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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Cash and due from banks $ 41,957,855 $ 38,235,019
Federal funds sold 19,850,000 46,780,000
Interest-bearing deposits at financial institutions 36,098,431 35,334,682
Securities held to maturity, at amortized cost 253,674,159 199,879,574
Securities available for sale, at fair value 323,434,982 451,659,630
Total securities 577,109,141 651,539,204
Loans receivable, held for sale 565,850 553,000
Loans/leases receivable, held for investment 1,797,456,825 1,629,450,070
Gross loans/leases receivable 1,798,022,675 1,630,003,070
Less allowance for estimated losses on loans/leases (26,140,906) (23,074,365)
Net loans/leases receivable 1,771,881,769 1,606,928,705
Bank-owned life insurance 55,485,655 53,723,548
Premises and equipment, net 37,350,352 36,021,128
Restricted investment securities 14,835,925 15,559,575
Other real estate owned, net 7,150,658 12,767,636
Goodwill 3,222,688 3,222,688
Core deposit intangible 1,471,409 1,670,921
Other assets 26,784,392 23,174,994
Total assets 2,593,198,275 2,524,958,100
Deposits:    
Noninterest-bearing 615,292,211 511,991,864
Interest-bearing 1,265,373,973 1,167,676,149
Total deposits 1,880,666,184 1,679,668,013
Short-term borrowings 144,662,716 268,351,670
Federal Home Loan Bank advances 151,000,000 203,500,000
Other borrowings 110,000,000 150,282,492
Junior subordinated debentures 38,499,052 40,423,735
Other liabilities 42,484,573 38,653,681
Total liabilities $ 2,367,312,525 $ 2,380,879,591
Preferred stock, $1 par value; shares authorized 250,000    
December 2015 and 2014 - No shares issued or outstanding
Common stock, $1 par value; shares authorized 20,000,000 $ 11,761,083 $ 8,074,443
December 2014 - 8,074,443 shares issued and 7,953,197 outstanding    
Additional paid-in capital 123,282,851 61,668,968
Retained earnings 92,965,645 77,876,824
Accumulated other comprehensive loss:    
Securities available for sale (1,324,408) (1,535,849)
Interest rate cap derivatives (799,421) (399,367)
Less treasury stock, at cost   (1,606,510)
December 2014 - 121,246 common shares    
Total stockholders' equity 225,885,750 144,078,509
Total liabilities and stockholders' equity $ 2,593,198,275 $ 2,524,958,100