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Consolidated Statements Of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities, net of effects of acquisition:  
Net income$ 2,985,530$ 3,223,203
Adjustments to reconcile net income to net cash provided by operating activities:  
Provision for loan losses892,459717,362
Depreciation946,601792,136
Amortization of purchase accounting valuations and intangibles5,226,296(2,784,958)
Net amortization of mortgage servicing asset30,32021,970
Federal Home Loan Bank stock dividends(5,800)(7,185)
Net amortization of premium/discount on investments(1,163,374)(927,187)
Loss on sale of investment securities, net166,082(39,131)
Other-than-temporary impairment of securities 1,010,771
Gain on loans sold, net(389,673)(378,817)
Proceeds, including principal payments, from loans held for sale16,062,49951,630,902
Originations of loans held for sale(22,150,906)(56,070,936)
Non-cash compensation1,422,0031,363,191
Goodwill from acquisition151,405559,987
Deferred income tax benefit(989,264)(490,413)
Decrease in interest receivable and other assets5,184,2371,797,498
Increase in cash surrender value of bank-owned life insurance(435,968)(771,504)
Increase in accrued interest payable and other liabilities1,132,590103,868
Net cash provided by (used in) operating activities9,065,037(249,243)
Cash flows from investing activities, net of effects of acquisition:  
Purchases of securities available for sale(60,580,507)(25,011,424)
Purchases of securities held to maturity(3,000,000)(15,000,000)
Proceeds from maturities, prepayments and calls on securities available for sale52,416,86332,180,827
Proceeds from maturities, prepayments and calls on securities held to maturity14,280,6007,303,887
Proceeds from sales on securities available for sale3,498,03213,978,622
Net decrease (increase) in loans(37,199,689)3,416,561
Decrease (increase) in certificates of deposit in other institutions1,549,000(2,858,000)
Proceeds from sale of real estate owned1,049,219 
Purchases of office properties and equipment(446,762)(8,216,811)
Net cash acquired (disbursed) in acquisition(17,154,724)46,892,158
Purchases of Federal Home Loan Bank stock(2,668,900)(871,500)
Proceeds from redemption of Federal Home Loan Bank stock 2,705,500
Net cash provided by (used in) investing activities(48,256,868)54,519,820
Cash flows from financing activities, net of effects of acquisition:  
Decrease in deposits(26,876,400)(32,523,050)
Net increase (decrease) in Federal Home Loan Bank advances65,889,085(17,578,396)
Proceeds from exercise of stock options75,851 
Purchase of treasury stock(3,950,630)(6,106,951)
Net cash provided by (used in) financing activities35,137,906(56,208,397)
Net change in cash and cash equivalents(4,053,925)(1,937,820)
Cash and cash equivalents at beginning of year36,970,63825,709,597
Cash and cash equivalents at end of period$ 32,916,713$ 23,771,777