Note 2 - Available-for-sale Securities (Tables)

9 Months Ended

Sep. 30, 2017

Notes Tables

Available-for-sale Securities [Table Text Block]

	Gross		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
September 30, 2017
Available-for-sale securities
Mortgage-backed securities	$	23,277,441	$	24,527	$	(307,542	)	$	22,994,426
U.S. Government agencies		2,083,027		2,040		(53,815	)		2,031,252
Municipal obligations		1,683,180		6,651		-			1,689,831
Total	$	27,043,648	$	33,218	$	(361,357	)	$	26,715,509
December 31, 2016
Available-for-sale securities
Mortgage-backed securities	$	27,524,834	$	45,866	$	(442,303	)	$	27,128,397
U.S. Government agencies		2,588,843		-		(63,107	)		2,525,736
Municipal obligations		1,837,337		7,823		(161	)		1,844,999
Total	$	31,951,014	$	53,689	$	(505,571	)	$	31,499,132

Available-for-sale Securities Debt Maturities [Table Text Block]

	September 30, 2017
	Amortized		Fair
	Cost		Value
Due in one year or less	$	1,594,256	$	1,602,511
Due after one to five years		22,206,122		21,906,863
Due after five to ten years		3,243,270		3,206,135
Due after ten years		-		-
Total	$	27,043,648	$	26,715,509

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]

	September 30, 2017
	Less Than 12 Months					12 Months or More					Total
			Gross					Gross					Gross
Description of			Unrealized					Unrealized					Unrealized
Securities	Fair Value		Losses			Fair Value		Losses			Fair Value		Losses
Available-for-sale securities:
Mortgage-backed securities	$	11,168,062	$	(108,806	)	$	10,059,582	$	(198,736	)	$	21,227,644	$	(307,542	)
U.S. Government agencies		650,912		(16,428	)		965,531		(37,387	)		1,616,443		(53,815	)
Total temporarily impairedsecurities	$	11,818,974	$	(125,234	)	$	11,025,113	$	(236,123	)	$	22,844,087	$	(361,357	)

	December 31, 2016
	Less Than 12 Months					12 Months or More					Total
			Gross					Gross					Gross
Description of			Unrealized					Unrealized					Unrealized
Securities	Fair Value		Losses			Fair Value		Losses			Fair Value		Losses
Available-for-sale securities:
Mortgage-backed securities	$	17,377,335	$	(337,092	)	$	5,351,384	$	(105,211	)	$	22,728,719	$	(442,303	)
U.S. Government agencies		2,525,737		(63,107	)		-		-			2,525,737		(63,107	)
Municipal obligations		20,054		(161	)		-		-			20,054		(161	)
Total temporarily impairedsecurities	$	19,923,126	$	(400,360	)	$	5,351,384	$	(105,211	)	$	25,274,510	$	(505,571	)