Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2014

Summary of Significant Accounting Policies [Abstract]

Supplemental Cash Flow Information

Cash Flow Information — Supplemental cash flow information addressing certain cash and noncash transactions for each of the three months ended March 31, 2014 and 2013 was as follows:

	For the three months ended March 31,
	2014		2013
Cash Transactions:
Interest paid	$	3,447,425	$	4,540,692
Income taxes paid, net		6,100,000		7,100,000
Noncash Transactions:
Loans charged-off to the allowance for loan losses		1,503,511		3,557,313
Loans foreclosed upon and transferred to other real estate owned		1,645,100		550,000
Available-for-sale securities transferred to held-to-maturity portfolio		-		39,959,647

Basic and Diluted Earnings Per Share Calculations

The following is a summary of the basic and diluted net income per share calculations for the three months ended March 31, 2014 and 2013:

	For the three months ended March 31,
	2014		2013
Basic net income per share calculation:
Numerator - Net income available to common stockholders	$	16,367,123	$	13,448,125
Denominator - Average common shares outstanding		34,602,337		33,987,265
Basic net income per share available to common stockholders	$	0.47	$	0.40
Diluted net income per share calculation:
Numerator – Net income available to common stockholders	$	16,367,123	$	13,448,125
Denominator - Average common shares outstanding		34,602,337		33,987,265
Dilutive shares contingently issuable		364,263		218,937
Average diluted common shares outstanding		34,966,600		34,206,202
Diluted net income per share available to common stockholders	$	0.47	$	0.39