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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest income:    
Loans, including fees$ 38,571,893$ 41,105,351$ 115,830,529$ 122,504,151
Securities:    
Taxable5,952,5997,004,25618,792,77824,150,109
Tax-exempt1,819,6421,942,6505,593,3415,978,849
Federal funds sold543,496598,1811,684,3761,635,934
Total interest income46,887,63050,650,438141,901,024154,269,043
Interest expense:    
Deposits7,138,05312,306,14524,869,04538,695,099
Securities sold under agreements to repurchase204,107435,054931,1201,352,015
Federal Home Loan Bank advances and other borrowings1,189,7421,849,3003,929,1195,904,792
Total interest expense8,531,90214,590,49929,729,28445,951,906
Net interest income38,355,72836,059,939112,171,740108,317,137
Provision for loan losses3,632,4404,789,32216,358,76748,523,927
Net interest income after provision for loan losses34,723,28831,270,61795,812,97359,793,210
Noninterest income:    
Service charges on deposit accounts2,361,8032,444,0776,953,4667,238,588
Investment services1,698,8861,234,4214,844,3983,786,067
Insurance sales commissions1,001,716954,0153,055,1942,957,393
Gain on loans sold, net1,295,2781,310,1692,693,9132,733,977
Net gain on sale of investment securities376,5090827,7082,623,674
Trust fees753,551726,0942,253,4742,377,182
Other noninterest income2,592,1701,925,4597,585,2315,932,154
Total noninterest income10,079,9138,594,23528,213,38427,649,035
Noninterest expense:    
Salaries and employee benefits19,015,21716,069,36055,462,37048,921,007
Equipment and occupancy4,942,9175,230,73015,009,64116,089,323
Other real estate expense5,079,1278,522,34613,238,85321,335,705
Marketing and other business development751,094748,2062,271,2672,295,820
Postage and supplies509,279636,4921,544,2532,070,536
Amortization of intangibles715,514744,4922,147,3232,236,494
Other noninterest expense4,662,0735,822,25215,059,68517,482,907
Total noninterest expense35,675,22137,773,878104,733,392110,431,792
Income (loss) before income taxes9,127,9802,090,97419,292,965(22,989,547)
Income tax expense (benefit)(16,973,019)0(16,684,605)5,106,734
Net income (loss)26,100,9992,090,97435,977,570(28,096,281)
Preferred stock dividends1,213,8891,213,8893,602,0833,602,083
Accretion on preferred stock discount349,817328,037983,448992,496
Net income (loss) available to common stockholders$ 24,537,293$ 549,048$ 31,392,039$ (32,690,860)
Per share information:    
Basic net income (loss) per common share available to common stockholders$ 0.74$ 0.02$ 0.94$ (1.00)
Diluted net income (loss) per common share available to common stockholders$ 0.72$ 0.02$ 0.92$ (1.00)
Weighted average shares outstanding:    
Basic33,372,98032,857,42833,398,02932,697,985
Diluted33,993,91433,576,96334,037,73932,697,985