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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 42,375,257 $ 64,097,287
Interest-bearing deposits at other financial institutions 87,728,951 41,965,597
Federal funds sold 0 6,964,000
Total cash and cash equivalents 130,104,208 113,026,884
Securities available-for-sale, at fair value 173,038,716 151,944,567
Restricted investments, at cost 10,735,550 6,430,700
Loans, net of allowance for loan losses of $7,156,025 at September 30, 2018 and $5,860,291 at December 31, 2017 1,578,037,643 1,317,397,909
Bank premises and equipment, net 51,138,105 43,000,249
Foreclosed assets 4,230,451 3,254,392
Goodwill and core deposit intangible, net 68,253,527 50,836,840
Cash surrender value of life insurance 22,088,149 21,646,894
Other assets 13,319,698 13,232,247
Total assets 2,050,946,047 1,720,770,682
Deposits:    
Noninterest-bearing demand deposits 301,197,142 220,520,287
Interest-bearing demand deposits 267,146,177 231,643,508
Money market and savings deposits 570,171,632 543,644,830
Time deposits 568,796,395 442,774,094
Total deposits 1,707,311,346 1,438,582,719
Securities sold under agreement to repurchase 16,786,492 24,054,730
Federal Home Loan Bank advances and other borrowings 25,324,000 43,600,000
Subordinated debt 39,158,444 0
Accrued expenses and other liabilities 10,723,902 8,681,393
Total liabilities 1,799,304,184 1,514,918,842
Shareholders' equity:    
Preferred stock - $1 par value; 2,000,000 shares authorized; None issued and outstanding as of September 30,2018 and December 31,2017 0 0
Common stock - $1 par value; 40,000,000 shares authorized; 12,750,272 and 11,152,561 shares issued and outstanding in 2018 and 2017, respectively 12,750,272 11,152,561
Additional paid-in capital 208,998,738 174,008,753
Retained earnings 33,558,861 21,888,575
Accumulated other comprehensive loss (3,666,008) (1,198,049)
Total shareholders' equity 251,641,863 205,851,840
Total liabilities and shareholders' equity $ 2,050,946,047 $ 1,720,770,682