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Note 13 - Federal and State Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Alternative minimum tax credits $ 6,513,502 $ 6,513,502
New markets tax credits 2,164,727 1,797,587
Net unrealized losses on securities available for sale and derivative instruments 498,860 1,470,759
Compensation 6,282,603 8,737,976
Loan/lease losses 8,029,714 10,479,227
Net operating loss carryforwards, federal and state 959,627 1,879,746
Other 34,962 247,594
24,483,995 31,126,391
Premises and equipment 2,400,397 4,899,107
Equipment financing leases 15,367,705 22,050,540
Acquisition fair value adjustments 1,864,599 1,336,338
Investment accretion 30,656 46,581
Deferred loan origination fees, net 115,153 261,915
Other 430,125 456,219
20,208,635 29,050,700
Net deferred tax assets $ 4,275,360 $ 2,075,691