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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net income $ 8,766,017 $ 6,676,467 $ 17,950,982 $ 13,049,956
Unrealized gains on securities available for sale:        
Unrealized holding gains arising during the period before tax 1,170,310 2,081,800 1,768,500 6,945,518
Less reclassification adjustment for gains included in net income before tax 38,464 18,030 38,464 376,510
1,131,846 2,063,770 1,730,036 6,569,008
Unrealized losses on interest rate cap derivatives:        
Unrealized holding losses arising during the period before tax (132,352) (159,691) (177,554) (549,627)
Less reclassification adjustment for ineffectiveness and caplet amortization before tax (136,639) 20,154 (259,452) 35,591
4,287 (179,845) 81,898 (585,218)
Other comprehensive income, before tax 1,136,133 1,883,925 1,811,934 5,983,790
Tax expense 434,394 703,292 699,456 2,277,746
Other comprehensive income, net of tax 701,739 1,180,633 1,112,478 3,706,044
Comprehensive income $ 9,467,756 $ 7,857,100 $ 19,063,460 $ 16,756,000