Note 3 - Loans/Leases Receivable (Tables)

3 Months Ended

Mar. 31, 2014

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	As of March 31, 2014			As of December 31, 2013
Commercial and industrial loans	$	442,350,475		$	431,688,129
Commercial real estate loans
Owner-occupied commercial real estate		269,483,524			261,215,912
Commercial construction, land development, and other land		55,194,025			57,844,902
Other non owner-occupied commercial real estate		354,550,656			352,692,115
		679,228,205			671,752,929
Direct financing leases *		139,994,059			128,901,442
Residential real estate loans **		148,950,217			147,356,323
Installment and other consumer loans		76,809,540			76,033,810
		1,487,332,496			1,455,732,633
Plus deferred loan/lease origination costs, net of fees		5,247,046			4,546,925
		1,492,579,542			1,460,279,558
Less allowance for estimated losses on loans/leases		(22,653,270	)		(21,448,048	)
	$	1,469,926,272		$	1,438,831,510
* Direct financing leases:
Net minimum lease payments to be received	$	158,423,507		$	145,662,254
Estimated unguaranteed residual values of leased assets		1,611,999			1,694,499
Unearned lease/residual income		(20,041,447	)		(18,455,311	)
		139,994,059			128,901,442
Plus deferred lease origination costs, net of fees		5,347,779			4,814,183
		145,341,838			133,715,625
Less allowance for estimated losses on leases		(2,820,239	)		(2,517,217	)
	$	142,521,599		$	131,198,408

Past Due Financing Receivables [Table Text Block]

	As of March 31, 2014
Classes of Loans/Leases	Current			30-59 Days Past Due			60-89 Days Past Due			Accruing Past Due 90 Days or More			Nonaccrual Loans/Leases			Total
Commercial and Industrial	$	440,037,552		$	679,842		$	82,110		$	4,838		$	1,546,133		$	442,350,475
Commercial Real Estate
Owner-Occupied Commercial Real Estate		268,087,219			217,205			101,723			-			1,077,377			269,483,524
Commercial Construction, Land Development, and Other Land		53,069,537			943,219			-			-			1,181,269			55,194,025
Other Non Owner-Occupied Commercial Real Estate		342,951,740			246,141			1,104,646			-			10,248,129			354,550,656
Direct Financing Leases		136,956,753			1,684,403			120,969			735			1,231,199			139,994,059
Residential Real Estate		145,891,697			1,562,455			-			-			1,496,065			148,950,217
Installment and Other Consumer		75,402,962			429,310			104,031			2			873,235			76,809,540
	$	1,462,397,460		$	5,762,575		$	1,513,479		$	5,575		$	17,653,407		$	1,487,332,496
As a percentage of total loan/lease portfolio		98.32	%		0.39	%		0.10	%		0.00	%		1.19	%		100.00	%

	As of December 31, 2013
Classes of Loans/Leases	Current			30-59 Days Past Due			60-89 Days Past Due			Accruing Past Due 90 Days or More			Nonaccrual Loans/Leases			Total
Commercial and Industrial	$	429,557,699		$	199,949		$	185,500		$	-		$	1,744,981		$	431,688,129
Commercial Real Estate
Owner-Occupied Commercial Real Estate		258,557,660			465,418			993,163			60,286			1,139,385			261,215,912
Commercial Construction, Land Development, and Other Land		56,301,186			358,626			-			-			1,185,090			57,844,902
Other Non Owner-Occupied Commercial Real Estate		341,743,730			476,877			151,017			-			10,320,491			352,692,115
Direct Financing Leases		126,878,515			714,464			414,005			-			894,458			128,901,442
Residential Real Estate		142,353,936			3,088,516			275,262			20,126			1,618,483			147,356,323
Installment and Other Consumer		74,811,489			127,082			116,468			3,762			975,009			76,033,810
	$	1,430,204,215		$	5,430,932		$	2,135,415		$	84,174		$	17,877,897		$	1,455,732,633
As a percentage of total loan/lease portfolio		98.25	%		0.37	%		0.15	%		0.01	%		1.23	%		100.00	%

Schedule of Nonperforming Loans Leases [Table Text Block]

	As of March 31, 2014
Classes of Loans/Leases	Accruing Past Due 90 Days or  More		Nonaccrual Loans/Leases *		Troubled Debt  Restructurings -  Accruing		Total  Nonperforming Loans/Leases		Percentage of Total  Nonperforming  Loans/Leases
Commercial and Industrial	$	4,838	$	1,546,133	$	179,695	$	1,730,666		9.29	%
Commercial Real Estate
Owner-Occupied Commercial Real Estate		-		1,077,377		-		1,077,377		5.78	%
Commercial Construction, Land Development, and Other Land		-		1,181,269		-		1,181,269		6.34	%
Other Non Owner-Occupied Commercial Real Estate		-		10,248,129		-		10,248,129		55.00	%
Direct Financing Leases		735		1,231,199		89,443		1,321,377		7.09	%
Residential Real Estate		-		1,496,065		347,543		1,843,608		9.89	%
Installment and Other Consumer		2		873,235		357,000		1,230,237		6.60	%
	$	5,575	$	17,653,407	$	973,681	$	18,632,663		100.00	%

	As of December 31, 2013
Classes of Loans/Leases	Accruing Past  Due 90 Days or More		Nonaccrual Loans/Leases **		Troubled Debt Restructurings - Accruing		Total  Nonperforming Loans/Leases		Percentage of Total Nonperforming Loans/Leases
Commercial and Industrial	$	-	$	1,744,981	$	878,381	$	2,623,362		12.81	%
Commercial Real Estate
Owner-Occupied Commercial Real Estate		60,286		1,139,385		-		1,199,671		5.86	%
Commercial Construction, Land Development, and Other Land		-		1,185,090		-		1,185,090		5.79	%
Other Non Owner-Occupied Commercial Real Estate		-		10,320,491		905,205		11,225,696		54.80	%
Direct Financing Leases		-		894,458		-		894,458		4.37	%
Residential Real Estate		20,126		1,618,483		371,995		2,010,604		9.82	%
Installment and Other Consumer		3,762		975,009		367,000		1,345,771		6.57	%
	$	84,174	$	17,877,897	$	2,522,581	$	20,484,652		100.00	%

Allowance for Credit Losses on Financing Receivables [Table Text Block]

	Three Months Ended March 31, 2014
	Commercial and Industrial			Commercial Real Estate			Direct Financing  Leases			Residential Real  Estate			Installment and Other Consumer			Total
Balance, beginning	$	5,648,774		$	10,705,434		$	2,517,217		$	1,395,849		$	1,180,774		$	21,448,048
Provisions (credits) charged to expense		976,790			(229,985	)		352,647			(4,355	)		(935	)		1,094,162
Loans/leases charged off		(4,023	)		(4,098	)		(65,733	)		(2,712	)		(2,755	)		(79,321	)
Recoveries on loans/leases previously charged off		26,117			116,306			16,108			103			31,747			190,381
Balance, ending	$	6,647,658		$	10,587,657		$	2,820,239		$	1,388,885		$	1,208,831		$	22,653,270

	Three Months Ended March 31, 2013
	Commercial and  Industrial			Commercial  Real Estate		Direct Financing  Leases			Residential Real  Estate			Installment and Other Consumer			Total
Balance, beginning	$	4,531,545		$	11,069,502	$	1,990,395		$	1,070,328		$	1,263,434		$	19,925,204
Provisions (credits) charged to expense		(87,807	)		1,114,294		378,623			8,899			(356,227	)		1,057,782
Loans/leases charged off		(215	)		-		(73,049	)		(112,891	)		(116,612	)		(302,767	)
Recoveries on loans/leases previously charged off		22,741			5,157		554			-			60,791			89,243
Balance, ending	$	4,466,264		$	12,188,953	$	2,296,523		$	966,336		$	851,386		$	20,769,462

	As of March 31, 2014
	Commercial and Industrial			Commercial Real Estate			Direct Financing Leases			Residential Real Estate			Installment and Other Consumer			Total
Allowance for loans/leases individually evaluated for impairment	$	732,427		$	2,712,472		$	298,303		$	224,972		$	396,897		$	4,365,071
Allowance for loans/leases collectively evaluated for impairment		5,915,231			7,875,185			2,521,936			1,163,913			811,934			18,288,199
	$	6,647,658		$	10,587,657		$	2,820,239		$	1,388,885		$	1,208,831		$	22,653,270
Loans/leases individually evaluated for impairment	$	1,400,758		$	12,076,304		$	1,320,642		$	1,843,608		$	1,230,235		$	17,871,547
Loans/leases collectively evaluated for impairment		440,949,717			667,151,901			138,673,417			147,106,609			75,579,305			1,469,460,949
	$	442,350,475		$	679,228,205		$	139,994,059		$	148,950,217		$	76,809,540		$	1,487,332,496
Allowance as a percentage of loans/leases individually evaluated for impairment		52.29	%		22.46	%		22.59	%		12.20	%		32.26	%		24.42	%
Allowance as a percentage of loans/leases collectively evaluated for impairment		1.34	%		1.18	%		1.82	%		0.79	%		1.07	%		1.24	%
		1.50	%		1.56	%		2.01	%		0.93	%		1.57	%		1.52	%

	As of December 31, 2013
	Commercial and  Industrial			Commercial  Real Estate			Direct Financing  Leases			Residential Real  Estate			Installment and Other Consumer			Total
Allowance for loans/leases individually evaluated for impairment	$	927,453		$	3,174,704		$	192,847		$	246,266		$	467,552		$	5,008,822
Allowance for loans/leases collectively evaluated for impairment		4,721,321			7,530,730			2,324,370			1,149,583			713,222			16,439,226
	$	5,648,774		$	10,705,434		$	2,517,217		$	1,395,849		$	1,180,774		$	21,448,048
Loans/leases individually evaluated for impairment	$	1,761,850		$	12,956,915		$	894,458		$	2,116,747		$	1,350,450		$	19,080,420
Loans/leases collectively evaluated for impairment		429,926,279			658,796,014			128,006,984			145,239,576			74,683,360			1,436,652,213
	$	431,688,129		$	671,752,929		$	128,901,442		$	147,356,323		$	76,033,810		$	1,455,732,633
Allowance as a percentage of loans/leases individually evaluated for impairment		52.64	%		24.50	%		21.56	%		11.63	%		34.62	%		26.25	%
Allowance as a percentage of loans/leases collectively evaluated for impairment		1.10	%		1.14	%		1.82	%		0.79	%		0.95	%		1.14	%
		1.31	%		1.59	%		1.95	%		0.95	%		1.55	%		1.47	%

Impaired Financing Receivables [Table Text Block]

Classes of Loans/Leases	Recorded  Investment		Unpaid  Principal Balance		Related  Allowance		Average  Recorded  Investment		Interest Income Recognized		Interest Income  Recognized for  Cash Payments  Received
Impaired Loans/Leases with No Specific Allowance Recorded:
Commercial and Industrial	$	441,945	$	517,833	$	-	$	482,151	$	1,888	$	1,888
Commercial Real Estate
Owner-Occupied Commercial Real Estate		389,876		389,876		-		436,412		-		-
Commercial Construction, Land Development, and Other Land		2,124,350		2,247,550		-		2,127,392		-		-
Other Non Owner-Occupied Commercial Real Estate		1,983,846		1,983,846		-		2,376,752		13,283		13,283
Direct Financing Leases		619,800		619,800		-		586,567		-		-
Residential Real Estate		977,436		977,436		-		1,222,955		1,455		1,455
Installment and Other Consumer		833,338		833,338		-		897,665		890		890
	$	7,370,591	$	7,569,679	$	-	$	8,129,894	$	17,516	$	17,516
Impaired Loans/Leases with Specific Allowance Recorded:
Commercial and Industrial	$	958,813	$	1,449,488	$	732,427	$	910,410	$	-	$	-
Commercial Real Estate
Owner-Occupied Commercial Real Estate		224,892		224,892		117,555		112,438		-		-
Commercial Construction, Land Development, and Other Land		685,292		796,492		477,293		685,834		-		-
Other Non Owner-Occupied Commercial Real Estate		6,668,048		7,373,330		2,117,624		6,682,038		-		-
Direct Financing Leases		700,842		700,842		298,303		467,524		-		-
Residential Real Estate		866,172		866,172		224,972		793,141		774		774
Installment and Other Consumer		396,897		396,897		396,897		397,897		-		-
	$	10,500,956	$	11,808,113	$	4,365,071	$	10,049,282	$	774	$	774
Total Impaired Loans/Leases:
Commercial and Industrial	$	1,400,758	$	1,967,321	$	732,427	$	1,392,561	$	1,888	$	1,888
Commercial Real Estate
Owner-Occupied Commercial Real Estate		614,768		614,768		117,555		548,850		-		-
Commercial Construction, Land Development, and Other Land		2,809,642		3,044,042		477,293		2,813,226		-		-
Other Non Owner-Occupied Commercial Real Estate		8,651,894		9,357,176		2,117,624		9,058,790		13,283		13,283
Direct Financing Leases		1,320,642		1,320,642		298,303		1,054,091		-		-
Residential Real Estate		1,843,608		1,843,608		224,972		2,016,096		2,229		2,229
Installment and Other Consumer		1,230,235		1,230,235		396,897		1,295,562		890		890
	$	17,871,547	$	19,377,792	$	4,365,071	$	18,179,176	$	18,290	$	18,290

Classes of Loans/Leases	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized		Interest Income Recognized for Cash Payments Received
Impaired Loans/Leases with No Specific Allowance Recorded:
Commercial and Industrial	$	402,621	$	775,004	$	-	$	767,929	$	1,924	$	1,924
Commercial Real Estate
Owner-Occupied Commercial Real Estate		498,946		498,946		-		507,451		-		-
Commercial Construction, Land Development, and Other Land		-		-		-		-		-		-
Other Non Owner-Occupied Commercial Real Estate		47,958		47,958		-		3,198,617		40,116		40,116
Direct Financing Leases		789,346		789,346		-		831,677		-		-
Residential Real Estate		630,324		630,324		-		810,583		-		-
Installment and Other Consumer		196,615		196,615		-		187,590		2,093		2,093
	$	2,565,810	$	2,938,193	$	-	$	6,303,847	$	44,133	$	44,133
Impaired Loans/Leases with Specific Allowance Recorded:
Commercial and Industrial	$	211,400	$	264,334	$	498,260	$	216,133	$	-	$	-
Commercial Real Estate
Owner-Occupied Commercial Real Estate		-		-		-		-		-		-
Commercial Construction, Land Development, and Other Land		3,929,839		3,929,839		1,154,155		3,933,530		2,703		2,703
Other Non Owner-Occupied Commercial Real Estate		9,983,944		10,236,903		2,353,684		10,046,487		4,501		4,501
Direct Financing Leases		421,590		421,590		325,294		273,192		-		-
Residential Real Estate		305,612		305,612		95,232		308,841		-		-
Installment and Other Consumer		927,467		927,467		117,131		629,810		333		333
	$	15,779,852	$	16,085,745	$	4,543,756	$	15,407,993	$	7,537	$	7,537
Total Impaired Loans/Leases:
Commercial and Industrial	$	614,021	$	1,039,338	$	498,260	$	984,062	$	1,924	$	1,924
Commercial Real Estate
Owner-Occupied Commercial Real Estate		498,946		498,946		-		507,451		-		-
Commercial Construction, Land Development, and Other Land		3,929,839		3,929,839		1,154,155		3,933,530		2,703		2,703
Other Non Owner-Occupied Commercial Real Estate		10,031,902		10,284,861		2,353,684		13,245,104		44,617		44,617
Direct Financing Leases		1,210,936		1,210,936		325,294		1,104,869		-		-
Residential Real Estate		935,936		935,936		95,232		1,119,424		-		-
Installment and Other Consumer		1,124,082		1,124,082		117,131		817,400		2,426		2,426
	$	18,345,662	$	19,023,938	$	4,543,756	$	21,711,840	$	51,670	$	51,670

Information for Impaired Loans Leases [Table Text Block]

Classes of Loans/Leases	Recorded Investment		Unpaid  Principal Balance		Related Allowance
Impaired Loans/Leases with No Specific Allowance Recorded:
Commercial and Industrial	$	492,622	$	568,951	$	-
Commercial Real Estate
Owner-Occupied Commercial Real Estate		392,542		392,542		-
Commercial Construction, Land Development, and Other Land		1,943,168		2,054,368		-
Other Non Owner-Occupied Commercial Real Estate		1,790,279		1,902,279		-
Direct Financing Leases		557,469		557,469		-
Residential Real Estate		1,071,927		1,071,927		-
Installment and Other Consumer		509,667		509,667		-
	$	6,757,674	$	7,057,203	$	-
Impaired Loans/Leases with Specific Allowance Recorded:
Commercial and Industrial	$	1,269,228	$	1,956,755	$	927,453
Commercial Real Estate
Owner-Occupied Commercial Real Estate		159,247		159,247		67,498
Commercial Construction, Land Development, and Other Land		888,547		1,011,747		503,825
Other Non Owner-Occupied Commercial Real Estate		7,783,132		8,488,414		2,603,381
Direct Financing Leases		336,989		336,989		192,847
Residential Real Estate		1,044,820		1,044,820		246,266
Installment and Other Consumer		840,783		840,783		467,552
	$	12,322,746	$	13,838,755	$	5,008,822
Total Impaired Loans/Leases:
Commercial and Industrial	$	1,761,850	$	2,525,706	$	927,453
Commercial Real Estate
Owner-Occupied Commercial Real Estate		551,789		551,789		67,498
Commercial Construction, Land Development, and Other Land		2,831,715		3,066,115		503,825
Other Non Owner-Occupied Commercial Real Estate		9,573,411		10,390,693		2,603,381
Direct Financing Leases		894,458		894,458		192,847
Residential Real Estate		2,116,747		2,116,747		246,266
Installment and Other Consumer		1,350,450		1,350,450		467,552
	$	19,080,420	$	20,895,958	$	5,008,822

Financing Receivable Credit Quality Indicators [Table Text Block]

	As of March 31, 2014
			Commercial Real Estate
					Non Owner-Occupied
Internally Assigned Risk Rating	Commercial and Industrial		Owner-Occupied  Commercial Real  Estate		Commercial Construction, Land Development, and  Other Land		Other Commercial  Real Estate		Total
Pass (Ratings 1 through 5)	$	419,982,030	$	250,623,915	$	50,250,005	$	327,819,856	$	1,048,675,806
Special Mention (Rating 6)		12,464,206		10,356,128		-		1,765,205		24,585,539
Substandard (Rating 7)		9,904,239		8,503,481		4,944,020		24,965,595		48,317,335
Doubtful (Rating 8)		-		-		-		-		-
	$	442,350,475	$	269,483,524	$	55,194,025	$	354,550,656	$	1,121,578,680

	As of December 31, 2013
			Commercial Real Estate
					Non Owner-Occupied
Internally Assigned Risk Rating	Commercial and Industrial		Owner-Occupied  Commercial Real Estate		Commercial Construction, Land Development, and  Other Land		Other Commercial Real Estate		Total
Pass (Ratings 1 through 5)	$	407,294,743	$	250,028,731	$	51,868,919	$	326,168,882	$	1,035,361,275
Special Mention (Rating 6)		11,355,713		8,318,232		1,588,086		3,310,017		24,572,048
Substandard (Rating 7)		13,037,673		2,868,949		4,387,897		23,213,216		43,507,735
Doubtful (Rating 8)		-		-		-		-		-
	$	431,688,129	$	261,215,912	$	57,844,902	$	352,692,115	$	1,103,441,058

Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]

	As of March 31, 2014
Delinquency Status *	Direct Financing Leases		Residential Real Estate		Installment and  Other Consumer		Total
Performing	$	138,672,682	$	147,106,609	$	75,579,303	$	361,358,594
Nonperforming		1,321,377		1,843,608		1,230,237		4,395,222
	$	139,994,059	$	148,950,217	$	76,809,540	$	365,753,816

	As of December 31, 2013
Delinquency Status *	Direct Financing Leases		Residential Real Estate		Installment and Other Consumer		Total
Performing	$	128,006,984	$	145,345,719	$	74,688,039	$	348,040,742
Nonperforming		894,458		2,010,604		1,345,771		4,250,833
	$	128,901,442	$	147,356,323	$	76,033,810	$	352,291,575

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	For the three months ended March 31, 2014								For the three months ended March 31, 2013
Classes of Loans/Leases	Number of Loans / Leases		Pre- Modification Recorded Investment		Post- Modification Recorded Investment		Specific Allowance		Number of  Loans /  Leases		Pre- Modification Recorded Investment		Post- Modification Recorded Investment		Specific Allowance
CONCESSION - Significant payment delay
Owner-Occupied Commercial Real Estate		-	$	-	$	-	$	-		1	$	47,958	$	47,958	$	-
Direct Financing Leases		1	$	89,443	$	89,443	$	-		-	$	-	$	-	$	-
		1	$	89,443	$	89,443	$	-		1	$	47,958	$	47,958	$	-
CONCESSION - Extension of maturity
Commercial and Industrial		-	$	-	$	-	$	-		3	$	809,494	$	809,494	$	188,700
Direct Financing Leases		1	$	70,144	$	70,144	$	24,246		-	$	-	$	-	$	-
		1	$	70,144	$	70,144	$	24,246		3	$	809,494	$	809,494	$	188,700
TOTAL		2	$	159,587	$	159,587	$	24,246		4	$	857,452	$	857,452	$	188,700