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Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and dividend income:        
Loans/leases, including fees $ 44,033,687 $ 29,245,320 $ 113,655,270 $ 84,571,466
Securities:        
Taxable 1,521,789 1,367,212 4,671,333 3,770,022
Nontaxable 3,516,550 2,862,208 10,100,598 8,198,173
Interest-bearing deposits at financial institutions 323,636 141,331 748,953 559,697
Restricted investment securities 329,767 172,776 776,013 435,096
Federal funds sold 105,042 52,018 222,814 104,778
Total interest and dividend income 49,830,471 33,840,865 130,174,981 97,639,232
Interest expense:        
Deposits 8,722,555 3,556,189 20,132,044 8,779,548
Short-term borrowings 78,053 33,248 173,469 76,365
Federal Home Loan Bank advances 1,272,538 607,751 3,218,769 1,365,433
Other borrowings 924,780 724,854 2,375,837 2,103,731
Junior subordinated debentures 519,062 362,475 1,473,965 1,042,227
Total interest expense 11,516,988 5,284,517 27,374,084 13,367,304
Net interest income 38,313,483 28,556,348 102,800,897 84,271,928
Provision for loan/lease losses 6,205,828 2,086,436 11,046,402 6,214,538
Net interest income after provision for loan/lease losses 32,107,655 26,469,912 91,754,495 78,057,390
Noninterest income:        
Revenue 58,639,296 40,542,168 156,437,521 118,406,807
Gains on sales of residential real estate loans, net 336,679 98,409 539,266 307,360
Gains on sales of government guaranteed portions of loans, net 46,417 91,974 404,851 1,129,668
Swap fee income 1,110,182 194,256 3,717,761 635,353
Securities losses, net   (63,588)   (25,124)
Earnings on bank-owned life insurance 474,426 428,002 1,291,686 1,357,049
Other 889,161 746,073 2,822,331 2,228,133
Total noninterest income 8,808,825 6,701,303 26,262,540 20,767,575
Noninterest expenses:        
Salaries and employee benefits 17,432,632 13,423,943 49,214,623 39,662,218
Occupancy and equipment expense 3,318,470 2,516,274 9,516,939 7,716,829
Professional and data processing fees 2,537,027 2,950,839 8,015,966 7,374,930
Acquisition costs 1,292,043 407,997 1,798,184 407,997
Post-acquisition compensation, transition and integration costs 493,063 522,740 658,377 522,740
FDIC insurance, other insurance and regulatory fees 932,746 690,894 2,529,415 1,957,413
Loan/lease expense 369,379 257,540 920,215 811,362
Net income from operations of other real estate (50,362) (160,640) 11,190 (118,453)
Advertising and marketing 983,762 669,923 2,430,085 1,846,942
Bank service charges 461,656 460,153 1,368,318 1,331,499
Correspondent banking expense 205,121 204,189 614,212 604,233
CDI amortization 541,665 230,867 1,150,767 692,600
Other 1,982,408 1,221,028 4,504,639 3,263,183
Total noninterest expenses 30,499,610 23,395,747 82,732,930 66,073,493
Income before income taxes 10,416,870 9,775,468 35,284,105 32,751,472
Federal and state income tax expense 1,608,035 1,921,533 5,479,924 6,946,555
Net income $ 8,808,835 $ 7,853,935 $ 29,804,181 $ 25,804,917
Basic earnings per common share (in dollars per share) $ 0.56 $ 0.60 $ 2.06 $ 1.96
Diluted earnings per common share (in dollars per share) $ 0.55 $ 0.58 $ 2.02 $ 1.91
Weighted average common shares outstanding (in shares) 15,625,123 13,151,350 14,477,783 13,151,672
Weighted average common and common equivalent shares outstanding (in shares) 15,922,324 13,507,955 14,786,777 13,509,566
Cash dividends declared per common share (in dollars per share) $ 0.06 $ 0.05 $ 0.18 $ 0.15
Fiduciary And Trust        
Noninterest income:        
Revenue $ 2,195,828 $ 1,721,401 $ 6,490,896 $ 5,153,609
Investment advisory and management services        
Noninterest income:        
Revenue 1,059,413 968,452 3,069,423 2,798,886
Deposit Account        
Noninterest income:        
Revenue 1,655,529 1,522,461 4,797,385 4,297,210
Debit Card        
Noninterest income:        
Revenue 845,740 754,803 2,456,134 2,201,125
Correspondent Clearing        
Noninterest income:        
Revenue $ 195,450 $ 239,060 $ 672,807 $ 684,306