Note 7 - Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

Effective Date	Maturity Date	Balance Sheet Location	Notional Amount		Accounting Treatment	December 31, 2016 Fair Value		December 31, 2015 Fair Value
June 5, 2014	June 5, 2019	Other Assets	$	15,000,000	Cash Flow Hedging	$	179,939	$	321,112
June 5, 2014	June 5, 2021	Other Assets		15,000,000	Cash Flow Hedging		396,588		534,912
			$	30,000,000		$	576,527	$	856,024

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

	Year Ended
	December 31, 2016			December 31, 2015
Unrealized loss at beginning of period, net of tax	$	(799,421	)	$	(399,367	)
Amount reclassified from accumulated other comprehensive income to noninterest income related to hedge ineffectiveness		(76,797	)		(156	)
Amount reclassified from accumulated other comprehensive income to interest expense related to caplet amortization		152,087			16,051
Amount of loss recognized in other comprehensive income, net of tax		(208,025	)		(415,949	)
Unrealized loss at end of period, net of tax	$	(932,156	)	$	(799,421	)