Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2016

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, 2016 and March 31, 2015 was as follows:

	For the three months ended
	March 31, 2016		March 31, 2015
Cash Transactions:
Interest paid	$	7,341,784	$	3,426,798
Income taxes paid, net		10,556,737		8,217,500
Noncash Transactions:
Loans charged-off to the allowance for loan losses		9,226,906		2,649,708
Loans foreclosed upon and transferred to other real estate owned		-		-
Loans foreclosed upon and transferred to other assets		1,384,511		1,738,757

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, 2016 and 2015:

	Three months ended March 31,
	2016		2015
Basic net income per share calculation:
Numerator - Net income	$	27,965,264	$	21,842,711
Denominator - Average common shares outstanding		40,082,805		35,041,203
Basic net income per share	$	0.70	$	0.62
Diluted net income per share calculation:
Numerator – Net income	$	27,965,264	$	21,842,711
Denominator - Average common shares outstanding		40,082,805		35,041,203
Dilutive shares contingently issuable		764,222		339,326
Average diluted common shares outstanding		40,847,027		35,380,529
Diluted net income per share	$	0.68	$	0.62