Guaranty Federal Bancshares (GFED) 10-Q 10 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 01, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	GUARANTY FEDERAL BANCSHARES INC
Trading Symbol	gfed
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		4,345,064
Amendment Flag	false
Entity Central Index Key	1,046,203
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Cash	$ 4,074,077	$ 3,604,316
Interest-bearing deposits in other financial institutions	5,344,387	8,889,574
Cash and cash equivalents	9,418,464	12,493,890
Available-for-sale securities	92,300,108	86,467,985
Held-to-maturity securities	47,112	60,993
Stock in Federal Home Loan Bank, at cost	3,013,500	3,156,900
Mortgage loans held for sale	323,531	1,214,632
Loans receivable, net of allowance for loan losses of September 30, 2015 - $6,821,114 - December 31, 2014 - $6,588,597	502,530,330	486,586,636
Accrued interest receivable:
Loans	1,368,280	1,704,374
Investments and interest-bearing deposits	302,143	325,684
Prepaid expenses and other assets	3,825,611	4,530,191
Foreclosed assets held for sale	2,694,258	3,165,447
Premises and equipment, net	10,641,969	10,602,763
Bank owned life insurance	14,689,183	14,417,220
Income taxes receivable	324,080	320,416
Deferred income taxes	3,269,611	3,412,513
	644,748,180	628,459,644
LIABILITIES
Deposits	505,162,619	479,818,282
Federal Home Loan Bank and Federal Reserve Bank advances	56,500,000	60,350,000
Securities sold under agreements to repurchase		10,000,000
Subordinated debentures	15,465,000	15,465,000
Advances from borrowers for taxes and insurance	490,101	143,984
Accrued expenses and other liabilities	1,171,507	963,386
Accrued interest payable	195,195	242,145
	$ 578,984,422	$ 566,982,797
COMMITMENTS AND CONTINGENCIES
Capital Stock:
Common stock, $0.10 par value; authorized 10,000,000 shares; issued September 30, 2015 and December 31, 2014 - 6,851,003 and 6,823,203 shares, respectively	$ 685,100	$ 682,320
Additional paid-in capital	50,348,015	50,366,546
Retained earnings, substantially restricted	52,178,852	48,549,691
Accumulated other comprehensive loss
Unrealized loss on available-for-sale securities, net of income taxes	(175,093)	(448,421)
	103,036,874	99,150,136
Treasury stock, at cost; September 30, 2015 and December 31, 2014 - 2,466,068 and 2,492,552 shares, respectively	(37,273,116)	(37,673,289)
	65,763,758	61,476,847
	$ 644,748,180	$ 628,459,644
Series A Preferred Stock [Member]
Capital Stock:
Series A preferred stock, $0.01 par value; authorized 2,000,000 shares;

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Loans receivable, allowance for loan losses (in Dollars)	$ 6,821,114	$ 6,588,597
Common stock, par value (in Dollars per share)	$ 0.10	$ 0.10
Common stock, authorized	10,000,000	10,000,000
Common stock, issued	6,851,003	6,823,203
Treasury stock, shares	2,466,068	2,492,552
Series A Preferred Stock [Member]
Series A preferred stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Series A preferred stock, authorized	2,000,000	2,000,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest Income
Loans	$ 5,846,935	$ 5,736,813	$ 17,740,376	$ 17,180,526
Investment securities	350,679	383,947	1,055,210	1,256,831
Other	31,477	26,299	107,652	107,349
	6,229,091	6,147,059	18,903,238	18,544,706
Interest Expense
Deposits	612,091	583,736	1,832,281	1,753,229
Federal Home Loan Bank and Federal Reserve Bank advances	298,952	302,271	895,137	896,598
Subordinated debentures	135,329	133,456	402,187	399,654
Other	289	66,700	121,122	197,925
	1,046,661	1,086,163	3,250,727	3,247,406
Net Interest Income	5,182,430	5,060,896	15,652,511	15,297,300
Provision for Loan Losses	200,000	450,000	350,000	975,000
Net Interest Income After Provision for Loan Losses	4,982,430	4,610,896	15,302,511	14,322,300
Noninterest Income
Service charges	317,385	315,066	914,019	946,485
Gain (loss) on sale of investment securities	(4,152)	(1,554)	151,161	9,137
Gain on sale of mortgage loans held for sale	473,541	249,967	1,217,316	686,212
Gain on sale of Small Business Administration loans	378		344,817
Net loss on foreclosed assets	(21,151)	(32,782)	(38,913)	(109,747)
Other income	397,548	336,688	1,088,611	1,015,486
	1,163,549	867,385	3,677,011	2,547,573
Noninterest Expense
Salaries and employee benefits	2,483,512	2,218,655	7,424,824	6,755,386
Occupancy	474,885	421,626	1,411,472	1,268,301
FDIC deposit insurance premiums	105,878	84,031	326,216	340,994
Prepayment penalty on repurchase agreements			463,992
Data processing	198,291	180,021	592,114	506,293
Advertising	131,250	106,251	393,750	318,753
Other expense	711,777	619,116	2,174,680	2,224,820
	4,105,593	3,629,700	12,787,048	11,414,547
Income Before Income Taxes	2,040,386	1,848,581	6,192,474	5,455,326
Provision for Income Taxes	621,751	488,098	1,906,346	1,454,734
Net Income	1,418,635	1,360,483	4,286,128	4,000,592
Preferred Stock Dividends and Discount Accretion				357,210
Net Income Available to Common Shareholders	$ 1,418,635	$ 1,360,483	$ 4,286,128	$ 3,643,382
Basic Income Per Common Share (in Dollars per share)	$ 0.33	$ 0.32	$ 0.99	$ 0.93
Diluted Income Per Common Share (in Dollars per share)	$ 0.32	$ 0.31	$ 0.98	$ 0.92

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
NET INCOME	$ 1,418,635	$ 1,360,483	$ 4,286,128	$ 4,000,592
OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS):
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes	828,626	(107,064)	585,013	2,426,566
Less: Reclassification adjustment for realized (gains) losses on investment securities included in net income, before income taxes	4,152	1,554	(151,161)	(9,137)
Total other items in comprehensive income (loss)	832,778	(105,510)	433,852	2,417,429
Income tax expense (benefit) related to other items of comprehensive income	308,128	(39,039)	160,524	894,449
Other comprehensive income (loss)	524,650	(66,471)	273,328	1,522,980
TOTAL COMPREHENSIVE INCOME	$ 1,943,285	$ 1,294,012	$ 4,559,456	$ 5,523,572

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - 9 months ended Sep. 30, 2015 - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance, January 1, 2015 at Dec. 31, 2014	$ 682,320	$ 50,366,546	$ (37,673,289)	$ 48,549,691	$ (448,421)	$ 61,476,847
Balance, September 30, 2015 at Sep. 30, 2015	685,100	50,348,015	(37,273,116)	52,178,852	(175,093)	65,763,758
Net income				4,286,128		4,286,128
Change in unrealized gain (loss) on available-for-sale securities, net of income taxes					$ 273,328	273,328
Dividends on common stock ($0.15 per share)				$ (656,967)		(656,967)
Stock award plans		(160,625)	$ 400,173			239,548
Stock options exercised	$ 2,780	$ 142,094				$ 144,874

Condensed Consolidated Stateme7

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) (Parentheticals)	9 Months Ended
	Sep. 30, 2015$ / shares
Dividends on common stock	$ 0.15

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 4,286,128	$ 4,000,592
Items not requiring (providing) cash:
Deferred income taxes	(17,622)	797,859
Depreciation	678,648	565,966
Provision for loan losses	350,000	975,000
Gain on sale of Small Business Administration loans	(344,817)
Gain on sale of mortgage loans held for sale and investment securities	(1,368,477)	(695,349)
(Gain) loss on foreclosed assets held for sale	(8,905)	42,706
Amortization of deferred income, premiums and discounts	558,319	566,323
Stock award plan expense	239,548	223,520
Origination of loans held for sale	(41,881,391)	(23,205,947)
Proceeds from sale of loans held for sale	43,989,808	24,446,459
Increase in cash surrender value of bank owned life insurance	(271,963)	(280,478)
Changes in:
Accrued interest receivable	359,635	183,636
Prepaid expenses and other assets	704,580	748,462
Accounts payable and accrued expenses	158,457	55,407
Income taxes receivable	(3,664)	(405,120)
Net cash provided by operating activities	7,428,284	8,019,036
CASH FLOWS FROM INVESTING ACTIVITIES
Net change in loans	(16,136,499)	(3,338,525)
Principal payments on held-to-maturity securities	13,882	13,809
Principal payments on available-for-sale securities	8,185,628	7,148,661
Proceeds from calls/maturities of available-for-sale securities		3,151,000
Purchase of premises and equipment	(717,854)	(347,688)
Purchase of available-for-sale securities	(38,568,960)	(28,700,444)
Proceeds from sale of available-for-sale securities	24,636,698	21,258,655
Purchase of Federal Home Loan Bank stock	143,400	(223,800)
Proceeds from sale of foreclosed assets held for sale	608,920	415,741
Net cash used in investing activities	(21,834,785)	(622,591)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid on common stock	(654,253)	(215,329)
Net increase (decrease) in demand deposits, NOW and savings accounts	29,545,375	(11,905,037)
Net decrease in certificates of deposit	(4,201,038)	(4,163,231)
Net decrease of securities sold under agreements to repurchase	(10,000,000)
Proceeds from FHLB advances		6,800,000
Repayments of FHLB advances	(3,850,000)	(3,000,000)
Stock options exercised	144,874	210,870
Redemption of preferred stock		(12,000,000)
Proceeds from issuance of common stock		15,814,312
Advances from borrowers for taxes and insurance	346,117	294,382
Cash dividends paid on preferred stock		(413,000)
Net cash provided by (used in) financing activities	11,331,075	(8,577,033)
DECREASE IN CASH AND CASH EQUIVALENTS	(3,075,426)	(1,180,588)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	12,493,890	12,303,200
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 9,418,464	$ 11,122,612

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Business Description and Basis of Presentation [Text Block]	Note 1: Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting only of normal recurring accruals) considered necessary for a fair presentation have been included. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in Guaranty Federal Bancshares, Inc.’s (the “Company”) Annual Report on Form 10-K for the year ended December 31, 2014 filed with the Securities and Exchange Commission (the “SEC”). The results of operations for the periods are not necessarily indicative of the results to be expected for the full year. The condensed consolidated balance sheet of the Company as of December 31, 2014, has been derived from the audited consolidated balance sheet of the Company as of that date. Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted.

Note 2 - Principles of Consolid

Note 2 - Principles of Consolidation	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 2: Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Guaranty Bank (the “Bank”). All significant intercompany transactions and balances have been eliminated in consolidation.

Note 3 - Securities

Note 3 - Securities	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 3: Securities The amortized cost and approximate fair values of securities classified as available-for-sale were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of September 30, 2015 Equity Securities $ 102,212 $ 12,346 $ (14,864 ) $ 99,694 Debt Securities: U. S. government agencies 8,533,347 30 (41,180 ) 8,492,198 Municipals 23,555,831 175,458 (84,219 ) 23,647,070 Corporates 3,960,972 6,867 (53,089 ) 3,914,750 Government sponsored mortgage-backed securities and SBA loan pools 56,425,672 205,073 (484,348 ) 56,146,396 $ 92,578,034 $ 399,774 $ (677,700 ) $ 92,300,108 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of December 31, 2014 Equity Securities $ 102,212 $ 16,121 $ (13,310 ) $ 105,023 Debt Securities: U. S. government agencies 10,528,055 - (271,282 ) 10,256,773 Municipals 15,474,316 185,747 (70,173 ) 15,589,890 Government sponsored mortgage-backed securities and SBA loan pools 61,075,181 235,977 (794,859 ) 60,516,299 $ 87,179,764 $ 437,845 $ (1,149,624 ) $ 86,467,985 Maturities of available-for-sale debt securities as of September 30, 2015: Amortized Cost Approximate Fair Value < 1 year $ 285,000 $ 285,408 1-5 years $ 4,727,145 $ 4,728,528 6-10 years 15,591,686 15,610,114 After 10 years 15,446,319 15,429,968 Government sponsored mortgage-backed securities not due on a single maturity date 56,425,672 56,146,396 $ 92,475,822 $ 92,200,414 The amortized cost and approximate fair values of securities classified as held to maturity are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of September 30, 2015 Debt Securities: Government sponsored mortgage-backed securities $ 47,112 $ 1,136 $ - $ 48,247 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of December 31, 2014 Debt Securities: Government sponsored mortgage-backed securities $ 60,993 $ 1,626 $ - $ 62,619 Maturities of held-to-maturity securities as of September 30, 2015: Amortized Cost Approximate Fair Value Government sponsored mortgage-backed securities not due on a single maturity date $ 47,112 $ 48,247 The book value of securities pledged as collateral, to secure public deposits and for other purposes, amounted to $50,440,506 and $53,355,716 as of September 30, 2015 and December 31, 2014, respectively. The approximate fair value of pledged securities amounted to $50,372,066 and $52,907,065 as of September 30, 2015 and December 31, 2014, respectively. Realized gains and losses are recorded as net securities gains. Gains on sales of securities are determined on the specific identification method. Gross gains of $165,799 and $175,941 and gross losses of $14,638 and $166,804 as of September 30, 2015 and September 30, 2014, respectively, were realized from the sale of available-for-sale securities. The tax effect of these net gains was $55,930 and $3,381 as of September 30, 2015 and September 30, 2014, respectively. The Company evaluates all securities quarterly to determine if any unrealized losses are deemed to be other than temporary. Certain investment securities are valued at less than their historical cost. These declines are primarily the result of the rate for these investments yielding less than current market rates, or declines in stock prices of equity securities. Based on evaluation of available evidence, management believes the declines in fair value for these securities are temporary. It is management’s intent to hold the debt securities to maturity or until recovery of the unrealized loss. Should the impairment of any of these debt securities become other than temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified, to the extent the loss is related to credit issues, and to other comprehensive income to the extent the decline on debt securities is related to other factors and the Company does not intend to sell the security prior to recovery of the unrealized loss. Certain other investments in debt and equity securities are reported in the financial statements at an amount less than their historical cost. Total fair value of these investments at September 30, 2015 and December 31, 2014, was $49,973,248 and $60,733,191, respectively, which is approximately 54% and 70% of the Company’s investment portfolio. These declines primarily resulted from changes in market interest rates and failure of certain investments to meet projected earnings targets. The following table shows gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2015 and December 31, 2014. September 30, 2015 Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Equity Securities $ - $ - $ 33,063 $ (14,864 ) $ 33,063 $ (14,864 ) U. S. government agencies 2,965,790 (17,557 ) 4,026,378 (23,623 ) 6,992,168 (41,180 ) Municipals 5,197,814 (61,727 ) 710,495 (22,492 ) 5,908,309 (84,219 ) Corporates 3,029,750 (53,089 ) - - 3,029,750 (53,089 ) Government sponsored mortgage-backed securities and SBA loan pools 17,085,254 (117,458 ) 16,924,705 (366,890 ) 34,009,959 (484,348 ) $ 28,278,608 $ (249,832 ) $ 21,694,640 $ (427,868 ) $ 49,973,248 $ (677,700 ) December 31, 2014 Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Equity Securities $ - $ - $ 34,618 $ (13,310 ) $ 34,618 $ (13,310 ) U. S. government agencies - - 10,256,773 (271,282 ) 10,256,773 (271,282 ) Municipals 2,677,626 (7,692 ) 5,859,560 (62,481 ) 8,537,186 (70,173 ) Government sponsored mortgage-backed securities and SBA loan pools 12,703,301 (70,049 ) 29,201,313 (724,810 ) 41,904,614 (794,859 ) $ 15,380,927 $ (77,741 ) $ 45,352,264 $ (1,071,883 ) $ 60,733,191 $ (1,149,624 )

Note 4 - Loans and Allowance fo

Note 4 - Loans and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 4: Loans and Allowance for Loan Losses Categories of loans at September 30, 2015 and December 31, 2014 include: September 30, December 31, 2015 2014 Real estate - residential mortgage: One to four family units $ 95,258,088 $ 97,900,814 Multi-family 39,929,250 33,785,959 Real estate - construction 40,381,309 36,784,584 Real estate - commercial 224,236,614 215,605,054 Commercial loans 87,314,328 92,114,216 Consumer and other loans 22,552,483 17,246,437 Total loans 509,672,072 493,437,064 Less: Allowance for loan losses (6,821,114 ) (6,588,597 ) Deferred loan fees/costs, net (320,628 ) (261,831 ) Net loans $ 502,530,330 $ 486,586,636 As of September 30, 2015 30-59 Days Past Due 60-89 Days Past Due 90 Days and more Past Due Total Past Due Current Total Loans Receivable Total Loans > 90 Days and Accruing (In Thousands) Real estate - residential mortgage: One to four family units 1,363 98 324 $ 1,785 $ 93,473 95,258 $ - Multi-family - - - - 39,929 39,929 - Real estate - construction 6,889 - - 6,889 33,492 40,381 - Real estate - commercial 1,241 - - 1,241 222,996 224,237 - Commercial loans 797 - 685 1,482 85,832 87,314 - Consumer and other loans 23 - - 23 22,530 22,553 - Total $ 10,313 $ 98 $ 1,009 $ 11,420 $ 498,252 $ 509,672 $ - As of December 31, 2014 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Loans Receivable Total Loans > 90 Days and Accruing (In Thousands) Real estate - residential mortgage: One to four family units $ 113 $ 428 $ 279 $ 820 $ 97,081 $ 97,901 $ - Multi-family - - - - 33,786 33,786 - Real estate - construction - - - - 36,785 36,785 - Real estate - commercial - - - - 215,605 215,605 - Commercial loans - - 227 227 91,887 92,114 - Consumer and other loans 23 35 - 58 17,188 17,246 - Total $ 136 $ 463 $ 506 $ 1,105 $ 492,332 $ 493,437 $ - September 30, December 31, 2015 2014 Real estate - residential mortgage: One to four family units $ 2,307,794 $ 911,240 Multi-family - - Real estate - construction 9,572,835 2,892,772 Real estate - commercial 161,491 459,823 Commercial loans 1,611,981 1,026,772 Consumer and other loans 13,235 - Total $ 13,667,336 $ 5,290,607 Three months ended September 30, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 1,346 $ 1,945 $ 805 $ 151 $ 1,893 $ 232 $ 279 $ 6,651 Provision charged to expense 921 (363 ) (25 ) 10 (410 ) (4 ) 71 $ 200 Losses charged off - - (1 ) - - (46 ) - $ (47 ) Recoveries 1 - 4 - 1 11 - $ 17 Balance, end of period $ 2,268 $ 1,582 $ 783 $ 161 $ 1,484 $ 193 $ 350 $ 6,821 Nine months ended September 30, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 1,330 $ 1,992 $ 900 $ 127 $ 1,954 $ 185 $ 101 $ 6,589 Provision charged to expense 929 (410 ) (32 ) 34 (474 ) 54 249 $ 350 Losses charged off - - (99 ) - - (80 ) - $ (179 ) Recoveries 9 - 14 - 4 34 - $ 61 Balance, end of period $ 2,268 $ 1,582 $ 783 $ 161 $ 1,484 $ 193 $ 350 $ 6,821 Three months ended September 30, 2014 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 1,879 $ 2,284 $ 1,014 $ 146 $ 1,244 $ 221 $ - $ 6,788 Provision charged to expense (244 ) (418 ) (84 ) (30 ) 1,135 (4 ) 95 $ 450 Losses charged off - - (27 ) - (792 ) (16 ) - $ (835 ) Recoveries 1 99 3 - 22 10 - $ 135 Balance, end of period $ 1,636 $ 1,965 $ 906 $ 116 $ 1,609 $ 211 $ 95 $ 6,538 Nine months ended September 30, 2014 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 2,387 $ 2,059 $ 997 $ 209 $ 1,519 $ 272 $ 359 $ 7,802 Provision charged to expense (548 ) (184 ) 30 (93 ) 2,049 (15 ) (264 ) $ 975 Losses charged off (207 ) (9 ) (127 ) - (2,014 ) (84 ) - $ (2,441 ) Recoveries 4 99 6 - 55 38 - $ 202 Balance, end of period $ 1,636 $ 1,965 $ 906 $ 116 $ 1,609 $ 211 $ 95 $ 6,538 The following tables present the recorded investment in loans based on portfolio segment and impairment method as of September 30, 2015 and December 31, 2014: As of September 30, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Ending balance: individually evaluated for impairment $ 1,686 $ - $ - $ - $ 312 $ 15 $ - $ 2,013 Ending balance: collectively evaluated for impairment $ 582 $ 1,582 $ 783 $ 161 $ 1,172 $ 178 $ 350 $ 4,808 Loans: Ending balance: individually evaluated for impairment $ 9,573 $ 161 $ 2,308 $ - $ 1,612 $ 2,253 $ - $ 15,907 Ending balance: collectively evaluated for impairment $ 30,808 $ 224,076 $ 92,950 $ 39,929 $ 85,702 $ 20,300 $ - $ 493,765 December 31, 2014 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Ending balance: individually evaluated for impairment $ 376 $ 158 $ 36 $ - $ 203 $ 12 $ - $ 785 Ending balance: collectively evaluated for impairment $ 954 $ 1,834 $ 864 $ 127 $ 1,751 $ 173 $ 101 $ 5,804 Loans: Ending balance: individually evaluated for impairment $ 2,893 $ 460 $ 847 $ - $ 1,027 $ 801 $ - $ 6,028 Ending balance: collectively evaluated for impairment $ 33,892 $ 215,145 $ 97,054 $ 33,786 $ 91,087 $ 16,445 $ - $ 487,409 The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Bank’s internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. The following table summarizes the recorded investment in impaired loans at September 30, 2015 and December 31, 2014: September 30, 2015 December 31, 2014 Recorded Balance Unpaid Principal Balance Specific Allowance Recorded Balance Unpaid Principal Balance Specific Allowance (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 2,308 $ 2,308 $ - $ 632 $ 632 $ - Multi-family - - - - - - Real estate - construction 4,437 4,437 - 74 74 - Real estate - commercial 161 161 - - - - Commercial loans 993 993 - 341 341 - Consumer and other loans 2,253 2,253 - - - - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ - $ - - $ 279 $ 279 $ 36 Multi-family - - - - - - Real estate - construction 5,136 6,391 1,686 2,819 4,074 376 Real estate - commercial - - - 460 460 158 Commercial loans 611 914 312 685 988 203 Consumer and other loans - - 15 91 91 12 Total Real estate - residential mortgage: One to four family units $ 2,308 $ 2,308 $ - $ 911 $ 911 $ 36 Multi-family - - - - - - Real estate - construction 9,573 10,828 1,686 2,893 4,148 376 Real estate - commercial 161 161 - 460 460 158 Commercial loans 1,604 1,907 312 1,026 1,329 203 Consumer and other loans 2,253 2,253 15 91 91 12 Total $ 15,899 $ 17,457 $ 2,013 $ 5,381 $ 6,939 $ 785 The following table summarizes average impaired loans and related interest recognized on impaired loans for the three and nine months ended September 30, 2015 and 2014: For the Three Months Ended For the Three Months Ended September 30, 2015 September 30, 2014 Average Investment in Impaired Loans Interest Income Recognized Average Investment in Impaired Loans Interest Income Recognized (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units 1,340 1 $ 627 $ - Multi-family - - 138 - Real estate - construction 1,528 - 74 - Real estate - commercial 54 - - - Commercial loans 640 - 949 98 Consumer and other loans 1,179 1 - - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units - - $ 340 $ - Multi-family - - - - Real estate - construction 3,452 - 3,307 - Real estate - commercial - - 478 - Commercial loans 612 - 447 - Consumer and other loans - - 79 - Total Real estate - residential mortgage: One to four family units $ 1,340 $ 1 $ 967 $ - Multi-family - - 138 - Real estate - construction 4,980 - 3,381 - Real estate - commercial 54 - 478 - Commercial loans 1,252 - 1,396 98 Consumer and other loans 1,179 1 79 - Total $ 8,805 $ 2 $ 6,439 $ 98 For the Nine Months Ended For the Nine Months Ended September 30, 2015 September 30, 2014 Average Investment in Impaired Loans Interest Income Recognized Average Investment in Impaired Loans Interest Income Recognized (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 932 2 $ 710 $ 1 Multi-family - - 46 - Real estate - construction 559 - 88 - Real estate - commercial 18 - 272 - Commercial loans 434 - 2,375 196 Consumer and other loans 402 1 - - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 304 - $ 333 $ - Multi-family - - - - Real estate - construction 2,937 - 3,691 - Real estate - commercial - - 434 - Commercial loans 618 - 1,414 - Consumer and other loans 92 - 277 - Total Real estate - residential mortgage: One to four family units $ 1,236 $ 2 $ 1,043 $ 1 Multi-family - - 46 - Real estate - construction 3,496 - 3,779 - Real estate - commercial 18 - 706 - Commercial loans 1,052 - 3,789 196 Consumer and other loans 494 1 277 - Total $ 6,296 $ 3 $ 9,640 $ 197 At September 30, 2015, the Bank’s impaired loans shown in the table above included loans that were classified as troubled debt restructurings (“TDR”). The restructuring of a loan is considered a TDR if both (i) the borrower is experiencing financial difficulties and (ii) the creditor has granted a concession. In assessing whether or not a borrower is experiencing financial difficulties, the Bank considers information currently available regarding the financial condition of the borrower. This information includes, but is not limited to, whether (i) the debtor is currently in payment default on any of its debt; (ii) a payment default is probable in the foreseeable future without the modification; (iii) the debtor has declared or is in the process of declaring bankruptcy and (iv) the debtor’s projected cash flow is sufficient to satisfy the contractual payments due under the original terms of the loan without a modification. The Bank considers all aspects of the modification to loan terms to determine whether or not a concession has been granted to the borrower. Key factors considered by the Bank include the debtor’s ability to access funds at a market rate for debt with similar risk characteristics, the significance of the modification relative to unpaid principal balance or collateral value of the debt, and the significance of a delay in the timing of payments relative to the original contractual terms of the loan. The most common concessions granted by the Bank generally include one or more modifications to the terms of the debt, such as (i) a reduction in the interest rate for the remaining life of the debt, (ii) an extension of the maturity date at an interest rate lower than the current market rate for new debt with similar risk, (iii) a reduction on the face amount or maturity amount of the debt as stated in the original loan, (iv) a temporary period of interest-only payments, (v) a reduction in accrued interest, and (vi) an extension of amortization. The following table summarized, by class, loans that were newly classified as TDRs for the three months ended September 30, 2015: Number of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Real estate - residential mortgage: One to four family units - $ - $ - Multi-family - - - Real estate - construction - - - Real estate - commercial - - - Commercial loans 2 283,824 283,824 Consumer and other loans - - - Total 2 $ 283,824 $ 283,824 The following table summarizes, by type of concession, loans that were newly classified as TDRs for the three months ended September 30, 2015: Interest Rate Term Combination Total Modification Real estate - residential mortgage: One to four family units $ - $ - $ - $ - Multi-family - - - - Real estate - construction - - - - Real estate - commercial - - - - Commercial loans - 283,824 - 283,824 Consumer and other loans - - - - Total $ - $ 283,824 $ - $ 283,824 The following table presents the carrying balance of TDRs as of September 30, 2015 and December 31, 2014: September 30, December 31, 2015 2014 Real estate - residential mortgage: One to four family units $ 216,663 $ 505,047 Multi-family - - Real estate - construction 2,683,792 2,892,772 Real estate - commercial - 459,823 Commercial loans 997,228 799,572 Consumer and other loans - - Total $ 3,897,683 $ 4,657,214 The Bank has allocated $765,284 and $773,652 of specific reserves to customers whose loan terms have been modified in TDR as of September 30, 2015 and December 31, 2014, respectively. There were no TDRs for which there was a payment default within twelve months following the modification during the nine months ending September 30, 2015 and 2014. There were two commercial TDRs totaling $1,768,081 and one one-to-four family TDR totaling $282,369 for which there was a payment default within twelve months following the modification during the nine months ending September 30, 2014. A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. As part of the on-going monitoring of the credit quality of the Bank’s loan portfolio, management tracks loans by an internal rating system. All loans are assigned an internal credit quality rating based on an analysis of the borrower’s financial condition. The criteria used to assign quality ratings to extensions of credit that exhibit potential problems or well-defined weaknesses are primarily based upon the degree of risk and the likelihood of orderly repayment, and their effect on the Bank’s safety and soundness. The following are the internally assigned ratings: Pass: This rating represents loans that have strong asset quality and liquidity along with a multi-year track record of profitability. Special mention: This rating represents loans that are currently protected but are potentially weak. The credit risk may be relatively minor, yet constitute an increased risk in light of the circumstances surrounding a specific loan. Substandard: This rating represents loans that show signs of continuing negative financial trends and unprofitability and therefore, is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Doubtful: This rating represents loans that have all the weaknesses of substandard classified loans with the additional characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Risk characteristics applicable to each segment of the loan portfolio are described as follows. Real estate-Residential 1-4 family: The residential 1-4 family real estate loans are generally secured by owner-occupied 1-4 family residences. Repayment of these loans is primarily dependent on the personal income and credit rating of the borrowers. Credit risk in these loans can be impacted by economic conditions within the Bank’s market areas that might impact either property values or a borrower’s personal income. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers. Real estate-Construction: Construction and land development real estate loans are usually based upon estimates of costs and estimated value of the completed project and include independent appraisal reviews and a financial analysis of the developers and property owners. Sources of repayment of these loans may include permanent loans, sales of developed property or an interim loan commitment from the Bank until permanent financing is obtained. These loans are considered to be higher risk than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, general economic conditions and the availability of long-term financing. Credit risk in these loans may be impacted by the creditworthiness of a borrower, property values and the local economies in the Bank’s market areas. Real estate-Commercial: Commercial real estate loans typically involve larger principal amounts, and repayment of these loans is generally dependent on the successful operations of the property securing the loan or the business conducted on the property securing the loan. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Credit risk in these loans may be impacted by the creditworthiness of a borrower, property values and the local economies in the Bank’s market areas. Commercial: The commercial portfolio includes loans to commercial customers for use in financing working capital needs, equipment purchases and expansions. The loans in this category are repaid primarily from the cash flow of a borrower’s principal business operation. Credit risk in these loans is driven by creditworthiness of a borrower and the economic conditions that impact the cash flow stability from business operations. Consumer: The consumer loan portfolio consists of various term and line of credit loans such as automobile loans and loans for other personal purposes. Repayment for these types of loans will come from a borrower’s income sources that are typically independent of the loan purpose. Credit risk is driven by consumer economic factors (such as unemployment and general economic conditions in the Bank’s market area) and the creditworthiness of a borrower. The following tables provide information about the credit quality of the loan portfolio using the Bank’s internal rating system as of September 30, 2015 and December 31, 2014: September 30, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Total (In Thousands) Rating: Pass $ 30,808 $ 213,542 $ 87,735 $ 39,352 $ 78,344 $ 20,180 $ 469,961 Special Mention - 4,778 3,907 577 3,503 - 12,765 Substandard 9,573 5,917 3,616 - 4,864 2,373 26,343 Doubtful - - - - 603 - 603 Total $ 40,381 $ 224,237 $ 95,258 $ 39,929 $ 87,314 $ 22,553 $ 509,672 December 31, 2014 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Total (In Thousands) Rating: Pass $ 27,370 $ 207,311 $ 94,129 $ 33,786 $ 78,197 $ 17,015 $ 457,808 Special Mention 6,522 5,076 2,501 - 10,273 - 24,372 Substandard 2,893 2,758 1,271 - 3,644 231 10,797 Doubtful - 460 - - - - 460 Total $ 36,785 $ 215,605 $ 97,901 $ 33,786 $ 92,114 $ 17,246 $ 493,437 For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees net of certain direct origination costs, are deferred and amortized as a level yield adjustment over the respective term of the loan. The accrual of interest on loans is discontinued at the time the loan is 90 days past due unless the loan is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

Note 5 - Benefit Plans

Note 5 - Benefit Plans	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 5: Benefit Plans The Company has stock-based employee compensation plans, which are described in the Company’s December 31, 2014 Annual Report on Form 10-K. The table below summarizes transactions under the Company’s equity plans for the nine months ended September 30, 2015: Stock Options Number of shares Incentive Stock Option Non-Incentive Stock Option Weighted Average Exercise Price Balance outstanding as of January 1, 2015 140,300 82,500 $ 18.23 Granted - - - Exercised (2,800 ) (25,000 ) 5.21 Forfeited (28,000 ) - 24.14 Balance outstanding as of September 30, 2015 109,500 57,500 19.41 Options exercisable as of September 30, 2015 109,500 57,500 19.41 Restricted Stock Number of shares Weighted Average Grant-Date Price Balance of shares non-vested as of January 1, 2015 30,503 $ 10.26 Granted 28,451 14.78 Vested (15,083 ) 11.64 Forfeited (894 ) 12.26 Balance of shares non-vested as of September 30, 2015 42,977 12.73 The total intrinsic value of stock options exercised for the nine months ended September 30, 2015 was $264,136. The total intrinsic value of outstanding stock options was $605,275 at September 30, 2015. The total intrinsic value of outstanding exercisable stock options was $605,275 at September 30, 2015. The total fair value of share awards vested was $137,898 during the nine months ended September 30, 2015. In February 2015 and 2014, the Company granted restricted stock to directors pursuant to the 2010 Equity Plan that was fully vested and thus, expensed in full on the date of the grants. The amount expensed was $122,476 and $122,538 for 2015 and 2014, respectively, which represents 8,281 shares of common stock at a market price of $14.79 at the date of grant in 2015 and 11,242 shares of common stock at a market price of $10.90 at the date of grant in 2014. In June 2015, the Company granted 966 shares of restricted stock to directors that have a cliff vesting at the end of three years. The expense is being recognized over the applicable vesting period. The amount expensed for the nine months ended September 30, 2015 was $1,435. For the nine months ended September 30, 2015 and 2014, the Company granted 19,204 and 23,320 shares of restricted stock to officers that have a cliff vesting at the end of three years. The expense is being recognized over the applicable vesting period. The total amount of expense for restricted stock grants during the nine months ended September 30, 2015 and 2014 was $128,964 and $76,360, respectively. Stock-based compensation expense, consisting of stock options and restricted stock awards, recognized for the three months ended September 30, 2015 and 2014 was $42,289 and $33,032, respectively. Stock-based compensation expense recognized for the nine months ended September 30, 2015 and 2014 was $251,020 and $223,520 respectively. As of September 30, 2015, there was $349,564 of unrecognized compensation expense related to nonvested restricted stock awards, which will be recognized over the remaining vesting period.

Note 6 - Income Per Common Shar

Note 6 - Income Per Common Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 6: Income Per Common Share For three months ended September 30, 2015 For nine months ended September 30, 2015 Income Available to Common Shareholders Average Common Shares Outstanding Per Common Share Income Available to Common Shareholders Average Common Shares Outstanding Per Common Share Basic Income Per Common Share $ 1,418,635 4,338,803 $ 0.33 $ 4,286,128 4,329,526 $ 0.99 Effect of Dilutive Securities 55,216 56,340 Diluted Income Per Common Share $ 1,418,635 4,394,019 $ 0.32 $ 4,286,128 4,385,866 $ 0.98 For three months ended September 30, 2014 For nine months ended September 30, 2014 Income Available to Common Shareholders Average Common Shares Outstanding Per Common Share Income Available to Common Shareholders Average Common Shares Outstanding Per Common Share Basic Income Per Common Share $ 1,360,483 4,278,733 $ 0.32 $ 3,643,382 3,907,490 $ 0.93 Effect of Dilutive Securities 66,301 70,814 Diluted Income Per Common Share $ 1,360,483 4,345,034 $ 0.31 $ 3,643,382 3,978,304 $ 0.92 Stock options to purchase 98,500 of common stock were outstanding during the three and nine months ended September 30, 2015 and stock options to purchase 131,500 shares of common stock were outstanding during the three and nine months ended September 30, 2014 but were not included in the computation of diluted income per common share because their exercise prices were greater than the average market price of the common shares.

Note 7 - New Accounting Pronoun

Note 7 - New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 7: New Accounting Pronouncements In February 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis In January 2015, the Company adopted FASB ASU No. 2014-01, which amends FASB ASC Topic 323, Investments – Equity Method and Joint Ventures In June 2014, the FASB issued ASU No. 2014-11 “ Transfers and Servicing (Topic 860)-Repurchase to Maturity Transactions, Repurchase Financings, and Disclosures.” In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606): Revenue from Contracts with Customers In January 2014, the FASB issued ASU No. 2014-04 to amend FASB ASC Topic 310, Receivables – Troubled Debt Restructurings by Creditors

Note 8 - Disclosures about Fair

Note 8 - Disclosures about Fair Value of Assets and Liabilities	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Note 8: Disclosures about Fair Value of Assets and Liabilities ASC Topic 820, Fair Value Measurements Level 1 Level 2 Level 3 The following is a description of the inputs and valuation methodologies used for assets measured at fair value on a recurring basis and recognized in the accompanying condensed consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. Available-for-sale securities: The following table presents the fair value measurements of assets recognized in the accompanying condensed consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at September 30, 2015 and December 31, 2014 (dollar amounts in thousands): Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Equity securities $ 100 $ - $ - $ 100 Debt securities: U.S. government agencies - 8,492 - 8,492 Municipals - 23,647 - 23,647 Corporate Bonds - 3,915 - 3,915 Government sponsored mortgage-backed securities and SBA loan pools - 56,146 - 56,146 Available-for-sale securities $ 100 $ 92,200 $ - $ 92,300 Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Equity securities $ 105 $ - $ - $ 105 Debt securities: U.S. government agencies - 10,257 - 10,257 Municipals - 15,590 - 15,590 Government sponsored mortgage-backed securities and SBA loan pools - 60,516 - 60,516 Available-for-sale securities $ 105 $ 86,363 $ - $ 86,468 The following is a description of the valuation methodologies used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. Foreclosed Assets Held for Sale : Impaired loans (Collateral Dependent) : If the impaired loan is identified as collateral dependent, then the fair value method of measuring the amount of impairment is utilized. This method requires obtaining a current independent appraisal of the collateral and applying a discount factor to the value. Impaired loans that are collateral dependent are classified within Level 3 of the fair value hierarchy when impairment is determined using the fair value method. The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at September 30, 2015 and December 31, 2014 (dollar amounts in thousands): Level 1 inputs Level 2 inputs Level 3 inputs Total fair value September 30, 2015 $ - $ - $ 11,670 $ 11,670 December 31, 2014 $ - $ - $ 4,076 $ 4,076 Level 1 inputs Level 2 inputs Level 3 inputs Total fair value September 30, 2015 $ - $ - $ 190 $ 190 December 31, 2014 $ - $ - $ 354 $ 354 There were no transfers between valuation levels for any asset during the nine months ended September 30, 2015 or 2014. If valuation techniques are deemed necessary, the Company considers those transfers to occur at the end of the period when the assets are valued. The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurement (dollar amounts in thousands): Fair Value September 30, 2015 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans (collateral dependent) $ 3,747 Market Comparable Discount to reflect realizable value 0% - 17% (13%) Impaired loans $ 7,923 Discounted cash flow Discount rate 0% - 51% (16%) Foreclosed assets held for sale $ - Market Comparable Discount to reflect realizable value 0% The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying condensed consolidated balance sheets at amounts other than fair value. Cash and cash equivalents, interest-bearing deposits and Federal Home Loan Bank stock The carrying amounts reported in the condensed consolidated balance sheets approximate those assets' fair value. Held-to-maturity securities Fair value is based on quoted market prices, if available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. Loans The fair value of loans is estimated by discounting the future cash flows using the market rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Loans with similar characteristics were aggregated for purposes of the calculations. The carrying amount of accrued interest approximates its fair value. Deposits Deposits include demand deposits, savings accounts, NOW accounts and certain money market deposits. The carrying amount approximates fair value. The fair value of fixed-maturity certificates of deposit is estimated by discounting the future cash flows using rates currently offered for deposits of similar remaining maturities. Federal Home Loan Bank advances and securities sold under agreements to repurchase The fair value of advances and securities sold under agreements to repurchase is estimated by using rates on debt with similar terms and remaining maturities. Subordinated debentures For these variable rate instruments, the carrying amount is a reasonable estimate of fair value. There is currently a limited market for similar debt instruments and the Company has the option to call the subordinated debentures at an amount close to its par value. Interest payable The carrying amount approximates fair value. Commitments to originate loans, letters of credit and lines of credit The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present credit worthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. The following tables present estimated fair values of the Company’s financial instruments at September 30, 2015 and December 31, 2014. September 30, 2015 Carrying Amount Fair Value Hierarchy Level Financial assets: Cash and cash equivalents $ 9,418,464 $ 9,418,464 1 Held-to-maturity securities 47,112 48,247 2 Federal Home Loan Bank stock 3,013,500 3,013,500 2 Mortgage loans held for sale 323,531 323,531 2 Loans, net 502,530,330 502,004,897 3 Interest receivable 1,670,423 1,670,423 2 Financial liabilities: Deposits 505,162,619 502,734,534 2 Federal Home Loan Bank and Federal Reserve Bank advances 56,500,000 58,057,417 2 Securities sold under agreements to repurchase - - 2 Subordinated debentures 15,465,000 15,465,000 3 Interest payable 195,195 195,195 2 Unrecognized financial instruments (net of contractual value): Commitments to extend credit - - - Unused lines of credit - - - December 31, 2014 Carrying Amount Fair Value Hierarchy Level Financial assets: Cash and cash equivalents $ 12,493,890 $ 12,493,890 1 Held-to-maturity securities 60,993 62,619 2 Federal Home Loan Bank stock 3,156,900 3,156,900 2 Mortgage loans held for sale 1,214,632 1,214,632 2 Loans, net 486,586,636 487,244,753 3 Interest receivable 2,030,058 2,030,058 2 Financial liabilities: Deposits 479,818,282 476,519,750 2 Federal Home Loan Bank and Federal Reserve Bank advances 60,350,000 61,615,252 2 Securities sold under agreements to repurchase 10,000,000 10,371,866 2 Subordinated debentures 15,465,000 15,465,000 3 Interest payable 242,145 242,145 2 Unrecognized financial instruments (net of contractual value): Commitments to extend credit - - - Unused lines of credit - - -

Note 3 - Securities (Tables)

Note 3 - Securities (Tables)	9 Months Ended
	Sep. 30, 2015
Note 3 - Securities (Tables) [Line Items]
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of September 30, 2015 Equity Securities $ 102,212 $ 12,346 $ (14,864 ) $ 99,694 Debt Securities: U. S. government agencies 8,533,347 30 (41,180 ) 8,492,198 Municipals 23,555,831 175,458 (84,219 ) 23,647,070 Corporates 3,960,972 6,867 (53,089 ) 3,914,750 Government sponsored mortgage-backed securities and SBA loan pools 56,425,672 205,073 (484,348 ) 56,146,396 $ 92,578,034 $ 399,774 $ (677,700 ) $ 92,300,108 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of December 31, 2014 Equity Securities $ 102,212 $ 16,121 $ (13,310 ) $ 105,023 Debt Securities: U. S. government agencies 10,528,055 - (271,282 ) 10,256,773 Municipals 15,474,316 185,747 (70,173 ) 15,589,890 Government sponsored mortgage-backed securities and SBA loan pools 61,075,181 235,977 (794,859 ) 60,516,299 $ 87,179,764 $ 437,845 $ (1,149,624 ) $ 86,467,985
Available-for-sale Securities [Table Text Block]	Amortized Cost Approximate Fair Value < 1 year $ 285,000 $ 285,408 1-5 years $ 4,727,145 $ 4,728,528 6-10 years 15,591,686 15,610,114 After 10 years 15,446,319 15,429,968 Government sponsored mortgage-backed securities not due on a single maturity date 56,425,672 56,146,396 $ 92,475,822 $ 92,200,414
Held-to-maturity Securities [Table Text Block]	Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of September 30, 2015 Debt Securities: Government sponsored mortgage-backed securities $ 47,112 $ 1,136 $ - $ 48,247 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of December 31, 2014 Debt Securities: Government sponsored mortgage-backed securities $ 60,993 $ 1,626 $ - $ 62,619
Schedule of Unrealized Loss on Investments [Table Text Block]	September 30, 2015 Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Equity Securities $ - $ - $ 33,063 $ (14,864 ) $ 33,063 $ (14,864 ) U. S. government agencies 2,965,790 (17,557 ) 4,026,378 (23,623 ) 6,992,168 (41,180 ) Municipals 5,197,814 (61,727 ) 710,495 (22,492 ) 5,908,309 (84,219 ) Corporates 3,029,750 (53,089 ) - - 3,029,750 (53,089 ) Government sponsored mortgage-backed securities and SBA loan pools 17,085,254 (117,458 ) 16,924,705 (366,890 ) 34,009,959 (484,348 ) $ 28,278,608 $ (249,832 ) $ 21,694,640 $ (427,868 ) $ 49,973,248 $ (677,700 ) December 31, 2014 Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Equity Securities $ - $ - $ 34,618 $ (13,310 ) $ 34,618 $ (13,310 ) U. S. government agencies - - 10,256,773 (271,282 ) 10,256,773 (271,282 ) Municipals 2,677,626 (7,692 ) 5,859,560 (62,481 ) 8,537,186 (70,173 ) Government sponsored mortgage-backed securities and SBA loan pools 12,703,301 (70,049 ) 29,201,313 (724,810 ) 41,904,614 (794,859 ) $ 15,380,927 $ (77,741 ) $ 45,352,264 $ (1,071,883 ) $ 60,733,191 $ (1,149,624 )
Held-to-maturity Securities [Member]
Note 3 - Securities (Tables) [Line Items]
Held-to-maturity Securities [Table Text Block]	Amortized Cost Approximate Fair Value Government sponsored mortgage-backed securities not due on a single maturity date $ 47,112 $ 48,247

Note 4 - Loans and Allowance 18

Note 4 - Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 30, December 31, 2015 2014 Real estate - residential mortgage: One to four family units $ 95,258,088 $ 97,900,814 Multi-family 39,929,250 33,785,959 Real estate - construction 40,381,309 36,784,584 Real estate - commercial 224,236,614 215,605,054 Commercial loans 87,314,328 92,114,216 Consumer and other loans 22,552,483 17,246,437 Total loans 509,672,072 493,437,064 Less: Allowance for loan losses (6,821,114 ) (6,588,597 ) Deferred loan fees/costs, net (320,628 ) (261,831 ) Net loans $ 502,530,330 $ 486,586,636
Past Due Financing Receivables [Table Text Block]	30-59 Days Past Due 60-89 Days Past Due 90 Days and more Past Due Total Past Due Current Total Loans Receivable Total Loans > 90 Days and Accruing (In Thousands) Real estate - residential mortgage: One to four family units 1,363 98 324 $ 1,785 $ 93,473 95,258 $ - Multi-family - - - - 39,929 39,929 - Real estate - construction 6,889 - - 6,889 33,492 40,381 - Real estate - commercial 1,241 - - 1,241 222,996 224,237 - Commercial loans 797 - 685 1,482 85,832 87,314 - Consumer and other loans 23 - - 23 22,530 22,553 - Total $ 10,313 $ 98 $ 1,009 $ 11,420 $ 498,252 $ 509,672 $ - 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Loans Receivable Total Loans > 90 Days and Accruing (In Thousands) Real estate - residential mortgage: One to four family units $ 113 $ 428 $ 279 $ 820 $ 97,081 $ 97,901 $ - Multi-family - - - - 33,786 33,786 - Real estate - construction - - - - 36,785 36,785 - Real estate - commercial - - - - 215,605 215,605 - Commercial loans - - 227 227 91,887 92,114 - Consumer and other loans 23 35 - 58 17,188 17,246 - Total $ 136 $ 463 $ 506 $ 1,105 $ 492,332 $ 493,437 $ -
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	September 30, December 31, 2015 2014 Real estate - residential mortgage: One to four family units $ 2,307,794 $ 911,240 Multi-family - - Real estate - construction 9,572,835 2,892,772 Real estate - commercial 161,491 459,823 Commercial loans 1,611,981 1,026,772 Consumer and other loans 13,235 - Total $ 13,667,336 $ 5,290,607
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Three months ended September 30, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 1,346 $ 1,945 $ 805 $ 151 $ 1,893 $ 232 $ 279 $ 6,651 Provision charged to expense 921 (363 ) (25 ) 10 (410 ) (4 ) 71 $ 200 Losses charged off - - (1 ) - - (46 ) - $ (47 ) Recoveries 1 - 4 - 1 11 - $ 17 Balance, end of period $ 2,268 $ 1,582 $ 783 $ 161 $ 1,484 $ 193 $ 350 $ 6,821 Nine months ended September 30, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 1,330 $ 1,992 $ 900 $ 127 $ 1,954 $ 185 $ 101 $ 6,589 Provision charged to expense 929 (410 ) (32 ) 34 (474 ) 54 249 $ 350 Losses charged off - - (99 ) - - (80 ) - $ (179 ) Recoveries 9 - 14 - 4 34 - $ 61 Balance, end of period $ 2,268 $ 1,582 $ 783 $ 161 $ 1,484 $ 193 $ 350 $ 6,821 Three months ended September 30, 2014 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 1,879 $ 2,284 $ 1,014 $ 146 $ 1,244 $ 221 $ - $ 6,788 Provision charged to expense (244 ) (418 ) (84 ) (30 ) 1,135 (4 ) 95 $ 450 Losses charged off - - (27 ) - (792 ) (16 ) - $ (835 ) Recoveries 1 99 3 - 22 10 - $ 135 Balance, end of period $ 1,636 $ 1,965 $ 906 $ 116 $ 1,609 $ 211 $ 95 $ 6,538 Nine months ended September 30, 2014 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 2,387 $ 2,059 $ 997 $ 209 $ 1,519 $ 272 $ 359 $ 7,802 Provision charged to expense (548 ) (184 ) 30 (93 ) 2,049 (15 ) (264 ) $ 975 Losses charged off (207 ) (9 ) (127 ) - (2,014 ) (84 ) - $ (2,441 ) Recoveries 4 99 6 - 55 38 - $ 202 Balance, end of period $ 1,636 $ 1,965 $ 906 $ 116 $ 1,609 $ 211 $ 95 $ 6,538 As of September 30, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Ending balance: individually evaluated for impairment $ 1,686 $ - $ - $ - $ 312 $ 15 $ - $ 2,013 Ending balance: collectively evaluated for impairment $ 582 $ 1,582 $ 783 $ 161 $ 1,172 $ 178 $ 350 $ 4,808 Loans: Ending balance: individually evaluated for impairment $ 9,573 $ 161 $ 2,308 $ - $ 1,612 $ 2,253 $ - $ 15,907 Ending balance: collectively evaluated for impairment $ 30,808 $ 224,076 $ 92,950 $ 39,929 $ 85,702 $ 20,300 $ - $ 493,765 December 31, 2014 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Ending balance: individually evaluated for impairment $ 376 $ 158 $ 36 $ - $ 203 $ 12 $ - $ 785 Ending balance: collectively evaluated for impairment $ 954 $ 1,834 $ 864 $ 127 $ 1,751 $ 173 $ 101 $ 5,804 Loans: Ending balance: individually evaluated for impairment $ 2,893 $ 460 $ 847 $ - $ 1,027 $ 801 $ - $ 6,028 Ending balance: collectively evaluated for impairment $ 33,892 $ 215,145 $ 97,054 $ 33,786 $ 91,087 $ 16,445 $ - $ 487,409
Impaired Financing Receivables [Table Text Block]	September 30, 2015 December 31, 2014 Recorded Balance Unpaid Principal Balance Specific Allowance Recorded Balance Unpaid Principal Balance Specific Allowance (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 2,308 $ 2,308 $ - $ 632 $ 632 $ - Multi-family - - - - - - Real estate - construction 4,437 4,437 - 74 74 - Real estate - commercial 161 161 - - - - Commercial loans 993 993 - 341 341 - Consumer and other loans 2,253 2,253 - - - - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ - $ - - $ 279 $ 279 $ 36 Multi-family - - - - - - Real estate - construction 5,136 6,391 1,686 2,819 4,074 376 Real estate - commercial - - - 460 460 158 Commercial loans 611 914 312 685 988 203 Consumer and other loans - - 15 91 91 12 Total Real estate - residential mortgage: One to four family units $ 2,308 $ 2,308 $ - $ 911 $ 911 $ 36 Multi-family - - - - - - Real estate - construction 9,573 10,828 1,686 2,893 4,148 376 Real estate - commercial 161 161 - 460 460 158 Commercial loans 1,604 1,907 312 1,026 1,329 203 Consumer and other loans 2,253 2,253 15 91 91 12 Total $ 15,899 $ 17,457 $ 2,013 $ 5,381 $ 6,939 $ 785 For the Three Months Ended For the Three Months Ended September 30, 2015 September 30, 2014 Average Investment in Impaired Loans Interest Income Recognized Average Investment in Impaired Loans Interest Income Recognized (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units 1,340 1 $ 627 $ - Multi-family - - 138 - Real estate - construction 1,528 - 74 - Real estate - commercial 54 - - - Commercial loans 640 - 949 98 Consumer and other loans 1,179 1 - - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units - - $ 340 $ - Multi-family - - - - Real estate - construction 3,452 - 3,307 - Real estate - commercial - - 478 - Commercial loans 612 - 447 - Consumer and other loans - - 79 - Total Real estate - residential mortgage: One to four family units $ 1,340 $ 1 $ 967 $ - Multi-family - - 138 - Real estate - construction 4,980 - 3,381 - Real estate - commercial 54 - 478 - Commercial loans 1,252 - 1,396 98 Consumer and other loans 1,179 1 79 - Total $ 8,805 $ 2 $ 6,439 $ 98 For the Nine Months Ended For the Nine Months Ended September 30, 2015 September 30, 2014 Average Investment in Impaired Loans Interest Income Recognized Average Investment in Impaired Loans Interest Income Recognized (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 932 2 $ 710 $ 1 Multi-family - - 46 - Real estate - construction 559 - 88 - Real estate - commercial 18 - 272 - Commercial loans 434 - 2,375 196 Consumer and other loans 402 1 - - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 304 - $ 333 $ - Multi-family - - - - Real estate - construction 2,937 - 3,691 - Real estate - commercial - - 434 - Commercial loans 618 - 1,414 - Consumer and other loans 92 - 277 - Total Real estate - residential mortgage: One to four family units $ 1,236 $ 2 $ 1,043 $ 1 Multi-family - - 46 - Real estate - construction 3,496 - 3,779 - Real estate - commercial 18 - 706 - Commercial loans 1,052 - 3,789 196 Consumer and other loans 494 1 277 - Total $ 6,296 $ 3 $ 9,640 $ 197
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	Number of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Real estate - residential mortgage: One to four family units - $ - $ - Multi-family - - - Real estate - construction - - - Real estate - commercial - - - Commercial loans 2 283,824 283,824 Consumer and other loans - - - Total 2 $ 283,824 $ 283,824 Interest Rate Term Combination Total Modification Real estate - residential mortgage: One to four family units $ - $ - $ - $ - Multi-family - - - - Real estate - construction - - - - Real estate - commercial - - - - Commercial loans - 283,824 - 283,824 Consumer and other loans - - - - Total $ - $ 283,824 $ - $ 283,824 September 30, December 31, 2015 2014 Real estate - residential mortgage: One to four family units $ 216,663 $ 505,047 Multi-family - - Real estate - construction 2,683,792 2,892,772 Real estate - commercial - 459,823 Commercial loans 997,228 799,572 Consumer and other loans - - Total $ 3,897,683 $ 4,657,214
Financing Receivable Credit Quality Indicators [Table Text Block]	September 30, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Total (In Thousands) Rating: Pass $ 30,808 $ 213,542 $ 87,735 $ 39,352 $ 78,344 $ 20,180 $ 469,961 Special Mention - 4,778 3,907 577 3,503 - 12,765 Substandard 9,573 5,917 3,616 - 4,864 2,373 26,343 Doubtful - - - - 603 - 603 Total $ 40,381 $ 224,237 $ 95,258 $ 39,929 $ 87,314 $ 22,553 $ 509,672 December 31, 2014 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Total (In Thousands) Rating: Pass $ 27,370 $ 207,311 $ 94,129 $ 33,786 $ 78,197 $ 17,015 $ 457,808 Special Mention 6,522 5,076 2,501 - 10,273 - 24,372 Substandard 2,893 2,758 1,271 - 3,644 231 10,797 Doubtful - 460 - - - - 460 Total $ 36,785 $ 215,605 $ 97,901 $ 33,786 $ 92,114 $ 17,246 $ 493,437

Note 5 - Benefit Plans (Tables)

Note 5 - Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Number of shares Incentive Stock Option Non-Incentive Stock Option Weighted Average Exercise Price Balance outstanding as of January 1, 2015 140,300 82,500 $ 18.23 Granted - - - Exercised (2,800 ) (25,000 ) 5.21 Forfeited (28,000 ) - 24.14 Balance outstanding as of September 30, 2015 109,500 57,500 19.41 Options exercisable as of September 30, 2015 109,500 57,500 19.41
Nonvested Restricted Stock Shares Activity [Table Text Block]	Number of shares Weighted Average Grant-Date Price Balance of shares non-vested as of January 1, 2015 30,503 $ 10.26 Granted 28,451 14.78 Vested (15,083 ) 11.64 Forfeited (894 ) 12.26 Balance of shares non-vested as of September 30, 2015 42,977 12.73

Note 6 - Income Per Common Sh20

Note 6 - Income Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For three months ended September 30, 2015 For nine months ended September 30, 2015 Income Available to Common Shareholders Average Common Shares Outstanding Per Common Share Income Available to Common Shareholders Average Common Shares Outstanding Per Common Share Basic Income Per Common Share $ 1,418,635 4,338,803 $ 0.33 $ 4,286,128 4,329,526 $ 0.99 Effect of Dilutive Securities 55,216 56,340 Diluted Income Per Common Share $ 1,418,635 4,394,019 $ 0.32 $ 4,286,128 4,385,866 $ 0.98 For three months ended September 30, 2014 For nine months ended September 30, 2014 Income Available to Common Shareholders Average Common Shares Outstanding Per Common Share Income Available to Common Shareholders Average Common Shares Outstanding Per Common Share Basic Income Per Common Share $ 1,360,483 4,278,733 $ 0.32 $ 3,643,382 3,907,490 $ 0.93 Effect of Dilutive Securities 66,301 70,814 Diluted Income Per Common Share $ 1,360,483 4,345,034 $ 0.31 $ 3,643,382 3,978,304 $ 0.92

Note 8 - Disclosures about Fa21

Note 8 - Disclosures about Fair Value of Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Equity securities $ 100 $ - $ - $ 100 Debt securities: U.S. government agencies - 8,492 - 8,492 Municipals - 23,647 - 23,647 Corporate Bonds - 3,915 - 3,915 Government sponsored mortgage-backed securities and SBA loan pools - 56,146 - 56,146 Available-for-sale securities $ 100 $ 92,200 $ - $ 92,300 Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Equity securities $ 105 $ - $ - $ 105 Debt securities: U.S. government agencies - 10,257 - 10,257 Municipals - 15,590 - 15,590 Government sponsored mortgage-backed securities and SBA loan pools - 60,516 - 60,516 Available-for-sale securities $ 105 $ 86,363 $ - $ 86,468
Fair Value Measurements, Nonrecurring [Table Text Block]	Level 1 inputs Level 2 inputs Level 3 inputs Total fair value September 30, 2015 $ - $ - $ 11,670 $ 11,670 December 31, 2014 $ - $ - $ 4,076 $ 4,076 Level 1 inputs Level 2 inputs Level 3 inputs Total fair value September 30, 2015 $ - $ - $ 190 $ 190 December 31, 2014 $ - $ - $ 354 $ 354
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	Fair Value September 30, 2015 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans (collateral dependent) $ 3,747 Market Comparable Discount to reflect realizable value 0% - 17% (13%) Impaired loans $ 7,923 Discounted cash flow Discount rate 0% - 51% (16%) Foreclosed assets held for sale $ - Market Comparable Discount to reflect realizable value 0%
Fair Value, by Balance Sheet Grouping [Table Text Block]	September 30, 2015 Carrying Amount Fair Value Hierarchy Level Financial assets: Cash and cash equivalents $ 9,418,464 $ 9,418,464 1 Held-to-maturity securities 47,112 48,247 2 Federal Home Loan Bank stock 3,013,500 3,013,500 2 Mortgage loans held for sale 323,531 323,531 2 Loans, net 502,530,330 502,004,897 3 Interest receivable 1,670,423 1,670,423 2 Financial liabilities: Deposits 505,162,619 502,734,534 2 Federal Home Loan Bank and Federal Reserve Bank advances 56,500,000 58,057,417 2 Securities sold under agreements to repurchase - - 2 Subordinated debentures 15,465,000 15,465,000 3 Interest payable 195,195 195,195 2 Unrecognized financial instruments (net of contractual value): Commitments to extend credit - - - Unused lines of credit - - - December 31, 2014 Carrying Amount Fair Value Hierarchy Level Financial assets: Cash and cash equivalents $ 12,493,890 $ 12,493,890 1 Held-to-maturity securities 60,993 62,619 2 Federal Home Loan Bank stock 3,156,900 3,156,900 2 Mortgage loans held for sale 1,214,632 1,214,632 2 Loans, net 486,586,636 487,244,753 3 Interest receivable 2,030,058 2,030,058 2 Financial liabilities: Deposits 479,818,282 476,519,750 2 Federal Home Loan Bank and Federal Reserve Bank advances 60,350,000 61,615,252 2 Securities sold under agreements to repurchase 10,000,000 10,371,866 2 Subordinated debentures 15,465,000 15,465,000 3 Interest payable 242,145 242,145 2 Unrecognized financial instruments (net of contractual value): Commitments to extend credit - - - Unused lines of credit - - -

Note 3 - Securities (Details)

Note 3 - Securities (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Available-for-sale Securities Pledged as Collateral, Book Value	$ 50,440,506		$ 53,355,716
Available-for-sale Securities Pledged as Collateral	50,372,066		52,907,065
Available-for-sale Securities, Gross Realized Gains	165,799	$ 175,941
Available-for-sale Securities, Gross Realized Losses	14,638	166,804
Available-for-sale Securities, Gross Realized Gain (Loss), Tax Effect	55,930	$ 3,381
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 49,973,248		$ 60,733,191
Percentage of Securities in Continuous Unrealized Loss Position to Total Investment Portfolio	54.00%		70.00%

Note 3 - Securities (Details) -

Note 3 - Securities (Details) - Available-for-sale Securities - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Note 3 - Securities (Details) - Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	$ 92,578,034	$ 87,179,764
Available-for-sale securities, gross unrealized (losses)	(677,700)	(1,149,624)
Available-for-sale securities, approximate fair value	92,300,108	86,467,985
Available-for-sale securities, gross unrealized gains	399,774	437,845
Equity Securities [Member]
Note 3 - Securities (Details) - Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	102,212	102,212
Available-for-sale securities, gross unrealized (losses)	(14,864)	(13,310)
Available-for-sale securities, approximate fair value	99,694	105,023
Available-for-sale securities, gross unrealized gains	12,346	16,121
US Government Agencies Debt Securities [Member]
Note 3 - Securities (Details) - Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	8,533,347	10,528,055
Available-for-sale securities, gross unrealized (losses)	(41,180)	(271,282)
Available-for-sale securities, approximate fair value	8,492,198	10,256,773
Available-for-sale securities, gross unrealized gains	30
US States and Political Subdivisions Debt Securities [Member]
Note 3 - Securities (Details) - Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	23,555,831	15,474,316
Available-for-sale securities, gross unrealized (losses)	(84,219)	(70,173)
Available-for-sale securities, approximate fair value	23,647,070	15,589,890
Available-for-sale securities, gross unrealized gains	175,458	185,747
Corporate Debt Securities [Member]
Note 3 - Securities (Details) - Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	3,960,972
Available-for-sale securities, gross unrealized (losses)	(53,089)
Available-for-sale securities, approximate fair value	3,914,750
Available-for-sale securities, gross unrealized gains	6,867
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 3 - Securities (Details) - Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	56,425,672	61,075,181
Available-for-sale securities, gross unrealized (losses)	(484,348)	(794,859)
Available-for-sale securities, approximate fair value	56,146,396	60,516,299
Available-for-sale securities, gross unrealized gains	$ 205,073	$ 235,977

Note 3 - Securities (Details)24

Note 3 - Securities (Details) - Available-for-sale Securities by Maturity	Sep. 30, 2015USD ($)
Available-for-sale Securities by Maturity [Abstract]
1 year	$ 285,000
1 year	285,408
1-5 years	4,727,145
1-5 years	4,728,528
6-10 years	15,591,686
6-10 years	15,610,114
After 10 years	15,446,319
After 10 years	15,429,968
Government sponsored mortgage-backed securities not due on a single maturity date	56,425,672
Government sponsored mortgage-backed securities not due on a single maturity date	56,146,396
	92,475,822
	$ 92,200,414

Note 3 - Securities (Details)25

Note 3 - Securities (Details) - Held-to-maturity Securities - Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Debt Securities:
Held-to-maturity securities, amortized cost	$ 47,112	$ 60,993
Held-to-maturity securities, gross unrealized gains	1,136	1,626
Held-to-maturity securities, approximate fair value	$ 48,247	$ 62,619

Note 3 - Securities (Details)26

Note 3 - Securities (Details) - Held-to-maturity Securities by Maturity	Sep. 30, 2015USD ($)
Held-to-maturity Securities by Maturity [Abstract]
Government sponsored mortgage-backed securities not due on a single maturity date	$ 47,112
Government sponsored mortgage-backed securities not due on a single maturity date	$ 48,247

Note 3 - Securities (Details)27

Note 3 - Securities (Details) - Securities in a Continuous Unrealized Loss Position - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Note 3 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, less than 12 months, fair value	$ 28,278,608	$ 15,380,927
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(249,832)	(77,741)
Securities, continuous unrealized loss position, 12 months or more, fair value	21,694,640	45,352,264
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(427,868)	(1,071,883)
Securities, continuous unrealized loss position, fair value	49,973,248	60,733,191
Securities, continuous unrealized loss position, unrealized losses	(677,700)	(1,149,624)
Equity Securities [Member]
Note 3 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, 12 months or more, fair value	33,063	34,618
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(14,864)	(13,310)
Securities, continuous unrealized loss position, fair value	33,063	34,618
Securities, continuous unrealized loss position, unrealized losses	(14,864)	(13,310)
US Government Agencies Debt Securities [Member]
Note 3 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, less than 12 months, fair value	2,965,790
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(17,557)
Securities, continuous unrealized loss position, 12 months or more, fair value	4,026,378	10,256,773
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(23,623)	(271,282)
Securities, continuous unrealized loss position, fair value	6,992,168	10,256,773
Securities, continuous unrealized loss position, unrealized losses	(41,180)	(271,282)
US States and Political Subdivisions Debt Securities [Member]
Note 3 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, less than 12 months, fair value	5,197,814	2,677,626
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(61,727)	(7,692)
Securities, continuous unrealized loss position, 12 months or more, fair value	710,495	5,859,560
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(22,492)	(62,481)
Securities, continuous unrealized loss position, fair value	5,908,309	8,537,186
Securities, continuous unrealized loss position, unrealized losses	(84,219)	(70,173)
Corporate Debt Securities [Member]
Note 3 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, less than 12 months, fair value	3,029,750
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(53,089)
Securities, continuous unrealized loss position, fair value	3,029,750
Securities, continuous unrealized loss position, unrealized losses	(53,089)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 3 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, less than 12 months, fair value	17,085,254	12,703,301
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(117,458)	(70,049)
Securities, continuous unrealized loss position, 12 months or more, fair value	16,924,705	29,201,313
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(366,890)	(724,810)
Securities, continuous unrealized loss position, fair value	34,009,959	41,904,614
Securities, continuous unrealized loss position, unrealized losses	$ (484,348)	$ (794,859)

Note 4 - Loans and Allowance 28

Note 4 - Loans and Allowance for Loan Losses (Details)	9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items]
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Troubled Debt Restructurings [Member]
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items]
Allowance for Credit Losses, Change in Method of Calculating Impairment	$ 765,284		$ 773,652
Commercial Portfolio Segment [Member]
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items]
Financing Receivable, Modifications, Subsequent Default, Number of Contracts		2
Financing Receivable, Modifications, Subsequent Default, Recorded Investment		$ 1,768,081
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items]
Financing Receivable, Modifications, Subsequent Default, Number of Contracts		1
Financing Receivable, Modifications, Subsequent Default, Recorded Investment		$ 282,369

Note 4 - Loans and Allowance 29

Note 4 - Loans and Allowance for Loan Losses (Details) - Loans by Category - USD ($)	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Real estate - residential mortgage:
Loans receivable	$ 509,672,072		$ 493,437,064
Less:
Allowance for loan losses	(6,821,114)	$ (6,651,000)	(6,588,597)	$ (6,538,000)	$ (6,788,000)	$ (7,802,000)
Deferred loan fees/costs, net	(320,628)		(261,831)
Net loans	502,530,330		486,586,636
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Real estate - residential mortgage:
Loans receivable	95,258,088		97,900,814
Less:
Allowance for loan losses	(783,000)	(805,000)	(900,000)	(906,000)	(1,014,000)	(997,000)
Residential Portfolio Segment [Member] | Multi-family Units [Member]
Real estate - residential mortgage:
Loans receivable	39,929,250		33,785,959
Less:
Allowance for loan losses	(161,000)	(151,000)	(127,000)	(116,000)	(146,000)	(209,000)
Residential Portfolio Segment [Member] | Construction Loans [Member]
Real estate - residential mortgage:
Loans receivable	40,381,309		36,784,584
Less:
Allowance for loan losses	(2,268,000)	(1,346,000)	(1,330,000)	(1,636,000)	(1,879,000)	(2,387,000)
Commercial Real Estate Portfolio Segment [Member]
Real estate - residential mortgage:
Loans receivable	224,236,614		215,605,054
Commercial Portfolio Segment [Member]
Real estate - residential mortgage:
Loans receivable	87,314,328		92,114,216
Less:
Allowance for loan losses	(1,484,000)	(1,893,000)	(1,954,000)	(1,609,000)	(1,244,000)	(1,519,000)
Consumer Portfolio Segment [Member] | Other Loans [Member]
Real estate - residential mortgage:
Loans receivable	22,552,483		17,246,437
Less:
Allowance for loan losses	$ (193,000)	$ (232,000)	$ (185,000)	$ (211,000)	$ (221,000)	$ (272,000)

Note 4 - Loans and Allowance 30

Note 4 - Loans and Allowance for Loan Losses (Details) - Loans by Aging - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Real estate - residential mortgage:
Loans receivable, past due	$ 11,420,000	$ 1,105,000
Loans receivable, current	498,252,000	492,332,000
Loans receivable	509,672,072	493,437,064
Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	10,313,000	136,000
Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	98,000	463,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	1,009,000	506,000
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Real estate - residential mortgage:
Loans receivable, past due	1,785,000	820,000
Loans receivable, current	93,473,000	97,081,000
Loans receivable	95,258,088	97,900,814
Residential Portfolio Segment [Member] | One-to-four Family Units [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	1,363,000	113,000
Residential Portfolio Segment [Member] | One-to-four Family Units [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	98,000	428,000
Residential Portfolio Segment [Member] | One-to-four Family Units [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	324,000	279,000
Residential Portfolio Segment [Member] | Multi-family Units [Member]
Real estate - residential mortgage:
Loans receivable, current	39,929,000	33,786,000
Loans receivable	39,929,250	33,785,959
Residential Portfolio Segment [Member] | Construction Loans [Member]
Real estate - residential mortgage:
Loans receivable, past due	6,889,000
Loans receivable, current	33,492,000	36,785,000
Loans receivable	40,381,309	36,784,584
Residential Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	6,889,000
Commercial Real Estate Portfolio Segment [Member]
Real estate - residential mortgage:
Loans receivable, past due	1,241,000
Loans receivable, current	222,996,000	215,605,000
Loans receivable	224,236,614	215,605,054
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	1,241,000
Commercial Portfolio Segment [Member]
Real estate - residential mortgage:
Loans receivable, past due	1,482,000	227,000
Loans receivable, current	85,832,000	91,887,000
Loans receivable	87,314,328	92,114,216
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	797,000
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	685,000	227,000
Consumer Portfolio Segment [Member] | Other Loans [Member]
Real estate - residential mortgage:
Loans receivable, past due	23,000	58,000
Loans receivable, current	22,530,000	17,188,000
Loans receivable	22,552,483	17,246,437
Consumer Portfolio Segment [Member] | Other Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	$ 23,000	23,000
Consumer Portfolio Segment [Member] | Other Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due		$ 35,000

Note 4 - Loans and Allowance 31

Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccruing Loans - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Real estate - residential mortgage:
Nonaccruing loans	$ 13,667,336	$ 5,290,607
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Real estate - residential mortgage:
Nonaccruing loans	2,307,794	911,240
Residential Portfolio Segment [Member] | Construction Loans [Member]
Real estate - residential mortgage:
Nonaccruing loans	9,572,835	2,892,772
Commercial Real Estate Portfolio Segment [Member]
Real estate - residential mortgage:
Nonaccruing loans	161,491	459,823
Commercial Portfolio Segment [Member]
Real estate - residential mortgage:
Nonaccruing loans	1,611,981	$ 1,026,772
Consumer Portfolio Segment [Member] | Other Loans [Member]
Real estate - residential mortgage:
Nonaccruing loans	$ 13,235

Note 4 - Loans and Allowance 32

Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance for Loan Losses - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Allowance for loan losses:
Balance, beginning of period	$ 6,651,000	$ 6,788,000	$ 6,588,597	$ 7,802,000
Balance, end of period	6,821,114	6,538,000	6,821,114	6,538,000
Provision charged to expense	200,000	450,000	350,000	975,000
Losses charged off	(47,000)	(835,000)	(179,000)	(2,441,000)
Recoveries	17,000	135,000	61,000	202,000
Allowance for loan losses:
Ending balance: individually evaluated for impairment	2,013,000		2,013,000		$ 785,000
Ending balance: collectively evaluated for impairment	4,808,000		4,808,000		5,804,000
Loans:
Loans ending balance: individually evaluated for impairment	15,907,000		15,907,000		6,028,000
Loans ending balance: collectively evaluated for impairment	493,765,000		493,765,000		487,409,000
Residential Portfolio Segment [Member] | Construction Loans [Member]
Allowance for loan losses:
Balance, beginning of period	1,346,000	1,879,000	1,330,000	2,387,000
Balance, end of period	2,268,000	1,636,000	2,268,000	1,636,000
Provision charged to expense	921,000	(244,000)	929,000	(548,000)
Losses charged off	0	0	0	(207,000)
Recoveries	1,000	1,000	9,000	4,000
Allowance for loan losses:
Ending balance: individually evaluated for impairment	1,686,000		1,686,000		376,000
Ending balance: collectively evaluated for impairment	582,000		582,000		954,000
Loans:
Loans ending balance: individually evaluated for impairment	9,573,000		9,573,000		2,893,000
Loans ending balance: collectively evaluated for impairment	30,808,000		30,808,000		33,892,000
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Allowance for loan losses:
Balance, beginning of period	805,000	1,014,000	900,000	997,000
Balance, end of period	783,000	906,000	783,000	906,000
Provision charged to expense	(25,000)	(84,000)	(32,000)	30,000
Losses charged off	(1,000)	(27,000)	(99,000)	(127,000)
Recoveries	4,000	3,000	14,000	6,000
Allowance for loan losses:
Ending balance: individually evaluated for impairment					36,000
Ending balance: collectively evaluated for impairment	783,000		783,000		864,000
Loans:
Loans ending balance: individually evaluated for impairment	2,308,000		2,308,000		847,000
Loans ending balance: collectively evaluated for impairment	92,950,000		92,950,000		97,054,000
Residential Portfolio Segment [Member] | Multi-family Units [Member]
Allowance for loan losses:
Balance, beginning of period	151,000	146,000	127,000	209,000
Balance, end of period	161,000	116,000	161,000	116,000
Provision charged to expense	10,000	(30,000)	34,000	(93,000)
Losses charged off	0	0	0	0
Recoveries	0	0	0	0
Allowance for loan losses:
Ending balance: individually evaluated for impairment	0		0		0
Ending balance: collectively evaluated for impairment	161,000		161,000		127,000
Loans:
Loans ending balance: individually evaluated for impairment	0		0		0
Loans ending balance: collectively evaluated for impairment	39,929,000		39,929,000		33,786,000
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Allowance for loan losses:
Balance, beginning of period	1,945,000	2,284,000	1,992,000	2,059,000
Balance, end of period	1,582,000	1,965,000	1,582,000	1,965,000
Provision charged to expense	(363,000)	(418,000)	(410,000)	(184,000)
Losses charged off	0	0	0	(9,000)
Recoveries	0	99,000	0	99,000
Allowance for loan losses:
Ending balance: individually evaluated for impairment	0		0		158,000
Ending balance: collectively evaluated for impairment	1,582,000		1,582,000		1,834,000
Loans:
Loans ending balance: individually evaluated for impairment	161,000		161,000		460,000
Loans ending balance: collectively evaluated for impairment	224,076,000		224,076,000		215,145,000
Commercial Portfolio Segment [Member]
Allowance for loan losses:
Balance, beginning of period	1,893,000	1,244,000	1,954,000	1,519,000
Balance, end of period	1,484,000	1,609,000	1,484,000	1,609,000
Provision charged to expense	(410,000)	1,135,000	(474,000)	2,049,000
Losses charged off	0	(792,000)	0	(2,014,000)
Recoveries	1,000	22,000	4,000	55,000
Allowance for loan losses:
Ending balance: individually evaluated for impairment	312,000		312,000		203,000
Ending balance: collectively evaluated for impairment	1,172,000		1,172,000		1,751,000
Loans:
Loans ending balance: individually evaluated for impairment	1,612,000		1,612,000		1,027,000
Loans ending balance: collectively evaluated for impairment	85,702,000		85,702,000		91,087,000
Consumer Portfolio Segment [Member] | Other Loans [Member]
Allowance for loan losses:
Balance, beginning of period	232,000	221,000	185,000	272,000
Balance, end of period	193,000	211,000	193,000	211,000
Provision charged to expense	(4,000)	(4,000)	54,000	(15,000)
Losses charged off	(46,000)	(16,000)	(80,000)	(84,000)
Recoveries	11,000	10,000	34,000	38,000
Allowance for loan losses:
Ending balance: individually evaluated for impairment	15,000		15,000		12,000
Ending balance: collectively evaluated for impairment	178,000		178,000		173,000
Loans:
Loans ending balance: individually evaluated for impairment	2,253,000		2,253,000		801,000
Loans ending balance: collectively evaluated for impairment	20,300,000		20,300,000		16,445,000
Unallocated [Member]
Allowance for loan losses:
Balance, beginning of period	279,000	0	101,000	359,000
Balance, end of period	350,000	95,000	350,000	95,000
Provision charged to expense	71,000	95,000	249,000	(264,000)
Losses charged off	0	0	0	0
Recoveries	0	$ 0	0	$ 0
Allowance for loan losses:
Ending balance: individually evaluated for impairment	0		0		0
Ending balance: collectively evaluated for impairment	350,000		350,000		101,000
Loans:
Loans ending balance: individually evaluated for impairment	0		0		0
Loans ending balance: collectively evaluated for impairment	$ 0		$ 0		$ 0

Note 4 - Loans and Allowance 33

Note 4 - Loans and Allowance for Loan Losses (Details) - Impaired Loans - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Loans with a specific valuation allowance
Valuation allowance	$ 2,013		$ 2,013		$ 785
Total
Loans recorded balance	15,899		15,899		5,381
Loans unpaid principal	17,457		17,457		6,939
Valuation allowance	2,013		2,013		785
Loans average investment in impaired loans	8,805	$ 6,439	6,296	$ 9,640
Loans interest income recognized	2	98	3	197
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Loans without a specific valuation allowance
Loans without a specific valuation allowance, recorded balance	2,308		2,308		632
Loans without a specific valuation allowance, unpaid principal	2,308		2,308		632
Loans without a specific valuation allowance, average investment in impaired loans	1,340	627	932	710
Loans without a specific valuation allowance, interest income recognized	1		2	1
Loans with a specific valuation allowance
Loans with a specific valuation allowance, recorded balance					279
Loans with a specific valuation allowance, unpaid principal					279
Valuation allowance					36
Loans with a specific valuation allowance, average investment in impaired loans		340	304	333
Total
Loans recorded balance	2,308		2,308		911
Loans unpaid principal	2,308		2,308		911
Valuation allowance					36
Loans average investment in impaired loans	1,340	967	1,236	1,043
Loans interest income recognized	1		2	1
Residential Portfolio Segment [Member] | Multi-family Units [Member]
Loans without a specific valuation allowance
Loans without a specific valuation allowance, average investment in impaired loans		138		46
Total
Loans average investment in impaired loans		138		46
Residential Portfolio Segment [Member] | Construction Loans [Member]
Loans without a specific valuation allowance
Loans without a specific valuation allowance, recorded balance	4,437		4,437		74
Loans without a specific valuation allowance, unpaid principal	4,437		4,437		74
Loans without a specific valuation allowance, average investment in impaired loans	1,528	74	559	88
Loans with a specific valuation allowance
Loans with a specific valuation allowance, recorded balance	5,136		5,136		2,819
Loans with a specific valuation allowance, unpaid principal	6,391		6,391		4,074
Valuation allowance	1,686		1,686		376
Loans with a specific valuation allowance, average investment in impaired loans	3,452	3,307	2,937	3,691
Total
Loans recorded balance	9,573		9,573		2,893
Loans unpaid principal	10,828		10,828		4,148
Valuation allowance	1,686		1,686		376
Loans average investment in impaired loans	4,980	3,381	3,496	3,779
Commercial Real Estate Portfolio Segment [Member]
Loans without a specific valuation allowance
Loans without a specific valuation allowance, recorded balance	161		161
Loans without a specific valuation allowance, unpaid principal	161		161
Loans without a specific valuation allowance, average investment in impaired loans	54		18	272
Loans with a specific valuation allowance
Loans with a specific valuation allowance, recorded balance					460
Loans with a specific valuation allowance, unpaid principal					460
Valuation allowance					158
Loans with a specific valuation allowance, average investment in impaired loans		478		434
Total
Loans recorded balance	161		161		460
Loans unpaid principal	161		161		460
Valuation allowance					158
Loans average investment in impaired loans	54	478	18	706
Commercial Portfolio Segment [Member]
Loans without a specific valuation allowance
Loans without a specific valuation allowance, recorded balance	993		993		341
Loans without a specific valuation allowance, unpaid principal	993		993		341
Loans without a specific valuation allowance, average investment in impaired loans	640	949	434	2,375
Loans without a specific valuation allowance, interest income recognized		98		196
Loans with a specific valuation allowance
Loans with a specific valuation allowance, recorded balance	611		611		685
Loans with a specific valuation allowance, unpaid principal	914		914		988
Valuation allowance	312		312		203
Loans with a specific valuation allowance, average investment in impaired loans	612	447	618	1,414
Total
Loans recorded balance	1,604		1,604		1,026
Loans unpaid principal	1,907		1,907		1,329
Valuation allowance	312		312		203
Loans average investment in impaired loans	1,252	1,396	1,052	3,789
Loans interest income recognized		98		196
Consumer Portfolio Segment [Member] | Other Loans [Member]
Loans without a specific valuation allowance
Loans without a specific valuation allowance, recorded balance	2,253		2,253
Loans without a specific valuation allowance, unpaid principal	2,253		2,253
Loans without a specific valuation allowance, average investment in impaired loans	1,179		402
Loans without a specific valuation allowance, interest income recognized	1		1
Loans with a specific valuation allowance
Loans with a specific valuation allowance, recorded balance					91
Loans with a specific valuation allowance, unpaid principal					91
Valuation allowance	15		15		12
Loans with a specific valuation allowance, average investment in impaired loans		79	92	277
Total
Loans recorded balance	2,253		2,253		91
Loans unpaid principal	2,253		2,253		91
Valuation allowance	15		15		$ 12
Loans average investment in impaired loans	1,179	$ 79	494	$ 277
Loans interest income recognized	$ 1		$ 1

Note 4 - Loans and Allowance 34

Note 4 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructurings	3 Months Ended
	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Financing Receivable, Modifications [Line Items]
Number of loans	2
Pre-modification outstanding recorded balance	$ 283,824
Post-modification outstanding recorded balance	283,824
Troubled debt restructurings	3,897,683	$ 4,657,214
Extended Maturity [Member]
Financing Receivable, Modifications [Line Items]
Post-modification outstanding recorded balance	283,824
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	216,663	505,047
Residential Portfolio Segment [Member] | Construction Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	$ 2,683,792	2,892,772
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings		459,823
Commercial Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	2
Pre-modification outstanding recorded balance	$ 283,824
Post-modification outstanding recorded balance	283,824
Troubled debt restructurings	997,228	$ 799,572
Commercial Portfolio Segment [Member] | Extended Maturity [Member]
Financing Receivable, Modifications [Line Items]
Post-modification outstanding recorded balance	$ 283,824

Note 4 - Loans and Allowance 35

Note 4 - Loans and Allowance for Loan Losses (Details) - Loan Portfolio by Credit Quality - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Rating:
Loans receivable	$ 509,672,072	$ 493,437,064
Pass [Member]
Rating:
Loans receivable	469,961,000	457,808,000
Special Mention [Member]
Rating:
Loans receivable	12,765,000	24,372,000
Substandard [Member]
Rating:
Loans receivable	26,343,000	10,797,000
Doubtful [Member]
Rating:
Loans receivable	603,000	460,000
Residential Portfolio Segment [Member] | Construction Loans [Member]
Rating:
Loans receivable	40,381,309	36,784,584
Residential Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member]
Rating:
Loans receivable	30,808,000	27,370,000
Residential Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member]
Rating:
Loans receivable		6,522,000
Residential Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member]
Rating:
Loans receivable	9,573,000	2,893,000
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Rating:
Loans receivable	95,258,088	97,900,814
Residential Portfolio Segment [Member] | One-to-four Family Units [Member] | Pass [Member]
Rating:
Loans receivable	87,735,000	94,129,000
Residential Portfolio Segment [Member] | One-to-four Family Units [Member] | Special Mention [Member]
Rating:
Loans receivable	3,907,000	2,501,000
Residential Portfolio Segment [Member] | One-to-four Family Units [Member] | Substandard [Member]
Rating:
Loans receivable	3,616,000	1,271,000
Residential Portfolio Segment [Member] | Multi-family Units [Member]
Rating:
Loans receivable	39,929,250	33,785,959
Residential Portfolio Segment [Member] | Multi-family Units [Member] | Pass [Member]
Rating:
Loans receivable	39,352,000	33,786,000
Residential Portfolio Segment [Member] | Multi-family Units [Member] | Special Mention [Member]
Rating:
Loans receivable	577,000
Commercial Real Estate Portfolio Segment [Member]
Rating:
Loans receivable	224,236,614	215,605,054
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Rating:
Loans receivable	213,542,000	207,311,000
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Rating:
Loans receivable	4,778,000	5,076,000
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Rating:
Loans receivable	5,917,000	2,758,000
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Rating:
Loans receivable		460,000
Commercial Portfolio Segment [Member]
Rating:
Loans receivable	87,314,328	92,114,216
Commercial Portfolio Segment [Member] | Pass [Member]
Rating:
Loans receivable	78,344,000	78,197,000
Commercial Portfolio Segment [Member] | Special Mention [Member]
Rating:
Loans receivable	3,503,000	10,273,000
Commercial Portfolio Segment [Member] | Substandard [Member]
Rating:
Loans receivable	4,864,000	3,644,000
Commercial Portfolio Segment [Member] | Doubtful [Member]
Rating:
Loans receivable	603,000
Consumer Portfolio Segment [Member] | Other Loans [Member]
Rating:
Loans receivable	22,552,483	17,246,437
Consumer Portfolio Segment [Member] | Other Loans [Member] | Pass [Member]
Rating:
Loans receivable	20,180,000	17,015,000
Consumer Portfolio Segment [Member] | Other Loans [Member] | Substandard [Member]
Rating:
Loans receivable	$ 2,373,000	$ 231,000

Note 5 - Benefit Plans (Details

Note 5 - Benefit Plans (Details) - USD ($)	1 Months Ended		3 Months Ended		9 Months Ended
	Feb. 28, 2015	Feb. 28, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Note 5 - Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value					$ 264,136
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value			$ 605,275		605,275
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value			605,275		605,275
Allocated Share-based Compensation Expense			42,289	$ 33,032	251,020	$ 223,520
Director [Member]
Note 5 - Benefit Plans (Details) [Line Items]
Restricted Stock or Unit Expense					1,435
2010 Equity Plan [Member] | Director [Member]
Note 5 - Benefit Plans (Details) [Line Items]
Restricted Stock or Unit Expense	$ 122,476	$ 122,538
Employee Stock Option [Member]
Note 5 - Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value					137,898
Restricted Stock [Member]
Note 5 - Benefit Plans (Details) [Line Items]
Restricted Stock or Unit Expense					$ 128,964	$ 76,360
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)					$ 14.78
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)					28,451
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized			$ 349,564		$ 349,564
Restricted Stock [Member] | Officer [Member]
Note 5 - Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)	966				19,204	23,320
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Cliff Vesting Period	3 years				3 years	3 years
Restricted Stock [Member] | 2010 Equity Plan [Member] | Director [Member]
Note 5 - Benefit Plans (Details) [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures (in Shares)	8,281	11,242
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)	$ 14.79	$ 10.90

Note 5 - Benefit Plans (Detai37

Note 5 - Benefit Plans (Details) - Stock Option Activity	9 Months Ended
	Sep. 30, 2015$ / sharesshares
Note 5 - Benefit Plans (Details) - Stock Option Activity [Line Items]
Balance outstanding as of January 1, 2015 (in Dollars per share) | $ / shares	$ 18.23
Balance outstanding as of September 30, 2015 (in Dollars per share) | $ / shares	19.41
Options exercisable as of September 30, 2015 (in Dollars per share) | $ / shares	19.41
Granted (in Dollars per share) | $ / shares	0
Exercised (in Dollars per share) | $ / shares	5.21
Forfeited (in Dollars per share) | $ / shares	$ 24.14
Incentive Stock Options [Member]
Note 5 - Benefit Plans (Details) - Stock Option Activity [Line Items]
Balance outstanding as of January 1, 2015	140,300
Balance outstanding as of September 30, 2015	109,500
Options exercisable as of September 30, 2015	109,500
Granted	0
Exercised	(2,800)
Forfeited	(28,000)
Non-Incentive Stock Options [Member]
Note 5 - Benefit Plans (Details) - Stock Option Activity [Line Items]
Balance outstanding as of January 1, 2015	82,500
Balance outstanding as of September 30, 2015	57,500
Options exercisable as of September 30, 2015	57,500
Granted	0
Exercised	(25,000)

Note 5 - Benefit Plans (Detai38

Note 5 - Benefit Plans (Details) - Restricted Stock - Restricted Stock [Member]	9 Months Ended
	Sep. 30, 2015$ / sharesshares
Note 5 - Benefit Plans (Details) - Restricted Stock [Line Items]
Balance of shares non-vested | shares	30,503
Balance of shares non-vested	$ 10.26
Granted | shares	28,451
Granted	$ 14.78
Vested | shares	(15,083)
Vested	$ 11.64
Forfeited | shares	(894)
Forfeited	$ 12.26
Balance of shares non-vested | shares	42,977
Balance of shares non-vested	$ 12.73

Note 6 - Income Per Common Sh39

Note 6 - Income Per Common Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Employee Stock Option [Member]
Note 6 - Income Per Common Share (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	98,500	131,500	98,500	131,500

Note 6 - Income Per Common Sh40

Note 6 - Income Per Common Share (Details) - Income Per Share - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Per Share [Abstract]
Basic income per common share, income available to common shareholders (in Dollars)	$ 1,418,635	$ 1,360,483	$ 4,286,128	$ 3,643,382
Basic income per common share, average common shares outstanding	4,338,803	4,278,733	4,329,526	3,907,490
Basic income per common share, per common share (in Dollars per share)	$ 0.33	$ 0.32	$ 0.99	$ 0.93
Effect of dilutive securities, average common shares outstanding	55,216	66,301	56,340	70,814
Diluted income per common share, income available to common shareholders (in Dollars)	$ 1,418,635	$ 1,360,483	$ 4,286,128	$ 3,643,382
Diluted income per common share, average common shares outstanding	4,394,019	4,345,034	4,385,866	3,978,304
Diluted income per common share, per common share (in Dollars per share)	$ 0.32	$ 0.31	$ 0.98	$ 0.92

Note 7 - New Accounting Prono41

Note 7 - New Accounting Pronouncements (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2014
Provision for Income Taxes [Member]
Note 7 - New Accounting Pronouncements (Details) [Line Items]
Amortization Method Qualified Affordable Housing Project Investments, Amortization	$ 221,370	$ 442,740

Note 8 - Disclosures about Fa42

Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	$ 92,300,108	$ 86,467,985
Equity Securities [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	99,694	105,023
US Government Agencies Debt Securities [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	8,492,198	10,256,773
US States and Political Subdivisions Debt Securities [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	23,647,070	15,589,890
Domestic Corporate Debt Securities [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	3,915,000
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	56,146,396	60,516,299
Fair Value, Inputs, Level 1 [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	100,000	105,000
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	100,000	105,000
Fair Value, Inputs, Level 2 [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	92,200,000	86,363,000
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	8,492,000	10,257,000
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	23,647,000	15,590,000
Fair Value, Inputs, Level 2 [Member] | Domestic Corporate Debt Securities [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	3,915,000
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	$ 56,146,000	$ 60,516,000

Note 8 - Disclosures about Fa43

Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Non-Recurring Basis - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Impaired Loans [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Non-Recurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	$ 11,670	$ 4,076
Foreclosed Assets Held-for-sale [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Non-Recurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	190	354
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Non-Recurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	11,670	4,076
Fair Value, Inputs, Level 3 [Member] | Foreclosed Assets Held-for-sale [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Non-Recurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	$ 190	$ 354

Note 8 - Disclosures about Fa44

Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value Quantitative Information - Fair Value, Inputs, Level 3 [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets, fair value (in Dollars)	$ 3,747
Valuation technique	Market Comparable
Unobservable input	Discount to reflect realizable value
Market Approach Valuation Technique [Member] | Foreclosed Assets Held-for-sale [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation technique	Market Comparable
Unobservable input	Discount to reflect realizable value
Range	0.00%
Range	(0.00%)
Income Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets, fair value (in Dollars)	$ 7,923
Valuation technique	Discounted cash flow
Unobservable input	Discount rate
Minimum [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	0.00%
Range	(0.00%)
Minimum [Member] | Income Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	0.00%
Range	(0.00%)
Maximum [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	17.00%
Range	(17.00%)
Maximum [Member] | Income Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	51.00%
Range	(51.00%)
Weighted Average [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	13.00%
Range	(13.00%)
Weighted Average [Member] | Income Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	16.00%
Range	(16.00%)

Note 8 - Disclosures about Fa45

Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Financial Instruments - USD ($)	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Financial assets:
Cash and cash equivalents	$ 9,418,464	$ 12,493,890	$ 11,122,612	$ 12,303,200
Held-to-maturity securities	47,112	60,993
Federal Home Loan Bank stock	3,013,500	3,156,900
Mortgage loans held for sale	323,531	1,214,632
Loans, net	502,530,330	486,586,636
Financial liabilities:
Deposits	505,162,619	479,818,282
Securities sold under agreements to repurchase		10,000,000
Subordinated debentures	15,465,000	15,465,000
Interest payable	195,195	242,145
Interest payable, fair value	195,195	242,145
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	9,418,464	12,493,890
Cash and cash equivalents, fair value	9,418,464	12,493,890
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Held-to-maturity securities	47,112	60,993
Held-to-maturity securities, fair value	48,247	62,619
Federal Home Loan Bank stock	3,013,500	3,156,900
Federal Home Loan Bank stock, fair value	3,013,500	3,156,900
Mortgage loans held for sale	323,531	1,214,632
Mortgage loans held for sale, fair value	323,531	1,214,632
Interest receivable	1,670,423	2,030,058
Interest receivable, fair value	1,670,423	2,030,058
Financial liabilities:
Deposits	505,162,619	479,818,282
Deposits, fair value	502,734,534	476,519,750
Federal Home Loan Bank and Federal Reserve Bank advances	56,500,000	60,350,000
Federal Home Loan Bank and Federal Reserve Bank advances, fair value	58,057,417	61,615,252
Securities sold under agreements to repurchase		10,000,000
Securities sold under agreements to repurchase, fair value		10,371,866
Interest payable	195,195	242,145
Interest payable, fair value	195,195	242,145
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Loans, net	502,530,330	486,586,636
Loans, net, fair value	502,004,897	487,244,753
Financial liabilities:
Subordinated debentures	15,465,000	15,465,000
Subordinated debentures, fair value	$ 15,465,000	$ 15,465,000