Note 21 - Unaudited Quarterly Operating Results

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

NOTE 21:     UNAUDITED QUARTERLY OPERATING RESULTS

	Year Ended December 31, 2015, Quarter ended
	Mar-15		Jun-15		Sep-15		Dec-15
Interest income	$	6,287,637	$	6,386,510	$	6,229,091	$	6,286,396
Interest expense		1,091,690		1,112,376		1,046,661		1,029,155
Net interest income		5,195,947		5,274,134		5,182,430		5,257,241
Provision for loan losses		150,000		-		200,000		250,000
Gain on loans and investment securities		385,863		857,664		469,767		389,611
Other noninterest income, net		615,846		654,089		693,782		586,089
Noninterest expense		4,129,675		4,551,780		4,105,593		3,997,319
Income before income taxes		1,917,981		2,234,107		2,040,386		1,985,622
Provision for income taxes		588,437		696,158		621,751		554,983
Net income available to common shareholders	$	1,329,544	$	1,537,949	$	1,418,635	$	1,430,639
Basic income per common share	$	0.31	$	0.35	$	0.33	$	0.33
Diluted income per common share	$	0.30	$	0.35	$	0.32	$	0.33

	Year Ended December 31, 2014, Quarter ended
	Mar-14		Jun-14		Sep-14		Dec-14
Interest income	$	6,360,064	$	6,037,583	$	6,147,059	$	6,469,608
Interest expense		1,100,897		1,060,346		1,086,163		1,081,899
Net interest income		5,259,167		4,977,237		5,060,896		5,387,709
Provision for loan losses		200,000		325,000		450,000		300,000
Gain on loans and investment securities		188,666		258,270		248,413		320,417
Other noninterest income, net		629,027		604,225		618,972		550,474
Noninterest expense		4,344,604		3,882,983		3,851,068		3,740,093
Income before income taxes		1,532,256		1,631,749		1,627,213		2,218,507
Provision for income taxes		230,830		293,066		266,730		436,403
Net income		1,301,426		1,338,683		1,360,483		1,782,104
Preferred stock dividends and discount accretion		246,210		111,000		-		-
Net income available to common shareholders	$	1,055,216	$	1,227,683	$	1,360,483	$	1,782,104
Basic income per common share	$	0.33	$	0.29	$	0.32	$	0.41
Diluted income per common share	$	0.33	$	0.28	$	0.31	$	0.41