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Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 64,097,287 $ 34,290,617
Interest-bearing deposits at other financial institutions 41,965,597 34,457,691
Federal funds sold 6,964,000 0
Total cash and cash equivalents 113,026,884 68,748,308
Securities available for sale 151,944,567 129,421,914
Restricted investments, at cost 6,430,700 5,627,950
Loans, net of allowance for loan losses of $5,860,291 in 2017 and $5,105,255 in 2016 1,317,397,909 808,271,003
Bank premises and equipment, net 43,000,249 30,535,594
Foreclosed assets 3,254,392 2,386,239
Goodwill and core deposit intangible, net 50,836,840 6,635,655
Cash surrender value of life insurance 21,646,894 1,320,723
Other assets 13,232,247 9,508,899
Total assets 1,720,770,682 1,062,456,285
Deposits:    
Noninterest-bearing demand deposits 220,520,287 153,482,650
Interest-bearing demand deposits 231,643,508 162,702,457
Money market and savings deposits 543,644,830 274,604,724
Time deposits 442,774,094 316,275,340
Total deposits 1,438,582,719 907,065,171
Securities sold under agreement to repurchase 24,054,730 26,621,984
Federal Home Loan Bank advances and other borrowings 43,600,000 18,505,390
Accrued expenses and other liabilities 8,681,393 5,023,600
Total liabilities 1,514,918,842 957,216,145
Stockholders' equity:    
Preferred stock - $1 par value; 2,000,000 shares authorized; None issued and outstanding as of December 31, 2017; 12,000 issued and outstanding in 2016 0 12,000
Common stock - $1 par value; 40,000,000 shares authorized; 11,152,561 and 5,896,033 shares issued and outstanding in 2017 and 2016, respectively 11,152,561 5,896,033
Additional paid-in capital 174,008,753 83,463,051
Retained earnings 21,888,575 16,871,296
Accumulated other comprehensive loss (1,198,049) (1,002,240)
Total stockholders' equity 205,851,840 105,240,140
Total liabilities and stockholders' equity $ 1,720,770,682 $ 1,062,456,285