XML 52 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 2 - Investment Securities (Tables)
6 Months Ended
Jun. 30, 2014
Investment Holdings [Abstract]  
Unrealized Gain (Loss) on Investments [Table Text Block]
           

Gross

   

Gross

         
   

Amortized

   

Unrealized

   

Unrealized

   

Fair

 
   

Cost

   

Gains

   

(Losses)

   

Value

 

June 30, 2014

                               

Securities held to maturity:

                               

Municipal securities

  $ 165,737,372     $ 1,492,583     $ (2,609,628 )   $ 164,620,327  

Other securities

    1,050,000       -       -       1,050,000  
    $ 166,787,372     $ 1,492,583     $ (2,609,628 )   $ 165,670,327  
                                 

Securities available for sale:

                               

U.S. govt. sponsored agency securities

  $ 334,083,927     $ 109,470     $ (8,572,941 )   $ 325,620,456  

Residential mortgage-backed and related securities

    152,965,071       2,200,301       (1,270,158 )     153,895,214  

Municipal securities

    32,871,334       1,156,141       (170,004 )     33,857,471  

Other securities

    1,401,827       560,129       -       1,961,956  
    $ 521,322,159     $ 4,026,041     $ (10,013,103 )   $ 515,335,097  
                                 

December 31, 2013:

                               

Securities held to maturity:

                               

Municipal securities

  $ 144,401,895     $ 299,789     $ (7,111,579 )   $ 137,590,105  

Other securities

    1,050,000       -       -       1,050,000  
    $ 145,451,895     $ 299,789     $ (7,111,579 )   $ 138,640,105  
                                 

Securities available for sale:

                               

U.S. govt. sponsored agency securities

  $ 376,574,132     $ 41,696     $ (20,142,841 )   $ 356,472,987  

Residential mortgage-backed and related securities

    160,110,199       1,153,409       (3,834,157 )     157,429,451  

Municipal securities

    35,813,866       923,315       (778,324 )     35,958,857  

Other securities

    1,372,365       524,798       -       1,897,163  
    $ 573,870,562     $ 2,643,218     $ (24,755,322 )   $ 551,758,458  
Schedule of Unrealized Loss on Investments [Table Text Block]
   

Less than 12 Months

   

12 Months or More

   

Total

 
           

Gross

           

Gross

           

Gross

 
   

Fair

   

Unrealized

   

Fair

   

Unrealized

   

Fair

   

Unrealized

 
   

Value

   

Losses

   

Value

   

Losses

   

Value

   

Losses

 

June 30, 2014:

                                               

Securities held to maturity:

                                               

Municipal securities

  $ 37,351,435     $ (982,726 )   $ 47,726,709     $ (1,626,902 )   $ 85,078,144     $ (2,609,628 )
                                                 

Securities available for sale:

                                               

U.S. govt. sponsored agency securities

  $ 284,171,721     $ (8,502,103 )   $ 13,725,024     $ (70,838 )   $ 297,896,745     $ (8,572,941 )

Residential mortgage-backed and related securities

    8,124,317       (95,270 )     55,800,561       (1,174,888 )     63,924,878       (1,270,158 )

Municipal securities

    8,765,260       (131,548 )     2,184,122       (38,456 )     10,949,382       (170,004 )
    $ 301,061,298     $ (8,728,921 )   $ 71,709,707     $ (1,284,182 )   $ 372,771,005     $ (10,013,103 )
                                                 

December 31, 2013:

                                               

Securities held to maturity:

                                               

Municipal securities

  $ 101,983,602     $ (6,711,240 )   $ 2,697,375     $ (400,339 )   $ 104,680,977     $ (7,111,579 )
                                                 

Securities available for sale:

                                               

U.S. govt. sponsored agency securities

  $ 333,194,820     $ (19,141,077 )   $ 10,978,390     $ (1,001,764 )   $ 344,173,210     $ (20,142,841 )

Residential mortgage-backed and related securities

    94,723,092       (2,947,770 )     14,117,719       (886,387 )     108,840,811       (3,834,157 )

Municipal securities

    13,890,692       (724,939 )     985,687       (53,385 )     14,876,379       (778,324 )
    $ 441,808,604     $ (22,813,786 )   $ 26,081,796     $ (1,941,536 )   $ 467,890,400     $ (24,755,322 )
Realized Gain (Loss) on Investments [Table Text Block]
   

Three Months Ended

   

Six Months Ended

 
   

June 30, 2014

   

June 30, 2013

   

June 30, 2014

   

June 30, 2013

 

Proceeds from sales of securities

  $ 18,856,953     $ 6,167,531     $ 25,877,578     $ 6,167,531  

Pre-tax gross gains from sales of securities

    571       16,460       21,196       16,460  
Investments Classified by Contractual Maturity Date [Table Text Block]
   

Amortized Cost

   

Fair Value

 

Securities held to maturity:

               

Due in one year or less

  $ 2,927,386     $ 2,929,942  

Due after one year through five years

    10,861,031       10,874,917  

Due after five years

    152,998,955       151,865,468  
    $ 166,787,372     $ 165,670,327  
                 

Securities available for sale:

               

Due in one year or less

  $ 4,485,092     $ 4,498,204  

Due after one year through five years

    48,898,104       48,717,600  

Due after five years

    313,572,065       306,262,123  
    $ 366,955,261     $ 359,477,927  

Residential mortgage-backed and related securities

    152,965,071       153,895,214  

Other securities

    1,401,827       1,961,956  
    $ 521,322,159     $ 515,335,097  
   

Amortized Cost

   

Fair Value

 

Securities held to maturity:

               

Municipal securities

  $ 102,919,232     $ 102,260,651  
                 

Securities available for sale:

               

U.S. govt. sponsored agency securities

    271,663,942       264,421,214  

Municipal securities

    20,829,274       21,268,094  
    $ 292,493,216     $ 285,689,308