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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 54,553,718 $ 34,290,617
Interest-bearing deposits at other financial institutions 28,281,708 34,457,691
Total cash and cash equivalents 82,835,426 68,748,308
Securities available for sale 132,761,710 129,421,914
Restricted investments, at cost 6,080,700 5,627,950
Loans, net of allowance for loan losses of $5,498,169 at June 30, 2017 and $5,105,255 at December 31, 2016 859,922,516 808,271,003
Bank premises and equipment, net 33,764,516 30,535,594
Foreclosed assets 2,369,056 2,386,239
Goodwill and core deposit intangible, net 7,492,177 6,635,655
Cash surrender value of life insurance 11,391,637 1,320,723
Other assets 8,861,374 9,508,899
Total assets 1,145,479,112 1,062,456,285
Deposits:    
Noninterest-bearing demand deposits 183,324,236 153,482,650
Interest-bearing demand deposits 156,149,846 162,702,457
Money market and savings deposits 324,014,445 274,604,724
Time deposits 318,146,778 316,275,340
Total deposits 981,635,305 907,065,171
Securities sold under agreement to repurchase 22,945,984 26,621,984
Federal Home Loan Bank advances and other borrowings 0 18,505,390
Accrued expenses and other liabilities 6,163,812 5,023,600
Total liabilities 1,010,745,101 957,216,145
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; 8,219,261 and 5,896,033 shares issued and outstanding in 2017 and 2016, respectively 8,219,261 5,896,033
Additional paid-in capital 106,793,832 83,463,051
Retained earnings 19,968,434 16,871,296
Accumulated other comprehensive loss (247,516) (1,002,240)
Total stockholders' equity 134,734,011 105,240,140
Total liabilities and stockholders' equity $ 1,145,479,112 $ 1,062,456,285