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

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

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

3/31/2014
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Equity securities	$	105	$	-	$	-	$	105
Debt securities:
U.S. government agencies		-		25,597		-		25,597
Municipals		-		14,608		-		14,608
Government sponsored mortgage-backed securities		-		58,922		-		58,922
Available-for-sale securities	$	105	$	99,127	$	-	$	99,232

12/31/2013
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Equity securities	$	99	$	-	$	-	$	99
Debt securities:
U.S. government agencies		-		31,762		-		31,762
Municipals		-		13,493		-		13,493
Corporate Bonds		-		994		-		994
Government sponsored mortgage-backed securities		-		51,345		-		51,345
Available-for-sale securities	$	99	$	97,594	$	-	$	97,693

Fair Value Measurements, Nonrecurring [Table Text Block]

Impaired loans:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
March 31, 2014	$	-	$	-	$	4,257	$	4,257
December 31, 2013	$	-	$	-	$	10,305	$	10,305

Foreclosed assets held for sale:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
March 31, 2014	$	-	$	-	$	-	$	-
December 31, 2013	$	-	$	-	$	2,340	$	2,340

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

	Fair Value March 31, 2014		Valuation Technique	Unobservable Input	Range (Weighted Average)
Impaired loans (collateral dependent)	$	4,257	Market Comparable	Discount to reflect realizable value		0%-100%	(21%)
Impaired loans	$	-	Discounted cash flow	Discount rate		0%
Foreclosed assets held for sale	$	-	Market Comparable	Discount to reflect realizable value		0%

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

	March 31, 2014
	Carrying Amount		Fair Value		Hierarchy Level
Financial assets:
Cash and cash equivalents	$	49,242,713	$	49,242,713		1
Held-to-maturity securities		74,483		76,266		2
Federal Home Loan Bank stock		2,836,900		2,836,900		2
Mortgage loans held for sale		550,430		550,430		2
Loans, net		446,214,333		447,800,778		3
Interest receivable		1,663,331		1,663,331		2
Financial liabilities:
Deposits		491,400,718		481,628,543		2
Federal Home Loan Bank advances		52,350,000		54,416,600		2
Securities sold under agreements to repurchase		10,000,000		10,528,208		2
Subordinated debentures		15,465,000		15,465,000		3
Interest payable		235,270		235,270		2
Unrecognized financial instruments (net of contractual value):
Commitments to extend credit		-		-		-
Unused lines of credit		-		-		-

	December 31, 2013
	Carrying Amount		Fair Value		Hierarchy Level
Financial assets:
Cash and cash equivalents	$	12,303,200	$	12,303,200		1
Held-to-maturity securities		79,162		81,089		2
Federal Home Loan Bank stock		2,885,100		2,885,100		2
Mortgage loans held for sale		623,432		623,432		2
Loans, net		464,379,854		466,057,001		3
Interest receivable		1,852,641		1,852,641		2
Financial liabilities:
Deposits		487,318,939		476,503,513		2
FHLB and Federal Reserve advances		55,350,000		57,185,083		2
Securities sold under agreements to repurchase		10,000,000		7,978,555		2
Subordinated debentures		15,465,000		15,465,000		3
Interest payable		250,361		250,361		2
Unrecognized financial instruments (net of contractual value):
Commitments to extend credit		-		-		-
Unused lines of credit		-		-		-