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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest and dividend income:      
Loans/leases, including fees $ 117,465,275 $ 91,235,049 $ 74,615,499
Securities:      
Taxable 5,144,336 4,585,300 6,772,244
Nontaxable 11,253,351 9,686,844 7,782,370
Interest-bearing deposits at financial institutions 873,988 393,048 304,602
Restricted investment securities 631,049 522,047 503,764
Federal funds sold 149,319 45,447 24,774
Total interest and dividend income 135,517,318 106,467,735 90,003,253
Interest expense:      
Deposits 13,011,906 6,018,366 4,495,538
Short-term borrowings 113,981 93,934 210,306
Federal Home Loan Bank advances 1,981,593 1,284,212 3,511,541
Other borrowings 2,878,879 3,317,513 4,233,193
Junior subordinated debentures 1,465,678 1,236,933 1,255,951
Total interest expense 19,452,037 11,950,958 13,706,529
Net interest income 116,065,281 94,516,777 76,296,724
Provision for loan/lease losses 8,469,919 7,478,166 6,870,900
Net interest income after provision for loan/lease losses 107,595,362 87,038,611 69,425,824
Noninterest income:      
Trust department fees 7,187,820 6,164,137 6,131,209
Investment advisory and management fees 3,869,699 2,992,811 2,971,964
Deposit service fees 5,919,317 4,439,455 3,784,935
Gains on sales of residential real estate loans, net 408,655 431,313 322,872
Gains on sales of government guaranteed portions of loans, net 1,163,741 3,159,073 1,304,575
Swap fee income 3,094,939 1,708,204 1,717,552
Securities gains (losses), net (87,885) 4,592,398 798,983
Earnings on bank-owned life insurance 1,802,443 1,771,396 1,762,107
Debit card fees 2,941,703 1,814,488 1,244,912
Correspondent banking fees 915,647 1,050,142 1,190,411
Other 3,266,213 2,913,458 3,133,801
Total noninterest income 30,482,292 31,036,875 24,363,321
Noninterest expenses:      
Salaries and employee benefits 55,722,288 46,317,060 42,967,915
Occupancy and equipment expense 10,938,037 8,404,605 7,042,706
Professional and data processing fees 10,757,057 7,113,443 5,523,447
Acquisition costs 1,068,918 1,400,004
Post-acquisition compensation, transition and integration costs 4,309,565 1,041,169
FDIC insurance, other insurance and regulatory fees 2,752,270 2,549,314 2,724,968
Loan/lease expense 1,163,708 662,299 882,591
Net cost of (income from) operations of other real estate 1,599 591,303 (1,092,401)
Advertising and marketing 2,624,951 2,127,566 1,900,539
Bank service charges 1,770,942 1,692,957 1,486,265
Losses on debt extinguishment, net 4,577,668 7,185,601
Correspondent banking expense 807,077 750,646 703,495
CDI amortization 1,000,561 442,849 199,512
Other 4,507,724 3,815,028 3,667,384
Total noninterest expenses 97,424,697 81,485,912 73,192,022
Income before income taxes 40,652,957 36,589,574 20,597,123
Federal and state income tax expense 4,946,450 8,902,787 3,669,242
Net income $ 35,706,507 $ 27,686,787 $ 16,927,881
Basic earnings per common share (in dollars per share) $ 2.68 $ 2.20 $ 1.64
Diluted earnings per common share (in dollars per share) $ 2.61 $ 2.17 $ 1.61
Weighted average common shares outstanding (in shares) [1] 13,325,128 12,570,767 10,345,286
Weighted average common and common equivalent shares outstanding (in shares) 13,680,472 12,766,003 10,499,841
Cash dividends declared per common share (in dollars per share) $ 0.20 $ 0.16 $ 0.08
[1] The increase in weighted average common shares outstanding from 2015 to 2016 was primarily due to the common stock issuance that occurred in conjunction with the CSB acquisition.