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Note 19 - Condensed Parent Company Statements (Tables)
 12 Months Ended
Dec. 31, 2017
Notes Tables  
Condensed Balance Sheet [Table Text Block]
Condensed Balance Sheets
 
December 31,
  
   
2017
    
2016
  
Assets
 
 
 
 
  
 
 
 
Cash
   $
713,996
     $
1,571,915
  
Available-for-sale securities
    
-
      
-
  
Investment in subsidiary
    
89,319,774
      
83,946,411
  
Investment in Capital Trust I & II
    
465,000
      
465,000
  
Prepaid expenses and other assets
    
19,148
      
14,597
  
Deferred and receivable income taxes
    
469,020
      
-
  
    $
90,986,938
     $
85,997,923
  
Liabilities
 
 
 
 
  
 
 
 
Subordinated debentures
   $
15,465,000
     $
15,465,000
  
Accrued expenses and other liabilities
    
623,545
      
551,643
  
Due to subsidiary
    
6,900
      
6,900
  
                 
Stockholders' equity
 
 
 
 
  
 
 
 
Common stock
    
687,850
      
687,550
  
Additional paid-in capital
    
50,856,069
      
50,552,077
  
Retained earnings
    
60,679,308
      
57,347,282
  
Unrealized loss on available-for-sale securities, net
    
(206,193
 )    
(1,309,241
 )
Treasury stock
    
(37,125,541
 )    
(37,303,288
 )
    $
90,986,938
     $
85,997,923
  
Condensed Income Statement [Table Text Block]
Condensed Statements of Income
 
Years ended December 31,
  
   
2017
    
2016
    
2015
  
                         
Income
                        
Dividends from subsidiary bank
   $
2,000,000
     $
-
     $
-
  
Interest income:
                        
Other
    
19,017
      
50,332
      
16,200
  
     
2,019,017
      
50,332
      
16,200
  
Expense
                        
Interest expense:
                        
Related party
    
631,202
      
579,410
      
538,785
  
Other
    
1,158,462
      
931,816
      
734,780
  
     
1,789,664
      
1,511,226
      
1,273,565
  
Income (loss) before income taxes and equity in undistributed income (loss) of subsidiaries
    
229,353
      
(1,460,894
 )    
(1,257,365
 )
Credit for income taxes
    
(689,813
 )    
(435,000
 )    
(415,000
 )
Income (loss) before equity in undistributed earnings of subsidiaries
    
919,166
      
(1,025,894
 )    
(842,365
 )
Equity in undistributed income of subsidiaries
    
4,238,498
      
6,619,905
      
6,559,132
  
Net income
   $
5,157,664
     $
5,594,011
     $
5,716,767
  
Condensed Cash Flow Statement [Table Text Block]
Condensed Statements of Cash Flows
 
Years ended December 31,
  
   
2017
    
2016
    
2015
  
                         
Cash Flows From Operating Activities
 
 
 
 
  
 
 
 
  
 
 
 
                         
Net income
   $
5,157,664
     $
5,594,011
     $
5,716,767
  
Items not requiring (providing) cash:
                        
Equity in undistributed income of subsidiaries
    
(4,238,498
 )    
(6,619,905
 )    
(6,559,132
 )
Deferred income taxes
    
-
      
8,988
      
-
  
Stock award plan expense
    
466,469
      
373,782
      
285,589
  
Gain on investment securities
    
-
      
(18,889
 )    
-
  
Changes in:
                        
Prepaid expenses and other assets
    
(73,584
 )    
(700
 )    
2,060
  
Income taxes payable/refundable
    
(420,444
 )    
139,837
      
1,096,653
  
Accrued expenses
    
2,390
      
32,450
      
(95,779
 )
Net cash provided by (used in) operating activities
    
893,997
      
(490,426
 )    
446,158
  
                         
Cash Flows From Investing Activities
 
 
 
 
  
 
 
 
  
 
 
 
Proceeds from sales of AFS securities
    
-
      
121,101
      
-
  
Net cash provided by investing activities
    
-
      
121,101
      
-
  
                         
Cash Flows From Financing Activities
 
 
 
 
  
 
 
 
  
 
 
 
Stock options exercised
    
15,570
      
85,800
      
187,129
  
Cash dividends paid on common and preferred stock
    
(1,767,486
 )    
(1,415,180
 )    
(873,499
 )
Treasury Stock purchased
    
-
      
(371,538
 )    
-
  
Net cash provided by (used in) financing activities
    
(1,751,916
 )    
(1,700,918
 )    
(686,370
 )
                         
Increase (Decrease) in cash
   
(857,919
 )    
(2,070,243
 )    
(240,212
 )
                         
Cash, beginning of year
   
1,571,915
      
3,642,158
      
3,882,370
  
                         
Cash, end of year
  $
713,996
     $
1,571,915
     $
3,642,158
  
Condensed Statement of Comprehensive Income [Table Text Block]
Statements of Comprehensive Income
 
Years ended December 31,
  
   
2017
    
2016
    
2015
  
NET INCOME
  $
5,157,664
     $
5,594,011
     $
5,716,767
  
OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS):
 
 
 
 
  
 
 
 
  
 
 
 
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes
    
-
      
2,695
      
(5,507
 )
Income tax expense related to other items of comprehensive income
    
-
      
(997
 )    
2,038
  
Other comprehensive income (loss)
    
-
      
3,692
      
(7,545
 )
Comprehensive income (loss) of Bank
    
1,103,048
      
(628,977
 )    
(227,990
 )
TOTAL COMPREHENSIVE INCOME
  $
6,260,712
     $
4,968,726
     $
5,481,232