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Note 9 - Federal Home Loan Bank Borrowings
3 Months Ended
Mar. 31, 2012
Federal Home Loan Bank Advances, Disclosure [Text Block]
9.      FEDERAL HOME LOAN BANK BORROWINGS:

The Bank is a member of the Federal Home Loan Bank of Indianapolis.  Based on its current Federal Home Loan Bank Stock holdings and collateral, the Bank has the capacity to borrow $2,948,461. Each borrowing requires a direct pledge of securities or loans or both. To support potential borrowings with the Federal Home Loan Bank, the Bank had residential loans with a fair market value of $3,685,576 pledged at March 31, 2012. The Bank had no outstanding borrowings with the Federal Home Loan Bank at either March 31, 2012 or December 31, 2011.