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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 47,667,920 $ 40,015,438
Interest-bearing deposits at other financial institutions 85,326,515 75,807,021
Total cash and cash equivalents 132,994,435 115,822,459
Securities available-for-sale, at fair value 198,272,685 201,687,683
Restricted investments, at cost 12,397,950 11,499,000
Loans, net of allowance for loan losses of $8,704,413 at March 31, 2019 and $8,275,055 at December 31, 2018 1,831,864,834 1,768,963,569
Bank premises and equipment, net 56,582,528 56,012,184
Foreclosed assets 2,066,263 2,495,458
Goodwill and core deposit intangible, net 78,690,076 79,033,607
Cash surrender value of life insurance 24,539,512 24,381,485
Other assets 16,572,478 14,513,890
Total assets 2,353,980,761 2,274,409,335
Deposits:    
Noninterest-bearing demand deposits 329,095,443 319,861,237
Interest-bearing demand deposits 331,628,819 311,482,434
Money market and savings deposits 698,430,851 641,944,880
Time deposits 635,175,084 648,675,440
Total deposits 1,994,330,197 1,921,963,991
Securities sold under agreement to repurchase 7,069,668 11,755,923
Federal Home Loan Bank advances and other borrowings 8,604,917 11,242,533
Subordinated debt 39,198,068 39,176,947
Accrued expenses and other liabilities 14,297,108 7,258,460
Total liabilities 2,063,499,958 1,991,397,854
Shareholders' equity:    
Preferred stock - $1 par value; 2,000,000 shares authorized; None issued and outstanding as of March 31, 2019 and December 31, 2018 0 0
Common stock - $1 par value; 40,000,000 shares authorized; 13,951,590 and 13,933,504 shares issued and outstanding in 2019 and 2018, respectively 13,951,590 13,933,504
Additional paid-in capital 232,240,747 231,851,730
Retained earnings 44,722,239 39,990,990
Accumulated other comprehensive loss (433,773) (2,764,743)
Total shareholders' equity 290,480,803 283,011,481
Total liabilities and shareholders' equity $ 2,353,980,761 $ 2,274,409,335