Consolidated Balance Sheets - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Assets
Cash and due from banks	$ 8,635,982	$ 9,133,502
Interest-bearing deposits in financial institutions	49,992,644	54,322,823
Federal funds sold	1,410,000	16,654,481
Total cash and cash equivalents	60,038,626	80,110,806
Securities available for sale, at fair value	188,516,087	182,354,987
Securities held to maturity, fair value of $49,769,285, and $49,731,169 at March 31, 2017 and December 31, 2016, respectively	46,854,518	46,863,640
Loans held for sale	35,370,814	42,110,581
Loans and leases	1,003,433,910	935,250,703
Less allowance for loan and lease losses	(13,996,869)	(11,633,531)
Loans and leases, net	989,437,041	923,617,172
Premises and equipment, net	5,859,025	5,350,226
Restricted equity securities	6,544,250	6,031,700
Accrued interest receivable	4,012,367	3,941,609
Goodwill	6,218,867	6,218,867
Core deposit intangible	57,379	70,912
Deferred tax assets	13,461,531	12,956,059
Bank owned life insurance	22,044,193	21,900,465
Other assets	3,287,898	2,148,039
Total assets	1,381,702,596	1,333,675,063
Deposits:
Non-interest-bearing	223,449,870	197,787,618
Interest-bearing	335,571,747	299,620,783
Savings and money market accounts	421,202,733	447,685,909
Time	177,770,839	183,627,943
Total deposits	1,157,995,189	1,128,722,253
Federal Home Loan Bank advances	75,000,000	55,000,000
Accrued interest payable	235,895	211,578
Other liabilities	8,260,090	10,533,836
Total liabilities	1,241,491,174	1,194,467,667
Shareholders’ equity:
Series A convertible preferred stock, $1 par value; 5,000,000 shares authorized; 878,049 shares issued and outstanding at March 31, 2017 and December 31, 2016	878,049	878,049
Common stock, voting, $1 par value; 20,000,000 shares authorized; 11,218,328 and 11,204,515 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	11,218,328	11,204,515
Additional paid-in capital	116,263,244	116,142,894
Retained earnings	17,464,547	17,132,489
Accumulated other comprehensive loss, net of income tax	(5,612,746)	(6,150,551)
Total shareholders’ equity	140,211,422	139,207,396
Total liabilities and shareholders’ equity	$ 1,381,702,596	$ 1,333,675,063