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Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 3,811,944 $ 11,959,716 $ 11,122,319
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation   2,092,992 1,995,829
Provision for loan/lease losses 1,366,984 3,159,364 3,944,903
Stock-based compensation expense   703,274 619,506
Deferred compensation expense accrued   996,941 623,781
Losses on other real estate owned, net   114,109 566,714
Amortization of premiums on securities, net   1,470,641 2,862,396
Securities gains   (40,625) (433,396)
Loans originated for sale   (32,643,486) (70,569,738)
Proceeds on sales of loans   33,537,484 76,372,739
Gains on sales of residential real estate loans   (317,085) (722,368)
Gains on sales of government guaranteed portions of loans   (860,923) (1,949,300)
Amortization of core deposit intangible   149,634 129,003
Accretion of acquisition fair value adjustments, net   (549,604) (592,620)
Gain on the sale of premises and equipment   (42,554)  
Increase in cash value of bank-owned life insurance   (1,276,901) (1,328,598)
Bargain purchase gain on Community National acquisition     (1,841,385)
Decrease (increase) in other assets   (595,429) 7,319,681
Increase in other liabilities   687,445 2,553,307
Net cash provided by operating activities   18,544,993 30,672,773
CASH FLOWS FROM INVESTING ACTIVITIES      
Net decrease (increase) in federal funds sold   9,675,000 (9,297,000)
Net decrease (increase) in interest-bearing deposits at financial institutions   (1,586,856) 8,521,233
Proceeds from sales of other real estate owned   1,172,365 662,586
Purchase of derivative instruments   (2,071,650)  
Activity in securities portfolio:      
Purchases   (48,493,532) (297,033,410)
Calls, maturities and redemptions   30,827,423 138,661,369
Paydowns   19,147,455 38,967,219
Sales   65,754,467 37,393,047
Activity in restricted investment securities:      
Purchases   (1,653,450) (6,184,250)
Redemptions   3,377,900 7,243,400
Net increase in loans/leases originated and held for investment   (115,589,620) (65,747,455)
Net cash received from the sale of premises and equipment   291,006  
Purchase of premises and equipment   (1,587,828) (1,597,434)
Net cash received from Community National acquisition     3,025,073
Net cash used in investing activities   (40,737,320) (145,385,622)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in deposit accounts   66,893,213 112,711,191
Net increase (decrease) in short-term borrowings   12,893,731 (1,823,399)
Activity in Federal Home Loan Bank advances:      
Advances   17,000,000 163,000,000
Calls and maturities   (51,850,000) (160,000,000)
Proceeds from term debt   10,000,000 10,000,000
Principal payments on term debt   (1,000,000)  
Payment on 364-day revolving note     (5,600,000)
Repayment of Community National's other borrowings at acquisition     (3,950,000)
Payment of cash dividends on common and preferred stock   (1,964,607) (2,853,434)
Cash and due from banks, beginning   41,950,790 61,568,446
Cash and due from banks, ending 58,724,270 42,326,177 58,724,270
Supplemental disclosure of cash flow information, cash payments for:      
Interest   12,445,044 13,546,215
Income/franchise taxes   3,457,500 1,371,120
Supplemental schedule of noncash investing activities:      
Change in accumulated other comprehensive income (loss), unrealized gains (losses) on securities available for sale and derivative instruments, net   8,894,623 (14,746,038)
Exchange of shares of common stock in connection with payroll taxes for restricted stock and in connection with stock options exercised   (177,984) (424,587)
Transfers of loans to other real estate owned   2,237,268 5,220,235
Change in due to broker   9,750,000  
Fair value of assets acquired:      
Cash and due from banks * 9,286,757 [1]    [1] 9,286,757 [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 *      [1] 6,261,684 [1]
Issuance of 834,715 shares of common stock     13,180,150
Total consideration paid     19,441,834
Bargain purchase gain     1,841,385
Series F Noncumulative Perpetual Preferred Stock Redemption One [Member]
     
Activity in Federal Home Loan Bank advances:      
Redemption of shares of preferred stock, value   (15,000,000)  
Series F Noncumulative Perpetual Preferred Stock Redemption Two[Member]
     
Activity in Federal Home Loan Bank advances:      
Redemption of shares of preferred stock, value   (14,823,922)  
Common Stock [Member]
     
Activity in Federal Home Loan Bank advances:      
Proceeds from issuance of common stock, net   419,299 384,315
Net cash provided by financing activities   22,567,714 111,868,673
Net increase (decrease) in cash and due from banks   $ 375,387 $ (2,844,176)
[1] Net cash received at closing totaled $3,025,073