XML 115 R101.htm IDEA: XBRL DOCUMENT v3.20.4
Note 16 - Disclosures About Fair Value of Assets and Liabilities - Fair Value of Financial Instruments (Details) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Interest-bearing demand deposits in other financial institutions $ 142,056,538 $ 87,557,842
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]    
Cash and cash equivalents 148,422,908 92,671,909
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]    
Interest-bearing demand deposits in other financial institutions 4,760,089 250,000
Federal Home Loan Bank stock 3,896,900 3,757,500
Mortgage loans held for sale 11,359,174 2,786,564
Interest receivable 4,060,795 3,511,875
Deposits 938,672,541 821,406,532
FHLB advances 66,000,000 65,000,000
Interest payable 932,172 793,746
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]    
Loans, net 742,149,271 720,732,402
Note payable to bank 0 11,200,000
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Subordinated Debentures Issued to Capital Trusts [Member]    
Subordinated debentures 15,465,000 15,465,000
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Subordinated Notes, Net [Member]    
Subordinated debentures 19,564,131 0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]    
Cash and cash equivalents 148,422,908 92,671,909
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]    
Interest-bearing demand deposits in other financial institutions 4,771,605 250,315
Federal Home Loan Bank stock 3,896,900 3,757,500
Mortgage loans held for sale 11,626,174 2,786,564
Interest receivable 4,060,795 3,511,875
Deposits 939,806,149 822,046,988
FHLB advances 66,089,183 65,015,635
Interest payable 932,172 793,746
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]    
Loans, net 737,701,011 718,594,936
Note payable to bank 0 11,200,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Subordinated Debentures Issued to Capital Trusts [Member]    
Subordinated debentures 15,465,000 15,465,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Subordinated Notes, Net [Member]    
Subordinated debentures $ 25,608,997 $ 0