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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Details        
Interest Income $ 53,048,658 $ 45,634,069 $ 153,477,699 $ 131,916,120
Interest Expense 5,147,181 3,432,150 14,224,492 10,005,841
NET INTEREST INCOME 47,901,477 42,201,919 139,253,207 121,910,279
Provision for loan losses 15,276,415 10,211,067 39,784,720 25,382,742
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 32,625,062 31,990,852 99,468,487 96,527,537
NET INSURANCE INCOME        
Premiums and Commissions 12,634,439 11,464,393 36,459,276 32,530,460
Insurance Claims and Expenses 3,446,332 3,215,749 9,848,881 8,497,233
Total Net Insurance Income 9,188,107 8,248,644 26,610,395 24,033,227
OTHER REVENUE 1,534,995 1,423,600 4,202,097 3,899,369
OTHER OPERATING EXPENSES:        
Personnel Expense 24,071,344 21,663,177 70,683,676 66,094,449
Occupancy Expense 4,570,912 4,344,865 13,547,995 12,839,274
Other Expense 10,288,739 8,613,436 31,542,886 25,933,033
Operating Expenses, Total 38,930,995 34,621,478 115,774,557 104,866,756
INCOME BEFORE INCOME TAXES 4,417,169 7,041,618 14,506,422 19,593,377
Provision for Income Taxes 983,086 833,099 2,707,089 2,411,017
Net Income (Loss) $ 3,434,083 $ 6,208,519 $ 11,799,333 $ 17,182,360
BASIC EARNINGS PER SHARE        
170,000 Shares Outstanding for All Periods (1,700 voting, 168,300 non-voting) $ 20.20 $ 36.52 $ 69.41 $ 101.07