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Consolidated Statements of Cash Flows
12 Months Ended
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Cash Flows from Operating Activities:      
Net income $ 16,927,881 $ 14,952,537 $ 14,938,245
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation 3,065,031 2,812,645 2,695,578
Provision for loan/lease losses 6,870,900 6,807,000 5,930,420
Deferred income taxes (2,004,532) (1,165,009) (1,021,991)
Stock-based compensation expense 941,469 891,619 792,279
Deferred compensation expense accrued 1,023,827 1,311,627 822,335
Losses (gains) on sale of other real estate owned, net (1,021,242) 447,272 545,340
Amortization of premiums on securities, net 1,040,275 1,809,804 3,574,097
Securities gains, net (798,983) (92,363) (432,492)
Loans originated for sale (38,748,100) (58,128,415) (80,027,780)
Proceeds on sales of loans 40,362,697 61,435,064 86,231,767
Gains on sales of residential real estate loans, net (322,872) (460,721) (836,065)
Gains on sales of government guaranteed portions of loans, net (1,304,575) (2,040,638) (2,148,979)
Gain on sale of credit card loan receivables     (495,405)
Increase in cash value of bank-owned life insurance (1,762,107) (1,721,507) (1,786,023)
Decrease (increase) in other assets (3,910,486) (1,198,107) 7,650,490
Increase in other liabilities 2,721,335 414,134 1,017,133
Net cash provided by operating activities 30,098,622 25,599,915 32,036,253
Bargain purchase gain on Community National acquisition     (1,841,385)
Losses on debt extinguishment 7,485,601    
Gain on debt extinguishment (300,000)    
Amortization of core deposit intangible 199,512 199,512 178,881
Accretion of acquisition fair value adjustments, net (367,009) (674,539) (1,060,708)
Cash Flows from Investing Activities:      
Net (increase) decrease in federal funds sold 26,930,000 (7,345,000) (540,000)
Net increase in interest-bearing deposits at financial institutions (763,749) (2,289,765) (8,660,888)
Proceeds from sales of other real estate owned 7,696,026 1,593,714 1,345,479
Purchase of derivative instruments   (2,071,650)  
Activity in securities portfolio:      
Purchases (232,092,732) (76,256,503) (312,970,498)
Calls, maturities and redemptions 211,942,737 35,247,090 147,264,900
Paydowns 15,476,369 23,611,559 46,098,773
Sales 81,410,368 78,476,422 37,393,047
Activity in restricted investment securities:      
Purchases (3,752,450) (1,912,050) (7,264,600)
Redemptions 4,476,100 3,380,100 7,244,200
Net increase in loans/leases originated and held for investment (172,786,032) (180,325,359) (55,311,462)
Purchase of premises and equipment (4,394,255) (2,035,855) (2,430,353)
Proceeds from sale of credit card loan receivables     10,674,723
Net cash received from Community National Acquisition     3,025,073
Net cash paid on sales of certain branches of Community National Bank     (30,425,618)
Net cash used in investing activities (65,857,618) (129,927,297) (164,557,224)
Cash Flows from Financing Activities:      
Net increase in deposits 200,988,645 32,695,797 108,923,293
Net (decrease) increase in short-term borrowings (123,688,954) 119,058,703 (21,789,994)
Activity in Federal Home Loan Bank advances:      
Term advances 5,000,000 6,000,000 77,000,000
Calls and maturities (26,000,000) (27,850,000) (82,000,000)
Net change in short-term and overnight advances 47,000,000 (6,000,000) 34,000,000
Prepayments (84,401,601) 0  
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)    
Repayment of Community National's other borrowings at acquisition     (3,950,000)
Payment of cash dividends on common and preferred stock (782,054) (1,964,608) (4,062,726)
Cash and due from banks, beginning 38,235,019 41,950,790 61,568,446
Cash and due from banks, ending 41,957,855 38,235,019 41,950,790
Redemption of 29,867 shares of Series F Noncumulative Perpetual Preferred Stock, net   (29,823,922)  
Supplemental Disclosures of Cash Flow Information, cash payments for:      
Interest 14,027,512 16,826,619 17,953,357
Income and franchise taxes 2,619,288 4,541,000 3,011,244
Supplemental Schedule of Noncash Investing and Financing Activities:      
Change in accumulated other comprehensive income (loss), unrealized gains (losses) on on securities available for sale and derivative instruments, net (188,613) 11,708,770 (18,350,669)
Exchange of shares of common stock in connection with payroll taxes for restricted stock and options exercised (68,706) (177,984) (434,545)
Tax benefit of nonqualified stock options exercised 93,096 42,954 62,371
Transfers of loans to other real estate owned 1,577,060 5,594,256 7,115,008
Due from broker   2,290,930  
Dividends payable 468,583 315,955 567,677
Consideration paid:      
Bargain purchase gain     1,841,385
Common Stock Offering 1 [Member]      
Activity in other borrowings:      
Proceeds from issuance of common stock, net 63,484,123    
Common Stock Offering 2 [Member]      
Activity in other borrowings:      
Proceeds from issuance of common stock, net 1,552,673 620,641 582,742
Net cash provided by financing activities 39,481,832 100,611,611 112,903,315
Net (decrease) increase in cash and due from banks $ 3,722,836 (3,715,771) (19,617,656)
Series F Noncumulative Perpetual Preferred Stock Two [Member]      
Activity in other borrowings:      
Redemption of 29,867 shares of Series F Noncumulative Perpetual Preferred Stock, net   $ (29,823,922)  
Credit Card Issuing Operations [Member]      
Adjustments to reconcile net income to net cash provided by operating activities      
Gain on disposal of business     (355,268)
Liabilities sold:      
Gains on sales of certain branches of Community National Bank     355,268
CNB Branches [Member]      
Adjustments to reconcile net income to net cash provided by operating activities      
Gain on disposal of business     (2,334,216)
Assets sold:      
Cash **     30,425,618
Loans receivable     54,458,870
Premises and equipment, net     2,373,822
Core deposit intangible     1,390,762
Other assets     138,899
Total assets sold     88,787,971
Liabilities sold:      
Deposits     91,022,098
Other liabilities     100,089
Total liabilities sold     91,122,187
Gains on sales of certain branches of Community National Bank     2,334,216
Community National Bancorporation and Community National Bank [Member]      
Adjustments to reconcile net income to net cash provided by operating activities      
Bargain purchase gain on Community National acquisition     (1,841,385)
Fair value of assets acquired:      
Cash and due from banks * [1] [1] 9,286,757 [1]
Federal funds sold     12,335,000
Interest-bearing deposits at financial institutions     2,024,539
Securities available for sale     45,853,826
Loans/leases receivable held for investment, net     195,658,486
Premises and equipment, net     8,132,021
Core deposit intangible     3,440,076
Bank-owned life insurance     4,595,529
Restricted investment securities     1,259,375
Other real estate owned     550,326
Other assets     5,178,583
Total assets acquired     288,314,518
Fair value of liabilities assumed:      
Deposits     255,045,071
Other borrowings     3,950,000
Junior subordinated debentures     4,125,175
Other liabilities     3,911,053
Total liabilities assumed     267,031,299
Net assets acquired     21,283,219
Consideration paid:      
Cash paid * [1] [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
[1] Net cash received at closing totaled $3,025,073