Note 7 - Deposits

12 Months Ended

Dec. 31, 2014

Disclosure Text Block [Abstract]

Deposit Liabilities Disclosures [Text Block]

NOTE 7:             DEPOSITS

Deposits are comprised of the following at December 31, 2014 and 2013:

	December 31, 2014								December 31, 2013
	Weighted Average Rate			Balance		Percentage of Deposits			Weighted Average Rate			Balance		Percentage of Deposits
Demand		0.00	%	$	51,707,667		10.8	%		0.00	%	$	48,677,819		10.0	%
NOW		0.34	%		111,561,440		23.3	%		0.35	%		86,601,344		17.8	%
Money market		0.43	%		171,948,057		35.8	%		0.47	%		204,740,175		42.0	%
Savings		0.20	%		23,619,332		4.9	%		0.21	%		23,726,095		4.9	%
		0.32	%		358,836,496		74.8	%		0.36	%		363,745,433		74.6	%
Certificates:
0% - 1.99%		0.84	%		117,499,869		24.5	%		0.78	%		117,625,137		24.1	%
2.00% - 3.99%		2.27	%		3,481,917		0.7	%		2.46	%		5,259,772		1.1	%
4.00% - 6.00%		0.00	%		-		0.0	%		4.28	%		688,597		0.1	%
		0.88	%		120,981,786		25.2	%		0.87	%		123,573,506		25.4	%
Total Deposits		0.47	%	$	479,818,282		100.0	%		0.49	%	$	487,318,939		100.0	%

The aggregate amount of certificates of deposit with a minimum balance of $100,000 was approximately $64,768,000 and $60,941,000, as of December 31, 2014 and 2013, respectively.

A summary of certificates of deposit by maturity as of December 31, 2014, is as follows:

2015	$	62,038,920
2016		26,874,655
2017		19,020,119
2018		5,229,749
2019		4,701,854
Thereafter		3,116,489
	$	120,981,786

A summary of interest expense on deposits is as follows:

	Years ended
	December 31,
	2014			2013			2012
NOW and Money Market accounts	$	1,242,158		$	1,521,465		$	2,011,796
Savings accounts		49,071			53,647			80,968
Certificate accounts		1,050,081			1,295,864			1,999,060
Early withdrawal penalties		(12,220	)		(11,378	)		(15,630	)
	$	2,329,090		$	2,859,598		$	4,076,194

The Bank utilizes brokered deposits as an additional funding source. The aggregate amount of brokered deposits was approximately $50,331,000 and $53,176,000 as of December 31, 2014 and 2013, respectively.