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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
INTEREST INCOME    
Loans, including fees $ 39,763,582 $ 25,730,909
Securities and interest bearing deposits at other financial institutions 2,553,652 1,861,269
Federal funds sold and other earning assets 247,157 161,055
Total interest income 42,564,391 27,753,233
INTEREST EXPENSE    
Deposits 4,105,304 2,625,674
Securities sold under agreements to repurchase 65,276 30,382
Federal Home Loan Bank advances and other borrowings 129,102 101,086
Total interest expense 4,299,682 2,757,142
Net interest income before provision for loan losses 38,264,709 24,996,091
Provision for loan losses 787,545 922,955
Net interest income after provision for loan losses 37,477,164 24,073,136
NONINTEREST INCOME    
Customer service fees 1,127,814 912,806
Gain on sale of securities 199,587 52,255
Gain (loss) on sale of loans and other assets 948,080 (112,319)
Gain on sale of foreclosed assets 191,050 266,487
Other noninterest income 1,716,794 1,123,897
Total noninterest income 4,183,325 2,243,126
NONINTEREST EXPENSES    
Salaries and employee benefits 17,715,222 11,831,234
Net occupancy and equipment expense 3,995,631 2,682,370
Depository insurance 605,917 487,686
Foreclosed assets 236,148 289,624
Advertising 615,751 452,849
Data processing 1,893,386 1,196,484
Professional services 2,122,845 2,454,339
Amortization of intangible assets 305,452 233,204
Service contracts 1,154,003 750,957
Other operating expenses 3,855,246 2,787,059
Total noninterest expenses 32,499,601 23,165,806
Income before income tax expense 9,160,888 3,150,456
Income tax expense 3,362,080 1,640,744
Net income 5,798,808 1,509,712
Preferred stock dividends 1,022,000 120,000
Net income available to common stockholders $ 4,776,808 $ 1,389,712
EARNINGS PER COMMON SHARE    
Basic (in dollars per share) $ 0.82 $ 0.35
Diluted (in dollars per share) $ 0.78 $ 0.32
Weighted average common shares outstanding    
Basic (in shares) 5,838,574 3,985,202
Diluted (in shares) 6,118,943 4,281,509