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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Loans, including fees $ 47,510,761 $ 42,778,193 $ 136,296,125 $ 126,441,555
Securities:        
Taxable 3,469,311 3,538,446 10,817,854 10,860,146
Tax-exempt 1,533,029 1,601,067 4,694,438 4,741,440
Federal funds sold and other 268,455 259,536 828,335 834,748
Total interest income 52,781,556 48,177,242 152,636,752 142,877,889
Interest expense:        
Deposits 2,435,426 2,708,376 7,512,428 9,076,757
Securities sold under agreements to repurchase 38,702 55,601 100,546 204,240
Federal Home Loan Bank advances and other borrowings 770,367 840,318 2,352,501 2,666,721
Total interest expense 3,244,495 3,604,295 9,965,475 11,947,718
Net interest income 49,537,061 44,572,947 142,671,277 130,930,171
Provision for loan losses 851,194 684,956 1,593,180 5,631,408
Net interest income after provision for loan losses 48,685,867 43,887,991 141,078,097 125,298,763
Noninterest income:        
Service charges on deposit accounts 2,912,617 2,797,342 8,669,229 7,818,452
Investment services 2,353,118 1,955,652 6,645,362 5,643,690
Insurance sales commissions 1,037,043 1,021,430 3,566,835 3,522,430
Gain on mortgage loans sold, net 1,352,976 1,326,469 4,256,451 5,130,411
Loss on sale of investment securities, net 29,221 (1,441,234) 29,221 (1,466,475)
Trust fees 1,109,278 931,543 3,326,877 2,756,079
Other noninterest income 4,094,200 4,796,079 11,724,284 11,210,770
Total noninterest income 12,888,453 11,387,281 38,218,259 34,615,357
Noninterest expense:        
Salaries and employee benefits 21,721,663 21,009,680 65,244,092 61,152,789
Equipment and occupancy 6,477,076 5,412,865 18,103,458 15,730,074
Other real estate expense 417,197 699,211 1,294,355 2,810,779
Marketing and other business development 945,805 720,866 2,919,696 2,498,708
Postage and supplies 569,707 581,433 1,674,515 1,690,588
Amortization of intangibles 236,163 246,675 711,514 1,015,848
Other noninterest expense 3,991,944 4,652,161 11,959,708 11,725,844
Total noninterest expense 34,359,555 33,322,891 101,907,338 96,624,630
Income before income taxes 27,214,765 21,952,381 77,389,018 63,289,490
Income tax expense 9,017,943 7,305,431 25,655,089 20,883,883
Net income $ 18,196,822 $ 14,646,950 $ 51,733,929 $ 42,405,607
Per share information:        
Basic net income per common share (in dollars per share) $ 0.52 $ 0.43 $ 1.49 $ 1.24
Diluted net income per common share (in dollars per share) $ 0.52 $ 0.42 $ 1.48 $ 1.23
Weighted average shares outstanding:        
Basic (in shares) 34,762,206 34,282,899 34,688,064 34,148,562
Diluted (in shares) 35,155,224 34,606,567 35,069,764 34,415,776