Ottawa Savings Bancorp 10-Q 15 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 12, 2016
Document Information [Line Items]
Entity Registrant Name	Ottawa Savings Bancorp, Inc.
Entity Central Index Key	1,321,070
Trading Symbol	ottw
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		2,894,123
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets ( C

Consolidated Balance Sheets ( Current Period Unaudited) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 2,072,912	$ 2,096,966
Interest bearing deposits	493,320	5,038,753
Total cash and cash equivalents	2,566,232	7,135,719
Time deposits	250,000	250,000
Federal funds sold		1,604,000
Securities available for sale	45,821,865	46,984,907
Non-marketable equity securities	753,321	1,358,121
Loans, net of allowance for loan losses of $2,288,041 and $2,224,006 at June 30, 2016 and December 31, 2015, respectively	150,115,863	140,110,201
Loans held for sale	506,544
Premises and equipment, net	6,945,765	7,058,047
Accrued interest receivable	841,408	775,641
Foreclosed real estate	314,753	313,368
Deferred tax assets	2,273,942	2,725,354
Cash value of life insurance	2,220,150	2,195,424
Goodwill	649,869	649,869
Core deposit intangible	405,000	451,000
Other assets	3,058,668	1,951,700
Total assets	216,723,380	213,563,351
Deposits:
Non-interest bearing	9,860,488	10,325,832
Interest bearing	166,243,344	166,409,076
Total deposits	176,103,832	176,734,908
FHLB advances	1,128,961	2,139,117
Federal funds purchased	3,705,000
Accrued interest payable	1,371	394
Other liabilities	3,758,570	3,600,655
Total liabilities	184,697,734	182,475,074
Commitments and contingencies
Redeemable common stock held by ESOP plan	477,731	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	15,850,603	15,845,341
Retained earnings	16,826,596	16,194,374
Unallocated ESOP shares	(178,066)	(203,504)
Unearned management recognition plan shares	(1,548)	(3,751)
Accumulated other comprehensive income	710,169	437,925
	33,237,764	32,300,395
Treasury stock, at cost; 106,932 shares	(1,212,118)	(1,212,118)
Maximum cash obligation related to ESOP shares	(477,731)	(376,543)
Total stockholders' equity	31,547,915	30,711,734
Total liabilities and stockholders' equity	$ 216,723,380	$ 213,563,351

Consolidated Balance Sheets ( 3

Consolidated Balance Sheets ( Current Period Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Allowance for loan losses	$ 2,288,041	$ 2,224,006
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	12,000,000	12,000,000
Common stock, shares issued (in shares)	3,001,055	3,001,055
Treasury stock, shares (in shares)	106,932	106,932

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest and dividend income:
Interest and fees on loans	$ 1,851,755	$ 1,715,125	$ 3,575,053	$ 3,468,121
Securities:
Residential mortgage-backed and related securities	148,467	156,707	300,544	313,980
State and municipal securities	135,724	140,876	270,704	282,903
Dividends on non-marketable equity securities	1,970	1,902	4,160	3,278
Interest-bearing deposits	3,054	2,518	10,398	7,870
Total interest and dividend income	2,140,970	2,017,128	4,160,859	4,076,152
Interest expense:
Deposits	203,220	218,911	405,690	443,166
Borrowings	7,120	15,664	11,740	31,532
Total interest expense	210,340	234,575	417,430	474,698
Net interest income	1,930,630	1,782,553	3,743,429	3,601,454
Provision for loan losses	157,500	55,000	277,500	220,000
Net interest income after provision for loan losses	1,773,130	1,727,553	3,465,929	3,381,454
Other income:
Gain on sale of securities	8,322		8,418	21,630
Gain on sale of loans	148,740	51,801	187,670	90,409
Gain on sale of OREO	46,251	41,442	111,448	46,933
Gain on sale of repossessed assets	1,048	2,335	1,680	2,335
Loan origination and servicing income	77,912	97,422	136,534	144,279
Origination of mortgage servicing rights, net of amortization	25,424	10,836	27,554	10,836
Customer service fees	101,656	110,761	199,927	205,558
Income on bank owned life insurance	12,554	12,072	24,726	24,256
Other	23,798	26,353	48,617	52,772
Total other income	445,705	353,022	746,574	599,008
Other expenses:
Salaries and employee benefits	837,233	700,212	1,664,918	1,411,555
Directors fees	40,800	37,800	81,600	75,600
Occupancy	154,112	176,846	306,190	330,611
Deposit insurance premium	45,769	44,198	89,992	89,105
Legal and professional services	87,817	81,743	174,945	185,403
Data processing	120,711	797,238	255,733	1,172,166
Loss on sale of securities	3,261		3,261	2,039
Loan expense	101,279	95,417	159,821	155,686
Valuation adjustments and expenses on foreclosed real estate	32,423	89,805	68,936	109,903
Loss on sale of repossessed assets		2,088		11,971
Other	240,317	254,118	478,073	475,305
Total other expenses	1,663,722	2,279,465	3,283,469	4,019,344
Income (loss) before income tax expense	555,113	(198,890)	929,034	(38,882)
Income tax expense (benefit)	181,797	(121,913)	296,812	(105,569)
Net income (loss)	$ 373,316	$ (76,977)	$ 632,222	$ 66,687
Basic earnings (loss) per share (in dollars per share)	$ 0.13	$ (0.03)	$ 0.22	$ 0.02
Diluted earnings (loss) per share (in dollars per share)	$ 0.13	$ (0.03)	$ 0.22	$ 0.02

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income	$ 373,316	$ (76,977)	$ 632,222	$ 66,687
Other comprehensive income (loss), before tax:
Unrealized holding gains (losses) arising during the period	288,653	(409,900)	452,302	(1,545)
Reclassification adjustment for (gains) included in net income	(5,061)		(5,157)	(19,591)
Other comprehensive income (loss), before tax	283,592	(409,900)	447,145	(21,136)
Income tax expense (benefit) related to items of other comprehensive income (loss)	110,927	(159,115)	174,901	(8,204)
Other comprehensive income (loss), net of tax	172,665	(250,785)	272,244	(12,932)
Comprehensive income (loss)	$ 545,981	$ (327,762)	$ 904,466	$ 53,755

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Interest Paid to Depositors [Member]
Supplemental Disclosures of Cash Flow Information
Interest paid to depositors	$ 404,713	$ 441,791
Interest Paid on Borrowings [Member]
Supplemental Disclosures of Cash Flow Information
Interest paid to depositors	11,740	31,532
Net income	632,222	66,687
Depreciation	118,282	109,528
Provision for loan losses	277,500	220,000
Provision for deferred income taxes	276,511	(143,322)
Net amortization of premiums and discounts on securities	326,814	352,766
Gain on sale of securities, net	(5,157)	(19,591)
Origination of mortgage loans held for sale	(7,405,366)	(3,375,900)
Proceeds from sale of mortgage loans held for sale	7,086,492	3,466,309
Gain on sale of loans, net	(187,670)	(90,409)
Origination and purchase of mortgage servicing rights, net of amortization	(27,554)	(10,836)
Gain on sale of foreclosed real estate, net	(111,448)	(46,933)
Write down of foreclosed real estate	28,551	65,490
(Gain) loss on sale of repossessed assets, net	(1,680)	9,636
ESOP compensation expense	27,786	28,418
MRP compensation expense	2,203	4,276
Compensation expense on RRP options granted	2,914	5,151
Amortization of core deposit intangible	46,000	58,000
Loans	61,595	37,148
Certificates of deposit	(37,000)	(58,000)
Federal Home Loan Bank Advances	1,041
Increase in cash surrender value of life insurance	(24,726)	(24,256)
(Increase) decrease in accrued interest receivable	(65,767)	11,650
(Increase) decrease in other assets	(1,024,355)	370,911
Increase (decrease) in accrued interest payable and other liabilities	158,892	(391,088)
Net cash provided by operating activities	156,080	645,635
Purchases	(3,613,482)	(7,372,128)
Sales, calls, maturities and paydowns	4,902,012	9,313,402
Sale of non-marketable equity securities	604,800	422,553
Net decrease in time deposits		205,861
Net (increase) decrease in loans	(10,602,947)	3,836,474
Net decrease (increase) in federal funds sold	1,604,000	(3,076,000)
Proceeds from sale of foreclosed real estate	264,266	427,858
Proceeds from sale of repossessed assets	22,057	66,364
Purchase of premises and equipment	(6,000)	(63,713)
Net cash (used in) provided by investing activities	(6,825,294)	3,760,671
Net decrease in deposits	(594,076)	(1,840,162)
Principal reduction of Federal Home Loan Bank advances	(1,011,197)	(2,811,033)
Proceeds from federal funds purchased	3,705,000
Net cash provided by (used in) financing activities	2,099,727	(4,651,195)
Net (decrease) in cash and cash equivalents	(4,569,487)	(244,889)
Beginning of period	7,135,719	5,193,235
End of period	2,566,232	4,948,346
Income taxes paid, net of refunds received		(48,000)
Supplemental Schedule of Noncash Investing and Financing Activities
Real estate acquired through or in lieu of foreclosure	235,190	591,241
Other assets acquired in settlement of loans	23,000	42,300
Increase in ESOP put option liability	$ 101,188	$ 108,271

Note 1 - Nature of Business

Note 1 - Nature of Business	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 $216.7 million at June 30, 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 June 30, 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	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 June 30, 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	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 June 30, Six Months Ended June 30, 2016 2015 2016 2015 Net income (loss) available to common stockholders $ 373,316 $ (76,977 ) $ 632,222 $ 66,687 Basic potential common shares: Weighted average shares outstanding 2,894,123 2,894,123 2,894,123 2,894,123 Weighted average unallocated ESOP shares (18,645 ) (23,728 ) (19,276 ) (24,360 ) Weighted average unvested MRP shares (1,047 ) (2,795 ) (1,047 ) (2,795 ) Basic weighted average shares outstanding 2,874,431 2,867,600 2,873,800 2,866,968 Dilutive potential common shares: Weighted average unrecognized compensation on MRP shares 905 - 917 2,335 Weighted average RRP options outstanding * 14,616 - 11,346 11,920 Dilutive weighted average shares outstanding 2,889,952 2,867,600 2,886,063 2,881,223 Basic earnings (loss) per share $ 0.13 $ (0.03 ) $ 0.22 $ 0.02 Diluted earnings (loss) per share $ 0.13 $ (0.03 ) $ 0.22 $ 0.02 * For the three months ended June 30, 2015, the effect of share options was not included in the calculation of diluted earnings per share because to do so would have been anti-dilutive.

Note 6 - Employee Stock Ownersh

Note 6 - Employee Stock Ownership Plan	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 June 30, 2016, 40,011 shares at a fair value of $11.94 have been classified as mezzanine capital. The following table reflects the status of the shares held by the ESOP: June 30, December 31, 2016 2015 Shares allocated 58,507 55,964 Shares withdrawn from the plan (18,497 ) (18,497 ) Unallocated shares 17,807 20,350 Total ESOP shares 57,817 57,817 Fair value of unallocated shares $ 212,616 $ 204,518

Note 7 - Investment Securities

Note 7 - Investment Securities	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 June 30, 2016: Available for Sale State and municipal securities $ 18,136,098 $ 781,623 $ - $ 18,917,721 Residential mortgage-backed securities 26,519,355 464,830 80,041 26,904,144 $ 44,655,453 $ 1,246,453 $ 80,041 $ 45,821,865 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 June 30, 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 337,452 341,058 Due after one year through five years 3,352,315 3,477,431 Due after five years through ten years 5,512,154 5,754,491 Due after ten years 8,934,177 9,344,741 Residential mortgage-backed securities 26,519,355 26,904,144 $ 44,655,453 $ 45,821,865 The following table reflects securities with gross unrealized losses for less than 12 months and for 12 months or more at June 30, 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 June 30, 2016 Securities Available for Sale State and municipal securities $ - $ - $ - $ - $ - $ - Residential mortgage-backed securities 3,095,643 28,485 5,341,779 51,556 8,437,422 80,041 $ 3,095,643 $ 28,485 $ 5,341,779 $ 51,556 $ 8,437,422 $ 80,041 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 June 30, 2016, 14 securities had unrealized losses with an aggregate depreciation of 0.94% from the Company’s amortized cost basis. The Company does not consider these investments to be other than temporarily impaired at June 30, 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 $1.1 million from the sales of securities for the three months ended June 30, 2016 and no sales of securities for the three months ended June 30, 2015. The sales during the three months ended June 30, 2016 resulted in gross realized gains of $8,322 and gross realized losses of $3,261, for net realized gains of $5,061. The tax provision applicable to the realized gains amounted to $1,965 and none, respectively, for the three months ended June 30, 2016 and 2015. There were proceeds of $1.7 million from the sales of securities for the six months ended June 30, 2016 and proceeds of $5.6 million for the six months ended June 30, 2015. The sales during the six months ended June 30, 2016 resulted in gross realized gains of $8,418 and gross realized losses of $3,261, for net realized gains of $5,157. The sales during the six months ended June 30, 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 $2,002 and $7,605, respectively, for the six months ended June 30, 2016 and 2015.

Note 8 - Loans and Allowance fo

Note 8 - Loans and Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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: June 30, December 31, 2016 2015 Mortgage loans: One-to-four family residential loans $ 101,234,009 $ 99,254,737 Multi-family residential loans 4,238,801 3,969,207 Total mortgage loans 105,472,810 103,223,944 Other loans: Non-residential real estate loans 21,410,232 20,177,322 Commercial loans 11,296,176 12,069,815 Consumer direct 2,352,054 1,651,371 Purchased auto 11,872,632 5,211,755 Total other loans 46,931,094 39,110,263 Gross loans 152,403,904 142,334,207 Less: Allowance for loan losses (2,288,041 ) (2,224,006 ) Loans, net $ 150,115,863 $ 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. June 30, December 31, 2016 2015 Mortgage loans: One-to-four family residential loans $ 19,534,847 $ 20,752,355 Multi-family residential loans 275,635 294,020 Total mortgage loans 19,810,482 21,046,375 Other loans: Non-residential real estate loans 2,621,673 2,685,987 Commercial loans 819,509 852,077 Consumer direct 334,859 541,174 Total other loans 3,776,041 4,079,238 Gross loans 23,586,523 25,125,613 Less: Allowance for loan losses (100,000 ) (85,000 ) Loans, net $ 23,486,523 $ 25,040,613 Purchases of loans receivable, segregated by class of loans, for the periods indicated were as follows: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Purchased auto loans $ 3,333,888 $ - $ 8,341,280 $ - Net (charge-offs) / recoveries, segregated by class of loans, for the periods indicated were as follows: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 One-to-four family $ (40,012 ) $ 35,393 $ (191,027 ) $ 83,959 Multi-family 3,971 (25,597 ) 7,943 (25,949 ) Non-residential - - - - Commercial - - - - Consumer direct 1,727 (20,183 ) 3,454 (43,671 ) Purchased auto (26,989 ) (3,222 ) (33,835 ) (20,730 ) Net (charge-offs)/recoveries $ (61,303 ) $ (13,609 ) $ (213,465 ) $ (6,391 ) The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ended June 30, 2016 and 2015: June 30, 2016 One-to-Four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Balance at beginning of period $ 1,602,619 $ 162,149 $ 206,250 $ 49,443 $ 51,597 $ 119,786 $ 2,191,844 Provision charged to income 11,991 1,365 69,097 3,813 7,167 64,067 157,500 Loans charged off (40,672 ) - - - - (29,613 ) (70,285 ) Recoveries of loans previously charged off 660 3,971 - - 1,727 2,624 8,982 Balance at end of period $ 1,574,598 $ 167,485 $ 275,347 $ 53,256 $ 60,491 $ 156,864 $ 2,288,041 June 30, 2015 One-to-Four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Balance at beginning of period $ 1,956,183 $ 131,280 $ 228,173 $ 43,966 $ 20,942 $ 106,281 $ 2,486,825 Provision charged to income (5,301 ) 38,287 14,837 (11,316 ) 28,440 (9,947 ) 55,000 Loans charged off (10,057 ) (29,569 ) - - (21,383 ) (4,629 ) (65,638 ) Recoveries of loans previously charged off 45,450 3,972 - - 1,200 1,407 52,029 Balance at end of period $ 1,986,275 $ 143,970 $ 243,010 $ 32,650 $ 29,199 $ 93,112 $ 2,528,216 The following table presents the activity in the allowance for loan losses by portfolio segment for the six months ended June 30, 2016 and 2015: June 30, 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 38,043 17,305 77,007 1,950 19,850 123,345 277,500 Loans charged off (230,566 ) - - - - (38,293 ) (268,859 ) Recoveries of loans previously charged off 39,539 7,943 - - 3,454 4,458 55,394 Balance at end of period $ 1,574,598 $ 167,485 $ 275,347 $ 53,256 $ 60,491 $ 156,864 $ 2,288,041 June 30, 2015 One-to-Four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Balance at beginning of period $ 1,812,448 $ 121,918 $ 245,098 $ 35,947 $ 10,804 $ 88,392 $ 2,314,607 Provision charged to income 89,868 48,001 (2,088 ) (3,297 ) 62,066 25,450 220,000 Loans charged off (10,057 ) (33,892 ) - - (46,408 ) (24,290 ) (114,647 ) Recoveries of loans previously charged off 94,016 7,943 - - 2,737 3,560 108,256 Balance at end of period $ 1,986,275 $ 143,970 $ 243,010 $ 32,650 $ 29,199 $ 93,112 $ 2,528,216 The following table presents the recorded investment in loans and the related allowances allocated by portfolio segment and based on impairment method as of June 30, 2016 and December 31, 2015: June 30, 2016 One-to-four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Loans individually evaluated for impairment $ 1,826,949 $ - $ 1,911,875 $ - $ - $ 10,681 $ 3,749,505 Loans acquired with deteriorated credit quality 498,912 - - - - - 498,912 Loans collectively evaluated for impairment 98,908,148 4,238,801 19,498,357 11,296,176 2,352,054 11,861,951 148,155,487 Ending Balance $ 101,234,009 $ 4,238,801 $ 21,410,232 $ 11,296,176 $ 2,352,054 $ 11,872,632 $ 152,403,904 Period-end amount allocated to: Loans individually evaluated for impairment $ 61,655 $ - $ 133,061 $ - $ - $ 5,341 $ 200,057 Loans acquired with deteriorated credit quality 21,913 - - - - - 21,913 Loans collectively evaluated for impairment 1,491,030 167,485 142,286 53,256 60,491 151,523 2,066,071 Balance at end of period $ 1,574,598 $ 167,485 $ 275,347 $ 53,256 $ 60,491 $ 156,864 $ 2,288,041 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 June 30, 2016 and December 31, 2015: June 30, 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 $ 2,429,873 $ 1,695,600 $ 630,261 $ 2,325,861 $ 83,568 $ 2,888,717 Multi-family - - - - - - Non-residential 1,911,875 279,914 1,631,961 1,911,875 133,061 1,991,270 Commercial - - - - - - Consumer direct - - - - - - Purchased auto 10,681 - 10,681 10,681 5,341 4,583 $ 4,352,429 $ 1,975,514 $ 2,272,903 $ 4,248,417 $ 221,970 $ 4,884,570 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 and six months ended June 30, 2016 and 2015, the Company recognized no accrued or cash basis interest income on impaired loans. At June 30, 2016, there were 33 impaired loans totaling approximately $4.2 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 or charge-off of five impaired loans totaling approximately $0.2 million, upgrading and returning seven loans totaling approximately $0.8 million to accrual status, and payments of approximately $0.2 million, offset by the addition of 11 loans totaling approximately $0.6 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 non-performing 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 June 30, 2016 included $2.4 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 approximately $0.2 million as a result of principal payments and decreased approximately $0.1 million as a result of moving one TDR 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. There were no new loans classified as troubled debt restructurings during the three months ended June 30, 2016 and 2015. Loans classified as TDRs during the six months ended June 30, 2016 and 2015, segregated by class, are shown in the tables below. Six Months Ended Six Months Ended June 30, 2016 June 30, 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 June 30, 2016 and 2015 that had payment defaults (i.e., 60 days or more past due following a modification), during the three or six months ended June 30, 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 non-performing 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 June 30, 2016 and December 31, 2015: June 30, 2016 Nonaccrual Loans Past Due Over 90 Days Still Accruing One-to-four family $ 2,417,760 $ - Multi-family - - Non-residential 1,911,875 - Commercial - - Consumer direct - - Purchased auto 10,681 - $ 4,340,316 $ - 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 June 30, 2016 and December 31, 2015: June 30, 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 $ 1,590,480 $ 534,471 $ 598,860 $ 2,723,811 $ 98,510,198 $ 101,234,009 Multi-family - - - - 4,238,801 4,238,801 Non-residential - 111,146 279,914 391,060 21,019,172 21,410,232 Commercial 1,593 - - 1,593 11,294,583 11,296,176 Consumer direct 1,007 - - 1,007 2,351,047 2,352,054 Purchased auto - - 10,681 10,681 11,861,951 11,872,632 $ 1,593,080 $ 645,617 $ 889,455 $ 3,128,152 $ 149,275,752 $ 152,403,904 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 Company 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 June 30, 2016 and December 31, 2015, the risk category of loans by class is as follows: June 30, 2016 Pass Special Mention Substandard Doubtful Not Rated One-to-four family $ - $ 1,363,073 $ 2,325,861 $ - $ 97,545,075 Multi-family - 131,281 - - 4,107,520 Non-residential 19,300,779 197,578 1,911,875 - - Commercial 11,296,176 - - - - Consumer direct - - - - 2,352,054 Purchased auto - - 10,681 - 11,861,951 Total $ 30,596,955 $ 1,691,932 $ 4,248,417 $ - $ 115,866,600 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 June 30, 2016, the Company held approximately $315,000 of foreclosed residential real estate property, compared to approximately $313,000 at December 31, 2015. In addition, the Company also held approximately $80,000 and $234,000, in consumer mortgage loans collateralized by residential real estate properties that were in the process of foreclosure at June 30, 2016 and December 31, 2015, respectively.

Note 9 - Stock Compensation

Note 9 - Stock Compensation	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Shareholders' Equity and Share-based Payments [Text Block]	NOTE 9 – STOCK COMPENSATION Total stock-based compensation expense was approximately $5,000 and $9,000 for the six month periods ended June 30, 2016 and 2015, respectively. In accordance with FASB ASC 718, Compensation-Stock Compensation,

Note 10 - Recent Accounting Dev

Note 10 - Recent Accounting Developments	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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) In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

Note 11 - Fair Value Measuremen

Note 11 - Fair Value Measurement and Disclosure	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 six months ended June 30, 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 June 30, 2016 and December 31, 2015. Total June 30, 2016 Level 1 Level 2 Level 3 Fair Value State and municipal securities available for sale $ - $ 18,917,721 $ - $ 18,917,721 Residential mortgage-backed securities available for sale - 26,904,144 - 26,904,144 $ - $ 45,821,865 $ - $ 45,821,865 Total 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 June 30, 2016 and December 31, 2015. Total June 30, 2016 Level 1 Level 2 Level 3 Fair Value Foreclosed assets $ - $ - $ 334,253 $ 334,253 Impaired loans, net - - 2,050,933 2,050,933 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 The following tables present additional quantitative information about assets measured at fair value on a non-recurring basis for which the Company has utilized Level 3 inputs to determine fair value. Quantitative Information about Level 3 Fair Value Measurements Fair Value Valuation Unobservable Estimate Techniques Input Range June 30, 2016 Foreclosed assets $ 334,253 Appraisal of collateral Appraisal adjustments -6.7% to -89.1% Impaired loans, net $ 1,761,986 Appraisal of collateral Appraisal adjustments -24.8 to -53.6% Impaired loans, net $ 288,947 Discounted Future Cash Flows Payment Stream N/A Discount Rate 10% December 31, 2015 Foreclosed assets $ 330,245 Appraisal of collateral Appraisal adjustments -6.7% to -63.6% Impaired loans, net $ 2,170,027 Appraisal of collateral Appraisal adjustments -10% to -70% Impaired loans, net $ 107,891 Discounted Future Cash Flows Payment Stream N/A Discount Rate 10% In accordance with accounting pronouncements, the carrying value and estimated fair value of the Company’s financial instruments as of June 30, 2016 and December 31, 2015 are as follows: Fair Value Measurements at Carrying June 30, 2016 using: Amount Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 2,566,232 $ 2,566,232 $ - $ - $ 2,566,232 Time deposits 250,000 250,000 - - 250,000 Federal funds sold - - - - - Securities 46,575,186 - 45,821,865 753,321 46,575,186 Accrued interest receivable 841,408 841,408 - - 841,408 Net loans 150,115,863 - - 151,767,000 151,767,000 Loans held for sale 506,544 506,544 - - 506,544 Mortgage servicing rights 313,482 - - 313,482 313,482 Financial Liabilities: Non-interest bearing deposits 9,860,488 9,860,488 - - 9,860,488 Interest bearing deposits 166,243,344 - - 162,302,512 162,302,512 Accrued interest payable 1,371 1,371 - - 1,371 FHLB advances 1,128,961 - 1,128,961 - 1,128,961 Federal funds purchased 3,705,000 3,705,000 - - 3,705,000 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 - 2,139,117 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: Federal f unds purchased : 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	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Business Combination Disclosure [Text Block]	NOTE 1 2 – ACQUISITION On December 31, 2014, the Company completed its 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 six months ended June 30, 2015 were approximately $850,000. 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 and six months ended June 30, 2016 and 2015: Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Balance, beginning of period $ 526,435 $ 1,273,451 $ 575,605 $ 1,323,648 Payment activity (60,051 ) (74,559 ) (91,903 ) (113,141 ) Charge-offs - (53,014 ) - (68,973 ) Recoveries - - - - Transfer to OREO - - (44,417 ) - Accretion to income 32,528 55,281 59,627 59,625 $ 498,912 $ 1,201,159 $ 498,912 $ 1,201,159 The contractual amount outstanding for the loans acquired with deteriorated credit quality totaled $1,124,000 and $1,208,000 as of June 30, 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 and six months ended June 30, 2016 and 2015: Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Balance, beginning of period $ 157,111 $ 357,656 $ 175,342 $ 362,000 Net reclassification from non-accretable yield - - 8,868 - Accretion into interest income (32,528 ) (55,281 ) (59,627 ) (59,625 ) Disposals - - - - $ 124,583 $ 302,375 $ 124,583 $ 302,375

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Net income (loss) available to common stockholders $ 373,316 $ (76,977 ) $ 632,222 $ 66,687 Basic potential common shares: Weighted average shares outstanding 2,894,123 2,894,123 2,894,123 2,894,123 Weighted average unallocated ESOP shares (18,645 ) (23,728 ) (19,276 ) (24,360 ) Weighted average unvested MRP shares (1,047 ) (2,795 ) (1,047 ) (2,795 ) Basic weighted average shares outstanding 2,874,431 2,867,600 2,873,800 2,866,968 Dilutive potential common shares: Weighted average unrecognized compensation on MRP shares 905 - 917 2,335 Weighted average RRP options outstanding * 14,616 - 11,346 11,920 Dilutive weighted average shares outstanding 2,889,952 2,867,600 2,886,063 2,881,223 Basic earnings (loss) per share $ 0.13 $ (0.03 ) $ 0.22 $ 0.02 Diluted earnings (loss) per share $ 0.13 $ (0.03 ) $ 0.22 $ 0.02

Note 6 - Employee Stock Owner21

Note 6 - Employee Stock Ownership Plan (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]	June 30, December 31, 2016 2015 Shares allocated 58,507 55,964 Shares withdrawn from the plan (18,497 ) (18,497 ) Unallocated shares 17,807 20,350 Total ESOP shares 57,817 57,817 Fair value of unallocated shares $ 212,616 $ 204,518

Note 7 - Investment Securities

Note 7 - Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Summary of Investment Holdings, Schedule of Investments [Table Text Block]	Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value June 30, 2016: Available for Sale State and municipal securities $ 18,136,098 $ 781,623 $ - $ 18,917,721 Residential mortgage-backed securities 26,519,355 464,830 80,041 26,904,144 $ 44,655,453 $ 1,246,453 $ 80,041 $ 45,821,865 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 337,452 341,058 Due after one year through five years 3,352,315 3,477,431 Due after five years through ten years 5,512,154 5,754,491 Due after ten years 8,934,177 9,344,741 Residential mortgage-backed securities 26,519,355 26,904,144 $ 44,655,453 $ 45,821,865
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 June 30, 2016 Securities Available for Sale State and municipal securities $ - $ - $ - $ - $ - $ - Residential mortgage-backed securities 3,095,643 28,485 5,341,779 51,556 8,437,422 80,041 $ 3,095,643 $ 28,485 $ 5,341,779 $ 51,556 $ 8,437,422 $ 80,041 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)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	June 30, December 31, 2016 2015 Mortgage loans: One-to-four family residential loans $ 101,234,009 $ 99,254,737 Multi-family residential loans 4,238,801 3,969,207 Total mortgage loans 105,472,810 103,223,944 Other loans: Non-residential real estate loans 21,410,232 20,177,322 Commercial loans 11,296,176 12,069,815 Consumer direct 2,352,054 1,651,371 Purchased auto 11,872,632 5,211,755 Total other loans 46,931,094 39,110,263 Gross loans 152,403,904 142,334,207 Less: Allowance for loan losses (2,288,041 ) (2,224,006 ) Loans, net $ 150,115,863 $ 140,110,201
Schedule of Loans Acquired in Merger [Table Text Block]	June 30, December 31, 2016 2015 Mortgage loans: One-to-four family residential loans $ 19,534,847 $ 20,752,355 Multi-family residential loans 275,635 294,020 Total mortgage loans 19,810,482 21,046,375 Other loans: Non-residential real estate loans 2,621,673 2,685,987 Commercial loans 819,509 852,077 Consumer direct 334,859 541,174 Total other loans 3,776,041 4,079,238 Gross loans 23,586,523 25,125,613 Less: Allowance for loan losses (100,000 ) (85,000 ) Loans, net $ 23,486,523 $ 25,040,613
Schedule Of Loans Purchased [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Purchased auto loans $ 3,333,888 $ - $ 8,341,280 $ -
Schedule of Credit Losses for Financing Receivables, Current [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 One-to-four family $ (40,012 ) $ 35,393 $ (191,027 ) $ 83,959 Multi-family 3,971 (25,597 ) 7,943 (25,949 ) Non-residential - - - - Commercial - - - - Consumer direct 1,727 (20,183 ) 3,454 (43,671 ) Purchased auto (26,989 ) (3,222 ) (33,835 ) (20,730 ) Net (charge-offs)/recoveries $ (61,303 ) $ (13,609 ) $ (213,465 ) $ (6,391 )
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]	June 30, 2016 One-to-Four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Balance at beginning of period $ 1,602,619 $ 162,149 $ 206,250 $ 49,443 $ 51,597 $ 119,786 $ 2,191,844 Provision charged to income 11,991 1,365 69,097 3,813 7,167 64,067 157,500 Loans charged off (40,672 ) - - - - (29,613 ) (70,285 ) Recoveries of loans previously charged off 660 3,971 - - 1,727 2,624 8,982 Balance at end of period $ 1,574,598 $ 167,485 $ 275,347 $ 53,256 $ 60,491 $ 156,864 $ 2,288,041 June 30, 2015 One-to-Four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Balance at beginning of period $ 1,956,183 $ 131,280 $ 228,173 $ 43,966 $ 20,942 $ 106,281 $ 2,486,825 Provision charged to income (5,301 ) 38,287 14,837 (11,316 ) 28,440 (9,947 ) 55,000 Loans charged off (10,057 ) (29,569 ) - - (21,383 ) (4,629 ) (65,638 ) Recoveries of loans previously charged off 45,450 3,972 - - 1,200 1,407 52,029 Balance at end of period $ 1,986,275 $ 143,970 $ 243,010 $ 32,650 $ 29,199 $ 93,112 $ 2,528,216 June 30, 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 38,043 17,305 77,007 1,950 19,850 123,345 277,500 Loans charged off (230,566 ) - - - - (38,293 ) (268,859 ) Recoveries of loans previously charged off 39,539 7,943 - - 3,454 4,458 55,394 Balance at end of period $ 1,574,598 $ 167,485 $ 275,347 $ 53,256 $ 60,491 $ 156,864 $ 2,288,041 June 30, 2015 One-to-Four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Balance at beginning of period $ 1,812,448 $ 121,918 $ 245,098 $ 35,947 $ 10,804 $ 88,392 $ 2,314,607 Provision charged to income 89,868 48,001 (2,088 ) (3,297 ) 62,066 25,450 220,000 Loans charged off (10,057 ) (33,892 ) - - (46,408 ) (24,290 ) (114,647 ) Recoveries of loans previously charged off 94,016 7,943 - - 2,737 3,560 108,256 Balance at end of period $ 1,986,275 $ 143,970 $ 243,010 $ 32,650 $ 29,199 $ 93,112 $ 2,528,216 June 30, 2016 One-to-four Family Multi-family Non-residential Commercial Consumer Direct Purchased Auto Total Loans individually evaluated for impairment $ 1,826,949 $ - $ 1,911,875 $ - $ - $ 10,681 $ 3,749,505 Loans acquired with deteriorated credit quality 498,912 - - - - - 498,912 Loans collectively evaluated for impairment 98,908,148 4,238,801 19,498,357 11,296,176 2,352,054 11,861,951 148,155,487 Ending Balance $ 101,234,009 $ 4,238,801 $ 21,410,232 $ 11,296,176 $ 2,352,054 $ 11,872,632 $ 152,403,904 Period-end amount allocated to: Loans individually evaluated for impairment $ 61,655 $ - $ 133,061 $ - $ - $ 5,341 $ 200,057 Loans acquired with deteriorated credit quality 21,913 - - - - - 21,913 Loans collectively evaluated for impairment 1,491,030 167,485 142,286 53,256 60,491 151,523 2,066,071 Balance at end of period $ 1,574,598 $ 167,485 $ 275,347 $ 53,256 $ 60,491 $ 156,864 $ 2,288,041 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]	June 30, 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 $ 2,429,873 $ 1,695,600 $ 630,261 $ 2,325,861 $ 83,568 $ 2,888,717 Multi-family - - - - - - Non-residential 1,911,875 279,914 1,631,961 1,911,875 133,061 1,991,270 Commercial - - - - - - Consumer direct - - - - - - Purchased auto 10,681 - 10,681 10,681 5,341 4,583 $ 4,352,429 $ 1,975,514 $ 2,272,903 $ 4,248,417 $ 221,970 $ 4,884,570 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]	Six Months Ended Six Months Ended June 30, 2016 June 30, 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]	June 30, 2016 Nonaccrual Loans Past Due Over 90 Days Still Accruing One-to-four family $ 2,417,760 $ - Multi-family - - Non-residential 1,911,875 - Commercial - - Consumer direct - - Purchased auto 10,681 - $ 4,340,316 $ - 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]	June 30, 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 $ 1,590,480 $ 534,471 $ 598,860 $ 2,723,811 $ 98,510,198 $ 101,234,009 Multi-family - - - - 4,238,801 4,238,801 Non-residential - 111,146 279,914 391,060 21,019,172 21,410,232 Commercial 1,593 - - 1,593 11,294,583 11,296,176 Consumer direct 1,007 - - 1,007 2,351,047 2,352,054 Purchased auto - - 10,681 10,681 11,861,951 11,872,632 $ 1,593,080 $ 645,617 $ 889,455 $ 3,128,152 $ 149,275,752 $ 152,403,904 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]	June 30, 2016 Pass Special Mention Substandard Doubtful Not Rated One-to-four family $ - $ 1,363,073 $ 2,325,861 $ - $ 97,545,075 Multi-family - 131,281 - - 4,107,520 Non-residential 19,300,779 197,578 1,911,875 - - Commercial 11,296,176 - - - - Consumer direct - - - - 2,352,054 Purchased auto - - 10,681 - 11,861,951 Total $ 30,596,955 $ 1,691,932 $ 4,248,417 $ - $ 115,866,600 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 Value Measurem24

Note 11 - Fair Value Measurement and Disclosure (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Total June 30, 2016 Level 1 Level 2 Level 3 Fair Value State and municipal securities available for sale $ - $ 18,917,721 $ - $ 18,917,721 Residential mortgage-backed securities available for sale - 26,904,144 - 26,904,144 $ - $ 45,821,865 $ - $ 45,821,865 Total 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 June 30, 2016 Level 1 Level 2 Level 3 Fair Value Foreclosed assets $ - $ - $ 334,253 $ 334,253 Impaired loans, net - - 2,050,933 2,050,933 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 Inputs, Assets, Quantitative Information [Table Text Block]	Quantitative Information about Level 3 Fair Value Measurements Fair Value Valuation Unobservable Estimate Techniques Input Range June 30, 2016 Foreclosed assets $ 334,253 Appraisal of collateral Appraisal adjustments -6.7% to -89.1% Impaired loans, net $ 1,761,986 Appraisal of collateral Appraisal adjustments -24.8 to -53.6% Impaired loans, net $ 288,947 Discounted Future Cash Flows Payment Stream N/A Discount Rate 10% December 31, 2015 Foreclosed assets $ 330,245 Appraisal of collateral Appraisal adjustments -6.7% to -63.6% Impaired loans, net $ 2,170,027 Appraisal of collateral Appraisal adjustments -10% to -70% Impaired loans, net $ 107,891 Discounted Future Cash Flows Payment Stream N/A Discount Rate 10%
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements at Carrying June 30, 2016 using: Amount Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 2,566,232 $ 2,566,232 $ - $ - $ 2,566,232 Time deposits 250,000 250,000 - - 250,000 Federal funds sold - - - - - Securities 46,575,186 - 45,821,865 753,321 46,575,186 Accrued interest receivable 841,408 841,408 - - 841,408 Net loans 150,115,863 - - 151,767,000 151,767,000 Loans held for sale 506,544 506,544 - - 506,544 Mortgage servicing rights 313,482 - - 313,482 313,482 Financial Liabilities: Non-interest bearing deposits 9,860,488 9,860,488 - - 9,860,488 Interest bearing deposits 166,243,344 - - 162,302,512 162,302,512 Accrued interest payable 1,371 1,371 - - 1,371 FHLB advances 1,128,961 - 1,128,961 - 1,128,961 Federal funds purchased 3,705,000 3,705,000 - - 3,705,000 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 - 2,139,117

Note 12 - Acquisition (Tables)

Note 12 - Acquisition (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Balance, beginning of period $ 526,435 $ 1,273,451 $ 575,605 $ 1,323,648 Payment activity (60,051 ) (74,559 ) (91,903 ) (113,141 ) Charge-offs - (53,014 ) - (68,973 ) Recoveries - - - - Transfer to OREO - - (44,417 ) - Accretion to income 32,528 55,281 59,627 59,625 $ 498,912 $ 1,201,159 $ 498,912 $ 1,201,159
Certain Loans Acquired in Transfer Accretable Yield [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Balance, beginning of period $ 157,111 $ 357,656 $ 175,342 $ 362,000 Net reclassification from non-accretable yield - - 8,868 - Accretion into interest income (32,528 ) (55,281 ) (59,627 ) (59,625 ) Disposals - - - - $ 124,583 $ 302,375 $ 124,583 $ 302,375

Note 1 - Nature of Business (De

Note 1 - Nature of Business (Details Textual) - USD ($)	Dec. 31, 2014	Dec. 31, 2005	Jun. 30, 2016	Dec. 31, 2015	Dec. 30, 2014
Ottawa Savings Bancorp MHC [Member]
Stock Issued During Period, Shares, New Issues		1,223,701
General Public [Member]
Stock Issued During Period, Shares, New Issues		1,001,210
Ottawa Savings Bancorp MHC [Member]
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%
Assets			$ 216,723,380	$ 213,563,351

Note 5 - Earnings Per Share - E

Note 5 - Earnings Per Share - Earnings Per Share (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2016		Jun. 30, 2015		Jun. 30, 2016		Jun. 30, 2015
Management Recognition Plan [Member]
Dilutive potential common shares:
Weighted average unrecognized compensation on MRP shares (in shares)	905				917		2,335
Recognition and Retention Plan [Member]
Dilutive potential common shares:
Weighted average unrecognized compensation on MRP shares (in shares)	14,616	[1]		[1]	11,346	[1]	11,920
Net income (loss) available to common stockholders	$ 373,316		$ (76,977)		$ 632,222		$ 66,687
Weighted average shares outstanding (in shares)	2,894,123		2,894,123		2,894,123		2,894,123
Weighted average unallocated ESOP shares (in shares)	(18,645)		(23,728)		(19,276)		(24,360)
Weighted average unvested MRP shares (in shares)	(1,047)		(2,795)		(1,047)		(2,795)
Basic weighted average shares outstanding (in shares)	2,874,431		2,867,600		2,873,800		2,866,968
Dilutive weighted average shares outstanding (in shares)	2,889,952		2,867,600		2,886,063		2,881,223
Basic earnings (loss) per share (in dollars per share)	$ 0.13		$ (0.03)		$ 0.22		$ 0.02
Diluted earnings (loss) per share (in dollars per share)	$ 0.13		$ (0.03)		$ 0.22		$ 0.02
[1]	For the three months ended June 30, 2015, the effect of share options was not included in the calculation of diluted earnings per share because to do so would have been anti-dilutive.

Note 6 - Employee Stock Owner28

Note 6 - Employee Stock Ownership Plan (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015	Jul. 11, 2005
Mezzanine Capital [Member]
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares	40,011
Fair Value Per Share	$ 11.94
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 E S O P Interest And Principal Payments From E S O P	$ 77,000
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares	58,507	55,964

Note 6 - Employee Stock Owner29

Note 6 - Employee Stock Ownership Plan - Employee Stock Ownership Plan (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015	Jul. 11, 2005
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares	58,507	55,964
Shares withdrawn from the plan (in shares)	(18,497)	(18,497)
Unallocated shares	$ 17,807	$ 20,350
Employee Stock Ownership Plan (ESOP), Shares in ESOP	57,817	57,817	76,314
Fair value of unallocated shares	$ 212,616	$ 204,518

Note 7 - Investment Securitie30

Note 7 - Investment Securities (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Other than Temporary Impairment Losses, Investments			$ 0
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	14		14
Aggregate Percentage Loss On Securities With Unrealized Loss Position	0.94%		0.94%
Proceeds from Sale of Available-for-sale Securities	$ 1,100,000	$ 0	$ 1,700,000	$ 5,600,000
Available-for-sale Securities, Gross Realized Gains	8,322		8,418	21,630
Available-for-sale Securities, Gross Realized Losses	3,261		3,261	2,039
Available-for-sale Securities, Gross Realized Gain (Loss)	5,061		5,157	19,591
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax	$ 1,965	$ 0	$ 2,002	$ 7,605

Note 7 - Investment Securitie31

Note 7 - Investment Securities - The Amortized Cost and Fair Values of Securities (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
US States and Political Subdivisions Debt Securities [Member]
Available for Sale - Amortized Cost	$ 18,136,098	$ 18,733,573
Available for Sale - Gross Unrealized Gains	781,623	525,089
Available for Sale - Gross Unrealized Losses		21,454
Available-for-sale Securities	18,917,721	19,237,208
Residential Mortgage Backed Securities [Member]
Available for Sale - Amortized Cost	26,519,355	27,532,067
Available for Sale - Gross Unrealized Gains	464,830	365,558
Available for Sale - Gross Unrealized Losses	80,041	149,926
Available-for-sale Securities	26,904,144	27,747,699
Available for Sale - Amortized Cost	44,655,453	46,265,640
Available for Sale - Gross Unrealized Gains	1,246,453	890,647
Available for Sale - Gross Unrealized Losses	80,041	171,380
Available-for-sale Securities	$ 45,821,865	$ 46,984,907

Note 7 - Investment Securitie32

Note 7 - Investment Securities - The Amortized Cost and Fair Value by Contractual Maturity (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Due in three months or less	$ 0
Due in three months or less	0
Due after three months through one year	337,452
Due after three months through one year	341,058
Due after one year through five years	3,352,315
Due after one year through five years	3,477,431
Due after five years through ten years	5,512,154
Due after five years through ten years	5,754,491
Due after ten years	8,934,177
Due after ten years	9,344,741
Residential mortgage-backed securities	26,519,355
Residential mortgage-backed securities	26,904,144
Available-for-sale Securities, Amortized Cost	44,655,453
Available-for-sale Securities	$ 45,821,865	$ 46,984,907

Note 7 - Investment Securitie33

Note 7 - Investment Securities - Securities with Gross Unrealized Losses (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
US States and Political Subdivisions Debt Securities [Member]
Less than 12 Months, Fair Value		$ 169,601
Less than 12 Months, Unrealized Losses		101
12 Months or More, Fair Value	0	436,067
12 Months or More, Unrealized Losses	0	21,353
Total Fair Value		605,668
Total Unrealized Losses		21,454
Residential Mortgage Backed Securities [Member]
Less than 12 Months, Fair Value	3,095,643	10,468,746
Less than 12 Months, Unrealized Losses	28,485	120,218
12 Months or More, Fair Value	5,341,779	1,247,527
12 Months or More, Unrealized Losses	51,556	29,708
Total Fair Value	8,437,422	11,716,273
Total Unrealized Losses	80,041	149,926
Less than 12 Months, Fair Value	3,095,643	10,638,347
Less than 12 Months, Unrealized Losses	28,485	120,319
12 Months or More, Fair Value	5,341,779	1,683,594
12 Months or More, Unrealized Losses	51,556	51,061
Total Fair Value	8,437,422	12,321,941
Total Unrealized Losses	$ 80,041	$ 171,380

Note 8 - Loans and Allowance 34

Note 8 - Loans and Allowance for Credit Losses (Details Textual)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Written Down and Moved to OREO [Member]
Number of Impaired Loans	2		2		2
Real Estate Owned, Transfer to Real Estate Owned			$ 100,000
Paid Off or Charged Off [Member]
Number of Impaired Loans	5		5		5
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down			$ 200,000
Returned To Accrual Status [Member]
Number of Impaired Loans	7		7		7
Impaired Financing Receivable, Recorded Investment	$ 800,000		$ 800,000		$ 800,000
Impaired Loan [Member]
Payments for (Proceeds from) Loans Receivable			200,000
Troubled Debt Restructurings [Member]
Impaired Financing Receivable, Recorded Investment	2,400,000		2,400,000		2,400,000	$ 2,600,000
Real Estate Owned, Transfer to Real Estate Owned			100,000
Proceeds from Impaired Loans, Principal Payment			$ 200,000
Reclassify from TDR to OREO [Member]
Financing Receivable, Modifications, Number of Contracts			1
Increase Due to Restructure [Member]
Financing Receivable, Modifications, Number of Contracts			2
Financing Receivable, Modifications, Recorded Investment	100,000		$ 100,000		100,000
Residential Portfolio Segment [Member]
Real Estate Acquired Through Foreclosure	315,000		315,000		$ 315,000	$ 313,000
Impaired Financing Receivable, Interest Income, Accrual Method	0	$ 0	0	$ 0
Impaired Financing Receivable, Interest Income, Cash Basis Method	$ 0	$ 0	$ 0	$ 0
Number of Impaired Loans	33		33		33	34
Impaired Financing Receivable, Recorded Investment	$ 4,248,417		$ 4,248,417		$ 4,248,417	$ 4,960,451
Impaired Loans, Additions, Number			11
Impaired Loans, Additions, Value			$ 600,000
Financing Receivable, Modifications, Number of Contracts	0	0	2
Financing Receivable, Modifications, Recorded Investment	$ 82,400		$ 82,400		82,400
Real Estate Acquired Through Foreclosure	314,753		314,753		314,753	313,368
Mortgage Loans in Process of Foreclosure, Amount	$ 80,000		$ 80,000		$ 80,000	$ 234,000
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0				0

Note 8 - Loans and Allowance 35

Note 8 - Loans and Allowance for Credit Losses - Components of Loans, Net of Deferred Loan Costs (Fees) (Details) - USD ($)	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member]
Loans acquired with deteriorated credit quality	$ 101,234,009		$ 99,254,737
Less: Allowance for loan losses	(1,574,598)	$ (1,602,619)	(1,727,582)	$ (1,986,275)	$ (1,956,183)	$ (1,812,448)
Residential Portfolio Segment [Member] | Multi-family Loans [Member]
Loans acquired with deteriorated credit quality	4,238,801		3,969,207
Less: Allowance for loan losses	(167,485)	(162,149)	(142,237)	(143,970)	(131,280)	(121,918)
Residential Portfolio Segment [Member]
Loans acquired with deteriorated credit quality	105,472,810		103,223,944
Nonresidential Real Estate Portfolio Segment [Member]
Loans acquired with deteriorated credit quality	21,410,232		20,177,322
Less: Allowance for loan losses	(275,347)	(206,250)	(198,340)	(243,010)	(228,173)	(245,098)
Commercial Portfolio Segment [Member]
Loans acquired with deteriorated credit quality	11,296,176		12,069,815
Less: Allowance for loan losses	(53,256)	(49,443)	(51,306)	(32,650)	(43,966)	(35,947)
Consumer Portfolio Segment [Member]
Loans acquired with deteriorated credit quality	2,352,054		1,651,371
Less: Allowance for loan losses	(60,491)	(51,597)	(37,187)	(29,199)	(20,942)	(10,804)
Purchased Auto Loans [Member]
Loans acquired with deteriorated credit quality	11,872,632		5,211,755
Less: Allowance for loan losses	(156,864)	(119,786)	(67,354)	(93,112)	(106,281)	(88,392)
Non-mortgage Loans [Member]
Loans acquired with deteriorated credit quality	46,931,094		39,110,263
Loans acquired with deteriorated credit quality	152,403,904		142,334,207
Less: Allowance for loan losses	(2,288,041)	$ (2,191,844)	(2,224,006)	$ (2,528,216)	$ (2,486,825)	$ (2,314,607)
Loans, net	$ 150,115,863		$ 140,110,201

Note 8 - Loans and Allowance 36

Note 8 - Loans and Allowance for Credit Losses - Carrying Amount of Loans Acquired in Twin Oaks Merger (Details) - USD ($)	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Twin Oaks [Member]
Loans acquired with deteriorated credit quality	$ 19,534,847		$ 20,752,355
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member]
Loans acquired with deteriorated credit quality	101,234,009		99,254,737
Less: Allowance for loan losses	(1,574,598)	$ (1,602,619)	(1,727,582)	$ (1,986,275)	$ (1,956,183)	$ (1,812,448)
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Twin Oaks [Member]
Loans acquired with deteriorated credit quality	275,635		294,020
Residential Portfolio Segment [Member] | Multi-family Loans [Member]
Loans acquired with deteriorated credit quality	4,238,801		3,969,207
Less: Allowance for loan losses	(167,485)	(162,149)	(142,237)	(143,970)	(131,280)	(121,918)
Residential Portfolio Segment [Member] | Twin Oaks [Member]
Loans acquired with deteriorated credit quality	19,810,482		21,046,375
Residential Portfolio Segment [Member]
Loans acquired with deteriorated credit quality	105,472,810		103,223,944
Nonresidential Real Estate Portfolio Segment [Member] | Twin Oaks [Member]
Loans acquired with deteriorated credit quality	2,621,673		2,685,987
Nonresidential Real Estate Portfolio Segment [Member]
Loans acquired with deteriorated credit quality	21,410,232		20,177,322
Less: Allowance for loan losses	(275,347)	(206,250)	(198,340)	(243,010)	(228,173)	(245,098)
Commercial Portfolio Segment [Member] | Twin Oaks [Member]
Loans acquired with deteriorated credit quality	819,509		852,077
Commercial Portfolio Segment [Member]
Loans acquired with deteriorated credit quality	11,296,176		12,069,815
Less: Allowance for loan losses	(53,256)	(49,443)	(51,306)	(32,650)	(43,966)	(35,947)
Consumer Portfolio Segment [Member] | Twin Oaks [Member]
Loans acquired with deteriorated credit quality	334,859		541,174
Consumer Portfolio Segment [Member]
Loans acquired with deteriorated credit quality	2,352,054		1,651,371
Less: Allowance for loan losses	(60,491)	(51,597)	(37,187)	(29,199)	(20,942)	(10,804)
Non-mortgage Loans [Member] | Twin Oaks [Member]
Loans acquired with deteriorated credit quality	3,776,041		4,079,238
Non-mortgage Loans [Member]
Loans acquired with deteriorated credit quality	46,931,094		39,110,263
Twin Oaks [Member]
Loans acquired with deteriorated credit quality	23,586,523		25,125,613
Less: Allowance for loan losses	(100,000)		(85,000)
Loans, net	23,486,523		25,040,613
Loans acquired with deteriorated credit quality	152,403,904		142,334,207
Less: Allowance for loan losses	(2,288,041)	$ (2,191,844)	(2,224,006)	$ (2,528,216)	$ (2,486,825)	$ (2,314,607)
Loans, net	$ 150,115,863		$ 140,110,201

Note 8 - Loans and Allowance 37

Note 8 - Loans and Allowance for Credit Losses - Purchases of Loans Receivable (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Purchased Auto Loans [Member]
Purchased auto loans	$ 3,333,888	$ 0	$ 8,341,280

Note 8 - Loans and Allowance 38

Note 8 - Loans and Allowance for Credit Losses - Net (Charge-offs) / Recoveries (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member]
Net (charge-offs)/recoveries	$ (40,012)	$ 35,393	$ (191,027)	$ 83,959
Residential Portfolio Segment [Member] | Multi-family Loans [Member]
Net (charge-offs)/recoveries	3,971	(25,597)	7,943	(25,949)
Nonresidential Real Estate Portfolio Segment [Member]
Net (charge-offs)/recoveries	0	0
Commercial Portfolio Segment [Member]
Net (charge-offs)/recoveries	0	0
Consumer Portfolio Segment [Member]
Net (charge-offs)/recoveries	1,727	(20,183)	3,454	(43,671)
Purchased Auto Loans [Member]
Net (charge-offs)/recoveries	(26,989)	(3,222)	(33,835)	(20,730)
Net (charge-offs)/recoveries	$ (61,303)	$ (13,609)	$ (213,465)	$ (6,391)

Note 8 - Loans and Allowance 39

Note 8 - Loans and Allowance for Credit Losses - Recorded Investment in Loans and the Related Allowances (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Dec. 31, 2015
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Balance at beginning of period			$ 15,828
Balance at end of period	$ 21,913		21,913
Loans acquired with deteriorated credit quality					$ 498,912	$ 575,605
Loans acquired with deteriorated credit quality	21,913		21,913		21,913	15,828
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member]
Balance at beginning of period	1,602,619	$ 1,956,183	1,727,582	$ 1,812,448
Provision for loan losses	11,991	(5,301)	38,043	89,868
Loans charged off	(40,672)	(10,057)	(230,566)	(10,057)
Recoveries of loans previously charged off	660	45,450	39,539	94,016
Balance at end of period	1,574,598	1,986,275	1,574,598	1,986,275
Loans individually evaluated for impairment					1,826,949	2,311,855
Loans acquired with deteriorated credit quality					101,234,009	99,254,737
Loans collectively evaluated for impairment					98,908,148	96,367,277
Loans individually evaluated for impairment					61,655	295,770
Loans acquired with deteriorated credit quality	1,602,619	1,956,183	1,574,598	1,986,275	1,574,598	1,727,582
Loans collectively evaluated for impairment					1,491,030	1,415,984
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Balance at beginning of period			0
Balance at end of period	0		0
Loans acquired with deteriorated credit quality					0	0
Loans acquired with deteriorated credit quality	0		0		0	0
Residential Portfolio Segment [Member] | Multi-family Loans [Member]
Balance at beginning of period	162,149	131,280	142,237	121,918
Provision for loan losses	1,365	38,287	17,305	48,001
Loans charged off	0	(29,569)	0	(33,892)
Recoveries of loans previously charged off	3,971	3,972	7,943	7,943
Balance at end of period	167,485	143,970	167,485	143,970
Loans individually evaluated for impairment					0	0
Loans acquired with deteriorated credit quality					4,238,801	3,969,207
Loans collectively evaluated for impairment					4,238,801	3,969,207
Loans individually evaluated for impairment					0	0
Loans acquired with deteriorated credit quality	162,149	131,280	167,485	143,970	167,485	142,237
Loans collectively evaluated for impairment					167,485	142,237
Residential Portfolio Segment [Member]
Loans acquired with deteriorated credit quality					105,472,810	103,223,944
Nonresidential Real Estate Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Balance at beginning of period			0
Balance at end of period	0		0
Loans acquired with deteriorated credit quality					0	0
Loans acquired with deteriorated credit quality	0		0		0	0
Nonresidential Real Estate Portfolio Segment [Member]
Balance at beginning of period	206,250	228,173	198,340	245,098
Provision for loan losses	69,097	14,837	77,007	(2,088)
Loans charged off	0	0	0	0
Recoveries of loans previously charged off	0	0	0	0
Balance at end of period	275,347	243,010	275,347	243,010
Loans individually evaluated for impairment					1,911,875	2,069,922
Loans acquired with deteriorated credit quality					21,410,232	20,177,322
Loans collectively evaluated for impairment					19,498,357	18,107,400
Loans individually evaluated for impairment					133,061	75,086
Loans acquired with deteriorated credit quality	206,250	228,173	275,347	243,010	275,347	198,340
Loans collectively evaluated for impairment					142,286	123,254
Commercial Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Balance at beginning of period			0
Balance at end of period	0		0
Loans acquired with deteriorated credit quality					0	0
Loans acquired with deteriorated credit quality	0		0		0	0
Commercial Portfolio Segment [Member]
Balance at beginning of period	49,443	43,966	51,306	35,947
Provision for loan losses	3,813	(11,316)	1,950	(3,297)
Loans charged off	0	0	0	0
Recoveries of loans previously charged off	0	0	0	0
Balance at end of period	53,256	32,650	53,256	32,650
Loans individually evaluated for impairment					0	0
Loans acquired with deteriorated credit quality					11,296,176	12,069,815
Loans collectively evaluated for impairment					11,296,176	12,069,815
Loans individually evaluated for impairment					0	0
Loans acquired with deteriorated credit quality	49,443	43,966	53,256	32,650	53,256	51,306
Loans collectively evaluated for impairment					53,256	51,306
Consumer Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Balance at beginning of period			0
Balance at end of period	0		0
Loans acquired with deteriorated credit quality					0	0
Loans acquired with deteriorated credit quality	0		0		0	0
Consumer Portfolio Segment [Member]
Balance at beginning of period	51,597	20,942	37,187	10,804
Provision for loan losses	7,167	28,440	19,850	62,066
Loans charged off	0	(21,383)	0	(46,408)
Recoveries of loans previously charged off	1,727	1,200	3,454	2,737
Balance at end of period	60,491	29,199	60,491	29,199
Loans individually evaluated for impairment					0	0
Loans acquired with deteriorated credit quality					2,352,054	1,651,371
Loans collectively evaluated for impairment					2,352,054	1,651,371
Loans individually evaluated for impairment					0	0
Loans acquired with deteriorated credit quality	51,597	20,942	60,491	29,199	60,491	37,187
Loans collectively evaluated for impairment					60,491	37,187
Purchased Auto Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Balance at beginning of period			0
Balance at end of period	0		0
Loans acquired with deteriorated credit quality					0	0
Loans acquired with deteriorated credit quality	0		0		0	0
Purchased Auto Loans [Member]
Balance at beginning of period	119,786	106,281	67,354	88,392
Provision for loan losses	64,067	(9,947)	123,345	25,450
Loans charged off	(29,613)	(4,629)	(38,293)	(24,290)
Recoveries of loans previously charged off	2,624	1,407	4,458	3,560
Balance at end of period	156,864	93,112	156,864	93,112
Loans individually evaluated for impairment					10,681	3,069
Loans acquired with deteriorated credit quality					11,872,632	5,211,755
Loans collectively evaluated for impairment					11,861,951	5,208,686
Loans individually evaluated for impairment					5,341	0
Loans acquired with deteriorated credit quality	119,786	106,281	156,864	93,112	156,864	67,354
Loans collectively evaluated for impairment					151,523	67,354
Receivables Acquired with Deteriorated Credit Quality [Member]
Balance at beginning of period			15,828
Balance at end of period	21,913		21,913
Loans acquired with deteriorated credit quality					498,912	575,605
Loans acquired with deteriorated credit quality	21,913		21,913		21,913	15,828
Balance at beginning of period	2,191,844	2,486,825	2,224,006	2,314,607
Provision for loan losses	157,500	55,000	277,500	220,000
Loans charged off	(70,285)	(65,638)	(268,859)	(114,647)
Recoveries of loans previously charged off	8,982	52,029	55,394	108,256
Balance at end of period	2,288,041	2,528,216	2,288,041	2,528,216
Loans individually evaluated for impairment					3,749,505	4,384,846
Loans acquired with deteriorated credit quality					152,403,904	142,334,207
Loans collectively evaluated for impairment					148,155,487	137,373,756
Loans individually evaluated for impairment					200,057	370,856
Loans acquired with deteriorated credit quality	$ 2,288,041	$ 2,486,825	$ 2,288,041	$ 2,528,216	2,288,041	2,224,006
Loans collectively evaluated for impairment					$ 2,066,071	$ 1,837,322

Note 8 - Loans and Allowance 40

Note 8 - Loans and Allowance for Credit Losses - Loans Individually Evaluated for Impairment (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member]
Unpaid Contractual Principal Balance	$ 2,429,873	$ 3,014,703
Recorded Investment With No Allowance	1,695,600	1,902,819
Recorded Investment With Allowance	630,261	984,641
Impaired Financing Receivable, Recorded Investment	2,325,861	2,887,460
Related Allowance	83,568	311,598
Average Recorded Investment	2,888,717	3,596,800
Residential Portfolio Segment [Member] | Multi-family Loans [Member]
Unpaid Contractual Principal Balance	0	0
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	0	0
Impaired Financing Receivable, Recorded Investment	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Nonresidential Real Estate Portfolio Segment [Member]
Unpaid Contractual Principal Balance	1,911,875	2,069,922
Recorded Investment With No Allowance	279,914	389,961
Recorded Investment With Allowance	1,631,961	1,679,961
Impaired Financing Receivable, Recorded Investment	1,911,875	2,069,922
Related Allowance	133,061	75,086
Average Recorded Investment	1,991,270	2,114,684
Commercial Portfolio Segment [Member]
Unpaid Contractual Principal Balance	0	0
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	0	0
Impaired Financing Receivable, Recorded Investment	0	0
Related Allowance	0	0
Average Recorded Investment	0	21,789
Consumer Portfolio Segment [Member]
Unpaid Contractual Principal Balance	0	0
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	0	0
Impaired Financing Receivable, Recorded Investment	0	0
Related Allowance	0	0
Average Recorded Investment	0	3,464
Purchased Auto Loans [Member]
Unpaid Contractual Principal Balance	10,681	3,069
Recorded Investment With No Allowance	0	3,069
Recorded Investment With Allowance	10,681	0
Impaired Financing Receivable, Recorded Investment	10,681	3,069
Related Allowance	5,341	0
Average Recorded Investment	4,583	6,574
Unpaid Contractual Principal Balance	4,352,429	5,087,694
Recorded Investment With No Allowance	1,975,514	2,295,849
Recorded Investment With Allowance	2,272,903	2,664,602
Impaired Financing Receivable, Recorded Investment	4,248,417	4,960,451
Related Allowance	221,970	386,684
Average Recorded Investment	$ 4,884,570	$ 5,743,311

Note 8 - Loans and Allowance 41

Note 8 - Loans and Allowance for Credit Losses - Troubled Debt Restructurings (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015	Jun. 30, 2016USD ($)
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member]
Financing Receivable, Modifications, Number of Contracts			2
Financing Receivable, Modifications, Recorded Investment	$ 82,400		$ 82,400
Financing Receivable, Modifications, Number of Contracts	0	0	2
Financing Receivable, Modifications, Recorded Investment	$ 82,400		$ 82,400

Note 8 - Loans and Allowance 42

Note 8 - Loans and Allowance for Credit Losses - Nonaccrual Loans and Loans Past Due Over 90 Days (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member]
Nonaccrual Loans	$ 2,417,760	$ 2,982,386
Loans Past Due Over 90 Days Still Accruing	0	0
Residential Portfolio Segment [Member] | Multi-family Loans [Member]
Nonaccrual Loans	0	0
Loans Past Due Over 90 Days Still Accruing	0	0
Nonresidential Real Estate Portfolio Segment [Member]
Nonaccrual Loans	1,911,875	2,069,922
Loans Past Due Over 90 Days Still Accruing	0	0
Commercial Portfolio Segment [Member]
Nonaccrual Loans	0	0
Loans Past Due Over 90 Days Still Accruing	0	0
Consumer Portfolio Segment [Member]
Nonaccrual Loans	0	0
Loans Past Due Over 90 Days Still Accruing	0	0
Purchased Auto Loans [Member]
Nonaccrual Loans	10,681	3,069
Loans Past Due Over 90 Days Still Accruing	0	0
Nonaccrual Loans	4,340,316	5,055,377
Loans Past Due Over 90 Days Still Accruing	$ 0	$ 0

Note 8 - Loans and Allowance 43

Note 8 - Loans and Allowance for Credit Losses - Aging of the Recorded Investment in Loans (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	$ 1,590,480	$ 1,251,155
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	534,471	753,597
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	598,860	737,042
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member]
Loans past due	2,723,811	2,741,794
Loans, current	98,510,198	96,512,943
Loans acquired with deteriorated credit quality	101,234,009	99,254,737
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	0	31,274
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	0	0
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	0	0
Residential Portfolio Segment [Member] | Multi-family Loans [Member]
Loans past due	0	31,274
Loans, current	4,238,801	3,937,933
Loans acquired with deteriorated credit quality	4,238,801	3,969,207
Residential Portfolio Segment [Member]
Loans acquired with deteriorated credit quality	105,472,810	103,223,944
Nonresidential Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due		847,216
Nonresidential Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	111,146	112,739
Nonresidential Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	279,914	18,127
Nonresidential Real Estate Portfolio Segment [Member]
Loans past due	391,060	978,082
Loans, current	21,019,172	19,199,240
Loans acquired with deteriorated credit quality	21,410,232	20,177,322
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	1,593	9,086
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	0	0
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	0	0
Commercial Portfolio Segment [Member]
Loans past due	1,593	9,086
Loans, current	11,294,583	12,060,729
Loans acquired with deteriorated credit quality	11,296,176	12,069,815
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	1,007	4,814
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	0	0
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	0	0
Consumer Portfolio Segment [Member]
Loans past due	1,007	4,814
Loans, current	2,351,047	1,646,557
Loans acquired with deteriorated credit quality	2,352,054	1,651,371
Purchased Auto Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	0	2,391
Purchased Auto Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	0	0
Purchased Auto Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	10,681	3,069
Purchased Auto Loans [Member]
Loans past due	10,681	5,460
Loans, current	11,861,951	5,206,295
Loans acquired with deteriorated credit quality	11,872,632	5,211,755
Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	1,593,080	2,145,936
Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	645,617	866,336
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	889,455	758,238
Loans past due	3,128,152	3,770,510
Loans, current	149,275,752	138,563,697
Loans acquired with deteriorated credit quality	$ 152,403,904	$ 142,334,207

Note 8 - Loans and Allowance 44

Note 8 - Loans and Allowance for Credit Losses - Loans by Risk Category (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Pass [Member]
Loans acquired with deteriorated credit quality	$ 0	$ 0
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Special Mention [Member]
Loans acquired with deteriorated credit quality	1,363,073	692,601
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Substandard [Member]
Loans acquired with deteriorated credit quality	2,325,861	2,887,460
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Doubtful [Member]
Loans acquired with deteriorated credit quality	0	0
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Not Rated [Member]
Loans acquired with deteriorated credit quality	97,545,075	95,674,676
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member]
Loans acquired with deteriorated credit quality	101,234,009	99,254,737
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Pass [Member]
Loans acquired with deteriorated credit quality	0	0
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Special Mention [Member]
Loans acquired with deteriorated credit quality	131,281	0
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Substandard [Member]
Loans acquired with deteriorated credit quality	0	0
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Doubtful [Member]
Loans acquired with deteriorated credit quality	0	0
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Not Rated [Member]
Loans acquired with deteriorated credit quality	4,107,520	3,969,207
Residential Portfolio Segment [Member] | Multi-family Loans [Member]
Loans acquired with deteriorated credit quality	4,238,801	3,969,207
Residential Portfolio Segment [Member]
Loans acquired with deteriorated credit quality	105,472,810	103,223,944
Nonresidential Real Estate Portfolio Segment [Member] | Pass [Member]
Loans acquired with deteriorated credit quality	19,300,779	18,083,194
Nonresidential Real Estate Portfolio Segment [Member] | Special Mention [Member]
Loans acquired with deteriorated credit quality	197,578	24,206
Nonresidential Real Estate Portfolio Segment [Member] | Substandard [Member]
Loans acquired with deteriorated credit quality	1,911,875	2,069,922
Nonresidential Real Estate Portfolio Segment [Member] | Doubtful [Member]
Loans acquired with deteriorated credit quality	0	0
Nonresidential Real Estate Portfolio Segment [Member] | Not Rated [Member]
Loans acquired with deteriorated credit quality	0	0
Nonresidential Real Estate Portfolio Segment [Member]
Loans acquired with deteriorated credit quality	21,410,232	20,177,322
Commercial Portfolio Segment [Member] | Pass [Member]
Loans acquired with deteriorated credit quality	11,296,176	12,069,815
Commercial Portfolio Segment [Member] | Special Mention [Member]
Loans acquired with deteriorated credit quality	0	0
Commercial Portfolio Segment [Member] | Substandard [Member]
Loans acquired with deteriorated credit quality	0	0
Commercial Portfolio Segment [Member] | Doubtful [Member]
Loans acquired with deteriorated credit quality	0	0
Commercial Portfolio Segment [Member] | Not Rated [Member]
Loans acquired with deteriorated credit quality	0	0
Commercial Portfolio Segment [Member]
Loans acquired with deteriorated credit quality	11,296,176	12,069,815
Consumer Portfolio Segment [Member] | Pass [Member]
Loans acquired with deteriorated credit quality	0	0
Consumer Portfolio Segment [Member] | Special Mention [Member]
Loans acquired with deteriorated credit quality	0	0
Consumer Portfolio Segment [Member] | Substandard [Member]
Loans acquired with deteriorated credit quality	0	0
Consumer Portfolio Segment [Member] | Doubtful [Member]
Loans acquired with deteriorated credit quality	0	0
Consumer Portfolio Segment [Member] | Not Rated [Member]
Loans acquired with deteriorated credit quality	2,352,054	1,651,371
Consumer Portfolio Segment [Member]
Loans acquired with deteriorated credit quality	2,352,054	1,651,371
Purchased Auto Loans [Member] | Pass [Member]
Loans acquired with deteriorated credit quality	0	0
Purchased Auto Loans [Member] | Special Mention [Member]
Loans acquired with deteriorated credit quality	0	0
Purchased Auto Loans [Member] | Substandard [Member]
Loans acquired with deteriorated credit quality	10,681	3,069
Purchased Auto Loans [Member] | Doubtful [Member]
Loans acquired with deteriorated credit quality	0	0
Purchased Auto Loans [Member] | Not Rated [Member]
Loans acquired with deteriorated credit quality	11,861,951	5,208,686
Purchased Auto Loans [Member]
Loans acquired with deteriorated credit quality	11,872,632	5,211,755
Pass [Member]
Loans acquired with deteriorated credit quality	30,596,955	30,153,009
Special Mention [Member]
Loans acquired with deteriorated credit quality	1,691,932	716,807
Substandard [Member]
Loans acquired with deteriorated credit quality	4,248,417	4,960,451
Doubtful [Member]
Loans acquired with deteriorated credit quality	0	0
Not Rated [Member]
Loans acquired with deteriorated credit quality	115,866,600	106,503,940
Loans acquired with deteriorated credit quality	$ 152,403,904	$ 142,334,207

Note 9 - Stock Compensation (De

Note 9 - Stock Compensation (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Management Recognition Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0
Allocated Share-based Compensation Expense	$ 5,000	$ 9,000

Note 11 - Fair Value Measurem46

Note 11 - Fair Value Measurement and Disclosure (Details Textual) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Inputs, Level 1 [Member]
Available-for-sale Securities	$ 0	$ 0
Fair Value, Inputs, Level 3 [Member]
Available-for-sale Securities	0	0
Available-for-sale Securities	$ 45,821,865	$ 46,984,907

Note 11 - Fair Value Measurem47

Note 11 - Fair Value Measurement and Disclosure - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale Securities	$ 0	$ 0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale Securities	18,917,721	19,237,208
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale Securities	0	0
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale Securities	18,917,721	19,237,208
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale Securities	0	0
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale Securities	26,904,144	27,747,699
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale Securities	0	0
Residential Mortgage Backed Securities [Member]
Available-for-sale Securities	26,904,144	27,747,699
Fair Value, Inputs, Level 1 [Member]
Available-for-sale Securities	0	0
Fair Value, Inputs, Level 2 [Member]
Available-for-sale Securities	45,821,865	46,984,907
Fair Value, Inputs, Level 3 [Member]
Available-for-sale Securities	0	0
Available-for-sale Securities	$ 45,821,865	$ 46,984,907

Note 11 - Fair Value Measurem48

Note 11 - Fair Value Measurement and Disclosure - Assets Measured at Fair Value On a Non-recurring Basis (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Inputs, Level 1 [Member]
Foreclosed assets, fair value	$ 0	$ 0
Impaired loans, net, fair value	0	0
Fair Value, Inputs, Level 2 [Member]
Foreclosed assets, fair value	0	0
Impaired loans, net, fair value	0	0
Fair Value, Inputs, Level 3 [Member]
Foreclosed assets, fair value	334,253	330,245
Impaired loans, net, fair value	2,050,933	2,277,918
Foreclosed assets, fair value	334,253	330,245
Impaired loans, net, fair value	$ 2,050,933	$ 2,277,918

Note 11 - Fair Value Measurem49

Note 11 - Fair Value Measurement and Disclosure - Quantitative Information About Assets Measured at Fair Value (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Market Approach Valuation Technique [Member] | Foreclosed Assets [Member] | Minimum [Member]
Appraisal adjustments	(6.70%)	(6.70%)
Market Approach Valuation Technique [Member] | Foreclosed Assets [Member] | Maximum [Member]
Appraisal adjustments	(89.10%)	(63.60%)
Market Approach Valuation Technique [Member] | Foreclosed Assets [Member]
Assets, Fair Value Disclosure, Nonrecurring	$ 334,253	$ 330,245
Market Approach Valuation Technique [Member] | Impaired Loans [Member] | Minimum [Member]
Appraisal adjustments	(24.80%)	(10.00%)
Market Approach Valuation Technique [Member] | Impaired Loans [Member] | Maximum [Member]
Appraisal adjustments	(53.60%)	(70.00%)
Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Assets, Fair Value Disclosure, Nonrecurring	$ 1,761,986	$ 2,170,027
Income Approach Valuation Technique [Member] | Impaired Loans [Member]
Assets, Fair Value Disclosure, Nonrecurring	$ 288,947	$ 107,891
Discount Rate	10.00%	10.00%

Note 11 - Fair Value Measurem50

Note 11 - Fair Value Measurement and Disclosure - Estimated Fair Values of Financial Instruments (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Reported Value Measurement [Member] | Non-Interest Bearing Deposits [Member]
Non-interest bearing deposits	$ 9,860,488	$ 10,325,832
Reported Value Measurement [Member] | Interest Bearing Deposits Liabilities [Member]
Non-interest bearing deposits	166,243,344	166,409,076
Reported Value Measurement [Member]
Cash and cash equivalents	2,566,232	7,135,719
Time deposits	250,000	250,000
Federal funds sold		1,604,000
Securities	46,575,186	48,343,028
Accrued interest receivable	841,408	775,641
Net loans	150,115,863	140,110,201
Loans held for sale	506,544
Mortgage servicing rights	313,482	285,927
Accrued interest payable	1,371	394
FHLB advances	1,128,961	2,139,117
Federal funds purchased	3,705,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Non-Interest Bearing Deposits [Member]
Non-interest bearing deposits	9,860,488	10,325,832
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Bearing Deposits Liabilities [Member]
Non-interest bearing deposits
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	2,566,232	7,135,719
Time deposits	250,000	250,000
Federal funds sold		1,604,000
Securities
Accrued interest receivable	841,408	775,641
Net loans
Loans held for sale	506,544
Mortgage servicing rights
Accrued interest payable	1,371	394
FHLB advances
Federal funds purchased	3,705,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Non-Interest Bearing Deposits [Member]
Non-interest bearing deposits
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Bearing Deposits Liabilities [Member]
Non-interest bearing deposits
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents
Time deposits
Federal funds sold
Securities	45,821,865	46,984,907
Accrued interest receivable
Net loans
Loans held for sale
Mortgage servicing rights
Accrued interest payable
FHLB advances	1,128,961	2,139,117
Federal funds purchased
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Non-Interest Bearing Deposits [Member]
Non-interest bearing deposits
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Bearing Deposits Liabilities [Member]
Non-interest bearing deposits	162,302,512	161,173,168
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents
Time deposits
Federal funds sold
Securities	753,321	1,358,121
Accrued interest receivable
Net loans	151,767,000	141,665,000
Loans held for sale
Mortgage servicing rights	313,482	285,927
Accrued interest payable
FHLB advances
Federal funds purchased
Estimate of Fair Value Measurement [Member] | Non-Interest Bearing Deposits [Member]
Non-interest bearing deposits	9,860,488	10,325,832
Estimate of Fair Value Measurement [Member] | Interest Bearing Deposits Liabilities [Member]
Non-interest bearing deposits	162,302,512	161,173,168
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	2,566,232	7,135,719
Time deposits	250,000	250,000
Federal funds sold		1,604,000
Securities	46,575,186	48,343,028
Accrued interest receivable	841,408	775,641
Net loans	151,767,000	141,665,000
Loans held for sale	506,544
Mortgage servicing rights	313,482	285,927
Accrued interest payable	1,371	394
FHLB advances	1,128,961	$ 2,139,117
Federal funds purchased	$ 3,705,000

Note 12 - Acquisition (Details

Note 12 - Acquisition (Details Textual) - USD ($)	Dec. 31, 2014	Jun. 30, 2015	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 30, 2014
Twin Oaks [Member]
Stock Issued During Period, Shares, New Issues	776,144
Business Acquisition, Share Price	$ 9.18
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ 7,125,000
Ottawa Savings Bancorp MHC [Member]
Stock Issued During Period, Shares, New Issues	776,144
Noncontrolling Interest, Ownership Percentage by Parent	69.10%		69.10%				57.80%
Twin Oaks [Member] | Loans Receivable [Member] | Estimate of Fair Value Measurement [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	$ 29,795,910
Twin Oaks [Member] | Loans Receivable [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	31,831,910
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance	407,000
Certain Loans Acquired in Transfer, Accretable Yield	573,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net	166,000
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, Contractually Required Payments Receivable at Acquisition	3,194,000
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, Cash Flows Expected to be Collected at Acquisition	1,324,000
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Carrying Amount, Net	1,870,000
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield	362,000
Certain Loans Acquired in Transfer, Nonaccretable Difference	1,508,000
Twin Oaks [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Combination, Acquired Receivables, Gross Contractual Amount			$ 1,124,000		$ 1,208,000
Twin Oaks [Member]
Business Combination, Acquisition Related Costs		$ 850,000
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		$ 302,375	$ 124,583
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield	$ 362,000			$ 157,111	$ 175,342	$ 357,656

Note 12 - Acquisition - Loans A

Note 12 - Acquisition - Loans Acquired With Deteriorated Credit Quality (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Twin Oaks [Member]
Payment activity	$ (60,051)	$ (74,559)	$ (91,903)	$ (113,141)
Charge-offs		(53,014)		(68,973)
Transfer to OREO			(44,417)
Accretion to income	32,528	55,281	59,627	59,625
Balance, end of year	498,912	1,201,159	498,912	1,201,159
Balance, beginning of period	$ 526,435	$ 1,273,451	$ 575,605	$ 1,323,648

Note 12 - Acquisition - Accreta

Note 12 - Acquisition - Accretable Yield of Loans Acquired With Deteriorated Credit Quality (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Twin Oaks [Member]
Net reclassification from non-accretable yield			$ 8,868
Accretion into interest income	(32,528)	(55,281)	(59,627)	(59,625)
Balance, end of year	124,583	302,375	124,583	302,375
Balance, beginning of period	$ 157,111	$ 357,656	$ 175,342	$ 362,000