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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 9,184,965 $ 6,373,489
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 896,952 766,069
Provision for loan/lease losses 2,105,109 2,072,985
Stock-based compensation expense 388,753 382,761
Deferred compensation expense accrued 404,723 318,796
Losses (gains) on other real estate owned, net (7,740)
Amortization of premiums on securities, net 347,178 294,286
Securities gains, net (358,480)
Loans originated for sale (21,416,325) (18,901,618)
Proceeds on sales of loans 22,547,789 19,640,997
Gains on sales of residential real estate loans (96,323) (60,386)
Gains on sales of government guaranteed portions of loans (950,641) (878,528)
Losses on debt extinguishment, net 83,197
Amortization of core deposit intangible 230,867 49,878
Accretion of acquisition fair value adjustments, net (1,915,001) (44,169)
Increase in cash value of bank-owned life insurance (469,687) (393,609)
Decrease (increase) in other assets 5,427,798 (9,295,660)
Increase (decrease) in other liabilities (5,852,341) 5,079,831
Net cash provided by operating activities 10,833,816 5,122,099
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease in federal funds sold 6,459,000 4,110,000
Net increase in interest-bearing deposits at financial institutions (93,471,781) (5,175,206)
Proceeds from sales of other real estate owned 34,191 494,115
Activity in securities portfolio:    
Purchases (12,138,040) (45,070,780)
Calls, maturities and redemptions 17,385,968 47,573,001
Paydowns 8,486,628 6,428,508
Sales 55,526,851
Activity in restricted investment securities:    
Purchases (7,600) (485,250)
Redemptions 1,315,500
Net increase in loans/leases originated and held for investment (29,236,438) (76,346,066)
Purchase of premises and equipment (1,396,902) (1,558,171)
Net cash used in investing activities (102,569,474) (14,502,998)
Calls and maturities (4,000,000) (7,000,000)
Net change in short-term and overnight advances (26,950,000) 16,500,000
Prepayments (10,524,197)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposit accounts 136,704,261 108,903,515
Net decrease in short-term borrowings (20,501,291) (80,639,905)
Activity in other borrowings:    
Calls, maturities and scheduled principal payments (8,000,000)
Prepayments (10,759,000)
Retirement of junior subordinated debentures (3,955,000)
Payment of cash dividends on common stock (522,574) (468,583)
Proceeds from issuance of common stock, net 761,238 512,584
Net cash provided by financing activities 77,491,634 12,569,414
Net increase (decrease) in cash and due from banks (14,244,024) 3,188,515
Cash and due from banks, beginning 70,569,993 41,742,321
Cash and due from banks, ending 56,325,969 44,930,836
Supplemental disclosure of cash flow information, cash payments for:    
Interest 3,747,218 2,944,839
Income/franchise taxes, net 4,842 2,464,300
Supplemental schedule of noncash investing activities:    
Change in accumulated other comprehensive income, unrealized gains on securities available for sale and derivative instruments, net 410,739 2,525,411
Exchange of shares of common stock in connection with payroll taxes for restricted stock and in connection with stock options exercised (290,290) (451,434)
Tax benefit of nonqualified stock options exercised 22,508
Transfers of loans to other real estate owned 136,450 16,000
Due to broker for purchases of securities (20,104,340)
Dividends payable 656,574 470,873
Decrease (increase) in the fair market value of interest rate swap assets and liabilities $ 303,383 $ (4,615,782)