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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities:    
Net income $ 51,733,929 $ 42,405,607
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization/accretion of premium/discount on securities 3,353,794 3,444,484
Depreciation and amortization 6,987,533 6,918,189
Provision for loan losses 1,593,180 5,631,408
Loss on sale of investment securities, net (29,221) 1,466,475
Gain on mortgage loans sold, net (4,256,451) (5,130,411)
Stock-based compensation expense 3,969,973 3,027,231
Deferred tax benefit (361,424) (51,547)
(Gains) losses on dispositions of other real estate and other investments (92,577) 2,889,742
Excess tax benefit from stock compensation (1,526,772) (232,776)
Mortgage loans held for sale:    
Loans originated (242,784,212) (320,203,874)
Loans sold 240,761,000 349,567,000
Decrease in other assets 3,978,907 12,875,979
Decrease in other liabilities (2,526,028) (3,105,860)
Net cash provided by operating activities 60,801,631 99,501,647
Activities in securities available-for-sale:    
Purchases (97,806,318) (182,289,872)
Sales 2,360,478 1,414,628
Maturities, prepayments and calls 86,531,771 111,542,890
Activities in securities held-to-maturity:    
Purchases 0 (2,452,919)
Maturities, prepayments and calls 1,094,966 2,982,450
Increase in loans, net (283,931,233) (269,103,013)
Purchases of software, premises and equipment (3,991,211) (4,371,613)
Purchase of bank owned life insurance 0 (30,000,000)
Increase in other investments 31,553 (3,611,128)
Net cash used in investing activities (295,709,994) (375,888,577)
Financing activities:    
Net decrease in deposits 128,858,023 318,355,000
Net increase (decrease) in securities sold under agreements to repurchase (5,692,815) (30,635,547)
Advances from Federal Home Loan Bank:    
Issuances 585,000,000 624,000,000
Payments/maturities (460,063,036) (584,128,201)
Decrease in other borrowings (1,875,000) (6,875,000)
Exercise of common stock options and stock appreciation rights, net of repurchase of restricted shares 4,321,128 1,290,692
Excess tax benefit from stock compensation 1,526,772 232,776
Common stock dividends paid (8,535,894) 0
Net cash provided by financing activities 243,539,178 322,239,720
Net decrease in cash and cash equivalents 8,630,815 45,852,790
Cash and cash equivalents, beginning of period 208,938,737 165,288,669
Cash and cash equivalents, end of period $ 217,569,552 $ 211,141,459