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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 332,058 $ 1,583,846
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 3,404,799 937,216
Accretion of discounts on acquired loans and deferred fees (159,331) (440,249)
Depreciation and amortization 107,376 113,113
Net amortization of premiums on investment securities 358,327 286,011
Securities (gains) losses, net 6,229 (38,961)
Mortgage banking income (1,216,362) (1,347,452)
Net loss on disposal of premises and equipment 137,493  
Net (gain) loss on sale of other real estate owned   (72,669)
Stock-based compensation 235,597 195,787
Excess tax benefit from stock compensation   (2,539)
Deferred income tax expense (743,536) 33,697
Origination of loans held for sale (93,162,136) (85,107,642)
Proceeds from loans held for sale 101,118,265 92,654,273
Net increase in accrued interest receivable and other assets (1,331,081) (1,226,422)
Net increase in accrued interest payable and other liabilities (2,120,362) (1,449,958)
Net cash provided by operating activities 6,967,336 6,118,051
Activities in securities available for sale:    
Purchases (11,754,186) (37,585,142)
Sales 644,983 18,750,334
Maturities, prepayments and calls 5,185,819 4,281,887
Activities in securities held to maturity:    
Maturities, prepayments and calls 29,335 162,709
Purchase of restricted equity securities (512,550) (4,550)
Net increase in loans (69,065,337) (29,624,468)
Purchase of premises and equipment (742,375)  
Proceeds from the sale of premises and equipment 3,293  
Proceeds from sale of other real estate   288,923
Net cash used in investing activities (76,211,018) (43,730,307)
Cash flows from financing activities:    
Net increase in deposits 29,272,936 47,876,455
Proceeds from Federal Home Loan Bank advances 20,000,000  
Payments on Federal Home Loan Bank advances   (30,000,000)
Exercise of common stock options and warrants, net of repurchase of restricted shares (101,434) 10,000
Excess tax benefit from stock compensation   2,539
Net decrease in repurchase agreements   (3,755,000)
Net cash provided by financing activities 49,171,502 14,133,994
Net decrease in cash and cash equivalents (20,072,180) (23,478,262)
Cash and cash equivalents at beginning of period 80,110,806 100,184,841
Cash and cash equivalents at end of period 60,038,626 76,706,579
Supplemental disclosures of cash paid:    
Interest paid 2,023,056 1,620,198
Income taxes   807,369
Supplemental disclosures of noncash transactions:    
Loans charged off to the allowance for loan and lease losses $ 1,124,350 $ 773,736