XML 48 R37.htm IDEA: XBRL DOCUMENT v3.7.0.1
Note 3 - Loans Leases Receivable - Allowance for Estimated Losses on Loans Leases (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Dec. 31, 2016
Balance $ 32,059,150 $ 27,395,442 $ 30,757,448 $ 26,140,906    
Provisions (credits) charged to expense 2,022,993 1,197,850 4,128,102 3,270,835    
Loans/leases charged off (851,604) (634,215) (1,744,230) (1,502,499)    
Recoveries on loans/leases previously charged off 126,093 138,413 215,312 188,248    
Balance 33,356,632 28,097,490 33,356,632 28,097,490    
Allowance for nonimpaired loans/leases         $ 30,000,912 $ 27,114,480
Less allowance for estimated losses on loans/leases 33,356,632 27,395,442 33,356,632 28,097,490 33,356,632 30,757,448
Impaired loans/leases         19,905,183 20,072,099
Nonimpaired loans/leases         2,525,793,988 2,377,342,183
Loans         $ 2,545,699,171 $ 2,397,414,282
Allowance as a percentage of impaired loans/leases         16.86% 18.15%
Allowance as a percentage of nonimpaired loans/leases         1.19% 1.14%
Total allowance as a percentage of total loans/leases         1.31% 1.28%
Allowance for impaired loans/leases         $ 3,355,720 $ 3,642,968
Commercial Portfolio Segment [Member]            
Balance 12,954,090 10,991,979 12,545,110 10,484,080    
Provisions (credits) charged to expense 1,281,786 (241,600) 1,875,144 498,231    
Loans/leases charged off (74,071) (48,983) (292,344) (292,549)    
Recoveries on loans/leases previously charged off 45,928 23,110 79,823 34,744    
Balance 14,207,733 10,724,506 14,207,733 10,724,506    
Allowance for nonimpaired loans/leases         12,627,620 10,773,573
Less allowance for estimated losses on loans/leases 12,954,090 10,991,979 14,207,733 10,724,506 14,207,733 12,545,110
Impaired loans/leases         8,985,913 8,936,451
Nonimpaired loans/leases         933,552,506 818,700,812
Loans         $ 942,538,419 $ 827,637,263
Allowance as a percentage of impaired loans/leases         17.58% 19.82%
Allowance as a percentage of nonimpaired loans/leases         1.35% 1.32%
Total allowance as a percentage of total loans/leases         1.51% 1.52%
Allowance for impaired loans/leases         $ 1,580,113 $ 1,771,537
Commercial Real Estate Portfolio Segment [Member]            
Balance 12,643,266 10,090,567 11,670,609 9,375,117    
Provisions (credits) charged to expense 339,857 919,596 1,306,128 1,635,046    
Loans/leases charged off (10,375) (23,101) (10,375) (23,101)    
Recoveries on loans/leases previously charged off 26,485 32,871    
Balance 12,999,233 10,987,062 12,999,233 10,987,062    
Allowance for nonimpaired loans/leases         12,060,783 10,976,690
Less allowance for estimated losses on loans/leases 12,643,266 10,090,567 12,999,233 10,987,062 12,999,233 11,670,609
Impaired loans/leases         5,727,375 6,112,114
Nonimpaired loans/leases         1,126,178,748 1,087,346,746
Loans         $ 1,131,906,123 $ 1,093,458,860
Allowance as a percentage of impaired loans/leases         16.39% 11.35%
Allowance as a percentage of nonimpaired loans/leases         1.07% 1.01%
Total allowance as a percentage of total loans/leases         1.15% 1.07%
Allowance for impaired loans/leases         $ 938,450 $ 693,919
Finance Leases Portfolio Segment [Member]            
Balance 2,978,260 3,287,231 3,111,898 [1] 3,395,088    
Provisions (credits) charged to expense 297,672 460,997 802,687 939,242    
Loans/leases charged off (684,079) (534,716) (1,342,763) (1,135,654)    
Recoveries on loans/leases previously charged off 46,448 12,682 66,479 27,518    
Balance 2,638,301 [1] 3,226,194 2,638,301 [1] 3,226,194    
Allowance for nonimpaired loans/leases         2,087,726 2,262,979
Less allowance for estimated losses on loans/leases 2,638,301 [1] 3,287,231 2,638,301 [1] 3,226,194 2,638,301 [1] 3,111,898 [1]
Impaired loans/leases         3,553,173 3,256,264
Nonimpaired loans/leases         149,783,375 162,163,096
Loans [1],[2]         $ 153,336,548 $ 165,419,360
Allowance as a percentage of impaired loans/leases         15.50% 26.07%
Allowance as a percentage of nonimpaired loans/leases         1.39% 1.40%
Total allowance as a percentage of total loans/leases         1.72% 1.88%
Allowance for impaired loans/leases         $ 550,575 $ 848,919
Residential Portfolio Segment [Member]            
Balance 2,375,864 1,836,622 2,342,344 1,790,150    
Provisions (credits) charged to expense 116,151 194,988 159,671 257,644    
Loans/leases charged off (61,561) (17,523) (75,184) (33,707)    
Recoveries on loans/leases previously charged off 900 3,623 900    
Balance 2,430,454 2,014,987 2,430,454 2,014,987    
Allowance for nonimpaired loans/leases         2,164,237 2,053,232
Less allowance for estimated losses on loans/leases 2,375,864 1,836,622 2,430,454 2,014,987 2,430,454 2,342,344
Impaired loans/leases         1,398,615 1,661,180
Nonimpaired loans/leases         232,472,063 227,571,924
Loans [2],[3]         $ 233,870,678 $ 229,233,104
Allowance as a percentage of impaired loans/leases         19.03% 17.40%
Allowance as a percentage of nonimpaired loans/leases         0.93% 0.90%
Total allowance as a percentage of total loans/leases         1.04% 1.02%
Allowance for impaired loans/leases         $ 266,217 $ 289,112
Consumer Portfolio Segment [Member]            
Balance 1,107,670 1,189,043 1,087,487 1,096,471    
Provisions (credits) charged to expense (12,473) (136,131) (15,528) (59,328)    
Loans/leases charged off (21,518) (9,892) (23,564) (17,488)    
Recoveries on loans/leases previously charged off 7,232 101,721 32,516 125,086    
Balance 1,080,911 1,144,741 1,080,911 1,144,741    
Allowance for nonimpaired loans/leases         1,060,546 1,048,006
Less allowance for estimated losses on loans/leases $ 1,107,670 $ 1,189,043 $ 1,080,911 $ 1,144,741 1,080,911 1,087,487
Impaired loans/leases         240,107 106,090
Nonimpaired loans/leases         83,807,296 81,559,605
Loans [2]         $ 84,047,403 $ 81,665,695
Allowance as a percentage of impaired loans/leases         8.48% 37.21%
Allowance as a percentage of nonimpaired loans/leases         1.27% 1.28%
Total allowance as a percentage of total loans/leases         1.29% 1.33%
Allowance for impaired loans/leases         $ 20,365 $ 39,481
[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 and six months ended June 30, 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 $705,800 and $1,135,500 as of June 30, 2017, and December 31, 2016, respectively.