Note 19 - Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]

	Fair Value Measurements Using
	Quoted Prices		Significant
	in Active		Other			Significant
	Markets for		Observable			Unobservable
	Identical Assets		Inputs			Inputs
	Level 1		Level 2			Level 3		Fair Value
December 31, 2018:
Recurring basis
Mortgage-backed securities	$	-	$	28,310,358		$	-	$	28,310,358
U.S. Government agencies		-		1,445,032			-		1,445,032
Municipal obligations		-		3,673,268			-		3,673,268
Loans held for sale		-		26,884,014			-		26,884,014
Derivative IRLC's		-		-			380,866		380,866
Derivative forward commitments		-		(153,906	)		-		(153,906	)
Nonrecurring basis
Impaired loans		-		-			3,643,608		3,643,608
Totals	$	-	$	60,158,766		$	4,024,474	$	64,183,240
December 31, 2017:
Recurring basis
Mortgage-backed securities	$	-	$	20,768,592		$	-	$	20,768,592
U.S. Government agencies		-		1,957,783			-		1,957,783
Municipal obligations		-		1,673,506			-		1,673,506
Loans held for sale		-		15,423,670			-		15,423,670
Derivative IRLC's		-					183,087		183,087
Derivative forward commitments		-		(15,820	)		-		(15,820	)
Nonrecurring basis
Impaired loans		-		-			5,436,972		5,436,972
Totals	$	-	$	39,807,731		$	5,620,059	$	45,427,790

Fair Value, by Balance Sheet Grouping [Table Text Block]

							Quoted Prices		Significant
							in Active		Other			Significant
							Markets for		Observable			Unobservable
	Carrying						Identical Assets		Inputs			Inputs
	Amount			Fair Value			Level 1		Level 2			Level 3
	(Dollars in thousands)
At December 31, 2018:
Financial assets:
Cash and due from banks	$	6,374		$	6,374		$	6,374	$	-		$	-
Interest-bearing deposits with banks		5,400			5,400			5,400		-			-
Available-for-sale securities		33,429			33,429			-		33,429			-
Loans held for sale		26,884			26,884			-		26,884			-
Loans held for investment, net		282,790			283,466			-		-			283,466
Derivative IRLC's		381			381			-		-			381
Derivative forward commitments		(154	)		(154	)		-		(154	)		-
Stock in financial institutions		3,910			3,910			-		3,910			-
Financial liabilities:
Demand deposits, savings and NOW deposits		187,700			172,049			172,049		-			-
Time deposits		77,539			77,688			-		77,688			-
Federal Home Loan Bank advances		67,000			66,653			-		66,653			-
At December 31, 2017
Financial assets:
Cash and due from banks	$	4,988		$	4,988		$	4,988	$	-		$	-
Interest-bearing deposits with banks		4,885			4,885			4,885		-			-
Available-for-sale securities		24,400			24,400			-		24,400			-
Loans held for sale		15,424			15,424			-		15,424			-
Loans held for investment, net		257,896			257,937			-		-			257,937
Stock in financial institutions		3,826			3,826			-		3,826			-
Financial liabilities:
Demand deposits, savings and NOW deposits		172,512			168,080			168,080		-			-
Time deposits		63,049			63,076			-		63,076			-
Federal Home Loan Bank advances		45,000			45,176			-		45,176			-

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

	Fair Value		Valuation Methodologies	Valuation Model	Unobservable Input Valuation
At December 31, 2018
Impaired loans
Commercial real estate	$	2,993,923	Appraisal	Appraisal discount and estimated selling costs		17	-	18%
One- to four-family residential real estate		649,685	Appraisal	Appraisal discount and estimated selling costs		17	-	18%
Commercial and industrial		-	Appraisal	Appraisal discount and estimated selling costs		17	-	18%
Total Impaired Loans	$	3,643,608
Derivative IRLC's	$	380,866	Internal pricing model	Pull-through rate			77	%
At December 31, 2017
Impaired loans
Commercial real estate	$	3,483,078	Appraisal	Appraisal discount and estimated selling costs		17	-	18%
One- to four-family residential real estate		679,184	Appraisal	Appraisal discount and estimated selling costs		17	-	18%
Commercial and industrial		1,274,710	Appraisal	Appraisal discount and estimated selling costs		17	-	18%
	$	5,436,972
Derivative IRLC's	$	183,087	Internal pricing model	Pull-through rate			81	%