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

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

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

3/31/2016
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Equity securities	$	86	$	-	$	-	$	86
Debt securities:
Municipals		-		38,000		-		38,000
Corporates		-		3,567		-		3,567
Government sponsored mortgage-backed securities and SBA loan pools		-		62,072		-		62,072
Available-for-sale securities	$	86	$	103,639	$	-	$	103,725

12/31/2015
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Equity securities	$	99	$	-	$	-	$	99
Debt securities:
U.S. government agencies		-		8,397		-		8,397
Municipals		-		31,349		-		31,349
Corporates		-		3,814		-		3,814
Government sponsored mortgage-backed securities and SBA loan pools		-		53,633		-		53,633
Available-for-sale securities	$	99	$	97,193	$	-	$	97,292

Fair Value Measurements, Nonrecurring [Table Text Block]

Impaired loans:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
March 31, 2016	$	-	$	-	$	12,540	$	12,540
December 31, 2015	$	-	$	-	$	12,923	$	12,923

Foreclosed assets held for sale:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
March 31, 2016	$	-	$	-	$	-	$	-
December 31, 2015	$	-	$	-	$	-	$	-

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

	Fair Value March 31, 2016		Valuation  Techniques	Unobservable Input	Range (Weighted Average)
Impaired loans (collateral dependent)	$	4,554	Market Comparable	Discount to reflect realizable value	0%	-	38%	(6%)
Impaired loans	$	7,986	Discounted cash flow	Discount rate	0%	-	41%	(3%)
Foreclosed assets held for sale	$	-	Market Comparable	Discount to reflect realizable value		0%

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

	March 31, 2016
	Carrying Amount		Fair Value		Hierarchy Level
Financial assets:
Cash and cash equivalents	$	17,621,871	$	17,621,871		1
Held-to-maturity securities		38,781		39,553		2
Federal Home Loan Bank stock		2,867,000		2,867,000		2
Mortgage loans held for sale		1,517,016		1,517,016		2
Loans, net		490,064,640		490,230,468		3
Interest receivable		1,769,927		1,769,927		2
Financial liabilities:
Deposits		519,063,768		506,125,859		2
Federal Home Loan Bank advances		52,100,000		53,440,089		2
Subordinated debentures		15,465,000		15,465,000		3
Interest payable		190,573		190,573		2
Unrecognized financial instruments (net of contractual value):
Commitments to extend credit		-		-		-
Unused lines of credit		-		-		-

	December 31, 2015
	Carrying Amount		Fair Value		Hierarchy Level
Financial assets:
Cash and cash equivalents	$	18,774,419	$	18,774,419		1
Held-to-maturity securities		43,099		43,935		2
Federal Home Loan Bank stock		2,837,500		2,837,500		2
Mortgage loans held for sale		1,902,933		1,902,933		2
Loans, net		491,001,907		495,207,798		3
Interest receivable		1,986,692		1,986,692		2
Financial liabilities:
Deposits		517,385,695		511,225,380		2
Federal Home Loan Bank advances		52,100,000		53,227,960		2
Subordinated debentures		15,465,000		15,465,000		3
Interest payable		196,102		196,102		2
Unrecognized financial instruments (net of contractual value):
Commitments to extend credit		-		-		-
Unused lines of credit		-		-		-