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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating activities:    
Net income $ 13,448,125 $ 8,364,954
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization/accretion of premium/discount on securities 988,811 1,971,889
Depreciation and amortization 2,432,535 2,660,347
Provision for loan losses 2,172,404 1,034,245
Gain on mortgage loans sold, net (1,813,488) (1,494,472)
Gain on sale of investment securities, net 0 (113,600)
Stock-based compensation expense 962,969 1,488,522
Deferred tax benefit (698,661) (1,831,027)
(Gains) losses on dispositions of other real estate and other investments (866,306) 4,283,855
Excess tax benefit from stock compensation (28,628) (4,978)
Mortgage loans held for sale:    
Loans originated (107,845,659) (105,694,598)
Loans sold 120,569,000 119,023,000
Decrease in other assets 3,050,703 15,794,855
Decrease in other liabilities (8,339,670) (3,128,767)
Net cash provided by operating activities 24,032,135 42,354,225
Activities in securities available-for-sale:    
Purchases (65,052,729) (17,954,670)
Sales 0 14,359,785
Maturities, prepayments and calls 43,551,916 56,585,619
Activities in securities held-to-maturity:    
Maturities, prepayments and calls (75,868) 1,280,000
Increase in loans, net (63,167,119) (54,941,031)
Purchases of software, premises and equipment (1,442,076) (1,271,826)
Purchase of bank owned life insurance (30,000,000) 0
Increase in other investments (303,750) (286,569)
Net cash used in investing activities (116,489,626) (2,228,692)
Financing activities:    
Net decrease in deposits (112,293,132) (66,220,256)
Net increase (decrease) in securities sold under agreements to repurchase 14,432,033 (13,502,880)
Advances from Federal Home Loan Bank:    
Issuances 240,000,000 215,000,000
Payments/maturities (115,036,641) (215,017,901)
Decrease in other borrowings (625,000) 0
Exercise of common stock options and stock appreciation rights 222,200 405,438
Excess tax benefit from stock compensation 28,628 4,978
Preferred dividends paid 0 (890,624)
Net cash provided by (used in) financing activities 26,728,088 (80,221,245)
Net decrease in cash and cash equivalents (65,729,403) (40,095,712)
Cash and cash equivalents, beginning of period 165,288,669 172,163,040
Cash and cash equivalents, end of period $ 99,559,266 $ 132,067,328