Note 9 - Acquisition of Community State Bank and Common Stock Offering (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

	As of
	August 31, 2016
ASSETS
Cash and due from banks	$	10,094,645
Federal funds sold		698,000
Interest-bearing deposits at financial institutions		14,730,157
Securities		102,640,029
Loans/leases receivable, net		419,029,277
Premises and equipment		20,684,880
Core deposit intangible		6,352,653
Restricted investment securities		1,512,900
Other real estate owned		650,000
Other assets		4,763,224
Total assets acquired	$	581,155,765
LIABILITIES
Deposits	$	486,298,262
FHLB advances		20,368,877
Other liabilities		4,897,564
Total liabilities assumed	$	511,564,703
Net assets acquired	$	69,591,062
CONSIDERATION PAID:
Cash	$	80,000,000
Total consideration paid	$	80,000,000
Goodwill	$	10,408,938

Business Combination, Purchased Loans as of The Acquisition Date [Table Text Block]

	PCI			Performing
	Loans			Loans			Total
Contractually required principal payments	$	3,662,431		$	428,552,119		$	432,214,550
Nonaccretable discount		(991,685	)		-			(991,685	)
Principal cash flows expected to be collected	$	2,670,746		$	428,552,119		$	431,222,865
Accretable discount		(277,579	)		(11,916,009	)		(12,193,588	)
Fair Value of acquired loans	$	2,393,167		$	416,636,110		$	419,029,277

Certain Loans Acquired in Transfer Accounted for as Debt Securities Accretable Yield Movement Schedule [Table Text Block]

	PCI			Performing
	Loans			Loans			Total
Balance at the beginning of the period		(277,579	)		(11,916,009	)		(12,193,588	)
Accretion recognized		29,317			366,293			395,610
Balance at the end of the period	$	(248,262	)	$	(11,549,716	)	$	(11,797,978	)

Core Deposit [Table Text Block]

	September 30, 2016
Balance at the beginning of the period	$	6,352,653
Amortization expense		(60,834	)
Balance at the end of the period	$	6,291,819
Gross carrying amount	$	6,352,653
Accumulated amortization		(60,834	)
Net book value	$	6,291,819

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Years ending December 31,	Amount
2016	$	182,503
2017		723,955
2018		710,751
2019		694,374
2020		674,819
Thereafter		3,305,417
	$	6,291,819

Business Acquisition, Pro Forma Information [Table Text Block]

	Three months ended				Nine months ended
	September 30,				September 30,
	2016		2015		2016		2015
	(in thousands, except for per share data)
Interest income	$	27,615	$	25,685	$	80,755	$	73,051
Noninterest income	$	11,415	$	8,074	$	27,744	$	23,167
Net income	$	7,301	$	8,216	$	23,813	$	15,324
Earnings per common share:
Basic	$	0.56	$	0.64	$	1.85	$	1.38
Diluted	$	0.55	$	0.63	$	1.82	$	1.36