Note 3 - Securities (Tables)

6 Months Ended

Jun. 30, 2016

Held-to-maturity Securities [Member]

Notes Tables

Held-to-maturity Securities [Table Text Block]

	Amortized Cost		Approximate Fair Value
Government sponsored mortgage-backed securities not due on a single maturity date	$	33,858	$	34,702

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Approximate Fair Value
As of June 30, 2016
Equity Securities	$	102,212	$	1,732	$	(17,593	)	$	86,351
Debt Securities:
Municipals		46,872,094		1,272,166		(17,406	)		48,126,854
Corporates		5,091,733		1,980		(200,907	)		4,892,805
Government sponsored mortgage-backed securities and SBA loan pools		51,550,483		334,049		(124,005	)		51,760,527
	$	103,616,522	$	1,609,927	$	(359,911	)	$	104,866,537

	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		2,358,344		2,369,598
6-10 years		12,192,973		12,442,776
After 10 years		37,412,510		38,207,285
Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date		51,550,483		51,760,527
	$	103,514,310	$	104,780,186

Held-to-maturity Securities [Table Text Block]

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Approximate Fair Value
As of June 30, 2016
Debt Securities:
Government sponsored mortgage-backed securities	$	33,858	$	844	$	-	$	34,702

	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]

	June 30, 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	$	-	$	-		$	30,334	$	(17,593	)	$	30,334	$	(17,593	)
Municipals		2,448,778		(17,125	)		183,530		(281	)		2,632,308		(17,406	)
Corporates		1,379,005		(58,196	)		2,963,750		(142,711	)		4,342,755		(200,907	)
Government sponsored mortgage-backed securities and SBA loan pools		13,970,611		(72,724	)		5,423,326		(51,281	)		19,393,937		(124,005	)
	$	17,798,394	$	(148,045	)	$	8,600,940	$	(211,866	)	$	26,399,334	$	(359,911	)

	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	)