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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Interest income    
Interest and fees on loans $ 12,923,716 $ 11,643,531
Interest on securities 473,242 506,108
Interest on other interest-earning assets 104,860 74,087
Total interest income 13,501,818 12,223,726
Interest expense    
Interest on deposits 1,475,738 1,371,703
Interest on borrowings 208,316 62,192
Total interest expense 1,684,054 1,433,895
Net interest income 11,817,764 10,789,831
Provision for loan losses 1,019,000 694,000
Net interest income after provision for loan losses 10,798,764 10,095,831
Noninterest income    
Gain on sale of loans 10,687,005 4,847,600
Service charges and fees 362,007 296,629
Loss on sale and impairments of other real estate (89,779) (517,863)
Gain on sale of securities 0 6,414
Bank owned life insurance income 173,826 131,823
Other 80,202 138,309
Total noninterest income 11,213,261 4,902,912
Noninterest expense    
Salaries and benefits 13,142,030 8,304,436
Occupancy 1,814,149 1,597,282
Data processing fees 2,024,867 1,612,302
FDIC and other insurance expense 232,028 258,854
Professional fees 1,414,163 945,859
Merger-related expenses 0 99,577
Advertising 310,333 220,230
Net other real estate expenses 4,043 23,175
Other 1,946,875 1,596,414
Total noninterest expense 20,888,488 14,658,129
Income before income taxes 1,123,537 340,614
Provision (benefit) for income taxes (4,171,590) 20,000
NET INCOME 5,295,127 320,614
Other comprehensive (loss)    
Unrealized (loss) on available-for-sale securities (147,390) (67,601)
COMPREHENSIVE INCOME $ 5,147,737 $ 253,013
Income per common share (2015 amounts restated):    
Basic $ 1.57 $ 0.09
Diluted $ 1.57 $ 0.09