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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities:    
Net income $ 27,965,264 $ 21,842,711
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization/accretion of premium/discount on securities 1,303,239 1,152,427
Depreciation and amortization (428,254) 2,165,601
Provision for loan losses 3,893,570 315,091
Gain on mortgage loans sold, net (3,567,551) (1,941,254)
Gain on sale of investment securities 0 (6,003)
Stock-based compensation expense 2,628,788 1,653,662
Deferred tax (expense) benefit 921,718 1,046,983
(Gains) losses on dispositions of other real estate and other investments (32,400) (389,731)
Gains (losses) from equity method investment (5,147,524) (3,201,302)
Excess tax benefit from stock compensation (159,168) (1,348,751)
Change in other loans held for sale (10,504,481) 0
Mortgage loans held for sale:    
Loans originated (147,888,687) (98,711,742)
Loans sold 163,949,000 95,782,000
Increase in other assets (6,736,913) (7,631,523)
Decrease in other liabilities (2,169,127) (5,480,950)
Net cash provided by operating activities 24,027,474 5,247,219
Activities in securities available-for-sale:    
Purchases (102,041,878) (64,826,118)
Sales 0 216,300
Maturities, prepayments and calls 28,996,005 29,890,467
Activities in securities held-to-maturity:    
Purchases 0 (1,035,995)
Maturities, prepayments and calls 148,426 235,000
Increase in loans, net (289,043,266) (65,558,107)
Purchases of software, premises and equipment (2,849,721) (1,222,077)
Increase in equity-method investment (74,100,000) (75,000,000)
Dividends received from equity-method investment 4,920,103 0
(Increase) decrease in other investments (1,918,978) (122,500)
Net cash used in investing activities (435,889,309) (177,423,030)
Financing activities:    
Net increase in deposits 109,015,688 6,704,511
Net decrease in securities sold under agreements to repurchase (16,282,804) (25,941,606)
Advances from Federal Home Loan Bank:    
Issuances 631,000,000 455,370,280
Payments/maturities (315,015,246) (195,385,928)
Increase (decrease) in other borrowings, net 67,344,645 39,375,000
Exercise of common stock options and stock appreciation rights, net of repurchase of restricted shares 3,058,559 878,138
Excess tax benefit from stock compensation 159,168 1,348,751
Common stock dividends paid (5,791,835) (4,304,125)
Net cash provided by financing activities 473,488,175 278,045,021
Net increase in cash and cash equivalents 61,626,340 105,869,210
Cash and cash equivalents, beginning of period 320,951,333 187,907,510
Cash and cash equivalents, end of period $ 382,577,673 $ 293,776,720