Note 11 - Disclosures about Fair Value of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

As of December 31, 2012
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Equity securities:
Other	$	71	$	-	$	-	$	71
Debt securities:
U.S. government agencies		-		38,351		-		38,351
U.S. corporate		-		1,908		-		1,908
Municipals		-		10,378		-		10,378
Government sponsored mortgage-backed securities		-		51,273		-		51,273
Available-for-sale securities	$	71	$	101,910	$	-	$	101,981

As of December 31, 2011
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Equity securities:
Other	$	62	$	-	$	-	$	62
Debt securities:
U.S. government agencies		-		34,727		-		34,727
U. S. treasuries		2,043		-		-		2,043
Municipals		-		4,144		-		4,144
Government sponsored mortgage-backed securities		-		40,089		-		40,089
Available-for-sale securities	$	2,105	$	78,960	$	-	$	81,065

Fair Value Measurements, Nonrecurring [Table Text Block]

Impaired loans:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
December 31, 2012	$	-	$	-	$	10,557	$	10,557
December 31, 2011	$	-	$	-	$	11,243	$	11,243

Foreclosed assets held for sale:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
December 31, 2012	$	-	$	-	$	3,883	$	3,883
December 31, 2011	$	-	$	-	$	3,626	$	3,626

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

	Fair Value December 31, 2012		Valuation Technique	Unobservable Input	Range  (Weighted Average)
Impaired loans (collateral dependent)	$	9,022	Market Comparable	Discount to reflect realizable value		0%	-	100%	(5%)
Impaired loans	$	1,535	Discounted cash flow	Discount rate		0%	-	17%	(17%)
Foreclosed assets held for sale	$	3,883	Market Comparable	Discount to reflect realizable value		0%	-	44%	(15%)

Fair Value, by Balance Sheet Grouping [Table Text Block]

	December 31, 2012						December 31, 2011
	Carrying Amount		Fair Value		Hierarchy Level		Carrying Amount		Fair Value		Hierarchy Level
Financial assets:
Cash and cash equivalents	$	41,663,405	$	41,663,405		1	$	26,574,082	$	26,574,082		1
Interest-bearing deposits		-		-		-		5,587,654		5,587,654		2
Held-to-maturity securities		181,042		193,482		2		218,571		235,574		2
Federal Home Loan Bank stock		3,805,500		3,805,500		2		3,846,900		3,846,900		2
Mortgage loans held for sale		2,843,757		2,843,757		2		3,702,849		3,702,849		2
Loans, net		465,531,973		475,374,676		3		478,960,736		485,714,408		3
Interest receivable		2,055,369		2,055,369		2		2,139,320		2,139,320		2
Financial liabilities:
Deposits		500,014,715		500,580,070		2		484,583,665		485,803,947		2
Federal Home Loan Bank advances		68,050,000		72,035,160		2		68,050,000		70,815,606		2
Securities sold under agreements to repurchase		25,000,000		25,114,464		2		25,000,000		25,025,344		2
Subordinated debentures		15,465,000		15,465,000		3		15,465,000		15,465,000		3
Interest payable		399,684		399,684		2		518,881		518,881		2
Unrecognized financial instruments (net of contractual value):
Commitments to extend credit		-		-		-		-		-		-
Unused lines of credit		-		-		-		-		-		-