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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
INTEREST INCOME    
Loans, including fees $ 86,469,051 $ 48,805,647
Securities and interest-bearing deposits at other financial institutions 5,147,002 2,862,825
Federal funds sold and other earning assets 594,093 353,924
Total interest income 92,210,146 52,022,396
INTEREST EXPENSE    
Deposits 14,288,090 5,518,350
Securities sold under agreements to repurchase 44,509 61,933
Subordinated debt 603,045 0
Federal funds purchased and other borrowings 630,533 113,070
Total interest expense 15,566,177 5,693,353
Net interest income before provision for loan losses 76,643,969 46,329,043
Provision for loan losses 2,936,472 782,687
Net interest income after provision for loan losses 73,707,497 45,546,356
NONINTEREST INCOME    
Customer service fees 2,416,126 1,374,068
Interchange and debit card transaction fees 573,194 952,294
Gain on sale of securities 1,255 143,508
Gain on sale of loans and other assets 1,432,652 1,275,925
Other noninterest income 2,160,888 1,281,493
Total noninterest income 6,584,115 5,027,288
NONINTEREST EXPENSES    
Salaries and employee benefits 30,629,961 20,743,153
Net occupancy and equipment expense 6,303,466 4,271,289
FDIC insurance 786,105 465,844
Foreclosed assets 775,535 131,703
Advertising 872,547 637,600
Data processing 1,905,777 1,875,462
Professional services 3,647,164 2,084,735
Amortization of intangible assets 976,195 346,435
Software as services contracts 2,054,411 1,398,018
Merger expenses 3,780,785 2,417,070
Other operating expenses 7,223,848 4,758,480
Total noninterest expenses 58,955,794 39,129,789
Income before income tax expense 21,335,818 11,443,855
Income tax expense 3,233,403 6,428,791
Net income 18,102,415 5,015,064
Preferred stock dividends 0 195,000
Net income available to common stockholders $ 18,102,415 $ 4,820,064
EARNINGS PER COMMON SHARE    
Basic (in dollars per share) $ 1.46 $ 0.56
Diluted (in dollars per share) $ 1.45 $ 0.55
Weighted average common shares outstanding    
Basic (in shares) 12,423,618 8,639,212
Diluted (in shares) 12,517,640 8,793,527