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Note 3 - Loans Leases Receivable - Allowance for Estimated Losses on Loans Leases (Details) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Dec. 31, 2016
Balance $ 30,757,448 $ 26,140,906    
Provisions (credits) charged to expense 2,105,109 2,072,985    
Loans/leases charged off (892,626) (868,284)    
Recoveries on loans/leases previously charged off 89,219 49,835    
Balance 32,059,150 27,395,442    
Allowance for impaired loans/leases     $ 3,748,557 $ 3,642,968
Allowance for nonimpaired loans/leases     28,310,593 27,114,480
Less allowance for estimated losses on loans/leases 32,059,150 26,140,906 32,059,150 30,757,448
Impaired loans/leases     20,200,084 20,072,099
Nonimpaired loans/leases     2,407,685,155 2,377,342,183
Loans     $ 2,427,885,239 $ 2,397,414,282
Allowance as a percentage of impaired loans/leases     18.56% 18.15%
Allowance as a percentage of nonimpaired loans/leases     1.18% 1.14%
Total allowance as a percentage of total loans/leases     1.31% 1.28%
Commercial Portfolio Segment [Member]        
Balance 12,545,110 10,484,080    
Provisions (credits) charged to expense 593,359 739,831    
Loans/leases charged off (218,273) (243,566)    
Recoveries on loans/leases previously charged off 33,894 11,634    
Balance 12,954,090 10,991,979    
Allowance for impaired loans/leases     $ 1,751,774 $ 1,771,537
Allowance for nonimpaired loans/leases     11,202,316 10,773,573
Less allowance for estimated losses on loans/leases 12,545,110 10,484,080 12,954,090 12,545,110
Impaired loans/leases     9,188,454 8,936,451
Nonimpaired loans/leases     842,389,893 818,700,812
Loans     $ 851,578,347 $ 827,637,263
Allowance as a percentage of impaired loans/leases     19.06% 19.82%
Allowance as a percentage of nonimpaired loans/leases     1.33% 1.32%
Total allowance as a percentage of total loans/leases     1.52% 1.52%
Commercial Real Estate Portfolio Segment [Member]        
Balance 11,670,609 9,375,117    
Provisions (credits) charged to expense 966,271 715,450    
Loans/leases charged off    
Recoveries on loans/leases previously charged off 6,386    
Balance 12,643,266 10,090,567    
Allowance for impaired loans/leases     $ 888,445 $ 693,919
Allowance for nonimpaired loans/leases     11,754,821 10,976,690
Less allowance for estimated losses on loans/leases 11,670,609 9,375,117 12,643,266 11,670,609
Impaired loans/leases     5,924,061 6,112,114
Nonimpaired loans/leases     1,100,917,660 1,087,346,746
Loans     $ 1,106,841,721 $ 1,093,458,860
Allowance as a percentage of impaired loans/leases     15.00% 11.35%
Allowance as a percentage of nonimpaired loans/leases     1.07% 1.01%
Total allowance as a percentage of total loans/leases     1.14% 1.07%
Finance Leases Portfolio Segment [Member]        
Balance 3,111,898 [1] 3,395,088    
Provisions (credits) charged to expense 505,015 478,245    
Loans/leases charged off (658,684) (600,938)    
Recoveries on loans/leases previously charged off 20,031 14,836    
Balance 2,978,260 [1] 3,287,231    
Allowance for impaired loans/leases     $ 795,840 $ 848,919
Allowance for nonimpaired loans/leases     2,182,420 2,262,979
Less allowance for estimated losses on loans/leases 2,978,260 [1] 3,395,088 2,978,260 [1] 3,111,898 [1]
Impaired loans/leases     3,082,068 3,256,264
Nonimpaired loans/leases     156,286,357 162,163,096
Loans [1],[2]     $ 159,368,425 $ 165,419,360
Allowance as a percentage of impaired loans/leases     25.82% 26.07%
Allowance as a percentage of nonimpaired loans/leases     1.40% 1.40%
Total allowance as a percentage of total loans/leases     1.87% 1.88%
Residential Portfolio Segment [Member]        
Balance 2,342,344 1,790,150    
Provisions (credits) charged to expense 43,520 62,656    
Loans/leases charged off (13,623) (16,184)    
Recoveries on loans/leases previously charged off 3,623    
Balance 2,375,864 1,836,622    
Allowance for impaired loans/leases     $ 274,566 $ 289,112
Allowance for nonimpaired loans/leases     2,101,298 2,053,232
Less allowance for estimated losses on loans/leases 2,342,344 1,790,150 2,375,864 2,342,344
Impaired loans/leases     1,780,774 1,661,180
Nonimpaired loans/leases     229,545,125 227,571,924
Loans [2],[3]     $ 231,325,899 $ 229,233,104
Allowance as a percentage of impaired loans/leases     15.42% 17.40%
Allowance as a percentage of nonimpaired loans/leases     0.92% 0.90%
Total allowance as a percentage of total loans/leases     1.03% 1.02%
Consumer Portfolio Segment [Member]        
Balance 1,087,487 1,096,471    
Provisions (credits) charged to expense (3,056) 76,803    
Loans/leases charged off (2,046) (7,596)    
Recoveries on loans/leases previously charged off 25,285 23,365    
Balance 1,107,670 1,189,043    
Allowance for impaired loans/leases     $ 37,932 $ 39,481
Allowance for nonimpaired loans/leases     1,069,738 1,048,006
Less allowance for estimated losses on loans/leases $ 1,087,487 $ 1,096,471 1,107,670 1,087,487
Impaired loans/leases     224,727 106,090
Nonimpaired loans/leases     78,546,120 81,559,605
Loans [2]     $ 78,770,847 $ 81,665,695
Allowance as a percentage of impaired loans/leases     16.88% 37.21%
Allowance as a percentage of nonimpaired loans/leases     1.36% 1.28%
Total allowance as a percentage of total loans/leases     1.41% 1.33%
[1] Management performs an evaluation of the estimated unguaranteed residual values of leased assets on an annual basis, at a minimum. The evaluation consists of discussions with reputable and current vendors, which is combined with management's expertise and understanding of the current states of particular industries to determine informal valuations of the equipment. As necessary and where available, management will utilize valuations by independent appraisers. The large majority of leases with residual values contain a lease options rider, which requires the lessee to pay the residual value directly, finance the payment of the residual value, or extend the lease term to pay the residual value. In these cases, the residual value is protected and the risk of loss is minimal. There were no losses related to residual values for the three months ended March 31, 2017 and 2016.
[2] Performing = loans/leases accruing and less than 90 days past due. Nonperforming = loans/leases on nonaccrual, accruing loans/leases that are greater than or equal to 90 days past due, and accruing TDRs.
[3] Includes residential real estate loans held for sale totaling $1,051,000 and $1,135,500 as of March 31, 2017, and December 31, 2016, respectively.