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Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 35,691,381 $ 32,386,247
Interest-bearing deposits at other financial institutions 39,009,274 6,643,101
Federal funds sold 15,235,000 7,710,028
Total cash and cash equivalents 89,935,655 46,739,376
Securities available for sale 152,149,667 98,876,498
Restricted Investments, at cost 4,451,050 2,090,150
Loans, net of allowance for loan losses of $3,827,938 and $3,879,665 at September 30, 2015 and December 31, 2014, respectively 706,611,292 359,523,466
Bank premises and equipment, net 25,266,482 15,939,117
Accrued interest receivable 2,227,003 1,221,006
Foreclosed assets 9,646,549 4,982,913
Core deposit intangible, net 2,868,391 258,242
Goodwill 4,166,069 0
Other assets 9,734,958 4,083,187
Total assets 1,007,057,116 533,713,955
Deposits:    
Noninterest-bearing demand deposits 123,551,461 53,639,741
Interest-bearing demand deposits 313,523,024 179,835,820
Savings deposits 61,966,841 42,368,697
Time deposits 347,950,833 178,962,822
Total deposits 846,992,159 454,807,080
Accrued interest payable 299,150 129,771
Federal funds purchased and securities sold under agreements to repurchase 18,442,196 21,758,018
Federal Home Loan Bank advances and other borrowings 39,278,103 0
Other liabilities 3,609,152 1,131,299
Total liabilities 908,620,760 477,826,168
Stockholders' equity:    
Preferred stock - $1 par value; 12,000 shares authorized and outstanding in 2015 and 2014 12,000 12,000
Common stock - $1.00 par value; 40,000,000 shares authorized; 5,732,143 and 2,965,783 shares issued and outstanding in 2015 and 2014, respectively 5,732,143 2,965,783
Additional paid-in capital 81,628,090 42,508,429
Retained earnings 10,942,361 10,704,776
Accumulated other comprehensive income (loss) 121,762 (303,201)
Total stockholders' equity 98,436,356 55,887,787
Total liabilities and stockholders' equity $ 1,007,057,116 $ 533,713,955