Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 9,133,502	$ 8,265,287
Interest-bearing deposits in financial institutions	54,322,823	85,189,846
Federal funds sold	16,654,481	6,729,708
Total cash and cash equivalents	80,110,806	100,184,841
Securities available for sale, at fair value	182,354,987	173,382,957
Securities held to maturity, fair value of $49,731,169, and $46,458,841 at December 31, 2016 and 2015, respectively	46,863,640	43,093,951
Loans held for sale	42,110,581	35,729,353
Loans and leases	935,250,703	808,396,064
Less allowance for loan and lease losses	(11,633,531)	(10,131,729)
Loans, net	923,617,172	798,264,335
Premises and equipment, net	5,350,226	4,896,447
Restricted equity securities	6,031,700	5,413,500
Accrued interest receivable	3,941,609	3,029,550
Goodwill	6,218,867	6,218,867
Core deposit intangible	70,912	125,045
Other real estate owned	0	216,254
Deferred tax assets	12,956,059	12,849,508
Bank owned life insurance	21,900,465	21,299,068
Other assets	2,148,039	2,096,603
Total assets	1,333,675,063	1,206,800,279
Deposits:
Non-interest-bearing	197,787,618	190,580,468
Interest-bearing	299,620,783	189,982,675
Savings and money market accounts	447,685,909	437,214,054
Time	183,627,943	220,683,113
Total deposits	1,128,722,253	1,038,460,310
Securities sold under repurchase agreements		3,755,000
Federal Home Loan Bank advances	55,000,000	45,000,000
Accrued interest payable	211,578	176,540
Other liabilities	10,533,836	10,822,322
Total liabilities	1,194,467,667	1,098,214,172
Shareholders’ equity:
Series A convertible preferred stock, $1 par value; 5,000,000 shares authorized; 878,049 and 1,609,756 shares issued and outstanding at December 31, 2016 and 2015, respectively	878,049	1,609,756
Common stock, voting, $1 par value; 20,000,000 shares authorized; 11,204,515 and 8,577,051 shares issued and outstanding at December 31, 2016 and 2015, respectively	11,204,515	8,577,051
Additional paid-in capital	116,142,894	95,277,969
Retained earnings	17,132,489	8,035,711
Accumulated other comprehensive loss, net of income tax	(6,150,551)	(4,914,380)
Total shareholders’ equity	139,207,396	108,586,107
Total liabilities and shareholders’ equity	$ 1,333,675,063	$ 1,206,800,279