Ottawa Savings Bancorp 10-Q 10 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 10, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Ottawa Savings Bancorp, Inc.
Trading Symbol	ottw
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	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 2,524,974	$ 2,096,966
Interest bearing deposits	1,635,668	5,038,753
Total cash and cash equivalents	4,160,642	7,135,719
Time deposits	250,000	250,000
Federal funds sold	949,000	1,604,000
Securities available for sale	48,444,907	46,984,907
Non-marketable equity securities	1,358,121	1,358,121
Loans, net of allowance for loan losses of $2,191,844 and $2,224,006 at March 31, 2016 and December 31, 2015, respectively	144,743,430	140,110,201
Loans held for sale	100,000	0
Premises and equipment, net	7,005,512	7,058,047
Accrued interest receivable	801,846	775,641
Foreclosed real estate	318,670	313,368
Deferred tax assets	2,552,190	2,725,354
Cash value of life insurance	2,207,596	2,195,424
Goodwill	649,869	649,869
Core deposit intangible	428,000	451,000
Other assets	2,595,360	1,951,700
Total assets	216,565,143	213,563,351
Deposits:
Non-interest bearing	11,084,694	10,325,832
Interest bearing	169,090,829	166,409,076
Total deposits	180,175,523	176,734,908
Accrued interest payable	1,902	394
FHLB advances	1,138,422	2,139,117
Other liabilities	3,786,854	3,600,655
Total liabilities	$ 185,102,701	$ 182,475,074
Commitments and contingencies
Redeemable common stock held by ESOP plan	$ 422,255	$ 376,543
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	15,847,200	15,845,341
Retained earnings	16,453,280	16,194,374
Unallocated ESOP shares	(190,785)	(203,504)
Unearned management recognition plan shares	(2,649)	(3,751)
Accumulated other comprehensive income	537,504	437,925
	32,674,560	32,300,395
Less:
Treasury stock, at cost; 106,932 shares	(1,212,118)	(1,212,118)
Maximum cash obligation related to ESOP shares	(422,255)	(376,543)
Total stockholders' equity	31,040,187	30,711,734
Total liabilities and stockholders' equity	$ 216,565,143	$ 213,563,351

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Allowance for loan losses (in Dollars)	$ 2,191,844	$ 2,224,006
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
	Mar. 31, 2016	Mar. 31, 2015
Interest and dividend income:
Interest and fees on loans	$ 1,723,298	$ 1,752,996
Securities:
Residential mortgage-backed and related securities	152,077	157,273
State and municipal securities	134,980	142,027
Dividends on non-marketable equity securities	2,190	1,376
Interest-bearing deposits	7,344	5,352
Total interest and dividend income	2,019,889	2,059,024
Interest expense:
Deposits	202,470	224,255
Borrowings	4,620	15,868
Total interest expense	207,090	240,123
Net interest income	1,812,799	1,818,901
Provision for loan losses	120,000	165,000
Net interest income after provision for loan losses	1,692,799	1,653,901
Other income:
Gain on sale of securities	96	21,630
Gain on sale of loans	38,930	38,608
Gain on sale of OREO	65,197	5,491
Gain on sale of repossessed assets	632
Loan origination and servicing income	58,622	46,856
Origination of mortgage servicing rights, net of amortization	2,130	(970)
Customer service fees	98,271	94,797
Income on bank owned life insurance	12,172	12,184
Other	24,819	27,389
Total other income	300,869	245,985
Other expenses:
Salaries and employee benefits	827,685	711,343
Directors fees	40,800	37,800
Occupancy	152,078	153,765
Deposit insurance premium	44,223	44,907
Legal and professional services	87,128	103,660
Data processing	135,022	374,928
Loss on sale of securities		2,039
Loan expense	58,542	60,268
Valuation adjustments and expenses on foreclosed real estate	36,513	20,098
Loss on sale of repossessed assets		9,883
Other	237,756	221,187
Total other expenses	1,619,747	1,739,878
Income before income tax expense	373,921	160,008
Income tax expense	115,015	16,344
Net income	$ 258,906	$ 143,664
Basic earnings per share (in Dollars per share)	$ 0.09	$ 0.05
Diluted earnings per share (in Dollars per share)	$ 0.09	$ 0.05

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net income	$ 258,906	$ 143,664
Securities available for sale:
Unrealized holding gains arising during the period	163,649	408,355
Reclassification adjustment for (gains) included in net income	(96)	(19,591)
Other comprehensive income, before tax	163,553	388,764
Income tax expense related to items of other comprehensive income	63,974	150,911
Other comprehensive income, net of tax	99,579	237,853
Comprehensive income	$ 358,485	$ 381,517

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows from Operating Activities
Net income	$ 258,906	$ 143,664
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	58,535	56,426
Provision for loan losses	120,000	165,000
Provision for deferred income taxes	109,190	31,172
Net amortization of premiums and discounts on securities	163,362	171,845
Gain on sale of securities, net	(96)	(19,591)
Origination of mortgage loans held for sale	(1,473,405)	(1,197,400)
Proceeds from sale of mortgage loans held for sale	1,412,335	921,548
Gain on sale of loans, net	(38,930)	(38,608)
Origination and purchase of mortgage servicing rights, net of amortization	(2,130)	970
Gain on sale of foreclosed real estate, net	(65,197)	(5,491)
Write down of foreclosed real estate	14,550
(Gain) loss on sale of repossessed assets, net	(632)	9,883
ESOP compensation expense	13,121	13,287
MRP compensation expense	1,102	2,138
Compensation expense on RRP options granted	1,457	2,576
Amortization of core deposit intangible	23,000	29,000
Amortization (accretion) of fair value adjustments on acquired:
Loans	30,796	6,847
Certificates of deposit	(19,000)	(31,000)
Federal Home Loan Bank Advances	(695)
Increase in cash surrender value of life insurance	(12,172)	(12,184)
Change in assets and liabilities:
(Increase) decrease in accrued interest receivable	(26,205)	63,803
(Increase) decrease in other assets	(654,907)	21,925
Increase (decrease) in accrued interest payable and other liabilities	240,143	(7,161)
Net cash provided by operating activities	153,128	328,649
Securities available for sale:
Purchases	(3,613,482)	(3,241,338)
Sales, calls, maturities and paydowns	2,153,769	7,274,293
Net decrease in time deposits		100,000
Net increase in loans	(4,896,715)	(467,343)
Net decrease in federal funds sold	655,000	(1,373,000)
Proceeds from sale of foreclosed real estate	102,099	153,091
Proceeds from sale of repossessed assets	17,509	51,434
Purchase of premises and equipment	(6,000)	(62,186)
Net cash (used in) provided by investing activities	(5,587,820)	2,434,951
Cash Flows from Financing Activities
Net increase in deposits	3,459,615	1,120,848
Principal reduction of Federal Home Loan Bank advances	(1,000,000)	(2,792,728)
Net cash provided by (used in) financing activities	2,459,615	(1,671,880)
Net (decrease) increase in cash and cash equivalents	(2,975,077)	1,091,720
Cash and cash equivalents:
Beginning of period	7,135,719	5,193,235
End of period	4,160,642	6,284,955
Cash payments for:
Income taxes paid, net of refunds received		(13,800)
Supplemental Schedule of Noncash Investing and Financing Activities
Real estate acquired through or in lieu of foreclosure	109,190	426,207
Other assets acquired in settlement of loans	3,500	34,600
Increase in ESOP put option liability	45,712	82,275
Interest Paid to Depositors [Member]
Cash payments for:
Interest paid	200,962	222,831
Interest Paid on Borrowings [Member]
Cash payments for:
Interest paid	$ 4,620	$ 15,868

Note 1 - Nature of Business

Note 1 - Nature of Business	3 Months Ended
	Mar. 31, 2016
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 $216.6 million at March 31, 2016 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 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”). As a result of the Merger, the Company increased its market share in the La Salle County market and expanded into Grundy County. In connection with the Merger, the Company issued 776,144 shares of common stock to Ottawa Savings Bancorp, MHC. As of March 31, 2016, 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	3 Months Ended
	Mar. 31, 2016
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, 2015. Certain amounts in the accompanying financial statements and footnotes for 2015 have been reclassified with no effect on net income or stockholders’ equity to be consistent with the 2016 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	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016, 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, 2016.

Note 4 - Critical Accounting Po

Note 4 - Critical Accounting Policies	3 Months Ended
	Mar. 31, 2016
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 A loan is considered impaired when, based on current information and events, it is probable that we will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent.

Note 5 - Earnings Per Share

Note 5 - Earnings Per Share	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 2015 Net income available to common stockholders $ 258,906 $ 143,664 Basic potential common shares: Weighted average shares outstanding 2,894,123 2,894,123 Weighted average unallocated ESOP shares (19,912 ) (25,000 ) Weighted average unvested MRP shares (1,047 ) (2,795 ) Basic weighted average shares outstanding 2,873,164 2,866,328 Dilutive potential common shares: Weighted average unrecognized compensation on MRP shares 919 2,338 Weighted average RRP options outstanding 7,752 7,660 Dilutive weighted average shares outstanding 2,881,835 2,876,326 Basic earnings per share $ 0.09 $ 0.05 Diluted earnings per share $ 0.09 $ 0.05

Note 6 - Employee Stock Ownersh

Note 6 - Employee Stock Ownership Plan	3 Months Ended
	Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	NOTE 6 – EMPLOYEE STOCK OWNERSHIP PLAN 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 March 31, 2016, 38,739 shares at a fair value of $10.90 have been classified as mezzanine capital. The following table reflects the status of the shares held by the ESOP: March 31, December 31, 2016 2015 Shares allocated 57,236 55,964 Shares withdrawn from the plan (18,497 ) (18,497 ) Unallocated shares 19,078 20,350 Total ESOP shares 57,817 57,817 Fair value of unallocated shares $ 207,950 $ 204,518

Note 7 - Investment Securities

Note 7 - Investment Securities	3 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE 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 March 31, 2016: Available for Sale State and municipal securities $ 18,582,161 $ 574,479 $ 1,487 $ 19,155,153 Residential mortgage-backed securities 28,979,926 414,918 105,090 29,289,754 $ 47,562,087 $ 989,397 $ 106,577 $ 48,444,907 December 31, 2015: Available for Sale State and municipal securities $ 18,733,573 $ 525,089 $ 21,454 $ 19,237,208 Residential mortgage-backed securities 27,532,067 365,558 149,926 27,747,699 $ 46,265,640 $ 890,647 $ 171,380 $ 46,984,907 The amortized cost and fair value at March 31, 2016, 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 $ - $ - Due after three months through one year 35,628 36,029 Due after one year through five years 2,086,238 2,148,217 Due after five years through ten years 7,200,706 7,425,262 Due after ten years 9,259,589 9,545,645 Residential mortgage-backed securities 28,979,926 29,289,754 $ 47,562,087 $ 48,444,907 The following table reflects securities with gross unrealized losses for less than 12 months and for 12 months or more at March 31, 2016 and December 31, 2015: Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses March 31, 2016 Securities Available for Sale State and municipal securities $ 898,342 $ 1,487 $ - $ - $ 898,342 $ 1,487 Residential mortgage-backed securities 6,637,334 64,876 3,288,403 40,214 9,925,737 105,090 $ 7,535,676 $ 66,363 $ 3,288,403 $ 40,214 $ 10,824,079 $ 106,577 December 31, 2015 Securities Available for Sale State and municipal securities $ 169,601 $ 101 $ 436,067 $ 21,353 $ 605,668 $ 21,454 Residential mortgage-backed securities 10,468,746 120,218 1,247,527 29,708 11,716,273 149,926 $ 10,638,347 $ 120,319 $ 1,683,594 $ 51,061 $ 12,321,941 $ 171,380 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 March 31, 2016, 18 securities had unrealized losses with an aggregate depreciation of 0.98% from the Company’s amortized cost basis. The Company does not consider these investments to be other than temporarily impaired at March 31, 2016 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 proceeds of $0.6 million from the sales of securities for the three months ended March 31, 2016 and proceeds of $5.6 million for the three months ended March 31, 2015. The sales during the three months ended March 31, 2016 resulted in gross realized gains of $96 and no realized losses. The sales during the three months ended March 31, 2015 resulted in gross realized gains of $21,630 and gross realized losses of $2,039, for net realized gains of $19,591. The tax provision applicable to the realized gains amounted to $38 and $7,605, respectively, for the three months ended March 31, 2016 and 2015.

Note 8 - Loans and Allowance fo

Note 8 - Loans and Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2016
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: March 31, December 31, 2016 2015 Mortgage loans: One-to-four family residential loans $ 99,223,438 $ 99,254,737 Multi-family residential loans 4,183,641 3,969,207 Total mortgage loans 103,407,079 103,223,944 Other loans: Non-residential real estate loans 20,491,126 20,177,322 Commercial loans 11,573,233 12,069,815 Consumer direct 1,989,695 1,651,371 Purchased auto 9,474,141 5,211,755 Total other loans 43,528,195 39,110,263 Gross loans 146,935,274 142,334,207 Less: Allowance for loan losses (2,191,844 ) (2,224,006 ) Loans, net $ 144,743,430 $ 140,110,201 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. March 31, December 31, 2016 2015 Mortgage loans: One-to-four family residential loans $ 20,308,604 $ 20,752,355 Multi-family residential loans 277,231 294,020 Total mortgage loans 20,585,835 21,046,375 Other loans: Non-residential real estate loans 2,652,108 2,685,987 Commercial loans 829,194 852,077 Consumer direct 415,551 541,174 Total other loans 3,896,853 4,079,238 Gross loans 24,482,688 25,125,613 Less: Allowance for loan losses (100,000 ) (85,000 ) Loans, net $ 24,382,688 $ 25,040,613 Purchases of loans receivable, segregated by class of loans, for the periods indicated were as follows: Three Months Ended March 31, 2016 2015 Purchased auto loans $ 5,007,392 $ - Net (charge-offs) / recoveries, segregated by class of loans, for the periods indicated were as follows: Three Months Ended March 31, 2016 2015 One-to-four family $ (151,015 ) $ 48,566 Multi-family 3,972 (352 ) Non-residential - - Commercial - - Consumer direct 1,727 (23,488 ) Purchased auto (6,846 ) (17,508 ) Net (charge-offs)/recoveries $ (152,162 ) $ 7,218 The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2016 and 2015: March 31, 2016 One-to-Four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Balance at beginning of period $ 1,727,582 $ 142,237 $ 198,340 $ 51,306 $ 37,187 $ 67,354 $ 2,224,006 Provision charged to income 26,052 15,940 7,910 (1,863 ) 12,683 59,278 120,000 Loans charged off (189,894 ) - - - - (8,680 ) (198,574 ) Recoveries of loans previously charged off 38,879 3,972 - - 1,727 1,834 46,412 Balance at end of period $ 1,602,619 $ 162,149 $ 206,250 $ 49,443 $ 51,597 $ 119,786 $ 2,191,844 March 31, 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 95,169 9,714 (16,925 ) 8,019 33,626 35,397 165,000 Loans charged off - (4,323 ) - - (25,025 ) (19,661 ) (49,009 ) Recoveries of loans previously charged off 48,566 3,971 - - 1,537 2,153 56,227 Balance at end of period $ 1,956,183 $ 131,280 $ 228,173 $ 43,966 $ 20,942 $ 106,281 $ 2,486,825 The following table presents the recorded investment in loans and the related allowances allocated by portfolio segment and based on impairment method as of March 31, 2016 and December 31, 2015: March 31, 2016 One-to-four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Loans individually evaluated for impairment $ 2,367,914 $ - $ 2,027,946 $ - $ - $ - $ 4,395,860 Loans acquired with deteriorated credit quality 526,435 - - - - - 526,435 Loans collectively evaluated for impairment 96,329,089 4,183,641 18,463,180 11,573,233 1,989,695 9,474,141 142,012,979 Ending Balance $ 99,223,438 $ 4,183,641 $ 20,491,126 $ 11,573,233 $ 1,989,695 $ 9,474,141 $ 146,935,274 Period-end amount allocated to: Loans individually evaluated for impairment $ 86,056 $ - $ 75,135 $ - $ - $ - $ 161,191 Loans acquired with deteriorated credit quality 32,685 - - - - - 32,685 Loans collectively evaluated for impairment 1,483,878 162,149 131,115 49,443 51,597 119,786 1,997,968 Balance at end of period $ 1,602,619 $ 162,149 $ 206,250 $ 49,443 $ 51,597 $ 119,786 $ 2,191,844 December 31, 2015 One-to-four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Loans individually evaluated for impairment $ 2,311,855 $ - $ 2,069,922 $ - $ - $ 3,069 $ 4,384,846 Loans acquired with deteriorated credit quality 575,605 - - - - - 575,605 Loans collectively evaluated for impairment 96,367,277 3,969,207 18,107,400 12,069,815 1,651,371 5,208,686 137,373,756 Ending Balance $ 99,254,737 $ 3,969,207 $ 20,177,322 $ 12,069,815 $ 1,651,371 $ 5,211,755 $ 142,334,207 Period-end amount allocated to: Loans individually evaluated for impairment $ 295,770 $ - $ 75,086 $ - $ - $ - $ 370,856 Loans acquired with deteriorated credit quality 15,828 - - - - - 15,828 Loans collectively evaluated for impairment 1,415,984 142,237 123,254 51,306 37,187 67,354 1,837,322 Balance at end of period $ 1,727,582 $ 142,237 $ 198,340 $ 51,306 $ 37,187 $ 67,354 $ 2,224,006 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 March 31, 2016 and December 31, 2015: March 31, 2016 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 $ 3,034,280 $ 1,691,312 $ 1,203,037 $ 2,894,349 $ 118,741 $ 3,019,955 Multi-family - - - - - - Non-residential 2,027,946 363,985 1,663,961 2,027,946 75,135 1,950,103 Commercial - - - - - - Consumer direct - - - - - - Purchased auto - - - - - 2,046 $ 5,062,226 $ 2,055,297 $ 2,866,998 $ 4,922,295 $ 193,876 $ 4,972,104 December 31, 2015 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 $ 3,014,703 $ 1,902,819 $ 984,641 $ 2,887,460 $ 311,598 $ 3,596,800 Multi-family - - - - - - Non-residential 2,069,922 389,961 1,679,961 2,069,922 75,086 2,114,684 Commercial - - - - - 21,789 Consumer direct - - - - - 3,464 Purchased auto 3,069 3,069 - 3,069 - 6,574 $ 5,087,694 $ 2,295,849 $ 2,664,602 $ 4,960,451 $ 386,684 $ 5,743,311 For the three months ended March 31, 2016 and 2015, the Company recognized no accrued or cash basis interest income on impaired loans. At March 31, 2016, there were 33 impaired loans totaling approximately $4.9 million, compared to 34 impaired loans totaling approximately $5.0 million at December 31, 2015. The change in impaired loans was a result of writing down and moving two impaired loans totaling approximately $0.1 million to OREO, the pay-off, charge-off, or restructure of four impaired loans totaling approximately $0.1 million, upgrading and returning one loan of approximately $0.1 million to accrual status, and payments of approximately $0.1 million, offset by the addition of four loans totaling approximately $0.4 million to the impaired loan list. 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 March 31, 2016 included $2.5 million of loans whose terms have been modified in troubled debt restructurings, compared to $2.6 million at December 31, 2015. The amount of TDR loans included in impaired loans decreased slightly as a result principal payments and as a result of moving one TDR of approximately $0.1 million to OREO, off-set by an increase due to the restructure of two impaired loans totaling approximately $0.1 million. 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 TDRs during the three months ended March 31, 2016 and 2015, segregated by class, are shown in the tables below. Three Months Ended Three Months Ended March 31, 2016 March 31, 2015 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 2 $ 82,400 $ - - $ - $ - Multi-family - - - - - - Non-residential - - - - - - Commercial - - - - - - Consumer direct - - - - - - Purchased auto - - - - - - 2 $ 82,400 $ - - $ - $ - There were no TDR loans that were restructured during the twelve months prior to March 31, 2016 and 2015 that had payment defaults (i.e., 60 days or more past due following a modification), during the three months ended March 31, 2016 and 2015. 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 March 31, 2016 and December 31, 2015: March 31, 2016 Nonaccrual Loans Past Due Over 90 Days Still Accruing One-to-four family $ 2,987,761 $ - Multi-family - - Non-residential 2,027,946 - Commercial - - Consumer direct - - Purchased auto - - $ 5,015,707 $ - December 31, 2015 Nonaccrual Loans Past Due Over 90 Days Still Accruing One-to-four family $ 2,982,386 $ - Multi-family - - Non-residential 2,069,922 - Commercial - - Consumer direct - - Purchased auto 3,069 - $ 5,055,377 $ - The following table presents the aging of the recorded investment in loans, by class of loans, as of March 31, 2016 and December 31, 2015: March 31, 2016 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 $ 908,111 $ 1,084,774 $ 513,714 $ 2,506,599 $ 96,716,839 $ 99,223,438 Multi-family - - - - 4,183,641 4,183,641 Non-residential 267,271 - - 267,271 20,223,855 20,491,126 Commercial - - - - 11,573,233 11,573,233 Consumer direct 10,838 - - 10,838 1,978,857 1,989,695 Purchased auto - - - - 9,474,141 9,474,141 $ 1,186,220 $ 1,084,774 $ 513,714 $ 2,784,708 $ 144,150,566 $ 146,935,274 December 31, 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 $ 1,251,155 $ 753,597 $ 737,042 $ 2,741,794 $ 96,512,943 $ 99,254,737 Multi-family 31,274 - - 31,274 3,937,933 3,969,207 Non-residential 847,216 112,739 18,127 978,082 19,199,240 20,177,322 Commercial 9,086 - - 9,086 12,060,729 12,069,815 Consumer direct 4,814 - - 4,814 1,646,557 1,651,371 Purchased auto 2,391 - 3,069 5,460 5,206,295 5,211,755 $ 2,145,936 $ 866,336 $ 758,238 $ 3,770,510 $ 138,563,697 $ 142,334,207 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. Generally, when residential real estate loans, multi-family and consumer direct loans become over 90 days past due, they are classified as substandard. Periodically, based on subsequent performance over 6-12 months, these loans could be upgraded to special mention. 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 March 31, 2016 and December 31, 2015, the risk category of loans by class is as follows: March 31, 2016 Pass Special Mention Substandard Doubtful Not Rated One-to-four family $ - $ 1,116,880 $ 2,894,349 $ - $ 95,212,209 Multi-family - - - - 4,183,641 Non-residential 18,440,434 22,746 2,027,946 - - Commercial 11,573,233 - - - - Consumer direct - - - - 1,989,695 Purchased auto - - - - 9,474,141 Total $ 30,013,667 $ 1,139,626 $ 4,922,295 $ - $ 110,859,686 December 31, 2015 Pass Special Mention Substandard Doubtful Not Rated One-to-four family $ - $ 692,601 $ 2,887,460 $ - $ 95,674,676 Multi-family - - - - 3,969,207 Non-residential 18,083,194 24,206 2,069,922 - - Commercial 12,069,815 - - - - Consumer direct - - - - 1,651,371 Purchased auto - - 3,069 - 5,208,686 Total $ 30,153,009 $ 716,807 $ 4,960,451 $ - $ 106,503,940 At March 31, 2016, the Company held approximately $319,000 of foreclosed residential real estate property, compared to approximately $313,000 at December 31, 2015. In addition, the Company also held approximately $290,000 and $234,000, in consumer mortgage loans collateralized by residential real estate properties that were in the process of foreclosure at March 31, 2016 and December 31, 2015, respectively.

Note 9 - Stock Compensation

Note 9 - Stock Compensation	3 Months Ended
	Mar. 31, 2016
Disclosure Text Block Supplement [Abstract]
Shareholders' Equity and Share-based Payments [Text Block]	NOTE 9 – STOCK COMPENSATION Total stock-based compensation expense was approximately $3,000 and $5,000 for the three month periods ended March 31, 2016 and 2015, respectively. In accordance with FASB ASC 718, Compensation-Stock Compensation,

Note 10 - Recent Accounting Dev

Note 10 - Recent Accounting Developments	3 Months Ended
	Mar. 31, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 10 – RECENT ACCOUNTING DEVELOPMENTS In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. ASU 2014-09 implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as) the entity satisfies a performance obligation. ASU 2014-09 is effective on January 1, 2018 and is not expected to have a significant impact on the Company’s financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842)

Note 11 - Fair Values Measureme

Note 11 - Fair Values Measurements and Disclosures	3 Months Ended
	Mar. 31, 2016
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 three months ended March 31, 2016 and the year ended December 31, 2015. 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 March 31, 2016 and December 31, 2015. Total March 31, 2016 Level 1 Level 2 Level 3 Fair Value State and municipal securities available for sale $ - $ 19,155,153 $ - $ 19,155,153 Residential mortgage-backed securities available for sale - 29,289,754 - 29,289,754 $ - $ 48,444,907 $ - $ 48,444,907 December 31, 2015 Level 1 Level 2 Level 3 Fair Value State and municipal securities available for sale $ - $ 19,237,208 $ - $ 19,237,208 Residential mortgage-backed securities available for sale - 27,747,699 - 27,747,699 $ - $ 46,984,907 $ - $ 46,984,907 The tables below present the recorded amount of assets measured at fair value on a non-recurring basis at March 31, 2016 and December 31, 2015. Total March 31, 2016 Level 1 Level 2 Level 3 Fair Value Foreclosed assets $ - $ - $ 322,170 $ 322,170 Impaired loans, net - - 2,673,122 2,673,122 Total December 31, 2015 Level 1 Level 2 Level 3 Fair Value Foreclosed assets $ - $ - $ 330,245 $ 330,245 Impaired loans, net - - 2,277,918 2,277,918 In accordance with accounting pronouncements, the carrying value and estimated fair value of the Company’s financial instruments as of March 31, 2016 and December 31, 2015 are as follows: Fair Value Measurements at Carrying March 31, 2016 using: Amount Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 4,160,642 $ 4,160,642 $ - $ - $ 4,160,642 Time deposits 250,000 250,000 - - 250,000 Federal funds sold 949,000 949,000 - - 949,000 Securities 49,803,028 - 48,444,907 1,358,121 49,803,028 Accrued interest receivable 801,846 801,846 - - 801,846 Net loans 144,743,430 - - 146,509,000 146,509,000 Loans held for sale 100,000 100,000 - - 100,000 Mortgage servicing rights 288,057 - - 288,057 288,057 Financial Liabilities: Non-interest bearing deposits 11,084,694 11,084,694 - - 11,084,694 Interest bearing deposits 169,090,829 - - 164,206,306 164,206,306 Accrued interest payable 1,902 1,902 - - 1,902 FHLB advances 1,138,422 - 1,138,422 - 1,138,422 Carrying December 31, 2015 using: Amount Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 7,135,719 $ 7,135,719 $ - $ - $ 7,135,719 Time deposits 250,000 250,000 - - 250,000 Federal funds sold 1,604,000 1,604,000 - - 1,604,000 Securities 48,343,028 - 46,984,907 1,358,121 48,343,028 Accrued interest receivable 775,641 775,641 - - 775,641 Net loans 140,110,201 - - 141,665,000 141,665,000 Loans held for sale - - - - - Mortgage servicing rights 285,927 - - 285,927 285,927 Financial Liabilities: Non-interest bearing deposits 10,325,832 10,325,832 - - 10,325,832 Interest bearing deposits 166,409,076 - - 161,173,168 161,173,168 Accrued interest payable 394 394 - - 394 FHLB advances 2,139,117 - 2,139,117 - 5,483,036 The following methods and assumptions were used by the Bank in estimating the fair value of financial instruments: Cash and c ash e quivalents: Time deposits : Federal f unds s old: Securities: Loans: Loans held for sale : Accrued i nterest r eceivable and p ayable: Mortgage s ervicing r ights: Deposits: FHLB a dvances: Loan c ommitments: 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	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	NOTE 1 2 – ACQUISITION On December 31, 2014, the Company completed its previously announced merger with Twin Oaks. Pursuant to the terms and conditions of the Agreement and Plan of Merger, dated as of June 30, 2014, Twin Oaks merged with and into the Bank. 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 determined by an independent appraiser of Twin Oaks of $7.125 million. 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. Total merger related costs included in other noninterest expenses in the consolidated statement of operations for the three months ended March 31, 2015 were approximately $243,000. The merger related costs are primarily related to the merger of the core processing systems. Based on the merger 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 merger primarily consists of the economies of scale expected from combining operations. Total loans acquired in the merger 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 merger 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 three months ended March 31, 2016 and 2015: Three Months Ended March 31, 2016 2015 Balance, beginning of year $ 575,605 $ 1,323,648 Payment activity (31,852 ) (38,582 ) Charge-offs - (15,959 ) Recoveries - - Transfer to OREO (44,417 ) - Accretion to income 27,099 4,344 $ 526,435 $ 1,273,451 The contractual amount outstanding for the loans acquired with deteriorated credit quality totaled $1,167,000 and $1,208,000 as of March 31, 2016 and December 31, 2015, respectively. The following table reflects activity in the accretable yield for the loans acquired with deteriorated credit quality for the three months ended March 31, 2016 and 2015: Three Months Ended March 31, 2016 2015 Balance, beginning of year $ 175,342 $ 362,000 Net reclassification from non-accretable yield 8,868 - Accretion into interest income (27,099 ) (4,344 ) Disposals - - $ 157,111 $ 357,656

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for Loan Losses A loan is considered impaired when, based on current information and events, it is probable that we will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent.

Note 5 - Earnings Per Share (Ta

Note 5 - Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31, 2016 2015 Net income available to common stockholders $ 258,906 $ 143,664 Basic potential common shares: Weighted average shares outstanding 2,894,123 2,894,123 Weighted average unallocated ESOP shares (19,912 ) (25,000 ) Weighted average unvested MRP shares (1,047 ) (2,795 ) Basic weighted average shares outstanding 2,873,164 2,866,328 Dilutive potential common shares: Weighted average unrecognized compensation on MRP shares 919 2,338 Weighted average RRP options outstanding 7,752 7,660 Dilutive weighted average shares outstanding 2,881,835 2,876,326 Basic earnings per share $ 0.09 $ 0.05 Diluted earnings per share $ 0.09 $ 0.05

Note 6 - Employee Stock Owner21

Note 6 - Employee Stock Ownership Plan (Tables)	3 Months Ended
	Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]	March 31, December 31, 2016 2015 Shares allocated 57,236 55,964 Shares withdrawn from the plan (18,497 ) (18,497 ) Unallocated shares 19,078 20,350 Total ESOP shares 57,817 57,817 Fair value of unallocated shares $ 207,950 $ 204,518

Note 7 - Investment Securities

Note 7 - Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016: Available for Sale State and municipal securities $ 18,582,161 $ 574,479 $ 1,487 $ 19,155,153 Residential mortgage-backed securities 28,979,926 414,918 105,090 29,289,754 $ 47,562,087 $ 989,397 $ 106,577 $ 48,444,907 December 31, 2015: Available for Sale State and municipal securities $ 18,733,573 $ 525,089 $ 21,454 $ 19,237,208 Residential mortgage-backed securities 27,532,067 365,558 149,926 27,747,699 $ 46,265,640 $ 890,647 $ 171,380 $ 46,984,907
Investments Classified by Contractual Maturity Date [Table Text Block]	Securities Available for Sale Amortized Fair Cost Value Due in three months or less $ - $ - Due after three months through one year 35,628 36,029 Due after one year through five years 2,086,238 2,148,217 Due after five years through ten years 7,200,706 7,425,262 Due after ten years 9,259,589 9,545,645 Residential mortgage-backed securities 28,979,926 29,289,754 $ 47,562,087 $ 48,444,907
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 March 31, 2016 Securities Available for Sale State and municipal securities $ 898,342 $ 1,487 $ - $ - $ 898,342 $ 1,487 Residential mortgage-backed securities 6,637,334 64,876 3,288,403 40,214 9,925,737 105,090 $ 7,535,676 $ 66,363 $ 3,288,403 $ 40,214 $ 10,824,079 $ 106,577 December 31, 2015 Securities Available for Sale State and municipal securities $ 169,601 $ 101 $ 436,067 $ 21,353 $ 605,668 $ 21,454 Residential mortgage-backed securities 10,468,746 120,218 1,247,527 29,708 11,716,273 149,926 $ 10,638,347 $ 120,319 $ 1,683,594 $ 51,061 $ 12,321,941 $ 171,380

Note 8 - Loans and Allowance 23

Note 8 - Loans and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	March 31, December 31, 2016 2015 Mortgage loans: One-to-four family residential loans $ 99,223,438 $ 99,254,737 Multi-family residential loans 4,183,641 3,969,207 Total mortgage loans 103,407,079 103,223,944 Other loans: Non-residential real estate loans 20,491,126 20,177,322 Commercial loans 11,573,233 12,069,815 Consumer direct 1,989,695 1,651,371 Purchased auto 9,474,141 5,211,755 Total other loans 43,528,195 39,110,263 Gross loans 146,935,274 142,334,207 Less: Allowance for loan losses (2,191,844 ) (2,224,006 ) Loans, net $ 144,743,430 $ 140,110,201
Schedule of Loans Acquired in Merger [Table Text Block]	March 31, December 31, 2016 2015 Mortgage loans: One-to-four family residential loans $ 20,308,604 $ 20,752,355 Multi-family residential loans 277,231 294,020 Total mortgage loans 20,585,835 21,046,375 Other loans: Non-residential real estate loans 2,652,108 2,685,987 Commercial loans 829,194 852,077 Consumer direct 415,551 541,174 Total other loans 3,896,853 4,079,238 Gross loans 24,482,688 25,125,613 Less: Allowance for loan losses (100,000 ) (85,000 ) Loans, net $ 24,382,688 $ 25,040,613
Schedule of Loans Purchased [Table Text Block]	Three Months Ended March 31, 2016 2015 Purchased auto loans $ 5,007,392 $ -
Schedule of Credit Losses for Financing Receivables, Current [Table Text Block]	Three Months Ended March 31, 2016 2015 One-to-four family $ (151,015 ) $ 48,566 Multi-family 3,972 (352 ) Non-residential - - Commercial - - Consumer direct 1,727 (23,488 ) Purchased auto (6,846 ) (17,508 ) Net (charge-offs)/recoveries $ (152,162 ) $ 7,218
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]	March 31, 2016 One-to-Four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Balance at beginning of period $ 1,727,582 $ 142,237 $ 198,340 $ 51,306 $ 37,187 $ 67,354 $ 2,224,006 Provision charged to income 26,052 15,940 7,910 (1,863 ) 12,683 59,278 120,000 Loans charged off (189,894 ) - - - - (8,680 ) (198,574 ) Recoveries of loans previously charged off 38,879 3,972 - - 1,727 1,834 46,412 Balance at end of period $ 1,602,619 $ 162,149 $ 206,250 $ 49,443 $ 51,597 $ 119,786 $ 2,191,844 March 31, 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 95,169 9,714 (16,925 ) 8,019 33,626 35,397 165,000 Loans charged off - (4,323 ) - - (25,025 ) (19,661 ) (49,009 ) Recoveries of loans previously charged off 48,566 3,971 - - 1,537 2,153 56,227 Balance at end of period $ 1,956,183 $ 131,280 $ 228,173 $ 43,966 $ 20,942 $ 106,281 $ 2,486,825 March 31, 2016 One-to-four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Loans individually evaluated for impairment $ 2,367,914 $ - $ 2,027,946 $ - $ - $ - $ 4,395,860 Loans acquired with deteriorated credit quality 526,435 - - - - - 526,435 Loans collectively evaluated for impairment 96,329,089 4,183,641 18,463,180 11,573,233 1,989,695 9,474,141 142,012,979 Ending Balance $ 99,223,438 $ 4,183,641 $ 20,491,126 $ 11,573,233 $ 1,989,695 $ 9,474,141 $ 146,935,274 Period-end amount allocated to: Loans individually evaluated for impairment $ 86,056 $ - $ 75,135 $ - $ - $ - $ 161,191 Loans acquired with deteriorated credit quality 32,685 - - - - - 32,685 Loans collectively evaluated for impairment 1,483,878 162,149 131,115 49,443 51,597 119,786 1,997,968 Balance at end of period $ 1,602,619 $ 162,149 $ 206,250 $ 49,443 $ 51,597 $ 119,786 $ 2,191,844 December 31, 2015 One-to-four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Loans individually evaluated for impairment $ 2,311,855 $ - $ 2,069,922 $ - $ - $ 3,069 $ 4,384,846 Loans acquired with deteriorated credit quality 575,605 - - - - - 575,605 Loans collectively evaluated for impairment 96,367,277 3,969,207 18,107,400 12,069,815 1,651,371 5,208,686 137,373,756 Ending Balance $ 99,254,737 $ 3,969,207 $ 20,177,322 $ 12,069,815 $ 1,651,371 $ 5,211,755 $ 142,334,207 Period-end amount allocated to: Loans individually evaluated for impairment $ 295,770 $ - $ 75,086 $ - $ - $ - $ 370,856 Loans acquired with deteriorated credit quality 15,828 - - - - - 15,828 Loans collectively evaluated for impairment 1,415,984 142,237 123,254 51,306 37,187 67,354 1,837,322 Balance at end of period $ 1,727,582 $ 142,237 $ 198,340 $ 51,306 $ 37,187 $ 67,354 $ 2,224,006
Impaired Financing Receivables [Table Text Block]	March 31, 2016 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 $ 3,034,280 $ 1,691,312 $ 1,203,037 $ 2,894,349 $ 118,741 $ 3,019,955 Multi-family - - - - - - Non-residential 2,027,946 363,985 1,663,961 2,027,946 75,135 1,950,103 Commercial - - - - - - Consumer direct - - - - - - Purchased auto - - - - - 2,046 $ 5,062,226 $ 2,055,297 $ 2,866,998 $ 4,922,295 $ 193,876 $ 4,972,104 December 31, 2015 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 $ 3,014,703 $ 1,902,819 $ 984,641 $ 2,887,460 $ 311,598 $ 3,596,800 Multi-family - - - - - - Non-residential 2,069,922 389,961 1,679,961 2,069,922 75,086 2,114,684 Commercial - - - - - 21,789 Consumer direct - - - - - 3,464 Purchased auto 3,069 3,069 - 3,069 - 6,574 $ 5,087,694 $ 2,295,849 $ 2,664,602 $ 4,960,451 $ 386,684 $ 5,743,311
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	Three Months Ended Three Months Ended March 31, 2016 March 31, 2015 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 2 $ 82,400 $ - - $ - $ - Multi-family - - - - - - Non-residential - - - - - - Commercial - - - - - - Consumer direct - - - - - - Purchased auto - - - - - - 2 $ 82,400 $ - - $ - $ -
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	March 31, 2016 Nonaccrual Loans Past Due Over 90 Days Still Accruing One-to-four family $ 2,987,761 $ - Multi-family - - Non-residential 2,027,946 - Commercial - - Consumer direct - - Purchased auto - - $ 5,015,707 $ - December 31, 2015 Nonaccrual Loans Past Due Over 90 Days Still Accruing One-to-four family $ 2,982,386 $ - Multi-family - - Non-residential 2,069,922 - Commercial - - Consumer direct - - Purchased auto 3,069 - $ 5,055,377 $ -
Past Due Financing Receivables [Table Text Block]	March 31, 2016 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 $ 908,111 $ 1,084,774 $ 513,714 $ 2,506,599 $ 96,716,839 $ 99,223,438 Multi-family - - - - 4,183,641 4,183,641 Non-residential 267,271 - - 267,271 20,223,855 20,491,126 Commercial - - - - 11,573,233 11,573,233 Consumer direct 10,838 - - 10,838 1,978,857 1,989,695 Purchased auto - - - - 9,474,141 9,474,141 $ 1,186,220 $ 1,084,774 $ 513,714 $ 2,784,708 $ 144,150,566 $ 146,935,274 December 31, 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 $ 1,251,155 $ 753,597 $ 737,042 $ 2,741,794 $ 96,512,943 $ 99,254,737 Multi-family 31,274 - - 31,274 3,937,933 3,969,207 Non-residential 847,216 112,739 18,127 978,082 19,199,240 20,177,322 Commercial 9,086 - - 9,086 12,060,729 12,069,815 Consumer direct 4,814 - - 4,814 1,646,557 1,651,371 Purchased auto 2,391 - 3,069 5,460 5,206,295 5,211,755 $ 2,145,936 $ 866,336 $ 758,238 $ 3,770,510 $ 138,563,697 $ 142,334,207
Financing Receivable Credit Quality Indicators [Table Text Block]	March 31, 2016 Pass Special Mention Substandard Doubtful Not Rated One-to-four family $ - $ 1,116,880 $ 2,894,349 $ - $ 95,212,209 Multi-family - - - - 4,183,641 Non-residential 18,440,434 22,746 2,027,946 - - Commercial 11,573,233 - - - - Consumer direct - - - - 1,989,695 Purchased auto - - - - 9,474,141 Total $ 30,013,667 $ 1,139,626 $ 4,922,295 $ - $ 110,859,686 December 31, 2015 Pass Special Mention Substandard Doubtful Not Rated One-to-four family $ - $ 692,601 $ 2,887,460 $ - $ 95,674,676 Multi-family - - - - 3,969,207 Non-residential 18,083,194 24,206 2,069,922 - - Commercial 12,069,815 - - - - Consumer direct - - - - 1,651,371 Purchased auto - - 3,069 - 5,208,686 Total $ 30,153,009 $ 716,807 $ 4,960,451 $ - $ 106,503,940

Note 11 - Fair Values Measure24

Note 11 - Fair Values Measurements and Disclosures (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure Text Block [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Total March 31, 2016 Level 1 Level 2 Level 3 Fair Value State and municipal securities available for sale $ - $ 19,155,153 $ - $ 19,155,153 Residential mortgage-backed securities available for sale - 29,289,754 - 29,289,754 $ - $ 48,444,907 $ - $ 48,444,907 December 31, 2015 Level 1 Level 2 Level 3 Fair Value State and municipal securities available for sale $ - $ 19,237,208 $ - $ 19,237,208 Residential mortgage-backed securities available for sale - 27,747,699 - 27,747,699 $ - $ 46,984,907 $ - $ 46,984,907
Fair Value Measurements, Nonrecurring [Table Text Block]	Total March 31, 2016 Level 1 Level 2 Level 3 Fair Value Foreclosed assets $ - $ - $ 322,170 $ 322,170 Impaired loans, net - - 2,673,122 2,673,122 Total December 31, 2015 Level 1 Level 2 Level 3 Fair Value Foreclosed assets $ - $ - $ 330,245 $ 330,245 Impaired loans, net - - 2,277,918 2,277,918
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements at Carrying March 31, 2016 using: Amount Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 4,160,642 $ 4,160,642 $ - $ - $ 4,160,642 Time deposits 250,000 250,000 - - 250,000 Federal funds sold 949,000 949,000 - - 949,000 Securities 49,803,028 - 48,444,907 1,358,121 49,803,028 Accrued interest receivable 801,846 801,846 - - 801,846 Net loans 144,743,430 - - 146,509,000 146,509,000 Loans held for sale 100,000 100,000 - - 100,000 Mortgage servicing rights 288,057 - - 288,057 288,057 Financial Liabilities: Non-interest bearing deposits 11,084,694 11,084,694 - - 11,084,694 Interest bearing deposits 169,090,829 - - 164,206,306 164,206,306 Accrued interest payable 1,902 1,902 - - 1,902 FHLB advances 1,138,422 - 1,138,422 - 1,138,422 Carrying December 31, 2015 using: Amount Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 7,135,719 $ 7,135,719 $ - $ - $ 7,135,719 Time deposits 250,000 250,000 - - 250,000 Federal funds sold 1,604,000 1,604,000 - - 1,604,000 Securities 48,343,028 - 46,984,907 1,358,121 48,343,028 Accrued interest receivable 775,641 775,641 - - 775,641 Net loans 140,110,201 - - 141,665,000 141,665,000 Loans held for sale - - - - - Mortgage servicing rights 285,927 - - 285,927 285,927 Financial Liabilities: Non-interest bearing deposits 10,325,832 10,325,832 - - 10,325,832 Interest bearing deposits 166,409,076 - - 161,173,168 161,173,168 Accrued interest payable 394 394 - - 394 FHLB advances 2,139,117 - 2,139,117 - 5,483,036

Note 12 - Acquisition (Tables)

Note 12 - Acquisition (Tables)	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block]	Three Months Ended March 31, 2016 2015 Balance, beginning of year $ 575,605 $ 1,323,648 Payment activity (31,852 ) (38,582 ) Charge-offs - (15,959 ) Recoveries - - Transfer to OREO (44,417 ) - Accretion to income 27,099 4,344 $ 526,435 $ 1,273,451
Certain Loans Acquired in Transfer, Accretable Yield [Table Text Block]	Three Months Ended March 31, 2016 2015 Balance, beginning of year $ 175,342 $ 362,000 Net reclassification from non-accretable yield 8,868 - Accretion into interest income (27,099 ) (4,344 ) Disposals - - $ 157,111 $ 357,656

Note 1 - Nature of Business (De

Note 1 - Nature of Business (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2005	Mar. 31, 2016	Dec. 31, 2015	Dec. 30, 2014
Note 1 - Nature of Business (Details) [Line Items]
Assets (in Dollars)			$ 216,565,143	$ 213,563,351
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
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%

Note 5 - Earnings Per Share (De

Note 5 - Earnings Per Share (Details) - Earnings Per Share - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Note 5 - Earnings Per Share (Details) - Earnings Per Share [Line Items]
Net income available to common stockholders (in Dollars)	$ 258,906	$ 143,664
Basic potential common shares:
Weighted average shares outstanding	2,894,123	2,894,123
Weighted average unallocated ESOP shares	(19,912)	(25,000)
Weighted average unvested MRP shares	(1,047)	(2,795)
Basic weighted average shares outstanding	2,873,164	2,866,328
Dilutive potential common shares:
Dilutive weighted average shares outstanding	2,881,835	2,876,326
Basic earnings per share (in Dollars per share)	$ 0.09	$ 0.05
Diluted earnings per share (in Dollars per share)	$ 0.09	$ 0.05
Management Recognition Plan [Member]
Dilutive potential common shares:
Dilutive potential common shares	919	2,338
Recogniztion and Retention Plan [Member]
Dilutive potential common shares:
Dilutive potential common shares	7,752	7,660

Note 6 - Employee Stock Owner28

Note 6 - Employee Stock Ownership Plan (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	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	57,817	57,817	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	57,236	55,964
Mezzanine Capital [Member]
Note 6 - Employee Stock Ownership Plan (Details) [Line Items]
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares	38,739
Fair Value Per Share	$ 10.90

Note 6 - Employee Stock Owner29

Note 6 - Employee Stock Ownership Plan (Details) - Employee Stock Ownership Plan - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Jul. 11, 2005
Employee Stock Ownership Plan [Abstract]
Shares allocated	57,236	55,964
Shares withdrawn from the plan	(18,497)	(18,497)
Unallocated shares (in Dollars)	$ 19,078	$ 20,350
Total ESOP shares	57,817	57,817	76,314
Fair value of unallocated shares (in Dollars)	$ 207,950	$ 204,518

Note 7 - Investment Securitie30

Note 7 - Investment Securities (Details)	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)
Investments, Debt and Equity Securities [Abstract]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	18
Aggregate Percentage Loss on Securities With Unrealized Loss Position	0.98%
Other than Temporary Impairment Losses, Investments	$ 0
Proceeds from Sale of Available-for-sale Securities	600,000	$ 5,600,000
Available-for-sale Securities, Gross Realized Gains	96	21,630
Available-for-sale Securities, Gross Realized Losses	0	2,039
Available-for-sale Securities, Gross Realized Gain (Loss)		19,591
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax	$ 38	$ 7,605

Note 7 - Investment Securitie31

Note 7 - Investment Securities (Details) - The Amortized Cost and Fair Values of Securities - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Available for Sale
Available for Sale - Amortized Cost	$ 47,562,087	$ 46,265,640
Available for Sale - Gross Unrealized Gains	989,397	890,647
Available for Sale - Gross Unrealized Losses	106,577	171,380
Available for Sale - Fair Value	48,444,907	46,984,907
US States and Political Subdivisions Debt Securities [Member]
Available for Sale
Available for Sale - Amortized Cost	18,582,161	18,733,573
Available for Sale - Gross Unrealized Gains	574,479	525,089
Available for Sale - Gross Unrealized Losses	1,487	21,454
Available for Sale - Fair Value	19,155,153	19,237,208
Residential Mortgage Backed Securities [Member]
Available for Sale
Available for Sale - Amortized Cost	28,979,926	27,532,067
Available for Sale - Gross Unrealized Gains	414,918	365,558
Available for Sale - Gross Unrealized Losses	105,090	149,926
Available for Sale - Fair Value	$ 29,289,754	$ 27,747,699

Note 7 - Investment Securitie32

Note 7 - Investment Securities (Details) - The Amortized Cost and Fair Value by Contractual Maturity - USD ($)	Mar. 31, 2016	Dec. 31, 2015
The Amortized Cost and Fair Value by Contractual Maturity [Abstract]
Due in three months or less	$ 0
Due in three months or less	0
Due after three months through one year	35,628
Due after three months through one year	36,029
Due after one year through five years	2,086,238
Due after one year through five years	2,148,217
Due after five years through ten years	7,200,706
Due after five years through ten years	7,425,262
Due after ten years	9,259,589
Due after ten years	9,545,645
Residential mortgage-backed securities	28,979,926
Residential mortgage-backed securities	29,289,754
	47,562,087
	$ 48,444,907	$ 46,984,907

Note 7 - Investment Securitie33

Note 7 - Investment Securities (Details) - Securities with Gross Unrealized Losses - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Securities Available for Sale
Available for Sale Securities - Unrealized Loss Position Less than 12 Months Fair Value	$ 7,535,676	$ 10,638,347
Available for Sale Securities - Unrealized Loss Position Less than 12 Months Unrealized Losses	66,363	120,319
Available for Sale Securities - Unrealized Loss Position 12 Months or More Fair Value	3,288,403	1,683,594
Available for Sale Securities - Unrealized Loss Position 12 Months or More Unrealized Losses	40,214	51,061
Available for Sale Securities - Unrealized Loss Position Fair Value	10,824,079	12,321,941
Available for Sale Securities - Unrealized Loss Position Unrealized Losses	106,577	171,380
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	898,342	169,601
Available for Sale Securities - Unrealized Loss Position Less than 12 Months Unrealized Losses	1,487	101
Available for Sale Securities - Unrealized Loss Position 12 Months or More Fair Value	0	436,067
Available for Sale Securities - Unrealized Loss Position 12 Months or More Unrealized Losses	0	21,353
Available for Sale Securities - Unrealized Loss Position Fair Value	898,342	605,668
Available for Sale Securities - Unrealized Loss Position Unrealized Losses	1,487	21,454
Residential Mortgage Backed Securities [Member]
Securities Available for Sale
Available for Sale Securities - Unrealized Loss Position Less than 12 Months Fair Value	6,637,334	10,468,746
Available for Sale Securities - Unrealized Loss Position Less than 12 Months Unrealized Losses	64,876	120,218
Available for Sale Securities - Unrealized Loss Position 12 Months or More Fair Value	3,288,403	1,247,527
Available for Sale Securities - Unrealized Loss Position 12 Months or More Unrealized Losses	40,214	29,708
Available for Sale Securities - Unrealized Loss Position Fair Value	9,925,737	11,716,273
Available for Sale Securities - Unrealized Loss Position Unrealized Losses	$ 105,090	$ 149,926

Note 8 - Loans and Allowance 34

Note 8 - Loans and Allowance for Credit Losses (Details)	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Note 8 - Loans and Allowance for Credit Losses (Details) [Line Items]
Impaired Financing Receivable, Interest Income, Accrual Method	$ 0	$ 0
Impaired Financing Receivable, Interest Income, Cash Basis Method	$ 0	$ 0
Number of Impaired Loans	33		34
Impaired Financing Receivable, Recorded Investment	$ 4,922,295		$ 4,960,451
Impaired Loans Additions Number	4
Impaired Loans Additions Value	$ 400,000
Financing Receivable, Modifications, Number of Contracts	2
Financing Receivable, Modifications, Recorded Investment	$ 82,400
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Real Estate Acquired Through Foreclosure	$ 318,670		313,368
Mortgage Loans in Process of Foreclosure, Amount	$ 290,000		234,000
Written Down and Moved to OREO [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) [Line Items]
Number of Impaired Loans	2
Real Estate Owned, Transfer to Real Estate Owned	$ 100,000
Paid Off or Charged Off [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) [Line Items]
Number of Impaired Loans	4
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down	$ 100,000
Returned to Accrual Status [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) [Line Items]
Number of Impaired Loans	1
Impaired Financing Receivable, Recorded Investment	$ 100,000
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	2,500,000		2,600,000
Real Estate Owned, Transfer to Real Estate Owned	$ 100,000
Increase Due to Restructure [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) [Line Items]
Financing Receivable, Modifications, Number of Contracts	2
Financing Receivable, Modifications, Recorded Investment	$ 100,000
Residential Portfolio Segment [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) [Line Items]
Real Estate Acquired Through Foreclosure	$ 319,000		$ 313,000

Note 8 - Loans and Allowance 35

Note 8 - Loans and Allowance for Credit Losses (Details) - Components of Loans, Net of Deferred Loan Costs (Fees) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Mortgage loans:
Gross loans	$ 146,935,274	$ 142,334,207
Less: Allowance for loan losses	(2,191,844)	(2,224,006)	$ (2,486,825)	$ (2,314,607)
Loans, net	144,743,430	140,110,201
Residential Portfolio Segment [Member]
Mortgage loans:
Gross loans	103,407,079	103,223,944
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member]
Mortgage loans:
Gross loans	99,223,438	99,254,737
Less: Allowance for loan losses	(1,602,619)	(1,727,582)	(1,956,183)	(1,812,448)
Residential Portfolio Segment [Member] | Multi-Family Loans [Member]
Mortgage loans:
Gross loans	4,183,641	3,969,207
Less: Allowance for loan losses	(162,149)	(142,237)	(131,280)	(121,918)
Non-residential Real Estate Portfolio Segment [Member]
Mortgage loans:
Gross loans	20,491,126	20,177,322
Less: Allowance for loan losses	(206,250)	(198,340)	(228,173)	(245,098)
Commercial Portfolio Segment [Member]
Mortgage loans:
Gross loans	11,573,233	12,069,815
Less: Allowance for loan losses	(49,443)	(51,306)	(43,966)	(35,947)
Consumer Portfolio Segment [Member]
Mortgage loans:
Gross loans	1,989,695	1,651,371
Less: Allowance for loan losses	(51,597)	(37,187)	(20,942)	(10,804)
Purchased Auto Loans [Member]
Mortgage loans:
Gross loans	9,474,141	5,211,755
Less: Allowance for loan losses	(119,786)	(67,354)	$ (106,281)	$ (88,392)
Non-Mortgage Loans [Member]
Mortgage loans:
Gross loans	$ 43,528,195	$ 39,110,263

Note 8 - Loans and Allowance 36

Note 8 - Loans and Allowance for Credit Losses (Details) - Carrying Amount of Loans Acquired in Twin Oaks Merger - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Mortgage loans:
Gross loans	$ 146,935,274	$ 142,334,207
Less: Allowance for loan losses	(2,191,844)	(2,224,006)	$ (2,486,825)	$ (2,314,607)
Loans, net	144,743,430	140,110,201
Twin Oaks [Member]
Mortgage loans:
Gross loans	24,482,688	25,125,613
Less: Allowance for loan losses	(100,000)	(85,000)
Loans, net	24,382,688	25,040,613
Residential Portfolio Segment [Member]
Mortgage loans:
Gross loans	103,407,079	103,223,944
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member]
Mortgage loans:
Gross loans	99,223,438	99,254,737
Less: Allowance for loan losses	(1,602,619)	(1,727,582)	(1,956,183)	(1,812,448)
Residential Portfolio Segment [Member] | Multi-Family Loans [Member]
Mortgage loans:
Gross loans	4,183,641	3,969,207
Less: Allowance for loan losses	(162,149)	(142,237)	(131,280)	(121,918)
Residential Portfolio Segment [Member] | Twin Oaks [Member]
Mortgage loans:
Gross loans	20,585,835	21,046,375
Residential Portfolio Segment [Member] | Twin Oaks [Member] | 1-4 Family Loan [Member]
Mortgage loans:
Gross loans	20,308,604	20,752,355
Residential Portfolio Segment [Member] | Twin Oaks [Member] | Multi-Family Loans [Member]
Mortgage loans:
Gross loans	277,231	294,020
Non-residential Real Estate Portfolio Segment [Member]
Mortgage loans:
Gross loans	20,491,126	20,177,322
Less: Allowance for loan losses	(206,250)	(198,340)	(228,173)	(245,098)
Non-residential Real Estate Portfolio Segment [Member] | Twin Oaks [Member]
Mortgage loans:
Gross loans	2,652,108	2,685,987
Commercial Portfolio Segment [Member]
Mortgage loans:
Gross loans	11,573,233	12,069,815
Less: Allowance for loan losses	(49,443)	(51,306)	(43,966)	(35,947)
Commercial Portfolio Segment [Member] | Twin Oaks [Member]
Mortgage loans:
Gross loans	829,194	852,077
Consumer Portfolio Segment [Member]
Mortgage loans:
Gross loans	1,989,695	1,651,371
Less: Allowance for loan losses	(51,597)	(37,187)	$ (20,942)	$ (10,804)
Consumer Portfolio Segment [Member] | Twin Oaks [Member]
Mortgage loans:
Gross loans	415,551	541,174
Non-Mortgage Loans [Member]
Mortgage loans:
Gross loans	43,528,195	39,110,263
Non-Mortgage Loans [Member] | Twin Oaks [Member]
Mortgage loans:
Gross loans	$ 3,896,853	$ 4,079,238

Note 8 - Loans and Allowance 37

Note 8 - Loans and Allowance for Credit Losses (Details) - Purchases of Loans Receivable - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Purchased Auto Loans [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Purchases of Loans Receivable [Line Items]
Purchased auto loans	$ 5,007,392	$ 0

Note 8 - Loans and Allowance 38

Note 8 - Loans and Allowance for Credit Losses (Details) - Net (Charge-offs) / Recoveries - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Note 8 - Loans and Allowance for Credit Losses (Details) - Net (Charge-offs) / Recoveries [Line Items]
Net (charge-offs)/recoveries	$ (152,162)	$ 7,218
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	(151,015)	48,566
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	3,972	(352)
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	0	0
Commercial Portfolio Segment [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Net (Charge-offs) / Recoveries [Line Items]
Net (charge-offs)/recoveries	0	0
Consumer Portfolio Segment [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Net (Charge-offs) / Recoveries [Line Items]
Net (charge-offs)/recoveries	1,727	(23,488)
Purchased Auto Loans [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Net (Charge-offs) / Recoveries [Line Items]
Net (charge-offs)/recoveries	$ (6,846)	$ (17,508)

Note 8 - Loans and Allowance 39

Note 8 - Loans and Allowance for Credit Losses (Details) - Recorded Investment in Loans and the Related Allowances - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Dec. 31, 2015
Note 8 - Loans and Allowance for Credit Losses (Details) - Recorded Investment in Loans and the Related Allowances [Line Items]
Balance at beginning of period	$ 2,224,006	$ 2,314,607
Provision charged to income	120,000	165,000
Loans charged off	(198,574)	(49,009)
Recoveries of loans previously charged off	46,412	56,227
Balance at end of period	2,191,844	2,486,825
Loans individually evaluated for impairment			$ 4,395,860	$ 4,384,846
Loans acquired with deteriorated credit quality			4,395,860	4,384,846
Loans collectively evaluated for impairment			142,012,979	137,373,756
Loans			146,935,274	142,334,207
Period-end amount allocated to:
Loans individually evaluated for impairment, allowance			161,191	370,856
Loans acquired with deteriorated credit quality, allowance			146,935,274	142,334,207
Loans collectively evaluated for impairment, allowance			1,997,968	1,837,322
Allowance	2,191,844	2,314,607	2,191,844	2,224,006
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 individually evaluated for impairment			526,435	575,605
Loans acquired with deteriorated credit quality			526,435	575,605
Loans			32,685	15,828
Period-end amount allocated to:
Loans acquired with deteriorated credit quality, allowance			32,685	15,828
Residential Portfolio Segment [Member]
Note 8 - Loans and Allowance for Credit Losses (Details) - Recorded Investment in Loans and the Related Allowances [Line Items]
Loans			103,407,079	103,223,944
Period-end amount allocated to:
Loans acquired with deteriorated credit quality, allowance			103,407,079	103,223,944
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	1,727,582	1,812,448
Provision charged to income	26,052	95,169
Loans charged off	(189,894)	0
Recoveries of loans previously charged off	38,879	48,566
Balance at end of period	1,602,619	1,956,183
Loans individually evaluated for impairment			2,367,914	2,311,855
Loans acquired with deteriorated credit quality			2,367,914	2,311,855
Loans collectively evaluated for impairment			96,329,089	96,367,277
Loans			99,223,438	99,254,737
Period-end amount allocated to:
Loans individually evaluated for impairment, allowance			86,056	295,770
Loans acquired with deteriorated credit quality, allowance			99,223,438	99,254,737
Loans collectively evaluated for impairment, allowance			1,483,878	1,415,984
Allowance	1,727,582	1,812,448	1,602,619	1,727,582
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 individually evaluated for impairment			526,435	575,605
Loans acquired with deteriorated credit quality			526,435	575,605
Loans			32,685	15,828
Period-end amount allocated to:
Loans acquired with deteriorated credit quality, allowance			32,685	15,828
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	142,237	121,918
Provision charged to income	15,940	9,714
Loans charged off	0	(4,323)
Recoveries of loans previously charged off	3,972	3,971
Balance at end of period	162,149	131,280
Loans individually evaluated for impairment			0	0
Loans acquired with deteriorated credit quality			0	0
Loans collectively evaluated for impairment			4,183,641	3,969,207
Loans			4,183,641	3,969,207
Period-end amount allocated to:
Loans individually evaluated for impairment, allowance			0	0
Loans acquired with deteriorated credit quality, allowance			4,183,641	3,969,207
Loans collectively evaluated for impairment, allowance			162,149	142,237
Allowance	142,237	121,918	162,149	142,237
Residential Portfolio Segment [Member] | Multi-Family Loans [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 individually evaluated for impairment			0	0
Loans acquired with deteriorated credit quality			0	0
Loans			0	0
Period-end amount allocated to:
Loans acquired with deteriorated credit quality, allowance			0	0
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	198,340	245,098
Provision charged to income	7,910	(16,925)
Loans charged off	0	0
Recoveries of loans previously charged off	0	0
Balance at end of period	206,250	228,173
Loans individually evaluated for impairment			2,027,946	2,069,922
Loans acquired with deteriorated credit quality			2,027,946	2,069,922
Loans collectively evaluated for impairment			18,463,180	18,107,400
Loans			20,491,126	20,177,322
Period-end amount allocated to:
Loans individually evaluated for impairment, allowance			75,135	75,086
Loans acquired with deteriorated credit quality, allowance			20,491,126	20,177,322
Loans collectively evaluated for impairment, allowance			131,115	123,254
Allowance	198,340	245,098	206,250	198,340
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 individually evaluated for impairment			0	0
Loans acquired with deteriorated credit quality			0	0
Loans			0	0
Period-end amount allocated to:
Loans acquired with deteriorated credit quality, allowance			0	0
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	51,306	35,947
Provision charged to income	(1,863)	8,019
Loans charged off	0	0
Recoveries of loans previously charged off	0	0
Balance at end of period	49,443	43,966
Loans individually evaluated for impairment			0	0
Loans acquired with deteriorated credit quality			0	0
Loans collectively evaluated for impairment			11,573,233	12,069,815
Loans			11,573,233	12,069,815
Period-end amount allocated to:
Loans individually evaluated for impairment, allowance			0	0
Loans acquired with deteriorated credit quality, allowance			11,573,233	12,069,815
Loans collectively evaluated for impairment, allowance			49,443	51,306
Allowance	51,306	35,947	49,443	51,306
Commercial 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 individually evaluated for impairment			0	0
Loans acquired with deteriorated credit quality			0	0
Loans			0	0
Period-end amount allocated to:
Loans acquired with deteriorated credit quality, allowance			0	0
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	37,187	10,804
Provision charged to income	12,683	33,626
Loans charged off	0	(25,025)
Recoveries of loans previously charged off	1,727	1,537
Balance at end of period	51,597	20,942
Loans individually evaluated for impairment			0	0
Loans acquired with deteriorated credit quality			0	0
Loans collectively evaluated for impairment			1,989,695	1,651,371
Loans			1,989,695	1,651,371
Period-end amount allocated to:
Loans individually evaluated for impairment, allowance			0	0
Loans acquired with deteriorated credit quality, allowance			1,989,695	1,651,371
Loans collectively evaluated for impairment, allowance			51,597	37,187
Allowance	37,187	10,804	51,597	37,187
Consumer 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 individually evaluated for impairment			0	0
Loans acquired with deteriorated credit quality			0	0
Loans			0	0
Period-end amount allocated to:
Loans acquired with deteriorated credit quality, allowance			0	0
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	67,354	88,392
Provision charged to income	59,278	35,397
Loans charged off	(8,680)	(19,661)
Recoveries of loans previously charged off	1,834	2,153
Balance at end of period	119,786	106,281
Loans individually evaluated for impairment			0	3,069
Loans acquired with deteriorated credit quality			0	3,069
Loans collectively evaluated for impairment			9,474,141	5,208,686
Loans			9,474,141	5,211,755
Period-end amount allocated to:
Loans individually evaluated for impairment, allowance			0	0
Loans acquired with deteriorated credit quality, allowance			9,474,141	5,211,755
Loans collectively evaluated for impairment, allowance			119,786	67,354
Allowance	$ 67,354	$ 88,392	119,786	67,354
Purchased Auto Loans [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 individually evaluated for impairment			0	0
Loans acquired with deteriorated credit quality			0	0
Loans			0	0
Period-end amount allocated to:
Loans acquired with deteriorated credit quality, allowance			$ 0	$ 0

Note 8 - Loans and Allowance 40

Note 8 - Loans and Allowance for Credit Losses (Details) - Loans Individually Evaluated for Impairment - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable, Impaired [Line Items]
Unpaid Contractual Principal Balance	$ 5,062,226	$ 5,087,694
Recorded Investment With No Allowance	2,055,297	2,295,849
Recorded Investment With Allowance	2,866,998	2,664,602
Total Recorded Investment	4,922,295	4,960,451
Related Allowance	193,876	386,684
Average Recorded Investment	4,972,104	5,743,311
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Contractual Principal Balance	3,034,280	3,014,703
Recorded Investment With No Allowance	1,691,312	1,902,819
Recorded Investment With Allowance	1,203,037	984,641
Total Recorded Investment	2,894,349	2,887,460
Related Allowance	118,741	311,598
Average Recorded Investment	3,019,955	3,596,800
Residential Portfolio Segment [Member] | Multi-Family Loans [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Contractual Principal Balance	0	0
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	0	0
Total Recorded Investment	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Non-residential Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Contractual Principal Balance	2,027,946	2,069,922
Recorded Investment With No Allowance	363,985	389,961
Recorded Investment With Allowance	1,663,961	1,679,961
Total Recorded Investment	2,027,946	2,069,922
Related Allowance	75,135	75,086
Average Recorded Investment	1,950,103	2,114,684
Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Contractual Principal Balance	0	0
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	0	0
Total Recorded Investment	0	0
Related Allowance	0	0
Average Recorded Investment	0	21,789
Consumer Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Contractual Principal Balance	0	0
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	0	0
Total Recorded Investment	0	0
Related Allowance	0	0
Average Recorded Investment	0	3,464
Purchased Auto Loans [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Contractual Principal Balance	0	3,069
Recorded Investment With No Allowance	0	3,069
Recorded Investment With Allowance	0	0
Total Recorded Investment	0	3,069
Related Allowance	0	0
Average Recorded Investment	$ 2,046	$ 6,574

Note 8 - Loans and Allowance 41

Note 8 - Loans and Allowance for Credit Losses (Details) - Troubled Debt Restructurings	3 Months Ended
	Mar. 31, 2016USD ($)
Financing Receivable, Modifications [Line Items]
Number of modifications	2
Recorded investment	$ 82,400
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member]
Financing Receivable, Modifications [Line Items]
Number of modifications	2
Recorded investment	$ 82,400

Note 8 - Loans and Allowance 42

Note 8 - Loans and Allowance for Credit Losses (Details) - Nonaccrual Loans and Loans Past Due Over 90 Days - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Note 8 - Loans and Allowance for Credit Losses (Details) - Nonaccrual Loans and Loans Past Due Over 90 Days [Line Items]
Nonaccrual Loans	$ 5,015,707	$ 5,055,377
Loans Past Due Over 90 Days Still Accruing	0	0
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	2,987,761	2,982,386
Loans Past Due Over 90 Days Still Accruing	0	0
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	0	0
Loans Past Due Over 90 Days Still Accruing	0	0
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	2,027,946	2,069,922
Loans Past Due Over 90 Days Still Accruing	0	0
Commercial 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	0	0
Loans Past Due Over 90 Days Still Accruing	0	0
Consumer 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	0	0
Loans Past Due Over 90 Days Still Accruing	0	0
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	0	3,069
Loans Past Due Over 90 Days Still Accruing	$ 0	$ 0

Note 8 - Loans and Allowance 43

Note 8 - Loans and Allowance for Credit Losses (Details) - Aging of the Recorded Investment in Loans - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	$ 2,784,708	$ 3,770,510
Loans current	144,150,566	138,563,697
Loans	146,935,274	142,334,207
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	1,186,220	2,145,936
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	1,084,774	866,336
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	513,714	758,238
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	103,407,079	103,223,944
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	2,506,599	2,741,794
Loans current	96,716,839	96,512,943
Loans	99,223,438	99,254,737
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	908,111	1,251,155
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	1,084,774	753,597
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	513,714	737,042
Residential Portfolio Segment [Member] | Multi-Family Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	0	31,274
Loans current	4,183,641	3,937,933
Loans	4,183,641	3,969,207
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	0	31,274
Residential Portfolio Segment [Member] | Multi-Family Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	0	0
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	0	0
Non-residential Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	267,271	978,082
Loans current	20,223,855	19,199,240
Loans	20,491,126	20,177,322
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	267,271	847,216
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	0	112,739
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	0	18,127
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	0	9,086
Loans current	11,573,233	12,060,729
Loans	11,573,233	12,069,815
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	0	9,086
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	0	0
Commercial 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	0	0
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	10,838	4,814
Loans current	1,978,857	1,646,557
Loans	1,989,695	1,651,371
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	10,838	4,814
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	0	0
Consumer 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	0	0
Purchased Auto Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	0	5,460
Loans current	9,474,141	5,206,295
Loans	9,474,141	5,211,755
Purchased Auto Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	0	2,391
Purchased Auto Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans past due	0	0
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	$ 0	$ 3,069

Note 8 - Loans and Allowance 44

Note 8 - Loans and Allowance for Credit Losses (Details) - Loans by Risk Category - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Gross loans	$ 146,935,274	$ 142,334,207
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	30,013,667	30,153,009
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	1,139,626	716,807
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	4,922,295	4,960,451
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	110,859,686	106,503,940
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	103,407,079	103,223,944
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	99,223,438	99,254,737
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	1,116,880	692,601
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	2,894,349	2,887,460
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Residential Portfolio Segment [Member] | 1-4 Family Loan [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	95,212,209	95,674,676
Residential Portfolio Segment [Member] | Multi-Family Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	4,183,641	3,969,207
Residential Portfolio Segment [Member] | Multi-Family Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Residential Portfolio Segment [Member] | Multi-Family Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Residential Portfolio Segment [Member] | Multi-Family Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Residential Portfolio Segment [Member] | Multi-Family Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Residential Portfolio Segment [Member] | Multi-Family Loans [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	4,183,641	3,969,207
Non-residential Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	20,491,126	20,177,322
Non-residential Real Estate Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	18,440,434	18,083,194
Non-residential Real Estate Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	22,746	24,206
Non-residential Real Estate Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	2,027,946	2,069,922
Non-residential Real Estate Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Non-residential Real Estate Portfolio Segment [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	11,573,233	12,069,815
Commercial Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	11,573,233	12,069,815
Commercial Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Commercial Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Commercial Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Commercial Portfolio Segment [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	1,989,695	1,651,371
Consumer Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Consumer Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Consumer Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Consumer Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Consumer Portfolio Segment [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	1,989,695	1,651,371
Purchased Auto Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	9,474,141	5,211,755
Purchased Auto Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Purchased Auto Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Purchased Auto Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	3,069
Purchased Auto Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Purchased Auto Loans [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	$ 9,474,141	$ 5,208,686

Note 9 - Stock Compensation (De

Note 9 - Stock Compensation (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Note 9 - Stock Compensation (Details) [Line Items]
Allocated Share-based Compensation Expense	$ 3,000	$ 5,000
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 Values Measure46

Note 11 - Fair Values Measurements and Disclosures (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Note 11 - Fair Values Measurements and Disclosures (Details) [Line Items]
Available-for-sale Securities	$ 48,444,907	$ 46,984,907
Fair Value, Inputs, Level 1 [Member]
Note 11 - Fair Values Measurements and Disclosures (Details) [Line Items]
Available-for-sale Securities	0	0
Fair Value, Inputs, Level 3 [Member]
Note 11 - Fair Values Measurements and Disclosures (Details) [Line Items]
Available-for-sale Securities	$ 0	$ 0

Note 11 - Fair Values Measure47

Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value on a Recurring Basis - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	$ 48,444,907	$ 46,984,907
US States and Political Subdivisions Debt Securities [Member]
Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	19,155,153	19,237,208
Residential Mortgage Backed Securities [Member]
Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	29,289,754	27,747,699
Fair Value, Inputs, Level 1 [Member]
Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	0	0
Fair Value, Inputs, Level 1 [Member] | US States and Political Subdivisions Debt Securities [Member]
Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	0	0
Fair Value, Inputs, Level 1 [Member] | Residential Mortgage Backed Securities [Member]
Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	0	0
Fair Value, Inputs, Level 2 [Member]
Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	48,444,907	46,984,907
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member]
Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	19,155,153	19,237,208
Fair Value, Inputs, Level 2 [Member] | Residential Mortgage Backed Securities [Member]
Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	29,289,754	27,747,699
Fair Value, Inputs, Level 3 [Member]
Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	0	0
Fair Value, Inputs, Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member]
Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	0	0
Fair Value, Inputs, Level 3 [Member] | Residential Mortgage Backed Securities [Member]
Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Securities available for sale	$ 0	$ 0

Note 11 - Fair Values Measure48

Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value On a Non-recurring Basis - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value On a Non-recurring Basis [Line Items]
Foreclosed assets	$ 318,670	$ 313,368
Impaired loans, net	4,922,295	4,960,451
Fair Value, Inputs, Level 1 [Member]
Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value On a Non-recurring Basis [Line Items]
Foreclosed assets	0	0
Impaired loans, net	0	0
Fair Value, Inputs, Level 2 [Member]
Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value On a Non-recurring Basis [Line Items]
Foreclosed assets	0	0
Impaired loans, net	0	0
Fair Value, Inputs, Level 3 [Member]
Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value On a Non-recurring Basis [Line Items]
Foreclosed assets	322,170	330,245
Impaired loans, net	2,673,122	2,277,918
Estimate of Fair Value Measurement [Member]
Note 11 - Fair Values Measurements and Disclosures (Details) - Assets Measured at Fair Value On a Non-recurring Basis [Line Items]
Foreclosed assets	322,170	330,245
Impaired loans, net	$ 2,673,122	$ 2,277,918

Note 11 - Fair Values Measure49

Note 11 - Fair Values Measurements and Disclosures (Details) - Estimated Fair Values of Financial Instruments - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Financial Assets:
Cash and cash equivalents	$ 4,160,642	$ 7,135,719	$ 6,284,955	$ 5,193,235
Cash and cash equivalents, fair value	4,160,642	7,135,719
Time deposits	250,000	250,000
Time deposits, fair value	250,000	250,000
Federal funds sold	949,000	1,604,000
Federal funds sold, fair value	949,000	1,604,000
Securities	49,803,028	48,343,028
Securities, fair value	49,803,028	48,343,028
Accrued interest receivable	801,846	775,641
Accrued interest receivable, fair value	801,846	775,641
Net loans	144,743,430	140,110,201
Net loans, fair value	146,509,000	141,665,000
Loans held for sale	100,000	0
Loans held for sale, fair value	100,000
Mortgage servicing rights	288,057	285,927
Mortgage servicing rights, fair value	288,057	285,927
Financial Liabilities:
Deposits	180,175,523	176,734,908
Accrued interest payable	1,902	394
Accrued interest payable, fair value	1,902	394
FHLB advances	1,138,422	2,139,117
FHLB advances, fair value	1,138,422	5,483,036
Non-Interest Bearing Deposits [Member]
Financial Liabilities:
Deposits	11,084,694	10,325,832
Deposits, fair value	11,084,694	10,325,832
Interest-bearing Deposits [Member]
Financial Liabilities:
Deposits	169,090,829	166,409,076
Deposits, fair value	164,206,306	161,173,168
Fair Value, Inputs, Level 1 [Member]
Financial Assets:
Cash and cash equivalents, fair value	4,160,642	7,135,719
Time deposits, fair value	250,000	250,000
Federal funds sold, fair value	949,000	1,604,000
Accrued interest receivable	801,846	775,641
Accrued interest receivable, fair value	801,846	775,641
Loans held for sale, fair value	100,000
Financial Liabilities:
Accrued interest payable, fair value	1,902	394
Fair Value, Inputs, Level 1 [Member] | Non-Interest Bearing Deposits [Member]
Financial Liabilities:
Deposits, fair value	11,084,694	10,325,832
Fair Value, Inputs, Level 2 [Member]
Financial Assets:
Securities, fair value	48,444,907	46,984,907
Financial Liabilities:
FHLB advances, fair value	1,138,422	2,139,117
Fair Value, Inputs, Level 3 [Member]
Financial Assets:
Securities, fair value	1,358,121	1,358,121
Net loans, fair value	146,509,000	141,665,000
Mortgage servicing rights, fair value	288,057	285,927
Fair Value, Inputs, Level 3 [Member] | Interest-bearing Deposits [Member]
Financial Liabilities:
Deposits, fair value	$ 164,206,306	$ 161,173,168

Note 12 - Acquisition (Details)

Note 12 - Acquisition (Details) - USD ($)	Dec. 31, 2014	Mar. 31, 2015	Mar. 31, 2016	Dec. 31, 2015	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		$ 243,000
Goodwill, Acquired During Period	649,869
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	$ 357,656	$ 157,111	$ 175,342
Twin Oaks [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Note 12 - Acquisition (Details) [Line Items]
Business Combination, Acquired Receivables, Gross Contractual Amount			$ 1,167,000	$ 1,208,000
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
Estimate of Fair Value Measurement [Member] | Twin Oaks [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 (Detail51

Note 12 - Acquisition (Details) - Loans Acquired With Deteriorated Credit Quality - Twin Oaks [Member] - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Balance	$ 575,605	$ 1,323,648
Payment activity	(31,852)	(38,582)
Charge-offs		(15,959)
Transfer to OREO	(44,417)
Accretion to income	27,099	4,344
Balance	$ 526,435	$ 1,273,451

Note 12 - Acquisition (Detail52

Note 12 - Acquisition (Details) - Accretable Yield of Loans Acquired With Deteriorated Credit Quality - Twin Oaks [Member] - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Note 12 - Acquisition (Details) - Accretable Yield of Loans Acquired With Deteriorated Credit Quality [Line Items]
Balance, beginning of year	$ 175,342	$ 362,000
Net reclassification from non-accretable yield	8,868
Accretion into interest income	(27,099)	(4,344)
	$ 157,111	$ 357,656