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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 22,093,186 $ 34,290,617
Interest-bearing deposits at other financial institutions 33,454,535 34,457,691
Total cash and cash equivalents 55,547,721 68,748,308
Securities available for sale 137,132,626 129,421,914
Restricted investments, at cost 5,627,950 5,627,950
Loans, net of allowance for loan losses of $5,152,261 at March 31, 2017 and $5,105,255 at December 31, 2016 802,387,400 808,271,003
Bank premises and equipment, net 30,802,210 30,535,594
Foreclosed assets 2,370,556 2,386,239
Goodwill and core deposit intangible, net 6,583,077 6,635,655
Other assets 10,634,241 10,829,622
Total assets 1,051,085,781 1,062,456,285
Deposits:    
Noninterest-bearing demand deposits 160,672,567 153,482,650
Interest-bearing demand deposits 167,433,130 162,702,457
Money market and savings deposits 274,993,376 274,604,724
Time deposits 286,600,177 316,275,340
Total deposits 889,699,250 907,065,171
Securities sold under agreement to repurchase 23,153,397 26,621,984
Federal Home Loan Bank advances and other borrowings 60,000 18,505,390
Accrued expenses and other liabilities 5,622,319 5,023,600
Total liabilities 918,534,966 957,216,145
Stockholders' equity:    
Preferred stock - $1 par value; 2,000,000 shares authorized; None issued and outstanding in 2017. 12,000 issued and outstanding in 2016. 0 12,000
Common stock - $1 par value; 40,000,000 shares authorized; 8,211,102 and 5,896,033 shares issued and outstanding in 2017 and 2016, respectively 8,211,102 5,896,033
Additional paid-in capital 106,702,972 83,463,051
Retained earnings 18,320,147 16,871,296
Accumulated other comprehensive loss (683,406) (1,002,240)
Total stockholders' equity 132,550,815 105,240,140
Total liabilities and stockholders' equity $ 1,051,085,781 $ 1,062,456,285