Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 4,014,018	$ 3,561,272
Interest-bearing deposits in other financial institutions	5,784,762	15,213,147
Cash and cash equivalents	9,798,780	18,774,419
Available-for-sale securities	104,866,537	97,292,487
Held-to-maturity securities	33,858	43,099
Stock in Federal Home Loan Bank, at cost	3,919,000	2,837,500
Mortgage loans held for sale	1,977,683	1,902,933
Loans receivable, net of allowance for loan losses of June 30, 2016 - $6,181,151 - December 31, 2015 - $5,811,940	518,948,805	491,001,907
Loans	1,331,705	1,515,818
Investments and interest-bearing deposits	548,896	470,874
Prepaid expenses and other assets	3,576,572	3,525,032
Foreclosed assets held for sale	2,503,635	2,391,727
Premises and equipment, net	10,817,527	10,540,428
Bank owned life insurance	19,025,297	18,779,915
Deferred and receivable income taxes	2,559,715	3,758,933
	679,908,010	652,835,072
LIABILITIES
Deposits	514,414,560	517,385,695
Federal Home Loan Bank advances	78,400,000	52,100,000
Subordinated debentures	15,465,000	15,465,000
Advances from borrowers for taxes and insurance	391,722	190,853
Accrued expenses and other liabilities	1,022,098	1,074,957
Accrued interest payable	198,173	196,102
	609,891,553	586,412,607
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Common stock, $0.10 par value; authorized 10,000,000 shares; issued June 30, 2016 and December 31, 2015 - 6,875,503 and 6,859,003 shares, respectively	687,550	685,900
Additional paid-in capital	50,365,974	50,441,464
Retained earnings, substantially restricted	55,081,592	53,258,126
Accumulated other comprehensive income (loss)
Unrealized gain (loss) on available-for-sale securities, net of income taxes	787,510	(683,956)
	106,922,626	103,701,534
Treasury stock, at cost; June 30, 2016 and December 31, 2015 - 2,441,783 and 2,466,462 shares, respectively	(36,906,169)	(37,279,069)
	70,016,457	66,422,465
	$ 679,908,010	$ 652,835,072