Guaranty Federal Bancshares (GFED) 10-K 25 Mar 16 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 14, 2016	Jun. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	GUARANTY FEDERAL BANCSHARES INC
Trading Symbol	gfed
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		4,431,470
Entity Public Float			$ 57,900,000
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	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 3,561,272	$ 3,604,316
Interest-bearing deposits in other financial institutions	15,213,147	8,889,574
Cash and cash equivalents	18,774,419	12,493,890
Available-for-sale securities	97,292,487	86,467,985
Held-to-maturity securities	43,099	60,993
Stock in Federal Home Loan Bank, at cost	2,837,500	3,156,900
Mortgage loans held for sale	1,902,933	1,214,632
Loans receivable, net of allowance for loan losses at December 31, 2015 and 2014 - $5,811,940 and $6,588,597, respectively	491,001,907	486,586,636
Accrued interest receivable:
Loans	1,515,818	1,704,374
Investments and interest-bearing deposits	470,874	325,684
Prepaid expenses and other assets	3,525,032	4,530,191
Foreclosed assets held for sale	2,391,727	3,165,447
Premises and equipment, net	10,540,428	10,602,763
Bank owned life insurance	18,779,915	14,417,220
Income taxes receivable	528,828	320,416
Deferred income taxes	3,230,105	3,412,513
	652,835,072	628,459,644
LIABILITIES
Deposits	517,385,695	479,818,282
Federal Home Loan Bank and Federal Reserve Bank advances	52,100,000	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	190,853	143,984
Accrued expenses and other liabilities	1,074,957	963,386
Accrued interest payable	196,102	242,145
	$ 586,412,607	$ 566,982,797
COMMITMENTS AND CONTINGENCIES
Capital Stock:
Common stock, $0.10 par value; authorized 10,000,000 shares; issued December 31, 2015 and 2014 - 6,859,003 and 6,823,203 shares, respectively	$ 685,900	$ 682,320
Additional paid-in capital	50,441,464	50,366,546
Retained earnings, substantially restricted	53,258,126	48,549,691
Accumulated other comprehensive loss Unrealized loss on available-for-sale securities, net of income taxes; December 31, 2015 and 2014 - ($401,688) and ($263,358), respectively	(683,956)	(448,421)
	103,701,534	99,150,136
Treasury stock, at cost; December 31, 2015 and December 31, 2014 - 2,466,462 and 2,492,552 shares, respectively	(37,279,069)	(37,673,289)
	66,422,465	61,476,847
	$ 652,835,072	$ 628,459,644
Series A Preferred Stock [Member]
Capital Stock:
Series A preferred stock, $0.01 par value; authorized 2,000,000 shares; none issued and outstanding

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Loans receivable, allowance for loan losses (in Dollars)	$ 5,811,940	$ 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	6,859,003	6,823,203
Income taxes (in Dollars)	$ (401,688)	$ (263,358)
Treasury stock, shares	2,466,462	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
Series A preferred stock, issued	0	0
Series A preferred stock, outstanding	0	0

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest Income
Loans	$ 23,564,766	$ 23,254,863	$ 23,885,654
Investment securities	1,483,772	1,627,460	1,794,717
Other	141,096	131,991	175,127
	25,189,634	25,014,314	25,855,498
Interest Expense
Deposits	2,423,871	2,329,090	2,859,598
Federal Home Loan Bank advances	1,196,393	1,202,383	1,295,121
Subordinated debentures	538,785	533,207	537,178
Securities sold under agreements to repurchase	120,833	264,625	405,597
	4,279,882	4,329,305	5,097,494
Net Interest Income	20,909,752	20,685,009	20,758,004
Provision for Loan Losses	600,000	1,275,000	1,550,000
Net Interest Income After Provision for Loan Losses	20,309,752	19,410,009	19,208,004
Noninterest Income
Service charges	1,214,880	1,264,027	1,196,597
Gain on sale of investment securities	187,090	34,163	219,845
Gain on sale of mortgage loans held for sale	1,570,997	981,603	1,444,318
Gain on sale of Small Busines Administration loans	344,818
Gain on sale of state low-income housing tax credits			1,441,012
Net loss on foreclosed assets	(164,663)	(213,239)	(275,223)
Other income	1,499,589	1,351,910	1,292,922
	4,652,711	3,418,464	5,319,471
Noninterest Expense
Salaries and employee benefits	9,805,337	8,895,353	9,058,789
Occupancy	1,904,886	1,697,190	1,752,162
FDIC deposit insurance premiums	447,044	448,675	562,163
Prepayment penalty on repurchase agreements	463,992		1,510,000
Data processing	790,928	685,028	687,630
Advertising	525,000	425,004	425,004
Other expense	2,847,180	2,782,019	2,775,979
	16,784,367	14,933,269	16,771,727
Income Before Income Taxes	8,178,096	7,895,204	7,755,748
Provision for Income Taxes	2,461,329	2,112,508	2,516,041
Net Income	5,716,767	5,782,696	5,239,707
Preferred Stock Dividends and Discount Accretion		357,210	794,520
Net Income Available to Common Shareholders	$ 5,716,767	$ 5,425,486	$ 4,445,187
Basic Income Per Common Share (in Dollars per share)	$ 1.32	$ 1.35	$ 1.63
Diluted Income Per Common Share (in Dollars per share)	$ 1.30	$ 1.33	$ 1.58

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
NET INCOME	$ 5,716,767	$ 5,782,696	$ 5,239,707
OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS):
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes	(186,775)	3,300,555	(5,029,478)
Less: Reclassification adjustment for realized gains on investment securities included in net income, before income taxes	(187,090)	(34,163)	(219,845)
Total other items in comprehensive income (loss)	(373,865)	3,266,392	(5,249,323)
Income tax expense (credit) related to other items of comprehensive income	(138,330)	1,208,565	(1,942,249)
Other comprehensive income (loss)	(235,535)	2,057,827	(3,307,074)
TOTAL COMPREHENSIVE INCOME	$ 5,481,232	$ 7,840,523	$ 1,932,633

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 5,716,767	$ 5,782,696	$ 5,239,707
Items not requiring (providing) cash:
Deferred income taxes	320,738	657,573	983,526
Depreciation	918,441	755,937	822,316
Provision for loan losses	600,000	1,275,000	1,550,000
Gain on sale of Small Business Administration loans	(344,818)
Gain on sale of mortgage loans held for sale and investment securities	(1,758,087)	(1,015,766)	(1,664,163)
Loss on sale of foreclosed assets	104,670	131,840	163,161
Gain on sale of state low-income housing tax credits			(1,441,012)
Amortization of deferred income, premiums and discounts, net	704,985	825,906	555,665
Stock award plans	285,589	242,189	254,508
Origination of loans held for sale	(56,515,986)	(34,694,993)	(49,231,796)
Proceeds from sale of loans held for sale	57,398,682	35,085,396	53,871,439
Increase in cash surrender value of bank owned life insurance	(362,695)	(373,523)	(386,217)
Changes in:
Prepaid FDIC deposit insurance premiums			1,438,636
Accrued interest receivable	43,366	(177,417)	202,728
Prepaid expenses and other assets	1,005,159	1,006,688	691,294
Accrued expenses and other liabilities	(69,305)	(185,259)	368,229
Income taxes receivable/payable	(208,412)	183,722	406,036
Net cash provided by operating activities	7,839,094	9,499,989	13,824,057
CASH FLOWS FROM INVESTING ACTIVITIES
Net change in loans	(4,870,934)	(23,700,987)	(1,304,007)
Principal payments on held-to-maturity securities	17,894	18,169	101,880
Principal payments on available-for-sale securities	10,445,669	9,698,931	10,582,593
Purchase of available-for-sale securities	(55,150,017)	(40,823,180)	(53,316,013)
Proceeds from sales of available-for-sale securities	33,059,741	41,759,062	31,225,169
Proceeds from maturities of available-for-sale securities		3,151,000	10,250,000
Purchase of premises and equipment	(856,106)	(471,980)	(422,626)
Proceeds from sale of state low-income housing tax credits			1,441,012
Purchase of bank owned life insurance	(4,000,000)
(Purchase) redemption of Federal Home Loan Bank stock	319,400	(271,800)	920,400
Proceeds from sale of foreclosed assets held for sale	797,876	657,431	436,783
Net cash used in investing activities	(20,236,477)	(9,983,354)	(84,809)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in demand deposits, NOW accounts and savings accounts	43,000,898	(4,908,937)	13,745,911
Net decrease in certificates of deposit	(5,433,485)	(2,591,720)	(26,441,687)
Net decrease in securities sold under agreements to repurchase	(10,000,000)		(15,000,000)
Proceeds from FHLB and Federal Reserve advances		8,000,000	3,000,000
Repayments of FHLB and Federal Reserve advances	(8,250,000)	(3,000,000)	(15,700,000)
Proceeds from issuance of common stock		15,814,312
Advances from (repayments to) borrowers for taxes and insurance	46,869	(5,684)	(3,199)
Repurchase of stock warrants			(2,003,250)
Redemption of preferred stock		(12,000,000)
Stock options exercised	187,129	210,870	9,408
Common and preferred cash dividends paid	(873,499)	(844,786)	(600,000)
Treasury stock purchased			(106,636)
Net cash provided by (used in) financing activities	18,677,912	674,055	(43,099,453)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	6,280,529	190,690	(29,360,205)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	12,493,890	12,303,200	41,663,405
CASH AND CASH EQUIVALENTS, END OF YEAR	18,774,419	12,493,890	12,303,200
Supplemental Cash Flows Information
Real estate acquired in settlement of loans	190,026	371,971	705,070
Interest paid	4,325,925	4,337,521	5,246,817
Income taxes paid, net of (refunds)	1,445,000	360,000	241,000
Sale and financing of foreclosed assets held for sale	$ 61,200	$ 239,229	$ 812,877

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Common Stock Warrants [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2012	$ 11,789,276	$ 678,180	$ 1,377,811	$ 58,267,529	$ (61,369,344)	$ 39,324,292	$ 800,826	$ 50,868,570
Net income						5,239,707		5,239,707
Change in unrealized gain (loss on available-for-sale securities							(3,307,074)	(3,307,074)
Preferred stock discount accretion	194,514					(194,514)
Preferred stock dividends						(600,000)		(600,000)
Common stock warrants repurchased			$ (1,377,811)	(625,439)				(2,003,250)
Stock award plans				3,713	250,795			254,508
Stock options exercised		180		9,228				9,408
Treasury stock purchased					(106,636)			(106,636)
Balance at Dec. 31, 2013	11,983,790	678,360		57,655,031	(61,225,185)	43,769,485	(2,506,248)	50,355,233
Net income						5,782,696		5,782,696
Change in unrealized gain (loss on available-for-sale securities							2,057,827	2,057,827
Preferred stock redeemed	(12,000,000)							(12,000,000)
Preferred stock discount accretion	$ 16,210					(16,210)
Preferred stock dividends						(338,000)		(338,000)
Dividends on common stock						(648,280)		(648,280)
Stock award plans				(644,722)	886,911			242,189
Stock options exercised		3,960		206,910				210,870
Proceeds from issuance of common stock				(6,850,673)	22,664,985			15,814,312
Balance at Dec. 31, 2014		682,320		50,366,546	(37,673,289)	48,549,691	(448,421)	61,476,847
Net income						5,716,767		5,716,767
Change in unrealized gain (loss on available-for-sale securities							(235,535)	(235,535)
Dividends on common stock						(1,008,332)		(1,008,332)
Stock award plans				(108,631)	394,220			285,589
Stock options exercised		3,580		183,549				187,129
Balance at Dec. 31, 2015		$ 685,900		$ 50,441,464	$ (37,279,069)	$ 53,258,126	$ (683,956)	$ 66,422,465

Consolidated Statement of Stoc8

Consolidated Statement of Stockholders' Equity (Parentheticals) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income taxes	$ 138,330	$ 1,208,565	$ 1,942,249
Preferred stock dividends (in Shares)		0.05	0.05
Dividends on common stock (in Dollars per share)	$ 0.23	$ 0.15

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 1: NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations The Company operates as a one-bank holding company. The Bank is primarily engaged in providing a full range of banking and mortgage services to individual and corporate customers in southwest Missouri. The Bank is subject to competition from other financial institutions. The Company and the Bank are also subject to the regulation of certain federal and state agencies and receive periodic examinations by those regulatory authorities. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, the Bank. All significant intercompany profits, transactions and balances have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans and fair values. In connection with the determination of the allowance for loan losses and the valuation of foreclosed assets held for sale, management obtains independent appraisals for significant properties. Securities Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and recorded at amortized cost. Securities not classified as held to maturity are classified as “available-for-sale” and are carried at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income. Purchase premiums are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. For debt securities with fair value below carrying value, when the Company does not intend to sell a debt security, and it is more likely than not, the Company will not have to sell the security before a recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held-to-maturity debt securities, the amount of an other-than-temporary impairment recorded in other comprehensive income for the noncredit portion of a previous other-than-temporary impairment is amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. The Company’s consolidated statements of income reflect the full impairment (that is, the difference between the security’s amortized cost basis and fair value) on debt securities that the Company intends to sell or would more likely than not be required to sell before the expected recovery of the amortized cost basis. For available-for-sale and held-to-maturity debt securities that management has no intent to sell and believes that it more likely than not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the noncredit loss is recognized in accumulated other comprehensive income. The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections. Mortgage Loans Held for Sale Mortgage loans held for sale are carried at the lower of cost or fair value, determined using an aggregate basis. Write-downs to fair value are recognized as a charge to earnings at the time a decline in value occurs. Forward commitments to sell mortgage loans are sometimes acquired to reduce market risk on mortgage loans in the process of origination and mortgage loans held for sale. Gains and losses resulting from sales of mortgage loans are recognized when the respective loans are sold to investors. Gains and losses are determined by the difference between the selling price and the carrying amounts of the loans sold, and are recorded in noninterest income. Direct loan origination costs and fees are deferred at origination of the loan and are recognized in noninterest income upon sale of the loan. Loans 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 credit 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. Allowance for Loan Losses 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. Foreclosed Assets Held for Sale Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less costs to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less estimated costs to sell. Revenue and expenses from operations and changes in the valuation allowance are included in net expenses from foreclosed assets. Premises and Equipment Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line and accelerated methods over the estimated useful lives of the assets. The estimated useful lives for each major depreciable classification of premises and equipment are as follows: Buildings and improvements (in years) 35 - 40 Furniture and fixtures and vehicles (in years) 3 - 10 Bank Owned Life Insurance Bank owned life insurance policies are carried at their cash surrender value. The Company recognizes tax-free income from the periodic increases in cash surrender value of these policies and from death benefits. Income Taxes The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740, Income Taxes Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company files consolidated income tax returns with its subsidiary. With a few exceptions, the Company is no longer subject to U.S. federal or state income tax examinations by tax authorities for years before 2012. Cash Equivalents The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 2015 and 2014 cash equivalents consisted of interest-bearing deposits and money market accounts. Restriction on Cash and Due From Banks The Company is required to maintain reserve funds in cash and/or on deposit with the Federal Reserve Bank. The reserve required on December 31, 2015 and 2014, was $0 and $5,271,000, respectively. Comprehensive Income Comprehensive income consists of net income and other comprehensive income (loss), net of applicable income taxes. Other comprehensive income (loss) includes unrealized gain (loss) on available-for-sale securities, unrealized gain (loss) on available-for-sale securities for which a portion of an other-than-temporary impairment has been recognized in income and unrealized gain (loss) on held-to-maturity securities for which a portion of an other-than-temporary impairment has been recognized in income. Regulatory Matters The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct and material effect on the Company's consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Company’s regulators could require adjustments to regulatory capital not reflected in these financial statements. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below). Management believes, as of December 31, 2015 and 2014, that the Bank met all capital adequacy requirements to which it is subject. As of December 31, 2015, the most recent notification from the Missouri Division of Finance and the Federal Deposit Insurance Corporation categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Bank must maintain minimum total risk-based, Tier I risk-based, Tier I leverage and Common Equity Tier 1 risk-based ratios as set forth in the following table. There are no conditions or events since that notification that management believes have changed the Bank’s category. The Bank's actual capital amounts and ratios are also presented in the table. No amount was deducted from capital for interest-rate risk. Dollar amounts are expressed in thousands. To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015 Tier 1 (core) capital, and ratio to adjusted total assets Bank $ 78,635 12.2 % $ 25,844 4.0 % $ 32,305 5.0 % Tier 1 (core) capital, and ratio to risk-weighted assets Bank $ 78,635 13.4 % $ 35,105 6.0 % $ 46,806 8.0 % Total risk-based capital, and ratio to risk-weighted assets Bank $ 84,447 14.4 % $ 46,806 8.0 % $ 58,508 10.0 % Common equity tier 1 capital ratio to risk-weighted assets Bank $ 78,635 13.4 % $ 26,329 4.5 % $ 38,030 6.5 % To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2014 Tier 1 (core) capital, and ratio to adjusted total assets Company $ 76,927 12.3 % $ 25,020 4.0 % n/a n/a Bank $ 72,076 11.5 % $ 24,966 4.0 % $ 31,208 5.0 % Tier 1 (core) capital, and ratio to risk-weighted assets Company $ 76,927 14.7 % $ 20,928 4.0 % n/a n/a Bank $ 72,076 13.8 % $ 20,914 4.0 % $ 31,371 6.0 % Total risk-based capital, and ratio to risk-weighted assets Company $ 83,463 16.0 % $ 41,856 8.0 % n/a n/a Bank $ 78,612 15.0 % $ 41,828 8.0 % $ 52,285 10.0 % The amount of dividends that the Bank may pay is subject to various regulatory limitations. As of December 31, 2015 and 2014 the Bank exceeded the minimum capital requirements. The Bank may not pay dividends which would reduce capital below the minimum requirements shown above. Segment Information The principal business of the Company is overseeing the business of the Bank. The Company has no significant assets other than its investment in the Bank. The banking operation is the Company’s only reportable segment. The banking segment is principally engaged in the business of originating mortgage loans secured by one-to-four family residences, multi-family, construction, commercial and consumer loans. These loans are funded primarily through the attraction of deposits from the general public, borrowings from the Federal Home Loan Bank and brokered deposits. Selected information is not presented separately for the Company’s reportable segment, as there is no material difference between that information and the corresponding information in the consolidated financial statements. General Litigation The Company and the Bank, from time to time, may be parties to ordinary routine litigation, which arises in the normal course of business, such as claims to enforce liens, and condemnation proceedings, on properties in which the Bank holds security interests, claims involving the making and servicing of real property loans, and other issues incident to the business of the Company and the Bank. After reviewing pending and threatened litigation with legal counsel, management believes that as of December 31, 2015, the outcome of any such litigation will not have a material adverse effect on the Company’s financial position or results of operations. Earnings Per Common Share The computation for earnings per common share for the years ended December 31, 2015, 2014 and 2013 is as follows: Year Ended Year Ended Year Ended December 31, 2015 December 31, 2014 December 31, 2013 Net income available to common shareholders $ 5,716,767 $ 5,425,486 $ 4,445,187 Weighted average common shares outstanding 4,333,418 4,006,461 2,733,969 Effect of dilutive securities 55,931 68,040 79,646 Weighted average diluted shares outstanding 4,389,349 4,074,501 2,813,615 Basic income per common share $ 1.32 $ 1.35 $ 1.63 Diluted income per common share $ 1.30 $ 1.33 $ 1.58 Stock options to purchase 88,500, 131,500 and 154,000 shares of common stock were outstanding during the years ended December 31, 2015, 2014 and 2013, respectively, but were not included in the computation of diluted income per common share because their exercise price was greater than the average market price of the common shares.

Note 2 - Securities

Note 2 - Securities	12 Months Ended
	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE 2: SECURITIES The amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities classified as available-for-sale are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of December 31, 2015 Equity Securities $ 102,212 $ 10,081 $ (12,776 ) $ 99,517 Debt Securities: U. S. government agencies 8,533,885 - (137,101 ) 8,396,784 Municipals 31,132,635 302,335 (85,808 ) 31,349,162 Corporates 3,965,719 - (152,019 ) 3,813,700 Government sponsored mortgage-backed securities and SBA loan pools 54,643,681 13,764 (1,024,121 ) 53,633,324 $ 98,378,132 $ 326,180 $ (1,411,825 ) $ 97,292,487 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 December 31, 2015: Amortized Cost Approximate Fair Value Within 1 year $ 285,000 $ 285,359 1-5 years 4,726,452 4,701,831 5-10 years 16,144,447 16,134,279 After ten years 22,476,340 22,438,177 Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date 54,643,681 53,633,324 $ 98,275,920 $ 97,192,970 The amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities classified as held to maturity are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of December 31, 2015 Debt Securities: Government sponsored mortgage-backed securities $ 43,099 $ 836 $ - $ 43,935 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 December 31, 2015: Amortized Cost Approximat e Fair Value Government sponsored mortgage-backed securities not due on a single maturity date $ 43,099 $ 43,935 The carrying value of securities pledged as collateral, to secure public deposits and for other purposes, amounted to $52,095,842 and $52,907,065 as of December 31, 2015 and 2014, respectively. Gross gains of $205,909, $320,888 and $418,990 and gross losses of $18,819, $286,725 and $199,145 resulting from sale of available-for-sale securities were realized for the years ended December 31, 2015, 2014 and 2013, respectively. The tax effect of these net gains was $69,223, $12,640 and $81,343 in 2015, 2014 and 2013, 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 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. No securities were written down for other-than-temporary impairment during the years ended December 31, 2015, 2014 and 2013. Certain other investments in debt and equity securities are reported in the consolidated financial statements at an amount less than their historical cost. Total fair value of these investments at December 31, 2015 and 2014, was $68,123,480 and $60,733,191, respectively, which is approximately 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 December 31, 2015 and 2014. December 31, 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 $ - $ - $ 35,151 $ (12,776 ) $ 35,151 $ (12,776 ) U. S. government agencies 6,399,920 (83,965 ) 1,996,864 (53,136 ) 8,396,784 (137,101 ) Municipals 6,167,019 (70,266 ) 715,410 (15,542 ) 6,882,429 (85,808 ) Corporates 1,675,500 (79,708 ) 2,138,200 (72,311 ) 3,813,700 (152,019 ) Government sponsored mortgage-backed securities and SBA loan pools 33,072,102 (493,865 ) 15,923,314 (530,256 ) 48,995,416 (1,024,121 ) $ 47,314,541 $ (727,804 ) $ 20,808,939 $ (684,021 ) $ 68,123,480 $ (1,411,825 ) 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 3 - Loans and Allowance fo

Note 3 - Loans and Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 3: LOANS AND ALLOWANCE FOR LOAN LOSSES Categories of loans at December 31, 2015 and 2014 include: December 31, 2015 2014 Real estate - residential mortgage: One to four family units $ 98,257,417 $ 97,900,814 Multi-family 41,603,670 33,785,959 Real estate - construction 45,462,895 36,784,584 Real estate - commercial 208,824,573 215,605,054 Commercial loans 81,006,897 92,114,216 Consumer and other loans 21,991,881 17,246,437 Total loans 497,147,333 493,437,064 Less: Allowance for loan losses (5,811,940 ) (6,588,597 ) Deferred loan fees/costs, net (333,486 ) (261,831 ) Net loans $ 491,001,907 $ 486,586,636 Classes of loans by aging at December 31, 2015 and 2014 were as follows: As of December 31, 2015 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 $ - $ 168 $ 105 $ 273 $ 97,984 $ 98,257 $ - Multi-family - - - - 41,604 41,604 - Real estate - construction - - - - 45,463 45,463 - Real estate - commercial - - 1,079 1,079 207,745 208,824 - Commercial loans 88 - 1,239 1,327 79,680 81,007 - Consumer and other loans 2 8 - 10 21,982 21,992 - Total $ 90 $ 176 $ 2,423 $ 2,689 $ 494,458 $ 497,147 $ - 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 $ - Nonaccruing loans are summarized as follows: December 31, 2015 2014 Real estate - residential mortgage: One to four family units $ 2,272,535 $ 911,240 Multi-family - - Real estate - construction 8,079,807 2,892,772 Real estate - commercial 1,240,909 459,823 Commercial loans 2,149,333 1,026,772 Consumer and other loans 12,891 - Total $ 13,755,475 $ 5,290,607 The following tables present the activity in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of and for the years ended December 31, 2015, 2014 and 2013: As of December 31, 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 year $ 1,330 $ 1,992 $ 900 $ 127 $ 1,954 $ 185 $ 101 $ 6,589 Provision charged to expense 1,139 (466 ) - 50 (576 ) 117 336 $ 600 Losses charged off (1,233 ) - (99 ) - - (119 ) - $ (1,451 ) Recoveries 10 - 20 - 4 40 - $ 74 Balance, end of year $ 1,246 $ 1,526 $ 821 $ 177 $ 1,382 $ 223 $ 437 $ 5,812 Ending balance: individually evaluated for impairment $ 540 $ - $ - $ - $ 312 $ 13 $ - $ 865 Ending balance: collectively evaluated for impairment $ 706 $ 1,526 $ 821 $ 177 $ 1,070 $ 210 $ 437 $ 4,947 Loans: Ending balance: individually evaluated for impairment $ 8,080 $ 1,241 $ 2,272 $ - $ 2,149 $ 988 $ - $ 14,730 Ending balance: collectively evaluated for impairment $ 37,383 $ 207,583 $ 95,985 $ 41,604 $ 78,858 $ 21,004 $ - $ 482,417 As of 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: Balance, beginning of year $ 2,387 $ 2,059 $ 997 $ 209 $ 1,519 $ 272 $ 359 $ 7,802 Provision charged to expense (651 ) (157 ) 21 (82 ) 2,388 14 (258 ) $ 1,275 Losses charged off (411 ) (9 ) (127 ) - (2,018 ) (150 ) - $ (2,715 ) Recoveries 5 99 9 - 65 49 - $ 227 Balance, end of year $ 1,330 $ 1,992 $ 900 $ 127 $ 1,954 $ 185 $ 101 $ 6,589 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 As of December 31, 2013 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 year $ 2,525 $ 2,517 $ 1,316 $ 284 $ 1,689 $ 255 $ 154 $ 8,740 Provision charged to expense 691 (181 ) (203 ) (75 ) 988 125 205 $ 1,550 Losses charged off (879 ) (277 ) (139 ) - (1,268 ) (164 ) - $ (2,727 ) Recoveries 50 - 23 - 110 56 - $ 239 Balance, end of year $ 2,387 $ 2,059 $ 997 $ 209 $ 1,519 $ 272 $ 359 $ 7,802 Ending balance: individually evaluated for impairment $ 890 $ - $ 8 $ - $ 601 $ 102 $ - $ 1,601 Ending balance: collectively evaluated for impairment $ 1,497 $ 2,059 $ 989 $ 209 $ 918 $ 170 $ 359 $ 6,201 Loans: Ending balance: individually evaluated for impairment $ 4,530 $ 3,663 $ 886 $ - $ 6,776 $ 316 $ - $ 16,171 Ending balance: collectively evaluated for impairment $ 38,736 $ 175,417 $ 92,912 $ 46,188 $ 85,946 $ 16,987 $ - $ 456,186 A loan is considered impaired, in accordance with the impairment accounting guidance (ASC-310-10-35-16), when based on current information and events, it is probable the Bank will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include nonperforming commercial loans but also include loans modified in troubled debt restructurings where concessions have been granted to borrowers experiencing financial difficulties. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. The following summarizes impaired loans as of and for the years ended December 31, 2015 and 2014: As of December 31, 2015 Recorded Balance Unpaid Principal Balance Specific Allowance 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 $ 2,272 $ 2,272 $ - $ 1,270 $ 3 Multi-family - - - - - Real estate - construction 5,730 5,730 - 1,636 - Real estate - commercial 1,241 1,241 - 234 - Commercial loans 1,538 1,538 - 665 - Consumer and other loans 904 904 - 88 1 Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ - $ - $ - $ 228 $ - Multi-family - - - - - Real estate - construction 2,350 4,838 540 3,255 - Real estate - commercial - - - - - Commercial loans 611 914 312 616 - Consumer and other loans 84 84 13 118 - Total Real estate - residential mortgage: One to four family units $ 2,272 $ 2,272 $ - $ 1,498 $ 3 Multi-family - - - - - Real estate - construction 8,080 10,568 540 4,891 - Real estate - commercial 1,241 1,241 - 234 - Commercial loans 2,149 2,452 312 1,281 - Consumer and other loans 988 988 13 206 1 Total $ 14,730 $ 17,521 $ 865 $ 8,110 $ 4 As of December 31, 2014 Recorded Balance Unpaid Principal Balance Specific Allowance 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 $ 632 $ 632 $ - $ 692 $ 2 Multi-family - - - 35 - Real estate - construction 74 74 - 84 - Real estate - commercial - - - 204 - Commercial loans 341 341 - 1,924 198 Consumer and other loans - - - - - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 279 $ 279 $ 36 $ 322 $ - Multi-family - - - - - Real estate - construction 2,819 4,074 376 3,554 - Real estate - commercial 460 460 158 441 - Commercial loans 685 988 203 1,175 - Consumer and other loans 91 91 12 234 - Total Real estate - residential mortgage: One to four family units $ 911 $ 911 $ 36 $ 1,014 $ 2 Multi-family - - - 35 - Real estate - construction 2,893 4,148 376 3,638 - Real estate - commercial 460 460 158 645 - Commercial loans 1,026 1,329 203 3,099 198 Consumer and other loans 91 91 12 234 - Total $ 5,381 $ 6,939 $ 785 $ 8,665 $ 200 Interest of approximately $46,000 was recognized on average impaired loans of $17,244,000 for the year ended December 31, 2013. At December 31, 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 of 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 summarizes information regarding new troubled debt restructurings by class: 2015 Number of Loans Pre-Modification Outstanding Recorded Balance Outstanding Recorded Balance Real estate - residential mortgage: One to four family units 7 $ 1,345,358 $ 1,345,358 Multi-family - - - Real estate - construction 5 6,889,044 5,655,969 Real estate - commercial 1 161,491 161,491 Commercial loans 3 750,849 771,557 Consumer and other loans - - - Total 16 $ 9,146,742 $ 7,934,375 2014 Number of Loans Pre-Modification Outstanding Recorded Balance Outstanding Recorded Balance Real estate - residential mortgage: One to four family units 1 $ 287,500 $ 287,500 Multi-family - - - Real estate - construction - - - Real estate - commercial - - - Commercial loans 2 831,026 831,026 Consumer and other loans - - - Total 3 $ 1,118,526 $ 1,118,526 The troubled debt restructurings described above increased the allowance for loan losses by $0 and $239,724 and resulted in charge offs of $1,233,075 and $303,345 during the years ended December 31, 2015 and 2014, respectively. The following presents the troubled debt restructurings by type of modification: 2015 Interest Rate Term Combination Total Modification Real estate - residential mortgage: One to four family units $ - $ - $ 1,345,358 $ 1,345,358 Multi-family - - - - Real estate - construction - - 5,655,969 5,655,969 Real estate - commercial - - 161,491 161,491 Commercial loans - 310,500 461,057 771,557 Consumer and other loans - - - - Total $ - $ 310,500 $ 7,623,875 $ 7,934,375 2014 Interest Rate Term Combination Total Modification Real estate - residential mortgage: One to four family units $ - $ - $ 287,500 $ 287,500 Multi-family - - - - Real estate - construction - - - - Real estate - commercial - - - - Commercial loans - - 831,026 831,026 Consumer and other loans - - - - Total $ - $ - $ 1,118,526 $ 1,118,526 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. 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 table provides information about the credit quality of the loan portfolio using the Bank’s internal rating system as of December 31, 2015 and 2014: As of December 31, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Total (In Thousands) Rating: Pass $ 37,383 $ 198,230 $ 91,267 $ 41,604 $ 73,407 $ 21,775 $ 463,666 Special Mention - 3,657 3,319 - 2,267 - 9,243 Substandard 8,080 6,937 3,671 - 4,730 217 23,635 Doubtful - - - - 603 - 603 Total $ 45,463 $ 208,824 $ 98,257 $ 41,604 $ 81,007 $ 21,992 $ 497,147 As of 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 The weighted average interest rate on loans as of December 31, 2015 and 2014 was 4.87% and 5.09%, respectively. The Bank serviced mortgage loans for others amounting to $64,220 and $94,214 as of December 31, 2015 and 2014, respectively. The Bank serviced commercial loans for others amounting to $7,629,058 and $4,672,175 as of December 31, 2015 and 2014, respectively.

Note 4 - Premises and Equipment

Note 4 - Premises and Equipment	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 4: PREMISES AND EQUIPMENT Major classifications of premises and equipment, stated at cost, are as follows: December 31, December 31, 2015 2014 Land $ 2,250,789 $ 2,250,789 Buildings and improvements 11,791,945 11,805,406 Automobile 25,115 25,115 Furniture, fixtures and equipment 10,746,555 9,876,988 Leasehold improvements 271,799 271,799 25,086,203 24,230,097 Less accumulated depreciation (14,545,775 ) (13,627,334 ) Net premises and equipment $ 10,540,428 $ 10,602,763 Depreciation expense was $918,441, $755,937 and $822,316 for the years ended December 31, 2015, 2014, and 2013, respectively.

Note 5 - Bank Owned Life Insura

Note 5 - Bank Owned Life Insurance	12 Months Ended
	Dec. 31, 2015
Investments, All Other Investments [Abstract]
Life Insurance, Corporate or Bank Owned [Text Block]	NOTE 5: BANK OWNED LIFE INSURANCE The Company has purchased Bank owned life insurance on certain key members of management. In December 2015, the Company purchased an additional $4,000,000 of single premium life insurance on key members of management with the purpose of partially offsetting the Company’s employee benefit costs as a whole. Such policies are recorded at their cash surrender value, or the amount that can be realized. The increase in cash surrender value in excess of the single premium paid is reported as other noninterest income. The balance at December 31, 2015 and 2014 was $18,779,915 and $14,417,220, respectively.

Note 6 - Investments in Afforda

Note 6 - Investments in Affordable Housing Partnerships	12 Months Ended
	Dec. 31, 2015
Investments In Affordable Housing Partnerships [Abstract]
Investments In Affordable Housing Partnerships [Text Block]	NOTE 6: INVESTMENTS IN AFFORDABLE HOUSING PARTNERSHIPS The Company received income tax credits of $1,221,394, $1,221,394 and $1,221,394 during 2015, 2014 and 2013, respectively. Amortization of the investment costs was $885,478 during each of the fiscal years 2015, 2014 and 2013.

Note 7 - Deposits

Note 7 - Deposits	12 Months Ended
	Dec. 31, 2015
Disclosure Text Block [Abstract]
Deposit Liabilities Disclosures [Text Block]	NOTE 7: DEPOSITS Deposits are comprised of the following at December 31, 2015 and 2014: December 31, 2015 December 31, 2014 Weighted Average Rate Balance Percentage of Deposits Weighted Average Rate Balance Percentage of Deposits Demand 0.00 % $ 67,897,263 13.1 % 0.00 % $ 51,707,667 10.8 % NOW 0.31 % 137,472,955 26.6 % 0.34 % 111,561,440 23.3 % Money market 0.42 % 170,602,458 33.0 % 0.43 % 171,948,057 35.8 % Savings 0.20 % 25,864,718 5.0 % 0.20 % 23,619,332 4.9 % 0.30 % 401,837,394 77.7 % 0.32 % 358,836,496 74.8 % Certificates: 0% - 1.99% 0.90 % 114,204,316 22.0 % 0.84 % 117,499,869 24.5 % 2.00% - 3.99% 2.17 % 1,343,985 0.3 % 2.27 % 3,481,917 0.7 % 0.91 % 115,548,301 22.3 % 0.88 % 120,981,786 25.2 % Total Deposits 0.44 % $ 517,385,695 100.0 % 0.47 % $ 479,818,282 100.0 % The aggregate amount of certificates of deposit with a minimum balance of $100,000 was approximately $63,442,000 and $64,768,000, as of December 31, 2015 and 2014, respectively. A summary of certificates of deposit by maturity as of December 31, 2015, is as follows: 2016 $ 53,074,067 2017 38,417,990 2018 10,457,935 2019 7,145,767 2020 4,318,298 Thereafter 2,134,244 $ 115,548,301 A summary of interest expense on deposits is as follows: Years ended December 31, 2015 2014 2013 NOW and Money Market accounts $ 1,276,808 $ 1,242,158 $ 1,521,465 Savings accounts 49,467 49,071 53,647 Certificate accounts 1,102,928 1,050,081 1,295,864 Early withdrawal penalties (5,332 ) (12,220 ) (11,378 ) $ 2,423,871 $ 2,329,090 $ 2,859,598 The Bank utilizes brokered deposits as an additional funding source. The aggregate amount of brokered deposits was approximately $45,794,000 and $50,331,000 as of December 31, 2015 and 2014, respectively.

Note 8 - Borrowings

Note 8 - Borrowings	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 8: BORROWINGS Federal Home Loan Bank Advances Federal Home Loan Bank advances consist of the following: December 31, 2015 December 31, 2014 Maturity Date Amount Weighted Average Rate Amount Weighted Average Rate 2015 - 0.00 % 8,250,000 0.41 % 2018 50,000,000 2.14 % 50,000,000 2.14 % 2019 2,100,000 4.87 % 2,100,000 4.87 % $ 52,100,000 2.25 % $ 60,350,000 2.00 % The FHLB requires the Bank to maintain collateral in relation to outstanding balances of advances. For collateral purposes, the FHLB values mortgage loans free of other pledges, liens and encumbrances at 80% of their fair value, and investment securities free of other pledges, liens and encumbrances at 95% of their fair value. Based on existing collateral as well as the FHLB’s limitation of advances to 35% of assets, the Bank has the ability to borrow an additional $116.0 million from the FHLB, as of December 31, 2015. Federal Reserve Bank Borrowings During 2008, the Bank established a borrowing line with the Federal Reserve Bank. The Bank has the ability to borrow $30.6 million as of December 31, 2015. The Federal Reserve Bank requires the Bank to maintain collateral in relation to borrowings outstanding. The Bank had no borrowings outstanding on this line as of December 31, 2015 and 2014. Securities Sold Under Agreements to Repurchase In January 2008, the Company borrowed $30.0 million under three structured repurchase agreements. Interest was based on a fixed weighted average rate of 2.65% until maturity in January 2018. Beginning in February 2010, the counterparty, Barclay’s Capital, Inc., had the option to terminate the agreements on a quarterly basis until maturity. Prior to the stated maturity date, the Company paid off one of these agreements in the amount $15.0 million in May 2013 and another agreement in the amount of $5.0 million in November 2011. In June 2015, the Company executed a structured transaction in order to pay off the remaining $10.0 million, prior to its stated maturity date, incurring a prepayment penalty of $463,992.

Note 9 - Subordinated Debenture

Note 9 - Subordinated Debentures	12 Months Ended
	Dec. 31, 2015
Subordinated Borrowings [Abstract]
Subordinated Borrowings Disclosure [Text Block]	NOTE 9: SUBORDINATED DEBENTURES During 2005, the Company formed two wholly owned grantor trust subsidiaries, Guaranty Statutory Trust I and Guaranty Statutory Trust II, to issue preferred securities representing undivided beneficial interests in the assets of the trusts and to invest the gross proceeds of the preferred securities in notes of the Company. Trust I issued $5,000,000 of preferred securities and Trust II issued $10,000,000 of preferred securities. The sole assets of Trust I were originally $5,155,000 aggregate principal amount of the Company’s fixed rate subordinated debenture notes due 2036, which were redeemable beginning in 2011. The sole assets of Trust II were originally $10,310,000 aggregate principal amount of the Company’s fixed/variable rate subordinated debenture notes due 2036, which were redeemable beginning in 2011. Trust II subordinated debenture notes bear interest at a fixed rate for five years and thereafter at a floating rate based on LIBOR. The preferred securities qualify as either Tier I or Tier II capital for regulatory purposes, subject to certain limitations.

Note 10 - Income Taxes

Note 10 - Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 10: INCOME TAXES As of December 31, 2015 and 2014, retained earnings included approximately $5,075,000 for which no deferred income tax liability has been recognized. This amount represents an allocation of income to bad debt deductions for tax purposes only. Reduction of amounts so allocated for purposes other than tax bad debt losses or adjustments arising from carryback of net operating losses would create income for tax purposes only, which would be subject to the then current corporate income tax rate. The unrecorded deferred income tax liability on the above amount was approximately $1,878,000 as of both December 31, 2015 and 2014. The provision for income taxes consists of: Years Ended December 31, 2015 2014 2013 Taxes currently payable $ 2,140,591 $ 1,445,947 $ 1,532,515 Deferred income taxes 320,738 666,561 983,526 $ 2,461,329 $ 2,112,508 $ 2,516,041 The tax effects of temporary differences related to deferred taxes shown on the December 31, 2015 and 2014 balance sheets are: December 31, December 31, 2015 2014 Deferred tax assets: Allowances for loan losses $ 1,976,060 $ 2,240,123 Writedowns on foreclosed assets held for sale 773,652 781,870 Deferred loan fees/costs 123,390 96,877 Unrealized depreciation on available-for-sale securities 401,688 263,358 Other 446,122 421,873 3,720,912 3,804,101 Deferred tax liabilities: FHLB stock dividends (51,713 ) (52,455 ) Accumulated depreciation (368,245 ) (268,503 ) Other (70,849 ) (70,630 ) (490,807 ) (391,588 ) Net deferred tax asset $ 3,230,105 $ 3,412,513 A reconciliation of income tax expense at the statutory rate to income tax expense at the Company’s effective rate is shown below: Years ended December 31, 2015 2014 2013 Computed at statutory rate 34.0 % 34.0 % 34.0 % Increase (reduction) in taxes resulting from: State financial institution tax and credits (4.8% ) (4.8% ) (4.8% ) Cash surrender value of life insurance (1.5% ) (1.6% ) (2.0% ) Other 2.4 % (0.8% ) 5.2 % Actual effective rate 30.1 % 26.8 % 32.4 %

Note 11 - Disclosures about Fai

Note 11 - Disclosures about Fair Value of Assets and Liabilities	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	NOTE 11: 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 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 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 December 31, 2015 and 2014 (dollar amounts in thousands): As of December 31, 2015 Financial assets: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Equity securities: Other $ 99 $ - $ - $ 99 Debt securities: U.S. government agencies - 8,397 - 8,397 Municipals - 31,349 - 31,349 Corporates - 3,814 - 3,814 Government sponsored mortgage-backed securities and SBA loan pools - 53,633 - 53,633 Available-for-sale securities $ 99 $ 97,193 $ - $ 97,292 As of December 31, 2014 Financial assets: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Equity securities: Other $ 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 consolidated 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 December 31, 2015 and 2014 (dollar amounts in thousands): Impaired loans: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value December 31, 2015 $ - $ - $ 12,923 $ 12,923 December 31, 2014 $ - $ - $ 4,076 $ 4,076 Foreclosed assets held for sale: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value December 31, 2015 $ - $ - $ - $ - December 31, 2014 $ - $ - $ 354 $ 354 There were no transfers between valuation levels for any asset during the years ended December 31, 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 nonrecurring Level 3 fair value measurements (dollar amounts in thousands): Fair Value December 31, 2015 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans (collateral dependent) $ 5,000 Market Comparable Discount to reflect realizable value 0% - 23% (4%) Impaired loans $ 7,923 Discounted Cash flow Discount rate 0% - 51% (4%) 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 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 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 and Federal Reserve 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 and notes payable 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 is 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 table presents estimated fair values of the Company’s financial instruments at December 31, 2015 and 2014. December 31, 2015 December 31, 2014 Carrying Amount Fair Value Hierarchy Level Carrying Amount Fair Value Hierarchy Level Financial assets: Cash and cash equivalents $ 18,774,419 $ 18,774,419 1 $ 12,493,890 $ 12,493,890 1 Held-to-maturity securities 43,099 43,935 2 60,993 62,619 2 Federal Home Loan Bank stock 2,837,500 2,837,500 2 3,156,900 3,156,900 2 Mortgage loans held for sale 1,902,933 1,902,933 2 1,214,632 1,214,632 2 Loans, net 491,001,907 495,207,798 3 486,586,636 487,244,753 3 Interest receivable 1,986,692 1,986,692 2 2,030,058 2,030,058 2 Financial liabilities: Deposits 517,385,695 511,225,380 2 479,818,282 476,519,750 2 FHLB and Federal Reserve advances 52,100,000 53,227,960 2 60,350,000 61,615,252 2 Securities sold under agreements to repurchase - - 2 10,000,000 10,371,866 2 Subordinated debentures 15,465,000 15,465,000 3 15,465,000 15,465,000 3 Interest payable 196,102 196,102 2 242,145 242,145 2 Unrecognized financial instruments (net of contractual value): Commitments to extend credit - - - - - - Unused lines of credit - - - - - -

Note 12 - Significant Estimates

Note 12 - Significant Estimates and Concentrations	12 Months Ended
	Dec. 31, 2015
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	NOTE 12: SIGNIFICANT ESTIMATES AND CONCENTRATIONS Accounting principles generally accepted in the United States of America require disclosure of certain significant estimates and current vulnerabilities due to certain concentrations. Estimates related to the allowance for loan losses are reflected in the footnote regarding loans. Current vulnerabilities due to certain concentrations of credit risk are discussed in the footnote regarding loans.

Note 13 - Employee Benefit Plan

Note 13 - Employee Benefit Plans	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 13: EMPLOYEE BENEFIT PLANS Equity Plans On May 27, 2015, the Company’s stockholders voted to approve the Guaranty Federal Bancshares, Inc. 2015 Equity Plan (the”2015 Plan”). The Plan provides for the grant of up to 250,000 shares of Common Stock under equity awards including stock options, stock awards, restricted stock, stock appreciation rights, performance units, or other equity-based awards payable in cash or stock to key employees and directors of the Company and the Bank. As of December 31, 2015, restricted stock for 2,966 shares of Common Stock has been granted under the Plan. On May 26, 2010, the Company’s stockholders voted to approve the Guaranty Federal Bancshares, Inc. 2010 Equity Plan (the”2010 Plan”). The Plan provides for the grant of up to 200,000 shares of Common Stock under equity awards including stock options, stock awards, restricted stock, stock appreciation rights, performance units, or other equity-based awards payable in cash or stock to key employees and directors of the Company and the Bank. As of December 31, 2015, non-incentive stock options for 25,000 shares and restricted stock for 139,330 shares of Common Stock have been granted under the Plan. In addition, the Company established four stock option plans for the benefit of certain directors, officers and employees of the Company and its subsidiary. A committee of the Company’s Board of Directors administers the plans. The stock options under these plans may be either incentive stock options or nonqualified stock options. Incentive stock options can be granted only to participants who are employees of the Company or its subsidiary. The option price must not be less than the market value of the Company stock on the date of grant. All options expire no later than ten years from the date of grant. The options vest at the rate of 20% per year over a five-year period. The tables below summarize transactions under the Company’s equity plans: Stock Options Number of shares Incentive Stock Option Non-Incentive Stock Option Weighted Average Exercise Price Balance outstanding as of January 1, 2013 174,500 167,000 $ 16.38 Granted - - - Exercised (1,800 ) - 5.23 Forfeited (4,600 ) (46,000 ) 15.86 Balance outstanding as of December 31, 2013 168,100 121,000 16.54 Granted - - - Exercised (25,100 ) (14,500 ) 5.33 Forfeited (2,700 ) (24,000 ) 19.03 Balance outstanding as of December 31, 2014 140,300 82,500 18.23 Granted - - - Exercised (10,800 ) (25,000 ) 5.22 Forfeited (38,000 ) - 25.19 Balance outstanding as of December 31, 2015 91,500 57,500 $ 19.58 Options exercisable as of December 31, 2015 91,500 57,500 $ 19.58 Restricted Stock Number of shares Weighted Average Grant- Date Fair Value Balance of shares non-vested as of January 1, 2013 27,313 $ 7.30 Granted 17,326 7.17 Vested (16,576 ) 7.00 Forfeited (434 ) 7.25 Balance of shares non-vested as of December 31, 2013 27,629 7.39 Granted 34,562 10.99 Vested (31,688 ) 8.55 Forfeited - - Balance of shares non-vested as of December 31, 2014 30,503 10.26 Granted 28,951 14.78 Vested (15,083 ) 11.64 Forfeited (894 ) 12.26 Balance of shares non-vested as of December 31, 2015 43,477 $ 12.75 As of December 31, 2015, total outstanding stock options of 149,000 had a remaining contractual life of 2.27 years. The total intrinsic value of outstanding stock options was $565,025 and $727,827 at December 31, 2015 and 2014, respectively. The total intrinsic value of outstanding exercisable stock options was $565,025 and $651,781 at December 31, 2015 and 2014, respectively. The total fair value of share awards vested was $143,350 and $361,517 during 2015 and 2014, respectively. In February 2015 and 2014 and January 2013, the Company granted restricted stock to directors that was fully vested and thus, expensed in full during the year ended December 31, 2015, 2014 and 2013, respectively. The amount expensed of $122,476, $122,538 and $116,032 for 2015, 2014 and 2013, respectively, represents 8,281, 11,242 and 16,576 shares of common stock at a market price of $14.79, $10.90 and $7.00, respectively, at the date of grant. 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 during 2015 was $2,434. During 2015, the Company granted 19,704 shares of restricted stock to officers that have a cliff vesting at the end of three years. During 2014, the Company granted 23,320 shares of restricted stock to officers that have a cliff vesting at the end of three years. During 2012, the Company granted 27,313 shares of restricted stock to officers that have a cliff vesting at the end of two years, except the CEO, who has a three year cliff vesting. The expense is being recognized over the applicable vesting period. The amount expensed during 2015, 2014 and 2013 was $176,644, $102,099 and $89,357, respectively. Total stock-based compensation expense is comprised of expense for restricted stock awards and stock options. Expense recognized for the years ended December 31, 2015, 2014 and 2013 was $297,295, $254,340 and $254,508, respectively. As of December 31, 2015, there was $310,639 of unrecognized compensation expense related to nonvested restricted stock awards, which will be recognized over the remaining vesting periods.

Note 14 - New Accounting Pronou

Note 14 - New Accounting Pronouncements	12 Months Ended
	Dec. 31, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 14: 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 In January 2016, the FASB issued ASU 2016-01, Financial Instruments- Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU 2016-02, Leases

Note 15 - Preferred Stock and C

Note 15 - Preferred Stock and Common Stock Warrant	12 Months Ended
	Dec. 31, 2015
Preferred Stock And Common Stock Warrant Disclosure [Abstract]
Preferred Stock And Common Stock Warrant Disclosure [Text Block]	NOTE 15: PREFERRED STOCK AND COMMON STOCK WARRANT On January 30, 2009, the Company issued and sold, and the Treasury purchased, (1) 17,000 shares of the Company’s Fixed Rate Cumulative Perpetual Preferred Stock Series A (the “Series A Preferred Shares”), and (2) a ten-year warrant to purchase up to 459,459 shares of the Company's common stock at an exercise price of $5.55 per share (the “Warrant”), for an aggregate purchase price of $17.0 million. The Certificate of Designations by which the Series A Preferred Shares were created (the “Certificate of Designations”) provided, among other things, that the Series A Preferred Shares were redeemable at the liquidation amount of $1,000 per share plus accrued but unpaid dividends. The Certificate of Designations also provided for a dividend rate of 5% per annum for the first five years from the date of issuance which increased to 9% per annum thereafter. The Series A Preferred Shares qualified as Tier 1 capital. On June 13, 2012, with regulatory approval, the Company redeemed 5,000 Series A Preferred Shares for $5 million plus accrued and unpaid dividends of $19,444, leaving 12,000 Series A Preferred Shares remaining outstanding and owned by Treasury. The Company entered into a Placement Agency Agreement with the Treasury on April 15, 2013 in connection with a private auction by the Treasury of all of its remaining 12,000 Series A Preferred Shares which was conducted immediately thereafter (the “Private Auction”). On April 29, 2013, the Treasury settled the sale of such Series A Preferred Shares to the winning bidders in the Private Auction, consisting of six parties unrelated to the Company. Shortly thereafter, the Company repurchased the Warrant from Treasury pursuant to the terms thereof for the aggregate purchase price of $2,003,250 in cash. As a result of the Warrant repurchase, the Company’s participation in the CPP was completed. On April 3, 2014, the Company received approval from the Board of Governors of the Federal Reserve System to redeem the Company’s remaining 12,000 Series A Preferred Shares from the parties who had purchased them from Treasury or their affiliates, for the liquidation amount of $12 million plus accrued but unpaid dividends of $19.50 per Series A Preferred Share. At the time of the redemption, the Series A Preferred Shares carried a coupon rate of 9.0% per annum. The Company provided the holders of the Series A Preferred Stock with a formal notice of redemption and thirty days thereafter redeemed the Series A Preferred Stock on May 7, 2014, plus all accrued and unpaid dividends.

Note 16 - Common Stock Offering

Note 16 - Common Stock Offering	12 Months Ended
	Dec. 31, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 16: COMMON STOCK OFFERING On March 7, 2014, the Company closed an underwritten offering of its common stock. The Company raised approximately $17.2 million in gross proceeds by selling 1,499,999 shares of its Treasury Stock, which includes the full exercise of the over-allotment option granted to the underwriters of 195,652 shares, at a price to the public of $11.50 per share. Net proceeds from the sale of the shares after underwriting discounts and estimated offering expenses were approximately $15.8 million. The Company used the net proceeds from the offering to redeem the remaining 12,000 shares of the Company’s Series A Preferred Stock on May 7, 2014 and intends to use the remaining net proceeds for working capital and for general corporate purposes, including potential future acquisitions.

Note 17 - Other Expenses

Note 17 - Other Expenses	12 Months Ended
	Dec. 31, 2015
Other Income and Expenses [Abstract]
Other Income and Other Expense Disclosure [Text Block]	NOTE 17: OTHER EXPENSES Other expenses for the years ended December 31, 2015, 2014 and 2013 were as follows: December 31, December 31, December 31, 2015 2014 2013 Directors compensation $ 216,770 $ 215,465 $ 243,410 Outside services 75,000 96,660 111,332 Legal expense 275,657 246,545 431,519 Deposit expense 77,862 67,710 84,942 Office supplies 74,798 77,909 74,516 Telephone 141,674 118,268 116,661 Postage 155,901 149,379 153,753 Insurance 113,341 106,139 87,758 Supervisory exam 51,433 57,359 55,234 Accounting 171,759 217,280 223,517 Organization dues 137,723 146,845 124,454 Loan expense 397,438 269,016 310,853 Contributions 52,500 50,004 40,000 ATM expense 238,744 253,457 228,547 Other operating 666,580 709,983 489,483 $ 2,847,180 $ 2,782,019 $ 2,775,979

Note 18 - Related Party Transac

Note 18 - Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 18: RELATED PARTY TRANSACTIONS In the ordinary course of business, the Bank has granted loans to executive officers and directors and their affiliates. Annual activity consisted of the following: Year ended December 31, 2015 2014 2013 Balance, beginning of year $ 4,409,644 $ 6,483,503 $ 6,095,008 New Loans - 394,269 782,681 Repayments (463,023 ) (2,468,128 ) (394,186 ) Balance, end of year $ 3,946,621 $ 4,409,644 $ 6,483,503 In management's opinion, such loans and other extensions of credit and deposits were made in the ordinary course of business and were made on substantially the same terms as those prevailing at the time for comparable transactions with other persons. Further, in management's opinion, these loans did not involve more than normal risk of collectability or present other unfavorable features.

Note 19 - Commitments and Credi

Note 19 - Commitments and Credit Risk	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 19: COMMITMENTS AND CREDIT RISK Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since a portion of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer's credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management's credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, property and equipment, commercial real estate and residential real estate. As of December 31, 2015 and 2014, the Bank had outstanding commitments to originate fixed-rate mortgage loans of approximately $4,218,000 and $2,483,000, respectively. The commitments extend over varying periods of time with the majority being disbursed within a thirty-day period. Standby letters of credit are irrevocable conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. Financial standby letters of credit are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing and similar transactions. Performance standby letters of credit are issued to guarantee performance of certain customers under non-financial contractual obligations. The credit risk involved in issuing standby letters of credit is essentially the same as that involved in extending loans to customers. Fees for letters of credit are initially recorded by the Bank as deferred revenue and are included in earnings at the termination of the respective agreements. Should the Bank be obligated to perform under the standby letters of credit, the Bank may seek recourse from the customer for reimbursement of amounts paid. The Bank had total outstanding standby letters of credit amounting to $12,135,000 and $15,965,000 as of December 31, 2015 and 2014, respectively, with terms ranging from 1 year to 5 years. The Bank has confirming letters of credit from the FHLB issued for collateral on public deposits and to enhance Bank issued letters of credit granted to various customers for industrial revenue bond issues. As of December 31, 2015 and 2014, these letters of credit aggregated approximately $20,028,000 and $23,884,000. Lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Lines of credit generally have fixed expiration dates. Since a portion of the line may expire without being drawn upon, the total unused lines do not necessarily represent future cash requirements. Each customer's credit worthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management's credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, property and equipment, commercial real estate and residential real estate. Management uses the same credit policies in granting lines of credit as it does for on balance sheet instruments. As of December 31, 2015 and 2014, unused lines of credit to borrowers aggregated approximately $68,066,000 and $47,599,000, respectively, for commercial lines and $14,461,000 and $13,859,000, respectively, for open-end consumer lines.

Note 20 - Condensed Parent Comp

Note 20 - Condensed Parent Company Statements	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	NOTE 20: CONDENSED PARENT COMPANY STATEMENTS The condensed balance sheets as of December 31, 2015 and 2014, and statements of income and cash flows for the years ended December 31, 2015, 2014 and 2013 for the parent company, Guaranty Federal Bancshares, Inc., are as follows: Condensed Balance Sheets December 31, 2015 2014 Assets Cash $ 3,642,158 $ 3,882,370 Available-for-sale securities 99,517 105,024 Investment in subsidiary 77,953,486 71,626,420 Investment in Capital Trust I & II 465,000 465,000 Prepaid expenses and other assets 13,894 15,954 Refundable income taxes 119,379 1,216,032 Deferred income taxes 9,985 7,947 $ 82,303,419 $ 77,318,747 Liabilities Subordinated debentures $ 15,465,000 $ 15,465,000 Accrued expenses and other liabilities 409,054 370,000 Due to subsidiary 6,900 6,900 Stockholders' equity Common stock 685,900 682,320 Additional paid-in capital 50,441,464 50,366,546 Retained earnings 53,258,126 48,549,691 Unrealized loss on available-for-sale securities, net (683,956 ) (448,421 ) Treasury stock (37,279,069 ) (37,673,289 ) $ 82,303,419 $ 77,318,747 Condensed Statements of Income Years ended December 31, 2015 2014 2013 Income Dividends from subsidiary bank $ - $ - $ 4,003,250 Interest income: Other 16,200 16,069 16,152 16,200 16,069 4,019,402 Expense Interest expense: Related party 538,785 533,207 537,178 Other 734,780 765,848 815,865 1,273,565 1,299,055 1,353,043 Income (loss) before income taxes and equity in undistributed income (loss) of subsidiaries (1,257,365 ) (1,282,986 ) 2,666,359 Credit for income taxes (415,000 ) (399,000 ) (412,000 ) Income (loss) before equity in undistributed earnings of subsidiaries (842,365 ) (883,986 ) 3,078,359 Equity in undistributed income of subsidiaries 6,559,132 6,666,682 2,161,348 Net income $ 5,716,767 $ 5,782,696 $ 5,239,707 Condensed Statements of Cash Flows Years ended December 31, 2015 2014 2013 Cash Flows From Operating Activities Net income $ 5,716,767 $ 5,782,696 $ 5,239,707 Items not requiring (providing) cash: Equity in undistributed income of subsidiaries (6,559,132 ) (6,666,682 ) (2,161,349 ) Deferred income taxes - (17,976 ) - Stock award plan expense 285,589 242,189 254,508 Changes in: Prepaid expenses and other assets 2,060 157,745 (138,119 ) Income taxes payable/refundable 1,096,653 326,287 (390,000 ) Accrued expenses (95,779 ) 55,519 8,723 Net cash provided by (used in) operating activities 446,158 (120,222 ) 2,813,470 Cash Flows From Financing Activities Proceeds from issuance of common stock - 15,814,312 - Stock options exercised 187,129 210,870 9,408 Cash dividends paid on common and preferred stock (873,499 ) (844,786 ) (600,000 ) Treasury stock purchased - - (106,636 ) Repayment of advances from subsidiary - - 27,695 Repurchase of stock warrants - - (2,003,250 ) Redemption of preferred stock - (12,000,000 ) - Net cash provided by (used in) financing activities (686,370 ) 3,180,396 (2,672,783 ) Increase (Decrease) in cash (240,212 ) 3,060,174 140,687 Cash, beginning of year 3,882,370 822,196 681,509 Cash, end of year $ 3,642,158 $ 3,882,370 $ 822,196 Statements of Comprehensive Income Years ended December 31, 2015 2014 2013 NET INCOME $ 5,716,767 $ 5,782,696 $ 5,239,707 OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS): Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes (5,507 ) 5,718 28,392 Income tax expense related to other items of comprehensive income 2,038 2,117 10,505 Other comprehensive income (loss) (7,545 ) 3,601 17,887 Comprehensive income (loss) of Bank (227,990 ) 2,054,226 (3,324,961 ) TOTAL COMPREHENSIVE INCOME $ 5,481,232 $ 7,840,523 $ 1,932,633

Note 21 - Unaudited Quarterly O

Note 21 - Unaudited Quarterly Operating Results	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information [Text Block]	NOTE 2 1: UNAUDITED QUARTERLY OPERATING RESULTS Year Ended December 31, 2015, Quarter ended Mar-15 Jun-15 Sep-15 Dec-15 Interest income $ 6,287,637 $ 6,386,510 $ 6,229,091 $ 6,286,396 Interest expense 1,091,690 1,112,376 1,046,661 1,029,155 Net interest income 5,195,947 5,274,134 5,182,430 5,257,241 Provision for loan losses 150,000 - 200,000 250,000 Gain on loans and investment securities 385,863 857,664 469,767 389,611 Other noninterest income, net 615,846 654,089 693,782 586,089 Noninterest expense 4,129,675 4,551,780 4,105,593 3,997,319 Income before income taxes 1,917,981 2,234,107 2,040,386 1,985,622 Provision for income taxes 588,437 696,158 621,751 554,983 Net income available to common shareholders $ 1,329,544 $ 1,537,949 $ 1,418,635 $ 1,430,639 Basic income per common share $ 0.31 $ 0.35 $ 0.33 $ 0.33 Diluted income per common share $ 0.30 $ 0.35 $ 0.32 $ 0.33 Year Ended December 31, 2014, Quarter ended Mar-14 Jun-14 Sep-14 Dec-14 Interest income $ 6,360,064 $ 6,037,583 $ 6,147,059 $ 6,469,608 Interest expense 1,100,897 1,060,346 1,086,163 1,081,899 Net interest income 5,259,167 4,977,237 5,060,896 5,387,709 Provision for loan losses 200,000 325,000 450,000 300,000 Gain on loans and investment securities 188,666 258,270 248,413 320,417 Other noninterest income, net 629,027 604,225 618,972 550,474 Noninterest expense 4,344,604 3,882,983 3,851,068 3,740,093 Income before income taxes 1,532,256 1,631,749 1,627,213 2,218,507 Provision for income taxes 230,830 293,066 266,730 436,403 Net income 1,301,426 1,338,683 1,360,483 1,782,104 Preferred stock dividends and discount accretion 246,210 111,000 - - Net income available to common shareholders $ 1,055,216 $ 1,227,683 $ 1,360,483 $ 1,782,104 Basic income per common share $ 0.33 $ 0.29 $ 0.32 $ 0.41 Diluted income per common share $ 0.33 $ 0.28 $ 0.31 $ 0.41

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, the Bank. All significant intercompany profits, transactions and balances have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans and fair values. In connection with the determination of the allowance for loan losses and the valuation of foreclosed assets held for sale, management obtains independent appraisals for significant properties.
Marketable Securities, Policy [Policy Text Block]	Securities Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and recorded at amortized cost. Securities not classified as held to maturity are classified as “available-for-sale” and are carried at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income. Purchase premiums are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. For debt securities with fair value below carrying value, when the Company does not intend to sell a debt security, and it is more likely than not, the Company will not have to sell the security before a recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held-to-maturity debt securities, the amount of an other-than-temporary impairment recorded in other comprehensive income for the noncredit portion of a previous other-than-temporary impairment is amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. The Company’s consolidated statements of income reflect the full impairment (that is, the difference between the security’s amortized cost basis and fair value) on debt securities that the Company intends to sell or would more likely than not be required to sell before the expected recovery of the amortized cost basis. For available-for-sale and held-to-maturity debt securities that management has no intent to sell and believes that it more likely than not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the noncredit loss is recognized in accumulated other comprehensive income. The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections.
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block]	Mortgage Loans Held for Sale Mortgage loans held for sale are carried at the lower of cost or fair value, determined using an aggregate basis. Write-downs to fair value are recognized as a charge to earnings at the time a decline in value occurs. Forward commitments to sell mortgage loans are sometimes acquired to reduce market risk on mortgage loans in the process of origination and mortgage loans held for sale. Gains and losses resulting from sales of mortgage loans are recognized when the respective loans are sold to investors. Gains and losses are determined by the difference between the selling price and the carrying amounts of the loans sold, and are recorded in noninterest income. Direct loan origination costs and fees are deferred at origination of the loan and are recognized in noninterest income upon sale of the loan.
Finance, Loans and Leases Receivable, Policy [Policy Text Block]	Loans 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 credit 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.
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for Loan Losses 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.
Finance, Loan and Lease Receivables, Held for Investments, Foreclosed Assets Policy [Policy Text Block]	Foreclosed Assets Held for Sale Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less costs to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less estimated costs to sell. Revenue and expenses from operations and changes in the valuation allowance are included in net expenses from foreclosed assets.
Property, Plant and Equipment, Policy [Policy Text Block]	Premises and Equipment Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line and accelerated methods over the estimated useful lives of the assets. The estimated useful lives for each major depreciable classification of premises and equipment are as follows: Buildings and improvements (in years) 35 - 40 Furniture and fixtures and vehicles (in years) 3 - 10
Bank Owned Life Insurance Policy [Policy Text Block]	Bank Owned Life Insurance Bank owned life insurance policies are carried at their cash surrender value. The Company recognizes tax-free income from the periodic increases in cash surrender value of these policies and from death benefits.
Income Tax, Policy [Policy Text Block]	Income Taxes The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740, Income Taxes Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company files consolidated income tax returns with its subsidiary. With a few exceptions, the Company is no longer subject to U.S. federal or state income tax examinations by tax authorities for years before 2012.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash Equivalents The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 2015 and 2014 cash equivalents consisted of interest-bearing deposits and money market accounts.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restriction on Cash and Due From Banks The Company is required to maintain reserve funds in cash and/or on deposit with the Federal Reserve Bank. The reserve required on December 31, 2015 and 2014, was $0 and $5,271,000, respectively.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income Comprehensive income consists of net income and other comprehensive income (loss), net of applicable income taxes. Other comprehensive income (loss) includes unrealized gain (loss) on available-for-sale securities, unrealized gain (loss) on available-for-sale securities for which a portion of an other-than-temporary impairment has been recognized in income and unrealized gain (loss) on held-to-maturity securities for which a portion of an other-than-temporary impairment has been recognized in income.
Regulatory Capital Requirements Under Banking Regulations [Policy Text Block]	Regulatory Matters The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct and material effect on the Company's consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Company’s regulators could require adjustments to regulatory capital not reflected in these financial statements. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below). Management believes, as of December 31, 2015 and 2014, that the Bank met all capital adequacy requirements to which it is subject. As of December 31, 2015, the most recent notification from the Missouri Division of Finance and the Federal Deposit Insurance Corporation categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Bank must maintain minimum total risk-based, Tier I risk-based, Tier I leverage and Common Equity Tier 1 risk-based ratios as set forth in the following table. There are no conditions or events since that notification that management believes have changed the Bank’s category. The Bank's actual capital amounts and ratios are also presented in the table. No amount was deducted from capital for interest-rate risk. Dollar amounts are expressed in thousands. To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015 Tier 1 (core) capital, and ratio to adjusted total assets Bank $ 78,635 12.2 % $ 25,844 4.0 % $ 32,305 5.0 % Tier 1 (core) capital, and ratio to risk-weighted assets Bank $ 78,635 13.4 % $ 35,105 6.0 % $ 46,806 8.0 % Total risk-based capital, and ratio to risk-weighted assets Bank $ 84,447 14.4 % $ 46,806 8.0 % $ 58,508 10.0 % Common equity tier 1 capital ratio to risk-weighted assets Bank $ 78,635 13.4 % $ 26,329 4.5 % $ 38,030 6.5 % To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2014 Tier 1 (core) capital, and ratio to adjusted total assets Company $ 76,927 12.3 % $ 25,020 4.0 % n/a n/a Bank $ 72,076 11.5 % $ 24,966 4.0 % $ 31,208 5.0 % Tier 1 (core) capital, and ratio to risk-weighted assets Company $ 76,927 14.7 % $ 20,928 4.0 % n/a n/a Bank $ 72,076 13.8 % $ 20,914 4.0 % $ 31,371 6.0 % Total risk-based capital, and ratio to risk-weighted assets Company $ 83,463 16.0 % $ 41,856 8.0 % n/a n/a Bank $ 78,612 15.0 % $ 41,828 8.0 % $ 52,285 10.0 % The amount of dividends that the Bank may pay is subject to various regulatory limitations. As of December 31, 2015 and 2014 the Bank exceeded the minimum capital requirements. The Bank may not pay dividends which would reduce capital below the minimum requirements shown above.
Segment Reporting, Policy [Policy Text Block]	Segment Information The principal business of the Company is overseeing the business of the Bank. The Company has no significant assets other than its investment in the Bank. The banking operation is the Company’s only reportable segment. The banking segment is principally engaged in the business of originating mortgage loans secured by one-to-four family residences, multi-family, construction, commercial and consumer loans. These loans are funded primarily through the attraction of deposits from the general public, borrowings from the Federal Home Loan Bank and brokered deposits. Selected information is not presented separately for the Company’s reportable segment, as there is no material difference between that information and the corresponding information in the consolidated financial statements.
Commitments and Contingencies, Policy [Policy Text Block]	General Litigation The Company and the Bank, from time to time, may be parties to ordinary routine litigation, which arises in the normal course of business, such as claims to enforce liens, and condemnation proceedings, on properties in which the Bank holds security interests, claims involving the making and servicing of real property loans, and other issues incident to the business of the Company and the Bank. After reviewing pending and threatened litigation with legal counsel, management believes that as of December 31, 2015, the outcome of any such litigation will not have a material adverse effect on the Company’s financial position or results of operations.
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Common Share The computation for earnings per common share for the years ended December 31, 2015, 2014 and 2013 is as follows: Year Ended Year Ended Year Ended December 31, 2015 December 31, 2014 December 31, 2013 Net income available to common shareholders $ 5,716,767 $ 5,425,486 $ 4,445,187 Weighted average common shares outstanding 4,333,418 4,006,461 2,733,969 Effect of dilutive securities 55,931 68,040 79,646 Weighted average diluted shares outstanding 4,389,349 4,074,501 2,813,615 Basic income per common share $ 1.32 $ 1.35 $ 1.63 Diluted income per common share $ 1.30 $ 1.33 $ 1.58 Stock options to purchase 88,500, 131,500 and 154,000 shares of common stock were outstanding during the years ended December 31, 2015, 2014 and 2013, respectively, but were not included in the computation of diluted income per common share because their exercise price was greater than the average market price of the common shares.

Note 1 - Nature of Operations31

Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Property, Plant and Equipment, Useful Lives [Table Text Block]	Buildings and improvements (in years) 35 - 40 Furniture and fixtures and vehicles (in years) 3 - 10
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015 Tier 1 (core) capital, and ratio to adjusted total assets Bank $ 78,635 12.2 % $ 25,844 4.0 % $ 32,305 5.0 % Tier 1 (core) capital, and ratio to risk-weighted assets Bank $ 78,635 13.4 % $ 35,105 6.0 % $ 46,806 8.0 % Total risk-based capital, and ratio to risk-weighted assets Bank $ 84,447 14.4 % $ 46,806 8.0 % $ 58,508 10.0 % Common equity tier 1 capital ratio to risk-weighted assets Bank $ 78,635 13.4 % $ 26,329 4.5 % $ 38,030 6.5 % To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2014 Tier 1 (core) capital, and ratio to adjusted total assets Company $ 76,927 12.3 % $ 25,020 4.0 % n/a n/a Bank $ 72,076 11.5 % $ 24,966 4.0 % $ 31,208 5.0 % Tier 1 (core) capital, and ratio to risk-weighted assets Company $ 76,927 14.7 % $ 20,928 4.0 % n/a n/a Bank $ 72,076 13.8 % $ 20,914 4.0 % $ 31,371 6.0 % Total risk-based capital, and ratio to risk-weighted assets Company $ 83,463 16.0 % $ 41,856 8.0 % n/a n/a Bank $ 78,612 15.0 % $ 41,828 8.0 % $ 52,285 10.0 %
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Year Ended Year Ended Year Ended December 31, 2015 December 31, 2014 December 31, 2013 Net income available to common shareholders $ 5,716,767 $ 5,425,486 $ 4,445,187 Weighted average common shares outstanding 4,333,418 4,006,461 2,733,969 Effect of dilutive securities 55,931 68,040 79,646 Weighted average diluted shares outstanding 4,389,349 4,074,501 2,813,615 Basic income per common share $ 1.32 $ 1.35 $ 1.63 Diluted income per common share $ 1.30 $ 1.33 $ 1.58

Note 2 - Securities (Tables)

Note 2 - Securities (Tables)	12 Months Ended
	Dec. 31, 2015
Note 2 - 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 December 31, 2015 Equity Securities $ 102,212 $ 10,081 $ (12,776 ) $ 99,517 Debt Securities: U. S. government agencies 8,533,885 - (137,101 ) 8,396,784 Municipals 31,132,635 302,335 (85,808 ) 31,349,162 Corporates 3,965,719 - (152,019 ) 3,813,700 Government sponsored mortgage-backed securities and SBA loan pools 54,643,681 13,764 (1,024,121 ) 53,633,324 $ 98,378,132 $ 326,180 $ (1,411,825 ) $ 97,292,487 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 Within 1 year $ 285,000 $ 285,359 1-5 years 4,726,452 4,701,831 5-10 years 16,144,447 16,134,279 After ten years 22,476,340 22,438,177 Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date 54,643,681 53,633,324 $ 98,275,920 $ 97,192,970
Held-to-maturity Securities [Table Text Block]	Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of December 31, 2015 Debt Securities: Government sponsored mortgage-backed securities $ 43,099 $ 836 $ - $ 43,935 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]	December 31, 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 $ - $ - $ 35,151 $ (12,776 ) $ 35,151 $ (12,776 ) U. S. government agencies 6,399,920 (83,965 ) 1,996,864 (53,136 ) 8,396,784 (137,101 ) Municipals 6,167,019 (70,266 ) 715,410 (15,542 ) 6,882,429 (85,808 ) Corporates 1,675,500 (79,708 ) 2,138,200 (72,311 ) 3,813,700 (152,019 ) Government sponsored mortgage-backed securities and SBA loan pools 33,072,102 (493,865 ) 15,923,314 (530,256 ) 48,995,416 (1,024,121 ) $ 47,314,541 $ (727,804 ) $ 20,808,939 $ (684,021 ) $ 68,123,480 $ (1,411,825 ) 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 2 - Securities (Tables) [Line Items]
Held-to-maturity Securities [Table Text Block]	Amortized Cost Approximat e Fair Value Government sponsored mortgage-backed securities not due on a single maturity date $ 43,099 $ 43,935

Note 3 - Loans and Allowance 33

Note 3 - Loans and Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2015
Note 3 - Loans and Allowance for Loan Losses (Tables) [Line Items]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, 2015 2014 Real estate - residential mortgage: One to four family units $ 98,257,417 $ 97,900,814 Multi-family 41,603,670 33,785,959 Real estate - construction 45,462,895 36,784,584 Real estate - commercial 208,824,573 215,605,054 Commercial loans 81,006,897 92,114,216 Consumer and other loans 21,991,881 17,246,437 Total loans 497,147,333 493,437,064 Less: Allowance for loan losses (5,811,940 ) (6,588,597 ) Deferred loan fees/costs, net (333,486 ) (261,831 ) Net loans $ 491,001,907 $ 486,586,636
Past Due Financing Receivables [Table Text Block]	As of December 31, 2015 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 $ - $ 168 $ 105 $ 273 $ 97,984 $ 98,257 $ - Multi-family - - - - 41,604 41,604 - Real estate - construction - - - - 45,463 45,463 - Real estate - commercial - - 1,079 1,079 207,745 208,824 - Commercial loans 88 - 1,239 1,327 79,680 81,007 - Consumer and other loans 2 8 - 10 21,982 21,992 - Total $ 90 $ 176 $ 2,423 $ 2,689 $ 494,458 $ 497,147 $ - 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 $ -
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	December 31, 2015 2014 Real estate - residential mortgage: One to four family units $ 2,272,535 $ 911,240 Multi-family - - Real estate - construction 8,079,807 2,892,772 Real estate - commercial 1,240,909 459,823 Commercial loans 2,149,333 1,026,772 Consumer and other loans 12,891 - Total $ 13,755,475 $ 5,290,607
Allowance for Credit Losses on Financing Receivables [Table Text Block]	As of December 31, 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 year $ 1,330 $ 1,992 $ 900 $ 127 $ 1,954 $ 185 $ 101 $ 6,589 Provision charged to expense 1,139 (466 ) - 50 (576 ) 117 336 $ 600 Losses charged off (1,233 ) - (99 ) - - (119 ) - $ (1,451 ) Recoveries 10 - 20 - 4 40 - $ 74 Balance, end of year $ 1,246 $ 1,526 $ 821 $ 177 $ 1,382 $ 223 $ 437 $ 5,812 Ending balance: individually evaluated for impairment $ 540 $ - $ - $ - $ 312 $ 13 $ - $ 865 Ending balance: collectively evaluated for impairment $ 706 $ 1,526 $ 821 $ 177 $ 1,070 $ 210 $ 437 $ 4,947 Loans: Ending balance: individually evaluated for impairment $ 8,080 $ 1,241 $ 2,272 $ - $ 2,149 $ 988 $ - $ 14,730 Ending balance: collectively evaluated for impairment $ 37,383 $ 207,583 $ 95,985 $ 41,604 $ 78,858 $ 21,004 $ - $ 482,417 As of 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: Balance, beginning of year $ 2,387 $ 2,059 $ 997 $ 209 $ 1,519 $ 272 $ 359 $ 7,802 Provision charged to expense (651 ) (157 ) 21 (82 ) 2,388 14 (258 ) $ 1,275 Losses charged off (411 ) (9 ) (127 ) - (2,018 ) (150 ) - $ (2,715 ) Recoveries 5 99 9 - 65 49 - $ 227 Balance, end of year $ 1,330 $ 1,992 $ 900 $ 127 $ 1,954 $ 185 $ 101 $ 6,589 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 As of December 31, 2013 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 year $ 2,525 $ 2,517 $ 1,316 $ 284 $ 1,689 $ 255 $ 154 $ 8,740 Provision charged to expense 691 (181 ) (203 ) (75 ) 988 125 205 $ 1,550 Losses charged off (879 ) (277 ) (139 ) - (1,268 ) (164 ) - $ (2,727 ) Recoveries 50 - 23 - 110 56 - $ 239 Balance, end of year $ 2,387 $ 2,059 $ 997 $ 209 $ 1,519 $ 272 $ 359 $ 7,802 Ending balance: individually evaluated for impairment $ 890 $ - $ 8 $ - $ 601 $ 102 $ - $ 1,601 Ending balance: collectively evaluated for impairment $ 1,497 $ 2,059 $ 989 $ 209 $ 918 $ 170 $ 359 $ 6,201 Loans: Ending balance: individually evaluated for impairment $ 4,530 $ 3,663 $ 886 $ - $ 6,776 $ 316 $ - $ 16,171 Ending balance: collectively evaluated for impairment $ 38,736 $ 175,417 $ 92,912 $ 46,188 $ 85,946 $ 16,987 $ - $ 456,186
Impaired Financing Receivables [Table Text Block]	As of December 31, 2015 Recorded Balance Unpaid Principal Balance Specific Allowance 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 $ 2,272 $ 2,272 $ - $ 1,270 $ 3 Multi-family - - - - - Real estate - construction 5,730 5,730 - 1,636 - Real estate - commercial 1,241 1,241 - 234 - Commercial loans 1,538 1,538 - 665 - Consumer and other loans 904 904 - 88 1 Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ - $ - $ - $ 228 $ - Multi-family - - - - - Real estate - construction 2,350 4,838 540 3,255 - Real estate - commercial - - - - - Commercial loans 611 914 312 616 - Consumer and other loans 84 84 13 118 - Total Real estate - residential mortgage: One to four family units $ 2,272 $ 2,272 $ - $ 1,498 $ 3 Multi-family - - - - - Real estate - construction 8,080 10,568 540 4,891 - Real estate - commercial 1,241 1,241 - 234 - Commercial loans 2,149 2,452 312 1,281 - Consumer and other loans 988 988 13 206 1 Total $ 14,730 $ 17,521 $ 865 $ 8,110 $ 4 As of December 31, 2014 Recorded Balance Unpaid Principal Balance Specific Allowance 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 $ 632 $ 632 $ - $ 692 $ 2 Multi-family - - - 35 - Real estate - construction 74 74 - 84 - Real estate - commercial - - - 204 - Commercial loans 341 341 - 1,924 198 Consumer and other loans - - - - - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 279 $ 279 $ 36 $ 322 $ - Multi-family - - - - - Real estate - construction 2,819 4,074 376 3,554 - Real estate - commercial 460 460 158 441 - Commercial loans 685 988 203 1,175 - Consumer and other loans 91 91 12 234 - Total Real estate - residential mortgage: One to four family units $ 911 $ 911 $ 36 $ 1,014 $ 2 Multi-family - - - 35 - Real estate - construction 2,893 4,148 376 3,638 - Real estate - commercial 460 460 158 645 - Commercial loans 1,026 1,329 203 3,099 198 Consumer and other loans 91 91 12 234 - Total $ 5,381 $ 6,939 $ 785 $ 8,665 $ 200
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	2015 Number of Loans Pre-Modification Outstanding Recorded Balance Outstanding Recorded Balance Real estate - residential mortgage: One to four family units 7 $ 1,345,358 $ 1,345,358 Multi-family - - - Real estate - construction 5 6,889,044 5,655,969 Real estate - commercial 1 161,491 161,491 Commercial loans 3 750,849 771,557 Consumer and other loans - - - Total 16 $ 9,146,742 $ 7,934,375 2014 Number of Loans Pre-Modification Outstanding Recorded Balance Outstanding Recorded Balance Real estate - residential mortgage: One to four family units 1 $ 287,500 $ 287,500 Multi-family - - - Real estate - construction - - - Real estate - commercial - - - Commercial loans 2 831,026 831,026 Consumer and other loans - - - Total 3 $ 1,118,526 $ 1,118,526
Financing Receivable Credit Quality Indicators [Table Text Block]	As of December 31, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Total (In Thousands) Rating: Pass $ 37,383 $ 198,230 $ 91,267 $ 41,604 $ 73,407 $ 21,775 $ 463,666 Special Mention - 3,657 3,319 - 2,267 - 9,243 Substandard 8,080 6,937 3,671 - 4,730 217 23,635 Doubtful - - - - 603 - 603 Total $ 45,463 $ 208,824 $ 98,257 $ 41,604 $ 81,007 $ 21,992 $ 497,147 As of 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
Modification Type [Member]
Note 3 - Loans and Allowance for Loan Losses (Tables) [Line Items]
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	2015 Interest Rate Term Combination Total Modification Real estate - residential mortgage: One to four family units $ - $ - $ 1,345,358 $ 1,345,358 Multi-family - - - - Real estate - construction - - 5,655,969 5,655,969 Real estate - commercial - - 161,491 161,491 Commercial loans - 310,500 461,057 771,557 Consumer and other loans - - - - Total $ - $ 310,500 $ 7,623,875 $ 7,934,375 2014 Interest Rate Term Combination Total Modification Real estate - residential mortgage: One to four family units $ - $ - $ 287,500 $ 287,500 Multi-family - - - - Real estate - construction - - - - Real estate - commercial - - - - Commercial loans - - 831,026 831,026 Consumer and other loans - - - - Total $ - $ - $ 1,118,526 $ 1,118,526

Note 4 - Premises and Equipme34

Note 4 - Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	December 31, December 31, 2015 2014 Land $ 2,250,789 $ 2,250,789 Buildings and improvements 11,791,945 11,805,406 Automobile 25,115 25,115 Furniture, fixtures and equipment 10,746,555 9,876,988 Leasehold improvements 271,799 271,799 25,086,203 24,230,097 Less accumulated depreciation (14,545,775 ) (13,627,334 ) Net premises and equipment $ 10,540,428 $ 10,602,763

Note 7 - Deposits (Tables)

Note 7 - Deposits (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure Text Block [Abstract]
Schedule of Deposits [Table Text Block]	December 31, 2015 December 31, 2014 Weighted Average Rate Balance Percentage of Deposits Weighted Average Rate Balance Percentage of Deposits Demand 0.00 % $ 67,897,263 13.1 % 0.00 % $ 51,707,667 10.8 % NOW 0.31 % 137,472,955 26.6 % 0.34 % 111,561,440 23.3 % Money market 0.42 % 170,602,458 33.0 % 0.43 % 171,948,057 35.8 % Savings 0.20 % 25,864,718 5.0 % 0.20 % 23,619,332 4.9 % 0.30 % 401,837,394 77.7 % 0.32 % 358,836,496 74.8 % Certificates: 0% - 1.99% 0.90 % 114,204,316 22.0 % 0.84 % 117,499,869 24.5 % 2.00% - 3.99% 2.17 % 1,343,985 0.3 % 2.27 % 3,481,917 0.7 % 0.91 % 115,548,301 22.3 % 0.88 % 120,981,786 25.2 % Total Deposits 0.44 % $ 517,385,695 100.0 % 0.47 % $ 479,818,282 100.0 %
Summary of Certificates of Deposits by Maturity [Table Text Block]	2016 $ 53,074,067 2017 38,417,990 2018 10,457,935 2019 7,145,767 2020 4,318,298 Thereafter 2,134,244 $ 115,548,301
Summary of Interest Expense on Deposits [Table Text Block]	Years ended December 31, 2015 2014 2013 NOW and Money Market accounts $ 1,276,808 $ 1,242,158 $ 1,521,465 Savings accounts 49,467 49,071 53,647 Certificate accounts 1,102,928 1,050,081 1,295,864 Early withdrawal penalties (5,332 ) (12,220 ) (11,378 ) $ 2,423,871 $ 2,329,090 $ 2,859,598

Note 8 - Borrowings (Tables)

Note 8 - Borrowings (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block]	December 31, 2015 December 31, 2014 Maturity Date Amount Weighted Average Rate Amount Weighted Average Rate 2015 - 0.00 % 8,250,000 0.41 % 2018 50,000,000 2.14 % 50,000,000 2.14 % 2019 2,100,000 4.87 % 2,100,000 4.87 % $ 52,100,000 2.25 % $ 60,350,000 2.00 %

Note 10 - Income Taxes (Tables)

Note 10 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Years Ended December 31, 2015 2014 2013 Taxes currently payable $ 2,140,591 $ 1,445,947 $ 1,532,515 Deferred income taxes 320,738 666,561 983,526 $ 2,461,329 $ 2,112,508 $ 2,516,041
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, December 31, 2015 2014 Deferred tax assets: Allowances for loan losses $ 1,976,060 $ 2,240,123 Writedowns on foreclosed assets held for sale 773,652 781,870 Deferred loan fees/costs 123,390 96,877 Unrealized depreciation on available-for-sale securities 401,688 263,358 Other 446,122 421,873 3,720,912 3,804,101 Deferred tax liabilities: FHLB stock dividends (51,713 ) (52,455 ) Accumulated depreciation (368,245 ) (268,503 ) Other (70,849 ) (70,630 ) (490,807 ) (391,588 ) Net deferred tax asset $ 3,230,105 $ 3,412,513
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years ended December 31, 2015 2014 2013 Computed at statutory rate 34.0 % 34.0 % 34.0 % Increase (reduction) in taxes resulting from: State financial institution tax and credits (4.8% ) (4.8% ) (4.8% ) Cash surrender value of life insurance (1.5% ) (1.6% ) (2.0% ) Other 2.4 % (0.8% ) 5.2 % Actual effective rate 30.1 % 26.8 % 32.4 %

Note 11 - Disclosures about F38

Note 11 - Disclosures about Fair Value of Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	As of December 31, 2015 Financial assets: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Equity securities: Other $ 99 $ - $ - $ 99 Debt securities: U.S. government agencies - 8,397 - 8,397 Municipals - 31,349 - 31,349 Corporates - 3,814 - 3,814 Government sponsored mortgage-backed securities and SBA loan pools - 53,633 - 53,633 Available-for-sale securities $ 99 $ 97,193 $ - $ 97,292 As of December 31, 2014 Financial assets: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Equity securities: Other $ 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]	Impaired loans: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value December 31, 2015 $ - $ - $ 12,923 $ 12,923 December 31, 2014 $ - $ - $ 4,076 $ 4,076 Foreclosed assets held for sale: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value December 31, 2015 $ - $ - $ - $ - December 31, 2014 $ - $ - $ 354 $ 354
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	Fair Value December 31, 2015 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans (collateral dependent) $ 5,000 Market Comparable Discount to reflect realizable value 0% - 23% (4%) Impaired loans $ 7,923 Discounted Cash flow Discount rate 0% - 51% (4%) Foreclosed assets held for sale $ - Market Comparable Discount to reflect realizable value 0%
Fair Value, by Balance Sheet Grouping [Table Text Block]	December 31, 2015 December 31, 2014 Carrying Amount Fair Value Hierarchy Level Carrying Amount Fair Value Hierarchy Level Financial assets: Cash and cash equivalents $ 18,774,419 $ 18,774,419 1 $ 12,493,890 $ 12,493,890 1 Held-to-maturity securities 43,099 43,935 2 60,993 62,619 2 Federal Home Loan Bank stock 2,837,500 2,837,500 2 3,156,900 3,156,900 2 Mortgage loans held for sale 1,902,933 1,902,933 2 1,214,632 1,214,632 2 Loans, net 491,001,907 495,207,798 3 486,586,636 487,244,753 3 Interest receivable 1,986,692 1,986,692 2 2,030,058 2,030,058 2 Financial liabilities: Deposits 517,385,695 511,225,380 2 479,818,282 476,519,750 2 FHLB and Federal Reserve advances 52,100,000 53,227,960 2 60,350,000 61,615,252 2 Securities sold under agreements to repurchase - - 2 10,000,000 10,371,866 2 Subordinated debentures 15,465,000 15,465,000 3 15,465,000 15,465,000 3 Interest payable 196,102 196,102 2 242,145 242,145 2 Unrecognized financial instruments (net of contractual value): Commitments to extend credit - - - - - - Unused lines of credit - - - - - -

Note 13 - Employee Benefit Pl39

Note 13 - Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 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, 2013 174,500 167,000 $ 16.38 Granted - - - Exercised (1,800 ) - 5.23 Forfeited (4,600 ) (46,000 ) 15.86 Balance outstanding as of December 31, 2013 168,100 121,000 16.54 Granted - - - Exercised (25,100 ) (14,500 ) 5.33 Forfeited (2,700 ) (24,000 ) 19.03 Balance outstanding as of December 31, 2014 140,300 82,500 18.23 Granted - - - Exercised (10,800 ) (25,000 ) 5.22 Forfeited (38,000 ) - 25.19 Balance outstanding as of December 31, 2015 91,500 57,500 $ 19.58 Options exercisable as of December 31, 2015 91,500 57,500 $ 19.58
Nonvested Restricted Stock Shares Activity [Table Text Block]	Number of shares Weighted Average Grant- Date Fair Value Balance of shares non-vested as of January 1, 2013 27,313 $ 7.30 Granted 17,326 7.17 Vested (16,576 ) 7.00 Forfeited (434 ) 7.25 Balance of shares non-vested as of December 31, 2013 27,629 7.39 Granted 34,562 10.99 Vested (31,688 ) 8.55 Forfeited - - Balance of shares non-vested as of December 31, 2014 30,503 10.26 Granted 28,951 14.78 Vested (15,083 ) 11.64 Forfeited (894 ) 12.26 Balance of shares non-vested as of December 31, 2015 43,477 $ 12.75

Note 17 - Other Expenses (Table

Note 17 - Other Expenses (Tables)	12 Months Ended
	Dec. 31, 2015
Other Income and Expenses [Abstract]
Schedule of Other Operating Cost and Expense, by Component [Table Text Block]	December 31, December 31, December 31, 2015 2014 2013 Directors compensation $ 216,770 $ 215,465 $ 243,410 Outside services 75,000 96,660 111,332 Legal expense 275,657 246,545 431,519 Deposit expense 77,862 67,710 84,942 Office supplies 74,798 77,909 74,516 Telephone 141,674 118,268 116,661 Postage 155,901 149,379 153,753 Insurance 113,341 106,139 87,758 Supervisory exam 51,433 57,359 55,234 Accounting 171,759 217,280 223,517 Organization dues 137,723 146,845 124,454 Loan expense 397,438 269,016 310,853 Contributions 52,500 50,004 40,000 ATM expense 238,744 253,457 228,547 Other operating 666,580 709,983 489,483 $ 2,847,180 $ 2,782,019 $ 2,775,979

Note 18 - Related Party Trans41

Note 18 - Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Schedule of Related Party Transactions [Table Text Block]	Year ended December 31, 2015 2014 2013 Balance, beginning of year $ 4,409,644 $ 6,483,503 $ 6,095,008 New Loans - 394,269 782,681 Repayments (463,023 ) (2,468,128 ) (394,186 ) Balance, end of year $ 3,946,621 $ 4,409,644 $ 6,483,503

Note 20 - Condensed Parent Co42

Note 20 - Condensed Parent Company Statements (Tables)	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Balance Sheet [Table Text Block]	Condensed Balance Sheets December 31, 2015 2014 Assets Cash $ 3,642,158 $ 3,882,370 Available-for-sale securities 99,517 105,024 Investment in subsidiary 77,953,486 71,626,420 Investment in Capital Trust I & II 465,000 465,000 Prepaid expenses and other assets 13,894 15,954 Refundable income taxes 119,379 1,216,032 Deferred income taxes 9,985 7,947 $ 82,303,419 $ 77,318,747 Liabilities Subordinated debentures $ 15,465,000 $ 15,465,000 Accrued expenses and other liabilities 409,054 370,000 Due to subsidiary 6,900 6,900 Stockholders' equity Common stock 685,900 682,320 Additional paid-in capital 50,441,464 50,366,546 Retained earnings 53,258,126 48,549,691 Unrealized loss on available-for-sale securities, net (683,956 ) (448,421 ) Treasury stock (37,279,069 ) (37,673,289 ) $ 82,303,419 $ 77,318,747
Condensed Income Statement [Table Text Block]	Condensed Statements of Income Years ended December 31, 2015 2014 2013 Income Dividends from subsidiary bank $ - $ - $ 4,003,250 Interest income: Other 16,200 16,069 16,152 16,200 16,069 4,019,402 Expense Interest expense: Related party 538,785 533,207 537,178 Other 734,780 765,848 815,865 1,273,565 1,299,055 1,353,043 Income (loss) before income taxes and equity in undistributed income (loss) of subsidiaries (1,257,365 ) (1,282,986 ) 2,666,359 Credit for income taxes (415,000 ) (399,000 ) (412,000 ) Income (loss) before equity in undistributed earnings of subsidiaries (842,365 ) (883,986 ) 3,078,359 Equity in undistributed income of subsidiaries 6,559,132 6,666,682 2,161,348 Net income $ 5,716,767 $ 5,782,696 $ 5,239,707
Condensed Cash Flow Statement [Table Text Block]	Condensed Statements of Cash Flows Years ended December 31, 2015 2014 2013 Cash Flows From Operating Activities Net income $ 5,716,767 $ 5,782,696 $ 5,239,707 Items not requiring (providing) cash: Equity in undistributed income of subsidiaries (6,559,132 ) (6,666,682 ) (2,161,349 ) Deferred income taxes - (17,976 ) - Stock award plan expense 285,589 242,189 254,508 Changes in: Prepaid expenses and other assets 2,060 157,745 (138,119 ) Income taxes payable/refundable 1,096,653 326,287 (390,000 ) Accrued expenses (95,779 ) 55,519 8,723 Net cash provided by (used in) operating activities 446,158 (120,222 ) 2,813,470 Cash Flows From Financing Activities Proceeds from issuance of common stock - 15,814,312 - Stock options exercised 187,129 210,870 9,408 Cash dividends paid on common and preferred stock (873,499 ) (844,786 ) (600,000 ) Treasury stock purchased - - (106,636 ) Repayment of advances from subsidiary - - 27,695 Repurchase of stock warrants - - (2,003,250 ) Redemption of preferred stock - (12,000,000 ) - Net cash provided by (used in) financing activities (686,370 ) 3,180,396 (2,672,783 ) Increase (Decrease) in cash (240,212 ) 3,060,174 140,687 Cash, beginning of year 3,882,370 822,196 681,509 Cash, end of year $ 3,642,158 $ 3,882,370 $ 822,196
Condensed Statement of Comprehensive Income [Table Text Block]	Statements of Comprehensive Income Years ended December 31, 2015 2014 2013 NET INCOME $ 5,716,767 $ 5,782,696 $ 5,239,707 OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS): Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes (5,507 ) 5,718 28,392 Income tax expense related to other items of comprehensive income 2,038 2,117 10,505 Other comprehensive income (loss) (7,545 ) 3,601 17,887 Comprehensive income (loss) of Bank (227,990 ) 2,054,226 (3,324,961 ) TOTAL COMPREHENSIVE INCOME $ 5,481,232 $ 7,840,523 $ 1,932,633

Note 21 - Unaudited Quarterly43

Note 21 - Unaudited Quarterly Operating Results (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information [Table Text Block]	Year Ended December 31, 2015, Quarter ended Mar-15 Jun-15 Sep-15 Dec-15 Interest income $ 6,287,637 $ 6,386,510 $ 6,229,091 $ 6,286,396 Interest expense 1,091,690 1,112,376 1,046,661 1,029,155 Net interest income 5,195,947 5,274,134 5,182,430 5,257,241 Provision for loan losses 150,000 - 200,000 250,000 Gain on loans and investment securities 385,863 857,664 469,767 389,611 Other noninterest income, net 615,846 654,089 693,782 586,089 Noninterest expense 4,129,675 4,551,780 4,105,593 3,997,319 Income before income taxes 1,917,981 2,234,107 2,040,386 1,985,622 Provision for income taxes 588,437 696,158 621,751 554,983 Net income available to common shareholders $ 1,329,544 $ 1,537,949 $ 1,418,635 $ 1,430,639 Basic income per common share $ 0.31 $ 0.35 $ 0.33 $ 0.33 Diluted income per common share $ 0.30 $ 0.35 $ 0.32 $ 0.33 Year Ended December 31, 2014, Quarter ended Mar-14 Jun-14 Sep-14 Dec-14 Interest income $ 6,360,064 $ 6,037,583 $ 6,147,059 $ 6,469,608 Interest expense 1,100,897 1,060,346 1,086,163 1,081,899 Net interest income 5,259,167 4,977,237 5,060,896 5,387,709 Provision for loan losses 200,000 325,000 450,000 300,000 Gain on loans and investment securities 188,666 258,270 248,413 320,417 Other noninterest income, net 629,027 604,225 618,972 550,474 Noninterest expense 4,344,604 3,882,983 3,851,068 3,740,093 Income before income taxes 1,532,256 1,631,749 1,627,213 2,218,507 Provision for income taxes 230,830 293,066 266,730 436,403 Net income 1,301,426 1,338,683 1,360,483 1,782,104 Preferred stock dividends and discount accretion 246,210 111,000 - - Net income available to common shareholders $ 1,055,216 $ 1,227,683 $ 1,360,483 $ 1,782,104 Basic income per common share $ 0.33 $ 0.29 $ 0.32 $ 0.41 Diluted income per common share $ 0.33 $ 0.28 $ 0.31 $ 0.41

Note 1 - Nature of Operations44

Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Cash Reserve Deposit Required and Made (in Dollars)	$ 0	$ 5,271,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	88,500	131,500	154,000

Note 1 - Nature of Operations45

Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details) - Estimated Useful Lives of Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2015
Minimum [Member] | Building and Building Improvements [Member]
Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details) - Estimated Useful Lives of Property, Plant and Equipment [Line Items]
Property, plant, and equipment, useful life	35 years
Minimum [Member] | Furniture and Fixtures and Vehicles [Member]
Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details) - Estimated Useful Lives of Property, Plant and Equipment [Line Items]
Property, plant, and equipment, useful life	3 years
Maximum [Member] | Building and Building Improvements [Member]
Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details) - Estimated Useful Lives of Property, Plant and Equipment [Line Items]
Property, plant, and equipment, useful life	40 years
Maximum [Member] | Furniture and Fixtures and Vehicles [Member]
Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details) - Estimated Useful Lives of Property, Plant and Equipment [Line Items]
Property, plant, and equipment, useful life	10 years

Note 1 - Nature of Operations46

Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details) - Capital Amounts and Ratios - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Bank [Member]
Tier 1 (core) capital, and ratio to adjusted total assets
Tier 1 (core) capital to adjusted assets, actual, amount	$ 78,635	$ 72,076
Tier 1 (core) capital to adjusted assets, actual, ratio	12.20%	11.50%
Tier 1 (core) capital to adjusted assets, for capital adequacy, amount	$ 25,844	$ 24,966
Tier 1 (core) capital to adjusted assets, for capital adequacy, ratio	4.00%	4.00%
Tier 1 (core) capital to adjusted assets, under prompt corrective action, amount	$ 32,305	$ 31,208
Tier 1 (core) capital to adjusted assets, under prompt corrective action, ratio	5.00%	5.00%
Tier 1 (core) capital, and ratio to risk-weighted assets
Tier 1 (core) capital to risk-weighted assets, actual, amount	$ 78,635	$ 72,076
Tier 1 (core) capital to risk-weighted assets, actual, ratio	13.40%	13.80%
Tier 1 (core) capital to risk-weighted assets, for capital adequacy, amount	$ 35,105	$ 20,914
Tier 1 (core) capital to risk-weighted assets, for capital adequacy, ratio	6.00%	4.00%
Tier 1 (core) capital to risk-weighted assets, under prompt corrective action, amount	$ 46,806	$ 31,371
Tier 1 (core) capital to risk-weighted assets, under prompt corrective action, ratio	8.00%	6.00%
Total risk-based capital, and ratio to risk-weighted assets
Total risk-based capital, actual, amount	$ 84,447	$ 78,612
Total risk-based capital, actual, ratio	14.40%	15.00%
Total risk-based capital, for capital adequacy, amount	$ 46,806	$ 41,828
Total risk-based capital, for capital adequacy, ratio	8.00%	8.00%
Total risk-based capital, under prompt corrective action, amount	$ 58,508	$ 52,285
Total risk-based capital, under prompt corrective action, ratio	10.00%	10.00%
Common equity tier 1 capital ratio to risk-weighted assets
Bank	$ 78,635
Bank	13.40%
Bank	$ 26,329
Bank	4.50%
Bank	$ 38,030
Bank	6.50%
Parent Company [Member]
Tier 1 (core) capital, and ratio to adjusted total assets
Tier 1 (core) capital to adjusted assets, actual, amount		$ 76,927
Tier 1 (core) capital to adjusted assets, actual, ratio		12.30%
Tier 1 (core) capital to adjusted assets, for capital adequacy, amount		$ 25,020
Tier 1 (core) capital to adjusted assets, for capital adequacy, ratio		4.00%
Tier 1 (core) capital to adjusted assets, under prompt corrective action, amount
Tier 1 (core) capital to adjusted assets, under prompt corrective action, ratio
Tier 1 (core) capital, and ratio to risk-weighted assets
Tier 1 (core) capital to risk-weighted assets, actual, amount		$ 76,927
Tier 1 (core) capital to risk-weighted assets, actual, ratio		14.70%
Tier 1 (core) capital to risk-weighted assets, for capital adequacy, amount		$ 20,928
Tier 1 (core) capital to risk-weighted assets, for capital adequacy, ratio		4.00%
Tier 1 (core) capital to risk-weighted assets, under prompt corrective action, amount
Tier 1 (core) capital to risk-weighted assets, under prompt corrective action, ratio
Total risk-based capital, and ratio to risk-weighted assets
Total risk-based capital, actual, amount		$ 83,463
Total risk-based capital, actual, ratio		16.00%
Total risk-based capital, for capital adequacy, amount		$ 41,856
Total risk-based capital, for capital adequacy, ratio		8.00%
Total risk-based capital, under prompt corrective action, amount
Total risk-based capital, under prompt corrective action, ratio

Note 1 - Nature of Operations47

Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details) - Earnings per Common Share - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings per Common Share [Abstract]
Net income available to common shareholders (in Dollars)	$ 1,430,639	$ 1,418,635	$ 1,537,949	$ 1,329,544	$ 1,782,104	$ 1,360,483	$ 1,227,683	$ 1,055,216	$ 5,716,767	$ 5,425,486	$ 4,445,187
Weighted average common shares outstanding									4,333,418	4,006,461	2,733,969
Effect of dilutive securities									55,931	68,040	79,646
Weighted average diluted shares outstanding									4,389,349	4,074,501	2,813,615
Basic income per common share (in Dollars per share)	$ 0.33	$ 0.33	$ 0.35	$ 0.31	$ 0.41	$ 0.32	$ 0.29	$ 0.33	$ 1.32	$ 1.35	$ 1.63
Diluted income per common share (in Dollars per share)	$ 0.33	$ 0.32	$ 0.35	$ 0.30	$ 0.41	$ 0.31	$ 0.28	$ 0.33	$ 1.30	$ 1.33	$ 1.58

Note 2 - Securities (Details)

Note 2 - Securities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract]
Available-for-sale Securities Pledged as Collateral, Book Value	$ 52,095,842	$ 52,907,065
Available-for-sale Securities, Gross Realized Gains	205,909	320,888	$ 418,990
Available-for-sale Securities, Gross Realized Losses	18,819	286,725	199,145
Available-for-sale Securities, Gross Realized Gain (Loss), Tax Effect	69,223	12,640	81,343
Other than Temporary Impairment Losses, Investments	0	0	$ 0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 68,123,480	$ 60,733,191
Percentage of Securities in Continuous Unrealized Loss Position to Total Investment Portfolio	70.00%	70.00%

Note 2 - Securities (Details) -

Note 2 - Securities (Details) - Available-for-sale Securities - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Note 2 - Securities (Details) - Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	$ 98,378,132	$ 87,179,764
Available-for-sale securities, gross unrealized (losses)	(1,411,825)	(1,149,624)
Available-for-sale securities, approximate fair value	97,292,487	86,467,985
Available-for-sale securities, gross unrealized gains	326,180	437,845
Equity Securities [Member]
Note 2 - 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)	(12,776)	(13,310)
Available-for-sale securities, approximate fair value	99,517	105,023
Available-for-sale securities, gross unrealized gains	10,081	16,121
US Government Agencies Debt Securities [Member]
Note 2 - Securities (Details) - Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	8,533,885	10,528,055
Available-for-sale securities, gross unrealized (losses)	(137,101)	(271,282)
Available-for-sale securities, approximate fair value	8,396,784	10,256,773
Available-for-sale securities, gross unrealized gains	0	0
US States and Political Subdivisions Debt Securities [Member]
Note 2 - Securities (Details) - Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	31,132,635	15,474,316
Available-for-sale securities, gross unrealized (losses)	(85,808)	(70,173)
Available-for-sale securities, approximate fair value	31,349,162	15,589,890
Available-for-sale securities, gross unrealized gains	302,335	185,747
Corporate Debt Securities [Member]
Note 2 - Securities (Details) - Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	3,965,719
Available-for-sale securities, gross unrealized (losses)	(152,019)
Available-for-sale securities, approximate fair value	3,813,700
Available-for-sale securities, gross unrealized gains	0
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 2 - Securities (Details) - Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	54,643,681	61,075,181
Available-for-sale securities, gross unrealized (losses)	(1,024,121)	(794,859)
Available-for-sale securities, approximate fair value	53,633,324	60,516,299
Available-for-sale securities, gross unrealized gains	$ 13,764	$ 235,977

Note 2 - Securities (Details)50

Note 2 - Securities (Details) - Available-for-sale Securities by Maturity	Dec. 31, 2015USD ($)
Available-for-sale Securities by Maturity [Abstract]
Within 1 year	$ 285,000
Within 1 year	285,359
1-5 years	4,726,452
1-5 years	4,701,831
5-10 years	16,144,447
5-10 years	16,134,279
After ten years	22,476,340
After ten years	22,438,177
Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date	54,643,681
Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date	53,633,324
	98,275,920
	$ 97,192,970

Note 2 - Securities (Details)51

Note 2 - Securities (Details) - Held-to-maturity Securities - Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Debt Securities:
Held-to-maturity securities, amortized cost	$ 43,099	$ 60,993
Held-to-maturity securities, gross unrealized gains	836	1,626
Held-to-maturity securities, approximate fair value	$ 43,935	$ 62,619

Note 2 - Securities (Details)52

Note 2 - Securities (Details) - Held-to-maturity Securities by Maturity	Dec. 31, 2015USD ($)
Held-to-maturity Securities by Maturity [Abstract]
Government sponsored mortgage-backed securities not due on a single maturity date	$ 43,099
Government sponsored mortgage-backed securities not due on a single maturity date	$ 43,935

Note 2 - Securities (Details)53

Note 2 - Securities (Details) - Securities in a Continuous Unrealized Loss Position - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Note 2 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, less than 12 months, fair value	$ 47,314,541	$ 15,380,927
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(727,804)	(77,741)
Securities, continuous unrealized loss position, 12 months or more, fair value	20,808,939	45,352,264
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(684,021)	(1,071,883)
Securities, continuous unrealized loss position, fair value	68,123,480	60,733,191
Securities, continuous unrealized loss position, unrealized losses	(1,411,825)	(1,149,624)
Equity Securities [Member]
Note 2 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, less than 12 months, fair value	0	0
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	0	0
Securities, continuous unrealized loss position, 12 months or more, fair value	35,151	34,618
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(12,776)	(13,310)
Securities, continuous unrealized loss position, fair value	35,151	34,618
Securities, continuous unrealized loss position, unrealized losses	(12,776)	(13,310)
US Government Agencies Debt Securities [Member]
Note 2 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, less than 12 months, fair value	6,399,920	0
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(83,965)	0
Securities, continuous unrealized loss position, 12 months or more, fair value	1,996,864	10,256,773
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(53,136)	(271,282)
Securities, continuous unrealized loss position, fair value	8,396,784	10,256,773
Securities, continuous unrealized loss position, unrealized losses	(137,101)	(271,282)
US States and Political Subdivisions Debt Securities [Member]
Note 2 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, less than 12 months, fair value	6,167,019	2,677,626
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(70,266)	(7,692)
Securities, continuous unrealized loss position, 12 months or more, fair value	715,410	5,859,560
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(15,542)	(62,481)
Securities, continuous unrealized loss position, fair value	6,882,429	8,537,186
Securities, continuous unrealized loss position, unrealized losses	(85,808)	(70,173)
Corporate Debt Securities [Member]
Note 2 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, less than 12 months, fair value	1,675,500
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(79,708)
Securities, continuous unrealized loss position, 12 months or more, fair value	2,138,200
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(72,311)
Securities, continuous unrealized loss position, fair value	3,813,700
Securities, continuous unrealized loss position, unrealized losses	(152,019)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 2 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, less than 12 months, fair value	33,072,102	12,703,301
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(493,865)	(70,049)
Securities, continuous unrealized loss position, 12 months or more, fair value	15,923,314	29,201,313
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(530,256)	(724,810)
Securities, continuous unrealized loss position, fair value	48,995,416	41,904,614
Securities, continuous unrealized loss position, unrealized losses	$ (1,024,121)	$ (794,859)

Note 3 - Loans and Allowance 54

Note 3 - Loans and Allowance for Loan Losses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items]
Impaired Financing Receivable, Interest Income, Accrual Method	$ 4,000	$ 200,000	$ 46,000
Impaired Financing Receivable, Average Recorded Investment	8,110,000	8,665,000	17,244,000
Allowance for Loan and Lease Losses, Write-offs	$ 1,451,000	$ 2,715,000	$ 2,727,000
Weighted Average Interest Rate on Loans Receivable	4.87%	5.09%
Troubled Debt Restructurings [Member]
Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items]
Allowance for Loan and Lease Losses, Period Increase (Decrease)	$ 0	$ 239,724
Allowance for Loan and Lease Losses, Write-offs	1,233,075	303,345
Mortgage Receivable [Member]
Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items]
Servicing Asset at Amortized Cost	64,220	94,214
Commercial Loans [Member]
Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items]
Servicing Asset at Amortized Cost	$ 7,629,058	$ 4,672,175

Note 3 - Loans and Allowance 55

Note 3 - Loans and Allowance for Loan Losses (Details) - Loans by Category - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Real estate - residential mortgage:
Loans receivable	$ 497,147,333	$ 493,437,064
Less:
Allowance for loan losses	(5,811,940)	(6,588,597)	$ (7,802,000)	$ (8,740,000)
Deferred loan fees/costs, net	(333,486)	(261,831)
Net loans	491,001,907	486,586,636
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Real estate - residential mortgage:
Loans receivable	98,257,417	97,900,814
Less:
Allowance for loan losses	(821,000)	(900,000)	(997,000)	(1,316,000)
Residential Portfolio Segment [Member] | Multi-family Units [Member]
Real estate - residential mortgage:
Loans receivable	41,603,670	33,785,959
Less:
Allowance for loan losses	(177,000)	(127,000)	(209,000)	(284,000)
Residential Portfolio Segment [Member] | Construction Loans [Member]
Real estate - residential mortgage:
Loans receivable	45,462,895	36,784,584
Less:
Allowance for loan losses	(1,246,000)	(1,330,000)	(2,387,000)	(2,525,000)
Commercial Real Estate Portfolio Segment [Member]
Real estate - residential mortgage:
Loans receivable	208,824,573	215,605,054
Commercial Portfolio Segment [Member]
Real estate - residential mortgage:
Loans receivable	81,006,897	92,114,216
Less:
Allowance for loan losses	(1,382,000)	(1,954,000)	(1,519,000)	(1,689,000)
Consumer Portfolio Segment [Member] | Other Loans [Member]
Real estate - residential mortgage:
Loans receivable	21,991,881	17,246,437
Less:
Allowance for loan losses	$ (223,000)	$ (185,000)	$ (272,000)	$ (255,000)

Note 3 - Loans and Allowance 56

Note 3 - Loans and Allowance for Loan Losses (Details) - Loans by Aging - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Real estate - residential mortgage:
Loans receivable, past due	$ 2,689,000	$ 1,105,000
Loans receivable, current	494,458,000	492,332,000
Loans receivable	497,147,333	493,437,064
Loans receivable, past due and accruing	0	0
Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	90,000	136,000
Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	176,000	463,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	2,423,000	506,000
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Real estate - residential mortgage:
Loans receivable, past due	273,000	820,000
Loans receivable, current	97,984,000	97,081,000
Loans receivable	98,257,417	97,900,814
Loans receivable, past due and accruing	0	0
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	0	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	168,000	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	105,000	279,000
Residential Portfolio Segment [Member] | Multi-family Units [Member]
Real estate - residential mortgage:
Loans receivable, past due	0	0
Loans receivable, current	41,604,000	33,786,000
Loans receivable	41,603,670	33,785,959
Loans receivable, past due and accruing	0	0
Residential Portfolio Segment [Member] | Multi-family Units [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	0	0
Residential Portfolio Segment [Member] | Multi-family Units [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	0	0
Residential Portfolio Segment [Member] | Multi-family Units [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	0	0
Residential Portfolio Segment [Member] | Construction Loans [Member]
Real estate - residential mortgage:
Loans receivable, past due	0	0
Loans receivable, current	45,463,000	36,785,000
Loans receivable	45,462,895	36,784,584
Loans receivable, past due and accruing	0	0
Residential Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	0	0
Residential Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	0	0
Residential Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	0	0
Commercial Real Estate Portfolio Segment [Member]
Real estate - residential mortgage:
Loans receivable, past due	1,079,000	0
Loans receivable, current	207,745,000	215,605,000
Loans receivable	208,824,573	215,605,054
Loans receivable, past due and accruing	0	0
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	0	0
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	0	0
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	1,079,000	0
Commercial Portfolio Segment [Member]
Real estate - residential mortgage:
Loans receivable, past due	1,327,000	227,000
Loans receivable, current	79,680,000	91,887,000
Loans receivable	81,006,897	92,114,216
Loans receivable, past due and accruing	0	0
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	88,000	0
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	0	0
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	1,239,000	227,000
Consumer Portfolio Segment [Member] | Other Loans [Member]
Real estate - residential mortgage:
Loans receivable, past due	10,000	58,000
Loans receivable, current	21,982,000	17,188,000
Loans receivable	21,991,881	17,246,437
Loans receivable, past due and accruing	0	0
Consumer Portfolio Segment [Member] | Other Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	2,000	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	8,000	35,000
Consumer Portfolio Segment [Member] | Other Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	$ 0	$ 0

Note 3 - Loans and Allowance 57

Note 3 - Loans and Allowance for Loan Losses (Details) - Nonaccruing Loans - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Real estate - residential mortgage:
Nonaccruing loans	$ 13,755,475	$ 5,290,607
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Real estate - residential mortgage:
Nonaccruing loans	2,272,535	911,240
Residential Portfolio Segment [Member] | Multi-family Units [Member]
Real estate - residential mortgage:
Nonaccruing loans	0	0
Residential Portfolio Segment [Member] | Construction Loans [Member]
Real estate - residential mortgage:
Nonaccruing loans	8,079,807	2,892,772
Commercial Real Estate Portfolio Segment [Member]
Real estate - residential mortgage:
Nonaccruing loans	1,240,909	459,823
Commercial Portfolio Segment [Member]
Real estate - residential mortgage:
Nonaccruing loans	2,149,333	1,026,772
Consumer Portfolio Segment [Member] | Other Loans [Member]
Real estate - residential mortgage:
Nonaccruing loans	$ 12,891	$ 0

Note 3 - Loans and Allowance 58

Note 3 - Loans and Allowance for Loan Losses (Details) - Allowance for Loan Losses - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Allowance for loan losses:
Balance, beginning of period				$ 6,588,597				$ 7,802,000	$ 6,588,597	$ 7,802,000	$ 8,740,000
Balance, end of period	$ 5,811,940				$ 6,588,597				5,811,940	6,588,597	7,802,000
Ending balance: individually evaluated for impairment	865,000				785,000				865,000	785,000	1,601,000
Ending balance: collectively evaluated for impairment	4,947,000				5,804,000				4,947,000	5,804,000	6,201,000
Provision charged to expense	250,000	$ 200,000	$ 0	150,000	300,000	$ 450,000	$ 325,000	200,000	600,000	1,275,000	1,550,000
Losses charged off									(1,451,000)	(2,715,000)	(2,727,000)
Recoveries									74,000	227,000	239,000
Loans:
Loans ending balance: individually evaluated for impairment	14,730,000				6,028,000				14,730,000	6,028,000	16,171,000
Loans ending balance: collectively evaluated for impairment	482,417,000				487,409,000				482,417,000	487,409,000	456,186,000
Residential Portfolio Segment [Member] | Construction Loans [Member]
Allowance for loan losses:
Balance, beginning of period				1,330,000				2,387,000	1,330,000	2,387,000	2,525,000
Balance, end of period	1,246,000				1,330,000				1,246,000	1,330,000	2,387,000
Ending balance: individually evaluated for impairment	540,000				376,000				540,000	376,000	890,000
Ending balance: collectively evaluated for impairment	706,000				954,000				706,000	954,000	1,497,000
Provision charged to expense									1,139,000	(651,000)	691,000
Losses charged off									(1,233,000)	(411,000)	(879,000)
Recoveries									10,000	5,000	50,000
Loans:
Loans ending balance: individually evaluated for impairment	8,080,000				2,893,000				8,080,000	2,893,000	4,530,000
Loans ending balance: collectively evaluated for impairment	37,383,000				33,892,000				37,383,000	33,892,000	38,736,000
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Allowance for loan losses:
Balance, beginning of period				900,000				997,000	900,000	997,000	1,316,000
Balance, end of period	821,000				900,000				821,000	900,000	997,000
Ending balance: individually evaluated for impairment	0				36,000				0	36,000	8,000
Ending balance: collectively evaluated for impairment	821,000				864,000				821,000	864,000	989,000
Provision charged to expense									0	21,000	(203,000)
Losses charged off									(99,000)	(127,000)	(139,000)
Recoveries									20,000	9,000	23,000
Loans:
Loans ending balance: individually evaluated for impairment	2,272,000				847,000				2,272,000	847,000	886,000
Loans ending balance: collectively evaluated for impairment	95,985,000				97,054,000				95,985,000	97,054,000	92,912,000
Residential Portfolio Segment [Member] | Multi-family Units [Member]
Allowance for loan losses:
Balance, beginning of period				127,000				209,000	127,000	209,000	284,000
Balance, end of period	177,000				127,000				177,000	127,000	209,000
Ending balance: individually evaluated for impairment	0				0				0	0	0
Ending balance: collectively evaluated for impairment	177,000				127,000				177,000	127,000	209,000
Provision charged to expense									50,000	(82,000)	(75,000)
Losses charged off									0	0	0
Recoveries									0	0	0
Loans:
Loans ending balance: individually evaluated for impairment	0				0				0	0	0
Loans ending balance: collectively evaluated for impairment	41,604,000				33,786,000				41,604,000	33,786,000	46,188,000
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Allowance for loan losses:
Balance, beginning of period				1,992,000				2,059,000	1,992,000	2,059,000	2,517,000
Balance, end of period	1,526,000				1,992,000				1,526,000	1,992,000	2,059,000
Ending balance: individually evaluated for impairment	0				158,000				0	158,000	0
Ending balance: collectively evaluated for impairment	1,526,000				1,834,000				1,526,000	1,834,000	2,059,000
Provision charged to expense									(466,000)	(157,000)	(181,000)
Losses charged off									0	(9,000)	(277,000)
Recoveries									0	99,000	0
Loans:
Loans ending balance: individually evaluated for impairment	1,241,000				460,000				1,241,000	460,000	3,663,000
Loans ending balance: collectively evaluated for impairment	207,583,000				215,145,000				207,583,000	215,145,000	175,417,000
Commercial Portfolio Segment [Member]
Allowance for loan losses:
Balance, beginning of period				1,954,000				1,519,000	1,954,000	1,519,000	1,689,000
Balance, end of period	1,382,000				1,954,000				1,382,000	1,954,000	1,519,000
Ending balance: individually evaluated for impairment	312,000				203,000				312,000	203,000	601,000
Ending balance: collectively evaluated for impairment	1,070,000				1,751,000				1,070,000	1,751,000	918,000
Provision charged to expense									(576,000)	2,388,000	988,000
Losses charged off									0	(2,018,000)	(1,268,000)
Recoveries									4,000	65,000	110,000
Loans:
Loans ending balance: individually evaluated for impairment	2,149,000				1,027,000				2,149,000	1,027,000	6,776,000
Loans ending balance: collectively evaluated for impairment	78,858,000				91,087,000				78,858,000	91,087,000	85,946,000
Consumer Portfolio Segment [Member] | Other Loans [Member]
Allowance for loan losses:
Balance, beginning of period				185,000				272,000	185,000	272,000	255,000
Balance, end of period	223,000				185,000				223,000	185,000	272,000
Ending balance: individually evaluated for impairment	13,000				12,000				13,000	12,000	102,000
Ending balance: collectively evaluated for impairment	210,000				173,000				210,000	173,000	170,000
Provision charged to expense									117,000	14,000	125,000
Losses charged off									(119,000)	(150,000)	(164,000)
Recoveries									40,000	49,000	56,000
Loans:
Loans ending balance: individually evaluated for impairment	988,000				801,000				988,000	801,000	316,000
Loans ending balance: collectively evaluated for impairment	21,004,000				16,445,000				21,004,000	16,445,000	16,987,000
Unallocated [Member]
Allowance for loan losses:
Balance, beginning of period				$ 101,000				$ 359,000	101,000	359,000	154,000
Balance, end of period	437,000				101,000				437,000	101,000	359,000
Ending balance: individually evaluated for impairment	0				0				0	0	0
Ending balance: collectively evaluated for impairment	437,000				101,000				437,000	101,000	359,000
Provision charged to expense									336,000	(258,000)	205,000
Losses charged off									0	0	0
Recoveries									0	0	0
Loans:
Loans ending balance: individually evaluated for impairment	$ 0				0				$ 0	0	0
Loans ending balance: collectively evaluated for impairment					$ 0					$ 0	$ 0

Note 3 - Loans and Allowance 59

Note 3 - Loans and Allowance for Loan Losses (Details) - Impaired Loans - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Loans with a specific valuation allowance
Valuation allowance	$ 865,000	$ 785,000
Total
Loans recorded balance	14,730,000	5,381,000
Loans unpaid principal	17,521,000	6,939,000
Valuation allowance	865,000	785,000
Loans average investment in impaired loans	8,110,000	8,665,000	$ 17,244,000
Loans interest income recognized	4,000	200,000	$ 46,000
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Loans without a specific valuation allowance
Loans without a specific valuation allowance, recorded balance	2,272,000	632,000
Loans without a specific valuation allowance, unpaid principal	2,272,000	632,000
Loans without a specific valuation allowance, average investment in impaired loans	1,270,000	692,000
Loans without a specific valuation allowance, interest income recognized	3,000	2,000
Loans with a specific valuation allowance
Loans with a specific valuation allowance, recorded balance	0	279,000
Loans with a specific valuation allowance, unpaid principal	0	279,000
Valuation allowance	0	36,000
Loans with a specific valuation allowance, average investment in impaired loans	228,000	322,000
Loans with a specific valuation allowance, interest income recognized	0	0
Total
Loans recorded balance	2,272,000	911,000
Loans unpaid principal	2,272,000	911,000
Valuation allowance	0	36,000
Loans average investment in impaired loans	1,498,000	1,014,000
Loans interest income recognized	3,000	2,000
Residential Portfolio Segment [Member] | Multi-family Units [Member]
Loans without a specific valuation allowance
Loans without a specific valuation allowance, recorded balance	0	0
Loans without a specific valuation allowance, unpaid principal	0	0
Loans without a specific valuation allowance, average investment in impaired loans	0	35,000
Loans without a specific valuation allowance, interest income recognized	0	0
Loans with a specific valuation allowance
Loans with a specific valuation allowance, recorded balance	0	0
Loans with a specific valuation allowance, unpaid principal	0	0
Valuation allowance	0	0
Loans with a specific valuation allowance, average investment in impaired loans	0	0
Loans with a specific valuation allowance, interest income recognized	0	0
Total
Loans recorded balance	0	0
Loans unpaid principal	0	0
Valuation allowance	0	0
Loans average investment in impaired loans	0	35,000
Loans interest income recognized	0	0
Residential Portfolio Segment [Member] | Construction Loans [Member]
Loans without a specific valuation allowance
Loans without a specific valuation allowance, recorded balance	5,730,000	74,000
Loans without a specific valuation allowance, unpaid principal	5,730,000	74,000
Loans without a specific valuation allowance, average investment in impaired loans	1,636,000	84,000
Loans without a specific valuation allowance, interest income recognized	0	0
Loans with a specific valuation allowance
Loans with a specific valuation allowance, recorded balance	2,350,000	2,819,000
Loans with a specific valuation allowance, unpaid principal	4,838,000	4,074,000
Valuation allowance	540,000	376,000
Loans with a specific valuation allowance, average investment in impaired loans	3,255,000	3,554,000
Loans with a specific valuation allowance, interest income recognized	0	0
Total
Loans recorded balance	8,080,000	2,893,000
Loans unpaid principal	10,568,000	4,148,000
Valuation allowance	540,000	376,000
Loans average investment in impaired loans	4,891,000	3,638,000
Loans interest income recognized	0	0
Commercial Real Estate Portfolio Segment [Member]
Loans without a specific valuation allowance
Loans without a specific valuation allowance, recorded balance	1,241,000	0
Loans without a specific valuation allowance, unpaid principal	1,241,000	0
Loans without a specific valuation allowance, average investment in impaired loans	234,000	204,000
Loans without a specific valuation allowance, interest income recognized	0	0
Loans with a specific valuation allowance
Loans with a specific valuation allowance, recorded balance	0	460,000
Loans with a specific valuation allowance, unpaid principal	0	460,000
Valuation allowance	0	158,000
Loans with a specific valuation allowance, average investment in impaired loans	0	441,000
Loans with a specific valuation allowance, interest income recognized	0	0
Total
Loans recorded balance	1,241,000	460,000
Loans unpaid principal	1,241,000	460,000
Valuation allowance	0	158,000
Loans average investment in impaired loans	234,000	645,000
Loans interest income recognized	0	0
Commercial Portfolio Segment [Member]
Loans without a specific valuation allowance
Loans without a specific valuation allowance, recorded balance	1,538,000	341,000
Loans without a specific valuation allowance, unpaid principal	1,538,000	341,000
Loans without a specific valuation allowance, average investment in impaired loans	665,000	1,924,000
Loans without a specific valuation allowance, interest income recognized	0	198,000
Loans with a specific valuation allowance
Loans with a specific valuation allowance, recorded balance	611,000	685,000
Loans with a specific valuation allowance, unpaid principal	914,000	988,000
Valuation allowance	312,000	203,000
Loans with a specific valuation allowance, average investment in impaired loans	616,000	1,175,000
Loans with a specific valuation allowance, interest income recognized	0	0
Total
Loans recorded balance	2,149,000	1,026,000
Loans unpaid principal	2,452,000	1,329,000
Valuation allowance	312,000	203,000
Loans average investment in impaired loans	1,281,000	3,099,000
Loans interest income recognized	0	198,000
Consumer Portfolio Segment [Member] | Other Loans [Member]
Loans without a specific valuation allowance
Loans without a specific valuation allowance, recorded balance	904,000	0
Loans without a specific valuation allowance, unpaid principal	904,000	0
Loans without a specific valuation allowance, average investment in impaired loans	88,000	0
Loans without a specific valuation allowance, interest income recognized	1,000	0
Loans with a specific valuation allowance
Loans with a specific valuation allowance, recorded balance	84,000	91,000
Loans with a specific valuation allowance, unpaid principal	84,000	91,000
Valuation allowance	13,000	12,000
Loans with a specific valuation allowance, average investment in impaired loans	118,000	234,000
Loans with a specific valuation allowance, interest income recognized	0	0
Total
Loans recorded balance	988,000	91,000
Loans unpaid principal	988,000	91,000
Valuation allowance	13,000	12,000
Loans average investment in impaired loans	206,000	234,000
Loans interest income recognized	$ 1,000	$ 0

Note 3 - Loans and Allowance 60

Note 3 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructurings	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Financing Receivable, Modifications [Line Items]
Number of loans	16	3
Pre-modification outstanding recorded balance	$ 9,146,742	$ 1,118,526
Post-modification outstanding recorded balance	$ 7,934,375	$ 1,118,526
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	7	1
Pre-modification outstanding recorded balance	$ 1,345,358	$ 287,500
Post-modification outstanding recorded balance	$ 1,345,358	$ 287,500
Residential Portfolio Segment [Member] | Multi-family Units [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	0	0
Pre-modification outstanding recorded balance	$ 0	$ 0
Post-modification outstanding recorded balance	$ 0	$ 0
Residential Portfolio Segment [Member] | Construction Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	5	0
Pre-modification outstanding recorded balance	$ 6,889,044	$ 0
Post-modification outstanding recorded balance	$ 5,655,969	$ 0
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	1	0
Pre-modification outstanding recorded balance	$ 161,491	$ 0
Post-modification outstanding recorded balance	$ 161,491	$ 0
Commercial Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	3	2
Pre-modification outstanding recorded balance	$ 750,849	$ 831,026
Post-modification outstanding recorded balance	$ 771,557	$ 831,026
Consumer Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	0	0
Pre-modification outstanding recorded balance	$ 0	$ 0
Post-modification outstanding recorded balance	$ 0	$ 0

Note 3 - Loans and Allowance 61

Note 3 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructurings by Modification Type - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable, Modifications [Line Items]
Loan modifications	$ 7,934,375	$ 1,118,526
Interest Rate [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	0	0
Term [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	310,500	0
Combination [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	7,623,875	1,118,526
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	1,345,358	287,500
Residential Portfolio Segment [Member] | One-to-four Family Units [Member] | Interest Rate [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	0	0
Residential Portfolio Segment [Member] | One-to-four Family Units [Member] | Term [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	0	0
Residential Portfolio Segment [Member] | One-to-four Family Units [Member] | Combination [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	1,345,358	287,500
Residential Portfolio Segment [Member] | Multi-family Units [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	0	0
Residential Portfolio Segment [Member] | Multi-family Units [Member] | Interest Rate [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	0	0
Residential Portfolio Segment [Member] | Multi-family Units [Member] | Term [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	0	0
Residential Portfolio Segment [Member] | Multi-family Units [Member] | Combination [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	0	0
Residential Portfolio Segment [Member] | Construction Loans [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	5,655,969	0
Residential Portfolio Segment [Member] | Construction Loans [Member] | Interest Rate [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	0	0
Residential Portfolio Segment [Member] | Construction Loans [Member] | Term [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	0	0
Residential Portfolio Segment [Member] | Construction Loans [Member] | Combination [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	5,655,969	0
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	161,491	0
Commercial Real Estate Portfolio Segment [Member] | Interest Rate [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	0	0
Commercial Real Estate Portfolio Segment [Member] | Term [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	0	0
Commercial Real Estate Portfolio Segment [Member] | Combination [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	161,491	0
Commercial Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	771,557	831,026
Commercial Portfolio Segment [Member] | Interest Rate [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	0	0
Commercial Portfolio Segment [Member] | Term [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	310,500	0
Commercial Portfolio Segment [Member] | Combination [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	461,057	831,026
Consumer Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	0	0
Consumer Portfolio Segment [Member] | Other Loans [Member] | Interest Rate [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	0	0
Consumer Portfolio Segment [Member] | Other Loans [Member] | Term [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	0	0
Consumer Portfolio Segment [Member] | Other Loans [Member] | Combination [Member]
Financing Receivable, Modifications [Line Items]
Loan modifications	$ 0	$ 0

Note 3 - Loans and Allowance 62

Note 3 - Loans and Allowance for Loan Losses (Details) - Loan Portfolio by Credit Quality - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Rating:
Loans receivable	$ 497,147,333	$ 493,437,064
Pass [Member]
Rating:
Loans receivable	463,666,000	457,808,000
Special Mention [Member]
Rating:
Loans receivable	9,243,000	24,372,000
Substandard [Member]
Rating:
Loans receivable	23,635,000	10,797,000
Doubtful [Member]
Rating:
Loans receivable	603,000	460,000
Residential Portfolio Segment [Member] | Construction Loans [Member]
Rating:
Loans receivable	45,462,895	36,784,584
Residential Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member]
Rating:
Loans receivable	37,383,000	27,370,000
Residential Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member]
Rating:
Loans receivable	0	6,522,000
Residential Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member]
Rating:
Loans receivable	8,080,000	2,893,000
Residential Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member]
Rating:
Loans receivable	0	0
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Rating:
Loans receivable	98,257,417	97,900,814
Residential Portfolio Segment [Member] | One-to-four Family Units [Member] | Pass [Member]
Rating:
Loans receivable	91,267,000	94,129,000
Residential Portfolio Segment [Member] | One-to-four Family Units [Member] | Special Mention [Member]
Rating:
Loans receivable	3,319,000	2,501,000
Residential Portfolio Segment [Member] | One-to-four Family Units [Member] | Substandard [Member]
Rating:
Loans receivable	3,671,000	1,271,000
Residential Portfolio Segment [Member] | One-to-four Family Units [Member] | Doubtful [Member]
Rating:
Loans receivable	0	0
Residential Portfolio Segment [Member] | Multi-family Units [Member]
Rating:
Loans receivable	41,603,670	33,785,959
Residential Portfolio Segment [Member] | Multi-family Units [Member] | Pass [Member]
Rating:
Loans receivable	41,604,000	33,786,000
Residential Portfolio Segment [Member] | Multi-family Units [Member] | Special Mention [Member]
Rating:
Loans receivable	0	0
Residential Portfolio Segment [Member] | Multi-family Units [Member] | Substandard [Member]
Rating:
Loans receivable	0	0
Residential Portfolio Segment [Member] | Multi-family Units [Member] | Doubtful [Member]
Rating:
Loans receivable	0	0
Commercial Real Estate Portfolio Segment [Member]
Rating:
Loans receivable	208,824,573	215,605,054
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Rating:
Loans receivable	198,230,000	207,311,000
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Rating:
Loans receivable	3,657,000	5,076,000
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Rating:
Loans receivable	6,937,000	2,758,000
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Rating:
Loans receivable	0	460,000
Commercial Portfolio Segment [Member]
Rating:
Loans receivable	81,006,897	92,114,216
Commercial Portfolio Segment [Member] | Pass [Member]
Rating:
Loans receivable	73,407,000	78,197,000
Commercial Portfolio Segment [Member] | Special Mention [Member]
Rating:
Loans receivable	2,267,000	10,273,000
Commercial Portfolio Segment [Member] | Substandard [Member]
Rating:
Loans receivable	4,730,000	3,644,000
Commercial Portfolio Segment [Member] | Doubtful [Member]
Rating:
Loans receivable	603,000	0
Consumer Portfolio Segment [Member] | Other Loans [Member]
Rating:
Loans receivable	21,991,881	17,246,437
Consumer Portfolio Segment [Member] | Other Loans [Member] | Pass [Member]
Rating:
Loans receivable	21,775,000	17,015,000
Consumer Portfolio Segment [Member] | Other Loans [Member] | Special Mention [Member]
Rating:
Loans receivable	0	0
Consumer Portfolio Segment [Member] | Other Loans [Member] | Substandard [Member]
Rating:
Loans receivable	217,000	231,000
Consumer Portfolio Segment [Member] | Other Loans [Member] | Doubtful [Member]
Rating:
Loans receivable	$ 0	$ 0

Note 4 - Premises and Equipme63

Note 4 - Premises and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Abstract]
Depreciation	$ 918,441	$ 755,937	$ 822,316

Note 4 - Premises and Equipme64

Note 4 - Premises and Equipment (Details) - Major Classifications of Premises and Equipment - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Major Classifications of Premises and Equipment [Abstract]
Land	$ 2,250,789	$ 2,250,789
Buildings and improvements	11,791,945	11,805,406
Automobile	25,115	25,115
Furniture, fixtures and equipment	10,746,555	9,876,988
Leasehold improvements	271,799	271,799
	25,086,203	24,230,097
Less accumulated depreciation	(14,545,775)	(13,627,334)
Net premises and equipment	$ 10,540,428	$ 10,602,763

Note 5 - Bank Owned Life Insu65

Note 5 - Bank Owned Life Insurance (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Investments, All Other Investments [Abstract]
Payments to Acquire Life Insurance Policies	$ 4,000,000
Cash Surrender Value of Life Insurance	$ 18,779,915	$ 14,417,220

Note 6 - Investments in Affor66

Note 6 - Investments in Affordable Housing Partnerships (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Investments In Affordable Housing Partnerships [Abstract]
Minimum Compliance Period for Tax Credits	15 years
Equity Method Investments	$ 2,688,704	$ 3,574,183
Effective Income Tax Rate Reconciliation, Tax Credit, Investment, Amount	1,221,394	1,221,394	$ 1,221,394
Amortization	$ 885,478	$ 885,478	$ 885,478

Note 7 - Deposits (Details)

Note 7 - Deposits (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Disclosure Text Block [Abstract]
Time Deposits, $100,000 or More	$ 63,442,000	$ 64,768,000
Interest-bearing Domestic Deposit, Brokered	$ 45,794,000	$ 50,331,000

Note 7 - Deposits (Details) - D

Note 7 - Deposits (Details) - Deposits - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Note 7 - Deposits (Details) - Deposits [Line Items]
Demand	0.00%	0.00%
Demand (in Dollars)	$ 67,897,263	$ 51,707,667
Demand	13.10%	10.80%
NOW	0.31%	0.34%
NOW (in Dollars)	$ 137,472,955	$ 111,561,440
NOW	26.60%	23.30%
Money market	0.42%	0.43%
Money market (in Dollars)	$ 170,602,458	$ 171,948,057
Money market	33.00%	35.80%
Savings	0.20%	0.20%
Savings (in Dollars)	$ 25,864,718	$ 23,619,332
Savings	5.00%	4.90%
Weighted average rate	0.44%	0.47%
Balance (in Dollars)	$ 517,385,695	$ 479,818,282
Percentage of deposits	100.00%	100.00%
Deposits not Including Time Deposits [Member]
Note 7 - Deposits (Details) - Deposits [Line Items]
Weighted average rate	0.30%	0.32%
Balance (in Dollars)	$ 401,837,394	$ 358,836,496
Percentage of deposits	77.70%	74.80%
Certificates of Deposit 0 to 1 Point 99 Percent [Member]
Certificates:
Weighted average rate, time deposits	0.90%	0.84%
Balance, time deposits (in Dollars)	$ 114,204,316	$ 117,499,869
Percentage of deposits, time deposits	22.00%	24.50%
Certificates of Deposit 2 to 3 Point 99 Percent [Member]
Certificates:
Weighted average rate, time deposits	2.17%	2.27%
Balance, time deposits (in Dollars)	$ 1,343,985	$ 3,481,917
Percentage of deposits, time deposits	0.30%	0.70%
Certificates of Deposits [Member]
Certificates:
Weighted average rate, time deposits	0.91%	0.88%
Balance, time deposits (in Dollars)	$ 115,548,301	$ 120,981,786
Percentage of deposits, time deposits	22.30%	25.20%

Note 7 - Deposits (Details) - C

Note 7 - Deposits (Details) - Certificates of Deposit by Maturity	Dec. 31, 2015USD ($)
Certificates of Deposit by Maturity [Abstract]
2,016	$ 53,074,067
2,017	38,417,990
2,018	10,457,935
2,019	7,145,767
2,020	4,318,298
Thereafter	2,134,244
	$ 115,548,301

Note 7 - Deposits (Details) - I

Note 7 - Deposits (Details) - Interest Expense on Deposits - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest Expense on Deposits [Abstract]
NOW and Money Market accounts	$ 1,276,808	$ 1,242,158	$ 1,521,465
Savings accounts	49,467	49,071	53,647
Certificate accounts	1,102,928	1,050,081	1,295,864
Early withdrawal penalties	(5,332)	(12,220)	(11,378)
	$ 2,423,871	$ 2,329,090	$ 2,859,598

Note 8 - Borrowings (Details)

Note 8 - Borrowings (Details) - USD ($)	1 Months Ended			12 Months Ended
	Jun. 30, 2015	May. 31, 2013	Nov. 30, 2011	Dec. 31, 2015	Dec. 31, 2013	Dec. 31, 2014	Jan. 31, 2008
Note 8 - Borrowings (Details) [Line Items]
Federal Home Loan Bank Percentage of Fair Value of Collateral				35.00%
Securities Sold under Agreements to Repurchase						$ 10,000,000
Proceeds from (Payments for) in Securities Sold under Agreements to Repurchase	$ (10,000,000)			$ (10,000,000)	$ (15,000,000)
Repayments of Lines of Credit, Prepayment Penalty, Securities Sold Under Agreements to Repurchase	$ 463,992
Barclays Capital Inc [Member]
Note 8 - Borrowings (Details) [Line Items]
Securities Sold under Agreements to Repurchase							$ 30,000,000
Assets Sold under Agreements to Repurchase, Interest Rate							2.65%
Repayments of Lines of Credit		$ 15,000,000	$ 5,000,000
Mortgage Loans Free of Other Pledges Liens and Encumbrances Member]
Note 8 - Borrowings (Details) [Line Items]
Federal Home Loan Bank Percentage of Fair Value of Collateral				80.00%
Investment Securities Free of Other Pledges Liens and Encumbrances [Member]
Note 8 - Borrowings (Details) [Line Items]
Federal Home Loan Bank Percentage of Fair Value of Collateral				95.00%
Federal Home Loan Bank [Member]
Note 8 - Borrowings (Details) [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity				$ 116,000,000
Federal Reserve Bank Borrowings [Member]
Note 8 - Borrowings (Details) [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity				30,600,000
Long-term Line of Credit				$ 0		$ 0

Note 8 - Borrowings (Details) -

Note 8 - Borrowings (Details) - Federal Home Loan Bank Advances - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Amount (in Dollars)	$ 52,100,000	$ 60,350,000
Weighted average rate	2.25%	2.00%
Federal Home Loan Bank Advances Maturing in 2015 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Amount (in Dollars)		$ 8,250,000
Weighted average rate	0.00%	0.41%
Federal Home Loan Bank Advances Maturing in 2018 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Amount (in Dollars)	$ 50,000,000	$ 50,000,000
Weighted average rate	2.14%	2.14%
Federal Home Loan Bank Advances Maturing in 2019 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Amount (in Dollars)	$ 2,100,000	$ 2,100,000
Weighted average rate	4.87%	4.87%

Note 9 - Subordinated Debentu73

Note 9 - Subordinated Debentures (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2005
Note 9 - Subordinated Debentures (Details) [Line Items]
Subordinated Debt	$ 15,465,000	$ 15,465,000
Guaranty Statutory Trust I [Member]
Note 9 - Subordinated Debentures (Details) [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted			$ 5,000,000
Subordinated Debt			5,155,000
Guaranty Statutory Trust II [Member]
Note 9 - Subordinated Debentures (Details) [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted			10,000,000
Subordinated Debt			$ 10,310,000

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Note 10 - Income Taxes (Details) [Line Items]
Retained Earnings (Accumulated Deficit)	$ 53,258,126	$ 48,549,691
Allocation of Income to Bad Debt Deductions for Tax Purposes Only Member]
Note 10 - Income Taxes (Details) [Line Items]
Retained Earnings (Accumulated Deficit)	5,075,000	5,075,000
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Bad Debt Reserve for Tax Purposes of Qualified Lender	0	0
Unrecognized Tax Benefits	$ 1,878,000	$ 1,878,000

Note 10 - Income Taxes (Detai75

Note 10 - Income Taxes (Details) - The Provision (Credit) for Income Taxes - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
The Provision (Credit) for Income Taxes [Abstract]
Taxes currently payable									$ 2,140,591	$ 1,445,947	$ 1,532,515
Deferred income taxes									320,738	657,573	983,526
	$ 554,983	$ 621,751	$ 696,158	$ 588,437	$ 436,403	$ 266,730	$ 293,066	$ 230,830	$ 2,461,329	$ 2,112,508	$ 2,516,041

Note 10 - Income Taxes (Detai76

Note 10 - Income Taxes (Details) - Deferred Taxes - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Allowances for loan losses	$ 1,976,060	$ 2,240,123
Writedowns on foreclosed assets held for sale	773,652	781,870
Deferred loan fees/costs	123,390	96,877
Unrealized depreciation on available-for-sale securities	401,688	263,358
Other	446,122	421,873
	3,720,912	3,804,101
Deferred tax liabilities:
FHLB stock dividends	(51,713)	(52,455)
Accumulated depreciation	(368,245)	(268,503)
Other	(70,849)	(70,630)
	(490,807)	(391,588)
Net deferred tax asset	$ 3,230,105	$ 3,412,513

Note 10 - Income Taxes (Detai77

Note 10 - Income Taxes (Details) - A Reconciliation of Income Tax Expense	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
A Reconciliation of Income Tax Expense [Abstract]
Computed at statutory rate	34.00%	34.00%	34.00%
Increase (reduction) in taxes resulting from:
State financial institution tax and credits	(4.80%)	(4.80%)	(4.80%)
Cash surrender value of life insurance	(1.50%)	(1.60%)	(2.00%)
Other	2.40%	(0.80%)	5.20%
Actual effective rate	30.10%	26.80%	32.40%

Note 11 - Disclosures about F78

Note 11 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Note 11 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	$ 97,292,487	$ 86,467,985
Equity Securities [Member]
Note 11 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	99,517	105,023
US Government Agencies Debt Securities [Member]
Note 11 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	8,396,784	10,256,773
US States and Political Subdivisions Debt Securities [Member]
Note 11 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	31,349,162	15,589,890
Domestic Corporate Debt Securities [Member]
Note 11 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	3,814,000
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 11 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	53,633,324	60,516,299
Fair Value, Inputs, Level 1 [Member]
Note 11 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	99,000	105,000
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]
Note 11 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	99,000	105,000
Fair Value, Inputs, Level 2 [Member]
Note 11 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	97,193,000	86,363,000
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member]
Note 11 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	8,397,000	10,257,000
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member]
Note 11 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	31,349,000	15,590,000
Fair Value, Inputs, Level 2 [Member] | Domestic Corporate Debt Securities [Member]
Note 11 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	3,814,000
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 11 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	$ 53,633,000	$ 60,516,000

Note 11 - Disclosures about F79

Note 11 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Non-recurring Basis - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Impaired Loans [Member]
Note 11 - 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	$ 12,923	$ 4,076
Foreclosed Assets Held-for-sale [Member]
Note 11 - 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		354
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Note 11 - 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	$ 12,923	4,076
Fair Value, Inputs, Level 3 [Member] | Foreclosed Assets Held-for-sale [Member]
Note 11 - 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		$ 354

Note 11 - Disclosures about F80

Note 11 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value Quantitative Information - Fair Value, Inputs, Level 3 [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets, fair value (in Dollars)	$ 5,000
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
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%
Weighted average	(0.00%)
Minimum [Member] | Income Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	0.00%
Weighted average	(0.00%)
Maximum [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	23.00%
Weighted average	(23.00%)
Maximum [Member] | Market Approach Valuation Technique [Member] | Foreclosed Assets Held-for-sale [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	0.00%
Weighted average	(0.00%)
Maximum [Member] | Income Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	51.00%
Weighted average	(51.00%)
Weighted Average [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	4.00%
Weighted average	(4.00%)
Weighted Average [Member] | Income Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	4.00%
Weighted average	(4.00%)

Note 11 - Disclosures about F81

Note 11 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Financial Instruments - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Financial assets:
Cash and cash equivalents	$ 18,774,419	$ 12,493,890	$ 12,303,200	$ 41,663,405
Held-to-maturity securities	43,099	60,993
Federal Home Loan Bank stock	2,837,500	3,156,900
Mortgage loans held for sale	1,902,933	1,214,632
Loans, net	491,001,907	486,586,636
Financial liabilities:
Deposits	517,385,695	479,818,282
Securities sold under agreements to repurchase		10,000,000
Subordinated debentures	15,465,000	15,465,000
Interest payable	196,102	242,145
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	18,774,419	12,493,890
Cash and cash equivalents	18,774,419	12,493,890
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Held-to-maturity securities	43,099	60,993
Held-to-maturity securities	43,935	62,619
Federal Home Loan Bank stock	2,837,500	3,156,900
Federal Home Loan Bank stock	2,837,500	3,156,900
Mortgage loans held for sale	1,902,933	1,214,632
Mortgage loans held for sale	1,902,933	1,214,632
Interest receivable	1,986,692	2,030,058
Interest receivable	1,986,692	2,030,058
Financial liabilities:
Deposits	517,385,695	479,818,282
Deposits	511,225,380	476,519,750
FHLB and Federal Reserve advances	52,100,000	60,350,000
FHLB and Federal Reserve advances	53,227,960	61,615,252
Securities sold under agreements to repurchase		10,000,000
Securities sold under agreements to repurchase		10,371,866
Interest payable	196,102	242,145
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Loans, net	491,001,907	486,586,636
Loans, net	495,207,798	487,244,753
Financial liabilities:
Subordinated debentures	15,465,000	15,465,000
Subordinated debentures	$ 15,465,000	$ 15,465,000

Note 13 - Employee Benefit Pl82

Note 13 - Employee Benefit Plans (Details) - USD ($)	1 Months Ended				12 Months Ended
	Jun. 30, 2015	Feb. 28, 2015	Feb. 28, 2014	Jan. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	May. 27, 2015	May. 26, 2010
Note 13 - Employee Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term					10 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage					20.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					5 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number (in Shares)					149,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term					2 years 98 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value					$ 565,025	$ 727,827
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value					565,025	651,781
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value					143,350	361,517
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)				$ 7
Allocated Share-based Compensation Expense					297,295	254,340	$ 254,508
Director [Member]
Note 13 - Employee Benefit Plans (Details) [Line Items]
Restricted Stock or Unit Expense					$ 122,476	$ 122,538	$ 116,032
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures (in Shares)		8,281	11,242	16,576
2015 Equity Plan [Member]
Note 13 - Employee Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)									250,000
2010 Equity Plan [Member]
Note 13 - Employee Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)										200,000
Restricted Stock [Member]
Note 13 - Employee Benefit Plans (Details) [Line Items]
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	$ 10.99	$ 7.17
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)					28,951	34,562	17,326
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized					$ 310,639
Restricted Stock [Member] | Director [Member]
Note 13 - Employee Benefit Plans (Details) [Line Items]
Restricted Stock or Unit Expense					2,434
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
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)	966
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Cliff Vesting Period	3 years
Restricted Stock [Member] | Officer [Member]
Note 13 - Employee Benefit Plans (Details) [Line Items]
Restricted Stock or Unit Expense					$ 176,644	$ 102,099	$ 89,357
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)					19,704	23,320		27,313
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Cliff Vesting Period					3 years	3 years		2 years
Restricted Stock [Member] | Chief Executive Officer [Member]
Note 13 - Employee Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Cliff Vesting Period								3 years
Restricted Stock [Member] | 2015 Equity Plan [Member]
Note 13 - Employee Benefit Plans (Details) [Line Items]
Share Based Compensation Arrangement by Share Based Payment Award Equity Instruments Other Than Options Aggregate Grants (in Shares)					2,966
Restricted Stock [Member] | 2010 Equity Plan [Member]
Note 13 - Employee Benefit Plans (Details) [Line Items]
Share Based Compensation Arrangement by Share Based Payment Award Equity Instruments Other Than Options Aggregate Grants (in Shares)					139,330
Employee Stock Option [Member] | 2010 Equity Plan [Member]
Note 13 - Employee Benefit Plans (Details) [Line Items]
Share Based Compensation Arrangement by Share Based Payment Award Options Aggregate Grants (in Shares)					25,000

Note 13 - Employee Benefit Pl83

Note 13 - Employee Benefit Plans (Details) - Stock Option Activity - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Note 13 - Employee Benefit Plans (Details) - Stock Option Activity [Line Items]
Balance outstanding as of January 1, 2013 (in Dollars per share)	$ 18.23	$ 16.54	$ 16.38
Balance	149,000
Balance weighted average exercise price (in Dollars per share)	$ 19.58	18.23	16.54
Options exercisable as of December 31, 2015 (in Dollars per share)	19.58
Granted weighted average exercise price (in Dollars per share)	0	0	0
Exercised weighted average exercise price (in Dollars per share)	5.22	5.33	5.23
Forfeited weighted average exercise price (in Dollars per share)	$ 25.19	$ 19.03	$ 15.86
Incentive Stock Options [Member]
Note 13 - Employee Benefit Plans (Details) - Stock Option Activity [Line Items]
Balance outstanding as of January 1, 2013	140,300	168,100	174,500
Balance	91,500	140,300	168,100
Options exercisable as of December 31, 2015	91,500
Granted	0	0	0
Exercised	(10,800)	(25,100)	(1,800)
Forfeited	(38,000)	(2,700)	(4,600)
Non-Incentive Stock Options [Member]
Note 13 - Employee Benefit Plans (Details) - Stock Option Activity [Line Items]
Balance outstanding as of January 1, 2013	82,500	121,000	167,000
Balance	57,500	82,500	121,000
Options exercisable as of December 31, 2015	57,500
Granted	0	0	0
Exercised	(25,000)	(14,500)	0
Forfeited	0	(24,000)	(46,000)

Note 13 - Employee Benefit Pl84

Note 13 - Employee Benefit Plans (Details) - Restricted Stock - $ / shares	1 Months Ended	12 Months Ended
	Jan. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Note 13 - Employee Benefit Plans (Details) - Restricted Stock [Line Items]
Granted weighted average grant-date price	$ 7
Restricted Stock [Member]
Note 13 - Employee Benefit Plans (Details) - Restricted Stock [Line Items]
Balance of shares non-vested as of January 1, 2013	27,313	30,503	27,629	27,313
Balance of shares non-vested as of January 1, 2013	$ 7.30	$ 10.26	$ 7.39	$ 7.30
Balance		43,477	30,503	27,629
Balance weighted average grant-date price		$ 12.75	$ 10.26	$ 7.39
Granted		28,951	34,562	17,326
Granted weighted average grant-date price		$ 14.78	$ 10.99	$ 7.17
Vested		(15,083)	(31,688)	(16,576)
Vested weighted average grant-date price		$ 11.64	$ 8.55	$ 7
Forfeited		(894)	0	(434)
Forfeited weighted average grant-date price		$ 12.26	$ 0	$ 7.25

Note 14 - New Accounting Pron85

Note 14 - New Accounting Pronouncements (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Provision for Income Taxes [Member]
Note 14 - New Accounting Pronouncements (Details) [Line Items]
Amortization Method Qualified Affordable Housing Project Investments, Amortization	$ 885,480	$ 885,480

Note 15 - Preferred Stock and86

Note 15 - Preferred Stock and Common Stock Warrant (Details) - USD ($)	Apr. 03, 2014	Jun. 13, 2012	Jan. 30, 2009	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	May. 08, 2013
Note 15 - Preferred Stock and Common Stock Warrant (Details) [Line Items]
Stock Issued During Period, Shares, New Issues (in Shares)				0.05	0.05
Class of Warrant or Rights Term			10 years
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)			459,459
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)			$ 5.55
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants			$ 17,000,000
Preferred Stock, Liquidation Preference Per Share (in Dollars per share)			$ 1,000
Warrants and Rights Outstanding							$ 2,003,250
Stock Redeemed or Called During Period, Value				$ 12,000,000
Series A Preferred Stock [Member]
Note 15 - Preferred Stock and Common Stock Warrant (Details) [Line Items]
Stock Issued During Period, Shares, New Issues (in Shares)			17,000
Stock Redeemed or Called During Period, Shares (in Shares)		5,000
Preferred Stock, Redemption Amount		$ 5,000,000
Preferred Stock, Amount of Preferred Dividends in Arrears		$ 19,444
Preferred Stock, Shares Outstanding (in Shares)		12,000		0		0
Stock Redeemed or Called During Period, Value	$ 12,000,000
Preferred Stock, Dividends Per Share, Declared (in Dollars per share)	$ 19.50
First Five Years [Member]
Note 15 - Preferred Stock and Common Stock Warrant (Details) [Line Items]
Preferred Stock, Dividend Rate, Percentage			5.00%
After Five Years [Member]
Note 15 - Preferred Stock and Common Stock Warrant (Details) [Line Items]
Preferred Stock, Dividend Rate, Percentage			9.00%

Note 16 - Common Stock Offeri87

Note 16 - Common Stock Offering (Details) - USD ($)	Mar. 07, 2014	Jan. 30, 2009	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015
Note 16 - Common Stock Offering (Details) [Line Items]
Proceeds from Issuance of Common Stock (in Dollars)	$ 15,800,000		$ 15,814,312
Stock Issued During Period, Shares, New Issues			0.05	0.05
Treasury Stock, Shares			2,492,552		2,466,462
Underwritten Offering [Member]
Note 16 - Common Stock Offering (Details) [Line Items]
Proceeds from Issuance of Common Stock (in Dollars)	$ 17,200,000
Common Stock [Member] | Underwritten Offering [Member]
Note 16 - Common Stock Offering (Details) [Line Items]
Stock Issued During Period, Shares, New Issues	1,499,999
Common Stock [Member] | Over-Allotment Option [Member]
Note 16 - Common Stock Offering (Details) [Line Items]
Stock Issued During Period, Shares, New Issues	195,652
Share Price (in Dollars per share)	$ 11.50
Series A Preferred Stock [Member]
Note 16 - Common Stock Offering (Details) [Line Items]
Stock Issued During Period, Shares, New Issues		17,000
Treasury Stock, Shares	12,000

Note 17 - Other Expenses (Detai

Note 17 - Other Expenses (Details) - Other Expenses - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other Expenses [Abstract]
Directors compensation	$ 216,770	$ 215,465	$ 243,410
Outside services	75,000	96,660	111,332
Legal expense	275,657	246,545	431,519
Deposit expense	77,862	67,710	84,942
Office supplies	74,798	77,909	74,516
Telephone	141,674	118,268	116,661
Postage	155,901	149,379	153,753
Insurance	113,341	106,139	87,758
Supervisory exam	51,433	57,359	55,234
Accounting	171,759	217,280	223,517
Organization dues	137,723	146,845	124,454
Loan expense	397,438	269,016	310,853
Contributions	52,500	50,004	40,000
ATM expense	238,744	253,457	228,547
Other operating	666,580	709,983	489,483
	$ 2,847,180	$ 2,782,019	$ 2,775,979

Note 18 - Related Party Trans89

Note 18 - Related Party Transactions (Details) - Loans to Executive Officers and Directors - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Loans to Executive Officers and Directors [Abstract]
Balance, beginning of year	$ 4,409,644	$ 6,483,503	$ 6,095,008
New Loans	0	394,269	782,681
Repayments	(463,023)	(2,468,128)	(394,186)
Balance, end of year	$ 3,946,621	$ 4,409,644	$ 6,483,503

Note 19 - Commitments and Cre90

Note 19 - Commitments and Credit Risk (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Note 19 - Commitments and Credit Risk (Details) [Line Items]
Letters of Credit Outstanding, Amount	$ 12,135,000	$ 15,965,000
Commercial Loans [Member] | Unused lines of Credit [Member]
Note 19 - Commitments and Credit Risk (Details) [Line Items]
Other Commitment	68,066,000	47,599,000
Open End Consumer Lines [Member] | Unused lines of Credit [Member]
Note 19 - Commitments and Credit Risk (Details) [Line Items]
Other Commitment	14,461,000	13,859,000
Commitments to Originate Fixed Rate Mortgages [Member]
Note 19 - Commitments and Credit Risk (Details) [Line Items]
Other Commitment	$ 4,218,000	2,483,000
Commitment, Mortgage Loan Origination, Disbursed Period	30 days
Confirming Letters of Credit From FHLB [Member]
Note 19 - Commitments and Credit Risk (Details) [Line Items]
Letters of Credit Outstanding, Amount	$ 20,028,000	$ 23,884,000
Minimum [Member] | Standby Letters of Credit [Member]
Note 19 - Commitments and Credit Risk (Details) [Line Items]
Debt Instrument, Term	1 year
Maximum [Member] | Standby Letters of Credit [Member]
Note 19 - Commitments and Credit Risk (Details) [Line Items]
Debt Instrument, Term	5 years

Note 20 - Condensed Parent Co91

Note 20 - Condensed Parent Company Statements (Details) - Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Assets
Cash	$ 18,774,419	$ 12,493,890	$ 12,303,200	$ 41,663,405
Available-for-sale securities	97,292,487	86,467,985
Deferred income taxes	3,230,105	3,412,513
	652,835,072	628,459,644
Liabilities
Subordinated debentures	15,465,000	15,465,000
Stockholders' equity
Common stock	685,900	682,320
Additional paid-in capital	50,441,464	50,366,546
Retained earnings	53,258,126	48,549,691
Unrealized loss on available-for-sale securities, net	(683,956)	(448,421)
Treasury stock	(37,279,069)	(37,673,289)
	652,835,072	628,459,644
Parent Company [Member]
Assets
Cash	3,642,158	3,882,370
Available-for-sale securities	99,517	105,024
Investment in subsidiary	77,953,486	71,626,420
Investment in Capital Trust I & II	465,000	465,000
Prepaid expenses and other assets	13,894	15,954
Refundable income taxes	119,379	1,216,032
Deferred income taxes	9,985	7,947
	82,303,419	77,318,747
Liabilities
Subordinated debentures	15,465,000	15,465,000
Accrued expenses and other liabilities	409,054	370,000
Due to subsidiary	6,900	6,900
Stockholders' equity
Common stock	685,900	682,320
Additional paid-in capital	50,441,464	50,366,546
Retained earnings	53,258,126	48,549,691
Unrealized loss on available-for-sale securities, net	(683,956)	(448,421)
Treasury stock	(37,279,069)	(37,673,289)
	$ 82,303,419	$ 77,318,747

Note 20 - Condensed Parent Co92

Note 20 - Condensed Parent Company Statements (Details) - Statements of Income - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest expense:
Other									$ 2,847,180	$ 2,782,019	$ 2,775,979
Income (loss) before income taxes and equity in undistributed income (loss) of subsidiaries	$ 1,985,622	$ 2,040,386	$ 2,234,107	$ 1,917,981	$ 2,218,507	$ 1,627,213	$ 1,631,749	$ 1,532,256	8,178,096	7,895,204	7,755,748
Credit for income taxes	$ 554,983	$ 621,751	$ 696,158	$ 588,437	436,403	266,730	293,066	230,830	2,461,329	2,112,508	2,516,041
Net income					$ 1,782,104	$ 1,360,483	$ 1,338,683	$ 1,301,426	5,716,767	5,782,696	5,239,707
Parent Company [Member]
Income
Dividends from subsidiary bank									0	0	4,003,250
Interest income:
Other									16,200	16,069	16,152
									16,200	16,069	4,019,402
Interest expense:
Related party									538,785	533,207	537,178
Other									734,780	765,848	815,865
									1,273,565	1,299,055	1,353,043
Income (loss) before income taxes and equity in undistributed income (loss) of subsidiaries									(1,257,365)	(1,282,986)	2,666,359
Credit for income taxes									(415,000)	(399,000)	(412,000)
Income (loss) before equity in undistributed earnings of subsidiaries									(842,365)	(883,986)	3,078,359
Equity in undistributed income of subsidiaries									6,559,132	6,666,682	2,161,348
Net income									$ 5,716,767	$ 5,782,696	$ 5,239,707

Note 20 - Condensed Parent Co93

Note 20 - Condensed Parent Company Statements (Details) - Statements of Cash Flows - USD ($)	Mar. 07, 2014	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash Flows From Operating Activities
Net income		$ 1,782,104	$ 1,360,483	$ 1,338,683	$ 1,301,426	$ 5,716,767	$ 5,782,696	$ 5,239,707
Items not requiring (providing) cash:
Stock award plan expense						285,589	242,189	254,508
Changes in:
Prepaid expenses and other assets						1,005,159	1,006,688	691,294
Net cash provided by (used in) operating activities						7,839,094	9,499,989	13,824,057
Cash Flows From Financing Activities
Proceeds from issuance of common stock	$ 15,800,000						15,814,312
Cash dividends paid on common and preferred stock						(873,499)	(844,786)	(600,000)
Treasury stock purchased								(106,636)
Repurchase of stock warrants								(2,003,250)
Net cash provided by (used in) financing activities						18,677,912	674,055	(43,099,453)
Cash, beginning of year						3,604,316
Cash, end of year		3,604,316				3,561,272	3,604,316
Parent Company [Member]
Cash Flows From Operating Activities
Net income						5,716,767	5,782,696	5,239,707
Items not requiring (providing) cash:
Equity in undistributed income of subsidiaries						(6,559,132)	(6,666,682)	(2,161,348)
Deferred income taxes						0	(17,976)	0
Stock award plan expense						285,589	242,189	254,508
Changes in:
Prepaid expenses and other assets						2,060	157,745	(138,119)
Income taxes payable/refundable						1,096,653	326,287	(390,000)
Accrued expenses						(95,779)	55,519	8,723
Net cash provided by (used in) operating activities						446,158	(120,222)	2,813,470
Cash Flows From Financing Activities
Proceeds from issuance of common stock						0	15,814,312	0
Stock options exercised						187,129	210,870	9,408
Cash dividends paid on common and preferred stock						(873,499)	(844,786)	(600,000)
Treasury stock purchased						0	0	(106,636)
Repayment of advances from subsidiary						0	0	27,695
Repurchase of stock warrants						0	0	(2,003,250)
Redemption of preferred stock						0	(12,000,000)	0
Net cash provided by (used in) financing activities						(686,370)	3,180,396	(2,672,783)
Increase (Decrease) in cash						(240,212)	3,060,174	140,687
Cash, beginning of year					$ 822,196	3,882,370	822,196	681,509
Cash, end of year		$ 3,882,370				$ 3,642,158	$ 3,882,370	$ 822,196

Note 20 - Condensed Parent Co94

Note 20 - Condensed Parent Company Statements (Details) - Statements of Comprehensive Income - USD ($)	3 Months Ended				12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Condensed Statement of Income Captions [Line Items]
NET INCOME	$ 1,782,104	$ 1,360,483	$ 1,338,683	$ 1,301,426	$ 5,716,767	$ 5,782,696	$ 5,239,707
OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS):
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes					(186,775)	3,300,555	(5,029,478)
Income tax expense related to other items of comprehensive income					(138,330)	1,208,565	(1,942,249)
Comprehensive income (loss) of Bank					5,481,232	7,840,523	1,932,633
Parent Company [Member]
Condensed Statement of Income Captions [Line Items]
NET INCOME					5,716,767	5,782,696	5,239,707
OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS):
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes					(5,507)	5,718	28,392
Income tax expense related to other items of comprehensive income					2,038	2,117	10,505
Other comprehensive income (loss)					(7,545)	3,601	17,887
Comprehensive income (loss) of Bank					(227,990)	2,054,226	(3,324,961)
TOTAL COMPREHENSIVE INCOME					$ 5,481,232	$ 7,840,523	$ 1,932,633

Note 21 - Unaudited Quarterly95

Note 21 - Unaudited Quarterly Operating Results (Details) - Quarterly Financial Data (Unaudited) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Data (Unaudited) [Abstract]
Interest income	$ 6,286,396	$ 6,229,091	$ 6,386,510	$ 6,287,637	$ 6,469,608	$ 6,147,059	$ 6,037,583	$ 6,360,064	$ 25,189,634	$ 25,014,314	$ 25,855,498
Interest expense	1,029,155	1,046,661	1,112,376	1,091,690	1,081,899	1,086,163	1,060,346	1,100,897	4,279,882	4,329,305	5,097,494
Net interest income	5,257,241	5,182,430	5,274,134	5,195,947	5,387,709	5,060,896	4,977,237	5,259,167	20,909,752	20,685,009	20,758,004
Provision for loan losses	250,000	200,000	0	150,000	300,000	450,000	325,000	200,000	600,000	1,275,000	1,550,000
Gain on loans and investment securities	389,611	469,767	857,664	385,863	320,417	248,413	258,270	188,666
Other noninterest income, net	586,089	693,782	654,089	615,846	550,474	618,972	604,225	629,027
Noninterest expense	3,997,319	4,105,593	4,551,780	4,129,675	3,740,093	3,851,068	3,882,983	4,344,604	16,784,367	14,933,269	16,771,727
Income before income taxes	1,985,622	2,040,386	2,234,107	1,917,981	2,218,507	1,627,213	1,631,749	1,532,256	8,178,096	7,895,204	7,755,748
Provision for income taxes	554,983	621,751	696,158	588,437	436,403	266,730	293,066	230,830	2,461,329	2,112,508	2,516,041
Net income					1,782,104	1,360,483	1,338,683	1,301,426	5,716,767	5,782,696	5,239,707
Preferred stock dividends and discount accretion					0	0	111,000	246,210		357,210	794,520
Net income available to common shareholders	$ 1,430,639	$ 1,418,635	$ 1,537,949	$ 1,329,544	$ 1,782,104	$ 1,360,483	$ 1,227,683	$ 1,055,216	$ 5,716,767	$ 5,425,486	$ 4,445,187
Basic income per common share (in Dollars per share)	$ 0.33	$ 0.33	$ 0.35	$ 0.31	$ 0.41	$ 0.32	$ 0.29	$ 0.33	$ 1.32	$ 1.35	$ 1.63
Diluted income per common share (in Dollars per share)	$ 0.33	$ 0.32	$ 0.35	$ 0.30	$ 0.41	$ 0.31	$ 0.28	$ 0.33	$ 1.30	$ 1.33	$ 1.58