Note 15 - Parent Company Financial Information (Tables)
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12 Months Ended |
Dec. 31, 2018 |
Notes Tables |
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Condensed Balance Sheet [Table Text Block] |
| | | | | | | | | | | | | | | | | | December 31, | | | | | 2017 | | | | | | | | | | | | | | | | | | | | | | Cash and cash equivalents | | $ | | | | $ | 48,384 | | Investment in subsidiaries | | | | | | | 41,743,068 | | Other assets | | | | | | | 7,480 | | | | $ | | | | $ | 41,798,932 | | | | | | | | | | | Liabilities and Stockholders' Equity | | | | | | | | | | | Stockholders' equity | | | | | | | | | Common stock, par value $.01 per share, authorized 5,000,000 shares; issued and outstanding 1,682,997 shares in 2018 and 1,667,813 shares in 2017 | | $ | | | | $ | 16,678 | | Additional paid-in capital | | | | | | | 26,869,796 | | Retained earnings | | | | | | | 15,306,625 | | Accumulated other comprehensive income | | | | | | | (394,167 | ) | | | | | | | | 41,798,932 | | | | $ | | | | $ | 41,798,932 | |
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Condensed Income Statement [Table Text Block] |
| | | | | | | | | | | | | | | | | | Years Ended December 31, | | | | | 2017 | | | | | | | | | | | | | | | | | | | | Cash dividends from subsidiary | | $ | | | | $ | 1,250,278 | | Total income | | | | | | | 1,250,278 | | | | | | | | | | | Noninterest expense | | | | | | | 455 | | | | | | | | | | | Income before before income taxes and equity in undistributed income of subsidiaries | | | | | | | 1,249,823 | | Income taxes (benefit) | | | | | | | - | | Income before before equity in undistributed income of subsidiaries | | | | | | | 1,249,823 | | Equity in undistributed income of subsidiaries | | | | | | | 2,539,418 | | | | $ | | | | $ | 3,789,241 | |
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Condensed Cash Flow Statement [Table Text Block] |
| | | | | | | | | | | | | | | | | | Years Ended December 31, | | | | | | | | | | | | | | | | Cash flows from operating activities | | | | | | | | | Net Income | | $ | | | | $ | 3,789,241 | | Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | Equity in undistributed income of subsidiaries | | | | ) | | | (2,539,418 | ) | Other | | | | | | | - | | Cash provided by operating activities | | | | | | | 1,249,823 | | | | | | | | | | | Cash flows from investing activities | | | | | | | | | Contibution of capital to subsdiaries | | | | ) | | | (300,000 | ) | Cash used by investing activities | | | | ) | | | (300,000 | ) | | | | | | | | | | Cash flows from financing activities | | | | | | | | | Proceeds form sale of common stock | | | | | | | - | | Dividends paid, net of reinvestments | | | | ) | | | (953,525 | ) | Cash provided by financing activities | | | | ) | | | (953,525 | ) | | | | | | | | | | Net increase (decrease) in cash and cash equivalents | | | | | | | (3,702 | ) | | | | | | | | | | Cash and cash equivalents at beginning of period | | | | | | | 52,086 | | Cash and cash equivalents at end of period | | $ | | | | $ | 48,384 | |
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