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

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

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

3/31/2015
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Equity securities	$	105	$	-	$	-	$	105
Debt securities:
U.S. government agencies		-		8,452		-		8,452
Municipals		-		16,324		-		16,324
Corporates		-		3,880		-		3,880
Government sponsored mortgage-backed securities and SBA loan pools		-		58,495		-		58,495
Available-for-sale securities	$	105	$	87,151	$	-	$	87,256

12/31/2014
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Equity securities	$	105	$	-	$	-	$	105
Debt securities:
U.S. government agencies		-		10,257		-		10,257
Municipals		-		15,590		-		15,590
Government sponsored mortgage-backed securities and SBA loan pools		-		60,516		-		60,516
Available-for-sale securities	$	105	$	86,363	$	-	$	86,468

Fair Value Measurements, Nonrecurring [Table Text Block]

	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
March 31, 2015	$	-	$	-	$	4,305	$	4,305
December 31, 2014	$	-	$	-	$	4,076	$	4,076

	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
March 31, 2015	$	-	$	-	$	-	$	-
December 31, 2014	$	-	$	-	$	354	$	354

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

	Fair Value March 31, 2014		Valuation Technique	Unobservable Input	Range (Weighted Average)
Impaired loans (collateral dependent)	$	3,989	Market Comparable	Discount to reflect realizable value		0%-16%	(10%)
Impaired loans	$	316	Discounted cash flow	Discount rate		0%-52%	(51%)
Foreclosed assets held for sale	$	-	Market Comparable	Discount to reflect realizable value		0%

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

	March 31, 2015
	Carrying Amount		Fair Value		Hierarchy Level
Financial assets:
Cash and cash equivalents	$	44,056,887	$	44,056,887		1
Held-to-maturity securities		56,523		58,008		2
Federal Home Loan Bank stock		2,847,500		2,847,500		2
Mortgage loans held for sale		1,417,706		1,417,706		2
Loans, net		494,728,868		496,967,473		3
Interest receivable		1,828,834		1,828,834		2
Financial liabilities:
Deposits		525,821,413		523,547,849		2
Federal Home Loan Bank advances		52,350,000		54,026,598		2
Securities sold under agreements to repurchase		10,000,000		10,413,014		2
Subordinated debentures		15,465,000		15,465,000		3
Interest payable		240,626		240,626		2
Unrecognized financial instruments (net of contractual value):
Commitments to extend credit		-		-		-
Unused lines of credit		-		-		-

	December 31, 2014
	Carrying Amount		Fair Value		Hierarchy Level
Financial assets:
Cash and cash equivalents	$	12,493,890	$	12,493,890		1
Held-to-maturity securities		60,993		62,619		2
Federal Home Loan Bank stock		3,156,900		3,156,900		2
Mortgage loans held for sale		1,214,632		1,214,632		2
Loans, net		486,586,636		487,244,753		3
Interest receivable		2,030,058		2,030,058		2
Financial liabilities:
Deposits		479,818,282		476,519,750		2
FHLB and Federal Reserve advances		60,350,000		61,615,252		2
Securities sold under agreements to repurchase		10,000,000		10,371,866		2
Subordinated debentures		15,465,000		15,465,000		3
Interest payable		242,145		242,145		2
Unrecognized financial instruments (net of contractual value):
Commitments to extend credit		-		-		-
Unused lines of credit		-		-		-