Note 23 - Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Schedule of Derivative Instruments [Table Text Block]

Forward Start	Termination	Derivative	Notional		Rate			Rate	Balance Sheet	December 31,
Inception Date	Date	Type	Amount		Paid			Hedged	Classfication	2020			2019
2/28/2018	2/28/2025	Interest rate swap - FHLB Advances	$	50,000,000		2.12	%	3 month LIBOR Floating	Other liabilites	$	(3,760,287	)	$	(1,067,935	)
5/23/2019	2/23/2026	Interest rate swap - Subordinated Debentures	$	10,310,000		4.09	%	3 month LIBOR Floating +145 bps	Other liabilites	$	(1,180,909	)	$	(560,388	)

Derivative Instruments, Gain (Loss) [Table Text Block]

Derivative	Income Statement	Years ended December 31,
Type	Classfication	2020		2019
Interest rate swap - FHLB Advances	Interest expense	$	630,870	$	(155,062	)
Interest rate swap - Subordinated Debentures	Interest expense	$	184,537	$	24,065