Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 2014 and 2013 was as follows:

	For the six months ended June 30,
	2014		2013
Cash Transactions:
Interest paid	$	6,886,261	$	8,701,479
Income taxes paid, net		14,100,000		15,600,009
Noncash Transactions:
Loans charged-off to the allowance for loan losses		3,268,626		11,377,491
Loans foreclosed upon and transferred to other real estate owned		1,672,459		1,780,131
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 and six months ended June 30, 2014 and 2013:

	For the three months ended June 30,				For the six months ended June 30,
	2014		2013		2014		2013
Basic net income per share calculation:
Numerator - Net income	$	17,169,980	$	14,310,530	$	33,537,102	$	27,758,657
Denominator - Average common shares outstanding		34,697,888		34,172,274		34,650,377		34,080,281
Basic net income per share	$	0.49	$	0.42	$	0.97	$	0.81
Diluted net income per share calculation:
Numerator – Net income	$	17,169,980	$	14,310,530	$	33,537,102	$	27,758,657
Denominator - Average common shares outstanding		34,697,888		34,172,274		34,650,377		34,080,281
Dilutive shares contingently issuable		383,814		258,780		374,482		239,515
Average diluted common shares outstanding		35,081,702		34,431,054		35,024,859		34,319,796
Diluted net income per share	$	0.49	$	0.42	$	0.96	$	0.81