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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income:    
Loans, including fees $ 93,217,947 $ 74,404,204
Securities:    
Taxable 6,433,088 4,466,834
Tax-exempt 1,677,581 1,493,757
Federal funds sold and other 814,317 609,587
Total interest income 102,142,933 80,974,382
Interest expense:    
Deposits 8,118,914 4,915,563
Securities sold under agreements to repurchase 49,766 48,050
Federal Home Loan Bank advances and other borrowings 5,207,380 2,108,092
Total interest expense 13,376,060 7,071,705
Net interest income 88,766,873 73,902,677
Provision for loan losses 3,651,022 3,893,570
Net interest income after provision for loan losses 85,115,851 70,009,107
Noninterest income:    
Service charges on deposit accounts 3,855,483 3,442,684
Investment services 2,821,834 2,345,600
Insurance sales commissions 1,858,890 1,705,859
Gain on mortgage loans sold, net 4,154,952 3,567,551
Investment gains on sales, net 0 0
Trust fees 1,705,279 1,580,612
Income from equity method investment 7,822,737 5,147,524
Other noninterest income 8,162,419 8,065,880
Total noninterest income 30,381,594 25,855,710
Noninterest expense:    
Salaries and employee benefits 38,352,184 32,516,856
Equipment and occupancy 9,674,658 8,130,464
Other real estate expense (benefit), net 251,973 112,272
Marketing and other business development 1,879,206 1,263,361
Postage and supplies 1,196,445 957,087
Amortization of intangibles 1,196,129 873,215
Merger related expense 672,016 1,829,472
Other noninterest expense 8,830,765 8,380,969
Total noninterest expense 62,053,376 54,063,696
Income before income taxes 53,444,069 41,801,121
Income tax expense 13,791,022 13,835,857
Net income $ 39,653,047 $ 27,965,264
Per share information:    
Basic net income per common share (in dollars per share) $ 0.83 $ 0.70
Diluted net income per common share (in dollars per share) $ 0.82 $ 0.68
Weighted average shares outstanding:    
Basic (in shares) 48,022,342 40,082,805
Diluted (in shares) 48,517,920 40,847,027