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Consolidated Statements of Cash Flows
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Cash Flows from Operating Activities:      
Net income $ 27,686,787 $ 16,927,881 $ 14,952,537
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation 3,424,140 3,065,031 2,812,645
Provision for loan/lease losses 7,478,166 6,870,900 6,807,000
Deferred income taxes (3,066,407) (2,004,532) (1,165,009)
Stock-based compensation expense 947,174 941,469 891,619
Deferred compensation expense accrued 1,155,549 1,023,827 1,311,627
Losses (gains) on sale of other real estate owned, net 243,858 (1,021,242) 447,272
Amortization of premiums on securities, net 1,302,962 1,040,275 1,809,804
Securities gains, net (4,592,398) (798,983) (92,363)
Loans originated for sale (74,329,667) (38,748,100) (58,128,415)
Proceeds on sales of loans 77,850,553 40,362,697 61,435,064
Gains on sales of residential real estate loans, net (431,313) (322,872) (460,721)
Gains on sales of government guaranteed portions of loans, net (3,159,073) (1,304,575) (2,040,638)
Losses on debt extinguishment, net 4,577,668 7,185,601
Amortization of core deposit intangible 442,849 199,512 199,512
Accretion of acquisition fair value adjustments, net (3,718,160) (367,009) (674,539)
Increase in cash value of bank-owned life insurance (1,771,396) (1,762,107) (1,721,507)
Increase in other assets (943,891) (3,910,486) (1,198,107)
Increase in other liabilities 10,285,420 2,721,335 414,134
Net cash provided by operating activities 43,382,821 30,098,622 25,599,915
Cash Flows from Investing Activities:      
Net (increase) decrease in federal funds sold (1,709,000) 26,930,000 (7,345,000)
Net increase in interest-bearing deposits at financial institutions (12,904,803) (979,283) (2,289,765)
Proceeds from sales of other real estate owned 2,084,696 7,696,026 1,593,714
Purchase of derivative instruments (2,071,650)
Activity in securities portfolio:      
Purchases (179,598,630) (232,092,732) (76,256,503)
Calls, maturities and redemptions 117,876,284 211,942,737 35,247,090
Paydowns 33,169,638 15,476,369 23,611,559
Sales 134,188,737 81,410,368 78,476,422
Activity in restricted investment securities:      
Purchases (1,098,200) (3,752,450) (1,912,050)
Redemptions 2,450,000 4,476,100 3,380,100
Net increase in loans/leases originated and held for investment (187,496,180) (172,786,032) (180,325,359)
Purchase of premises and equipment (6,032,416) (4,394,255) (2,035,855)
Net cash paid for Community State Bank acquisition (69,905,355)
Net cash used in investing activities (168,975,229) (66,073,152) (129,927,297)
Term advances 5,000,000 6,000,000
Calls and maturities (24,000,000) (26,000,000) (27,850,000)
Net change in short-term and overnight advances 20,500,000 47,000,000 (6,000,000)
Prepayments (31,008,668) (84,401,601)
Cash Flows from Financing Activities:      
Net increase in deposits 302,390,928 200,988,645 32,695,797
Net (decrease) increase in short-term borrowings (104,691,329) (123,688,954) 119,058,703
Activity in other borrowings:      
Proceeds from other borrowings 35,000,000 10,000,000
Calls, maturities and scheduled principal payments (7,350,000) (2,125,000)
Prepayments (69,769,000) (34,559,000)
Retirement of junior subordinated debentures (3,955,000) (1,762,000)
Payment of cash dividends on common and preferred stock (1,981,541) (782,054) (1,964,608)
Proceeds from issuance of common stock, net 2,105,774 1,552,673 620,641
Redemption of 29,867 shares of Series F Noncumulative Perpetual Preferred Stock, net     29,823,922
Net cash provided by financing activities 154,420,080 39,481,832 100,611,611
Net (decrease) increase in cash and due from banks 28,827,672 3,507,302 (3,715,771)
Cash and due from banks, beginning 41,742,321 38,235,019 41,950,790
Cash and due from banks, ending 70,569,993 41,742,321 38,235,019
Supplemental Disclosures of Cash Flow Information, cash payments for:      
Interest 11,926,012 14,027,512 16,826,619
Income and franchise taxes 10,758,611 2,619,288 4,541,000
Supplemental Schedule of Noncash Investing and Financing Activities:      
Change in accumulated other comprehensive income, unrealized gains (losses) on securities available for sale and derivative instruments, net (335,760) (188,613) 11,708,770
Exchange of shares of common stock in connection with payroll taxes for restricted stock and options exercised (568,875) (68,706) (177,984)
Tax benefit of nonqualified stock options exercised 394,149 93,096 42,954
Transfers of loans to other real estate owned 51,000 1,577,060 5,594,256
Due from broker for sales of securities 2,290,930
Due to broker for purchases of securities 2,655,492
Tax basis adjustment related to the acquisition of noncontrolling interest in m2 Lease Funds 2,132,415
Decrease (increase) in the fair market value of interest rate swap assets and liabilities 706,244 (1,568,548) (59,588)
Dividends payable 522,573 468,583 315,955
Consideration paid:      
Goodwill 13,110,913 3,222,688 3,222,688
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)
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 29,828,916    
Community State Bank Acquisition [Member]      
Fair value of assets acquired:      
Cash and due from banks * 10,094,645    
Federal funds sold 698,000    
Interest-bearing deposits at financial institutions 14,730,157    
Securities 102,640,029    
Loans/leases receivable, net 419,029,277    
Premises and equipment, net 20,684,880    
Core deposit intangible 6,352,653    
Restricted investment securities 1,512,900    
Other real estate owned 650,000    
Other assets 5,283,937    
Total assets acquired 581,676,478    
Fair value of liabilities assumed:      
Deposits 486,298,262    
FHLB advances 20,368,877    
Other liabilities 4,897,564    
Total liabilities assumed 511,564,703    
Net assets acquired 70,111,775    
Consideration paid:      
Cash paid * 80,000,000    
Total consideration paid 80,000,000    
Goodwill $ 9,888,225