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Note 15 - Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Federal tax at the statutory rate $ 312,735 $ 791,867
Federal tax at the statutory rate, tax rate 21.00% 34.00%
State income taxes, net of Federal tax benefit $ 58,156 $ 73,896
State income taxes, net of Federal tax benefit, tax rate 4.00% 3.00%
Bank-owned life insurance $ (59,303) $ (74,019)
Bank-owned life insurance, tax rate (4.00%) (3.00%)
Meals & entertainment $ 9,169
Meals & entertainment, tax rate 1.00%
Net deferred tax asset revaluation adjustment $ 1,150,318
Net deferred tax asset revaluation adjustment, tax rate 49.00%
Other, net $ 94,942 $ 26,366
Other, net, tax rate 6.00% 1.00%
Provision (benefit) for income taxes $ 415,699 $ 1,968,428
Provision (benefit) for income taxes, tax rate 28.00% 85.00%