XML 24 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Income and Comprehensive Income (Unaudited) (USD $)
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Oil and gas $ 676,782 $ 565,573 $ 2,102,106 $ 1,200,186
Agriculture 17,379 22,124 327,422 46,588
Timber 32,499 83,193 37,504 86,632
Total revenues 726,660 670,890 2,467,032 1,333,406
Costs and Expenses:        
Oil and gas production 60,672 38,794 183,651 90,208
Agriculture 2,098 2,258 3,952 5,220
Timber 13,717 17,778 27,943 32,414
General and administrative 127,101 99,712 344,070 319,387
Depreciation and depletion 4,777 30,210 8,507 51,507
Total cost and expenses 208,365 188,752 568,123 498,736
Income from operations 518,295 482,138 1,898,909 834,670
Other Income / (Expense):        
Interest income 4,712 9,817 10,010 30,286
Dividend income   3,854   13,381
Gain/(Loss) on securities available-for-sale   10,688   10,688
Gain on sale of land and other assets     124,000 306
Net other income / (expense) 4,712 24,359 134,010 54,661
Income before income taxes 523,007 506,497 2,032,919 889,331
Federal and state income taxes:        
Current 162,848 160,247 648,173 259,779
Deferred 3,003 863 (2,828) (11,565)
Total income taxes 165,851 161,110 645,345 248,214
Net Income 357,156 345,387 1,387,574 641,117
Other Comprehensive Income, Net of Taxes:        
Change in unrealized net holding gains occurring during period, net of taxes of $6,042 and $3,721, respectively for 2011   (9,062)   (5,581)
Other comprehensive income   9,062   (5,581)
Comprehensive Income $ 357,156 $ 336,325 $ 1,387,574 $ 635,536
Per Common Stock (1,942,495 shares):        
Net Income (in Dollars per share) $ 0.18 $ 0.18 $ 0.71 $ 0.33
Dividends (in Dollars per share) $ 0.07 $ 0.07 $ 0.21 $ 0.21