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Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and due from banks $ 10,485,573 $ 30,417,813
Investment Securities:    
Securities available for sale, at fair value 104,769,578 132,762,058
Non-marketable securities - FRB and FHLB Stock 3,748,250 3,748,250
Total investment securities 108,517,828 136,510,308
Loans held for sale 7,211,433 9,055,268
Loans, net of unearned income 437,550,602 427,544,414
Allowance for loan losses (6,443,873) (6,715,397)
Net Loans 431,106,729 420,829,017
Premises and equipment, net 14,359,437 14,622,541
Purchased software 874,954 1,021,036
Cash surrender value of life insurance 12,041,915 13,211,247
Goodwill 16,733,830 16,733,830
Core deposits and other intangibles 2,190,707 2,585,132
Foreclosed assets held for sale, net 2,056,046 1,538,307
Mortgage servicing rights 3,294,494 3,190,389
Accrued interest receivable 1,958,748 2,068,965
Other assets 7,229,610 8,503,832
Total assets 618,061,304 660,287,685
LIABILITIES AND EQUITY    
Non interest bearing demand 59,650,822 62,745,906
Interest bearing NOW 101,972,099 105,708,472
Savings 48,771,404 47,662,315
Money Market 72,822,730 84,635,537
Time Deposits 212,652,611 214,925,512
Total deposits 495,869,666 515,677,742
Notes payable 3,142,048 3,290,471
Advances from Federal Home Loan Bank 24,602,002 22,807,351
Fed Funds Purchased 2,000,000 0
Repurchase Agreements 19,866,731 45,785,254
Trust preferred securities 20,620,000 20,620,000
Accrued interest payable 2,391,743 1,971,587
Other liabilities 3,555,204 4,111,182
Total liabilities 572,047,394 614,263,587
Equity    
Common stock 12,568,583 12,568,583
Additional paid-in capital 15,280,945 15,235,206
Retained earnings 19,589,825 18,802,106
Accumulated other comprehensive income (loss) 343,868 1,187,514
Treasury stock (1,769,311) (1,769,311)
Total Equity 46,013,910 46,024,098
Total liabilities and equity $ 618,061,304 $ 660,287,685