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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 40,015,438 $ 64,097,287
Interest-bearing deposits at other financial institutions 75,807,021 41,965,597
Federal funds sold 0 6,964,000
Total cash and cash equivalents 115,822,459 113,026,884
Securities available-for-sale 201,687,683 151,944,567
Restricted investments, at cost 11,499,000 6,430,700
Loans, net of allowance for loan losses of $8,275,055 in 2018 and $5,860,291 in 2017 1,768,963,569 1,317,397,909
Bank premises and equipment, net 56,012,184 43,000,249
Foreclosed assets 2,495,458 3,254,392
Goodwill and core deposit intangible, net 79,033,607 50,836,840
Cash surrender value of life insurance 24,381,485 21,646,894
Other assets 14,513,890 13,232,247
Total assets 2,274,409,335 1,720,770,682
Deposits:    
Noninterest-bearing demand deposits 319,861,237 220,520,287
Interest-bearing demand deposits 311,482,434 231,643,508
Money market and savings deposits 641,944,880 543,644,830
Time deposits 648,675,440 442,774,094
Total deposits 1,921,963,991 1,438,582,719
Securities sold under agreement to repurchase 11,755,923 24,054,730
Federal funds purchased and other borrowings 11,242,533 43,600,000
Subordinated debt 39,176,947 0
Accrued expenses and other liabilities 7,258,460 8,681,393
Total liabilities 1,991,397,854 1,514,918,842
Stockholders' equity:    
Preferred stock - $1 par value; 2,000,000 shares authorized; None issued and outstanding as of December 31, 2018 and 2017 0 0
Common stock - $1 par value; 40,000,000 shares authorized; 13,933,504 and 11,152,561 shares issued and outstanding in 2018 and 2017, respectively 13,933,504 11,152,561
Additional paid-in capital 231,851,730 174,008,753
Retained earnings 39,990,990 21,888,575
Accumulated other comprehensive loss (2,764,743) (1,198,049)
Total stockholders' equity 283,011,481 205,851,840
Total liabilities and stockholders' equity $ 2,274,409,335 $ 1,720,770,682