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Consolidated Statements of Cash Flows
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 43,119,699 $ 35,706,507 $ 27,686,787
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 4,450,758 3,948,934 3,424,140
Provision for loan/lease losses 12,658,449 8,469,919 7,478,166
Deferred income taxes 6,292,477 (6,029,555) (3,066,407)
Stock-based compensation expense 1,443,346 1,187,036 947,174
Deferred compensation expense accrued 1,826,055 1,425,717 1,171,406
Losses (gains) on other real estate owned, net 2,584,890 (151,211) 243,858
Amortization of premiums on securities, net 1,614,426 1,839,196 1,302,962
Securities (gains) losses, net   87,885 (4,592,398)
Loans originated for sale (57,697,515) (49,578,773) (74,329,667)
Proceeds on sales of loans 58,352,712 51,641,668 77,850,553
Gains on sales of residential real estate loans (900,744) (408,655) (431,313)
Gains on sales of government guaranteed portions of loans (404,852) (1,163,741) (3,159,073)
Losses on debt extinguishment, net     4,577,668
Amortization of core deposit intangible 1,692,431 1,000,561 442,850
Accretion of acquisition fair value adjustments, net (5,527,105) (4,940,760) (3,718,160)
Increase in cash value of bank-owned life insurance (1,631,749) (1,802,443) (1,771,396)
Decrease (increase) in other assets (11,140,958) 726,336 (943,892)
Increase (decrease) in other liabilities 7,538,428 (8,245,340) 10,269,563
Net cash provided by operating activities 64,270,748 33,713,281 43,382,821
CASH FLOWS FROM INVESTING ACTIVITIES      
Net decrease (increase) in federal funds sold 3,799,000 (7,940,000) (1,709,000)
Net decrease (increase) in interest-bearing deposits at financial institutions (14,508,687) 12,137,820 (12,904,803)
Proceeds from sales of other real estate owned 2,538,865 1,138,520 2,084,696
Activity in securities portfolio:      
Purchases (84,044,869) (179,785,944) (179,598,630)
Calls, maturities and redemptions 23,931,014 43,010,478 117,876,284
Paydowns 44,287,054 38,495,801 33,169,638
Sales 1,938,043 71,091,580 134,188,737
Activity in restricted investment securities:      
Purchases (5,409,075) (4,824,000) (1,098,200)
Redemptions 3,157,025 515,000 2,450,000
Net increase in loans/leases originated and held for investment (292,696,750) (375,226,301) (187,496,180)
Purchase of premises and equipment (11,457,086) (5,760,802) (6,032,416)
Net cash paid for acquisitions (5,182,804) (3,368,909) (69,905,355)
Net cash used in investing activities (333,648,270) (410,516,757) (168,975,229)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in deposit accounts 271,266,725 385,082,234 302,390,928
Net increase (decrease) in short-term borrowings 13,637,557 (39,080,308) (104,691,329)
Activity in Federal Home Loan Bank advances:      
Term advances 15,080,200 1,600,000  
Calls and maturities (40,000,000) (8,000,000) (24,000,000)
Net change in short-term and overnight advances 24,765,000 60,900,000 20,500,000
Prepayments   (4,108,027) (31,008,668)
Activity in other borrowings:      
Proceeds from other borrowings 9,000,000 7,000,000 35,000,000
Calls, maturities and scheduled principal payments (12,550,000) (21,000,000)  
Prepayments     (69,769,000)
Retirement of junior subordinated debentures     (3,955,000)
Payment of cash dividends on common stock (3,300,091) (2,494,260) (1,981,541)
Net cash provided by financing activities 279,178,544 381,955,146 154,420,080
Net decrease in cash and due from banks 9,801,022 5,151,670 28,827,672
Cash and due from banks, beginning 75,721,663 70,569,993 41,742,321
Cash and due from banks, ending 85,522,685 75,721,663 70,569,993
Supplemental disclosure of cash flow information, cash payments (receipts) for:      
Interest 38,781,813 19,053,645 11,926,012
Income/franchise taxes 29,583 13,039,516 10,758,611
Supplemental schedule of noncash investing activities:      
Change in accumulated other comprehensive income, unrealized gains on securities available for sale and derivative instruments, net (3,205,499) 1,092,153 (335,760)
Exchange of shares of common stock in connection with payroll taxes for restricted stock and in connection with stock options exercised (876,665) (1,009,797) (568,875)
Tax benefit of nonqualified stock options exercised     394,149
Transfers of loans to other real estate owned 943,183 9,022,514 51,000
Due to broker for purchases of securities     2,655,492
Tax basis adjustment related to the acquisition of noncontrolling interest in m2 Lease Funds     2,132,415
Increase (decrease) in the fair value of back to back interest rate swap assets and liabilities 17,798,475 2,058,957 (706,244)
Dividends payable 938,710 692,874 522,573
Transfer of equity securities from securities available for sale to other assets at fair value 2,614,260    
Fair value of assets acquired:      
Cash and due from banks 4,650,731 4,434,511 10,094,645
Federal funds sold     698,000
Interest-bearing deposits at financial institutions 62,924,396 3,953,907 14,730,157
Securities 4,845,441 49,703,419 102,640,029
Loans receivable, net 477,336,699 192,517,677 419,029,277
Bank-owned life insurance 7,091,883    
Premises and equipment, net 6,091,978 4,808,343 20,684,880
Restricted investment securities 3,654,200 476,500 1,512,900
Other real estate owned     650,000
Intangibles 10,063,660 2,698,301 6,352,653
Other assets 2,254,778 997,810 5,283,937
Total assets acquired 578,913,766 259,590,468 581,676,478
Fair value of liabilities assumed:      
Deposits 439,579,328 212,467,514 486,298,262
Short-term borrowings 1,143,478 13,102,043  
FHLB advances 74,539,463 4,108,027 20,368,877
Other borrowings 9,543,810    
Junior subordinated debentures   3,857,275  
Other liabilities 8,877,991 2,595,883 4,897,564
Total liabilities assumed 533,684,070 236,130,742 511,564,703
Net assets acquired 45,229,696 23,459,726 70,111,775
Consideration paid:      
Cash paid 9,833,535 [1] 7,803,420 [1] 80,000,000 [1]
Promissory note 1,500,000    
Contingent consideration 2,000,000    
Common stock 81,637,166 30,879,485  
Total consideration paid 94,970,701 38,682,905 80,000,000
Goodwill 49,741,005 15,223,179 9,888,225
Common Stock Offering 2 [Member]      
Activity in other borrowings:      
Proceeds from issuance of common stock, net 1,279,153 2,055,507 31,934,690
Springfield Bancshares      
Consideration paid:      
Cash paid 3,747,209    
Goodwill 45,974,931    
Guaranty Bank [Member]      
Consideration paid:      
Cash paid 3,368,909    
Goodwill   $ 15,223,179  
Bates Companies [Member]      
Consideration paid:      
Cash paid 1,435,595    
Goodwill 3,766,074    
Community State Bank [Member]      
Fair value of assets acquired:      
Premises and equipment, net 20,700,000    
Consideration paid:      
Cash paid $ 69,905,355    
Goodwill     $ 9,888,225
[1] Net cash paid at closing totaled $1,435,595 for acquisition of the Bates Companies in 2018. Net cash paid at closing totaled $3,747,209 for merger with Springfield Bancshares in 2018. Net cash paid at closing totaled $3,368,909 for acquisition of Guaranty Bank in 2017. Net cash paid at closing totaled $69,905,355 for acquisition of CSB in 2016.