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Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2012
Fair Value of Financial Instruments [Abstract]  
Summary of the carrying amounts and fair values of financial instruments
                                                         
                June 30, 2012
Fair Value Measurements		              
    June 30, 2012     Quoted Prices
in Active
Markets for
Identical		     Other Observable     Net
Significant
Unobservable 		    December 31, 2011  
    Carrying
amount		     Fair
value		     Assets
(Level 1)		     Inputs
(Level 2)		     Inputs
(Level 3)		     Carrying
amount		     Fair
value		  
               

Assets:

                                                        

Loans

   $ 828,791,399     $ 825,932,000     $ —       $ —       $ 825,932,000     $ 829,121,324     $ 830,077,000  

Investment securities

     228,269,741       228,269,741       —         228,269,741       —         213,806,001       213,806,001  

FHLB stock

     2,641,100       2,641,100       —         2,641,100       —         2,738,100       2,738,100  

Federal fund sold and securities purchased under agreements to resell

     75,000       75,000       75,000       —         —         75,000       75,000  

Cash and due from banks

     40,329,180       40,329,180       40,329,180       —         —         43,134,530       43,134,530  

Mortgage servicing rights

     2,666,498       2,666,498       —         —         2,666,498       2,308,377       2,512,103  

Cash surrender value - life insurance

     2,097,824       2,097,824       —         2,097,824       —         2,064,452       2,064,452  

Accrued interest receivable

     5,280,353       5,280,353       5,280,353       —         —         5,340,610       5,340,610  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
    $ 1,110,151,095     $ 1,107,291,696     $ 45,684,533     $ 233,008,665     $ 828,598,498     $ 1,098,588,394     $ 1,099,747,796  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Liabilities:

                                                        

Deposits:

                                                        

Demand

   $ 169,124,794     $ 169,124,794     $ —       $ 169,124,794     $ —       $ 159,186,859     $ 159,186,859  

NOW

     185,378,393       185,378,393       —         185,378,393       —         169,451,594       169,451,594  

Savings

     67,514,234       67,514,234       —         67,514,234       —         62,075,470       62,075,470  

Money market

     149,636,977       149,636,977       —         149,636,977       —         153,071,624       153,071,624  

Time

     412,924,207       419,049,000       —         419,049,000       —         414,438,606       421,687,000  

Federal funds purchased and securities sold under agreements to repurchase

     23,843,510       23,843,510       —         23,843,510       —         24,516,277       24,516,277  

Subordinated notes

     49,486,000       21,328,000       —         21,328,000       —         49,486,000       22,082,000  

Federal Home Loan Bank advances

     28,280,725       29,134,000       —         29,134,000       —         28,409,989       29,525,000  

Accrued interest payable

     1,427,066       1,427,066       1,427,066       —         —         1,054,202       1,054,202  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
    $ 1,087,615,906     $ 1,066,435,974     $ 1,427,066     $ 1,065,008,908     $ —       $ 1,061,690,621     $ 1,042,650,026