Note 3 - Securities (Tables)

3 Months Ended

Mar. 31, 2016

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 March 31, 2016
Equity Securities	$	102,212	$	715	$	(16,693	)	$	86,234
Debt Securities:
Municipals		37,664,629		483,622		(148,304	)		37,999,947
Corporates		3,975,245		-		(408,265	)		3,566,980
Government sponsored mortgage-backed securities and SBA loan pools		62,260,340		164,558		(353,400	)		62,071,498
	$	104,002,426	$	648,895	$	(926,662	)	$	103,724,659

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Approximate Fair Value
As of December 31, 2015
Equity Securities	$	102,212	$	10,081	$	(12,776	)	$	99,517
Debt Securities:
U. S. government agencies		8,533,885		-		(137,101	)		8,396,784
Municipals		31,132,635		302,335		(85,808	)		31,349,162
Corporates		3,965,719		-		(152,019	)		3,813,700
Government sponsored mortgage-backed securities and SBA loan pools		54,643,681		13,764		(1,024,121	)		53,633,324
	$	98,378,132	$	326,180	$	(1,411,825	)	$	97,292,487

Available-for-sale Securities [Table Text Block]

	Amortized Cost		Approximate Fair Value
1-5 years		1,299,512		1,309,178
6-10 years		9,178,455		9,285,889
After 10 years		31,161,907		30,971,860
Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date		62,260,340		62,071,498
	$	103,900,214	$	103,638,425

Held-to-maturity Securities [Table Text Block]

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Approximate Fair Value
As of March 31, 2016
Debt Securities:
Government sponsored mortgage-backed securities	$	38,781	$	772	$	-	$	39,553

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Approximate Fair Value
As of December 31, 2015
Debt Securities:
Government sponsored mortgage-backed securities	$	43,099	$	836	$	-	$	43,935

Schedule of Unrealized Loss on Investments [Table Text Block]

	March 31, 2016
	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	$	-	$	-		$	31,234	$	(16,693	)	$	31,234	$	(16,693	)
Municipals		10,001,797		(103,629	)		2,060,307		(44,675	)		12,062,104		(148,304	)
Corporates		1,599,480		(159,529	)		1,967,500		(248,736	)		3,566,980		(408,265	)
Government sponsored mortgage-backed securities and SBA loan pools		28,090,865		(134,453	)		17,521,121		(218,947	)		45,611,986		(353,400	)
	$	39,692,142	$	(397,611	)	$	21,580,162	$	(529,051	)	$	61,272,304	$	(926,662	)

	December 31, 2015
	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	$	-	$	-		$	35,151	$	(12,776	)	$	35,151	$	(12,776	)
U. S. government agencies		6,399,920		(83,965	)		1,996,864		(53,136	)		8,396,784		(137,101	)
Municipals		6,167,019		(70,266	)		715,410		(15,542	)		6,882,429		(85,808	)
Corporates		1,675,500		(79,708	)		2,138,200		(72,311	)		3,813,700		(152,019	)
Government sponsored mortgage-backed securities and SBA loan pools		33,072,102		(493,865	)		15,923,314		(530,256	)		48,995,416		(1,024,121	)
	$	47,314,541	$	(727,804	)	$	20,808,939	$	(684,021	)	$	68,123,480	$	(1,411,825	)

Held-to-maturity Securities [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	$	38,781	$	39,553