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Consolidated Statements Of Income (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest Income    
Loans, including fees$ 9,728,512$ 7,549,667$ 24,154,691$ 21,100,559
Investment securities1,023,9761,226,7652,802,1553,913,125
Other investments and deposits36,28032,899107,54394,226
Total interest income10,788,7688,809,33127,064,38925,107,910
Interest Expense    
Deposits1,219,4921,403,0603,431,5454,021,924
Short-term FHLB advances15,2942,79423,3497,382
Long-term FHLB advances165,545136,727373,216446,189
Total interest expense1,400,3311,542,5813,828,1104,475,495
Net interest income9,388,4377,266,75023,236,27920,632,415
Provision for loan losses525,510167,580892,459717,362
Net interest income after provision for loan losses8,862,9277,099,17022,343,82019,915,053
Noninterest Income    
Service fees and charges601,916541,5381,622,3391,535,811
Bank card fees451,959343,9061,294,1461,012,935
Gain on sale of loans, net163,986198,522389,673378,817
Income from bank-owned life insurance143,612161,540435,968473,206
Other-than-temporary impairment of securities (870,254) (1,010,771)
Gain (loss) on sale of securities, net  (166,082)39,131
Discount accretion of FDIC loss sharing receivable193,349249,949663,281501,537
Settlement of litigation  525,000 
Other income72,941(12,582)210,25575,616
Total noninterest income1,627,763612,6194,974,5803,006,282
Noninterest Expense    
Compensation and benefits5,215,4783,824,28713,128,99810,707,803
Occupancy709,640615,9721,834,0661,652,035
Marketing and advertising291,628184,179667,824588,116
Data processing and communication1,314,568635,3822,428,0751,648,161
Professional services327,728198,4821,174,980895,433
Forms, printing and supplies141,008128,182402,082380,917
Franchise and shares tax221,01798,397582,018441,104
Regulatory fees258,234159,026688,616392,282
Other expenses731,654509,8281,845,9231,386,692
Total noninterest expense9,210,9556,353,73522,752,58218,092,543
Income before income tax expense1,279,7351,358,0544,565,8184,828,792
Income tax expense356,336447,0611,580,2881,605,589
Net Income$ 923,399$ 910,993$ 2,985,530$ 3,223,203
Earnings per share:    
Basic$ 0.13$ 0.12$ 0.42$ 0.42
Diluted$ 0.13$ 0.12$ 0.41$ 0.42