XML 17 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 40,867,054 $ 34,290,617
Interest-bearing deposits at other financial institutions 24,833,385 34,457,691
Federal funds sold 18,398,000 0
Total cash and cash equivalents 84,098,439 68,748,308
Securities available for sale 115,534,979 129,421,914
Restricted investments, at cost 6,080,700 5,627,950
Loans, net of allowance for loan losses of $5,392,606 at September 30, 2017 and $5,105,255 at December 31, 2016 866,286,380 808,271,003
Bank premises and equipment, net 33,777,723 30,535,594
Foreclosed assets 2,887,556 2,386,239
Goodwill and core deposit intangible, net 7,414,120 6,635,655
Cash surrender value of life insurance 11,483,915 1,320,723
Other assets 8,258,028 9,508,899
Total assets 1,135,821,840 1,062,456,285
Deposits:    
Noninterest-bearing demand deposits 185,385,953 153,482,650
Interest-bearing demand deposits 156,953,397 162,702,457
Money market and savings deposits 306,357,476 274,604,724
Time deposits 311,490,253 316,275,340
Total deposits 960,187,079 907,065,171
Securities sold under agreement to repurchase 26,541,772 26,621,984
Federal Home Loan Bank advances and other borrowings 6,000,000 18,505,390
Accrued expenses and other liabilities 6,505,401 5,023,600
Total liabilities 999,234,252 957,216,145
Stockholders' equity:    
Preferred stock - $1 par value; 2,000,000 shares authorized; None issued and outstanding as of 9/30/2017; 12,000 issued and outstanding in 2016. 0 12,000
Common stock - $1 par value; 40,000,000 shares authorized; 8,243,256 and 5,896,033 shares issued and outstanding in 2017 and 2016, respectively 8,243,256 5,896,033
Additional paid-in capital 107,064,832 83,463,051
Retained earnings 21,653,303 16,871,296
Accumulated other comprehensive loss (373,803) (1,002,240)
Total stockholders' equity 136,587,588 105,240,140
Total liabilities and stockholders' equity $ 1,135,821,840 $ 1,062,456,285