Note 4 - Restricted Equity Securities

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Restricted Equity Securities [Text Block]

(4) Restricted Equity Securities

Restricted equity securities consists of stock of the FHLB of Cincinnati amounting to $4,680,000 and $3,012,000 at December 31, 2019 and 2018, respectively. The stock can be sold back only at par or a value as determined by the issuing institution and only to the respective financial institution or to another member institution. These securities are recorded at cost.