Note 4 - Securities (Tables)

6 Months Ended

Jun. 30, 2019

Notes Tables

Debt Securities, Available-for-sale [Table Text Block]

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Approximate Fair Value
As of June 30, 2019
Debt Securities:
Municipals	$	27,758,660	$	369,243	$	(15,228	)	$	28,112,675
Corporates		10,049,914		55,339		(20,013	)		10,085,240
Government sponsored mortgage-backed securities and SBA loan pools		56,387,276		645,769		(199,739	)		56,833,306
	$	94,195,850	$	1,070,351	$	(234,980	)	$	95,031,221

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Approximate Fair Value
As of December 31, 2018
Debt Securities:
Municipals	$	34,470,648	$	10,581	$	(710,709	)	$	33,770,520
Corporates		3,000,000		18,927		-			3,018,927
Government sponsored mortgage-backed securities and SBA loan pools		50,632,011		81,999		(1,237,260	)		49,476,750
	$	88,102,659	$	111,507	$	(1,947,969	)	$	86,266,197

Available-for-sale Securities [Table Text Block]

	Amortized Cost		Approximate Fair Value
1-5 years	$	386,166	$	391,213
6-10 years		12,502,835		12,566,922
After 10 years		24,919,573		25,239,780
Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date		56,387,276		56,833,306
	$	94,195,850	$	95,031,221

Schedule of Unrealized Loss on Investments [Table Text Block]

	June 30, 2019
	Less than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Municipals	$	1,673,061	$	(5,476	)	$	2,797,536	$	(9,752	)	$	4,470,597	$	(15,228	)
Corporates		3,543,333		(20,013	)		-		-			3,543,333		(20,013	)
Government sponsored mortgage-backed securities and SBA loan pools		6,494,083		(36,791	)		11,206,097		(162,948	)		17,700,180		(199,739	)
	$	11,710,477	$	(62,280	)	$	14,003,633	$	(172,700	)	$	25,714,110	$	(234,980	)

	December 31, 2018
	Less than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Municipals	$	6,324,750	$	(67,774	)	$	23,223,221	$	(642,935	)	$	29,547,971	$	(710,709	)
Government sponsored mortgage-backed securities and SBA loan pools		7,127,597		(112,282	)		33,759,028		(1,124,978	)		40,886,625		(1,237,260	)
	$	13,452,347	$	(180,056	)	$	56,982,249	$	(1,767,913	)	$	70,434,596	$	(1,947,969	)