Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Summary of Significant Accounting Policies [Abstract]

Supplemental Cash Flow Information

Cash Equivalents and Cash Flows — Cash on hand, cash items in process of collection, amounts due from banks, Federal funds sold, short-term discount notes and securities purchased under agreements to resell, with original maturities within ninety days, are included in cash and cash equivalents.  The following supplemental cash flow information addresses certain cash payments and noncash transactions for each of the years in the three-year period ended December 31, 2012 as follows:

	For the years ended December 31,
	2012		2011		2010
Cash Payments:
Interest	$	23,506,632	$	39,991,746	$	60,675,865
Income taxes paid (refunded)		10,249,106		3,988,414		(4,722,776	)
Noncash Transactions:
Loans charged-off to the allowance for loan losses		19,657,061		34,849,910		67,543,395
Loans foreclosed upon with repossessions transferred to other real estate		9,052,792		34,580,351		92,873,551

Basic and Diluted Earnings Per Share Calculations

The following is a summary of the basic and diluted earnings per share calculation for each of the years in the three-year period ended December 31, 2012:

	2012		2011		2010
Basic earnings per share calculation:
Numerator - Net income (loss) available to common stockholders	$	38,069,841	$	37,072,728	$	(30,442,514	)
Denominator - Weighted average common shares outstanding		33,899,667		33,420,015		32,789,871
Basic net income (loss) per common share available to common stockholders	$	1.12	$	1.11	$	(0.93	)
Diluted earnings per share calculation:
Numerator - Net income (loss) available to common stockholders	$	38,069,841	$	37,072,728	$	(30,442,514	)
Denominator - Weighted average common shares outstanding		33,899,667		33,420,015		32,789,871
Dilutive shares contingently issuable		588,141		640,213		-
Weighted average diluted common shares outstanding		34,487,808		34,060,228		32,789,871
Diluted net income (loss) per common share available to common stockholders	$	1.10	$	1.09	$	(0.93	)