Consolidated Statements of Condition (USD $)
Jun. 30, 2012
Dec. 31, 2011
Assets    
Cash and due from banks $ 34,202,485 $ 36,928,657
Available for sale securities 327,013,590 278,918,481
Held to maturity securities, fair value of $ 5,075,817 at June 30, 2012; $1,492,374 at December 31, 2011 4,983,923 1,428,887
Other investments 3,893,458 3,930,300
Federal Home Loan Bank Stock, at cost 4,259,400 2,580,700
Loans 427,591,007 432,407,286
Less: Allowance for loan losses 6,743,248 8,135,622
Loans, net 420,847,759 424,271,664
Bank premises and equipment, net of accumulated depreciation 27,022,147 28,035,308
Other real estate 7,522,811 6,153,238
Accrued interest receivable 3,103,191 2,698,241
Cash surrender value of life insurance 16,513,580 16,196,368
Prepaid FDIC assessments 1,278,989 2,096,320
Other assets 1,966,261 913,926
Total assets 852,607,594 804,152,090
Deposits:    
Demand, non-interest bearing 114,738,363 97,581,073
Savings and demand, interest bearing 223,487,560 205,318,859
Time, $100,000 or more 94,501,700 115,014,220
Other time deposits 48,840,880 50,524,930
Total deposits 481,568,503 468,439,082
Federal funds purchased and securities sold under agreements to repurchase 161,987,702 157,600,967
Borrowings from Federal Home Loan Bank 83,017,894 53,323,568
Employee and director benefit plans liabilities 11,959,093 11,310,607
Other liabilities 3,346,358 4,025,565
Total liabilities 741,879,550 694,699,789
Shareholders' Equity:    
Common stock, $1 par value, 15,000,000 shares authorized, 5,136,918 shares issued and outstanding at June 30, 2012 and December 31, 2011 5,136,918 5,136,918
Surplus 65,780,254 65,780,254
Undivided profits 34,417,370 33,350,861
Accumulated other comprehensive income, net of tax 5,393,502 5,184,268
Total shareholders' equity 110,728,044 109,452,301
Total liabilities & shareholders' equity $ 852,607,594 $ 804,152,090