XML 54 R43.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 5 - Fair Value - Assets Measured At Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Securities available for sale, fair value $ 259,954,422 $ 251,113,139
Impaired loans or leases 23,722,953 18,788,073
Fair Value, Inputs, Level 1 [Member]    
Impaired loans or leases
Fair Value, Inputs, Level 2 [Member]    
Impaired loans or leases
Fair Value, Inputs, Level 3 [Member]    
Impaired loans or leases 23,722,953 18,788,073
Fair Value, Measurements, Recurring [Member]    
Assets Fair Value 262,947,951 254,027,947
Liabilities Fair Value 2,603,002 2,338,281
Fair Value, Measurements, Recurring [Member] | Interest Rate Cap [Member]    
Derivative Assets 390,527 576,527
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]    
Derivative Assets 2,603,002 2,338,281
Derivative Liabilites 2,603,002 2,338,281
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Assets Fair Value 1,017 1,361
Liabilities Fair Value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Cap [Member]    
Derivative Assets
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member]    
Derivative Assets
Derivative Liabilites
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Assets Fair Value 262,946,934 254,026,586
Liabilities Fair Value 2,603,002 2,338,281
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Cap [Member]    
Derivative Assets 390,527 576,527
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]    
Derivative Assets 2,603,002 2,338,281
Derivative Liabilites 2,603,002 2,338,281
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Assets Fair Value
Liabilities Fair Value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Cap [Member]    
Derivative Assets
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member]    
Derivative Assets
Derivative Liabilites
US Government Agencies Debt Securities [Member]    
Securities available for sale, fair value 39,340,168 46,083,607
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]    
Securities available for sale, fair value 39,340,168 46,083,607
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Securities available for sale, fair value
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Securities available for sale, fair value 39,340,168 46,083,607
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Securities available for sale, fair value
Residential Mortgage Backed Securities [Member]    
Securities available for sale, fair value 158,968,509 147,702,127
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]    
Securities available for sale, fair value 158,968,509 147,702,127
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Securities available for sale, fair value
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Securities available for sale, fair value 158,968,509 147,702,127
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Securities available for sale, fair value
US States and Political Subdivisions Debt Securities [Member]    
Securities available for sale, fair value 56,763,060 52,604,426
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]    
Securities available for sale, fair value 56,763,060 52,604,426
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Securities available for sale, fair value
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Securities available for sale, fair value 56,763,060 52,604,426
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Securities available for sale, fair value
Other Securities [Member]    
Securities available for sale, fair value 4,882,685 4,722,979
Other Securities [Member] | Fair Value, Measurements, Recurring [Member]    
Securities available for sale, fair value 4,882,685 4,722,979
Other Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Securities available for sale, fair value 1,017 1,361
Other Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Securities available for sale, fair value 4,881,668 4,721,618
Other Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Securities available for sale, fair value
Impaired Loans Leases [Member]    
Impaired loans or leases 18,177,320 12,823,121
Impaired Loans Leases [Member] | Fair Value, Inputs, Level 1 [Member]    
Impaired loans or leases
Impaired Loans Leases [Member] | Fair Value, Inputs, Level 2 [Member]    
Impaired loans or leases
Impaired Loans Leases [Member] | Fair Value, Inputs, Level 3 [Member]    
Impaired loans or leases 18,177,320 12,823,121
Other Real Estate Owned [Member]    
Impaired loans or leases 5,545,633 5,964,952
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 1 [Member]    
Impaired loans or leases
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 2 [Member]    
Impaired loans or leases
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member]    
Impaired loans or leases $ 5,545,633 $ 5,964,952