XML 110 R97.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 20 - Condensed Financial Statements of Parent Company - Statements of Cash Flows (Details) - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities    
Net income $ 360,591 $ 5,295,127
Changes in operating assets and liabilities:    
Prepaid and other assets (638,832) 204,641
Net cash (used for) operating activities 15,425,685 6,920,133
Cash flows from investing activities    
Net cash provided by investing activities (27,625,768) (62,129,562)
Cash flows from financing activities    
Issuance of common stock 55,314 15,936,416
Common stock repurchases (414,400) 0
Net cash (used for) provided by financing activities 5,661,917 51,795,909
Net increase (decrease) in cash and due from banks (6,538,166) (3,413,520)
Cash and cash equivalents, beginning of period 16,411,344 19,824,864
Cash and cash equivalents, end of period 9,873,178 16,411,344
Parent Company [Member]    
Cash flows from operating activities    
Net income 360,591 5,295,127
Adjustments to reconcile net income to net cash from operating activities:    
Equity in (income) of subsidiary (643,113) (4,847,989)
Changes in operating assets and liabilities:    
Income taxes payable (29,472) (645,924)
Prepaid and other assets 116,081 (437,160)
Accrued interest and other liabilities 35,827 (15,421)
Other, net 0 0
Net cash (used for) operating activities (160,086) (651,367)
Cash flows from investing activities    
Principal collections on ESOP note receivable 30,134 30,707
Net cash provided by investing activities 30,134 30,707
Cash flows from financing activities    
Issuance of common stock 55,314 0
Common stock repurchases (414,400) 0
Second-step conversion proceeds 0 18,794,840
ESOP shares purchased 0 (1,503,580)
Conversion costs 0 (1,363,693)
Capital injection into subsidiary 0 (8,722,655)
Net cash (used for) provided by financing activities (359,086) 7,204,912
Net increase (decrease) in cash and due from banks (489,038) 6,584,252
Cash and cash equivalents, beginning of period 6,978,326 394,074
Cash and cash equivalents, end of period $ 6,489,288 $ 6,978,326