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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 18,102,415 $ 5,015,064
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion (3,717,501) (1,691,396)
Provision for loan losses 2,936,472 782,687
Stock compensation expense 396,897 154,296
Gains from redemption and sale of securities available-for-sale (1,255) (143,508)
Deferred income tax expense 2,431,705 1,599,000
Income on bank owned life insurance, net (595,718) (295,040)
Loss on disposal of fixed assets 41,215 0
Net gains from sale of loans and other assets (1,432,652) (1,275,925)
Net losses from sale of foreclosed assets 643,215 47,795
Loans originated for sale (52,070,349) (35,547,322)
Proceeds from sale of loans originated for sale 55,761,398 35,576,882
Changes in other assets and liabilities:    
Accrued interest receivable (377,666) (331,347)
Accrued interest payable 816,740 31,488
Other assets and liabilities (2,110,950) (2,682,548)
Net cash provided by operating activities 20,823,966 1,240,126
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of securities available-for-sale (72,149,260) (53,998,043)
Proceeds from sales, maturities, and paydowns of securities available-for-sale 93,478,332 82,636,066
(Purchase) redemption of restricted investments (4,053,000)  
(Purchase) redemption of restricted investments   246,350
Purchase of bank owned life insurance 0 (10,000,000)
Loan originations and principal collections, net (117,642,156) (66,724,124)
Purchase of bank premises and equipment (3,846,490) (2,798,898)
Proceeds from sale of foreclosed assets 4,972,526 82,864
Net cash and cash equivalents paid (received) in business combinations 4,365,193 (178,312)
Net cash used in investing activities (94,874,855) (50,734,097)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 95,073,483 50,474,866
Net decrease in securities sold under agreements to repurchase (12,599,642) (2,567,254)
Issuance of common stock 1,528,306 37,852,113
Payment of dividends on preferred stock 0 (195,000)
Redemption of preferred stock 0 (12,000,000)
Net proceeds from subordinated debt 39,158,444 0
Repayment of Federal Home Loan Bank advances and other borrowings (221,691,352) (119,196,383)
Proceeds from Federal Home Loan Bank advances and other borrowings 175,377,225 139,404,205
Net cash provided by financing activities 76,846,464 93,772,547
NET INCREASE IN CASH AND CASH EQUIVALENTS 2,795,575 44,278,576
CASH AND CASH EQUIVALENTS, beginning of year 113,026,884 68,748,308
CASH AND CASH EQUIVALENTS, end of year 115,822,459 113,026,884
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for interest 14,749,437 5,399,749
Cash paid during the period for income taxes 856,756 3,531,984
NONCASH INVESTING AND FINANCING ACTIVITIES    
Change in unrealized losses on securities available-for-sale 2,081,261 (2,276)
Acquisition of real estate through foreclosure 4,439,866 588,775
Transfer from Bank premises to foreclosed assets (1,289,102) 0
Change in goodwill due to acquisitions 23,212,962 38,707,620
Financed sales of foreclosed assets $ 1,601,471 $ 0