XML 64 R45.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 10 - Other Borrowings and Unused Lines of Credit (Tables)
12 Months Ended
Dec. 31, 2015
Note 10 - Other Borrowings and Unused Lines of Credit (Tables) [Line Items]  
Schedule of Debt [Table Text Block]
   

2015

   

2014

 
                 

Wholesale structured repurchase agreements

  $ 110,000,000     $ 130,000,000  

Term note

    -       17,625,000  

Series A subordinated notes

    -       2,657,492  
    $ 110,000,000     $ 150,282,492  
Schedule of Wholesale Repurchase Agreements [Table Text Block]
   

December 31, 2015

   

December 31, 2014

 
   

Amount Due

   

Weighted

Average

Interest Rate

at Year-End

   

Amount Due

   

Weighted

Average

Interest Rate

at Year-End

 

Maturity:

                               

Year ending December 31:

                               

2015

  $ -     0.00 %     $ 5,000,000     2.77 %  

2016

    -     -         -     -    

2017

    10,000,000     3.00         10,000,000     3.00    

2018

    10,000,000     3.97         10,000,000     3.97    

2019

    45,000,000     3.40         60,000,000     3.57    

2020

    45,000,000     2.66         45,000,000     2.66    

Total Wholesale Structured Repurchase Agreements

  $ 110,000,000     3.11 %     $ 130,000,000     3.21 %  
Schedule of Line of Credit Facilities [Table Text Block]
   

2015

   

2014

 
                 

Secured

  $ 14,601,432     $ 17,050,159  

Unsecured

    332,000,000       329,500,000  
    $ 346,601,432     $ 346,550,159  
Wholesale Repurchase Agreements [Member]  
Note 10 - Other Borrowings and Unused Lines of Credit (Tables) [Line Items]  
Schedule of Underlying Assets of Repurchase Agreements when Amount of Repurchase Agreements Exceeds 10 Percent of Assets [Table Text Block]
   

2015

   

2014

 

U.S. govt. sponsored agency securities

  $ 129,824,128     $ 153,757,514  

Less: overcollateralized position

    19,824,128       23,757,514  
    $ 110,000,000     $ 130,000,000