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Note 2 - Investment Securities (Tables)
3 Months Ended
Mar. 31, 2017
Notes Tables  
Unrealized Gain (Loss) on Investments [Table Text Block]
           
Gross
   
Gross
         
   
Amortized
   
Unrealized
   
Unrealized
   
Fair
 
   
Cost
   
Gains
   
(Losses)
   
Value
 
March 31, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities HTM:
                               
Municipal securities
  $
305,644,063
    $
2,193,278
    $
(4,690,335
)   $
303,147,006
 
Other securities
   
1,050,000
     
-
     
-
     
1,050,000
 
    $
306,694,063
    $
2,193,278
    $
(4,690,335
)   $
304,197,006
 
                                 
Securities AFS:
                               
U.S. govt. sponsored agency securities
  $
47,720,622
    $
130,306
    $
(294,847
)   $
47,556,081
 
Residential mortgage-backed and related securities
   
149,968,905
     
160,174
     
(2,625,092
)    
147,503,987
 
Municipal securities
   
51,104,318
     
454,505
     
(426,949
)    
51,131,874
 
Other securities
   
4,056,248
     
760,936
     
(57,105
)    
4,760,079
 
    $
252,850,093
    $
1,505,921
    $
(3,403,993
)   $
250,952,021
 
                                 
December 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities HTM:
                               
Municipal securities
  $
321,859,056
    $
2,200,577
    $
(4,694,734
)   $
319,364,899
 
Other securities
   
1,050,000
     
-
     
-
     
1,050,000
 
    $
322,909,056
    $
2,200,577
    $
(4,694,734
)   $
320,414,899
 
                                 
Securities AFS:
                               
U.S. govt. sponsored agency securities
  $
46,281,306
    $
132,886
    $
(330,585
)   $
46,083,607
 
Residential mortgage-backed and related securities
   
150,465,222
     
174,993
     
(2,938,088
)    
147,702,127
 
Municipal securities
   
52,816,541
     
425,801
     
(637,916
)    
52,604,426
 
Other securities
   
4,046,332
     
703,978
     
(27,331
)    
4,722,979
 
    $
253,609,401
    $
1,437,658
    $
(3,933,920
)   $
251,113,139
 
Schedule of Unrealized Loss on Investments [Table Text Block]
   
Less than 12 Months
   
12 Months or More
   
Total
 
           
Gross
           
Gross
           
Gross
 
   
Fair
   
Unrealized
   
Fair
   
Unrealized
   
Fair
   
Unrealized
 
   
Value
   
Losses
   
Value
   
Losses
   
Value
   
Losses
 
March 31, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities HTM:
                                               
Municipal securities
  $
110,858,743
    $
(3,751,123
)   $
15,350,772
    $
(939,212
)   $
126,209,515
    $
(4,690,335
)
                                                 
Securities AFS:
                                               
U.S. govt. sponsored agency securities
  $
18,742,054
    $
(230,974
)   $
5,115,200
    $
(63,873
)   $
23,857,254
    $
(294,847
)
Residential mortgage-backed and related securities
   
124,401,508
     
(2,266,050
)    
9,181,284
     
(359,042
)    
133,582,792
     
(2,625,092
)
Municipal securities
   
29,386,855
     
(408,233
)    
337,522
     
(18,716
)    
29,724,377
     
(426,949
)
Other securities
   
2,901,563
     
(57,105
)    
-
     
-
     
2,901,563
     
(57,105
)
    $
175,431,980
    $
(2,962,362
)   $
14,634,006
    $
(441,631
)   $
190,065,986
    $
(3,403,993
)
                                                 
December 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities HTM:
                                               
Municipal securities
  $
122,271,533
    $
(4,076,647
)   $
13,010,803
    $
(618,087
)   $
135,282,336
    $
(4,694,734
)
                                                 
Securities AFS:
                                               
U.S. govt. sponsored agency securities
  $
21,788,139
    $
(257,640
)   $
5,499,012
    $
(72,945
)   $
27,287,151
    $
(330,585
)
Residential mortgage-backed and related securities
   
121,506,582
     
(2,641,664
)    
7,437,615
     
(296,424
)    
128,944,197
     
(2,938,088
)
Municipal securities
   
34,152,822
     
(618,462
)    
338,099
     
(19,454
)    
34,490,921
     
(637,916
)
Other securities
   
3,177,414
     
(27,331
)    
-
     
-
     
3,177,414
     
(27,331
)
    $
180,624,957
    $
(3,545,097
)   $
13,274,726
    $
(388,823
)   $
193,899,683
    $
(3,933,920
)
Realized Gain (Loss) on Investments [Table Text Block]
   
Three Months Ended
 
   
March 31, 2016
 
         
Proceeds from sales of securities
  $
55,526,851
 
Pre-tax gross gains from sales of securities
   
515,515
 
Pre-tax gross losses from sales of securities
   
(157,035
)
Investments Classified by Contractual Maturity Date [Table Text Block]
   
Amortized Cost
   
Fair Value
 
Securities HTM:
               
Due in one year or less
  $
8,580,563
    $
8,580,930
 
Due after one year through five years
   
16,946,533
     
17,027,273
 
Due after five years
   
281,166,967
     
278,588,803
 
    $
306,694,063
    $
304,197,006
 
                 
Securities AFS:
               
Due in one year or less
  $
3,228,439
    $
3,240,004
 
Due after one year through five years
   
43,980,525
     
44,165,961
 
Due after five years
   
51,615,976
     
51,281,990
 
    $
98,824,940
    $
98,687,955
 
Residential mortgage-backed and related securities
   
149,968,905
     
147,503,987
 
Other securities
   
4,056,248
     
4,760,079
 
    $
252,850,093
    $
250,952,021
 
   
Amortized Cost
   
Fair Value
 
Securities HTM:
               
Municipal securities
  $
163,299,673
    $
161,458,045
 
                 
Securities AFS:
               
U.S. govt. sponsored agency securities
   
5,048,496
     
5,059,493
 
Municipal securities
   
39,611,651
     
39,404,492
 
    $
44,660,147
    $
44,463,985
 
Schedule of Investment in Bond Securities [Table Text Block]
March 31, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. State:
 
Number of
Issuers
   
Amortized Cost
   
Fair Value
   
Average
Exposure
Per Issuer
(Fair Value)
 
                                 
Iowa
   
27
    $
32,227,250
    $
32,252,723
    $
1,194,545
 
North Dakota
   
7
     
22,169,480
     
21,572,627
     
3,081,804
 
Illinois
   
17
     
12,915,605
     
13,060,349
     
768,256
 
Missouri
   
15
     
8,060,239
     
8,097,352
     
539,823
 
Ohio
   
8
     
6,785,433
     
6,635,402
     
829,425
 
Other
   
38
     
17,657,322
     
17,700,070
     
465,791
 
Total general obligation bonds
   
112
    $
99,815,329
    $
99,318,523
    $
886,773
 
December 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. State:
 
Number of
Issuers
   
Amortized Cost
   
Fair Value
   
Average
Exposure
Per Issuer
(Fair Value)
 
                                 
Iowa
   
27
    $
32,258,612
    $
32,231,936
    $
1,193,775
 
Illinois
   
19
     
29,214,559
     
29,308,438
     
1,542,549
 
North Dakota
   
7
     
22,169,050
     
21,499,075
     
3,071,296
 
Missouri
   
14
     
8,291,192
     
8,323,245
     
594,518
 
Ohio
   
8
     
6,790,398
     
6,651,897
     
831,487
 
Other
   
41
     
18,481,496
     
18,458,044
     
450,196
 
Total general obligation bonds
   
116
    $
117,205,307
    $
116,472,635
    $
1,004,074
 
March 31, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. State:
 
Number of
Issuers
   
Amortized Cost
   
Fair Value
   
Average
Exposure
Per Issuer
(Fair Value)
 
                                 
Missouri
   
50
    $
92,894,184
    $
91,892,614
    $
1,837,852
 
Iowa
   
31
     
70,400,232
     
70,771,347
     
2,282,947
 
Indiana
   
22
     
46,469,290
     
45,838,852
     
2,083,584
 
Ohio
   
3
     
13,650,000
     
13,380,921
     
4,460,307
 
Kansas
   
6
     
13,260,612
     
13,243,053
     
2,207,176
 
North Dakota
   
4
     
7,992,074
     
7,722,774
     
1,930,694
 
Other
   
7
     
12,266,660
     
12,110,796
     
1,730,114
 
Total revenue bonds
   
123
    $
256,933,052
    $
254,960,357
    $
2,072,848
 
December 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. State:
 
Number of
Issuers
   
Amortized Cost
   
Fair Value
   
Average
Exposure
Per Issuer
(Fair Value)
 
                                 
Missouri
   
47
    $
90,784,441
    $
89,664,013
    $
1,907,745
 
Iowa
   
31
     
70,788,393
     
71,142,393
     
2,294,916
 
Indiana
   
22
     
47,994,737
     
47,582,138
     
2,162,824
 
Kansas
   
6
     
13,476,366
     
13,427,491
     
2,237,915
 
North Dakota
   
4
     
8,089,067
     
7,796,381
     
1,949,095
 
Ohio
   
3
     
13,650,000
     
13,405,222
     
4,468,407
 
Other
   
7
     
12,687,286
     
12,479,052
     
1,782,722
 
Total revenue bonds
   
120
    $
257,470,290
    $
255,496,690
    $
2,129,139