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Note 21 - Condensed Financial Statements of Parent Company - Statements of Cash Flows (Details) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net income $ 710,179 $ 1,073,514
Changes in operating assets and liabilities:    
Prepaid and other assets (79,725) 325,921
Accrued interest and other liabilities 267,256 (154,044)
Net cash provided by (used for) operating activities 31,989,691 (7,237,752)
Cash flows from investing activities    
Net cash provided by investing activities (22,666,935) (36,681,748)
Cash flows from financing activities    
Stock dividends on financial institution stock (106,400) (84,500)
Stock option exercise 70,035 149,228
Share repurchase 2,732,648 1,926,720
Dividends paid 481,822 4,161,114
Net cash provided by financing activities 8,389,252 45,820,779
Net increase (decrease) in cash and due from banks 17,712,008 1,901,279
Cash and cash equivalents, beginning of period 11,774,457 9,873,178
Cash and cash equivalents, end of period 29,486,465 11,774,457
Parent Company [Member]    
Cash flows from operating activities    
Net income 710,179 1,073,514
Adjustments to reconcile net income to net cash from operating activities:    
Equity in (income) of subsidiary (795,761) (1,100,091)
Changes in operating assets and liabilities:    
Prepaid and other assets 164,100 (325,408)
Accrued interest and other liabilities 5,000 (35,828)
Net cash provided by (used for) operating activities 83,518 (387,813)
Cash flows from investing activities    
Principal collections on ESOP note receivable 28,189 30,699
Net cash provided by investing activities 28,189 30,699
Cash flows from financing activities    
Stock dividends on financial institution stock 4,800,000
Stock option exercise 70,058 149,228
Share repurchase (2,732,648) (1,926,720)
Dividends paid (481,822) (4,161,114)
Net cash provided by financing activities (3,144,412) (1,138,606)
Net increase (decrease) in cash and due from banks (3,032,705) (1,495,720)
Cash and cash equivalents, beginning of period 4,993,568 6,489,288
Cash and cash equivalents, end of period $ 1,960,863 $ 4,993,568