v2.4.0.6
Consolidated Statements Of Condition (USD $)
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
CASH AND DUE FROM BANKS $ 9,490,652 $ 10,330,074
INTEREST-BEARING DEPOSITS IN OTHER BANKS 43,305,910 3,201,336
Total cash and cash equivalents 52,796,562 13,531,410
INVESTMENT SECURITIES AVAILABLE-FOR-SALE, at fair market value 122,170,498 135,877,221
INVESTMENT SECURITIES HELD TO MATURITY, at amortized cost 1,170,000 1,210,000
FEDERAL HOME LOAN BANK STOCK, at cost 2,861,400 5,093,000
LOANS, net of allowance for loan losses of $22,266,679 and $20,935,944, respectively 381,084,666 387,477,964
PREMISES AND EQUIPMENT, net of accumulated depreciation of $17,190,394 and $19,372,174, respectively 9,049,301 16,608,912
CASH SURRENDER VALUE OF BANK-OWNED LIFE INSURANCE 12,921,885 12,498,892
ACCRUED INTEREST RECEIVABLE 3,957,755 5,110,400
GOODWILL   4,097,773
INVESTMENT IN LIMITED PARTNERSHIPS 1,456,218 1,766,079
OTHER REAL ESTATE OWNED 16,774,426 25,631,539
OTHER ASSETS 17,566,971 12,836,109
TOTAL ASSETS 621,809,682 621,739,299
LIABILITIES AND SHAREHOLDERS' EQUITY    
Demand, non-interest-bearing 59,118,973 54,491,996
Demand, interest-bearing 122,754,305 116,532,466
Savings 58,147,567 49,891,204
Time, $100,000 and over 135,708,421 126,383,297
Other time 151,343,656 156,230,932
Total deposits 527,072,922 503,529,895
ACCRUED INTEREST EXPENSE 790,209 2,235,389
OTHER LIABILITIES 7,383,466 10,481,143
SHORT-TERM BORROWINGS 355,787 970,433
LONG-TERM DEBT 20,000,000 30,000,000
TOTAL LIABILITIES 555,602,384 547,216,860
COMMITMENTS AND CONTINGENCIES (SEE NOTE 19)      
SHAREHOLDERS' EQUITY:    
Common stock, par value $.01 per share; 10,000,000 shares authorized; 7,322,560 shares issued; 6,015,737 shares and 6,011,012 shares outstanding for December 31, 2011 and 2010, respectively 73,225 73,175
Surplus 9,258,579 9,233,279
Accumulated other comprehensive income, net of tax 3,004,690 3,411,504
Retained earnings 75,091,458 84,407,676
Treasury stock, 1,306,823 and 1,306,548 shares at cost for 2011 and 2010, respectively (21,208,161) (21,205,052)
Noncontrolling interest (12,493) (1,398,143)
TOTAL SHAREHOLDERS' EQUITY 66,207,298 74,522,439
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 621,809,682 $ 621,739,299