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Consolidated Statements Of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities:    
Net loss $ (32,967,361) $ (3,432,459)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Provision for loan losses 27,504,801 10,007,195
Depreciation and amortization 1,163,601 1,384,598
Gain on the sale of premises and equipment (7,473)  
Proceeds from loans held for sale 1,750,280  
Loss on other real estate owned 2,222,301 1,014,794
Net amortization of premiums and accretion of discounts on investment securities 35,682 314
Increase in deferred tax assets (8,788,728) (1,533,951)
Increase in deferred tax asset valuation allowance 8,788,728  
Net change in:    
Accrued interest receivable 679,598 1,171,984
Other assets (791,484) (1,580,889)
Accrued interest payable (201,613) 486,974
Other liabilities (230,350) (2,311,438)
Net cash provided by (used in) operating activities (842,018) 5,207,122
Investing Activities:    
Purchase of investment securities available for sale (4,084,433) (3,247,500)
Net purchase of premises and equipment (59,202) (895,818)
Improvements to other real estate owned (298,777) (70,695)
Net decrease in loans 37,202,930 29,730,551
Purchase of subsidiary shares from noncontrolling interests   (188,604)
Proceeds from:    
Sale of loans   28,590,113
Calls and maturities of investment securities held to maturity 29,935 22,607
Sales, calls and maturities of investment securities available for sale 1,070,502 2,016,798
Sale of equity securities, restricted 1,769,750  
Sale of premises and equipment 28,250  
Sale of other real estate owned 6,295,387 3,781,563
Net cash provided by investing activities 41,954,342 59,739,015
Financing Activities:    
Demand, interest-bearing demand and savings deposits (16,690,370) 4,515,112
Time deposits 21,425,070 17,245,700
Brokered time deposits (63,870,999) (70,676,000)
Short-term borrowings (16,500,000)  
Dividends reinvested and (redemption of) fractional shares of stock (3) 4,557
Distributions to noncontrolling interests   (12,260)
Contributions from noncontrolling interests 3,296  
Net cash used in financing activities (75,633,006) (48,922,891)
Net increase (decrease) in cash and cash equivalents (34,520,682) 16,023,246
Cash and cash equivalents, January 1 119,894,731 185,520,349
Cash and cash equivalents, June 30 85,374,049 201,543,595
Supplemental cash flow disclosure:    
Interest paid during the period 11,456,156 14,535,185
Income taxes paid during the period 5,906  
Supplemental noncash disclosure:    
Transfer between loans and other real estate owned 22,986,567 8,894,018
Sale of other real estate owned financed by bank loans $ 93,818 $ 1,615,250