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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 13,581,550 $ 11,726,282
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,117,278 2,700,000
Depreciation 1,439,259 1,334,181
Amortization of purchase accounting valuations and intangibles 3,495,744 2,409,426
Net amortization of mortgage servicing asset 150,014 190,558
Federal Home Loan Bank stock dividends (83,100) (63,200)
Net amortization of premium on investments 1,269,454 1,185,643
Gain on loans sold, net (918,731) (1,205,815)
Proceeds, including principal payments, from loans held for sale 94,171,150 119,140,089
Originations of loans held for sale (94,713,714) (122,926,413)
Non-cash compensation 1,565,941 1,126,564
Deferred income tax benefit (315,105) (809,823)
Decrease (increase) in interest receivable and other assets 1,459,376 290,256
Increase in cash surrender value of bank-owned life insurance (360,874) (361,298)
Decrease in accrued interest payable and other liabilities (63,542) (5,025,195)
Net cash provided by operating activities 21,794,700 9,711,255
Cash flows from investing activities:    
Purchases of securities available for sale (48,408,171) (21,751,932)
Purchases of securities held to maturity 0 0
Proceeds from maturities, prepayments and calls on securities available for sale 29,022,417 27,705,751
Proceeds from maturities, prepayments and calls on securities held to maturity   235,000
Net (increase) decrease in loans (2,516,314) (10,845,158)
Reimbursement from FDIC for covered assets 141,635 51,128
Decrease in interest bearing deposits in other banks 693,000 3,014,585
Proceeds from sale of repossessed assets 2,632,000 883,798
Purchases of office properties and equipment (1,360,036) (3,399,917)
Proceeds from sale of properties and equipment 639,770 4,335,095
Proceeds from redemption of Federal Home Loan Bank stock 4,180,100  
Net cash (used in) provided by investing activities (14,975,599) 228,350
Cash flows from financing activities:    
Increase (decrease) in deposits 71,644,739 (23,308,435)
Borrowings on Federal Home Loan Bank advances 130,750,000 2,496,429,496
Repayments of Federal Home Loan Bank advances (184,462,674) (2,482,629,802)
Purchase of Company's common stock (48,191) (335,872)
Proceeds from exercise of stock options 650,767 1,176,019
Issuance of stock under incentive plans (15,103) (5,740)
Payment of dividends on common stock (3,027,826) (2,109,790)
Net cash provided by (used in) financing activities 15,491,712 (10,784,124)
Net change in cash and cash equivalents 22,310,813 (844,519)
Cash and cash equivalents at beginning of year 29,314,741 24,797,599
Cash and cash equivalents at end of period $ 51,625,554 $ 23,953,080