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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income    
Interest and fees on loans $ 2,918,231 $ 2,637,116
Interest on securities 120,407 164,609
Interest on other interest-earning assets 22,299 21,454
Total interest income 3,060,937 2,823,179
Interest expense    
Interest on deposits 364,808 332,866
Interest on borrowings 10,808 8,926
Total interest expense 375,616 341,792
Net interest income 2,685,321 2,481,387
Provision for loan losses 52,000 100,000
Net interest income after provision for loan losses 2,633,321 2,381,387
Noninterest income    
Gain on sale of loans 1,688,434 888,200
Service charges and fees 99,157 50,119
Loss on sale and impairments of other real estate   (200,000)
Loss on sale of securities   (13,800)
Bank owned life insurance income 43,024 32,414
Other 53,151 44,894
Total noninterest income 1,883,766 801,827
Noninterest expense    
Salaries and benefits 2,581,184 1,925,621
Occupancy 451,529 426,300
Data processing fees 358,690 312,335
FDIC and other insurance expense 71,400 60,600
Professional fees 402,951 232,301
Merger-related expenses   94,324
Advertising 52,389 37,569
Net other real estate expenses 2,756 6,945
Other 575,332 351,476
Total noninterest expense 4,496,231 3,447,471
Income (loss) before income taxes 20,856 (264,257)
Provision for income taxes 15,000  
NET INCOME (LOSS) 5,856 (264,257)
Other comprehensive income (loss)    
Unrealized gain (loss) on available-for-sale securities 225,683 (19,914)
COMPREHENSIVE INCOME (LOSS) $ 231,539 $ (284,171)
Income (loss) per common share:    
Basic (in dollars per share) $ 0.00 $ (0.16)
Diluted (in dollars per share) $ 0.00 $ (0.16)