XML 14 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 45,906,750 $ 40,358,647
Interest-bearing deposits at other financial institutions 17,921,122 33,405,986
Federal funds sold 5,105,000 6,200,000
Total cash and cash equivalents 68,932,872 79,964,633
Securities available for sale 157,560,615 166,413,218
Restricted investments, at cost 4,451,250 4,451,050
Loans, net of allowance for loan losses of $4,527,547 at March 31, 2016 and $4,354,513 at December 31, 2015 736,412,390 723,360,786
Bank premises and equipment, net 25,679,675 25,037,510
Foreclosed assets 5,132,706 5,357,950
Goodwill and core deposit intangible, net 6,847,754 6,941,107
Other assets 11,206,876 12,436,625
Total assets 1,016,224,138 1,023,962,879
Deposits:    
Noninterest-bearing demand deposits 132,481,514 131,418,580
Interest-bearing demand deposits 161,453,751 149,423,954
Money market and savings deposits 241,499,943 236,900,945
Time deposits 323,676,013 340,739,072
Total deposits 859,111,221 858,482,551
Securities sold under agreement to repurchase 20,747,022 28,068,215
Federal Home Loan Bank advances and other borrowings 30,125,169 34,187,462
Accrued expenses and other liabilities 4,252,577 3,047,792
Total liabilities 914,235,989 923,786,020
Stockholders' equity:    
Preferred stock - $1 par value; 2,000,000 shares authorized; 12,000 issued and outstanding in 2016 and 2015 12,000 12,000
Common stock - $1 par value; 40,000,000 shares authorized; 5,817,204 and 5,806,477 shares issued and outstanding in 2016 and 2015, respectively 5,817,204 5,806,477
Additional paid-in capital 82,716,630 82,616,015
Retained earnings 13,231,351 12,094,488
Accumulated other comprehensive income (loss) 210,964 (352,121)
Total stockholders' equity 101,988,149 100,176,859
Total liabilities and stockholders' equity $ 1,016,224,138 $ 1,023,962,879