Note 11 - Disclosures About Fair Value of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

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

As of December 31, 2016
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Debt securities:
Municipals	$	-	$	38,338	$	-	$	38,338
Corporates		-		7,053		-		7,053
Government sponsored mortgage-backed securities and SBA loan pools		-		47,008		-		47,008
Available-for-sale securities	$	-	$	92,399	$	-	$	92,399

As of December 31, 2015
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Equity securities:
Other	$	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
December 31, 2016	$	-	$	-	$	1,006	$	1,006
December 31, 2015	$	-	$	-	$	12,923	$	12,923

Foreclosed assets held for sale:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
December 31, 2016	$	-	$	-	$	149	$	149
December 31, 2015	$	-	$	-	$	-	$	-

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

	Fair Value December 31, 2016		Valuation Technique	Unobservable Input	Range (Weighted Average)
Impaired loans (collateral dependent)	$	1,006	Market Comparable	Discount to reflect realizable value	0%	-	100%	(7%)
Foreclosed assets held for sale	$	149	Market Comparable	Discount to reflect realizable value			10%

	Fair Value December 31, 2015		Valuation Technique	Unobservable Input	Range (Weighted Average)
Impaired loans (collateral dependent)	$	5,000	Market Comparable	Discount to reflect realizable value	0%	-	23%	(4%)
Foreclosed assets held for sale	$	-	Market Comparable	Discount to reflect realizable value			0%

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

	December 31, 2016						December 31, 2015
	Carrying Amount		Fair Value		Hierarchy Level		Carrying Amount		Fair Value		Hierarchy Level
Financial assets:
Cash and cash equivalents	$	9,088,441	$	9,088,441		1	$	18,774,419	$	18,774,419		1
Held-to-maturity securities		27,528		28,153		2		43,099		43,935		2
Federal Home Loan Bank stock		4,611,000		4,611,000		2		2,837,500		2,837,500		2
Mortgage loans held for sale		2,183,633		2,183,633		2		1,902,933		1,902,933		2
Loans, net		538,273,640		537,645,692		3		491,001,907		495,207,798		3
Interest receivable		1,947,063		1,947,063		2		1,986,692		1,986,692		2
Financial liabilities:
Deposits		505,362,750		504,829,161		2		517,385,695		511,225,380		2
FHLB and Federal Reserve advances		95,700,000		95,764,840		2		52,100,000		53,227,960		2
Subordinated debentures		15,465,000		15,465,000		3		15,465,000		15,465,000		3
Interest payable		207,833		207,833		2		196,102		196,102		2
Unrecognized financial instruments
(net of contractual value):
Commitments to extend credit		-		-		-		-		-		-
Unused lines of credit		-		-		-		-		-		-