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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,348,863 $ 338,392
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 525,809 398,329
Provision for loan losses 137,557 283,942
Stock compensation expense 33,635 3,657
Gains from sale of securities (83,263) 0
Net gains from sale of loans and other assets (221,925) (64,681)
Net gains from sale of foreclosed assets (57,977) (382,657)
Changes in other assets and liabilities:    
Accrued interest receivable 106,932 2,377
Accrued interest payable 10,061 4,296
Other assets and liabilities 2,061,243 (209,647)
Net cash provided by operating activities 3,860,935 374,008
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from security sales, maturities, and paydowns 9,652,595 7,207,517
Purchase of restricted investments (200) 0
Loan originations and principal collections, net (12,967,236) (8,173,208)
Purchase of bank premises and equipment (971,967) (649,467)
Proceeds from sale of foreclosed assets 283,221 1,177,480
Net cash used in investing activities (4,003,587) (437,678)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 628,670 11,752,990
Net decrease in securities sold under agreements to repurchase (7,321,193) (5,151,311)
Issuance of common stock 77,707 0
Payment of dividends on preferred stock (212,000) (30,000)
Proceeds from Federal Home Loan Bank advances and other borrowings 18,000,000 0
Repayment of Federal Home Loan Bank advances and other borrowings (22,062,293) (12,000,000)
Net cash used in financing activities (10,889,109) (5,428,321)
NET DECREASE IN CASH AND CASH EQUIVALENTS (11,031,761) (5,491,991)
CASH AND CASH EQUIVALENTS, beginning of year 79,964,633 46,736,414
CASH AND CASH EQUIVALENTS, end of year 68,932,872 41,244,423
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for interest 1,012,953 502,004
Cash paid during the period for taxes 0 500,000
NONCASH INVESTING AND FINANCING ACTIVITIES    
Change in unrealized losses on securities available for sale (912,736) 819,247
Acquisition of real estate through foreclosure 0 17,960
Financed sales of foreclosed assets $ 0 $ 0