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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 9,096,778 $ 7,559,436 $ 4,991,744
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Provision for loan and lease losses 2,828,633 1,650,675 3,868,855
Accretion of discounts on acquired loans and deferred fees (1,710,051) (2,236,662) (1,940,116)
Depreciation and amortization 422,478 505,520 625,040
Net amortization of premiums on investment securities 1,526,957 1,466,948 1,232,627
Securities gains, net (120,873) (55,023) (13,457)
Mortgage banking income (7,375,064) (5,961,766) (4,067,013)
Net (gain) loss on disposal of premises and equipment   (28,381) 836
Net (gain) loss on sale of other real estate owned (157,184) 3,506 178,214
Stock-based compensation 842,451 438,004 261,035
Excess tax benefit from stock compensation (61,217) (8,286) (12,349)
Deferred income tax (benefit) expense (293,739) 506,672 461,694
Origination of loans held for sale (522,036,970) (422,323,041) (253,099,211)
Proceeds from loans held for sale 523,030,806 407,941,300 245,891,363
Net (increase) decrease in accrued interest receivable and other assets (1,538,577) 101,973 (879,093)
Net increase (decrease) in accrued interest payable and other liabilities 1,812,670 1,091,096 (4,483,619)
Net cash provided by (used in) operating activities 6,267,098 (9,348,029) (6,983,450)
Activities in securities available for sale:      
Purchases (81,946,658) (57,704,023) (163,194,507)
Sales 46,700,357 90,445,352 161,603,143
Maturities, prepayments and calls 23,644,239 28,151,835 25,777,185
Activities in securities held to maturity:      
Purchases (5,336,200)   (2,512,122)
Maturities, prepayments and calls 1,655,537 833,198 704,041
Purchase of restricted equity securities (618,200) (348,550) (170,100)
Net increase in loans (126,471,419) (95,883,666) (85,892,972)
Purchase of premises and equipment (813,401) (30,778) (302,609)
Proceeds from the sale of premises and equipment   233,387  
Proceeds from sale of other real estate 373,438 354,840 790,161
Purchase of bank owned life insurance     (5,000,000)
Cash paid in acquisition of Farmington Financial Group, LLC     (3,000,000)
Net cash used in investing activities (142,812,307) (33,948,405) (71,197,780)
Cash flows from financing activities:      
Net increase in deposits 90,261,943 57,403,652 101,891,830
Proceeds from Federal Home Loan Bank advances 55,000,000 25,000,000  
Payments on Federal Home Loan Bank advances (45,000,000)    
Issuance of common stock (21,562,716)    
Exercise of common stock options and warrants, net of repurchase of restricted shares 294,298 10,000 75,000
Excess tax benefit from stock compensation 61,217 8,286 12,349
Termination of interest rate swap agreement (1,954,000) (1,793,000)  
Net decrease in repurchase agreements (3,755,000) (11,082,000) 5,343,000
Net cash provided by financing activities 116,471,174 69,546,938 107,322,179
Net increase (decrease) in cash and cash equivalents (20,074,035) 26,250,504 29,140,949
Cash and cash equivalents at beginning of period 100,184,841 73,934,337 44,793,388
Cash and cash equivalents at end of period 80,110,806 100,184,841 73,934,337
Supplemental disclosures of cash paid:      
Interest paid 6,896,499 5,768,230 5,926,316
Income taxes 4,113,908 2,081,723 1,768,256
Supplemental disclosures of noncash transactions:      
Loans charged off to the allowance for loan and lease losses 1,451,570 3,205,671 1,147,442
Transfer of loans to other real estate $ 0 $ 0 91,975
Common stock issued in acquisition of Farmington Financial Group, LLC     $ 1,148,000