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Note 14 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
   

Years Ended December 31,

 
   

2015

   

2014

 
           

(As restated)

 
Current                

Federal

  $ 53,145     $ 158,837  

State

    -       -  
      53,145       158,837  

Deferred

               

Federal

    1,493,055       816,263  

State

    291,129       373,909  
      1,784,184       1,190,172  

Total

  $ 1,837,329     $ 1,349,009  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   

Years Ended December 31,

 
   

2015

   

2014

 
           

(As restated)

 

Expected income tax expense at 34%

  $ 2,216,985     $ 1,849,135  

State income taxes, net of federal income tax

    196,070       246,780  

Tax exempt interest

    (573,939 )     (515,920 )

Cash surrender value of life insurance

    (159,877 )     (168,553 )

Other expenses and adjustments

    158,090       (62,433 )

Total

  $ 1,837,329     $ 1,349,009  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   

December 31,

 
   

2015

   

2014

 
            (As restated)  

Deferred income tax assets

               

Deferred directors' fees

  $ 174,370     $ 300,102  

Allowance for credit losses

    2,823,230       2,819,764  

Employee benefits

    295,387       184,657  

Alternative minimum tax credits

    347,860       299,278  

Other

    268,145       49,712  

Net operating loss carryovers

    4,873,610       6,437,406  

Total deferred tax asset

    8,782,602       10,090,919  

Valuation allowance

    (84,650 )     (85,023 )
      8,697,952       10,005,896  

Deferred income tax liabilities

               

Depreciation and amortization

    387,564       121,471  

Carrying value – land

    366,400       373,000  

Mortgage servicing rights

    400,151       391,859  

Deferred loan origination fees and costs

    547,745       326,422  

Loan mark-to-market

    28,411       41,279  
      1,730,271       1,254,031  

Net deferred income tax asset

  $ 6,967,681     $ 8,751,865