text: Securities, carried at approximately $239,971,000 and $243,316,000 at December 31, 2002 and 2001, respectively, 
  were pledged as collateral for public or trust fund deposits and for other purposes required or permitted by law. 
  
  During 2002 and 2001, sales of investment securities that were classified as available-for-sale totaled $30,077,478 
  and $57,925,815, respectively. Gross realized gains and losses from sales in 2002 were $23,773 and $7,400, 
  respectively. Gross realized gains and losses from 2001 sales were $104,779 and $36,990, respectively. Gross 
  realized gains from 2000 sales were $530,097. The specific identification method was used to determine cost in 
  computing the realized gains and losses. 
  
  Certain subsidiary banks are required to maintain reserve balances with the Federal Reserve Bank. During 2002 and 
  2001, such average balances totaled approximately $12,776,000 and $9,017,000, respectively. 