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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 56,274,561 $ 70,569,993
Federal funds sold 20,568,000 22,257,000
Interest-bearing deposits at financial institutions 41,221,383 63,948,925
Securities held to maturity, at amortized cost 323,981,227 322,909,056
Securities available for sale, at fair value 259,954,422 251,113,139
Total securities 583,935,649 574,022,195
Loans receivable held for sale 290,320 1,135,500
Loans/leases receivable held for investment 2,676,464,491 2,404,351,485
Gross loans/leases receivable 2,676,754,811 2,405,486,985
Less allowance for estimated losses on loans/leases (34,982,341) (30,757,448)
Net loans/leases receivable 2,641,772,470 2,374,729,537
Bank-owned life insurance 58,614,100 57,257,051
Premises and equipment, net 61,877,754 60,643,508
Restricted investment securities 18,585,400 14,997,025
Other real estate owned, net 5,134,845 5,523,104
Goodwill 13,110,913 13,110,913
Core deposit intangible 6,688,613 7,381,213
Other assets 42,679,406 37,503,284
Total assets 3,550,463,094 3,301,943,748
LIABILITIES AND STOCKHOLDERS' EQUITY    
Noninterest-bearing 715,537,518 797,415,090
Interest-bearing 2,178,730,964 1,871,846,183
Total deposits 2,894,268,482 2,669,261,273
Short-term borrowings 16,010,805 39,971,387
Federal Home Loan Bank advances 169,055,000 137,500,000
Other borrowings 77,500,000 80,000,000
Junior subordinated debentures 33,578,744 33,480,202
Other liabilities 47,011,435 55,690,087
Total liabilities 3,237,424,466 3,015,902,949
STOCKHOLDERS' EQUITY    
Preferred stock, $1 par value; shares authorized 250,000 September 2017 and December 2016 - No shares issued or outstanding 0 0
Common stock, $1 par value; shares authorized 20,000,000 September 2017 - 13,201,959 shares issued and outstanding December 2016 - 13,106,845 shares issued and outstanding 13,201,959 13,106,845
Additional paid-in capital 158,459,072 156,776,642
Retained earnings 142,450,131 118,616,901
Accumulated other comprehensive (loss):    
Securities available for sale (250,107) (1,527,433)
Interest rate cap derivatives (822,427) (932,156)
Total stockholders' equity 313,038,628 286,040,799
Total liabilities and stockholders' equity $ 3,550,463,094 $ 3,301,943,748