XML 109 R97.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Parent Information (Details 2) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 5,798,808 $ 1,509,712
Adjustments to reconcile net income to net cash used in operating activities:    
Other 3,918,803 (1,200,552)
Net cash provided by operating activities 11,590,741 2,341,425
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock 803,957 4,043,011
Payment of dividends on preferred stock (752,000) (120,000)
Net cash provided by financing activities 31,506,275 38,824,705
CASH FLOWS FROM INVESTING ACTIVITIES    
Net cash used in investing activities (54,313,341) (7,937,911)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (11,216,325) 33,228,219
CASH AND CASH EQUIVALENTS, beginning of year 79,964,633 46,736,414
CASH AND CASH EQUIVALENTS, end of year 68,748,308 79,964,633
Parent [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 5,799,000 1,510,000
Adjustments to reconcile net income to net cash used in operating activities:    
Equity in undistributed income of subsidiary (3,520,000) (2,993,000)
Other 1,234,000 (247,000)
Net cash provided by operating activities 3,513,000 (1,730,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of note payable 0 6,000,000
Repayment of note payable (2,000,000) (4,000,000)
Proceeds from issuance of common stock 804,000 4,043,000
Payment of dividends on preferred stock (752,000) (120,000)
Net cash provided by financing activities (1,948,000) 5,923,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of Cornerstone Bancshares, Inc. 0 (4,166,000)
Net cash used in investing activities 0 (4,166,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,565,000 27,000
CASH AND CASH EQUIVALENTS, beginning of year 503,000 476,000
CASH AND CASH EQUIVALENTS, end of year $ 2,068,000 $ 503,000