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Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities, net of effects of acquisition:    
Net income $ 3,813,133 $ 2,062,131
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,872,226 366,949
Depreciation 728,844 612,622
Amortization of purchase accounting valuations and intangibles 513,692 2,918,441
Net amortization of mortgage servicing asset 70,220 18,020
Federal Home Loan Bank stock dividends (9,800) (2,300)
Net amortization of discount on investments (391,479) (212,342)
Loss (gain) on sale of investment securities, net (59,247) 166,082
Gain on loans sold, net (744,105) (225,687)
Proceeds, including principal payments, from loans held for sale 16,317,991 13,008,932
Originations of loans held for sale (13,714,739) (13,137,317)
Non-cash compensation 1,021,635 936,574
Deferred income tax provision (benefit) 202,102 (989,264)
Decrease in interest receivable and other assets (2,219,162) 1,632,634
Increase in cash surrender value of bank-owned life insurance (262,206) (292,356)
Increase in accrued interest payable and other liabilities 262,653 1,088,041
Net cash provided by operating activities 7,479,785 8,055,554
Cash flows from investing activities, net of effects of acquisition:    
Purchases of securities available for sale (16,615,599) (60,585,865)
Purchases of securities held to maturity   (3,000,000)
Proceeds from maturities, prepayments and calls on securities available for sale 18,595,696 28,638,650
Proceeds from maturities, prepayments and calls on securities held to maturity 1,038,819 10,966,171
Proceeds from sales on securities available for sale 12,497,315 3,675,141
Net increase in loans (21,777,565) (15,306,490)
Reimbursement from FDIC for covered assets 1,748,270 1,772,878
(Increase) decrease in certificates of deposit in other institutions 1,074,000 (406,000)
Proceeds from sale of repossessed assets 4,850,102 419,997
Purchases of office properties and equipment (544,775) (256,059)
Proceeds from sale of properties and equipment 1,048,771  
Proceeds from redemption of Federal Home Loan Bank stock 1,396,100  
Purchases of Federal Home Loan Bank stock   (1,493,300)
Net cash provided by (used in) investing activities 3,311,134 (35,574,877)
Cash flows from financing activities, net of effects of acquisition:    
Increase (decrease) in deposits 48,799,017 (25,987,130)
Increase (decrease) in Federal Home Loan Bank advances (38,470,103) 39,500,000
Purchase of treasury stock (1,316,540) (1,424,207)
Proceeds from exercise of stock options 135,724 48,090
Net cash provided by financing activities 9,148,098 12,136,753
Net change in cash and cash equivalents 19,939,017 (15,382,570)
Cash and cash equivalents at beginning of year 31,272,508 36,970,638
Cash and cash equivalents at end of period $ 51,211,525 $ 21,588,068