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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 32,453,867 $ 40,358,647
Interest-bearing deposits at other financial institutions 39,283,250 33,405,986
Federal funds sold 0 6,200,000
Total cash and cash equivalents 71,737,117 79,964,633
Securities available for sale 142,874,504 166,413,218
Restricted investments, at cost 4,451,250 4,451,050
Loans, net of allowance for loan losses of $4,719,792 at June 30, 2016 and $4,354,513 at December 31, 2015 768,676,292 723,360,786
Bank premises and equipment, net 25,844,020 25,037,510
Foreclosed assets 4,935,768 5,357,950
Goodwill and core deposit intangible, net 6,754,402 6,941,107
Other assets 9,524,159 12,436,625
Total assets 1,034,797,512 1,023,962,879
Deposits:    
Noninterest-bearing demand deposits 145,863,797 131,418,580
Interest-bearing demand deposits 153,165,963 149,423,954
Money market and savings deposits 258,280,729 236,900,945
Time deposits 331,438,457 340,739,072
Total deposits 888,748,946 858,482,551
Securities sold under agreement to repurchase 26,882,748 28,068,215
Federal Home Loan Bank advances and other borrowings 10,091,202 34,187,462
Accrued expenses and other liabilities 6,010,680 3,047,792
Total liabilities 931,733,576 923,786,020
Stockholders' equity:    
Preferred stock - $1 par value; 2,000,000 shares authorized; 12,000 issued and outstanding in 2016 and 2015 12,000 12,000
Common stock - $1 par value; 40,000,000 shares authorized; 5,824,295 and 5,806,477 shares issued and outstanding in 2016 and 2015, respectively 5,824,295 5,806,477
Additional paid-in capital 82,799,911 82,616,015
Retained earnings 14,152,981 12,094,488
Accumulated other comprehensive income (loss) 274,749 (352,121)
Total stockholders' equity 103,063,936 100,176,859
Total liabilities and stockholders' equity $ 1,034,797,512 $ 1,023,962,879