Note 8 - Disclosures about Fair Value of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

September 30, 2013
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Equity securities	$	88	$	-	$	-	$	88
Debt securities:
U.S. government agencies		-		37,579		-		37,579
Municipals		-		13,359		-		13,359
Corporate Bonds		-		985		-		985
Government sponsored mortgage-backed securities		-		53,860		-		53,860
Available-for-sale securities	$	88	$	105,783	$	-	$	105,871

December 31, 2012
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Equity securities	$	71	$	-	$	-	$	71
Debt securities:
U.S. government agencies		-		38,351		-		38,351
U.S. corporate		-		1,908		-		1,908
Municipals		-		10,378		-		10,378
Government sponsored mortgage-backed securities		-		51,273		-		51,273
Available-for-sale securities	$	71	$	101,910	$	-	$	101,981

Fair Value Measurements, Nonrecurring [Table Text Block]

Impaired loans:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
September 30, 2013	$	-	$	-	$	10,027	$	10,027
December 31, 2012	$	-	$	-	$	10,557	$	10,557

Foreclosed assets held for sale:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
September 30, 2013	$	-	$	-	$	341	$	341
December 31, 2012	$	-	$	-	$	3,883	$	3,883

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

	Fair Value September 30, 2013		Valuation Technique	Unobservable Input	Range (Weighted Average)
Impaired loans (collateral dependent)	$	8,563	Market Comparable	Discount to reflect realizable value	0%	-	33%	(11%)
Impaired loans	$	1,465	Discounted cash flow	Discount rate		0%		(0%)
Foreclosed assets held for sale	$	341	Market Comparable	Discount to reflect realizable value	0%	-	68%	(14%)

Fair Value, by Balance Sheet Grouping [Table Text Block]

	September 30, 2013
	Carrying Amount		Fair Value		Hierarchy Level
Financial assets:
Cash and cash equivalents	$	30,077,374	$	30,077,374		1
Held-to-maturity securities		84,188		88,063		2
Federal Home Loan Bank stock		2,909,100		2,909,100		2
Mortgage loans held for sale		1,108,314		1,108,314		2
Loans, net		458,486,044		462,162,369		3
Interest receivable		1,821,702		1,821,702		2
Financial liabilities:
Deposits		510,723,980		502,068,646		2
Federal Home Loan Bank advances		52,950,000		55,126,441		2
Securities sold under agreements to repurchase		10,000,000		10,049,450		2
Subordinated debentures		15,465,000		15,465,000		3
Interest payable		262,892		262,892		2
Unrecognized financial instruments (net of contractual value):
Commitments to extend credit		-		-		-
Unused lines of credit		-		-		-

	December 31, 2012
	Carrying Amount		Fair Value		Hierarchy  Level
Financial assets:
Cash and cash equivalents	$	41,663,405	$	41,663,405		1
Held-to-maturity securities		181,042		193,482		2
Federal Home Loan Bank stock		3,805,500		3,805,500		2
Mortgage loans held for sale		2,843,757		2,843,757		2
Loans, net		465,531,973		475,374,676		3
Interest receivable		2,055,369		2,055,369		2
Financial liabilities:
Deposits		500,014,715		500,580,070		2
Federal Home Loan Bank advances		68,050,000		72,035,160		2
Securities sold under agreements to repurchase		25,000,000		25,114,464		2
Subordinated debentures		15,465,000		15,465,000		3
Interest payable		399,684		399,684		2
Unrecognized financial instruments (net of contractual value):
Commitments to extend credit		-		-		-
Unused lines of credit		-		-		-