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Note 13 - Federal and State Income Taxes - Reconciliation of the Expected Federal Income Tax Expense (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Computed "expected" tax expense                 $ 14,228,535 $ 12,806,351 $ 7,208,993
Effect of graduated tax rates                 (250,013) (76,973)
Tax exempt income, net                 (5,653,979) (4,343,270) (3,461,438)
Bank-owned life insurance                 630,855 619,988 616,737
State income taxes, net of federal benefit, current year                 1,764,671 1,245,524 767,557
Change in unrecognized tax benefits                 (53,699) 121,008 223,668
New Markets Tax Credits and other credits                 (341,268) (180,000) (180,000)
Acquisition costs                 176,050
Excess tax benefit on stock options exercised and restricted stock awards vested                 (1,219,483)
Re-measurement of deferred tax asset to incorporate newly enacted tax rates                 (2,918,606)
Other                 (228,866) (52,875) (195,828)
$ (2,000,105) $ 1,921,533 $ 2,635,576 $ 2,389,446 $ 2,872,412 $ 1,858,208 $ 2,153,144 $ 2,019,023 $ 4,946,450 $ 8,902,787 $ 3,669,242
Computed "expected" tax expense, percentage                 35.00% 35.00% 35.00%
Effect of graduated tax rates, percentage                 (0.70%) (0.40%)
Tax exempt income, net, percentage                 (13.90%) (11.90%) (16.80%)
Bank-owned life insurance, percentage                 (1.50%) (1.70%) (3.00%)
State income taxes, net of federal benefit, current year, percentage                 4.30% 3.40% 3.70%
Change in unrecognized tax benefits, percentage                 (0.10%) 0.30% 1.10%
New Markets Tax Credits and other credits, percentage                 (0.80%) (0.50%) (0.90%)
Acquisition costs, percentage                 0.50%
Excess tax benefit on stock options exercised and restricted stock awards vested, percentage                 (3.00%)
Re-measurement of deferred tax asset to incorporate newly enacted tax rates, percentage                 (7.20%)
Other, percentage                 (0.60%) (0.10%) (0.90%)
Income Tax Expense (Benefit), Pprcentage                 12.20% 24.30% 17.80%