Note 14 - Disclosures About Fair Value of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

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

As of December 31, 2018
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Debt securities:
Municipals	$	-	$	33,770	$	-	$	33,770
Corporates		-		3,019		-		3,019
Government sponsored mortgage-backed securities and SBA loan pools		-		49,477		-		49,477
Available-for-sale securities	$	-	$	86,266	$	-	$	86,266
Interest Rate Swaps	$	-	$	1,272	$	-	$	1,272

As of December 31, 2017
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Debt securities:
Municipals	$	-	$	33,898	$	-	$	33,898
Corporates		-		3,065		-		3,065
Government sponsored mortgage-backed securities and SBA loan pools		-		44,515		-		44,515
Available-for-sale securities	$	-	$	81,478	$	-	$	81,478
Interest Rate Swaps	$	-	$	568	$	-	$	568

Fair Value Measurements, Nonrecurring [Table Text Block]

	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
December 31, 2018	$	-	$	-	$	10,428	$	10,428
December 31, 2017	$	-	$	-	$	2,224	$	2,224

	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
December 31, 2018	$	-	$	-	$	909	$	909
December 31, 2017	$	-	$	-	$	-	$	-

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

	Fair Value December 31, 2018		Valuation Technique	Unobservable Input	Range (Weighted Average)
Impaired loans (collateral dependent)	$	10,428	Market Comparable	Discount to reflect realizable value		0%	-	100%	(8%)
Foreclosed assets held for sale	$	909	Market Comparable	Discount to reflect realizable value		25%	-	34%	(30%)

	Fair Value December 31, 2017		Valuation Technique	Unobservable Input	Range (Weighted Average)
Impaired loans (collateral dependent)	$	2,224	Market Comparable	Discount to reflect realizable value		0%	-	100%	(12%)
Foreclosed assets held for sale	$	-	Market Comparable	Discount to reflect realizable value			0%

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

	December 31, 2018						December 31, 2017
	Carrying Amount		Fair Value		Hierarchy Level		Carrying Amount		Fair Value		Hierarchy Level
Financial assets:
Cash and cash equivalents	$	34,121,642	$	34,121,642		1	$	37,406,930	$	37,406,930		1
Held-to-maturity securities		11,794		11,850		2		16,457		16,729		2
Federal Home Loan Bank stock		5,387,200		5,387,200		2		4,597,500		4,597,500		2
Mortgage loans held for sale		1,516,849		1,516,849		2		1,921,819		1,921,819		2
Loans, net		778,298,606		783,910,789		3		629,605,009		627,498,508		3
Interest receivable		3,390,944		3,390,944		2		2,449,847		2,449,847		2
Financial liabilities:
Deposits		749,618,822		747,903,071		2		607,364,350		606,548,280		2
FHLB advances		105,300,000		105,325,386		2		94,300,000		94,417,733		2
Subordinated debentures		21,760,829		21,760,829		3		15,465,000		15,465,000		3
Note payable to Bank		5,000,000		5,000,000		3		-		-
Interest payable		821,811		821,811		2		295,543		295,543		2
Unrecognized financial instruments (net of contractual value):
Commitments to extend credit		-		-		-		-		-		-
Unused lines of credit		-		-		-		-		-		-