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Note 13 - Federal and State Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Alternative minimum tax credits $ 6,513,502 $ 5,475,062
New markets tax credits 1,797,587 2,700,000
Net unrealized losses on securities available for sale and derivative instruments 1,470,759 1,268,068
Compensation 8,737,976 8,687,856
Loan/lease losses 10,479,227 8,802,271
Net operating loss carryforwards, federal and state 1,879,746 2,069,093
Other 247,594 452,854
31,126,391 29,455,204
Premises and equipment 4,899,107 1,173,966
Equipment financing leases 22,050,540 25,059,159
Acquisition fair value adjustments 1,336,338 1,755,874
Investment accretion 46,581 44,462
Deferred loan origination fees, net 261,915 137,461
Other 456,219 678,227
29,050,700 28,849,149
Net deferred tax asset $ 2,075,691 $ 606,055