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Consolidated Statements Of Cash Flows (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 5,083,628 $ 4,938,348
Adjustments to reconcile net income to net cash flows (used in) provided by operating activities:    
Depreciation 1,004,380 1,079,702
Amortization of servicing rights, premiums and discounts –net (1,012,802) (2,951,454)
Net gain on sale of loans (1,130,677) (323,962)
Amortization of core deposit intangible 155,106 209,109
Provision for loan losses 3,000,000 3,320,000
Proceeds from sales of loans held for sale 49,107,898 16,020,441
Originations of loans held for sale (48,335,869) (15,799,066)
Increase in cash surrender value of life insurance (330,012) (232,119)
Gain on disposal of fixed assets   (5,550)
Gain on sale of other real estate owned (293,303) (460,034)
Net change in:    
Accrued interest receivable and other assets 536,727 (579,990)
Payable for investments purchased (17,165,797)  
Accrued interest payable and other liabilities 247,811 573,459
Net Cash Flows (Used in) Provided by Operating Activities (9,132,910) 5,788,884
Activity in held to maturity securities:    
Maturities, prepayments and calls 238,812,774 49,068,685
Purchases (216,956,635) (136,768,094)
Net decrease in loans 8,301,027 17,333,004
Purchase of life insurance (15,000,000)  
Purchases of premises and equipment –net (636,625) (427,740)
Proceeds from sales of premises and equipment   9,952
Proceeds from sale of other real estate owned 4,283,900 4,844,004
Net Cash Flows Provided by (Used in) Investing Activities 18,804,441 (65,940,189)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in deposits (46,272,639) (35,473,708)
Net change in federal funds purchased and securities sold under repurchase agreements   1,026,327
Net change in other borrowings   (3,693,729)
Dividends paid (3,740,056)  
Net Cash Flows Used in Financing Activities (50,012,695) (38,141,110)
Net Change in Cash and Cash Equivalents (40,341,164) (98,292,415)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 108,063,208 128,070,730
CASH AND CASH EQUIVALENTS - END OF PERIOD 67,722,044 29,778,315
Non Cash Transactions:    
Loans receivable transferred to other real estate owned 4,189,631 7,542,207
Mortgage servicing rights resulting from sale of loans 358,648 102,587
Cash paid for interest 1,808,830 2,563,847
Cash paid for income taxes $ 3,175,000 $ 2,630,000