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Consolidated Balance Sheets (Unaudited) (USD $)
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Loans $ 844,104,983 $ 842,930,548
Allowances for loan losses (15,313,584) (13,809,224)
Net loans 828,791,399 829,121,324
Investment in available-for-sale securities, at fair value 228,269,741 213,806,001
Federal funds sold and securities purchased under agreements to resell 75,000 75,000
Cash and due from banks 40,329,180 43,134,530
Premises and equipment - net 37,350,456 37,953,372
Other real estate owned and repossessed assets - net 21,582,893 16,020,023
Accrued interest receivable 5,280,353 5,340,610
Mortgage servicing rights 2,666,498 2,308,377
Intangible assets - net 336,710 542,746
Cash surrender value - life insurance 2,097,824 2,064,452
Other assets 20,439,155 20,794,988
Total assets 1,187,219,209 1,171,161,423
Deposits:    
Non-interest bearing demand 169,124,794 159,186,859
Savings, interest checking and money market 402,529,604 384,598,688
Time deposits $100,000 and over 130,193,612 139,504,648
Other time deposits 282,730,595 274,933,958
Total deposits 984,578,605 958,224,153
Federal funds purchased and securities sold under agreements to repurchase 23,843,510 24,516,277
Subordinated notes 49,486,000 49,486,000
Federal Home Loan Bank advances 28,280,725 28,409,989
Accrued interest payable 1,427,066 1,054,202
Other liabilities 7,461,732 6,895,029
Total liabilities 1,095,077,638 1,068,585,650
Stockholders' equity:    
Preferred stock, $0.01 par value per share, 1,000,000 shares authorized; Issued 18,255 shares and 30,255,respectively, $1,000 per share liquidation value, net of discount 17,833,215 29,317,716
Common stock, $1 par value Authorized 15,000,000 shares; issued 4,814,852 shares respectively 4,814,852 4,814,852
Surplus 31,992,617 30,265,992
Retained earnings 39,570,876 40,354,112
Accumulated other comprehensive income, net of tax 1,446,829 1,339,919
Treasury stock; 161,858 shares, at cost (3,516,818) (3,516,818)
Total stockholders' equity 92,141,571 102,575,773
Total liabilities and stockholders' equity $ 1,187,219,209 $ 1,171,161,423