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Note 6 - Fair Value (Tables)
3 Months Ended
Mar. 31, 2015
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
           

Fair Value Measurements at Reporting Date Using

 
           

Quoted Prices

   

Significant

         
           

in Active

   

Other

   

Significant

 
           

Markets for

   

Observable

   

Unobservable

 
           

Identical Assets

   

Inputs

   

Inputs

 
   

Fair Value

   

(Level 1)

   

(Level 2)

   

(Level 3)

 
                                 

March 31, 2015:

                               

Securities available for sale:

                               

U.S. govt. sponsored agency securities

  $ 299,180,255     $ -     $ 299,180,255     $ -  

Residential mortgage-backed and related securities

    91,363,300       -       91,363,300       -  

Municipal securities

    29,713,314       -       29,713,314       -  

Other securities

    2,001,231       356,110       1,645,121       -  

Derivative instruments

    1,114,101       -       1,114,101       -  
    $ 423,372,201     $ 356,110     $ 423,016,091     $ -  
                                 

December 31, 2014:

                               

Securities available for sale:

                               

U.S. govt. sponsored agency securities

  $ 307,869,572     $ -     $ 307,869,572     $ -  

Residential mortgage-backed and related securities

    111,423,224       -       111,423,224       -  

Municipal securities

    30,399,981       -       30,399,981       -  

Other securities

    1,966,853       345,952       1,620,901       -  

Derivative instruments

    1,487,386       -       1,487,386          
    $ 453,147,016     $ 345,952     $ 452,801,064     $ -  
           

Fair Value Measurements at Reporting Date Using

 
   

Fair Value

   

Level 1

   

Level 2

   

Level 3

 

March 31, 2015:

                               

Impaired loans/leases

  $ 9,403,469     $ -     $ -     $ 9,403,469  

Other real estate owned

    14,304,939       -       -       14,304,939  
    $ 23,708,408     $ -     $ -     $ 23,708,408  
                                 

December 31, 2014:

                               

Impaired loans/leases

  $ 12,467,362     $ -     $ -     $ 12,467,362  

Other real estate owned

    13,789,047       -       -       13,789,047  
    $ 26,256,409     $ -     $ -     $ 26,256,409  
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]
   

Quantitave Information about Level Fair Value Measurments

 
   

Fair Value

 

Valuation Technique

Unobservable Input

 

Range

 

March 31, 2015:

                   

Impaired loans/leases

  $ 9,403,469  

Appraisal of collateral

Appraisal adjustments

    -10.00% to -50.00 %

Other real estate owned

    14,304,939  

Appraisal of collateral

Appraisal adjustments

    0.00% to -35.00 %
   

Quantitave Information about Level Fair Value Measurments

 
   

Fair Value

 

Valuation Technique

Unobservable Input

 

Range

 

December 31, 2014:

                   

Impaired loans/leases

  $ 12,467,362  

Appraisal of collateral

Appraisal adjustments

    -10.00% to -50.00 %

Other real estate owned

    13,789,047  

Appraisal of collateral

Appraisal adjustments

    0.00% to -35.00 %
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
   

Fair Value

   

As of March 31, 2015

   

As of December 31, 2014

 
   

Hierarchy

   

Carrying

   

Estimated

   

Carrying

   

Estimated

 
   

Level

   

Value

   

Fair Value

   

Value

   

Fair Value

 
                                         

Cash and due from banks

 

Level 1

    $ 45,138,266     $ 45,138,266     $ 38,235,019     $ 38,235,019  

Federal funds sold

 

Level 2

      14,035,000       14,035,000       46,780,000       46,780,000  

Interest-bearing deposits at financial institutions

 

Level 2

      17,118,983       17,118,983       35,334,682       35,334,682  

Investment securities:

                                       

Held to maturity

 

Level 3

      215,146,171       215,636,997       199,879,574       201,113,796  

Available for sale

 

See Previous Table

      422,258,100       422,258,100       451,659,630       451,659,630  

Loans/leases receivable, net

 

Level 3

      8,706,916       9,403,469       11,543,854       12,467,362  

Loans/leases receivable, net

 

Level 2

      1,621,861,047       1,636,808,084       1,595,384,851       1,606,646,146  

Derivative instruments

 

Level 2

      1,114,101       1,114,101       1,487,386       1,487,386  

Deposits:

                                       

Nonmaturity deposits

 

Level 2

      1,386,860,881       1,386,860,881       1,304,044,099       1,304,044,099  

Time deposits

 

Level 2

      347,408,506       348,466,000       375,623,914       376,509,000  

Short-term borrowings

 

Level 2

      183,335,719       183,335,719       268,351,670       268,351,670  

Federal Home Loan Bank advances

 

Level 2

      196,500,000       206,366,000       203,500,000       208,172,000  

Other borrowings

 

Level 2

      149,109,915       159,278,000       150,282,492       159,741,000  

Junior subordinated debentures

 

Level 2

      40,457,936       28,691,964       40,423,735       28,585,294