Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Operating activities:
Net income	$ 4,683,213	$ 4,089,622	[1]
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	800,000	1,100,000
Depreciation	1,856,672	1,273,898
Amortization of intangibles	515,044	221,070
Accretion of discounts and premiums on securities, net	2,017,175	1,120,442
Deferred income taxes	1,784,184	1,190,172	[1]
(Gain) loss on disposal of premises and equipment	(643)	1,915
Gain on sale of other real estate owned	(40,351)	(115,137)
Gain on sale of loans held for sale	(1,105,438)	(641,594)
Gain on sale of investment securities available-for-sale	(1,417,716)	(13,509)
Stock based compensation expense	68,705	59,798
Originations of loans held for sale, net	(32,612,744)	(22,413,812)
Proceeds from sale of loans held for sale	34,567,327	21,254,480
Other operating activities	(2,078,252)	1,727,874
Net cash provided by operating activities	9,037,176	8,855,219
Investing activities:
Proceeds from sale of investment securities available-for-sale	46,235,645	787,500
Purchases of investment securities available-for-sale	(25,212,930)	(153,293,758)
Proceeds from principal repayments of mortgage-backed securities available-for-sale	21,207,690	14,717,333
Originations of loans held for investment, net of principal repayments	(128,022,941)	(30,526,607)
Proceeds from disposal of premises and equipment	1,690,010
Proceeds from disposal of other real estate owned	2,467,095	3,074,944
Purchase of bank-owned life insurance	(509,642)	(4,031,316)
(Purchase) Sale of FHLB stock	(1,762,800)	242,300
Purchase of premises and equipment	(1,433,433)	(2,496,437)
Net cash received from acquisition		166,439,050
Net cash used in investing activities	(85,341,306)	(5,086,991)
Financing activities:
Net increase in deposit accounts	23,041,857	29,532,759
Net increase in FHLB borrowings	37,000,000	0
Cash paid for dividends	(953,010)	(962,551)
Retirement of common shares	(909,172)	(457,074)
Vesting of restricted stock awards, net	(954)
Net cash provided by financing activities	58,178,721	28,113,134
Increase (decrease) in cash and cash equivalents	(18,125,409)	31,881,362
Cash and cash equivalents, beginning of year	56,116,677	24,235,315
Cash and cash equivalents, end of year	$ 37,991,268	$ 56,116,677

[1] revised for prior period restatement