Note 12 - Federal and State Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2013			2012		2011
Current	$	5,639,933		$	2,232,183	$	195,135
Deferred		(1,021,991	)		2,302,418		3,673,064
	$	4,617,942		$	4,534,601	$	3,868,199

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Years Ended December 31,
	2013						2012						2011
	Amount			% of Pretax Income			Amount			% of Pretax Income			Amount			% of Pretax Income
Computed "expected" tax expense	$	6,844,665			35.0	%	$	6,174,295			35.0	%	$	4,899,324			35.0	%
Effect of graduated tax rates interest		(123,868	)		(0.6	)		(20,775	)		(0.1	)		(139,981	)		(1.0	)
Tax exempt income, net		(1,790,049	)		(9.2	)		(1,243,660	)		(7.0	)		(692,742	)		(4.9	)
Bank-owned life insurance		(624,847	)		(3.2	)		(544,292	)		(3.1	)		(490,491	)		(3.5	)
State income taxes, net of federal benefit, current year		758,695			3.9			730,865			4.1			533,250			3.8
Change in unrecognized tax benefits		37,180			0.2			(149,183	)		(0.8	)		2,074			-
Acquisition costs		248,952			1.3			-			-			-			-
Noncontrolling interests		-			-			(166,081	)		(0.9	)		(148,995	)		(1.1	)
Other		(732,786	)		(3.8	)		(246,568	)		(1.5	)		(94,240	)		(0.7	)
	$	4,617,942			23.6	%	$	4,534,601			25.7	%	$	3,868,199			27.6	%

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	2013			2012
Balance, beginning	$	994,078		$	1,148,549
Impact of tax positions taken during current year		288,016			202,341
Gross increase related to tax positions of prior years		16,939			21,781
Reduction as a result of a lapse of the applicable statute of limitations		(241,014	)		(378,593	)
Balance, ending	$	1,058,019		$	994,078

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2013		2012
Deferred tax assets:
Alternative minimum tax credits	$	3,936,226	$	2,717,333
New markets tax credits		1,500,000		1,000,000
Net unrealized losses on securities available for sale		8,468,118		-
Compensation		7,056,579		5,748,551
Loan/lease losses		6,890,532		6,041,379
Net operating loss carryforwards, federal and state		2,914,140		897,910
Deferred loan origination fees, net		143,949		299,670
Other		410,640		469,673
		31,320,184		17,174,516
Deferred tax liabilities:
Net unrealized gains on securities available for sale		-		2,905,784
Premises and equipment		1,575,582		1,601,682
Equipment financing leases		23,191,514		20,013,576
Acquisition fair value adjustments		1,319,981		-
Investment accretion		45,463		45,363
Other		551,080		367,440
		26,683,620		24,933,845
Net deferred tax asset (liability)	$	4,636,564	$	(7,759,329	)

Deferred Taxes in Financial Statements [Table Text Block]

	2013			2012			2011
Provision for income taxes	$	(1,021,991	)	$	2,302,418		$	3,673,064
Statement of stockholders' equity- accumulated other comprehensive income (loss), unrealized gains (losses) on securities available for sale, net		(11,373,902	)		(35,008	)		2,510,006
	$	(12,395,893	)	$	2,267,410		$	6,183,070