Note 4 - Loans and Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2017

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	December 31,			December 31,
	2017			2016
Mortgage loans:
One-to-four family residential loans	$	124,118,335		$	103,871,686
Multi-family residential loans		5,664,524			5,182,611
Total mortgage loans		129,782,859			109,054,297
Other loans:
Non-residential real estate loans		32,133,094			22,560,167
Commercial loans		20,759,262			16,645,226
Consumer direct		6,281,712			2,859,703
Purchased auto		20,550,610			11,714,185
Total other loans		79,724,678			53,779,281
Gross loans		209,507,537			162,833,578
Less: Allowance for loan losses		(2,472,446	)		(2,247,449	)
Loans, net	$	207,035,091		$	160,586,129

Schedule of Loans Acquired in Merger [Table Text Block]

	December 31,			December 31,
	2017			2016
Mortgage loans:
One-to-four family residential loans	$	14,811,329		$	18,062,672
Multi-family residential loans		265,625			272,378
Total mortgage loans		15,076,954			18,335,050
Other loans:
Non-residential real estate loans		2,120,630			2,352,952
Commercial loans		571,538			779,595
Consumer direct		59,353			196,340
Total other loans		2,751,521			3,328,887
Gross loans		17,828,475			21,663,937
Less: Allowance for loan losses		(135,000	)		(100,000	)
Loans, net	$	17,693,475		$	21,563,937

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block]

	2017			2016
Balance, beginning of year	$	461,334		$	575,605
Payment activity		(491,552	)		(171,195	)
Charge-offs		-			-
Transfer to foreclosed real estate		-			(44,417	)
Accretion into interest income		174,746			101,341
	$	144,528		$	461,334

Certain Loans Acquired in Transfer Accretable Yield [Table Text Block]

	2017			2016
Balance, beginning of year	$	82,869		$	175,342
Net reclassification from non-accretable yield		101,469			8,868
Accretion into interest income		(174,746	)		(101,341	)
Disposals		-			-
	$	9,592		$	82,869

Schedule Of Loans Purchased [Table Text Block]

	Years Ended December 31,
	2017		2016
Purchased auto loans	$	14,141,053	$	10,356,577

Schedule of Credit Losses for Financing Receivables, Current [Table Text Block]

	Years Ended December 31,
	2017			2016
One-to-four family	$	(248,374	)	$	(172,625	)
Multi-family		16,119			15,887
Non-residential		(53,686	)		(170,661	)
Consumer direct		(376	)		7,432
Purchased auto		(63,686	)		(99,090	)
Net (charge-offs)/recoveries	$	(350,003	)	$	(419,057	)

Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]

December 31, 2017	One-to-Four Family			Multi-family			Non-residential			Commercial		Consumer Direct			Purchased Auto			Total
Balance at beginning of period	$	1,426,954		$	93,481		$	367,326		$	96,823	$	79,253		$	183,612		$	2,247,449
Provision charged to income		298,839			(87,630	)		57,453			56,773		61,392			188,173			575,000
Loans charged off		(259,356	)		-			(61,686	)		-		(8,633	)		(85,442	)		(415,117	)
Recoveries of loans previously charged off		10,982			16,119			8,000			-		8,257			21,756			65,114
Balance at end of period	$	1,477,419		$	21,970		$	371,093		$	153,596	$	140,269		$	308,099		$	2,472,446
Period-end amount allocated to:
Loans individually evaluated for impairment	$	78,820		$	-		$	110,055		$	-	$	-		$	493		$	189,368
Loans acquired with deteriorated credit quality		40,408						-			-		-			-			40,408
Loans collectively evaluated for impairment		1,358,191			21,970			261,038			153,596		140,269			307,606			2,242,670
Balance at end of period	$	1,477,419		$	21,970		$	371,093		$	153,596	$	140,269		$	308,099		$	2,472,446

December 31, 2016	One-to-Four Family			Multi-family			Non-residential			Commercial		Consumer Direct		Purchased Auto			Total
Balance at beginning of period	$	1,727,582		$	142,237		$	198,340		$	51,306	$	37,187	$	67,354		$	2,224,006
Provision charged to income		(128,003	)		(64,643	)		339,647			45,517		34,634		215,348			442,500
Loans charged off		(233,264	)		-			(170,661	)		-		-		(109,514	)		(513,439	)
Recoveries of loans previously charged off		60,639			15,887			-			-		7,432		10,424			94,382
Balance at end of period	$	1,426,954		$	93,481		$	367,326		$	96,823	$	79,253	$	183,612		$	2,247,449
Period-end amount allocated to:
Loans individually evaluated for impairment	$	208,186		$	-		$	185,172		$	-	$	-	$	12,282		$	405,640
Loans acquired with deteriorated credit quality		34,401			-			-			-		-		-			34,401
Loans collectively evaluated for impairment		1,184,367			93,481			182,154			96,823		79,253		171,330			1,807,408
Balance at end of period	$	1,426,954		$	93,481		$	367,326		$	96,823	$	79,253	$	183,612		$	2,247,449

December 31, 2017	One-to-four Family		Multi-family		Non-residential		Commercial		Consumer Direct		Purchased Auto		Total
Loans individually evaluated for impairment	$	986,321	$	-	$	355,203	$	10,454	$	-	$	985	$	1,352,963
Loans acquired with deteriorated credit quality		144,528		-		-		-		-		-		144,528
Loans collectively evaluated for impairment		122,987,486		5,664,524		31,777,891		20,748,808		6,281,712		20,549,625		208,010,046
Ending Balance	$	124,118,335	$	5,664,524	$	32,133,094	$	20,759,262	$	6,281,712	$	20,550,610	$	209,507,537

December 31, 2016	One-to-four Family		Multi-family		Non-residential		Commercial		Consumer Direct		Purchased Auto		Total
Loans individually evaluated for impairment	$	2,142,851	$	-	$	2,264,763	$	-	$	-	$	24,564	$	4,432,178
Loans acquired with deteriorated credit quality		461,334		-		-		-		-		-		461,334
Loans collectively evaluated for impairment		101,267,501		5,182,611		20,295,404		16,645,226		2,859,703		11,689,621		157,940,066
Ending Balance	$	103,871,686	$	5,182,611	$	22,560,167	$	16,645,226	$	2,859,703	$	11,714,185	$	162,833,578

Impaired Financing Receivables [Table Text Block]

December 31, 2017	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
One-to-four family	$	1,130,849	$	746,579	$	384,270	$	1,130,849	$	119,228	$	1,795,888
Multi-family		-		-		-		-		-		-
Non-residential		355,203		-		355,203		355,203		110,055		749,271
Commercial		10,454		10,454		-		10,454		-		5,341
Consumer direct		-		-		-		-		-		-
Purchased auto		985		-		985		985		493		11,205
	$	1,497,491	$	757,033	$	740,458	$	1,497,491	$	229,776	$	2,561,705

December 31, 2016	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
One-to-four family	$	2,688,197	$	1,428,073	$	1,176,112	$	2,604,185	$	242,587	$	2,634,763
Multi-family		-		-		-		-		-		-
Non-residential		2,435,424		-		2,264,763		2,264,763		185,172		2,030,894
Commercial		-		-		-		-		-		-
Consumer direct		-		-		-		-		-		-
Purchased auto		24,564		-		24,564		24,564		12,282		9,261
	$	5,148,185	$	1,428,073	$	3,465,439	$	4,893,512	$	440,041	$	4,674,918

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

December 31, 2017	Nonaccrual		Loans Past Due Over 90 Days Still Accruing
One-to-four family	$	1,213,662	$	-
Multi-family		-		-
Non-residential		355,203		-
Commercial		10,454		-
Consumer direct		-		-
Purchased auto		985		-
	$	1,580,304	$	-

December 31, 2016	Nonaccrual		Loans Past Due Over 90 Days Still Accruing
One-to-four family	$	2,693,055	$	-
Multi-family		-		-
Non-residential		2,264,763		-
Commercial		-		-
Consumer direct		-		-
Purchased auto		24,564		-
	$	4,982,382	$	-

Past Due Financing Receivables [Table Text Block]

December 31, 2017	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Past Due Loans		Current Loans		Total Loans
One-to-four family	$	860,502	$	985,661	$	99,601	$	1,945,764	$	122,172,571	$	124,118,335
Multi-family		-		-		-		-		5,664,524		5,664,524
Non-residential		478,930		394,634		-		873,564		31,259,530		32,133,094
Commercial		-		10,454		-		10,454		20,748,808		20,759,262
Consumer direct		-		-		-		-		6,281,712		6,281,712
Purchased auto		30,352		-		985		31,337		20,519,273		20,550,610
	$	1,369,784	$	1,390,749	$	100,586	$	2,861,119	$	206,646,418	$	209,507,537

December 31, 2016	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Past Due Loans		Current Loans		Total Loans
One-to-four family	$	1,879,438	$	22,562	$	1,089,635	$	2,991,635	$	100,880,051	$	103,871,686
Multi-family		-		-		-		-		5,182,611		5,182,611
Non-residential		118,132		-		680,802		798,934		21,761,233		22,560,167
Commercial		-		-		-		-		16,645,226		16,645,226
Consumer direct		1,105		-		-		1,105		2,858,598		2,859,703
Purchased auto		4,364		-		24,564		28,928		11,685,257		11,714,185
	$	2,003,039	$	22,562	$	1,795,001	$	3,820,602	$	159,012,976	$	162,833,578

Financing Receivable Credit Quality Indicators [Table Text Block]

December 31, 2017	Pass		Special Mention		Substandard		Doubtful		Not rated
One-to-four family	$	-	$	529,738	$	1,130,849	$	-	$	122,457,748
Multi-family		-		-		-		-		5,664,524
Non-residential		31,531,886		246,005		355,203		-		-
Commercial		20,748,808		-		10,454		-		-
Consumer direct		-		-		-		-		6,281,712
Purchased auto		-		-		985		-		20,549,625
Total	$	52,280,694	$	775,743	$	1,497,491	$	-	$	154,953,609

December 31, 2016	Pass		Special Mention		Substandard		Doubtful		Not rated
One-to-four family	$	-	$	562,215	$	2,604,185	$	-	$	100,705,286
Multi-family		-		127,987		-		-		5,054,624
Non-residential		20,102,176		193,228		2,264,763		-		-
Commercial		16,645,226		-		-		-		-
Consumer direct		-		-		-		-		2,859,703
Purchased auto		-		-		24,564		-		11,689,621
Total	$	36,747,402	$	883,430	$	4,893,512	$	-	$	120,309,234