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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
INTEREST INCOME    
Loans, including fees $ 25,730,909 $ 18,745,571
Securities and interest bearing deposits at other financial institutions 1,861,269 1,819,064
Federal funds sold and other earning assets 161,055 126,733
Total interest income 27,753,233 20,691,368
INTEREST EXPENSE    
Deposits 2,625,674 2,024,901
Securities sold under agreements to repurchase 30,382 11,184
Federal Home Loan Bank advances and other borrowings 101,086 451
Total interest expense 2,757,142 2,036,536
Net interest income before provision for loan losses 24,996,091 18,654,832
Provision for loan losses 922,955 431,885
Net interest income after provision for loan losses 24,073,136 18,222,947
NONINTEREST INCOME    
Customer service fees 912,806 512,203
Gain on sale of securities 52,255 116,130
Gain (loss) on sale of loans and other assets (112,319) 188,646
Gain (loss) on sale of foreclosed assets 266,487 (625,042)
Other noninterest income 1,123,897 978,588
Total noninterest income 2,243,126 1,170,525
NONINTEREST EXPENSES    
Salaries and employee benefits 11,831,234 9,140,663
Net occupancy and equipment expense 2,682,370 2,176,189
Depository insurance 487,686 385,888
Foreclosed assets 289,624 177,668
Advertising 452,849 420,048
Data processing 1,196,484 670,885
Professional services 2,454,339 1,041,459
Amortization of intangible assets 233,204 163,100
Service contracts 750,957 546,524
Other operating expenses 2,787,059 1,720,800
Total noninterest expenses 23,165,806 16,443,224
Income before income tax expense 3,150,456 2,950,248
Income tax expense 1,640,744 1,117,593
Net income 1,509,712 1,832,655
Preferred stock dividends 120,000 120,000
Net income available to common stockholders $ 1,389,712 $ 1,712,655
EARNINGS PER COMMON SHARE    
Basic $ 0.35 $ 0.58
Diluted $ 0.32 $ 0.52
Weighted average common shares outstanding    
Basic (in shares) 3,985,202 2,963,589
Diluted (in shares) 4,281,527 3,293,487
Dividends per share (in dollar per share)