Guaranty Federal Bancshares (GFED) 10-Q 11 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 01, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	GUARANTY FEDERAL BANCSHARES INC
Trading Symbol	gfed
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		4,432,220
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	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 8,405,508	$ 3,561,272
Interest-bearing deposits in other financial institutions	9,216,363	15,213,147
Cash and cash equivalents	17,621,871	18,774,419
Available-for-sale securities	103,724,659	97,292,487
Held-to-maturity securities	38,781	43,099
Stock in Federal Home Loan Bank, at cost	2,867,000	2,837,500
Mortgage loans held for sale	1,517,016	1,902,933
Loans receivable, net of allowance for loan losses of March 31, 2016 - $6,185,231 - December 31, 2015 - $5,811,940	490,064,640	491,001,907
Accrued interest receivable:
Loans	1,357,526	1,515,818
Investments and interest-bearing deposits	412,401	470,874
Prepaid expenses and other assets	3,540,286	3,525,032
Foreclosed assets held for sale	2,351,021	2,391,727
Premises and equipment, net	10,520,477	10,540,428
Bank owned life insurance	18,902,969	18,779,915
Deferred and receivable income taxes	3,154,013	3,758,933
	656,072,660	652,835,072
LIABILITIES
Deposits	519,063,768	517,385,695
Federal Home Loan Bank advances	52,100,000	52,100,000
Subordinated debentures	15,465,000	15,465,000
Advances from borrowers for taxes and insurance	244,960	190,853
Accrued expenses and other liabilities	990,212	1,074,957
Accrued interest payable	190,573	196,102
	$ 588,054,513	$ 586,412,607
COMMITMENTS AND CONTINGENCIES
Capital Stock:
Common stock, $0.10 par value; authorized 10,000,000 shares; issued March 31, 2016 and December 31, 2015 - 6,874,003 and 6,859,003 shares, respectively	$ 687,400	$ 685,900
Additional paid-in capital	50,243,104	50,441,464
Retained earnings, substantially restricted	54,180,138	53,258,126
Accumulated other comprehensive income (loss)
Unrealized loss on available-for-sale securities, net of income taxes	(174,993)	(683,956)
	104,935,649	103,701,534
Treasury stock, at cost; March 31, 2016 and December 31, 2015 - 2,442,533 and 2,466,462 shares, respectively	(36,917,502)	(37,279,069)
	68,018,147	66,422,465
	$ 656,072,660	$ 652,835,072

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Loans receivable, allowance for loan losses (in Dollars)	$ 6,185,231	$ 5,811,940
Common stock, par value (in Dollars per share)	$ 0.10	$ 0.10
Common stock, authorized	10,000,000	10,000,000
Common stock, issued	6,874,003	6,859,003
Treasury stock, shares	2,442,533	2,466,462

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest Income
Loans	$ 5,701,892	$ 5,904,566
Investment securities	457,851	353,050
Other	45,302	30,021
	6,205,045	6,287,637
Interest Expense
Deposits	584,817	594,929
FHLB and Federal Reserve advances	301,164	298,806
Subordinated debentures	139,430	132,861
Other		65,094
	1,025,411	1,091,690
Net Interest Income	5,179,634	5,195,947
Provision for Loan Losses	375,000	150,000
Net Interest Income After
Provision for Loan Losses	4,804,634	5,045,947
Noninterest Income
Service charges	265,969	281,359
Gain on sale of investment securities	51,030	6,797
Gain on sale of loans	419,426	328,113
Net loss on foreclosed assets	(10,708)	(11,099)
Other income	383,105	345,586
	1,108,822	950,756
Noninterest Expense
Salaries and employee benefits	2,550,932	2,453,092
Occupancy	444,701	473,227
FDIC deposit insurance premiums	116,850	106,760
Data processing	215,130	192,481
Advertising	131,250	131,250
Other expense	650,613	721,912
	4,109,476	4,078,722
Income Before Income Taxes	1,803,980	1,917,981
Provision for Income Taxes	527,375	588,437
Net Income Available to Common Shareholders	$ 1,276,605	$ 1,329,544
Basic Income Per Common Share (in Dollars per share)	$ 0.29	$ 0.31
Diluted Income Per Common Share (in Dollars per share)	$ 0.29	$ 0.30

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
NET INCOME	$ 1,276,605	$ 1,329,544
OTHER ITEMS OF COMPREHENSIVE INCOME:
Change in unrealized gain on investment securities available-for-sale, before income taxes	858,906	787,310
Less: Reclassification adjustment for realized gains on investment securities included in net income, before income taxes	(51,030)	(6,797)
Total other items of comprehensive income	807,876	780,513
Income tax expense related to other items of comprehensive income	298,913	288,790
Other comprehensive income	508,963	491,723
TOTAL COMPREHENSIVE INCOME	$ 1,785,568	$ 1,821,267

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - 3 months ended Mar. 31, 2016 - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance, January 1, 2016 at Dec. 31, 2015	$ 685,900	$ 50,441,464	$ (37,279,069)	$ 53,258,126	$ (683,956)	$ 66,422,465
Net income				1,276,605		1,276,605
Change in unrealized gain on available-for-sale securities, net of income taxes					508,963	508,963
Dividends on common stock ($0.08 per share)				(354,593)		(354,593)
Stock award plans		(274,710)	361,567			86,857
Stock options exercised	1,500	76,350				77,850
Balance, March 31, 2016 at Mar. 31, 2016	$ 687,400	$ 50,243,104	$ (36,917,502)	$ 54,180,138	$ (174,993)	$ 68,018,147

Condensed Consolidated Stateme7

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) (Parentheticals)	3 Months Ended
	Mar. 31, 2016$ / shares
Dividends on common stock, per share	$ 0.08

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 1,276,605	$ 1,329,544
Items not requiring (providing) cash:
Deferred income taxes	(98,991)	(76,071)
Depreciation	204,063	218,488
Provision for loan losses	375,000	150,000
Gain on loans and investment securities	(470,456)	(385,863)
Amortization of deferred income, premiums and discounts	36,188	192,568
Stock award plan expense	86,857	151,218
Origination of loans held for sale	(13,234,230)	(13,122,754)
Proceeds from sale of loans held for sale	13,970,021	13,298,746
Increase in cash surrender value of bank owned life insurance	(123,054)	(90,436)
Changes in:
Accrued interest receivable	216,765	201,224
Prepaid expenses and other assets	(15,254)	143,463
Accounts payable and accrued expenses	(93,464)	6,141
Income taxes receivable	404,998	(2,927)
Net cash provided by operating activities	2,535,048	2,013,341
CASH FLOWS FROM INVESTING ACTIVITIES
Net change in loans	707,296	(8,317,272)
Principal payments on available-for-sale securities	1,615,252	2,318,059
Principal payments on held-to-maturity securities	4,318	4,470
Proceeds from maturities of available-for-sale securities	535,000
Purchase of premises and equipment	(184,112)	(284,325)
Purchase of available-for-sale securities	(38,349,852)	(12,283,794)
Proceeds from sale of available-for-sale securities	30,514,669	9,797,762
Redemption (purchase) of FHLB stock	(29,500)	309,400
Proceeds from sale of foreclosed assets held for sale	40,706	5,131
Net cash used in investing activities	(5,146,223)	(8,450,569)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid	(351,403)	(216,533)
Net increase in demand deposits, NOW accounts and savings accounts	3,456,203	43,344,354
Net increase (decrease) in certificates of deposit	(1,778,130)	2,658,777
Repayments of FHLB and Federal Reserve advances		(8,000,000)
Advances from borrowers for taxes and insurance	54,107	102,323
Stock options exercised	77,850	111,304
Net cash provided by financing activities	1,458,627	38,000,225
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(1,152,548)	31,562,997
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	18,774,419	12,493,890
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 17,621,871	$ 44,056,887

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Disclosure Text Block [Abstract]
Business Description and Basis of Presentation [Text Block]	Note 1: Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting only of normal recurring accruals) considered necessary for a fair presentation have been included. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in Guaranty Federal Bancshares, Inc.’s (the “Company”) Annual Report on Form 10-K for the year ended December 31, 2015 (“2015 Annual Report”) filed with the Securities and Exchange Commission (the “SEC”). The results of operations for the periods are not necessarily indicative of the results to be expected for the full year. The condensed consolidated balance sheet of the Company as of December 31, 2015, has been derived from the audited consolidated balance sheet of the Company as of that date. Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted.

Note 2 - Principles of Consolid

Note 2 - Principles of Consolidation	3 Months Ended
	Mar. 31, 2016
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 2: Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Guaranty Bank (the “Bank”). All significant intercompany transactions and balances have been eliminated in consolidation.

Note 3 - Securities

Note 3 - Securities	3 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 3: Securities The amortized cost and approximate fair values of securities classified as available-for-sale were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of March 31, 2016 Equity Securities $ 102,212 $ 715 $ (16,693 ) $ 86,234 Debt Securities: Municipals 37,664,629 483,622 (148,304 ) 37,999,947 Corporates 3,975,245 - (408,265 ) 3,566,980 Government sponsored mortgage-backed securities and SBA loan pools 62,260,340 164,558 (353,400 ) 62,071,498 $ 104,002,426 $ 648,895 $ (926,662 ) $ 103,724,659 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 Maturities of available-for-sale debt securities as of March 31, 2016: Amortized Cost Approximate Fair Value 1-5 years 1,299,512 1,309,178 6-10 years 9,178,455 9,285,889 After 10 years 31,161,907 30,971,860 Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date 62,260,340 62,071,498 $ 103,900,214 $ 103,638,425 The amortized cost and approximate fair values of securities classified as held to maturity are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of March 31, 2016 Debt Securities: Government sponsored mortgage-backed securities $ 38,781 $ 772 $ - $ 39,553 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 Maturities of held-to-maturity securities as of March 31, 2016: Amortized C ost Approximate Fair Value Government sponsored mortgage-backed securities not due on a single maturity date $ 38,781 $ 39,553 The book value of securities pledged as collateral, to secure public deposits and for other purposes, amounted to $74,737,176 and $52,554,932 as of March 31, 2016 and December 31, 2015, respectively. The approximate fair value of pledged securities amounted to $74,973,659 and $52,095,842 as of March 31, 2016 and December 31, 2015, respectively. Realized gains and losses are recorded as net securities gains. Gains on sales of securities are determined on the specific identification method. Gross gains of $51,030 and $6,797 as of March 31, 2016 and March 31, 2015, respectively, were realized from the sale of available-for-sale securities. The tax effect of these net gains was $18,881 and $2,515 as of March 31, 2016 and March 31, 2015, respectively. The Company evaluates all securities quarterly to determine if any unrealized losses are deemed to be other than temporary. Certain investment securities are valued at less than their historical cost. These declines are primarily the result of the rate for these investments yielding less than current market rates, or declines in stock prices of equity securities. Based on evaluation of available evidence, management believes the declines in fair value for these securities are temporary. It is management’s intent to hold the debt securities to maturity or until recovery of the unrealized loss. Should the impairment of any of these debt securities become other than temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified, to the extent the loss is related to credit issues, and to other comprehensive income to the extent the decline on debt securities is related to other factors and the Company does not intend to sell the security prior to recovery of the unrealized loss. Certain other investments in debt and equity securities are reported in the financial statements at an amount less than their historical cost. Total fair value of these investments at March 31, 2016 and December 31, 2015, was $61,272,304 and $68,123,480, respectively, which is approximately 59% and 70% of the Company’s investment portfolio. These declines primarily resulted from changes in market interest rates and failure of certain investments to meet projected earnings targets. The following table shows gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2016 and December 31, 2015. March 31, 2016 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 $ - $ - $ 31,234 $ (16,693 ) $ 31,234 $ (16,693 ) Municipals 10,001,797 (103,629 ) 2,060,307 (44,675 ) 12,062,104 (148,304 ) Corporates 1,599,480 (159,529 ) 1,967,500 (248,736 ) 3,566,980 (408,265 ) Government sponsored mortgage-backed securities and SBA loan pools 28,090,865 (134,453 ) 17,521,121 (218,947 ) 45,611,986 (353,400 ) $ 39,692,142 $ (397,611 ) $ 21,580,162 $ (529,051 ) $ 61,272,304 $ (926,662 ) 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 )

Note 4 - Loans and Allowance fo

Note 4 - Loans and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 4: Loans and Allowance for Loan Losses March 31, 2016 December 31, 2015 Real estate - residential mortgage: One to four family units $ 98,851,219 $ 98,257,417 Multi-family 37,448,634 41,603,670 Real estate - construction 52,132,057 45,462,895 Real estate - commercial 203,407,488 208,824,573 Commercial loans 82,730,366 81,006,897 Consumer and other loans 21,938,117 21,991,881 Total loans 496,507,881 497,147,333 Less: Allowance for loan losses (6,185,231 ) (5,811,940 ) Deferred loan fees/costs, net (258,010 ) (333,486 ) Net loans $ 490,064,640 $ 491,001,907 As of March 31, 2016 30-59 Days Past Due 60-89 Days Past Due 90 Days and more Past Due Total Past Due Current Total Loans Receivable Total Loans > 90 Days and Accruing (In Thousands) Real estate - residential mortgage: One to four family units $ 549 $ 97 $ 95 $ 741 $ 98,110 $ 98,851 $ - Multi-family - - - - 37,449 37,449 - Real estate - construction - - - - 52,132 52,132 - Real estate - commercial 5,688 - 1,020 6,708 196,700 203,408 - Commercial loans 104 6 1,239 1,349 81,381 82,730 - Consumer and other loans 2 20 46 68 21,870 21,938 - Total $ 6,343 $ 123 $ 2,400 $ 8,866 $ 487,642 $ 496,508 $ - 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 $ - March 31, 2016 December 31, 2015 Real estate - residential mortgage: One to four family units $ 2,327,991 $ 2,272,535 Multi-family - - Real estate - construction 8,071,840 8,079,807 Real estate - commercial 1,181,609 1,240,909 Commercial loans 1,872,808 2,149,333 Consumer and other loans 59,380 12,891 Total $ 13,513,628 $ 13,755,475 March 31, 2016 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total Allowance for loan losses: (In Thousands) Balance, beginning of period $ 1,246 $ 1,526 $ 821 $ 177 $ 1,382 $ 223 $ 437 $ 5,812 Provision charged to expense 621 (46 ) (3 ) (18 ) 121 64 (364 ) $ 375 Losses charged off - - - - - (29 ) - $ (29 ) Recoveries 1 6 8 - - 12 - $ 27 Balance, end of period $ 1,868 $ 1,486 $ 826 $ 159 $ 1,503 $ 270 $ 73 $ 6,185 March 31, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total Allowance for loan losses: (In Thousands) Balance, beginning of period $ 1,330 $ 1,992 $ 900 $ 127 $ 1,954 $ 185 $ 101 $ 6,589 Provision charged to expense 24 (6 ) (24 ) 6 (151 ) 35 266 $ 150 Losses charged off - - - - - (18 ) - $ (18 ) Recoveries 7 - 8 - 1 19 - $ 35 Balance, end of period $ 1,361 $ 1,986 $ 884 $ 133 $ 1,804 $ 221 $ 367 $ 6,756 The following tables present the recorded investment in loans based on portfolio segment and impairment method as of March 31, 2016 and December 31, 2015: March 31, 2016 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total Allowance for loan losses: (In Thousands) Ending balance: individually evaluated for impairment $ 540 $ - $ 19 $ - $ 463 $ 14 $ - $ 1,036 Ending balance: collectively evaluated for impairment $ 1,328 $ 1,486 $ 807 $ 159 $ 1,040 $ 256 $ 73 $ 5,149 Loans: Ending balance: individually evaluated for impairment $ 8,072 $ 1,182 $ 2,328 $ - $ 1,873 $ 167 $ - $ 13,622 Ending balance: collectively evaluated for impairment $ 44,060 $ 202,226 $ 96,523 $ 37,449 $ 80,857 $ 21,771 $ - $ 482,886 December 31, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total Allowance for loan losses: (In Thousands) 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 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 uncollectability 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 collectability 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 of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Bank’s internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. The following table summarizes the recorded investment in impaired loans at March 31, 2016 and December 31, 2015: March 31, 2016 December 31, 2015 Recorded Balance Unpaid Principal Balance Specific Allowance Recorded Balance Unpaid Principal Balance Specific Allowance (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 2,231 $ 2,231 $ - $ 2,272 $ 2,272 $ - Multi-family - - - - - - Real estate - construction 5,722 5,722 - 5,730 5,730 - Real estate - commercial 1,182 1,182 - 1,241 1,241 - Commercial loans 1,000 1,000 - 1,538 1,538 - Consumer and other loans 59 59 - 904 904 - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 97 $ 97 $ 19 $ - $ - $ - Multi-family - - - - - - Real estate - construction 2,350 4,838 540 2,350 4,838 540 Real estate - commercial - - - - - - Commercial loans 873 1,176 463 611 914 312 Consumer and other loans 108 108 14 84 84 13 Total Real estate - residential mortgage: One to four family units $ 2,328 $ 2,328 $ 19 $ 2,272 $ 2,272 $ - Multi-family - - - - - - Real estate - construction 8,072 10,560 540 8,080 10,568 540 Real estate - commercial 1,182 1,182 - 1,241 1,241 - Commercial loans 1,873 2,176 463 2,149 2,452 312 Consumer and other loans 167 167 14 988 988 13 Total $ 13,622 $ 16,413 $ 1,036 $ 14,730 $ 17,521 $ 865 The following table summarizes average impaired loans and related interest recognized on impaired loans for the three months ended March 31, 2016 and 2015: For the Three Months Ended For the Three Months Ended March 31, 2016 March 31, 2015 Average Investment in Impaired Loans Interest Income Recognized Average Investment in Impaired Loans Interest Income Recognized (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 2,240 $ - $ 709 $ - Multi-family - - - - Real estate - construction 5,725 - 74 - Real estate - commercial 1,201 - - - Commercial loans 1,352 - 336 - Consumer and other loans 28 - 489 - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 32 $ - $ 550 $ - Multi-family - - - - Real estate - construction 2,350 - 2,750 - Real estate - commercial - - - - Commercial loans 699 - 623 - Consumer and other loans 83 - - - Total Real estate - residential mortgage: One to four family units $ 2,272 $ - $ 1,259 $ - Multi-family - - - - Real estate - construction 8,075 - 2,824 - Real estate - commercial 1,201 - - - Commercial loans 2,051 - 959 - Consumer and other loans 111 - 489 - Total $ 13,710 $ - $ 5,531 $ - At March 31, 2016, the Bank’s impaired loans shown in the table above included loans that were classified as troubled debt restructurings (“TDR”). The restructuring of a loan is considered a TDR if both (i) the borrower is experiencing financial difficulties and (ii) the creditor has granted a concession. In assessing whether or not a borrower is experiencing financial difficulties, the Bank considers information currently available regarding the financial condition of the borrower. This information includes, but is not limited to, whether (i) the debtor is currently in payment default on any of its debt; (ii) a payment default is probable in the foreseeable future without the modification; (iii) the debtor has declared or is in the process of declaring bankruptcy and (iv) the debtor’s projected cash flow is sufficient to satisfy the contractual payments due under the original terms of the loan without a modification. The Bank considers all aspects of the modification to loan terms to determine whether or not a concession has been granted to the borrower. Key factors considered by the Bank include the debtor’s ability to access funds at a market rate for debt with similar risk characteristics, the significance of the modification relative to unpaid principal balance or collateral value of the debt, and the significance of a delay in the timing of payments relative to the original contractual terms of the loan. The most common concessions granted by the Bank generally include one or more modifications to the terms of the debt, such as (i) a reduction in the interest rate for the remaining life of the debt, (ii) an extension of the maturity date at an interest rate lower than the current market rate for new debt with similar risk, (iii) a reduction on the face amount or maturity amount of the debt as stated in the original loan, (iv) a temporary period of interest-only payments, (v) a reduction in accrued interest, and (vi) an extension of amortization. The following table presents the carrying balance of TDRs as of March 31, 2016 and December 31, 2015: March 31, 2016 December 31, 2015 Real estate - residential mortgage: One to four family units $ 1,522,938 $ 1,556,964 Multi-family - - Real estate - construction 8,071,840 8,079,807 Real estate - commercial 161,491 161,491 Commercial loans 1,427,270 1,442,476 Consumer and other loans - - Total $ 11,183,539 $ 11,240,738 The bank did not have any new TDRs for the three months ending March 31, 2016. The Bank has allocated $789,535 and $841,284 of specific reserves to customers whose loan terms have been modified in TDR as of March 31, 2016 and December 31, 2015, respectively. There were no TDRs for which there was a payment default within twelve months following the modification during the three months ending March 31, 2016 and 2015. A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. As part of the on-going monitoring of the credit quality of the Bank’s loan portfolio, management tracks loans by an internal rating system. All loans are assigned an internal credit quality rating based on an analysis of the borrower’s financial condition. The criteria used to assign quality ratings to extensions of credit that exhibit potential problems or well-defined weaknesses are primarily based upon the degree of risk and the likelihood of orderly repayment, and their effect on the Bank’s safety and soundness. The following are the internally assigned ratings: Pass: This rating represents loans that have strong asset quality and liquidity along with a multi-year track record of profitability. Special mention: This rating represents loans that are currently protected but are potentially weak. The credit risk may be relatively minor, yet constitute an increased risk in light of the circumstances surrounding a specific loan. Substandard: This rating represents loans that show signs of continuing negative financial trends and unprofitability and therefore, is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Doubtful: This rating represents loans that have all the weaknesses of substandard classified loans with the additional characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Risk characteristics applicable to each segment of the loan portfolio are described as follows. Real estate-Residential 1-4 family: The residential 1-4 family real estate loans are generally secured by owner-occupied 1-4 family residences. Repayment of these loans is primarily dependent on the personal income and credit rating of the borrowers. Credit risk in these loans can be impacted by economic conditions within the Bank’s market areas that might impact either property values or a borrower’s personal income. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers. Real estate-Construction: Construction and land development real estate loans are usually based upon estimates of costs and estimated value of the completed project and include independent appraisal reviews and a financial analysis of the developers and property owners. Sources of repayment of these loans may include permanent loans, sales of developed property or an interim loan commitment from the Bank until permanent financing is obtained. These loans are considered to be higher risk than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, general economic conditions and the availability of long-term financing. Credit risk in these loans may be impacted by the creditworthiness of a borrower, property values and the local economies in the Bank’s market areas. Real estate-Commercial: Commercial real estate loans typically involve larger principal amounts, and repayment of these loans is generally dependent on the successful operations of the property securing the loan or the business conducted on the property securing the loan. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Credit risk in these loans may be impacted by the creditworthiness of a borrower, property values and the local economies in the Bank’s market areas. Commercial: The commercial portfolio includes loans to commercial customers for use in financing working capital needs, equipment purchases and expansions. The loans in this category are repaid primarily from the cash flow of a borrower’s principal business operation. Credit risk in these loans is driven by creditworthiness of a borrower and the economic conditions that impact the cash flow stability from business operations. Consumer: The consumer loan portfolio consists of various term and line of credit loans such as automobile loans and loans for other personal purposes. Repayment for these types of loans will come from a borrower’s income sources that are typically independent of the loan purpose. Credit risk is driven by consumer economic factors (such as unemployment and general economic conditions in the Bank’s market area) and the creditworthiness of a borrower. The following tables provide information about the credit quality of the loan portfolio using the Bank’s internal rating system as of March 31, 2016 and December 31, 2015: March 31, 2016 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Total (In Thousands) Rating: Pass $ 44,060 $ 189,347 $ 92,170 $ 37,449 $ 74,610 $ 21,651 $ 459,287 Special Mention - 7,566 3,061 - 2,117 - 12,744 Substandard 8,072 6,495 3,620 - 5,400 287 23,874 Doubtful - - - - 603 - 603 Total $ 52,132 $ 203,408 $ 98,851 $ 37,449 $ 82,730 $ 21,938 $ 496,508 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 For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees net of certain direct origination costs, are deferred and amortized as a level yield adjustment over the respective term of the loan. The accrual of interest on loans is discontinued at the time the loan is 90 days past due unless the loan is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

Note 5 - Benefit Plans

Note 5 - Benefit Plans	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 5: Benefit Plans The Company has stock-based employee compensation plans, which are described in the Company’s 2015 Annual Report. The following tables below summarize transactions under the Company’s equity plans for the three months ended March 31, 2016: Stock Options Number of shares Incentive Stock Option Non- Incentive Stock Option Weighted Average Exercise Price Balance outstanding as of January 1, 2016 91,500 57,500 $ 19.58 Granted - - - Exercised (10,000 ) (5,000 ) 5.19 Forfeited (5,000 ) - 28.34 Balance outstanding as of March 31, 2016 76,500 52,500 $ 20.92 Options exercisable as of March 31, 2016 76,500 52,500 $ 20.92 The total intrinsic value of stock options exercised for the three months ended March 31, 2016 and 2015 was $153,353 and $201,406, respectively. The total intrinsic value of outstanding stock options (including exercisable) was $401,385 and $655,060 at March 31, 2016 and 2015, respectively. The total fair value of share awards vested was $0 and $136,394 during the three months ended March 31, 2016 and 2015, respectively. Restricted Stock Number of Shares Weighted Average Grant- Date Fair Value Balance of shares non-vested as of January 1, 2016 43,477 $ 12.75 Granted 23,929 15.00 Vested (1,454 ) 15.00 Forfeited - - Balance of shares non-vested as of March 31, 2016 65,952 $ 13.52 In February 2016, the Company granted 9,336 shares of restricted stock to directors pursuant to the 2015 Equity Plan of which 1,167 were immediately vested (and expensed in full) and 8,167 have a cliff vesting at the end of one year, and thus, expensed over that same period. These shares had a grant date market price of $15.00 per share. The total amount expensed for the quarter was $30,691. In February 2015, the Company granted restricted stock to directors pursuant to the 2010 Equity Plan that was fully vested and thus, expensed in full on the date of the grants. The amount expensed was $122,476 which represents 8,281 shares of common stock at a market price of $14.79 at the date of grant in 2015. For the three months ended March 31, 2016 and 2015, the Company granted 14,593 and 17,704 shares of restricted stock to officers that have a cliff vesting at the end of three years. The expense is being recognized over the applicable vesting period. The total amount of expense for restricted stock grants to officers (including all previous years grants) during the three months ended March 31, 2016 and 2015 was $56,166 and $42,439, respectively. Total stock-based compensation expense recognized for the three months ended March 31, 2016 and 2015 was $86,857 and $164,915, respectively. As of March 31, 2016, there was $582,717 of unrecognized compensation expense related to nonvested restricted stock awards, which will be recognized over the remaining vesting period.

Note 6 - Income Per Common Shar

Note 6 - Income Per Common Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 6: Income Per Common Share For three months ended March 31, 2016 Income Available to Common Stockholders Average Common Shares Outstanding Per Common Share Basic Income per Common Share $ 1,276,605 4,360,244 $ 0.29 Effect of Dilutive Securities 50,035 Diluted Income per Common Share $ 1,276,605 4,410,279 $ 0.29 For three months ended March 31, 2015 Income Available to Common Stockholders Average Common Shares Outstanding Per Common Share Basic Income per Common Share $ 1,329,544 4,315,229 $ 0.31 Effect of Dilutive Securities 58,772 Diluted Income per Common Share $ 1,329,544 4,374,001 $ 0.30 Stock options to purchase 83,500 and 108,500 shares of common stock were outstanding during the three months ended March 31, 2016 and 2015, 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 7 - New Accounting Pronoun

Note 7 - New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 7: New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606): Revenue from Contracts with Customers In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis 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 In March 2016, the FASB issued ASU 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting

Note 8 - Disclosures about Fair

Note 8 - Disclosures about Fair Value of Assets and Liabilities	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Note 8: Disclosures about Fair Value of Assets and Liabilities ASC Topic 820, Fair Value Measurements Level 1 Level 2 Level 3 The following is a description of the inputs and valuation methodologies used for assets measured at fair value on a recurring basis and recognized in the accompanying condensed consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. Available-for-sale securities: The following table presents the fair value measurements of assets recognized in the accompanying condensed consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2016 and December 31, 2015 (dollar amounts in thousands): 3/31/2016 Financial assets: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Equity securities $ 86 $ - $ - $ 86 Debt securities: Municipals - 38,000 - 38,000 Corporates - 3,567 - 3,567 Government sponsored mortgage-backed securities and SBA loan pools - 62,072 - 62,072 Available-for-sale securities $ 86 $ 103,639 $ - $ 103,725 12/31/2015 Financial assets: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Equity securities $ 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 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 statements of financial condition, 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 March 31, 2016 and December 31, 2015 (dollar amounts in thousands): Impaired loans: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value March 31, 2016 $ - $ - $ 12,540 $ 12,540 December 31, 2015 $ - $ - $ 12,923 $ 12,923 Foreclosed assets held for sale: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value March 31, 2016 $ - $ - $ - $ - December 31, 2015 $ - $ - $ - $ - There were no transfers between valuation levels for any asset during the three months ended March 31, 2016 or 2015. If valuation techniques are deemed necessary, the Company considers those transfers to occur at the end of the period when the assets are valued. The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurement (dollar amounts in thousands): Fair Value March 31, 2016 Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans (collateral dependent) $ 4,554 Market Comparable Discount to reflect realizable value 0% - 38% (6%) Impaired loans $ 7,986 Discounted cash flow Discount rate 0% - 41% (3%) Foreclosed assets held for sale $ - Market Comparable Discount to reflect realizable value 0% The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying condensed consolidated balance sheets at amounts other than fair value. Cash and cash equivalents, interest-bearing deposits and Federal Home Loan Bank stock The carrying amounts reported in the condensed consolidated balance sheets approximate those assets' fair value. Held-to-maturity securities Fair value is based on quoted market prices, if available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. Loans The fair value of loans is estimated by discounting the future cash flows using the market rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Loans with similar characteristics were aggregated for purposes of the calculations. The carrying amount of accrued interest approximates its fair value. Deposits Deposits include demand deposits, savings accounts, NOW accounts and certain money market deposits. The carrying amount approximates fair value. The fair value of fixed-maturity certificates of deposit is estimated by discounting the future cash flows using rates currently offered for deposits of similar remaining maturities. Federal Home Loan Bank advances The fair value of advances is estimated by using rates on debt with similar terms and remaining maturities. Subordinated debentures For these variable rate instruments, the carrying amount is a reasonable estimate of fair value. There is currently a limited market for similar debt instruments and the Company has the option to call the subordinated debentures at an amount close to its par value. Interest payable The carrying amount approximates fair value. Commitments to originate loans, letters of credit and lines of credit The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present credit worthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. The following tables present estimated fair values of the Company’s financial instruments at March 31, 2016 and December 31, 2015. March 31, 2016 Carrying Amount Fair Value Hierarchy Level Financial assets: Cash and cash equivalents $ 17,621,871 $ 17,621,871 1 Held-to-maturity securities 38,781 39,553 2 Federal Home Loan Bank stock 2,867,000 2,867,000 2 Mortgage loans held for sale 1,517,016 1,517,016 2 Loans, net 490,064,640 490,230,468 3 Interest receivable 1,769,927 1,769,927 2 Financial liabilities: Deposits 519,063,768 506,125,859 2 Federal Home Loan Bank advances 52,100,000 53,440,089 2 Subordinated debentures 15,465,000 15,465,000 3 Interest payable 190,573 190,573 2 Unrecognized financial instruments (net of contractual value): Commitments to extend credit - - - Unused lines of credit - - - December 31, 2015 Carrying Amount Fair Value Hierarchy Level Financial assets: Cash and cash equivalents $ 18,774,419 $ 18,774,419 1 Held-to-maturity securities 43,099 43,935 2 Federal Home Loan Bank stock 2,837,500 2,837,500 2 Mortgage loans held for sale 1,902,933 1,902,933 2 Loans, net 491,001,907 495,207,798 3 Interest receivable 1,986,692 1,986,692 2 Financial liabilities: Deposits 517,385,695 511,225,380 2 Federal Home Loan Bank advances 52,100,000 53,227,960 2 Subordinated debentures 15,465,000 15,465,000 3 Interest payable 196,102 196,102 2 Unrecognized financial instruments (net of contractual value): Commitments to extend credit - - - Unused lines of credit - - -

Note 3 - Securities (Tables)

Note 3 - Securities (Tables)	3 Months Ended
	Mar. 31, 2016
Note 3 - Securities (Tables) [Line Items]
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of March 31, 2016 Equity Securities $ 102,212 $ 715 $ (16,693 ) $ 86,234 Debt Securities: Municipals 37,664,629 483,622 (148,304 ) 37,999,947 Corporates 3,975,245 - (408,265 ) 3,566,980 Government sponsored mortgage-backed securities and SBA loan pools 62,260,340 164,558 (353,400 ) 62,071,498 $ 104,002,426 $ 648,895 $ (926,662 ) $ 103,724,659 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
Available-for-sale Securities [Table Text Block]	Amortized Cost Approximate Fair Value 1-5 years 1,299,512 1,309,178 6-10 years 9,178,455 9,285,889 After 10 years 31,161,907 30,971,860 Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date 62,260,340 62,071,498 $ 103,900,214 $ 103,638,425
Held-to-maturity Securities [Table Text Block]	Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of March 31, 2016 Debt Securities: Government sponsored mortgage-backed securities $ 38,781 $ 772 $ - $ 39,553 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
Schedule of Unrealized Loss on Investments [Table Text Block]	March 31, 2016 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 $ - $ - $ 31,234 $ (16,693 ) $ 31,234 $ (16,693 ) Municipals 10,001,797 (103,629 ) 2,060,307 (44,675 ) 12,062,104 (148,304 ) Corporates 1,599,480 (159,529 ) 1,967,500 (248,736 ) 3,566,980 (408,265 ) Government sponsored mortgage-backed securities and SBA loan pools 28,090,865 (134,453 ) 17,521,121 (218,947 ) 45,611,986 (353,400 ) $ 39,692,142 $ (397,611 ) $ 21,580,162 $ (529,051 ) $ 61,272,304 $ (926,662 ) 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 )
Held-to-maturity Securities [Member]
Note 3 - Securities (Tables) [Line Items]
Held-to-maturity Securities [Table Text Block]	Amortized C ost Approximate Fair Value Government sponsored mortgage-backed securities not due on a single maturity date $ 38,781 $ 39,553

Note 4 - Loans and Allowance 18

Note 4 - Loans and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	March 31, 2016 December 31, 2015 Real estate - residential mortgage: One to four family units $ 98,851,219 $ 98,257,417 Multi-family 37,448,634 41,603,670 Real estate - construction 52,132,057 45,462,895 Real estate - commercial 203,407,488 208,824,573 Commercial loans 82,730,366 81,006,897 Consumer and other loans 21,938,117 21,991,881 Total loans 496,507,881 497,147,333 Less: Allowance for loan losses (6,185,231 ) (5,811,940 ) Deferred loan fees/costs, net (258,010 ) (333,486 ) Net loans $ 490,064,640 $ 491,001,907
Past Due Financing Receivables [Table Text Block]	As of March 31, 2016 30-59 Days Past Due 60-89 Days Past Due 90 Days and more Past Due Total Past Due Current Total Loans Receivable Total Loans > 90 Days and Accruing (In Thousands) Real estate - residential mortgage: One to four family units $ 549 $ 97 $ 95 $ 741 $ 98,110 $ 98,851 $ - Multi-family - - - - 37,449 37,449 - Real estate - construction - - - - 52,132 52,132 - Real estate - commercial 5,688 - 1,020 6,708 196,700 203,408 - Commercial loans 104 6 1,239 1,349 81,381 82,730 - Consumer and other loans 2 20 46 68 21,870 21,938 - Total $ 6,343 $ 123 $ 2,400 $ 8,866 $ 487,642 $ 496,508 $ - 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 $ -
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	March 31, 2016 December 31, 2015 Real estate - residential mortgage: One to four family units $ 2,327,991 $ 2,272,535 Multi-family - - Real estate - construction 8,071,840 8,079,807 Real estate - commercial 1,181,609 1,240,909 Commercial loans 1,872,808 2,149,333 Consumer and other loans 59,380 12,891 Total $ 13,513,628 $ 13,755,475
Allowance for Credit Losses on Financing Receivables [Table Text Block]	March 31, 2016 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total Allowance for loan losses: (In Thousands) Balance, beginning of period $ 1,246 $ 1,526 $ 821 $ 177 $ 1,382 $ 223 $ 437 $ 5,812 Provision charged to expense 621 (46 ) (3 ) (18 ) 121 64 (364 ) $ 375 Losses charged off - - - - - (29 ) - $ (29 ) Recoveries 1 6 8 - - 12 - $ 27 Balance, end of period $ 1,868 $ 1,486 $ 826 $ 159 $ 1,503 $ 270 $ 73 $ 6,185 March 31, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total Allowance for loan losses: (In Thousands) Balance, beginning of period $ 1,330 $ 1,992 $ 900 $ 127 $ 1,954 $ 185 $ 101 $ 6,589 Provision charged to expense 24 (6 ) (24 ) 6 (151 ) 35 266 $ 150 Losses charged off - - - - - (18 ) - $ (18 ) Recoveries 7 - 8 - 1 19 - $ 35 Balance, end of period $ 1,361 $ 1,986 $ 884 $ 133 $ 1,804 $ 221 $ 367 $ 6,756 March 31, 2016 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total Allowance for loan losses: (In Thousands) Ending balance: individually evaluated for impairment $ 540 $ - $ 19 $ - $ 463 $ 14 $ - $ 1,036 Ending balance: collectively evaluated for impairment $ 1,328 $ 1,486 $ 807 $ 159 $ 1,040 $ 256 $ 73 $ 5,149 Loans: Ending balance: individually evaluated for impairment $ 8,072 $ 1,182 $ 2,328 $ - $ 1,873 $ 167 $ - $ 13,622 Ending balance: collectively evaluated for impairment $ 44,060 $ 202,226 $ 96,523 $ 37,449 $ 80,857 $ 21,771 $ - $ 482,886 December 31, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total Allowance for loan losses: (In Thousands) 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
Impaired Financing Receivables [Table Text Block]	March 31, 2016 December 31, 2015 Recorded Balance Unpaid Principal Balance Specific Allowance Recorded Balance Unpaid Principal Balance Specific Allowance (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 2,231 $ 2,231 $ - $ 2,272 $ 2,272 $ - Multi-family - - - - - - Real estate - construction 5,722 5,722 - 5,730 5,730 - Real estate - commercial 1,182 1,182 - 1,241 1,241 - Commercial loans 1,000 1,000 - 1,538 1,538 - Consumer and other loans 59 59 - 904 904 - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 97 $ 97 $ 19 $ - $ - $ - Multi-family - - - - - - Real estate - construction 2,350 4,838 540 2,350 4,838 540 Real estate - commercial - - - - - - Commercial loans 873 1,176 463 611 914 312 Consumer and other loans 108 108 14 84 84 13 Total Real estate - residential mortgage: One to four family units $ 2,328 $ 2,328 $ 19 $ 2,272 $ 2,272 $ - Multi-family - - - - - - Real estate - construction 8,072 10,560 540 8,080 10,568 540 Real estate - commercial 1,182 1,182 - 1,241 1,241 - Commercial loans 1,873 2,176 463 2,149 2,452 312 Consumer and other loans 167 167 14 988 988 13 Total $ 13,622 $ 16,413 $ 1,036 $ 14,730 $ 17,521 $ 865 For the Three Months Ended For the Three Months Ended March 31, 2016 March 31, 2015 Average Investment in Impaired Loans Interest Income Recognized Average Investment in Impaired Loans Interest Income Recognized (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 2,240 $ - $ 709 $ - Multi-family - - - - Real estate - construction 5,725 - 74 - Real estate - commercial 1,201 - - - Commercial loans 1,352 - 336 - Consumer and other loans 28 - 489 - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 32 $ - $ 550 $ - Multi-family - - - - Real estate - construction 2,350 - 2,750 - Real estate - commercial - - - - Commercial loans 699 - 623 - Consumer and other loans 83 - - - Total Real estate - residential mortgage: One to four family units $ 2,272 $ - $ 1,259 $ - Multi-family - - - - Real estate - construction 8,075 - 2,824 - Real estate - commercial 1,201 - - - Commercial loans 2,051 - 959 - Consumer and other loans 111 - 489 - Total $ 13,710 $ - $ 5,531 $ -
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	March 31, 2016 December 31, 2015 Real estate - residential mortgage: One to four family units $ 1,522,938 $ 1,556,964 Multi-family - - Real estate - construction 8,071,840 8,079,807 Real estate - commercial 161,491 161,491 Commercial loans 1,427,270 1,442,476 Consumer and other loans - - Total $ 11,183,539 $ 11,240,738
Financing Receivable Credit Quality Indicators [Table Text Block]	March 31, 2016 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Total (In Thousands) Rating: Pass $ 44,060 $ 189,347 $ 92,170 $ 37,449 $ 74,610 $ 21,651 $ 459,287 Special Mention - 7,566 3,061 - 2,117 - 12,744 Substandard 8,072 6,495 3,620 - 5,400 287 23,874 Doubtful - - - - 603 - 603 Total $ 52,132 $ 203,408 $ 98,851 $ 37,449 $ 82,730 $ 21,938 $ 496,508 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

Note 5 - Benefit Plans (Tables)

Note 5 - Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Stock Options Number of shares Incentive Stock Option Non- Incentive Stock Option Weighted Average Exercise Price Balance outstanding as of January 1, 2016 91,500 57,500 $ 19.58 Granted - - - Exercised (10,000 ) (5,000 ) 5.19 Forfeited (5,000 ) - 28.34 Balance outstanding as of March 31, 2016 76,500 52,500 $ 20.92 Options exercisable as of March 31, 2016 76,500 52,500 $ 20.92
Nonvested Restricted Stock Shares Activity [Table Text Block]	Restricted Stock Number of Shares Weighted Average Grant- Date Fair Value Balance of shares non-vested as of January 1, 2016 43,477 $ 12.75 Granted 23,929 15.00 Vested (1,454 ) 15.00 Forfeited - - Balance of shares non-vested as of March 31, 2016 65,952 $ 13.52

Note 6 - Income Per Common Sh20

Note 6 - Income Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For three months ended March 31, 2016 Income Available to Common Stockholders Average Common Shares Outstanding Per Common Share Basic Income per Common Share $ 1,276,605 4,360,244 $ 0.29 Effect of Dilutive Securities 50,035 Diluted Income per Common Share $ 1,276,605 4,410,279 $ 0.29 For three months ended March 31, 2015 Income Available to Common Stockholders Average Common Shares Outstanding Per Common Share Basic Income per Common Share $ 1,329,544 4,315,229 $ 0.31 Effect of Dilutive Securities 58,772 Diluted Income per Common Share $ 1,329,544 4,374,001 $ 0.30

Note 8 - Disclosures about Fa21

Note 8 - Disclosures about Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	3/31/2016 Financial assets: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Equity securities $ 86 $ - $ - $ 86 Debt securities: Municipals - 38,000 - 38,000 Corporates - 3,567 - 3,567 Government sponsored mortgage-backed securities and SBA loan pools - 62,072 - 62,072 Available-for-sale securities $ 86 $ 103,639 $ - $ 103,725 12/31/2015 Financial assets: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Equity securities $ 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
Fair Value Measurements, Nonrecurring [Table Text Block]	Impaired loans: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value March 31, 2016 $ - $ - $ 12,540 $ 12,540 December 31, 2015 $ - $ - $ 12,923 $ 12,923 Foreclosed assets held for sale: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value March 31, 2016 $ - $ - $ - $ - December 31, 2015 $ - $ - $ - $ -
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	Fair Value March 31, 2016 Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans (collateral dependent) $ 4,554 Market Comparable Discount to reflect realizable value 0% - 38% (6%) Impaired loans $ 7,986 Discounted cash flow Discount rate 0% - 41% (3%) Foreclosed assets held for sale $ - Market Comparable Discount to reflect realizable value 0%
Fair Value, by Balance Sheet Grouping [Table Text Block]	March 31, 2016 Carrying Amount Fair Value Hierarchy Level Financial assets: Cash and cash equivalents $ 17,621,871 $ 17,621,871 1 Held-to-maturity securities 38,781 39,553 2 Federal Home Loan Bank stock 2,867,000 2,867,000 2 Mortgage loans held for sale 1,517,016 1,517,016 2 Loans, net 490,064,640 490,230,468 3 Interest receivable 1,769,927 1,769,927 2 Financial liabilities: Deposits 519,063,768 506,125,859 2 Federal Home Loan Bank advances 52,100,000 53,440,089 2 Subordinated debentures 15,465,000 15,465,000 3 Interest payable 190,573 190,573 2 Unrecognized financial instruments (net of contractual value): Commitments to extend credit - - - Unused lines of credit - - - December 31, 2015 Carrying Amount Fair Value Hierarchy Level Financial assets: Cash and cash equivalents $ 18,774,419 $ 18,774,419 1 Held-to-maturity securities 43,099 43,935 2 Federal Home Loan Bank stock 2,837,500 2,837,500 2 Mortgage loans held for sale 1,902,933 1,902,933 2 Loans, net 491,001,907 495,207,798 3 Interest receivable 1,986,692 1,986,692 2 Financial liabilities: Deposits 517,385,695 511,225,380 2 Federal Home Loan Bank advances 52,100,000 53,227,960 2 Subordinated debentures 15,465,000 15,465,000 3 Interest payable 196,102 196,102 2 Unrecognized financial instruments (net of contractual value): Commitments to extend credit - - - Unused lines of credit - - -

Note 3 - Securities (Details)

Note 3 - Securities (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Available-for-sale Securities Pledged as Collateral, Book Value	$ 74,737,176		$ 52,554,932
Available-for-sale Securities Pledged as Collateral	74,973,659		52,095,842
Available-for-sale Securities, Gross Realized Gains	51,030	$ 6,797
Available-for-sale Securities, Gross Realized Gain (Loss), Tax Effect	18,881	$ 2,515
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 61,272,304		$ 68,123,480
Percentage of Securities in Continuous Unrealized Loss Position to Total Investment Portfolio	59.00%		70.00%

Note 3 - Securities (Details) -

Note 3 - Securities (Details) - Available-for-sale Securities - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Note 3 - Securities (Details) - Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	$ 104,002,426	$ 98,378,132
Available-for-sale securities, gross unrealized (losses)	(926,662)	(1,411,825)
Available-for-sale securities, approximate fair value	103,724,659	97,292,487
Available-for-sale securities, gross unrealized gains	648,895	326,180
Equity Securities [Member]
Note 3 - Securities (Details) - Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	102,212	102,212
Available-for-sale securities, gross unrealized (losses)	(16,693)	(12,776)
Available-for-sale securities, approximate fair value	86,234	99,517
Available-for-sale securities, gross unrealized gains	715	10,081
US States and Political Subdivisions Debt Securities [Member]
Note 3 - Securities (Details) - Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	37,664,629	31,132,635
Available-for-sale securities, gross unrealized (losses)	(148,304)	(85,808)
Available-for-sale securities, approximate fair value	37,999,947	31,349,162
Available-for-sale securities, gross unrealized gains	483,622	302,335
Corporate Debt Securities [Member]
Note 3 - Securities (Details) - Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	3,975,245	3,965,719
Available-for-sale securities, gross unrealized (losses)	(408,265)	(152,019)
Available-for-sale securities, approximate fair value	3,566,980	3,813,700
Available-for-sale securities, gross unrealized gains	0	0
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 3 - Securities (Details) - Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	62,260,340	54,643,681
Available-for-sale securities, gross unrealized (losses)	(353,400)	(1,024,121)
Available-for-sale securities, approximate fair value	62,071,498	53,633,324
Available-for-sale securities, gross unrealized gains	$ 164,558	13,764
US Government Agencies Debt Securities [Member]
Note 3 - Securities (Details) - Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost		8,533,885
Available-for-sale securities, gross unrealized (losses)		(137,101)
Available-for-sale securities, approximate fair value		8,396,784
Available-for-sale securities, gross unrealized gains		$ 0

Note 3 - Securities (Details)24

Note 3 - Securities (Details) - Available-for-sale Securities by Maturity	Mar. 31, 2016USD ($)
Available-for-sale Securities by Maturity [Abstract]
1-5 years	$ 1,299,512
1-5 years	1,309,178
6-10 years	9,178,455
6-10 years	9,285,889
After 10 years	31,161,907
After 10 years	30,971,860
Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date	62,260,340
Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date	62,071,498
	103,900,214
	$ 103,638,425

Note 3 - Securities (Details)25

Note 3 - Securities (Details) - Held-to-maturity Securities - Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Debt Securities:
Held-to-maturity securities, amortized cost	$ 38,781	$ 43,099
Held-to-maturity securities, gross unrealized gains	772	836
Held-to-maturity securities, approximate fair value	$ 39,553	$ 43,935

Note 3 - Securities (Details)26

Note 3 - Securities (Details) - Held-to-maturity Securities by Maturity	Mar. 31, 2016USD ($)
Held-to-maturity Securities by Maturity [Abstract]
Government sponsored mortgage-backed securities not due on a single maturity date	$ 38,781
Government sponsored mortgage-backed securities not due on a single maturity date	$ 39,553

Note 3 - Securities (Details)27

Note 3 - Securities (Details) - Securities in a Continuous Unrealized Loss Position - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Note 3 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, less than 12 months, fair value	$ 39,692,142	$ 47,314,541
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(397,611)	(727,804)
Securities, continuous unrealized loss position, 12 months or more, fair value	21,580,162	20,808,939
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(529,051)	(684,021)
Securities, continuous unrealized loss position, fair value	61,272,304	68,123,480
Securities, continuous unrealized loss position, unrealized losses	(926,662)	(1,411,825)
Equity Securities [Member]
Note 3 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, less than 12 months, fair value	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	31,234	35,151
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(16,693)	(12,776)
Securities, continuous unrealized loss position, fair value	31,234	35,151
Securities, continuous unrealized loss position, unrealized losses	(16,693)	(12,776)
US States and Political Subdivisions Debt Securities [Member]
Note 3 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, less than 12 months, fair value	10,001,797	6,167,019
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(103,629)	(70,266)
Securities, continuous unrealized loss position, 12 months or more, fair value	2,060,307	715,410
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(44,675)	(15,542)
Securities, continuous unrealized loss position, fair value	12,062,104	6,882,429
Securities, continuous unrealized loss position, unrealized losses	(148,304)	(85,808)
Corporate Debt Securities [Member]
Note 3 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, less than 12 months, fair value	1,599,480	1,675,500
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(159,529)	(79,708)
Securities, continuous unrealized loss position, 12 months or more, fair value	1,967,500	2,138,200
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(248,736)	(72,311)
Securities, continuous unrealized loss position, fair value	3,566,980	3,813,700
Securities, continuous unrealized loss position, unrealized losses	(408,265)	(152,019)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 3 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, less than 12 months, fair value	28,090,865	33,072,102
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(134,453)	(493,865)
Securities, continuous unrealized loss position, 12 months or more, fair value	17,521,121	15,923,314
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(218,947)	(530,256)
Securities, continuous unrealized loss position, fair value	45,611,986	48,995,416
Securities, continuous unrealized loss position, unrealized losses	$ (353,400)	(1,024,121)
US Government Agencies Debt Securities [Member]
Note 3 - Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Securities, continuous unrealized loss position, less than 12 months, fair value		6,399,920
Securities, continuous unrealized loss position, less than 12 months, unrealized losses		(83,965)
Securities, continuous unrealized loss position, 12 months or more, fair value		1,996,864
Securities, continuous unrealized loss position, 12 months or more, unrealized losses		(53,136)
Securities, continuous unrealized loss position, fair value		8,396,784
Securities, continuous unrealized loss position, unrealized losses		$ (137,101)

Note 4 - Loans and Allowance 28

Note 4 - Loans and Allowance for Loan Losses (Details)	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015	Dec. 31, 2015USD ($)
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items]
Financing Receivable, Modifications, Number of Contracts	0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Troubled Debt Restructurings [Member]
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items]
Allowance for Credit Losses, Change in Method of Calculating Impairment (in Dollars)	$ 789,535		$ 841,284

Note 4 - Loans and Allowance 29

Note 4 - Loans and Allowance for Loan Losses (Details) - Loans by Category - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Real estate - residential mortgage:
Loans receivable	$ 496,507,881	$ 497,147,333
Less:
Allowance for loan losses	(6,185,231)	(5,811,940)	$ (6,756,000)	$ (6,589,000)
Deferred loan fees/costs, net	(258,010)	(333,486)
Net loans	490,064,640	491,001,907
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Real estate - residential mortgage:
Loans receivable	98,851,219	98,257,417
Less:
Allowance for loan losses	(826,000)	(821,000)	(884,000)	(900,000)
Residential Portfolio Segment [Member] | Multi-family Units [Member]
Real estate - residential mortgage:
Loans receivable	37,448,634	41,603,670
Less:
Allowance for loan losses	(159,000)	(177,000)	(133,000)	(127,000)
Residential Portfolio Segment [Member] | Construction Loans [Member]
Real estate - residential mortgage:
Loans receivable	52,132,057	45,462,895
Less:
Allowance for loan losses	(1,868,000)	(1,246,000)	(1,361,000)	(1,330,000)
Commercial Real Estate Portfolio Segment [Member]
Real estate - residential mortgage:
Loans receivable	203,407,488	208,824,573
Commercial Portfolio Segment [Member]
Real estate - residential mortgage:
Loans receivable	82,730,366	81,006,897
Less:
Allowance for loan losses	(1,503,000)	(1,382,000)	(1,804,000)	(1,954,000)
Consumer Portfolio Segment [Member] | Other Loans [Member]
Real estate - residential mortgage:
Loans receivable	21,938,117	21,991,881
Less:
Allowance for loan losses	$ (270,000)	$ (223,000)	$ (221,000)	$ (185,000)

Note 4 - Loans and Allowance 30

Note 4 - Loans and Allowance for Loan Losses (Details) - Loans by Aging - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Real estate - residential mortgage:
Loans receivable, past due	$ 8,866,000	$ 2,689,000
Loans receivable, current	487,642,000	494,458,000
Loans receivable	496,507,881	497,147,333
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	6,343,000	90,000
Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	123,000	176,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	2,400,000	2,423,000
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Real estate - residential mortgage:
Loans receivable, past due	741,000	273,000
Loans receivable, current	98,110,000	97,984,000
Loans receivable	98,851,219	98,257,417
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	549,000	0
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	97,000	168,000
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	95,000	105,000
Residential Portfolio Segment [Member] | Multi-family Units [Member]
Real estate - residential mortgage:
Loans receivable, past due	0	0
Loans receivable, current	37,449,000	41,604,000
Loans receivable	37,448,634	41,603,670
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	52,132,000	45,463,000
Loans receivable	52,132,057	45,462,895
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	6,708,000	1,079,000
Loans receivable, current	196,700,000	207,745,000
Loans receivable	203,407,488	208,824,573
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	5,688,000	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	1,020,000	1,079,000
Commercial Portfolio Segment [Member]
Real estate - residential mortgage:
Loans receivable, past due	1,349,000	1,327,000
Loans receivable, current	81,381,000	79,680,000
Loans receivable	82,730,366	81,006,897
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	104,000	88,000
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	6,000	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	1,239,000
Consumer Portfolio Segment [Member] | Other Loans [Member]
Real estate - residential mortgage:
Loans receivable, past due	68,000	10,000
Loans receivable, current	21,870,000	21,982,000
Loans receivable	21,938,117	21,991,881
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	2,000
Consumer Portfolio Segment [Member] | Other Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate - residential mortgage:
Loans receivable, past due	20,000	8,000
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	$ 46,000	$ 0

Note 4 - Loans and Allowance 31

Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccruing Loans - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Real estate - residential mortgage:
Nonaccruing loans	$ 13,513,628	$ 13,755,475
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Real estate - residential mortgage:
Nonaccruing loans	2,327,991	2,272,535
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	8,071,840	8,079,807
Commercial Real Estate Portfolio Segment [Member]
Real estate - residential mortgage:
Nonaccruing loans	1,181,609	1,240,909
Commercial Portfolio Segment [Member]
Real estate - residential mortgage:
Nonaccruing loans	1,872,808	2,149,333
Consumer Portfolio Segment [Member] | Other Loans [Member]
Real estate - residential mortgage:
Nonaccruing loans	$ 59,380	$ 12,891

Note 4 - Loans and Allowance 32

Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance for Loan Losses - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of period	$ 5,811,940	$ 6,589,000
Provision charged to expense	375,000	150,000
Losses charged off	(29,000)	(18,000)
Recoveries	27,000	35,000
Balance, end of period	6,185,231	6,756,000
Ending balance: individually evaluated for impairment	1,036,000		$ 865,000
Ending balance: collectively evaluated for impairment	5,149,000		4,947,000
Loans:
Loans ending balance: individually evaluated for impairment	13,622,000		14,730,000
Loans ending balance: collectively evaluated for impairment	482,886,000		482,417,000
Residential Portfolio Segment [Member] | Construction Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of period	1,246,000	1,330,000
Provision charged to expense	621,000	24,000
Losses charged off	0	0
Recoveries	1,000	7,000
Balance, end of period	1,868,000	1,361,000
Ending balance: individually evaluated for impairment	540,000		540,000
Ending balance: collectively evaluated for impairment	1,328,000		706,000
Loans:
Loans ending balance: individually evaluated for impairment	8,072,000		8,080,000
Loans ending balance: collectively evaluated for impairment	44,060,000		37,383,000
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of period	821,000	900,000
Provision charged to expense	(3,000)	(24,000)
Losses charged off	0	0
Recoveries	8,000	8,000
Balance, end of period	826,000	884,000
Ending balance: individually evaluated for impairment	19,000		0
Ending balance: collectively evaluated for impairment	807,000		821,000
Loans:
Loans ending balance: individually evaluated for impairment	2,328,000		2,272,000
Loans ending balance: collectively evaluated for impairment	96,523,000		95,985,000
Residential Portfolio Segment [Member] | Multi-family Units [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of period	177,000	127,000
Provision charged to expense	(18,000)	6,000
Losses charged off	0	0
Recoveries	0	0
Balance, end of period	159,000	133,000
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	159,000		177,000
Loans:
Loans ending balance: individually evaluated for impairment	0		0
Loans ending balance: collectively evaluated for impairment	37,449,000		41,604,000
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of period	1,526,000	1,992,000
Provision charged to expense	(46,000)	(6,000)
Losses charged off	0	0
Recoveries	6,000	0
Balance, end of period	1,486,000	1,986,000
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	1,486,000		1,526,000
Loans:
Loans ending balance: individually evaluated for impairment	1,182,000		1,241,000
Loans ending balance: collectively evaluated for impairment	202,226,000		207,583,000
Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of period	1,382,000	1,954,000
Provision charged to expense	121,000	(151,000)
Losses charged off	0	0
Recoveries	0	1,000
Balance, end of period	1,503,000	1,804,000
Ending balance: individually evaluated for impairment	463,000		312,000
Ending balance: collectively evaluated for impairment	1,040,000		1,070,000
Loans:
Loans ending balance: individually evaluated for impairment	1,873,000		2,149,000
Loans ending balance: collectively evaluated for impairment	80,857,000		78,858,000
Consumer Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of period	223,000	185,000
Provision charged to expense	64,000	35,000
Losses charged off	(29,000)	(18,000)
Recoveries	12,000	19,000
Balance, end of period	270,000	221,000
Ending balance: individually evaluated for impairment	14,000		13,000
Ending balance: collectively evaluated for impairment	256,000		210,000
Loans:
Loans ending balance: individually evaluated for impairment	167,000		988,000
Loans ending balance: collectively evaluated for impairment	21,771,000		21,004,000
Unallocated [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of period	437,000	101,000
Provision charged to expense	(364,000)	266,000
Losses charged off	0	0
Recoveries	0	0
Balance, end of period	73,000	$ 367,000
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	73,000		437,000
Loans:
Loans ending balance: individually evaluated for impairment	0		0
Loans ending balance: collectively evaluated for impairment	$ 0		$ 0

Note 4 - Loans and Allowance 33

Note 4 - Loans and Allowance for Loan Losses (Details) - Impaired Loans - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Loans with a specific valuation allowance
Valuation allowance	$ 1,036		$ 865
Total
Loans recorded balance	13,622		14,730
Loans unpaid principal	16,413		17,521
Valuation allowance	1,036		865
Loans average investment in impaired loans	13,710	$ 5,531
Loans interest income recognized	0	0
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Loans without a specific valuation allowance
Loans without a specific valuation allowance, recorded balance	2,231		2,272
Loans without a specific valuation allowance, unpaid principal	2,231		2,272
Loans without a specific valuation allowance, average investment in impaired loans	2,240	709
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	97		0
Loans with a specific valuation allowance, unpaid principal	97		0
Valuation allowance	19		0
Loans with a specific valuation allowance, average investment in impaired loans	32	550
Loans with a specific valuation allowance, interest income recognized	0	0
Total
Loans recorded balance	2,328		2,272
Loans unpaid principal	2,328		2,272
Valuation allowance	19		0
Loans average investment in impaired loans	2,272	1,259
Loans interest income recognized	0	0
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	0
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
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	5,722		5,730
Loans without a specific valuation allowance, unpaid principal	5,722		5,730
Loans without a specific valuation allowance, average investment in impaired loans	5,725	74
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		2,350
Loans with a specific valuation allowance, unpaid principal	4,838		4,838
Valuation allowance	540		540
Loans with a specific valuation allowance, average investment in impaired loans	2,350	2,750
Loans with a specific valuation allowance, interest income recognized	0	0
Total
Loans recorded balance	8,072		8,080
Loans unpaid principal	10,560		10,568
Valuation allowance	540		540
Loans average investment in impaired loans	8,075	2,824
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	1,182		1,241
Loans without a specific valuation allowance, unpaid principal	1,182		1,241
Loans without a specific valuation allowance, average investment in impaired loans	1,201	0
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	1,182		1,241
Loans unpaid principal	1,182		1,241
Valuation allowance	0		0
Loans average investment in impaired loans	1,201	0
Loans interest income recognized	0	0
Commercial Portfolio Segment [Member]
Loans without a specific valuation allowance
Loans without a specific valuation allowance, recorded balance	1,000		1,538
Loans without a specific valuation allowance, unpaid principal	1,000		1,538
Loans without a specific valuation allowance, average investment in impaired loans	1,352	336
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	873		611
Loans with a specific valuation allowance, unpaid principal	1,176		914
Valuation allowance	463		312
Loans with a specific valuation allowance, average investment in impaired loans	699	623
Loans with a specific valuation allowance, interest income recognized	0	0
Total
Loans recorded balance	1,873		2,149
Loans unpaid principal	2,176		2,452
Valuation allowance	463		312
Loans average investment in impaired loans	2,051	959
Loans interest income recognized	0	0
Consumer Portfolio Segment [Member] | Other Loans [Member]
Loans without a specific valuation allowance
Loans without a specific valuation allowance, recorded balance	59		904
Loans without a specific valuation allowance, unpaid principal	59		904
Loans without a specific valuation allowance, average investment in impaired loans	28	489
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	108		84
Loans with a specific valuation allowance, unpaid principal	108		84
Valuation allowance	14		13
Loans with a specific valuation allowance, average investment in impaired loans	83	0
Loans with a specific valuation allowance, interest income recognized	0	0
Total
Loans recorded balance	167		988
Loans unpaid principal	167		988
Valuation allowance	14		$ 13
Loans average investment in impaired loans	111	489
Loans interest income recognized	$ 0	$ 0

Note 4 - Loans and Allowance 34

Note 4 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructurings - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable, Modifications [Line Items]
TDRs, carrying balance	$ 11,183,539	$ 11,240,738
Residential Portfolio Segment [Member] | One-to-four Family Units [Member]
Financing Receivable, Modifications [Line Items]
TDRs, carrying balance	1,522,938	1,556,964
Residential Portfolio Segment [Member] | Multi-family Units [Member]
Financing Receivable, Modifications [Line Items]
TDRs, carrying balance	0	0
Residential Portfolio Segment [Member] | Construction Loans [Member]
Financing Receivable, Modifications [Line Items]
TDRs, carrying balance	8,071,840	8,079,807
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
TDRs, carrying balance	161,491	161,491
Commercial Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
TDRs, carrying balance	1,427,270	1,442,476
Consumer Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable, Modifications [Line Items]
TDRs, carrying balance	$ 0	$ 0

Note 4 - Loans and Allowance 35

Note 4 - Loans and Allowance for Loan Losses (Details) - Loan Portfolio by Credit Quality - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Rating:
Loans receivable	$ 496,507,881	$ 497,147,333
Pass [Member]
Rating:
Loans receivable	459,287,000	463,666,000
Special Mention [Member]
Rating:
Loans receivable	12,744,000	9,243,000
Substandard [Member]
Rating:
Loans receivable	23,874,000	23,635,000
Doubtful [Member]
Rating:
Loans receivable	603,000	603,000
Residential Portfolio Segment [Member] | Construction Loans [Member]
Rating:
Loans receivable	52,132,057	45,462,895
Residential Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member]
Rating:
Loans receivable	44,060,000	37,383,000
Residential Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member]
Rating:
Loans receivable	0	0
Residential Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member]
Rating:
Loans receivable	8,072,000	8,080,000
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	98,851,219	98,257,417
Residential Portfolio Segment [Member] | One-to-four Family Units [Member] | Pass [Member]
Rating:
Loans receivable	92,170,000	91,267,000
Residential Portfolio Segment [Member] | One-to-four Family Units [Member] | Special Mention [Member]
Rating:
Loans receivable	3,061,000	3,319,000
Residential Portfolio Segment [Member] | One-to-four Family Units [Member] | Substandard [Member]
Rating:
Loans receivable	3,620,000	3,671,000
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	37,448,634	41,603,670
Residential Portfolio Segment [Member] | Multi-family Units [Member] | Pass [Member]
Rating:
Loans receivable	37,449,000	41,604,000
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	203,407,488	208,824,573
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Rating:
Loans receivable	189,347,000	198,230,000
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Rating:
Loans receivable	7,566,000	3,657,000
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Rating:
Loans receivable	6,495,000	6,937,000
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Rating:
Loans receivable	0	0
Commercial Portfolio Segment [Member]
Rating:
Loans receivable	82,730,366	81,006,897
Commercial Portfolio Segment [Member] | Pass [Member]
Rating:
Loans receivable	74,610,000	73,407,000
Commercial Portfolio Segment [Member] | Special Mention [Member]
Rating:
Loans receivable	2,117,000	2,267,000
Commercial Portfolio Segment [Member] | Substandard [Member]
Rating:
Loans receivable	5,400,000	4,730,000
Commercial Portfolio Segment [Member] | Doubtful [Member]
Rating:
Loans receivable	603,000	603,000
Consumer Portfolio Segment [Member] | Other Loans [Member]
Rating:
Loans receivable	21,938,117	21,991,881
Consumer Portfolio Segment [Member] | Other Loans [Member] | Pass [Member]
Rating:
Loans receivable	21,651,000	21,775,000
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	287,000	217,000
Consumer Portfolio Segment [Member] | Other Loans [Member] | Doubtful [Member]
Rating:
Loans receivable	$ 0	$ 0

Note 5 - Benefit Plans (Details

Note 5 - Benefit Plans (Details) - USD ($)	1 Months Ended		3 Months Ended
	Feb. 29, 2016	Feb. 28, 2015	Mar. 31, 2016	Mar. 31, 2015
Note 5 - Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value			$ 153,353	$ 201,406
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value			401,385	655,060
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value			0	136,394
Allocated Share-based Compensation Expense			$ 86,857	$ 164,915
Director [Member] | 2010 Equity Plan [Member]
Note 5 - Benefit Plans (Details) [Line Items]
Restricted Stock or Unit Expense		$ 122,476
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures (in Shares)		8,281
Restricted Stock [Member]
Note 5 - Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)			23,929
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period (in Shares)			1,454
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)			$ 15
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized			$ 582,717
Restricted Stock [Member] | Director [Member] | 2015 Equity Plan [Member]
Note 5 - Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)	9,336
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)	$ 15
Restricted Stock or Unit Expense			$ 30,691
Restricted Stock [Member] | Director [Member] | 2010 Equity Plan [Member]
Note 5 - Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)		$ 14.79
Restricted Stock [Member] | Officer [Member]
Note 5 - Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)			14,593	17,704
Restricted Stock or Unit Expense			$ 56,166	$ 42,439
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Cliff Vesting Period			3 years	3 years
Restricted Stock [Member] | Share-based Compensation Award, Tranche One [Member] | Director [Member] | 2015 Equity Plan [Member]
Note 5 - Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period (in Shares)	1,167
Restricted Stock [Member] | Share-based Compensation Award, Tranche Two [Member] | Director [Member] | 2015 Equity Plan [Member]
Note 5 - Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period (in Shares)	8,167
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year

Note 5 - Benefit Plans (Detai37

Note 5 - Benefit Plans (Details) - Stock Option Activity	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Note 5 - Benefit Plans (Details) - Stock Option Activity [Line Items]
Balance outstanding as of January 1, 2016 (in Dollars per share) | $ / shares	$ 19.58
Balance outstanding as of March 31, 2016 (in Dollars per share) | $ / shares	20.92
Options exercisable as of March 31, 2016 (in Dollars per share) | $ / shares	20.92
Granted (in Dollars per share) | $ / shares	0
Exercised (in Dollars per share) | $ / shares	5.19
Forfeited (in Dollars per share) | $ / shares	$ 28.34
Incentive Stock Options [Member]
Note 5 - Benefit Plans (Details) - Stock Option Activity [Line Items]
Balance outstanding as of January 1, 2016	91,500
Balance outstanding as of March 31, 2016	76,500
Options exercisable as of March 31, 2016	76,500
Granted	0
Exercised	(10,000)
Forfeited	(5,000)
Non-Incentive Stock Options [Member]
Note 5 - Benefit Plans (Details) - Stock Option Activity [Line Items]
Balance outstanding as of January 1, 2016	57,500
Balance outstanding as of March 31, 2016	52,500
Options exercisable as of March 31, 2016	52,500
Granted	0
Exercised	(5,000)
Forfeited	0

Note 5 - Benefit Plans (Detai38

Note 5 - Benefit Plans (Details) - Restricted Stock - Restricted Stock [Member]	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Note 5 - Benefit Plans (Details) - Restricted Stock [Line Items]
Balance of shares non-vested as of January 1, 2016 | shares	43,477
Balance of shares non-vested as of January 1, 2016 | $ / shares	$ 12.75
Granted | shares	23,929
Granted | $ / shares	$ 15
Vested | shares	(1,454)
Vested | $ / shares	$ 15
Forfeited | shares	0
Forfeited | $ / shares	$ 0
Balance of shares non-vested as of March 31, 2016 | shares	65,952
Balance of shares non-vested as of March 31, 2016 | $ / shares	$ 13.52

Note 6 - Income Per Common Sh39

Note 6 - Income Per Common Share (Details) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Employee Stock Option [Member]
Note 6 - Income Per Common Share (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	83,500	108,500

Note 6 - Income Per Common Sh40

Note 6 - Income Per Common Share (Details) - Income Per Share - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Per Share [Abstract]
Basic Income per Common Share (in Dollars)	$ 1,276,605	$ 1,329,544
Basic Income per Common Share	4,360,244	4,315,229
Basic Income per Common Share (in Dollars per share)	$ 0.29	$ 0.31
Effect of Dilutive Securities	50,035	58,772
Diluted Income per Common Share (in Dollars)	$ 1,276,605	$ 1,329,544
Diluted Income per Common Share	4,410,279	4,374,001
Diluted Income per Common Share (in Dollars per share)	$ 0.29	$ 0.30

Note 8 - Disclosures about Fa41

Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	$ 103,724,659	$ 97,292,487
Equity Securities [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	86,234	99,517
US States and Political Subdivisions Debt Securities [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	37,999,947	31,349,162
Domestic Corporate Debt Securities [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	3,567,000	3,814,000
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	62,071,498	53,633,324
US Government Agencies Debt Securities [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities		8,396,784
Fair Value, Inputs, Level 1 [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	86,000	99,000
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	86,000	99,000
Fair Value, Inputs, Level 2 [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	103,639,000	97,193,000
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	38,000,000	31,349,000
Fair Value, Inputs, Level 2 [Member] | Domestic Corporate Debt Securities [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	3,567,000	3,814,000
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities	$ 62,072,000	53,633,000
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Recurring Basis [Line Items]
Available-for-sale securities		$ 8,397,000

Note 8 - Disclosures about Fa42

Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Non-recurring Basis - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Impaired Loans [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Non-recurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	$ 12,540	$ 12,923
Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Non-recurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	0	0
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Non-recurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	12,540	12,923
Foreclosed Assets Held-for-sale [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Non-recurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	0	0
Foreclosed Assets Held-for-sale [Member] | Fair Value, Inputs, Level 1 [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Non-recurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	0	0
Foreclosed Assets Held-for-sale [Member] | Fair Value, Inputs, Level 3 [Member]
Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Assets Measured on Non-recurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	$ 0	$ 0

Note 8 - Disclosures about Fa43

Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value Quantitative Information - Fair Value, Inputs, Level 3 [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets, fair value (in Dollars)	$ 4,554
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)	$ 7,986
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	38.00%
Weighted average	(38.00%)
Maximum [Member] | Income Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	41.00%
Weighted average	(41.00%)
Weighted Average [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	6.00%
Weighted average	(6.00%)
Weighted Average [Member] | Income Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	3.00%
Weighted average	(3.00%)

Note 8 - Disclosures about Fa44

Note 8 - Disclosures about Fair Value of Assets and Liabilities (Details) - Fair Value of Financial Instruments - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Financial assets:
Cash and cash equivalents	$ 17,621,871	$ 18,774,419	$ 44,056,887	$ 12,493,890
Held-to-maturity securities	38,781	43,099
Federal Home Loan Bank stock	2,867,000	2,837,500
Mortgage loans held for sale	1,517,016	1,902,933
Loans, net	490,064,640	491,001,907
Financial liabilities:
Deposits	519,063,768	517,385,695
Subordinated debentures	15,465,000	15,465,000
Interest payable	190,573	196,102
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	17,621,871	18,774,419
Cash and cash equivalents	17,621,871	18,774,419
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Held-to-maturity securities	38,781	43,099
Held-to-maturity securities	39,553	43,935
Federal Home Loan Bank stock	2,867,000	2,837,500
Federal Home Loan Bank stock	2,867,000	2,837,500
Mortgage loans held for sale	1,517,016	1,902,933
Mortgage loans held for sale	1,517,016	1,902,933
Interest receivable	1,769,927	1,986,692
Financial liabilities:
Deposits	519,063,768	517,385,695
Deposits	506,125,859	511,225,380
Federal Home Loan Bank advances	52,100,000	52,100,000
Federal Home Loan Bank advances	53,440,089	53,227,960
Interest payable	190,573	196,102
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Loans, net	490,064,640	491,001,907
Loans, net	490,230,468	495,207,798
Financial liabilities:
Subordinated debentures	15,465,000	15,465,000
Subordinated debentures	$ 15,465,000	$ 15,465,000