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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income:      
Loans, including fees $ 154,748,491 $ 162,901,763 $ 162,271,036
Securities:      
Taxable 23,971,787 30,306,189 35,056,848
Tax-exempt 7,394,134 7,916,596 6,540,653
Federal funds sold and other 2,232,423 2,223,816 1,847,661
Total interest income 188,346,835 203,348,364 205,716,198
Interest expense:      
Deposits 30,588,033 49,856,815 63,128,940
Securities sold under agreements to repurchase 1,110,078 1,749,905 1,689,073
Federal Home Loan Bank advances and other borrowings 5,184,313 7,368,258 10,106,922
Total interest expense 36,882,424 58,974,978 74,924,935
Net interest income 151,464,411 144,373,386 130,791,263
Provision for loan losses 21,797,613 53,695,454 116,758,231
Net interest income after provision for loan losses 129,666,798 90,677,932 14,033,032
Noninterest income:      
Service charges on deposit accounts 9,244,165 9,591,543 10,199,838
Investment services 6,246,414 5,050,105 4,181,101
Insurance sales commissions 3,999,153 3,864,340 4,025,839
Trust fees 2,999,731 2,872,490 2,590,997
Gains on mortgage loans sold, net 4,155,137 4,085,657 4,928,542
Net gain on sale of investment securities 960,763 2,623,674 6,462,241
Other noninterest income 10,334,847 8,227,237 7,263,068
Total noninterest income 37,940,210 36,315,046 39,651,626
Noninterest expense:      
Salaries and employee benefits 74,424,851 64,628,991 56,709,814
Equipment and occupancy 19,986,976 21,077,223 18,056,080
Other real estate expense 17,431,926 29,210,197 14,257,005
Marketing and other business development 3,303,151 3,233,224 2,533,953
Postage and supplies 2,120,722 2,538,021 2,929,447
Amortization of intangibles 2,862,837 2,980,986 3,185,111
Other noninterest expense 18,976,865 23,214,670 20,906,040
Total noninterest expense 139,107,328 146,883,312 118,577,450
Income (loss) before income taxes 28,499,680 (19,890,334) (64,892,792)
Income tax (benefit) expense (15,237,687) 4,410,158 (29,392,825)
Net income (loss) 43,737,367 (24,300,492) (35,499,967)
Preferred stock dividends 4,606,493 4,815,973 4,815,972
Accretion on preferred stock discount 2,058,146 1,326,049 1,113,986
Net income (loss) available to common stockholders $ 37,072,728 $ (30,442,514) $ (41,429,925)
Per share information:      
Basic net income (loss) per common share available to common stockholders (in dollars per share) $ 1.11 $ (0.93) $ (1.46)
Diluted net income (loss) per common share available to common stockholders (in dollars per share) $ 1.09 $ (0.93) $ (1.46)
Weighted average common shares outstanding:      
Basic (in shares) 33,420,015 32,789,871 28,395,618
Diluted (in shares) 34,060,228 32,789,871 28,395,618