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Note 15 - Parent Company Financial Information (Tables)
12 Months Ended
Dec. 31, 2018
Notes Tables  
Condensed Balance Sheet [Table Text Block]
Balance Sheets
 
 
 
 
 
 
 
 
                 
December 31,
 
2018
   
2017
 
                 
Assets
 
                 
Cash and cash equivalents
 
$
64,243
    $
48,384
 
Investment in subsidiaries
 
 
45,330,464
     
41,743,068
 
Other assets
 
 
-
     
7,480
 
   
$
45,394,707
    $
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
 
$
16,830
    $
16,678
 
Additional paid-in capital
 
 
27,324,794
     
26,869,796
 
Retained earnings
 
 
18,621,382
     
15,306,625
 
Accumulated other comprehensive income
 
 
(568,299
)
   
(394,167
)
   
 
45,394,707
     
41,798,932
 
   
$
45,394,707
    $
41,798,932
 
Condensed Income Statement [Table Text Block]
Statements of Income
 
 
 
 
 
 
 
 
                 
Years Ended December 31,
 
2018
   
2017
 
                 
Income
 
 
 
 
 
 
 
 
Cash dividends from subsidiary
 
$
1,541,225
    $
1,250,278
 
Total income
 
 
1,541,225
     
1,250,278
 
                 
Noninterest expense
 
 
492
     
455
 
                 
Income before before income taxes and equity in undistributed income of subsidiaries
 
 
1,540,733
     
1,249,823
 
Income taxes (benefit)
 
 
-
     
-
 
Income before before equity in undistributed income of subsidiaries
 
 
1,540,733
     
1,249,823
 
Equity in undistributed income of subsidiaries
 
 
3,171,943
     
2,539,418
 
   
$
4,712,676
    $
3,789,241
 
Condensed Cash Flow Statement [Table Text Block]
Statements of Cash Flows
 
 
 
 
 
 
 
 
                 
Years Ended December 31,
 
2018
   
2017
 
                 
Cash flows from operating activities
 
 
 
 
 
 
 
 
Net Income
 
$
4,712,676
    $
3,789,241
 
Adjustments to reconcile net income to net cash provided by operating activities:
               
Equity in undistributed income of subsidiaries
 
 
(3,171,943
)
   
(2,539,418
)
Other
 
 
7,479
     
-
 
Cash provided by operating activities
 
 
1,548,212
     
1,249,823
 
                 
Cash flows from investing activities
 
 
 
 
 
 
 
 
Contibution of capital to subsdiaries
 
 
(600,000
)
   
(300,000
)
Cash used by investing activities
 
 
(600,000
)
   
(300,000
)
                 
Cash flows from financing activities
 
 
 
 
 
 
 
 
Proceeds form sale of common stock
 
 
1,550
     
-
 
Dividends paid, net of reinvestments
 
 
(933,903
)
   
(953,525
)
Cash provided by financing activities
 
 
(932,353
)
   
(953,525
)
                 
Net increase (decrease) in cash and cash equivalents
 
 
15,859
     
(3,702
)
                 
Cash and cash equivalents at beginning of period
 
 
48,384
     
52,086
 
Cash and cash equivalents at end of period
 
$
64,243
    $
48,384