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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 $ 10,129,869 $ 6,807,726 $ 2,048,831
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation 2,442,896 2,533,597 2,780,190
Provision for loan/lease losses 6,616,014 7,463,618 16,975,517
Deferred income taxes 1,228,529 1,256,004 2,758,856
Amortization of offering costs on subordinated debentures 14,317 14,317 14,317
Stock-based compensation expense 696,407 488,112 512,963
Losses (gains) on sales of other real estate owned, net 374,910 835,163 (177,736)
Amortization of premiums on securities, net 3,487,361 3,411,202 2,044,767
Securities gains, net (1,472,528)   (1,488,391)
Other-than-temporary impairment losses on securities 118,847 113,800 206,369
Loans originated for sale (100,789,010) (172,623,744) (140,376,155)
Proceeds on sales of loans 113,606,152 167,843,529 143,295,985
Gains on sales of loans, net (2,565,043) (3,169,514) (1,677,312)
Prepayment fees on Federal Home Loan Bank advances 832,099    
Losses on lease residual values   617,000  
Decrease (increase) in accrued interest receivable (74,032) 1,129,524 270,322
Decrease (increase) in prepaid FDIC insurance 1,677,908 2,439,762 (7,801,076)
Increase in cash value of bank-owned life insurance (1,445,891) (1,331,085) (1,243,324)
Increase in other assets (761,916) (1,320,430) (3,339,319)
Increase (decrease) in other liabilities 2,523,387 1,406,270 (660,397)
Net cash provided by operating activities 36,640,276 17,914,851 14,144,407
Cash Flows from Investing Activities:      
Net decrease (increase) in federal funds sold 41,175,000 (55,361,667) 14,097,565
Net decrease (increase) in interest-bearing deposits at financial institutions 12,995,009 (10,416,198) (27,215,509)
Proceeds from sales of other real estate owned 9,220,631 6,038,825 1,358,351
Activity in securities portfolio:      
Purchases (622,245,920) (383,018,764) (316,260,882)
Calls, maturities and redemptions 422,870,000 325,649,238 169,176,856
Paydowns 9,094,080 435,149 406,998
Sales 54,326,191   25,966,885
Activity in restricted investment securities:      
Purchases (292,800) (1,710,800) (1,150,500)
Redemptions 1,707,900 252,200  
Activity in bank-owned life insurance:      
Purchases (7,000,000) (3,150,000) (1,000,002)
Surrender of policy   609,772  
Net (increase) decrease in loans/leases originated and held for investment (56,096,989) 63,387,668 (50,077,380)
Purchase of premises and equipment (3,064,903) (2,197,448) (2,845,816)
Net cash used in investing activities (137,311,801) (59,482,025) (187,543,434)
Cash Flows from Financing Activities:      
Net increase in deposits 90,641,931 25,493,131 30,364,128
Net increase (decrease) in short-term borrowings 72,381,951 (9,745,072) 49,442,621
Activity in Federal Home Loan Bank advances:      
Advances 5,000,000 36,000,000 11,500,000
Calls and maturities (24,000,000) (13,100,000) (14,345,000)
Prepayments (15,832,099)    
Net (decrease) increase in other borrowings (13,839,122) 7,395,184 64,477,207
Proceeds from issuance of Series A Subordinated Notes and detachable warrants to purchase 54,000 shares of common stock   2,700,000  
Payment of cash dividends on common and preferred stock (3,712,493) (4,052,089) (3,595,221)
Proceeds from issuance of Series F Noncumulative Perpetual Preferred Stock, net 39,996,922    
Redemption of Series D Cumulative Perpetual Preferred Stock, net (38,237,000)    
Repurchase of 521,888 shares of common stock warrants issued in conjunction with Series D Cumulative Perpetual Preferred Stock (1,100,000)    
Proceeds from issuance of Series E Noncumulative Convertible Perpetual Preferred Stock, net   3,187,233  
Proceeds from issuance of Series D Cumulative Perpetual Preferred Stock and common stock warrant, net     38,052,823
Proceeds from issuance of common stock, net 477,339 261,547 226,441
Purchase of noncontrolling interests   (420,000) (310,000)
Net cash provided by financing activities 111,777,429 47,719,934 175,812,999
Net increase in cash and due from banks 11,105,904 6,152,760 2,413,972
Cash and due from banks, beginning 42,030,806 35,878,046 33,464,074
Cash and due from banks, ending 53,136,710 42,030,806 35,878,046
Supplemental Disclosures of Cash Flow Information, cash payments for:      
Interest 24,194,198 31,017,369 36,536,869
Income and franchise taxes 1,246,489 3,236,558 2,557,505
Change in accumulated other comprehensive income (loss), unrealized gains (losses) on securities available for sale, net 4,050,549 568,557 (3,492,752)
Exchange of shares of common stock in connection with payroll taxes for restricted stock and options exercised   (3,097) (7,719)
Transfers of loans to other real estate owned $ 9,446,588 $ 6,122,328 $ 6,924,975