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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows from Operating Activities      
Net Income (Loss) $ 2,533,595 $ 474,216 $ (19,183,874)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided from Operating Activities      
Depreciation 1,790,041 2,140,735 2,092,845
Amortization and Accretion 3,487,124 4,043,795 3,807,011
Goodwill Impairment 0 0 2,412,338
Provision for Loan Losses 8,250,000 13,350,000 43,445,000
Deferred Income Taxes 867,006 639,607 (5,869,055)
Securities Gains (2,923,601) (2,617,062) (2,625,867)
(Gain) Loss on Sale of Premises and Equipment 3,668 28,146 (82,503)
Loss on Sale of Other Real Estate and Repossessions 1,106,479 1,827,704 163,642
Provision for Losses on Other Real Estate 1,411,061 1,293,174 467,408
Increase in Cash Surrender Value of Life Insurance (174,289) (56,024) (184,905)
Change In      
Interest Receivable 739,423 1,325,068 699,018
Prepaid Expenses 1,861,810 2,006,032 (5,785,826)
Interest Payable (398,903) (452,764) (1,256,460)
Accrued Expenses and Accounts Payable (405,612) (148,591) 315,879
Other (2,987,906) 3,500,575 (3,360,614)
Cash Flow from Operating Activities 15,159,896 27,354,611 15,054,037
Cash Flows from Investing Activities      
Interest-Bearing Deposits in Other Banks 21,769,424 (44,247,933) (6,331,814)
Purchase of Investment Securities Available for Sale (381,284,748) (380,490,982) (488,257,181)
Proceeds from Sale of Investment Securities Available for Sale 342,672,937 286,387,727 368,575,701
Proceeds from Maturities, Calls and Paydowns of Investment Securities Available for Sale 41,978,769 55,648,274 58,599,391
Held to Maturity 12,565 14,001 12,688
Proceeds from Sale of Premises and Equipment 1,605 0 125,512
Net Loans to Customers 63,267,200 88,105,734 (18,973,081)
Purchase of Premises and Equipment (397,825) (490,256) (1,290,324)
Proceeds from Sale of Other Real Estate and Repossessions 9,991,792 9,866,063 12,158,095
Federal Home Loan Bank Stock 665,300 281,900 (73,000)
Cash Flow from Investing Activities 98,677,019 15,074,528 (75,454,013)
Cash Flows from Financing Activities      
Interest-Bearing Customer Deposits (50,448,220) (17,183,061) 43,853,063
Noninterest-Bearing Customer Deposits (8,690,512) 18,720,584 6,741,949
Proceeds from Other Borrowed Money 0 23,076,010 19,000,000
Principal Payments on Other Borrowed Money (4,076,010) (39,000,000) (19,000,000)
Dividends Paid on Preferred Stock (1,400,000) (1,400,000) (1,190,000)
Dividends Paid on Common Stock 0 0 (1,760,665)
Issuance of Common Stock 0 5,078,255 0
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase (20,000,000) (20,000,000) (2,274,000)
Proceeds Allocated to Issuance of Preferred Stock 0 0 27,215,218
Proceeds Allocated to Warrants Issued 0 0 784,782
Cash Flows from Financing Activities (84,614,742) (30,708,212) 73,370,347
Net Increase in Cash and Cash Equivalents 29,222,173 11,720,927 12,970,371
Cash and Cash Equivalents, Beginning 54,149,669 42,428,742 29,458,371
Cash and Cash Equivalents, Ending $ 83,371,842 $ 54,149,669 $ 42,428,742