Guaranty Federal Bancshares (GFED) 10-Q 13 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 02, 2017
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)		4,421,775
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 3,456,243	$ 3,769,478
Interest-bearing deposits in other financial institutions	7,264,941	5,318,963
Cash and cash equivalents	10,721,184	9,088,441
Available-for-sale securities	83,205,195	92,399,235
Held-to-maturity securities	18,424	27,528
Stock in Federal Home Loan Bank, at cost	4,137,500	4,611,000
Mortgage loans held for sale	2,516,520	2,183,633
Loans receivable, net of allowance for loan losses of September 30, 2017 - $7,009,097 - December 31, 2016 - $5,742,449	616,884,052	538,273,640
Accrued interest receivable	2,164,278	1,947,063
Prepaid expenses and other assets	4,283,144	2,961,336
Foreclosed assets held for sale	588,443	2,682,353
Premises and equipment, net	11,713,174	10,871,039
Bank owned life insurance	19,623,719	19,272,893
Deferred and income taxes receivable	3,483,169	3,661,658
	759,338,802	687,979,819
LIABILITIES
Deposits	584,088,617	505,362,750
Federal Home Loan Bank advances	82,800,000	95,700,000
Subordinated debentures	15,465,000	15,465,000
Advances from borrowers for taxes and insurance	515,087	192,460
Accrued expenses and other liabilities	1,562,509	1,077,396
Accrued interest payable	253,045	207,833
	684,684,258	618,005,439
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Common stock, $0.10 par value; authorized 10,000,000 shares; issued September 30, 2017 and December 31, 2016 - 6,875,503 shares	687,550	687,550
Additional paid-in capital	50,705,315	50,552,077
Retained earnings, substantially restricted	60,759,996	57,347,282
Accumulated other comprehensive loss	(372,776)	(1,309,241)
	111,780,085	107,277,668
Treasury stock, at cost; September 30, 2017 and December 31, 2016 - 2,453,728 and 2,465,476 shares, respectively	(37,125,541)	(37,303,288)
	74,654,544	69,974,380
	$ 759,338,802	$ 687,979,819

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Loans receivable, allowance for loans losses	$ 7,009,097	$ 5,742,449
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	6,875,503
Treasury stock, shares (in shares)	2,453,728	2,465,476

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Interest Income
Loans	$ 7,052,544	$ 5,854,069	$ 20,042,667	$ 17,184,094
Investment securities	431,560	461,587	1,361,069	1,445,151
Other	41,083	38,647	134,361	134,417
	7,525,187	6,354,303	21,538,097	18,763,662
Interest Expense
Deposits	893,197	560,168	2,261,752	1,715,179
FHLB and Federal Reserve advancese	419,918	349,575	1,269,543	963,847
Subordinated debentures	160,075	146,438	467,665	429,348
	1,473,190	1,056,181	3,998,960	3,108,374
Net Interest Income	6,051,997	5,298,122	17,539,137	15,655,288
Provision for loan losses	450,000	200,000	1,500,000	950,000
Net Interest Income After Provision for Loan Losses	5,601,997	5,098,122	16,039,137	14,705,288
Noninterest Income
Service charges	311,070	303,958	869,102	849,026
Gain on sale of investment securities	11,199	44,060	73,473	155,465
Gain on sale of mortgage loans held for sale	618,732	528,521	1,550,880	1,260,978
Gain on sale of Small Business Administration loans	228,895	85,624	484,240	237,862
Net gain (loss) on foreclosed assets	47,787	(33,808)	56,051	(53,313)
Other income	353,186	387,146	1,133,548	1,153,718
	1,570,869	1,315,501	4,167,294	3,603,736
Noninterest Expense
Salaries and employee benefits	3,052,417	2,694,069	8,844,836	7,950,867
Occupancy	591,961	465,237	1,563,344	1,343,062
FDIC deposit insurance premiums	63,522	117,311	176,011	362,025
Data processing	268,508	223,618	730,260	650,283
Advertising	131,250	131,250	393,750	393,750
Impairment on investment tax credits	146,857		146,857
Other expense	757,317	686,222	2,144,310	2,036,590
	5,011,832	4,317,707	13,999,368	12,736,577
Income Before Income Taxes	2,161,034	2,095,916	6,207,063	5,572,447
Provision for Income Taxes	443,651	554,009	1,467,866	1,497,783
Net Income Available to Common Shareholders	$ 1,717,383	$ 1,541,907	$ 4,739,197	$ 4,074,664
Basic Income Per Common Share (in dollars per share)	$ 0.39	$ 0.35	$ 1.08	$ 0.93
Diluted Income Per Common Share (in dollars per share)	$ 0.39	$ 0.35	$ 1.07	$ 0.92

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
NET INCOME	$ 1,717,383	$ 1,541,907	$ 4,739,197	$ 4,074,664
OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS):
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes	(39,661)	(272,470)	1,408,504	2,174,594
Change in unrealized gain (loss) on interest rate swaps, before income taxes	(76,222)		151,420
Less: Reclassification adjustment for realized gains on investment securities included in net income, before income taxes	(11,199)	(44,060)	(73,473)	(155,465)
Total other items of comprehensive income	(127,082)	(316,530)	1,486,451	2,019,129
Income tax expense (benefit) related to other items of comprehensive income	(47,022)	(117,115)	549,986	747,078
Other comprehensive income (loss)	(80,060)	(199,415)	936,465	1,272,051
TOTAL COMPREHENSIVE INCOME	$ 1,637,323	$ 1,342,492	$ 5,675,662	$ 5,346,715

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - 9 months ended Sep. 30, 2017 - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2016	$ 687,550	$ 50,552,077	$ (37,303,288)	$ 57,347,282	$ (1,309,241)	$ 69,974,380
Net income				4,739,197		4,739,197
Change in unrealized gain on available-for-sale securities and effect of interest rate swaps, net of income taxes					936,465	936,465
Dividends on common stock				(1,326,483)		(1,326,483)
Stock award plans		153,238	177,747			330,985
Balance at Sep. 30, 2017	$ 687,550	$ 50,705,315	$ (37,125,541)	$ 60,759,996	$ (372,776)	$ 74,654,544

Condensed Consolidated Stateme7

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) (Parentheticals)	9 Months Ended
	Sep. 30, 2017$ / shares
Retained Earnings [Member]
Common stock dividends (in dollars per share)	$ 0.30

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 4,739,197	$ 4,074,664
Items not requiring (providing) cash:
Deferred income taxes	(603,683)	(88,504)
Depreciation	791,473	615,224
Provision for loan losses	1,500,000	950,000
Gain on sale of mortgage loans held for sale and investment securities	(1,624,353)	(1,416,443)
(Gain) loss on sale of foreclosed assets	(119,157)	2,798
Gain on sale of Small Business Administration Loans	(484,240)	(237,862)
Amortization of deferred income, premiums and discounts	728,144	469,088
Stock award plan expense	330,985	293,998
Origination of loans held for sale	(52,757,873)	(47,274,120)
Proceeds from sale of loans held for sale	53,975,866	47,873,689
Increase in cash surrender value of bank owned life insurance	(350,826)	(369,695)
Changes in:
Accrued interest receivable	(217,215)	177,712
Prepaid expenses and other assets	44,393	307,528
Accounts payable and accrued expenses	529,150	707,875
Income taxes receivable	232,186	703,175
Net cash provided by operating activities	6,714,047	6,789,127
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of loans receivable		(11,132,508)
Proceeds on sale of loans	24,919,859
Net change in loans	(105,083,322)	(24,782,137)
Principal payments on available-for-sale securities	5,153,878	6,385,019
Principal payments on held-to-maturity securities	9,104	12,736
Proceeds from calls/maturities of available-for-sale securities		535,000
Purchase of premises and equipment	(1,633,608)	(939,191)
Purchase of available-for-sale securities	(13,350,996)	(71,652,913)
Proceeds from sale of available-for-sale securities	18,388,216	67,177,538
Redemption (purchase) of Federal Home Loan Bank stock	473,500	(929,500)
Purchase of tax credit investments	(1,214,781)
Proceeds from sale of foreclosed assets held for sale	2,433,660	463,863
Net cash used in investing activities	(69,904,490)	(34,862,093)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid on common stock	(1,325,308)	(1,060,619)
Net increase in demand deposits, NOW accounts and savings accounts	50,768,740	5,344,326
Net increase (decrease) in certificates of deposit	27,957,127	(6,965,873)
Proceeds from Federal Home Loan Bank advances	333,700,000	173,400,000
Repayments of Federal Home Loan Bank and Federal Reserve advances	(346,600,000)	(150,900,000)
Advances from borrowers for taxes and insurance	322,627	343,618
Stock options exercised		85,800
Net cash provided by financing activities	64,823,186	20,247,252
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	1,632,743	(7,825,714)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	9,088,441	18,774,419
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 10,721,184	$ 10,948,705

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Basis of Accounting [Text Block]	Note 1: The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10 8 03 X. not These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in Guaranty Federal Bancshares, Inc.’s (the “Company”) Annual Report on Form 10 December 31, 2016 ( “2016 not December 31, 2016,

Note 2 - Principles of Consolid

Note 2 - Principles of Consolidation	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 2: The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Guaranty Bank (the “Bank”). All significant intercompany transactions and balances have been eliminated in consolidation.

Note 3 - Securities

Note 3 - Securities	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 3: The amortized cost and approximate fair values of securities classified as available-for-sale were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of September 30, 2017 Debt Securities: Municipals $ 34,012,067 $ 210,255 $ (328,991 ) $ 33,893,331 Corporates 3,000,000 70,000 - 3,070,000 Government sponsored mortgage-backed securities and SBA loan pools 46,936,147 32,472 (726,755 ) 46,241,864 $ 83,948,214 $ 312,727 $ (1,055,746 ) $ 83,205,195 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 Maturities of available-for-sale debt securities as of September 30, 2017: Amortized Cost Approximate Fair Value 1-5 years 564,554 581,359 6-10 years 9,254,809 9,317,277 After 10 years 27,192,704 27,064,695 Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date 46,936,147 46,241,864 $ 83,948,214 $ 83,205,195 The amortized cost and approximate fair values of securities classified as held to maturity are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of September 30, 2017 Debt Securities: Government sponsored mortgage-backed securities $ 18,424 $ 215 $ (57 ) $ 18,582 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 Maturities of held-to-maturity securities as of September 30, 2017: Amortized Cost Approximate Fair Value Government sponsored mortgage-backed securities not due on a single maturity date $ 18,424 $ 18,582 The book value of securities pledged as collateral, to secure public deposits and for other purposes, amounted to $48,651,661 $48,723,259 September 30, 2017 December 31, 2016, $48,125,394 $47,617,900 September 30, 2017 December 31, 2016, Realized gains and losses are recorded as net securit ies gains. Gains on sales of securities are determined on the specific identification method. Gross gains of $73,473 $155,465 September 30, 2017 September 30, 2016, $27,185 $57,522 September 30, 2017 September 30, 2016, The Company evaluates all securities quarterly to determine if any unrealized losses are deemed to be other than temporary. Certain investment securities are valued at less than their historical cost. These declines are primarily the result of the rate for these investments yielding less than current market rates, or declines in stock prices of equity securities. Based on evaluation of available evidence, management believes the declines in fair value for these securities are temporary. It is management’s intent to hold the debt securities to maturity or until recovery of the unrealized loss. Should the impairment of any of these debt securities become other than temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified, to the extent the loss is related to credit issues, and to other comprehensive income to the extent the decline on debt securities is related to other factors and the Company does not Certain other investments in debt and equity securities are reported in the financial statements at an amount less than their historical cost. Total fair value of these investments at September 30, 2017 December 31, 2016, $63,471,654 $79,361,229, 76% 86% The following table shows gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2017 December 31, 2016. September 30, 2017 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 $ 10,507,517 $ (91,926 ) $ 10,671,807 $ (237,065 ) $ 21,179,324 $ (328,991 ) Government sponsored mortgage-backed securities and SBA loan pools 21,281,498 (219,697 ) 21,010,832 (507,115 ) 42,292,330 (726,812 ) $ 31,789,015 $ (311,623 ) $ 31,682,639 $ (744,180 ) $ 63,471,654 $ (1,055,803 ) 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 )

Note 4 - Loans and Allowance fo

Note 4 - Loans and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 4: Categories of loans at September 30, 2017 December 31, 2016 September 30, December 31, 2017 2016 Real estate - residential mortgage: One to four family units $ 107,750,990 $ 106,410,559 Multi-family 74,653,469 48,483,523 Real estate - construction 62,046,871 40,912,307 Real estate - commercial 266,292,510 249,580,873 Commercial loans 90,186,600 75,404,732 Consumer and other loans 23,661,618 23,606,306 Total loans 624,592,058 544,398,300 Less: Allowance for loan losses (7,009,097 ) (5,742,449 ) Deferred loan fees/costs, net (698,909 ) (382,211 ) Net loans $ 616,884,052 $ 538,273,640 Classes of loans by aging at September 30, 2017 December 31, 2016 As of September 30, 2017 30-59 Days 60-89 Days 90 Days and more Past Due Total Past Current Total Loans Total Loans > and Accruing (In Thousands) Real estate - residential mortgage: One to four family units $ 1,542 $ 644 $ 249 $ 2,435 $ 105,316 $ 107,751 $ - Multi-family 783 - - 783 73,870 74,653 - Real estate - construction - - - - 62,047 62,047 - Real estate - commercial - - 215 215 266,077 266,292 - Commercial loans - - 1,384 1,384 88,803 90,187 - Consumer and other loans 10 4 - 14 23,648 23,662 - Total $ 2,335 $ 648 $ 1,848 $ 4,831 $ 619,761 $ 624,592 $ - As of December 31, 2016 30-59 Days 60-89 Days 90 Days and more Past Due Total Past Current Total Loans Total Loans > (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 $ - Nonaccruing loans are summarized as follows: September 30, December 31, 2017 2016 Real estate - residential mortgage: One to four family units $ 2,274,040 $ 2,060,180 Multi-family - - Real estate - construction 5,309,728 5,446,896 Real estate - commercial 376,091 161,491 Commercial loans 1,610,950 925,281 Consumer and other loans 124,161 37,791 Total $ 9,694,970 $ 8,631,639 The following tables present the activity in the allowance for loan losses based on portfolio segment for the three nine September 30, 2017 2016: Three months ended September 30, 2017 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 1,739 $ 1,954 $ 936 $ 323 $ 1,226 $ 335 $ 127 $ 6,640 Provision charged to expense 524 (116 ) (81 ) 52 (99 ) 126 44 $ 450 Losses charged off - (71 ) - - - (46 ) - $ (117 ) Recoveries 16 - 1 - 7 12 - $ 36 Balance, end of period $ 2,279 $ 1,767 $ 856 $ 375 $ 1,134 $ 427 $ 171 $ 7,009 Nine months ended September 30, 2017 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 1,377 $ 1,687 $ 856 $ 206 $ 1,168 $ 337 $ 111 $ 5,742 Provision charged to expense 847 151 2 169 40 231 60 $ 1,500 Losses charged off - (71 ) (11 ) - (85 ) (169 ) - $ (336 ) Recoveries 55 - 9 - 11 28 - $ 103 Balance, end of period $ 2,279 $ 1,767 $ 856 $ 375 $ 1,134 $ 427 $ 171 $ 7,009 Three months ended September 30, 2016 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 1,668 $ 1,613 $ 862 $ 157 $ 1,366 $ 288 $ 227 $ 6,181 Provision charged to expense 282 86 6 6 (40 ) 33 (173 ) $ 200 Losses charged off - - - - (11 ) (58 ) - $ (69 ) Recoveries 46 - 17 - 8 14 - $ 85 Balance, end of period $ 1,996 $ 1,699 $ 885 $ 163 $ 1,323 $ 277 $ 54 $ 6,397 Nine months ended September 30, 2016 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 1,246 $ 1,526 $ 821 $ 177 $ 1,382 $ 223 $ 437 $ 5,812 Provision charged to expense 922 141 80 (14 ) 102 102 (383 ) $ 950 Losses charged off (252 ) - (47 ) - (170 ) (132 ) - $ (601 ) Recoveries 80 32 31 - 9 84 - $ 236 Balance, end of period $ 1,996 $ 1,699 $ 885 $ 163 $ 1,323 $ 277 $ 54 $ 6,397 The following tables present the recorded investment in loans based on portfolio segment and impairment method as of September 30, 2017 December 31, 2016: As of September 30, 2017 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Ending balance: individually evaluated for impairment $ 830 $ - $ 56 $ - $ 310 $ 130 $ - $ 1,326 Ending balance: collectively evaluated for impairment $ 1,449 $ 1,767 $ 800 $ 375 $ 824 $ 297 $ 171 $ 5,683 Loans: Ending balance: individually evaluated for impairment $ 5,310 $ 161 $ 2,274 $ - $ 931 $ 187 $ - $ 8,863 Ending balance: collectively evaluated for impairment $ 56,737 $ 266,131 $ 105,477 $ 74,653 $ 89,256 $ 23,475 $ - $ 615,729 December 31, 2016 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: 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 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 uncollect ability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management ’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows or collateral value of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Bank ’s internal risk rating process. Other adjustments may not 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 ’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group ’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. The following table summarizes the recorded investment in impaired loans at September 30, 2017 December 31, 2016: September 30, 2017 December 31, 2016 Recorded Balance Unpaid Principal Specific Allowance Recorded Balance Unpaid Principal Specific Allowance (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 1,815 $ 1,815 $ - $ 2,006 $ 2,006 $ - Multi-family - - - - - - Real estate - construction 2,937 2,937 - 3,017 3,017 - Real estate - commercial 161 161 - 161 161 - Commercial loans 500 500 - 622 622 - Consumer and other loans 4 4 - 3 3 - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 459 $ 459 $ 56 $ 54 $ 54 $ 14 Multi-family - - - - - - Real estate - construction 2,373 3,606 830 2,430 3,663 302 Real estate - commercial - 72 - - - - Commercial loans 431 932 310 303 755 241 Consumer and other loans 183 183 130 103 103 45 Total Real estate - residential mortgage: One to four family units $ 2,274 $ 2,274 56 $ 2,060 $ 2,060 $ 14 Multi-family - - - - - - Real estate - construction 5,310 6,543 830 5,447 6,680 302 Real estate - commercial 161 233 - 161 161 - Commercial loans 931 1,432 310 925 1,377 241 Consumer and other loans 187 187 130 106 106 45 Total $ 8,863 $ 10,669 $ 1,326 $ 8,699 $ 10,384 $ 602 The following table summarizes average impaired loans and related interest recognized on impaired loans for the three nine September 30, 2017 2016: For the Three Months Ended For the Three Months Ended September 30, 2017 September 30, 2016 Average Investment Interest Income Average Investment Interest Income (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 1,946 $ - $ 2,153 $ - Multi-family - - - - Real estate - construction 2,937 - 5,597 - Real estate - commercial 161 - 244 - Commercial loans 504 - 657 - Consumer and other loans 2 - 185 - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 183 $ - $ 28 $ - Multi-family - - - - Real estate - construction 2,373 - 2,051 - Real estate - commercial - - 278 - Commercial loans 431 - 375 - Consumer and other loans 123 - 110 - Total Real estate - residential mortgage: One to four family units $ 2,129 $ - $ 2,181 $ - Multi-family - - - - Real estate - construction 5,310 - 7,648 - Real estate - commercial 161 - 522 - Commercial loans 935 - 1,032 - Consumer and other loans 125 - 295 - Total $ 8,660 $ - $ 11,678 $ - For the Nine Months Ended For the Nine Months Ended September 30, 2017 September 30, 2016 Average Investment Interest Income Average Investment Interest Income (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 1,886 $ - $ 2,200 $ - Multi-family - - - - Real estate - construction 2,964 - 5,661 - Real estate - commercial 360 - 657 - Commercial loans 557 - 960 - Consumer and other loans 8 - 114 1 Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 90 $ - $ 23 $ - Multi-family - - - - Real estate - construction 2,395 - 2,222 - Real estate - commercial - - 93 - Commercial loans 481 - 489 - Consumer and other loans 94 - 105 - Total Real estate - residential mortgage: One to four family units $ 1,976 $ - $ 2,223 $ - Multi-family - - - - Real estate - construction 5,359 - 7,883 - Real estate - commercial 360 - 750 - Commercial loans 1,038 - 1,449 - Consumer and other loans 102 - 219 1 Total $ 8,835 $ - $ 12,524 $ 1 At September 30, 2017, In assessing whether or not not The Bank considers all aspects of the modification to loan terms to determine whether or not one The following table summarizes, by class, loans that were newly classified as TDRs for the three September 30, 2017: Number of Loans Pre-Modification Post-Modification Real estate - residential mortgage: One to four family units - $ - $ - Multi-family - - - Real estate - construction - - - Real estate - commercial - - - Commercial loans - - - Consumer and other loans 1 119,459 119,459 Total 1 $ 119,459 $ 119,459 The following table summarizes, by type of concession, loans that were newly classified as TDRs for the three September 30, 2017: Interest Rate Term Combination Total Modification Real estate - residential mortgage: One to four family units $ - $ - $ - $ - Multi-family - - - - Real estate - construction - - - - Real estate - commercial - - - - Commercial loans - - - - Consumer and other loans - 119,459 - 119,459 Total $ - $ 119,459 $ - $ 119,459 The following table presents the carrying balance of TDRs as of September 30, 2017 December 31, 2016: September 30, 2017 December 31, 2016 Real estate - residential mortgage: One to four family units $ 1,313,598 $ 1,564,468 Multi-family - - Real estate - construction 5,309,728 5,446,895 Real estate - commercial 5,701,518 5,736,849 Commercial loans 246,150 401,403 Consumer and other loans 119,717 - Total $ 12,690,711 $ 13,149,615 The Bank has allocated $947,843 $329,734 September 30, 2017 December 31, 2016, There were no twelve three nine September 30, 2017 2016. 90 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 ’s market areas that might impact either property values or a borrower’s personal income. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers. Real estate-Construction: Construction and land development real estate loans are usually based upon estimates of costs and estimated value of the completed project and include independent appraisal reviews and a financial analysis of the developers and property owners. Sources of repayment of these loans may may ’s market areas. Real estate-Commercial: Commercial real estate loans typically involve larger principal amounts, and repayment of these loans is generally dependent on the successful operations of the property securing the loan or the business conducted on the property securing the loan. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Credit risk in these loans may ’s market areas. Commercial: The commercial portfolio includes loans to commercial customers for use in financing working capital needs, equipment purchases and expansions. The loans in this category are repaid primarily from the cash flow of a borrower ’s principal business operation. Credit risk in these loans is driven by creditworthiness of a borrower and the economic conditions that impact the cash flow stability from business operations. Consumer: The consumer loan portfolio consists of various term and line of credit loans such as automobile loans and loans for other personal purposes. Repayment for these types of loans will come from a borrower ’s income sources that are typically independent of the loan purpose. Credit risk is driven by consumer economic factors (such as unemployment and general economic conditions in the Bank’s market area) and the creditworthiness of a borrower. The following tables provide information about the credit quality of the loan portfolio using the Bank’s internal rating system as of September 30, 2017 December 31, 2016: September 30, 2017 Construction Commercial One to four family Multi-family Commercial Consumer Total (In Thousands) Rating: Pass $ 56,737 $ 259,020 $ 97,921 $ 73,870 $ 88,441 $ 23,475 $ 599,464 Special Mention - 5,615 6,190 783 200 - 12,788 Substandard 5,310 1,657 3,640 - 862 187 11,656 Doubtful - - - - 684 - 684 Total $ 62,047 $ 266,292 $ 107,751 $ 74,653 $ 90,187 $ 23,662 $ 624,592 December 31, 2016 Construction Commercial One to four family Multi-family Commercial Consumer 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 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 loan is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not

Note 5 - Benefit Plans

Note 5 - Benefit Plans	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 5: The Company has stock-based employee compensation plans, which are described in the Company’s 2016 The following tables below summarize transactions under the Company’s equity plans for the nine September 30, 2017: Stock Options Number of shares Incentive Stock Option Non- Incentive Stock Option Weighted Average Exercise Price Balance outstanding as of January 1, 2017 60,000 52,500 $ 20.15 Granted - - - Exercised - - - Forfeited (11,000 ) (25,000 ) 29.48 Balance outstanding as of September 30, 2017 49,000 27,500 $ 15.75 Options exercisable as of September 30, 2017 49,000 27,500 $ 15.75 The total intrinsic value of stock options exercised for the nine September 30, 2017 2016 $0 $169,103, $669,800 $438,800 September 30, 2017 2016, Restricted Stock Number of Shares Weighted Average Grant- Date Fair Value Balance of shares non-vested as of January 1, 2017 60,955 $ 13.62 Granted 13,386 20.33 Vested (27,291 ) 12.25 Forfeited - - Balance of shares non-vested as of September 30, 2017 47,050 $ 16.33 In February 2017, 6,960 2015 6,195 one 765 three $20.35 nine September 30, 2017 2016 $101,099 $94,136, For the nine September 30, 2017 2016, 6,426 15,343 three nine September 30, 2017 2016 $159,413 $209,430, Performance Stock Units Performance Stock Units Weighted Average Grant- Date Fair Value Balance of shares non-vested as of January 1, 2017 - $ - Granted 55,823 20.48 Vested - - Forfeited - - Balance of shares non-vested as of September 30, 2017 55,823 $ 20.48 On March 29, 2017, 55,823 three 25% 50% 100% two March 29, 2017 December 31, 2019 ( two 50% 50% $20.48 nine September 30, 2017 $102,529. Total stock-based compensation expense recognized for the three September 30, 2017 2016 $136,263 $100,594, nine September 30, 2017 2016 $363,041 $313,855, September 30, 2017, $768,224

Note 6 - Income Per Common Shar

Note 6 - Income Per Common Share	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 6: For three months ended September 30, 2017 For nine months ended September 30, 2017 Income Available to Common Shareholders Average Common Shares Outstanding Per Common Share Income Available to Common Shareholders Average Common Shares Outstanding Per Common Share Basic Income Per Common Share $ 1,717,383 4,374,725 $ 0.39 $ 4,739,197 4,370,877 $ 1.08 Effect of Dilutive Securities 72,841 64,815 Diluted Income Per Common Share $ 1,717,383 4,447,566 $ 0.39 $ 4,739,197 4,435,692 $ 1.07 For three months ended September 30, 2016 For nine months ended September 30, 2016 Income Available to Common Shareholders Average Common Shares Outstanding Per Common Share Income Available to Common Shareholders Average Common Shares Outstanding Per Common Share Basic Income Per Common Share $ 1,541,907 4,370,700 $ 0.35 $ 4,074,664 4,365,835 $ 0.93 Effect of Dilutive Securities 56,853 53,553 Diluted Income Per Common Share $ 1,541,907 4,427,553 $ 0.35 $ 4,074,664 4,419,388 $ 0.92 Stock options to purchase 32,500 three nine September 30, 2017 73,500 three nine September 30, 2016 not

Note 7 - New Accounting Pronoun

Note 7 - New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 7: In May 2014, 2014 09, 606 Revenue from Contracts with Customers 2014 09” 2014 09 not December 15, 2016, 2015 14 Revenue from Contracts with Customers (Topic 606 2014 09 one December 15, 2017. not first 2018, 2014 09 not 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 not In February 2016, 2016 02, Leases 2016 02” 2016 02 12 2016 02 December 15, 2018, ’s new leased headquarters that will be put into place during the fourth 2017. In March 2016, 2016 09, 718 Improvements to Employee Share-Based Payment Accounting not may December 15, 2016. not In June 2016, 2016 13, Financial Instruments-Credit Losses (Topic 326 Measurement of Credit Losses on Financial Instruments December 15, 2019, December 15, 2018. No. 2016 13 In August 2016, 2016 15, 230 Classification of Certain Cash Receipts and Cash Payments. eight December 15, 2017. 2016 15 not In March 2017, the FASB issued ASU 2017 08, 310 20 Premium Amortization of Purchased Callable Debt Securities . not December 15, 2018. 2017 08 2017 not In May 2017, 2017 09, 718 Scope of Modification Accounting. 2017 09 not 2017 09 December 15, 2017. 2017 09 not In July 2017, B issued ASU 2017 11, 260 480 815 (Part 1 December 15, 2019. The Company is currently evaluating the impact of our pending adoption of the new standard on our consolidated financial statements, but at this time do not In August 2017, issued ASU 2017 12, 815 Targeted improvements to accounting for hedging activities . of this updated guidance is to better align financial reporting for hedging activities with the economic objectives of those activities. The amendments in this update are effective for fiscal years beginning after December 15, 2018,

Note 8 - Derivative Financial I

Note 8 - Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Note 8 : Derivative Financial Instruments The Company records all derivative financial instruments at fair value in the financial statements. Derivatives are used as a risk management tool to hedge the exposure to changes in interest rates or other identified market risks. When a derivative is intended to be a qualifying hedged instrument, the Company prepares written hedge documentation that designates the derivative as 1 2 In June 2017, $50 September 30, 2017, $95,395 $56,025 September 30, 2017, no A summary of the Company’s derivative financial instruments at September 30, 2017 Forward Start Termination Derivative Notional Rate Rate Estimated Fair Value Inception Date Date Type Amount Paid Hedged at September 30, 2017 2/28/2018 2/28/2025 Interest rate swap $ 50,000,000 2.12 % 3 month LIBOR Floating $ 151,420

Note 9 - Disclosures About Fair

Note 9 - Disclosures About Fair Value of Assets and Liabilities	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 9: ASC Topic 820, Fair Value Measurements 820 three may Level 1 Level 2 1 not Level 3 no The following is a description of the inputs and valuation methodologies used for assets measured at fair value on a recurring basis and recognized in the accompanying condensed consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. Available-for-sale securities: Where quoted market prices are available in an active market, securities are classified within Level 1 1 not may one two 2 2 no 3 Derivative Financial Instruments : 2 may The following table presents the fair value measurements of assets recognized in the accompanying condensed consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at September 30, 2017 December 31, 2016 ( 9/30/2017 Financial assets: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Debt securities: Municipals $ - $ 33,893 $ - $ 33,893 Corporates - 3,070 - 3,070 Government sponsored mortgage-backed securities and SBA loan pools - 46,242 - 46,242 Available-for-sale securities $ - $ 83,205 $ - $ 83,205 Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Interest rate swaps $ - $ 151 $ - $ 151 12/31/2016 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 The following is a description of the valuation methodologies used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying statements of financial condition, as well as the general classification of such assets pursuant to the valuation hierarchy. Foreclosed Assets Held for Sale : 3 Impaired loans (Collateral Dependent) : not 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 September 30, 2017 December 31, 2016 ( Impaired loans: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value September 30, 2017 $ - $ - $ 1,474 $ 1,474 December 31, 2016 $ - $ - $ 1,006 $ 1,006 Foreclosed assets held for sale: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value September 30, 2017 $ - $ - $ - $ - December 31, 2016 $ - $ - $ 149 $ 149 There were no nine September 30, 2017 2016. The following table presents quantitative information about unobservable inputs used in nonrecurring Level 3 Fair Value September 30, 2017 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans (collateral dependent) $ 1,474 Market Comparable Discount to reflect realizable value 0% - 100% (15%) Foreclosed assets held for sale $ - Market Comparable Discount to reflect realizable value 0% 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% The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying condensed consolidated balance sheets at amounts other than fair value. Cash and cash equivalents, interest-bearing deposits and Federal Home Loan Bank stock The carrying amounts reported in the condensed consolidated balance sheets approximate those assets' fair value. Held-to-maturity securities Fair value is based on quoted market prices, if available. If a quoted market price is not Loans The fair value of loans is estimated by discounting the future cash flows using the market rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Loans with similar characteristics were aggregated for purposes of the calculations. The carrying amount of accrued interest approximates its fair value. Deposits Deposits include demand deposits, savings accounts, NOW accounts and certain money market deposits. The carrying amount approximates fair value. The fair value of fixed-maturity certificates of deposit is estimated by discounting the future cash flows using rates currently offered for deposits of similar remaining maturities. Federal Home Loan Bank advances The fair value of advances is estimated by using rates on debt with similar terms and remaining maturities. Subordinated debentures For these variable rate instruments, the carrying amount is a reasonable estimate of fair value. There is currently a limited market for similar debt instruments and the Company has the option to call the subordinated debentures at an amount close to its par value. Interest payable The carrying amount approximates fair value. Commitments to originate loans, letters of credit and lines of credit The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present credit worthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. The following table s present estimated fair values of the Company’s financial instruments at September 30, 2017 December 31, 2016. September 30, 2017 Carrying Amount Fair Value Hierarchy Financial assets: Cash and cash equivalents $ 10,721,184 $ 10,721,184 1 Held-to-maturity securities 18,424 18,582 2 Federal Home Loan Bank stock 4,137,500 4,137,500 2 Mortgage loans held for sale 2,516,520 2,516,520 2 Loans, net 616,884,052 613,749,211 3 Interest receivable 2,164,278 2,164,278 2 Financial liabilities: Deposits 584,088,617 583,406,521 2 Federal Home Loan Bank advances 82,800,000 83,002,996 2 Subordinated debentures 15,465,000 15,465,000 3 Interest payable 253,045 253,045 2 Unrecognized financial instruments (net of contractual value): Commitments to extend credit - - - Unused lines of credit - - - December 31, 2016 Carrying Amount Fair Value Hierarchy Financial assets: Cash and cash equivalents $ 9,088,441 $ 9,088,441 1 Held-to-maturity securities 27,528 28,153 2 Federal Home Loan Bank stock 4,611,000 4,611,000 2 Mortgage loans held for sale 2,183,633 2,183,633 2 Loans, net 538,273,640 537,645,692 3 Interest receivable 1,947,063 1,947,063 2 Financial liabilities: Deposits 505,362,750 504,829,161 2 Federal Home Loan Bank advances 95,700,000 95,764,840 2 Subordinated debentures 15,465,000 15,465,000 3 Interest payable 207,833 207,833 2 Unrecognized financial instruments (net of contractual value): Commitments to extend credit - - - Unused lines of credit - - -

Note 3 - Securities (Tables)

Note 3 - Securities (Tables)	9 Months Ended
	Sep. 30, 2017
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 September 30, 2017 Debt Securities: Municipals $ 34,012,067 $ 210,255 $ (328,991 ) $ 33,893,331 Corporates 3,000,000 70,000 - 3,070,000 Government sponsored mortgage-backed securities and SBA loan pools 46,936,147 32,472 (726,755 ) 46,241,864 $ 83,948,214 $ 312,727 $ (1,055,746 ) $ 83,205,195 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
Available-for-sale Securities [Table Text Block]	Amortized Cost Approximate Fair Value 1-5 years 564,554 581,359 6-10 years 9,254,809 9,317,277 After 10 years 27,192,704 27,064,695 Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date 46,936,147 46,241,864 $ 83,948,214 $ 83,205,195
Held-to-maturity Securities [Table Text Block]	Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Approximate Fair Value As of September 30, 2017 Debt Securities: Government sponsored mortgage-backed securities $ 18,424 $ 215 $ (57 ) $ 18,582 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
Schedule of Unrealized Loss on Investments [Table Text Block]	September 30, 2017 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 $ 10,507,517 $ (91,926 ) $ 10,671,807 $ (237,065 ) $ 21,179,324 $ (328,991 ) Government sponsored mortgage-backed securities and SBA loan pools 21,281,498 (219,697 ) 21,010,832 (507,115 ) 42,292,330 (726,812 ) $ 31,789,015 $ (311,623 ) $ 31,682,639 $ (744,180 ) $ 63,471,654 $ (1,055,803 ) 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 )
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 $ 18,424 $ 18,582

Note 4 - Loans and Allowance 19

Note 4 - Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 30, December 31, 2017 2016 Real estate - residential mortgage: One to four family units $ 107,750,990 $ 106,410,559 Multi-family 74,653,469 48,483,523 Real estate - construction 62,046,871 40,912,307 Real estate - commercial 266,292,510 249,580,873 Commercial loans 90,186,600 75,404,732 Consumer and other loans 23,661,618 23,606,306 Total loans 624,592,058 544,398,300 Less: Allowance for loan losses (7,009,097 ) (5,742,449 ) Deferred loan fees/costs, net (698,909 ) (382,211 ) Net loans $ 616,884,052 $ 538,273,640
Past Due Financing Receivables [Table Text Block]	As of September 30, 2017 30-59 Days 60-89 Days 90 Days and more Past Due Total Past Current Total Loans Total Loans > and Accruing (In Thousands) Real estate - residential mortgage: One to four family units $ 1,542 $ 644 $ 249 $ 2,435 $ 105,316 $ 107,751 $ - Multi-family 783 - - 783 73,870 74,653 - Real estate - construction - - - - 62,047 62,047 - Real estate - commercial - - 215 215 266,077 266,292 - Commercial loans - - 1,384 1,384 88,803 90,187 - Consumer and other loans 10 4 - 14 23,648 23,662 - Total $ 2,335 $ 648 $ 1,848 $ 4,831 $ 619,761 $ 624,592 $ - As of December 31, 2016 30-59 Days 60-89 Days 90 Days and more Past Due Total Past Current Total Loans Total Loans > (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 $ -
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	September 30, December 31, 2017 2016 Real estate - residential mortgage: One to four family units $ 2,274,040 $ 2,060,180 Multi-family - - Real estate - construction 5,309,728 5,446,896 Real estate - commercial 376,091 161,491 Commercial loans 1,610,950 925,281 Consumer and other loans 124,161 37,791 Total $ 9,694,970 $ 8,631,639
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Three months ended September 30, 2017 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 1,739 $ 1,954 $ 936 $ 323 $ 1,226 $ 335 $ 127 $ 6,640 Provision charged to expense 524 (116 ) (81 ) 52 (99 ) 126 44 $ 450 Losses charged off - (71 ) - - - (46 ) - $ (117 ) Recoveries 16 - 1 - 7 12 - $ 36 Balance, end of period $ 2,279 $ 1,767 $ 856 $ 375 $ 1,134 $ 427 $ 171 $ 7,009 Nine months ended September 30, 2017 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 1,377 $ 1,687 $ 856 $ 206 $ 1,168 $ 337 $ 111 $ 5,742 Provision charged to expense 847 151 2 169 40 231 60 $ 1,500 Losses charged off - (71 ) (11 ) - (85 ) (169 ) - $ (336 ) Recoveries 55 - 9 - 11 28 - $ 103 Balance, end of period $ 2,279 $ 1,767 $ 856 $ 375 $ 1,134 $ 427 $ 171 $ 7,009 Three months ended September 30, 2016 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 1,668 $ 1,613 $ 862 $ 157 $ 1,366 $ 288 $ 227 $ 6,181 Provision charged to expense 282 86 6 6 (40 ) 33 (173 ) $ 200 Losses charged off - - - - (11 ) (58 ) - $ (69 ) Recoveries 46 - 17 - 8 14 - $ 85 Balance, end of period $ 1,996 $ 1,699 $ 885 $ 163 $ 1,323 $ 277 $ 54 $ 6,397 Nine months ended September 30, 2016 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 1,246 $ 1,526 $ 821 $ 177 $ 1,382 $ 223 $ 437 $ 5,812 Provision charged to expense 922 141 80 (14 ) 102 102 (383 ) $ 950 Losses charged off (252 ) - (47 ) - (170 ) (132 ) - $ (601 ) Recoveries 80 32 31 - 9 84 - $ 236 Balance, end of period $ 1,996 $ 1,699 $ 885 $ 163 $ 1,323 $ 277 $ 54 $ 6,397 As of September 30, 2017 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Ending balance: individually evaluated for impairment $ 830 $ - $ 56 $ - $ 310 $ 130 $ - $ 1,326 Ending balance: collectively evaluated for impairment $ 1,449 $ 1,767 $ 800 $ 375 $ 824 $ 297 $ 171 $ 5,683 Loans: Ending balance: individually evaluated for impairment $ 5,310 $ 161 $ 2,274 $ - $ 931 $ 187 $ - $ 8,863 Ending balance: collectively evaluated for impairment $ 56,737 $ 266,131 $ 105,477 $ 74,653 $ 89,256 $ 23,475 $ - $ 615,729 December 31, 2016 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: 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
Impaired Financing Receivables [Table Text Block]	September 30, 2017 December 31, 2016 Recorded Balance Unpaid Principal Specific Allowance Recorded Balance Unpaid Principal Specific Allowance (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 1,815 $ 1,815 $ - $ 2,006 $ 2,006 $ - Multi-family - - - - - - Real estate - construction 2,937 2,937 - 3,017 3,017 - Real estate - commercial 161 161 - 161 161 - Commercial loans 500 500 - 622 622 - Consumer and other loans 4 4 - 3 3 - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 459 $ 459 $ 56 $ 54 $ 54 $ 14 Multi-family - - - - - - Real estate - construction 2,373 3,606 830 2,430 3,663 302 Real estate - commercial - 72 - - - - Commercial loans 431 932 310 303 755 241 Consumer and other loans 183 183 130 103 103 45 Total Real estate - residential mortgage: One to four family units $ 2,274 $ 2,274 56 $ 2,060 $ 2,060 $ 14 Multi-family - - - - - - Real estate - construction 5,310 6,543 830 5,447 6,680 302 Real estate - commercial 161 233 - 161 161 - Commercial loans 931 1,432 310 925 1,377 241 Consumer and other loans 187 187 130 106 106 45 Total $ 8,863 $ 10,669 $ 1,326 $ 8,699 $ 10,384 $ 602 For the Three Months Ended For the Three Months Ended September 30, 2017 September 30, 2016 Average Investment Interest Income Average Investment Interest Income (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 1,946 $ - $ 2,153 $ - Multi-family - - - - Real estate - construction 2,937 - 5,597 - Real estate - commercial 161 - 244 - Commercial loans 504 - 657 - Consumer and other loans 2 - 185 - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 183 $ - $ 28 $ - Multi-family - - - - Real estate - construction 2,373 - 2,051 - Real estate - commercial - - 278 - Commercial loans 431 - 375 - Consumer and other loans 123 - 110 - Total Real estate - residential mortgage: One to four family units $ 2,129 $ - $ 2,181 $ - Multi-family - - - - Real estate - construction 5,310 - 7,648 - Real estate - commercial 161 - 522 - Commercial loans 935 - 1,032 - Consumer and other loans 125 - 295 - Total $ 8,660 $ - $ 11,678 $ - For the Nine Months Ended For the Nine Months Ended September 30, 2017 September 30, 2016 Average Investment Interest Income Average Investment Interest Income (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 1,886 $ - $ 2,200 $ - Multi-family - - - - Real estate - construction 2,964 - 5,661 - Real estate - commercial 360 - 657 - Commercial loans 557 - 960 - Consumer and other loans 8 - 114 1 Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 90 $ - $ 23 $ - Multi-family - - - - Real estate - construction 2,395 - 2,222 - Real estate - commercial - - 93 - Commercial loans 481 - 489 - Consumer and other loans 94 - 105 - Total Real estate - residential mortgage: One to four family units $ 1,976 $ - $ 2,223 $ - Multi-family - - - - Real estate - construction 5,359 - 7,883 - Real estate - commercial 360 - 750 - Commercial loans 1,038 - 1,449 - Consumer and other loans 102 - 219 1 Total $ 8,835 $ - $ 12,524 $ 1
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	Number of Loans Pre-Modification Post-Modification Real estate - residential mortgage: One to four family units - $ - $ - Multi-family - - - Real estate - construction - - - Real estate - commercial - - - Commercial loans - - - Consumer and other loans 1 119,459 119,459 Total 1 $ 119,459 $ 119,459 September 30, 2017 December 31, 2016 Real estate - residential mortgage: One to four family units $ 1,313,598 $ 1,564,468 Multi-family - - Real estate - construction 5,309,728 5,446,895 Real estate - commercial 5,701,518 5,736,849 Commercial loans 246,150 401,403 Consumer and other loans 119,717 - Total $ 12,690,711 $ 13,149,615
Financing Receivable Credit Quality Indicators [Table Text Block]	September 30, 2017 Construction Commercial One to four family Multi-family Commercial Consumer Total (In Thousands) Rating: Pass $ 56,737 $ 259,020 $ 97,921 $ 73,870 $ 88,441 $ 23,475 $ 599,464 Special Mention - 5,615 6,190 783 200 - 12,788 Substandard 5,310 1,657 3,640 - 862 187 11,656 Doubtful - - - - 684 - 684 Total $ 62,047 $ 266,292 $ 107,751 $ 74,653 $ 90,187 $ 23,662 $ 624,592 December 31, 2016 Construction Commercial One to four family Multi-family Commercial Consumer 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
Modification Type [Member]
Notes Tables
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	Interest Rate Term Combination Total Modification Real estate - residential mortgage: One to four family units $ - $ - $ - $ - Multi-family - - - - Real estate - construction - - - - Real estate - commercial - - - - Commercial loans - - - - Consumer and other loans - 119,459 - 119,459 Total $ - $ 119,459 $ - $ 119,459

Note 5 - Benefit Plans (Tables)

Note 5 - Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Share-based Compensation, Stock Options, Activity [Table Text Block]	Stock Options Number of shares Incentive Stock Option Non- Incentive Stock Option Weighted Average Exercise Price Balance outstanding as of January 1, 2017 60,000 52,500 $ 20.15 Granted - - - Exercised - - - Forfeited (11,000 ) (25,000 ) 29.48 Balance outstanding as of September 30, 2017 49,000 27,500 $ 15.75 Options exercisable as of September 30, 2017 49,000 27,500 $ 15.75
Nonvested Restricted Stock Shares Activity [Table Text Block]	Restricted Stock Number of Shares Weighted Average Grant- Date Fair Value Balance of shares non-vested as of January 1, 2017 60,955 $ 13.62 Granted 13,386 20.33 Vested (27,291 ) 12.25 Forfeited - - Balance of shares non-vested as of September 30, 2017 47,050 $ 16.33
Schedule of Nonvested Performance-based Units Activity [Table Text Block]	Performance Stock Units Performance Stock Units Weighted Average Grant- Date Fair Value Balance of shares non-vested as of January 1, 2017 - $ - Granted 55,823 20.48 Vested - - Forfeited - - Balance of shares non-vested as of September 30, 2017 55,823 $ 20.48

Note 6 - Income Per Common Sh21

Note 6 - Income Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For three months ended September 30, 2017 For nine months ended September 30, 2017 Income Available to Common Shareholders Average Common Shares Outstanding Per Common Share Income Available to Common Shareholders Average Common Shares Outstanding Per Common Share Basic Income Per Common Share $ 1,717,383 4,374,725 $ 0.39 $ 4,739,197 4,370,877 $ 1.08 Effect of Dilutive Securities 72,841 64,815 Diluted Income Per Common Share $ 1,717,383 4,447,566 $ 0.39 $ 4,739,197 4,435,692 $ 1.07 For three months ended September 30, 2016 For nine months ended September 30, 2016 Income Available to Common Shareholders Average Common Shares Outstanding Per Common Share Income Available to Common Shareholders Average Common Shares Outstanding Per Common Share Basic Income Per Common Share $ 1,541,907 4,370,700 $ 0.35 $ 4,074,664 4,365,835 $ 0.93 Effect of Dilutive Securities 56,853 53,553 Diluted Income Per Common Share $ 1,541,907 4,427,553 $ 0.35 $ 4,074,664 4,419,388 $ 0.92

Note 8 - Derivative Financial22

Note 8 - Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Derivative Instruments [Table Text Block]	Forward Start Termination Derivative Notional Rate Rate Estimated Fair Value Inception Date Date Type Amount Paid Hedged at September 30, 2017 2/28/2018 2/28/2025 Interest rate swap $ 50,000,000 2.12 % 3 month LIBOR Floating $ 151,420

Note 9 - Disclosures About Fa23

Note 9 - Disclosures About Fair Value of Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	9/30/2017 Financial assets: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Debt securities: Municipals $ - $ 33,893 $ - $ 33,893 Corporates - 3,070 - 3,070 Government sponsored mortgage-backed securities and SBA loan pools - 46,242 - 46,242 Available-for-sale securities $ - $ 83,205 $ - $ 83,205 Level 1 inputs Level 2 inputs Level 3 inputs Total fair value Interest rate swaps $ - $ 151 $ - $ 151 12/31/2016 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
Fair Value Measurements, Nonrecurring [Table Text Block]	Impaired loans: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value September 30, 2017 $ - $ - $ 1,474 $ 1,474 December 31, 2016 $ - $ - $ 1,006 $ 1,006 Foreclosed assets held for sale: Level 1 inputs Level 2 inputs Level 3 inputs Total fair value September 30, 2017 $ - $ - $ - $ - December 31, 2016 $ - $ - $ 149 $ 149
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	Fair Value September 30, 2017 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans (collateral dependent) $ 1,474 Market Comparable Discount to reflect realizable value 0% - 100% (15%) Foreclosed assets held for sale $ - Market Comparable Discount to reflect realizable value 0% 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, by Balance Sheet Grouping [Table Text Block]	September 30, 2017 Carrying Amount Fair Value Hierarchy Financial assets: Cash and cash equivalents $ 10,721,184 $ 10,721,184 1 Held-to-maturity securities 18,424 18,582 2 Federal Home Loan Bank stock 4,137,500 4,137,500 2 Mortgage loans held for sale 2,516,520 2,516,520 2 Loans, net 616,884,052 613,749,211 3 Interest receivable 2,164,278 2,164,278 2 Financial liabilities: Deposits 584,088,617 583,406,521 2 Federal Home Loan Bank advances 82,800,000 83,002,996 2 Subordinated debentures 15,465,000 15,465,000 3 Interest payable 253,045 253,045 2 Unrecognized financial instruments (net of contractual value): Commitments to extend credit - - - Unused lines of credit - - - December 31, 2016 Carrying Amount Fair Value Hierarchy Financial assets: Cash and cash equivalents $ 9,088,441 $ 9,088,441 1 Held-to-maturity securities 27,528 28,153 2 Federal Home Loan Bank stock 4,611,000 4,611,000 2 Mortgage loans held for sale 2,183,633 2,183,633 2 Loans, net 538,273,640 537,645,692 3 Interest receivable 1,947,063 1,947,063 2 Financial liabilities: Deposits 505,362,750 504,829,161 2 Federal Home Loan Bank advances 95,700,000 95,764,840 2 Subordinated debentures 15,465,000 15,465,000 3 Interest payable 207,833 207,833 2 Unrecognized financial instruments (net of contractual value): Commitments to extend credit - - - Unused lines of credit - - -

Note 3 - Securities (Details Te

Note 3 - Securities (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Available for Sale Securities Pledged as Collateral Book Value	$ 48,651,661		$ 48,723,259
Available-for-sale Securities Pledged as Collateral	48,125,394		47,617,900
Available-for-sale Securities, Gross Realized Gains	73,473	$ 155,465
Availablefor Sale Securities Gross Realized Gain Loss Tax Effect	27,185	$ 57,522
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 63,471,654		$ 79,361,229
Percentage of Securities in Continuous Unrealized Loss Position to Total Investment Portfolio	76.00%		86.00%

Note 3 - Securities - Available

Note 3 - Securities - Available-for-sale Securities (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Available-for-sale securities, amortized cost	$ 83,948,214	$ 94,477,285
Available-for-sale securities, gross unrealized gains	312,727	139,155
Available-for-sale securities, gross unrealized (losses)	(1,055,746)	(2,217,205)
Available-for-sale securities, approximate fair value	83,205,195	92,399,235
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities, amortized cost	34,012,067	39,357,506
Available-for-sale securities, gross unrealized gains	210,255	65,673
Available-for-sale securities, gross unrealized (losses)	(328,991)	(1,085,654)
Available-for-sale securities, approximate fair value	33,893,331	38,337,525
Corporate Debt Securities [Member]
Available-for-sale securities, amortized cost	3,000,000	7,003,986
Available-for-sale securities, gross unrealized gains	70,000	54,050
Available-for-sale securities, gross unrealized (losses)		(4,514)
Available-for-sale securities, approximate fair value	3,070,000	7,053,522
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Available-for-sale securities, amortized cost	46,936,147	48,115,793
Available-for-sale securities, gross unrealized gains	32,472	19,432
Available-for-sale securities, gross unrealized (losses)	(726,755)	(1,127,037)
Available-for-sale securities, approximate fair value	$ 46,241,864	$ 47,008,188

Note 3 - Securities - Availab26

Note 3 - Securities - Available-for-sale Securities by Maturity (Details)	Sep. 30, 2017USD ($)
1-5 years, amortized cost	$ 564,554
1-5 years, fair value	581,359
5-10 years, amortized cost	9,254,809
5-10 years, fair value	9,317,277
After ten years, amortized cost	27,192,704
After ten years, fair value	27,064,695
Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date, amortized cost	46,936,147
Government sponsored mortgage-backed securities and SBA loan pools not due on a single maturity date, fair value	46,241,864
Amortized cost	83,948,214
Fair value	$ 83,205,195

Note 3 - Securities - Held-to-m

Note 3 - Securities - Held-to-maturity Securities (Details) - Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Debt Securities:
Held-to-maturity securities, amortized cost	$ 18,424	$ 27,528
Held-to-maturity securities, gross unrealized gains	215	625
Held-to-maturity securities, gross unrealized losses	(57)	0
Held-to-maturity securities, approximate fair value	$ 18,582	$ 28,153

Note 3 - Securities - Held-to28

Note 3 - Securities - Held-to-maturity Securities by Maturity (Details)	Sep. 30, 2017USD ($)
Government sponsored mortgage-backed securities not due on a single maturity date, amortized cost	$ 18,424
Government sponsored mortgage-backed securities not due on a single maturity date, approximate fair value	$ 18,582

Note 3 - Securities - Securitie

Note 3 - Securities - Securities in a Continuous Unrealized Loss Position (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Securities, continuous unrealized loss position, less than 12 months, fair value	$ 31,789,015	$ 74,651,451
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(311,623)	(2,108,360)
Securities, continuous unrealized loss position, 12 months or more, fair value	31,682,639	4,709,778
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(744,180)	(108,845)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	63,471,654	79,361,229
Securities, continuous unrealized loss position, unrealized losses	(1,055,803)	(2,217,205)
Securities, continuous unrealized loss position, less than 12 months, fair value	31,789,015	74,651,451
Securities, continuous unrealized loss position, fair value	63,471,654	79,361,229
US States and Political Subdivisions Debt Securities [Member]
Securities, continuous unrealized loss position, less than 12 months, fair value	10,507,517	33,084,816
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(91,926)	(1,082,021)
Securities, continuous unrealized loss position, 12 months or more, fair value	10,671,807	179,402
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(237,065)	(3,633)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	21,179,324	33,264,218
Securities, continuous unrealized loss position, unrealized losses	(328,991)	(1,085,654)
Securities, continuous unrealized loss position, less than 12 months, fair value	10,507,517	33,084,816
Securities, continuous unrealized loss position, fair value	21,179,324	33,264,218
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities, continuous unrealized loss position, less than 12 months, fair value	21,281,498	39,570,463
Securities, continuous unrealized loss position, less than 12 months, unrealized losses	(219,697)	(1,022,511)
Securities, continuous unrealized loss position, 12 months or more, fair value	21,010,832	3,649,276
Securities, continuous unrealized loss position, 12 months or more, unrealized losses	(507,115)	(104,526)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	42,292,330	43,219,739
Securities, continuous unrealized loss position, unrealized losses	(726,812)	(1,127,037)
Securities, continuous unrealized loss position, less than 12 months, fair value	21,281,498	39,570,463
Securities, continuous unrealized loss position, fair value	$ 42,292,330	43,219,739
Corporate Debt Securities [Member]
Securities, continuous unrealized loss position, less than 12 months, fair value		1,996,172
Securities, continuous unrealized loss position, less than 12 months, unrealized losses		(3,828)
Securities, continuous unrealized loss position, 12 months or more, fair value		881,100
Securities, continuous unrealized loss position, 12 months or more, unrealized losses		(686)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		2,877,272
Securities, continuous unrealized loss position, unrealized losses		(4,514)
Securities, continuous unrealized loss position, less than 12 months, fair value		1,996,172
Securities, continuous unrealized loss position, fair value		$ 2,877,272

Note 4 - Loans and Allowance 30

Note 4 - Loans and Allowance for Loan Losses (Details Textual) xbrli-pure in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2016	Sep. 30, 2017USD ($)	Sep. 30, 2016	Dec. 31, 2016USD ($)
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0	0	0
Troubled Debt Restructurings [Member]
Allowance for Credit Losses, Change in Method of Calculating Impairment	$ 947,843		$ 947,843		$ 329,734

Note 4 - Loans and Allowance 31

Note 4 - Loans and Allowance for Loan Losses - Loans by Category (Details) - USD ($)	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Loans receivable	$ 624,592,058		$ 544,398,300
Allowance for loan losses	(7,009,097)	$ (6,640,000)	(5,742,449)	$ (6,397,000)	$ (6,181,000)	$ (5,812,000)
Deferred loan fees/costs, net	(698,909)		(382,211)
Net loans	616,884,052		538,273,640
Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member]
Loans receivable	107,750,990		106,410,559
Allowance for loan losses	(856,000)	(936,000)	(856,000)	(885,000)	(862,000)	(821,000)
Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member]
Loans receivable	74,653,469		48,483,523
Allowance for loan losses	(375,000)	(323,000)	(206,000)	(163,000)	(157,000)	(177,000)
Real Estate, Construction [Member]
Loans receivable	62,046,871		40,912,307
Allowance for loan losses	(2,279,000)	(1,739,000)	(1,377,000)	(1,996,000)	(1,668,000)	(1,246,000)
Commercial Real Estate Portfolio Segment [Member]
Loans receivable	266,292,510		249,580,873
Allowance for loan losses	(1,767,000)	(1,954,000)	(1,687,000)	(1,699,000)	(1,613,000)	(1,526,000)
Commercial Portfolio Segment [Member]
Loans receivable	90,186,600		75,404,732
Allowance for loan losses	(1,134,000)	(1,226,000)	(1,168,000)	(1,323,000)	(1,366,000)	(1,382,000)
Consumer and Other Loans [Member]
Loans receivable	23,661,618		23,606,306
Allowance for loan losses	$ (427,000)	$ (335,000)	$ (337,000)	$ (277,000)	$ (288,000)	$ (223,000)

Note 4 - Loans and Allowance 32

Note 4 - Loans and Allowance for Loan Losses - Loans by Aging (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Loans receivable, past due	$ 4,831,000	$ 1,596,000
Loans receivable, current	619,761,000	542,802,000
Loans receivable	624,592,058	544,398,300
Loans receivable, past due and accruing
Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member]
Loans receivable, past due	2,435,000	965,000
Loans receivable, current	105,316,000	105,446,000
Loans receivable	107,750,990	106,410,559
Loans receivable, past due and accruing
Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member]
Loans receivable, past due	783,000
Loans receivable, current	73,870,000	48,483,000
Loans receivable	74,653,469	48,483,523
Loans receivable, past due and accruing
Real Estate, Construction [Member]
Loans receivable, past due
Loans receivable, current	62,047,000	40,912,000
Loans receivable	62,046,871	40,912,307
Loans receivable, past due and accruing
Commercial Real Estate Portfolio Segment [Member]
Loans receivable, past due	215,000
Loans receivable, current	266,077,000	249,581,000
Loans receivable	266,292,510	249,580,873
Loans receivable, past due and accruing
Commercial Portfolio Segment [Member]
Loans receivable, past due	1,384,000	593,000
Loans receivable, current	88,803,000	74,812,000
Loans receivable	90,186,600	75,404,732
Loans receivable, past due and accruing
Consumer and Other Loans [Member]
Loans receivable, past due	14,000	38,000
Loans receivable, current	23,648,000	23,568,000
Loans receivable	23,661,618	23,606,306
Loans receivable, past due and accruing
Financing Receivables, 30 to 59 Days Past Due [Member]
Loans receivable, past due	2,335,000	367,000
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member]
Loans receivable, past due	1,542,000	367,000
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member]
Loans receivable, past due	783,000
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate, Construction [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
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer and Other Loans [Member]
Loans receivable, past due	10,000
Financing Receivables, 60 to 89 Days Past Due [Member]
Loans receivable, past due	648,000	495,000
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member]
Loans receivable, past due	644,000	495,000
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member]
Loans receivable, past due
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate, Construction [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 and Other Loans [Member]
Loans receivable, past due	4,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans receivable, past due	1,848,000	734,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member]
Loans receivable, past due	249,000	103,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member]
Loans receivable, past due
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate, Construction [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	215,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Loans receivable, past due	1,384,000	593,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer and Other Loans [Member]
Loans receivable, past due		$ 38,000

Note 4 - Loans and Allowance 33

Note 4 - Loans and Allowance for Loan Losses - Nonaccruing Loans (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Nonaccruing loans	$ 9,694,970	$ 8,631,639
Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member]
Nonaccruing loans	2,274,040	2,060,180
Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member]
Nonaccruing loans
Real Estate, Construction [Member]
Nonaccruing loans	5,309,728	5,446,896
Commercial Real Estate Portfolio Segment [Member]
Nonaccruing loans	376,091	161,491
Commercial Portfolio Segment [Member]
Nonaccruing loans	1,610,950	925,281
Consumer and Other Loans [Member]
Nonaccruing loans	$ 124,161	$ 37,791

Note 4 - Loans and Allowance 34

Note 4 - Loans and Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Balance, beginning of period	$ 6,640,000	$ 6,181,000	$ 5,742,449	$ 5,812,000
Provision for loan losses	450,000	200,000	1,500,000	950,000
Losses charged off	(117,000)	(69,000)	(336,000)	(601,000)
Recoveries	36,000	85,000	103,000	236,000
Balance, end of period	7,009,097	6,397,000	7,009,097	6,397,000
Ending balance: individually evaluated for impairment	1,326,000		1,326,000		$ 602,000
Ending balance: collectively evaluated for impairment	5,683,000		5,683,000		5,140,000
Loans:
Ending balance: individually evaluated for impairment	8,863,000		8,863,000		8,699,000
Ending balance: collectively evaluated for impairment	615,729,000		615,729,000		535,699,000
Ending balance: individually evaluated for impairment	1,326,000		1,326,000		602,000
Ending balance: collectively evaluated for impairment	5,683,000		5,683,000		5,140,000
Real Estate, Construction [Member]
Balance, beginning of period	1,739,000	1,668,000	1,377,000	1,246,000
Provision for loan losses	524,000	282,000	847,000	922,000
Losses charged off				(252,000)
Recoveries	16,000	46,000	55,000	80,000
Balance, end of period	2,279,000	1,996,000	2,279,000	1,996,000
Ending balance: individually evaluated for impairment	830,000		830,000		302,000
Ending balance: collectively evaluated for impairment	1,449,000		1,449,000		1,075,000
Loans:
Ending balance: individually evaluated for impairment	5,310,000		5,310,000		5,447,000
Ending balance: collectively evaluated for impairment	56,737,000		56,737,000		35,465,000
Ending balance: individually evaluated for impairment	830,000		830,000		302,000
Ending balance: collectively evaluated for impairment	1,449,000		1,449,000		1,075,000
Commercial Real Estate Portfolio Segment [Member]
Balance, beginning of period	1,954,000	1,613,000	1,687,000	1,526,000
Provision for loan losses	(116,000)	86,000	151,000	141,000
Losses charged off	(71,000)		(71,000)
Recoveries				32,000
Balance, end of period	1,767,000	1,699,000	1,767,000	1,699,000
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	1,767,000		1,767,000		1,687,000
Loans:
Ending balance: individually evaluated for impairment	161,000		161,000		161,000
Ending balance: collectively evaluated for impairment	266,131,000		266,131,000		249,420,000
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	1,767,000		1,767,000		1,687,000
Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member]
Balance, beginning of period	936,000	862,000	856,000	821,000
Provision for loan losses	(81,000)	6,000	2,000	80,000
Losses charged off			(11,000)	(47,000)
Recoveries	1,000	17,000	9,000	31,000
Balance, end of period	856,000	885,000	856,000	885,000
Ending balance: individually evaluated for impairment	56,000		56,000		14,000
Ending balance: collectively evaluated for impairment	800,000		800,000		842,000
Loans:
Ending balance: individually evaluated for impairment	2,274,000		2,274,000		2,060,000
Ending balance: collectively evaluated for impairment	105,477,000		105,477,000		104,351,000
Ending balance: individually evaluated for impairment	56,000		56,000		14,000
Ending balance: collectively evaluated for impairment	800,000		800,000		842,000
Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member]
Balance, beginning of period	323,000	157,000	206,000	177,000
Provision for loan losses	52,000	6,000	169,000	(14,000)
Losses charged off	0		0
Recoveries	0		0
Balance, end of period	375,000	163,000	375,000	163,000
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	375,000		375,000		206,000
Loans:
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	74,653,000		74,653,000		48,483,000
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	375,000		375,000		206,000
Commercial Portfolio Segment [Member]
Balance, beginning of period	1,226,000	1,366,000	1,168,000	1,382,000
Provision for loan losses	(99,000)	(40,000)	40,000	102,000
Losses charged off		(11,000)	(85,000)	(170,000)
Recoveries	7,000	8,000	11,000	9,000
Balance, end of period	1,134,000	1,323,000	1,134,000	1,323,000
Ending balance: individually evaluated for impairment	310,000		310,000		241,000
Ending balance: collectively evaluated for impairment	824,000		824,000		927,000
Loans:
Ending balance: individually evaluated for impairment	931,000		931,000		925,000
Ending balance: collectively evaluated for impairment	89,256,000		89,256,000		74,480,000
Ending balance: individually evaluated for impairment	310,000		310,000		241,000
Ending balance: collectively evaluated for impairment	824,000		824,000		927,000
Consumer and Other Loans [Member]
Balance, beginning of period	335,000	288,000	337,000	223,000
Provision for loan losses	126,000	33,000	231,000	102,000
Losses charged off	(46,000)	(58,000)	(169,000)	(132,000)
Recoveries	12,000	14,000	28,000	84,000
Balance, end of period	427,000	277,000	427,000	277,000
Ending balance: individually evaluated for impairment	130,000		130,000		45,000
Ending balance: collectively evaluated for impairment	297,000		297,000		292,000
Loans:
Ending balance: individually evaluated for impairment	187,000		187,000		106,000
Ending balance: collectively evaluated for impairment	23,475,000		23,475,000		23,500,000
Ending balance: individually evaluated for impairment	130,000		130,000		45,000
Ending balance: collectively evaluated for impairment	297,000		297,000		292,000
Unallocated Financing Receivables [Member]
Balance, beginning of period	127,000	227,000	111,000	437,000
Provision for loan losses	44,000	(173,000)	60,000	(383,000)
Losses charged off	0		0
Recoveries	0		0
Balance, end of period	171,000	$ 54,000	171,000	$ 54,000
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	171,000		171,000		111,000
Loans:
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	$ 171,000		$ 171,000		$ 111,000

Note 4 - Loans and Allowance 35

Note 4 - Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Valuation allowance	$ 1,326		$ 1,326		$ 602
Loans recorded balance	8,863		8,863		8,699
Loans unpaid principal	10,669		10,669		10,384
Loans interest income recognized				$ 1
Loans average investment in impaired loans	8,660	11,678	8,835	12,524
Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member]
Loans without a specific valuation allowance, recorded balance	1,815		1,815		2,006
Loans without a specific valuation allowance, unpaid principal	1,815		1,815		2,006
Loans with a specific valuation allowance, recorded balance	459		459		54
Loans with a specific valuation allowance, unpaid principal	459		459		54
Valuation allowance	56		56		14
Loans recorded balance	2,274		2,274		2,060
Loans unpaid principal	2,274		2,274		2,060
Loans without a specific valuation allowance, average investment in impaired loans	1,946	2,153	1,886	2,200
Loans interest income recognized
Loans with a specific valuation allowance, average investment in impaired loans	183	28	90	23
Loans average investment in impaired loans	2,129	2,181	1,976	2,223
Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member]
Loans without a specific valuation allowance, recorded balance
Loans without a specific valuation allowance, unpaid principal
Valuation allowance
Loans recorded balance
Loans unpaid principal
Loans without a specific valuation allowance, average investment in impaired loans
Loans interest income recognized
Loans with a specific valuation allowance, average investment in impaired loans
Loans average investment in impaired loans
Residential Portfolio Segment [Member] | Construction Loans [Member]
Loans without a specific valuation allowance, average investment in impaired loans	2,937	5,597	2,964	5,661
Loans interest income recognized
Loans with a specific valuation allowance, average investment in impaired loans	2,373	2,051	2,395	2,222
Loans average investment in impaired loans	5,310	7,648	5,359	7,883
Real Estate, Construction [Member]
Loans without a specific valuation allowance, recorded balance	2,937		2,937		3,017
Loans without a specific valuation allowance, unpaid principal	2,937		2,937		3,017
Loans with a specific valuation allowance, recorded balance	2,373		2,373		2,430
Loans with a specific valuation allowance, unpaid principal	3,606		3,606		3,663
Valuation allowance	830		830		302
Loans recorded balance	5,310		5,310		5,447
Loans unpaid principal	6,543		6,543		6,680
Commercial Real Estate Portfolio Segment [Member]
Loans without a specific valuation allowance, recorded balance	161		161		161
Loans without a specific valuation allowance, unpaid principal	161		161		161
Loans with a specific valuation allowance, recorded balance
Loans with a specific valuation allowance, unpaid principal	72		72
Valuation allowance
Loans recorded balance	161		161		161
Loans unpaid principal	233		233		161
Loans without a specific valuation allowance, average investment in impaired loans	161	244	360	657
Loans interest income recognized
Loans with a specific valuation allowance, average investment in impaired loans		278		93
Loans average investment in impaired loans	161	522	360	750
Commercial Portfolio Segment [Member]
Loans without a specific valuation allowance, recorded balance	500		500		622
Loans without a specific valuation allowance, unpaid principal	500		500		622
Loans with a specific valuation allowance, recorded balance	431		431		303
Loans with a specific valuation allowance, unpaid principal	932		932		755
Valuation allowance	310		310		241
Loans recorded balance	931		931		925
Loans unpaid principal	1,432		1,432		1,377
Loans without a specific valuation allowance, average investment in impaired loans	504	657	557	960
Loans interest income recognized
Loans with a specific valuation allowance, average investment in impaired loans	431	375	481	489
Loans average investment in impaired loans	935	1,032	1,038	1,449
Consumer and Other Loans [Member]
Loans without a specific valuation allowance, recorded balance	4		4		3
Loans without a specific valuation allowance, unpaid principal	4		4		3
Loans with a specific valuation allowance, recorded balance	183		183		103
Loans with a specific valuation allowance, unpaid principal	183		183		103
Valuation allowance	130		130		45
Loans recorded balance	187		187		106
Loans unpaid principal	187		187		$ 106
Consumer Portfolio Segment [Member]
Loans without a specific valuation allowance, average investment in impaired loans	2	185	8	114
Loans interest income recognized				1
Loans with a specific valuation allowance, average investment in impaired loans	123	110	94	105
Loans average investment in impaired loans	$ 125	$ 295	$ 102	$ 219

Note 4 - Loans and Allowance 36

Note 4 - Loans and Allowance for Loan Losses - Troubled Debt Restructurings (Details)	3 Months Ended
	Sep. 30, 2017USD ($)	Dec. 31, 2016USD ($)
Number of loans	1
Pre-modification outstanding recorded balance	$ 119,459
Post-modification outstanding recorded balance	119,459
TDRs, carrying balance	$ 12,690,711	$ 13,149,615
Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member]
Number of loans	0
Pre-modification outstanding recorded balance	$ 0
Post-modification outstanding recorded balance	0
TDRs, carrying balance	$ 1,313,598	1,564,468
Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member]
Number of loans	0
Pre-modification outstanding recorded balance	$ 0
Post-modification outstanding recorded balance	0
TDRs, carrying balance
Real Estate, Construction [Member]
Number of loans	0
Pre-modification outstanding recorded balance	$ 0
Post-modification outstanding recorded balance	0
TDRs, carrying balance	$ 5,309,728	5,446,895
Commercial Real Estate Portfolio Segment [Member]
Number of loans	0
Pre-modification outstanding recorded balance	$ 0
Post-modification outstanding recorded balance	0
TDRs, carrying balance	$ 5,701,518	5,736,849
Commercial Portfolio Segment [Member]
Number of loans	0
Pre-modification outstanding recorded balance	$ 0
Post-modification outstanding recorded balance	0
TDRs, carrying balance	$ 246,150	401,403
Consumer and Other Loans [Member]
Number of loans	1
Pre-modification outstanding recorded balance	$ 119,459
Post-modification outstanding recorded balance	119,459
TDRs, carrying balance	$ 119,717

Note 4 - Loans and Allowance 37

Note 4 - Loans and Allowance for Loan Losses - Troubled Debt Restructurings by Modification Type (Details)	3 Months Ended
	Sep. 30, 2017USD ($)
Post-modification outstanding recorded balance	$ 119,459
Interest Rate [Member]
Post-modification outstanding recorded balance	0
Term [Member]
Post-modification outstanding recorded balance	119,459
Combination [Member]
Post-modification outstanding recorded balance	0
Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member]
Post-modification outstanding recorded balance	0
Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member] | Interest Rate [Member]
Post-modification outstanding recorded balance	0
Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member] | Term [Member]
Post-modification outstanding recorded balance	0
Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member] | Combination [Member]
Post-modification outstanding recorded balance	0
Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member]
Post-modification outstanding recorded balance	0
Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member] | Interest Rate [Member]
Post-modification outstanding recorded balance	0
Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member] | Term [Member]
Post-modification outstanding recorded balance	0
Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member] | Combination [Member]
Post-modification outstanding recorded balance	0
Real Estate, Construction [Member]
Post-modification outstanding recorded balance	0
Real Estate, Construction [Member] | Interest Rate [Member]
Post-modification outstanding recorded balance	0
Real Estate, Construction [Member] | Term [Member]
Post-modification outstanding recorded balance	0
Real Estate, Construction [Member] | Combination [Member]
Post-modification outstanding recorded balance	0
Commercial Real Estate Portfolio Segment [Member]
Post-modification outstanding recorded balance	0
Commercial Real Estate Portfolio Segment [Member] | Interest Rate [Member]
Post-modification outstanding recorded balance	0
Commercial Real Estate Portfolio Segment [Member] | Term [Member]
Post-modification outstanding recorded balance	0
Commercial Real Estate Portfolio Segment [Member] | Combination [Member]
Post-modification outstanding recorded balance	0
Commercial Portfolio Segment [Member]
Post-modification outstanding recorded balance	0
Commercial Portfolio Segment [Member] | Interest Rate [Member]
Post-modification outstanding recorded balance	0
Commercial Portfolio Segment [Member] | Term [Member]
Post-modification outstanding recorded balance	0
Commercial Portfolio Segment [Member] | Combination [Member]
Post-modification outstanding recorded balance	0
Consumer and Other Loans [Member]
Post-modification outstanding recorded balance	119,459
Consumer and Other Loans [Member] | Interest Rate [Member]
Post-modification outstanding recorded balance	0
Consumer and Other Loans [Member] | Term [Member]
Post-modification outstanding recorded balance	119,459
Consumer and Other Loans [Member] | Combination [Member]
Post-modification outstanding recorded balance	$ 0

Note 4 - Loans and Allowance 38

Note 4 - Loans and Allowance for Loan Losses - Loans by Credit Quality (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Rating:
Loans receivable	$ 624,592,058	$ 544,398,300
Real Estate, Construction [Member]
Rating:
Loans receivable	62,046,871	40,912,307
Commercial Real Estate Portfolio Segment [Member]
Rating:
Loans receivable	266,292,510	249,580,873
Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member]
Rating:
Loans receivable	107,750,990	106,410,559
Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member]
Rating:
Loans receivable	74,653,469	48,483,523
Commercial Portfolio Segment [Member]
Rating:
Loans receivable	90,186,600	75,404,732
Consumer and Other Loans [Member]
Rating:
Loans receivable	23,661,618	23,606,306
Pass [Member]
Rating:
Loans receivable	599,464,000	518,988,000
Pass [Member] | Real Estate, Construction [Member]
Rating:
Loans receivable	56,737,000	35,465,000
Pass [Member] | Commercial Real Estate Portfolio Segment [Member]
Rating:
Loans receivable	259,020,000	242,200,000
Pass [Member] | Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member]
Rating:
Loans receivable	97,921,000	100,367,000
Pass [Member] | Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member]
Rating:
Loans receivable	73,870,000	48,483,000
Pass [Member] | Commercial Portfolio Segment [Member]
Rating:
Loans receivable	88,441,000	69,093,000
Pass [Member] | Consumer and Other Loans [Member]
Rating:
Loans receivable	23,475,000	23,380,000
Special Mention [Member]
Rating:
Loans receivable	12,788,000	13,016,000
Special Mention [Member] | Real Estate, Construction [Member]
Rating:
Loans receivable	0	0
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member]
Rating:
Loans receivable	5,615,000	5,922,000
Special Mention [Member] | Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member]
Rating:
Loans receivable	6,190,000	2,591,000
Special Mention [Member] | Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member]
Rating:
Loans receivable	783,000	0
Special Mention [Member] | Commercial Portfolio Segment [Member]
Rating:
Loans receivable	200,000	4,503,000
Special Mention [Member] | Consumer and Other Loans [Member]
Rating:
Loans receivable	0	0
Substandard [Member]
Rating:
Loans receivable	11,656,000	11,810,000
Substandard [Member] | Real Estate, Construction [Member]
Rating:
Loans receivable	5,310,000	5,447,000
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member]
Rating:
Loans receivable	1,657,000	1,459,000
Substandard [Member] | Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member]
Rating:
Loans receivable	3,640,000	3,453,000
Substandard [Member] | Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member]
Rating:
Loans receivable	0	0
Substandard [Member] | Commercial Portfolio Segment [Member]
Rating:
Loans receivable	862,000	1,225,000
Substandard [Member] | Consumer and Other Loans [Member]
Rating:
Loans receivable	187,000	226,000
Doubtful [Member]
Rating:
Loans receivable	684,000	584,000
Doubtful [Member] | Real Estate, Construction [Member]
Rating:
Loans receivable	0	0
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member]
Rating:
Loans receivable		0
Doubtful [Member] | Residential Portfolio Segment [Member] | Real Estate Residential, One To Four Family Units [Member]
Rating:
Loans receivable	0	0
Doubtful [Member] | Residential Portfolio Segment [Member] | Real Estate Residential, Multi Family Units [Member]
Rating:
Loans receivable	0	0
Doubtful [Member] | Commercial Portfolio Segment [Member]
Rating:
Loans receivable	684,000	584,000
Doubtful [Member] | Consumer and Other Loans [Member]
Rating:
Loans receivable	$ 0	$ 0

Note 5 - Benefit Plans (Details

Note 5 - Benefit Plans (Details Textual) - USD ($)	Mar. 29, 2017	Feb. 28, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value					$ 0	$ 169,103
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value			$ 669,800	$ 438,800	669,800	438,800
Share Price	$ 20.48
Allocated Share-based Compensation Expense			136,263	$ 100,594	363,041	313,855
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized			$ 768,224		768,224
Officer [Member]
Restricted Stock or Unit Expense					$ 102,529
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period					13,386
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value					$ 20.33
Restricted Stock [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		6,960
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 20.35
Restricted Stock or Unit Expense					$ 101,099	$ 94,136
Restricted Stock [Member] | Director [Member] | Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		6,195
Share-based Compensation Arrangement by Share-based Payment Award Equity Instruments Other Than Options, Cliff Vesting Period		1 year
Restricted Stock [Member] | Director [Member] | Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		765
Share-based Compensation Arrangement by Share-based Payment Award Equity Instruments Other Than Options, Cliff Vesting Period		3 years
Restricted Stock Units (RSUs) [Member] | Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	55,823				6,426	15,343
Share-based Compensation Arrangement by Share-based Payment Award Equity Instruments Other Than Options, Cliff Vesting Period					3 years
Restricted Stock or Unit Expense					$ 159,413	$ 209,430
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Incentive Award Level, Threshold, Percentage	25.00%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Incentive Award Level, Target, Percentage	50.00%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Maximum Incentive Award Level, Percentage	100.00%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Incentive Award Level, Weight, Total Assets, Percentage	50.00%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Incentive Award Level, Weight, Return on Average Assets, Percentage	50.00%

Note 5 - Benefit Plans - Stock

Note 5 - Benefit Plans - Stock Option Activity (Details)	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Balance outstanding (in dollars per share) | $ / shares	$ 20.15
Granted (in dollars per share) | $ / shares
Exercised (in dollars per share) | $ / shares
Forfeited (in dollars per share) | $ / shares	29.48
Balance outstanding (in dollars per share) | $ / shares	15.75
Options exercisable as of September 30, 2017 (in dollars per share) | $ / shares	$ 15.75
Incentive Stock Options [Member]
Balance outstanding (in shares)	60,000
Granted (in shares)
Exercised (in shares)
Forfeited (in shares)	(11,000)
Balance outstanding (in shares)	49,000
Options exercisable as of September 30, 2017 (in shares)	49,000
Non-Incentive Stock Options [Member]
Balance outstanding (in shares)	52,500
Granted (in shares)
Exercised (in shares)
Forfeited (in shares)	(25,000)
Balance outstanding (in shares)	27,500
Options exercisable as of September 30, 2017 (in shares)	27,500

Note 5 - Benefit Plans - Restri

Note 5 - Benefit Plans - Restricted Stock (Details) - Restricted Stock [Member]	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Balance of shares non-vested (in shares) | shares	60,955
Balance of shares non-vested (in dollars per share) | $ / shares	$ 13.62
Granted (in shares) | shares	13,386
Granted (in dollars per share) | $ / shares	$ 20.33
Vested (in shares) | shares	(27,291)
Vested (in dollars per share) | $ / shares	$ 12.25
Forfeited (in shares) | shares
Forfeited (in dollars per share) | $ / shares
Balance of shares non-vested (in shares) | shares	47,050
Balance of shares non-vested (in dollars per share) | $ / shares	$ 16.33

Note 5 - Benefits Plan - Perfor

Note 5 - Benefits Plan - Performance Stock Units (Details) - Performance Shares [Member]	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Balance of shares non-vested (in shares) | shares	0
Balance of shares non-vested (in dollars per share) | $ / shares	$ 0
Granted (in shares) | shares	55,823
Granted (in dollars per share) | $ / shares	$ 20.48
Vested (in shares) | shares	0
Vested (in dollars per share) | $ / shares	$ 0
Forfeited (in shares) | shares	0
Forfeited (in dollars per share) | $ / shares	$ 0
Balance of shares non-vested (in shares) | shares	55,823
Balance of shares non-vested (in dollars per share) | $ / shares	$ 20.48

Note 6 - Income Per Common Sh43

Note 6 - Income Per Common Share (Details Textual) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	32,500	73,500	32,500	73,500

Note 6 - Income Per Common Sh44

Note 6 - Income Per Common Share - Income Per Share (Details) - USD ($)	3 Months Ended			6 Months Ended	9 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Sep. 30, 2016	Jun. 30, 2017	Sep. 30, 2017	Sep. 30, 2016
Basic Income Per Common Share, Income Available to Common Shareholders	$ 1,717,383	$ 1,541,907	$ 1,541,907	$ 4,074,664	$ 4,739,197	$ 4,074,664
Basic Income Per Common Share, Average Common Shares Outstanding (in shares)	4,374,725	4,370,700		4,365,835	4,370,877
Basic Income Per Common Share (in dollars per share)	$ 0.39	$ 0.35	$ 0.35	$ 0.93	$ 1.08	$ 0.93
Effect of Dilutive Securities, Average Common Shares Outstanding (in shares)	72,841	56,853		53,553	64,815
Diluted Income Per Common Share, Income Available to Common Shareholders	$ 1,717,383	$ 1,541,907		$ 4,074,664	$ 4,739,197
Diluted Income Per Common Share, Average Common Shares Outstanding (in shares)	4,447,566	4,427,553		4,419,388	4,435,692
Diluted Income Per Common Share (in dollars per share)	$ 0.39	$ 0.35	$ 0.35	$ 0.92	$ 1.07	$ 0.92

Note 8 - Derivative Financial45

Note 8 - Derivative Financial Instruments (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2017
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax		$ (76,222)		$ 151,420
Interest Rate Swap [Member]
Derivative, Notional Amount	$ 50,000,000	$ 50,000,000		$ 50,000,000		$ 50,000,000
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	95,395
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	$ 56,025

Note 8 - Derivative Financial46

Note 8 - Derivative Financial Instruments - Summary of Derivative Financial Instruments (Details) - Interest Rate Swap [Member] - USD ($)	9 Months Ended
	Sep. 30, 2017	Jun. 30, 2017
Termination Date	Feb. 28, 2025
Notional Amount	$ 50,000,000	$ 50,000,000
Rate Paid	2.12%
Estimated Fair Value	$ 151,420

Note 9 - Disclosures About Fa47

Note 9 - Disclosures About Fair Value of Assets and Liabilities - Fair Value of Assets Measured on Recurring Basis (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Available-for-sale securities	$ 83,205,195	$ 92,399,235
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities	33,893,331	38,337,525
Corporate Debt Securities [Member]
Available-for-sale securities	3,070,000	7,053,522
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Available-for-sale securities	46,241,864	47,008,188
Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities
Fair Value, Inputs, Level 1 [Member] | US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities
Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member]
Available-for-sale securities
Fair Value, Inputs, Level 1 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Available-for-sale securities
Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	83,205,000	92,399,000
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities	33,893,000	38,338,000
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member]
Available-for-sale securities	3,070,000	7,053,000
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Available-for-sale securities	46,242,000	47,008,000
Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities
Fair Value, Inputs, Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities
Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member]
Available-for-sale securities
Fair Value, Inputs, Level 3 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Available-for-sale securities
Interest Rate Swap [Member]
Interest rate swaps	151,420
Interest Rate Swap [Member] | Fair Value, Inputs, Level 1 [Member]
Interest rate swaps
Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member]
Interest rate swaps	151,000
Interest Rate Swap [Member] | Fair Value, Inputs, Level 3 [Member]
Interest rate swaps

Note 9 - Disclosures About Fa48

Note 9 - Disclosures About Fair Value of Assets and Liabilities - Fair Value of Assets Measured on Non-recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Impaired Loans [Member]
Assets measured at fair value on a nonrecurring basis	$ 1,474	$ 1,006
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	1,474	1,006
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 9 - Disclosures About Fa49

Note 9 - 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 ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Impaired Loans [Member]
Assets, fair value	$ 1,474	$ 1,006
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%	100.00%
Impaired Loans [Member] | Weighted Average [Member]
Range	15.00%	7.00%
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%	10.00%

Note 9 - Disclosures About Fa50

Note 9 - Disclosures About Fair Value of Assets and Liabilities - Fair Value of Financial Instruments (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	$ 10,721,184	$ 9,088,441
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Financial assets:
Held-to-maturity securities, approximate fair value	18,424	27,528
Federal Home Loan Bank stock	4,137,500	4,611,000
Mortgage loans held for sale	2,516,520	2,183,633
Interest receivable	2,164,278	1,947,063
Financial liabilities:
Deposits	584,088,617	505,362,750
Federal Home Loan Bank advances	82,800,000	95,700,000
Interest payable	253,045	207,833
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Financial assets:
Loans, net	616,884,052	538,273,640
Financial liabilities:
Subordinated debentures	15,465,000	15,465,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	10,721,184	9,088,441
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Financial assets:
Held-to-maturity securities, approximate fair value	18,582	28,153
Federal Home Loan Bank stock	4,137,500	4,611,000
Mortgage loans held for sale	2,516,520	2,183,633
Interest receivable	2,164,278	1,947,063
Financial liabilities:
Deposits	583,406,521	504,829,161
Federal Home Loan Bank advances	83,002,996	95,764,840
Interest payable	253,045	207,833
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Financial assets:
Loans, net	613,749,211	537,645,692
Financial liabilities:
Subordinated debentures	$ 15,465,000	$ 15,465,000