Note 3 - Securities (Tables)

9 Months Ended

Sep. 30, 2014

Note 3 - Securities (Tables) [Line Items]

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Approximate Fair Value
As of September 30, 2014
Equity Securities	$	102,212	$	13,977	$	(15,298	)	$	100,891
Debt Securities:
U. S. government agencies		16,860,032		-		(593,261	)		16,266,771
Municipals		14,348,081		148,064		(129,926	)		14,366,219
Government sponsored mortgage-backed securities		66,965,907		252,102		(1,236,401	)		65,981,608
	$	98,276,232	$	414,143	$	(1,974,886	)	$	96,715,489

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Approximate Fair Value
As of December 31, 2013
Equity Securities	$	102,212	$	16,007	$	(18,913	)	$	99,306
Debt Securities:
U. S. government agencies		33,198,865		-		(1,437,478	)		31,761,387
Municipals		14,133,821		18,827		(660,021	)		13,492,627
Corporates		990,663		3,609		-			994,272
Government sponsored mortgage-backed securities		53,245,297		265,038		(2,165,242	)		51,345,093
	$	101,670,858	$	303,481	$	(4,281,654	)	$	97,692,685

Available-for-sale Securities [Table Text Block]

	Amortized Cost		Approximate Fair Value
1-5 years	$	8,513,565	$	8,322,947
6-10 years		14,973,074		14,533,744
After 10 years		7,721,474		7,776,299
Government sponsored mortgage-backed securities not due on a single maturity date		66,965,907		65,981,608
	$	98,174,020	$	96,614,598

Held-to-maturity Securities [Table Text Block]

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Approximate Fair Value
As of September 30, 2014
Debt Securities:
Government sponsored mortgage-backed securities	$	65,352	$	1,742	$	-	$	67,094

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Approximate Fair Value
As of December 31, 2013
Debt Securities:
Government sponsored mortgage-backed securities	$	79,162	$	1,927	$	-	$	81,089

Schedule of Unrealized Loss on Investments [Table Text Block]

	September 30, 2014
	Less than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Equity Securities	$	-	$	-		$	32,629	$	(15,298	)	$	32,629	$	(15,298	)
U. S. government agencies		-		-			16,266,771		(593,261	)		16,266,771		(593,261	)
Municipals		1,560,280		(3,087	)		6,485,567		(126,839	)		8,045,847		(129,926	)
Government sponsored mortgage-backed securities		11,213,100		(66,485	)		33,770,891		(1,169,916	)		44,983,991		(1,236,401	)
	$	12,773,380	$	(69,572	)	$	56,555,858	$	(1,905,314	)	$	69,329,238	$	(1,974,886	)

	December 31, 2013
	Less than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Equity Securities	$	-	$	-		$	29,014	$	(18,913	)	$	29,014	$	(18,913	)
U. S. government agencies		24,731,730		(916,208	)		7,029,657		(521,270	)		31,761,387		(1,437,478	)
Municipals		10,460,662		(534,440	)		1,701,215		(125,581	)		12,161,877		(660,021	)
Government sponsored mortgage-backed securities		32,074,646		(1,655,296	)		9,685,143		(509,946	)		41,759,789		(2,165,242	)
	$	67,267,038	$	(3,105,944	)	$	18,445,029	$	(1,175,710	)	$	85,712,067	$	(4,281,654	)

Held to Maturity Maturities [Member]

Note 3 - Securities (Tables) [Line Items]

Held-to-maturity Securities [Table Text Block]

	Amortized Cost		Approximate Fair Value
Government sponsored mortgage-backed securities not due on a single maturity date	$	65,352	$	67,094