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Note 16 - Fair Values of Financial Instruments - Estimated Fair Values of Financial Instruments (Details) - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Reported Value Measurement [Member]    
Cash and cash equivalents $ 6,038,411 $ 8,430,458
Time deposits 1,483,500 250,000
Federal funds sold 4,185,000 5,663,000
Securities 24,515,759 26,302,888
Net loans 247,775,814 235,926,419
Loans held for sale 1,225,526  
Accrued interest receivable 875,104 824,542
Mortgage servicing rights 534,646 446,375
Accrued interest payable 8,146 5,648
FHLB advances 9,068,030 12,087,152
Reported Value Measurement [Member] | Non-Interest Bearing Deposits [Member]    
Deposits 13,664,986 14,057,719
Reported Value Measurement [Member] | Interest Bearing Deposits, Liabilities [Member]    
Deposits 222,648,518 209,390,810
Estimate of Fair Value Measurement [Member]    
Cash and cash equivalents 6,038,411 8,430,458
Time deposits 1,483,500 250,000
Federal funds sold 4,185,000 5,663,000
Securities 24,515,759 26,302,888
Net loans 248,373,122 232,996,807
Loans held for sale 1,225,526  
Accrued interest receivable 875,104 824,542
Mortgage servicing rights 534,646 446,375
Accrued interest payable 8,146 5,648
FHLB advances 9,158,597 12,136,386
Estimate of Fair Value Measurement [Member] | Non-Interest Bearing Deposits [Member]    
Deposits 13,664,986 14,057,719
Estimate of Fair Value Measurement [Member] | Interest Bearing Deposits, Liabilities [Member]    
Deposits 226,125,337 209,576,569
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]    
Cash and cash equivalents 6,038,411 8,430,458
Time deposits 1,483,500 250,000
Federal funds sold 4,185,000 5,663,000
Securities
Net loans
Loans held for sale  
Accrued interest receivable 875,104 824,542
Mortgage servicing rights
Accrued interest payable 8,146 5,648
FHLB advances
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Non-Interest Bearing Deposits [Member]    
Deposits 13,664,986 14,057,719
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Bearing Deposits, Liabilities [Member]    
Deposits
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]    
Cash and cash equivalents
Time deposits
Federal funds sold
Securities 24,515,759 26,302,888
Net loans
Loans held for sale 1,225,526  
Accrued interest receivable
Mortgage servicing rights
Accrued interest payable
FHLB advances 9,158,597 12,136,386
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Non-Interest Bearing Deposits [Member]    
Deposits
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Bearing Deposits, Liabilities [Member]    
Deposits
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]    
Cash and cash equivalents
Time deposits
Federal funds sold
Securities
Net loans 248,373,122 232,996,807
Loans held for sale  
Accrued interest receivable
Mortgage servicing rights 534,646 446,375
Accrued interest payable
FHLB advances
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Non-Interest Bearing Deposits [Member]    
Deposits
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Bearing Deposits, Liabilities [Member]    
Deposits $ 226,125,337 $ 209,576,569