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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating activities:    
Net income $ 18,804,598 $ 9,876,571
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization/accretion of premium/discount on securities 3,879,647 3,673,938
Depreciation and amortization 4,923,028 5,650,951
Provision for loan losses 1,668,317 12,726,327
Gain on mortgage loan sales, net (2,951,255) (1,398,635)
(Gain) loss on sale of investment securities, net (212,517) (451,199)
Stock-based compensation expense 2,922,294 2,542,367
Deferred tax benefit 1,664,563 (568,101)
Losses on dispositions of other real estate and other investments 7,222,829 6,107,869
Excess tax benefit from stock compensation (11,243) (7,117)
Mortgage loans held for sale:    
Loans originated (222,373,087) (136,038,263)
Loans sold 224,388,000 139,486,474
Decrease in other assets 18,852,041 19,894,737
(Decrease) increase in other liabilities (2,652,747) 4,078,621
Net cash provided by operating activities 56,124,468 65,574,540
Activities in securities available-for-sale:    
Purchases (37,244,793) (69,910,259)
Sales 32,632,321 51,116,046
Maturities, prepayments and calls 106,431,284 118,391,346
Activities in securities held-to-maturity:    
Maturities, prepayments and calls 1,575,000 1,584,999
Increase in loans, net (166,516,932) (32,148,545)
Purchases of software, premises and equipment (1,940,817) (1,329,819)
Other investments (1,149,065) (255,349)
Net cash (used in) provided by investing activities (66,213,002) 67,448,419
Financing activities:    
Net increase (decrease) in deposits 55,480,883 (71,503,872)
Net decrease in securities sold under agreements to repurchase (3,968,857) (21,780,716)
Advances from Federal Home Loan Bank:    
Issuances 285,000,000 0
Payments/maturities (240,035,833) (10,156,762)
Increase in other borrowings 25,000,000 0
Exercise of common stock options and stock appreciation rights 633,487 451,739
Excess tax benefit from stock compensation 11,243 7,117
Preferred dividends paid (2,127,605) (2,375,000)
Repurchase of preferred shares outstanding (71,250,000) 0
Net cash provided by (used in) financing activities 48,743,318 (105,357,494)
Net increase in cash and cash equivalents 38,654,785 27,665,465
Cash and cash equivalents, beginning of period 172,163,040 188,586,181
Cash and cash equivalents, end of period $ 210,817,824 $ 216,251,646