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Consolidated Statements Of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 9,516,205 $ 14,310,042 $ 22,077,454
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation 2,149,444 2,250,653 2,247,216
(Accretion) amortization of servicing rights, premiums and discounts (6,696,585) (10,373,438) 928,315
Gain on sale of loans (1,248,797) (1,421,550) (2,320,738)
Amortization of other intangibles 418,219 567,713 111,934
Provision for loan losses 8,370,000 6,930,000 3,705,555
Expense (Benefit) for deferred income taxes (1,170,000) (4,684,000) 7,405,000
Proceeds from sales of loans held for sale 56,224,575 66,009,353 120,244,292
Originations of loans held for sale (55,365,375) (64,983,128) (118,815,640)
Increase in cash surrender value of life insurance (467,458) (471,581) (505,093)
(Gain) loss on other real estate owned (700,534) (1,376,007) 377,876
Gain on disposal of premises and equipment (26,250) (72,109)  
Net gain on acquisition     (21,474,123)
Net change in:      
Accrued interest receivable and other assets (503,139) 6,298,979 (5,990,417)
Payable for investments purchased 17,165,797    
Accrued interest payable and other liabilities 727,108 (5,743,500) 1,747,089
Net Cash Flows Provided by Operating Activities 28,393,210 7,241,427 9,738,720
Activity in held to maturity securities:      
Maturities, prepayments and calls 246,482,676 182,949,588 66,737,249
Purchases (380,118,180) (221,817,712) (141,440,231)
Net decrease in loans 29,953,612 40,659,828 1,046,334
Purchases of premises and equipment - net (987,490) (2,858,680) (1,163,882)
Proceeds from sale of other real estate owned 9,013,104 9,317,897 1,724,575
Proceeds from sales of premises and equipment 38,900 380,090  
Net cash received in FDIC assisted transactions     58,550,538
Net Cash Flows Provided by (Used) in Investing Activities (95,617,378) 8,631,011 (14,545,417)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in deposits 52,032,610 30,463,595 65,015,680
Net change in other borrowings (4,815,964) 3,003,948 (3,450,858)
Dividends paid   (21,371,793) (9,617,416)
Net Cash Flows Provided by in Financing Activities 47,216,646 12,095,750 51,947,406
Net Change in Cash and Cash Equivalents (20,007,522) 27,968,188 47,140,709
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR 128,070,730 100,102,542 52,961,833
CASH AND CASH EQUIVALENTS - END OF YEAR 108,063,208 128,070,730 100,102,542
SUPPLEMENTAL CASH FLOW DISCLOSURES      
Cash paid for interest 4,692,288 5,911,953 7,561,377
Cash paid for income taxes 5,480,000 13,835,860 5,817,207
Loans receivable transferred to other real estate owned 10,256,043 8,667,614 3,776,798
Mortgage servicing rights resulting from sales of loans 389,597 395,325 892,086
Dividends accrued not paid 1,870,029    
Non cash assets acquired:      
Investment securities     8,755,001
Loans, net of discount     196,673,404
Other real estate owned     2,897,581
Other intangibles, net     2,103,000
Mortgage servicing assets     920,772
Other assets     1,172,786
Total noncash assets acquired     212,522,544
Liabilities assumed:      
Deposits     245,289,855
Other borrowings     1,351,820
Accrued expenses and other liabilities     11,568,409
Total liabilities assumed     258,210,084
Net non-cash liabilities acquired     (45,687,540)
Cash and cash equivalents acquired     58,550,538
After-tax gain recorded on acquisition     $ 12,862,998