Note 3 - Loans Leases Receivable (Tables)

6 Months Ended

Jun. 30, 2016

Notes Tables

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

	As of June 30,			As of December 31,
	2016			2015
C&I loans	$	706,261,186		$	648,159,892
CRE loans
Owner-occupied CRE		258,688,445			252,523,164
Commercial construction, land development, and other land		48,948,825			49,083,844
Other non owner-occupied CRE		476,741,839			422,761,757
		784,379,109			724,368,765
Direct financing leases *		169,927,481			173,655,605
Residential real estate loans **		180,482,005			170,432,530
Installment and other consumer loans		73,658,172			73,669,493
		1,914,707,953			1,790,286,285
Plus deferred loan/lease origination costs, net of fees		8,065,444			7,736,390
		1,922,773,397			1,798,022,675
Less allowance		(28,097,490	)		(26,140,906	)
	$	1,894,675,907		$	1,771,881,769
* Direct financing leases:
Net minimum lease payments to be received	$	190,107,687		$	195,476,230
Estimated unguaranteed residual values of leased assets		1,085,154			1,165,706
Unearned lease/residual income		(21,265,360	)		(22,986,331	)
		169,927,481			173,655,605
Plus deferred lease origination costs, net of fees		6,339,871			6,594,582
		176,267,352			180,250,187
Less allowance		(3,226,194	)		(3,395,088	)
	$	173,041,158		$	176,855,099

Past Due Financing Receivables [Table Text Block]

	As of June 30, 2016
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
C&I	$	687,859,076		$	400,711		$	13,225,353		$	-		$	4,776,046		$	706,261,186
CRE
Owner-Occupied CRE		257,503,344			141,571			-			-			1,043,530			258,688,445
Commercial Construction, Land Development, and Other Land		48,759,844			-			-			-			188,981			48,948,825
Other Non Owner-Occupied CRE		473,256,279			530,808			1,384,387			84,500			1,485,865			476,741,839
Direct Financing Leases		165,927,453			1,036,764			1,230,235			-			1,733,029			169,927,481
Residential Real Estate		179,075,229			-			215,561			-			1,191,215			180,482,005
Installment and Other Consumer		72,831,797			446,971			59,391			1,868			318,145			73,658,172
	$	1,885,213,022		$	2,556,825		$	16,114,927		$	86,368		$	10,736,811		$	1,914,707,953
As a percentage of total loan/lease portfolio		98.46	%		0.13	%		0.84	%		0.00	%		0.56	%		100.00	%

	As of December 31, 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
C&I	$	640,725,241		$	1,636,860		$	5,816		$	-		$	5,791,975		$	648,159,892
CRE
Owner-Occupied CRE		251,612,752			182,949			-			-			727,463			252,523,164
Commercial Construction, Land Development, and Other Land		48,890,040			-			-			-			193,804			49,083,844
Other Non Owner-Occupied CRE		420,819,874			614,732			219,383			-			1,107,768			422,761,757
Direct Financing Leases		170,021,289			1,490,818			439,314			2,843			1,701,341			173,655,605
Residential Real Estate		166,415,118			2,800,589			200,080			-			1,016,743			170,432,530
Installment and Other Consumer		73,134,197			412,052			14,127			-			109,117			73,669,493
	$	1,771,618,511		$	7,138,000		$	878,720		$	2,843		$	10,648,211		$	1,790,286,285
As a percentage of total loan/lease portfolio		98.96	%		0.40	%		0.05	%		0.00	%		0.59	%		100.00	%

Schedule of Nonperforming Loans Leases [Table Text Block]

	As of June 30, 2016
Classes of Loans/Leases	Accruing Past Due 90 Days or More		Nonaccrual Loans/Leases *		Accruing TDRs		Total NPLs		Percentage of Total NPLs
C&I	$	-	$	4,776,046	$	171,108	$	4,947,154		39.34	%
CRE
Owner-Occupied CRE		-		1,043,530		-		1,043,530		8.30	%
Commercial Construction, Land Development, and Other Land		-		188,981		-		188,981		1.50	%
Other Non Owner-Occupied CRE		84,500		1,485,865		-		1,570,365		12.49	%
Direct Financing Leases		-		1,733,029		1,059,919		2,792,948		22.21	%
Residential Real Estate		-		1,191,215		393,799		1,585,014		12.60	%
Installment and Other Consumer		1,868		318,145		128,151		448,164		3.56	%
	$	86,368	$	10,736,811	$	1,752,977	$	12,576,156		100.00	%

	As of December 31, 2015
Classes of Loans/Leases	Accruing Past Due 90 Days or More		Nonaccrual Loans/Leases **		Accruing TDRs		Total NPLs		Percentage of Total NPLs
C&I	$	-	$	5,791,975	$	173,087	$	5,965,062		50.96	%
CRE							$	-
Owner-Occupied CRE		-		727,463		-	$	727,463		6.22	%
Commercial Construction, Land Development, and Other Land		-		193,804		-	$	193,804		1.66	%
Other Non Owner-Occupied CRE		-		1,107,768		-	$	1,107,768		9.46	%
Direct Financing Leases		2,843		1,701,341		-	$	1,704,184		14.56	%
Residential Real Estate		-		1,016,743		402,044	$	1,418,787		12.12	%
Installment and Other Consumer		-		109,117		478,625	$	587,742		5.02	%
	$	2,843	$	10,648,211	$	1,053,756	$	11,704,810		100.00	%

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

	Three Months Ended June 30, 2016
	C&I			CRE			Direct Financing Leases			Residential Real Estate			Installment and Other Consumer			Total
Balance, beginning	$	10,991,979		$	10,090,567		$	3,287,231		$	1,836,622		$	1,189,043		$	27,395,442
Provisions (credits) charged to expense		(241,600	)		919,596			460,997			194,988			(136,131	)		1,197,850
Loans/leases charged off		(48,983	)		(23,101	)		(534,716	)		(17,523	)		(9,892	)		(634,215	)
Recoveries on loans/leases previously charged off		23,110			-			12,682			900			101,721			138,413
Balance, ending	$	10,724,506		$	10,987,062		$	3,226,194		$	2,014,987		$	1,144,741		$	28,097,490

	Three Months Ended June 30, 2015
	C&I			CRE		Direct Financing Leases			Residential Real Estate		Installment and Other Consumer			Total
Balance, beginning	$	9,093,650		$	8,838,204	$	3,310,973		$	1,597,754	$	1,042,693		$	23,883,274
Provisions charged to expense		604,731			1,081,753		473,982			122,381		65,818			2,348,665
Loans/leases charged off		(45,337	)		-		(465,098	)		-		(25,255	)		(535,690	)
Recoveries on loans/leases previously charged off		367,822			9,699		32,446			-		39,784			449,751
Balance, ending	$	10,020,866		$	9,929,656	$	3,352,303		$	1,720,135	$	1,123,040		$	26,146,000

	Six Months Ended June 30, 2016
	Commercial and Industrial			Commercial Real Estate			Direct Financing Leases			Residential Real Estate			Installment and Other Consumer			Total
Balance, beginning	$	10,484,080		$	9,375,117		$	3,395,088		$	1,790,150		$	1,096,471		$	26,140,906
Provisions (credits) charged to expense		498,231			1,635,046			939,242			257,644			(59,328	)		3,270,835
Loans/leases charged off		(292,549	)		(23,101	)		(1,135,654	)		(33,707	)		(17,488	)		(1,502,499	)
Recoveries on loans/leases previously charged off		34,744			-			27,518			900			125,086			188,248
Balance, ending	$	10,724,506		$	10,987,062		$	3,226,194		$	2,014,987		$	1,144,741		$	28,097,490

	Six Months Ended June 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		993,372			1,917,647			877,434			194,183		76,485			4,059,121
Loans/leases charged off		(245,638	)		(351,076	)		(1,012,590	)		-		(34,049	)		(1,643,353	)
Recoveries on loans/leases previously charged off		522,815			9,699			44,544			-		78,809			655,867
Balance, ending	$	10,020,866		$	9,929,656		$	3,352,303		$	1,720,135	$	1,123,040		$	26,146,000

	As of June 30, 2016
	C&I			CRE			Direct Financing Leases			Residential Real Estate			Installment and Other Consumer			Total
Allowance for impaired loans/leases	$	1,242,430		$	123,079		$	555,819		$	198,020		$	138,490		$	2,257,838
Allowance for nonimpaired loans/leases		9,482,076			10,863,983			2,670,375			1,816,967			1,006,251			25,839,652
	$	10,724,506		$	10,987,062		$	3,226,194		$	2,014,987		$	1,144,741		$	28,097,490
Impaired loans/leases	$	4,454,638		$	2,616,301		$	2,678,521		$	1,585,013		$	446,297		$	11,780,770
Nonimpaired loans/leases		701,806,548			781,762,808			167,248,960			178,896,992			73,211,875			1,902,927,183
	$	706,261,186		$	784,379,109		$	169,927,481		$	180,482,005		$	73,658,172		$	1,914,707,953
Allowance as a percentage of impaired loans/leases		27.89	%		4.70	%		20.75	%		12.49	%		31.03	%		19.17	%
Allowance as a percentage of nonimpaired loans/leases		1.35	%		1.39	%		1.60	%		1.02	%		1.37	%		1.36	%
Total allowance as a percentage of total loans/leases		1.52	%		1.40	%		1.90	%		1.12	%		1.55	%		1.46	%

	As of December 31, 2015
	C&I			CRE			Direct Financing Leases			Residential Real Estate			Installment and Other Consumer			Total
Allowance for impaired loans/leases	$	2,592,270		$	76,934		$	306,193		$	185,801		$	143,089		$	3,304,287
Allowance for nonimpaired loans/leases		7,891,810			9,298,183			3,088,895			1,604,349			953,382			22,836,619
	$	10,484,080		$	9,375,117		$	3,395,088		$	1,790,150		$	1,096,471		$	26,140,906
Impaired loans/leases	$	5,286,482		$	2,029,035		$	1,701,341		$	1,418,787		$	587,742		$	11,023,387
Nonimpaired loans/leases		642,873,410			722,339,730			171,954,264			169,013,743			73,081,751			1,779,262,898
	$	648,159,892		$	724,368,765		$	173,655,605		$	170,432,530		$	73,669,493		$	1,790,286,285
Allowance as a percentage of impaired loans/leases		49.04	%		3.79	%		18.00	%		13.10	%		24.35	%		29.98	%
Allowance as a percentage of nonimpaired loans/leases		1.23	%		1.29	%		1.80	%		0.95	%		1.30	%		1.28	%
Total allowance as a percentage of total loans/leases		1.62	%		1.29	%		1.96	%		1.05	%		1.49	%		1.45	%

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:
C&I	$	639,448	$	780,390	$	-	$	3,197,308	$	5,343	$	5,343
CRE
Owner-Occupied CRE		-		93,774		-		163,216		-		-
Commercial Construction, Land Development, and Other Land		-		-		-		-		-		-
Other Non Owner-Occupied CRE		1,516,555		1,516,555		-		1,243,616		-		-
Direct Financing Leases		1,652,661		1,652,661		-		1,398,419		31,500		31,500
Residential Real Estate		672,061		711,262		-		627,715		2,051		2,051
Installment and Other Consumer		231,730		231,730		-		281,740		-		-
	$	4,712,455	$	4,986,372	$	-	$	6,912,014	$	38,894	$	38,894
Impaired Loans/Leases with Specific Allowance Recorded:
C&I	$	3,815,190	$	3,819,029	$	1,242,430	$	1,775,881	$	-	$	-
CRE
Owner-Occupied CRE		-		-		-		-		-		-
Commercial Construction, Land Development, and Other Land		188,981		200,981		79,911		191,384		-		-
Other Non Owner-Occupied CRE		910,765		910,765		43,168		595,714		-		-
Direct Financing Leases		1,025,860		1,025,860		555,819		866,749		-		-
Residential Real Estate		912,952		948,530		198,020		872,297		3,906		3,906
Installment and Other Consumer		214,567		214,567		138,490		212,806		2,968		2,968
	$	7,068,315	$	7,119,732	$	2,257,838	$	4,514,831	$	6,874	$	6,874
Total Impaired Loans/Leases:
C&I	$	4,454,638	$	4,599,419	$	1,242,430	$	4,973,189	$	5,343	$	5,343
CRE
Owner-Occupied CRE		-		93,774		-		163,216		-		-
Commercial Construction, Land Development, and Other Land		188,981		200,981		79,911		191,384		-		-
Other Non Owner-Occupied CRE		2,427,320		2,427,320		43,168		1,839,330		-		-
Direct Financing Leases		2,678,521		2,678,521		555,819		2,265,168		31,500		31,500
Residential Real Estate		1,585,013		1,659,792		198,020		1,500,012		5,957		5,957
Installment and Other Consumer		446,297		446,297		138,490		494,546		2,968		2,968
	$	11,780,770	$	12,106,104	$	2,257,838	$	11,426,845	$	45,768	$	45,768

	Three Months Ended June 30, 2016						Three Months Ended June 30, 2015
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:
C&I	$	2,524,056	$	3,519	$	3,519	$	320,187	$	1,860	$	1,860
CRE
Owner-Occupied CRE		121,444		-		-		550,374		-		-
Commercial Construction, Land Development, and Other Land		-		-		-		222,926		-		-
Other Non Owner-Occupied CRE		1,311,540		-		-		2,474,448		-		-
Direct Financing Leases		1,510,987		19,897		19,897		582,316		1,878		1,878
Residential Real Estate		621,354		1,013		1,013		969,580		-		-
Installment and Other Consumer		229,207		-		-		705,750		475		475
	$	6,318,588	$	24,429	$	24,429	$	5,825,581	$	4,213	$	4,213
Impaired Loans/Leases with Specific Allowance Recorded:
C&I	$	2,292,483	$	-	$	-	$	4,912,917	$	-	$	-
CRE
Owner-Occupied CRE		-		-		-		-		-		-
Commercial Construction, Land Development, and Other Land		190,174		-		-		139,250		-		-
Other Non Owner-Occupied CRE		658,220		-		-		1,657,506		-		-
Direct Financing Leases		995,446		-		-		561,840		-		-
Residential Real Estate		919,271		1,948		1,948		869,073		1,967		1,967
Installment and Other Consumer		218,742		1,468		1,468		608,277		2,252		2,252
	$	5,274,336	$	3,416	$	3,416	$	8,748,863	$	4,219	$	4,219
Total Impaired Loans/Leases:
C&I	$	4,816,539	$	3,519	$	3,519	$	5,233,104	$	1,860	$	1,860
CRE
Owner-Occupied CRE		121,444		-		-		550,374		-		-
Commercial Construction, Land Development, and Other Land		190,174		-		-		362,176		-		-
Other Non Owner-Occupied CRE		1,969,760		-		-		4,131,954		-		-
Direct Financing Leases		2,506,433		19,897		19,897		1,144,156		1,878		1,878
Residential Real Estate		1,540,625		2,961		2,961		1,838,653		1,967		1,967
Installment and Other Consumer		447,949		1,468		1,468		1,314,027		2,727		2,727
	$	11,592,924	$	27,845	$	27,845	$	14,574,444	$	8,432	$	8,432

Classes of Loans/Leases	Recorded Investment		Unpaid Principal Balance		Related Allowance
Impaired Loans/Leases with No Specific Allowance Recorded:
C&I	$	234,636	$	346,072	$	-
CRE
Owner-Occupied CRE		256,761		350,535		-
Commercial Construction, Land Development, and Other Land		-		228,818		-
Other Non Owner-Occupied CRE		1,578,470		1,578,470		-
Direct Financing Leases		871,884		871,884		-
Residential Real Estate		613,486		649,064		-
Installment and Other Consumer		377,304		377,304		-
	$	3,932,541	$	4,402,147	$	-
Impaired Loans/Leases with Specific Allowance Recorded:
C&I	$	5,051,846	$	5,055,685	$	2,592,270
CRE
Owner-Occupied CRE		-		-		-
Commercial Construction, Land Development, and Other Land		193,804		205,804		76,934
Other Non Owner-Occupied CRE		-		-		-
Direct Financing Leases		829,457		829,457		306,193
Residential Real Estate		805,301		805,301		185,801
Installment and Other Consumer		210,438		210,438		143,089
	$	7,090,846	$	7,106,685	$	3,304,287
Total Impaired Loans/Leases:
C&I	$	5,286,482	$	5,401,757	$	2,592,270
CRE
Owner-Occupied CRE		256,761		350,535		-
Commercial Construction, Land Development, and Other Land		193,804		434,622		76,934
Other Non Owner-Occupied CRE		1,578,470		1,578,470		-
Direct Financing Leases		1,701,341		1,701,341		306,193
Residential Real Estate		1,418,787		1,454,365		185,801
Installment and Other Consumer		587,742		587,742		143,089
	$	11,023,387	$	11,508,832	$	3,304,287

Financing Receivable Credit Quality Indicators [Table Text Block]

	As of June 30, 2016
			CRE
					Non Owner-Occupied
Internally Assigned Risk Rating	C&I		Owner-Occupied CRE		Commercial Construction, Land Development, and Other Land		Other CRE		Total		As a % of Total
Pass (Ratings 1 through 5)	$	678,225,838	$	247,914,237	$	44,672,408	$	458,961,143	$	1,429,773,626		95.92	%
Special Mention (Rating 6)		6,381,586		2,114,505		1,780,000		5,954,788		16,230,879		1.09	%
Substandard (Rating 7)		21,653,762		8,659,703		2,496,417		11,825,908		44,635,790		2.99	%
Doubtful (Rating 8)		-		-		-		-		-		-
	$	706,261,186	$	258,688,445	$	48,948,825	$	476,741,839	$	1,490,640,295		100.00	%

	As of December 31, 2015
			CRE
					Non Owner-Occupied
Internally Assigned Risk Rating	C&I		Owner-Occupied CRE		Commercial Construction, Land Development, and Other Land		Other CRE		Total		As a % of Total
Pass (Ratings 1 through 5)	$	616,200,797	$	238,119,608	$	46,929,876	$	406,027,442	$	1,307,277,723		95.24	%
Special Mention (Rating 6)		18,031,845		8,630,658		1,780,000		8,846,286		37,288,789		2.72	%
Substandard (Rating 7)		13,927,250		5,772,898		373,968		7,888,029		27,962,145		2.04	%
Doubtful (Rating 8)		-		-		-		-		-		-
	$	648,159,892	$	252,523,164	$	49,083,844	$	422,761,757	$	1,372,528,657		100.00	%

Financing Receivable Credit Quality Indicators Performance Status [Table Text Block]

	As of June 30, 2016
Delinquency Status *	Direct Financing Leases		Residential Real Estate		Installment and Other Consumer		Total		As a % of Total
Performing	$	167,134,533	$	178,896,991	$	73,210,008	$	419,241,532		98.86	%
Nonperforming		2,792,948		1,585,014		448,164		4,826,126		1.14	%
	$	169,927,481	$	180,482,005	$	73,658,172	$	424,067,658		100.00	%

	As of December 31, 2015
Delinquency Status *	Direct Financing Leases		Residential Real Estate		Installment and Other Consumer		Total		As a % of Total
Performing	$	171,951,421	$	169,013,743	$	73,081,751	$	414,046,915		99.11	%
Nonperforming		1,704,184		1,418,787		587,742		3,710,713		0.89	%
	$	173,655,605	$	170,432,530	$	73,669,493	$	417,757,628		100.00	%

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	For the three months ended June 30, 2016
Classes of Loans/Leases	Number of Loans / Leases		Pre-Modification Recorded Investment		Post-Modification Recorded Investment		Specific Allowance
CONCESSION - Extension of Maturity
C&I		1	$	52,286	$	52,286	$	-
		1	$	52,286	$	52,286	$	-
CONCESSION - Significant Payment Delay
C&I		1	$	62,140	$	62,140	$	-
Direct Financing Leases		4		494,692		494,692		-
		5	$	556,832	$	556,832	$	-
CONCESSION - Interest Rate Adjusted Below Market
CRE - Other		1	$	1,233,740	$	1,233,740	$	-
		1	$	1,233,740	$	1,233,740	$	-
TOTAL		7	$	1,842,858	$	1,842,858	$	-

	For the six months ended June 30, 2016
Classes of Loans/Leases	Number of Loans / Leases		Pre-Modification Recorded Investment		Post-Modification Recorded Investment		Specific Allowance
CONCESSION - Extension of Maturity
C&I		1	$	52,286	$	52,286	$	-
Direct Financing Leases		4		410,653		410,653		-
		5	$	462,939	$	462,939	$	-
CONCESSION - Significant Payment Delay
C&I		1	$	62,140	$	62,140	$	-
Direct Financing Leases		5		540,631		540,631		-
		6	$	602,771	$	602,771	$	-
CONCESSION - Interest Rate Adjusted Below Market
CRE - Other		1	$	1,233,740	$	1,233,740	$	-
		1	$	1,233,740	$	1,233,740	$	-
TOTAL		12	$	2,299,450	$	2,299,450	$	-