XML 97 R36.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 3 - Investment Securities (Tables)
12 Months Ended
Dec. 31, 2014
Note 3 - Investment Securities (Tables) [Line Items]  
Unrealized Gain (Loss) on Investments [Table Text Block]
           

Gross

   

Gross

         
   

Amortized

   

Unrealized

   

Unrealized

   

Fair

 
   

Cost

   

Gains

   

(Losses)

   

Value

 

December 31, 2014:

                               

Securities held to maturity:

                               

Municipal securities

  $ 198,829,574     $ 2,420,298     $ (1,186,076 )   $ 200,063,796  

Other securities

    1,050,000       -       -       1,050,000  
    $ 199,879,574     $ 2,420,298     $ (1,186,076 )   $ 201,113,796  
                                 

Securities available for sale:

                               

U.S. govt. sponsored agency securities

  $ 312,959,760     $ 173,685     $ (5,263,873 )   $ 307,869,572  

Residential mortgage-backed and related securities

    110,455,925       1,508,331       (541,032 )     111,423,224  

Municipal securities

    29,408,740       1,053,713       (62,472 )     30,399,981  

Other securities

    1,342,554       625,145       (846 )     1,966,853  
    $ 454,166,979     $ 3,360,874     $ (5,868,223 )   $ 451,659,630  
                                 

December 31, 2013:

                               

Securities held to maturity:

                               

Municipal securities

  $ 144,401,895     $ 299,789     $ (7,111,579 )   $ 137,590,105  

Other securities

    1,050,000       -       -       1,050,000  
    $ 145,451,895     $ 299,789     $ (7,111,579 )   $ 138,640,105  
                                 

Securities available for sale:

                               

U.S. govt. sponsored agency securities

  $ 376,574,132     $ 41,696     $ (20,142,841 )   $ 356,472,987  

Residential mortgage-backed and related securities

    160,110,199       1,153,409       (3,834,157 )     157,429,451  

Municipal securities

    35,813,866       923,315       (778,324 )     35,958,857  

Other securities

    1,372,365       524,798       -       1,897,163  
    $ 573,870,562     $ 2,643,218     $ (24,755,322 )   $ 551,758,458  
Schedule of Unrealized Loss on Investments [Table Text Block]
   

Less than 12 Months

   

12 Months or More

   

Total

 
           

Gross

           

Gross

           

Gross

 
   

Fair

   

Unrealized

   

Fair

   

Unrealized

   

Fair

   

Unrealized

 
   

Value

   

Losses

   

Value

   

Losses

   

Value

   

Losses

 

December 31, 2014:

                                               

Securities held to maturity:

                                               

Municipal securities

  $ 20,419,052     $ (587,992 )   $ 38,779,545     $ (598,084 )   $ 59,198,597     $ (1,186,076 )
                                                 

Securities available for sale:

                                               

U.S. govt. sponsored agency securities

  $ 23,970,085     $ (102,695 )   $ 255,743,056     $ (5,161,178 )   $ 279,713,141     $ (5,263,873 )

Residential mortgage-backed and related securities

    10,710,671       (10,139 )     37,570,774       (530,893 )     48,281,445       (541,032 )

Municipal securities

    920,935       (1,773 )     4,425,337       (60,699 )     5,346,272       (62,472 )

Other securities

    243,004       (846 )     -       -       243,004       (846 )
    $ 35,844,695     $ (115,453 )   $ 297,739,167     $ (5,752,770 )   $ 333,583,862     $ (5,868,223 )
                                                 

December 31, 2013:

                                               

Securities held to maturity:

                                               

Municipal securities

  $ 101,983,602     $ (6,711,240 )   $ 2,697,375     $ (400,339 )   $ 104,680,977     $ (7,111,579 )
                                                 

Securities available for sale:

                                               

U.S. govt. sponsored agency securities

  $ 333,194,820     $ (19,141,077 )   $ 10,978,390     $ (1,001,764 )   $ 344,173,210     $ (20,142,841 )

Residential mortgage-backed and related securities

    94,723,092       (2,947,770 )     14,117,719       (886,387 )     108,840,811       (3,834,157 )

Municipal securities

    13,890,692       (724,939 )     985,687       (53,385 )     14,876,379       (778,324 )
    $ 441,808,604     $ (22,813,786 )   $ 26,081,796     $ (1,941,536 )   $ 467,890,400     $ (24,755,322 )
Realized Gain (Loss) on Investments [Table Text Block]
   

2014

   

2013

   

2012

 
                         

Proceeds from sales of securities

  $ 78,476,422     $ 37,393,047     $ 19,215,075  

Gross gains from sales of securities

    517,116       523,071       104,600  

Gross losses from sales of securities

    (424,753 )     (90,579 )     -  
Investments Classified by Contractual Maturity Date [Table Text Block]
   

Amortized Cost

   

Fair Value

 

Securities held to maturity:

               

Due in one year or less

  $ 13,233,202     $ 13,236,032  

Due after one year through five years

    18,369,970       18,455,551  

Due after five years

    168,276,402       169,422,213  
    $ 199,879,574     $ 201,113,796  
                 

Securities available for sale:

               

Due in one year or less

  $ 1,465,251     $ 1,472,292  

Due after one year through five years

    92,324,465       91,274,581  

Due after five years

    248,578,784       245,522,680  
    $ 342,368,500     $ 338,269,553  

Residential mortgage-backed and related securities

    110,455,925       111,423,224  

Other securities

    1,342,554       1,966,853  
    $ 454,166,979     $ 451,659,630  
   

Amortized Cost

   

Fair Value

 

Securities held to maturity:

               

Municipal securities

  $ 110,251,899     $ 111,121,516  
                 

Securities available for sale:

               

U.S. govt. sponsored agency securities

    232,619,254       228,580,781  

Municipal securities

    17,823,260       18,324,081  
    $ 250,442,514     $ 246,904,862  
Schedule of Debt [Table Text Block]
   

2014

   

2013

 
                 

Wholesale structured repurchase agreements

  $ 130,000,000     $ 130,000,000  

Term note

    17,625,000       9,800,000  

Series A subordinated notes

    2,657,492       2,648,362  
    $ 150,282,492     $ 142,448,362  
Bonds [Member]  
Note 3 - Investment Securities (Tables) [Line Items]  
Schedule of Debt [Table Text Block]

December 31, 2014:

                               

U.S. State:

 

Number of Issuers

   

Amortized Cost

   

Fair Value

   

Average

Exposure Per

Issuer

(Fair Value)

 
                                 

Iowa

    14     $ 20,156,969     $ 20,446,655     $ 1,460,475  

Missouri

    11       8,424,928       8,426,047       766,004  

Illinois

    10       22,447,799       22,784,638       2,278,464  

Other

    42       16,838,719       17,110,831       407,401  

Total general obligation bonds

    77     $ 67,868,415     $ 68,768,171     $ 893,093  

December 31, 2013:

                               

U.S. State:

 

Number of Issuers

   

Amortized Cost

   

Fair Value

   

Average

Exposure Per

Issuer

(Fair Value)

 
                                 

Iowa

    16     $ 17,946,059     $ 17,444,045     $ 1,090,253  

Illinois

    12       15,063,325       15,264,718       1,272,060  

Other

    56       22,166,026       21,512,582       384,153  

Total general obligation bonds

    84     $ 55,175,410     $ 54,221,345     $ 645,492  

December 31, 2014:

                               

U.S. State:

 

Number of Issuers

   

Amortized Cost

   

Fair Value

   

Average

Exposure Per

Issuer

(Fair Value)

 
                                 

Missouri

    30     $ 62,358,276     $ 62,584,516     $ 2,086,151  

Iowa

    20       59,417,246       60,402,941       3,020,147  

Indiana

    8       17,991,200       17,925,721       2,240,715  

Kansas

    2       12,307,866       12,332,528       6,166,264  

Other

    4       8,295,311       8,449,900       2,112,475  

Total revenue bonds

    64     $ 160,369,899     $ 161,695,606     $ 2,526,494  

December 31, 2013:

                               

U.S. State:

 

Number of Issuers

   

Amortized Cost

   

Fair Value

   

Average

Exposure

Per Issuer

(Fair Value)

 
                                 

Iowa

    17     $ 47,903,572     $ 46,257,997     $ 2,721,059  

Missouri

    21       42,085,249       40,054,613       1,907,363  

Indiana

    7       15,020,000       14,324,717       2,046,388  

Kansas

    2       11,022,382       9,997,068       4,998,534  

Other

    5       9,009,148       8,693,222       1,738,644  

Total revenue bonds

    52     $ 125,040,351     $ 119,327,617     $ 2,294,762