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Note 16 - Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Federal tax at the statutory rate $ 552,733 $ 535,493
State income taxes, net of Federal tax benefit 109,048 216,188
Bank-owned life insurance (58,173) (59,303)
Meals & entertainment 11,080 6,486
Other, net 51,265 (24,152)
Provision for income taxes $ 665,953 $ 674,712