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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 4,731,249 $ 3,414,771  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (560,383) (645,364)  
Provision for loan losses 797,129 688,796 $ 2,936,000
Stock compensation expense 143,389 103,177  
Deferred income tax expense 1,038,865 1,315,696  
Income on bank owned life insurance (158,027) (150,066)  
Loss on disposal of fixed assets 6,961 40,956  
Net gains from sale of loans and other assets (281,903) (325,345)  
Net losses from sale of foreclosed assets 25,558 146,540  
Loans originated for sale (16,804,564) (10,213,891)  
Proceeds from sale of loans originated for sale 16,061,157 11,217,169  
Changes in other assets and liabilities:      
Accrued interest receivable (1,092,865) (352,171)  
Accrued interest payable 747,512 21,507  
Other assets and liabilities 3,040,906 (2,618,866)  
Net cash provided by operating activities 7,694,984 2,642,909  
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from sales, maturities, and paydowns of securities available-for-sale 8,172,785 5,007,826  
Purchase of securities available-for-sale (1,053,710) (11,239,649)  
Purchase of restricted investments (898,950) (1,377,600)  
Loan originations and principal collections, net (61,010,912) (50,058,787)  
Purchase of bank premises and equipment (1,296,250) (1,830,300)  
Proceeds from sale of foreclosed assets 458,157 320,417  
Net cash used in investing activities (55,628,880) (59,178,093)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in deposits 72,166,029 60,954,797  
Net decrease in securities sold under agreements to repurchase (4,686,255) (8,086,929)  
Issuance of common stock 263,714 950,521  
Proceeds from Federal Home Loan Bank advances and other borrowings 50,094,474 65,000,000  
Repayment of Federal Home Loan Bank advances and other borrowings (52,732,090) (78,600,000)  
Net cash provided by financing activities 65,105,872 40,218,389  
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 17,171,976 (16,316,795)  
CASH AND CASH EQUIVALENTS, beginning of year 115,822,459 113,026,884 113,026,884
CASH AND CASH EQUIVALENTS, end of period 132,994,435 96,710,089 $ 115,822,459
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid during the period for interest 5,197,783 2,545,226  
NONCASH INVESTING AND FINANCING ACTIVITIES      
Change in unrealized losses on securities available for sale (3,030,984) 1,817,388  
Acquisition of real estate through foreclosure 54,520 135,038  
Financed sales of foreclosed assets 0 257,416  
Change in goodwill due to acquisition $ 0 $ 10,778