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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income:        
Loans, including fees $ 112,319,700 $ 77,043,106 $ 205,537,647 $ 151,447,310
Securities:        
Taxable 8,265,225 4,571,876 14,698,313 9,038,710
Tax-exempt 2,235,517 1,443,017 3,913,098 2,936,774
Federal funds sold and other 922,796 703,706 1,737,113 1,313,293
Total interest income 123,743,238 83,761,705 225,886,171 164,736,087
Interest expense:        
Deposits 10,993,942 5,073,567 19,112,856 9,989,130
Securities sold under agreements to repurchase 78,438 39,532 128,204 87,582
Federal Home Loan Bank advances and other borrowings 6,043,144 3,605,320 11,250,524 5,713,412
Total interest expense 17,115,524 8,718,419 30,491,584 15,790,124
Net interest income 106,627,714 75,043,286 195,394,587 148,945,963
Provision for loan losses 6,812,389 5,280,101 10,463,411 9,173,671
Net interest income after provision for loan losses 99,815,325 69,763,185 184,931,176 139,772,292
Noninterest income:        
Service charges on deposit accounts 4,178,736 3,430,391 8,034,219 6,873,075
Investment services 3,110,088 2,499,719 5,931,922 4,845,319
Insurance sales commissions 1,461,160 1,192,827 3,320,050 2,898,686
Gain on mortgage loans sold, net 4,667,537 4,221,301 8,822,489 7,788,852
Gain on sale of investment securities, net 0 0 0 0
Trust fees 1,677,079 1,491,955 3,382,358 3,072,567
Income from equity method investment 8,754,718 9,644,310 16,577,455 14,791,834
Other noninterest income 11,207,239 10,232,433 19,369,658 18,298,313
Total noninterest income 35,056,557 32,712,936 65,438,151 58,568,646
Noninterest expense:        
Salaries and employee benefits 43,675,551 34,254,147 82,027,735 66,771,003
Equipment and occupancy 10,712,711 8,312,272 20,387,369 16,442,736
Other real estate expense 62,960 222,473 314,933 334,745
Marketing and other business development 2,126,693 1,537,843 4,005,899 2,801,204
Postage and supplies 1,122,251 1,049,842 2,318,696 2,006,929
Amortization of intangibles 1,471,568 846,615 2,667,697 1,719,830
Merger related expense 3,221,060 980,182 3,893,076 2,809,654
Other noninterest expense 9,404,755 8,727,393 18,235,520 17,108,362
Total noninterest expense 71,797,549 55,930,767 133,850,925 109,994,463
Income before income taxes 63,074,333 46,545,354 116,518,402 88,346,475
Income tax expense 19,987,812 15,758,582 33,778,834 29,594,439
Net income $ 43,086,521 $ 30,786,772 $ 82,739,568 $ 58,752,036
Per share information:        
Basic net income per common share (in dollars per share) $ 0.81 $ 0.75 $ 1.64 $ 1.44
Diluted net income per common share (in dollars per share) $ 0.80 $ 0.73 $ 1.62 $ 1.42
Weighted average shares outstanding:        
Basic (in shares) 53,097,776 41,274,450 50,574,079 40,678,669
Diluted (in shares) 53,665,925 41,974,483 51,105,996 41,411,248