XML 146 R127.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 20 - Parent Company Only Financial Statements (Details) - Condensed Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
May. 13, 2015
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash Flows from Operating Activities:                          
Net income   $ 6,784,823 $ 6,488,987 $ (523,818) $ 4,177,889 $ 2,992,821 $ 4,062,665 $ 4,007,836 $ 3,889,215 $ 16,927,881 $ 14,952,537 $ 14,938,245  
Distributions in excess of (less than) earnings of:                          
Bargain purchase gain on Community National acquisition                       (1,841,385)  
Accretion of acquisition fair value adjustments                   (367,009) (674,539) (1,060,708)  
Stock-based compensation expense                   941,469 891,619 792,279  
Securities gains, net                   (798,983) (92,363) (432,492)  
Gain on debt extinguishment                   (300,000)      
Cash Flows from Investing Activities:                          
Net increase in interest-bearing deposits at financial institutions                   (763,749) (2,289,765) (8,660,888)  
Activity in securities portfolio:                          
Calls, maturities and redemptions                   211,942,737 35,247,090 147,264,900  
Sales                   81,410,368 78,476,422 37,393,047  
Purchase of premises and equipment                   (4,394,255) (2,035,855) (2,430,353)  
Net cash (used in) provided by investing activities                   (65,857,618) (129,927,297) (164,557,224)  
Activity in other borrowings:                          
Proceeds from other borrowings                     10,000,000 10,000,000  
Calls, maturities and scheduled principal payments                   (7,350,000) (2,125,000) (5,800,000)  
Prepayments                   (34,559,000)      
Retirement of junior subordinated debentures                   (1,762,000)      
Redemption of 29,867 shares of Series F Noncumulative Perpetual Preferred Stock, net                     (29,823,922)    
Cash and due from banks:                          
Beginning   41,957,855       38,235,019       41,957,855 38,235,019 41,950,790 $ 61,568,446
Ending   41,957,855       38,235,019       41,957,855 38,235,019 41,950,790 $ 61,568,446
Common Stock Offering 1 [Member]                          
Activity in other borrowings:                          
Proceeds from common stock issuance $ 63,500,000                 63,484,123      
Common Stock Offering 2 [Member]                          
Activity in other borrowings:                          
Proceeds from common stock issuance                   1,552,673 620,641 582,742  
Net cash provided by (used in) financing activities                   39,481,832 100,611,611 112,903,315  
Net increase (decrease) in cash and due from banks                   3,722,836 (3,715,771) (19,617,656)  
Parent Company [Member]                          
Cash Flows from Operating Activities:                          
Net income                   16,927,881 14,952,537 14,938,245  
Distributions in excess of (less than) earnings of:                          
Bargain purchase gain on Community National acquisition                       (1,841,385)  
Accretion of acquisition fair value adjustments                   137,317 133,905 79,655  
Depreciation                   174,757 100,158 75,182  
Stock-based compensation expense                   941,469 891,619 792,279  
Securities gains, net                   (262,800)      
Gain on debt extinguishment                   (300,000)      
Decrease (increase) in other assets                   (5,929,110) 1,912,597 (725,105)  
(Decrease) increase in other liabilities                   5,502,390 2,644,458 (2,978,106)  
Net cash provided by operating activities                   4,832,689 20,802,089 15,841,592  
Cash Flows from Investing Activities:                          
Net increase in interest-bearing deposits at financial institutions                   189,426 (2,726) (2,288)  
Activity in securities portfolio:                          
Purchases                   (1,764,137) (40,523) (34,040)  
Calls, maturities and redemptions                   1,772,719 71,429    
Sales                   489,828      
Capital infusion, bank subsidiaries                   (45,600,000)      
Net cash paid for Community National acquisition                       (6,261,684)  
Purchase of premises and equipment                   (1,517,157) (16,618)    
Net cash (used in) provided by investing activities                   (46,429,321) 11,562 (6,298,012)  
Activity in other borrowings:                          
Proceeds from other borrowings                     10,000,000 10,000,000  
Calls, maturities and scheduled principal payments                   (2,350,000) (2,359,207) (373,446)  
Prepayments                   (19,395,116)   (9,550,000)  
Retirement of junior subordinated debentures                   (1,762,000)      
Payment of cash dividends on common and preferred stock                   (782,054) (1,964,608) (4,062,726)  
Net cash provided by (used in) financing activities                   40,747,626 (23,527,096) (3,403,430)  
Net increase (decrease) in cash and due from banks                   (849,006) (2,713,445) 6,140,150  
Parent Company [Member] | Common Stock Offering 1 [Member]                          
Activity in other borrowings:                          
Proceeds from common stock issuance                   63,484,123      
Parent Company [Member] | Common Stock Offering 2 [Member]                          
Activity in other borrowings:                          
Proceeds from common stock issuance                   1,552,673 620,641 582,742  
Parent Company [Member] | Series F Noncumulative Perpetual Preferred Stock [Member]                          
Activity in other borrowings:                          
Redemption of 29,867 shares of Series F Noncumulative Perpetual Preferred Stock, net                     (29,823,922)    
Beginning of Period [Member] | Parent Company [Member]                          
Cash and due from banks:                          
Beginning   4,499,139       7,212,584       4,499,139 7,212,584 1,072,434  
Ending   4,499,139       7,212,584       4,499,139 7,212,584 1,072,434  
End of Period [Member] | Parent Company [Member]                          
Cash and due from banks:                          
Beginning   3,650,133       4,499,139       3,650,133 4,499,139 7,212,584  
Ending   $ 3,650,133       $ 4,499,139       3,650,133 4,499,139 7,212,584  
Bank Subsidiaries [Member] | Parent Company [Member]                          
Distributions in excess of (less than) earnings of:                          
Subsidiaries                   (12,359,086) 166,806 5,500,930  
Non-bank Subsidiaries [Member] | Parent Company [Member]                          
Distributions in excess of (less than) earnings of:                          
Subsidiaries                   $ (128) $ 9 $ (103)