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Note 20 - Related Party Transactions
 12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
NOTE
20
:     RELATED PARTY TRANSACTIONS
 
In the ordinary course of business, the Bank has granted loans to executive officers and directors and their affiliates. Annual activity consisted of the following:
 
   
Year ended December 31,
  
   
2019
    
2018
    
2017
  
                         
Balance, beginning of year
   $
5,797,809
     $
6,528,933
     $
5,822,136
  
New Loans
    
500,000
      
2,795,734
      
1,523,847
  
Repayments
    
(2,266,965
 )    
(3,526,858
 )    
(817,050
 )
                         
Balance, end of year
   $
4,030,844
     $
5,797,809
     $
6,528,933
  
 
In management's opinion, such loans and other extensions of credit and deposits were made in the ordinary course of business and were made on substantially the same terms as those prevailing at the time for comparable transactions with other persons. Further, in management's opinion, these loans did
not
involve more than normal risk of collectability or present other unfavorable features.