XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 77,161,353 $ 70,569,993
Federal funds sold 19,183,000 22,257,000
Interest-bearing deposits at financial institutions 53,171,325 63,948,925
Securities held to maturity, at amortized cost 324,203,634 322,909,056
Securities available for sale, at fair value 269,281,713 251,113,139
Total securities 593,485,347 574,022,195
Loans receivable held for sale 705,800 1,135,500
Loans/leases receivable held for investment 2,552,859,808 2,404,351,485
Gross loans/leases receivable 2,553,565,608 2,405,486,985
Less allowance for estimated losses on loans/leases (33,356,632) (30,757,448)
Net loans/leases receivable 2,520,208,976 2,374,729,537
Bank-owned life insurance 58,186,098 57,257,051
Premises and equipment, net 61,218,425 60,643,508
Restricted investment securities 16,103,925 14,997,025
Other real estate owned, net 5,173,521 5,523,104
Goodwill 13,110,913 13,110,913
Core deposit intangible 6,919,480 7,381,213
Other assets 33,264,332 37,503,284
Total assets 3,457,186,695 3,301,943,748
Deposits:    
Noninterest-bearing 760,624,943 797,415,090
Interest-bearing 2,109,609,296 1,871,846,183
Total deposits 2,870,234,239 2,669,261,273
Short-term borrowings 18,217,393 39,971,387
Federal Home Loan Bank advances 106,500,000 137,500,000
Other borrowings 72,000,000 80,000,000
Junior subordinated debentures 33,546,425 33,480,202
Other liabilities 51,605,203 55,690,087
Total liabilities 3,152,103,260 3,015,902,949
STOCKHOLDERS' EQUITY    
Preferred stock, $1 par value; shares authorized 250,000 June 2017 and December 2016 - No shares issued or outstanding
Common stock, $1 par value; shares authorized 20,000,000 June 2017 - 13,175,234 shares issued and outstanding December 2016 - 13,106,845 shares issued and outstanding 13,175,234 13,106,845
Additional paid-in capital 158,001,006 156,776,642
Retained earnings 135,254,306 118,616,901
Accumulated other comprehensive loss:    
Securities available for sale (468,190) (1,527,433)
Interest rate cap derivatives (878,921) (932,156)
Total stockholders' equity 305,083,435 286,040,799
Total liabilities and stockholders' equity $ 3,457,186,695 $ 3,301,943,748