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Note 24 - Condensed Parent Company Statements (Tables)
 12 Months Ended
Dec. 31, 2018
Notes Tables  
Condensed Balance Sheet [Table Text Block]
Condensed Balance Sheets
 
December 31,
  
   
2018
    
2017
  
Assets
 
 
 
 
  
 
 
 
Cash
   $
1,476,735
     $
713,996
  
Investment in subsidiary
    
104,786,630
      
89,319,774
  
Investment in Capital Trusts
    
651,000
      
465,000
  
Prepaid expenses and other assets
    
132,946
      
19,148
  
Deferred and receivable income taxes
    
1,006,823
      
469,020
  
    $
108,054,134
     $
90,986,938
  
Liabilities
 
 
 
 
  
 
 
 
Subordinated debentures
   $
21,760,829
     $
15,465,000
  
Note payable
    
5,000,000
      
-
  
Accrued expenses and other liabilities
    
807,813
      
623,545
  
Due to subsidiary
    
6,900
      
6,900
  
                 
Stockholders' equity
 
 
 
 
  
 
 
 
Common stock
    
690,200
      
687,850
  
Additional paid-in capital
    
51,382,585
      
50,856,069
  
Retained earnings
    
65,829,687
      
60,679,308
  
Accumulated other comprehensive loss
    
(452,756
 )    
(206,193
 )
Treasury stock
    
(36,971,124
 )    
(37,125,541
 )
    $
108,054,134
     $
90,986,938
  
Condensed Income Statement [Table Text Block]
Condensed Statements of Income
 
Years ended December 31,
  
   
2018
    
2017
    
2016
  
                         
Income
                        
Dividends from subsidiary bank
   $
14,000,000
     $
2,000,000
     $
-
  
Interest income:
                        
Other
    
31,016
      
19,017
      
50,332
  
     
14,031,016
      
2,019,017
      
50,332
  
Expense
                        
Interest expense:
                        
Related party
    
120,503
      
631,202
      
579,410
  
Other
    
2,773,018
      
1,158,462
      
931,816
  
     
2,893,521
      
1,789,664
      
1,511,226
  
Income (loss) before income taxes and equity in undistributed income (loss) of subsidiaries
    
11,137,495
      
229,353
      
(1,460,894
 )
Credit for income taxes
    
(780,131
 )    
(689,813
 )    
(435,000
 )
Income (loss) before equity in undistributed earnings of subsidiaries
    
11,917,626
      
919,166
      
(1,025,894
 )
Equity in undistributed income (distributions in excess) of subsidiaries
    
(4,585,747
 )    
4,238,498
      
6,619,905
  
Net income
   $
7,331,879
     $
5,157,664
     $
5,594,011
  
Condensed Cash Flow Statement [Table Text Block]
Condensed Statements of Cash Flows
 
Years ended December 31,
  
   
2018
    
2017
    
2016
  
                         
Cash Flows From Operating Activities
 
 
 
 
  
 
 
 
  
 
 
 
                         
Net income
   $
7,331,879
     $
5,157,664
     $
5,594,011
  
Items not requiring (providing) cash:
                        
Equity in undistributed income (distributions in excess) of subsidiaries
    
4,585,747
      
(4,238,498
 )    
(6,619,905
 )
Deferred income taxes
    
(196,399
 )    
-
      
8,988
  
Accretion of purchase accounting adjustment
    
(65,897
 )    
-
      
-
  
Stock award plan expense
    
517,053
      
466,469
      
373,782
  
Gain on investment securities
    
-
      
-
      
(18,889
 )
Changes in:
                        
Prepaid expenses and other assets
    
(113,711
 )    
(73,584
 )    
(700
 )
Income taxes payable/refundable
    
(341,404
 )    
(420,444
 )    
139,837
  
Accrued expenses
    
(1,360,728
 )    
2,390
      
32,450
  
Net cash provided by (used in) operating activities
    
10,356,540
      
893,997
      
(490,426
 )
                         
Cash Flows From Investing Activities
 
 
 
 
  
 
 
 
  
 
 
 
Capital contributions to subsidiary bank
    
(5,000,000
 )    
-
      
-
  
Cash paid for acquistion
    
(4,627,810
 )    
-
      
-
  
Proceeds from sales of AFS securities
    
-
      
-
      
121,101
  
Net cash provided by investing activities
    
(9,627,810
 )    
-
      
121,101
  
                         
Cash Flows From Financing Activities
 
 
 
 
  
 
 
 
  
 
 
 
Proceeds from stock options exercised
    
166,230
      
15,570
      
85,800
  
Cash dividends paid on common stock
    
(2,132,221
 )    
(1,767,486
 )    
(1,415,180
 )
Proceeds from issuance of notes payable
    
5,000,000
      
-
      
-
  
Repayment of notes payable
    
(3,000,000
 )    
-
      
-
  
Treasury Stock purchased
    
-
      
-
      
(371,538
 )
Net cash provided by (used in) financing activities
    
34,009
      
(1,751,916
 )    
(1,700,918
 )
                         
Increase (Decrease) in cash
   
762,739
      
(857,919
 )    
(2,070,243
 )
                         
Cash, beginning of year
   
713,996
      
1,571,915
      
3,642,158
  
                         
Cash, end of year
  $
1,476,735
     $
713,996
     $
1,571,915
  
Condensed Statement of Comprehensive Income [Table Text Block]
Statements of Comprehensive Income
 
Years ended December 31,
  
   
2018
    
2017
    
2016
  
NET INCOME
  $
7,331,879
     $
5,157,664
     $
5,594,011
  
OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS):
 
 
 
 
  
 
 
 
  
 
 
 
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes
    
-
      
-
      
2,695
  
Income tax expense related to other items of comprehensive income
    
-
      
-
      
(997
 )
Other comprehensive income (loss)
    
-
      
-
      
3,692
  
Comprehensive income (loss) of Bank
    
(246,563
 )    
1,103,048
      
(628,977
 )
TOTAL COMPREHENSIVE INCOME
  $
7,085,316
     $
6,260,712
     $
4,968,726