Guaranty Federal Bancshares (GFED) 10-K 24 Mar 17 2016 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Mar. 15, 2017	Jun. 30, 2016
Document Information [Line Items]
Entity Registrant Name	Guaranty Federal Bancshares Inc
Entity Central Index Key	1,046,203
Trading Symbol	gfed
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		4,421,275
Entity Public Float			$ 63.3
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 3,769,478	$ 3,561,272
Interest-bearing deposits in other financial institutions	5,318,963	15,213,147
Cash and cash equivalents	9,088,441	18,774,419
Available-for-sale securities	92,399,235	97,292,487
Held-to-maturity securities	27,528	43,099
Stock in Federal Home Loan Bank, at cost	4,611,000	2,837,500
Mortgage loans held for sale	2,183,633	1,902,933
Loans receivable, net of allowance for loan losses at December 31, 2016 and 2015 - $5,742,449 and $5,811,940, respectively	538,273,640	491,001,907
Accrued interest receivable	1,947,063	1,986,692
Prepaid expenses and other assets	2,961,336	3,525,032
Foreclosed assets held for sale	2,682,353	2,391,727
Premises and equipment, net	10,871,039	10,540,428
Bank owned life insurance	19,272,893	18,779,915
Deferred and receivable income taxes	3,661,658	3,758,933
	687,979,819	652,835,072
LIABILITIES
Deposits	505,362,750	517,385,695
Federal Home Loan Bank advances	95,700,000	52,100,000
Subordinated debentures	15,465,000	15,465,000
Advances from borrowers for taxes and insurance	192,460	190,853
Accrued expenses and other liabilities	1,077,396	1,074,957
Accrued interest payable	207,833	196,102
	618,005,439	586,412,607
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Common stock, $0.10 par value; authorized 10,000,000 shares; issued December 31, 2016 and 2015 - 6,875,503 and 6,859,003 shares, respectively	687,550	685,900
Additional paid-in capital	50,552,077	50,441,464
Retained earnings, substantially restricted	57,347,282	53,258,126
Accumulated other comprehensive loss
Unrealized loss on available-for-sale securities, net of income taxes; December 31, 2016 and 2015 - ($768,879) and ($401,688), respectively	(1,309,241)	(683,956)
	107,277,668	103,701,534
Treasury stock, at cost; December 31, 2016 and 2015 - 2,465,476 and 2,466,462 shares, respectively	(37,303,288)	(37,279,069)
	69,974,380	66,422,465
	$ 687,979,819	$ 652,835,072

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Loans receivable, allowance for loan losses	$ 5,742,449	$ 5,811,940
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, authorized (in shares)	10,000,000	10,000,000
Common stock, issued (in shares)	6,875,503	6,859,003
Treasury stock, shares (in shares)	2,465,476	2,466,462

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interest Income
Loans	$ 23,314,776	$ 23,564,766	$ 23,254,863
Investment securities	1,895,395	1,483,772	1,627,460
Other	179,155	141,096	131,991
	25,389,326	25,189,634	25,014,314
Interest Expense
Deposits	2,283,982	2,423,871	2,329,090
Federal Home Loan Bank advances	1,313,620	1,196,393	1,202,383
Subordinated debentures	579,410	538,785	533,207
Securities sold under agreements to repurchase		120,833	264,625
	4,177,012	4,279,882	4,329,305
Net Interest Income	21,212,314	20,909,752	20,685,009
Provision for Loan Losses	1,375,000	600,000	1,275,000
Net Interest Income After Provision for Loan Losses	19,837,314	20,309,752	19,410,009
Noninterest Income
Service charges	1,134,664	1,214,880	1,264,027
Gain on sale of investment securities	192,537	187,090	34,163
Gain on sale of mortgage loans held for sale	1,708,478	1,396,358	913,258
Gain on sale of Small Busines Administration loans	297,462	344,818
Net gain (loss) on foreclosed assets	1,270	(164,663)	(213,239)
Other income	1,535,796	1,499,589	1,351,910
	4,870,207	4,478,072	3,350,119
Noninterest Expense
Salaries and employee benefits	10,686,564	9,805,337	8,895,353
Occupancy	1,827,209	1,904,886	1,697,190
FDIC deposit insurance premiums	350,475	447,044	448,675
Prepayment penalty on repurchase agreements		463,992
Data processing	889,575	790,928	685,028
Advertising	525,000	525,000	425,004
Other expense	2,821,923	2,672,541	2,713,674
	17,100,746	16,609,728	14,864,924
Income Before Income Taxes	7,606,775	8,178,096	7,895,204
Provision for Income Taxes	2,012,764	2,461,329	2,112,508
Net Income	5,594,011	5,716,767	5,782,696
Preferred Stock Dividends and Discount Accretion			357,210
Net Income Available to Common Shareholders	$ 5,594,011	$ 5,716,767	$ 5,425,486
Basic Income Per Common Share (in dollars per share)	$ 1.28	$ 1.32	$ 1.35
Diluted Income Per Common Share (in dollars per share)	$ 1.27	$ 1.30	$ 1.33

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
NET INCOME	$ 5,594,011	$ 5,716,767	$ 5,782,696
OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS):
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes	(799,869)	(186,775)	3,300,555
Less: Reclassification adjustment for realized gains on investment securities included in net income, before income taxes	(192,537)	(187,090)	(34,163)
Total other items in comprehensive income (loss)	(992,406)	(373,865)	3,266,392
Income tax expense (credit) related to other items of comprehensive income	(367,121)	(138,330)	1,208,565
Other comprehensive income (loss)	(625,285)	(235,535)	2,057,827
TOTAL COMPREHENSIVE INCOME	$ 4,968,726	$ 5,481,232	$ 7,840,523

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 5,594,011	$ 5,716,767	$ 5,782,696
Items not requiring (providing) cash:
Deferred income taxes	123,091	320,738	657,573
Depreciation	845,221	918,441	755,937
Provision for Loan Losses	1,375,000	600,000	1,275,000
Gain on sale of Small Business Administration loans	(297,462)	(344,818)
Gain on sale of mortgage loans held for sale and investment securities	(1,901,015)	(1,758,087)	(1,015,766)
Loss (gain) on sale of foreclosed assets	(112,576)	104,670	131,840
Amortization of deferred income, premiums and discounts, net	665,361	704,985	825,906
Stock award plans	373,782	285,589	242,189
Origination of loans held for sale	(63,974,589)	(56,515,986)	(34,694,993)
Proceeds from sale of loans held for sale	65,402,367	57,398,682	35,085,396
Increase in cash surrender value of bank owned life insurance	(492,978)	(362,695)	(373,523)
Changes in:
Accrued interest receivable	39,629	43,366	(177,417)
Prepaid expenses and other assets	563,696	1,005,159	1,006,688
Accrued expenses and other liabilities	(75,505)	(69,305)	(185,259)
Income taxes receivable/payable	341,305	(208,412)	183,722
Net cash provided by operating activities	8,469,338	7,839,094	9,499,989
Net change in loans	(51,498,165)	(4,870,934)	(23,700,987)
Principal payments on held-to-maturity securities	15,571	17,894	18,169
Principal payments on available-for-sale securities	8,884,281	10,445,669	9,698,931
Purchase of available-for-sale securities	(82,423,495)	(55,150,017)	(40,823,180)
Proceeds from sales of available-for-sale securities	76,480,961	33,059,741	41,759,062
Proceeds from maturities of available-for-sale securities	535,000		3,151,000
Purchase of premises and equipment	(1,175,832)	(856,106)	(471,980)
Purchase of bank owned life insurance		(4,000,000)
(Purchase) redemption of Federal Home Loan Bank stock	(1,773,500)	319,400	(271,800)
Proceeds from sale of foreclosed assets held for sale	2,922,119	797,876	657,431
Net cash used in investing activities	(48,033,060)	(20,236,477)	(9,983,354)
CASH FLOWS FROM FINANCING ACTIVITIES
NOW accounts and savings accounts	(8,163,633)	43,000,898	(4,908,937)
Net decrease in certificates of deposit	(3,859,312)	(5,433,485)	(2,591,720)
Repayment of securities sold under agreements to repurchase		(10,000,000)
Proceeds from FHLB and Federal Reserve advances	223,099,999		8,000,000
Repayments of FHLB and Federal Reserve advances	(179,499,999)	(8,250,000)	(3,000,000)
Proceeds from Issuance of Common Stock			15,814,312
Advances from (repayments to) borrowers for taxes and insurance	1,607	46,869	(5,684)
Redemption of preferred stock			(12,000,000)
Proceeds from Stock options exercised	85,800	187,129	210,870
Common and preferred cash dividends paid	(1,415,180)	(873,499)	(844,786)
Treasury stock purchased	(371,538)
Net cash provided by financing activities	29,877,744	18,677,912	674,055
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(9,685,978)	6,280,529	190,690
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	18,774,419	12,493,890	12,303,200
CASH AND CASH EQUIVALENTS, END OF YEAR	9,088,441	18,774,419	12,493,890
Supplemental Cash Flows Information
Real estate acquired in settlement of loans	3,228,589	190,026	371,971
Interest paid	4,165,281	4,325,925	4,337,521
Income taxes paid, net of (refunds)	724,000	1,445,000	360,000
Sale and financing of foreclosed assets held for sale	$ 149,920	$ 61,200	$ 239,229

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2013	$ 11,983,790	$ 678,360	$ 57,655,031	$ (61,225,185)	$ 43,769,485	$ (2,506,248)	$ 50,355,233
Net income					5,782,696		5,782,696
Change in unrealized gain (loss) on available-for-sale securities, net of income taxes						2,057,827	2,057,827
Preferred stock redeemed	(12,000,000)						(12,000,000)
Preferred stock discount accretion	16,210				(16,210)
Preferred stock dividends (5%)					(338,000)		(338,000)
Dividends on common stock					(648,280)		(648,280)
Stock award plans			(644,722)	886,911			242,189
Stock options exercised		3,960	206,910				210,870
Proceeds from issuance of common stock			(6,850,673)	22,664,985			15,814,312
Balance at Dec. 31, 2014		682,320	50,366,546	(37,673,289)	48,549,691	(448,421)	61,476,847
Net income					5,716,767		5,716,767
Change in unrealized gain (loss) on available-for-sale securities, net of income taxes						(235,535)	(235,535)
Dividends on common stock					(1,008,332)		(1,008,332)
Stock award plans			(108,631)	394,220			285,589
Stock options exercised		3,580	183,549				187,129
Balance at Dec. 31, 2015		685,900	50,441,464	(37,279,069)	53,258,126	(683,956)	66,422,465
Net income					5,594,011		5,594,011
Change in unrealized gain (loss) on available-for-sale securities, net of income taxes						(625,285)	(625,285)
Dividends on common stock					(1,504,855)		(1,504,855)
Stock award plans			26,463	347,319			373,782
Stock options exercised		1,650	84,150				85,800
Balance at Dec. 31, 2016		687,550	50,552,077	(37,303,288)	57,347,282	(1,309,241)	69,974,380
Treasury stock purchased				$ (371,538)			$ (371,538)

Consolidated Statement of Stoc8

Consolidated Statement of Stockholders' Equity (Parentheticals) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
AOCI Attributable to Parent [Member]
Income taxes	$ 367,121	$ 138,330	$ 1,208,565
Retained Earnings [Member]
Preferred stock dividends			5.00%
Dividends on common stock (in dollars per share)	$ 0.34	$ 0.23	$ 0.15

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 1: ACCOUNTING POLICIES Nature of Operations The Company operates as a one Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, the Bank. All significant intercompany profits, transactions and balances have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans and fair values. In connection with the determination of the allowance for loan losses and the valuation of foreclosed assets held for sale, management obtains independent appraisals for significant properties. Securities Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and recorded at amortized cost. Securities not classified as held to maturity are classified as “available-for-sale” and are carried at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income. Purchase premiums are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. For debt securities with fair value below carrying value, when the Company does not intend to sell a debt security, and it is more likely than not, the Company will not have to sell the security before a recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held-to-maturity debt securities, the amount of an other-than-temporary impairment recorded in other comprehensive income for the noncredit portion of a previous other-than-temporary impairment is amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. The Company’s consolidated statements of income reflect the full impairment (that is, the difference between the security’s amortized cost basis and fair value) on debt securities that the Company intends to sell or would more likely than not be required to sell before the expected recovery of the amortized cost basis. For available-for-sale and held-to-maturity debt securities that management has no intent to sell and believes that it more likely than not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the noncredit loss is recognized in accumulated other comprehensive income. The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections. Mortgage Loans Held for Sale Mortgage loans held for sale are carried at the lower of cost or fair value, determined using an aggregate basis. Write-downs to fair value are recognized as a charge to earnings at the time a decline in value occurs. Forward commitments to sell mortgage loans are sometimes acquired to reduce market risk on mortgage loans in the process of origination and mortgage loans held for sale. Gains and losses resulting from sales of mortgage loans are recognized when the respective loans are sold to investors. Gains and losses are determined by the difference between the selling price and the carrying amounts of the loans sold, and are recorded in noninterest income. Direct loan origination costs and fees are deferred at origination of the loan and are recognized in noninterest income upon sale of the loan. Loans For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees net of certain direct origination costs, are deferred and amortized as a level yield adjustment over the respective term of the loan. The accrual of interest on loans is discontinued at the time the loan is 90 All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Bank’s internal risk rating process. Other adjustments may A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Foreclosed Assets Held for Sale Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less costs to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less estimated costs to sell. Revenue and expenses from operations and changes in the valuation allowance are included in net expenses from foreclosed assets. Premises and Equipment Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line method over the estimated useful lives of the assets. The estimated useful lives for each major depreciable classification of premises and equipment are as follows: (in years) Buildings and improvements 35 - 40 Furniture and fixtures and vehicles 3 - 10 Bank Owned Life Insurance Bank owned life insurance policies are carried at their cash surrender value. The Company recognizes tax-free income from the periodic increases in cash surrender value of these policies and from death benefits. Income Taxes The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740, Income Taxes two Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 50 The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company files consolidated income tax returns with its subsidiary. With a few exceptions, the Company is no longer subject to U.S. federal or state income tax examinations by tax authorities for years before 2012. Cash Equivalents The Company considers all liquid investments with original maturities of three December 31, 2016 2015 Restriction on Cash and Due From Banks The Company is required to maintain reserve funds in cash and/or on deposit with the Federal Reserve Bank. The Company’s required reserve on December 31, 2016 $1,082,000. Comprehensive Income Comprehensive income consists of net income and other comprehensive income (loss), net of applicable income taxes. Other comprehensive income (loss) includes unrealized gain (loss) on available-for-sale securities, unrealized gain (loss) on available-for-sale securities for which a portion of an other-than-temporary impairment has been recognized in income and unrealized gain (loss) on held-to-maturity securities for which a portion of an other-than-temporary impairment has been recognized in income. Regulatory Matters The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct and material effect on the Company's consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Company’s regulators could require adjustments to regulatory capital not reflected in these financial statements. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below). Management believes, as of December 31, 2016 2015, As of December 31, 2016, 1 The Bank's actual capital amounts and ratios are also presented in the table. No amount was deducted from capital for interest-rate risk. Dollar amounts are expressed in thousands. To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2016 Tier 1 (core) capital, and ratio to adjusted total assets Bank $ 85,255 12.5 % $ 27,283 4.0 % $ 34,103 5.0 % Tier 1 (core) capital, and ratio to risk-weighted assets Bank $ 85,255 14.0 % $ 36,434 6.0 % $ 48,578 8.0 % Total risk-based capital, and ratio to risk-weighted assets Bank $ 90,997 15.0 % $ 48,578 8.0 % $ 60,723 10.0 % Common equity tier 1 capital ratio to risk-weighted assets Bank $ 85,255 14.0 % $ 27,325 4.5 % $ 39,470 6.5 % To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015 Tier 1 (core) capital, and ratio to adjusted total assets Bank $ 78,635 12.2 % $ 25,844 4.0 % $ 32,305 5.0 % Tier 1 (core) capital, and ratio to risk-weighted assets Bank $ 78,635 13.4 % $ 23,403 4.0 % $ 35,105 6.0 % Total risk-based capital, and ratio to risk-weighted assets Bank $ 84,447 14.4 % $ 46,806 8.0 % $ 58,508 10.0 % Common equity tier 1 capital ratio to risk-weighted assets Bank $ 78,635 13.4 % $ 26,329 4.5 % $ 38,030 6.5 % The above minimum capital requirements exclude the capital conversion buffer required to avoid limitations on capital distributions, including dividend payments and certain discretionary bonus payments to executive officers. The capital conservation buffer is being phased in from 0.0% 2015 2.50% 2019. 0.625% December 31, 2016. The amount of dividends that the Bank may December 31, 2016 2015 may Segment Information The principal business of the Company is overseeing the business of the Bank. The Company has no significant assets other than its investment in the Bank. The banking operation is the Company’s only reportable segment. The banking segment is principally engaged in the business of originating mortgage loans secured by one four General Litigation The Company and the Bank, from time to time, may December 31, 2016, Earnings Per Common Share The computation for earnings per common share for the years ended December 31, 2016, 2015 2014 Year Ended Year Ended Year Ended December 31, 2016 December 31, 2015 December 31, 2014 Net income available to common shareholders $ 5,594,011 $ 5,716,767 $ 5,425,486 Weighted average common shares outstanding 4,363,949 4,333,418 4,006,461 Effect of dilutive securities 56,299 55,931 68,040 Weighted average diluted shares outstanding 4,420,248 4,389,349 4,074,501 Basic income per common share $ 1.28 $ 1.32 $ 1.35 Diluted income per common share $ 1.27 $ 1.30 $ 1.33 Stock options to purchase 68,500, 88,500 131,500 December 31, 2016, 2015 2014, Reclassifications Certain reclassifications have been made to the 2015 2014 2016

Note 2 - Securities

Note 2 - Securities	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE 2: The amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities classified as available-for-sale are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of December 31, 2016 Debt Securities: Municipals $ 39,357,506 $ 65,673 $ (1,085,654 ) $ 38,337,525 Corporates 7,003,986 54,050 (4,514 ) 7,053,522 Government sponsored mortgage-backed securities and SBA loan pools 48,115,793 19,432 (1,127,037 ) 47,008,188 $ 94,477,285 $ 139,155 $ (2,217,205 ) $ 92,399,235 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 December 31, 2016: Maturities of Available for Sale Amortized Cost Approximate Fair Value 1-5 years $ 1,297,373 $ 1,299,297 5-10 years 11,327,059 11,187,770 After ten years 33,737,060 32,903,980 Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date 48,115,793 47,008,188 $ 94,477,285 $ 92,399,235 The amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities classified as held to maturity are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of December 31, 2016 Debt Securities: Government sponsored mortgage-backed securities $ 27,528 $ 625 $ - $ 28,153 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 December 31, 2016: Amortized Cost Approximate Fair Value Government sponsored mortgage-backed securities not due on a single maturity date $ 27,528 $ 28,153 The carrying value of securities pledged as collateral, to secure public deposits and for other purposes, amounted to $47,617,900 $52,095,842 December 31, 2016 2015, Gross gains of $261,875, $205,909 $320,888 $69,338, $18,819 $286,725 December 31, 2016, 2015 2014, $71,239, $69,223 $12,640 2016, 2015 2014, The Company evaluates all securities quarterly to determine if any unrealized losses are deemed to be other than temporary. Certain investment securities are valued less than their historical cost. These declines are primarily the result of the rate for these investments yielding less than current market rates, or declines in stock prices of equity securities. Based on evaluation of available evidence, management believes the declines in fair value for these securities are temporary. It is management’s intent to hold the debt securities to maturity or until recovery of the unrealized loss. Should the impairment of any of these debt securities become other than temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified, to the extent the loss is related to credit issues, and to other comprehensive income to the extent the decline on debt securities is related to other factors and the Company does not intend to sell the security prior to recovery of the unrealized loss. No December 31, 2016, 2015 2014. Certain other investments in debt and equity securities are reported in the consolidated financial statements at an amount less than their historical cost. Total fair value of these investments at December 31, 2016 2015, $79,361,229 $68,123,480, 86% 70% The following table shows gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2016 2015. December 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 Municipals $ 33,084,816 $ (1,082,021 ) $ 179,402 $ (3,633 ) $ 33,264,218 $ (1,085,654 ) Corporates 1,996,172 (3,828 ) 881,100 (686 ) 2,877,272 (4,514 ) Government sponsored mortgage-backed securities and SBA loan pools 39,570,463 (1,022,511 ) 3,649,276 (104,526 ) 43,219,739 (1,127,037 ) $ 74,651,451 $ (2,108,360 ) $ 4,709,778 $ (108,845 ) $ 79,361,229 $ (2,217,205 ) 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 3 - Loans and Allowance fo

Note 3 - Loans and Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 3: Categories of loans at December 31, 2016 2015 December 31, 2016 2015 Real estate - residential mortgage: One to four family units $ 106,410,559 $ 98,257,417 Multi-family 48,483,523 41,603,670 Real estate - construction 40,912,307 45,462,895 Real estate - commercial 249,580,873 208,824,573 Commercial loans 75,404,732 81,006,897 Consumer and other loans 23,606,306 21,991,881 Total loans 544,398,300 497,147,333 Less: Allowance for loan losses (5,742,449 ) (5,811,940 ) Deferred loan fees/costs, net (382,211 ) (333,486 ) Net loans $ 538,273,640 $ 491,001,907 Classes of loans by aging at December 31, 2016 2015 As of December 31, 2016 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 $ 367 $ 495 $ 103 $ 965 $ 105,446 $ 106,411 $ - Multi-family - - - - 48,483 48,483 - Real estate - construction - - - - 40,912 40,912 - Real estate - commercial - - - - 249,581 249,581 - Commercial loans - - 593 593 74,812 75,405 - Consumer and other loans - - 38 38 23,568 23,606 - Total $ 367 $ 495 $ 734 $ 1,596 $ 542,802 $ 544,398 $ - 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 $ - Nonaccruing loans are summarized as follows: December 31, 2016 2015 Real estate - residential mortgage: One to four family units $ 2,060,180 $ 2,272,535 Multi-family - - Real estate - construction 5,446,896 8,079,807 Real estate - commercial 161,491 1,240,909 Commercial loans 925,281 2,149,333 Consumer and other loans 37,791 12,891 Total $ 8,631,639 $ 13,755,475 The following tables present the activity in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of and for the years ended December 31, 2016, 2015 2014: As of December 31, 2016 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of year $ 1,246 $ 1,526 $ 821 $ 177 $ 1,382 $ 223 $ 437 $ 5,812 Provision charged to expense 1,262 198 48 29 (51 ) 215 (326 ) $ 1,375 Losses charged off (1,222 ) (69 ) (47 ) - (171 ) (190 ) - $ (1,699 ) Recoveries 91 32 34 - 8 89 - $ 254 Balance, end of year $ 1,377 $ 1,687 $ 856 $ 206 $ 1,168 $ 337 $ 111 $ 5,742 Ending balance: individually evaluated for impairment $ 302 $ - $ 14 $ - $ 241 $ 45 $ - $ 602 Ending balance: collectively evaluated for impairment $ 1,075 $ 1,687 $ 842 $ 206 $ 927 $ 292 $ 111 $ 5,140 Loans: Ending balance: individually evaluated for impairment $ 5,447 $ 161 $ 2,060 $ - $ 925 $ 106 $ - $ 8,699 Ending balance: collectively evaluated for impairment $ 35,465 $ 249,420 $ 104,351 $ 48,483 $ 74,480 $ 23,500 $ - $ 535,699 As of December 31, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of year $ 1,330 $ 1,992 $ 900 $ 127 $ 1,954 $ 185 $ 101 $ 6,589 Provision charged to expense 1,139 (466 ) - 50 (576 ) 117 336 $ 600 Losses charged off (1,233 ) - (99 ) - - (119 ) - $ (1,451 ) Recoveries 10 - 20 - 4 40 - $ 74 Balance, end of year $ 1,246 $ 1,526 $ 821 $ 177 $ 1,382 $ 223 $ 437 $ 5,812 Ending balance: individually evaluated for impairment $ 540 $ - $ - $ - $ 312 $ 13 $ - $ 865 Ending balance: collectively evaluated for impairment $ 706 $ 1,526 $ 821 $ 177 $ 1,070 $ 210 $ 437 $ 4,947 Loans: Ending balance: individually evaluated for impairment $ 8,080 $ 1,241 $ 2,272 $ - $ 2,149 $ 988 $ - $ 14,730 Ending balance: collectively evaluated for impairment $ 37,383 $ 207,583 $ 95,985 $ 41,604 $ 78,858 $ 21,004 $ - $ 482,417 As of December 31, 2014 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of year $ 2,387 $ 2,059 $ 997 $ 209 $ 1,519 $ 272 $ 359 $ 7,802 Provision charged to expense (651 ) (157 ) 21 (82 ) 2,388 14 (258 ) $ 1,275 Losses charged off (411 ) (9 ) (127 ) - (2,018 ) (150 ) - $ (2,715 ) Recoveries 5 99 9 - 65 49 - $ 227 Balance, end of year $ 1,330 $ 1,992 $ 900 $ 127 $ 1,954 $ 185 $ 101 $ 6,589 Ending balance: individually evaluated for impairment $ 376 $ 158 $ 36 $ - $ 203 $ 12 $ - $ 785 Ending balance: collectively evaluated for impairment $ 954 $ 1,834 $ 864 $ 127 $ 1,751 $ 173 $ 101 $ 5,804 Loans: Ending balance: individually evaluated for impairment $ 2,893 $ 460 $ 847 $ - $ 1,027 $ 801 $ - $ 6,028 Ending balance: collectively evaluated for impairment $ 33,892 $ 215,145 $ 97,054 $ 33,786 $ 91,087 $ 16,445 $ - $ 487,409 A loan is considered impaired, in accordance with the impairment accounting guidance (ASC- 310 10 35 16), The following summarizes impaired loans as of and for the years ended December 31, 2016 2015: As of December 31, 2016 Recorded Balance Unpaid Principal Balance Specific Allowance Average Investment in Impaired Loans Interest Income Recognized (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 2,006 $ 2,006 $ - $ 2,165 $ - Multi-family - - - - - Real estate - construction 3,017 3,017 - 5,427 - Real estate - commercial 161 161 - 540 - Commercial loans 622 622 - 868 - Consumer and other loans 3 3 - 90 2 Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 54 $ 54 $ 14 $ 27 $ - Multi-family - - - - - Real estate - construction 2,430 3,663 302 2,195 - Real estate - commercial - - - 139 - Commercial loans 303 755 241 447 - Consumer and other loans 103 103 45 112 - Total Real estate - residential mortgage: One to four family units $ 2,060 $ 2,060 $ 14 $ 2,192 $ - Multi-family - - - - - Real estate - construction 5,447 6,680 302 7,622 - Real estate - commercial 161 161 - 679 - Commercial loans 925 1,377 241 1,315 - Consumer and other loans 106 106 45 202 2 Total $ 8,699 $ 10,384 $ 602 $ 12,010 $ 2 As of December 31, 2015 Recorded Balance Unpaid Principal Balance Specific Allowance Average Investment in Impaired Loans Interest Income Recognized (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 2,272 $ 2,272 $ - $ 1,270 $ 3 Multi-family - - - - - Real estate - construction 5,730 5,730 - 1,636 - Real estate - commercial 1,241 1,241 - 234 - Commercial loans 1,538 1,538 - 665 - Consumer and other loans 904 904 - 88 1 Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ - $ - $ - $ 228 $ - Multi-family - - - - - Real estate - construction 2,350 4,838 540 3,255 - Real estate - commercial - - - - - Commercial loans 611 914 312 616 - Consumer and other loans 84 84 13 118 - Total Real estate - residential mortgage: One to four family units $ 2,272 $ 2,272 $ - $ 1,498 $ 3 Multi-family - - - - - Real estate - construction 8,080 10,568 540 4,891 - Real estate - commercial 1,241 1,241 - 234 - Commercial loans 2,149 2,452 312 1,281 - Consumer and other loans 988 988 13 206 1 Total $ 14,730 $ 17,521 $ 865 $ 8,110 $ 4 Interest of approximately $200,000 $8,665,000 December 31, 2014. At December 31, 2016, 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 The following summarizes information regarding new troubled debt restructurings by class: 2016 Number of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Real estate - residential mortgage: One to four family units - $ - $ - Multi-family - - - Real estate - construction - - - Real estate - commercial 1 5,575,358 5,575,358 Commercial loans 1 165,831 165,831 Consumer and other loans - - - Total 2 $ 5,741,189 $ 5,741,189 2015 Number of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Real estate - residential mortgage: One to four family units 7 $ 1,345,358 $ 1,345,358 Multi-family - - - Real estate - construction 5 6,889,044 5,655,969 Real estate - commercial 1 161,491 161,491 Commercial loans 3 750,849 771,557 Consumer and other loans - - - Total 16 $ 9,146,742 $ 7,934,375 The troubled debt restructurings described above increased the allowance for loan losses by $41,458 $0 $0 $1,233,075 December 31, 2016 2015, The following presents the troubled debt restructurings by type of modification: 2016 Interest Rate Term Combination Total Modification Real estate - residential mortgage: One to four family units $ - $ - $ - $ - Multi-family - - - - Real estate - construction - - - - Real estate - commercial - - 5,575,358 5,575,358 Commercial loans - 165,831 - 165,831 Consumer and other loans - - - - Total $ - $ 165,831 $ 5,575,358 $ 5,741,189 2015 Interest Rate Term Combination Total Modification Real estate - residential mortgage: One to four family units $ - $ - $ 1,345,358 $ 1,345,358 Multi-family - - - - Real estate - construction - - 5,655,969 5,655,969 Real estate - commercial - - 161,491 161,491 Commercial loans - 310,500 461,057 771,557 Consumer and other loans - - - - Total $ - $ 310,500 $ 7,623,875 $ 7,934,375 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 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 1 4 1 4 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 may 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 may Commercial: The commercial portfolio includes loans to commercial customers for use in financing working capital needs, equipment purchases and expansions. The loans in this category are repaid primarily from the cash flow of a borrower’s principal business operation. Credit risk in these loans is driven by creditworthiness of a borrower and the economic conditions that impact the cash flow stability from business operations. Consumer: The consumer loan portfolio consists of various term and line of credit loans such as automobile loans and loans for other personal purposes. Repayment for these types of loans will come from a borrower’s income sources that are typically independent of the loan purpose. Credit risk is driven by consumer economic factors (such as unemployment and general economic conditions in the Bank’s market area) and the creditworthiness of a borrower. The following table provides information about the credit quality of the loan portfolio using the Bank’s internal rating system as of December 31, 2016 2015: As of December 31, 2016 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Total (In Thousands) Rating: Pass $ 35,465 $ 242,200 $ 100,367 $ 48,483 $ 69,093 $ 23,380 $ 518,988 Special Mention - 5,922 2,591 - 4,503 - 13,016 Substandard 5,447 1,459 3,453 - 1,225 226 11,810 Doubtful - - - - 584 - 584 Total $ 40,912 $ 249,581 $ 106,411 $ 48,483 $ 75,405 $ 23,606 $ 544,398 As of December 31, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Total (In Thousands) Rating: Pass $ 37,383 $ 198,230 $ 91,267 $ 41,604 $ 73,407 $ 21,775 $ 463,666 Special Mention - 3,657 3,319 - 2,267 - 9,243 Substandard 8,080 6,937 3,671 - 4,730 217 23,635 Doubtful - - - - 603 - 603 Total $ 45,463 $ 208,824 $ 98,257 $ 41,604 $ 81,007 $ 21,992 $ 497,147 The weighted average interest rate on loans as of December 31, 2016 2015 4.81% 4.87%, The Bank serviced mortgage loans for others amounting to $54,722 $64,220 December 31, 2016 2015, $5,978,363 $7,629,058 December 31, 2016 2015,

Note 4 - Premises and Equipment

Note 4 - Premises and Equipment	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 4: Major classifications of premises and equipment, stated at cost, are as follows: December 31, December 31, 2016 2015 Land $ 2,251,789 $ 2,250,789 Buildings and improvements 11,850,553 11,791,945 Automobile 25,115 25,115 Furniture, fixtures and equipment 11,357,768 10,746,555 Leasehold improvements 271,799 271,799 25,757,024 25,086,203 Less accumulated depreciation (14,885,985 ) (14,545,775 ) Net premises and equipment $ 10,871,039 $ 10,540,428

Note 5 - Bank Owned Life Insura

Note 5 - Bank Owned Life Insurance	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Life Insurance, Corporate or Bank Owned [Text Block]	NOTE 5: The Company has purchased Bank owned life insurance on certain key members of management. Such policies are recorded at their cash surrender value, or the amount that can be realized. The increase in cash surrender value in excess of the single premium paid is reported as other noninterest income. The balance at December 31, 2016 2015 $19,272,893 $18,779,915,

Note 6 - Investments in Afforda

Note 6 - Investments in Affordable Housing Partnerships	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Investments In Affordable Housing Partnerships [Text Block]	NOTE 6: January 2015, 15 December 31, 2016 2015, $1,871,582 $2,688,704, The Company received income tax credits of $1,221,394, $1,221,394 $1,221,394 2016, 2015 2014, $817,122, $885,478 $885,478 2016, 2015 2014.

Note 7 - Deposits

Note 7 - Deposits	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	NOTE 7: Deposits are comprised of the following at December 31, 2016 2015: December 31, 2016 December 31, 2015 Weighted Average Rate Balance Percentage of Deposits Weighted Average Rate Balance Percentage of Deposits Demand 0.01 % $ 80,910,910 16.0 % 0.00 % $ 67,897,263 13.1 % NOW 0.30 % 129,137,807 25.6 % 0.31 % 137,472,955 26.6 % Money market 0.45 % 155,529,796 30.8 % 0.42 % 170,602,458 33.0 % Savings 0.20 % 28,095,248 5.5 % 0.20 % 25,864,718 5.0 % 0.29 % 393,673,761 77.9 % 0.30 % 401,837,394 77.7 % Certificates: 0.00% - 0.99% 0.54 % 57,349,324 11.3 % 0.54 % 61,061,577 11.7 % 1.00% - 1.99% 1.28 % 54,319,296 10.8 % 1.31 % 53,142,739 10.2 % 2.00% - 3.99% 2.14 % 20,369 0.0 % 2.17 % 1,343,985 0.3 % 0.90 % 111,688,989 22.1 % 0.91 % 115,548,301 22.3 % Total Deposits 0.43 % $ 505,362,750 100.0 % 0.43 % $ 517,385,695 100.0 % The aggregate amount of certificates of deposit with a minimum balance of $100,000 $63,697,000 $63,442,000, December 31, 2016 2015, $250,000 $11,798,000 $6,009,000, December 31, 2016 2015, A summary of certificates of deposit by maturity as of December 31, 2016, 2017 $ 71,182,536 2018 20,032,460 2019 10,262,403 2020 4,787,609 2021 4,003,063 Thereafter 1,420,918 $ 111,688,989 A summary of interest expense on deposits is as follows: Years ended December 31, 2016 2015 2014 NOW and Money Market accounts $ 1,235,359 $ 1,276,808 $ 1,242,158 Savings accounts 55,094 49,467 49,071 Certificate accounts 1,002,872 1,102,928 1,050,081 Early withdrawal penalties (9,343 ) (5,332 ) (12,220 ) $ 2,283,982 $ 2,423,871 $ 2,329,090 The Bank utilizes brokered deposits as an additional funding source. The aggregate amount of brokered deposits was approximately $41,456,000 $45,794,000 December 31, 2016 2015,

Note 8 - Borrowings

Note 8 - Borrowings	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 8: Federal Home Loan Bank Advances Federal Home Loan Bank advances consist of the following: December 31, 2016 December 31, 2015 Maturity Date Amount Weighted Average Rate Amount Weighted Average Rate 2017 43,600,000 0.79 % - 0.00 % 2018 50,000,000 2.14 % 50,000,000 2.14 % 2019 2,100,000 4.87 % 2,100,000 4.87 % $ 95,700,000 1.72 % $ 52,100,000 2.25 % The FHLB requires the Bank to maintain collateral in relation to outstanding balances of advances. For collateral purposes, the FHLB values mortgage loans free of other pledges, liens and encumbrances at 80% 95% 35% $59.8 December 31, 2016. Federal Reserve Bank Borrowings During 2008, $25.2 December 31, 2016. no December 31, 2016 2015. Securities Sold Under Agreements to Repurchase In January 2008, $30.0 three 2.65% January 2018. February 2010, Prior to the stated maturity date, the Company paid off one $15.0 May 2013 $5.0 November 2011. In June 2015, $10.0 $463,992.

Note 9 - Subordinated Debenture

Note 9 - Subordinated Debentures	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Subordinated Borrowings Disclosure [Text Block]	NOTE 9: SUBORDINATED DEBENTURES During 2005, two to issue preferred securities representing undivided beneficial interests in the assets of the trusts and to invest the gross proceeds of the preferred securities in notes of the Company. Trust I issued $5,000,000 $10,000,000 $5,155,000 2036, 2011. $10,310,000 2036, 2011. five

Note 10 - Income Taxes

Note 10 - Income Taxes	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 10: As of December 31, 2016 2015, $5,075,000 no $1,878,000 December 31, 2016 2015. The provision for income taxes consists of: Years Ended December 31, 2016 2015 2014 Taxes currently payable $ 1,889,673 $ 2,140,591 $ 1,445,947 Deferred income taxes 123,091 320,738 666,561 $ 2,012,764 $ 2,461,329 $ 2,112,508 The tax effects of temporary differences related to deferred taxes shown on the December 31, 2016 2015 December 31, December 31, 2016 2015 Deferred tax assets: Allowances for loan losses $ 1,952,433 $ 1,976,060 Writedowns on foreclosed assets held for sale 681,281 773,652 Deferred loan fees/costs 56,209 123,390 Unrealized depreciation on available-for-sale securities 768,879 401,688 Tax Credits 521,441 - Other 228,996 446,122 4,209,239 3,720,912 Deferred tax liabilities: FHLB stock dividends (46,481 ) (51,713 ) Accumulated depreciation (642,977 ) (368,245 ) Other (45,646 ) (70,849 ) (735,104 ) (490,807 ) Net deferred tax asset $ 3,474,135 $ 3,230,105 A reconciliation of income tax expense at the statutory rate to income tax expense at the Company’s effective rate is shown below: Years ended December 31, 2016 2015 2014 Computed at statutory rate 34.0 % 34.0 % 34.0 % Increase (reduction) in taxes resulting from: State financial institution tax and credits (1.1% ) (3.1% ) (3.4% ) Cash surrender value of life insurance (2.2% ) (1.5% ) (1.6% ) Tax exempt interest (3.7% ) (1.7% ) (1.4% ) Other (0.5% ) 2.4 % (0.8% ) Actual effective rate 26.5 % 30.1 % 26.8 %

Note 11 - Disclosures About Fai

Note 11 - Disclosures About Fair Value of Assets and Liabilities	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 11: ASC Topic 820, Fair Value Measurements 820 three may Level 1 Level 2 1 Level 3 The following is a description of the inputs and valuation methodologies used for assets measured at fair value on a recurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. Available-for-sale securities: 1 1 2 3 The following table presents the fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2016 2015 As of December 31, 2016 Financial assets: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Debt securities: Municipals $ - $ 38,338 $ - $ 38,338 Corporates - 7,053 - 7,053 Government sponsored mortgage-backed securities and SBA loan pools - 47,008 - 47,008 Available-for-sale securities $ - $ 92,399 $ - $ 92,399 As of December 31, 2015 Financial assets: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Equity securities: Other $ 99 $ - $ - $ 99 Debt securities: U.S. government agencies - 8,397 - 8,397 Municipals - 31,349 - 31,349 Corporates - 3,814 - 3,814 Government sponsored mortgage-backed securities and SBA loan pools - 53,633 - 53,633 Available-for-sale securities $ 99 $ 97,193 $ - $ 97,292 The following is a description of the valuation methodologies used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. Foreclosed Assets Held for Sale: 3 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 The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2016 2015 Impaired loans: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value December 31, 2016 $ - $ - $ 1,006 $ 1,006 December 31, 2015 $ - $ - $ 12,923 $ 12,923 Foreclosed assets held for sale: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value December 31, 2016 $ - $ - $ 149 $ 149 December 31, 2015 $ - $ - $ - $ - There were no transfers between valuation levels for any asset during the years ended December 31, 2016 2015. The following table presents quantitative information about unobservable inputs used in nonrecurring Level 3 Fair Value December 31, 2016 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans (collateral dependent) $ 1,006 Market Comparable Discount to reflect realizable value 0% - 100% (7%) Foreclosed assets held for sale $ 149 Market Comparable Discount to reflect realizable value 10% Fair Value December 31, 2015 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans (collateral dependent) $ 5,000 Market Comparable Discount to reflect realizable value 0% - 23% (4%) Foreclosed assets held for sale $ - Market Comparable Discount to reflect realizable value 0% The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying consolidated balance sheets at amounts other than fair value. Cash and cash equivalents, interest-bearing deposits and Federal Home Loan Bank stock The carrying amounts reported in the consolidated balance sheets approximate those assets' fair value. Held-to-maturity securities Fair value is based on quoted market prices, if available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. Loans The fair value of loans is estimated by discounting the future cash flows using the market rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Loans with similar characteristics were aggregated for purposes of the calculations. The carrying amount of accrued interest and mortgage loans held for sale approximates these fair values. Deposits Deposits include demand deposits, savings accounts, NOW accounts and certain money market deposits. The carrying amount approximates fair value. The fair value of fixed-maturity certificates of deposit is estimated by discounting the future cash flows using rates currently offered for deposits of similar remaining maturities. Federal Home Loan Bank and Federal Reserve advances and securities sold under agreements to repurchase The fair value of advances and securities sold under agreements to repurchase is estimated by using rates on debt with similar terms and remaining maturities. Subordinated debentures and notes payable For these variable rate instruments, the carrying amount is a reasonable estimate of fair value. There is currently a limited market for similar debt instruments and the Company has the option to call the subordinated debentures at an amount close to its par value. Interest payable The carrying amount approximates fair value. Commitments to originate loans, letters of credit and lines of credit The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present credit worthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of letters of credit and lines of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. The following table presents estimated fair values of the Company’s financial instruments at December 31, 2016 2015. December 31, 2016 December 31, 2015 Carrying Amount Fair Value Hierarchy Level Carrying Amount Fair Value Hierarchy Level Financial assets: Cash and cash equivalents $ 9,088,441 $ 9,088,441 1 $ 18,774,419 $ 18,774,419 1 Held-to-maturity securities 27,528 28,153 2 43,099 43,935 2 Federal Home Loan Bank stock 4,611,000 4,611,000 2 2,837,500 2,837,500 2 Mortgage loans held for sale 2,183,633 2,183,633 2 1,902,933 1,902,933 2 Loans, net 538,273,640 537,645,692 3 491,001,907 495,207,798 3 Interest receivable 1,947,063 1,947,063 2 1,986,692 1,986,692 2 Financial liabilities: Deposits 505,362,750 504,829,161 2 517,385,695 511,225,380 2 FHLB and Federal Reserve advances 95,700,000 95,764,840 2 52,100,000 53,227,960 2 Subordinated debentures 15,465,000 15,465,000 3 15,465,000 15,465,000 3 Interest payable 207,833 207,833 2 196,102 196,102 2 Unrecognized financial instruments (net of contractual value): Commitments to extend credit - - - - - - Unused lines of credit - - - - - -

Note 12 - Significant Estimates

Note 12 - Significant Estimates and Concentrations	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	NOTE 12: Accounting principles generally accepted in the United States of America require disclosure of certain significant estimates and current vulnerabilities due to certain concentrations. Estimates related to the allowance for loan losses are reflected in the footnote regarding loans. Current vulnerabilities due to certain concentrations of credit risk are discussed in the footnote regarding loans.

Note 13 - Employee Benefit Plan

Note 13 - Employee Benefit Plans	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 13: Equity Plans On May 27, 2015, 2015 (the”2015 250,000 December 31, 2016, 27,645 On May 26, 2010, 2010 (the”2010 200,000 December 31, 2016, 25,000 139,330 In addition, the Company established four may ten 20% five The tables below summarize transactions under the Company’s equity plans: Stock Options Number of shares Incentive Stock Option Non-Incentive Stock Option Weighted Average Exercise Price Balance outstanding as of January 1, 2014 168,100 121,000 16.54 Granted - - - Exercised (25,100 ) (14,500 ) 5.33 Forfeited (2,700 ) (24,000 ) 19.03 Balance outstanding as of December 31, 2014 140,300 82,500 18.23 Granted - - - Exercised (10,800 ) (25,000 ) 5.22 Forfeited (38,000 ) - 25.19 Balance outstanding as of December 31, 2015 91,500 57,500 19.58 Granted - - Exercised (11,500 ) (5,000 ) 5.20 Forfeited (20,000 ) - 28.28 Balance outstanding as of December 31, 2016 60,000 52,500 $ 20.15 Options exercisable as of December 31, 2016 60,000 52,500 $ 20.15 Restricted Stock Number of shares Weighted Average Grant- Date Price Balance of shares non-vested as of January 1, 2014 27,629 $ 7.39 Granted 34,562 10.99 Vested (31,688 ) 8.55 Forfeited - - Balance of shares non-vested as of December 31, 2014 30,503 10.26 Granted 28,951 14.78 Vested (15,083 ) 11.64 Forfeited (894 ) 12.26 Balance of shares non-vested as of December 31, 2015 43,477 12.75 Granted 24,679 15.01 Vested (7,201 ) 13.13 Forfeited - - Balance of shares non-vested as of December 31, 2016 60,955 $ 13.62 As of December 31, 2016, 112,500 1.35 The total intrinsic value of outstanding stock options was $660,120 $565,025 December 31, 2016 2015, $660,120 $565,025 December 31, 2016 2015, 2016, 2015, 2014 $0, $143,350 $361,517, In February 2016, 9,336 one February 2015 2014, 8,281 11,242 December 31, 2015 2014, June 2015, 966 three December 31, 2016, 2015 2014 $126,032, $124,910 $122,538, During 2016, 15,343 three 2015, 19,704 three 2014, 23,320 three December 31, 2016, 2015 2014 $267,606, $176,644 $102,099, Total stock-based compensation expense is comprised of expense for restricted stock awards and stock options. Expense recognized for the years ended December 31, 2016, 2015 2014 $393,638, $297,295 $254,340, December 31, 2016, $287,443

Note 14 - New Accounting Pronou

Note 14 - New Accounting Pronouncements	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 14: In May 2014, 2014 09, 606): Revenue from Contracts with Customers 2014 09”). 2014 09 December 15, 2016, 2015 14 Revenue from Contracts with Customers (Topic 606) 2014 09 one December 15, 2017. first 2018, 2014 09 In January 2016, 2016 01, 825 10): Recognition and Measurement of Financial Assets and Financial Liabilities 2016 01”). 2016 01 2016 01 2016 01 December 15, 2017. 2016 01 In February 2016, 2016 02, Leases 2016 02”). 2016 02 12 2016 02 December 15, 2018, In March 2016, 2016 09, 718): Improvements to Employee Share-Based Payment Accounting may December 15, 2016. In June 2016, 2016 13, 326): Measurement of Credit Losses on Financial Instruments December 15, 2019, December 15, 2018. 2016 13 In August 2016, 2016 15, 230): Classification of Certain Cash Receipts and Cash Payments. eight December 15, 2017. 2016 15

Note 15 - Preferred Stock and C

Note 15 - Preferred Stock and Common Stock Warrant	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Preferred Stock and Common Stock Warrant Disclosure [Text Block]	NOTE 15: On January 30, 2009, (1) 17,000 (2) ten 459,459 $5.55 $17.0 $1,000 5% first five 9% 1 On June 13, 2012, 5,000 $5 $19,444, 12,000 The Company entered into a Placement Agency Agreement with the Treasury on April 15, 2013 12,000 April 29, 2013, six Shortly thereafter, the Company repurchased the Warrant from Treasury pursuant to the terms thereof for the aggregate purchase price of $2,003,250 On April 3, 2014, 12,000 $12 $19.50 9.0% thirty May 7, 2014,

Note 16 - Common Stock Offering

Note 16 - Common Stock Offering	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 16: On March 7, 2014, $17.2 1,499,999 195,652 $11.50 Net proceeds from the sale of the shares after underwriting discounts and estimated offering expenses were approximately $15.8 12,000 May 7, 2014

Note 17 - Other Expenses

Note 17 - Other Expenses	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Other Income and Other Expense Disclosure [Text Block]	NOTE 17: Other expenses for the years ended December 31, 2016, 2015 2014 December 31, December 31, December 31, 2016 2015 2014 Directors compensation $ 221,072 $ 216,770 $ 215,465 Outside services 132,500 75,000 96,660 Legal expense 251,051 275,657 246,545 Deposit expense 139,234 77,862 67,710 Office supplies 94,189 74,798 77,909 Telephone 158,434 141,674 118,268 Postage 141,529 155,901 149,379 Insurance 115,430 113,341 106,139 Supervisory exam 53,951 51,433 57,359 Accounting 210,939 171,759 217,280 Organization dues 145,709 137,723 146,845 Loan expense 271,739 397,438 269,016 Contributions 60,000 52,500 50,004 ATM expense 152,581 238,744 253,457 Other operating 673,565 491,941 641,638 $ 2,821,923 $ 2,672,541 $ 2,713,674

Note 18 - Related Party Transac

Note 18 - Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 18: In the ordinary course of business, the Bank has granted loans to executive officers and directors and their affiliates. Annual activity consisted of the following: Year ended December 31, 2016 2015 2014 Balance, beginning of year $ 3,946,621 $ 4,409,644 $ 6,483,503 New Loans 3,112,689 - 394,269 Repayments (1,237,174 ) (463,023 ) (2,468,128 ) Balance, end of year $ 5,822,136 $ 3,946,621 $ 4,409,644 In management's opinion, such loans and other extensions of credit and deposits were made in the ordinary course of business and were made on substantially the same terms as those prevailing at the time for comparable transactions with other persons. Further, in management's opinion, these loans did not involve more than normal risk of collectability or present other unfavorable features.

Note 19 - Commitments and Credi

Note 19 - Commitments and Credit Risk	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 19: Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may may may As of December 31, 2016 2015, $6,152,000 $4,218,000, thirty Standby letters of credit are irrevocable conditional commitments issued by the Bank to guarantee the performance of a customer to a third may The Bank had total outstanding standby letters of credit amounting to $11,596,000 $12,135,000 December 31, 2016 2015, 1 2 The Bank has confirming letters of credit from the FHLB issued for collateral on public deposits and to enhance Bank issued letters of credit granted to various customers for industrial revenue bond issues. As of December 31, 2016 2015, $19,725,000 $20,028,000. Lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Lines of credit generally have fixed expiration dates. Since a portion of the line may may As of December 31, 2016 2015, $89,103,000 $68,066,000, $15,960,000 $14,461,000,

Note 20 - Condensed Parent Comp

Note 20 - Condensed Parent Company Statements	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	NOTE 20: The condensed balance sheets as of December 31, 2016 2015, December 31, 2016, 2015 2014 Condensed Balance Sheets December 31, 2016 2015 Assets Cash $ 1,571,915 $ 3,642,158 Available-for-sale securities - 99,517 Investment in subsidiary 83,946,411 77,953,486 Investment in Capital Trust I & II 465,000 465,000 Prepaid expenses and other assets 14,597 13,894 Refundable income taxes - 119,379 Deferred income taxes - 9,985 $ 85,997,923 $ 82,303,419 Liabilities Subordinated debentures $ 15,465,000 $ 15,465,000 Accrued expenses and other liabilities 551,643 409,054 Due to subsidiary 6,900 6,900 Stockholders' equity Common stock 687,550 685,900 Additional paid-in capital 50,552,077 50,441,464 Retained earnings 57,347,282 53,258,126 Unrealized loss on available-for-sale securities, net (1,309,241 ) (683,956 ) Treasury stock (37,303,288 ) (37,279,069 ) $ 85,997,923 $ 82,303,419 Condensed Statements of Income Years ended December 31, 2016 2015 2014 Income Dividends from subsidiary bank $ - $ - $ - Interest income: Other 50,332 16,200 16,069 50,332 16,200 16,069 Expense Interest expense: Related party 579,410 538,785 533,207 Other 931,816 734,780 765,848 1,511,226 1,273,565 1,299,055 Income (loss) before income taxes and equity in undistributed income (loss) of subsidiaries (1,460,894 ) (1,257,365 ) (1,282,986 ) Credit for income taxes (435,000 ) (415,000 ) (399,000 ) Income (loss) before equity in undistributed earnings of subsidiaries (1,025,894 ) (842,365 ) (883,986 ) Equity in undistributed income of subsidiaries 6,619,905 6,559,132 6,666,682 Net income $ 5,594,011 $ 5,716,767 $ 5,782,696 Condensed Statements of Cash Flows Years ended December 31, 2016 2015 2014 Cash Flows From Operating Activities Net income $ 5,594,011 $ 5,716,767 $ 5,782,696 Items not requiring (providing) cash: Equity in undistributed income of subsidiaries (6,619,905 ) (6,559,132 ) (6,666,682 ) Deferred income taxes 8,988 - (17,976 ) Stock award plan expense 373,782 285,589 242,189 Gain on investment securities (18,889 ) - - Changes in: Prepaid expenses and other assets (700 ) 2,060 157,745 Income taxes payable/refundable 139,837 1,096,653 326,287 Accrued expenses 32,450 (95,779 ) 55,519 Net cash provided by (used in) operating activities (490,426 ) 446,158 (120,222 ) Cash Flows From Investing Activities Proceeds from sales of AFS securities 121,101 - - Net cash provided by investing activities 121,101 - - Cash Flows From Financing Activities Proceeds from issuance of common stock - - 15,814,312 Stock options exercised 85,800 187,129 210,870 Cash dividends paid on common and preferred stock (1,415,180 ) (873,499 ) (844,786 ) Treasury Stock purchased (371,538 ) Redemption of preferred stock - - (12,000,000 ) Net cash provided by (used in) financing activities (1,700,918 ) (686,370 ) 3,180,396 Increase (Decrease) in cash (2,070,243 ) (240,212 ) 3,060,174 Cash, beginning of year 3,642,158 3,882,370 822,196 Cash, end of year $ 1,571,915 $ 3,642,158 $ 3,882,370 Statements of Comprehensive Income Years ended December 31, 2016 2015 2014 NET INCOME $ 5,594,011 $ 5,716,767 $ 5,782,696 OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS): Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes 2,695 (5,507 ) 5,718 Income tax expense related to other items of comprehensive income (997 ) 2,038 2,117 Other comprehensive income (loss) 3,692 (7,545 ) 3,601 Comprehensive income (loss) of Bank (628,977 ) (227,990 ) 2,054,226 TOTAL COMPREHENSIVE INCOME $ 4,968,726 $ 5,481,232 $ 7,840,523

Note 21 - Unaudited Quarterly O

Note 21 - Unaudited Quarterly Operating Results	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Quarterly Financial Information [Text Block]	NOTE 2 1: Year Ended December 31, 2016, Quarter ended Mar-16 Jun-16 Sep-16 Dec-16 Interest income $ 6,205,045 $ 6,204,314 $ 6,354,303 $ 6,625,664 Interest expense 1,025,411 1,026,782 1,056,181 1,068,638 Net interest income 5,179,634 5,177,532 5,298,122 5,557,026 Provision for loan losses 375,000 375,000 200,000 425,000 Gain on loans and investment securities 470,456 525,644 658,205 544,172 Other noninterest income, net 638,366 653,769 657,296 722,299 Noninterest expense 4,109,476 4,309,394 4,317,707 4,364,169 Income before income taxes 1,803,980 1,672,551 2,095,916 2,034,328 Provision for income taxes 527,375 416,399 554,009 514,981 Net income available to common shareholders $ 1,276,605 $ 1,256,152 $ 1,541,907 $ 1,519,347 Basic income per common share $ 0.29 $ 0.29 $ 0.35 $ 0.35 Diluted income per common share $ 0.29 $ 0.28 $ 0.35 $ 0.34 Year Ended December 31, 2015, Quarter ended Mar-15 Jun-15 Sep-15 Dec-15 Interest income $ 6,287,637 $ 6,386,510 $ 6,229,091 $ 6,286,396 Interest expense 1,091,690 1,112,376 1,046,661 1,029,155 Net interest income 5,195,947 5,274,134 5,182,430 5,257,241 Provision for loan losses 150,000 - 200,000 250,000 Gain on loans and investment securities 334,910 820,828 416,177 356,351 Other noninterest income, net 615,846 654,089 693,782 586,089 Noninterest expense 4,078,722 4,514,944 4,052,003 3,964,059 Income before income taxes 1,917,981 2,234,107 2,040,386 1,985,622 Provision for income taxes 588,437 696,158 621,751 554,983 Net income available to common shareholders $ 1,329,544 $ 1,537,949 $ 1,418,635 $ 1,430,639 Basic income per common share $ 0.31 $ 0.35 $ 0.33 $ 0.33 Diluted income per common share $ 0.30 $ 0.35 $ 0.32 $ 0.33

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, the Bank. All significant intercompany profits, transactions and balances have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans and fair values. In connection with the determination of the allowance for loan losses and the valuation of foreclosed assets held for sale, management obtains independent appraisals for significant properties.
Marketable Securities, Policy [Policy Text Block]	Securities Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and recorded at amortized cost. Securities not classified as held to maturity are classified as “available-for-sale” and are carried at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income. Purchase premiums are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. For debt securities with fair value below carrying value, when the Company does not intend to sell a debt security, and it is more likely than not, the Company will not have to sell the security before a recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held-to-maturity debt securities, the amount of an other-than-temporary impairment recorded in other comprehensive income for the noncredit portion of a previous other-than-temporary impairment is amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. The Company’s consolidated statements of income reflect the full impairment (that is, the difference between the security’s amortized cost basis and fair value) on debt securities that the Company intends to sell or would more likely than not be required to sell before the expected recovery of the amortized cost basis. For available-for-sale and held-to-maturity debt securities that management has no intent to sell and believes that it more likely than not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the noncredit loss is recognized in accumulated other comprehensive income. The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections.
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block]	Mortgage Loans Held for Sale Mortgage loans held for sale are carried at the lower of cost or fair value, determined using an aggregate basis. Write-downs to fair value are recognized as a charge to earnings at the time a decline in value occurs. Forward commitments to sell mortgage loans are sometimes acquired to reduce market risk on mortgage loans in the process of origination and mortgage loans held for sale. Gains and losses resulting from sales of mortgage loans are recognized when the respective loans are sold to investors. Gains and losses are determined by the difference between the selling price and the carrying amounts of the loans sold, and are recorded in noninterest income. Direct loan origination costs and fees are deferred at origination of the loan and are recognized in noninterest income upon sale of the loan.
Finance, Loans and Leases Receivable, Policy [Policy Text Block]	Loans For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees net of certain direct origination costs, are deferred and amortized as a level yield adjustment over the respective term of the loan. The accrual of interest on loans is discontinued at the time the loan is 90 All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Bank’s internal risk rating process. Other adjustments may A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans.
Finance, Loan and Lease Receivables, Held for Investments, Foreclosed Assets Policy [Policy Text Block]	Foreclosed Assets Held for Sale Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less costs to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less estimated costs to sell. Revenue and expenses from operations and changes in the valuation allowance are included in net expenses from foreclosed assets.
Property, Plant and Equipment, Policy [Policy Text Block]	Premises and Equipment Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line method over the estimated useful lives of the assets. The estimated useful lives for each major depreciable classification of premises and equipment are as follows: (in years) Buildings and improvements 35 - 40 Furniture and fixtures and vehicles 3 - 10
Bank Owned Life Insurance Policy [Policy Text Block]	Bank Owned Life Insurance Bank owned life insurance policies are carried at their cash surrender value. The Company recognizes tax-free income from the periodic increases in cash surrender value of these policies and from death benefits.
Income Tax, Policy [Policy Text Block]	Income Taxes The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740, Income Taxes two Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 50 The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company files consolidated income tax returns with its subsidiary. With a few exceptions, the Company is no longer subject to U.S. federal or state income tax examinations by tax authorities for years before 2012.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash Equivalents The Company considers all liquid investments with original maturities of three December 31, 2016 2015
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restriction on Cash and Due From Banks The Company is required to maintain reserve funds in cash and/or on deposit with the Federal Reserve Bank. The Company’s required reserve on December 31, 2016 $1,082,000.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income Comprehensive income consists of net income and other comprehensive income (loss), net of applicable income taxes. Other comprehensive income (loss) includes unrealized gain (loss) on available-for-sale securities, unrealized gain (loss) on available-for-sale securities for which a portion of an other-than-temporary impairment has been recognized in income and unrealized gain (loss) on held-to-maturity securities for which a portion of an other-than-temporary impairment has been recognized in income.
Regulatory Capital Requirements Under Banking Regulations [Policy Text Block]	Regulatory Matters The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct and material effect on the Company's consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Company’s regulators could require adjustments to regulatory capital not reflected in these financial statements. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below). Management believes, as of December 31, 2016 2015, As of December 31, 2016, 1 The Bank's actual capital amounts and ratios are also presented in the table. No amount was deducted from capital for interest-rate risk. Dollar amounts are expressed in thousands. To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2016 Tier 1 (core) capital, and ratio to adjusted total assets Bank $ 85,255 12.5 % $ 27,283 4.0 % $ 34,103 5.0 % Tier 1 (core) capital, and ratio to risk-weighted assets Bank $ 85,255 14.0 % $ 36,434 6.0 % $ 48,578 8.0 % Total risk-based capital, and ratio to risk-weighted assets Bank $ 90,997 15.0 % $ 48,578 8.0 % $ 60,723 10.0 % Common equity tier 1 capital ratio to risk-weighted assets Bank $ 85,255 14.0 % $ 27,325 4.5 % $ 39,470 6.5 % To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015 Tier 1 (core) capital, and ratio to adjusted total assets Bank $ 78,635 12.2 % $ 25,844 4.0 % $ 32,305 5.0 % Tier 1 (core) capital, and ratio to risk-weighted assets Bank $ 78,635 13.4 % $ 23,403 4.0 % $ 35,105 6.0 % Total risk-based capital, and ratio to risk-weighted assets Bank $ 84,447 14.4 % $ 46,806 8.0 % $ 58,508 10.0 % Common equity tier 1 capital ratio to risk-weighted assets Bank $ 78,635 13.4 % $ 26,329 4.5 % $ 38,030 6.5 % The above minimum capital requirements exclude the capital conversion buffer required to avoid limitations on capital distributions, including dividend payments and certain discretionary bonus payments to executive officers. The capital conservation buffer is being phased in from 0.0% 2015 2.50% 2019. 0.625% December 31, 2016. The amount of dividends that the Bank may December 31, 2016 2015 may
Segment Reporting, Policy [Policy Text Block]	Segment Information The principal business of the Company is overseeing the business of the Bank. The Company has no significant assets other than its investment in the Bank. The banking operation is the Company’s only reportable segment. The banking segment is principally engaged in the business of originating mortgage loans secured by one four
Commitments and Contingencies, Policy [Policy Text Block]	General Litigation The Company and the Bank, from time to time, may December 31, 2016,
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Common Share The computation for earnings per common share for the years ended December 31, 2016, 2015 2014 Year Ended Year Ended Year Ended December 31, 2016 December 31, 2015 December 31, 2014 Net income available to common shareholders $ 5,594,011 $ 5,716,767 $ 5,425,486 Weighted average common shares outstanding 4,363,949 4,333,418 4,006,461 Effect of dilutive securities 56,299 55,931 68,040 Weighted average diluted shares outstanding 4,420,248 4,389,349 4,074,501 Basic income per common share $ 1.28 $ 1.32 $ 1.35 Diluted income per common share $ 1.27 $ 1.30 $ 1.33 Stock options to purchase 68,500, 88,500 131,500 December 31, 2016, 2015 2014,
Reclassification, Policy [Policy Text Block]	Reclassifications Certain reclassifications have been made to the 2015 2014 2016

Note 1 - Nature of Operations31

Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Property, Plant, and Equipment, Useful Lives [Table Text Block]	(in years) Buildings and improvements 35 - 40 Furniture and fixtures and vehicles 3 - 10
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2016 Tier 1 (core) capital, and ratio to adjusted total assets Bank $ 85,255 12.5 % $ 27,283 4.0 % $ 34,103 5.0 % Tier 1 (core) capital, and ratio to risk-weighted assets Bank $ 85,255 14.0 % $ 36,434 6.0 % $ 48,578 8.0 % Total risk-based capital, and ratio to risk-weighted assets Bank $ 90,997 15.0 % $ 48,578 8.0 % $ 60,723 10.0 % Common equity tier 1 capital ratio to risk-weighted assets Bank $ 85,255 14.0 % $ 27,325 4.5 % $ 39,470 6.5 % To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015 Tier 1 (core) capital, and ratio to adjusted total assets Bank $ 78,635 12.2 % $ 25,844 4.0 % $ 32,305 5.0 % Tier 1 (core) capital, and ratio to risk-weighted assets Bank $ 78,635 13.4 % $ 23,403 4.0 % $ 35,105 6.0 % Total risk-based capital, and ratio to risk-weighted assets Bank $ 84,447 14.4 % $ 46,806 8.0 % $ 58,508 10.0 % Common equity tier 1 capital ratio to risk-weighted assets Bank $ 78,635 13.4 % $ 26,329 4.5 % $ 38,030 6.5 %
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Year Ended Year Ended Year Ended December 31, 2016 December 31, 2015 December 31, 2014 Net income available to common shareholders $ 5,594,011 $ 5,716,767 $ 5,425,486 Weighted average common shares outstanding 4,363,949 4,333,418 4,006,461 Effect of dilutive securities 56,299 55,931 68,040 Weighted average diluted shares outstanding 4,420,248 4,389,349 4,074,501 Basic income per common share $ 1.28 $ 1.32 $ 1.35 Diluted income per common share $ 1.27 $ 1.30 $ 1.33

Note 2 - Securities (Tables)

Note 2 - Securities (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of December 31, 2016 Debt Securities: Municipals $ 39,357,506 $ 65,673 $ (1,085,654 ) $ 38,337,525 Corporates 7,003,986 54,050 (4,514 ) 7,053,522 Government sponsored mortgage-backed securities and SBA loan pools 48,115,793 19,432 (1,127,037 ) 47,008,188 $ 94,477,285 $ 139,155 $ (2,217,205 ) $ 92,399,235 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]	Maturities of Available for Sale Amortized Cost Approximate Fair Value 1-5 years $ 1,297,373 $ 1,299,297 5-10 years 11,327,059 11,187,770 After ten years 33,737,060 32,903,980 Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date 48,115,793 47,008,188 $ 94,477,285 $ 92,399,235
Held-to-maturity Securities [Table Text Block]	Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of December 31, 2016 Debt Securities: Government sponsored mortgage-backed securities $ 27,528 $ 625 $ - $ 28,153 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]	December 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 Municipals $ 33,084,816 $ (1,082,021 ) $ 179,402 $ (3,633 ) $ 33,264,218 $ (1,085,654 ) Corporates 1,996,172 (3,828 ) 881,100 (686 ) 2,877,272 (4,514 ) Government sponsored mortgage-backed securities and SBA loan pools 39,570,463 (1,022,511 ) 3,649,276 (104,526 ) 43,219,739 (1,127,037 ) $ 74,651,451 $ (2,108,360 ) $ 4,709,778 $ (108,845 ) $ 79,361,229 $ (2,217,205 ) 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]
Notes Tables
Held-to-maturity Securities [Table Text Block]	Amortized Cost Approximate Fair Value Government sponsored mortgage-backed securities not due on a single maturity date $ 27,528 $ 28,153

Note 3 - Loans and Allowance 33

Note 3 - Loans and Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, 2016 2015 Real estate - residential mortgage: One to four family units $ 106,410,559 $ 98,257,417 Multi-family 48,483,523 41,603,670 Real estate - construction 40,912,307 45,462,895 Real estate - commercial 249,580,873 208,824,573 Commercial loans 75,404,732 81,006,897 Consumer and other loans 23,606,306 21,991,881 Total loans 544,398,300 497,147,333 Less: Allowance for loan losses (5,742,449 ) (5,811,940 ) Deferred loan fees/costs, net (382,211 ) (333,486 ) Net loans $ 538,273,640 $ 491,001,907
Past Due Financing Receivables [Table Text Block]	As of December 31, 2016 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 $ 367 $ 495 $ 103 $ 965 $ 105,446 $ 106,411 $ - Multi-family - - - - 48,483 48,483 - Real estate - construction - - - - 40,912 40,912 - Real estate - commercial - - - - 249,581 249,581 - Commercial loans - - 593 593 74,812 75,405 - Consumer and other loans - - 38 38 23,568 23,606 - Total $ 367 $ 495 $ 734 $ 1,596 $ 542,802 $ 544,398 $ - 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]	December 31, 2016 2015 Real estate - residential mortgage: One to four family units $ 2,060,180 $ 2,272,535 Multi-family - - Real estate - construction 5,446,896 8,079,807 Real estate - commercial 161,491 1,240,909 Commercial loans 925,281 2,149,333 Consumer and other loans 37,791 12,891 Total $ 8,631,639 $ 13,755,475
Allowance for Credit Losses on Financing Receivables [Table Text Block]	As of December 31, 2016 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of year $ 1,246 $ 1,526 $ 821 $ 177 $ 1,382 $ 223 $ 437 $ 5,812 Provision charged to expense 1,262 198 48 29 (51 ) 215 (326 ) $ 1,375 Losses charged off (1,222 ) (69 ) (47 ) - (171 ) (190 ) - $ (1,699 ) Recoveries 91 32 34 - 8 89 - $ 254 Balance, end of year $ 1,377 $ 1,687 $ 856 $ 206 $ 1,168 $ 337 $ 111 $ 5,742 Ending balance: individually evaluated for impairment $ 302 $ - $ 14 $ - $ 241 $ 45 $ - $ 602 Ending balance: collectively evaluated for impairment $ 1,075 $ 1,687 $ 842 $ 206 $ 927 $ 292 $ 111 $ 5,140 Loans: Ending balance: individually evaluated for impairment $ 5,447 $ 161 $ 2,060 $ - $ 925 $ 106 $ - $ 8,699 Ending balance: collectively evaluated for impairment $ 35,465 $ 249,420 $ 104,351 $ 48,483 $ 74,480 $ 23,500 $ - $ 535,699 As of December 31, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of year $ 1,330 $ 1,992 $ 900 $ 127 $ 1,954 $ 185 $ 101 $ 6,589 Provision charged to expense 1,139 (466 ) - 50 (576 ) 117 336 $ 600 Losses charged off (1,233 ) - (99 ) - - (119 ) - $ (1,451 ) Recoveries 10 - 20 - 4 40 - $ 74 Balance, end of year $ 1,246 $ 1,526 $ 821 $ 177 $ 1,382 $ 223 $ 437 $ 5,812 Ending balance: individually evaluated for impairment $ 540 $ - $ - $ - $ 312 $ 13 $ - $ 865 Ending balance: collectively evaluated for impairment $ 706 $ 1,526 $ 821 $ 177 $ 1,070 $ 210 $ 437 $ 4,947 Loans: Ending balance: individually evaluated for impairment $ 8,080 $ 1,241 $ 2,272 $ - $ 2,149 $ 988 $ - $ 14,730 Ending balance: collectively evaluated for impairment $ 37,383 $ 207,583 $ 95,985 $ 41,604 $ 78,858 $ 21,004 $ - $ 482,417 As of December 31, 2014 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of year $ 2,387 $ 2,059 $ 997 $ 209 $ 1,519 $ 272 $ 359 $ 7,802 Provision charged to expense (651 ) (157 ) 21 (82 ) 2,388 14 (258 ) $ 1,275 Losses charged off (411 ) (9 ) (127 ) - (2,018 ) (150 ) - $ (2,715 ) Recoveries 5 99 9 - 65 49 - $ 227 Balance, end of year $ 1,330 $ 1,992 $ 900 $ 127 $ 1,954 $ 185 $ 101 $ 6,589 Ending balance: individually evaluated for impairment $ 376 $ 158 $ 36 $ - $ 203 $ 12 $ - $ 785 Ending balance: collectively evaluated for impairment $ 954 $ 1,834 $ 864 $ 127 $ 1,751 $ 173 $ 101 $ 5,804 Loans: Ending balance: individually evaluated for impairment $ 2,893 $ 460 $ 847 $ - $ 1,027 $ 801 $ - $ 6,028 Ending balance: collectively evaluated for impairment $ 33,892 $ 215,145 $ 97,054 $ 33,786 $ 91,087 $ 16,445 $ - $ 487,409
Impaired Financing Receivables [Table Text Block]	As of December 31, 2016 Recorded Balance Unpaid Principal Balance Specific Allowance Average Investment in Impaired Loans Interest Income Recognized (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 2,006 $ 2,006 $ - $ 2,165 $ - Multi-family - - - - - Real estate - construction 3,017 3,017 - 5,427 - Real estate - commercial 161 161 - 540 - Commercial loans 622 622 - 868 - Consumer and other loans 3 3 - 90 2 Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 54 $ 54 $ 14 $ 27 $ - Multi-family - - - - - Real estate - construction 2,430 3,663 302 2,195 - Real estate - commercial - - - 139 - Commercial loans 303 755 241 447 - Consumer and other loans 103 103 45 112 - Total Real estate - residential mortgage: One to four family units $ 2,060 $ 2,060 $ 14 $ 2,192 $ - Multi-family - - - - - Real estate - construction 5,447 6,680 302 7,622 - Real estate - commercial 161 161 - 679 - Commercial loans 925 1,377 241 1,315 - Consumer and other loans 106 106 45 202 2 Total $ 8,699 $ 10,384 $ 602 $ 12,010 $ 2 As of December 31, 2015 Recorded Balance Unpaid Principal Balance Specific Allowance Average Investment in Impaired Loans Interest Income Recognized (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 2,272 $ 2,272 $ - $ 1,270 $ 3 Multi-family - - - - - Real estate - construction 5,730 5,730 - 1,636 - Real estate - commercial 1,241 1,241 - 234 - Commercial loans 1,538 1,538 - 665 - Consumer and other loans 904 904 - 88 1 Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ - $ - $ - $ 228 $ - Multi-family - - - - - Real estate - construction 2,350 4,838 540 3,255 - Real estate - commercial - - - - - Commercial loans 611 914 312 616 - Consumer and other loans 84 84 13 118 - Total Real estate - residential mortgage: One to four family units $ 2,272 $ 2,272 $ - $ 1,498 $ 3 Multi-family - - - - - Real estate - construction 8,080 10,568 540 4,891 - Real estate - commercial 1,241 1,241 - 234 - Commercial loans 2,149 2,452 312 1,281 - Consumer and other loans 988 988 13 206 1 Total $ 14,730 $ 17,521 $ 865 $ 8,110 $ 4
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	2016 Number of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Real estate - residential mortgage: One to four family units - $ - $ - Multi-family - - - Real estate - construction - - - Real estate - commercial 1 5,575,358 5,575,358 Commercial loans 1 165,831 165,831 Consumer and other loans - - - Total 2 $ 5,741,189 $ 5,741,189 2015 Number of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Real estate - residential mortgage: One to four family units 7 $ 1,345,358 $ 1,345,358 Multi-family - - - Real estate - construction 5 6,889,044 5,655,969 Real estate - commercial 1 161,491 161,491 Commercial loans 3 750,849 771,557 Consumer and other loans - - - Total 16 $ 9,146,742 $ 7,934,375
Financing Receivable Credit Quality Indicators [Table Text Block]	As of December 31, 2016 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Total (In Thousands) Rating: Pass $ 35,465 $ 242,200 $ 100,367 $ 48,483 $ 69,093 $ 23,380 $ 518,988 Special Mention - 5,922 2,591 - 4,503 - 13,016 Substandard 5,447 1,459 3,453 - 1,225 226 11,810 Doubtful - - - - 584 - 584 Total $ 40,912 $ 249,581 $ 106,411 $ 48,483 $ 75,405 $ 23,606 $ 544,398 As of December 31, 2015 Construction Commercial Real Estate One to four family Multi-family Commercial Consumer and Other Total (In Thousands) Rating: Pass $ 37,383 $ 198,230 $ 91,267 $ 41,604 $ 73,407 $ 21,775 $ 463,666 Special Mention - 3,657 3,319 - 2,267 - 9,243 Substandard 8,080 6,937 3,671 - 4,730 217 23,635 Doubtful - - - - 603 - 603 Total $ 45,463 $ 208,824 $ 98,257 $ 41,604 $ 81,007 $ 21,992 $ 497,147
Modification Type [Member]
Notes Tables
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	2016 Interest Rate Term Combination Total Modification Real estate - residential mortgage: One to four family units $ - $ - $ - $ - Multi-family - - - - Real estate - construction - - - - Real estate - commercial - - 5,575,358 5,575,358 Commercial loans - 165,831 - 165,831 Consumer and other loans - - - - Total $ - $ 165,831 $ 5,575,358 $ 5,741,189 2015 Interest Rate Term Combination Total Modification Real estate - residential mortgage: One to four family units $ - $ - $ 1,345,358 $ 1,345,358 Multi-family - - - - Real estate - construction - - 5,655,969 5,655,969 Real estate - commercial - - 161,491 161,491 Commercial loans - 310,500 461,057 771,557 Consumer and other loans - - - - Total $ - $ 310,500 $ 7,623,875 $ 7,934,375

Note 4 - Premises and Equipme34

Note 4 - Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Property, Plant and Equipment [Table Text Block]	December 31, December 31, 2016 2015 Land $ 2,251,789 $ 2,250,789 Buildings and improvements 11,850,553 11,791,945 Automobile 25,115 25,115 Furniture, fixtures and equipment 11,357,768 10,746,555 Leasehold improvements 271,799 271,799 25,757,024 25,086,203 Less accumulated depreciation (14,885,985 ) (14,545,775 ) Net premises and equipment $ 10,871,039 $ 10,540,428

Note 7 - Deposits (Tables)

Note 7 - Deposits (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule Of Deposits [Table Text Block]	December 31, 2016 December 31, 2015 Weighted Average Rate Balance Percentage of Deposits Weighted Average Rate Balance Percentage of Deposits Demand 0.01 % $ 80,910,910 16.0 % 0.00 % $ 67,897,263 13.1 % NOW 0.30 % 129,137,807 25.6 % 0.31 % 137,472,955 26.6 % Money market 0.45 % 155,529,796 30.8 % 0.42 % 170,602,458 33.0 % Savings 0.20 % 28,095,248 5.5 % 0.20 % 25,864,718 5.0 % 0.29 % 393,673,761 77.9 % 0.30 % 401,837,394 77.7 % Certificates: 0.00% - 0.99% 0.54 % 57,349,324 11.3 % 0.54 % 61,061,577 11.7 % 1.00% - 1.99% 1.28 % 54,319,296 10.8 % 1.31 % 53,142,739 10.2 % 2.00% - 3.99% 2.14 % 20,369 0.0 % 2.17 % 1,343,985 0.3 % 0.90 % 111,688,989 22.1 % 0.91 % 115,548,301 22.3 % Total Deposits 0.43 % $ 505,362,750 100.0 % 0.43 % $ 517,385,695 100.0 %
Summary Of Certificates Of Deposits By Maturity [Table Text Block]	2017 $ 71,182,536 2018 20,032,460 2019 10,262,403 2020 4,787,609 2021 4,003,063 Thereafter 1,420,918 $ 111,688,989
Summary Of Interest Expense On Deposits [Table Text Block]	Years ended December 31, 2016 2015 2014 NOW and Money Market accounts $ 1,235,359 $ 1,276,808 $ 1,242,158 Savings accounts 55,094 49,467 49,071 Certificate accounts 1,002,872 1,102,928 1,050,081 Early withdrawal penalties (9,343 ) (5,332 ) (12,220 ) $ 2,283,982 $ 2,423,871 $ 2,329,090

Note 8 - Borrowings (Tables)

Note 8 - Borrowings (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block]	December 31, 2016 December 31, 2015 Maturity Date Amount Weighted Average Rate Amount Weighted Average Rate 2017 43,600,000 0.79 % - 0.00 % 2018 50,000,000 2.14 % 50,000,000 2.14 % 2019 2,100,000 4.87 % 2,100,000 4.87 % $ 95,700,000 1.72 % $ 52,100,000 2.25 %

Note 10 - Income Taxes (Tables)

Note 10 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Years Ended December 31, 2016 2015 2014 Taxes currently payable $ 1,889,673 $ 2,140,591 $ 1,445,947 Deferred income taxes 123,091 320,738 666,561 $ 2,012,764 $ 2,461,329 $ 2,112,508
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, December 31, 2016 2015 Deferred tax assets: Allowances for loan losses $ 1,952,433 $ 1,976,060 Writedowns on foreclosed assets held for sale 681,281 773,652 Deferred loan fees/costs 56,209 123,390 Unrealized depreciation on available-for-sale securities 768,879 401,688 Tax Credits 521,441 - Other 228,996 446,122 4,209,239 3,720,912 Deferred tax liabilities: FHLB stock dividends (46,481 ) (51,713 ) Accumulated depreciation (642,977 ) (368,245 ) Other (45,646 ) (70,849 ) (735,104 ) (490,807 ) Net deferred tax asset $ 3,474,135 $ 3,230,105
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years ended December 31, 2016 2015 2014 Computed at statutory rate 34.0 % 34.0 % 34.0 % Increase (reduction) in taxes resulting from: State financial institution tax and credits (1.1% ) (3.1% ) (3.4% ) Cash surrender value of life insurance (2.2% ) (1.5% ) (1.6% ) Tax exempt interest (3.7% ) (1.7% ) (1.4% ) Other (0.5% ) 2.4 % (0.8% ) Actual effective rate 26.5 % 30.1 % 26.8 %

Note 11 - Disclosures About F38

Note 11 - Disclosures About Fair Value of Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	As of December 31, 2016 Financial assets: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Debt securities: Municipals $ - $ 38,338 $ - $ 38,338 Corporates - 7,053 - 7,053 Government sponsored mortgage-backed securities and SBA loan pools - 47,008 - 47,008 Available-for-sale securities $ - $ 92,399 $ - $ 92,399 As of December 31, 2015 Financial assets: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Equity securities: Other $ 99 $ - $ - $ 99 Debt securities: U.S. government agencies - 8,397 - 8,397 Municipals - 31,349 - 31,349 Corporates - 3,814 - 3,814 Government sponsored mortgage-backed securities and SBA loan pools - 53,633 - 53,633 Available-for-sale securities $ 99 $ 97,193 $ - $ 97,292
Fair Value Measurements, Nonrecurring [Table Text Block]	Impaired loans: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value December 31, 2016 $ - $ - $ 1,006 $ 1,006 December 31, 2015 $ - $ - $ 12,923 $ 12,923 Foreclosed assets held for sale: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value December 31, 2016 $ - $ - $ 149 $ 149 December 31, 2015 $ - $ - $ - $ -
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	Fair Value December 31, 2016 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans (collateral dependent) $ 1,006 Market Comparable Discount to reflect realizable value 0% - 100% (7%) Foreclosed assets held for sale $ 149 Market Comparable Discount to reflect realizable value 10% Fair Value December 31, 2015 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans (collateral dependent) $ 5,000 Market Comparable Discount to reflect realizable value 0% - 23% (4%) Foreclosed assets held for sale $ - Market Comparable Discount to reflect realizable value 0%
Fair Value, by Balance Sheet Grouping [Table Text Block]	December 31, 2016 December 31, 2015 Carrying Amount Fair Value Hierarchy Level Carrying Amount Fair Value Hierarchy Level Financial assets: Cash and cash equivalents $ 9,088,441 $ 9,088,441 1 $ 18,774,419 $ 18,774,419 1 Held-to-maturity securities 27,528 28,153 2 43,099 43,935 2 Federal Home Loan Bank stock 4,611,000 4,611,000 2 2,837,500 2,837,500 2 Mortgage loans held for sale 2,183,633 2,183,633 2 1,902,933 1,902,933 2 Loans, net 538,273,640 537,645,692 3 491,001,907 495,207,798 3 Interest receivable 1,947,063 1,947,063 2 1,986,692 1,986,692 2 Financial liabilities: Deposits 505,362,750 504,829,161 2 517,385,695 511,225,380 2 FHLB and Federal Reserve advances 95,700,000 95,764,840 2 52,100,000 53,227,960 2 Subordinated debentures 15,465,000 15,465,000 3 15,465,000 15,465,000 3 Interest payable 207,833 207,833 2 196,102 196,102 2 Unrecognized financial instruments (net of contractual value): Commitments to extend credit - - - - - - Unused lines of credit - - - - - -

Note 13 - Employee Benefit Pl39

Note 13 - Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Number of shares Incentive Stock Option Non-Incentive Stock Option Weighted Average Exercise Price Balance outstanding as of January 1, 2014 168,100 121,000 16.54 Granted - - - Exercised (25,100 ) (14,500 ) 5.33 Forfeited (2,700 ) (24,000 ) 19.03 Balance outstanding as of December 31, 2014 140,300 82,500 18.23 Granted - - - Exercised (10,800 ) (25,000 ) 5.22 Forfeited (38,000 ) - 25.19 Balance outstanding as of December 31, 2015 91,500 57,500 19.58 Granted - - Exercised (11,500 ) (5,000 ) 5.20 Forfeited (20,000 ) - 28.28 Balance outstanding as of December 31, 2016 60,000 52,500 $ 20.15 Options exercisable as of December 31, 2016 60,000 52,500 $ 20.15
Nonvested Restricted Stock Shares Activity [Table Text Block]	Number of shares Weighted Average Grant- Date Price Balance of shares non-vested as of January 1, 2014 27,629 $ 7.39 Granted 34,562 10.99 Vested (31,688 ) 8.55 Forfeited - - Balance of shares non-vested as of December 31, 2014 30,503 10.26 Granted 28,951 14.78 Vested (15,083 ) 11.64 Forfeited (894 ) 12.26 Balance of shares non-vested as of December 31, 2015 43,477 12.75 Granted 24,679 15.01 Vested (7,201 ) 13.13 Forfeited - - Balance of shares non-vested as of December 31, 2016 60,955 $ 13.62

Note 17 - Other Expenses (Table

Note 17 - Other Expenses (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Other Operating Cost and Expense, by Component [Table Text Block]	December 31, December 31, December 31, 2016 2015 2014 Directors compensation $ 221,072 $ 216,770 $ 215,465 Outside services 132,500 75,000 96,660 Legal expense 251,051 275,657 246,545 Deposit expense 139,234 77,862 67,710 Office supplies 94,189 74,798 77,909 Telephone 158,434 141,674 118,268 Postage 141,529 155,901 149,379 Insurance 115,430 113,341 106,139 Supervisory exam 53,951 51,433 57,359 Accounting 210,939 171,759 217,280 Organization dues 145,709 137,723 146,845 Loan expense 271,739 397,438 269,016 Contributions 60,000 52,500 50,004 ATM expense 152,581 238,744 253,457 Other operating 673,565 491,941 641,638 $ 2,821,923 $ 2,672,541 $ 2,713,674

Note 18 - Related Party Trans41

Note 18 - Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	Year ended December 31, 2016 2015 2014 Balance, beginning of year $ 3,946,621 $ 4,409,644 $ 6,483,503 New Loans 3,112,689 - 394,269 Repayments (1,237,174 ) (463,023 ) (2,468,128 ) Balance, end of year $ 5,822,136 $ 3,946,621 $ 4,409,644

Note 20 - Condensed Parent Co42

Note 20 - Condensed Parent Company Statements (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Condensed Balance Sheet [Table Text Block]	Condensed Balance Sheets December 31, 2016 2015 Assets Cash $ 1,571,915 $ 3,642,158 Available-for-sale securities - 99,517 Investment in subsidiary 83,946,411 77,953,486 Investment in Capital Trust I & II 465,000 465,000 Prepaid expenses and other assets 14,597 13,894 Refundable income taxes - 119,379 Deferred income taxes - 9,985 $ 85,997,923 $ 82,303,419 Liabilities Subordinated debentures $ 15,465,000 $ 15,465,000 Accrued expenses and other liabilities 551,643 409,054 Due to subsidiary 6,900 6,900 Stockholders' equity Common stock 687,550 685,900 Additional paid-in capital 50,552,077 50,441,464 Retained earnings 57,347,282 53,258,126 Unrealized loss on available-for-sale securities, net (1,309,241 ) (683,956 ) Treasury stock (37,303,288 ) (37,279,069 ) $ 85,997,923 $ 82,303,419
Condensed Income Statement [Table Text Block]	Condensed Statements of Income Years ended December 31, 2016 2015 2014 Income Dividends from subsidiary bank $ - $ - $ - Interest income: Other 50,332 16,200 16,069 50,332 16,200 16,069 Expense Interest expense: Related party 579,410 538,785 533,207 Other 931,816 734,780 765,848 1,511,226 1,273,565 1,299,055 Income (loss) before income taxes and equity in undistributed income (loss) of subsidiaries (1,460,894 ) (1,257,365 ) (1,282,986 ) Credit for income taxes (435,000 ) (415,000 ) (399,000 ) Income (loss) before equity in undistributed earnings of subsidiaries (1,025,894 ) (842,365 ) (883,986 ) Equity in undistributed income of subsidiaries 6,619,905 6,559,132 6,666,682 Net income $ 5,594,011 $ 5,716,767 $ 5,782,696
Condensed Cash Flow Statement [Table Text Block]	Condensed Statements of Cash Flows Years ended December 31, 2016 2015 2014 Cash Flows From Operating Activities Net income $ 5,594,011 $ 5,716,767 $ 5,782,696 Items not requiring (providing) cash: Equity in undistributed income of subsidiaries (6,619,905 ) (6,559,132 ) (6,666,682 ) Deferred income taxes 8,988 - (17,976 ) Stock award plan expense 373,782 285,589 242,189 Gain on investment securities (18,889 ) - - Changes in: Prepaid expenses and other assets (700 ) 2,060 157,745 Income taxes payable/refundable 139,837 1,096,653 326,287 Accrued expenses 32,450 (95,779 ) 55,519 Net cash provided by (used in) operating activities (490,426 ) 446,158 (120,222 ) Cash Flows From Investing Activities Proceeds from sales of AFS securities 121,101 - - Net cash provided by investing activities 121,101 - - Cash Flows From Financing Activities Proceeds from issuance of common stock - - 15,814,312 Stock options exercised 85,800 187,129 210,870 Cash dividends paid on common and preferred stock (1,415,180 ) (873,499 ) (844,786 ) Treasury Stock purchased (371,538 ) Redemption of preferred stock - - (12,000,000 ) Net cash provided by (used in) financing activities (1,700,918 ) (686,370 ) 3,180,396 Increase (Decrease) in cash (2,070,243 ) (240,212 ) 3,060,174 Cash, beginning of year 3,642,158 3,882,370 822,196 Cash, end of year $ 1,571,915 $ 3,642,158 $ 3,882,370
Condensed Statement of Comprehensive Income [Table Text Block]	Statements of Comprehensive Income Years ended December 31, 2016 2015 2014 NET INCOME $ 5,594,011 $ 5,716,767 $ 5,782,696 OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS): Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes 2,695 (5,507 ) 5,718 Income tax expense related to other items of comprehensive income (997 ) 2,038 2,117 Other comprehensive income (loss) 3,692 (7,545 ) 3,601 Comprehensive income (loss) of Bank (628,977 ) (227,990 ) 2,054,226 TOTAL COMPREHENSIVE INCOME $ 4,968,726 $ 5,481,232 $ 7,840,523

Note 21 - Unaudited Quarterly43

Note 21 - Unaudited Quarterly Operating Results (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Quarterly Financial Information [Table Text Block]	Year Ended December 31, 2016, Quarter ended Mar-16 Jun-16 Sep-16 Dec-16 Interest income $ 6,205,045 $ 6,204,314 $ 6,354,303 $ 6,625,664 Interest expense 1,025,411 1,026,782 1,056,181 1,068,638 Net interest income 5,179,634 5,177,532 5,298,122 5,557,026 Provision for loan losses 375,000 375,000 200,000 425,000 Gain on loans and investment securities 470,456 525,644 658,205 544,172 Other noninterest income, net 638,366 653,769 657,296 722,299 Noninterest expense 4,109,476 4,309,394 4,317,707 4,364,169 Income before income taxes 1,803,980 1,672,551 2,095,916 2,034,328 Provision for income taxes 527,375 416,399 554,009 514,981 Net income available to common shareholders $ 1,276,605 $ 1,256,152 $ 1,541,907 $ 1,519,347 Basic income per common share $ 0.29 $ 0.29 $ 0.35 $ 0.35 Diluted income per common share $ 0.29 $ 0.28 $ 0.35 $ 0.34 Year Ended December 31, 2015, Quarter ended Mar-15 Jun-15 Sep-15 Dec-15 Interest income $ 6,287,637 $ 6,386,510 $ 6,229,091 $ 6,286,396 Interest expense 1,091,690 1,112,376 1,046,661 1,029,155 Net interest income 5,195,947 5,274,134 5,182,430 5,257,241 Provision for loan losses 150,000 - 200,000 250,000 Gain on loans and investment securities 334,910 820,828 416,177 356,351 Other noninterest income, net 615,846 654,089 693,782 586,089 Noninterest expense 4,078,722 4,514,944 4,052,003 3,964,059 Income before income taxes 1,917,981 2,234,107 2,040,386 1,985,622 Provision for income taxes 588,437 696,158 621,751 554,983 Net income available to common shareholders $ 1,329,544 $ 1,537,949 $ 1,418,635 $ 1,430,639 Basic income per common share $ 0.31 $ 0.35 $ 0.33 $ 0.33 Diluted income per common share $ 0.30 $ 0.35 $ 0.32 $ 0.33

Note 1 - Nature of Operations44

Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2019
Cash Reserve Deposit Required and Made	$ 1,082,000
Capital Conservation Buffer	0.625%	0.00%
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	68,500	88,500	131,500
Scenario, Forecast [Member]
Capital Conservation Buffer				2.50%

Note 1 - Nature of Operations45

Note 1 - Nature of Operations and Summary of Significant Accounting Policies - Estimated Useful Lives of Property, Plant and Equipment (Details)	12 Months Ended
	Dec. 31, 2016
Building and Building Improvements [Member] | Minimum [Member]
Buildings and improvements (Year)	35 years
Building and Building Improvements [Member] | Maximum [Member]
Buildings and improvements (Year)	40 years
Furniture and Fixtures and Vehicles [Member] | Minimum [Member]
Buildings and improvements (Year)	3 years
Furniture and Fixtures and Vehicles [Member] | Maximum [Member]
Buildings and improvements (Year)	10 years

Note 1 - Nature of Operations46

Note 1 - Nature of Operations and Summary of Significant Accounting Policies - Capital Amounts and Ratios (Details) - Bank [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Tier 1 (core) capital to adjusted assets, actual, amount	$ 85,255	$ 78,635
Tier 1 (core) capital to adjusted assets, actual, ratio	12.50%	12.20%
Tier 1 (core) capital to adjusted assets, for capital adequacy, amount	$ 27,283	$ 25,844
Tier 1 (core) capital to adjusted assets, for capital adequacy, ratio	4.00%	4.00%
Tier 1 (core) capital to adjusted assets, under prompt corrective action, amount	$ 34,103	$ 32,305
Tier 1 (core) capital to adjusted assets, under prompt corrective action, ratio	5.00%	5.00%
Tier 1 (core) capital to risk-weighted assets, actual, amount	$ 85,255	$ 78,635
Tier 1 (core) capital to risk-weighted assets, actual, ratio	14.00%	13.40%
Tier 1 (core) capital to risk-weighted assets, for capital adequacy, amount	$ 36,434	$ 23,403
Tier 1 (core) capital to risk-weighted assets, for capital adequacy, ratio	6.00%	4.00%
Tier 1 (core) capital to risk-weighted assets, under prompt corrective action, amount	$ 48,578	$ 35,105
Tier 1 (core) capital to risk-weighted assets, under prompt corrective action, ratio	8.00%	6.00%
Total risk-based capital, actual, amount	$ 90,997	$ 84,447
Total risk-based capital, actual, ratio	15.00%	14.40%
Total risk-based capital, for capital adequacy, amount	$ 48,578	$ 46,806
Total risk-based capital, for capital adequacy, ratio	8.00%	8.00%
Total risk-based capital, under prompt corrective action, amount	$ 60,723	$ 58,508
Total risk-based capital, under prompt corrective action, ratio	10.00%	10.00%
Common equity tier 1 capital to risk-weighted assets, amount	$ 85,255	$ 78,635
Common equity tier 1 capital to risk-weighted assets, ratio	14.00%	13.40%
Common equity tier 1 capital to risk-weighted assets for capital adequacy, amount	$ 27,325	$ 26,329
Common equity tier 1 capital to risk-weighted assets, for capital adequacy, ratio	4.50%	4.50%
Common equity tier 1 capital to risk-weighted assets, under prompt corrective action, amount	$ 39,470	$ 38,030
Common equity tier 1 capital to risk-weighted assets, under prompt corrective action, ratio	6.50%	6.50%

Note 1 - Nature of Operations47

Note 1 - Nature of Operations and Summary of Significant Accounting Policies - Earnings Per Common Share (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net income available to common shareholders	$ 1,519,347	$ 1,541,907	$ 1,256,152	$ 1,276,605	$ 1,430,639	$ 1,418,635	$ 1,537,949	$ 1,329,544	$ 5,594,011	$ 5,716,767	$ 5,425,486
Weighted average common shares outstanding (in shares)									4,363,949	4,333,418	4,006,461
Effect of dilutive securities (in shares)									56,299	55,931	68,040
Weighted average diluted shares outstanding (in shares)									4,420,248	4,389,349	4,074,501
Basic income per common share (in dollars per share)	$ 0.35	$ 0.35	$ 0.29	$ 0.29	$ 0.33	$ 0.33	$ 0.35	$ 0.31	$ 1.28	$ 1.32	$ 1.35
Diluted income per common share (in dollars per share)	$ 0.34	$ 0.35	$ 0.28	$ 0.29	$ 0.33	$ 0.32	$ 0.35	$ 0.30	$ 1.27	$ 1.30	$ 1.33

Note 2 - Securities (Details Te

Note 2 - Securities (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Available-for-sale Securities Pledged as Collateral	$ 47,617,900	$ 52,095,842
Available-for-sale Securities, Gross Realized Gains	261,875	205,909	$ 320,888
Available-for-sale Securities, Gross Realized Losses	69,338	18,819	286,725
Availablefor Sale Securities Gross Realized Gain Loss Tax Effect	71,239	69,223	12,640
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 79,361,229	$ 68,123,480
Percentage of Securitiesin Continuous Unrealized Loss Positionto Total Investment Portfolio	86.00%	70.00%
Other than Temporary Impairment Losses, Investments	$ 0	$ 0	$ 0

Note 2 - Securities - Available

Note 2 - Securities - Available-for-sale Securities (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Available-for-sale securities, amortized cost	$ 94,477,285	$ 98,378,132
Available-for-sale securities, gross unrealized gains	139,155	326,180
Available-for-sale securities, gross unrealized (losses)	(2,217,205)	(1,411,825)
Available-for-sale securities, approximate fair value	92,399,235	97,292,487
Equity Securities [Member]
Available-for-sale securities, amortized cost		102,212
Available-for-sale securities, gross unrealized gains		10,081
Available-for-sale securities, gross unrealized (losses)		(12,776)
Available-for-sale securities, approximate fair value		99,517
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities, amortized cost	39,357,506	31,132,635
Available-for-sale securities, gross unrealized gains	65,673	302,335
Available-for-sale securities, gross unrealized (losses)	(1,085,654)	(85,808)
Available-for-sale securities, approximate fair value	38,337,525	31,349,162
Corporate Debt Securities [Member]
Available-for-sale securities, amortized cost	7,003,986	3,965,719
Available-for-sale securities, gross unrealized gains	54,050
Available-for-sale securities, gross unrealized (losses)	(4,514)	(152,019)
Available-for-sale securities, approximate fair value	7,053,522	3,813,700
US Government Agencies Debt Securities [Member]
Available-for-sale securities, amortized cost		8,533,885
Available-for-sale securities, gross unrealized gains
Available-for-sale securities, gross unrealized (losses)		(137,101)
Available-for-sale securities, approximate fair value		8,396,784
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Available-for-sale securities, amortized cost	48,115,793	54,643,681
Available-for-sale securities, gross unrealized gains	19,432	13,764
Available-for-sale securities, gross unrealized (losses)	(1,127,037)	(1,024,121)
Available-for-sale securities, approximate fair value	$ 47,008,188	$ 53,633,324

Note 2 - Securities - Availab50

Note 2 - Securities - Available-for-sale Securities by Maturity (Details)	Dec. 31, 2016USD ($)
1-5 years, amortized cost	$ 1,297,373
1-5 years, fair value	1,299,297
5-10 years, amortized cost	11,327,059
5-10 years, fair value	11,187,770
After ten years, amortized cost	33,737,060
After ten years, fair value	32,903,980
Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date, amortized cost	48,115,793
Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date, fair value	47,008,188
Amortized cost	94,477,285
Fair value	$ 92,399,235

Note 2 - Securities - Held-to-m

Note 2 - Securities - Held-to-maturity Securities (Details) - Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Held-to-maturity securities, amortized cost	$ 27,528	$ 43,099
Held-to-maturity securities, gross unrealized gains	625	836
Held-to-maturity securities, gross unrealized losses	0	0
Held-to-maturity securities, approximate fair value	28,153	43,935
Debt Securities:
Held-to-maturity securities, amortized cost	27,528	43,099
Held-to-maturity securities, gross unrealized gains	625	836
Held-to-maturity securities, gross unrealized losses	0	0
Held-to-maturity securities, approximate fair value	$ 28,153	$ 43,935

Note 2 - Securities - Held-to52

Note 2 - Securities - Held-to-maturity Securities By Maturity (Details)	Dec. 31, 2016USD ($)
Government sponsored mortgage-backed securities not due on a single maturity date, amortized cost	$ 27,528
Government sponsored mortgage-backed securities not due on a single maturity date, approximate fair value	$ 28,153

Note 2 - Securities - Securitie

Note 2 - Securities - Securities in a Continuous Unrealized Loss Position (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Securities, continuous unrealized loss position, less than 12 months, fair value	$ 74,651,451	$ 47,314,541
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(2,108,360)	(727,804)
Securities, continuous unrealized loss position, 12 months or more, fair value	4,709,778	20,808,939
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(108,845)	(684,021)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	79,361,229	68,123,480
Securities, continuous unrealized loss position, unrealized losses	(2,217,205)	(1,411,825)
Securities, continuous unrealized loss position, less than 12 months, fair value	74,651,451	47,314,541
Securities, continuous unrealized loss position, fair value	79,361,229	68,123,480
US States and Political Subdivisions Debt Securities [Member]
Securities, continuous unrealized loss position, less than 12 months, fair value	33,084,816	6,167,019
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(1,082,021)	(70,266)
Securities, continuous unrealized loss position, 12 months or more, fair value	179,402	715,410
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(3,633)	(15,542)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	33,264,218	6,882,429
Securities, continuous unrealized loss position, unrealized losses	(1,085,654)	(85,808)
Securities, continuous unrealized loss position, less than 12 months, fair value	33,084,816	6,167,019
Securities, continuous unrealized loss position, fair value	33,264,218	6,882,429
Equity Securities [Member]
Securities, continuous unrealized loss position, less than 12 months, fair value		0
Securities, continuous unrealized loss position, less than 12 months, unrealized losses		0
Securities, continuous unrealized loss position, 12 months or more, fair value		35,151
Securities, continuous unrealized loss position, 12 months or more, unrealized losses		(12,776)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		35,151
Securities, continuous unrealized loss position, unrealized losses		(12,776)
Securities, continuous unrealized loss position, less than 12 months, fair value		0
Securities, continuous unrealized loss position, fair value		35,151
Corporate Debt Securities [Member]
Securities, continuous unrealized loss position, less than 12 months, fair value	1,996,172	1,675,500
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(3,828)	(79,708)
Securities, continuous unrealized loss position, 12 months or more, fair value	881,100	2,138,200
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(686)	(72,311)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	2,877,272	3,813,700
Securities, continuous unrealized loss position, unrealized losses	(4,514)	(152,019)
Securities, continuous unrealized loss position, less than 12 months, fair value	1,996,172	1,675,500
Securities, continuous unrealized loss position, fair value	2,877,272	3,813,700
US Government Agencies Debt Securities [Member]
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)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		8,396,784
Securities, continuous unrealized loss position, unrealized losses		(137,101)
Securities, continuous unrealized loss position, less than 12 months, fair value		6,399,920
Securities, continuous unrealized loss position, fair value		8,396,784
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities, continuous unrealized loss position, less than 12 months, fair value	39,570,463	33,072,102
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(1,022,511)	(493,865)
Securities, continuous unrealized loss position, 12 months or more, fair value	3,649,276	15,923,314
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(104,526)	(530,256)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	43,219,739	48,995,416
Securities, continuous unrealized loss position, unrealized losses	(1,127,037)	(1,024,121)
Securities, continuous unrealized loss position, less than 12 months, fair value	39,570,463	33,072,102
Securities, continuous unrealized loss position, fair value	$ 43,219,739	$ 48,995,416

Note 3 - Loans and Allowance 54

Note 3 - Loans and Allowance for Loan Losses (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Impaired Financing Receivable, Interest Income, Accrual Method	$ 2,000	$ 4,000	$ 200,000
Impaired Financing Receivable, Average Recorded Investment	12,010,000	8,110,000	8,665,000
Allowance for Loan and Lease Losses, Write-offs	$ 1,699,000	$ 1,451,000	$ 2,715,000
Weighted Average Interest Rate On Loans Receivable	4.81%	4.87%
Mortgage Receivable [Member]
Servicing Asset at Amortized Cost	$ 54,722	$ 64,220
Commercial Loans [Member]
Servicing Asset at Amortized Cost	5,978,363	7,629,058
Troubled Debt Restructurings [Member]
Allowance for Loan and Lease Losses, Period Increase (Decrease)	41,458	0
Allowance for Loan and Lease Losses, Write-offs	$ 0	$ 1,233,075

Note 3 - Loans and Allowance 55

Note 3 - Loans and Allowance for Loan Losses - Loans By Category (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Loans receivable	$ 544,398,300	$ 497,147,333
Allowance for loan losses	(5,742,449)	(5,811,940)	$ (6,589,000)	$ (7,802,000)
Deferred loan fees/costs, net	(382,211)	(333,486)
Net loans	538,273,640	491,001,907
Residential Portfolio Segment [Member] | One To Four Family Units [Member]
Loans receivable	106,410,559	98,257,417
Allowance for loan losses	(856,000)	(821,000)	(900,000)	(997,000)
Residential Portfolio Segment [Member] | Multi Family Units [Member]
Loans receivable	48,483,523	41,603,670
Allowance for loan losses	(206,000)	(177,000)	(127,000)	(209,000)
Residential Portfolio Segment [Member] | Construction Loans [Member]
Loans receivable	40,912,307	45,462,895
Allowance for loan losses	(1,377,000)	(1,246,000)	(1,330,000)	(2,387,000)
Commercial Real Estate Portfolio Segment [Member]
Loans receivable	249,580,873	208,824,573
Commercial Portfolio Segment [Member]
Loans receivable	75,404,732	81,006,897
Allowance for loan losses	(1,168,000)	(1,382,000)	(1,954,000)	(1,519,000)
Consumer Portfolio Segment [Member] | Other Loans [Member]
Loans receivable	23,606,306	21,991,881
Allowance for loan losses	$ (337,000)	$ (223,000)	$ (185,000)	$ (272,000)

Note 3 - Loans and Allowance 56

Note 3 - Loans and Allowance for Loan Losses - Loans by Aging (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Loans receivable, past due	$ 1,596,000	$ 2,689,000
Loans receivable, current	542,802,000	494,458,000
Loans receivable	544,398,300	497,147,333
Loans receivable, past due and accruing
Residential Portfolio Segment [Member] | One To Four Family Units [Member]
Loans receivable, past due	965,000	273,000
Loans receivable, current	105,446,000	97,984,000
Loans receivable	106,410,559	98,257,417
Loans receivable, past due and accruing
Residential Portfolio Segment [Member] | Multi Family Units [Member]
Loans receivable, past due
Loans receivable, current	48,483,000	41,604,000
Loans receivable	48,483,523	41,603,670
Loans receivable, past due and accruing
Residential Portfolio Segment [Member] | Construction Loans [Member]
Loans receivable, past due
Loans receivable, current	40,912,000	45,463,000
Loans receivable	40,912,307	45,462,895
Loans receivable, past due and accruing
Commercial Real Estate Portfolio Segment [Member]
Loans receivable, past due		1,079,000
Loans receivable, current	249,581,000	207,745,000
Loans receivable	249,580,873	208,824,573
Loans receivable, past due and accruing
Commercial Portfolio Segment [Member]
Loans receivable, past due	593,000	1,327,000
Loans receivable, current	74,812,000	79,680,000
Loans receivable	75,404,732	81,006,897
Loans receivable, past due and accruing
Consumer Portfolio Segment [Member] | Other Loans [Member]
Loans receivable, past due	38,000	10,000
Loans receivable, current	23,568,000	21,982,000
Loans receivable	23,606,306	21,991,881
Loans receivable, past due and accruing
Financing Receivables, 30 to 59 Days Past Due [Member]
Loans receivable, past due	367,000	90,000
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | One To Four Family Units [Member]
Loans receivable, past due	367,000
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | Multi Family Units [Member]
Loans receivable, past due
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | Construction Loans [Member]
Loans receivable, past due
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans receivable, past due
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Loans receivable, past due		88,000
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member]
Loans receivable, past due		2,000
Financing Receivables, 60 to 89 Days Past Due [Member]
Loans receivable, past due	495,000	176,000
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | One To Four Family Units [Member]
Loans receivable, past due	495,000	168,000
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | Multi Family Units [Member]
Loans receivable, past due
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | Construction Loans [Member]
Loans receivable, past due
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans receivable, past due
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Loans receivable, past due
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member]
Loans receivable, past due		8,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans receivable, past due	734,000	2,423,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | One To Four Family Units [Member]
Loans receivable, past due	103,000	105,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | Multi Family Units [Member]
Loans receivable, past due
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | Construction Loans [Member]
Loans receivable, past due
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans receivable, past due		1,079,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Loans receivable, past due	593,000	1,239,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member]
Loans receivable, past due	$ 38,000

Note 3 - Loans and Allowance 57

Note 3 - Loans and Allowance for Loan Losses - Nonaccruing Loans (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Nonaccruing loans	$ 8,631,639	$ 13,755,475
Residential Portfolio Segment [Member] | One To Four Family Units [Member]
Nonaccruing loans	2,060,180	2,272,535
Residential Portfolio Segment [Member] | Multi Family Units [Member]
Nonaccruing loans
Residential Portfolio Segment [Member] | Construction Loans [Member]
Nonaccruing loans	5,446,896	8,079,807
Commercial Real Estate Portfolio Segment [Member]
Nonaccruing loans	161,491	1,240,909
Commercial Portfolio Segment [Member]
Nonaccruing loans	925,281	2,149,333
Consumer Portfolio Segment [Member] | Other Loans [Member]
Nonaccruing loans	$ 37,791	$ 12,891

Note 3 - Loans and Allowance 58

Note 3 - Loans and Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Balance, beginning of year				$ 5,811,940				$ 6,589,000	$ 5,811,940	$ 6,589,000	$ 7,802,000
Provision for Loan Losses	$ 425,000	$ 200,000	$ 375,000	375,000	$ 250,000	$ 200,000		150,000	1,375,000	600,000	1,275,000
Losses charged off									(1,699,000)	(1,451,000)	(2,715,000)
Recoveries									254,000	74,000	227,000
Balance, end of year	5,742,449				5,811,940				5,742,449	5,811,940	6,589,000
Ending balance: individually evaluated for impairment	602,000				865,000				602,000	865,000	785,000
Ending balance: collectively evaluated for impairment	5,140,000				4,947,000				5,140,000	4,947,000	5,804,000
Ending balance: individually evaluated for impairment	8,699,000				14,730,000				8,699,000	14,730,000	6,028,000
Ending balance: collectively evaluated for impairment	535,699,000				482,417,000				535,699,000	482,417,000	487,409,000
Residential Portfolio Segment [Member] | Construction Loans [Member]
Balance, beginning of year				1,246,000				1,330,000	1,246,000	1,330,000	2,387,000
Provision for Loan Losses									1,262,000	1,139,000	(651,000)
Losses charged off									(1,222,000)	(1,233,000)	(411,000)
Recoveries									91,000	10,000	5,000
Balance, end of year	1,377,000				1,246,000				1,377,000	1,246,000	1,330,000
Ending balance: individually evaluated for impairment	302,000				540,000				302,000	540,000	376,000
Ending balance: collectively evaluated for impairment	1,075,000				706,000				1,075,000	706,000	954,000
Ending balance: individually evaluated for impairment	5,447,000				8,080,000				5,447,000	8,080,000	2,893,000
Ending balance: collectively evaluated for impairment	35,465,000				37,383,000				35,465,000	37,383,000	33,892,000
Residential Portfolio Segment [Member] | One To Four Family Units [Member]
Balance, beginning of year				821,000				900,000	821,000	900,000	997,000
Provision for Loan Losses									48,000	0	21,000
Losses charged off									(47,000)	(99,000)	(127,000)
Recoveries									34,000	20,000	9,000
Balance, end of year	856,000				821,000				856,000	821,000	900,000
Ending balance: individually evaluated for impairment	14,000				0				14,000	0	36,000
Ending balance: collectively evaluated for impairment	842,000				821,000				842,000	821,000	864,000
Ending balance: individually evaluated for impairment	2,060,000				2,272,000				2,060,000	2,272,000	847,000
Ending balance: collectively evaluated for impairment	104,351,000				95,985,000				104,351,000	95,985,000	97,054,000
Residential Portfolio Segment [Member] | Multi Family Units [Member]
Balance, beginning of year				177,000				127,000	177,000	127,000	209,000
Provision for Loan Losses									29,000	50,000	(82,000)
Losses charged off									0	0	0
Recoveries									0	0	0
Balance, end of year	206,000				177,000				206,000	177,000	127,000
Ending balance: individually evaluated for impairment	0				0				0	0
Ending balance: collectively evaluated for impairment	206,000				177,000				206,000	177,000	127,000
Ending balance: individually evaluated for impairment	0				0				0	0
Ending balance: collectively evaluated for impairment	48,483,000				41,604,000				48,483,000	41,604,000	33,786,000
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Balance, beginning of year				1,526,000				1,992,000	1,526,000	1,992,000	2,059,000
Provision for Loan Losses									198,000	(466,000)	(157,000)
Losses charged off									(69,000)	0	(9,000)
Recoveries									32,000	0	99,000
Balance, end of year	1,687,000				1,526,000				1,687,000	1,526,000	1,992,000
Ending balance: individually evaluated for impairment	0				0				0	0	158,000
Ending balance: collectively evaluated for impairment	1,687,000				1,526,000				1,687,000	1,526,000	1,834,000
Ending balance: individually evaluated for impairment	161,000				1,241,000				161,000	1,241,000	460,000
Ending balance: collectively evaluated for impairment	249,420,000				207,583,000				249,420,000	207,583,000	215,145,000
Commercial Portfolio Segment [Member]
Balance, beginning of year				1,382,000				1,954,000	1,382,000	1,954,000	1,519,000
Provision for Loan Losses									(51,000)	(576,000)	2,388,000
Losses charged off									(171,000)	0	(2,018,000)
Recoveries									8,000	4,000	65,000
Balance, end of year	1,168,000				1,382,000				1,168,000	1,382,000	1,954,000
Ending balance: individually evaluated for impairment	241,000				312,000				241,000	312,000	203,000
Ending balance: collectively evaluated for impairment	927,000				1,070,000				927,000	1,070,000	1,751,000
Ending balance: individually evaluated for impairment	925,000				2,149,000				925,000	2,149,000	1,027,000
Ending balance: collectively evaluated for impairment	74,480,000				78,858,000				74,480,000	78,858,000	91,087,000
Consumer Portfolio Segment [Member] | Other Loans [Member]
Balance, beginning of year				223,000				185,000	223,000	185,000	272,000
Provision for Loan Losses									215,000	117,000	14,000
Losses charged off									(190,000)	(119,000)	(150,000)
Recoveries									89,000	40,000	49,000
Balance, end of year	337,000				223,000				337,000	223,000	185,000
Ending balance: individually evaluated for impairment	45,000				13,000				45,000	13,000	12,000
Ending balance: collectively evaluated for impairment	292,000				210,000				292,000	210,000	173,000
Ending balance: individually evaluated for impairment	106,000				988,000				106,000	988,000	801,000
Ending balance: collectively evaluated for impairment	23,500,000				21,004,000				23,500,000	21,004,000	16,445,000
Unallocated [Member]
Balance, beginning of year				$ 437,000				$ 101,000	437,000	101,000	359,000
Provision for Loan Losses									(326,000)	336,000	(258,000)
Losses charged off									0	0	0
Recoveries									0	0	0
Balance, end of year	111,000				437,000				111,000	437,000	101,000
Ending balance: individually evaluated for impairment	0				0				0	0	0
Ending balance: collectively evaluated for impairment	111,000				437,000				111,000	437,000	101,000
Ending balance: individually evaluated for impairment	0				0				0	0	0
Ending balance: collectively evaluated for impairment	$ 0				$ 0				$ 0	$ 0	$ 0

Note 3 - Loans and Allowance 59

Note 3 - Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Valuation allowance	$ 602,000	$ 865,000
Loans recorded balance	8,699,000	14,730,000
Loans unpaid principal	10,384,000	17,521,000
Loans average investment in impaired loans	12,010,000	8,110,000	$ 8,665,000
Loans interest income recognized	2,000	4,000	200,000
Loans with a specific valuation allowance
Valuation allowance	602,000	865,000
Total
Loans recorded balance	8,699,000	14,730,000
Loans unpaid principal	10,384,000	17,521,000
Valuation allowance	602,000	865,000
Loans average investment in impaired loans	12,010,000	8,110,000	8,665,000
Loans interest income recognized	2,000	4,000	$ 200,000
Residential Portfolio Segment [Member] | One To Four Family Units [Member]
Loans without a specific valuation allowance, recorded balance	2,006,000	2,272,000
Loans without a specific valuation allowance, unpaid principal	2,006,000	2,272,000
Loans without a specific valuation allowance, average investment in impaired loans	2,165,000	1,270,000
Loans without a specific valuation allowance, interest income recognized	0	3,000
Loans with a specific valuation allowance, recorded balance	54,000
Loans with a specific valuation allowance, unpaid principal	54,000
Valuation allowance	14,000
Loans with a specific valuation allowance, average investment in impaired loans	27,000	228,000
Loans with a specific valuation allowance, interest income recognized	0	0
Loans recorded balance	2,060,000	2,272,000
Loans unpaid principal	2,060,000	2,272,000
Loans average investment in impaired loans	2,192,000	1,498,000
Loans interest income recognized	0	3,000
Loans with a specific valuation allowance
Loans with a specific valuation allowance, recorded balance	54,000
Loans with a specific valuation allowance, unpaid principal	54,000
Valuation allowance	14,000
Loans with a specific valuation allowance, average investment in impaired loans	27,000	228,000
Loans with a specific valuation allowance, interest income recognized	0	0
Total
Loans recorded balance	2,060,000	2,272,000
Loans unpaid principal	2,060,000	2,272,000
Valuation allowance	14,000
Loans average investment in impaired loans	2,192,000	1,498,000
Loans interest income recognized	0	3,000
Residential Portfolio Segment [Member] | Multi Family Units [Member]
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, 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
Loans recorded balance	0	0
Loans unpaid principal	0	0
Loans average investment in impaired loans	0	0
Loans 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	0
Loans interest income recognized	0	0
Residential Portfolio Segment [Member] | Construction Loans [Member]
Loans without a specific valuation allowance, recorded balance	3,017,000	5,730,000
Loans without a specific valuation allowance, unpaid principal	3,017,000	5,730,000
Loans without a specific valuation allowance, average investment in impaired loans	5,427,000	1,636,000
Loans without a specific valuation allowance, interest income recognized	0	0
Loans with a specific valuation allowance, recorded balance	2,430,000	2,350,000
Loans with a specific valuation allowance, unpaid principal	3,663,000	4,838,000
Valuation allowance	302,000	540,000
Loans with a specific valuation allowance, average investment in impaired loans	2,195,000	3,255,000
Loans with a specific valuation allowance, interest income recognized	0	0
Loans recorded balance	5,447,000	8,080,000
Loans unpaid principal	6,680,000	10,568,000
Loans average investment in impaired loans	7,622,000	4,891,000
Loans interest income recognized	0	0
Loans with a specific valuation allowance
Loans with a specific valuation allowance, recorded balance	2,430,000	2,350,000
Loans with a specific valuation allowance, unpaid principal	3,663,000	4,838,000
Valuation allowance	302,000	540,000
Loans with a specific valuation allowance, average investment in impaired loans	2,195,000	3,255,000
Loans with a specific valuation allowance, interest income recognized	0	0
Total
Loans recorded balance	5,447,000	8,080,000
Loans unpaid principal	6,680,000	10,568,000
Valuation allowance	302,000	540,000
Loans average investment in impaired loans	7,622,000	4,891,000
Loans interest income recognized	0	0
Commercial Real Estate Portfolio Segment [Member]
Loans without a specific valuation allowance, recorded balance	161,000	1,241,000
Loans without a specific valuation allowance, unpaid principal	161,000	1,241,000
Loans without a specific valuation allowance, average investment in impaired loans	540,000	234,000
Loans without a specific valuation allowance, interest income recognized	0	0
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	139,000
Loans with a specific valuation allowance, interest income recognized	0	0
Loans recorded balance	161,000	1,241,000
Loans unpaid principal	161,000	1,241,000
Loans average investment in impaired loans	679,000	234,000
Loans 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	139,000
Loans with a specific valuation allowance, interest income recognized	0	0
Total
Loans recorded balance	161,000	1,241,000
Loans unpaid principal	161,000	1,241,000
Valuation allowance	0	0
Loans average investment in impaired loans	679,000	234,000
Loans interest income recognized	0	0
Commercial Portfolio Segment [Member]
Loans without a specific valuation allowance, recorded balance	622,000	1,538,000
Loans without a specific valuation allowance, unpaid principal	622,000	1,538,000
Loans without a specific valuation allowance, average investment in impaired loans	868,000	665,000
Loans without a specific valuation allowance, interest income recognized	0	0
Loans with a specific valuation allowance, recorded balance	303,000	611,000
Loans with a specific valuation allowance, unpaid principal	755,000	914,000
Valuation allowance	241,000	312,000
Loans with a specific valuation allowance, average investment in impaired loans	447,000	616,000
Loans with a specific valuation allowance, interest income recognized	0	0
Loans recorded balance	925,000	2,149,000
Loans unpaid principal	1,377,000	2,452,000
Loans average investment in impaired loans	1,315,000	1,281,000
Loans interest income recognized	0	0
Loans with a specific valuation allowance
Loans with a specific valuation allowance, recorded balance	303,000	611,000
Loans with a specific valuation allowance, unpaid principal	755,000	914,000
Valuation allowance	241,000	312,000
Loans with a specific valuation allowance, average investment in impaired loans	447,000	616,000
Loans with a specific valuation allowance, interest income recognized	0	0
Total
Loans recorded balance	925,000	2,149,000
Loans unpaid principal	1,377,000	2,452,000
Valuation allowance	241,000	312,000
Loans average investment in impaired loans	1,315,000	1,281,000
Loans interest income recognized	0	0
Consumer Portfolio Segment [Member] | Other Loans [Member]
Loans without a specific valuation allowance, recorded balance	3,000	904,000
Loans without a specific valuation allowance, unpaid principal	3,000	904,000
Loans without a specific valuation allowance, average investment in impaired loans	90,000	88,000
Loans without a specific valuation allowance, interest income recognized	2,000	1,000
Loans with a specific valuation allowance, recorded balance	103,000	84,000
Loans with a specific valuation allowance, unpaid principal	103,000	84,000
Valuation allowance	45,000	13,000
Loans with a specific valuation allowance, average investment in impaired loans	112,000	118,000
Loans with a specific valuation allowance, interest income recognized	0	0
Loans recorded balance	106,000	988,000
Loans unpaid principal	106,000	988,000
Loans average investment in impaired loans	202,000	206,000
Loans interest income recognized	2,000	1,000
Loans with a specific valuation allowance
Loans with a specific valuation allowance, recorded balance	103,000	84,000
Loans with a specific valuation allowance, unpaid principal	103,000	84,000
Valuation allowance	45,000	13,000
Loans with a specific valuation allowance, average investment in impaired loans	112,000	118,000
Loans with a specific valuation allowance, interest income recognized	0	0
Total
Loans recorded balance	106,000	988,000
Loans unpaid principal	106,000	988,000
Valuation allowance	45,000	13,000
Loans average investment in impaired loans	202,000	206,000
Loans interest income recognized	$ 2,000	$ 1,000

Note 3 - Loans and Allowance 60

Note 3 - Loans and Allowance for Loan Losses - Troubled Debt Restructurings (Details)	12 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Number of loans	2	16
Pre-modification outstanding recorded balance	$ 5,741,189	$ 9,146,742
Post-modification outstanding recorded balance	$ 5,741,189	$ 7,934,375
Residential Portfolio Segment [Member] | One To Four Family Units [Member]
Number of loans		7
Pre-modification outstanding recorded balance		$ 1,345,358
Post-modification outstanding recorded balance		$ 1,345,358
Residential Portfolio Segment [Member] | Multi Family Units [Member]
Number of loans
Pre-modification outstanding recorded balance
Post-modification outstanding recorded balance
Residential Portfolio Segment [Member] | Construction Loans [Member]
Number of loans		5
Pre-modification outstanding recorded balance		$ 6,889,044
Post-modification outstanding recorded balance		$ 5,655,969
Commercial Real Estate Portfolio Segment [Member]
Number of loans	1	1
Pre-modification outstanding recorded balance	$ 5,575,358	$ 161,491
Post-modification outstanding recorded balance	$ 5,575,358	$ 161,491
Commercial Portfolio Segment [Member]
Number of loans	1	3
Pre-modification outstanding recorded balance	$ 165,831	$ 750,849
Post-modification outstanding recorded balance	$ 165,831	$ 771,557
Consumer Portfolio Segment [Member] | Other Loans [Member]
Number of loans
Pre-modification outstanding recorded balance
Post-modification outstanding recorded balance

Note 3 - Loans and Allowance 61

Note 3 - Loans and Allowance for Loan Losses - Troubled Debt Restructurings by Modification Type (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Post-modification outstanding recorded balance	$ 5,741,189	$ 7,934,375
Interest Rate [Member]
Post-modification outstanding recorded balance	0	0
Term [Member]
Post-modification outstanding recorded balance	165,831	310,500
Combination [Member]
Post-modification outstanding recorded balance	5,575,358	7,623,875
Residential Portfolio Segment [Member] | One To Four Family Units [Member]
Post-modification outstanding recorded balance		1,345,358
Residential Portfolio Segment [Member] | One To Four Family Units [Member] | Interest Rate [Member]
Post-modification outstanding recorded balance	0	0
Residential Portfolio Segment [Member] | One To Four Family Units [Member] | Term [Member]
Post-modification outstanding recorded balance	0	0
Residential Portfolio Segment [Member] | One To Four Family Units [Member] | Combination [Member]
Post-modification outstanding recorded balance	0	1,345,358
Residential Portfolio Segment [Member] | Multi Family Units [Member]
Post-modification outstanding recorded balance
Residential Portfolio Segment [Member] | Multi Family Units [Member] | Interest Rate [Member]
Post-modification outstanding recorded balance	0	0
Residential Portfolio Segment [Member] | Multi Family Units [Member] | Term [Member]
Post-modification outstanding recorded balance	0	0
Residential Portfolio Segment [Member] | Multi Family Units [Member] | Combination [Member]
Post-modification outstanding recorded balance	0	0
Residential Portfolio Segment [Member] | Construction Loans [Member]
Post-modification outstanding recorded balance		5,655,969
Residential Portfolio Segment [Member] | Construction Loans [Member] | Interest Rate [Member]
Post-modification outstanding recorded balance	0	0
Residential Portfolio Segment [Member] | Construction Loans [Member] | Term [Member]
Post-modification outstanding recorded balance	0	0
Residential Portfolio Segment [Member] | Construction Loans [Member] | Combination [Member]
Post-modification outstanding recorded balance	0	5,655,969
Commercial Real Estate Portfolio Segment [Member]
Post-modification outstanding recorded balance	5,575,358	161,491
Commercial Real Estate Portfolio Segment [Member] | Interest Rate [Member]
Post-modification outstanding recorded balance	0	0
Commercial Real Estate Portfolio Segment [Member] | Term [Member]
Post-modification outstanding recorded balance	0	0
Commercial Real Estate Portfolio Segment [Member] | Combination [Member]
Post-modification outstanding recorded balance	5,575,358	161,491
Commercial Portfolio Segment [Member]
Post-modification outstanding recorded balance	165,831	771,557
Commercial Portfolio Segment [Member] | Interest Rate [Member]
Post-modification outstanding recorded balance	0	0
Commercial Portfolio Segment [Member] | Term [Member]
Post-modification outstanding recorded balance	165,831	310,500
Commercial Portfolio Segment [Member] | Combination [Member]
Post-modification outstanding recorded balance	0	461,057
Consumer Portfolio Segment [Member] | Other Loans [Member]
Post-modification outstanding recorded balance
Consumer Portfolio Segment [Member] | Other Loans [Member] | Interest Rate [Member]
Post-modification outstanding recorded balance	0	0
Consumer Portfolio Segment [Member] | Other Loans [Member] | Term [Member]
Post-modification outstanding recorded balance	0	0
Consumer Portfolio Segment [Member] | Other Loans [Member] | Combination [Member]
Post-modification outstanding recorded balance	$ 0	$ 0

Note 3 - Loans and Allowance 62

Note 3 - Loans and Allowance for Loan Losses - Loan Portfolio By Credit Quality (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Rating:
Loans receivable	$ 544,398,300	$ 497,147,333
Residential Portfolio Segment [Member] | Construction Loans [Member]
Rating:
Loans receivable	40,912,307	45,462,895
Residential Portfolio Segment [Member] | One To Four Family Units [Member]
Rating:
Loans receivable	106,410,559	98,257,417
Residential Portfolio Segment [Member] | Multi Family Units [Member]
Rating:
Loans receivable	48,483,523	41,603,670
Commercial Real Estate Portfolio Segment [Member]
Rating:
Loans receivable	249,580,873	208,824,573
Commercial Portfolio Segment [Member]
Rating:
Loans receivable	75,404,732	81,006,897
Consumer Portfolio Segment [Member] | Other Loans [Member]
Rating:
Loans receivable	23,606,306	21,991,881
Pass [Member]
Rating:
Loans receivable	518,988,000	463,666,000
Pass [Member] | Residential Portfolio Segment [Member] | Construction Loans [Member]
Rating:
Loans receivable	35,465,000	37,383,000
Pass [Member] | Residential Portfolio Segment [Member] | One To Four Family Units [Member]
Rating:
Loans receivable	100,367,000	91,267,000
Pass [Member] | Residential Portfolio Segment [Member] | Multi Family Units [Member]
Rating:
Loans receivable	48,483,000	41,604,000
Pass [Member] | Commercial Real Estate Portfolio Segment [Member]
Rating:
Loans receivable	242,200,000	198,230,000
Pass [Member] | Commercial Portfolio Segment [Member]
Rating:
Loans receivable	69,093,000	73,407,000
Pass [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member]
Rating:
Loans receivable	23,380,000	21,775,000
Special Mention [Member]
Rating:
Loans receivable	13,016,000	9,243,000
Special Mention [Member] | Residential Portfolio Segment [Member] | Construction Loans [Member]
Rating:
Loans receivable	0	0
Special Mention [Member] | Residential Portfolio Segment [Member] | One To Four Family Units [Member]
Rating:
Loans receivable	2,591,000	3,319,000
Special Mention [Member] | Residential Portfolio Segment [Member] | Multi Family Units [Member]
Rating:
Loans receivable	0	0
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member]
Rating:
Loans receivable	5,922,000	3,657,000
Special Mention [Member] | Commercial Portfolio Segment [Member]
Rating:
Loans receivable	4,503,000	2,267,000
Special Mention [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member]
Rating:
Loans receivable	0	0
Substandard [Member]
Rating:
Loans receivable	11,810,000	23,635,000
Substandard [Member] | Residential Portfolio Segment [Member] | Construction Loans [Member]
Rating:
Loans receivable	5,447,000	8,080,000
Substandard [Member] | Residential Portfolio Segment [Member] | One To Four Family Units [Member]
Rating:
Loans receivable	3,453,000	3,671,000
Substandard [Member] | Residential Portfolio Segment [Member] | Multi Family Units [Member]
Rating:
Loans receivable	0	0
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member]
Rating:
Loans receivable	1,459,000	6,937,000
Substandard [Member] | Commercial Portfolio Segment [Member]
Rating:
Loans receivable	1,225,000	4,730,000
Substandard [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member]
Rating:
Loans receivable	226,000	217,000
Doubtful [Member]
Rating:
Loans receivable	584,000	603,000
Doubtful [Member] | Residential Portfolio Segment [Member] | Construction Loans [Member]
Rating:
Loans receivable	0	0
Doubtful [Member] | Residential Portfolio Segment [Member] | One To Four Family Units [Member]
Rating:
Loans receivable	0	0
Doubtful [Member] | Residential Portfolio Segment [Member] | Multi Family Units [Member]
Rating:
Loans receivable	0	0
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member]
Rating:
Loans receivable	0	0
Doubtful [Member] | Commercial Portfolio Segment [Member]
Rating:
Loans receivable	584,000	603,000
Doubtful [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member]
Rating:
Loans receivable	$ 0	$ 0

Note 4 - Premises and Equipme63

Note 4 - Premises and Equipment - Major Classifications of Premises and Equipment (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Land	$ 2,251,789	$ 2,250,789
Buildings and improvements	11,850,553	11,791,945
Automobile	25,115	25,115
Furniture, fixtures and equipment	11,357,768	10,746,555
Leasehold improvements	271,799	271,799
	25,757,024	25,086,203
Less accumulated depreciation	(14,885,985)	(14,545,775)
Net premises and equipment	$ 10,871,039	$ 10,540,428

Note 5 - Bank Owned Life Insu64

Note 5 - Bank Owned Life Insurance (Details Textual) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Cash Surrender Value of Life Insurance	$ 19,272,893	$ 18,779,915

Note 6 - Investments in Affor65

Note 6 - Investments in Affordable Housing Partnerships (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Minimum Compliance Period for Tax Credits	15 years
Equity Method Investments	$ 1,871,582	$ 2,688,704
Effective Income Tax Rate Reconciliation, Tax Credit, Investment, Amount	1,221,394	1,221,394	$ 1,221,394
Amortization	$ 817,122	$ 885,478	$ 885,478

Note 7 - Deposits (Details Text

Note 7 - Deposits (Details Textual) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Time Deposits, $100,000 or More	$ 63,697,000	$ 63,442,000
Time Deposits, at or Above FDIC Insurance Limit	11,798,000	6,009,000
Interest-bearing Domestic Deposit, Brokered	$ 41,456,000	$ 45,794,000

Note 7 - Deposits - Deposits (D

Note 7 - Deposits - Deposits (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Demand, weighted average rate	0.01%	0.00%
Demand, balance	$ 80,910,910	$ 67,897,263
Demand, percentage of deposits	16.00%	13.10%
NOW, weighted average rate	0.30%	0.31%
NOW, balance	$ 129,137,807	$ 137,472,955
NOW, percentage of deposits	25.60%	26.60%
Money market, weighted average rate	0.45%	0.42%
Money market, balance	$ 155,529,796	$ 170,602,458
Money market, percentage of deposits	30.80%	33.00%
Savings, weighted average rate	0.20%	0.20%
Savings, balance	$ 28,095,248	$ 25,864,718
Savings, percentage of deposits	5.50%	5.00%
Weighted average rate	0.43%	0.43%
Deposits	$ 505,362,750	$ 517,385,695
Percentage of deposits	100.00%	100.00%
Certificates, weighted average rate	0.90%	0.91%
Certificates, balance	$ 111,688,989	$ 115,548,301
Certificates, percentage of deposits	22.10%	22.30%
Deposits not Including Time Deposits [Member]
Weighted average rate	0.29%	0.30%
Deposits	$ 393,673,761	$ 401,837,394
Percentage of deposits	77.90%	77.70%
Certificates Of Deposit 0 to 1.99% [Member]
Certificates, weighted average rate	0.54%	0.54%
Certificates, balance	$ 57,349,324	$ 61,061,577
Certificates, percentage of deposits	11.30%	11.70%
Certificates Of Deposit 1 To 1.99% [Member]
Certificates, weighted average rate	1.28%	1.31%
Certificates, balance	$ 54,319,296	$ 53,142,739
Certificates, percentage of deposits	10.80%	10.20%
Certificates Of Deposit 2 To 3.99% [Member]
Certificates, weighted average rate	2.14%	2.17%
Certificates, balance	$ 20,369	$ 1,343,985
Certificates, percentage of deposits	0.00%	0.30%

Note 7 - Deposits - Certificate

Note 7 - Deposits - Certificates of Deposit by Maturity (Details)	Dec. 31, 2016USD ($)
2,017	$ 71,182,536
2,018	20,032,460
2,019	10,262,403
2,020	4,787,609
2,021	4,003,063
Thereafter	1,420,918
	$ 111,688,989

Note 7 - Deposits - Interest Ex

Note 7 - Deposits - Interest Expense on Deposits (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
NOW and Money Market accounts	$ 1,235,359	$ 1,276,808	$ 1,242,158
Savings accounts	55,094	49,467	49,071
Certificate accounts	1,002,872	1,102,928	1,050,081
Early withdrawal penalties	(9,343)	(5,332)	(12,220)
	$ 2,283,982	$ 2,423,871	$ 2,329,090

Note 8 - Borrowings (Details Te

Note 8 - Borrowings (Details Textual) - USD ($)	1 Months Ended			12 Months Ended
	Jun. 30, 2015	May 31, 2013	Nov. 30, 2011	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Jan. 31, 2008
Federal Home Loan Bank Percentage of Fair Value of Collateral				35.00%
Proceeds from (Payments for) in Securities Sold under Agreements to Repurchase	$ (10,000,000)				$ (10,000,000)
Repayments of Lines of Credit, Prepayment Penalty, Securities Sold Under Agreements to Repurchase	$ 463,992
Barclays Capital Inc [Member]
Securities Sold under Agreements to Repurchase							$ 30,000,000
Assets Sold under Agreements to Repurchase, Interest Rate							2.65%
Repayments of Lines of Credit		$ 15,000,000	$ 5,000,000
Federal Home Loan Bank [Member]
Line of Credit Facility, Remaining Borrowing Capacity				59,800,000
Federal Reserve Bank Borrowings [Member]
Line of Credit Facility, Remaining Borrowing Capacity				25,200,000
Long-term Line of Credit				$ 0	$ 0
Mortgage Loans Freeof Other Pledges Liensand Encumbrances [Member]
Federal Home Loan Bank Percentage of Fair Value of Collateral				80.00%
Investment Securities Freeof Other Pledges Liensand Encumbrances [Member]
Federal Home Loan Bank Percentage of Fair Value of Collateral				95.00%

Note 8 - Borrowings - Federal H

Note 8 - Borrowings - Federal Home Loan Bank Advances (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Amount	$ 95,700,000	$ 52,100,000
Weighted average rate	1.72%	2.25%
Federal Home Loan Bank Advances Maturing in 2017 [Member]
Amount	$ 43,600,000
Weighted average rate	0.79%	0.00%
Federal Home Loan Bank Advances Maturing in 2018 [Member]
Amount	$ 50,000,000	$ 50,000,000
Weighted average rate	2.14%	2.14%
Federal Home Loan Bank Advances Maturing in 2019 [Member]
Amount	$ 2,100,000	$ 2,100,000
Weighted average rate	4.87%	4.87%

Note 9 - Subordinated Debentu72

Note 9 - Subordinated Debentures (Details Textual) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2005
Subordinated Debt	$ 15,465,000	$ 15,465,000
Guaranty Statutory Trust I [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted			$ 5,000,000
Subordinated Debt			5,155,000
Guaranty Statutory Trust II [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted			10,000,000
Subordinated Debt			$ 10,310,000

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Retained Earnings (Accumulated Deficit)	$ 57,347,282	$ 53,258,126
Allocation of Income to Bad Debt Deductions for Tax Purposes Only [Member]
Retained Earnings (Accumulated Deficit)	5,075,000	5,075,000
Unrecognized Tax Benefits	1,878,000	1,878,000
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Bad Debt Reserve for Tax Purposes of Qualified Lender	$ 0	$ 0

Note 10 - Income Taxes - The Pr

Note 10 - Income Taxes - The Provision (Credit) for Income Taxes (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Taxes currently payable									$ 1,889,673	$ 2,140,591	$ 1,445,947
Deferred income taxes									123,091	320,738	657,573
	$ 514,981	$ 554,009	$ 416,399	$ 527,375	$ 554,983	$ 621,751	$ 696,158	$ 588,437	$ 2,012,764	$ 2,461,329	$ 2,112,508

Note 10 - Income Taxes - Deferr

Note 10 - Income Taxes - Deferred Taxes (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Allowances for loan losses	$ 1,952,433	$ 1,976,060
Writedowns on foreclosed assets held for sale	681,281	773,652
Deferred loan fees/costs	56,209	123,390
Unrealized depreciation on available-for-sale securities	768,879	401,688
Tax Credits	521,441
Other	228,996	446,122
	4,209,239	3,720,912
Deferred tax liabilities:
FHLB stock dividends	(46,481)	(51,713)
Accumulated depreciation	(642,977)	(368,245)
Other	(45,646)	(70,849)
	(735,104)	(490,807)
Net deferred tax asset	$ 3,474,135	$ 3,230,105

Note 10 - Income Taxes - A Reco

Note 10 - Income Taxes - A Reconciliation of Income Tax Expense (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Computed at statutory rate	34.00%	34.00%	34.00%
State financial institution tax and credits	(4.20%)	(4.80%)	(3.40%)
Cash surrender value of life insurance	(2.20%)	(1.50%)	(1.60%)
Tax exempt interest	(3.30%)	(1.70%)	(1.40%)
Other	2.20%	4.10%	(0.80%)
Actual effective rate	26.50%	30.10%	26.80%

Note 11 - Disclosures About F77

Note 11 - Disclosures About Fair Value of Assets and Liabilities - Fair Value of Assets Measured on Recurring Basis (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Available-for-sale securities	$ 92,399,235	$ 97,292,487
Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities		99,000
Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	92,399,000	97,193,000
Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities	38,337,525	31,349,162
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	38,338,000	31,349,000
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities
Equity Securities [Member]
Available-for-sale securities		99,517
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities		99,000
Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities
Corporate Debt Securities [Member]
Available-for-sale securities	7,053,522	3,813,700
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	7,053,000	3,814,000
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities
US Government Agencies Debt Securities [Member]
Available-for-sale securities		8,396,784
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities		8,397,000
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Available-for-sale securities	47,008,188	53,633,324
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	47,008,000	53,633,000
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities

Note11 - Disclosures About Fair

Note11 - Disclosures About Fair Value of Assets and Liabilities - Fair Value of Assets Measured on Non-recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Impaired Loans [Member]
Assets measured at fair value on a nonrecurring basis	$ 1,006	$ 12,923
Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member]
Assets measured at fair value on a nonrecurring basis
Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member]
Assets measured at fair value on a nonrecurring basis
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member]
Assets measured at fair value on a nonrecurring basis	1,006	12,923
Foreclosed Assets Held For Sale [Member]
Assets measured at fair value on a nonrecurring basis	149
Foreclosed Assets Held For Sale [Member] | Fair Value, Inputs, Level 1 [Member]
Assets measured at fair value on a nonrecurring basis
Foreclosed Assets Held For Sale [Member] | Fair Value, Inputs, Level 2 [Member]
Assets measured at fair value on a nonrecurring basis
Foreclosed Assets Held For Sale [Member] | Fair Value, Inputs, Level 3 [Member]
Assets measured at fair value on a nonrecurring basis	$ 149

Note 11 - Disclosures About F79

Note 11 - Disclosures About Fair Value of Assets and Liabilities - Fair Value Quantitative Information (Details) - Fair Value, Inputs, Level 3 [Member] - Market Approach Valuation Technique [Member] - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Impaired Loans [Member]
Assets, fair value	$ 1,006,000	$ 5,000,000
Valuation technique	Market Comparable	Market Comparable
Unobservable input	Discount to reflect realizable value	Discount to reflect realizable value
Impaired Loans [Member] | Minimum [Member]
Range	0.00%	0.00%
Impaired Loans [Member] | Maximum [Member]
Range	100.00%	23.00%
Impaired Loans [Member] | Weighted Average [Member]
Range	7.00%	4.00%
Foreclosed Assets Held For Sale [Member]
Assets, fair value	$ 149
Valuation technique	Market Comparable	Market Comparable
Unobservable input	Discount to reflect realizable value	Discount to reflect realizable value
Range		0.00%
Foreclosed Assets Held For Sale [Member] | Minimum [Member]
Range
Foreclosed Assets Held For Sale [Member] | Maximum [Member]
Range	10.00%
Foreclosed Assets Held For Sale [Member] | Weighted Average [Member]
Range

Note 11 - Disclosures About F80

Note 11 - Disclosures About Fair Value of Assets and Liabilities - Fair Value of Financial Instruments (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Financial assets:
Cash and cash equivalents	$ 9,088,441	$ 18,774,419	$ 12,493,890	$ 12,303,200
Held-to-maturity securities	27,528	43,099
Federal Home Loan Bank stock	4,611,000	2,837,500
Mortgage loans held for sale	2,183,633	1,902,933
Loans, net	538,273,640	491,001,907
Interest receivable	1,947,063	1,986,692
Financial liabilities:
Deposits	505,362,750	517,385,695
FHLB and Federal Reserve advances	95,700,000	52,100,000
FHLB and Federal Reserve advances	95,764,840	53,227,960
Subordinated debentures	15,465,000	15,465,000
Interest payable	207,833	196,102
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	9,088,441	18,774,419
Cash and cash equivalents	9,088,441	18,774,419
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Held-to-maturity securities	27,528	43,099
Held-to-maturity securities	28,153	43,935
Federal Home Loan Bank stock	4,611,000	2,837,500
Federal Home Loan Bank stock	4,611,000	2,837,500
Mortgage loans held for sale	2,183,633	1,902,933
Mortgage loans held for sale	2,183,633	1,902,933
Interest receivable	1,947,063	1,986,692
Financial liabilities:
Deposits	505,362,750	517,385,695
Deposits	504,829,161	511,225,380
Interest payable	207,833	196,102
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Loans, net	538,273,640	491,001,907
Loans, net	537,645,692	495,207,798
Financial liabilities:
Subordinated debentures	15,465,000	15,465,000
Subordinated debentures	$ 15,465,000	$ 15,465,000

Note 13 - Employee Benefit Pl81

Note 13 - Employee Benefit Plans (Details Textual) - USD ($)	1 Months Ended				12 Months Ended
	Feb. 29, 2016	Jun. 30, 2015	Feb. 28, 2015	Feb. 28, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	May 27, 2015	May 26, 2010
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term					10 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage					20.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					5 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number					112,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term					1 year 127 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value					$ 660,120	$ 565,025
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value					660,120	565,025
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value					0	143,350	$ 361,517
Allocated Share-based Compensation Expense					393,638	297,295	254,340
Director [Member]
Restricted Stock or Unit Expense					126,032	124,910	122,538
Officer [Member]
Restricted Stock or Unit Expense					$ 267,606	$ 176,644	$ 102,099
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period					24,679	28,951	34,562
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized					$ 287,443
Restricted Stock [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	9,336	966	8,281	11,242
Share-based Compensation Arrangement by Share-based Payment Award Equity Instruments Other Than Options Cliff Vesting Period	1 year	3 years
Restricted Stock [Member] | Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period					15,343	19,704	23,320
Share-based Compensation Arrangement by Share-based Payment Award Equity Instruments Other Than Options Cliff Vesting Period					3 years	3 years	3 years
2015 Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized								250,000
2015 Equity Plan [Member] | Restricted Stock [Member]
Share Based Compensation Arrangement by Share Based Payment Award Equity Instruments Other Than Options Aggregate Grants					27,645
2010 Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized									200,000
2010 Equity Plan [Member] | Restricted Stock [Member]
Share Based Compensation Arrangement by Share Based Payment Award Equity Instruments Other Than Options Aggregate Grants					139,330
2010 Equity Plan [Member] | Employee Stock Option [Member]
Share Based Compensation Arrangement by Share Based Payment Award Options Aggregate Grants					25,000

Note 13 - Employee Benefit Pl82

Note 13 - Employee Benefit Plans - Stock Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Balance outstanding (in dollars per share)	$ 19.58	$ 18.23	$ 16.54
Granted (in dollars per share)
Exercised (in dollars per share)	5.20	5.22	5.33
Forfeited (in dollars per share)	$ 28.28	25.19	19.03
Balance outstanding (in shares)	112,500
Balance outstanding (in dollars per share)	$ 20.15	$ 19.58	$ 18.23
Options exercisable as of December 31, 2016 (in dollars per share)	$ 20.15
Incentive Stock Options [Member]
Balance outstanding (in shares)	91,500	140,300	168,100
Granted (in shares)
Exercised (in shares)	(11,500)	(10,800)	(25,100)
Forfeited (in shares)	(20,000)	(38,000)	(2,700)
Balance outstanding (in shares)	60,000	91,500	140,300
Options exercisable as of December 31, 2016 (in shares)	60,000
Non Incentive Stock Options [Member]
Balance outstanding (in shares)	57,500	82,500	121,000
Granted (in shares)
Exercised (in shares)	(5,000)	(25,000)	(14,500)
Forfeited (in shares)			(24,000)
Balance outstanding (in shares)	52,500	57,500	82,500
Options exercisable as of December 31, 2016 (in shares)	52,500

Note 13 - Employee Benefit Pl83

Note 13 - Employee Benefit Plans - Restricted Stock (Details) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Balance of shares non-vested (in shares)	43,477	30,503	27,629
Balance of shares non-vested (in dollars per share)	$ 12.75	$ 10.26	$ 7.39
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	24,679	28,951	34,562
Granted (in dollars per share)	$ 15.01	$ 14.78	$ 10.99
Vested (in shares)	(7,201)	(15,083)	(31,688)
Vested (in dollars per share)	$ 13.13	$ 11.64	$ 8.55
Forfeited (in shares)	0	(894)	0
Forfeited (in dollars per share)	$ 0	$ 12.26	$ 0
Balance of shares non-vested (in shares)	60,955	43,477	30,503
Balance of shares non-vested (in dollars per share)	$ 13.62	$ 12.75	$ 10.26

Note 15 - Preferred Stock and84

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

Note 16 - Common Stock Offeri85

Note 16 - Common Stock Offering (Details Textual) - USD ($)	Mar. 07, 2014	Jan. 30, 2009	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Proceeds from Issuance of Common Stock	$ 15,800,000				$ 15,814,312
Treasury Stock, Shares			2,465,476	2,466,462
Series A Preferred Stock [Member]
Stock Issued During Period, Shares, New Issues		17,000
Treasury Stock, Shares	12,000
Underwritten Offering [Member]
Proceeds from Issuance of Common Stock	$ 17,200,000
Underwritten Offering [Member] | Common Stock [Member]
Stock Issued During Period, Shares, New Issues	1,499,999
Over-Allotment Option [Member] | Common Stock [Member]
Stock Issued During Period, Shares, New Issues	195,652
Share Price	$ 11.50

Note 17 - Other Expenses - Othe

Note 17 - Other Expenses - Other Expenses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Directors compensation	$ 221,072	$ 216,770	$ 215,465
Outside services	132,500	75,000	96,660
Legal expense	251,051	275,657	246,545
Deposit expense	139,234	77,862	67,710
Office supplies	94,189	74,798	77,909
Telephone	158,434	141,674	118,268
Postage	141,529	155,901	149,379
Insurance	115,430	113,341	106,139
Supervisory exam	53,951	51,433	57,359
Accounting	210,939	171,759	217,280
Organization dues	145,709	137,723	146,845
Loan expense	271,739	397,438	269,016
Contributions	60,000	52,500	50,004
ATM expense	152,581	238,744	253,457
Other operating	673,565	491,941	641,638
	$ 2,821,923	$ 2,672,541	$ 2,713,674

Note 18 - Related Party Trans87

Note 18 - Related Party Transactions - Loans to Executive Officers and Directors (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Balance, beginning of year	$ 3,946,621	$ 4,409,644	$ 6,483,503
New Loans	3,112,689		394,269
Repayments	(1,237,174)	(463,023)	(2,468,128)
Balance, end of year	$ 5,822,136	$ 3,946,621	$ 4,409,644

Note 19 - Commitments and Cre88

Note 19 - Commitments and Credit Risk (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Letters of Credit Outstanding, Amount	$ 11,596,000	$ 12,135,000
Commercial Loans [Member] | Unused lines of Credit [Member]
Other Commitment	89,103,000	68,066,000
Open End Consumer Lines [Member] | Unused lines of Credit [Member]
Other Commitment	15,960,000	14,461,000
Confirming Letters of Credit From FHLB [Member]
Letters of Credit Outstanding, Amount	$ 19,725,000	20,028,000
Standby Letters of Credit [Member] | Minimum [Member]
Debt Instrument, Term	1 year
Standby Letters of Credit [Member] | Maximum [Member]
Debt Instrument, Term	2 years
Commitments to Originate Fixed Rate Mortgages [Member]
Other Commitment	$ 6,152,000	$ 4,218,000
Commitment, Mortgage Loan Origination, Disbursed Period	30 days

Note 20 - Condensed Parent Co89

Note 20 - Condensed Parent Company Statements - Balance Sheets (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
ASSETS
Cash	$ 9,088,441	$ 18,774,419	$ 12,493,890	$ 12,303,200
Available-for-sale securities	92,399,235	97,292,487
Deferred income taxes	3,474,135	3,230,105
	687,979,819	652,835,072
LIABILITIES
Subordinated debentures	15,465,000	15,465,000
STOCKHOLDERS' EQUITY
Common stock, $0.10 par value; authorized 10,000,000 shares; issued December 31, 2016 and 2015 - 6,875,503 and 6,859,003 shares, respectively	687,550	685,900
Additional paid-in capital	50,552,077	50,441,464
Retained earnings, substantially restricted	57,347,282	53,258,126
Unrealized loss on available-for-sale securities, net of income taxes; December 31, 2016 and 2015 - ($768,879) and ($401,688), respectively	(1,309,241)	(683,956)
Treasury stock	37,303,288	37,279,069
	687,979,819	652,835,072
Parent Company [Member]
ASSETS
Cash	1,571,915	3,642,158
Available-for-sale securities		99,517
Investment in subsidiary	83,946,411	77,953,486
Investment in Capital Trust I & II	465,000	465,000
Prepaid expenses and other assets	14,597	13,894
Refundable income taxes		119,379
Deferred income taxes		9,985
	85,997,923	82,303,419
LIABILITIES
Subordinated debentures	15,465,000	15,465,000
Accrued expenses and other liabilities	551,643	409,054
Due to subsidiary	6,900	6,900
STOCKHOLDERS' EQUITY
Common stock, $0.10 par value; authorized 10,000,000 shares; issued December 31, 2016 and 2015 - 6,875,503 and 6,859,003 shares, respectively	687,550	685,900
Additional paid-in capital	50,552,077	50,441,464
Retained earnings, substantially restricted	57,347,282	53,258,126
Unrealized loss on available-for-sale securities, net of income taxes; December 31, 2016 and 2015 - ($768,879) and ($401,688), respectively	(1,309,241)	(683,956)
Treasury stock	(37,303,288)	(37,279,069)
	$ 85,997,923	$ 82,303,419

Note 20 - Condensed Parent Co90

Note 20 - Condensed Parent Company Statements - Statements of Income (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interest Expense
Other									$ 2,821,923	$ 2,672,541	$ 2,713,674
Income before income taxes	$ 2,034,328	$ 2,095,916	$ 1,672,551	$ 1,803,980	$ 1,985,622	$ 2,040,386	$ 2,234,107	$ 1,917,981	7,606,775	8,178,096	7,895,204
Provision for income taxes	$ 514,981	$ 554,009	$ 416,399	$ 527,375	$ 554,983	$ 621,751	$ 696,158	$ 588,437	2,012,764	2,461,329	2,112,508
Net income									5,594,011	5,716,767	5,782,696
Parent Company [Member]
Dividends from subsidiary bank
Interest Income
Other									50,332	16,200	16,069
									50,332	16,200	16,069
Interest Expense
Related party									579,410	538,785	533,207
Other									931,816	734,780	765,848
									1,511,226	1,273,565	1,299,055
Income before income taxes									(1,460,894)	(1,257,365)	(1,282,986)
Provision for income taxes									(435,000)	(415,000)	(399,000)
Income (loss) before equity in undistributed earnings of subsidiaries									(1,025,894)	(842,365)	(883,986)
Equity in undistributed income of subsidiaries									6,619,905	6,559,132	6,666,682
Net income									$ 5,594,011	$ 5,716,767	$ 5,782,696

Note 20 - Condensed Parent Co91

Note 20 - Condensed Parent Company Statements - Statements of Cash Flows (Details) - USD ($)	Mar. 07, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME		$ 5,594,011	$ 5,716,767	$ 5,782,696
Items not requiring (providing) cash:
Stock award plans		373,782	285,589	242,189
Gain on sale of mortgage loans held for sale and investment securities		(1,901,015)	(1,758,087)	(1,015,766)
Changes in:
Prepaid expenses and other assets		563,696	1,005,159	1,006,688
Net cash provided by (used in) operating activities		8,469,338	7,839,094	9,499,989
Cash Flows From Investing Activities
Proceeds from sales of available-for-sale securities		76,480,961	33,059,741	41,759,062
Net cash provided by investing activities		(48,033,060)	(20,236,477)	(9,983,354)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Issuance of Common Stock	$ 15,800,000			15,814,312
Common and preferred cash dividends paid		(1,415,180)	(873,499)	(844,786)
Net cash provided by (used in) financing activities		29,877,744	18,677,912	674,055
Cash, beginning of year		3,561,272
Cash, end of year		3,769,478	3,561,272
Parent Company [Member]
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME		5,594,011	5,716,767	5,782,696
Items not requiring (providing) cash:
Equity in undistributed income of subsidiaries		(6,619,905)	(6,559,132)	(6,666,682)
Deferred income taxes		8,988		(17,976)
Stock award plans		373,782	285,589	242,189
Gain on sale of mortgage loans held for sale and investment securities		(18,889)
Changes in:
Prepaid expenses and other assets		(700)	2,060	157,745
Income taxes payable/refundable		139,837	1,096,653	326,287
Accrued expenses		32,450	(95,779)	55,519
Net cash provided by (used in) operating activities		(490,426)	446,158	(120,222)
Cash Flows From Investing Activities
Proceeds from sales of available-for-sale securities		121,101
Net cash provided by investing activities		121,101
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Issuance of Common Stock				15,814,312
Stock options exercised		85,800	187,129	210,870
Common and preferred cash dividends paid		(1,415,180)	(873,499)	(844,786)
Treasury Stock purchased		(371,538)
Redemption of preferred stock				(12,000,000)
Net cash provided by (used in) financing activities		(1,700,918)	(686,370)	3,180,396
Increase (Decrease) in cash		(2,070,243)	(240,212)	3,060,174
Cash, beginning of year		3,642,158	3,882,370	822,196
Cash, end of year		$ 1,571,915	$ 3,642,158	$ 3,882,370

Note 20 - Condensed Parent Co92

Note 20 - Condensed Parent Company Statements - Statements of Comprehensive Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
NET INCOME	$ 5,594,011	$ 5,716,767	$ 5,782,696
OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS):
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes	(799,869)	(186,775)	3,300,555
Income tax expense related to other items of comprehensive income	(367,121)	(138,330)	1,208,565
Comprehensive income (loss) of Bank	4,968,726	5,481,232	7,840,523
Parent Company [Member]
NET INCOME	5,594,011	5,716,767	5,782,696
OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS):
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes	2,695	(5,507)	5,718
Income tax expense related to other items of comprehensive income	(997)	2,038	2,117
Other comprehensive income (loss)	3,692	(7,545)	3,601
Comprehensive income (loss) of Bank	(628,977)	(227,990)	2,054,226
TOTAL COMPREHENSIVE INCOME	$ 4,968,726	$ 5,481,232	$ 7,840,523

Note 21 - Unaudited Quarterly93

Note 21 - Unaudited Quarterly Operating Results - Quarterly Financial Data (Unaudited) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interest income	$ 6,625,664	$ 6,354,303	$ 6,204,314	$ 6,205,045	$ 6,286,396	$ 6,229,091	$ 6,386,510	$ 6,287,637	$ 25,389,326	$ 25,189,634	$ 25,014,314
Interest expense	1,068,638	1,056,181	1,026,782	1,025,411	1,029,155	1,046,661	1,112,376	1,091,690	4,177,012	4,279,882	4,329,305
Net interest income	5,557,026	5,298,122	5,177,532	5,179,634	5,257,241	5,182,430	5,274,134	5,195,947	21,212,314	20,909,752	20,685,009
Provision for loan losses	425,000	200,000	375,000	375,000	250,000	200,000		150,000	1,375,000	600,000	1,275,000
Gain on loans and investment securities	544,172	658,205	525,644	470,456	356,351	416,177	820,828	334,910
Other noninterest income, net	722,299	657,296	653,769	638,366	586,089	693,782	654,089	615,846
Noninterest expense	4,364,169	4,317,707	4,309,394	4,109,476	3,964,059	4,052,003	4,514,944	4,078,722	17,100,746	16,609,728	14,864,924
Income before income taxes	2,034,328	2,095,916	1,672,551	1,803,980	1,985,622	2,040,386	2,234,107	1,917,981	7,606,775	8,178,096	7,895,204
Provision for income taxes	514,981	554,009	416,399	527,375	554,983	621,751	696,158	588,437	2,012,764	2,461,329	2,112,508
Net income available to common shareholders	$ 1,519,347	$ 1,541,907	$ 1,256,152	$ 1,276,605	$ 1,430,639	$ 1,418,635	$ 1,537,949	$ 1,329,544	$ 5,594,011	$ 5,716,767	$ 5,425,486
Basic income per common share (in dollars per share)	$ 0.35	$ 0.35	$ 0.29	$ 0.29	$ 0.33	$ 0.33	$ 0.35	$ 0.31	$ 1.28	$ 1.32	$ 1.35
Diluted income per common share (in dollars per share)	$ 0.34	$ 0.35	$ 0.28	$ 0.29	$ 0.33	$ 0.32	$ 0.35	$ 0.30	$ 1.27	$ 1.30	$ 1.33