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Note 4 - Loans Held for Investment, Net (Tables)
12 Months Ended
Dec. 31, 2017
Notes Tables  
Schedule of Loans Held for Investment, Net [Table Text Block]
   
December 31, 2017
   
December 31, 2016
 
   
Amount
   
Percent
   
Amount
   
Percent
 
                                 
Loans held for investment, net:
     
 
     
 
     
 
 
Commercial real estate
 
$
214,871,788
   
 
82.0
%
  $
195,814,205
     
80.0
%
One- to four-family 
residential real estate
 
 
29,114,060
   
 
11.1
%
   
29,976,625
     
12.2
%
Commercial and industrial
 
 
12,296,308
   
 
4.7
%
   
9,876,020
     
4.0
%
Consumer and other
 
 
5,740,352
   
 
2.2
%
   
9,191,249
     
3.8
%
Total gross loans
 
 
262,022,508
   
 
100.0
%
   
244,858,099
     
100.0
%
Unamortized loan fees
 
 
(1,009,722
)
   
 
     
(952,717
)    
 
 
Loans held for investment
 
 
261,012,786
     
 
     
243,905,382
     
 
 
Allowance for loan losses
 
 
(3,117,190
)
   
 
     
(2,506,033
)    
 
 
Loans held for investment, net
 
$
257,895,596
     
 
    $
241,399,349
     
 
 
Allowance for Credit Losses on Financing Receivables [Table Text Block]
   
As of December 31, 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
 
 
2,055,911
   
 
567,290
   
 
462,406
   
 
31,583
   
 
3,117,190
 
                                         
Total
 
$
2,055,911
   
$
567,290
   
$
462,406
   
$
31,583
   
$
3,117,190
 
                                         
Gross loans
                                       
Ending balance: individually evaluated for impairment
 
$
3,483,078
   
$
679,184
   
$
1,274,710
   
$
-
   
$
5,436,972
 
Ending balance: collectively evaluated for impairment
 
 
211,388,710
   
 
28,434,876
   
 
11,021,598
   
 
5,740,352
   
 
256,585,536
 
Ending balance: loans acquired with deteriorated credit quality
 
 
-
   
 
-
   
 
-
   
 
-
   
 
-
 
Total
 
$
214,871,788 
   
$
29,114,060
   
$
12,296,308
   
$
5,740,352
   
$
262,022,508
 
   
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
 
   
Commercial Real Estate
   
One- to Four-Family
Residential Real Estate
   
Commercial and Industrial
   
Consumer and Other
   
Total
 
                                         
Balance December 31, 2015
  $
1,136,458
    $
656,089
    $
63,527
    $
38,122
    $
1,894,196
 
                                         
Provision for loan losses
   
435,865
     
100,548
     
468,407
     
14,180
     
1,019,000
 
                                         
Charge-offs
   
-
     
(140,725
)    
(384,563
)    
-
     
(525,288
)
Recoveries
   
116,125
     
2,000
     
-
     
-
     
118,125
 
Net recoveries (charge-offs)
   
116,125
     
(138,725
)    
(384,563
)    
-
     
(407,163
)
                                         
Balance December 31, 2016
 
$
1,688,448
   
$
617,912
   
$
147,371
   
$
52,302
   
$
2,506,033
 
                                         
Provision for loan losses
 
 
366,263
   
 
(54,777
)
 
 
284,233
   
 
(20,719
)
 
 
575,000
 
                                         
Charge-offs
 
 
-
   
 
(20,845
)
 
 
-
   
 
-
   
 
(20,845
)
Recoveries
 
 
1,200
   
 
25,000
   
 
30,802
   
 
-
   
 
57,002
 
Net recoveries
 
 
1,200
   
 
4,155
   
 
30,802
   
 
-
   
 
36,157
 
                                         
Balance December 31, 2017
 
$
2,055,911
   
$
567,290
   
$
462,406
   
$
31,583
   
$
3,117,190
 
Past Due Financing Receivables [Table Text Block]
   
Past Due
           
Total
 
                   
90 Days
                   
Financing
 
   
30 - 59 Days
   
60 - 89 Days
   
or More
   
Total
   
Current
   
Receivables
 
                                                 
December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
 
$
246,154
   
$
-
   
$
550,000
   
$
796,154
   
$
214,075,634
   
$
214,871,788
 
One- to four-family 
residential real estate
   
235,561
     
116,977
     
525,532
     
878,070
     
28,235,990
     
29,114,060
 
Commercial and industrial
   
-
     
-
     
1,274,710
     
1,274,710
     
11,021,598
     
12,296,308
 
Consumer and other
   
-
     
-
     
-
     
-
     
5,740,352
     
5,740,352
 
                                                 
Totals
 
$
481,715
   
$
116,977
   
$
2,350,242
   
$
2,948,934
   
$
259,073,574
   
$
262,022,508
 
   
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]
   
December 31,
   
December 31,
 
   
2017
   
2016
 
                 
Nonaccrual loans
               
Commercial real estate
 
$
3,483,078
    $
3,718,686
 
One- to four-family residential real estate
 
 
679,184
     
648,880
 
Commercial and industrial
 
 
1,274,710
     
1,600,655
 
Consumer and other
   
-
     
-
 
Total nonaccrual loans
 
 
5,436,972
     
5,968,221
 
Other real estate (ORE)
 
 
-
     
-
 
                 
Total nonperforming assets
 
$
5,436,972
    $
5,968,221
 
                 
Nonperforming assets to gross loans held for investment and ORE
 
 
2.08
%
   
2.44
%
Nonperforming assets to total assets
 
 
1.62
%
   
1.81
%
Financing Receivable Credit Quality Indicators [Table Text Block]
   
As of December 31, 2017
 
   
Commercial Real
Estate
   
One- to Four-
Family
Residential
Real Estate
   
Commercial and
Industrial
   
Consumer and
Other
   
Total
 
                                         
                                         
Grade
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass
 
$
208,395,458
   
$
27,400,698
   
$
10,624,210
   
$
5,568,633
   
$
251,988,999
 
Special mention
 
 
911,571
   
 
43,382
   
 
-
   
 
-
   
 
954,953
 
Substandard
 
 
5,014,759
   
 
1,669,980
   
 
1,672,098
   
 
171,719
   
 
8,528,556
 
Doubtful
 
 
550,000
   
 
-
   
 
-
   
 
-
   
 
550,000
 
Loss
 
 
-
   
 
-
   
 
-
   
 
-
   
 
-
 
                                         
Totals
 
$
214,871,788
   
$
29,114,060
   
$
12,296,308
   
$
5,740,352
   
$
262,022,508
 
   
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 December 31, 2017
 
           
Principal
           
Average
 
   
Recorded
   
Net of
   
Related
   
Recorded
 
   
Investment
   
Charge-offs
   
Allowance
   
Investment
 
                                 
With no related allowance recorded:
   
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
 
$
3,483,078
   
$
3,483,078
   
$
-
   
$
3,521,421
 
One- to four-family residential real estate
 
 
679,184
   
 
679,184
   
 
-
   
 
684,632
 
Commercial and industrial
 
 
1,274,710
   
 
1,274,710
   
 
-
   
 
1,297,740
 
Consumer and other
 
 
-
   
 
-
   
 
-
   
 
-
 
   
$
5,436,972
   
$
5,436,972
   
$
-
   
$
5,503,793
 
                                 
With an allowance recorded:
 
$
-
   
$
-
   
$
-
   
$
-
 
                                 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
 
$
3,483,078
   
$
3,483,078
   
$
-
   
$
3,521,421
 
One- to four-family residential real estate
 
 
679,184
   
 
679,184
   
 
-
   
 
684,632
 
Commercial and industrial
 
 
1,274,710
   
 
1,274,710
   
 
-
   
 
1,297,740
 
Consumer and other
 
 
-
   
 
-
   
 
-
   
 
-
 
   
$
5,436,972
   
$
5,436,972
   
$
-
   
$
5,503,793
 
   
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
   
-
     
-
     
-
     
-
 
    $
5,968,221
    $
5,968,221
    $
-
    $
3,117,308
 
                                 
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
   
-
     
-
     
-
     
-
 
    $
5,968,221
    $
5,968,221
    $
-
    $
3,117,308