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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 36,715,074 $ 64,097,287
Interest-bearing deposits at other financial institutions 57,891,015 41,965,597
Federal funds sold 2,104,000 6,964,000
Total cash and cash equivalents 96,710,089 113,026,884
Securities available for sale 156,209,802 151,944,567
Restricted investments, at cost 7,808,300 6,430,700
Loans, net of allowance for loan losses of $6,476,719 at March 31, 2018 and $5,860,291 at December 31, 2017 1,367,779,622 1,317,397,909
Bank premises and equipment, net 44,202,080 43,000,249
Foreclosed assets 2,665,057 3,254,392
Goodwill and core deposit intangible, net 50,659,861 50,836,840
Cash surrender value of life insurance 21,796,960 21,646,894
Other assets 12,593,237 13,232,247
Total assets 1,760,425,008 1,720,770,682
Deposits:    
Noninterest-bearing demand deposits 276,248,990 220,520,287
Interest-bearing demand deposits 278,965,430 231,643,508
Money market and savings deposits 491,242,622 543,644,830
Time deposits 453,276,452 442,774,094
Total deposits 1,499,733,494 1,438,582,719
Securities sold under agreement to repurchase 15,967,801 24,054,730
Federal Home Loan Bank advances and other borrowings 30,000,000 43,600,000
Accrued expenses and other liabilities 5,774,798 8,681,393
Total liabilities 1,551,476,093 1,514,918,842
Stockholders' equity:    
Preferred stock - $1 par value; 2,000,000 shares authorized; None issued and outstanding as of March 31,2018 and December 31,2017 0 0
Common stock - $1 par value; 40,000,000 shares authorized; 11,233,806 and 11,152,561 shares issued and outstanding in 2018 and 2017, respectively 11,233,806 11,152,561
Additional paid-in capital 174,981,206 174,008,753
Retained earnings 25,303,346 21,888,575
Accumulated other comprehensive loss (2,569,443) (1,198,049)
Total stockholders' equity 208,948,915 205,851,840
Total liabilities and stockholders' equity $ 1,760,425,008 $ 1,720,770,682