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Consolidated Statements Of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES  
Net Income$ 7,382,726$ 12,629,267
Adjustments to reconcile net income to net cash flows provided by operating activities:  
Depreciation1,645,5531,712,516
Amortization of servicing rights, premiums and discounts -net(4,458,795)908,371
Net gain on sale of loans(605,593)(652,149)
Amortization of core deposit intangible313,664425,784
Provision for loan losses5,370,0004,130,000
Proceeds from sales of loans held for sale29,460,82333,586,566
Originations of loans held for sale(29,035,265)(33,145,073)
Increase in cash surrender value of life insurance(351,150)(353,660)
Gain on disposal of fixed assets(14,950)(38,620)
Gain on sale of other real estate owned(614,372)(1,074,657)
Net change in:  
Accrued interest receivable and other assets(594,174)5,987,201
Accrued interest payable and other liabilities1,943,840(8,820,776)
Net Cash Flows Provided by Operating Activities10,442,30715,294,770
Activity in held to maturity securities:  
Maturities, prepayments and calls184,897,677155,199,588
Purchases(235,315,885)(155,257,830)
Net decrease in loans21,515,96713,465,836
Proceeds from sales of premises and equipment27,600216,998
Purchases of premises and equipment –net(750,589)(2,549,111)
Proceeds from sale of other real estate owned6,973,0046,614,267
Net Cash Flows Provided by/(Used In) Investing Activities(22,652,226)17,689,748
CASH FLOWS FROM FINANCING ACTIVITIES  
Net decrease in deposits(30,703,310)(42,600,701)
Net change in other borrowings(2,611,971)(1,102,779)
Dividends paid (8,014,361)
Net Cash Flows Used in Financing Activities(33,315,281)(51,717,841)
Net Change in Cash and Cash Equivalents(45,525,200)(18,733,323)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD128,070,730100,102,542
CASH AND CASH EQUIVALENTS - END OF PERIOD82,545,53081,369,219
Non Cash Transactions:  
Loans receivable transferred to other real estate owned9,591,0435,372,615
Mortgage servicing rights resulting from sale of loans180,035210,656
Supplemental Cash Flow Disclosures:  
Cash paid for interest3,674,1245,709,896
Cash paid for income taxes$ 3,180,000$ 11,880,000