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Note 2 - Investment Securities (Tables)
9 Months Ended
Sep. 30, 2017
Notes Tables  
Unrealized Gain (Loss) on Investments [Table Text Block]
           
Gross
   
Gross
         
   
Amortized
   
Unrealized
   
Unrealized
   
Fair
 
   
Cost
   
Gains
   
(Losses)
   
Value
 
September 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities HTM:
                               
Municipal securities
  $
322,931,227
    $
2,084,997
    $
(2,629,646
)   $
322,386,578
 
Other securities
   
1,050,000
     
-
     
-
     
1,050,000
 
    $
323,981,227
    $
2,084,997
    $
(2,629,646
)   $
323,436,578
 
                                 
Securities AFS:
                               
U.S. govt. sponsored agency securities
  $
39,340,306
    $
129,768
    $
(129,906
)   $
39,340,168
 
Residential mortgage-backed and related securities
   
160,329,128
     
266,806
     
(1,627,425
)    
158,968,509
 
Municipal securities
   
56,621,412
     
435,356
     
(293,708
)    
56,763,060
 
Other securities
   
4,077,128
     
826,135
     
(20,578
)    
4,882,685
 
    $
260,367,974
    $
1,658,065
    $
(2,071,617
)   $
259,954,422
 
                                 
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
 
September 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities HTM:
                                               
Municipal securities
  $
17,779,999
    $
(254,147
)   $
68,663,362
    $
(2,375,499
)   $
86,443,361
    $
(2,629,646
)
                                                 
Securities AFS:
                                               
U.S. govt. sponsored agency securities
  $
23,607,646
    $
(129,906
)   $
-
    $
-
    $
23,607,646
    $
(129,906
)
Residential mortgage-backed and related securities
   
111,996,030
     
(1,255,971
)    
12,648,688
     
(371,454
)    
124,644,718
     
(1,627,425
)
Municipal securities
   
18,776,501
     
(169,253
)    
12,872,616
     
(124,455
)    
31,649,117
     
(293,708
)
Other securities
   
928,772
     
(20,578
)    
-
     
-
     
928,772
     
(20,578
)
    $
155,308,949
    $
(1,575,708
)   $
25,521,304
    $
(495,909
)   $
180,830,253
    $
(2,071,617
)
                                                 
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
   
Nine Months Ended
 
   
September 30, 2017
   
September 30, 2016
   
September 30, 2017
   
September 30, 2016
 
                                 
Proceeds from sales of securities*
  $
8,415,795
    $
58,775,764
    $
21,969,870
    $
119,850,909
 
Pre-tax gross gains from sales of securities
   
6,312
     
4,281,828
     
65,880
     
4,815,373
 
Pre-tax gross losses from sales of securities
   
(69,900
)    
(30,055
)    
(91,004
)    
(187,090
)
Investments Classified by Contractual Maturity Date [Table Text Block]
   
Amortized Cost
   
Fair Value
 
Securities HTM:
               
Due in one year or less
  $
2,940,492
    $
2,940,378
 
Due after one year through five years
   
18,268,264
     
18,374,059
 
Due after five years
   
302,772,471
     
302,122,141
 
    $
323,981,227
    $
323,436,578
 
                 
Securities AFS:
               
Due in one year or less
  $
3,135,008
    $
3,143,223
 
Due after one year through five years
   
26,545,903
     
26,712,930
 
Due after five years
   
66,280,807
     
66,247,075
 
     
95,961,718
     
96,103,228
 
Residential mortgage-backed and related securities
   
160,329,128
     
158,968,509
 
Other securities
   
4,077,128
     
4,882,685
 
    $
260,367,974
    $
259,954,422
 
   
Amortized Cost
   
Fair Value
 
Securities HTM:
               
Municipal securities
  $
170,900,193
    $
171,633,005
 
                 
Securities AFS:
               
U.S. govt. sponsored agency securities
   
5,048,652
     
5,033,292
 
Municipal securities
   
45,727,004
     
45,640,630
 
    $
50,775,656
    $
50,673,922
 
Schedule of Investment in Bond Securities [Table Text Block]
September 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. State:
 
Number of
Issuers
   
Amortized Cost
   
Fair Value
   
Average
Exposure Per
Issuer

(Fair Value)
 
                                 
North Dakota
   
7
    $
21,625,068
    $
21,593,895
    $
3,084,842
 
Illinois
   
21
     
18,319,644
     
18,501,854
     
881,041
 
Iowa
   
21
     
17,990,978
     
17,993,895
     
856,852
 
Missouri
   
16
     
8,956,396
     
8,983,511
     
561,469
 
Ohio
   
9
     
8,289,069
     
8,180,432
     
908,937
 
Texas
   
10
     
6,609,101
     
6,543,660
     
654,366
 
Other
   
35
     
18,520,725
     
18,626,763
     
532,193
 
Total general obligation bonds
   
119
    $
100,310,981
    $
100,424,010
    $
843,899
 
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
 
September 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. State:
 
Number of
Issuers
   
Amortized Cost
   
Fair Value
   
Average
Exposure
Per Issuer
(Fair Value)
 
                                 
Missouri
   
55
    $
107,274,712
    $
107,108,520
    $
1,947,428
 
Iowa
   
28
     
62,468,124
     
62,615,875
     
2,236,281
 
Indiana
   
23
     
50,080,705
     
49,560,095
     
2,154,787
 
Ohio
   
5
     
19,674,376
     
19,523,478
     
3,904,696
 
Kansas
   
6
     
12,877,308
     
12,879,871
     
2,146,645
 
North Dakota
   
5
     
11,496,420
     
11,471,544
     
2,294,309
 
Other
   
10
     
15,370,013
     
15,566,245
     
1,556,625
 
Total revenue bonds
   
132
    $
279,241,658
    $
278,725,628
    $
2,111,558
 
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