Note 20 - Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019:
Recurring basis
Mortgage-backed securities	$	-	$	31,018,748		$	-	$	31,018,748
U.S. Government agencies		-		1,079,447			-		1,079,447
Municipal obligations		-		12,418,983			-		12,418,983
Nonrecurring basis
Impaired loans		-		-			3,505,288		3,505,288
Totals	$	-	$	44,517,178		$	3,505,288	$	48,022,466
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 IRLCs		-		-			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

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, 2019:
Financial assets:
Cash and due from banks	$	4,496		$	4,496		$	4,496	$	-		$	-
Interest-bearing deposits with banks		24,990			24,990			24,990		-			-
Available-for-sale securities		44,517			44,517			-		44,517			-
Loans held for investment, net		291,739			292,246			-		-			292,246
Stock in financial institutions		4,017			4,017			-		4,017			-
Financial liabilities:
Demand deposits, savings and NOW deposits		222,509			214,611			214,611		-			-
Time deposits		81,388			81,638			-		81,638			-
Federal Home Loan Bank advances		40,000			40,075			-		40,075			-
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 IRLCs		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			-

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

	Fair Value		Valuation Methodologies	Valuation Model	Unobservable Input Valuation
At December 31, 2019
Impaired loans
Commercial real estate	$	2,718,731	Appraisal	Appraisal discount and estimated selling costs	17	-	18%
One- to four-family residential real estate		786,557	Appraisal	Appraisal discount and estimated selling costs	17	-	18%
Total Impaired Loans	$	3,505,288
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%
Total Impaired Loans	$	3,643,608
Derivative IRLCs	$	380,866	Internal pricing model	Pull-through rate		77%