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Consolidated Statements Of Cash Flows (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 4,938,348 $ 8,874,881
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation 1,079,702 1,097,667
Amortization of servicing rights, premiums and discounts -net (2,951,454) 537,245
Net gain on sale of loans (323,962) (337,311)
Amortization of core deposit intangible 209,109 283,856
Provision for loan losses 3,320,000 2,730,000
Proceeds from sales of loans held for sale 16,020,441 16,848,451
Originations of loans held for sale (15,799,066) (16,623,709)
Increase in cash surrender value of life insurance (232,119) (234,495)
(Gain)/loss on disposal of fixed assets (5,550) 781
Gain on sale of other real estate owned (460,034) (388,769)
Net change in:    
Accrued interest receivable and other assets (579,990) 3,475,460
Accrued interest payable and other liabilities 573,459 (8,312,075)
Net Cash Flows Provided by Operating Activities 5,788,884 7,951,982
CASH FLOWS FROM INVESTING ACTIVITIES    
Maturities, prepayments and calls 49,068,685 87,554,589
Purchases (136,768,094) (67,597,314)
Net decrease in loans 17,333,004 8,406,340
Purchases of premises and equipment – net (427,740) (564,373)
Proceeds from sales of premises and equipment 9,952  
Proceeds from sale of other real estate owned 4,844,004 4,687,874
Net Cash Flows Provided by/(Used In) Investing Activities (65,940,189) 32,487,116
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in deposits (35,473,708) (42,866,318)
Net change in federal funds purchased and securities sold under repurchase agreements 1,026,327  
Net change in other borrowings (3,693,729) (1,253,447)
Dividends paid   (5,342,949)
Net Cash Flows Used in Financing Activities (38,141,110) (49,462,714)
Net Change in Cash and Cash Equivalents (98,292,415) (9,023,616)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 128,070,730 100,102,542
CASH AND CASH EQUIVALENTS - END OF PERIOD 29,778,315 91,078,926
Non Cash Transactions:    
Loans receivable transferred to other real estate owned 7,542,207 3,521,589
Mortgage servicing rights resulting from sale of loans 102,587 112,569
Supplemental Cash Flow Disclosures:    
Cash paid for interest 2,563,847 3,894,632
Cash paid for income taxes $ 2,630,000 $ 8,180,000