Note 7 - Deposits

12 Months Ended

Dec. 31, 2013

Disclosure Text Block [Abstract]

Deposit Liabilities Disclosures [Text Block]

NOTE 7:     DEPOSITS

Deposits are comprised of the following at December 31, 2013 and 2012:

			December 31, 2013								December 31, 2012
			Weighted Average Rate			Balance		Percentage of Deposits			Weighted Average Rate			Balance		Percentage of Deposits
Demand				0.00	%	$	48,677,819		10.0	%		0.00	%	$	48,862,874		9.8	%
NOW				0.35	%		86,601,344		17.8	%		0.41	%		86,422,323		17.3	%
Money market				0.47	%		204,740,175		42.0	%		0.63	%		191,054,957		38.2	%
Savings				0.21	%		23,726,095		4.9	%		0.14	%		23,659,368		4.7	%
				0.36	%		363,745,433		74.6	%		0.45	%		349,999,522		70.0	%
Certificates:
0%	-	1.99%		0.78	%		117,625,137		24.1	%		0.93	%		139,257,653		27.9	%
2.00%	-	3.99%		2.46	%		5,259,772		1.1	%		2.59	%		7,049,432		1.4	%
4.00%	-	6.00%		4.28	%		688,597		0.1	%		5.03	%		3,708,108		0.7	%
				0.87	%		123,573,506		25.4	%		1.11	%		150,015,193		30.0	%
Total Deposits				0.49	%	$	487,318,939		100.0	%		0.65	%	$	500,014,715		100.0	%

The aggregate amount of certificates of deposit with a minimum balance of $100,000 was approximately $60,941,000 and $71,780,000, as of December 31, 2013 and 2012, respectively.

A summary of certificates of deposit by maturity as of December 31, 2013, is as follows:

2014	$	72,509,857
2015		30,062,334
2016		9,257,696
2017		6,106,503
2018		3,226,028
Thereafter		2,411,088
	$	123,573,506

A summary of interest expense on deposits is as follows:

	Years ended December 31,
	2013			2012			2011
NOW and Money Market accounts	$	1,521,465		$	2,011,796		$	2,580,341
Savings accounts		53,647			80,968			118,432
Certificate accounts		1,295,864			1,999,060			3,099,265
Early withdrawal penalties		(11,378	)		(15,630	)		(19,775	)
	$	2,859,598		$	4,076,194		$	5,778,263

The Bank utilizes brokered deposits as an additional funding source. The aggregate amount of brokered deposits was approximately $53,176,000 and $49,072,000 as of December 31, 2013 and 2012, respectively.