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Consolidated Statements of Income (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income on:      
Loans, including fees $ 13,898,411 $ 14,646,011 $ 15,248,717
U.S. Government agency securities 1,488,467 1,915,845 1,854,201
State and municipal securities 1,605,648 1,400,651 1,308,116
Corporate trust preferred securities 114,312 166,085 189,012
Federal funds sold 5,705 9,632 12,428
Other 19,422 40,743 31,823
Total interest income 17,131,965 18,178,967 18,644,297
Interest expense on:      
Deposits 3,038,340 3,696,631 4,937,282
Short-term borrowings 3,764 1,492 49
Long-term borrowings 640,476 952,705 1,058,749
Junior subordinated debentures   648,127 546,430
Total interest expense 3,682,580 5,298,955 6,542,510
Net interest income 13,449,385 12,880,012 12,101,787
Provision for credit losses 663,000 1,050,000 2,442,976
Net interest income after provision for credit losses 12,786,385 11,830,012 9,658,811
Other income:      
Service charges on deposit accounts 626,935 648,183 693,725
Other fees and commissions 814,425 823,854 817,559
Gains on investment securities, net 408,646 175,164 585,882
Income on life insurance 239,524 251,406 268,083
Total other income 2,089,530 1,898,607 2,365,249
Other expenses:      
Salaries and wages 4,931,266 4,856,835 4,792,480
Employee benefits 1,643,581 1,823,669 1,503,848
Occupancy 846,591 830,105 871,081
Furniture and equipment 814,006 761,997 761,462
Other expenses 2,788,040 2,643,509 2,989,201
Total impairment losses on investment securities 291,943 979,322 1,179,652
Portion of impairment losses recognized in other comprehensive income (before taxes) (200,015) (717,114) (1,102,873)
Net impairment loss on investment securities 91,928 262,208 76,779
Total other expenses 11,115,412 11,178,323 10,994,851
Income before income taxes 3,760,503 2,550,296 1,029,209
Federal and state income taxes (benefits) 767,410 485,511 (233,253)
Net income $ 2,993,093 $ 2,064,785 $ 1,262,462
Basic and diluted earnings per share of common stock $ 1.10 $ 0.76 $ 0.46