Consolidated Balance Sheets ( Current Period Unaudited) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 3,158,533	$ 2,096,966
Interest bearing deposits	1,310,474	5,038,753
Total cash and cash equivalents	4,469,007	7,135,719
Time deposits	250,000	250,000
Federal funds sold	54,351,000	1,604,000
Securities available for sale	44,149,539	46,984,907
Non-marketable equity securities	753,321	1,358,121
Loans, net of allowance for loan losses of $2,308,154 and $2,224,006 at September 30, 2016 and December 31, 2015, respectively	154,943,940	140,110,201
Loans held for sale	710,700
Premises and equipment, net	6,896,257	7,058,047
Accrued interest receivable	800,249	775,641
Foreclosed real estate	33,000	313,368
Deferred tax assets	2,097,344	2,725,354
Cash value of life insurance	2,232,711	2,195,424
Goodwill	649,869	649,869
Core deposit intangible	382,000	451,000
Other assets	3,367,879	1,951,700
Total assets	276,086,816	213,563,351
Deposits:
Non-interest bearing	10,285,561	10,325,832
Interest bearing	221,601,449	166,409,076
Total deposits	231,887,010	176,734,908
FHLB advances	8,630,697	2,139,117
Accrued interest payable	1,697	394
Other liabilities	3,150,259	3,600,655
Total liabilities	243,669,663	182,475,074
Commitments and contingencies
Redeemable common stock held by ESOP plan	561,449	376,543
Stockholders' Equity
Common stock, $.01 par value, 12,000,000 shares authorized; 3,001,055 shares issued	30,010	30,010
Additional paid-in-capital	15,855,813	15,845,341
Retained earnings	17,247,858	16,194,374
Unallocated ESOP shares	(165,347)	(203,504)
Unearned management recognition plan shares	(447)	(3,751)
Accumulated other comprehensive income	661,384	437,925
	33,629,271	32,300,395
Treasury stock, at cost; 106,932 shares	(1,212,118)	(1,212,118)
Maximum cash obligation related to ESOP shares	(561,449)	(376,543)
Total stockholders' equity	31,855,704	30,711,734
Total liabilities and stockholders' equity	$ 276,086,816	$ 213,563,351