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Note 2 - Investment Securities (Tables)
6 Months Ended
Jun. 30, 2017
Notes Tables  
Unrealized Gain (Loss) on Investments [Table Text Block]
           
Gross
   
Gross
         
   
Amortized
   
Unrealized
   
Unrealized
   
Fair
 
   
Cost
   
Gains
   
(Losses)
   
Value
 
June 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities HTM:
                               
Municipal securities
  $
323,153,634
    $
2,027,969
    $
(3,242,226
)   $
321,939,377
 
Other securities
   
1,050,000
     
-
     
-
     
1,050,000
 
    $
324,203,634
    $
2,027,969
    $
(3,242,226
)   $
322,989,377
 
                                 
Securities AFS:
                               
U.S. govt. sponsored agency securities
  $
42,037,160
    $
96,651
    $
(189,347
)   $
41,944,464
 
Residential mortgage-backed and related securities
   
166,063,973
     
245,551
     
(1,894,691
)    
164,414,833
 
Municipal securities
   
57,881,338
     
471,713
     
(252,541
)    
58,100,510
 
Other securities
   
4,065,468
     
778,988
     
(22,550
)    
4,821,906
 
    $
270,047,939
    $
1,592,903
    $
(2,359,129
)   $
269,281,713
 
                                 
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
 
June 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities HTM:
                                               
Municipal securities
  $
64,001,034
    $
(1,792,524
)   $
30,641,106
    $
(1,449,702
)   $
94,642,140
    $
(3,242,226
)
                                                 
Securities AFS:
                                               
U.S. govt. sponsored agency securities
  $
27,793,290
    $
(184,702
)   $
4,775,235
    $
(4,645
)   $
32,568,525
    $
(189,347
)
Residential mortgage-backed and related securities
   
129,347,074
     
(1,614,041
)    
8,839,471
     
(280,650
)    
138,186,545
     
(1,894,691
)
Municipal securities
   
25,578,044
     
(234,044
)    
336,441
     
(18,497
)    
25,914,485
     
(252,541
)
Other securities
   
926,800
     
(22,550
)    
-
     
-
     
926,800
     
(22,550
)
    $
183,645,208
    $
(2,055,337
)   $
13,951,147
    $
(303,792
)   $
197,596,355
    $
(2,359,129
)
                                                 
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
   
Six Months Ended
 
   
June 30, 2017
   
June 30, 2016
   
June 30, 2017
   
June 30, 2016
 
                                 
Proceeds from sales of securities
  $
13,554,075
    $
5,548,294
    $
13,554,075
    $
61,075,145
 
Pre-tax gross gains from sales of securities
   
59,568
     
18,030
     
59,568
     
533,545
 
Pre-tax gross losses from sales of securities
   
(21,104
)    
-
     
(21,104
)    
(157,035
)
Investments Classified by Contractual Maturity Date [Table Text Block]
   
Amortized Cost
   
Fair Value
 
Securities HTM:
               
Due in one year or less
  $
7,479,990
    $
7,478,528
 
Due after one year through five years
   
18,040,753
     
18,137,483
 
Due after five years
   
298,682,891
     
297,373,366
 
    $
324,203,634
    $
322,989,377
 
                 
Securities AFS:
               
Due in one year or less
  $
3,498,188
    $
3,504,089
 
Due after one year through five years
   
31,550,278
     
31,700,139
 
Due after five years
   
64,870,032
     
64,840,746
 
    $
99,918,498
    $
100,044,974
 
Residential mortgage-backed and related securities
   
166,063,973
     
164,414,833
 
Other securities
   
4,065,468
     
4,821,906
 
    $
270,047,939
    $
269,281,713
 
   
Amortized Cost
   
Fair Value
 
Securities HTM:
               
Municipal securities
  $
170,556,294
    $
170,715,228
 
                 
Securities AFS:
               
U.S. govt. sponsored agency securities
   
5,048,597
     
5,040,134
 
Municipal securities
   
41,135,349
     
41,095,251
 
    $
46,183,946
    $
46,135,385
 
Schedule of Investment in Bond Securities [Table Text Block]
June 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. State:
 
Number of
Issuers
   
Amortized Cost
   
Fair Value
   
Average
Exposure Per
Issuer
(Fair Value)
 
                                 
Iowa
   
26
    $
31,131,484
    $
31,242,925
    $
1,201,651
 
North Dakota
   
7
     
21,619,812
     
21,514,855
     
3,073,551
 
Illinois
   
19
     
14,872,773
     
15,051,806
     
792,200
 
Missouri
   
16
     
9,078,540
     
9,123,733
     
570,233
 
Ohio
   
10
     
8,716,542
     
8,588,019
     
858,802
 
Texas
   
8
     
5,347,075
     
5,336,188
     
667,024
 
Other
   
38
     
16,886,554
     
16,997,159
     
447,294
 
Total general obligation bonds
   
124
    $
107,652,780
    $
107,854,685
    $
869,796
 
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
 
June 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. State:
 
Number of
Issuers
   
Amortized Cost
   
Fair Value
   
Average
Exposure
Per
Issuer
(Fair Value)
 
                                 
Missouri
   
54
    $
107,360,504
    $
106,983,845
    $
1,981,182
 
Iowa
   
27
     
57,862,675
     
57,834,419
     
2,142,016
 
Indiana
   
21
     
50,114,290
     
49,578,767
     
2,360,894
 
Ohio
   
5
     
19,691,358
     
19,493,348
     
3,898,670
 
Kansas
   
6
     
13,178,963
     
13,179,104
     
2,196,517
 
North Dakota
   
5
     
11,729,782
     
11,676,766
     
2,335,353
 
Other
   
8
     
13,444,620
     
13,438,953
     
1,679,869
 
Total revenue bonds
   
126
    $
273,382,192
    $
272,185,202
    $
2,160,200
 
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