Ottawa Savings Bancorp 10-Q 13 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 13, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Ottawa Savings Bancorp, Inc.
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		2,894,123
Amendment Flag	false
Entity Central Index Key	1,321,070
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Assets
Cash and due from banks	$ 2,577,799	$ 2,053,117
Interest earning deposits	1,826,125	3,140,118
Total cash and cash equivalents	4,403,924	5,193,235
Time deposits	649,000	854,861
Federal funds sold	5,668,000	1,662,000
Securities available for sale	50,640,707	52,772,108
Non-marketable equity securities	1,358,121	1,780,674
Loans, net of allowance for loan losses of $2,324,587 and $2,314,607 at September 30, 2015 and December 31, 2014, respectively	139,256,712	142,501,513
Loans held for sale	102,000
Premises and equipment, net	7,067,382	7,040,228
Accrued interest receivable	824,066	881,612
Foreclosed real estate	146,428	232,650
Deferred tax assets	2,897,770	3,055,068
Cash value of life insurance	2,183,848	2,148,043
Goodwill	649,869	649,869
Core deposit intangible	480,000	567,000
Other assets	1,958,706	2,386,030
Total assets	218,286,533	221,724,891
Deposits:
Non-interest bearing	9,913,540	8,198,356
Interest bearing	171,847,271	174,034,663
Total deposits	181,760,811	182,233,019
Accrued interest payable	2,794	369
FHLB advances	2,672,003	5,483,036
Other liabilities	3,072,363	3,876,053
Total liabilities	$ 187,507,971	$ 191,592,477
Commitments and contingencies
Redeemable common stock held by ESOP plan	$ 462,890	$ 424,730
Stockholders' Equity
Common stock, $.01 par value, 12,000,000 shares authorized; 3,001,055 shares issued	30,010	30,010
Additional paid-in-capital	15,842,174	15,830,623
Retained earnings	15,947,081	15,423,412
Unallocated ESOP shares	(216,223)	(254,380)
Unearned management recognition plan shares	(5,975)	(12,388)
Accumulated other comprehensive income	393,613	327,255
	31,990,680	31,344,532
Less:
Treasury stock, at cost; 106,932 shares	(1,212,118)	(1,212,118)
Maximum cash obligation related to ESOP shares	(462,890)	(424,730)
Total stockholders' equity	30,315,672	29,707,684
Total liabilities and stockholders' equity	$ 218,286,533	$ 221,724,891

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Allowance for loan losses (in Dollars)	$ 2,324,587	$ 2,314,607
Common stock par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	12,000,000	12,000,000
Common stock, shares issued	3,001,055	3,001,055
Treasury shares shares	106,932	106,932

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest and dividend income:
Interest and fees on loans	$ 1,670,235	$ 1,463,865	$ 5,126,949	$ 4,310,573
Securities:
Residential mortgage-backed and related securities	159,046	133,958	473,026	415,161
State and municipal securities	142,296	72,342	425,199	214,535
Dividends on non-marketable equity securities	1,680	1,303	4,958	3,383
Interest-earning deposits	3,545	328	11,415	2,300
Total interest and dividend income	1,976,802	1,671,796	6,041,547	4,945,952
Interest expense:
Deposits	215,036	234,254	658,202	741,065
Borrowings	15,847	179	47,379	179
Total interest expense	230,883	234,433	705,581	741,244
Net interest income	1,745,919	1,437,363	5,335,966	4,204,708
Provision for loan losses		225,000	220,000	695,000
Net interest income after provision for loan losses	1,745,919	1,212,363	5,115,966	3,509,708
Other non-interest income:
Gain on sale of securities		42,054	21,630	42,054
Gain on sale of loans	57,812	18,455	148,221	25,442
Gain on sale of OREO	168,974	60,706	215,907	81,701
Gain on sale of repossessed assets	7,237	4,000	9,572	7,872
Origination of mortgage servicing rights, net of amortization	(3,434)	1,368	7,402	(1,513)
Customer service fees	122,735	79,941	328,293	223,523
Income on bank owned life insurance	11,549	12,865	35,805	39,285
Other	26,965	28,454	79,737	83,652
Total other non-interest income	391,838	247,843	846,567	502,016
Other non-interest expenses:
Salaries and employee benefits	739,607	476,538	2,151,162	1,300,716
Directors fees	37,800	25,200	113,400	75,600
Occupancy	168,137	124,932	498,748	385,204
Deposit insurance premium	45,673	35,098	134,778	103,772
Legal and professional services	82,528	184,365	267,931	405,294
Data processing	124,221	80,797	1,296,387	219,274
Loss on sale of securities		17,234	2,039	17,234
Valuation adjustments and expenses on foreclosed real estate	44,865	13,524	154,768	55,710
Loss on sale of OREO				10,271
Loss on sale of repossessed assets			11,971	2,919
Other	227,380	164,872	702,685	473,146
Total other non-interest expenses	1,470,211	1,122,560	5,333,869	3,049,140
Income before income tax expense	667,546	337,646	628,664	962,584
Income tax expense	210,564	101,426	104,995	294,546
Net income	$ 456,982	$ 236,220	$ 523,669	$ 668,038
Basic earnings per share (in Dollars per share)	$ 0.16	$ 0.11	$ 0.18	$ 0.32
Diluted earnings per share (in Dollars per share)	$ 0.16	$ 0.11	$ 0.18	$ 0.32

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net income	$ 456,982	$ 236,220	$ 523,669	$ 668,038
Securities available for sale:
Unrealized holding gains (losses) arising during the period	129,597	(8,643)	128,052	475,011
Reclassification adjustment for net (gains) included in net income		(24,820)	(19,591)	(24,820)
Other comprehensive income (loss), before tax	129,597	(33,463)	108,461	450,191
Income tax expense (benefit) related to items of other comprehensive income	50,307	(12,990)	42,103	174,427
Other comprehensive income (loss), net of tax	79,290	(20,473)	66,358	275,764
Comprehensive income	$ 536,272	$ 215,747	$ 590,027	$ 943,802

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash Flows from Operating Activities
Net income	$ 523,669	$ 668,038
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	165,740	134,199
Provision for loan losses	220,000	695,000
Provision for deferred income taxes	115,195	(11,002)
Net amortization of premiums and discounts on securities	535,220	418,500
Gain on sale of securities, net	(19,591)	(24,820)
Origination of mortgage loans held for sale	(5,075,975)	(1,570,150)
Proceeds from sale of mortgage loans held for sale	5,112,792	1,487,592
Gain on sale of loans, net	(148,221)	(25,442)
Origination of mortgage servicing rights, net of amortization	(7,401)	1,513
Gain on sale of foreclosed real estate	(215,907)	(71,430)
Write down of foreclosed real estate	75,490
Loss (gain) on sale of repossessed assets	2,399	(4,953)
ESOP compensation expense	41,981	34,363
MRP compensation expense	6,413	6,412
Compensation expense on RRP options granted	7,727	7,726
Amortization of core deposit intangible	87,000
Amortization (accretion) of fair value adjustments on acquired:
Loans	115,835
Certificates of deposit	(82,000)
Increase in cash surrender value of life insurance	(35,805)	(39,285)
Change in assets and liabilities:
Decrease in accrued interest receivable	57,546	31,673
Decrease (increase) in other assets	402,797	(210,619)
(Decrease) in accrued interest payable and other liabilities	(801,265)	(175,454)
Net cash provided by operating activities	1,093,043	1,351,861
Securities available for sale:
Purchases	(9,481,877)	(3,809,868)
Sales, calls, maturities, and paydowns	11,206,110	8,311,265
Net decrease in time deposits	205,861
Net (increase) decrease in federal funds sold	(4,006,000)	2,741,000
Net decrease (increase) in loans	1,844,187	(2,426,528)
Proceeds from sale of foreclosed real estate	1,218,318	408,582
Proceeds from sale of repossessed assets	102,629	34,425
Sale of non-marketable equity securities	422,553
Purchase of premises and equipment	(192,894)	(8,271)
Net cash provided by investing activities	1,318,887	5,250,605
Cash Flows from Financing Activities
Net decrease in deposits	(390,208)	(10,657,761)
Proceeds from Federal Home Loan Bank advances		2,000,000
Principal reduction of Federal Home Loan Bank advances	(2,811,033)	(2,000,000)
Net cash used in financing activities	(3,201,241)	(10,657,761)
Net decrease in cash and cash equivalents	(789,311)	(4,055,295)
Cash and cash equivalents:
Beginning	5,193,235	6,605,840
Ending	4,403,924	2,550,545
Cash payments for:
Income taxes paid, net of (refunds) received	(48,000)	231,000
Supplemental Schedule of Noncash Investing and Financing Activities
Real estate acquired through or in lieu of foreclosure	991,679	400,425
Other assets acquired in settlement of loans	73,100	47,850
Sale of foreclosed real estate through loan origination		316,200
Increase in ESOP put option liability	38,160	76,440
Interest Paid to Depositors [Member]
Cash payments for:
Interest paid	655,777	739,490
Interest Paid on Borrowings [Member]
Cash payments for:
Interest paid	$ 47,379	$ 179

Note 1 - Nature of Business

Note 1 - Nature of Business	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Nature of Operations [Text Block]	NOTE 1 – NATURE OF BUSINESS Ottawa Savings Bancorp, Inc. (the “Company”) is a savings and loan holding company incorporated under the laws of the United States on July 11, 2005, for the purpose of serving as the holding company of Ottawa Savings Bank (the “Bank”), as part of the Bank’s conversion from a mutual to a stock form of organization. The Company is a publicly traded banking company with assets of $218.3 million at September 30, 2015 and is headquartered in Ottawa, Illinois. The Bank’s business is to attract deposits from the general public and use those funds to originate and purchase one-to-four family, multi-family and non-residential real estate, construction, commercial and consumer loans, which the Bank primarily holds for investment. The Bank has continually diversified its products to meet the needs of the communities it serves. In 2005, the Board of Directors of the Bank unanimously adopted a plan of conversion providing for the conversion of the Bank from an Illinois chartered mutual savings bank to a federally chartered stock savings bank and the purchase of all of the common stock of the Bank by the Company. The depositors of the Bank approved the plan at a meeting held in 2005. In adopting the plan, the Board of Directors of the Bank determined that the conversion was advisable and in the best interests of its depositors and the Bank. The conversion was completed in 2005 when the Company issued 1,223,701 shares of common stock to Ottawa Savings Bancorp MHC (a mutual holding company), and 1,001,210 shares of common stock to the public. On December 31, 2014, the Company acquired Twin Oaks Savings Bank (“Twin Oaks”) and merged Twin Oaks with and into the Bank, with the Bank being the surviving entity in the merger (the “Merger”). Since the Merger occurred at the close of business on December 31, 2014, there are no operating results of the former Twin Oaks included in the consolidated financial statements for 2014; however, beginning January 1, 2015 they are included going forward. In connection with the Merger, the Company issued 776,144 shares of common stock to Ottawa Savings Bancorp, MHC. As of September 30, 2015, Ottawa Savings Bancorp MHC holds 1,999,845 shares of common stock, representing 69.1% of the Company’s common shares outstanding.

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Basis of Accounting [Text Block]	NOTE 2 – BASIS OF PRESENTATION The consolidated financial statements presented in this quarterly report include the accounts of the Company and the Bank. The consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and predominant practices followed by the financial services industry, and are unaudited. In the opinion of the Company’s management, all adjustments, consisting of normal recurring adjustments, which the Company considers necessary to fairly state the Company’s financial position and the results of operations and cash flows have been recorded. The interim financial statements should be read in conjunction with the audited financial statements and accompanying notes of the Company for the year ended December 31, 2014. Certain amounts in the accompanying financial statements and footnotes for 2014 have been reclassified with no effect on net income or stockholders’ equity to be consistent with the 2015 classifications. The results of the Company’s operations for any interim period are not necessarily indicative of the results of the Company’s operations for any other interim period or for a full fiscal year.

Note 3 - Use of Estimates

Note 3 - Use of Estimates	9 Months Ended
	Sep. 30, 2015
Use Of Estimates [Abstract]
Use Of Estimates [Text Block]	NOTE 3 – USE OF ESTIMATES The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect amounts reported in the consolidated financial statements. Changes in these estimates and assumptions are considered reasonably possible and may have a material impact on the consolidated financial statements and, thus, actual results could differ from the amounts reported and disclosed herein. At September 30, 2015, there were no material changes in the Company’s significant accounting policies from those disclosed in the Form 10-K filed with the Securities and Exchange Commission on March 30, 2015.

Note 4 - Critical Accounting Po

Note 4 - Critical Accounting Policies	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 4 – CRITICAL ACCOUNTING POLICIES We consider accounting policies involving significant judgments and assumptions by management that have, or could have, a material impact on the carrying value of certain assets or on income to be critical accounting policies. We consider the allowance for loan losses to be our critical accounting policy. Allowance for Loan Losses that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. All loans identified as impaired are evaluated independently. We do not aggregate such loans for evaluation purposes. Loan impairment is measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or, as a practical expedient, at the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Should full collection of principal be expected, cash collected on nonaccrual loans can be recognized as interest income. General loan loss allowances consists of quantitative and qualitative factors and covers non-impaired loans. The quantitative factors are based on historical loss experience adjusted for qualitative factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company using the most recent twelve quarters with heavier weighting given to the most recent quarters. The weighting applies 40% to each of the most recent four quarters and 30% to each of the next eight quarters. The allowance is increased through provisions charged against current earnings, and offset by recoveries of previously charged-off loans. Loans which are determined to be uncollectible are charged against the allowance. Management uses available information to recognize probable and reasonably estimable loan losses, but future loss provisions may be necessary based on changing economic conditions. T he allowance for loan losses as of September 30, 2015 is maintained at a level that represents management’s best estimate of losses inherent in the loan portfolio, and such losses were both probable and reasonably estimable. In addition, the Office of the Comptroller of the Currency, as an integral part of its examination process, periodically reviews our allowance for loan losses.

Note 5 - Earnings Per Share

Note 5 - Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 5 – EARNINGS PER SHARE Basic earnings per share is based on net income divided by the weighted average number of shares outstanding during the period, including allocated and committed-to-be-released Employee Stock Ownership Plan (“ESOP”) shares and vested Management Recognition Plan (“MRP”) shares. Diluted earnings per share show the dilutive effect, if any, of additional common shares issuable under stock options and awards. Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Net income available to common stockholders $ 456,982 $ 236,220 $ 523,669 $ 668,038 Basic potential common shares: Weighted average shares outstanding 2,894,123 2,117,979 2,894,123 2,117,979 Weighted average unallocated ESOP shares (22,461 ) (27,549 ) (23,720 ) (28,808 ) Weighted average unvested MRP shares (2,795 ) (4,539 ) (2,795 ) (4,539 ) Basic weighted average shares outstanding 2,868,867 2,085,891 2,867,608 2,084,632 Dilutive potential common shares: Weighted average unrecognized compensation on MRP shares 2,409 5,637 2,373 5,643 Weighted average RRP options outstanding * 9,413 1,203 11,112 - Dilutive weighted average shares outstanding 2,880,689 2,092,731 2,881,093 2,090,275 Basic earnings per share $ 0.16 $ 0.11 $ 0.18 $ 0.32 Diluted earnings per share $ 0.16 $ 0.11 $ 0.18 $ 0.32 *

Note 6 - Employee Stock Ownersh

Note 6 - Employee Stock Ownership Plan	9 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	On July 11, 2005, the Company adopted an ESOP for the benefit of substantially all employees. Upon adoption of the ESOP, the ESOP borrowed $763,140 from the Company and used those funds to acquire 76,314 shares of the Company's stock in the initial public offering at a price of $10.00 per share. Shares purchased by the ESOP with the loan proceeds are held in a suspense account and are allocated to ESOP participants on a pro rata basis as principal and interest payments are made by the ESOP to the Company. The loan is secured by shares purchased with the loan proceeds and will be repaid by the ESOP with funds from the Company’s discretionary contributions to the ESOP and earnings on the ESOP assets. Annual principal and interest payments of approximately $77,000 are to be made by the ESOP. As shares are released from collateral, the Company will report compensation expense equal to the current market price of the shares, and the shares will become outstanding for earnings-per-share (“EPS”) computations. Dividends on allocated ESOP shares reduce retained earnings, and dividends on unallocated ESOP shares reduce accrued interest. A terminated participant or the beneficiary of a deceased participant who received a distribution of employer stock from the ESOP has the right to require the Company to purchase such shares at their fair market value any time within 60 days of the distribution date. If this right is not exercised, an additional 60 day exercise period is available in the year following the year in which the distribution is made and begins after a new valuation of the stock has been determined and communicated to the participant or beneficiary. At September 30, 2015, 46,289 shares at a fair value of $10.00 have been classified as mezzanine capital. The following table reflects the status of the shares held by the ESOP: September 30, December 31, 2015 2014 Shares allocated 54,692 50,876 Shares withdrawn from the plan (8,403 ) (8,403 ) Unallocated shares 21,622 25,438 Total ESOP shares 67,911 67,911 Fair value of unallocated shares $ 216,220 $ 254,380

Note 7 - Investment Securities

Note 7 - Investment Securities	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE 7 – INVESTMENT SECURITIES The amortized cost and fair values of securities, with gross unrealized gains and losses, follows: Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value September 30, 2015: Available for Sale State and municipal securities $ 19,000,794 $ 354,476 $ 63,365 $ 19,291,905 Residential mortgage-backed securities 30,996,564 456,851 104,613 31,348,802 $ 49,997,358 $ 811,327 $ 167,978 $ 50,640,707 December 31, 2014: Available for Sale State and municipal securities $ 19,997,846 $ 261,791 $ 34,445 $ 20,225,192 Residential mortgage-backed securities 32,239,374 357,715 50,173 32,546,916 $ 52,237,220 $ 619,506 $ 84,618 $ 52,772,108 The amortized cost and fair value at September 30, 2015, by contractual maturity, are shown below. Maturities may differ from contractual maturities in residential mortgage-backed securities because the mortgages underlying the securities may be called or prepaid without penalties. Therefore, stated maturities of residential mortgage-backed securities are not disclosed. Securities Available for Sale Amortized Fair Cost Value Due in three months or less $ 240,759 $ 241,020 Due after three months through one year 497,765 505,210 Due after one year through five years 538,967 557,821 Due after five years through ten years 6,807,390 6,944,870 Due after ten years 10,915,914 11,042,984 Residential mortgage-backed securities 30,996,564 31,348,802 $ 49,997,359 $ 50,640,707 The following table reflects securities with gross unrealized losses for less than 12 months and for 12 months or more at September 30, 2015 and December 31, 2014: Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses September 30, 2015 Securities Available for Sale State and municipal securities $ 2,883,129 $ 21,144 $ 690,005 $ 42,221 $ 3,573,134 $ 63,365 Residential mortgage-backed securities 7,595,398 70,265 2,497,265 34,348 10,092,663 104,613 $ 10,478,527 $ 91,409 $ 3,187,270 $ 76,569 $ 13,665,797 $ 167,978 December 31, 2014 Securities Available for Sale State and municipal securities $ 408,165 $ 93 $ 701,492 $ 34,352 $ 1,109,657 $ 34,445 Residential mortgage-backed securities 2,449,087 21,546 3,468,577 28,627 5,917,664 50,173 $ 2,857,252 $ 21,639 $ 4,170,069 $ 62,979 $ 7,027,321 $ 84,618 Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability to retain and whether it is not more likely than not the Company will be required to sell its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and industry analysts’ reports. At September 30, 2015, 28 securities had unrealized losses with an aggregate depreciation of 1.21% from the Company’s amortized cost basis. The Company does not consider these investments to be other than temporarily impaired at September 30, 2015 due to the following: ● Decline in value is attributable to interest rates. ● The value did not decline due to credit quality. ● The Company does not intend to sell these securities. ● The Company has adequate liquidity such that it will not more likely than not have to sell these securities before recovery of the amortized cost basis, which may be at maturity. There were no proceeds from the sales of securities for the three months ended September 30, 2015 and proceeds of $3.5 million for the three months ended September 30, 2014. The sales during the three months ended September 30, 2014 resulted in gross realized gains of $42,054 and gross realized or losses of $17,234, for a net realized gain of $24,820. There were proceeds of $5.6 million from the sale of securities for the nine months ended September 30, 2015 and proceeds of $3.5 million for the nine months ended September 30, 2014, resulting in gross realized gains of $21,630 and $42,054, respectively, and gross realized losses of $2,039 and $17,234, respectively, for net realized gains of $19,591 and $24,820, respectively. The tax provision applicable to the realized gains amounted to $7,605 and $9,635, respectively, for the nine months ended September 30, 2015 and 2014.

Note 8 - Loans and Allowance fo

Note 8 - Loans and Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 8 – LOANS AND ALLOWANCE FOR CREDIT LOSSES The components of loans, net of deferred loan costs (fees), are as follows: September 30, December 31, 2015 2014 Mortgage loans: One-to-four family residential loans $ 98,755,277 $ 98,144,990 Multi-family residential loans 3,984,287 3,111,650 Total mortgage loans 102,739,564 101,256,640 Other loans: Non-residential real estate loans 20,087,027 20,928,085 Commercial loans 11,279,688 12,242,145 Consumer direct 1,428,380 1,724,700 Purchased auto 6,046,640 8,664,550 Total other loans 38,841,735 43,559,480 Gross loans 141,581,299 144,816,120 Less: Allowance for loan losses (2,324,587 ) (2,314,607 ) Loans, net $ 139,256,712 $ 142,501,513 The following table reflects the carrying amount of loans acquired in the Twin Oaks merger, which are included in the loan categories above as of the dates indicated. September 30, December 31, 2015 2014 Mortgage loans: One-to-four family residential loans $ 21,473,139 $ 23,667,808 Multi-family residential loans 295,822 529,147 Total mortgage loans 21,768,961 24,196,955 Other loans: Non-residential real estate loans 2,730,212 3,141,438 Commercial loans 940,662 1,450,602 Consumer direct 602,317 1,006,915 Purchased auto - - Total other loans 4,273,191 5,598,955 Gross loans 26,042,152 29,795,910 Less: Allowance for loan losses (50,000 ) - Loans, net $ 25,992,152 $ 29,795,910 Purchases of loans receivable, segregated by class of loans, for the periods indicated were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Purchased auto loans $ - $ 2,509,980 $ - $ 4,038,146 Net (charge-offs) / recoveries, segregated by class of loans, for the periods indicated were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 One-to-four family $ (157,703 ) $ 39,872 $ (73,744 ) $ (197,968 ) Multi-family 4,472 11,547 (21,477 ) 19,895 Non-residential (18,307 ) (181,863 ) (18,307 ) (336,110 ) Commercial - - - - Consumer direct (11,906 ) (24,600 ) (55,577 ) (23,047 ) Purchased auto (20,185 ) (26,142 ) (40,915 ) (53,329 ) Net (charge-offs)/recoveries $ (203,629 ) $ (181,186 ) $ (210,020 ) $ (590,559 ) September 30, 2015 One-to-Four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Balance at beginning of period $ 1,986,275 $ 143,970 $ 243,010 $ 32,650 $ 29,199 $ 93,112 $ 2,528,216 Provision charged to income (122,360 ) 18,729 67,433 12,777 18,628 4,793 - Loans charged off (158,302 ) - (18,307 ) - (13,647 ) (21,772 ) (212,028 ) Recoveries of loans previously charged off 599 4,472 - - 1,741 1,587 8,399 Balance at end of period $ 1,706,212 $ 167,171 $ 292,136 $ 45,427 $ 35,921 $ 77,720 $ 2,324,587 September 30, 2014 One-to-Four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Balance at beginning of period $ 2,472,553 $ 211,585 $ 180,350 $ 34,334 $ - $ 72,385 $ 2,971,207 Provision charged to income (184,948 ) 48,145 265,918 2,714 36,834 56,337 225,000 Loans charged off (26,809 ) - (181,863 ) - (25,000 ) (28,021 ) (261,693 ) Recoveries of loans previously charged off 66,681 11,547 - - 400 1,879 80,507 Balance at end of period $ 2,327,477 $ 271,277 $ 264,405 $ 37,048 $ 12,234 $ 102,580 $ 3,015,021 The following table presents the activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2015 and 2014: September 30, 2015 One-to-Four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Balance at beginning of period $ 1,812,448 $ 121,918 $ 245,098 $ 35,947 $ 10,804 $ 88,392 $ 2,314,607 Provision charged to income (32,492 ) 66,730 65,345 9,480 80,694 30,243 220,000 Loans charged off (168,359 ) (33,892 ) (18,307 ) - (60,055 ) (46,062 ) (326,675 ) Recoveries of loans previously charged off 94,615 12,415 - - 4,478 5,147 116,655 Balance at end of period $ 1,706,212 $ 167,171 $ 292,136 $ 45,427 $ 35,921 $ 77,720 $ 2,324,587 September 30, 2014 One-to-Four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Balance at beginning of period $ 2,277,325 $ 141,367 $ 388,215 $ 29,965 $ 1,698 $ 72,010 $ 2,910,580 Provision charged to income 248,120 110,015 212,300 7,083 33,583 83,899 695,000 Loans charged off (277,812 ) - (336,110 ) - (25,947 ) (59,224 ) (699,093 ) Recoveries of loans previously charged off 79,844 19,895 - - 2,900 5,895 108,534 Balance at end of period $ 2,327,477 $ 271,277 $ 264,405 $ 37,048 $ 12,234 $ 102,580 $ 3,015,021 The following table presents the recorded investment in loans and the related allowances allocated by portfolio segment and based on impairment method as of September 30, 2015 and December 31, 2014: September 30, 2015 One-to-four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Loans individually evaluated for impairment $ 2,206,835 $ - $ 2,111,669 $ - $ - $ 10,392 $ 4,328,896 Loans acquired with deteriorated credit quality 816,153 - - - - - 816,153 Loans collectively evaluated for impairment 95,732,289 3,984,287 17,975,358 11,279,688 1,428,380 6,036,248 136,436,250 Ending Balance $ 98,755,277 $ 3,984,287 $ 20,087,027 $ 11,279,688 $ 1,428,380 $ 6,046,640 $ 141,581,299 Period-end amount allocated to: Loans individually evaluated for impairment $ 131,483 $ - $ 107,086 $ - $ - $ - $ 238,569 Loans collectively evaluated for impairment 1,574,729 167,171 185,050 45,427 35,921 77,720 2,086,018 Balance at end of period $ 1,706,212 $ 167,171 $ 292,136 $ 45,427 $ 35,921 $ 77,720 $ 2,324,587 December 31, 2014 One-to-four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Loans individually evaluated for impairment $ 2,352,445 $ 257,399 $ 2,007,871 $ - $ - $ 10,971 $ 4,628,686 Loans acquired with deteriorated credit quality 1,292,549 - 31,098 - - - 1,323,647 Loans collectively evaluated for impairment 94,499,996 2,854,251 18,889,116 12,242,145 1,724,700 8,653,579 138,863,787 Ending Balance $ 98,144,990 $ 3,111,650 $ 20,928,085 $ 12,242,145 $ 1,724,700 $ 8,664,550 $ 144,816,120 Period-end amount allocated to: Loans individually evaluated for impairment $ 43,055 $ - $ - $ - $ - $ - $ 43,055 Loans collectively evaluated for impairment 1,769,393 121,918 245,098 35,947 10,804 88,392 2,271,552 Balance at end of period $ 1,812,448 $ 121,918 $ 245,098 $ 35,947 $ 10,804 $ 88,392 $ 2,314,607 The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. The following table presents loans individually evaluated for impairment, by class of loans, as of September 30, 2015 and December 31, 2014: September 30, 2015 Unpaid Contractua l Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Total Recorded Investment Related Allowance Average Recorded Investment One-to-four family $ 3,194,256 $ 2,326,376 $ 696,612 $ 3,022,988 $ 131,483 $ 3,767,407 Multi-family - - - - - - Non-residential 2,111,669 399,708 1,711,961 2,111,669 107,086 2,125,299 Commercial - - - - - 29,052 Consumer direct - - - - - 4,618 Purchased auto 10,392 10,392 - 10,392 - 5,773 $ 5,316,317 $ 2,736,476 $ 2,408,573 $ 5,145,049 $ 238,569 $ 5,932,149 December 31, 2014 Unpaid Contractual Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Total Recorded Investment Related Allowance Average Recorded Investment One-to-four family $ 6,321,593 $ 3,364,478 $ 280,516 $ 3,644,994 $ 43,055 $ 3,232,026 Multi-family 440,669 257,399 - 257,399 - 196,499 Non-residential 2,220,498 2,038,969 - 2,038,969 - 2,030,582 Commercial - - - - - - Consumer direct 3,851 - - - - - Purchased auto 10,971 10,971 - 10,971 - 4,179 $ 8,997,582 $ 5,671,817 $ 280,516 $ 5,952,333 $ 43,055 $ 5,463,286 For the three and nine months ended September 30, 2015 and 2014, the Company recognized no accrued or cash basis interest income on impaired loans. At September 30, 2015, there were 38 impaired loans totaling approximately $5.1 million, compared to 67 impaired loans totaling approximately $6.0 million at December 31, 2014. The change in impaired loans was a result of writing down and moving 23 impaired loans totaling approximately $1.0 million to OREO, the pay-off or charge-off of 20 impaired loans totaling approximately $0.6 million, returning four loans totaling approximately $0.6 million to accruing, and payments of approximately $0.1 million, offset by adding 16 loans totaling approximately $1.6 million to the impaired loan list and principal advances of approximately $0.2 million. The large decrease in the number of impaired loans (e.g. 38 at September 30, 2015, compared to 67 at December 31, 2015), includes 25 loans acquired with deteriorated credit quality that were sold as part of a bulk sale during the third quarter of 2015. In the bulk sale, the Company received approximately $0.7 million for 11 impaired loans and the properties transferred to OREO which were previously secured by 14 impaired loans. A gain of $82,000 was recognized on this bulk sale. Our loan portfolio also includes certain loans that have been modified in a troubled debt restructuring (“TDR”), where economic concessions have been granted to borrowers who have experienced financial difficulties. These concessions typically result from our loss mitigation activities and could include reductions in the interest rate, payment extensions, forbearance or other actions. TDRs are classified as nonperforming at the time of restructuring and typically are returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period of at least six months. When we modify loans in a TDR, we evaluate any possible impairment similar to other impaired loans based on the present value of expected future cash flows, discounted at the contractual interest rate of the original loan agreement, or use the current fair value of the collateral, less estimated selling costs, for collateral dependent loans. If we determine that the value of the modified loan is less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs and unamortized premium or discount), impairment is recognized through an allowance estimate or a charge-off to the allowance. In periods subsequent to modification, we evaluate all TDRs, including those that have payment defaults, for possible impairment and recognize impairment through the allowance. Impaired loans at September 30, 2015 included $2.8 million of loans whose terms have been modified in troubled debt restructurings, compared to $2.6 million at December 31, 2014. The amount of TDR loans included in impaired loans increased as a result of the re-default of two TDRs (originally restructured in 2010) totaling approximately $0.6 million and principal advances on two TDRs of approximately $0.2 million to pay real estate taxes, offset by writing down and moving seven TDRs totaling approximately $0.5 million to OREO, and payments of approximately $62,000. The remaining restructured loans are being monitored by management and remain on nonaccrual status as they have not, per accounting guidelines, performed in accordance with their restructured terms for the requisite period of time (generally at least six consecutive months) to be returned to accrual status. Loans classified as troubled debt restructurings during the three and nine months ended September 30, 2015 and 2014, segregated by class are shown in the tables below. Three Months Ended Three Months Ended September 30, 2015 September 30, 2014 Number of Modifications Recorded Investment Increase in Allowance Number of Modifications Recorded Investment Increase in Allowance (as of period end) (as of period end) One-to-four family - $ - $ - - $ - $ - Multi-family - - - 1 259,190 125,190 Non-residential - - - - - - Commercial - - - - - - Consumer direct - - - - - - Purchased auto - - - - - - - $ - $ - 1 $ 259,190 $ 125,190 Nine Months Ended Nine Months Ended September 30, 2015 September 30, 2014 Number of Modifications Recorded Investment Increase in Allowance Number of Modifications Recorded Investment Increase in Allowance (as of period end) (as of period end) One-to-four family - $ - $ - - $ - $ - Multi-family - - - 1 259,190 125,190 Non-residential - - - - - - Commercial - - - - - - Consumer direct - - - - - - Purchased auto - - - - - - - $ - $ - 1 $ 259,190 $ 125,190 There were no troubled debt restructured loans that were restructured during the twelve months prior to September 30, 2015 and 2014 that had payment defaults (i.e., 60 days or more past due following a modification), during the three months ended September 30, 2015 and 2014. The troubled debt restructured loans that were restructured during the twelve months prior to September 30, 2015 and 2014 that had payment defaults during the nine months ended September 30, 2015 and 2014, segregated by class are shown below. Nine Months Ended Nine Months Ended September 30, 2015 September 30, 2014 Number of Defaults Recorded Investment Number of Defaults Recorded Investment (as of period end) (as of period end) One-to-four family - $ - 1 $ 63,751 Multi-family - - - - Non-residential - - - - Commercial - - - - Consumer direct - - - - Purchased auto - - - - - $ - 1 $ 63,751 All TDRs are evaluated for possible impairment and any impairment identified is recognized through the allowance. Additionally, the qualitative factors are updated quarterly for trends in economic and nonperforming factors, including collateral securing TDRs. The following table presents the recorded investment in nonaccrual loans and loans past due over 90 days still on accrual status, by class of loans, as September 30, 2015 and December 31, 2014: September 30, 2015 Nonaccrual Loans Past Due Over 90 Days Still Accruing One-to-four family $ 3,112,883 $ - Multi-family - - Non-residential 2,111,669 - Commercial - - Consumer direct - - Purchased auto 10,392 - $ 5,234,944 $ - December 31, 2014 Nonaccrual Loans Past Due Over 90 Days Still Accruing One-to-four family $ 3,732,833 $ - Multi-family 257,399 - Non-residential 2,038,969 - Commercial - - Consumer direct - - Purchased auto 10,971 - $ 6,040,172 $ - The following table presents the aging of the recorded investment in loans, by class of loans, as of September 30, 2015 and December 31, 2014: September 30, 2015 Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans One-to-four family $ 1,919,366 $ 1,263,571 $ 748,961 $ 3,931,898 $ 94,823,379 $ 98,755,277 Multi-family - - - - 3,984,287 3,984,287 Non-residential 568,205 113,512 18,127 699,844 19,387,183 20,087,027 Commercial 9,978 - - 9,978 11,269,710 11,279,688 Consumer direct 6,131 4,128 - 10,259 1,418,121 1,428,380 Purchased auto 3,069 - 10,392 13,461 6,033,179 6,046,640 $ 2,506,749 $ 1,381,211 $ 777,480 $ 4,665,440 $ 136,915,859 $ 141,581,299 December 31, 2014 Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans One-to-four family $ 2,622,762 $ 309,909 $ 1,741,415 $ 4,674,086 $ 93,470,904 $ 98,144,990 Multi-family 150,418 - 257,399 407,817 2,703,833 3,111,650 Non-residential 526,713 419,697 114,573 1,060,983 19,867,102 20,928,085 Commercial 96,525 - - 96,525 12,145,620 12,242,145 Consumer direct 9,172 - - 9,172 1,715,528 1,724,700 Purchased auto - - 10,971 10,971 8,653,579 8,664,550 $ 3,405,590 $ 729,606 $ 2,124,358 $ 6,259,554 $ 138,556,566 $ 144,816,120 Credit Quality Indicators: The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. For commercial and non-residential real estate loans, the Company’s credit quality indicator is internally assigned risk ratings. Each commercial and non-residential real estate loan is assigned a risk rating upon origination. The risk rating is reviewed annually, at a minimum, and on an as needed basis depending on the specific circumstances of the loan. For residential real estate loans, multi-family, consumer direct and purchased auto loans, the Company’s credit quality indicator is performance determined by delinquency status. Delinquency status is updated regularly by the Company’s loan system for real estate loans, multi-family and consumer direct loans. The Company receives monthly reports on the delinquency status of the purchased auto loan portfolio from the servicing company. The Company uses the following definitions for risk ratings: ● Pass – loans classified as pass are of a higher quality and do not fit any of the other “rated” categories below (e.g., special mention, substandard or doubtful). The likelihood of loss is considered remote. ● Special Mention – loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. ● Substandard – loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. ● Doubtful – loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. ● Not Rated – loans in this bucket are not evaluated on an individual basis. As of September 30, 2015 and December 31, 2014, the risk category of loans by class is as follows: September 30, 2015 Pass Special Mention Substandard Doubtful Not rated One-to-four family $ - $ 1,395,046 $ 3,022,988 $ - $ 94,337,243 Multi-family - - - - 3,984,287 Non-residential 17,948,986 26,372 2,111,669 - - Commercial 10,743,759 535,929 - - - Consumer direct - - - - 1,428,380 Purchased auto - - 10,392 - 6,036,248 Total $ 28,692,745 $ 1,957,347 $ 5,145,049 $ - $ 105,786,158 December 31, 2014 Pass Special Mention Substandard Doubtful Not rated One-to-four family $ - $ 1,486,881 $ 3,644,994 $ - $ 93,013,115 Multi-family - - 257,399 - 2,854,251 Non-residential 18,889,116 - 2,038,969 - - Commercial 11,646,385 595,760 - - - Consumer direct - - - - 1,724,700 Purchased auto - - 10,971 - 8,653,579 Total $ 30,535,501 $ 2,082,641 $ 5,952,333 $ - $ 106,245,645 At September 30, 2015, the Company held approximately $146,000 of foreclosed residential real estate property. In addition, the Company also held approximately $531,000 in consumer mortgage loans collateralized by residential real estate properties that are in the process of foreclosure.

Note 9 - Stock Compensation

Note 9 - Stock Compensation	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block Supplement [Abstract]
Shareholders' Equity and Share-based Payments [Text Block]	NOTE 9 – STOCK COMPENSATION Total stock-based compensation expense was approximately $14,000 for both the nine month periods ended September 30, 2015 and 2014, respectively. In accordance with FASB ASC 718, Compensation-Stock Compensation,

Note 10 - Recent Accounting Dev

Note 10 - Recent Accounting Developments	9 Months Ended
	Sep. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 10 – RECENT ACCOUNTING DEVELOPMENTS In January 2014, the FASB issued ASU No. 2014-04, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. In August 2014, the FASB issued ASU No. 2014-14, Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure.

Note 11 - Fair Value Measuremen

Note 11 - Fair Value Measurement and Disclosure	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Fair Value, Measurement Inputs, Disclosure [Text Block]	NOTE 11 – FAIR VALUE MEASUREMENT AND DISCLOSURE FASB ASC Topic 820, Fair Value Measurements and Disclosures, clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants and is not adjusted for transaction costs. This guidance also establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement inputs) and the lowest priority to unobservable inputs (Level 3 measurement inputs). The three levels of the fair value hierarchy under FASB ASC 820 are described below: Basis of Fair Value Measurement: • Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets. • Level 2 - Significant other observable inputs other than Level 1 prices such as quoted prices in markets that are not active, quoted prices for similar assets, or other inputs that are observable, either directly or indirectly, for substantially the full term of the asset. • Level 3 - Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity). Following is a description of valuation methodologies used for assets and liabilities recorded at fair value: Securities Available for Sale Securities classified as available for sale are recorded at fair value on a recurring basis using pricing obtained from an independent pricing service. Where quoted market prices are available in an active market, securities are classified within Level 1. The Company has no securities classified within Level 1. If quoted market prices are not available, the pricing service estimates the fair values by using pricing models or quoted prices of securities with similar characteristics. For these securities, the inputs used by the pricing service to determine fair value consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and bonds’ terms and conditions, among other things resulting in classification within Level 2. Level 2 securities include state and municipal securities, and residential mortgage-backed securities. In cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3. The Company has no securities classified within Level 3. Foreclosed Assets Foreclosed assets consisting of foreclosed real estate and repossessed assets, are adjusted to fair value less estimated costs to sell upon transfer of the loans to foreclosed assets. Subsequently, foreclosed assets are carried at the lower of cost or fair value. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the foreclosed asset as non-recurring Level 2. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company records the foreclosed asset as non-recurring Level 3. Impaired Loans Impaired loans are evaluated and adjusted to the lower of carrying value or fair value less estimated costs to sell at the time the loan is identified as impaired. Impaired loans are carried at the lower of cost or fair value. Fair value is measured based on the value of the collateral securing these loans. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the impaired loan as non-recurring Level 2. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company records the impaired loan as non-recurring Level 3. The Company did not have any transfers of assets or liabilities between Levels 1 and 2 of the fair value hierarchy during the nine months ended September 30, 2015 and the year ended December 31, 2014. The Company’s policy for determining transfers between levels occurs at the end of the reporting period when circumstances in the underlying valuation criteria change and result in transfers between levels. The tables below present the recorded amount of assets measured at fair value on a recurring basis at September 30, 2015 and December 31, 2014. Total September 30, 2015 Level 1 Level 2 Level 3 Fair Value State and municipal securities available for sale $ - $ 19,291,905 $ - $ 19,291,905 Residential mortgage-backed securities available for sale - 31,348,802 - 31,348,802 $ - $ 50,640,707 $ - $ 50,640,707 Total December 31, 2014 Level 1 Level 2 Level 3 Fair Value State and municipal securities available for sale $ - $ 20,225,192 $ - $ 20,225,192 Residential mortgage-backed securities available for sale - 32,546,916 - 32,546,916 $ - $ 52,772,108 $ - $ 52,772,108 The tables below present the recorded amount of assets measured at fair value on a non-recurring basis at September 30, 2015 and December 31, 2014. Total September 30, 2015 Level 1 Level 2 Level 3 Fair Value Foreclosed assets $ - $ - $ 175,499 $ 175,499 Impaired loans, net - - 2,170,004 2,170,004 Total December 31, 2014 Level 1 Level 2 Level 3 Fair Value Foreclosed assets $ - $ - $ 295,650 $ 295,650 Impaired loans, net - - 1,561,108 1,561,108 In accordance with accounting pronouncements, the carrying value and estimated fair value of the Company’s financial instruments as of September 30, 2015 and December 31, 2014 are as follows: Fair Value Measurements at Carrying September 30, 2015 using: Amount Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 4,403,924 $ 4,403,924 $ - $ - $ 4,403,924 Time deposits 649,000 649,000 - - 649,000 Federal funds sold 5,668,000 5,668,000 - - 5,668,000 Securities 51,998,828 - 50,640,707 1,358,121 51,998,828 Net loans 139,256,712 - - 141,583,000 141,583,000 Loans held for sale 102,000 - 102,000 - 102,000 Accrued interest receivable 824,066 824,066 - - 824,066 Mortgage servicing rights 279,220 - - 279,220 279,220 Financial Liabilities: Non-interest bearing deposits 9,913,540 9,913,540 - - 9,913,540 Interest bearing deposits 171,847,271 - - 168,358,460 168,358,460 Accrued interest payable 2,794 2,794 - - 2,794 FHLB Advances 2,672,003 - 2,672,003 - 2,672,003 Fair Value Measurements at Carrying December 31, 2014 using: Amount Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 5,193,235 $ 5,193,235 $ - $ - $ 5,193,235 Time deposits 854,861 854,861 - - 854,861 Federal funds sold 1,662,000 1,662,000 - - 1,662,000 Securities 54,552,782 - 52,772,108 1,780,674 54,552,782 Net loans 142,501,513 - - 144,682,000 144,682,000 Accrued interest receivable 881,612 881,612 - - 881,612 Mortgage servicing rights 271,819 - - 271,819 271,819 Financial Liabilities: Non-interest bearing deposits 8,198,356 8,198,356 - - 8,198,356 Interest bearing deposits 174,034,663 - - 172,789,644 172,789,644 Accrued interest payable 369 369 - - 369 FHLB Advances 5,483,036 - 5,483,036 - 5,483,036 The following methods and assumptions were used by the Bank in estimating the fair value of financial instruments: Cash and Cash Equivalents: Time deposits : Federal Funds Sold: Securities: Loans: Loans held for sale : Accrued Interest Receivable and Payable: Mortgage Servicing Rights: Deposits: FHLB Advances: Loan Commitments: In addition, other assets and liabilities of the Bank that are not defined as financial instruments, such as property and equipment are not included in the above disclosures. Also, non-financial instruments typically not recognized in financial statements nevertheless may have value but are not included in the above disclosures. These include, among other items, the estimated earnings power of core deposit accounts, the trained work force, customer goodwill and similar items.

Note 12 - Acquisition

Note 12 - Acquisition	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	NOTE 1 2 – ACQUISITION On December 31, 2014, the Company completed its previously announced the merger of Twin Oaks into the Bank pursuant to the terms and conditions of the Agreement and Plan of Merger, dated as of June 30, 2014. As part of the transaction, the Company issued 776,144 shares of its common stock to the Ottawa Savings Bancorp, MHC, based on a $9.18 per share stock valuation of the Company’s stock, as determined by an independent appraisal based primarily on the price to book value valuation method and to a lesser extent the price to earnings valuation method, and a market value of $7.125 million determined by an independent appraiser of Twin Oaks. As a result of the issuance of 776,144 shares in connection with the merger, the Ottawa Savings Bancorp, MHC’s ownership interest in the Company increased from 57.8% to 69.1%. The Merger was accounted for using the acquisition method of accounting, and accordingly, the assets acquired and liabilities assumed were recognized at fair value on the date the transaction was completed. Under this method of accounting, the Bank and Twin Oaks are treated as one company from the acquisition date forward, and we have recorded the fair value of Twin Oaks’ assets (including intangible assets which arise from either contractual or other legal rights) and liabilities in our consolidated financial statements. Since the merger was completed at the close of business on December 31, 2014, there was no effect on the consolidated statement of operations for the year ending December 31, 2014. Beginning January 1, 2015, operations of Twin Oaks are included in the Consolidated Statements of Operations. The following table summarizes the fair value of the acquired assets and liabilities as of December 31, 2014: 2014 Assets Total cash and cash equivalents $ 2,031,791 Time deposits 854,861 Federal funds sold 440,000 Securities available for sale 23,856,673 Non-marketable equity securities 547,138 Loans 29,795,910 Premises and equipment, net 759,064 Accrued interest receivable 243,972 Deferred tax assets 869,186 Income tax refunds receivable 48,000 Goodwill 649,869 Core deposit intangible 567,000 Other assets 236,745 Total assets acquired $ 60,900,209 Liabilities Deposits $ 49,610,398 Accrued interest payable 51 FHLB Advances 3,483,036 Other liabilities 681,724 Total liabilities assumed $ 53,775,209 $ 7,125,000 Total acquisition related costs included in other noninterest expenses in the consolidated statement of operations for the nine-month periods ended September 30, 2015 and 2014 were approximately $850,000 and $256,000, respectively. For 2015, the acquisition related costs are related to the merge of the core processing systems and include a one-time early termination fee paid to Twin Oak’s former processor of $485,000. In 2014, the costs were primarily legal expenses. Based on the acquisition date fair values of the assets acquired and the fair values of the assumed liabilities, the Company recorded goodwill of $649,869, none of which is expected to be tax deductible. The goodwill resulting from the acquisition primarily consists of the economies of scale expected from combining operations. Total loans acquired in the acquisition were recorded at a fair value of $29,795,910 and had a contractual amount due of $31,831,910 as of the acquisition date which was December 31, 2014. FASB ASC 310-20, Nonrefundable Fees and Other Costs, Loans acquired with deteriorated credit quality and accounted for under FASB ASC Topic 310-30 as of the acquisition date had a contractual balance due of approximately $3,194,000 and an estimated fair value of approximately $1,324,000. The estimate of the contractual cash flows not expected to be collected due to credit quality was approximately $1,870,000 which consists of an accretable discount of $(362,000) and a non-accretable discount of $(1,508,000). The following table reflects activity for the loans acquired with deteriorated credit quality for the nine months ended September 30, 2015: Balance, beginning of year $ 1,323,647 Payment activity (309,967 ) Charge-offs (19,810 ) Recoveries - Transfer to OREO (266,225 ) Accretion to income 88,508 $ 816,153 The contractual amount outstanding for the loans acquired with deteriorated credit quality totaled $1,500,000 and $3,194,000 as of September 30, 2015 and December 31, 2014, respectively. The following table reflects activity in the accretable yield for the loans acquired with deteriorated credit quality for the nine months ended September 30, 2015: Balance, beginning of year $ 362,000 Reclassification to non-accretable difference (63,260 ) Reclassification from non-accretable difference 67,446 Accretion into interest income (88,508 ) Disposals (64,521 ) $ 213,157 Supplemental Pro Forma Results: The following table includes pro forma unaudited results for the three and nine month periods ended September 30, 2014, as if the acquisition had occurred as of January 1, 2014. The pro forma information is provided for illustrative purposes only and is not indicative of the results of operations or financial condition that would have been achieved if the acquisition would have taken place at the beginning of the periods presented and should not be taken as indicative of the Company’s future consolidated results of operations or financial condition. Three Months Nine Months Ended September 30, 2014 (unauaudited) (Dollar amounts in thousands) Net interest income after provision for loan losses $ 1,384 $ 4,073 Total other non-interest income 300 665 Total revenue 2,528 7,328 Net income $ 69 $ 197 Net pro forma adjustments of $8,000 and $25,000, respectively were added to net income for the three and nine months ended September 30, 2014 to reflect the net effect of purchase accounting adjustments amortized over the appropriate time frames.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for Loan Losses that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. All loans identified as impaired are evaluated independently. We do not aggregate such loans for evaluation purposes. Loan impairment is measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or, as a practical expedient, at the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Should full collection of principal be expected, cash collected on nonaccrual loans can be recognized as interest income. General loan loss allowances consists of quantitative and qualitative factors and covers non-impaired loans. The quantitative factors are based on historical loss experience adjusted for qualitative factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company using the most recent twelve quarters with heavier weighting given to the most recent quarters. The weighting applies 40% to each of the most recent four quarters and 30% to each of the next eight quarters. The allowance is increased through provisions charged against current earnings, and offset by recoveries of previously charged-off loans. Loans which are determined to be uncollectible are charged against the allowance. Management uses available information to recognize probable and reasonably estimable loan losses, but future loss provisions may be necessary based on changing economic conditions. T he allowance for loan losses as of September 30, 2015 is maintained at a level that represents management’s best estimate of losses inherent in the loan portfolio, and such losses were both probable and reasonably estimable. In addition, the Office of the Comptroller of the Currency, as an integral part of its examination process, periodically reviews our allowance for loan losses.

Note 5 - Earnings Per Share (Ta

Note 5 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Net income available to common stockholders $ 456,982 $ 236,220 $ 523,669 $ 668,038 Basic potential common shares: Weighted average shares outstanding 2,894,123 2,117,979 2,894,123 2,117,979 Weighted average unallocated ESOP shares (22,461 ) (27,549 ) (23,720 ) (28,808 ) Weighted average unvested MRP shares (2,795 ) (4,539 ) (2,795 ) (4,539 ) Basic weighted average shares outstanding 2,868,867 2,085,891 2,867,608 2,084,632 Dilutive potential common shares: Weighted average unrecognized compensation on MRP shares 2,409 5,637 2,373 5,643 Weighted average RRP options outstanding * 9,413 1,203 11,112 - Dilutive weighted average shares outstanding 2,880,689 2,092,731 2,881,093 2,090,275 Basic earnings per share $ 0.16 $ 0.11 $ 0.18 $ 0.32 Diluted earnings per share $ 0.16 $ 0.11 $ 0.18 $ 0.32

Note 6 - Employee Stock Owner21

Note 6 - Employee Stock Ownership Plan (Tables)	9 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]	September 30, December 31, 2015 2014 Shares allocated 54,692 50,876 Shares withdrawn from the plan (8,403 ) (8,403 ) Unallocated shares 21,622 25,438 Total ESOP shares 67,911 67,911 Fair value of unallocated shares $ 216,220 $ 254,380

Note 7 - Investment Securities

Note 7 - Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Summary of Investment Holdings, Schedule of Investments [Table Text Block]	Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value September 30, 2015: Available for Sale State and municipal securities $ 19,000,794 $ 354,476 $ 63,365 $ 19,291,905 Residential mortgage-backed securities 30,996,564 456,851 104,613 31,348,802 $ 49,997,358 $ 811,327 $ 167,978 $ 50,640,707 December 31, 2014: Available for Sale State and municipal securities $ 19,997,846 $ 261,791 $ 34,445 $ 20,225,192 Residential mortgage-backed securities 32,239,374 357,715 50,173 32,546,916 $ 52,237,220 $ 619,506 $ 84,618 $ 52,772,108
Investments Classified by Contractual Maturity Date [Table Text Block]	Securities Available for Sale Amortized Fair Cost Value Due in three months or less $ 240,759 $ 241,020 Due after three months through one year 497,765 505,210 Due after one year through five years 538,967 557,821 Due after five years through ten years 6,807,390 6,944,870 Due after ten years 10,915,914 11,042,984 Residential mortgage-backed securities 30,996,564 31,348,802 $ 49,997,359 $ 50,640,707
Schedule of Unrealized Loss on Investments [Table Text Block]	Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses September 30, 2015 Securities Available for Sale State and municipal securities $ 2,883,129 $ 21,144 $ 690,005 $ 42,221 $ 3,573,134 $ 63,365 Residential mortgage-backed securities 7,595,398 70,265 2,497,265 34,348 10,092,663 104,613 $ 10,478,527 $ 91,409 $ 3,187,270 $ 76,569 $ 13,665,797 $ 167,978 December 31, 2014 Securities Available for Sale State and municipal securities $ 408,165 $ 93 $ 701,492 $ 34,352 $ 1,109,657 $ 34,445 Residential mortgage-backed securities 2,449,087 21,546 3,468,577 28,627 5,917,664 50,173 $ 2,857,252 $ 21,639 $ 4,170,069 $ 62,979 $ 7,027,321 $ 84,618

Note 8 - Loans and Allowance 23

Note 8 - Loans and Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 30, December 31, 2015 2014 Mortgage loans: One-to-four family residential loans $ 98,755,277 $ 98,144,990 Multi-family residential loans 3,984,287 3,111,650 Total mortgage loans 102,739,564 101,256,640 Other loans: Non-residential real estate loans 20,087,027 20,928,085 Commercial loans 11,279,688 12,242,145 Consumer direct 1,428,380 1,724,700 Purchased auto 6,046,640 8,664,550 Total other loans 38,841,735 43,559,480 Gross loans 141,581,299 144,816,120 Less: Allowance for loan losses (2,324,587 ) (2,314,607 ) Loans, net $ 139,256,712 $ 142,501,513
Schedule of Loans Acquired in Merger [Table Text Block]	September 30, December 31, 2015 2014 Mortgage loans: One-to-four family residential loans $ 21,473,139 $ 23,667,808 Multi-family residential loans 295,822 529,147 Total mortgage loans 21,768,961 24,196,955 Other loans: Non-residential real estate loans 2,730,212 3,141,438 Commercial loans 940,662 1,450,602 Consumer direct 602,317 1,006,915 Purchased auto - - Total other loans 4,273,191 5,598,955 Gross loans 26,042,152 29,795,910 Less: Allowance for loan losses (50,000 ) - Loans, net $ 25,992,152 $ 29,795,910
Schedule of Loans Purchased [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Purchased auto loans $ - $ 2,509,980 $ - $ 4,038,146
Schedule of Credit Losses for Financing Receivables, Current [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 One-to-four family $ (157,703 ) $ 39,872 $ (73,744 ) $ (197,968 ) Multi-family 4,472 11,547 (21,477 ) 19,895 Non-residential (18,307 ) (181,863 ) (18,307 ) (336,110 ) Commercial - - - - Consumer direct (11,906 ) (24,600 ) (55,577 ) (23,047 ) Purchased auto (20,185 ) (26,142 ) (40,915 ) (53,329 ) Net (charge-offs)/recoveries $ (203,629 ) $ (181,186 ) $ (210,020 ) $ (590,559 )
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]	September 30, 2015 One-to-Four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Balance at beginning of period $ 1,986,275 $ 143,970 $ 243,010 $ 32,650 $ 29,199 $ 93,112 $ 2,528,216 Provision charged to income (122,360 ) 18,729 67,433 12,777 18,628 4,793 - Loans charged off (158,302 ) - (18,307 ) - (13,647 ) (21,772 ) (212,028 ) Recoveries of loans previously charged off 599 4,472 - - 1,741 1,587 8,399 Balance at end of period $ 1,706,212 $ 167,171 $ 292,136 $ 45,427 $ 35,921 $ 77,720 $ 2,324,587 September 30, 2014 One-to-Four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Balance at beginning of period $ 2,472,553 $ 211,585 $ 180,350 $ 34,334 $ - $ 72,385 $ 2,971,207 Provision charged to income (184,948 ) 48,145 265,918 2,714 36,834 56,337 225,000 Loans charged off (26,809 ) - (181,863 ) - (25,000 ) (28,021 ) (261,693 ) Recoveries of loans previously charged off 66,681 11,547 - - 400 1,879 80,507 Balance at end of period $ 2,327,477 $ 271,277 $ 264,405 $ 37,048 $ 12,234 $ 102,580 $ 3,015,021 September 30, 2015 One-to-Four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Balance at beginning of period $ 1,812,448 $ 121,918 $ 245,098 $ 35,947 $ 10,804 $ 88,392 $ 2,314,607 Provision charged to income (32,492 ) 66,730 65,345 9,480 80,694 30,243 220,000 Loans charged off (168,359 ) (33,892 ) (18,307 ) - (60,055 ) (46,062 ) (326,675 ) Recoveries of loans previously charged off 94,615 12,415 - - 4,478 5,147 116,655 Balance at end of period $ 1,706,212 $ 167,171 $ 292,136 $ 45,427 $ 35,921 $ 77,720 $ 2,324,587 September 30, 2014 One-to-Four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Balance at beginning of period $ 2,277,325 $ 141,367 $ 388,215 $ 29,965 $ 1,698 $ 72,010 $ 2,910,580 Provision charged to income 248,120 110,015 212,300 7,083 33,583 83,899 695,000 Loans charged off (277,812 ) - (336,110 ) - (25,947 ) (59,224 ) (699,093 ) Recoveries of loans previously charged off 79,844 19,895 - - 2,900 5,895 108,534 Balance at end of period $ 2,327,477 $ 271,277 $ 264,405 $ 37,048 $ 12,234 $ 102,580 $ 3,015,021 September 30, 2015 One-to-four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Loans individually evaluated for impairment $ 2,206,835 $ - $ 2,111,669 $ - $ - $ 10,392 $ 4,328,896 Loans acquired with deteriorated credit quality 816,153 - - - - - 816,153 Loans collectively evaluated for impairment 95,732,289 3,984,287 17,975,358 11,279,688 1,428,380 6,036,248 136,436,250 Ending Balance $ 98,755,277 $ 3,984,287 $ 20,087,027 $ 11,279,688 $ 1,428,380 $ 6,046,640 $ 141,581,299 Period-end amount allocated to: Loans individually evaluated for impairment $ 131,483 $ - $ 107,086 $ - $ - $ - $ 238,569 Loans collectively evaluated for impairment 1,574,729 167,171 185,050 45,427 35,921 77,720 2,086,018 Balance at end of period $ 1,706,212 $ 167,171 $ 292,136 $ 45,427 $ 35,921 $ 77,720 $ 2,324,587 December 31, 2014 One-to-four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Loans individually evaluated for impairment $ 2,352,445 $ 257,399 $ 2,007,871 $ - $ - $ 10,971 $ 4,628,686 Loans acquired with deteriorated credit quality 1,292,549 - 31,098 - - - 1,323,647 Loans collectively evaluated for impairment 94,499,996 2,854,251 18,889,116 12,242,145 1,724,700 8,653,579 138,863,787 Ending Balance $ 98,144,990 $ 3,111,650 $ 20,928,085 $ 12,242,145 $ 1,724,700 $ 8,664,550 $ 144,816,120 Period-end amount allocated to: Loans individually evaluated for impairment $ 43,055 $ - $ - $ - $ - $ - $ 43,055 Loans collectively evaluated for impairment 1,769,393 121,918 245,098 35,947 10,804 88,392 2,271,552 Balance at end of period $ 1,812,448 $ 121,918 $ 245,098 $ 35,947 $ 10,804 $ 88,392 $ 2,314,607
Impaired Financing Receivables [Table Text Block]	September 30, 2015 Unpaid Contractua l Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Total Recorded Investment Related Allowance Average Recorded Investment One-to-four family $ 3,194,256 $ 2,326,376 $ 696,612 $ 3,022,988 $ 131,483 $ 3,767,407 Multi-family - - - - - - Non-residential 2,111,669 399,708 1,711,961 2,111,669 107,086 2,125,299 Commercial - - - - - 29,052 Consumer direct - - - - - 4,618 Purchased auto 10,392 10,392 - 10,392 - 5,773 $ 5,316,317 $ 2,736,476 $ 2,408,573 $ 5,145,049 $ 238,569 $ 5,932,149 December 31, 2014 Unpaid Contractual Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Total Recorded Investment Related Allowance Average Recorded Investment One-to-four family $ 6,321,593 $ 3,364,478 $ 280,516 $ 3,644,994 $ 43,055 $ 3,232,026 Multi-family 440,669 257,399 - 257,399 - 196,499 Non-residential 2,220,498 2,038,969 - 2,038,969 - 2,030,582 Commercial - - - - - - Consumer direct 3,851 - - - - - Purchased auto 10,971 10,971 - 10,971 - 4,179 $ 8,997,582 $ 5,671,817 $ 280,516 $ 5,952,333 $ 43,055 $ 5,463,286
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	Three Months Ended Three Months Ended September 30, 2015 September 30, 2014 Number of Modifications Recorded Investment Increase in Allowance Number of Modifications Recorded Investment Increase in Allowance (as of period end) (as of period end) One-to-four family - $ - $ - - $ - $ - Multi-family - - - 1 259,190 125,190 Non-residential - - - - - - Commercial - - - - - - Consumer direct - - - - - - Purchased auto - - - - - - - $ - $ - 1 $ 259,190 $ 125,190 Nine Months Ended Nine Months Ended September 30, 2015 September 30, 2014 Number of Modifications Recorded Investment Increase in Allowance Number of Modifications Recorded Investment Increase in Allowance (as of period end) (as of period end) One-to-four family - $ - $ - - $ - $ - Multi-family - - - 1 259,190 125,190 Non-residential - - - - - - Commercial - - - - - - Consumer direct - - - - - - Purchased auto - - - - - - - $ - $ - 1 $ 259,190 $ 125,190 Nine Months Ended Nine Months Ended September 30, 2015 September 30, 2014 Number of Defaults Recorded Investment Number of Defaults Recorded Investment (as of period end) (as of period end) One-to-four family - $ - 1 $ 63,751 Multi-family - - - - Non-residential - - - - Commercial - - - - Consumer direct - - - - Purchased auto - - - - - $ - 1 $ 63,751
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	September 30, 2015 Nonaccrual Loans Past Due Over 90 Days Still Accruing One-to-four family $ 3,112,883 $ - Multi-family - - Non-residential 2,111,669 - Commercial - - Consumer direct - - Purchased auto 10,392 - $ 5,234,944 $ - December 31, 2014 Nonaccrual Loans Past Due Over 90 Days Still Accruing One-to-four family $ 3,732,833 $ - Multi-family 257,399 - Non-residential 2,038,969 - Commercial - - Consumer direct - - Purchased auto 10,971 - $ 6,040,172 $ -
Past Due Financing Receivables [Table Text Block]	September 30, 2015 Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans One-to-four family $ 1,919,366 $ 1,263,571 $ 748,961 $ 3,931,898 $ 94,823,379 $ 98,755,277 Multi-family - - - - 3,984,287 3,984,287 Non-residential 568,205 113,512 18,127 699,844 19,387,183 20,087,027 Commercial 9,978 - - 9,978 11,269,710 11,279,688 Consumer direct 6,131 4,128 - 10,259 1,418,121 1,428,380 Purchased auto 3,069 - 10,392 13,461 6,033,179 6,046,640 $ 2,506,749 $ 1,381,211 $ 777,480 $ 4,665,440 $ 136,915,859 $ 141,581,299 December 31, 2014 Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans One-to-four family $ 2,622,762 $ 309,909 $ 1,741,415 $ 4,674,086 $ 93,470,904 $ 98,144,990 Multi-family 150,418 - 257,399 407,817 2,703,833 3,111,650 Non-residential 526,713 419,697 114,573 1,060,983 19,867,102 20,928,085 Commercial 96,525 - - 96,525 12,145,620 12,242,145 Consumer direct 9,172 - - 9,172 1,715,528 1,724,700 Purchased auto - - 10,971 10,971 8,653,579 8,664,550 $ 3,405,590 $ 729,606 $ 2,124,358 $ 6,259,554 $ 138,556,566 $ 144,816,120
Financing Receivable Credit Quality Indicators [Table Text Block]	September 30, 2015 Pass Special Mention Substandard Doubtful Not rated One-to-four family $ - $ 1,395,046 $ 3,022,988 $ - $ 94,337,243 Multi-family - - - - 3,984,287 Non-residential 17,948,986 26,372 2,111,669 - - Commercial 10,743,759 535,929 - - - Consumer direct - - - - 1,428,380 Purchased auto - - 10,392 - 6,036,248 Total $ 28,692,745 $ 1,957,347 $ 5,145,049 $ - $ 105,786,158 December 31, 2014 Pass Special Mention Substandard Doubtful Not rated One-to-four family $ - $ 1,486,881 $ 3,644,994 $ - $ 93,013,115 Multi-family - - 257,399 - 2,854,251 Non-residential 18,889,116 - 2,038,969 - - Commercial 11,646,385 595,760 - - - Consumer direct - - - - 1,724,700 Purchased auto - - 10,971 - 8,653,579 Total $ 30,535,501 $ 2,082,641 $ 5,952,333 $ - $ 106,245,645

Note 11 - Fair Value Measurem24

Note 11 - Fair Value Measurement and Disclosure (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Total September 30, 2015 Level 1 Level 2 Level 3 Fair Value State and municipal securities available for sale $ - $ 19,291,905 $ - $ 19,291,905 Residential mortgage-backed securities available for sale - 31,348,802 - 31,348,802 $ - $ 50,640,707 $ - $ 50,640,707 Total December 31, 2014 Level 1 Level 2 Level 3 Fair Value State and municipal securities available for sale $ - $ 20,225,192 $ - $ 20,225,192 Residential mortgage-backed securities available for sale - 32,546,916 - 32,546,916 $ - $ 52,772,108 $ - $ 52,772,108
Fair Value Measurements, Nonrecurring [Table Text Block]	Total September 30, 2015 Level 1 Level 2 Level 3 Fair Value Foreclosed assets $ - $ - $ 175,499 $ 175,499 Impaired loans, net - - 2,170,004 2,170,004 Total December 31, 2014 Level 1 Level 2 Level 3 Fair Value Foreclosed assets $ - $ - $ 295,650 $ 295,650 Impaired loans, net - - 1,561,108 1,561,108
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements at Carrying September 30, 2015 using: Amount Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 4,403,924 $ 4,403,924 $ - $ - $ 4,403,924 Time deposits 649,000 649,000 - - 649,000 Federal funds sold 5,668,000 5,668,000 - - 5,668,000 Securities 51,998,828 - 50,640,707 1,358,121 51,998,828 Net loans 139,256,712 - - 141,583,000 141,583,000 Loans held for sale 102,000 - 102,000 - 102,000 Accrued interest receivable 824,066 824,066 - - 824,066 Mortgage servicing rights 279,220 - - 279,220 279,220 Financial Liabilities: Non-interest bearing deposits 9,913,540 9,913,540 - - 9,913,540 Interest bearing deposits 171,847,271 - - 168,358,460 168,358,460 Accrued interest payable 2,794 2,794 - - 2,794 FHLB Advances 2,672,003 - 2,672,003 - 2,672,003 Fair Value Measurements at Carrying December 31, 2014 using: Amount Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 5,193,235 $ 5,193,235 $ - $ - $ 5,193,235 Time deposits 854,861 854,861 - - 854,861 Federal funds sold 1,662,000 1,662,000 - - 1,662,000 Securities 54,552,782 - 52,772,108 1,780,674 54,552,782 Net loans 142,501,513 - - 144,682,000 144,682,000 Accrued interest receivable 881,612 881,612 - - 881,612 Mortgage servicing rights 271,819 - - 271,819 271,819 Financial Liabilities: Non-interest bearing deposits 8,198,356 8,198,356 - - 8,198,356 Interest bearing deposits 174,034,663 - - 172,789,644 172,789,644 Accrued interest payable 369 369 - - 369 FHLB Advances 5,483,036 - 5,483,036 - 5,483,036

Note 12 - Acquisition (Tables)

Note 12 - Acquisition (Tables)	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	2014 Assets Total cash and cash equivalents $ 2,031,791 Time deposits 854,861 Federal funds sold 440,000 Securities available for sale 23,856,673 Non-marketable equity securities 547,138 Loans 29,795,910 Premises and equipment, net 759,064 Accrued interest receivable 243,972 Deferred tax assets 869,186 Income tax refunds receivable 48,000 Goodwill 649,869 Core deposit intangible 567,000 Other assets 236,745 Total assets acquired $ 60,900,209 Liabilities Deposits $ 49,610,398 Accrued interest payable 51 FHLB Advances 3,483,036 Other liabilities 681,724 Total liabilities assumed $ 53,775,209 $ 7,125,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block]	Balance, beginning of year $ 1,323,647 Payment activity (309,967 ) Charge-offs (19,810 ) Recoveries - Transfer to OREO (266,225 ) Accretion to income 88,508 $ 816,153
Certain Loans Acquired in Transfer, Accretable Yield [Table Text Block]	Balance, beginning of year $ 362,000 Reclassification to non-accretable difference (63,260 ) Reclassification from non-accretable difference 67,446 Accretion into interest income (88,508 ) Disposals (64,521 ) $ 213,157
Business Acquisition, Pro Forma Information [Table Text Block]	Three Months Nine Months Ended September 30, 2014 (unauaudited) (Dollar amounts in thousands) Net interest income after provision for loan losses $ 1,384 $ 4,073 Total other non-interest income 300 665 Total revenue 2,528 7,328 Net income $ 69 $ 197

Note 1 - Nature of Business (De

Note 1 - Nature of Business (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2005	Sep. 30, 2015	Dec. 30, 2014
Note 1 - Nature of Business (Details) [Line Items]
Assets (in Dollars)	$ 221,724,891		$ 218,286,533
Ottawa Savings Bancorp MHC [Member]
Note 1 - Nature of Business (Details) [Line Items]
Stock Issued During Period, Shares, New Issues	776,144
Common Stock, Shares, Outstanding			1,999,845
Noncontrolling Interest, Ownership Percentage by Parent	69.10%		69.10%	57.80%
Ottawa Savings Bancorp MHC [Member]
Note 1 - Nature of Business (Details) [Line Items]
Stock Issued During Period, Shares, New Issues		1,223,701
General Public [Member]
Note 1 - Nature of Business (Details) [Line Items]
Stock Issued During Period, Shares, New Issues		1,001,210

Note 4 - Critical Accounting 27

Note 4 - Critical Accounting Policies (Details)	9 Months Ended
	Sep. 30, 2015
Most Recent Four Quarters [Member]
Note 4 - Critical Accounting Policies (Details) [Line Items]
Loan Loss Allowance Quarter Weighting	40.00%
Next Eight Quarters [Member]
Note 4 - Critical Accounting Policies (Details) [Line Items]
Loan Loss Allowance Quarter Weighting	30.00%

Note 5 - Earnings Per Share (De

Note 5 - Earnings Per Share (Details) - Earnings Per Share - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Note 5 - Earnings Per Share (Details) - Earnings Per Share [Line Items]
Net income available to common stockholders (in Dollars)		$ 456,982	$ 236,220	$ 523,669	$ 668,038
Basic potential common shares:
Weighted average shares outstanding		2,894,123	2,117,979	2,894,123	2,117,979
Weighted average unallocated ESOP shares		(22,461)	(27,549)	(23,720)	(28,808)
Weighted average unvested MRP shares		(2,795)	(4,539)	(2,795)	(4,539)
Basic weighted average shares outstanding		2,868,867	2,085,891	2,867,608	2,084,632
Dilutive potential common shares:
Dilutive weighted average shares outstanding		2,880,689	2,092,731	2,881,093	2,090,275
Basic earnings per share (in Dollars per share)		$ 0.16	$ 0.11	$ 0.18	$ 0.32
Diluted earnings per share (in Dollars per share)		$ 0.16	$ 0.11	$ 0.18	$ 0.32
Management Recognition Plan [Member]
Dilutive potential common shares:
Dilutive potential common shares		2,409	5,637	2,373	5,643
Recogniztion and Retention Plan [Member]
Dilutive potential common shares:
Dilutive potential common shares	[1]	9,413	1,203	11,112
[1]	For the nine months ended September 30, 2014, the effect of share options was not included in the calculation of diluted earnings per share because to do so would have been anti-dilutive.

Note 6 - Employee Stock Owner29

Note 6 - Employee Stock Ownership Plan (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Jul. 11, 2005
Note 6 - Employee Stock Ownership Plan (Details) [Line Items]
Loan To Employee Stock Ownership Plan			$ 763,140
Employee Stock Ownership Plan (ESOP), Shares in ESOP	67,911	67,911	76,314
Sale of Stock, Price Per Share			$ 10
Employee Stock Ownership Plan ESOP Interest and Principal Payments From ESOP	$ 77,000
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares	54,692	50,876
Mezzanine Capital [Member]
Note 6 - Employee Stock Ownership Plan (Details) [Line Items]
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares	46,289
Fair Value Per Share	$ 10

Note 6 - Employee Stock Owner30

Note 6 - Employee Stock Ownership Plan (Details) - Employee Stock Ownership Plan - USD ($)	Sep. 30, 2015	Dec. 31, 2014	Jul. 11, 2005
Employee Stock Ownership Plan [Abstract]
Shares allocated	54,692	50,876
Shares withdrawn from the plan	(8,403)	(8,403)
Unallocated shares (in Dollars)	$ 21,622	$ 25,438
Total ESOP shares	67,911	67,911	76,314
Fair value of unallocated shares (in Dollars)	$ 216,220	$ 254,380

Note 7 - Investment Securitie31

Note 7 - Investment Securities (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Investments, Debt and Equity Securities [Abstract]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	28		28
Aggregate Percentage Loss on Securities With Unrealized Loss Position	1.21%		1.21%
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities			$ 0
Proceeds from Sale of Available-for-sale Securities	$ 0	$ 3,500,000	5,600,000	$ 3,500,000
Available-for-sale Securities, Gross Realized Gains		42,054	21,630	42,054
Available-for-sale Securities, Gross Realized Losses		17,234	2,039	17,234
Available-for-sale Securities, Gross Realized Gain (Loss)		$ 24,820	19,591	24,820
Available-for-sale Securities Income Tax Expense Realized Gain			$ 7,605	$ 9,635

Note 7 - Investment Securitie32

Note 7 - Investment Securities (Details) - The Amortized Cost and Fair Values of Securities - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Available for Sale
Available for Sale - Amortized Cost	$ 49,997,358	$ 52,237,220
Available for Sale - Gross Unrealized Gains	811,327	619,506
Available for Sale - Gross Unrealized Losses	167,978	84,618
Available for Sale - Fair Value	50,640,707	52,772,108
US States and Political Subdivisions Debt Securities [Member]
Available for Sale
Available for Sale - Amortized Cost	19,000,794	19,997,846
Available for Sale - Gross Unrealized Gains	354,476	261,791
Available for Sale - Gross Unrealized Losses	63,365	34,445
Available for Sale - Fair Value	19,291,905	20,225,192
Residential Mortgage Backed Securities [Member]
Available for Sale
Available for Sale - Amortized Cost	30,996,564	32,239,374
Available for Sale - Gross Unrealized Gains	456,851	357,715
Available for Sale - Gross Unrealized Losses	104,613	50,173
Available for Sale - Fair Value	$ 31,348,802	$ 32,546,916

Note 7 - Investment Securitie33

Note 7 - Investment Securities (Details) - The Amortized Cost and Fair Value by Contractual Maturity - USD ($)	Sep. 30, 2015	Dec. 31, 2014
The Amortized Cost and Fair Value by Contractual Maturity [Abstract]
Due in three months or less	$ 240,759
Due in three months or less	241,020
Due after three months through one year	497,765
Due after three months through one year	505,210
Due after one year through five years	538,967
Due after one year through five years	557,821
Due after five years through ten years	6,807,390
Due after five years through ten years	6,944,870
Due after ten years	10,915,914
Due after ten years	11,042,984
Residential mortgage-backed securities	30,996,564
Residential mortgage-backed securities	31,348,802
	49,997,359
	$ 50,640,707	$ 52,772,108

Note 7 - Investment Securitie34

Note 7 - Investment Securities (Details) - Securities with Gross Unrealized Losses - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Securities Available for Sale
Available for Sale Securities - Unrealized Loss Position Less than 12 Months Fair Value	$ 10,478,527	$ 2,857,252
Available for Sale Securities - Unrealized Loss Position Less than 12 Months Unrealized Losses	91,409	21,639
Available for Sale Securities - Unrealized Loss Position 12 Months or More Fair Value	3,187,270	4,170,069
Available for Sale Securities - Unrealized Loss Position 12 Months or More Unrealized Losses	76,569	62,979
Available for Sale Securities - Unrealized Loss Position Fair Value	13,665,797	7,027,321
Available for Sale Securities - Unrealized Loss Position Unrealized Losses	167,978	84,618
US States and Political Subdivisions Debt Securities [Member]
Securities Available for Sale
Available for Sale Securities - Unrealized Loss Position Less than 12 Months Fair Value	2,883,129	408,165
Available for Sale Securities - Unrealized Loss Position Less than 12 Months Unrealized Losses	21,144	93
Available for Sale Securities - Unrealized Loss Position 12 Months or More Fair Value	690,005	701,492
Available for Sale Securities - Unrealized Loss Position 12 Months or More Unrealized Losses	42,221	34,352
Available for Sale Securities - Unrealized Loss Position Fair Value	3,573,134	1,109,657
Available for Sale Securities - Unrealized Loss Position Unrealized Losses	63,365	34,445
Residential Mortgage Backed Securities [Member]
Securities Available for Sale
Available for Sale Securities - Unrealized Loss Position Less than 12 Months Fair Value	7,595,398	2,449,087
Available for Sale Securities - Unrealized Loss Position Less than 12 Months Unrealized Losses	70,265	21,546
Available for Sale Securities - Unrealized Loss Position 12 Months or More Fair Value	2,497,265	3,468,577
Available for Sale Securities - Unrealized Loss Position 12 Months or More Unrealized Losses	34,348	28,627
Available for Sale Securities - Unrealized Loss Position Fair Value	10,092,663	5,917,664
Available for Sale Securities - Unrealized Loss Position Unrealized Losses	$ 104,613	$ 50,173

Note 8 - Loans and Allowance 35

Note 8 - Loans and Allowance for Credit Losses (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Note 8 - Loans and Allowance for Credit Losses (Details) [Line Items]
Impaired Financing Receivable, Interest Income, Accrual Method	$ 0	$ 0	$ 0	$ 0
Impaired Financing Receivable, Interest Income, Cash Basis Method	$ 0	0	$ 0	0
Number of Impaired Loans	38,000,000		38,000,000		67
Financing Receivable, Modifications, Recorded Investment	$ 5,100,000	$ 259,190	$ 5,100,000	$ 259,190
Impaired Financing Receivable, Recorded Investment	$ 5,145,049		5,145,049		$ 5,952,333
Financing Receivable, Modifications, Number of Contracts		1		1
Payments for (Proceeds from) Loans Receivable			$ (200,000)
Impaired loans, Additions, Number			16
Impaired Loans, Additions, Value			$ 1,600,000
Number of Loans Sold	25
Proceeds from Sale of Loans Receivable	$ 700,000
Number of Impaired Loans Sold	11
Number of Properties Transferred to OREO Which Were Previously Secured by Impaired Loans Sold	14
Loans and Leases Receivable, Gain (Loss) on Sales, Net	$ 82,000
Financing Receivable, Modifications, Subsequent Default, Number of Contracts				1
Financing Receivable, Modifications, Subsequent Default, Recorded Investment				$ 63,751
Real Estate Acquired Through Foreclosure	146,428		146,428		232,650
Mortgage Loans in Process of Foreclosure, Amount	$ 531,000		$ 531,000
Written Down and Moved to OREO [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) [Line Items]
Number of Impaired Loans	23		23
Real Estate Owned, Transfer to Real Estate Owned			$ 1,000,000
Financing Receivable, Modifications, Number of Contracts			7
Paid Off or Charged Off [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) [Line Items]
Number of Impaired Loans	20		20
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down			$ 600,000
Returned to Accrual Status [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 600,000		$ 600,000
Financing Receivable, Modifications, Number of Contracts			4
Impaired Loan [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) [Line Items]
Payments for (Proceeds from) Loans Receivable			$ 100,000
Troubled Debt Restructurings [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) [Line Items]
Impaired Financing Receivable, Recorded Investment	2,800,000		2,800,000		$ 2,600,000
Real Estate Owned, Transfer to Real Estate Owned			500,000
Payments for (Proceeds from) Loans Receivable			$ 62,000
Principal Advances [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) [Line Items]
Financing Receivable, Modifications, Number of Contracts			2
Payments for (Proceeds from) Loans Receivable			$ (200,000)
Financing Receivable, Modifications, Subsequent Default, Number of Contracts			2
Restructured Greater Than Tweleve Months Prior [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) [Line Items]
Financing Receivable, Modifications, Subsequent Default, Recorded Investment			$ 600,000
Residential Portfolio Segment [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) [Line Items]
Financing Receivable, Modifications, Recorded Investment		$ 259,190		$ 259,190
Financing Receivable, Modifications, Number of Contracts		1		1
Financing Receivable, Modifications, Subsequent Default, Number of Contracts				1
Financing Receivable, Modifications, Subsequent Default, Recorded Investment				$ 63,751
Real Estate Acquired Through Foreclosure	$ 146,000		$ 146,000

Note 8 - Loans and Allowance 36

Note 8 - Loans and Allowance for Credit Losses (Details) - Components of Loans, Net of Deferred Loan Costs (Fees) - USD ($)	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Mortgage loans:
Gross loans	$ 141,581,299		$ 144,816,120
Less: Allowance for loan losses	(2,324,587)	$ (2,528,216)	(2,314,607)	$ (3,015,021)	$ (2,971,207)	$ (2,910,580)
Loans, net	139,256,712		142,501,513
Residential Portfolio Segment [Member]
Mortgage loans:
Gross loans	102,739,564		101,256,640
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member]
Mortgage loans:
Gross loans	98,755,277		98,144,990
Less: Allowance for loan losses	(1,706,212)	(1,986,275)	(1,812,448)	(2,327,477)	(2,472,553)	(2,277,325)
Residential Portfolio Segment [Member] | Multi-Family Loans [Member]
Mortgage loans:
Gross loans	3,984,287		3,111,650
Less: Allowance for loan losses	(167,171)	(143,970)	(121,918)	(271,277)	(211,585)	(141,367)
Non-residential Real Estate Portfolio Segment [Member]
Mortgage loans:
Gross loans	20,087,027		20,928,085
Less: Allowance for loan losses	(292,136)	(243,010)	(245,098)	(264,405)	(180,350)	(388,215)
Commercial Portfolio Segment [Member]
Mortgage loans:
Gross loans	11,279,688		12,242,145
Less: Allowance for loan losses	(45,427)	(32,650)	(35,947)	(37,048)	(34,334)	(29,965)
Consumer Portfolio Segment [Member]
Mortgage loans:
Gross loans	1,428,380		1,724,700
Less: Allowance for loan losses	(35,921)	(29,199)	(10,804)	(12,234)		(1,698)
Purchased Auto Loans [Member]
Mortgage loans:
Gross loans	6,046,640		8,664,550
Less: Allowance for loan losses	(77,720)	$ (93,112)	(88,392)	$ (102,580)	$ (72,385)	$ (72,010)
Non-Mortgage Loans [Member]
Mortgage loans:
Gross loans	$ 38,841,735		$ 43,559,480

Note 8 - Loans and Allowance 37

Note 8 - Loans and Allowance for Credit Losses (Details) - Carrying Amount of Loans Acquired in Twin Oaks Merger - USD ($)	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Mortgage loans:
Gross loans	$ 141,581,299		$ 144,816,120
Less: Allowance for loan losses	(2,324,587)	$ (2,528,216)	(2,314,607)	$ (3,015,021)	$ (2,971,207)	$ (2,910,580)
Loans, net	139,256,712		142,501,513
Residential Portfolio Segment [Member]
Mortgage loans:
Gross loans	102,739,564		101,256,640
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member]
Mortgage loans:
Gross loans	98,755,277		98,144,990
Less: Allowance for loan losses	(1,706,212)	(1,986,275)	(1,812,448)	(2,327,477)	(2,472,553)	(2,277,325)
Residential Portfolio Segment [Member] | Multi-Family Loans [Member]
Mortgage loans:
Gross loans	3,984,287		3,111,650
Less: Allowance for loan losses	(167,171)	(143,970)	(121,918)	(271,277)	(211,585)	(141,367)
Non-residential Real Estate Portfolio Segment [Member]
Mortgage loans:
Gross loans	20,087,027		20,928,085
Less: Allowance for loan losses	(292,136)	(243,010)	(245,098)	(264,405)	(180,350)	(388,215)
Commercial Portfolio Segment [Member]
Mortgage loans:
Gross loans	11,279,688		12,242,145
Less: Allowance for loan losses	(45,427)	(32,650)	(35,947)	(37,048)	(34,334)	(29,965)
Consumer Portfolio Segment [Member]
Mortgage loans:
Gross loans	1,428,380		1,724,700
Less: Allowance for loan losses	(35,921)	(29,199)	(10,804)	(12,234)		(1,698)
Purchased Auto Loans [Member]
Mortgage loans:
Gross loans	6,046,640		8,664,550
Less: Allowance for loan losses	(77,720)	$ (93,112)	(88,392)	$ (102,580)	$ (72,385)	$ (72,010)
Non-Mortgage Loans [Member]
Mortgage loans:
Gross loans	38,841,735		43,559,480
Twin Oaks [Member]
Mortgage loans:
Gross loans	26,042,152		29,795,910
Less: Allowance for loan losses	(50,000)
Loans, net	25,992,152		29,795,910
Twin Oaks [Member] | Residential Portfolio Segment [Member]
Mortgage loans:
Gross loans	21,768,961		24,196,955
Twin Oaks [Member] | Residential Portfolio Segment [Member] | 1-4 Family Loan [Member]
Mortgage loans:
Gross loans	21,473,139		23,667,808
Twin Oaks [Member] | Residential Portfolio Segment [Member] | Multi-Family Loans [Member]
Mortgage loans:
Gross loans	295,822		529,147
Twin Oaks [Member] | Non-residential Real Estate Portfolio Segment [Member]
Mortgage loans:
Gross loans	2,730,212		3,141,438
Twin Oaks [Member] | Commercial Portfolio Segment [Member]
Mortgage loans:
Gross loans	940,662		1,450,602
Twin Oaks [Member] | Consumer Portfolio Segment [Member]
Mortgage loans:
Gross loans	602,317		1,006,915
Twin Oaks [Member] | Non-Mortgage Loans [Member]
Mortgage loans:
Gross loans	$ 4,273,191		$ 5,598,955

Note 8 - Loans and Allowance 38

Note 8 - Loans and Allowance for Credit Losses (Details) - Purchases of Loans Receivable - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
Purchased Auto Loans [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Purchases of Loans Receivable [Line Items]
Purchased auto loans	$ 2,509,980	$ 4,038,146

Note 8 - Loans and Allowance 39

Note 8 - Loans and Allowance for Credit Losses (Details) - Net (Charge-offs) / Recoveries - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Note 8 - Loans and Allowance for Credit Losses (Details) - Net (Charge-offs) / Recoveries [Line Items]
Net (charge-offs)/recoveries	$ (203,629)	$ (181,186)	$ (210,020)	$ (590,559)
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Net (Charge-offs) / Recoveries [Line Items]
Net (charge-offs)/recoveries	(157,703)	39,872	(73,744)	(197,968)
Residential Portfolio Segment [Member] | Multi-Family Loans [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Net (Charge-offs) / Recoveries [Line Items]
Net (charge-offs)/recoveries	4,472	11,547	(21,477)	19,895
Non-residential Real Estate Portfolio Segment [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Net (Charge-offs) / Recoveries [Line Items]
Net (charge-offs)/recoveries	(18,307)	(181,863)	(18,307)	(336,110)
Consumer Portfolio Segment [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Net (Charge-offs) / Recoveries [Line Items]
Net (charge-offs)/recoveries	(11,906)	(24,600)	(55,577)	(23,047)
Purchased Auto Loans [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Net (Charge-offs) / Recoveries [Line Items]
Net (charge-offs)/recoveries	$ (20,185)	$ (26,142)	$ (40,915)	$ (53,329)

Note 8 - Loans and Allowance 40

Note 8 - Loans and Allowance for Credit Losses (Details) - Recorded Investment in Loans and the Related Allowances - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Note 8 - Loans and Allowance for Credit Losses (Details) - Recorded Investment in Loans and the Related Allowances [Line Items]
Balance at beginning of period	$ 2,528,216	$ 2,971,207	$ 2,314,607	$ 2,910,580
Provision charged to income		225,000	220,000	695,000
Loans charged off	(212,028)	(261,693)	(326,675)	(699,093)
Recoveries of loans previously charged off	8,399	80,507	116,655	108,534
Balance at end of period	2,324,587	3,015,021	2,324,587	3,015,021
Loans individually evaluated for impairment	4,328,896		4,328,896		$ 4,628,686
Loans	141,581,299		141,581,299		144,816,120
Loans collectively evaluated for impairment	136,436,250		136,436,250		138,863,787
Period-end amount allocated to:
Allowance for loan losses individually evaluated for impairment	238,569		238,569		43,055
Allowance for loan losses collectively evaluated for impairment	2,086,018		2,086,018		2,271,552
Receivables Acquired with Deteriorated Credit Quality [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Recorded Investment in Loans and the Related Allowances [Line Items]
Loans	816,153		816,153		1,323,647
Residential Portfolio Segment [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Recorded Investment in Loans and the Related Allowances [Line Items]
Loans	102,739,564		102,739,564		101,256,640
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Recorded Investment in Loans and the Related Allowances [Line Items]
Balance at beginning of period	1,986,275	2,472,553	1,812,448	2,277,325
Provision charged to income	(122,360)	(184,948)	(32,492)	248,120
Loans charged off	(158,302)	(26,809)	(168,359)	(277,812)
Recoveries of loans previously charged off	599	66,681	94,615	79,844
Balance at end of period	1,706,212	2,327,477	1,706,212	2,327,477
Loans individually evaluated for impairment	2,206,835		2,206,835		2,352,445
Loans	98,755,277		98,755,277		98,144,990
Loans collectively evaluated for impairment	95,732,289		95,732,289		94,499,996
Period-end amount allocated to:
Allowance for loan losses individually evaluated for impairment	131,483		131,483		43,055
Allowance for loan losses collectively evaluated for impairment	1,574,729		1,574,729		1,769,393
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Recorded Investment in Loans and the Related Allowances [Line Items]
Loans	816,153		816,153		1,292,549
Residential Portfolio Segment [Member] | Multi-Family Loans [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Recorded Investment in Loans and the Related Allowances [Line Items]
Balance at beginning of period	143,970	211,585	121,918	141,367
Provision charged to income	18,729	48,145	66,730	110,015
Loans charged off			(33,892)
Recoveries of loans previously charged off	4,472	11,547	12,415	19,895
Balance at end of period	167,171	271,277	167,171	271,277
Loans individually evaluated for impairment					257,399
Loans	3,984,287		3,984,287		3,111,650
Loans collectively evaluated for impairment	3,984,287		3,984,287		2,854,251
Period-end amount allocated to:
Allowance for loan losses collectively evaluated for impairment	167,171		167,171		121,918
Non-residential Real Estate Portfolio Segment [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Recorded Investment in Loans and the Related Allowances [Line Items]
Balance at beginning of period	243,010	180,350	245,098	388,215
Provision charged to income	67,433	265,918	65,345	212,300
Loans charged off	(18,307)	(181,863)	(18,307)	(336,110)
Balance at end of period	292,136	264,405	292,136	264,405
Loans individually evaluated for impairment	2,111,669		2,111,669		2,007,871
Loans	20,087,027		20,087,027		20,928,085
Loans collectively evaluated for impairment	17,975,358		17,975,358		18,889,116
Period-end amount allocated to:
Allowance for loan losses individually evaluated for impairment	107,086		107,086
Allowance for loan losses collectively evaluated for impairment	185,050		185,050		245,098
Non-residential Real Estate Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Recorded Investment in Loans and the Related Allowances [Line Items]
Loans					31,098
Commercial Portfolio Segment [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Recorded Investment in Loans and the Related Allowances [Line Items]
Balance at beginning of period	32,650	34,334	35,947	29,965
Provision charged to income	12,777	2,714	9,480	7,083
Balance at end of period	45,427	37,048	45,427	37,048
Loans	11,279,688		11,279,688		12,242,145
Loans collectively evaluated for impairment	11,279,688		11,279,688		12,242,145
Period-end amount allocated to:
Allowance for loan losses collectively evaluated for impairment	45,427		45,427		35,947
Consumer Portfolio Segment [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Recorded Investment in Loans and the Related Allowances [Line Items]
Balance at beginning of period	29,199		10,804	1,698
Provision charged to income	18,628	36,834	80,694	33,583
Loans charged off	(13,647)	(25,000)	(60,055)	(25,947)
Recoveries of loans previously charged off	1,741	400	4,478	2,900
Balance at end of period	35,921	12,234	35,921	12,234
Loans	1,428,380		1,428,380		1,724,700
Loans collectively evaluated for impairment	1,428,380		1,428,380		1,724,700
Period-end amount allocated to:
Allowance for loan losses collectively evaluated for impairment	35,921		35,921		10,804
Purchased Auto Loans [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Recorded Investment in Loans and the Related Allowances [Line Items]
Balance at beginning of period	93,112	72,385	88,392	72,010
Provision charged to income	4,793	56,337	30,243	83,899
Loans charged off	(21,772)	(28,021)	(46,062)	(59,224)
Recoveries of loans previously charged off	1,587	1,879	5,147	5,895
Balance at end of period	77,720	$ 102,580	77,720	$ 102,580
Loans individually evaluated for impairment	10,392		10,392		10,971
Loans	6,046,640		6,046,640		8,664,550
Loans collectively evaluated for impairment	6,036,248		6,036,248		8,653,579
Period-end amount allocated to:
Allowance for loan losses collectively evaluated for impairment	$ 77,720		$ 77,720		$ 88,392

Note 8 - Loans and Allowance 41

Note 8 - Loans and Allowance for Credit Losses (Details) - Loans Individually Evaluated for Impairment - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Unpaid Contractual Principal Balance	$ 5,316,317	$ 8,997,582
Recorded Investment With No Allowance	2,736,476	5,671,817
Recorded Investment With Allowance	2,408,573	280,516
Total Recorded Investment	5,145,049	5,952,333
Related Allowance	238,569	43,055
Average Recorded Investment	5,932,149	5,463,286
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Contractual Principal Balance	3,194,256	6,321,593
Recorded Investment With No Allowance	2,326,376	3,364,478
Recorded Investment With Allowance	696,612	280,516
Total Recorded Investment	3,022,988	3,644,994
Related Allowance	131,483	43,055
Average Recorded Investment	3,767,407	3,232,026
Residential Portfolio Segment [Member] | Multi-Family Loans [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Contractual Principal Balance		440,669
Recorded Investment With No Allowance		257,399
Total Recorded Investment		257,399
Average Recorded Investment		196,499
Non-residential Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Contractual Principal Balance	2,111,669	2,220,498
Recorded Investment With No Allowance	399,708	2,038,969
Recorded Investment With Allowance	1,711,961
Total Recorded Investment	2,111,669	2,038,969
Related Allowance	107,086
Average Recorded Investment	2,125,299	2,030,582
Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	29,052
Consumer Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Contractual Principal Balance		3,851
Average Recorded Investment	4,618
Purchased Auto Loans [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Contractual Principal Balance	10,392	10,971
Recorded Investment With No Allowance	10,392	10,971
Total Recorded Investment	10,392	10,971
Average Recorded Investment	$ 5,773	$ 4,179

Note 8 - Loans and Allowance 42

Note 8 - Loans and Allowance for Credit Losses (Details) - Troubled Debt Restructurings	3 Months Ended	9 Months Ended
	Sep. 30, 2014USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)
Financing Receivable, Modifications [Line Items]
Number of Modifications	1	1
Recorded Investment	$ 259,190	$ 259,190	$ 5,100,000
Increase in Allowance	$ 125,190	$ 125,190
Number of Defaults		1
Recorded Investment		$ 63,751
Residential Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of Modifications	1	1
Recorded Investment	$ 259,190	$ 259,190
Increase in Allowance	$ 125,190	$ 125,190
Number of Defaults		1
Recorded Investment		$ 63,751

Note 8 - Loans and Allowance 43

Note 8 - Loans and Allowance for Credit Losses (Details) - Nonaccrual Loans and Loans Past Due Over 90 Days - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Note 8 - Loans and Allowance for Credit Losses (Details) - Nonaccrual Loans and Loans Past Due Over 90 Days [Line Items]
Nonaccrual Loans	$ 5,234,944	$ 6,040,172
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Nonaccrual Loans and Loans Past Due Over 90 Days [Line Items]
Nonaccrual Loans	3,112,883	3,732,833
Residential Portfolio Segment [Member] | Multi-Family Loans [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Nonaccrual Loans and Loans Past Due Over 90 Days [Line Items]
Nonaccrual Loans		257,399
Non-residential Real Estate Portfolio Segment [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Nonaccrual Loans and Loans Past Due Over 90 Days [Line Items]
Nonaccrual Loans	2,111,669	2,038,969
Purchased Auto Loans [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Nonaccrual Loans and Loans Past Due Over 90 Days [Line Items]
Nonaccrual Loans	$ 10,392	$ 10,971

Note 8 - Loans and Allowance 44

Note 8 - Loans and Allowance for Credit Losses (Details) - Aging of the Recorded Investment in Loans - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	$ 4,665,440	$ 6,259,554
Loans current	136,915,859	138,556,566
Loans	141,581,299	144,816,120
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	2,506,749	3,405,590
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	1,381,211	729,606
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	777,480	2,124,358
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	102,739,564	101,256,640
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	3,931,898	4,674,086
Loans current	94,823,379	93,470,904
Loans	98,755,277	98,144,990
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	1,919,366	2,622,762
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	1,263,571	309,909
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	748,961	1,741,415
Residential Portfolio Segment [Member] | Multi-Family Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due		407,817
Loans current	3,984,287	2,703,833
Loans	3,984,287	3,111,650
Residential Portfolio Segment [Member] | Multi-Family Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due		150,418
Residential Portfolio Segment [Member] | Multi-Family Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due		257,399
Non-residential Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	699,844	1,060,983
Loans current	19,387,183	19,867,102
Loans	20,087,027	20,928,085
Non-residential Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	568,205	526,713
Non-residential Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	113,512	419,697
Non-residential Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	18,127	114,573
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	9,978	96,525
Loans current	11,269,710	12,145,620
Loans	11,279,688	12,242,145
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	9,978	96,525
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	10,259	9,172
Loans current	1,418,121	1,715,528
Loans	1,428,380	1,724,700
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	6,131	9,172
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	4,128
Purchased Auto Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	13,461	10,971
Loans current	6,033,179	8,653,579
Loans	6,046,640	8,664,550
Purchased Auto Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	3,069
Purchased Auto Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	$ 10,392	$ 10,971

Note 8 - Loans and Allowance 45

Note 8 - Loans and Allowance for Credit Losses (Details) - Loans by Risk Category - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Gross loans	$ 141,581,299	$ 144,816,120
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	28,692,745	30,535,501
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	1,957,347	2,082,641
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	5,145,049	5,952,333
Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	105,786,158	106,245,645
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	102,739,564	101,256,640
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	98,755,277	98,144,990
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	1,395,046	1,486,881
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	3,022,988	3,644,994
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	94,337,243	93,013,115
Residential Portfolio Segment [Member] | Multi-Family Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	3,984,287	3,111,650
Residential Portfolio Segment [Member] | Multi-Family Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans		257,399
Residential Portfolio Segment [Member] | Multi-Family Loans [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	3,984,287	2,854,251
Non-residential Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	20,087,027	20,928,085
Non-residential Real Estate Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	17,948,986	18,889,116
Non-residential Real Estate Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	26,372
Non-residential Real Estate Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	2,111,669	2,038,969
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	11,279,688	12,242,145
Commercial Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	10,743,759	11,646,385
Commercial Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	535,929	595,760
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	1,428,380	1,724,700
Consumer Portfolio Segment [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	1,428,380	1,724,700
Purchased Auto Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	6,046,640	8,664,550
Purchased Auto Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	10,392	10,971
Purchased Auto Loans [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	$ 6,036,248	$ 8,653,579

Note 9 - Stock Compensation (De

Note 9 - Stock Compensation (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Note 9 - Stock Compensation (Details) [Line Items]
Allocated Share-based Compensation Expense	$ 14,000	$ 14,000
Management Recognition Plan [Member]
Note 9 - Stock Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0

Note 11 - Fair Value Measurem47

Note 11 - Fair Value Measurement and Disclosure (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Note 11 - Fair Value Measurement and Disclosure (Details) [Line Items]
Available-for-sale Securities	$ 50,640,707	$ 52,772,108
Fair Value, Inputs, Level 1 [Member]
Note 11 - Fair Value Measurement and Disclosure (Details) [Line Items]
Available-for-sale Securities	0
Fair Value, Inputs, Level 3 [Member]
Note 11 - Fair Value Measurement and Disclosure (Details) [Line Items]
Available-for-sale Securities	$ 0

Note 11 - Fair Value Measurem48

Note 11 - Fair Value Measurement and Disclosure (Details) - Assets Measured at Fair Value on a Recurring Basis - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Note 11 - Fair Value Measurement and Disclosure (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	$ 50,640,707	$ 52,772,108
US States and Political Subdivisions Debt Securities [Member]
Note 11 - Fair Value Measurement and Disclosure (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	19,291,905	20,225,192
Residential Mortgage Backed Securities [Member]
Note 11 - Fair Value Measurement and Disclosure (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	31,348,802	32,546,916
Fair Value, Inputs, Level 1 [Member]
Note 11 - Fair Value Measurement and Disclosure (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	0
Fair Value, Inputs, Level 2 [Member]
Note 11 - Fair Value Measurement and Disclosure (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	50,640,707	52,772,108
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member]
Note 11 - Fair Value Measurement and Disclosure (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	19,291,905	20,225,192
Fair Value, Inputs, Level 2 [Member] | Residential Mortgage Backed Securities [Member]
Note 11 - Fair Value Measurement and Disclosure (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	31,348,802	$ 32,546,916
Fair Value, Inputs, Level 3 [Member]
Note 11 - Fair Value Measurement and Disclosure (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	$ 0

Note 11 - Fair Value Measurem49

Note 11 - Fair Value Measurement and Disclosure (Details) - Assets Measured at Fair Value On a Non-recurring Basis - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Note 11 - Fair Value Measurement and Disclosure (Details) - Assets Measured at Fair Value On a Non-recurring Basis [Line Items]
Foreclosed assets	$ 146,428	$ 232,650
Impaired loans, net	5,145,049	5,952,333
Estimate of Fair Value Measurement [Member]
Note 11 - Fair Value Measurement and Disclosure (Details) - Assets Measured at Fair Value On a Non-recurring Basis [Line Items]
Foreclosed assets	175,499	295,650
Impaired loans, net	2,170,004	1,561,108
Fair Value, Inputs, Level 3 [Member]
Note 11 - Fair Value Measurement and Disclosure (Details) - Assets Measured at Fair Value On a Non-recurring Basis [Line Items]
Foreclosed assets	175,499	295,650
Impaired loans, net	$ 2,170,004	$ 1,561,108

Note 11 - Fair Value Measurem50

Note 11 - Fair Value Measurement and Disclosure (Details) - Estimated Fair Values of Financial Instruments - USD ($)	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Financial Assets:
Cash and cash equivalents, carrying amount	$ 4,403,924	$ 5,193,235	$ 2,550,545	$ 6,605,840
Cash and cash equivalents, fair value	4,403,924	5,193,235
Time deposits, carrying amount	649,000	854,861
Time deposits, fair value	649,000	854,861
Federal funds sold, carrying amount	5,668,000	1,662,000
Federal funds sold, fair value	5,668,000	1,662,000
Securities, carrying amount	51,998,828	54,552,782
Securities, fair value	51,998,828	54,552,782
Net loans, carrying amount	139,256,712	142,501,513
Net loans, fair value	141,583,000	144,682,000
Loans held for sale	102,000
Loans held for sale	102,000
Accrued interest receivable, carrying amount	824,066	881,612
Accrued interest receivable, fair value	824,066	881,612
Mortgage servicing rights, carrying amount	279,220	271,819
Mortgage servicing rights, fair value	279,220	271,819
Financial Liabilities:
Deposits, carrying amount	181,760,811	182,233,019
Accrued interest payable, carrying amount	2,794	369
Accrued interest payable, fair value	2,794	369
FHLB Advances, carrying amount	2,672,003	5,483,036
FHLB Advances, fair value	2,672,003	5,483,036
Non-Interest Bearing Deposits [Member]
Financial Liabilities:
Deposits, carrying amount	9,913,540	8,198,356
Deposits, fair value	9,913,540	8,198,356
Interest-bearing Deposits [Member]
Financial Liabilities:
Deposits, carrying amount	171,847,271	174,034,663
Deposits, fair value	168,358,460	172,789,644
Fair Value, Inputs, Level 1 [Member]
Financial Assets:
Cash and cash equivalents, fair value	4,403,924	5,193,235
Time deposits, fair value	649,000	854,861
Federal funds sold, fair value	5,668,000	1,662,000
Accrued interest receivable, carrying amount	824,066	881,612
Accrued interest receivable, fair value	824,066	881,612
Financial Liabilities:
Accrued interest payable, carrying amount	2,794	369
Accrued interest payable, fair value	2,794	369
Fair Value, Inputs, Level 1 [Member] | Non-Interest Bearing Deposits [Member]
Financial Liabilities:
Deposits, fair value	9,913,540	8,198,356
Fair Value, Inputs, Level 2 [Member]
Financial Assets:
Securities, fair value	50,640,707	52,772,108
Loans held for sale	102,000
Financial Liabilities:
FHLB Advances, fair value	2,672,003	5,483,036
Fair Value, Inputs, Level 3 [Member]
Financial Assets:
Securities, fair value	1,358,121	1,780,674
Net loans, fair value	141,583,000	144,682,000
Mortgage servicing rights, fair value	279,220	271,819
Fair Value, Inputs, Level 3 [Member] | Interest-bearing Deposits [Member]
Financial Liabilities:
Deposits, fair value	$ 168,358,460	$ 172,789,644

Note 12 - Acquisition (Details)

Note 12 - Acquisition (Details) - USD ($)	Dec. 31, 2014	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 30, 2014
Twin Oaks [Member]
Note 12 - Acquisition (Details) [Line Items]
Stock Issued During Period, Shares, New Issues (in Shares)	776,144
Ottawa Savings Bancorp MHC [Member]
Note 12 - Acquisition (Details) [Line Items]
Stock Issued During Period, Shares, New Issues (in Shares)	776,144
Noncontrolling Interest, Ownership Percentage by Parent	69.10%		69.10%		57.80%
Twin Oaks [Member]
Note 12 - Acquisition (Details) [Line Items]
Business Acquisition, Share Price (in Dollars per share)	$ 9.18
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ 7,125,000
Business Combination, Acquisition Related Costs			$ 850,000	$ 256,000
Business Combination, Early Termination Fee			485,000
Goodwill, Acquired During Period	649,869
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	29,795,910
Business Combination, Acquired Receivables, Gross Contractual Amount	28,638,000
Business Combination, Acquired Receivables, Fair Value	28,472,000
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield	362,000		213,157
Business Acquisitions Pro Forma Purchase Accounting Adjustments		$ 8,000		$ 25,000
Twin Oaks [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Note 12 - Acquisition (Details) [Line Items]
Business Combination, Acquired Receivables, Gross Contractual Amount	3,194,000		$ 1,500,000
Twin Oaks [Member] | Loans Receivable [Member]
Note 12 - Acquisition (Details) [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	31,831,910
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance	407,000
Certain Loans Acquired in Transfer, Accretable Yield	573,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net	166,000
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, Contractually Required Payments Receivable at Acquisition	3,194,000
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, Cash Flows Expected to be Collected at Acquisition	1,324,000
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Carrying Amount, Net	1,870,000
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield	362,000
Certain Loans Acquired in Transfer, Nonaccretable Difference	1,508,000
Twin Oaks [Member] | Estimate of Fair Value Measurement [Member] | Loans Receivable [Member]
Note 12 - Acquisition (Details) [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	$ 29,795,910

Note 12 - Acquisition (Detail52

Note 12 - Acquisition (Details) - Summary of Acquired Assets and Liabilities - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Assets
Goodwill	$ 649,869	$ 649,869
Twin Oaks [Member]
Assets
Total cash and cash equivalents		2,031,791
Time deposits		854,861
Federal funds sold		440,000
Securities available for sale		23,856,673
Non-marketable equity securities		547,138
Loans		29,795,910
Premises and equipment, net		759,064
Accrued interest receivable		243,972
Deferred tax assets		869,186
Income tax refunds receivable		48,000
Goodwill		649,869
Core deposit intangible		567,000
Other assets		236,745
Total assets acquired		60,900,209
Liabilities
Deposits		49,610,398
Accrued interest payable		51
FHLB Advances		3,483,036
Other liabilities		681,724
Total liabilities assumed		53,775,209
		$ 7,125,000

Note 12 - Acquisition (Detail53

Note 12 - Acquisition (Details) - Loans Acquired With Deteriorated Credit Quality - Twin Oaks [Member]	9 Months Ended
	Sep. 30, 2015USD ($)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Balance	$ 1,323,647
Payment activity	(309,967)
Charge-offs	(19,810)
Transfer to OREO	(266,225)
Accretion to income	88,508
Balance	$ 816,153

Note 12 - Acquisition (Detail54

Note 12 - Acquisition (Details) - Accretable Yield of Loans Acquired With Deteriorated Credit Quality - Twin Oaks [Member]	9 Months Ended
	Sep. 30, 2015USD ($)
Note 12 - Acquisition (Details) - Accretable Yield of Loans Acquired With Deteriorated Credit Quality [Line Items]
Balance, beginning of year	$ 362,000
Reclassification to non-accretable difference	(63,260)
Reclassification from non-accretable difference	67,446
Accretion into interest income	(88,508)
Disposals	(64,521)
	$ 213,157

Note 12 - Acquisition (Detail55

Note 12 - Acquisition (Details) - Pro-Forma Unaudited Results - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
Note 12 - Acquisition (Details) - Pro-Forma Unaudited Results [Line Items]
Net interest income after provision for loan losses		$ 4,073
Total other non-interest income		665
Total revenue		7,328
Net income		$ 197
Twin Oaks [Member]
Note 12 - Acquisition (Details) - Pro-Forma Unaudited Results [Line Items]
Net interest income after provision for loan losses	$ 1,384
Total other non-interest income	300
Total revenue	2,528
Net income	$ 69