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Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Cash and cash equivalents:    
Cash and due from banks $ 359,887,612 $ 201,269,687
Federal funds sold 695,916 2,290,626
Total cash and cash equivalents 360,583,528 203,560,313
Interest bearing time deposits in other banks 131,461 129,402
Investment securities available for sale 26,430,952 25,595,317
Loans held for sale 2,345,550
Loans, net of allowance for loan loss of $15,571,366 and $11,979,492 at September 30, 2021 and December 31, 2020, respectively 1,596,822,985 1,544,112,396
Accrued interest receivable 10,238,198 13,675,906
Premises and equipment, net 18,364,409 15,155,699
Other real estate owned 1,676,250 3,367,207
Bank-owned life insurance 26,381,727 25,960,632
Non-marketable equity securities, at cost 10,904,804 4,406,654
Deferred tax asset, net 4,455,981 4,039,009
Core Deposit Intangible, net 1,332,377 1,453,502
Goodwill 18,033,880 18,033,880
Other assets 6,814,027 5,457,795
Total assets 2,082,170,579 1,867,293,262
Deposits:    
Noninterest bearing 364,417,901 327,360,814
Interest bearing 1,451,532,665 1,306,470,103
Total deposits 1,815,950,566 1,633,830,917
Accrued interest payable 476,994 1,215,170
Other liabilities 8,291,107 6,654,470
FHLB advances 50,250,000 70,000,000
Note payable - Senior Debt 1,000,000 20,875,000
Note payable - Subordinated Debt   13,000,000
Total liabilities 1,875,968,667 1,745,575,557
Commitments and contingencies - ESOP-owned shares 2,059,940 1,301,502
Shareholders' equity:    
Common stock, $1 par value; 50,000,000 shares authorized; 9,387,354 and 6,350,184 issued; and 9,313,929 and 6,276,759 outstanding at September 30, 2021 and December 31, 2020, respectively 9,387,354 6,350,184
Additional paid-in capital 160,724,828 91,461,923
Retained earnings 35,674,773 24,605,020
Accumulated other comprehensive income 1,393,819 279,440
Treasury stock: at cost; 73,425 shares at September 30, 2021 and December 31, 2020 (978,862) (978,862)
Stockholders' equity including ESOP owned shares 206,201,912 121,717,705
Less: ESOP-owned shares 2,059,940 1,301,502
Total shareholders' equity 204,141,972 120,416,203
Total liabilities & shareholders' equity $ 2,082,170,579 $ 1,867,293,262