Note 19 - Condensed Parent Company Statements (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet [Table Text Block]

Condensed Balance Sheets	December 31,
	2014			2013
Assets
Cash	$	3,882,370		$	822,196
Available-for-sale securities		105,024			99,306
Investment in subsidiary		71,626,420			62,905,512
Investment in Capital Trust I & II		465,000			465,000
Prepaid expenses and other assets		15,954			173,698
Refundable income taxes		1,216,032			1,542,319
Deferred income taxes		7,947			-
	$	77,318,747		$	66,008,031
Liabilities
Subordinated debentures	$	15,465,000		$	15,465,000
Accrued expenses and other liabilities		370,000			172,986
Due to subsidiary		6,900			6,900
Deferred income taxes		-			7,912
Stockholders' equity
Series A preferred stock		-			11,983,790
Common stock		682,320			678,360
Additional paid-in capital		50,366,546			57,655,031
Retained earnings		48,549,691			43,769,485
Unrealized loss on available-for-sale securities, net		(448,421	)		(2,506,248	)
Treasury stock		(37,673,289	)		(61,225,185	)
	$	77,318,747		$	66,008,031

Condensed Income Statement [Table Text Block]

Condensed Statements of Income	Years ended December 31,
	2014			2013			2012
Income
Dividends from subsidiary bank	$	-		$	4,003,250		$	6,500,000
Interest income:
Related party		-			-			8,471
Other		16,069			16,152			19,510
		16,069			4,019,402			6,527,981
Expense
Interest expense:
Related party		533,207			537,178			556,159
Other		765,848			815,865			878,305
		1,299,055			1,353,043			1,434,464
Income (loss) before income taxes and equity in undistributed income (loss) of subsidiaries		(1,282,986	)		2,666,359			5,093,517
Credit for income taxes		(399,000	)		(412,000	)		(435,000	)
Income (loss) before equity in undistributed earnings of subsidiaries		(883,986	)		3,078,359			5,528,517
Equity in undistributed income (distribution in excess of income) of subsidiaries		6,666,682			2,161,348			(3,584,658	)
Net income	$	5,782,696		$	5,239,707		$	1,943,859

Condensed Cash Flow Statement [Table Text Block]

Condensed Statements of Cash Flows	Years ended December 31,
	2014			2013			2012
Cash Flows From Operating Activities
Net income	$	5,782,696		$	5,239,707		$	1,943,859
Items not requiring (providing) cash:
(Equity in undistributed income) distributions in excess of income of subsidiaries		(6,666,682	)		(2,161,349	)		3,584,658
Deferred income taxes		(17,976	)		-			-
Release of ESOP shares		-			-			153,848
Stock award plan expense		242,189			254,508			253,017
Changes in:
Prepaid expenses and other assets		157,745			(138,119	)		147,929
Income taxes payable/refundable		326,287			(390,000	)		(435,000	)
Accrued expenses		55,519			8,723			9,058
Net cash provided by (used in) operating activities		(120,222	)		2,813,470			5,657,369
Cash Flows From Financing Activities
Proceeds from issuance of common stock		15,814,312			-			-
Stock options exercised		210,870			9,408			12,388
Cash dividends paid on common and preferred stock		(844,786	)		(600,000	)		(744,444	)
Treasury stock purchased		-			(106,636	)		(25,736	)
Repayment of advances from subsidiary		-			27,695			500
Repurchase of stock warrants		-			(2,003,250	)		-
Redemption of preferred stock		(12,000,000	)		-			(5,000,000	)
Net cash provided by (used in) financing activities		3,180,396			(2,672,783	)		(5,757,292	)
Increase (Decrease) in cash		3,060,174			140,687			(99,923	)
Cash, beginning of year		822,196			681,509			781,432
Cash, end of year	$	3,882,370		$	822,196		$	681,509

Condensed Statement of Comprehensive Income [Table Text Block]

Statements of Comprehensive Income	Years ended December 31,
	2014		2013			2012
NET INCOME	$	5,782,696	$	5,239,707		$	1,943,859
OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS):
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes		5,718		28,392			8,652
Income tax expense related to other items of comprehensive income		2,117		10,505			3,200
Other comprehensive income		3,601		17,887			5,452
Comprehensive income (loss) of Bank		2,054,226		(3,324,961	)		4,089
TOTAL COMPREHENSIVE INCOME	$	7,840,523	$	1,932,633		$	1,953,400