Note 8 - Disclosures about Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

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

June 30, 2013
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Equity securities	$	87	$	-	$	-	$	87
Debt securities:
U.S. government agencies		-		40,739		-		40,739
Municipals		-		12,881		-		12,881
Corporate Bonds		-		978		-		978
Government sponsored mortgage-backed securities		-		54,575		-		54,575
Available-for-sale securities	$	87	$	109,173	$	-	$	109,260

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

Fair Value Measurements, Nonrecurring [Table Text Block]

Impaired loans:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
June 30, 2013	$	-	$	-	$	8,909	$	8,909
December 31, 2012	$	-	$	-	$	10,557	$	10,557

Foreclosed assets held for sale:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
June 30, 2013	$	-	$	-	$	341	$	341
December 31, 2012	$	-	$	-	$	3,883	$	3,883

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

	Fair Value June 30, 2013		Valuation Technique	Unobservable Input	Range (Weighted Average)
Impaired loans (collateral dependent)	$	7,416	Market Comparable	Discount to reflect realizable value		0%	-	100%	(	13%	)
Impaired loans	$	1,493	Discounted cash flow	Discount rate			0%		(	0%	)
Foreclosed assets held for sale	$	341	Market Comparable	Discount to reflect realizable value		0%	-	68%	(	14%	)

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

	June 30, 2013
	Carrying Amount		Fair Value		Hierarchy Level
Financial assets:
Cash and cash equivalents	$	23,855,188	$	23,855,188		1
Held-to-maturity securities		89,213		94,222		2
Federal Home Loan Bank stock		3,147,400		3,147,400		2
Mortgage loans held for sale		1,296,003		1,296,003		2
Loans, net		459,646,868		463,101,272		3
Interest receivable		2,003,836		2,003,836		2
Financial liabilities:
Deposits		511,889,458		503,670,848		2
Federal Home Loan Bank advances		52,950,000		54,946,144		2
Securities sold under agreements to repurchase		10,000,000		10,049,349		2
Subordinated debentures		15,465,000		15,465,000		3
Interest payable		270,904		270,904		2
Unrecognized financial instruments (net of contractual value):
Commitments to extend credit		-		-		-
Unused lines of credit		-		-		-

	December 31, 2012
	Carrying Amount		Fair Value		Hierarchy Level
Financial assets:
Cash and cash equivalents	$	41,663,405	$	41,663,405		1
Held-to-maturity securities		181,042		193,482		2
Federal Home Loan Bank stock		3,805,500		3,805,500		2
Mortgage loans held for sale		2,843,757		2,843,757		2
Loans, net		465,531,973		475,374,676		3
Interest receivable		2,055,369		2,055,369		2
Financial liabilities:
Deposits		500,014,715		500,580,070		2
Federal Home Loan Bank advances		68,050,000		72,035,160		2
Securities sold under agreements to repurchase		25,000,000		25,114,464		2
Subordinated debentures		15,465,000		15,465,000		3
Interest payable		399,684		399,684		2
Unrecognized financial instruments (net of contractual value):
Commitments to extend credit		-		-		-
Unused lines of credit		-		-		-