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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 40,358,647 $ 32,645,727
Interest-bearing deposits at other financial institutions 33,405,986 6,380,659
Federal funds sold 6,200,000 7,710,028
Total cash and cash equivalents 79,964,633 46,736,414
Securities available for sale 166,413,218 98,876,498
Restricted investments, at cost 4,451,050 2,090,150
Loans, net of allowance for loan losses of $4,354,513 in 2015 and $3,879,665 in 2014 723,360,786 359,523,466
Bank premises and equipment, net 25,037,510 15,939,117
Foreclosed assets 5,357,950 4,982,913
Goodwill and core deposit intangible, net 6,941,107 258,242
Other assets 12,436,625 5,394,448
Total assets 1,023,962,879 533,801,248
Deposits:    
Noninterest-bearing demand deposits 131,418,580 53,639,741
Interest-bearing demand deposits 149,423,954 102,112,506
Money market and savings deposits 236,900,945 120,092,011
Time deposits 340,739,072 178,962,822
Total deposits 858,482,551 454,807,080
Securities sold under agreement to repurchase 28,068,215 9,758,018
Federal Home Loan Bank advances and other borrowings 34,187,462 12,000,000
Accrued expenses and other liabilities 3,047,792 1,348,363
Total liabilities 923,786,020 477,913,461
Stockholders' equity:    
Preferred stock - $1 par value; 2,000,000 shares authorized; 12,000 issued and outstanding in 2015 and 2014 12,000 12,000
Common stock - $1 par value; 40,000,000 shares authorized; 5,806,477 and 2,965,783 shares issued and outstanding in 2015 and 2014, respectively 5,806,477 2,965,783
Additional paid-in capital 82,616,015 42,508,429
Retained earnings 12,094,488 10,704,776
Accumulated other comprehensive loss (352,121) (303,201)
Total stockholders' equity 100,176,859 55,887,787
Total liabilities and stockholders' equity $ 1,023,962,879 $ 533,801,248