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Note 1 - Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Accounting Standards Update and Change in Accounting Principle [Table Text Block]
  

December 31, 2022

  

January 1, 2023

 
  

Pre-ASC 326

Adoption

  

Impact of ASC 326

Adoption

  

As Reported

Under ASC

326

 

Assets:

            

Loans, gross

 $521,679,143  $233,411  $521,912,554 
             

Allowance for credit losses:

            
             

Loans:

            

Real estate:

            

Commercial

  2,818,582   (448,483)  2,370,099 

Construction and land development

  164,596   277,317   441,913 

Residential

  793,919   508,579   1,302,498 

Commercial

  337,303   133,838   471,141 

Consumer

  4,706   (4,526)  180 

Unallocated

  31,092   (31,092)  - 

Allowance for credit losses on loans

  4,150,198   435,633   4,585,831 
             

Loans, net

  517,528,945   (202,222)  517,326,723 
             

Allowance for credit losses on debt securities held to maturity

  -   51,990   51,990 
             

Net deferred tax asset

  -   92,441   92,441 
             

Liabilities:

            

Allowance for credit losses on off balance sheet credit exposures

  -   81,723   81,723 
             

Total equity

 $49,834,244  $(243,494) $49,590,750 
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
  

Year Ended December 31,

 
  

2023

  

2022

 
         

Net income

 $6,418,337  $8,090,127 
         

Weighted average shares outstanding

  3,083,021   3,046,377 
         

Effect of dilutive restricted stock units

  3,000   - 
         

Weighted average shares outstanding

  3,086,021   3,046,377 
         

Earnings per share - basic

 $2.08  $2.66 

Earnings per share - diluted

 $2.08  $2.66