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

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

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

June 30, 2015
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Equity securities	$	111	$	-	$	-	$	111
Debt securities:
U.S. government agencies		-		8,379		-		8,379
Municipals		-		15,818		-		15,818
Corporates
Government sponsored mortgage-backed		-		3,899		-		3,899
securities and SBA loan pools		-		55,202		-		55,202
Available-for-sale securities	$	111	$	83,298	$	-	$	83,409

December 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]

Impaired loans:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
June 30, 2015	$	-	$	-	$	3,719	$	3,719
December 31, 2014	$	-	$	-	$	4,076	$	4,076

Foreclosed assets held for sale:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
June 30, 2015	$	-	$	-	$	190	$	190
December 31, 2014	$	-	$	-	$	354	$	354

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

	Fair Value June 30, 2015		Valuation Technique	Unobservable Input	Range (Weighted Average)
Impaired loans (collateral dependent)	$	3,403	Market Comparable	Discount to reflect realizable value		0%-14%	(10%)
Impaired loans	$	316	Discounted cash flow	Discount rate		0%-51%	(50%)
Foreclosed assets held for sale	$	190	Market Comparable	Discount to reflect realizable value		0%

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

	June 30, 2015
	Carrying Amount		Fair Value		Hierarchy Level
Financial assets:
Cash and cash equivalents	$	21,417,331	$	21,417,331		1
Held-to-maturity securities		51,341		52,720		2
Federal Home Loan Bank stock		2,837,500		2,837,500		2
Mortgage loans held for sale		1,618,290		1,618,290		2
Loans, net		504,632,124		504,621,172		3
Interest receivable		2,085,322		2,085,322		2
Financial liabilities:
Deposits		519,547,082		516,151,059		2
Federal Home Loan Bank advances		52,100,000		53,565,166		2
Subordinated debentures		15,465,000		15,465,000		3
Interest payable		195,937		195,937		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
Federal Home Loan Bank 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		-		-		-