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Note 6 - Fair Value (Tables)
3 Months Ended
Mar. 31, 2014
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
           

Fair Value Measurements at Reporting Date Using

 
   

Fair Value

   

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

   

Significant

Other

Observable

Inputs

(Level 2)

   

Significant

Unobservable

Inputs

(Level 3)

 
                                 

March 31, 2014:

                               

Securities available for sale:

                               

U.S. govt. sponsored agency securities

  $ 350,337,559     $ -     $ 350,337,559     $  -  

Residential mortgage-backed and related securities

    158,119,401       -       158,119,401        -  

Municipal securities

    35,076,066       -       35,076,066        -  

Other securities

    1,944,511       317,137       1,627,374       -  
    $ 545,477,537     $ 317,137     $ 545,160,400     $ -  
                                 

December 31, 2013:

                               

Securities available for sale:

                               

U.S. govt. sponsored agency securities

  $ 356,472,987     $ -     $ 356,472,987     $ -  

Residential mortgage-backed and related securities

    157,429,451       -       157,429,451       -  

Municipal securities

    35,958,857       -       35,958,857       -  

Other securities

    1,897,163       317,698       1,579,465       -  
    $ 551,758,458     $ 317,698     $ 551,440,760     $ -  
           

Fair Value Measurements at Reporting Date Using

 
   

Fair Value

   

Level 1

   

Level 2

   

Level 3

 

March 31, 2014:

                               

Impaired loans/leases

  $ 7,524,198     $ -     $ -     $ 7,524,198  

Other real estate owned

    10,448,606       -       -       10,448,606  
    $ 17,972,804     $ -     $ -     $ 17,972,804  
                                 

December 31, 2013:

                               

Impaired loans/leases

  $ 9,009,557     $ -     $ -     $ 9,009,557  

Other real estate owned

    10,507,377       -       -       10,507,377  
    $ 19,516,934     $ -     $ -     $ 19,516,934  
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]
   

Quantitave Information about Level Fair Value Measurments

   

Fair Value

 

Valuation Technique

Unobservable Input

 

Range

March 31, 2014:

                     

Impaired loans/leases

  $ 7,524,198  

Appraisal of collateral

Appraisal adjustments

  -10.00% to -50.00 %

Other real estate owned

    10,448,606  

Appraisal of collateral

Appraisal adjustments

  0.00% to -35.00 %
   

Quantitave Information about Level Fair Value Measurments

   

Fair Value

 

Valuation Technique

Unobservable Input

 

Range

December 31, 2013:

                     

Impaired loans/leases

  $ 9,009,557  

Appraisal of collateral

Appraisal adjustments

  -10.00% to -50.00 %

Other real estate owned

    10,507,377  

Appraisal of collateral

Appraisal adjustments

  0.00% to -35.00 %
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
 

Fair Value

 

As of March 31, 2014

   

As of December 31, 2013

 
 

Hierarchy

Level

 

Carrying

Value

   

Estimated

Fair Value

   

Carrying

Value

   

Estimated

Fair Value

 
                                   

Cash and due from banks

Level 1

  $ 55,444,302     $ 55,444,302     $ 41,950,790     $ 41,950,790  

Federal funds sold

Level 2

    11,570,000       11,570,000       39,435,000       39,435,000  

Interest-bearing deposits at financial institutions

Level 2

    44,389,277       44,389,277       33,044,917       33,044,917  

Investment securities:

                                 

Held to maturity

Level 3

    161,629,152       157,617,860       145,451,895       138,640,105  

Available for sale

See Previous Table

    545,477,537       545,477,537       551,758,458       551,758,458  

Loans/leases receivable, net

Level 3

    6,966,850       7,524,198       8,342,182       9,009,557  

Loans/leases receivable, net

Level 2

    1,462,959,422       1,472,150,150       1,430,489,328       1,441,952,443  

Deposits:

                                 

Nonmaturity deposits

Level 2

    1,296,408,620       1,296,408,620       1,256,209,352       1,256,209,352  

Time deposits

Level 2

    375,485,023       376,596,000       390,781,891       391,923,000  

Short-term borrowings

Level 2

    165,569,112       165,569,112       149,292,967       149,292,967  

Federal Home Loan Bank advances

Level 2

    235,700,000       245,555,000       231,350,000       241,623,000  

Other borrowings

Level 2

    142,250,644       152,184,000       142,448,362       152,761,000  

Junior subordinated debentures

Level 2

    40,322,765       28,218,054       40,289,830       28,094,228