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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 66,243,037 $ 64,097,287
Interest-bearing deposits at other financial institutions 101,992,073 41,965,597
Federal funds sold 2,000,000 6,964,000
Total cash and cash equivalents 170,235,110 113,026,884
Securities available-for-sale, at fair value 156,577,182 151,944,567
Restricted investments, at cost 8,272,600 6,430,700
Loans, net of allowance for loan losses of $7,073,937 at June 30, 2018 and $5,860,291 at December 31, 2017 1,568,360,556 1,317,397,909
Bank premises and equipment, net 52,202,992 43,000,249
Foreclosed assets 3,524,239 3,254,392
Goodwill and core deposit intangible, net 68,449,478 50,836,840
Cash surrender value of life insurance 21,944,300 21,646,894
Other assets 12,665,515 13,232,247
Total assets 2,062,231,972 1,720,770,682
Deposits:    
Noninterest-bearing demand deposits 301,317,854 220,520,287
Interest-bearing demand deposits 246,942,432 231,643,508
Money market and savings deposits 632,518,003 543,644,830
Time deposits 535,879,278 442,774,094
Total deposits 1,716,657,567 1,438,582,719
Securities sold under agreement to repurchase 18,635,215 24,054,730
Federal Home Loan Bank advances and other borrowings 72,040,028 43,600,000
Accrued expenses and other liabilities 7,412,585 8,681,393
Total liabilities 1,814,745,395 1,514,918,842
Shareholders' equity:    
Preferred stock - $1 par value; 2,000,000 shares authorized; None issued and outstanding as of June 30,2018 and December 31,2017 0 0
Common stock - $1 par value; 40,000,000 shares authorized; 12,704,581 and 11,152,561 shares issued and outstanding in 2018 and 2017, respectively 12,704,581 11,152,561
Additional paid-in capital 208,512,862 174,008,753
Retained earnings 29,234,901 21,888,575
Accumulated other comprehensive loss (2,965,767) (1,198,049)
Total shareholders' equity 247,486,577 205,851,840
Total liabilities and shareholders' equity $ 2,062,231,972 $ 1,720,770,682