Note 5 - Financial Instruments With Off-balance-sheet Credit Risk (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]

	June 30,		December 31,
	2020		2019
Commitments to extend credit	$	29,719,611	$	25,739,246
Unused lines of credit		22,426,577		17,765,580
Totals	$	52,146,188	$	43,504,826

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

	June 30, 2020
Year	Operating Leases
2020	$	302,869
2021		576,841
2022		444,986
2023		30,558
Total minimum lease payments		1,355,254
Amounts representing interest (present value discount)		(29,294	)
Operating lease liabilities (present value of minimum lease payments)	$	1,325,960
Weighted average remaining term (in years)		2.3
Weighted average discount rate		1.92	%