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Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 3,811,944 $ 11,122,319 $ 9,860,738
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation   1,995,829 1,740,621
Provision for loan/lease losses 1,366,984 3,944,903 3,325,109
Stock-based compensation expense   619,506 672,703
Losses on other real estate owned, net   566,714 1,324,468
Amortization of premiums on securities, net   2,862,396 2,950,609
Securities gains   (433,396) (104,600)
Other-than-temporary impairment losses on securities     62,400
Loans originated for sale   (70,569,738) (90,563,711)
Proceeds on sales of loans   76,372,739 90,077,297
Gains on sales of residential real estate loans, net   (722,368) (987,021)
Gains on sales of government guaranteed portions of loans, net   (1,949,300) (978,936)
Increase in cash value of bank-owned life insurance   (1,328,598) (1,196,987)
Bargain purchase gain on Community National acquisition   (1,841,385)  
Accretion of acquisition fair value adjustments, net   (592,620)  
Decrease in other assets   7,319,681 3,101,454
Increase in other liabilities   3,177,088 1,473,626
Net cash provided by operating activities   30,672,773 20,757,770
CASH FLOWS FROM INVESTING ACTIVITIES      
Net (increase) decrease in federal funds sold   (9,297,000) 15,060,000
Net (increase) decrease in interest-bearing deposits at financial institutions   8,521,233 (22,686,336)
Proceeds from sales of other real estate owned   662,586 4,201,516
Activity in securities portfolio:      
Purchases   (297,033,410) (363,501,993)
Calls, maturities and redemptions   138,661,369 292,291,109
Paydowns   38,967,219 25,174,348
Sales 31,225,516 37,393,047 19,215,075
Activity in restricted investment securities:      
Purchases   (6,184,250) (3,466,800)
Redemptions   7,243,400 3,939,600
Net increase in loans/leases originated and held for investment   (65,747,455) (45,934,981)
Purchase of premises and equipment   (1,597,434) (1,589,217)
Net cash received from Community National acquisition   3,025,073  
Net cash used in investing activities   (145,385,621) (77,297,679)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in deposit accounts   112,711,191 137,777,646
Net decrease in short-term borrowings   (1,823,399) (72,647,752)
Activity in Federal Home Loan Bank advances:      
Advances   163,000,000 14,000,000
Calls and maturities   (160,000,000) (22,400,000)
Proceeds from other borrowings term note   10,000,000  
Advance (payment) on 364-day revolving note   (5,600,000) 2,000,000
Repayment of Community National's other borrowings at acquisition   (3,950,000)  
Payment of cash dividends on common and preferred stock   (2,853,434) (3,278,112)
Redemption of 10,223 shares of Series F Noncumulative Perpetual Preferred Stock     (10,223,000)
Purchase of noncontrolling interests     (1,679,532)
Net cash provided by financing activities   111,868,673 43,967,760
Net decrease in cash and due from banks   (2,844,176) (12,572,149)
Cash and due from banks, beginning   61,568,446 53,136,710
Cash and due from banks, ending 58,724,270 58,724,270 40,564,561
Supplemental disclosure of cash flow information, cash payments for:      
Interest   13,546,215 15,225,564
Income/franchise taxes   1,371,120 916,000
Supplemental schedule of noncash investing activities:      
Change in accumulated other comprehensive income (loss), unrealized gains (losses) on securities available for sale, net   (14,746,038) 1,367,388
Exchange of shares of common stock in connection with payroll taxes for restricted stock and in connection with stock options exercised   (424,587) (10,415)
Transfers of loans to other real estate owned   5,220,235 2,143,017
Liability established for purchase of noncontrolling interest     2,847,687
Fair value of assets acquired:      
Cash and due from banks * 9,286,757 [1] 9,286,757 [1]    [1]
Federal funds sold 12,335,000 12,335,000  
Interest-bearing deposits at financial institutions 2,024,539 2,024,539  
Securities available for sale 45,853,826 45,853,826  
Loans/leases receivable held for investment, net 195,658,486 195,658,486  
Premises and equipment, net 8,132,021 8,132,021  
Core deposit intangible 3,440,076 3,440,076  
Bank-owned life insurance 4,595,529 4,595,529  
Restricted investment securities 1,259,375 1,259,375  
Other real estate owned 550,326 550,326  
Other assets 5,178,583 5,178,583  
Total assets acquired 288,314,518 288,314,518  
Fair value of liabilities assumed:      
Deposits 255,045,071 255,045,071  
Other borrowings 3,950,000 3,950,000  
Junior subordinated debentures 4,125,175 4,125,175  
Other liabilities 3,911,053 3,911,053  
Total liabilities assumed 267,031,299 267,031,299  
Net assets acquired 21,283,219 21,283,219  
Consideration paid:      
Cash paid *   6,261,684 [1]    [1]
Issuance of 834,715 shares of common stock   13,180,150  
Total consideration paid   19,441,834  
Bargain purchase gain   1,841,385  
Common Stock [Member]
     
Activity in Federal Home Loan Bank advances:      
Proceeds from issuance of common stock, net   384,315 418,510
Core Deposits [Member]
     
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of core deposit intangible   $ 129,003  
[1] Net cash received at closing totaled $3,025,073