Note 3 - Securities (Tables)

9 Months Ended

Sep. 30, 2016

Held-to-maturity Securities [Member]

Notes Tables

Held-to-maturity Securities [Table Text Block]

	Amortized Cost		Approximate Fair Value
Government sponsored mortgage-backed securities not due on a single maturity date	$	30,363	$	31,031

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Approximate Fair Value
As of September 30, 2016
Equity Securities	$	102,212	$	8,883	$	(17,176	)	$	93,919
Debt Securities:
Municipals		39,461,752		818,344		(42,386	)		40,237,710
Corporates		5,994,436		60,880		(88,091	)		5,967,225
Government sponsored mortgage-backed securities and SBA loan pools		50,081,162		318,725		(125,695	)		50,274,192
	$	95,639,562	$	1,206,832	$	(273,348	)	$	96,573,046

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Approximate Fair Value
As of December 31, 2015
Equity Securities	$	102,212	$	10,081	$	(12,776	)	$	99,517
Debt Securities:
U. S. government agencies		8,533,885		-		(137,101	)		8,396,784
Municipals		31,132,635		302,335		(85,808	)		31,349,162
Corporates		3,965,719		-		(152,019	)		3,813,700
Government sponsored mortgage-backed securities and SBA loan pools		54,643,681		13,764		(1,024,121	)		53,633,324
	$	98,378,132	$	326,180	$	(1,411,825	)	$	97,292,487

Available-for-sale Securities [Table Text Block]

			Amortized Cost		Approximate Fair Value
1	-	5 years	$	1,298,090	$	1,307,722
6	-	10 years		10,344,524		10,556,820
After 10 years				33,813,574		34,340,393
Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date				50,081,162		50,274,192
			$	95,537,350	$	96,479,127

Held-to-maturity Securities [Table Text Block]

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Approximate Fair Value
As of September 30, 2016
Debt Securities:
Government sponsored mortgage-backed securities	$	30,363	$	673	$	(5	)	$	31,031

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Approximate Fair Value
As of December 31, 2015
Debt Securities:
Government sponsored mortgage-backed securities	$	43,099	$	836	$	-	$	43,935

Schedule of Unrealized Loss on Investments [Table Text Block]

	September 30, 2016
	Less than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Equity Securities	$	-	$	-		$	30,751	$	(17,176	)	$	30,751	$	(17,176	)
Municipals		5,529,687		(41,862	)		182,900		(524	)		5,712,587		(42,386	)
Corporates		-		-			3,019,725		(88,091	)		3,019,725		(88,091	)
Government sponsored mortgage-backed securities and SBA loan pools		22,214,153		(110,431	)		1,539,244		(15,269	)		23,753,397		(125,700	)
	$	27,743,840	$	(152,293	)	$	4,772,620	$	(121,060	)	$	32,516,460	$	(273,353	)

	December 31, 2015
	Less than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Equity Securities	$	-	$	-		$	35,151	$	(12,776	)	$	35,151	$	(12,776	)
U. S. government agencies		6,399,920		(83,965	)		1,996,864		(53,136	)		8,396,784		(137,101	)
Municipals		6,167,019		(70,266	)		715,410		(15,542	)		6,882,429		(85,808	)
Corporates		1,675,500		(79,708	)		2,138,200		(72,311	)		3,813,700		(152,019	)
Government sponsored mortgage-backed securities and SBA loan pools		33,072,102		(493,865	)		15,923,314		(530,256	)		48,995,416		(1,024,121	)
	$	47,314,541	$	(727,804	)	$	20,808,939	$	(684,021	)	$	68,123,480	$	(1,411,825	)