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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities:    
Net income $ 33,537,102 $ 27,758,657
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization/accretion of premium/discount on securities 2,154,065 2,373,927
Depreciation and amortization 4,598,989 4,622,942
Provision for loan losses 741,986 4,946,452
Loss on sale of investment securities, net 0 25,241
Gain on mortgage loans sold, net (2,903,475) (3,803,942)
Stock-based compensation expense 2,581,483 1,995,809
Deferred tax benefit (136,855) 67,794
(Gains) losses on dispositions of other real estate and other investments 141,913 1,877,964
Excess tax benefit from stock compensation (1,166,463) (140,181)
Mortgage loans held for sale:    
Loans originated (153,548,739) (226,714,093)
Loans sold 144,711,000 243,750,000
Decrease in other assets (1,504,523) 10,576,616
Decrease in other liabilities (4,207,922) (12,608,365)
Net cash provided by operating activities 24,998,561 54,728,821
Activities in securities available-for-sale:    
Purchases (96,556,556) (128,922,089)
Sales 1,273,528 1,213,584
Maturities, prepayments and calls 59,975,601 77,932,668
Activities in securities held-to-maturity:    
Purchases 0 (2,045,030)
Maturities, prepayments and calls 864,028 2,325,000
Increase in loans, net (171,994,156) (221,126,597)
Purchases of software, premises and equipment (3,265,513) (3,388,292)
Purchase of bank owned life insurance 0 (30,000,000)
Increase in other investments (178,118) (3,325,587)
Net cash used in investing activities (209,881,186) (307,336,343)
Financing activities:    
Net decrease in deposits 118,040,619 81,390,021
Net increase (decrease) in securities sold under agreements to repurchase (8,192,656) 2,678,252
Advances from Federal Home Loan Bank:    
Issuances 410,000,000 324,038,282
Payments/maturities (330,047,151) (74,091,731)
Decrease in other borrowings (1,250,000) (6,250,000)
Exercise of common stock options and stock appreciation rights, net of repurchase of restricted shares 3,014,285 584,892
Excess tax benefit from stock compensation 1,166,463 140,181
Common stock dividends paid (5,679,659) 0
Net cash provided by financing activities 187,051,901 328,489,897
Net decrease in cash and cash equivalents 2,169,276 75,882,375
Cash and cash equivalents, beginning of period 208,938,737 165,288,669
Cash and cash equivalents, end of period $ 211,108,013 $ 241,171,044