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Note 3 - Loans Held for Investment, Net (Tables)
9 Months Ended
Sep. 30, 2017
Notes Tables  
Schedule of Loans Held for Investment, Net [Table Text Block]
   
September 30, 2017
   
December 31, 2016
 
   
Amount
   
Percent
   
Amount
   
Percent
 
                                 
Loans held for investment, net:
                               
Commercial real estate
 
$
220,427,379
   
 
81.6
%
  $
195,814,205
     
80.0
%
One- to four-family
residential real estate
 
 
30,135,267
   
 
11.2
%
   
29,976,625
     
12.2
%
Commercial and industrial
 
 
14,593,471
   
 
5.4
%
   
9,876,020
     
4.0
%
Consumer and other
 
 
5,105,251
   
 
1.8
%
   
9,191,249
     
3.8
%
Total gross loans
 
 
270,261,368
   
 
100.0
%
   
244,858,099
     
100.0
%
Unamortized loan fees
 
 
(1,137,223
)
   
 
     
(952,717
)    
 
 
Loans held for investment
 
 
269,124,145
     
 
     
243,905,382
     
 
 
Allowance for loan losses
 
 
(3,067,133
)
   
 
     
(2,506,033
)    
 
 
Loans held for investment, net
 
$
266,057,012
     
 
    $
241,399,349
     
 
 
Allowance for Credit Losses on Financing Receivables [Table Text Block]
   
As of September 30, 2017
 
   
Commercial Real Estate
   
 
One- to Four-Family Residential Real Estate
   
Commercial and Industrial
   
Consumer and Other
   
Total
 
                                         
Allowance for loan losses
                                       
Ending balance:
individually
evaluated for impairment
 
$
-
   
$
-
   
$
-
   
$
-
   
$
-
 
Ending balance:
collectively
evaluated for impairment
 
 
1,924,782
   
 
555,277
   
 
559,926
   
 
27,148
   
 
3,067,133
 
                                         
Total
 
$
1,924,782
   
$
555,277
   
$
559,926
   
$
27,148
   
$
3,06,7133
 
                                         
Gross loans
                                       
Ending balance:
individually
evaluated for impairment
 
$
6,648,908
   
$
1,658,571
   
$
2,047,212
   
$
177,458
   
$
10,532,149
 
Ending balance:
collectively
evaluated for impairment
 
 
213,778,471
   
 
28,476,696
   
 
12,546,259
     
4,927,793
   
 
259,729,219
 
Ending balance:
loans acquired with
deteriorated credit quality
 
 
-
   
 
-
   
 
-
   
 
-
   
 
-
 
Total
 
$
220,427,379
   
$
30,135,267
   
$
14,593,471
   
$
5,105,251
   
$
270,261,368
 
   
As of December 31, 2016
 
   
Commercial Real Estate
   
One- to Four-Family Residential Real Estate
   
Commercial and Industrial
   
Consumer and Other
   
Total
 
                                         
Allowance for loan losses
                                       
Ending balance:
individually
evaluated for impairment
  $
-
    $
-
    $
-
    $
-
    $
-
 
Ending balance:
collectively
evaluated for impairment
   
1,688,448
     
617,912
     
147,371
     
52,302
     
2,506,033
 
                                         
Total
  $
1,688,448
    $
617,912
    $
147,371
    $
52,302
    $
2,506,033
 
                                         
Gross loans
                                       
Ending balance:
individually
evaluated for impairment
  $
3,441,874
    $
1,744,062
    $
801,078
    $
194,068
    $
6,181,082
 
Ending balance:
collectively
evaluated for impairment
   
192,372,331
     
28,232,563
     
9,074,942
     
8,997,181
     
238,677,017
 
Ending balance:
loans acquired with
deteriorated credit quality
   
-
     
-
     
-
     
-
     
-
 
Total
  $
195,814,205
    $
29,976,625
    $
9,876,020
    $
9,191,249
    $
244,858,099
 
   
Three Months Ended September 30,
   
Nine Months Ended September 30,
 
   
2017
   
2016
   
2017
   
2016
 
                                 
Beginning balance
 
$
2,919,733
    $
2,152,565
   
$
2,506,033
    $
1,894,196
 
                                 
Provision for loan losses
 
 
150,000
     
155,000
   
 
550,000
     
306,000
 
                                 
Charge-offs:
                               
Commercial real estate
 
 
-
     
-
   
 
-
     
-
 
One- to four-family residential
real estate
 
 
(8,850
)
   
(107,385
)  
 
(8,850
)
   
(118,141
)
Commercial and industrial
 
 
-
     
-
   
 
-
     
-
 
Consumer and other
 
 
-
     
-
   
 
-
     
-
 
Total charge-offs
 
 
(8,850
)
   
(107,385
)  
 
(8,850
)
   
(118,141
)
                                 
Recoveries:
                               
Commercial real estate
 
 
-
     
-
   
 
1,200
     
116,125
 
One- to four-family residential
real estate
 
 
6,250
     
-
   
 
18,750
     
2,000
 
Commercial and industrial
 
 
-
     
-
     
-
     
-
 
Consumer and other
 
 
-
     
-
     
-
     
-
 
Total recoveries
 
 
6,250
     
-
   
 
19,950
     
118,125
 
Net (charge-offs) recoveries
 
 
(2,600
)
   
(107,385
)  
 
11,100
     
(16
)
                                 
Ending balance
 
$
3,067,133
    $
2,200,180
   
$
3,067,133
    $
2,200,180
 
Past Due Financing Receivables [Table Text Block]
   
Past Due
           
Total
 
                   
90 Days
                   
Financing
 
   
30 - 59 Days
   
60 - 89 Days
   
or More
   
Total
   
Current
   
Receivables
 
                                                 
September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
 
$
-
   
$
3,026,297
   
$
550,000
 
 
$
3,576,297
   
$
216,851,082
   
$
220,427,379
 
One- to four-family
residential real estate
 
 
-
   
 
236,374
   
 
405,916
 
 
 
642,290
   
 
29,492,977
   
 
30,135,267
 
Commercial and industrial
 
 
-
   
 
-
   
 
1,568,908
 
 
 
1,568,908
   
 
13,024,563
   
 
14,593,471
 
Consumer and other
 
 
-
   
 
-
   
 
 
-
 
 
-
   
 
5,105,251
   
 
5,105,251
 
                                                 
Totals
 
$
-
   
$
3,262,671
   
$
2,524,824
 
 
$
5,787,495
   
$
264,473,873
   
$
270,261,368
 
 
 
Past Due
           
Total
 
                   
90 Days
                   
Financing
 
   
30 - 59 Days
   
60 - 89 Days
   
or More
   
Total
   
Current
   
Receivables
 
                                                 
December 31, 2016
                                               
Commercial real estate
  $
550,000
    $
-
    $
-
    $
550,000
    $
195,264,205
    $
195,814,205
 
One- to four-family
residential real estate
   
108,080
     
501,316
     
68,906
     
678,302
     
29,298,323
     
29,976,625
 
Commercial and industrial
   
1,139,634
     
-
     
461,021
     
1,600,655
     
8,275,365
     
9,876,020
 
Consumer and other
   
-
     
-
     
-
     
-
     
9,191,249
     
9,191,249
 
                                                 
Totals
  $
1,797,714
    $
501,316
    $
529,927
    $
2,828,957
    $
242,029,142
    $
244,858,099
 
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
   
September 30,
   
December 31,
 
   
2017
   
2016
 
                 
Nonaccrual loans
               
Commercial real estate
 
$
3,576,297
    $
3,718,686
 
One- to four-family residential real estate
 
 
657,421
     
648,880
 
Commercial and industrial
 
 
1,568,908
     
1,600,655
 
Consumer and other
 
 
-
     
-
 
Total nonaccrual loans
 
 
5,802,626
     
5,968,221
 
                 
Other real estate (ORE)
 
 
-
     
-
 
                 
Total nonperforming assets
 
$
5,802,626
    $
5,968,221
 
                 
Nonperforming assets to gross loans held for investment and ORE
 
 
2.15
%
   
2.44
%
Nonperforming assets to total assets
 
 
1.60
%
   
1.81
%
Financing Receivable Credit Quality Indicators [Table Text Block]
   
As of September 30, 2017
 
   
Commercial Real
Estate
   
One- to Four-
Family Residential
Real Estate
   
Commercial and Industrial
   
Consumer and
Other
   
Total
 
                                         
                                         
Grade
                                       
Pass
 
$
213,778,471
   
$
28,476,696
   
$
12,546,259
   
$
4,927,793
   
$
259,729,219
 
Special mention
 
 
914,163
   
 
-
   
 
-
   
 
-
   
 
914,163
 
Substandard
 
 
5,184,745
   
 
1,642,573
   
 
1,753,014
   
 
177,458
   
 
8,757,790
 
Doubtful
 
 
550,000
   
 
15,998
   
 
294,198
   
 
-
   
 
860,196
 
Loss
 
 
-
   
 
-
   
 
-
   
 
-
   
 
-
 
                                         
Totals
 
$
220,427,379
   
$
30,135,267
   
$
14,593,471
   
$
5,105,251
   
$
270,261,368
 
   
As of December 31, 2016
 
   
Commercial Real
Estate
   
One- to Four-
Family Residential
Real Estate
   
Commercial and Industrial
   
Consumer and
Other
   
Total
 
                                         
                                         
Grade
                                       
Pass
  $
187,069,284
    $
28,232,563
    $
7,697,960
    $
8,997,181
    $
231,996,988
 
Special mention
   
523,207
     
65,457
     
267,327
     
-
     
855,991
 
Substandard
   
8,221,714
     
1,678,605
     
1,614,733
     
194,068
     
11,709,120
 
Doubtful
   
-
     
-
     
296,000
     
-
     
296,000
 
Loss
   
-
     
-
     
-
     
-
     
-
 
                                         
Totals
  $
195,814,205
    $
29,976,625
    $
9,876,020
    $
9,191,249
    $
244,858,099
 
Impaired Financing Receivables [Table Text Block]
   
As of September 30, 2017
 
           
Principal
           
Average
 
   
Recorded
   
Net of
   
Related
   
Recorded
 
   
Investment
   
Charge-offs
   
Allowance
   
Investment
 
                                 
With no related allowance recorded:
                               
Commercial real estate
 
$
3,576,297
   
$
3,576,297
   
$
-
   
$
3,627,001
 
One- to four-family residential real estate
 
 
657,421
   
 
657,421
   
 
-
   
 
665,003
 
Commercial and industrial
 
 
1,568,908
   
 
1,568,908
   
 
-
   
 
1,591,938
 
Consumer and other
 
 
-
   
 
-
   
 
-
   
 
-
 
                                 
With an allowance recorded:
 
$
-
   
$
-
   
$
-
   
$
-
 
                                 
Total:
                               
Commercial real estate
 
$
3,576,297
   
$
3,576,297
   
$
-
   
$
3,627,001
 
One- to four-family residential real estate
 
 
657,421
   
 
657,421
   
 
-
   
 
665,003
 
Commercial and industrial
 
 
1,568,908
   
 
1,568,908
   
 
-
   
 
1,591,938
 
Consumer and other
 
 
-
   
 
-
   
 
-
   
 
-
 
   
As of December 31, 2016
 
           
Principal
           
Average
 
   
Recorded
   
Net of
   
Related
   
Recorded
 
   
Investment
   
Charge-offs
   
Allowance
   
Investment
 
                                 
With no related allowance recorded:
                               
Commercial real estate
  $
3,718,686
    $
3,718,686
    $
-
    $
1,385,277
 
One- to four-family residential real estate
   
648,880
     
648,880
     
-
     
656,495
 
Commercial and industrial
   
1,600,655
     
1,600,655
     
-
     
1,075,536
 
Consumer and other
   
-
     
-
     
-
     
-
 
                                 
With an allowance recorded:
  $
-
    $
-
    $
-
    $
-
 
                                 
Total:
                               
Commercial real estate
  $
3,718,686
    $
3,718,686
    $
-
    $
1,385,277
 
One- to four-family residential real estate
   
648,880
     
648,880
     
-
     
656,495
 
Commercial and industrial
   
1,600,655
     
1,600,655
     
-
     
1,075,536
 
Consumer and other
   
-
     
-
     
-
     
-