Note 24 - Unaudited Quarterly Operating Results (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Quarterly Financial Information [Table Text Block]

	Year Ended December 31, 2020, Quarter ended
	Mar-21		Jun-21		Sep-21		Dec-21
Interest income	$	9,976,604	$	10,189,659	$	10,858,812	$	10,170,275
Interest expense		2,071,133		1,828,156		1,468,447		1,157,218
Net interest income		7,905,471		8,361,503		9,390,365		9,013,057
Provision for loan losses		400,000		300,000		100,000		-
Net gain on loans and investment securities		1,567,564		1,511,860		4,166,966		1,473,675
Other noninterest income, net		1,047,918		1,303,750		1,351,324		1,249,375
Noninterest expense		7,455,083		7,637,907		10,605,914		8,525,997
Income before income taxes		2,665,870		3,239,206		4,202,741		3,210,110
Provision for income taxes		449,854		723,024		802,431		704,476
Net income available to common shareholders	$	2,216,016	$	2,516,182	$	3,400,310	$	2,505,634
Basic income per common share	$	0.51	$	0.58	$	0.78	$	0.58
Diluted income per common share	$	0.51	$	0.58	$	0.78	$	0.57

	Year Ended December 31, 2020, Quarter ended
	Mar-20		Jun-20		Sep-20		Dec-20
Interest income	$	10,798,857	$	10,159,058	$	9,968,256	$	9,943,705
Interest expense		3,086,525		2,136,409		2,236,743		2,151,524
Net interest income		7,712,332		8,022,649		7,731,513		7,792,181
Provision for loan losses		500,000		750,000		950,000		1,400,000
Net gain on loans and investment securities		571,310		1,018,516		1,992,185		1,199,622
Other noninterest income, net		1,527,822		1,294,202		1,278,146		1,191,641
Noninterest expense		6,798,629		7,253,331		7,735,249		7,877,518
Income before income taxes		2,512,835		2,332,036		2,316,595		905,926
Provision for income taxes		407,990		448,653		418,819		(40,284	)
Net income	$	2,104,845	$	1,883,383	$	1,897,776	$	946,210
Basic income per common share	$	0.49	$	0.43	$	0.44	$	0.22
Diluted income per common share	$	0.49	$	0.43	$	0.43	$	0.22