Note 3 - Loans/Leases Receivable (Tables)

9 Months Ended

Sep. 30, 2015

Receivables [Abstract]

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

	As of September 30,			As of December 31,
	2015			2014
Commercial and industrial loans	$	647,398,566		$	523,927,140
Commercial real estate loans
Owner-occupied commercial real estate		247,779,183			260,069,080
Commercial construction, land development, and other land		45,011,361			68,118,989
Other non owner-occupied commercial real estate		399,778,590			373,952,353
		692,569,134			702,140,422
Direct financing leases *		173,304,223			166,032,416
Residential real estate loans **		165,060,663			158,632,492
Installment and other consumer loans		69,862,991			72,606,480
		1,748,195,577			1,623,338,950
Plus deferred loan/lease origination costs, net of fees		7,476,792			6,664,120
		1,755,672,369			1,630,003,070
Less allowance for estimated losses on loans/leases		(25,534,344	)		(23,074,365	)
	$	1,730,138,025		$	1,606,928,705
* Direct financing leases:
Net minimum lease payments to be received	$	195,626,557		$	188,181,432
Estimated unguaranteed residual values of leased assets		1,165,706			1,488,342
Unearned lease/residual income		(23,488,040	)		(23,637,358	)
		173,304,223			166,032,416
Plus deferred lease origination costs, net of fees		6,710,311			6,639,244
		180,014,534			172,671,660
Less allowance for estimated losses on leases		(3,248,633	)		(3,442,915	)
	$	176,765,901		$	169,228,745

Past Due Financing Receivables [Table Text Block]

	As of September 30, 2015
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	$	637,545,096		$	4,169,089		$	148,932		$	-		$	5,535,449		$	647,398,566
Commercial Real Estate
Owner-Occupied Commercial Real Estate		246,787,360			80,056			-			-			911,767			247,779,183
Commercial Construction, Land Development, and Other Land		44,788,952			-			-			-			222,409			45,011,361
Other Non Owner-Occupied Commercial Real Estate		397,650,373			163,163			349,588			-			1,615,466			399,778,590
Direct Financing Leases		171,036,424			892,496			279,815			-			1,095,488			173,304,223
Residential Real Estate		163,433,860			46,638			46,626			-			1,533,539			165,060,663
Installment and Other Consumer		69,333,416			121,009			51,505			2,411			354,650			69,862,991
	$	1,730,575,481		$	5,472,451		$	876,466		$	2,411		$	11,268,768		$	1,748,195,577
As a percentage of total loan/lease portfolio		99.00	%		0.31	%		0.05	%		0.00	%		0.64	%		100.00	%

	As of December 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	$	515,616,752		$	323,145		$	-		$	822		$	7,986,421		$	523,927,140
Commercial Real Estate
Owner-Occupied Commercial Real Estate		259,166,743			239,771			-			-			662,566			260,069,080
Commercial Construction, Land Development, and Other Land		67,021,157			729,983			111,837			-			256,012			68,118,989
Other Non Owner-Occupied Commercial Real Estate		360,970,551			3,448,902			2,840,862			60,000			6,632,038			373,952,353
Direct Financing Leases		164,059,914			573,575			293,212			-			1,105,715			166,032,416
Residential Real Estate		154,303,644			2,528,287			475,343			25,673			1,299,545			158,632,492
Installment and Other Consumer		71,534,329			172,872			246,882			6,916			645,481			72,606,480
	$	1,592,673,090		$	8,016,535		$	3,968,136		$	93,411		$	18,587,778		$	1,623,338,950
As a percentage of total loan/lease portfolio		98.11	%		0.49	%		0.24	%		0.01	%		1.15	%		100.00	%

Schedule of Nonperforming Loans Leases [Table Text Block]

	As of September 30, 2015
Classes of Loans/Leases	Accruing Past Due 90 Days or More		Nonaccrual Loans/Leases *		Accruing TDRs		Total NPLs		Percentage of Total NPLs
Commercial and Industrial	$	-	$	5,535,449	$	174,071	$	5,709,520		46.37	%
Commercial Real Estate
Owner-Occupied Commercial Real Estate		-		911,767		-		911,767		7.41	%
Commercial Construction, Land Development, and Other Land		-		222,409		-		222,409		1.81	%
Other Non Owner-Occupied Commercial Real Estate		-		1,615,466		-		1,615,466		13.12	%
Direct Financing Leases		-		1,095,488		-		1,095,488		8.90	%
Residential Real Estate		-		1,533,539		406,712		1,940,251		15.76	%
Installment and Other Consumer		2,411		354,650		459,129		816,190		6.63	%
	$	2,411	$	11,268,768	$	1,039,912	$	12,311,091		100.00	%

	As of December 31, 2014
Classes of Loans/Leases	Accruing Past Due 90 Days or More		Nonaccrual Loans/Leases **		Accruing TDRs		Total NPLs		Percentage of Total NPLs
Commercial and Industrial	$	822	$	7,986,421	$	235,926	$	8,223,169		40.91	%
Commercial Real Estate							$	-
Owner-Occupied Commercial Real Estate		-		662,566		-	$	662,566		3.30	%
Commercial Construction, Land Development, and Other Land		-		256,012		-	$	256,012		1.27	%
Other Non Owner-Occupied Commercial Real Estate		60,000		6,632,038		-	$	6,692,038		33.29	%
Direct Financing Leases		-		1,105,715		233,557	$	1,339,272		6.66	%
Residential Real Estate		25,673		1,299,545		489,183	$	1,814,401		9.02	%
Installment and Other Consumer		6,916		645,481		462,552	$	1,114,949		5.55	%
	$	93,411	$	18,587,778	$	1,421,218	$	20,102,407		100.00	%

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

	Three Months Ended September 30, 2015
	Commercial and Industrial			Commercial Real Estate			Direct Financing Leases			Residential Real Estate			Installment and Other Consumer			Total
Balance, beginning	$	10,020,866		$	9,929,656		$	3,352,303		$	1,720,135		$	1,123,040		$	26,146,000
Provisions charged to expense		520,058			573,119			361,071			130,742			50,273			1,635,263
Loans/leases charged off		(145,665	)		(1,813,973	)		(483,420	)		(25,928	)		(6,837	)		(2,475,823	)
Recoveries on loans/leases previously charged off		136,909			19,913			18,679			4,107			49,296			228,904
Balance, ending	$	10,532,168		$	8,708,715		$	3,248,633		$	1,829,056		$	1,215,772		$	25,534,344

	Three Months Ended September 30, 2014
	Commercial and Industrial			Commercial Real Estate			Direct Financing Leases			Residential Real Estate			Installment and Other Consumer			Total
Balance, beginning	$	6,549,378		$	10,277,692		$	3,319,131		$	1,439,185		$	1,481,638		$	23,067,024
Provisions (credits) charged to expense		851,542			(196,865	)		509,657			(53,963	)		(47,048	)		1,063,323
Loans/leases charged off		(741,127	)		(120,505	)		(741,478	)		(42,022	)		(86,370	)		(1,731,502	)
Recoveries on loans/leases previously charged off		254,265			68,346			19,577			9,870			17,014			369,072
Balance, ending	$	6,914,058		$	10,028,668		$	3,106,887		$	1,353,070		$	1,365,234		$	22,767,917

	Nine Months Ended September 30, 2015
	Commercial and Industrial			Commercial Real Estate			Direct Financing Leases			Residential Real Estate			Installment and Other Consumer			Total
Balance, beginning	$	8,750,317		$	8,353,386		$	3,442,915		$	1,525,952		$	1,001,795		$	23,074,365
Provisions charged to expense		1,513,430			2,490,766			1,238,505			324,925			126,758			5,694,384
Loans/leases charged off		(391,303	)		(2,165,049	)		(1,496,010	)		(25,928	)		(40,886	)		(4,119,176	)
Recoveries on loans/leases previously charged off		659,724			29,612			63,223			4,107			128,105			884,771
Balance, ending	$	10,532,168		$	8,708,715		$	3,248,633		$	1,829,056		$	1,215,772		$	25,534,344

	Nine Months Ended September 30, 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		1,930,050			(460,356	)		1,428,678			42,712			218,280			3,159,364
Loans/leases charged off		(967,207	)		(436,056	)		(885,966	)		(95,464	)		(102,107	)		(2,486,800	)
Recoveries on loans/leases previously charged off		302,441			219,646			46,958			9,973			68,287			647,305
Balance, ending	$	6,914,058		$	10,028,668		$	3,106,887		$	1,353,070		$	1,365,234		$	22,767,917

	As of September 30, 2015
	Commercial and Industrial			Commercial Real Estate			Direct Financing Leases			Residential Real Estate			Installment and Other Consumer			Total
Allowance for impaired loans/leases	$	2,649,170		$	154,086		$	153,333		$	250,084		$	345,457		$	3,552,130
Allowance for nonimpaired loans/leases		7,882,998			8,554,629			3,095,300			1,578,972			870,315			21,982,214
	$	10,532,168		$	8,708,715		$	3,248,633		$	1,829,056		$	1,215,772		$	25,534,344
Impaired loans/leases	$	5,036,852		$	2,739,644		$	1,095,486		$	1,940,250		$	813,778		$	11,626,010
Nonimpaired loans/leases		642,361,714			689,829,490			172,208,737			163,120,413			69,049,213			1,736,569,567
	$	647,398,566		$	692,569,134		$	173,304,223		$	165,060,663		$	69,862,991		$	1,748,195,577
Allowance as a percentage of impaired loans/leases		52.60	%		5.62	%		14.00	%		12.89	%		42.45	%		30.55	%
Allowance as a percentage of nonimpaired loans/leases		1.23	%		1.24	%		1.80	%		0.97	%		1.26	%		1.27	%
		1.63	%		1.26	%		1.87	%		1.11	%		1.74	%		1.45	%

	As of December 31, 2014
	Commercial and Industrial			Commercial Real Estate			Direct Financing Leases			Residential Real Estate			Installment and Other Consumer			Total
Allowance for impaired loans/leases	$	3,300,199		$	1,170,020		$	356,996		$	151,663		$	265,795		$	5,244,673
Allowance for nonimpaired loans/leases		5,450,118			7,183,366			3,085,919			1,374,289			736,000			17,829,692
	$	8,750,317		$	8,353,386		$	3,442,915		$	1,525,952		$	1,001,795		$	23,074,365
Impaired loans/leases	$	7,279,709		$	7,433,383		$	1,339,272		$	1,788,729		$	1,165,548		$	19,006,641
Nonimpaired loans/leases		516,647,431			694,707,039			164,693,144			156,843,763			71,440,932			1,604,332,309
	$	523,927,140		$	702,140,422		$	166,032,416		$	158,632,492		$	72,606,480		$	1,623,338,950
Allowance as a percentage of impaired loans/leases		45.33	%		15.74	%		26.66	%		8.48	%		22.80	%		27.59	%
Allowance as a percentage of nonimpaired loans/leases		1.05	%		1.03	%		1.87	%		0.88	%		1.03	%		1.11	%
		1.67	%		1.19	%		2.07	%		0.96	%		1.38	%		1.42	%

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	$	360,420	$	470,197	$	-	$	370,376	$	5,579	$	5,579
Commercial Real Estate
Owner-Occupied Commercial Real Estate		431,065		524,839		-		510,604		-		-
Commercial Construction, Land Development, and Other Land		-		-		-		17,291		-		-
Other Non Owner-Occupied Commercial Real Estate		1,973,169		1,973,169		-		3,412,360		-		-
Direct Financing Leases		579,219		579,219		-		797,396		4,142		4,142
Residential Real Estate		661,490		697,067		-		1,036,845		1,845		1,845
Installment and Other Consumer		12,666		12,666		-		448,095		4,387		4,387
	$	4,018,029	$	4,257,157	$	-	$	6,592,967	$	15,953	$	15,953
Impaired Loans/Leases with Specific Allowance Recorded:
Commercial and Industrial	$	4,676,432	$	4,681,930	$	2,649,170	$	4,792,439	$	-	$	-
Commercial Real Estate
Owner-Occupied Commercial Real Estate		-		-		-		-		-		-
Commercial Construction, Land Development, and Other Land		335,410		576,228		154,086		335,963		-		-
Other Non Owner-Occupied Commercial Real Estate		-		-		-		-		-		-
Direct Financing Leases		516,267		516,267		153,333		379,841		-		-
Residential Real Estate		1,278,760		1,278,760		250,084		835,674		6,778		6,778
Installment and Other Consumer		801,112		801,112		345,457		699,182		5,903		5,903
	$	7,607,981	$	7,854,297	$	3,552,130	$	7,043,099	$	12,681	$	12,681
Total Impaired Loans/Leases:
Commercial and Industrial	$	5,036,852	$	5,152,127	$	2,649,170	$	5,162,815	$	5,579	$	5,579
Commercial Real Estate
Owner-Occupied Commercial Real Estate		431,065		524,839		-		510,604		-		-
Commercial Construction, Land Development, and Other Land		335,410		576,228		154,086		353,254		-		-
Other Non Owner-Occupied Commercial Real Estate		1,973,169		1,973,169		-		3,412,360		-		-
Direct Financing Leases		1,095,486		1,095,486		153,333		1,177,237		4,142		4,142
Residential Real Estate		1,940,250		1,975,827		250,084		1,872,519		8,623		8,623
Installment and Other Consumer		813,778		813,778		345,457		1,147,277		10,290		10,290
	$	11,626,010	$	12,111,454	$	3,552,130	$	13,636,066	$	28,634	$	28,634

	Three Months Ended September 30, 2015						Three Months Ended September 30, 2014
Classes of Loans/Leases	Average Recorded Investment		Interest Income Recognized		Interest Income Recognized for Cash Payments Received		Average Recorded Investment		Interest Income Recognized		Interest Income Recognized for Cash Payments Received
Impaired Loans/Leases with No Specific Allowance Recorded:
Commercial and Industrial	$	365,798	$	1,870	$	1,870	$	621,836	$	17,855	$	17,855
Commercial Real Estate
Owner-Occupied Commercial Real Estate		451,851		-		-		751,191		-		-
Commercial Construction, Land Development, and Other Land		9,968		-		-		1,397,733		-		-
Other Non Owner-Occupied Commercial Real Estate		2,868,950		-		-		4,051,261		-		-
Direct Financing Leases		634,378		325		325		1,152,456		-		-
Residential Real Estate		900,938		1,362		1,362		1,186,197		704		704
Installment and Other Consumer		328,669		3,912		3,912		494,498		-		-
	$	5,560,552	$	7,469	$	7,469	$	9,655,172	$	18,559	$	18,559
Impaired Loans/Leases with Specific Allowance Recorded:
Commercial and Industrial	$	4,735,149	$	-	$	-	$	3,454,429	$	-	$	-
Commercial Real Estate
Owner-Occupied Commercial Real Estate		-		-		-		439,701		-		-
Commercial Construction, Land Development, and Other Land		335,707		-		-		796,194		-		-
Other Non Owner-Occupied Commercial Real Estate		-		-		-		6,034,473		-		-
Direct Financing Leases		488,860		-		-		578,317		-		-
Residential Real Estate		984,558		1,981		1,981		564,278		1,296		1,296
Installment and Other Consumer		723,674		1,391		1,391		826,092		890		890
	$	7,267,948	$	3,372	$	3,372	$	12,693,484	$	2,186	$	2,186
Total Impaired Loans/Leases:
Commercial and Industrial	$	5,100,947	$	1,870	$	1,870	$	4,076,265	$	17,855	$	17,855
Commercial Real Estate
Owner-Occupied Commercial Real Estate		451,851		-		-		1,190,892		-		-
Commercial Construction, Land Development, and Other Land		345,675		-		-		2,193,927		-		-
Other Non Owner-Occupied Commercial Real Estate		2,868,950		-		-		10,085,734		-		-
Direct Financing Leases		1,123,238		325		325		1,730,773		-		-
Residential Real Estate		1,885,496		3,343		3,343		1,750,475		2,000		2,000
Installment and Other Consumer		1,052,343		5,303		5,303		1,320,590		890		890
	$	12,828,500	$	10,841	$	10,841	$	22,348,656	$	20,745	$	20,745

Classes of Loans/Leases	Recorded Investment		Unpaid Principal Balance		Related Allowance
Impaired Loans/Leases with No Specific Allowance Recorded:
Commercial and Industrial	$	246,308	$	342,391	$	-
Commercial Real Estate
Owner-Occupied Commercial Real Estate		67,415		163,638		-
Commercial Construction, Land Development, and Other Land		31,936		143,136		-
Other Non Owner-Occupied Commercial Real Estate		491,717		491,717		-
Direct Financing Leases		561,414		561,414		-
Residential Real Estate		1,060,770		1,060,770		-
Installment and Other Consumer		671,319		671,319		-
	$	3,130,879	$	3,434,385	$	-
Impaired Loans/Leases with Specific Allowance Recorded:
Commercial and Industrial	$	7,033,401	$	8,190,495	$	3,300,199
Commercial Real Estate
Owner-Occupied Commercial Real Estate		620,896		620,896		4,462
Commercial Construction, Land Development, and Other Land		337,076		577,894		12,087
Other Non Owner-Occupied Commercial Real Estate		5,884,343		6,583,934		1,153,471
Direct Financing Leases		777,858		777,858		356,996
Residential Real Estate		727,959		763,537		151,663
Installment and Other Consumer		494,229		494,229		265,795
	$	15,875,762	$	18,008,843	$	5,244,673
Total Impaired Loans/Leases:
Commercial and Industrial	$	7,279,709	$	8,532,886	$	3,300,199
Commercial Real Estate
Owner-Occupied Commercial Real Estate		688,311		784,534		4,462
Commercial Construction, Land Development, and Other Land		369,012		721,030		12,087
Other Non Owner-Occupied Commercial Real Estate		6,376,060		7,075,651		1,153,471
Direct Financing Leases		1,339,272		1,339,272		356,996
Residential Real Estate		1,788,729		1,824,307		151,663
Installment and Other Consumer		1,165,548		1,165,548		265,795
	$	19,006,641	$	21,443,228	$	5,244,673

Financing Receivable Credit Quality Indicators [Table Text Block]

	As of September 30, 2015
			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		As a % of Total
Pass (Ratings 1 through 5)	$	619,562,207	$	237,616,448	$	42,172,844	$	386,936,606	$	1,286,288,105		96.00	%
Special Mention (Rating 6)		15,739,256		8,064,486		1,780,000		4,878,807		30,462,549		2.27	%
Substandard (Rating 7)		12,097,103		2,098,249		1,058,517		7,963,177		23,217,046		1.73	%
Doubtful (Rating 8)		-		-		-		-		-		-
	$	647,398,566	$	247,779,183	$	45,011,361	$	399,778,590	$	1,339,967,700		100.00	%

	As of September 30, 2015
Delinquency Status *	Direct Financing Leases		Residential Real Estate		Installment and Other Consumer		Total		As a % of Total
Performing	$	172,208,735	$	163,120,412	$	69,046,801	$	404,375,948		99.06	%
Nonperforming		1,095,488		1,940,251		816,190		3,851,929		0.94	%
	$	173,304,223	$	165,060,663	$	69,862,991	$	408,227,877		100.00	%

	As of December 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		As a % of Total
Pass (Ratings 1 through 5)	$	491,883,568	$	245,237,462	$	65,691,737	$	354,581,419	$	1,157,394,186		94.40	%
Special Mention (Rating 6)		17,034,909		12,637,930		-		3,285,191		32,958,030		2.69	%
Substandard (Rating 7)		15,008,663		2,193,688		2,427,252		16,085,743		35,715,346		2.91	%
Doubtful (Rating 8)		-		-		-		-		-		-
	$	523,927,140	$	260,069,080	$	68,118,989	$	373,952,353	$	1,226,067,562		100.00	%

	As of December 31, 2014
Delinquency Status *	Direct Financing Leases		Residential Real Estate		Installment and Other Consumer		Total		As a % of Total
Performing	$	164,693,144	$	156,818,091	$	71,491,531	$	393,002,766		98.93	%
Nonperforming		1,339,272		1,814,401		1,114,949		4,268,622		1.07	%
	$	166,032,416	$	158,632,492	$	72,606,480	$	397,271,388		100.00	%

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	For the three months ended September 30, 2015								For the three months ended September 30, 2014
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 - Interest rate adjusted below market
Installment and Other Consumer		1	$	14,203	$	14,203	$	-		-	$	-	$	-	$	-
		1	$	14,203	$	14,203	$	-		-	$	-	$	-	$	-
CONCESSION - Other
Commercial and Industrial		-	$	-	$	-	$	-		1	$	96,439	$	71,760	$	7,125
		-	$	-	$	-	$	-		1	$	96,439	$	71,760	$	7,125
TOTAL		1	$	14,203	$	14,203		-		1	$	96,439	$	71,760		7,125

	For the nine months ended September 30, 2015								For the nine months ended September 30, 2014
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
Commercial and Industrial		-	$	-	$	-	$	-		3	$	889,154	$	889,154	$	239,783
Direct Financing Leases		-	$	-	$	-	$	-		1	$	89,443	$	89,443	$	-
		-	$	-	$	-	$	-		4	$	978,597	$	978,597	$	239,783
CONCESSION - Interest rate adjusted below market
Installment and Other Consumer		1	$	14,203	$	14,203	$	-		-	$	-	$	-	$	-
		1	$	14,203	$	14,203	$	-		-	$	-	$	-	$	-
CONCESSION - Extension of Maturity
Direct Financing Leases		-	$	-	$	-	$	-		1	$	70,144	$	70,144	$	24,246
		-	$	-	$	-	$	-		1	$	70,144	$	70,144	$	24,246
CONCESSION - Other
Commercial and Industrial		-	$	-	$	-	$	-		1	$	427,849	$	427,849	$	113,449
Residential Real Estate		-	$	-	$	-	$	-		1	$	96,439	$	71,760	$	7,125
		-	$	-	$	-	$	-		2	$	524,288	$	499,609	$	120,574
TOTAL		1	$	14,203	$	14,203		-		7	$	1,573,029	$	1,548,350	$	384,603