Note 3 - Loans Leases Receivable (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

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

	As of September 30,			As of December 31,
	2016			2015
C&I loans	$	804,307,562		$	648,159,892
CRE loans
Owner-occupied CRE		317,899,011			252,523,164
Commercial construction, land development, and other land		160,527,094			49,083,844
Other non owner-occupied CRE		591,878,656			422,761,757
		1,070,304,761			724,368,765
Direct financing leases *		166,924,077			173,655,605
Residential real estate loans **		229,080,600			170,432,530
Installment and other consumer loans		81,917,732			73,669,493
		2,352,534,732			1,790,286,285
Plus deferred loan/lease origination costs, net of fees		8,065,780			7,736,390
		2,360,600,512			1,798,022,675
Less allowance		(28,826,835	)		(26,140,906	)
	$	2,331,773,677		$	1,771,881,769
* Direct financing leases:
Net minimum lease payments to be received	$	186,183,516		$	195,476,230
Estimated unguaranteed residual values of leased assets		1,085,154			1,165,706
Unearned lease/residual income		(20,344,593	)		(22,986,331	)
		166,924,077			173,655,605
Plus deferred lease origination costs, net of fees		6,018,484			6,594,582
		172,942,561			180,250,187
Less allowance		(3,041,962	)		(3,395,088	)
	$	169,900,599		$	176,855,099

Past Due Financing Receivables [Table Text Block]

	As of September 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	$	796,943,072		$	358,503		$	232,297		$	266,485		$	6,507,205		$	804,307,562
CRE
Owner-Occupied CRE		316,299,798			-			-			-			1,599,213			317,899,011
Commercial Construction, Land Development, and Other Land		160,034,828			-			-			-			492,266			160,527,094
Other Non Owner-Occupied CRE		585,545,037			4,617,055			-			-			1,716,564			591,878,656
Direct Financing Leases		162,556,659			1,180,356			998,896			-			2,188,166			166,924,077
Residential Real Estate		227,061,212			122,744			114,638			104,789			1,677,217			229,080,600
Installment and Other Consumer		81,576,782			89,104			41,332			20,492			190,022			81,917,732
	$	2,330,017,388		$	6,367,762		$	1,387,163		$	391,766		$	14,370,653		$	2,352,534,732
As a percentage of total loan/lease portfolio		99.05	%		0.27	%		0.06	%		0.02	%		0.61	%		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 September 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	$	266,485	$	6,507,205	$	170,113	$	6,943,803		41.86	%
CRE
Owner-Occupied CRE		-		1,599,213		-		1,599,213		9.64	%
Commercial Construction, Land Development, and Other Land		-		492,266		-		492,266		2.97	%
Other Non Owner-Occupied CRE		-		1,716,564		-		1,716,564		10.35	%
Direct Financing Leases		-		2,188,166		1,138,335		3,326,501		20.05	%
Residential Real Estate		104,789		1,677,217		390,039		2,172,045		13.09	%
Installment and Other Consumer		20,492		190,022		126,998		337,512		2.03	%
	$	391,766	$	14,370,653	$	1,825,485	$	16,587,904		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 September 30, 2016
	C&I			CRE		Direct Financing Leases			Residential Real Estate			Installment and Other Consumer			Total
Balance, beginning	$	10,724,506		$	10,987,062	$	3,226,194		$	2,014,987		$	1,144,741		$	28,097,490
Provisions charged to expense		859,031			8,962		641,435			79,221			19,337			1,607,986
Loans/leases charged off		(96,330	)		-		(847,668	)		(38,554	)		(4,530	)		(987,082	)
Recoveries on loans/leases previously charged off		70,759			6,500		22,001			-			9,181			108,441
Balance, ending	$	11,557,966		$	11,002,524	$	3,041,962		$	2,055,654		$	1,168,729		$	28,826,835

	Three Months Ended September 30, 2015
	C&I			CRE			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

	Nine Months Ended September 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		1,357,262			1,644,008			1,580,677			336,865			(39,991	)		4,878,821
Loans/leases charged off		(388,879	)		(23,101	)		(1,983,322	)		(72,261	)		(22,018	)		(2,489,581	)
Recoveries on loans/leases previously charged off		105,503			6,500			49,519			900			134,267			296,689
Balance, ending	$	11,557,966		$	11,002,524		$	3,041,962		$	2,055,654		$	1,168,729		$	28,826,835

	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

	As of September 30, 2016
	C&I			CRE			Direct Financing Leases			Residential Real Estate			Installment and Other Consumer			Total
Allowance for impaired loans/leases	$	1,114,680		$	175,743		$	739,207		$	169,147		$	148,320		$	2,347,097
Allowance for nonimpaired loans/leases		10,443,286			10,826,781			2,302,755			1,886,507			1,020,409			26,479,738
	$	11,557,966		$	11,002,524		$	3,041,962		$	2,055,654		$	1,168,729		$	28,826,835
Impaired loans/leases	$	5,874,093		$	3,495,386		$	2,925,205		$	2,230,829		$	368,924		$	14,894,437
Nonimpaired loans/leases		798,433,469			1,066,809,375			163,998,872			226,849,771			81,548,808			2,337,640,295
	$	804,307,562		$	1,070,304,761		$	166,924,077		$	229,080,600		$	81,917,732		$	2,352,534,732
Allowance as a percentage of impaired loans/leases		18.98	%		5.03	%		25.27	%		7.58	%		40.20	%		15.76	%
Allowance as a percentage of nonimpaired loans/leases		1.31	%		1.01	%		1.40	%		0.83	%		1.25	%		1.13	%
Total allowance as a percentage of total loans/leases		1.44	%		1.03	%		1.82	%		0.90	%		1.43	%		1.22	%

	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	$	1,846,140	$	1,987,082	$	-	$	3,864,852	$	8,644	$	8,644
CRE
Owner-Occupied CRE		767,032		860,806		-		621,553		-		-
Commercial Construction, Land Development, and Other Land		-		-		-		-		-		-
Other Non Owner-Occupied CRE		2,042,391		2,042,391		-		1,789,571		-		-
Direct Financing Leases		1,860,773		1,860,773		-		1,755,969		52,595		52,595
Residential Real Estate		1,418,957		1,458,158		-		1,455,159		2,992		2,992
Installment and Other Consumer		208,916		208,916		-		430,322		-		-
	$	8,144,209	$	8,418,126	$	-	$	9,917,426	$	64,231	$	64,231
Impaired Loans/Leases with Specific Allowance Recorded:
C&I	$	4,027,953	$	4,031,792	$	1,114,680	$	2,195,524	$	-	$	-
CRE
Owner-Occupied CRE		322,148		322,148		57,398		401,050		-		-
Commercial Construction, Land Development, and Other Land		186,681		186,681		77,611		190,208		-		-
Other Non Owner-Occupied CRE		177,134		177,134		40,734		67,571		-		-
Direct Financing Leases		1,064,432		1,064,432		739,207		653,884		-		-
Residential Real Estate		811,872		886,004		169,147		799,427		5,409		5,409
Installment and Other Consumer		160,008		160,008		148,320		145,962		4,426		4,426
	$	6,750,228	$	6,828,199	$	2,347,097	$	4,453,626	$	9,835	$	9,835
Total Impaired Loans/Leases:
C&I	$	5,874,093	$	6,018,874	$	1,114,680	$	6,060,376	$	8,644	$	8,644
CRE
Owner-Occupied CRE		1,089,180		1,182,954		57,398		1,022,603		-		-
Commercial Construction, Land Development, and Other Land		186,681		186,681		77,611		190,208		-		-
Other Non Owner-Occupied CRE		2,219,525		2,219,525		40,734		1,857,142		-		-
Direct Financing Leases		2,925,205		2,925,205		739,207		2,409,853		52,595		52,595
Residential Real Estate		2,230,829		2,344,162		169,147		2,254,586		8,401		8,401
Installment and Other Consumer		368,924		368,924		148,320		576,284		4,426		4,426
	$	14,894,437	$	15,246,325	$	2,347,097	$	14,371,052	$	74,066	$	74,066

	Three Months Ended September 30, 2016						Three Months Ended September 30, 2015
Classes of Loans/Leases	Averag e 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	$	1,677,527	$	3,301	$	3,301	$	365,798	$	1,870	$	1,870
CRE
Owner-Occupied CRE		767,032		-		-		451,851		-		-
Commercial Construction, Land Development, and Other Land		-		-		-		9,968		-		-
Other Non Owner-Occupied CRE		1,969,034		-		-		2,868,950		-		-
Direct Financing Leases		2,008,095		21,095		21,095		634,378		325		325
Residential Real Estate		1,481,340		941		941		900,938		1,362		1,362
Installment and Other Consumer		322,738		-		-		328,669		3,912		3,912
	$	8,225,766	$	25,337	$	25,337	$	5,560,552	$	7,469	$	7,469
Impaired Loans/Leases with Specific Allowance Recorded:
C&I	$	4,188,621	$	-	$	-	$	4,735,149	$	-	$	-
CRE
Owner-Occupied CRE		363,911		-		-		-		-		-
Commercial Construction, Land Development, and Other Land		187,831		-		-		335,707		-		-
Other Non Owner-Occupied CRE		135,141		-		-		-		-		-
Direct Financing Leases		793,769		-		-		488,860		-		-
Residential Real Estate		807,827		1,503		1,503		984,558		1,981		1,981
Installment and Other Consumer		160,301		1,458		1,458		723,674		1,391		1,391
	$	6,637,401	$	2,961	$	2,961	$	7,267,948	$	3,372	$	3,372
Total Impaired Loans/Leases:
C&I	$	5,866,148	$	3,301	$	3,301	$	5,100,947	$	1,870	$	1,870
CRE
Owner-Occupied CRE		1,130,943		-		-		451,851		-		-
Commercial Construction, Land Development, and Other Land		187,831		-		-		345,675		-		-
Other Non Owner-Occupied CRE		2,104,175		-		-		2,868,950		-		-
Direct Financing Leases		2,801,864		21,095		21,095		1,123,238		325		325
Residential Real Estate		2,289,167		2,444		2,444		1,885,496		3,343		3,343
Installment and Other Consumer		483,039		1,458		1,458		1,052,343		5,303		5,303
	$	14,863,167	$	28,298	$	28,298	$	12,828,500	$	10,841	$	10,841

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 September 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)	$	770,822,390	$	307,017,431	$	153,401,738	$	572,769,744	$	1,804,011,303		96.24	%
Special Mention (Rating 6)		10,160,760		1,737,127		1,780,000		5,894,259		19,572,146		1.04	%
Substandard (Rating 7)		23,324,412		9,144,453		5,345,356		13,214,653		51,028,874		2.72	%
Doubtful (Rating 8)		-		-		-		-		-		-
	$	804,307,562	$	317,899,011	$	160,527,094	$	591,878,656	$	1,874,612,323		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 September 30, 2016
Delinquency Status *	Direct Financing Leases		Residential Real Estate		Installment and Other Consumer		Total		As a % of Total
Performing	$	163,597,576	$	226,908,556	$	81,580,220	$	472,086,352		98.78	%
Nonperforming		3,326,501		2,172,044		337,512		5,836,057		1.22	%
	$	166,924,077	$	229,080,600	$	81,917,732	$	477,922,409		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 September 30, 2016								For the three months ended September 30, 2015
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
Direct Financing Leases		2	$	461,643	$	461,643	$	-					$	-	$	-
		2	$	461,643	$	461,643	$	-		-	$	-	$	-	$	-
CONCESSION - Interest Rate Adjusted Below Market
Installment and Other Consumer		-	$	-	$	-	$	-		1	$	14,203	$	14,203	$	-
		-	$	-	$	-	$	-		1	$	14,203	$	14,203	$	-
TOTAL		2	$	461,643	$	461,643	$	-		1	$	14,203	$	14,203	$	-

	For the nine months ended September 30, 2016								For the nine months ended September 30, 2015
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 - 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		6		771,672		771,672		-		-		-		-		-
		7	$	833,812	$	833,812	$	-		-	$	-	$	-	$	-
CONCESSION - Interest Rate Adjusted Below Market
CRE - Other		1	$	1,233,740	$	1,233,740	$	-		-	$	-	$	-	$	-
Installment and Other Consumer		-		-		-		-		1		14,203		14,203		-
		1	$	1,233,740	$	1,233,740	$	-		1	$	14,203	$	14,203	$	-
TOTAL		13	$	2,530,491	$	2,530,491	$	-		1	$	14,203	$	14,203	$	-