Note 20 - Condensed Parent Company Statements (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet [Table Text Block]

Condensed Balance Sheets	December 31,
	2015			2014
Assets
Cash	$	3,642,158		$	3,882,370
Available-for-sale securities		99,517			105,024
Investment in subsidiary		77,953,486			71,626,420
Investment in Capital Trust I & II		465,000			465,000
Prepaid expenses and other assets		13,894			15,954
Refundable income taxes		119,379			1,216,032
Deferred income taxes		9,985			7,947
	$	82,303,419		$	77,318,747
Liabilities
Subordinated debentures	$	15,465,000		$	15,465,000
Accrued expenses and other liabilities		409,054			370,000
Due to subsidiary		6,900			6,900
Stockholders' equity
Common stock		685,900			682,320
Additional paid-in capital		50,441,464			50,366,546
Retained earnings		53,258,126			48,549,691
Unrealized loss on available-for-sale securities, net		(683,956	)		(448,421	)
Treasury stock		(37,279,069	)		(37,673,289	)
	$	82,303,419		$	77,318,747

Condensed Income Statement [Table Text Block]

Condensed Statements of Income	Years ended December 31,
	2015			2014			2013
Income
Dividends from subsidiary bank	$	-		$	-		$	4,003,250
Interest income:
Other		16,200			16,069			16,152
		16,200			16,069			4,019,402
Expense
Interest expense:
Related party		538,785			533,207			537,178
Other		734,780			765,848			815,865
		1,273,565			1,299,055			1,353,043
Income (loss) before income taxes and equity in undistributed income (loss) of subsidiaries		(1,257,365	)		(1,282,986	)		2,666,359
Credit for income taxes		(415,000	)		(399,000	)		(412,000	)
Income (loss) before equity in undistributed earnings of subsidiaries		(842,365	)		(883,986	)		3,078,359
Equity in undistributed income of subsidiaries		6,559,132			6,666,682			2,161,348
Net income	$	5,716,767		$	5,782,696		$	5,239,707

Condensed Cash Flow Statement [Table Text Block]

Condensed Statements of Cash Flows	Years ended December 31,
	2015			2014			2013
Cash Flows From Operating Activities
Net income	$	5,716,767		$	5,782,696		$	5,239,707
Items not requiring (providing) cash:
Equity in undistributed income of subsidiaries		(6,559,132	)		(6,666,682	)		(2,161,349	)
Deferred income taxes		-			(17,976	)		-
Stock award plan expense		285,589			242,189			254,508
Changes in:
Prepaid expenses and other assets		2,060			157,745			(138,119	)
Income taxes payable/refundable		1,096,653			326,287			(390,000	)
Accrued expenses		(95,779	)		55,519			8,723
Net cash provided by (used in) operating activities		446,158			(120,222	)		2,813,470
Cash Flows From Financing Activities
Proceeds from issuance of common stock		-			15,814,312			-
Stock options exercised		187,129			210,870			9,408
Cash dividends paid on common and preferred stock		(873,499	)		(844,786	)		(600,000	)
Treasury stock purchased		-			-			(106,636	)
Repayment of advances from subsidiary		-			-			27,695
Repurchase of stock warrants		-			-			(2,003,250	)
Redemption of preferred stock		-			(12,000,000	)		-
Net cash provided by (used in) financing activities		(686,370	)		3,180,396			(2,672,783	)
Increase (Decrease) in cash		(240,212	)		3,060,174			140,687
Cash, beginning of year		3,882,370			822,196			681,509
Cash, end of year	$	3,642,158		$	3,882,370		$	822,196

Condensed Statement of Comprehensive Income [Table Text Block]

Statements of Comprehensive Income	Years ended December 31,
	2015			2014		2013
NET INCOME	$	5,716,767		$	5,782,696	$	5,239,707
OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS):
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes		(5,507	)		5,718		28,392
Income tax expense related to other items of comprehensive income		2,038			2,117		10,505
Other comprehensive income (loss)		(7,545	)		3,601		17,887
Comprehensive income (loss) of Bank		(227,990	)		2,054,226		(3,324,961	)
TOTAL COMPREHENSIVE INCOME	$	5,481,232		$	7,840,523	$	1,932,633