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Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and dividend income:        
Loans/leases, including fees $ 35,407,851 $ 28,114,729 $ 69,621,583 $ 55,326,146
Securities:        
Taxable 1,593,660 1,260,575 3,149,544 2,402,810
Nontaxable 3,295,046 2,688,243 6,584,048 5,335,965
Interest-bearing deposits at financial institutions 228,314 219,714 425,317 418,366
Restricted investment securities 211,902 131,890 446,246 262,320
Federal funds sold 61,441 38,117 117,772 52,760
Total interest and dividend income 40,798,214 32,453,268 80,344,510 63,798,367
Interest expense:        
Deposits 6,528,340 2,990,603 11,409,489 5,223,359
Short-term borrowings 62,503 19,157 95,416 43,117
Federal Home Loan Bank advances 882,118 354,213 1,946,231 757,682
Other borrowings 732,881 695,669 1,451,057 1,378,877
Junior subordinated debentures 507,876 346,929 954,903 679,752
Total interest expense 8,713,718 4,406,571 15,857,096 8,082,787
Net interest income 32,084,496 28,046,697 64,487,414 55,715,580
Provision for loan/lease losses 2,300,735 2,022,993 4,840,574 4,128,102
Net interest income after provision for loan/lease losses 29,783,761 26,023,704 59,646,840 51,587,478
Noninterest income:        
Revenue 49,710,480 39,235,786 97,798,225 77,864,639
Gains on sales of residential real estate loans, net 101,772 112,628 202,587 208,951
Gains on sales of government guaranteed portions of loans, net   87,053 358,434 1,037,694
Swap fee income 1,648,885 327,577 2,607,579 441,097
Securities gains, net   38,464   38,464
Earnings on bank-owned life insurance 399,273 459,359 817,260 929,046
Other 979,464 794,664 1,933,170 1,482,061
Total noninterest income 8,912,266 6,782,518 17,453,715 14,066,272
Noninterest expenses:        
Salaries and employee benefits 15,804,016 12,930,944 31,781,991 26,238,275
Occupancy and equipment expense 3,132,658 2,698,336 6,198,469 5,200,555
Professional and data processing fees 2,771,223 2,340,699 5,478,939 4,424,091
Acquisition costs 413,602   506,141  
Post-acquisition compensation, transition and integration costs 165,314   165,314  
FDIC insurance, other insurance and regulatory fees 840,458 645,277 1,596,669 1,266,519
Loan/lease expense 260,089 260,284 550,836 553,822
Net cost of (income from) operations of other real estate (70,190) 27,957 61,552 42,187
Advertising and marketing 753,084 567,588 1,446,323 1,177,019
Bank service charges 466,091 447,445 906,662 871,346
Correspondent banking expense 204,337 201,693 409,091 400,044
CDI amortization 304,551 230,867 609,102 461,733
Other 1,324,590 1,053,539 2,522,231 2,042,155
Total noninterest expenses 26,369,823 21,404,629 52,233,320 42,677,746
Income before income taxes 12,326,204 11,401,593 24,867,235 22,976,004
Federal and state income tax expense 1,880,819 2,635,576 3,871,889 5,025,022
Net income $ 10,445,385 $ 8,766,017 $ 20,995,346 $ 17,950,982
Basic earnings per common share (in dollars per share) $ 0.75 $ 0.67 $ 1.51 $ 1.36
Diluted earnings per common share (in dollars per share) $ 0.73 $ 0.65 $ 1.48 $ 1.33
Weighted average common shares outstanding (in shares) 13,919,565 13,170,283 13,904,113 13,151,833
Weighted average common and common equivalent shares outstanding (in shares) 14,232,423 13,516,592 14,219,003 13,502,505
Cash dividends declared per common share (in dollars per share) $ 0.06 $ 0.05 $ 0.12 $ 0.10
Fiduciary And Trust        
Noninterest income:        
Revenue $ 2,057,987 $ 1,692,001 $ 4,295,068 $ 3,432,208
Investment advisory and management services        
Noninterest income:        
Revenue 1,057,666 868,835 2,010,010 1,830,434
Deposit Account        
Noninterest income:        
Revenue 1,610,403 1,458,359 3,141,856 2,774,749
Debit Card        
Noninterest income:        
Revenue 844,286 743,521 1,610,394 1,446,322
Correspondent Clearing        
Noninterest income:        
Revenue $ 212,530 $ 200,057 $ 477,357 $ 445,246