XML 29 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income (FY) - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
INTEREST INCOME    
Loans, including fees $ 48,805,647 $ 39,763,582
Securities and interest bearing deposits at other financial institutions 2,862,825 2,553,652
Federal funds sold and other earning assets 353,924 247,157
Total interest income 52,022,396 42,564,391
INTEREST EXPENSE    
Deposits 5,518,350 4,105,304
Securities sold under agreements to repurchase 61,933 65,276
Federal Home Loan Bank advances and other borrowings 113,070 129,102
Total interest expense 5,693,353 4,299,682
Net interest income before provision for loan losses 46,329,043 38,264,709
Provision for loan losses 782,687 787,545
Net interest income after provision for loan losses 45,546,356 37,477,164
NONINTEREST INCOME    
Customer service fees 1,374,068 1,127,814
Gain on sale of securities 143,508 199,587
Gain on sale of loans and other assets 1,275,925 948,080
(Loss) gain on sale of foreclosed assets (47,795) 191,050
Other noninterest income 2,233,787 1,716,794
Total noninterest income 4,979,493 4,183,325
NONINTEREST EXPENSES    
Salaries and employee benefits 20,743,153 17,715,222
Net occupancy and equipment expense 4,271,289 3,995,631
Depository insurance 465,844 605,917
Foreclosed assets 83,908 236,148
Advertising 637,600 615,751
Data processing 1,875,462 1,893,386
Professional services 2,084,735 2,122,845
Amortization of intangible assets 346,435 305,452
Service contracts 1,398,018 1,154,003
Merger expenses 2,417,070 0
Other operating expenses 4,758,480 3,855,246
Total noninterest expenses 39,081,994 32,499,601
Income before income tax expense 11,443,855 9,160,888
Income tax expense 6,428,791 3,362,080
Net income 5,015,064 5,798,808
Preferred stock dividends 195,000 1,022,000
Net income available to common shareholders $ 4,820,064 $ 4,776,808
EARNINGS PER COMMON SHARE    
Basic (in dollars per share) $ 0.56 $ 0.82
Diluted (in dollars per share) $ 0.55 $ 0.78
Weighted average common shares outstanding    
Basic (in shares) 8,639,212 5,838,574
Diluted (in shares) 8,793,527 6,118,943