Carroll Bancorp (CROL) 10-Q 10 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 10, 2016
Document Information [Line Items]
Entity Registrant Name	Carroll Bancorp, Inc.
Entity Central Index Key	1,515,069
Trading Symbol	crol
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)		965,218
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Assets:
Cash and due from banks	$ 1,287,139	$ 1,583,914
Interest-bearing deposits with depository institutions	18,347,957	6,623,853
Cash and cash equivalents	19,635,096	8,207,767
Certificates of deposit with depository institutions	2,450,165	2,450,248
Securities available for sale, at fair value	4,127,674	4,812,384
Securities held to maturity (fair value September 30, 2016 $3,039,429 and December 31, 2015 $2,011,900)	2,978,315	2,005,775
Loans, net of allowance for loan losses - September 30, 2016 $959,000 and December 31, 2015 $901,000	130,489,056	128,433,411
Accrued interest receivable	404,978	403,535
Other equity securities, at cost	816,096	869,296
Bank-owned life insurance	2,149,663	2,107,770
Premises and equipment, net	1,406,198	1,303,648
Foreclosed assets	146,410	199,374
Other assets	548,690	544,059
Total assets	165,152,341	151,337,267
Deposits
Noninterest-bearing	8,832,647	8,718,993
Interest-bearing	127,061,474	113,382,169
Total deposits	135,894,121	122,101,162
Federal Home Loan Bank Advances	12,500,000	12,500,000
Other liabilities	461,117	442,935
Total liabilities	148,855,238	135,044,097
Stockholders' Equity:
Preferred Stock (par value $0.01); authorized 1,000,000 shares; no shares issued and outstanding
Common Stock (par value $0.01); authorized 9,000,000 shares; issued and outstanding 965,218 shares at September 30, 2016 and 978,279 shares at December 31, 2015	9,652	9,783
Additional paid-in capital	12,602,050	12,799,995
Unallocated ESOP shares	(261,088)	(261,088)
Unearned RSP shares	(129,032)	(144,599)
Retained earnings	4,051,558	3,886,581
Accumulated other comprehensive income	23,963	2,498
Total stockholders' equity	16,297,103	16,293,170
Total liabilities and stockholders' equity	$ 165,152,341	$ 151,337,267

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Current Period Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Securities held to maturity, fair value	$ 3,039,429	$ 2,011,900
Loans, allowance for loan losses	$ 959,000	$ 901,000
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	9,000,000	9,000,000
Common stock, shares issued (in shares)	965,218	978,279
Common stock, shares outstanding (in shares)	965,218	978,279

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest income:
Loans	$ 1,383,855	$ 1,277,344	$ 4,165,048	$ 3,574,693
Securities available for sale	20,162	23,751	65,437	79,427
Securities held to maturity	28,792	13,209	80,745	39,593
Certificates of deposit	10,739	10,456	31,992	31,534
Interest-earning deposits	27,250	8,558	70,916	25,629
Total interest income	1,470,798	1,333,318	4,414,138	3,750,876
Interest expense:
Deposits	221,361	126,823	591,404	376,492
Borrowings	46,703	34,493	140,510	95,953
Total interest expense	268,064	161,316	731,914	472,445
Net interest income	1,202,734	1,172,002	3,682,224	3,278,431
Provision for loan losses	2,156	35,165	39,306	93,317
Net interest income after provision for loan losses	1,200,578	1,136,837	3,642,918	3,185,114
Non-interest income:
Gain (loss) on sale of securities		1,136	(1,061)	1,036
Gain on loans held for sale	12,586	3,063	58,676	5,250
OREO write down	(55)		(30,519)
Increase in cash surrender value - life insurance	13,863	14,204	41,893	41,975
Customer service fees	28,637	23,240	78,422	63,652
Loan fee income	6,772	7,182	26,971	20,001
Other income	5,170	2,663	14,214	10,917
Total non-interest income	66,973	51,488	188,596	142,831
Non-interest expense:
Salaries and employee benefits	694,102	555,580	2,004,805	1,630,713
Premises and equipment	138,576	111,576	404,317	292,363
Data processing	123,562	115,224	373,759	328,608
Professional fees	66,954	91,231	256,447	249,474
FDIC insurance	25,993	17,094	80,639	51,260
Directors' fees	38,025	55,000	133,150	160,700
Corporate insurance	12,025	10,810	36,080	31,330
Printing and office supplies	12,749	13,369	35,018	30,804
Other operating expenses	101,569	81,524	280,195	217,154
Total non-interest expenses	1,213,555	1,051,408	3,604,410	2,992,406
Income before income tax expense	53,996	136,917	227,104	335,539
Income tax expense	11,847	55,957	62,127	124,244
Net income	$ 42,149	$ 80,960	$ 164,977	$ 211,295
Basic earnings per share (in dollars per share)	$ 0.05	$ 0.09	$ 0.18	$ 0.24
Diluted earnings per share (in dollars per share)	$ 0.04	$ 0.08	$ 0.17	$ 0.23
Basic weighted average shares outstanding (in shares)	931,974	938,982	935,586	894,969
Diluted weighted average shares outstanding (in shares)	949,527	961,152	954,039	913,845

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net income	$ 42,149	$ 80,960	$ 164,977	$ 211,295
Net unrealized holding (losses) gains arising during the period	(22,908)	25,373	34,715	9,191
Less reclassification adjustment for gain (loss) on the sale of securities available for sale included in net income		1,136	(1,061)	1,036
Other comprehensive (loss) income before income tax	(22,908)	24,237	35,776	8,155
Income tax effect	(9,163)	9,695	14,311	3,262
Other comprehensive (loss) income, net of tax	(13,745)	14,542	21,465	4,893
Total comprehensive income	$ 28,404	$ 95,502	$ 186,442	$ 216,188

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Unallocated ESOP Shares [Member}	Unallocated RSP Shares [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2014	$ 4,884	$ 4,873,447	$ (285,447)	$ (170,217)	$ 6,317,654	$ 10,176	$ 10,750,497
Net income					211,295		211,295
Other comprehensive income (loss)						4,893	4,893
RSP compensation		34,367					34,367
Restricted stock vesting		(2,993)		2,993
Warrants exercised	279	370,895					371,174
Stock repurchase	(82)	(133,381)					(133,463)
Balance at Sep. 30, 2015	9,788	12,805,732	(285,447)	(167,224)	3,826,674	15,069	16,204,592
Issuance of 310,848 shares of common stock net of offering costs	3,108	4,962,721					4,965,829
Issuance of 159,898 shares of common stock	1,599	2,700,676			(2,702,275)
Balance at Dec. 31, 2015	9,783	12,799,995	(261,088)	(144,599)	3,886,581	2,498	16,293,170
Net income					164,977		164,977
Other comprehensive income (loss)						21,465	21,465
RSP compensation		35,844					35,844
Restricted stock vesting		(15,567)		15,567
Warrants exercised	19	25,828					25,847
Stock repurchase	(150)	(244,050)					(244,200)
Balance at Sep. 30, 2016	$ 9,652	$ 12,602,050	$ (261,088)	$ (129,032)	$ 4,051,558	$ 23,963	$ 16,297,103

Consolidated Statements of Cha7

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - Common Stock [Member]	9 Months Ended
	Sep. 30, 2015shares
Issuance of shares of common stock (in shares)	310,848
Issuance of shares of common stock for stock dividend (in shares)	159,898

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net income	$ 164,977	$ 211,295
Adjustments to reconcile net income to net cash provided by operating activities:
Loss (gain) on sale of securities available for sale	1,061	(1,036)
Gain on sale of loans held for sale	(58,676)	(5,250)
Origination of loans held for sale	(2,422,500)	(525,000)
Proceeds from sale of loans held for sale	2,481,176	530,250
Amortization and accretion of securities, net	42,673	96,352
Amortization of deferred loan costs, net of origination fees	180,681	21,566
Provision for loan losses	39,306	93,317
Provision for loss on real estate acquired through foreclosure	30,519
Depreciation of premises and equipment	141,092	115,975
Increase in cash surrender value of bank-owned life insurance	(41,893)	(41,975)
ESOP compensation expense	22,500	19,400
RSP compensation expense	35,844	34,367
Increase in deferred tax assets	(12,180)	(37,982)
Increase in accrued interest receivable	(1,443)	(36,841)
(Increase) decrease in other assets	(6,761)	13,713
(Decrease) increase in other liabilities	(4,317)	52,492
Net cash provided by operating activities	592,059	540,643
Cash flows from investing activities:
Purchase of securities held to maturity	(978,214)
Proceeds from sale or redemption of securities available for sale	15,000	3,174,603
Principal collected on securities available for sale	667,508	1,180,409
Maturing of certificate of deposit investments		200,000
Increase in loans	(2,275,634)	(21,059,618)
Purchase of premises and equipment	(243,642)	(160,267)
Proceeds from the sale of real estate acquired through foreclosure	22,446
Purchase of other equity securities	(286,800)	(327,400)
Redemption of other equity securities	340,000
Net cash used in investing activities	(2,739,336)	(16,992,273)
Cash flows from financing activities:
Increase in deposits	13,792,959	8,290,578
Proceeds from FHLB advances	8,000,000	23,500,000
Repayment of FHLB advances	(8,000,000)	(17,000,000)
Warrant exercise	25,847	371,174
Stock repurchase	(244,200)	(133,463)
Proceeds from private placement offering		4,965,829
Net cash provided by financing activities	13,574,606	19,994,118
Net increase in cash and cash equivalents	11,427,329	3,542,488
Cash and cash equivalents, beginning balance	8,207,767	6,909,391
Cash and cash equivalents, ending balance	19,635,096	10,451,879
Supplemental disclosure of cash flow information:
Interest paid	650,014	469,642
Income tax paid	$ 171,946	$ 196,936

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note 1. Summary of Significant Accounting Policies Organization and Nature of Operations Carroll Bancorp, Inc. a Maryland corporation (the “Company”) was incorporated on February 18, 2011, to serve as the holding company for Carroll Community Bank (the “Bank”), a state chartered commercial bank. On October 12, 2011, in accordance with a plan of conversion adopted by its Board of Directors and approved by its members, the Bank converted from a Maryland chartered mutual savings bank to a state chartered commercial bank. The conversion was accomplished through formation of the Company to serve as the holding company of the Bank. The Company’s common stock is quoted on the OTC Pink marketplace of the OTC Markets Group under the symbol “CROL”. In accordance with applicable regulations at the time of the conversion from a mutual holding company to a stock holding company, the Bank substantially restricted its retained earnings by establishing a liquidation account. The liquidation account is maintained for the benefit of eligible account holders who keep their accounts at the Bank after conversion. The liquidation account is reduced annually to the extent that eligible account holders have reduced their qualifying deposits. Subsequent increases will not restore an eligible account holder’s interest in the liquidation account. In the event of a complete liquidation of the Bank, and only in such event, each account holder will be entitled to receive a distribution from the liquidation account in an amount proportionate to the adjusted qualifying account balances then held. The Bank may not pay dividends if those dividends would reduce equity capital below the required liquidation account amount. The Bank is headquartered in Sykesville, Maryland and is a community-oriented financial institution providing financial services to individuals, families and businesses through three banking offices. The Bank is subject to the regulation, examination and supervision by the State of Maryland Department of Licensing and Regulation and the Federal Deposit Insurance Corporation (“FDIC”), our deposit insurer. Its primary deposits are certificate of deposit, savings and demand accounts and its primary lending products are residential and commercial real estate loans. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, the Bank. All significant intercompany balances and transactions between the Company and the Bank have been eliminated. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for losses on loans and the valuation of real estate acquired in connection with foreclosure or in satisfaction of loans. In connection with the determination of the allowance for losses on loans and foreclosed real estate, management obtains independent appraisals for significant properties. Accounting Standards Pending Adoption In May 2014, the Financial Accounting Standards Board (the “FASB”) issued ASU No. 2014-09, Revenue from Contracts with Customers In January 2016, the FASB issued ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU No. 2016-02, Leases The Company is currently evaluating the provisions of ASU No. 2016-02 to determine the potential impact the new standard will have on the Company’s financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensati on—Stock Compensation : Improvements to Employee Share-Based Payment Accounting. The Company is currently evaluating the provisions of ASU No. 2016-09 to determine the potential impact the new standard will have on the Company’s financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Measurement of Credit Losses on Financial Instruments.” Other than the disclosures contained within these statements, the Company has determined that all other recently issued accounting pronouncements will not have a material impact on its consolidated financial statements or do not apply to its operations.

Note 2 - Securities

Note 2 - Securities	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 2. Securities The amortized cost and fair value of securities available for sale and held to maturity at September 30, 2016 and December 31, 2015 are as follows: At September 30, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Securities available for sale: Residential mortgage-backed securities $ 1,851,944 $ 4,996 $ 308 $ 1,856,632 Commercial mortgage-backed securities 2,014,590 33,570 - 2,048,160 Municipal bonds 221,202 1,922 242 222,882 $ 4,087,736 $ 40,488 $ 550 $ 4,127,674 Securities held to maturity: Municipal bonds $ 1,022,920 $ 17,603 $ 112 $ 1,040,411 Corporate bonds 1,955,395 43,623 - 1,999,018 $ 2,978,315 $ 61,226 $ 112 $ 3,039,429 At December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Securities available for sale: Residential mortgage-backed securities $ 2,549,295 $ 12,146 $ 8,818 $ 2,552,623 Commercial mortgage-backed securities 2,017,187 - - 2,017,187 Municipal bonds 241,739 2,503 1,668 242,574 $ 4,808,221 $ 14,649 $ 10,486 $ 4,812,384 Securities held to maturity: Municipal bonds $ 500,000 $ 9,470 $ - $ 509,470 Corporate bonds 1,505,775 250 3,595 1,502,430 $ 2,005,775 $ 9,720 $ 3,595 $ 2,011,900 The Bank had no private label residential mortga ge-backed securities at September 30, 2016 and December 31, 2015 or during the nine months or year then ended, respectively. At September 30, 2016 and December 31, 2015 the carrying amount of securities pledged as collateral for uninsured public fund deposits was $3.1 million and $2.3 million, respectively. The amortized cost and fair value of securities available for sale and held to maturity at September 30, 2016 and December 31, 2015, by contractual maturity, are shown below. Expected maturities for residential mortgage-backed securities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. At September 30, 2016 Securities available for sale Securities held to maturity Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Under 1 year $ - $ - $ - $ - Over 1 year through 5 years 2,337,143 2,372,690 - - After 5 years through 10 years 1,750,593 1,754,984 2,205,394 2,258,948 Over 10 years - - 772,921 780,481 $ 4,087,736 $ 4,127,674 $ 2,978,315 $ 3,039,429 At December 31, 2015 Securities available for sale Securities held to maturity Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Under 1 year $ - $ - $ - $ - Over 1 year through 5 years 378,316 379,770 - - After 5 years through 10 years 3,822,110 3,816,649 1,755,775 1,756,777 Over 10 years 607,795 615,965 250,000 255,123 $ 4,808,221 $ 4,812,384 $ 2,005,775 $ 2,011,900 The Bank sold or had called $15,000 and $3.2 million, respectively, in securities available for sale during the nine months ended September 30, 2016 and 2015. From those sale transactions, the Bank realized a net loss of $1,061 in the 2016 period and a net gain of $1,036 in the 2015 period. Securities with gross unrealized losses at September 30, 2016 and December 31, 2015, aggregated by investment category and length of time individual securities have been in a continual loss position, are as follows: At September 30, 2016 Less than 12 Months 12 Months or More Total Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Securities available for sale: Residential mortgage-backed securities $ 636,659 $ 308 $ - $ - $ 636,659 $ 308 Municipal bonds 63,210 242 - - 63,210 242 $ 699,869 $ 550 $ - $ - $ 699,869 $ 550 Securities held to maturity: Municipal bonds $ 522,809 $ 112 $ - $ - $ 522,809 $ 112 At December 31, 2015 Less than 12 Months 12 Months or More Total Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Securities available for sale: Residential mortgage-backed securities $ 1,801,533 $ 8,818 $ - $ - $ 1,801,533 $ 8,818 Municipal bonds - - 78,916 1,668 78,916 1,668 $ 1,801,533 $ 8,818 $ 78,916 $ 1,668 $ 1,880,449 $ 10,486 Securities held to maturity: Corporate bonds $ 652,180 $ 3,595 $ - $ - $ 652,180 $ 3,595

Note 3 - Loans

Note 3 - Loans	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 3 . Loa ns Loans at September 30, 2016 and December 31, 2015 are summarized as follows: At September 30, 2016 At December 31, 2015 Percent Percent Balance of Total Balance of Total Residential owner occupied - first lien $ 36,631,304 28.0 % $ 44,890,154 34.9 % Residential owner occupied - junior lien 7,380,956 5.6 % 4,988,405 3.9 % Residential non-owner occupied (investor) 15,250,207 11.6 % 15,849,835 12.3 % Commercial owner occupied 12,281,567 9.4 % 14,717,990 11.4 % Other commercial loans 59,155,713 45.2 % 47,883,818 37.2 % Consumer loans 246,198 0.2 % 376,070 0.3 % Total loans 130,945,945 100.0 % 128,706,272 100.0 % Net deferred fees, costs and purchase premiums 502,111 628,139 Allowance for loan losses (959,000 ) (901,000 ) Total loans, net $ 130,489,056 $ 128,433,411 Our residential one- to four-family first lien mortgage loan portfolio is pledged as collateral for our advances with the Federal Home Loan Bank of Atlanta (“FHLB”).

Note 4 - Credit Quality of Loan

Note 4 - Credit Quality of Loans and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Allowance for Credit Losses [Text Block]	Note 4 . Credit Quality of Loans and Allowance for Loan Losses Company policies, consistent with regulatory guidelines, provide for the classification of loans that are considered to be of lesser quality as substandard, doubtful, or loss. A loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans include those loans characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Loans classified as doubtful have all of the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Loans (or portions of loans) classified as loss are those considered uncollectible and of such little value that their continuance as assets is not warranted. Loans that do not expose us to risk sufficient to warrant classification in one of the aforementioned categories, but which possess potential weaknesses that deserve our close attention, are required to be designated as special mention. The Company maintains an allowance for loan losses at an amount estimated to equal all credit losses incurred in our loan portfolio that are both probable and reasonable at the balance sheet date. Our determination as to the classification of our assets is subject to review by the Maryland Commissioner of Financial Regulation and the FDIC. We regularly review our asset portfolio to determine whether any assets require classification in accordance with applicable regulations. The Company provides for loan losses based upon the consistent application of our documented allowance for loan loss methodology. All loan losses are charged to the allowance for loan losses and all recoveries are credited to it. Additions to the allowance for loan losses are provided by charges to income based on various factors which, in our judgment, deserve current recognition in estimating probable losses. We regularly review the loan portfolio and make provisions for loan losses in order to maintain the allowance for loan losses in accordance with GAAP. The allowance for loan losses consists primarily of two components: 1) specific allowances are established for loans classified as substandard or doubtful. For loans classified as impaired, the allowance is established when the net realizable value (collateral value less costs to sell) of the loan is lower than the carrying amount of the loan. The amount of impairment provided for as a specific allowance is represented by the deficiency, if any, between the underlying collateral value and the carrying value of the loan. Impaired loans for which the estimated fair value of the loan or the fair value of the underlying collateral, if the loan is collateral dependent, exceeds the carrying value of the loan are not considered in establishing specific allowances for loan losses; and 2) general allowances are established for loan losses on a portfolio basis for loans that do not meet the definition of impaired loans. The portfolio is grouped into similar risk characteristics, primarily loan type and regulatory classification. We apply an estimated loss rate to each loan group. The loss rates applied are based upon our loss experience adjusted, as appropriate, for the qualitative factors discussed below. This evaluation is inherently subjective, as it requires material estimates that may be susceptible to significant revisions based upon changes in economic and real estate market conditions. The allowance for loan losses is maintained at a level to provide for losses that are probable and can be reasonably estimated. Management ’s periodic evaluation of the adequacy of the allowance is based on the Company’s past loan loss experience, known and inherent losses in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant change, including the amounts and timing of future cash flows expected to be received on impaired loans. The adjustments to historical loss experience are based on our evaluation of several qualitative factors, including: ● changes in the types of loans in the loan portfolio and the size of the overall portfolio; ● changes in the levels of concentration of credit; ● changes in the number and amount of non-accrual loans, classified loans, past due loans and t roubled debt restructurings and other loan modifications; ● changes in the experience, ability and depth of lending personnel; ● changes in the quality of the loan review system and the degree of Board oversight; ● changes in lending policies and procedures ; ● changes in national, state and local economic trends and business conditions; and ● changes in external factors such as competition and legal and regulatory oversight . A loan is considered past due or delinquent when a contractual payment is not paid on the day it is due. A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for all loans secured by real estate by the fair value of the collateral if the loan is collateral dependent. The Bank ’s charge-off policy states after all collection efforts have been exhausted, the loan is deemed to be a loss and the loss amount has been determined, the loss amount will be charged to the established allowance for loan losses. Loans secured by real estate, either residential or commercial, are evaluated for loss potential at the 60 day past due threshold. At no later than 90 days past due the loan is placed on nonaccrual status and a specific reserve is established if the net realizable value in less than the principal value of the loan balance(s). Once the actual loss value has been determined, a charge-off to the allowance for loan losses for the amount of the loss is taken. Each loss is evaluated on its specific facts regarding the appropriate timing to recognize the loss. Unsecured loans are charged-off to the allowance for loan losses at the 90 day past due threshold or when an actual loss has been determined whichever is earlier. We evaluate the allowance for loan losses based upon the combined total of the specific and general components. Generally when the loan portfolio increases, absent other factors, the allowance for loan loss methodology results in a higher dollar amount of estimated probable losses than would be the case without the increase. Generally when the loan portfolio decreases, absent other factors, the allowance for loan loss methodology results in a lower dollar amount of estimated probable losses than would be the case without the decrease. Commercial real estate loans generally have great er credit risks compared to one- to four-family residential mortgage loans we originate, as they typically involve larger loan balances concentrated with single borrowers or groups of related borrowers. In addition, the payment experience on loans secured by income-producing properties typically depends on the successful operation of the related business and thus may be subject to a greater extent to adverse conditions in the real estate market and in the general economy. Therefore, we expect that the percentage of the allowance for loan losses as a percentage of the loan portfolio will increase going forward as we continue our focus on the origination of commercial real estate loans. The following tables summarize the activity in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2016 and 2015. For the Three Months Ended September 30, 2016 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Beginning balance $ 145,821 $ 21,923 $ 109,954 $ 95,179 $ 581,123 $ - $ 954,000 Charge-offs - - - - - - - Recoveries 2,844 - - - - - 2,844 Provision (9,356 ) 7,896 (1,957 ) 3,074 2,499 - 2,156 Ending Balance $ 139,309 $ 29,819 $ 107,997 $ 98,253 $ 583,622 $ - $ 959,000 For the Three Months Ended September 30, 2015 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Beginning balance $ 182,964 $ 20,944 $ 50,142 $ 98,661 $ 447,289 $ - $ 800,000 Charge-offs - - - - - - - Recoveries 6,835 - - - - - 6,835 Provision (21,544 ) (479 ) 5,546 20,289 31,353 - 35,165 Ending Balance $ 168,255 $ 20,465 $ 55,688 $ 118,950 $ 478,642 $ - $ 842,000 For the Nine Months Ended September 30, 2016 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Beginning balance $ 206,169 $ 21,450 $ 69,898 $ 117,744 $ 485,739 $ - $ 901,000 Charge-offs - - - - - - - Recoveries 18,694 - - - - - 18,694 Provision (85,554 ) 8,369 38,099 (19,491 ) 97,883 - 39,306 Ending Balance $ 139,309 $ 29,819 $ 107,997 $ 98,253 $ 583,622 $ - $ 959,000 For the Nine Months Ended September 30, 2015 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Beginning balance $ 228,461 $ 25,051 $ 46,047 $ 89,811 $ 332,630 $ - $ 722,000 Charge-offs - - - - - - - Recoveries 24,939 - 1,744 - - - 26,683 Provision (85,145 ) (4,586 ) 7,897 29,139 146,012 - 93,317 Ending Balance $ 168,255 $ 20,465 $ 55,688 $ 118,950 $ 478,642 $ - $ 842,000 The following tables set forth the balance of the allowance for loan losses by portfolio segment, disaggregated by impairment methodology, which is then further segregated by amounts evaluated for impairment collectively and individually at September 30, 2016 and December 31, 2015: At September 30, 2016 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Allowance for loan losses: Ending balance $ 139,309 $ 29,819 $ 107,997 $ 98,253 $ 583,622 $ - $ 959,000 Ending balance individually evaluated for impairment $ - $ - $ 48,982 $ - $ - $ - $ 48,982 Ending balance collectively evaluated for impairment $ 139,309 $ 29,819 $ 59,015 $ 98,253 $ 583,622 $ - $ 910,018 Loans: Ending balance $ 36,631,304 $ 7,380,956 $ 15,250,207 $ 12,281,567 $ 59,155,713 $ 246,198 $ 130,945,945 Ending balance individually evaluated for impairment $ - $ - $ 211,640 $ - $ - $ - $ 211,640 Ending balance collectively evaluated for impairment $ 36,631,304 $ 7,380,956 $ 15,038,567 $ 12,281,567 $ 59,155,713 $ 246,198 $ 130,734,305 At December 31, 2015 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Allowance for loan losses: Ending balance $ 206,169 $ 21,450 $ 69,898 $ 117,744 $ 485,739 $ - $ 901,000 Ending balance individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - Ending balance collectively evaluated for impairment $ 206,169 $ 21,450 $ 69,898 $ 117,744 $ 485,739 $ - $ 901,000 Loans: Ending balance $ 44,890,154 $ 4,988,405 $ 15,849,835 $ 14,717,990 $ 47,883,818 $ 376,070 $ 128,706,272 Ending balance individually evaluated for impairment $ - $ - $ 108,188 $ - $ - $ - $ 108,188 Ending balance collectively evaluated for impairment $ 44,890,154 $ 4,988,405 $ 15,741,647 $ 14,717,990 $ 47,883,818 $ 376,070 $ 128,598,084 The allowance for loan losses allocated to each portfolio segment is not necessarily indicative of future losses in any particular portfolio segment and does not restrict the use of the allowance to absorb losses in other portfolio segments. The following tables are a summary of the loan portfolio quality indic ators by portfolio segment at September 30, 2016 and December 31, 2015: At September 30, 2016 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Pass $ 36,631,304 $ 7,380,956 $ 14,554,977 $ 12,281,567 $ 56,098,999 $ 246,198 $ 127,194,001 Special Mention - - - - 3,056,714 - 3,056,714 Substandard - - 695,230 - - - 695,230 Doubtful - - - - - - - Total $ 36,631,304 $ 7,380,956 $ 15,250,207 $ 12,281,567 $ 59,155,713 $ 246,198 $ 130,945,945 At December 31, 2015 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Pass $ 44,890,154 $ 4,988,405 $ 15,252,037 $ 14,717,990 $ 47,883,818 $ 376,070 $ 128,108,474 Special Mention - - - - - - - Substandard - - 597,798 - - - 597,798 Doubtful - - - - - - - Total $ 44,890,154 $ 4,988,405 $ 15,849,835 $ 14,717,990 $ 47,883,818 $ 376,070 $ 128,706,272 Management uses a ten point internal risk rating system to monitor the credit quality of the overall loan portfolio. The first six categories are considered not criticized and are aggregated as a “Pass” rating. ● Pass (risk ratings 1-6) ● Special M ention (risk rating 7) ● Substandard (risk rating 8) ● Doubtful (risk rating 9) ● Loss (risk rating 10) Loans classified special mention, substandard , doubtful or loss are reviewed at least quarterly to determine their appropriate classification. Non-classified commercial loan relationships greater than $50,000 are reviewed annually. Non-classified residential mortgage loans and consumer loans are not evaluated unless a specific event occurs to raise the awareness of possible credit deterioration. The following tables set forth certain information with respect to our loan delinque ncies by portfolio segment at September 30, 2016 and December 31, 2015: At September 30, 2016 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Current $ 36,180,667 $ 7,338,085 $ 15,147,849 $ 12,281,567 $ 56,600,510 $ 246,198 $ 127,794,876 30-59 days past due 284,944 42,871 102,358 - 2,555,203 - 2,985,376 60-89 days past due 165,693 - - - - - 165,693 Greater than 90 days past due - - - - - - - Total past due 450,637 42,871 102,358 - 2,555,203 - 3,151,069 Total $ 36,631,304 $ 7,380,956 $ 15,250,207 $ 12,281,567 $ 59,155,713 $ 246,198 $ 130,945,945 At December 31, 2015 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Current $ 44,522,124 $ 4,988,405 $ 15,731,641 $ 14,717,990 $ 46,621,559 $ 376,070 $ 126,957,789 30-59 days past due 122,300 - 118,194 - 1,262,259 - 1,502,753 60-89 days past due 245,730 - - - - - 245,730 Greater than 90 days past due - - - - - - - Total past due 368,030 - 118,194 - 1,262,259 - 1,748,483 Total $ 44,890,154 $ 4,988,405 $ 15,849,835 $ 14,717,990 $ 47,883,818 $ 376,070 $ 128,706,272 The following tables are a summary of impaired loans by portfolio segment at September 30, 2016 and December 31, 2015: At September 30, 2016 Impaired Loans: Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total With no related allowance recorded: Recorded Investment $ - $ - $ 102,358 $ - $ - $ - $ 102,358 Unpaid Principal Balance - - 102,358 - - - 102,358 With an allowance recorded: Recorded Investment $ - $ - $ 109,282 $ - $ - $ - $ 109,282 Unpaid Principal Balance - - 116,634 - - - 116,634 Related Allowance - - 48,982 - - - 48,982 Total impaired loans: Recorded Investment $ - $ - $ 211,640 $ - $ - $ - $ 211,640 Unpaid Principal Balance - - 218,992 - - - 218,992 Related Allowance - - 48,982 - - - 48,982 At December 31, 2015 Impaired Loans: Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total With no related allowance recorded: Recorded Investment $ - $ - $ 108,188 $ - $ - $ - $ 108,188 Unpaid Principal Balance - - 108,188 - - - 108,188 With an allowance recorded: Recorded Investment $ - $ - $ - $ - $ - $ - $ - Unpaid Principal Balance - - - - - - - Related Allowance - - - - - - - Total impaired loans: Recorded Investment $ - $ - $ 108,188 $ - $ - $ - $ 108,188 Unpaid Principal Balance - - 108,188 - - - 108,188 Related Allowance - - - - - - - The following tables present by portfolio segment, information related to the average recorded investment and the interest income foregone and recognized on impaired loans for the three and nine months ended September 30, 2016 and 2015: For the Three Months Ended September 30, 2016 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total With no related allowance recorded: Average recorded investment $ - $ - $ 103,458 $ - $ - $ - $ 103,458 Interest income that would have been recognized - - - - - - - Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) - - - - - - - With an allowance recorded: Average recorded investment $ - $ - $ 110,619 $ - $ - $ - $ 110,619 Interest income that would have been recognized - - 2,238 - - - 2,238 Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) - - 2,238 - - - 2,238 Total impaired loans: Average recorded investment $ - $ - $ 214,077 $ - $ - $ - $ 214,077 Interest income that would have been recognized - - 2,238 - - - 2,238 Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) - - 2,238 - - - 2,238 For the Three Months Ended September 30, 2015 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total With no related allowance recorded: Average recorded investment $ 146,410 $ - $ 110,698 $ - $ - $ - $ 257,108 Interest income that would have been recognized 1,753 - - - - - 1,753 Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) 1,753 - - - - - 1,753 With an allowance recorded: Average recorded investment $ 55,034 $ - $ - $ - $ - $ - $ 55,034 Interest income that would have been recognized 457 - - - - - 457 Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) 457 - - - - - 457 Total impaired loans: Average recorded investment $ 201,444 $ - $ 110,698 $ - $ - $ - $ 312,142 Interest income that would have been recognized 2,210 - - - - - 2,210 Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) 2,210 - - - - - 2,210 For the Nine Months Ended September 30, 2016 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total With no related allowance recorded: Average recorded investment $ 6,890 $ - $ 105,641 $ - $ - $ - $ 112,531 Interest income that would have been recognized - - - - - - - Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) - - - - - - - With an allowance recorded: Average recorded investment $ - $ - $ 84,190 $ - $ - $ - $ 84,190 Interest income that would have been recognized - - 6,580 - - - 6,580 Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) - - 6,580 - - - 6,580 Total impaired loans: Average recorded investment $ 6,890 $ - $ 189,831 $ - $ - $ - $ 196,721 Interest income that would have been recognized - - 6,580 - - - 6,580 Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) - - 6,580 - - - 6,580 For the Nine Months Ended September 30, 2015 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total With no related allowance recorded: Average recorded investment $ 227,210 $ 2,354 $ 112,837 $ - $ - $ - $ 342,401 Interest income that would have been recognized 9,827 98 - - - - 9,925 Interest income recognized (cash basis) 19,626 611 - - - - 20,237 Interest income foregone (recovered) (9,799 ) (513 ) - - - - (10,312 ) With an allowance recorded: Average recorded investment $ 27,517 $ - $ - $ - $ - $ - $ 27,517 Interest income that would have been recognized 579 - - - - - 579 Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) 579 - - - - - 579 Total impaired loans: Average recorded investment $ 254,727 $ 2,354 $ 112,837 $ - $ - $ - $ 369,918 Interest income that would have been recognized 10,406 98 - - - - 10,504 Interest income recognized (cash basis) 19,626 611 - - - - 20,237 Interest income foregone (recovered) (9,220 ) (513 ) - - - - (9,733 ) The following table is a summary of performing and nonperforming impaired loans by portfolio segment at September 30, 2016 and December 31, 2015: At September 30, At December 31, 2016 2015 Performing loans: Impaired performing loans: Residential owner occupied - first lien $ - $ - Residential owner occupied - junior lien - - Residential non-owner occupied (investor) - - Commercial owner occupied - - Other commercial loans - - Consumer loans - - Troubled debt restructurings: Residential owner occupied - first lien - - Residential owner occupied - junior lien - - Residential non-owner occupied (investor) 102,358 108,188 Commercial owner occupied - - Other commercial loans - - Consumer loans - - Total impaired performing loans 102,358 108,188 Nonperforming loans: Impaired nonperforming loans (nonaccrual): Residential owner occupied - first lien - - Residential owner occupied - junior lien - - Residential non-owner occupied (investor) 109,282 - Commercial owner occupied - - Other commercial loans - - Consumer loans - - Troubled debt restructurings: Residential owner occupied - first lien - - Residential owner occupied - junior lien - - Residential non-owner occupied (investor) - - Commercial owner occupied - - Other commercial loans - - Consumer loans - - Total impaired nonperforming loans (nonaccrual): 109,282 - Total impaired loans $ 211,640 $ 108,188 Troubled debt restructurings . Loans may be periodically modified in a troubled debt restructuring (“TDR”) to make concessions to help a borrower remain current on the loan and/or to avoid foreclosure. Generally we do not forgive principal or interest on a loan or modify the interest rate to below market rates. When we modify loans in a TDR, we evaluate any possible impairment similar to any other impaired loans. If we determine that the value of the restructured loan is less than the recorded investment in the loan, impairment is recognized through a specific allowance estimate or a charge-off to the allowance. If a restructured loan was nonperforming prior to the restructuring, the restructured loan will remain a nonperforming loan. After a period of six months and if the restructured loan is in compliance with its modified terms, the loan will become a performing loan. If a restructured loan was performing prior to the restructuring, the restructured loan will remain a performing loan. A performing TDR will no longer be reported as a TDR in calendar years after the year of the restructuring if the effective interest rate is equal or greater than the market rate for credits with comparable risk. There were no TDRs modified during the nine months ended September 30, 2016 or the year ended December 31, 2015. Residential Foreclosures and Repossessed Assets — Once all potential alternatives for reinstatement are exhausted, past due loans collateralized by residential real estate are referred for foreclosure proceedings in accordance with the requirements of the applicable jurisdiction. Once the Bank obtains possession of the property collateralizing the loan, the Company records the repossessed property within other assets as other real estate owned. At September 30, 2016, there were no residential loans in the process of foreclosure and residential foreclosures classified as other real estate owned totaled $146,410.

Note 5 - Deposits

Note 5 - Deposits	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	Note 5 . Deposits Deposits were compri sed of the following at September 30, 2016 and December 31, 2015: At September 30, 2016 At December 31, 2015 Balance Percent of Total Balance Percent of Total Non-interest bearing checking $ 8,832,647 6.5 % $ 8,718,993 7.1 % Interest-bearing checking 17,492,025 12.9 % 8,098,550 6.6 % Savings 3,885,601 2.8 % 2,512,638 2.1 % Premium savings 19,166,796 14.1 % 20,619,758 16.9 % IRA savings 5,800,858 4.3 % 6,325,231 5.2 % Money market 9,751,074 7.2 % 11,892,738 9.7 % Certificates of deposit 70,965,120 52.2 % 63,933,254 52.4 % Total deposits $ 135,894,121 100.0 % $ 122,101,162 100.0 % Certificates of deposit scheduled maturities are as follows: At September 30, 2016 At December 31, 2015 Period to Maturity: Less than or equal to one year $ 33,474,639 $ 36,634,331 More than one to two years 25,328,323 13,245,022 More than two to three years 3,837,249 8,965,734 More than three to four years 2,224,834 1,798,769 More than four to five years 6,100,075 3,289,398 Total certificates of deposit $ 70,965,120 $ 63,933,254 Certificates of deposit included $19.6 million and $27.8 million, respectively, of brokered and listing service deposits at September 30, 2016 and December 31, 2015. Deposit accounts in the Bank are insured by the FDIC, generally up to a maximum of $250,000 per separately insured depositor.

Note 6 - Fair Value Measurement

Note 6 - Fair Value Measurements	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 6 . Fair Value Measurements The FASB issued Accounting Standards Codification (“ASC”) Topic 825 “Financial Instruments,” which provides guidance on the fair value option for financial assets and liabilities. This guidance permits entities to measure many financial instruments and certain other items at fair value. The objective is to improve financial reporting by providing entities with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. The election to use the fair value option is available when an entity first recognizes a financial asset or financial liability or upon entering into a commitment. Subsequent changes must be recorded in earnings. Simultaneously with the adoption of ASC 825, the Bank adopted ASC 820, Fair Value Measurement. Level 1 Valuations for assets and liabilities traded in active exchange markets. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2 Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third party pricing services for identical or comparable assets or liabilities which use observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in active markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. A financial instrument ’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The types of instruments valued based on quoted market prices in active markets include most U.S. government and agency securities, liquid mortgage products, active listed equities and most money market securities. Such instruments are generally classified within Level 1 or Level 2 of the fair value hierarchy. As required by ASC 820, the Bank does not adjust the quoted price for such instruments. The types of instruments valued based on quoted prices in markets that are not active, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency include most investment-grade and high-yield corporate bonds, less liquid mortgage products, less liquid equities, state, municipal and provincial obligations, and certain physical commodities. Such instruments are generally classified within Level 2 of the fair value hierarchy. Level 3 is for positions that are not traded in active markets or are subject to transfer restrictions, valuations are adjusted to reflect illiquidity and/or non-transferability, and such adjustments are generally based on available market evidence. In the absence of such evidence, management ’s best estimate is used. Impaired loans are evaluated and valued at the time the loan is identified as impaired, at the lower of cost or market value. Market value is measured based on the value of the collateral securing these loans and is classified within Level 3 in the fair value hierarchy. Collateral may be real estate and/or business assets including equipment, inventory and/or accounts receivable. The value of real estate collateral is determined based on an appraisal by qualified licensed appraisers hired by the Bank. The value of business equipment, inventory and accounts receivable collateral is based on the net book value on the business’ financial statements and, if necessary, discounted based on management’s review and analysis. Appraised and reported values may be discounted based on management’s historical knowledge, changes in market conditions from the time of valuation, and/or management’s expertise and knowledge of the client and client’s business. Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and are adjusted accordingly, based on the same factors identified above. Foreclosed assets are adjusted for fair value upon transfer of loans to foreclosed assets. Subsequently, foreclosed assets are carried at the lower of carrying value or fair value. Fair value is based upon independent market prices, appraised value 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 Bank records the foreclosed asset as nonrecurring 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 prices, the Bank records the foreclosed asset as nonrecurring Level 3. The following table presents a summary of financial assets measured at fair value on a recurring bas is at September 30, 2016 and December 31, 2015: At September 30, 2016 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Carrying Value Level 1 Level 2 Level 3 Residential mortgage-backed securities $ 1,856,632 $ - $ 1,856,632 $ - Commercial mortgage-backed securities 2,048,160 - 2,048,160 - Municipal bonds 222,882 - 222,882 - Total securities available for sale $ 4,127,674 $ - $ 4,127,674 $ - At December 31, 2015 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Carrying Value Level 1 Level 2 Level 3 Residential mortgage-backed securities $ 2,552,623 $ - $ 2,552,623 $ - Commercial mortgage-backed securities 2,017,187 - 2,017,187 - Municipal bonds 242,574 - 242,574 - Total securities available for sale $ 4,812,384 $ - $ 4,812,384 $ - The following table presents a summary of financial assets measured at fair value on a non-recurring bas is at September 30, 2016 and December 31, 2015: At September 30, 2016 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Carrying Value Level 1 Level 2 Level 3 Residential non-owner occupied (investor) $ 162,658 $ - $ - $ 162,658 Total impaired loans $ 162,658 $ - $ - $ 162,658 Residential owner occupied - first lien $ 146,410 $ - $ - $ 146,410 Total foreclosed real estate $ 146,410 $ - $ - $ 146,410 At December 31, 2015 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Carrying Value Level 1 Level 2 Level 3 Residential non-owner occupied (investor) $ 108,188 $ - $ - $ 108,188 Total impaired loans $ 108,188 $ - $ - $ 108,188 Residential owner occupied - first lien $ 199,374 $ - $ - $ 199,374 Total foreclosed real estate $ 199,374 $ - $ - $ 199,374 The following table shows a reconciliation of the beginning and ending balances for Level 3 assets: Impaired Loans Foreclosed Real Estate Balance, January 1, 2015 $ 595,070 $ 52,964 Total realized and unrealized gains (losses): Included in net income - - Settlements (253,803 ) - Transfers in and/or out of Level 3 (233,079 ) 146,410 Balance, December 31, 2015 $ 108,188 $ 199,374 Total realized and unrealized gains (losses): Included in net income - (30,519 ) Settlements (5,830 ) (22,445 ) Transfers in and/or out of Level 3 60,300 - Balance, September 30, 2016 $ 162,658 $ 146,410 The methods and assumptions used to estimate the fair values for each class of the Company’s financial instruments are included in the disclosures that follow. Cash and Cash Equivalents (Carried at Cost). The carrying amounts of cash and cash equivalents approximate fair value. Certificates of Deposit with Depository Institutions (Carried at Cost ) Securities Available for Sale (Carried at Fair Value). Securities Held to Maturity (Carried at Amortized Cost). Loans, Net of Allowance for Loan Losses (Carried at Cost). Bank-Owned Life Insurance (Carried at Surre nder Value ). Other Equity Securities (Carried at Cost). Deposits (Carried at Cost). Federal Home Loan Bank Advances (Carried at Cost). O ff- Balance Sheet Financial Instruments (Disclosures at Cost). The estimated fair values of the Company ’s financial instruments were as follows at the dates indicated: At September 30, 2016 Carrying Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Amount Fair Value Level 1 Level 2 Level 3 Financial instruments - assets: Cash and cash equivalents $ 19,635,096 $ 19,635,096 $ - $ 19,635,096 $ - Certificates of deposit with depository institutions 2,450,165 2,450,165 - 2,450,165 - Securities available for sale 4,127,674 4,127,674 - 4,127,674 - Securities held to maturity 2,978,315 3,039,429 - 3,039,429 - Loans, net of allowance for loan losses 130,489,056 131,101,000 - - 131,101,000 Bank-owned life insurance 2,149,663 2,149,663 - 2,149,663 - Other equity securities 816,096 816,096 - - 816,096 Financial instruments - liabilities: Deposits $ 135,894,121 $ 136,021,000 $ - $ 136,021,000 $ - Federal Home Loan Bank advances 12,500,000 12,615,000 - 12,615,000 - Financial instruments - off-balance sheet $ - $ - $ - $ - $ - At December 31, 2015 Carrying Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Amount Fair Value Level 1 Level 2 Level 3 Financial instruments - assets: Cash and cash equivalents $ 8,207,767 $ 8,207,767 $ - $ 8,207,767 $ - Certificates of deposit with depository institutions 2,450,248 2,450,248 - 2,450,248 - Securities available for sale 4,812,384 4,812,384 - 4,812,384 - Securities held to maturity 2,005,775 2,011,900 - 2,011,900 - Loans, net of allowance for loan losses 128,433,411 129,910,000 - - 129,910,000 Bank-owned life insurance 2,107,770 2,107,770 - 2,107,770 - Other equity securities 869,296 869,296 - - 869,296 Financial instruments - liabilities: Deposits $ 122,101,162 $ 121,806,000 $ - $ 121,806,000 $ - Federal Home Loan Bank advances 12,500,000 12,616,000 - 12,616,000 - Financial instruments - off-balance sheet $ - $ - $ - $ - $ -

Note 7 - Capital Requirements a

Note 7 - Capital Requirements and Regulatory Matters	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	Note 7 . Capital Requirements and Regulatory Matters Federal and state banking regulations place certain restrictions on dividends paid to the Company by the Bank, and loans or advances made by the Bank to the Company. For a Maryland chartered bank, dividends may be paid out of undivided profits or, with the prior approval of the Maryland Commissioner of Financial Regulation, from surplus in excess of 100% of required capital stock. If, however, the surplus of a Maryland bank is less than 100% of its required capital stock, cash dividends may not be paid in excess of 90% of net earnings. Loans and advances are limited to 10% of the Bank’s capital and surplus on a secured basis. In addition, the payment of dividends by the Bank would be prohibited if the effect thereof would cause the Bank’s capital to be reduced below minimum capital requirements. The Company ’s ability to pay dividends is dependent on the Bank’s ability to pay dividends to the Company. T he Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of its assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in th e following table) of total, tier I and common equity tier 1 capital to risk weighted assets, tier 1 leverage to average assets and tangible capital to tangible assets. Management believes, as of September 30, 2016, the Bank met all capital adequacy requirements to which it is subject. As of September 2015, the most recent notification from the Bank’s regulators, the Bank was categorized as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, an institution must maintain minimum ratios as set forth in the following table. There are no conditions or events since the notification that management believes have changed the Bank’s category. The Bank ’s actual capital amounts and ratios at September 30, 2016 and December 31, 2015 are presented in the table below: At September 30, 2016 Actual For Capital Adequacy Purposes To be well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Total capital to risk-weighted assets $ 16,838,027 15.0 % $ 8,953,920 8.0 % $ 11,192,400 10.0 % Tier 1 capital to risk-weighted assets 15,879,027 14.2 % 6,715,440 6.0 % 8,953,920 8.0 % Common equity tier 1 capital to risk-weighted assets 15,879,027 14.2 % 5,036,580 4.5 % 7,275,060 6.5 % Tier 1 leverage to average assets 15,879,027 9.9 % 6,390,514 4.0 % 7,988,143 5.0 % Tangible capital to tangible assets 15,902,990 9.6 % N/A N/A N/A N/A At December 31, 2015 Actual For Capital Adequacy Purposes To be well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Total capital to risk-weighted assets $ 16,584,390 16.0 % $ 8,301,696 8.0 % $ 10,377,120 10.0 % Tier 1 capital to risk-weighted assets 15,683,390 15.1 % 6,226,272 6.0 % 8,301,696 8.0 % Common equity tier 1 capital to risk-weighted assets 15,683,390 15.1 % 4,669,704 4.5 % 6,745,128 6.5 % Tier 1 leverage to average assets 15,683,390 10.0 % 6,304,897 4.0 % 7,881,122 5.0 % Tangible capital to tangible assets 15,685,888 10.4 % N/A N/A N/A N/A The following table presents a reconciliation of the Company ’s consolidated equity as determined using GAAP and the Bank’s regulatory capital amounts: At September 30, At December 31, 2016 2015 Consolidated GAAP equity $ 16,297,103 $ 16,293,170 Consolidated equity in excess of Bank equity (394,113 ) (607,282 ) Bank GAAP equity - Tangible capital 15,902,990 15,685,888 Less: Accumulated other comprehensive income, net of tax 23,963 2,498 Disallowed deferred tax assets - - Common equity tier 1 capital 15,879,027 15,683,390 Plus: Additional tier 1 capital - - Tier 1 capital 15,879,027 15,683,390 Plus: Allowance for loan losses (1.25% of risk-weighted assets) 959,000 901,000 Total risk-based capital $ 16,838,027 $ 16,584,390

Note 8 - Earnings Per Share

Note 8 - Earnings Per Share	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 8 . Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding for the period exclusive of unallocated employee stock ownership plan shares and unvested restricted stock. Diluted earnings per share assumes granted unvested restricted stock as potential common stock and outstanding warrants to purchase common stock are considered in the diluted earnings per share calculations to the extent they would have a dilutive effect if converted to common stock as computed by using the Treasury Stock method. The calculation of net income per common share for the t hree and nine months ended September 30, 2016 and 2015 are as follows: For the Three Months Ended September 30, 2016 For the Three Months Ended September 30, 2015 For the Nine Months Ended September 30, 2016 For the Nine Months Ended September 30, 2015 Net income $ 42,149 $ 80,960 $ 164,977 $ 211,295 Weighted average number of shares used in: Basic number of shares 931,974 938,982 935,586 894,969 Adjustment for common share equivalents 17,553 22,170 18,453 18,876 Diluted number of shares 949,527 961,152 954,039 913,845 Basic net income per common share $ 0.05 $ 0.09 $ 0.18 $ 0.24 Diluted net income per common share $ 0.04 $ 0.08 $ 0.17 $ 0.23

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, the Bank. All significant intercompany balances and transactions between the Company and the Bank have been eliminated.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for losses on loans and the valuation of real estate acquired in connection with foreclosure or in satisfaction of loans. In connection with the determination of the allowance for losses on loans and foreclosed real estate, management obtains independent appraisals for significant properties.
New Accounting Pronouncements, Policy [Policy Text Block]	Accounting Standards Pending Adoption In May 2014, the Financial Accounting Standards Board (the “FASB”) issued ASU No. 2014-09, Revenue from Contracts with Customers In January 2016, the FASB issued ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU No. 2016-02, Leases The Company is currently evaluating the provisions of ASU No. 2016-02 to determine the potential impact the new standard will have on the Company’s financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensati on—Stock Compensation : Improvements to Employee Share-Based Payment Accounting. The Company is currently evaluating the provisions of ASU No. 2016-09 to determine the potential impact the new standard will have on the Company’s financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Measurement of Credit Losses on Financial Instruments.” Other than the disclosures contained within these statements, the Company has determined that all other recently issued accounting pronouncements will not have a material impact on its consolidated financial statements or do not apply to its operations.

Note 2 - Securities (Tables)

Note 2 - Securities (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Unrealized Gain (Loss) on Investments [Table Text Block]	At September 30, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Securities available for sale: Residential mortgage-backed securities $ 1,851,944 $ 4,996 $ 308 $ 1,856,632 Commercial mortgage-backed securities 2,014,590 33,570 - 2,048,160 Municipal bonds 221,202 1,922 242 222,882 $ 4,087,736 $ 40,488 $ 550 $ 4,127,674 Securities held to maturity: Municipal bonds $ 1,022,920 $ 17,603 $ 112 $ 1,040,411 Corporate bonds 1,955,395 43,623 - 1,999,018 $ 2,978,315 $ 61,226 $ 112 $ 3,039,429 At December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Securities available for sale: Residential mortgage-backed securities $ 2,549,295 $ 12,146 $ 8,818 $ 2,552,623 Commercial mortgage-backed securities 2,017,187 - - 2,017,187 Municipal bonds 241,739 2,503 1,668 242,574 $ 4,808,221 $ 14,649 $ 10,486 $ 4,812,384 Securities held to maturity: Municipal bonds $ 500,000 $ 9,470 $ - $ 509,470 Corporate bonds 1,505,775 250 3,595 1,502,430 $ 2,005,775 $ 9,720 $ 3,595 $ 2,011,900
Investments Classified by Contractual Maturity Date [Table Text Block]	At September 30, 2016 Securities available for sale Securities held to maturity Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Under 1 year $ - $ - $ - $ - Over 1 year through 5 years 2,337,143 2,372,690 - - After 5 years through 10 years 1,750,593 1,754,984 2,205,394 2,258,948 Over 10 years - - 772,921 780,481 $ 4,087,736 $ 4,127,674 $ 2,978,315 $ 3,039,429 At December 31, 2015 Securities available for sale Securities held to maturity Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Under 1 year $ - $ - $ - $ - Over 1 year through 5 years 378,316 379,770 - - After 5 years through 10 years 3,822,110 3,816,649 1,755,775 1,756,777 Over 10 years 607,795 615,965 250,000 255,123 $ 4,808,221 $ 4,812,384 $ 2,005,775 $ 2,011,900
Schedule of Unrealized Loss on Investments [Table Text Block]	At September 30, 2016 Less than 12 Months 12 Months or More Total Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Securities available for sale: Residential mortgage-backed securities $ 636,659 $ 308 $ - $ - $ 636,659 $ 308 Municipal bonds 63,210 242 - - 63,210 242 $ 699,869 $ 550 $ - $ - $ 699,869 $ 550 Securities held to maturity: Municipal bonds $ 522,809 $ 112 $ - $ - $ 522,809 $ 112 At December 31, 2015 Less than 12 Months 12 Months or More Total Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Securities available for sale: Residential mortgage-backed securities $ 1,801,533 $ 8,818 $ - $ - $ 1,801,533 $ 8,818 Municipal bonds - - 78,916 1,668 78,916 1,668 $ 1,801,533 $ 8,818 $ 78,916 $ 1,668 $ 1,880,449 $ 10,486 Securities held to maturity: Corporate bonds $ 652,180 $ 3,595 $ - $ - $ 652,180 $ 3,595

Note 3 - Loans (Tables)

Note 3 - Loans (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	At September 30, 2016 At December 31, 2015 Percent Percent Balance of Total Balance of Total Residential owner occupied - first lien $ 36,631,304 28.0 % $ 44,890,154 34.9 % Residential owner occupied - junior lien 7,380,956 5.6 % 4,988,405 3.9 % Residential non-owner occupied (investor) 15,250,207 11.6 % 15,849,835 12.3 % Commercial owner occupied 12,281,567 9.4 % 14,717,990 11.4 % Other commercial loans 59,155,713 45.2 % 47,883,818 37.2 % Consumer loans 246,198 0.2 % 376,070 0.3 % Total loans 130,945,945 100.0 % 128,706,272 100.0 % Net deferred fees, costs and purchase premiums 502,111 628,139 Allowance for loan losses (959,000 ) (901,000 ) Total loans, net $ 130,489,056 $ 128,433,411

Note 4 - Credit Quality of Lo20

Note 4 - Credit Quality of Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Allowance for Credit Losses on Financing Receivables [Table Text Block]	For the Three Months Ended September 30, 2016 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Beginning balance $ 145,821 $ 21,923 $ 109,954 $ 95,179 $ 581,123 $ - $ 954,000 Charge-offs - - - - - - - Recoveries 2,844 - - - - - 2,844 Provision (9,356 ) 7,896 (1,957 ) 3,074 2,499 - 2,156 Ending Balance $ 139,309 $ 29,819 $ 107,997 $ 98,253 $ 583,622 $ - $ 959,000 For the Three Months Ended September 30, 2015 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Beginning balance $ 182,964 $ 20,944 $ 50,142 $ 98,661 $ 447,289 $ - $ 800,000 Charge-offs - - - - - - - Recoveries 6,835 - - - - - 6,835 Provision (21,544 ) (479 ) 5,546 20,289 31,353 - 35,165 Ending Balance $ 168,255 $ 20,465 $ 55,688 $ 118,950 $ 478,642 $ - $ 842,000 For the Nine Months Ended September 30, 2016 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Beginning balance $ 206,169 $ 21,450 $ 69,898 $ 117,744 $ 485,739 $ - $ 901,000 Charge-offs - - - - - - - Recoveries 18,694 - - - - - 18,694 Provision (85,554 ) 8,369 38,099 (19,491 ) 97,883 - 39,306 Ending Balance $ 139,309 $ 29,819 $ 107,997 $ 98,253 $ 583,622 $ - $ 959,000 For the Nine Months Ended September 30, 2015 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Beginning balance $ 228,461 $ 25,051 $ 46,047 $ 89,811 $ 332,630 $ - $ 722,000 Charge-offs - - - - - - - Recoveries 24,939 - 1,744 - - - 26,683 Provision (85,145 ) (4,586 ) 7,897 29,139 146,012 - 93,317 Ending Balance $ 168,255 $ 20,465 $ 55,688 $ 118,950 $ 478,642 $ - $ 842,000 At September 30, 2016 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Allowance for loan losses: Ending balance $ 139,309 $ 29,819 $ 107,997 $ 98,253 $ 583,622 $ - $ 959,000 Ending balance individually evaluated for impairment $ - $ - $ 48,982 $ - $ - $ - $ 48,982 Ending balance collectively evaluated for impairment $ 139,309 $ 29,819 $ 59,015 $ 98,253 $ 583,622 $ - $ 910,018 Loans: Ending balance $ 36,631,304 $ 7,380,956 $ 15,250,207 $ 12,281,567 $ 59,155,713 $ 246,198 $ 130,945,945 Ending balance individually evaluated for impairment $ - $ - $ 211,640 $ - $ - $ - $ 211,640 Ending balance collectively evaluated for impairment $ 36,631,304 $ 7,380,956 $ 15,038,567 $ 12,281,567 $ 59,155,713 $ 246,198 $ 130,734,305 At December 31, 2015 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Allowance for loan losses: Ending balance $ 206,169 $ 21,450 $ 69,898 $ 117,744 $ 485,739 $ - $ 901,000 Ending balance individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - Ending balance collectively evaluated for impairment $ 206,169 $ 21,450 $ 69,898 $ 117,744 $ 485,739 $ - $ 901,000 Loans: Ending balance $ 44,890,154 $ 4,988,405 $ 15,849,835 $ 14,717,990 $ 47,883,818 $ 376,070 $ 128,706,272 Ending balance individually evaluated for impairment $ - $ - $ 108,188 $ - $ - $ - $ 108,188 Ending balance collectively evaluated for impairment $ 44,890,154 $ 4,988,405 $ 15,741,647 $ 14,717,990 $ 47,883,818 $ 376,070 $ 128,598,084
Financing Receivable Credit Quality Indicators [Table Text Block]	At September 30, 2016 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Pass $ 36,631,304 $ 7,380,956 $ 14,554,977 $ 12,281,567 $ 56,098,999 $ 246,198 $ 127,194,001 Special Mention - - - - 3,056,714 - 3,056,714 Substandard - - 695,230 - - - 695,230 Doubtful - - - - - - - Total $ 36,631,304 $ 7,380,956 $ 15,250,207 $ 12,281,567 $ 59,155,713 $ 246,198 $ 130,945,945 At December 31, 2015 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Pass $ 44,890,154 $ 4,988,405 $ 15,252,037 $ 14,717,990 $ 47,883,818 $ 376,070 $ 128,108,474 Special Mention - - - - - - - Substandard - - 597,798 - - - 597,798 Doubtful - - - - - - - Total $ 44,890,154 $ 4,988,405 $ 15,849,835 $ 14,717,990 $ 47,883,818 $ 376,070 $ 128,706,272
Past Due Financing Receivables [Table Text Block]	At September 30, 2016 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Current $ 36,180,667 $ 7,338,085 $ 15,147,849 $ 12,281,567 $ 56,600,510 $ 246,198 $ 127,794,876 30-59 days past due 284,944 42,871 102,358 - 2,555,203 - 2,985,376 60-89 days past due 165,693 - - - - - 165,693 Greater than 90 days past due - - - - - - - Total past due 450,637 42,871 102,358 - 2,555,203 - 3,151,069 Total $ 36,631,304 $ 7,380,956 $ 15,250,207 $ 12,281,567 $ 59,155,713 $ 246,198 $ 130,945,945 At December 31, 2015 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total Current $ 44,522,124 $ 4,988,405 $ 15,731,641 $ 14,717,990 $ 46,621,559 $ 376,070 $ 126,957,789 30-59 days past due 122,300 - 118,194 - 1,262,259 - 1,502,753 60-89 days past due 245,730 - - - - - 245,730 Greater than 90 days past due - - - - - - - Total past due 368,030 - 118,194 - 1,262,259 - 1,748,483 Total $ 44,890,154 $ 4,988,405 $ 15,849,835 $ 14,717,990 $ 47,883,818 $ 376,070 $ 128,706,272
Impaired Financing Receivables [Table Text Block]	At September 30, 2016 Impaired Loans: Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total With no related allowance recorded: Recorded Investment $ - $ - $ 102,358 $ - $ - $ - $ 102,358 Unpaid Principal Balance - - 102,358 - - - 102,358 With an allowance recorded: Recorded Investment $ - $ - $ 109,282 $ - $ - $ - $ 109,282 Unpaid Principal Balance - - 116,634 - - - 116,634 Related Allowance - - 48,982 - - - 48,982 Total impaired loans: Recorded Investment $ - $ - $ 211,640 $ - $ - $ - $ 211,640 Unpaid Principal Balance - - 218,992 - - - 218,992 Related Allowance - - 48,982 - - - 48,982 At December 31, 2015 Impaired Loans: Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total With no related allowance recorded: Recorded Investment $ - $ - $ 108,188 $ - $ - $ - $ 108,188 Unpaid Principal Balance - - 108,188 - - - 108,188 With an allowance recorded: Recorded Investment $ - $ - $ - $ - $ - $ - $ - Unpaid Principal Balance - - - - - - - Related Allowance - - - - - - - Total impaired loans: Recorded Investment $ - $ - $ 108,188 $ - $ - $ - $ 108,188 Unpaid Principal Balance - - 108,188 - - - 108,188 Related Allowance - - - - - - - For the Three Months Ended September 30, 2016 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total With no related allowance recorded: Average recorded investment $ - $ - $ 103,458 $ - $ - $ - $ 103,458 Interest income that would have been recognized - - - - - - - Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) - - - - - - - With an allowance recorded: Average recorded investment $ - $ - $ 110,619 $ - $ - $ - $ 110,619 Interest income that would have been recognized - - 2,238 - - - 2,238 Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) - - 2,238 - - - 2,238 Total impaired loans: Average recorded investment $ - $ - $ 214,077 $ - $ - $ - $ 214,077 Interest income that would have been recognized - - 2,238 - - - 2,238 Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) - - 2,238 - - - 2,238 For the Three Months Ended September 30, 2015 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total With no related allowance recorded: Average recorded investment $ 146,410 $ - $ 110,698 $ - $ - $ - $ 257,108 Interest income that would have been recognized 1,753 - - - - - 1,753 Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) 1,753 - - - - - 1,753 With an allowance recorded: Average recorded investment $ 55,034 $ - $ - $ - $ - $ - $ 55,034 Interest income that would have been recognized 457 - - - - - 457 Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) 457 - - - - - 457 Total impaired loans: Average recorded investment $ 201,444 $ - $ 110,698 $ - $ - $ - $ 312,142 Interest income that would have been recognized 2,210 - - - - - 2,210 Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) 2,210 - - - - - 2,210 For the Nine Months Ended September 30, 2016 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total With no related allowance recorded: Average recorded investment $ 6,890 $ - $ 105,641 $ - $ - $ - $ 112,531 Interest income that would have been recognized - - - - - - - Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) - - - - - - - With an allowance recorded: Average recorded investment $ - $ - $ 84,190 $ - $ - $ - $ 84,190 Interest income that would have been recognized - - 6,580 - - - 6,580 Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) - - 6,580 - - - 6,580 Total impaired loans: Average recorded investment $ 6,890 $ - $ 189,831 $ - $ - $ - $ 196,721 Interest income that would have been recognized - - 6,580 - - - 6,580 Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) - - 6,580 - - - 6,580 For the Nine Months Ended September 30, 2015 Residential owner occupied - first lien Residential owner occupied - junior lien Residential non-owner occupied (investor) Commercial owner occupied Other commercial loans Consumer loans Total With no related allowance recorded: Average recorded investment $ 227,210 $ 2,354 $ 112,837 $ - $ - $ - $ 342,401 Interest income that would have been recognized 9,827 98 - - - - 9,925 Interest income recognized (cash basis) 19,626 611 - - - - 20,237 Interest income foregone (recovered) (9,799 ) (513 ) - - - - (10,312 ) With an allowance recorded: Average recorded investment $ 27,517 $ - $ - $ - $ - $ - $ 27,517 Interest income that would have been recognized 579 - - - - - 579 Interest income recognized (cash basis) - - - - - - - Interest income foregone (recovered) 579 - - - - - 579 Total impaired loans: Average recorded investment $ 254,727 $ 2,354 $ 112,837 $ - $ - $ - $ 369,918 Interest income that would have been recognized 10,406 98 - - - - 10,504 Interest income recognized (cash basis) 19,626 611 - - - - 20,237 Interest income foregone (recovered) (9,220 ) (513 ) - - - - (9,733 )
Performing and Nonperforming Impaired Loans [Table Text Block]	At September 30, At December 31, 2016 2015 Performing loans: Impaired performing loans: Residential owner occupied - first lien $ - $ - Residential owner occupied - junior lien - - Residential non-owner occupied (investor) - - Commercial owner occupied - - Other commercial loans - - Consumer loans - - Troubled debt restructurings: Residential owner occupied - first lien - - Residential owner occupied - junior lien - - Residential non-owner occupied (investor) 102,358 108,188 Commercial owner occupied - - Other commercial loans - - Consumer loans - - Total impaired performing loans 102,358 108,188 Nonperforming loans: Impaired nonperforming loans (nonaccrual): Residential owner occupied - first lien - - Residential owner occupied - junior lien - - Residential non-owner occupied (investor) 109,282 - Commercial owner occupied - - Other commercial loans - - Consumer loans - - Troubled debt restructurings: Residential owner occupied - first lien - - Residential owner occupied - junior lien - - Residential non-owner occupied (investor) - - Commercial owner occupied - - Other commercial loans - - Consumer loans - - Total impaired nonperforming loans (nonaccrual): 109,282 - Total impaired loans $ 211,640 $ 108,188

Note 5 - Deposits (Tables)

Note 5 - Deposits (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule Of Deposit Product Segment [Table Text Block]	At September 30, 2016 At December 31, 2015 Balance Percent of Total Balance Percent of Total Non-interest bearing checking $ 8,832,647 6.5 % $ 8,718,993 7.1 % Interest-bearing checking 17,492,025 12.9 % 8,098,550 6.6 % Savings 3,885,601 2.8 % 2,512,638 2.1 % Premium savings 19,166,796 14.1 % 20,619,758 16.9 % IRA savings 5,800,858 4.3 % 6,325,231 5.2 % Money market 9,751,074 7.2 % 11,892,738 9.7 % Certificates of deposit 70,965,120 52.2 % 63,933,254 52.4 % Total deposits $ 135,894,121 100.0 % $ 122,101,162 100.0 %
Schedule Of Certificates of Deposit Maturities [Table Text Block]	At September 30, 2016 At December 31, 2015 Period to Maturity: Less than or equal to one year $ 33,474,639 $ 36,634,331 More than one to two years 25,328,323 13,245,022 More than two to three years 3,837,249 8,965,734 More than three to four years 2,224,834 1,798,769 More than four to five years 6,100,075 3,289,398 Total certificates of deposit $ 70,965,120 $ 63,933,254

Note 6 - Fair Value Measureme22

Note 6 - Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	At September 30, 2016 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Carrying Value Level 1 Level 2 Level 3 Residential mortgage-backed securities $ 1,856,632 $ - $ 1,856,632 $ - Commercial mortgage-backed securities 2,048,160 - 2,048,160 - Municipal bonds 222,882 - 222,882 - Total securities available for sale $ 4,127,674 $ - $ 4,127,674 $ - At December 31, 2015 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Carrying Value Level 1 Level 2 Level 3 Residential mortgage-backed securities $ 2,552,623 $ - $ 2,552,623 $ - Commercial mortgage-backed securities 2,017,187 - 2,017,187 - Municipal bonds 242,574 - 242,574 - Total securities available for sale $ 4,812,384 $ - $ 4,812,384 $ -
Fair Value Measurements, Nonrecurring [Table Text Block]	At September 30, 2016 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Carrying Value Level 1 Level 2 Level 3 Residential non-owner occupied (investor) $ 162,658 $ - $ - $ 162,658 Total impaired loans $ 162,658 $ - $ - $ 162,658 Residential owner occupied - first lien $ 146,410 $ - $ - $ 146,410 Total foreclosed real estate $ 146,410 $ - $ - $ 146,410 At December 31, 2015 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Carrying Value Level 1 Level 2 Level 3 Residential non-owner occupied (investor) $ 108,188 $ - $ - $ 108,188 Total impaired loans $ 108,188 $ - $ - $ 108,188 Residential owner occupied - first lien $ 199,374 $ - $ - $ 199,374 Total foreclosed real estate $ 199,374 $ - $ - $ 199,374
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Impaired Loans Foreclosed Real Estate Balance, January 1, 2015 $ 595,070 $ 52,964 Total realized and unrealized gains (losses): Included in net income - - Settlements (253,803 ) - Transfers in and/or out of Level 3 (233,079 ) 146,410 Balance, December 31, 2015 $ 108,188 $ 199,374 Total realized and unrealized gains (losses): Included in net income - (30,519 ) Settlements (5,830 ) (22,445 ) Transfers in and/or out of Level 3 60,300 - Balance, September 30, 2016 $ 162,658 $ 146,410
Fair Value, by Balance Sheet Grouping [Table Text Block]	At September 30, 2016 Carrying Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Amount Fair Value Level 1 Level 2 Level 3 Financial instruments - assets: Cash and cash equivalents $ 19,635,096 $ 19,635,096 $ - $ 19,635,096 $ - Certificates of deposit with depository institutions 2,450,165 2,450,165 - 2,450,165 - Securities available for sale 4,127,674 4,127,674 - 4,127,674 - Securities held to maturity 2,978,315 3,039,429 - 3,039,429 - Loans, net of allowance for loan losses 130,489,056 131,101,000 - - 131,101,000 Bank-owned life insurance 2,149,663 2,149,663 - 2,149,663 - Other equity securities 816,096 816,096 - - 816,096 Financial instruments - liabilities: Deposits $ 135,894,121 $ 136,021,000 $ - $ 136,021,000 $ - Federal Home Loan Bank advances 12,500,000 12,615,000 - 12,615,000 - Financial instruments - off-balance sheet $ - $ - $ - $ - $ - At December 31, 2015 Carrying Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Amount Fair Value Level 1 Level 2 Level 3 Financial instruments - assets: Cash and cash equivalents $ 8,207,767 $ 8,207,767 $ - $ 8,207,767 $ - Certificates of deposit with depository institutions 2,450,248 2,450,248 - 2,450,248 - Securities available for sale 4,812,384 4,812,384 - 4,812,384 - Securities held to maturity 2,005,775 2,011,900 - 2,011,900 - Loans, net of allowance for loan losses 128,433,411 129,910,000 - - 129,910,000 Bank-owned life insurance 2,107,770 2,107,770 - 2,107,770 - Other equity securities 869,296 869,296 - - 869,296 Financial instruments - liabilities: Deposits $ 122,101,162 $ 121,806,000 $ - $ 121,806,000 $ - Federal Home Loan Bank advances 12,500,000 12,616,000 - 12,616,000 - Financial instruments - off-balance sheet $ - $ - $ - $ - $ -

Note 7 - Capital Requirements23

Note 7 - Capital Requirements and Regulatory Matters (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	At September 30, 2016 Actual For Capital Adequacy Purposes To be well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Total capital to risk-weighted assets $ 16,838,027 15.0 % $ 8,953,920 8.0 % $ 11,192,400 10.0 % Tier 1 capital to risk-weighted assets 15,879,027 14.2 % 6,715,440 6.0 % 8,953,920 8.0 % Common equity tier 1 capital to risk-weighted assets 15,879,027 14.2 % 5,036,580 4.5 % 7,275,060 6.5 % Tier 1 leverage to average assets 15,879,027 9.9 % 6,390,514 4.0 % 7,988,143 5.0 % Tangible capital to tangible assets 15,902,990 9.6 % N/A N/A N/A N/A At December 31, 2015 Actual For Capital Adequacy Purposes To be well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Total capital to risk-weighted assets $ 16,584,390 16.0 % $ 8,301,696 8.0 % $ 10,377,120 10.0 % Tier 1 capital to risk-weighted assets 15,683,390 15.1 % 6,226,272 6.0 % 8,301,696 8.0 % Common equity tier 1 capital to risk-weighted assets 15,683,390 15.1 % 4,669,704 4.5 % 6,745,128 6.5 % Tier 1 leverage to average assets 15,683,390 10.0 % 6,304,897 4.0 % 7,881,122 5.0 % Tangible capital to tangible assets 15,685,888 10.4 % N/A N/A N/A N/A
Reconciliation of Consolidated Equity and Banks Regulatory Capital [Table Text Block]	At September 30, At December 31, 2016 2015 Consolidated GAAP equity $ 16,297,103 $ 16,293,170 Consolidated equity in excess of Bank equity (394,113 ) (607,282 ) Bank GAAP equity - Tangible capital 15,902,990 15,685,888 Less: Accumulated other comprehensive income, net of tax 23,963 2,498 Disallowed deferred tax assets - - Common equity tier 1 capital 15,879,027 15,683,390 Plus: Additional tier 1 capital - - Tier 1 capital 15,879,027 15,683,390 Plus: Allowance for loan losses (1.25% of risk-weighted assets) 959,000 901,000 Total risk-based capital $ 16,838,027 $ 16,584,390

Note 8 - Earnings Per Share (Ta

Note 8 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Three Months Ended September 30, 2016 For the Three Months Ended September 30, 2015 For the Nine Months Ended September 30, 2016 For the Nine Months Ended September 30, 2015 Net income $ 42,149 $ 80,960 $ 164,977 $ 211,295 Weighted average number of shares used in: Basic number of shares 931,974 938,982 935,586 894,969 Adjustment for common share equivalents 17,553 22,170 18,453 18,876 Diluted number of shares 949,527 961,152 954,039 913,845 Basic net income per common share $ 0.05 $ 0.09 $ 0.18 $ 0.24 Diluted net income per common share $ 0.04 $ 0.08 $ 0.17 $ 0.23

Note 1 - Summary of Significa25

Note 1 - Summary of Significant Accounting Policies (Details Textual)	9 Months Ended
	Sep. 30, 2016
Number of Branches of Bank	3

Note 2 - Securities (Details Te

Note 2 - Securities (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Private Label Residential Mortgage-backed Securities	$ 0		$ 0		$ 0
Deposit Liabilities, Collateral Issued, Financial Instruments	3,100,000		3,100,000		$ 2,300,000
Proceeds from Sale and Maturity of Available-for-sale Securities			15,000	$ 3,174,603
Gain (Loss) on Sale of Securities, Net		$ 1,136	$ (1,061)	$ 1,036

Note 2 - Securities - Amortized

Note 2 - Securities - Amortized Cost and Fair Value of Investments (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Residential Mortgage Backed Securities [Member]
Securities available for sale:
Securities available for sale, amortized cost	$ 1,851,944	$ 2,549,295
Securities available for sale, gross unrealized gains	4,996	12,146
Securities available for sale, gross unrealized losses	308	8,818
Securities available for sale, estimated fair value	1,856,632	2,552,623
Commercial Mortgage Backed Securities [Member]
Securities available for sale:
Securities available for sale, amortized cost	2,014,590	2,017,187
Securities available for sale, gross unrealized gains	33,570
Securities available for sale, gross unrealized losses
Securities available for sale, estimated fair value	2,048,160	2,017,187
US States and Political Subdivisions Debt Securities [Member]
Securities available for sale:
Securities available for sale, amortized cost	221,202	241,739
Securities available for sale, gross unrealized gains	1,922	2,503
Securities available for sale, gross unrealized losses	242	1,668
Securities available for sale, estimated fair value	222,882	242,574
Securities held to maturity:
Securities held to maturity, amortized cost	1,022,920	500,000
Securities held to maturity, gross unrealized gains	17,603	9,470
Securities held to maturity, gross unrealized losses	112
Securities held to maturity, estimated fair value	1,040,411	509,470
Corporate Debt Securities [Member]
Securities held to maturity:
Securities held to maturity, amortized cost	1,955,395	1,505,775
Securities held to maturity, gross unrealized gains	43,623	250
Securities held to maturity, gross unrealized losses		3,595
Securities held to maturity, estimated fair value	1,999,018	1,502,430
Securities available for sale, amortized cost	4,087,736	4,808,221
Securities available for sale, gross unrealized gains	40,488	14,649
Securities available for sale, gross unrealized losses	550	10,486
Securities available for sale, estimated fair value	4,127,674	4,812,384
Securities held to maturity, amortized cost	2,978,315	2,005,775
Securities held to maturity, gross unrealized gains	61,226	9,720
Securities held to maturity, gross unrealized losses	112	3,595
Securities held to maturity, estimated fair value	$ 3,039,429	$ 2,011,900

Note 2 - Securities - Contractu

Note 2 - Securities - Contractual Maturities of Investments (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Securities available for sale, amortized cost - under 1 year	$ 0	$ 0
Securities available for sale, estimated fair value - under 1 year	0	0
Securities held to maturity, amortized cost - under 1 year	0	0
Securities held to maturity, estimated fair value - under 1 year	0	0
Securities available for sale, amortized cost - over 1 year through 5 years	2,337,143	378,316
Securities available for sale, estimated fair value - over 1 year through 5 years	2,372,690	379,770
Securities held to maturity, amortized cost - over 1 year through 5 years	0	0
Securities held to maturity, estimated fair value - over 1 year through 5 years	0	0
Securities available for sale, amortized cost - after 5 years through 10 years	1,750,593	3,822,110
Securities available for sale, estimated fair value - after 5 years through 10 years	1,754,984	3,816,649
Securities held to maturity, amortized cost - after 5 years through 10 years	2,205,394	1,755,775
Securities held to maturity, estimated fair value - after 5 years through 10 years	2,258,948	1,756,777
Securities available for sale, amortized cost - over 10 years	0	607,795
Securities available for sale, estimated fair value - over 10 years	0	615,965
Securities held to maturity, amortized cost - over 10 years	772,921	250,000
Securities held to maturity, estimated fair value - over 10 years	780,481	255,123
Securities available for sale, amortized cost	4,087,736	4,808,221
Securities available for sale, estimated fair value	4,127,674	4,812,384
Securities held to maturity, amortized cost	2,978,315	2,005,775
Securities held to maturity, estimated fair value	$ 3,039,429	$ 2,011,900

Note 2 - Securities - Securitie

Note 2 - Securities - Securities with Gross Unrealized Losses (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Residential Mortgage Backed Securities [Member]
Securities available for sale:
Securities available for sale, continual loss position, less than 12 months, estimated fair value	$ 636,659	$ 1,801,533
Securities available for sale, continual loss position, less than 12 months, gross unrealzed losses	308	8,818
Securities available for sale, continual loss position, 12 months or more, estimated fair value	0
Securities available for sale, continual loss position, 12 months or more, gross unrealized losses	0
Securities available for sale, continual loss position, estimated fair value	636,659	1,801,533
Securities available for sale, continual loss position, gross unrealized losses	308	8,818
US States and Political Subdivisions Debt Securities [Member]
Securities available for sale:
Securities available for sale, continual loss position, less than 12 months, estimated fair value	63,210	0
Securities available for sale, continual loss position, less than 12 months, gross unrealzed losses	242	0
Securities available for sale, continual loss position, 12 months or more, estimated fair value		78,916
Securities available for sale, continual loss position, 12 months or more, gross unrealized losses		1,668
Securities available for sale, continual loss position, estimated fair value	63,210	78,916
Securities available for sale, continual loss position, gross unrealized losses	242	1,668
Securities held to maturity:
Securities held to maturity, continual loss position, less than 12 months, estimated fair value	522,809
Securities held to maturity, continual loss position, less than 12 months, gross unrealized losses	112
Securities held to maturity, continual loss position, 12 months or more, estimated fair value
Securities held to maturity, continual loss position, 12 months or more, gross unrealized losses
Securities held to maturity, continual loss position, estimated fair value	522,809
Securities held to maturity, continual loss position, gross unrealized losses	112
Corporate Debt Securities [Member]
Securities held to maturity:
Securities held to maturity, continual loss position, less than 12 months, estimated fair value		652,180
Securities held to maturity, continual loss position, less than 12 months, gross unrealized losses		3,595
Securities held to maturity, continual loss position, 12 months or more, estimated fair value
Securities held to maturity, continual loss position, 12 months or more, gross unrealized losses
Securities held to maturity, continual loss position, estimated fair value		652,180
Securities held to maturity, continual loss position, gross unrealized losses		3,595
Securities available for sale, continual loss position, less than 12 months, estimated fair value	699,869	1,801,533
Securities available for sale, continual loss position, less than 12 months, gross unrealzed losses	550	8,818
Securities available for sale, continual loss position, 12 months or more, estimated fair value		78,916
Securities available for sale, continual loss position, 12 months or more, gross unrealized losses		1,668
Securities available for sale, continual loss position, estimated fair value	699,869	1,880,449
Securities available for sale, continual loss position, gross unrealized losses	$ 550	$ 10,486

Note 3 - Loans - Summary of Loa

Note 3 - Loans - Summary of Loans (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Residential Owner Occupied - First Lien [Member]
Loans	$ 36,631,304	$ 44,890,154
Percentage of total loans	28.00%	34.90%
Residential Owner Occupied - Junior Lien [Member]
Loans	$ 7,380,956	$ 4,988,405
Percentage of total loans	5.60%	3.90%
Residential Non-Owner Occupied (Investor) [Member]
Loans	$ 15,250,207	$ 15,849,835
Percentage of total loans	11.60%	12.30%
Commercial Owner Occupied [Member]
Loans	$ 12,281,567	$ 14,717,990
Percentage of total loans	9.40%	11.40%
Other Commercial Loans [Member]
Loans	$ 59,155,713	$ 47,883,818
Percentage of total loans	45.20%	37.20%
Consumer Portfolio Segment [Member]
Loans	$ 246,198	$ 376,070
Percentage of total loans	0.20%	0.30%
Loans	$ 130,945,945	$ 128,706,272
Percentage of total loans	100.00%	100.00%
Net deferred fees, costs and purchase premiums	$ 502,111	$ 628,139
Allowance for loan losses	(959,000)	(901,000)
Total loans, net	$ 130,489,056	$ 128,433,411

Note 4 - Credit Quality of Lo31

Note 4 - Credit Quality of Loans and Allowance for Loan Losses (Details Textual)	9 Months Ended	12 Months Ended
	Sep. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Mortgage Loans in Process of Foreclosure, Amount	$ 0
Financing Receivable, Modifications, Number of Contracts	0	0
Minimum Non Classified Commercial Loan Required for Annual Review	$ 50,000
Time Period to Be Consider for Restructured Loan to Become as Performing Loan	180 days
Repossessed Assets	$ 146,410	$ 199,374

Note 4 - Credit Quality of Lo32

Note 4 - Credit Quality of Loans and Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Dec. 31, 2015
Residential Owner Occupied - First Lien [Member]
Allowance, beginning balance	$ 145,821	$ 182,964	$ 206,169	$ 228,461
Charge-offs	0	0	0	0
Recoveries	2,844	6,835	18,694	24,939
Provision	(9,356)	(21,544)	(85,554)	(85,145)
Allowance, ending balance	139,309	168,255	139,309	168,255
Allowance for loan losses:
Allowance for loan losses	145,821	182,964	139,309	168,255	$ 139,309	$ 206,169
Allowance, ending balance: individually evaluated for impairment					0	0
Allowance, ending balance: collectively evaluated for impairment					139,309	206,169
Loans:
Loans					36,631,304	44,890,154
Loans, ending balance: individually evaluated for impairment						0
Loans, ending balance: collectively evaluated for impairment					36,631,304	44,890,154
Residential Owner Occupied - Junior Lien [Member]
Allowance, beginning balance	21,923	20,944	21,450	25,051
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	7,896	(479)	8,369	(4,586)
Allowance, ending balance	29,819	20,465	29,819	20,465
Allowance for loan losses:
Allowance for loan losses	21,923	20,944	29,819	20,465	29,819	21,450
Allowance, ending balance: individually evaluated for impairment					0	0
Allowance, ending balance: collectively evaluated for impairment					29,819	21,450
Loans:
Loans					7,380,956	4,988,405
Loans, ending balance: individually evaluated for impairment					0	0
Loans, ending balance: collectively evaluated for impairment					7,380,956	4,988,405
Residential Non-Owner Occupied (Investor) [Member]
Allowance, beginning balance	109,954	50,142	69,898	46,047
Charge-offs	0	0	0	0
Recoveries	0		0	1,744
Provision	(1,957)	5,546	38,099	7,897
Allowance, ending balance	107,997	55,688	107,997	55,688
Allowance for loan losses:
Allowance for loan losses	109,954	50,142	107,997	55,688	107,997	69,898
Allowance, ending balance: individually evaluated for impairment					48,982	0
Allowance, ending balance: collectively evaluated for impairment					59,015	69,898
Loans:
Loans					15,250,207	15,849,835
Loans, ending balance: individually evaluated for impairment					211,640	108,188
Loans, ending balance: collectively evaluated for impairment					15,038,567	15,741,647
Commercial Owner Occupied [Member]
Allowance, beginning balance	95,179	98,661	117,744	89,811
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	3,074	20,289	(19,491)	29,139
Allowance, ending balance	98,253	118,950	98,253	118,950
Allowance for loan losses:
Allowance for loan losses	95,179	98,661	98,253	118,950	98,253	117,744
Allowance, ending balance: individually evaluated for impairment					0	0
Allowance, ending balance: collectively evaluated for impairment					98,253	117,744
Loans:
Loans					12,281,567	14,717,990
Loans, ending balance: individually evaluated for impairment					0	0
Loans, ending balance: collectively evaluated for impairment					12,281,567	14,717,990
Other Commercial Loans [Member]
Allowance, beginning balance	581,123	447,289	485,739	332,630
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	2,499	31,353	97,883	146,012
Allowance, ending balance	583,622	478,642	583,622	478,642
Allowance for loan losses:
Allowance for loan losses	581,123	447,289	583,622	478,642	583,622	485,739
Allowance, ending balance: individually evaluated for impairment					0	0
Allowance, ending balance: collectively evaluated for impairment					583,622	485,739
Loans:
Loans					59,155,713	47,883,818
Loans, ending balance: individually evaluated for impairment					0	0
Loans, ending balance: collectively evaluated for impairment					59,155,713	47,883,818
Consumer Portfolio Segment [Member]
Allowance, beginning balance	0	0	0	0
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	0	0	0	0
Allowance, ending balance	0	0	0	0
Allowance for loan losses:
Allowance for loan losses	0	0	0	0	0	0
Allowance, ending balance: individually evaluated for impairment					0	0
Allowance, ending balance: collectively evaluated for impairment					0	0
Loans:
Loans					246,198	376,070
Loans, ending balance: individually evaluated for impairment					0	0
Loans, ending balance: collectively evaluated for impairment					246,198	376,070
Allowance, beginning balance	954,000	800,000	901,000	722,000
Charge-offs	0	0	0	0
Recoveries	2,844	6,835	18,694	26,683
Provision	2,156	35,165	39,306	93,317
Allowance, ending balance	959,000	842,000	959,000	842,000
Allowance for loan losses	$ 954,000	$ 800,000	$ 959,000	$ 842,000	959,000	901,000
Allowance, ending balance: individually evaluated for impairment					48,982	0
Allowance, ending balance: collectively evaluated for impairment					910,018	901,000
Loans					130,945,945	128,706,272
Loans, ending balance: individually evaluated for impairment					211,640	108,188
Loans, ending balance: collectively evaluated for impairment					$ 130,734,305	$ 128,598,084

Note 4 - Credit Quality of Lo33

Note 4 - Credit Quality of Loans and Allowance for Loan Losses - Loan Portfolio Quality Indicators (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Residential Owner Occupied - First Lien [Member] | Pass [Member]
Financial Receivable Recorded Investment	$ 36,631,304	$ 44,890,154
Residential Owner Occupied - First Lien [Member] | Special Mention [Member]
Financial Receivable Recorded Investment	0	0
Residential Owner Occupied - First Lien [Member] | Substandard [Member]
Financial Receivable Recorded Investment	0	0
Residential Owner Occupied - First Lien [Member] | Doubtful [Member]
Financial Receivable Recorded Investment	0	0
Residential Owner Occupied - First Lien [Member]
Financial Receivable Recorded Investment	36,631,304	44,890,154
Residential Owner Occupied - Junior Lien [Member] | Pass [Member]
Financial Receivable Recorded Investment	7,380,956	4,988,405
Residential Owner Occupied - Junior Lien [Member] | Special Mention [Member]
Financial Receivable Recorded Investment	0	0
Residential Owner Occupied - Junior Lien [Member] | Substandard [Member]
Financial Receivable Recorded Investment	0	0
Residential Owner Occupied - Junior Lien [Member] | Doubtful [Member]
Financial Receivable Recorded Investment	0	0
Residential Owner Occupied - Junior Lien [Member]
Financial Receivable Recorded Investment	7,380,956	4,988,405
Residential Non-Owner Occupied (Investor) [Member] | Pass [Member]
Financial Receivable Recorded Investment	14,554,977	15,252,037
Residential Non-Owner Occupied (Investor) [Member] | Special Mention [Member]
Financial Receivable Recorded Investment	0	0
Residential Non-Owner Occupied (Investor) [Member] | Substandard [Member]
Financial Receivable Recorded Investment	695,230	597,798
Residential Non-Owner Occupied (Investor) [Member] | Doubtful [Member]
Financial Receivable Recorded Investment	0	0
Residential Non-Owner Occupied (Investor) [Member]
Financial Receivable Recorded Investment	15,250,207	15,849,835
Commercial Owner Occupied [Member] | Pass [Member]
Financial Receivable Recorded Investment	12,281,567	14,717,990
Commercial Owner Occupied [Member] | Special Mention [Member]
Financial Receivable Recorded Investment	0	0
Commercial Owner Occupied [Member] | Substandard [Member]
Financial Receivable Recorded Investment	0	0
Commercial Owner Occupied [Member] | Doubtful [Member]
Financial Receivable Recorded Investment	0	0
Commercial Owner Occupied [Member]
Financial Receivable Recorded Investment	12,281,567	14,717,990
Other Commercial Loans [Member] | Pass [Member]
Financial Receivable Recorded Investment	56,098,999	47,883,818
Other Commercial Loans [Member] | Special Mention [Member]
Financial Receivable Recorded Investment	3,056,714	0
Other Commercial Loans [Member] | Substandard [Member]
Financial Receivable Recorded Investment	0	0
Other Commercial Loans [Member] | Doubtful [Member]
Financial Receivable Recorded Investment	0	0
Other Commercial Loans [Member]
Financial Receivable Recorded Investment	59,155,713	47,883,818
Consumer Portfolio Segment [Member] | Pass [Member]
Financial Receivable Recorded Investment	246,198	376,070
Consumer Portfolio Segment [Member] | Special Mention [Member]
Financial Receivable Recorded Investment	0	0
Consumer Portfolio Segment [Member] | Substandard [Member]
Financial Receivable Recorded Investment	0	0
Consumer Portfolio Segment [Member] | Doubtful [Member]
Financial Receivable Recorded Investment	0	0
Consumer Portfolio Segment [Member]
Financial Receivable Recorded Investment	246,198	376,070
Pass [Member]
Financial Receivable Recorded Investment	127,194,001	128,108,474
Special Mention [Member]
Financial Receivable Recorded Investment	3,056,714	0
Substandard [Member]
Financial Receivable Recorded Investment	695,230	597,798
Doubtful [Member]
Financial Receivable Recorded Investment	0	0
Financial Receivable Recorded Investment	$ 130,945,945	$ 128,706,272

Note 4 - Credit Quality of Lo34

Note 4 - Credit Quality of Loans and Allowance for Loan Losses - Delinquencies in the Loan Portfolio (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Residential Owner Occupied - First Lien [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	$ 284,944	$ 122,300
Residential Owner Occupied - First Lien [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	165,693	245,730
Residential Owner Occupied - First Lien [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due
Residential Owner Occupied - First Lien [Member]
Current	36,180,667	44,522,124
Past due	450,637	368,030
Total	36,631,304	44,890,154
Residential Owner Occupied - Junior Lien [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	42,871	0
Residential Owner Occupied - Junior Lien [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	0	0
Residential Owner Occupied - Junior Lien [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	0
Residential Owner Occupied - Junior Lien [Member]
Current	7,338,085	4,988,405
Past due	42,871
Total	7,380,956	4,988,405
Residential Non-Owner Occupied (Investor) [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	102,358	118,194
Residential Non-Owner Occupied (Investor) [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due		0
Residential Non-Owner Occupied (Investor) [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due		0
Residential Non-Owner Occupied (Investor) [Member]
Current	15,147,849	15,731,641
Past due	102,358	118,194
Total	15,250,207	15,849,835
Commercial Owner Occupied [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	0	0
Commercial Owner Occupied [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	0	0
Commercial Owner Occupied [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	0	0
Commercial Owner Occupied [Member]
Current	12,281,567	14,717,990
Past due	0	0
Total	12,281,567	14,717,990
Other Commercial Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	2,555,203	1,262,259
Other Commercial Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	0	0
Other Commercial Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	0	0
Other Commercial Loans [Member]
Current	56,600,510	46,621,559
Past due	2,555,203	1,262,259
Total	59,155,713	47,883,818
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	0	0
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	0	0
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	0	0
Consumer Portfolio Segment [Member]
Current	246,198	376,070
Past due	0	0
Total	246,198	376,070
Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	2,985,376	1,502,753
Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	165,693	245,730
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due
Current	127,794,876	126,957,789
Past due	3,151,069	1,748,483
Total	$ 130,945,945	$ 128,706,272

Note 4 - Credit Quality of Lo35

Note 4 - Credit Quality of Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Residential Owner Occupied - First Lien [Member]
Recorded Investment- With no related allowance recorded
Unpaid Principal Balance- With no related allowance recorded
Recorded Investment - with an allowance recorded
Unpaid Principal Balance - with an allowance recorded
Related Allowance
Recorded Investment
Unpaid Principal Balance
Average recorded investment- With no related allowance recorded		$ 146,410	6,890	$ 227,210
Interest income that would have been recognized- With no related allowance recorded		1,753		9,827
Interest income recognized (cash basis)- With no related allowance recorded				19,626
Interest income foregone (recovered)- With no related allowance recorded		1,753		(9,799)
Average recorded investment, with an allowance recorded		55,034		27,517
Interest income that would have been recognized, with an allowance recorded		457		579
Interest income recognized (cash basis)- With an allowance recorded
Interest income foregone (recovered), with an allowance recorded		457		579
Average recorded investment		201,444	6,890	254,727
Interest income that would have been recognized		2,210		10,406
Interest income recognized (cash basis)				19,626
Interest income foregone (recovered)		2,210		(9,220)
Residential Owner Occupied - Junior Lien [Member]
Recorded Investment- With no related allowance recorded
Unpaid Principal Balance- With no related allowance recorded
Recorded Investment - with an allowance recorded
Unpaid Principal Balance - with an allowance recorded
Related Allowance
Recorded Investment
Unpaid Principal Balance
Average recorded investment- With no related allowance recorded				2,354
Interest income that would have been recognized- With no related allowance recorded				98
Interest income recognized (cash basis)- With no related allowance recorded				611
Interest income foregone (recovered)- With no related allowance recorded				(513)
Average recorded investment, with an allowance recorded
Interest income that would have been recognized, with an allowance recorded
Interest income recognized (cash basis)- With an allowance recorded
Interest income foregone (recovered), with an allowance recorded
Average recorded investment				2,354
Interest income that would have been recognized				98
Interest income recognized (cash basis)				611
Interest income foregone (recovered)				(513)
Residential Non-Owner Occupied (Investor) [Member]
Recorded Investment- With no related allowance recorded	102,358		102,358		108,188
Unpaid Principal Balance- With no related allowance recorded	102,358		102,358		108,188
Recorded Investment - with an allowance recorded	109,282		109,282
Unpaid Principal Balance - with an allowance recorded	116,634		116,634
Related Allowance	48,982		48,982
Recorded Investment	211,640		211,640		108,188
Unpaid Principal Balance	218,992		218,992		108,188
Average recorded investment- With no related allowance recorded	103,458	110,698	105,641	112,837
Interest income that would have been recognized- With no related allowance recorded
Interest income recognized (cash basis)- With no related allowance recorded
Interest income foregone (recovered)- With no related allowance recorded
Average recorded investment, with an allowance recorded	110,619		84,190
Interest income that would have been recognized, with an allowance recorded	2,238		6,580
Interest income recognized (cash basis)- With an allowance recorded
Interest income foregone (recovered), with an allowance recorded	2,238		6,580
Average recorded investment	214,077	110,698	189,831	112,837
Interest income that would have been recognized	2,238		6,580
Interest income recognized (cash basis)
Interest income foregone (recovered)	2,238		6,580
Commercial Owner Occupied [Member]
Recorded Investment- With no related allowance recorded
Unpaid Principal Balance- With no related allowance recorded
Recorded Investment - with an allowance recorded
Unpaid Principal Balance - with an allowance recorded
Related Allowance
Recorded Investment
Unpaid Principal Balance
Average recorded investment- With no related allowance recorded
Interest income that would have been recognized- With no related allowance recorded
Interest income recognized (cash basis)- With no related allowance recorded
Interest income foregone (recovered)- With no related allowance recorded
Average recorded investment, with an allowance recorded
Interest income that would have been recognized, with an allowance recorded
Interest income recognized (cash basis)- With an allowance recorded
Interest income foregone (recovered), with an allowance recorded
Average recorded investment
Interest income that would have been recognized
Interest income recognized (cash basis)
Interest income foregone (recovered)
Other Commercial Loans [Member]
Recorded Investment- With no related allowance recorded
Unpaid Principal Balance- With no related allowance recorded
Recorded Investment - with an allowance recorded
Unpaid Principal Balance - with an allowance recorded
Related Allowance
Recorded Investment
Unpaid Principal Balance
Average recorded investment- With no related allowance recorded
Interest income that would have been recognized- With no related allowance recorded
Interest income recognized (cash basis)- With no related allowance recorded
Interest income foregone (recovered)- With no related allowance recorded
Average recorded investment, with an allowance recorded
Interest income that would have been recognized, with an allowance recorded
Interest income recognized (cash basis)- With an allowance recorded
Interest income foregone (recovered), with an allowance recorded
Average recorded investment
Interest income that would have been recognized
Interest income recognized (cash basis)
Interest income foregone (recovered)
Consumer Portfolio Segment [Member]
Recorded Investment- With no related allowance recorded
Unpaid Principal Balance- With no related allowance recorded
Recorded Investment - with an allowance recorded
Unpaid Principal Balance - with an allowance recorded
Related Allowance
Recorded Investment
Unpaid Principal Balance
Average recorded investment- With no related allowance recorded
Interest income that would have been recognized- With no related allowance recorded
Interest income recognized (cash basis)- With no related allowance recorded
Interest income foregone (recovered)- With no related allowance recorded
Average recorded investment, with an allowance recorded
Interest income that would have been recognized, with an allowance recorded
Interest income recognized (cash basis)- With an allowance recorded
Interest income foregone (recovered), with an allowance recorded
Average recorded investment
Interest income that would have been recognized
Interest income recognized (cash basis)
Interest income foregone (recovered)
Recorded Investment- With no related allowance recorded	102,358		102,358		108,188
Unpaid Principal Balance- With no related allowance recorded	102,358		102,358		108,188
Recorded Investment - with an allowance recorded	109,282		109,282
Unpaid Principal Balance - with an allowance recorded	116,634		116,634
Related Allowance	48,982		48,982
Recorded Investment	211,640		211,640		108,188
Unpaid Principal Balance	218,992		218,992		$ 108,188
Average recorded investment- With no related allowance recorded	103,458	257,108	112,531	342,401
Interest income that would have been recognized- With no related allowance recorded		1,753		9,925
Interest income recognized (cash basis)- With no related allowance recorded				20,237
Interest income foregone (recovered)- With no related allowance recorded		1,753		(10,312)
Average recorded investment, with an allowance recorded	110,619	55,034	84,190	27,517
Interest income that would have been recognized, with an allowance recorded	2,238	457	6,580	579
Interest income recognized (cash basis)- With an allowance recorded
Interest income foregone (recovered), with an allowance recorded	2,238	457	6,580	579
Average recorded investment	214,077	312,142	196,721	369,918
Interest income that would have been recognized	2,238	2,210	6,580	10,504
Interest income recognized (cash basis)				20,237
Interest income foregone (recovered)	$ 2,238	$ 2,210	$ 6,580	$ (9,733)

Note 4 - Credit Quality of Lo36

Note 4 - Credit Quality of Loans and Allowance for Loan Losses - Performing and Non-performing Impaired Loans (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Performing Financial Instruments [Member] | Residential Non-Owner Occupied (Investor) [Member]
Impaired Loans Performing and Nonperforming loans	$ 102,358	$ 108,188
Performing Financial Instruments [Member]
Impaired Loans Performing and Nonperforming loans	102,358	108,188
Nonperforming Financial Instruments [Member] | Residential Non-Owner Occupied (Investor) [Member]
Impaired Loans Performing and Nonperforming loans	109,282
Nonperforming Financial Instruments [Member] | Residential Owner Occupied - First Lien [Member]
Impaired Loans Performing and Nonperforming loans
Nonperforming Financial Instruments [Member]
Impaired Loans Performing and Nonperforming loans	109,282
Impaired Loans Performing and Nonperforming loans	$ 211,640	$ 108,188

Note 5 - Deposits (Details Text

Note 5 - Deposits (Details Textual) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Deposits Certificates of Deposits Brokered and Listing Service	$ 19,600,000	$ 27,800,000
Cash, FDIC Insured Amount	$ 250,000

Note 5 - Deposits - Summary of

Note 5 - Deposits - Summary of Deposit Product Segment (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Non Interest Bearing Checking [Member]
Deposits	$ 8,832,647	$ 8,718,993
Percent of total	6.50%	7.10%
Interest-bearing Checking [Member]
Deposits	$ 17,492,025	$ 8,098,550
Percent of total	12.90%	6.60%
Savings [Member]
Deposits	$ 3,885,601	$ 2,512,638
Percent of total	2.80%	2.10%
Premium Savings [Member]
Deposits	$ 19,166,796	$ 20,619,758
Percent of total	14.10%	16.90%
IRA Savings [Member]
Deposits	$ 5,800,858	$ 6,325,231
Percent of total	4.30%	5.20%
Money Market Funds [Member]
Deposits	$ 9,751,074	$ 11,892,738
Percent of total	7.20%	9.70%
Certificates of Deposit [Member]
Deposits	$ 70,965,120	$ 63,933,254
Percent of total	52.20%	52.40%
Deposits	$ 135,894,121	$ 122,101,162
Percent of total	100.00%	100.00%

Note 5 - Deposits - Summary o39

Note 5 - Deposits - Summary of Certificates of Deposit by Maturity Date Ranges (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Less than or equal to one year	$ 33,474,639	$ 36,634,331
More than one to two years	25,328,323	13,245,022
More than two to three years	3,837,249	8,965,734
More than three to four years	2,224,834	1,798,769
More than four to five years	6,100,075	3,289,398
Total certificates of deposit	$ 70,965,120	$ 63,933,254

Note 6 - Fair Value Measureme40

Note 6 - Fair Value Measurements - Summary of Financial Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Measurements, Recurring [Member] | Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, estimated fair value	$ 1,856,632	$ 2,552,623
Fair Value, Measurements, Recurring [Member] | Residential Mortgage Backed Securities [Member]
Securities available for sale, estimated fair value	1,856,632	2,552,623
Fair Value, Measurements, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, estimated fair value	2,048,160	2,017,187
Fair Value, Measurements, Recurring [Member] | Commercial Mortgage Backed Securities [Member]
Securities available for sale, estimated fair value	2,048,160	2,017,187
Fair Value, Measurements, Recurring [Member] | Municipal Bonds1 [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, estimated fair value	222,882	242,574
Fair Value, Measurements, Recurring [Member] | Municipal Bonds1 [Member]
Securities available for sale, estimated fair value	222,882	242,574
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, estimated fair value	4,127,674	4,812,384
Fair Value, Measurements, Recurring [Member]
Securities available for sale, estimated fair value	4,127,674	4,812,384
Residential Mortgage Backed Securities [Member]
Securities available for sale, estimated fair value	1,856,632	2,552,623
Commercial Mortgage Backed Securities [Member]
Securities available for sale, estimated fair value	2,048,160	2,017,187
Fair Value, Inputs, Level 2 [Member]
Securities available for sale, estimated fair value	4,127,674	4,812,384
Securities available for sale, estimated fair value	$ 4,127,674	$ 4,812,384

Note 6 - Fair Value Measureme41

Note 6 - Fair Value Measurements - Summary of Financial Assets Measured at Fair Value on Non-recurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Residential Non-Owner Occupied (Investor) [Member] | Fair Value, Inputs, Level 3 [Member]
Nonperforming impaired loans	$ 162,658	$ 108,188
Residential Non-Owner Occupied (Investor) [Member]
Nonperforming impaired loans	162,658	108,188
Residential Owner Occupied - First Lien [Member] | Fair Value, Inputs, Level 3 [Member]
Foreclosed assets at fair value	146,410	199,374
Residential Owner Occupied - First Lien [Member]
Foreclosed assets at fair value	146,410	199,374
Fair Value, Inputs, Level 3 [Member]
Nonperforming impaired loans	162,658	108,188
Foreclosed assets at fair value	146,410	199,374
Nonperforming impaired loans	162,658	108,188
Foreclosed assets at fair value	$ 146,410	$ 199,374

Note 6 - Fair Value Measureme42

Note 6 - Fair Value Measurements - Reconciliation of Beginning and Ending Balances for Level 3 Assets (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Impaired Loans [Member]
Balance	$ 108,188	$ 595,070
Total realized and unrealized gains (losses):
Included in net income
Settlements	(5,830)	(253,803)
Transfers in and/or out of Level 3	60,300	(233,079)
Balance	162,658	108,188
Foreclosed Real Estate [Member]
Balance	199,374	52,964
Total realized and unrealized gains (losses):
Included in net income	(30,519)
Settlements	(22,445)
Transfers in and/or out of Level 3		146,410
Balance	$ 146,410	$ 199,374

Note 6 - Fair Value Measureme43

Note 6 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Inputs, Level 1 [Member]
Financial instruments - assets:
Cash and cash equivalents at fair value
Certificates of deposit with depository institutions
Securities available for sale, estimated fair value
Securities available for sale, estimated fair value
Securities held to maturity at fair value
Loans, net of allowance for loan losses at fair value
Bank-owned life insurance at fair value
Other equity securities at fair value
Financial instruments - liabilities:
Deposits at fair value
Federal Home Loan Bank advances at fair value
Fair Value, Inputs, Level 2 [Member]
Financial instruments - assets:
Cash and cash equivalents at fair value	19,635,096	8,207,767
Certificates of deposit with depository institutions	2,450,165	2,450,248
Securities available for sale, estimated fair value	4,127,674	4,812,384
Securities available for sale, estimated fair value	4,127,674	4,812,384
Securities held to maturity at fair value	3,039,429	2,011,900
Bank-owned life insurance at fair value	2,149,663	2,107,770
Other equity securities at fair value
Financial instruments - liabilities:
Deposits at fair value	136,021,000	121,806,000
Federal Home Loan Bank advances at fair value	12,615,000	12,616,000
Fair Value, Inputs, Level 3 [Member]
Financial instruments - assets:
Cash and cash equivalents at fair value
Certificates of deposit with depository institutions
Securities available for sale, estimated fair value
Securities available for sale, estimated fair value
Securities held to maturity at fair value
Loans, net of allowance for loan losses at fair value	131,101,000	129,910,000
Bank-owned life insurance at fair value
Other equity securities at fair value	816,096	869,296
Financial instruments - liabilities:
Deposits at fair value
Federal Home Loan Bank advances at fair value
Cash and cash equivalents	19,635,096	8,207,767	$ 10,451,879	$ 6,909,391
Cash and cash equivalents at fair value	19,635,096	8,207,767
Certificates of deposit with depository institutions	2,450,165	2,450,248
Certificates of deposit with depository institutions	2,450,165	2,450,248
Securities available for sale, estimated fair value	4,127,674	4,812,384
Securities available for sale, estimated fair value	4,127,674	4,812,384
Securities held to maturity, amortized cost	2,978,315	2,005,775
Securities held to maturity at fair value	3,039,429	2,011,900
Loans, net of allowance for loan losses	130,489,056	128,433,411
Loans, net of allowance for loan losses at fair value	131,101,000	129,910,000
Bank-owned life insurance	2,149,663	2,107,770
Bank-owned life insurance at fair value	2,149,663	2,107,770
Other equity securities	816,096	869,296
Other equity securities at fair value	816,096	869,296
Deposits	135,894,121	122,101,162
Deposits at fair value	136,021,000	121,806,000
Federal Home Loan Bank advances	12,500,000	12,500,000
Federal Home Loan Bank advances at fair value	$ 12,615,000	$ 12,616,000

Note 7 - Capital Requirements44

Note 7 - Capital Requirements and Regulatory Matters (Details Textual)	9 Months Ended
	Sep. 30, 2016
Maximum [Member]
Cash Dividend Limit as Percentage of Net Earnings	90.00%
Dividends Paid from Undivided Profits	100.00%
Dividends Paid from Surplus in Excess of Required Capital Stock	100.00%
Loans and Advances Limit as Percentage of Capital	10.00%

Note 7 - Capital Requirements45

Note 7 - Capital Requirements and Regulatory Matters - Actual Capital Levels and Minimum Levels (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Total capital to risk-weighted assets- Actual	$ 16,838,027	$ 16,584,390
Total capital to risk-weighted assets- Actual Ratio	15.00%	16.00%
Total capital to risk-weighted assets- For Capital Adequacy amount	$ 8,953,920	$ 8,301,696
Total capital to risk-weighted assets- For Capital Adequacy Ratio	8.00%	8.00%
Total capital to risk-weighted assets- To be well capialized under prompt corrective action provisions	$ 11,192,400	$ 10,377,120
Total capital to risk-weighted assets- To be well capialized under prompt corrective action provisions ratio	10.00%	10.00%
Tier 1 capital to risk-weighted assets- Actual	$ 15,879,027	$ 15,683,390
Tier 1 capital to risk-weighted assets- Actual Ratio	14.20%	15.10%
Tier 1 capital to risk-weighted assets- For Capital Adequacy amount	$ 6,715,440	$ 6,226,272
Tier 1 capital to risk-weighted assets- For Capital Adequacy Ratio	6.00%	6.00%
Tier 1 capital to risk-weighted assets- To be well capialized under prompt corrective action provisions	$ 8,953,920	$ 8,301,696
Tier 1 capital to risk-weighted assets- To be well capialized under prompt corrective action provisions ratio	8.00%	8.00%
Common equity tier 1 capital to risk-weighted assets- Actual	$ 15,879,027	$ 15,683,390
Common equity tier 1 capital to risk-weighted assets- Actual Ratio	14.20%	15.10%
Common equity tier 1 capital to risk-weighted assets- For Capital Adequacy amount	$ 5,036,580	$ 4,669,704
Common equity tier 1 capital to risk-weighted assets- For Capital Adequacy Ratio	4.50%	4.50%
Common equity tier 1 capital to risk-weighted assets- To be well capialized under prompt corrective action provisions	$ 7,275,060	$ 6,745,128
Common equity tier 1 capital to risk-weighted assets- To be well capialized under prompt corrective action provisions ratio	6.50%	6.50%
Tier 1 leverage to average assets- Actual	$ 15,879,027	$ 15,683,390
Tier 1 leverage to average assets- Actual Ratio	9.90%	10.00%
Tier 1 leverage to average assets- For Capital Adequacy amount	$ 6,390,514	$ 6,304,897
Tier 1 leverage to average assets- For Capital Adequacy Ratio	4.00%	4.00%
Tier 1 leverage to average assets- To be well capialized under prompt corrective action provisions	$ 7,988,143	$ 7,881,122
Tier 1 leverage to average assets- To be well capialized under prompt corrective action provisions ratio	5.00%	5.00%
Tangible capital to tangible assets- Actual	$ 15,902,990	$ 15,685,888
Tangible capital to tangible assets- Actual Ratio	9.60%	10.40%
Tangible capital to tangible assets- For Capital Adequacy amount
Tangible capital to tangible assets- For Capital Adequacy Ratio
Tangible capital to tangible assets- To be well capialized under prompt corrective action provisions
Tangible capital to tangible assets- To be well capialized under prompt corrective action provisions ratio

Note 7 - Capital Requirements46

Note 7 - Capital Requirements and Regulatory Matters - Reconciliation of Company's Consolidated Equity (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Consolidated GAAP equity	$ 16,297,103	$ 16,293,170	$ 16,204,592	$ 10,750,497
Consolidated equity in excess of Bank equity	(394,113)	(607,282)
Bank GAAP equity - Tangible capital	15,902,990	15,685,888
Less:
Accumulated other comprehensive income, net of tax	(23,963)	(2,498)
Common equity tier 1 capital	15,879,027	15,683,390
Plus:
Tier 1 capital	15,879,027	15,683,390
Allowance for loan losses (1.25% of risk-weighted assets)	959,000	901,000
Total risk-based capital	$ 16,838,027	$ 16,584,390

Note 7 - Capital Requirements47

Note 7 - Capital Requirements and Regulatory Matters - Reconciliation of Company's Consolidated Equity (Details) (Parentheticals)	Sep. 30, 2016	Dec. 31, 2015
Percentage of risk-weighted assets	1.25%	1.25%

Note 8 - Earnings Per Share - C

Note 8 - Earnings Per Share - Calculation of Net Income Per Common Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net income	$ 42,149	$ 80,960	$ 164,977	$ 211,295
Weighted average number of shares used in:
Basic weighted average shares outstanding (in shares)	931,974	938,982	935,586	894,969
Adjustment for common share equivalents (in shares)	17,553	22,170	18,453	18,876
Diluted number of shares (in shares)	949,527	961,152	954,039	913,845
Basic net income per common share (in dollars per share)	$ 0.05	$ 0.09	$ 0.18	$ 0.24
Diluted net income per common share (in dollars per share)	$ 0.04	$ 0.08	$ 0.17	$ 0.23