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Note 6 - Fair Value (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
           

Fair Value Measurements at Reporting Date Using

 
           

Quoted Prices

   

Significant

         
           

in Active

   

Other

   

Significant

 
           

Markets for

   

Observable

   

Unobservable

 
           

Identical Assets

   

Inputs

   

Inputs

 
   

Fair Value

   

(Level 1)

   

(Level 2)

   

(Level 3)

 
                                 

June 30, 2014:

                               

Securities available for sale:

                               

U.S. govt. sponsored agency securities

  $ 325,620,456     $ -     $ 325,620,456     $ -  

Residential mortgage-backed and related securities

    153,895,214       -       153,895,214       -  

Municipal securities

    33,857,471       -       33,857,471       -  

Other securities

    1,961,956       318,370       1,643,586       -  

Derivative instruments

    1,820,501       -       1,820,501       -  
    $ 517,155,598     $ 318,370     $ 516,837,228     $ -  
                                 

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

 

June 30, 2014:

                               

Impaired loans/leases

  $ 8,281,725     $ -     $ -     $ 8,281,725  

Other real estate owned

    11,827,311       -       -       11,827,311  
    $ 20,109,036     $ -     $ -     $ 20,109,036  
                                 

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

 

June 30, 2014:

                   

Impaired loans/leases

  $ 8,281,725  

Appraisal of collateral

Appraisal adjustments

    -10.00% to -50.00 %

Other real estate owned

    11,827,311  

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 June 30, 2014

   

As of December 31, 2013

 
 

Hierarchy

 

Carrying

   

Estimated

   

Carrying

   

Estimated

 
 

Level

 

Value

   

Fair Value

   

Value

   

Fair Value

 
                                   

Cash and due from banks

Level 1

  $ 56,292,577     $ 56,292,577     $ 41,950,790     $ 41,950,790  

Federal funds sold

Level 2

    20,490,000       20,490,000       39,435,000       39,435,000  

Interest-bearing deposits at financial institutions

Level 2

    36,786,049       36,786,049       33,044,917       33,044,917  

Investment securities:

                                 

Held to maturity

Level 3

    166,787,372       165,670,327       145,451,895       138,640,105  

Available for sale

See Previous Table

    517,155,598       517,155,598       551,758,458       551,758,458  

Loans/leases receivable, net

Level 3

    7,668,264       8,281,725       8,342,182       9,009,557  

Loans/leases receivable, net

Level 2

    1,518,632,461       1,521,236,736       1,430,489,328       1,441,952,443  

Derivative Instruments

Level 2

    1,820,501       1,820,501       -       -  

Deposits:

                                 

Nonmaturity deposits

Level 2

    1,291,304,395       1,291,304,395       1,256,209,352       1,256,209,352  

Time deposits

Level 2

    386,063,880       387,275,000       390,781,891       391,923,000  

Short-term borrowings

Level 2

    204,321,854       204,321,854       149,292,967       149,292,967  

Federal Home Loan Bank advances

Level 2

    222,900,000       235,770,000       231,350,000       241,623,000  

Other borrowings

Level 2

    151,452,927       162,038,000       142,448,362       152,761,000  

Junior subordinated debentures

Level 2

    40,356,154       28,332,467       40,289,830       28,094,228