Ottawa Bancorp (OTTW) 10-Q 14 Aug 19 2019 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 14, 2019
Document Information [Line Items]
Entity Registrant Name	Ottawa Bancorp Inc
Entity Central Index Key	0001675192
Trading Symbol	ottw
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		3,217,418
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Title of 12(b) Security	Common Stock

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 4,512,795	$ 2,416,568
Interest bearing deposits	1,683,645	6,013,890
Total cash and cash equivalents	6,196,440	8,430,458
Time deposits	250,000	250,000
Federal funds sold	8,118,000	5,663,000
Securities available for sale	24,926,481	25,533,767
Loans, net of allowance for loan losses of $2,647,805 and $2,627,738 at June 30, 2019 and December 31, 2018, respectively	245,111,776	235,926,419
Loans held for sale	121,125
Premises and equipment, net	6,637,592	6,621,080
Accrued interest receivable	846,113	824,542
Foreclosed real estate	196,000
Deferred tax assets	1,842,234	1,898,141
Cash surrender value of life insurance	2,365,299	2,341,453
Goodwill	649,869	649,869
Core deposit intangible	199,000	228,000
Other assets	4,096,004	4,469,350
Total assets	301,555,933	292,836,079
Liabilities
Non-interest bearing	18,034,007	14,057,719
Interest bearing	210,959,119	209,390,810
Total deposits	228,993,126	223,448,529
Accrued interest payable	12,199	5,648
FHLB advances	17,577,635	12,087,152
Other liabilities	4,413,353	4,470,384
Total liabilities	250,996,313	240,011,713
Stockholders' Equity
Common stock, $0.01 par value, 12,000,000 shares authorized; 3,223,318 and 3,358,922 shares issued at June 30, 2019 and December 31, 2018, respectively	32,233	33,589
Additional paid-in-capital	33,614,487	35,579,606
Retained earnings	18,125,450	18,859,232
Unallocated Employee Stock Ownership Plan (ESOP) shares	(1,487,608)	(1,576,616)
Unearned management recognition plan (MRP) shares	(34,980)	(40,361)
Accumulated other comprehensive income (loss)	310,038	(31,084)
Total stockholders' equity	50,559,620	52,824,366
Total liabilities and stockholders' equity	$ 301,555,933	$ 292,836,079

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Allowance for loan losses	$ 2,647,805	$ 2,627,738
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	12,000,000	12,000,000
Common stock, shares issued (in shares)	3,223,318	3,358,922

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest and dividend income:
Interest and fees on loans	$ 2,852,347	$ 2,546,964	$ 5,712,939	$ 4,945,633
Securities:
Residential mortgage-backed securities	73,858	71,353	156,319	138,819
State and municipal securities	100,610	103,203	198,021	203,651
Dividends on non-marketable equity securities	6,277	5,208	12,711	9,394
Interest-bearing deposits	54,168	29,554	99,547	45,348
Total interest and dividend income	3,087,260	2,756,282	6,179,537	5,342,845
Interest expense:
Deposits	672,145	400,605	1,280,535	733,129
Borrowings	68,445	48,401	141,146	96,545
Total interest expense	740,590	449,006	1,421,681	829,674
Net interest income	2,346,670	2,307,276	4,757,856	4,513,171
Provision for loan losses	170,000	187,000	300,000	312,500
Net interest income after provision for loan losses	2,176,670	2,120,276	4,457,856	4,200,671
Other income:
Gain on sale of loans	173,334	175,660	258,291	308,871
Gain/(Loss) on sale of foreclosed real estate, net		(2,438)		39,597
Loan origination and servicing income	200,108	208,146	354,391	371,018
Origination of mortgage servicing rights, net of amortization	(3,045)	9,999	(12,735)	22,853
Increase in cash surrender value of life insurance	11,912	11,865	23,846	23,635
Gain/(Loss) on sale of repossessed assets, net	8,544	2,470	7,796	(238)
Other	24,184	23,696	45,946	48,634
Total other income	540,116	555,410	918,480	1,063,377
Other expenses:
Salaries and employee benefits	1,188,291	1,103,496	2,286,849	2,115,940
Directors fees	43,000	46,750	86,000	94,750
Occupancy	157,060	160,390	328,010	334,461
Deposit insurance premium	14,465	16,430	31,565	32,826
Legal and professional services	102,398	100,949	197,933	189,650
Data processing	148,855	161,121	335,443	315,894
Loan expense	172,623	193,862	337,035	362,669
Valuation adjustments and expenses on foreclosed real estate	6,419	11,788	12,003	20,800
Other	315,864	412,323	598,751	676,739
Total other expenses	2,148,975	2,207,109	4,213,589	4,143,729
Income before income tax expense	567,811	468,577	1,162,747	1,120,319
Income tax expense	133,199	112,704	328,064	284,864
Net income	$ 434,612	$ 355,873	$ 834,683	$ 835,455
Basic earnings per share (in dollars per share)	$ 0.14	$ 0.11	$ 0.26	$ 0.26
Diluted earnings per share (in dollars per share)	0.14	0.11	0.26	0.26
Dividends per share (in dollars per share)	$ 0.43	$ 0.05	$ 0.49	$ 0.165
Bank Servicing [Member]
Other income:
Customer service fees	$ 125,079	$ 126,012	$ 240,945	$ 249,007

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net income	$ 434,612	$ 355,873	$ 834,683	$ 835,455
Other comprehensive income (loss), before tax:
Unrealized holding gains (losses) arising during the period	309,506	(66,651)	477,127	(310,622)
Other comprehensive income (loss), before tax	309,506	(66,651)	477,127	(310,622)
Income tax expense (benefit) related to items of other comprehensive income (loss)	158,999	(18,999)	136,005	(88,543)
Other comprehensive income (loss), net of tax	150,507	(47,652)	341,122	(222,079)
Comprehensive income	$ 585,119	$ 308,221	$ 1,175,805	$ 613,376

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Unallocated ESOP Shares [Member]	Unallocated MRP Shares [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2017	$ 34,518	$ 36,949,508	$ 17,720,962	$ (1,754,632)		$ 152,579	$ 53,102,935
Net income			479,582				479,582
Other comprehensive income						(174,427)	(174,427)
Allocation of ESOP		21,269		44,504			65,773
Recognition and Retention Plan options exercised	140	64,995					65,135
Cash dividends paid			(372,379)				(372,379)
Repurchase shares	(503)	(706,555)					(707,058)
Balance at Mar. 31, 2018	34,155	36,329,217	17,828,165	(1,710,128)		(21,848)	52,459,561
Balance at Dec. 31, 2017	34,518	36,949,508	17,720,962	(1,754,632)		152,579	53,102,935
Net income							835,455
Balance at Jun. 30, 2018	34,002	36,138,342	18,022,135	(1,665,624)		(69,500)	52,459,355
Balance at Mar. 31, 2018	34,155	36,329,217	17,828,165	(1,710,128)		(21,848)	52,459,561
Net income			355,873				355,873
Other comprehensive income						(47,652)	(47,652)
Allocation of ESOP		20,502		44,504			65,006
Recognition and Retention Plan options exercised
Cash dividends paid			(161,903)				(161,903)
Repurchase shares	(153)	(211,377)					(211,530)
Balance at Jun. 30, 2018	34,002	36,138,342	18,022,135	(1,665,624)		(69,500)	52,459,355
Balance at Dec. 31, 2018	33,589	35,579,606	18,859,232	(1,576,616)	(40,361)	(31,084)	52,824,366
Net income			400,070				400,070
Other comprehensive income						190,615	190,615
Allocation of ESOP		19,595		44,504			64,099
Recognition and Retention Plan options exercised	25	8,900					8,925
Cash dividends paid			(201,110)				(201,110)
Repurchase shares	(249)	(347,331)					(347,580)
Compensation expense on MRP awards amortized					3,363		3,363
Balance at Mar. 31, 2019	33,365	35,260,770	19,058,192	(1,532,112)	(36,998)	159,531	52,942,748
Balance at Dec. 31, 2018	33,589	35,579,606	18,859,232	(1,576,616)	(40,361)	(31,084)	52,824,366
Net income							834,683
Balance at Jun. 30, 2019	32,233	33,614,487	18,125,450	(1,487,608)	(34,980)	310,038	50,559,620
Balance at Mar. 31, 2019	33,365	35,260,770	19,058,192	(1,532,112)	(36,998)	159,531	52,942,748
Net income			434,612				434,612
Other comprehensive income						150,507	150,507
Allocation of ESOP		18,280		44,504			62,784
Recognition and Retention Plan options exercised
Cash dividends paid			(1,367,354)				(1,367,354)
Repurchase shares	(1,132)	(1,664,563)					(1,665,695)
Compensation expense on MRP awards amortized					2,018		2,018
Balance at Jun. 30, 2019	$ 32,233	$ 33,614,487	$ 18,125,450	$ (1,487,608)	$ (34,980)	$ 310,038	$ 50,559,620

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018
Unallocated ESOP Shares [Member]
Allocation of ESOP shares (in shares)			4,695	4,695
Retained Earnings [Member]
Cash dividends paid, per share (in dollars per share)				$ 0.115
Common Stock [Member]
Shares repurchased (in shares)			15,330	50,305
Allocation of ESOP shares (in shares)	4,696	4,694
Cash dividends paid, per share (in dollars per share)	$ 0.43	$ 0.06	$ 0.05
Shares repurchased (in shares)	113,141	24,963

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash Flows from Operating Activities
Net income	$ 834,683	$ 835,455
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	141,253	120,612
Provision for loan losses	300,000	312,500
Provision for deferred income taxes	(80,098)	(32,434)
Net amortization of premiums and discounts on securities	73,444	116,955
Origination of mortgage loans held for sale	(6,851,474)	(12,243,101)
Proceeds from sale of mortgage loans held for sale	6,988,640	12,457,120
Gain on sale of loans, net	(258,291)	(308,871)
Origination of mortgage servicing rights, net of amortization	(12,735)	(22,853)
Gain on sale of foreclosed real estate, net		(39,597)
Loss on sale of repossessed assets, net	7,796	238
ESOP compensation expense	126,883	130,779
MRP compensation expense	5,381
Amortization of core deposit intangible	29,000	29,000
Amortization of fair value adjustments on acquired:
Loans	8,930	18,401
Federal Home Loan Bank Advances	2,185	3,472
Increase in cash surrender value of life insurance	(23,846)	(23,635)
Change in assets and liabilities:
Increase in accrued interest receivable	(21,571)	(46,020)
Decrease (increase) in other assets	366,811	(236,090)
Increase in accrued interest payable and other liabilities	(50,480)	(198,907)
Net cash provided by operating activities	1,586,511	873,024
Cash Flows from Investing Activities
Purchases	(1,417,224)	(2,259,494)
Sales, calls, maturities and paydowns	2,428,193	2,321,556
Net increase in loans	(9,893,127)	(13,974,493)
Net increase in federal funds sold	(2,455,000)	(2,714,000)
Proceeds from sale of foreclosed real estate		147,697
Proceeds from sale of repossessed assets	214,313	69,262
Purchase of premises and equipment	(157,765)	(64,076)
Net cash (provided by) investing activities	(11,280,610)	(16,473,548)
Cash Flows from Financing Activities
Net increase in deposits	5,544,597	24,955,550
Proceeds from Federal Home Loan Bank advances	7,500,000	4,750,000
Principal reduction of Federal Home Loan Bank advances	(2,011,702)	(10,761,532)
Proceeds from federal funds purchased		329,100
Proceeds from stock options exercised	8,925	65,135
Shares repurchased and cancelled	(2,013,275)	(918,588)
Dividends paid	(1,568,464)	(534,282)
Net cash provided by financing activities	7,460,081	17,885,383
Net (decrease) increase in cash and cash equivalents	(2,234,018)	2,284,859
Cash and cash equivalents:
Beginning of period	8,430,458	3,755,817
End of period	6,196,440	6,040,676
Supplemental Disclosures of Cash Flow Information
Income taxes paid, net of refunds received	88,000	359,077
Supplemental Schedule of Noncash Investing and Financing Activities
Real estate acquired through or in lieu of foreclosure	196,000	109,000
Other assets acquired in settlement of loans	202,840	81,400
Interest Paid to Depositors [Member]
Supplemental Disclosures of Cash Flow Information
Interest paid	1,273,338	725,787
Interest Paid on Borrowings [Member]
Supplemental Disclosures of Cash Flow Information
Interest paid	$ 141,792	$ 96,545

Note 1 - Nature of Business

Note 1 - Nature of Business	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Nature of Operations [Text Block]	NOTE 1 Ottawa Bancorp, Inc. (the “Company”) is a Maryland corporation that was incorporated in May 2016 second two second second On December 31, 2014, The primary business of the Company is the ownership of the Bank. Through the Bank, the Company is engaged in providing a variety of financial services to individual and corporate customers in the Ottawa, Marseilles, and Morris, Illinois areas, which are primarily agricultural areas consisting of several rural communities with small to medium sized businesses. The Bank’s primary source of revenue is interest and fees related to single-family residential loans to middle-income individuals.

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Basis of Accounting [Text Block]	NOTE 2 The consolidated financial statements presented in this quarterly report include the accounts of the Company and the Bank. The consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and predominant practices followed by the financial services industry and are unaudited. In the opinion of the Company’s management, all adjustments, consisting of normal recurring adjustments, which the Company considers necessary to fairly state the Company’s financial position and the results of operations and cash flows have been recorded. The interim financial statements should be read in conjunction with the audited financial statements and accompanying notes of the Company for the year ended December 31, 2018, 10 December 31, 2018 March 28, 2019. not Some items in the prior year financial statements were reclassified to conform to the current presentation with no

Note 3 - Use of Estimates

Note 3 - Use of Estimates	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Use of Estimates [Text Block]	NOTE 3 The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect amounts reported in the consolidated financial statements. Changes in these estimates and assumptions are considered reasonably possible and may At June 30, 2019, no 10 March 28, 2019.

Note 4 - Critical Accounting Po

Note 4 - Critical Accounting Policies	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 4 We consider accounting policies involving significant judgments and assumptions by management that have, or could have, a material impact on the carrying value of certain assets or on income to be critical accounting policies. We consider the allowance for loan losses to be our critical accounting policy. Allowance for Loan Losses . The allowance for loan losses is an amount necessary to absorb known or inherent losses that are both probable and reasonably estimable and is established through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect each borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and non-residential loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent.

Note 5 - Earnings Per Share

Note 5 - Earnings Per Share	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 5 – EARNINGS PER SHARE Basic earnings per share is based on net income divided by the weighted average number of shares outstanding during the period, including allocated and committed-to-be-released employee stock ownership plan shares. Diluted earnings per share show the dilutive effect, if any, of additional common shares issuable under stock options and awards. Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Net income available to common stockholders $ 434,612 $ 355,873 $ 834,683 $ 835,455 Basic potential common shares: Weighted average shares outstanding 3,293,642 3,406,908 3,319,914 3,417,955 Weighted average unvested MRP shares (1,522 ) - (2,291 ) - Weighted average unallocated ESOP shares (152,380 ) (171,107 ) (154,701 ) (173,454 ) Basic weighted average shares outstanding 3,139,740 3,235,801 3,162,922 3,244,501 Dilutive potential common shares: Weighted average unrecognized compensation on MRP shares 41 - 72 - Weighted average RRP options outstanding 5,500 8,628 5,521 8,654 Dilutive weighted average shares outstanding 3,145,281 3,244,429 3,168,515 3,253,155 Basic earnings per share $ 0.14 $ 0.11 $ 0.26 $ 0.26 Diluted earnings per share $ 0.14 $ 0.11 $ 0.26 $ 0.26

Note 6 - Employee Stock Ownersh

Note 6 - Employee Stock Ownership Plan	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	NOTE 6 – EMPLOYEE STOCK OWNERSHIP PLAN On May 6, 2005, July 8, 2005, $763,140 76,314 $10.00 October 11, 2016, $1,907,160 190,716 second $10.00 Shares purchased by the ESOP with the loan proceeds are held in a suspense account and are allocated to ESOP participants on a pro rata basis as principal and interest payments are made by the ESOP to the Company. The loan is secured by shares purchased with the loan proceeds and will be repaid by the ESOP with funds from the Company’s discretionary contributions to the ESOP and earnings on the ESOP assets. Annual principal and interest payments of approximately $239,000 As shares are released from collateral, the Company will report compensation expense equal to the current market price of the shares, and the shares will become outstanding for earnings-per-share (“EPS”) computations. Dividends on allocated ESOP shares reduce retained earnings, and dividends on unallocated ESOP shares reduce accrued interest. A terminated participant or the beneficiary of a deceased participant who received a distribution of employer stock from the ESOP has the right to require the Company to purchase such shares at their fair market value any time within 60 not 60 The following table reflects the status of the shares held by the ESOP: June 30, December 31, 2019 2018 Shares allocated 132,441 123,051 Shares withdrawn from the plan (28,365 ) (28,278 ) Unallocated shares 149,250 158,639 Total ESOP shares 253,326 253,412 Fair value of unallocated shares $ 1,973,079 $ 2,114,657

Note 7 - Investment Securities

Note 7 - Investment Securities	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE 7 – INVESTMENT SECURITIES The amortized cost and fair values of securities, with gross unrealized gains and losses, follows: Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value June 30, 201 9 : Securities Available for Sale State and municipal securities $ 13,590,751 $ 319,465 $ 44 $ 13,910,172 Residential mortgage-backed securities 10,902,080 158,575 44,346 $ 11,016,309 $ 24,492,831 $ 478,040 $ 44,390 $ 24,926,481 December 31, 2018: Securities Available for Sale State and municipal securities $ 13,092,077 $ 116,127 $ 21,416 $ 13,186,788 Residential mortgage-backed securities 12,485,167 59,282 197,470 12,346,979 $ 25,577,244 $ 175,409 $ 218,886 $ 25,533,767 The amortized cost and fair value at June 30, 2019, may may not Securities Available for Sale Amortized Fair Cost Value Due in three months or less $ - $ - Due after three months through one year 669,594 673,452 Due after one year through five years 5,381,432 5,484,945 Due after five years through ten years 3,992,738 4,109,281 Due after ten years 3,546,987 3,642,494 Residential mortgage-backed securities 10,902,080 11,016,309 $ 24,492,831 $ 24,926,481 The following table reflects securities with gross unrealized losses for less than 12 12 June 30, 2019 December 31, 2018: Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses June 30 , 201 9 Securities Available for Sale State and municipal securities $ - $ - $ 101,531 $ 44 $ 101,531 $ 44 Residential mortgage-backed securities 196,063 2,463 4,324,190 41,883 4,520,253 44,346 $ 196,063 $ 2,463 $ 4,425,721 $ 41,927 $ 4,621,784 $ 44,390 December 31, 2018 Securities Available for Sale State and municipal securities $ 1,831,305 $ 9,610 $ 1,345,990 $ 11,806 $ 3,177,295 $ 21,416 Residential mortgage-backed securities 2,865,546 25,266 6,034,053 172,204 8,899,599 197,470 $ 4,696,851 $ 34,876 $ 7,380,043 $ 184,010 $ 12,076,894 $ 218,886 Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to ( 1 2 3 not not At June 30, 2019, 19 0.95% not June 30, 2019 ● Decline in value is attributable to interest rates. ● The value did not ● The Company does not ● The Company has adequate liquidity such that it will not not may There were no three six June 30, 2019 June 30, 2018.

Note 8 - Loans and Allowance fo

Note 8 - Loans and Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 8 OANS AND ALLOWANCE FOR CREDIT LOSSES The components of loans, net of deferred loan costs (fees), are as follows: June 30, December 31, 2019 2018 Mortgage loans: One-to-four family residential loans $ 151,433,604 $ 141,779,340 Multi-family residential loans 6,410,915 6,776,424 Total mortgage loans 157,844,519 148,555,764 Other loans: Non-residential real estate loans 28,875,562 35,286,236 Commercial loans 24,182,769 17,241,698 Consumer direct 18,723,751 15,390,263 Purchased auto 18,132,980 22,080,196 Total other loans 89,915,062 89,998,393 Gross loans 247,759,581 238,554,157 Less: Allowance for loan losses (2,647,805 ) (2,627,738 ) Loans, net $ 245,111,776 $ 235,926,419 Purchases of loans receivable, segregated by class of loans, for the periods indicated were as follows: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Purchased auto loans $ - $ 4,668,207 $ - $ 8,703,071 Net (charge-offs) / recoveries, segregated by class of loans, for the periods indicated were as follows: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 One-to-four family $ (42,947 ) $ (206,668 ) $ (152,822 ) $ (208,951 ) Multi-family 3,972 3,971 7,943 7,943 Consumer direct (35,894 ) 2,091 (35,542 ) 3,818 Purchased auto (75,691 ) (10,941 ) (99,512 ) (41,770 ) Net charge-offs $ (150,560 ) $ (211,547 ) $ (279,933 ) $ (238,960 ) The following table presents the activity in the allowance for loan losses by portfolio segment for the three June 30, 2019 2018: One-to- four Multi- Non- Consumer Purchased June 30 , 201 9 family family residential Commercial direct auto Total Balance at beginning of period $ 1,723,465 $ 26,698 $ 317,854 $ 145,657 $ 125,285 $ 289,406 $ 2,628,365 Provision charged to income 74,529 (5,590 ) (49,267 ) 43,556 50,268 56,504 170,000 Loans charged off (48,760 ) - - - (36,423 ) (79,230 ) (164,413 ) Recoveries of loans previously charged off 5,813 3,972 - - 529 3,539 13,853 Balance at end of period $ 1,755,047 $ 25,080 $ 268,587 $ 189,213 $ 139,659 $ 270,219 $ 2,647,805 One-to- four Multi- Non- Consumer Purchased June 30, 2018 family family Residential Commercial Direct Auto Total Balance at beginning of period $ 1,589,323 $ 25,126 $ 372,280 $ 153,075 $ 97,585 $ 333,144 $ 2,570,533 Provision charged to income 260,934 (4,461 ) (45,346 ) (19,263 ) (41,864 ) 37,000 187,000 Loans charged off (210,486 ) - - - - (15,292 ) (225,778 ) Recoveries of loans previously charged off 3,818 3,971 - - 2,091 4,351 14,231 Balance at end of period $ 1,643,589 $ 24,636 $ 326,934 $ 133,812 $ 57,812 $ 359,203 $ 2,545,986 The following table presents the activity in the allowance for loan losses by portfolio segment for the six June 30, 2019 2018: One-to- four Multi- Non- Consumer Purchased June 30 , 2019 family family residential Commercial direct auto Total Balance at beginning of period $ 1,761,736 $ 26,562 $ 343,663 $ 135,165 $ 82,947 $ 277,665 $ 2,627,738 Provision charged to income 146,133 (9,425 ) (75,076 ) 54,048 92,254 92,066 300,000 Loans charged off (284,980 ) - - - (36,423 ) (113,750 ) (435,153 ) Recoveries of loans previously charged off 132,158 7,943 - - 881 14,238 155,220 Balance at end of period $ 1,755,047 $ 25,080 $ 268,587 $ 189,213 $ 139,659 $ 270,219 $ 2,647,805 One-to- four Multi- Non- Consumer Purchased June 30, 2018 family family Residential Commercial Direct Auto Total Balance at beginning of period $ 1,477,419 $ 21,970 $ 371,093 $ 153,596 $ 140,269 $ 308,099 $ 2,472,446 Provision charged to income 375,121 (5,277 ) (44,159 ) (19,784 ) (86,275 ) 92,874 312,500 Loans charged off (217,210 ) - - - - (51,486 ) (268,696 ) Recoveries of loans previously charged off 8,259 7,943 - - 3,818 9,716 29,736 Balance at end of period $ 1,643,589 $ 24,636 $ 326,934 $ 133,812 $ 57,812 $ 359,203 $ 2,545,986 The following table presents the recorded investment in loans and the related allowances allocated by portfolio segment and based on impairment method as of June 30, 2019 December 31, 2018: One-to- four Multi- Non- Consumer Purchased June 30, 201 9 family family residential Commercial direct auto Total Loans individually evaluated for Impairment $ 1,345,264 $ - $ 426,548 $ - $ - $ - $ 1,771,812 Loans acquired with deteriorated credit quality 81,477 - - - - - 81,477 Loans collectively evaluated for Impairment 150,006,863 6,410,915 28,449,014 24,182,769 18,723,751 18,132,980 245,906,292 Balance at end of period $ 151,433,604 $ 6,410,915 $ 28,875,562 $ 24,182,769 $ 18,723,751 $ 18,132,980 $ 247,759,581 Period-end amount allocated to: Loans individually evaluated for Impairment $ 33,627 $ - $ 22,939 $ - $ - $ - $ 56,566 Loans acquired with deteriorated credit quality 4,036 - - - - - 4,036 Loans collectively evaluated for Impairment 1,717,384 25,080 245,648 189,213 139,659 270,219 2,587,203 Balance at end of period $ 1,755,047 $ 25,080 $ 268,587 $ 189,213 $ 139,659 $ 270,219 $ 2,647,805 One-to- four Multi- Non- Consumer Purchased December 31, 2018 family family residential Commercial direct auto Total Loans individually evaluated for Impairment $ 955,317 $ - $ 455,196 $ - $ - $ - $ 1,410,513 Loans acquired with deteriorated credit quality 93,427 - - - - - 93,427 Loans collectively evaluated for Impairment 140,730,596 6,776,424 34,831,040 17,241,698 15,390,263 22,080,196 237,050,217 Balance at end of period $ 141,779,340 $ 6,776,424 $ 35,286,236 $ 17,241,698 $ 15,390,263 $ 22,080,196 $ 238,554,157 Period-end amount allocated to: Loans individually evaluated for Impairment $ 160,822 $ - $ 38,674 $ - $ - $ - $ 199,496 Loans acquired with deteriorated credit quality 17,817 - - - - - 17,817 Loans collectively evaluated for impairment 1,583,097 26,562 304,989 135,165 82,947 277,665 2,410,425 Balance at end of period $ 1,761,736 $ 26,562 $ 343,663 $ 135,165 $ 82,947 $ 277,665 $ 2,627,738 The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may The following table presents loans individually evaluated for impairment, by class of loans, as of June 30, 2019 December 31, 2018: June 30 , 201 9 Unpaid Contractual Principal Balance Recorded Investment with No Allowance Recorded Investment with Allowance Total Recorded Investment Related Allowance Average Recorded Investment One-to-four family $ 1,426,741 $ 1,231,397 $ 195,344 $ 1,426,741 $ 37,663 $ 1,006,780 Multi-family - - - - - - Non-residential 426,548 10,341 416,207 426,548 22,939 440,864 Commercial - - - - - - Consumer direct - - - - - - Purchased auto - - - - - - $ 1,853,289 $ 1,241,738 $ 611,551 $ 1,853,289 $ 60,602 $ 1,447,644 December 31, 2018 Unpaid Contractual Principal Balance Recorded Investment with No Allowance Recorded Investment with Allowance Total Recorded Investment Related Allowance Average Recorded Investment One-to-four family $ 1,048,744 $ 427,825 $ 620,919 $ 1,048,744 $ 178,639 $ 1,074,284 Multi-family - - - - - - Non-residential 455,196 141,804 313,392 455,196 38,674 366,226 Commercial - - - - - 1,282 Consumer direct - - - - - - Purchased auto - - - - - 5,708 $ 1,503,940 $ 569,629 $ 934,311 $ 1,503,940 $ 217,313 $ 1,447,500 For the three six June 30, 2019, no three six June 30, 2018, no At June 30, 2019 24 $1.9 21 $1.5 December 31, 2018. one $277,000 three $117,000, one $40,000 $67,000, seven $884,000 Our loan portfolio also includes certain loans that have been modified in a troubled debt restructuring (“TDR”), where economic concessions have been granted to borrowers who have experienced financial difficulties. These concessions typically result from our loss mitigation activities and could include reductions in the interest rate, payment extensions, forbearance or other actions. TDRs are classified as non-performing at the time of restructuring and typically are returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period of at least six When we modify loans in a TDR, we evaluate any possible impairment similar to other impaired loans based on the present value of expected future cash flows, discounted at the contractual interest rate of the original loan agreement, or use the current fair value of the collateral, less estimated selling costs, for collateral dependent loans. If we determine that the value of the modified loan is less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs and unamortized premium or discount), impairment is recognized through an allowance estimate or a charge-off to the allowance. In periods subsequent to modification, we evaluate all TDRs, including those that have payment defaults, for possible impairment and recognize impairment through the allowance. Impaired loans at June 30, 2019 $65,000 $70,000 December 31, 2018. $5,000. not, six There were no three six June 30, 2019 2018. There were no twelve June 30, 2019 2018 60 three six June 30, 2019 2018. All TDRs are evaluated for possible impairment and any impairment identified is recognized through the allowance. Additionally, the qualitative factors are updated quarterly for trends in economic and non-performing factors, including collateral securing TDRs. The following table presents the recorded investment in nonaccrual loans and loans past due over 90 June 30, 2019 December 31, 2018: June 30, 201 9 Nonaccrual Loans Past Due Over 90 Days Still Accruing One-to-four family $ 1,426,741 $ - Multi-family - - Non-residential 426,548 - Commercial - - Consumer direct - - Purchased auto - - $ 1,853,289 $ - December 31, 2018 Nonaccrual Loans Past Due Over 90 Days Still Accruing One-to-four family $ 1,048,744 $ - Multi-family - - Non-residential 455,196 - Commercial - - Consumer direct - - Purchased auto - - $ 1,503,940 $ - The following table presents the aging of the recorded investment in loans, by class of loans, as of June 30, 2019 December 31, 2018: June 30 , 201 9 Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans One-to-four family $ 487,914 $ - $ 774,180 $ 1,262,094 $ 150,171,510 $ 151,433,604 Multi-family - - - - 6,410,915 6,410,915 Non-residential 123,336 - - 123,336 28,752,226 28,875,562 Commercial - 10,890 - 10,890 24,171,879 24,182,769 Consumer direct 41,523 - - 41,523 18,682,228 18,723,751 Purchased auto 47,992 2,937 - 50,929 18,082,051 18,132,980 $ 700,765 $ 13,827 $ 774,180 $ 1,488,772 $ 246,270,809 $ 247,759,581 December 31, 2018 Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans One-to-four family $ 1,293,142 $ 549,331 $ 788,127 $ 2,630,600 $ 139,148,740 $ 141,779,340 Multi-family - - - - 6,776,424 6,776,424 Non-residential 1,413,392 129,464 127,464 1,670,320 33,615,916 35,286,236 Commercial 3,989 - - 3,989 17,237,709 17,241,698 Consumer direct 9,044 - - 9,044 15,381,219 15,390,263 Purchased auto 31,671 16,069 - 47,740 22,032,456 22,080,196 $ 2,751,238 $ 694,864 $ 915,591 $ 4,361,693 $ 234,192,464 $ 238,554,157 Credit Quality Indicators: The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. For commercial and non-residential real estate loans, the Company’s credit quality indicator is internally assigned risk ratings. Each commercial and non-residential real estate loan is assigned a risk rating upon origination. The risk rating is reviewed annually, at a minimum, and on an as needed basis depending on the specific circumstances of the loan. For residential real estate loans, multi-family, consumer direct and purchased auto loans, the Company’s credit quality indicator is performance determined by delinquency status. Delinquency status is updated regularly by the Company’s loan system for real estate loans, multi-family and consumer direct loans. The Company receives monthly reports on the delinquency status of the purchased auto loan portfolio from the servicing company. Generally, when residential real estate loans, multi-family and consumer direct loans become over 90 6 12 The Company uses the following definitions for risk ratings: ● Pass – loans classified as pass are of a higher quality and do not ● Special Mention – loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may ● Substandard – loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not ● Doubtful – loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. ● Not not At June 30, 2019 December 31, 2018, June 30 , 201 9 Pass Special Mention Substandard Doubtful Not rated Total Loans One-to-four family $ 31,784,685 $ 63,908 $ 1,426,741 $ - $ 118,158,270 $ 151,433,604 Multi-family - - - - 6,410,915 6,410,915 Non-residential 28,449,014 - 426,548 - - 28,875,562 Commercial 24,182,769 - - - - 24,182,769 Consumer direct - - - - 18,723,751 18,723,751 Purchased auto - - - - 18,132,980 18,132,980 Total $ 84,416,468 $ 63,908 $ 1,853,289 $ - $ 161,425,916 $ 247,759,581 December 31, 2018 Pass Special Mention Substandard Doubtful Not rated Total Loans One-to-four family $ 29,653,633 $ 335,758 $ 1,048,744 $ - $ 110,741,205 $ 141,779,340 Multi-family - - - - 6,776,424 6,776,424 Non-residential 34,831,040 - 455,196 - - 35,286,236 Commercial 17,241,698 - - - - 17,241,698 Consumer direct - - - - 15,390,263 15,390,263 Purchased auto - - - - 22,080,196 22,080,196 Total $ 81,726,371 $ 335,758 $ 1,503,940 $ - $ 154,988,088 $ 238,554,157 At June 30, 2019, $196,000 $0 December 31, 2018. $607,325 $276,815 June 30, 2019 December 31, 2018,

Note 9 - Stock Compensation

Note 9 - Stock Compensation	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Shareholders' Equity and Share-based Payments [Text Block]	NOTE 9 – STOCK COMPENSATION Total stock-based compensation expense was $5,381 $0 six June 30, 2019 2018, 718, Compensation-Stock Compensation , three six June 30, 2019 2018, not

Note 10 - Recent Accounting Dev

Note 10 - Recent Accounting Developments	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 1 0 – RECENT ACCOUNTING DEVELOPMENTS In May 2014, No. 2014 09, Revenue from Contracts with Customers (Topic 606 ) 2014 09 2014 09 not January 1, 2018 not The standard allowed the use of either the full retrospective or modified retrospective transition method. We elected to apply the modified retrospective transition method to incomplete contracts as of the initial date of application on January 1, 2018. not not not Descriptions of our significant revenue-generating transactions that are within the scope of the new revenue recognition standards, which are presented in the consolidated statements of income as components of non-interest income, are as follows: ● Service charges on deposit accounts. ● Gains/losses on sale of foreclosed real estate and repossessed assets. ● Other. In January 2016, 2016 01, Financial Instruments—Overall (Subtopic 825 10 2016 01 January 1, 2018. not no In February 2016, 2016 02, Leases (Topic 842 1 2 606, no 2016 02 December 15, 2018, not may not January 1, 2019 not In June 2016, 2016 13, Financial Instruments – Credit Losses (Topic 326 2016 13 2016 13 2016 13 December 15, 2019, December 31, 2018, July 17, 2019, December 12, 2022 2016 13, In January 2017, No. 2017 04, Intangibles – Goodwill and Other (Topic 350 2 December 15, 2019, January 1, 2017. not In March 2017, 2017 08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310 20 2017 08 December 15, 2018, not

Note 11 - Borrowings

Note 11 - Borrowings	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 11 – BORROWINGS A summary of outstanding advances from the Federal Home Loan Bank of Chicago is as follows: June 30, December 31, 201 9 201 8 Matured 03/15/2019 at 2.42%, fixed $ - $ 1,500,000 Matured 04/01/2019 at 2.00%, fixed - 499,272 Matures 07/11/2019 at 2.43%, fixed 2,500,000 - Matures 07/22/2019 at 2.43%, fixed 1,000,000 - Matures 07/26/2019 at 2.45%, fixed 2,500,000 - Matures 08/12/2019 at 2.43%, fixed 1,500,000 - Matures 08/30/2019 at 1.56%, fixed 3,000,000 3,000,000 Matures 12/16/2019 at 2.08%, fixed 2,000,000 2,000,000 Matures 03/22/2021 at 3.03%, fixed 1,000,000 1,000,000 Matures 09/21/2021 at 3.07%, fixed 1,000,000 1,000,000 Matures 03/21/2022 at 3.09%, fixed 1,000,000 1,000,000 Matures 09/21/2022 at 3.11%, fixed 1,000,000 1,000,000 Matures 10/03/2022 at 1.48%, fixed 77,635 87,880 Matures 03/21/2023 at 3.15%, fixed 500,000 500,000 Matures 09/21/2023 at 3.18%, fixed 500,000 500,000 $ 17,577,635 $ 12,087,152

Note 12 - Fair Value Measuremen

Note 12 - Fair Value Measurement and Disclosure	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]	NOTE 1 2 – FAIR VALUE MEASUREMENT AND DISCLOSURE FASB ASC Topic 820, not 1 3 three 820 Basis of Fair Value Measurement: • Level 1 • Level 2 1 not • Level 3 no Following is a description of valuation methodologies used for assets and liabilities recorded at fair value: Securities Available for Sale Securities classified as available for sale are recorded at fair value on a recurring basis using pricing obtained from an independent pricing service. Where quoted market prices are available in an active market, securities are classified within Level 1. no 1. not may 2. 2 1 2 not 3. no 3. Foreclosed Assets Foreclosed assets, consisting of foreclosed real estate and repossessed assets, are adjusted to fair value less estimated costs to sell upon transfer of the loans to foreclosed assets. Subsequently, foreclosed assets are carried at the lower of cost or fair value. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the foreclosed asset as non-recurring Level 2. not no 3. Impaired Loans Impaired loans are evaluated and adjusted to the lower of carrying value or fair value less estimated costs to sell at the time the loan is identified as impaired. Impaired loans are carried at the lower of cost or fair value. Fair value is measured based on the value of the collateral securing these loans. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the impaired loan as non-recurring Level 2. not no 3. The Company did not 1 2 six June 30, 2019 December 31, 2018. The tables below present the recorded amounts of assets measured at fair value on a recurring basis at June 30, 2019 December 31, 2018. Total June 30 , 201 9 Level 1 Level 2 Level 3 Fair Value State and municipal securities available for sale $ - $ 13,910,172 $ - $ 13,910,172 Residential mortgage-backed securities available for sale - 11,016,282 - 11,016,309 $ - $ 24,926,481 $ - $ 24,926,481 Total December 31, 2018 Level 1 Level 2 Level 3 Fair Value State and municipal securities available for sale $ - $ 13,186,788 $ - $ 13,186,788 Residential mortgage-backed securities available for sale - 12,346,979 - 12,346,979 $ - $ 25,533,767 $ - $ 25,533,767 The tables below present the recorded amounts of assets measured at fair value on a non-recurring basis at June 30, 2019 December 31, 2018. Total June 30, 201 9 Level 1 Level 2 Level 3 Fair Value Foreclosed assets $ - $ - $ 271,366 $ 271,366 Impaired loans, net - - 550,949 550,949 Total December 31, 2018 Level 1 Level 2 Level 3 Fair Value Foreclosed assets $ - $ - $ 78,926 $ 78,926 Impaired loans, net - - 716,998 716,998 The following tables present additional quantitative information about assets measured at fair value on a non-recurring basis for which the Company has utilized Level 3 Quantitative Information about Level 3 Fair Value Measurements Fair Value Valuation Unobservable Estimate Techniques Input Range June 30, 2019 Foreclosed assets $ 271,366 Appraisal of collateral Appraisal adjustments -34% to -64% Impaired loans, net $ 547,437 Appraisal of collateral Appraisal adjustments -47% to -71% Impaired loans, net $ 3,512 Discounted Future Cash Flows Payment Stream N/A Discount Rate 10% December 31, 2018 Foreclosed assets $ 78,926 Appraisal of collateral Appraisal adjustments -36% to 49% Impaired loans, net $ 662,799 Appraisal of collateral Appraisal adjustments -44% to 69% Impaired loans, net $ 54,199 Discounted Future Cash Flows Payment Stream N/A Discount Rate 10% In accordance with accounting pronouncements, the carrying value and estimated fair value of the Company’s financial instruments as of June 30, 2019 December 31, 2018, Fair Value Measurements at Carrying June 30, 2019 using: Amount Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 6,196,440 $ 6,196,440 $ - $ - $ 6,196,440 Time deposits 250,000 250,000 - - 250,000 Federal funds sold 8,118,000 8,118,000 - - 8,118,000 Securities 24,926,481 - 24,926,481 - 24,926,481 Net loans 245,111,776 - - 243,887,260 243,887,260 Loans held for sale 121,125 - 121,125 - 121,125 Accrued interest receivable 846,113 846,113 - - 846,113 Mortgage servicing rights 437,061 - - 437,061 437,061 Financial Liabilities: Non-interest bearing deposits 18,034,007 18,034,007 - - 18,034,007 Interest bearing deposits 210,959,119 - - 211,681,793 211,681,793 Accrued interest payable 12,199 12,199 - - 12,199 FHLB advances 17,577,635 - 17,760,249 - 17,760,249 Carrying December 31, 2018 using: Amount Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 8,430,458 $ 8,430,458 $ - $ - $ 8,430,458 Time deposits 250,000 250,000 - - 250,000 Federal funds sold 5,663,000 5,663,000 - - 5,663,000 Securities 25,533,767 - 25,533,767 - 25,533,767 Net loans 235,926,419 - - 232,996,807 232,996,807 Accrued interest receivable 824,542 824,542 - - 824,542 Mortgage servicing rights 446,375 - - 446,375 446,375 Financial Liabilities: Non-interest bearing deposits 14,057,719 14,057,719 - - 14,057,719 Interest bearing deposits 209,390,810 - - 209,576,569 209,576,569 Accrued interest payable 5,648 5,648 - - 5,648 FHLB advances 12,087,152 - 12,136,836 - 12,136,386 The following methods and assumptions were used by the Bank in estimating the fair value of financial instruments: Cash and c ash e quivalents : Time deposits : Federal f unds s old : Securities: Loans: no 2019, not Loans held for sale : three Accrued i nterest r eceivable and p ayable : Mortgage s ervicing r ights : Deposits: FHLB a dvances : Loan c ommitments : not June 30, 2019 December 31, 2018, In addition, other assets and liabilities of the Bank that are not not not may not

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for Loan Losses may A loan is considered impaired when, based on current information and events, it is probable that the Company 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

Note 5 - Earnings Per Share (Ta

Note 5 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Net income available to common stockholders $ 434,612 $ 355,873 $ 834,683 $ 835,455 Basic potential common shares: Weighted average shares outstanding 3,293,642 3,406,908 3,319,914 3,417,955 Weighted average unvested MRP shares (1,522 ) - (2,291 ) - Weighted average unallocated ESOP shares (152,380 ) (171,107 ) (154,701 ) (173,454 ) Basic weighted average shares outstanding 3,139,740 3,235,801 3,162,922 3,244,501 Dilutive potential common shares: Weighted average unrecognized compensation on MRP shares 41 - 72 - Weighted average RRP options outstanding 5,500 8,628 5,521 8,654 Dilutive weighted average shares outstanding 3,145,281 3,244,429 3,168,515 3,253,155 Basic earnings per share $ 0.14 $ 0.11 $ 0.26 $ 0.26 Diluted earnings per share $ 0.14 $ 0.11 $ 0.26 $ 0.26

Note 6 - Employee Stock Owner_2

Note 6 - Employee Stock Ownership Plan (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]	June 30, December 31, 2019 2018 Shares allocated 132,441 123,051 Shares withdrawn from the plan (28,365 ) (28,278 ) Unallocated shares 149,250 158,639 Total ESOP shares 253,326 253,412 Fair value of unallocated shares $ 1,973,079 $ 2,114,657

Note 7 - Investment Securities

Note 7 - Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Summary of Investment Holdings, Schedule of Investments [Table Text Block]	Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value June 30, 201 9 : Securities Available for Sale State and municipal securities $ 13,590,751 $ 319,465 $ 44 $ 13,910,172 Residential mortgage-backed securities 10,902,080 158,575 44,346 $ 11,016,309 $ 24,492,831 $ 478,040 $ 44,390 $ 24,926,481 December 31, 2018: Securities Available for Sale State and municipal securities $ 13,092,077 $ 116,127 $ 21,416 $ 13,186,788 Residential mortgage-backed securities 12,485,167 59,282 197,470 12,346,979 $ 25,577,244 $ 175,409 $ 218,886 $ 25,533,767
Investments Classified by Contractual Maturity Date [Table Text Block]	Securities Available for Sale Amortized Fair Cost Value Due in three months or less $ - $ - Due after three months through one year 669,594 673,452 Due after one year through five years 5,381,432 5,484,945 Due after five years through ten years 3,992,738 4,109,281 Due after ten years 3,546,987 3,642,494 Residential mortgage-backed securities 10,902,080 11,016,309 $ 24,492,831 $ 24,926,481
Schedule of Unrealized Loss on Investments [Table Text Block]	Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses June 30 , 201 9 Securities Available for Sale State and municipal securities $ - $ - $ 101,531 $ 44 $ 101,531 $ 44 Residential mortgage-backed securities 196,063 2,463 4,324,190 41,883 4,520,253 44,346 $ 196,063 $ 2,463 $ 4,425,721 $ 41,927 $ 4,621,784 $ 44,390 December 31, 2018 Securities Available for Sale State and municipal securities $ 1,831,305 $ 9,610 $ 1,345,990 $ 11,806 $ 3,177,295 $ 21,416 Residential mortgage-backed securities 2,865,546 25,266 6,034,053 172,204 8,899,599 197,470 $ 4,696,851 $ 34,876 $ 7,380,043 $ 184,010 $ 12,076,894 $ 218,886

Note 8 - Loans and Allowance _2

Note 8 - Loans and Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	June 30, December 31, 2019 2018 Mortgage loans: One-to-four family residential loans $ 151,433,604 $ 141,779,340 Multi-family residential loans 6,410,915 6,776,424 Total mortgage loans 157,844,519 148,555,764 Other loans: Non-residential real estate loans 28,875,562 35,286,236 Commercial loans 24,182,769 17,241,698 Consumer direct 18,723,751 15,390,263 Purchased auto 18,132,980 22,080,196 Total other loans 89,915,062 89,998,393 Gross loans 247,759,581 238,554,157 Less: Allowance for loan losses (2,647,805 ) (2,627,738 ) Loans, net $ 245,111,776 $ 235,926,419
Schedule Of Loans Purchased [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Purchased auto loans $ - $ 4,668,207 $ - $ 8,703,071
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 One-to-four family $ (42,947 ) $ (206,668 ) $ (152,822 ) $ (208,951 ) Multi-family 3,972 3,971 7,943 7,943 Consumer direct (35,894 ) 2,091 (35,542 ) 3,818 Purchased auto (75,691 ) (10,941 ) (99,512 ) (41,770 ) Net charge-offs $ (150,560 ) $ (211,547 ) $ (279,933 ) $ (238,960 )
Financing Receivable, Allowance for Credit Loss [Table Text Block]	One-to- four Multi- Non- Consumer Purchased June 30 , 201 9 family family residential Commercial direct auto Total Balance at beginning of period $ 1,723,465 $ 26,698 $ 317,854 $ 145,657 $ 125,285 $ 289,406 $ 2,628,365 Provision charged to income 74,529 (5,590 ) (49,267 ) 43,556 50,268 56,504 170,000 Loans charged off (48,760 ) - - - (36,423 ) (79,230 ) (164,413 ) Recoveries of loans previously charged off 5,813 3,972 - - 529 3,539 13,853 Balance at end of period $ 1,755,047 $ 25,080 $ 268,587 $ 189,213 $ 139,659 $ 270,219 $ 2,647,805 One-to- four Multi- Non- Consumer Purchased June 30, 2018 family family Residential Commercial Direct Auto Total Balance at beginning of period $ 1,589,323 $ 25,126 $ 372,280 $ 153,075 $ 97,585 $ 333,144 $ 2,570,533 Provision charged to income 260,934 (4,461 ) (45,346 ) (19,263 ) (41,864 ) 37,000 187,000 Loans charged off (210,486 ) - - - - (15,292 ) (225,778 ) Recoveries of loans previously charged off 3,818 3,971 - - 2,091 4,351 14,231 Balance at end of period $ 1,643,589 $ 24,636 $ 326,934 $ 133,812 $ 57,812 $ 359,203 $ 2,545,986 One-to- four Multi- Non- Consumer Purchased June 30 , 2019 family family residential Commercial direct auto Total Balance at beginning of period $ 1,761,736 $ 26,562 $ 343,663 $ 135,165 $ 82,947 $ 277,665 $ 2,627,738 Provision charged to income 146,133 (9,425 ) (75,076 ) 54,048 92,254 92,066 300,000 Loans charged off (284,980 ) - - - (36,423 ) (113,750 ) (435,153 ) Recoveries of loans previously charged off 132,158 7,943 - - 881 14,238 155,220 Balance at end of period $ 1,755,047 $ 25,080 $ 268,587 $ 189,213 $ 139,659 $ 270,219 $ 2,647,805 One-to- four Multi- Non- Consumer Purchased June 30, 2018 family family Residential Commercial Direct Auto Total Balance at beginning of period $ 1,477,419 $ 21,970 $ 371,093 $ 153,596 $ 140,269 $ 308,099 $ 2,472,446 Provision charged to income 375,121 (5,277 ) (44,159 ) (19,784 ) (86,275 ) 92,874 312,500 Loans charged off (217,210 ) - - - - (51,486 ) (268,696 ) Recoveries of loans previously charged off 8,259 7,943 - - 3,818 9,716 29,736 Balance at end of period $ 1,643,589 $ 24,636 $ 326,934 $ 133,812 $ 57,812 $ 359,203 $ 2,545,986 One-to- four Multi- Non- Consumer Purchased June 30, 201 9 family family residential Commercial direct auto Total Loans individually evaluated for Impairment $ 1,345,264 $ - $ 426,548 $ - $ - $ - $ 1,771,812 Loans acquired with deteriorated credit quality 81,477 - - - - - 81,477 Loans collectively evaluated for Impairment 150,006,863 6,410,915 28,449,014 24,182,769 18,723,751 18,132,980 245,906,292 Balance at end of period $ 151,433,604 $ 6,410,915 $ 28,875,562 $ 24,182,769 $ 18,723,751 $ 18,132,980 $ 247,759,581 Period-end amount allocated to: Loans individually evaluated for Impairment $ 33,627 $ - $ 22,939 $ - $ - $ - $ 56,566 Loans acquired with deteriorated credit quality 4,036 - - - - - 4,036 Loans collectively evaluated for Impairment 1,717,384 25,080 245,648 189,213 139,659 270,219 2,587,203 Balance at end of period $ 1,755,047 $ 25,080 $ 268,587 $ 189,213 $ 139,659 $ 270,219 $ 2,647,805 One-to- four Multi- Non- Consumer Purchased December 31, 2018 family family residential Commercial direct auto Total Loans individually evaluated for Impairment $ 955,317 $ - $ 455,196 $ - $ - $ - $ 1,410,513 Loans acquired with deteriorated credit quality 93,427 - - - - - 93,427 Loans collectively evaluated for Impairment 140,730,596 6,776,424 34,831,040 17,241,698 15,390,263 22,080,196 237,050,217 Balance at end of period $ 141,779,340 $ 6,776,424 $ 35,286,236 $ 17,241,698 $ 15,390,263 $ 22,080,196 $ 238,554,157 Period-end amount allocated to: Loans individually evaluated for Impairment $ 160,822 $ - $ 38,674 $ - $ - $ - $ 199,496 Loans acquired with deteriorated credit quality 17,817 - - - - - 17,817 Loans collectively evaluated for impairment 1,583,097 26,562 304,989 135,165 82,947 277,665 2,410,425 Balance at end of period $ 1,761,736 $ 26,562 $ 343,663 $ 135,165 $ 82,947 $ 277,665 $ 2,627,738
Impaired Financing Receivables [Table Text Block]	June 30 , 201 9 Unpaid Contractual Principal Balance Recorded Investment with No Allowance Recorded Investment with Allowance Total Recorded Investment Related Allowance Average Recorded Investment One-to-four family $ 1,426,741 $ 1,231,397 $ 195,344 $ 1,426,741 $ 37,663 $ 1,006,780 Multi-family - - - - - - Non-residential 426,548 10,341 416,207 426,548 22,939 440,864 Commercial - - - - - - Consumer direct - - - - - - Purchased auto - - - - - - $ 1,853,289 $ 1,241,738 $ 611,551 $ 1,853,289 $ 60,602 $ 1,447,644 December 31, 2018 Unpaid Contractual Principal Balance Recorded Investment with No Allowance Recorded Investment with Allowance Total Recorded Investment Related Allowance Average Recorded Investment One-to-four family $ 1,048,744 $ 427,825 $ 620,919 $ 1,048,744 $ 178,639 $ 1,074,284 Multi-family - - - - - - Non-residential 455,196 141,804 313,392 455,196 38,674 366,226 Commercial - - - - - 1,282 Consumer direct - - - - - - Purchased auto - - - - - 5,708 $ 1,503,940 $ 569,629 $ 934,311 $ 1,503,940 $ 217,313 $ 1,447,500
Financing Receivable, Nonaccrual [Table Text Block]	June 30, 201 9 Nonaccrual Loans Past Due Over 90 Days Still Accruing One-to-four family $ 1,426,741 $ - Multi-family - - Non-residential 426,548 - Commercial - - Consumer direct - - Purchased auto - - $ 1,853,289 $ - December 31, 2018 Nonaccrual Loans Past Due Over 90 Days Still Accruing One-to-four family $ 1,048,744 $ - Multi-family - - Non-residential 455,196 - Commercial - - Consumer direct - - Purchased auto - - $ 1,503,940 $ -
Financing Receivable, Past Due [Table Text Block]	June 30 , 201 9 Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans One-to-four family $ 487,914 $ - $ 774,180 $ 1,262,094 $ 150,171,510 $ 151,433,604 Multi-family - - - - 6,410,915 6,410,915 Non-residential 123,336 - - 123,336 28,752,226 28,875,562 Commercial - 10,890 - 10,890 24,171,879 24,182,769 Consumer direct 41,523 - - 41,523 18,682,228 18,723,751 Purchased auto 47,992 2,937 - 50,929 18,082,051 18,132,980 $ 700,765 $ 13,827 $ 774,180 $ 1,488,772 $ 246,270,809 $ 247,759,581 December 31, 2018 Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans One-to-four family $ 1,293,142 $ 549,331 $ 788,127 $ 2,630,600 $ 139,148,740 $ 141,779,340 Multi-family - - - - 6,776,424 6,776,424 Non-residential 1,413,392 129,464 127,464 1,670,320 33,615,916 35,286,236 Commercial 3,989 - - 3,989 17,237,709 17,241,698 Consumer direct 9,044 - - 9,044 15,381,219 15,390,263 Purchased auto 31,671 16,069 - 47,740 22,032,456 22,080,196 $ 2,751,238 $ 694,864 $ 915,591 $ 4,361,693 $ 234,192,464 $ 238,554,157
Financing Receivable Credit Quality Indicators [Table Text Block]	June 30 , 201 9 Pass Special Mention Substandard Doubtful Not rated Total Loans One-to-four family $ 31,784,685 $ 63,908 $ 1,426,741 $ - $ 118,158,270 $ 151,433,604 Multi-family - - - - 6,410,915 6,410,915 Non-residential 28,449,014 - 426,548 - - 28,875,562 Commercial 24,182,769 - - - - 24,182,769 Consumer direct - - - - 18,723,751 18,723,751 Purchased auto - - - - 18,132,980 18,132,980 Total $ 84,416,468 $ 63,908 $ 1,853,289 $ - $ 161,425,916 $ 247,759,581 December 31, 2018 Pass Special Mention Substandard Doubtful Not rated Total Loans One-to-four family $ 29,653,633 $ 335,758 $ 1,048,744 $ - $ 110,741,205 $ 141,779,340 Multi-family - - - - 6,776,424 6,776,424 Non-residential 34,831,040 - 455,196 - - 35,286,236 Commercial 17,241,698 - - - - 17,241,698 Consumer direct - - - - 15,390,263 15,390,263 Purchased auto - - - - 22,080,196 22,080,196 Total $ 81,726,371 $ 335,758 $ 1,503,940 $ - $ 154,988,088 $ 238,554,157

Note 11 - Borrowings (Tables)

Note 11 - Borrowings (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Debt [Table Text Block]	June 30, December 31, 201 9 201 8 Matured 03/15/2019 at 2.42%, fixed $ - $ 1,500,000 Matured 04/01/2019 at 2.00%, fixed - 499,272 Matures 07/11/2019 at 2.43%, fixed 2,500,000 - Matures 07/22/2019 at 2.43%, fixed 1,000,000 - Matures 07/26/2019 at 2.45%, fixed 2,500,000 - Matures 08/12/2019 at 2.43%, fixed 1,500,000 - Matures 08/30/2019 at 1.56%, fixed 3,000,000 3,000,000 Matures 12/16/2019 at 2.08%, fixed 2,000,000 2,000,000 Matures 03/22/2021 at 3.03%, fixed 1,000,000 1,000,000 Matures 09/21/2021 at 3.07%, fixed 1,000,000 1,000,000 Matures 03/21/2022 at 3.09%, fixed 1,000,000 1,000,000 Matures 09/21/2022 at 3.11%, fixed 1,000,000 1,000,000 Matures 10/03/2022 at 1.48%, fixed 77,635 87,880 Matures 03/21/2023 at 3.15%, fixed 500,000 500,000 Matures 09/21/2023 at 3.18%, fixed 500,000 500,000 $ 17,577,635 $ 12,087,152

Note 12 - Fair Value Measurem_2

Note 12 - Fair Value Measurement and Disclosure (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Total June 30 , 201 9 Level 1 Level 2 Level 3 Fair Value State and municipal securities available for sale $ - $ 13,910,172 $ - $ 13,910,172 Residential mortgage-backed securities available for sale - 11,016,282 - 11,016,309 $ - $ 24,926,481 $ - $ 24,926,481 Total December 31, 2018 Level 1 Level 2 Level 3 Fair Value State and municipal securities available for sale $ - $ 13,186,788 $ - $ 13,186,788 Residential mortgage-backed securities available for sale - 12,346,979 - 12,346,979 $ - $ 25,533,767 $ - $ 25,533,767
Fair Value Measurements, Nonrecurring [Table Text Block]	Total June 30, 201 9 Level 1 Level 2 Level 3 Fair Value Foreclosed assets $ - $ - $ 271,366 $ 271,366 Impaired loans, net - - 550,949 550,949 Total December 31, 2018 Level 1 Level 2 Level 3 Fair Value Foreclosed assets $ - $ - $ 78,926 $ 78,926 Impaired loans, net - - 716,998 716,998
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	Quantitative Information about Level 3 Fair Value Measurements Fair Value Valuation Unobservable Estimate Techniques Input Range June 30, 2019 Foreclosed assets $ 271,366 Appraisal of collateral Appraisal adjustments -34% to -64% Impaired loans, net $ 547,437 Appraisal of collateral Appraisal adjustments -47% to -71% Impaired loans, net $ 3,512 Discounted Future Cash Flows Payment Stream N/A Discount Rate 10% December 31, 2018 Foreclosed assets $ 78,926 Appraisal of collateral Appraisal adjustments -36% to 49% Impaired loans, net $ 662,799 Appraisal of collateral Appraisal adjustments -44% to 69% Impaired loans, net $ 54,199 Discounted Future Cash Flows Payment Stream N/A Discount Rate 10%
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements at Carrying June 30, 2019 using: Amount Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 6,196,440 $ 6,196,440 $ - $ - $ 6,196,440 Time deposits 250,000 250,000 - - 250,000 Federal funds sold 8,118,000 8,118,000 - - 8,118,000 Securities 24,926,481 - 24,926,481 - 24,926,481 Net loans 245,111,776 - - 243,887,260 243,887,260 Loans held for sale 121,125 - 121,125 - 121,125 Accrued interest receivable 846,113 846,113 - - 846,113 Mortgage servicing rights 437,061 - - 437,061 437,061 Financial Liabilities: Non-interest bearing deposits 18,034,007 18,034,007 - - 18,034,007 Interest bearing deposits 210,959,119 - - 211,681,793 211,681,793 Accrued interest payable 12,199 12,199 - - 12,199 FHLB advances 17,577,635 - 17,760,249 - 17,760,249 Carrying December 31, 2018 using: Amount Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 8,430,458 $ 8,430,458 $ - $ - $ 8,430,458 Time deposits 250,000 250,000 - - 250,000 Federal funds sold 5,663,000 5,663,000 - - 5,663,000 Securities 25,533,767 - 25,533,767 - 25,533,767 Net loans 235,926,419 - - 232,996,807 232,996,807 Accrued interest receivable 824,542 824,542 - - 824,542 Mortgage servicing rights 446,375 - - 446,375 446,375 Financial Liabilities: Non-interest bearing deposits 14,057,719 14,057,719 - - 14,057,719 Interest bearing deposits 209,390,810 - - 209,576,569 209,576,569 Accrued interest payable 5,648 5,648 - - 5,648 FHLB advances 12,087,152 - 12,136,836 - 12,136,386

Note 5 - Earnings Per Share - E

Note 5 - Earnings Per Share - Earnings Per Share (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Net income available to common stockholders	$ 434,612	$ 400,070	$ 355,873	$ 479,582	$ 834,683	$ 835,455
Basic potential common shares:
Weighted average shares outstanding (in shares)	3,293,642		3,406,908		3,319,914	3,417,955
Weighted average unvested MRP shares (in shares)	(1,522)				(2,291)
Weighted average unallocated ESOP shares (in shares)	(152,380)		(171,107)		(154,701)	(173,454)
Basic weighted average shares outstanding (in shares)	3,139,740		3,235,801		3,162,922	3,244,501
Dilutive potential common shares:
Dilutive weighted average shares outstanding (in shares)	3,145,281		3,244,429		3,168,515	3,253,155
Basic earnings per share (in dollars per share)	$ 0.14		$ 0.11		$ 0.26	$ 0.26
Diluted earnings per share (in dollars per share)	$ 0.14		$ 0.11		$ 0.26	$ 0.26
MRP Stock Awards [Member]
Dilutive potential common shares:
Weighted average dilutive shares (in shares)	41				72
Recognition and Retention Plan [Member]
Dilutive potential common shares:
Weighted average dilutive shares (in shares)	5,500		8,628		5,521	8,654

Note 6 - Employee Stock Owner_3

Note 6 - Employee Stock Ownership Plan (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Oct. 11, 2016	Jul. 08, 2005
Loan to Employee Stock Ownership Plan			$ 1,907,160	$ 763,140
Employee Stock Ownership Plan (ESOP), Shares in ESOP, Total	253,326	253,412	190,716	76,314
Sale of Stock, Price Per Share			$ 10	$ 10
Employee Stock Ownership Plan ESOP Interest and Principal Payments from ESOP	$ 239,000

Note 6 - Employee Stock Owner_4

Note 6 - Employee Stock Ownership Plan - Employee Stock Ownership Plan (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018	Oct. 11, 2016	Jul. 08, 2005
Shares allocated (in shares)	132,441	123,051
Shares withdrawn from the plan (in shares)	(28,365)	(28,278)
Unallocated shares (in shares)	149,250	158,639
Total ESOP shares (in shares)	253,326	253,412	190,716	76,314
Fair value of unallocated shares	$ 1,973,079	$ 2,114,657

Note 7 - Investment Securitie_2

Note 7 - Investment Securities (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	19		19
Aggregate Percentage Loss On Securities With Unrealized Loss Position	0.95%		0.95%
Other than Temporary Impairment Losses, Investments, Total			$ 0
Proceeds from Sale of Available-for-sale Securities, Total	$ 0	$ 0	$ 0	$ 0

Note 7 - Investment Securitie_3

Note 7 - Investment Securities - Amortized Cost and Fair Values of Securities (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Securities available for sale, amortized cost	$ 24,492,831	$ 25,577,244
Securities available for sale, gross unrealized gains	478,040	175,409
Securities available for sale, gross unrealized losses	44,390	218,886
Securities available for sale	24,926,481	25,533,767
US States and Political Subdivisions Debt Securities [Member]
Securities available for sale, amortized cost	13,590,751	13,092,077
Securities available for sale, gross unrealized gains	319,465	116,127
Securities available for sale, gross unrealized losses	44	21,416
Securities available for sale	13,910,172	13,186,788
Residential Mortgage Backed Securities [Member]
Securities available for sale, amortized cost	10,902,080	12,485,167
Securities available for sale, gross unrealized gains	158,575	59,282
Securities available for sale, gross unrealized losses	44,346	197,470
Securities available for sale	$ 11,016,309	$ 12,346,979

Note 7 - Investment Securitie_4

Note 7 - Investment Securities - Securities by Contractual Maturity (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Securities available for sale, due in three months or less, amortized cost
Securities available for sale, due in three months or less, fair value
Securities available for sale, due after three months through one year, amortized cost	669,594
Securities available for sale, due after three months through one year, fair value	673,452
Securities available for sale, due after one year through five years, amortized cost	5,381,432
Securities available for sale, due after one year through five years, fair value	5,484,945
Securities available for sale, due after five years through ten years, amortized cost	3,992,738
Securities available for sale, due after five years through ten years, fair value	4,109,281
Securities available for sale, due after ten years, amortized cost	3,546,987
Securities available for sale, due after ten years, fair value	3,642,494
Residential mortgage-backed securities, amortized cost	10,902,080
Residential mortgage-backed securities, fair value	11,016,309
Securities available for sale, amortized cost	24,492,831	$ 25,577,244
Securities available for sale, fair value	$ 24,926,481	$ 25,533,767

Note 7 - Investment Securitie_5

Note 7 - Investment Securities - Securities With Gross Unrealized Losses (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Securities available for sale, less than 12 months, fair value	$ 196,063	$ 4,696,851
Securities available for sale, less than 12 months, unrealized losses	2,463	34,876
Securities available for sale, 12 months or more, fair value	4,425,721	7,380,043
Securities available for sale, 12 months or more, unrealized losses	41,927	184,010
Securities available for sale, fair value	4,621,784	12,076,894
Securities available for sale, unrealized losses	44,390	218,886
US States and Political Subdivisions Debt Securities [Member]
Securities available for sale, less than 12 months, fair value		1,831,305
Securities available for sale, less than 12 months, unrealized losses		9,610
Securities available for sale, 12 months or more, fair value	101,531	1,345,990
Securities available for sale, 12 months or more, unrealized losses	44	11,806
Securities available for sale, fair value	101,531	3,177,295
Securities available for sale, unrealized losses	44	21,416
Residential Mortgage Backed Securities [Member]
Securities available for sale, less than 12 months, fair value	196,063	2,865,546
Securities available for sale, less than 12 months, unrealized losses	2,463	25,266
Securities available for sale, 12 months or more, fair value	4,324,190	6,034,053
Securities available for sale, 12 months or more, unrealized losses	41,883	172,204
Securities available for sale, fair value	4,520,253	8,899,599
Securities available for sale, unrealized losses	$ 44,346	$ 197,470

Note 8 - Loans and Allowance _3

Note 8 - Loans and Allowance for Credit Losses (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Impaired Financing Receivable, Interest Income, Cash Basis Method, Total	$ 0	$ 0	$ 0	$ 0
Number of Impaired Loans	24		24		21
Impaired Financing Receivable, Recorded Investment, Total	$ 1,853,289		$ 1,853,289		$ 1,503,940
Financing Receivable, Modifications, Number of Contracts	0	0	0	0
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts	0	0	0	0
Real Estate Acquired Through Foreclosure	$ 196,000		$ 196,000
Mortgage Loans in Process of Foreclosure, Amount	607,325		607,325		276,815
Residential Portfolio Segment [Member]
Real Estate Acquired Through Foreclosure	$ 196,000		$ 196,000		0
Impaired Loans [Member]
Number of Impaired Loans	1		1
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down			$ 67,000
Written Down [Member]
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down			$ 40,000
Additional Impaired Loans [Member]
Number of Impaired Loans	7		7
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down			$ 884,000
Troubled Debt Restructurings [Member]
Impaired Financing Receivable, Recorded Investment, Total	$ 65,000		65,000		$ 70,000
Proceeds from Impaired Loans, Principal Payment			$ 5,000
Written Down and Moved to OREO [Member]
Number of Impaired Loans	1		1
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down			$ 277,000
Impaired Loans Paid Off [Member]
Number of Impaired Loans	3		3
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down			$ 117,000

Note 8 - Loans and Allowance _4

Note 8 - Loans and Allowance for Credit Losses - Components of Loans, Net of Deferred Loan Costs (Fees) (Details) - USD ($)	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Gross loans	$ 247,759,581		$ 238,554,157
Less: Allowance for loan losses	(2,647,805)	$ (2,628,365)	(2,627,738)	$ (2,545,986)	$ (2,570,533)	$ (2,472,446)
Loans, net	245,111,776		235,926,419
Residential Portfolio Segment [Member]
Gross loans	157,844,519		148,555,764
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member]
Gross loans	151,433,604		141,779,340
Less: Allowance for loan losses	(1,755,047)	(1,723,465)	(1,761,736)	(1,643,589)	(1,589,323)	(1,477,419)
Residential Portfolio Segment [Member] | Multi-family Loans [Member]
Gross loans	6,410,915		6,776,424
Less: Allowance for loan losses	(25,080)	(26,698)	(26,562)	(24,636)	(25,126)	(21,970)
Nonresidential Real Estate Portfolio Segment [Member]
Gross loans	28,875,562		35,286,236
Less: Allowance for loan losses	(268,587)	(317,854)	(343,663)	(326,934)	(372,280)	(371,093)
Commercial Portfolio Segment [Member]
Gross loans	24,182,769		17,241,698
Less: Allowance for loan losses	(189,213)	(145,657)	(135,165)	(133,812)	(153,075)	(153,596)
Consumer Portfolio Segment [Member]
Gross loans	18,723,751		15,390,263
Less: Allowance for loan losses	(139,659)	(125,285)	(82,947)	(57,812)	(97,585)	(140,269)
Purchased Auto Loans [Member]
Gross loans	18,132,980		22,080,196
Less: Allowance for loan losses	(270,219)	$ (289,406)	(277,665)	$ (359,203)	$ (333,144)	$ (308,099)
Non-mortgage Loans [Member]
Gross loans	$ 89,915,062		$ 89,998,393

Note 8 - Loans and Allowance _5

Note 8 - Loans and Allowance for Credit Losses - Purchases of Loans Receivable (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Purchased Auto Loans [Member]
Purchases of loans receivable		$ 4,668,207		$ 8,703,071

Note 8 - Loans and Allowance _6

Note 8 - Loans and Allowance for Credit Losses - Net (Charge-offs) Recoveries (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net (charge-offs)/recoveries	$ (150,560)	$ (211,547)	$ (279,933)	$ (238,960)
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member]
Net (charge-offs)/recoveries	(42,947)	(206,668)	(152,822)	(208,951)
Residential Portfolio Segment [Member] | Multi-family Loans [Member]
Net (charge-offs)/recoveries	3,972	3,971	7,943	7,943
Consumer Portfolio Segment [Member]
Net (charge-offs)/recoveries	(35,894)	2,091	(35,542)	3,818
Purchased Auto Loans [Member]
Net (charge-offs)/recoveries	$ (75,691)	$ (10,941)	$ (99,512)	$ (41,770)

Note 8 - Loans and Allowance _7

Note 8 - Loans and Allowance for Credit Losses - Recorded Investment in Loans and the Related Allowances (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Dec. 31, 2018
Balance	$ 2,628,365	$ 2,570,533	$ 2,627,738	$ 2,472,446
Provision for loan losses	170,000	187,000	300,000	312,500
Loans charged off	(164,413)	(225,778)	(435,153)	(268,696)
Recoveries of loans previously charged off	13,853	14,231	155,220	29,736
Balance	2,647,805	2,545,986	2,647,805	2,545,986
Loans individually evaluated for Impairment					$ 1,771,812	$ 1,410,513
Gross loans					247,759,581	238,554,157
Loans collectively evaluated for Impairment					245,906,292	237,050,217
Loans individually evaluated for Impairment					56,566	199,496
Allowance for loan losses	2,647,805	2,570,533	2,647,805	2,545,986	2,647,805	2,627,738
Loans collectively evaluated for Impairment					2,587,203	2,410,425
Financial Asset Acquired with Credit Deterioration [Member]
Balance			17,817
Balance	4,036		4,036
Gross loans					81,477	93,427
Allowance for loan losses	4,036		4,036		4,036	17,817
Residential Portfolio Segment [Member]
Gross loans					157,844,519	148,555,764
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member]
Balance	1,723,465	1,589,323	1,761,736	1,477,419
Provision for loan losses	74,529	260,934	146,133	375,121
Loans charged off	(48,760)	(210,486)	(284,980)	(217,210)
Recoveries of loans previously charged off	5,813	3,818	132,158	8,259
Balance	1,755,047	1,643,589	1,755,047	1,643,589
Loans individually evaluated for Impairment					1,345,264	955,317
Gross loans					151,433,604	141,779,340
Loans collectively evaluated for Impairment					150,006,863	140,730,596
Loans individually evaluated for Impairment					33,627	160,822
Allowance for loan losses	1,723,465	1,589,323	1,755,047	1,643,589	1,755,047	1,761,736
Loans collectively evaluated for Impairment					1,717,384	1,583,097
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Balance			17,817
Balance	4,036		4,036
Gross loans					81,477	93,427
Allowance for loan losses	4,036		4,036		4,036	17,817
Residential Portfolio Segment [Member] | Multi-family Loans [Member]
Balance	26,698	25,126	26,562	21,970
Provision for loan losses	(5,590)	(4,461)	(9,425)	(5,277)
Loans charged off	0	0	0	0
Recoveries of loans previously charged off	3,972	3,971	7,943	7,943
Balance	25,080	24,636	25,080	24,636
Loans individually evaluated for Impairment					0	0
Gross loans					6,410,915	6,776,424
Loans collectively evaluated for Impairment					6,410,915	6,776,424
Loans individually evaluated for Impairment					0	0
Allowance for loan losses	26,698	25,126	25,080	24,636	25,080	26,562
Loans collectively evaluated for Impairment					25,080	26,562
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Balance			0
Balance	0		0
Gross loans					0	0
Allowance for loan losses	0		0		0	0
Nonresidential Real Estate Portfolio Segment [Member]
Balance	317,854	372,280	343,663	371,093
Provision for loan losses	(49,267)	(45,346)	(75,076)	(44,159)
Loans charged off
Recoveries of loans previously charged off	0		0
Balance	268,587	326,934	268,587	326,934
Loans individually evaluated for Impairment					426,548	455,196
Gross loans					28,875,562	35,286,236
Loans collectively evaluated for Impairment					28,449,014	34,831,040
Loans individually evaluated for Impairment					22,939	38,674
Allowance for loan losses	317,854	372,280	268,587	326,934	268,587	343,663
Loans collectively evaluated for Impairment					245,648	304,989
Nonresidential Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Balance			0
Balance	0		0
Gross loans					0	0
Allowance for loan losses	0		0		0	0
Commercial Portfolio Segment [Member]
Balance	145,657	153,075	135,165	153,596
Provision for loan losses	43,556	(19,263)	54,048	(19,784)
Loans charged off	0	0	0	0
Recoveries of loans previously charged off	0	0	0	0
Balance	189,213	133,812	189,213	133,812
Loans individually evaluated for Impairment
Gross loans					24,182,769	17,241,698
Loans collectively evaluated for Impairment					24,182,769	17,241,698
Loans individually evaluated for Impairment					0	0
Allowance for loan losses	145,657	153,075	189,213	133,812	189,213	135,165
Loans collectively evaluated for Impairment					189,213	135,165
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Balance			0
Balance	0		0
Gross loans					0	0
Allowance for loan losses	0		0		0	0
Consumer Portfolio Segment [Member]
Balance	125,285	97,585	82,947	140,269
Provision for loan losses	50,268	(41,864)	92,254	(86,275)
Loans charged off	(36,423)		(36,423)
Recoveries of loans previously charged off	529	2,091	881	3,818
Balance	139,659	57,812	139,659	57,812
Loans individually evaluated for Impairment					0	0
Gross loans					18,723,751	15,390,263
Loans collectively evaluated for Impairment					18,723,751	15,390,263
Loans individually evaluated for Impairment					0	0
Allowance for loan losses	125,285	97,585	139,659	57,812	139,659	82,947
Loans collectively evaluated for Impairment					139,659	82,947
Consumer Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Balance			0
Balance	0		0
Gross loans					0	0
Allowance for loan losses	0		0		0	0
Purchased Auto Loans [Member]
Balance	289,406	333,144	277,665	308,099
Provision for loan losses	56,504	37,000	92,066	92,874
Loans charged off	(79,230)	(15,292)	(113,750)	(51,486)
Recoveries of loans previously charged off	3,539	4,351	14,238	9,716
Balance	270,219	359,203	270,219	359,203
Loans individually evaluated for Impairment
Gross loans					18,132,980	22,080,196
Loans collectively evaluated for Impairment					18,132,980	22,080,196
Loans individually evaluated for Impairment
Allowance for loan losses	289,406	$ 333,144	270,219	$ 359,203	270,219	277,665
Loans collectively evaluated for Impairment					270,219	277,665
Purchased Auto Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Balance			0
Balance	0		0
Gross loans					0	0
Allowance for loan losses	$ 0		$ 0		$ 0	$ 0

Note 8 - Loans and Allowance _8

Note 8 - Loans and Allowance for Credit Losses - Loans Individually Evaluated for Impairment (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Unpaid Contractual Principal Balance	$ 1,853,289	$ 1,503,940
Recorded Investment With No Allowance	1,241,738	569,629
Recorded Investment With Allowance	611,551	934,311
Total Recorded Investment	1,853,289	1,503,940
Related Allowance	60,602	217,313
Average Recorded Investment	1,447,644	1,447,500
Unpaid Contractual Principal Balance	1,853,289	1,503,940
Recorded Investment With No Allowance	1,241,738	569,629
Recorded Investment With Allowance	611,551	934,311
Related Allowance	60,602	217,313
Average Recorded Investment	1,447,644	1,447,500
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member]
Unpaid Contractual Principal Balance	1,426,741	1,048,744
Recorded Investment With No Allowance	1,231,397	427,825
Recorded Investment With Allowance	195,344	620,919
Total Recorded Investment	1,426,741	1,048,744
Related Allowance	37,663	178,639
Average Recorded Investment	1,006,780	1,074,284
Unpaid Contractual Principal Balance	1,426,741	1,048,744
Recorded Investment With No Allowance	1,231,397	427,825
Recorded Investment With Allowance	195,344	620,919
Related Allowance	37,663	178,639
Average Recorded Investment	1,006,780	1,074,284
Residential Portfolio Segment [Member] | Multi-family Loans [Member]
Unpaid Contractual Principal Balance
Recorded Investment With No Allowance
Recorded Investment With Allowance
Total Recorded Investment
Related Allowance
Average Recorded Investment
Unpaid Contractual Principal Balance
Recorded Investment With No Allowance
Recorded Investment With Allowance
Related Allowance
Average Recorded Investment
Nonresidential Real Estate Portfolio Segment [Member]
Unpaid Contractual Principal Balance	426,548	455,196
Recorded Investment With No Allowance	10,341	141,804
Recorded Investment With Allowance	416,207	313,392
Total Recorded Investment	426,548	455,196
Related Allowance	22,939	38,674
Average Recorded Investment	440,864	366,226
Unpaid Contractual Principal Balance	426,548	455,196
Recorded Investment With No Allowance	10,341	141,804
Recorded Investment With Allowance	416,207	313,392
Related Allowance	22,939	38,674
Average Recorded Investment	440,864	366,226
Commercial Portfolio Segment [Member]
Unpaid Contractual Principal Balance
Recorded Investment With No Allowance
Recorded Investment With Allowance
Total Recorded Investment
Related Allowance
Average Recorded Investment		1,282
Unpaid Contractual Principal Balance
Recorded Investment With No Allowance
Recorded Investment With Allowance
Related Allowance
Average Recorded Investment		1,282
Consumer Portfolio Segment [Member]
Unpaid Contractual Principal Balance
Recorded Investment With No Allowance
Recorded Investment With Allowance
Total Recorded Investment
Related Allowance
Average Recorded Investment
Unpaid Contractual Principal Balance
Recorded Investment With No Allowance
Recorded Investment With Allowance
Related Allowance
Average Recorded Investment
Purchased Auto Loans [Member]
Unpaid Contractual Principal Balance
Recorded Investment With No Allowance
Recorded Investment With Allowance
Total Recorded Investment
Related Allowance
Average Recorded Investment		5,708
Unpaid Contractual Principal Balance
Recorded Investment With No Allowance
Recorded Investment With Allowance
Related Allowance
Average Recorded Investment		$ 5,708

Note 8 - Loans and Allowance _9

Note 8 - Loans and Allowance for Credit Losses - Nonaccrual Loans and Loans Past Due Over 90 Days (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Nonaccrual Loans	$ 1,853,289	$ 1,503,940
Loans Past Due Over 90 Days Still Accruing
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member]
Nonaccrual Loans	1,426,741	1,048,744
Loans Past Due Over 90 Days Still Accruing
Residential Portfolio Segment [Member] | Multi-family Loans [Member]
Nonaccrual Loans
Loans Past Due Over 90 Days Still Accruing
Nonresidential Real Estate Portfolio Segment [Member]
Nonaccrual Loans	426,548	455,196
Loans Past Due Over 90 Days Still Accruing
Commercial Portfolio Segment [Member]
Nonaccrual Loans
Loans Past Due Over 90 Days Still Accruing
Consumer Portfolio Segment [Member]
Nonaccrual Loans
Loans Past Due Over 90 Days Still Accruing
Purchased Auto Loans [Member]
Nonaccrual Loans
Loans Past Due Over 90 Days Still Accruing

Note 8 - Loans and Allowance_10

Note 8 - Loans and Allowance for Credit Losses - Aging of the Recorded Investment in Loans (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Loans past due	$ 1,488,772	$ 4,361,693
Loans, current	246,270,809	234,192,464
Total loans	247,759,581	238,554,157
Financial Asset, 30 to 59 Days Past Due [Member]
Loans past due	700,765	2,751,238
Financial Asset, 60 to 89 Days Past Due [Member]
Loans past due	13,827	694,864
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans past due	774,180	915,591
Residential Portfolio Segment [Member]
Total loans	157,844,519	148,555,764
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member]
Loans past due	1,262,094	2,630,600
Loans, current	150,171,510	139,148,740
Total loans	151,433,604	141,779,340
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans past due	487,914	1,293,142
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans past due		549,331
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans past due	774,180	788,127
Residential Portfolio Segment [Member] | Multi-family Loans [Member]
Loans past due
Loans, current	6,410,915	6,776,424
Total loans	6,410,915	6,776,424
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans past due
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans past due
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans past due
Nonresidential Real Estate Portfolio Segment [Member]
Loans past due	123,336	1,670,320
Loans, current	28,752,226	33,615,916
Total loans	28,875,562	35,286,236
Nonresidential Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans past due	123,336	1,413,392
Nonresidential Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans past due		129,464
Nonresidential Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans past due		127,464
Commercial Portfolio Segment [Member]
Loans past due	10,890	3,989
Loans, current	24,171,879	17,237,709
Total loans	24,182,769	17,241,698
Commercial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans past due		3,989
Commercial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans past due	10,890
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans past due
Consumer Portfolio Segment [Member]
Loans past due	41,523	9,044
Loans, current	18,682,228	15,381,219
Total loans	18,723,751	15,390,263
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans past due	41,523	9,044
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans past due
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans past due
Purchased Auto Loans [Member]
Loans past due	50,929	47,740
Loans, current	18,082,051	22,032,456
Total loans	18,132,980	22,080,196
Purchased Auto Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans past due	47,992	31,671
Purchased Auto Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans past due	2,937	16,069
Purchased Auto Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans past due

Note 8 - Loans and Allowance_11

Note 8 - Loans and Allowance for Credit Losses - Loans by Risk Category (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Gross loans	$ 247,759,581	$ 238,554,157
Pass [Member]
Gross loans	84,416,468	81,726,371
Special Mention [Member]
Gross loans	63,908	335,758
Substandard [Member]
Gross loans	1,853,289	1,503,940
Doubtful [Member]
Gross loans
Not Rated [Member]
Gross loans	161,425,916	154,988,088
Residential Portfolio Segment [Member]
Gross loans	157,844,519	148,555,764
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member]
Gross loans	151,433,604	141,779,340
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Pass [Member]
Gross loans	31,784,685	29,653,633
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Special Mention [Member]
Gross loans	63,908	335,758
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Substandard [Member]
Gross loans	1,426,741	1,048,744
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Doubtful [Member]
Gross loans
Residential Portfolio Segment [Member] | One- to Four-family Loan [Member] | Not Rated [Member]
Gross loans	118,158,270	110,741,205
Residential Portfolio Segment [Member] | Multi-family Loans [Member]
Gross loans	6,410,915	6,776,424
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Pass [Member]
Gross loans
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Special Mention [Member]
Gross loans
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Substandard [Member]
Gross loans
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Doubtful [Member]
Gross loans
Residential Portfolio Segment [Member] | Multi-family Loans [Member] | Not Rated [Member]
Gross loans	6,410,915	6,776,424
Nonresidential Real Estate Portfolio Segment [Member]
Gross loans	28,875,562	35,286,236
Nonresidential Real Estate Portfolio Segment [Member] | Pass [Member]
Gross loans	28,449,014	34,831,040
Nonresidential Real Estate Portfolio Segment [Member] | Special Mention [Member]
Gross loans
Nonresidential Real Estate Portfolio Segment [Member] | Substandard [Member]
Gross loans	426,548	455,196
Nonresidential Real Estate Portfolio Segment [Member] | Doubtful [Member]
Gross loans
Nonresidential Real Estate Portfolio Segment [Member] | Not Rated [Member]
Gross loans
Commercial Portfolio Segment [Member]
Gross loans	24,182,769	17,241,698
Commercial Portfolio Segment [Member] | Pass [Member]
Gross loans	24,182,769	17,241,698
Commercial Portfolio Segment [Member] | Special Mention [Member]
Gross loans
Commercial Portfolio Segment [Member] | Substandard [Member]
Gross loans
Commercial Portfolio Segment [Member] | Doubtful [Member]
Gross loans
Commercial Portfolio Segment [Member] | Not Rated [Member]
Gross loans
Consumer Portfolio Segment [Member]
Gross loans	18,723,751	15,390,263
Consumer Portfolio Segment [Member] | Pass [Member]
Gross loans
Consumer Portfolio Segment [Member] | Special Mention [Member]
Gross loans
Consumer Portfolio Segment [Member] | Substandard [Member]
Gross loans
Consumer Portfolio Segment [Member] | Doubtful [Member]
Gross loans
Consumer Portfolio Segment [Member] | Not Rated [Member]
Gross loans	18,723,751	15,390,263
Purchased Auto Loans [Member]
Gross loans	18,132,980	22,080,196
Purchased Auto Loans [Member] | Pass [Member]
Gross loans
Purchased Auto Loans [Member] | Special Mention [Member]
Gross loans
Purchased Auto Loans [Member] | Substandard [Member]
Gross loans
Purchased Auto Loans [Member] | Doubtful [Member]
Gross loans
Purchased Auto Loans [Member] | Not Rated [Member]
Gross loans	$ 18,132,980	$ 22,080,196

Note 9 - Stock Compensation (De

Note 9 - Stock Compensation (Details Textual) - USD ($) shares in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Payment Arrangement, Expense				$ 5,381	$ 0
Management Recognition Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0	0		0

Note 11 - Borrowings - Outstand

Note 11 - Borrowings - Outstanding Advances (Details) - Federal Home Loan Bank of Chicago [Member] - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Advances from FHLB	$ 17,577,635	$ 12,087,152
Matures 03/15/2019 at 2.42% [Member]
Advances from FHLB		1,500,000
Matures 04/01/2019 at 2.00% [Member]
Advances from FHLB		499,272
Matures 07/11/2019 at 2.43% [Member]
Advances from FHLB	2,500,000
Matures 07/22/2019 at 2.43% [Member]
Advances from FHLB	1,000,000
Matures 07/26/2019 at 2.45% [Member]
Advances from FHLB	2,500,000
Matures 08/12/2019 at 2.43% [Member]
Advances from FHLB	1,500,000
Matures 08/30/2019 at 1.56% [Member]
Advances from FHLB	3,000,000	3,000,000
Matures 12/16/2019 at 2.08% [Member]
Advances from FHLB	2,000,000	2,000,000
Matures 03/22/2021 at 3.03% [Member]
Advances from FHLB	1,000,000	1,000,000
Matures 09/21/2021 at 3.07% [Member]
Advances from FHLB	1,000,000	1,000,000
Matures 03/21/2022 at 3.09% [Member]
Advances from FHLB	1,000,000	1,000,000
Matures 09/21/2022 at 3.11% [Member]
Advances from FHLB	1,000,000	1,000,000
Matures 10/03/2022 at 1.48% [Member]
Advances from FHLB	77,635	87,880
Matures 03/21/2023 at 3.15% [Member]
Advances from FHLB	500,000	500,000
Matures 09/21/2023 at 3.18 % [Member]
Advances from FHLB	$ 500,000	$ 500,000

Note 11 - Borrowings - Outsta_2

Note 11 - Borrowings - Outstanding Advances (Details) (Parentheticals)	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Federal Home Loan Bank of Chicago [Member]
Maturity date on fixed rate advance		Apr. 1, 2019
Interest rate, fixed		2.00%
Matures 03/15/2019 at 2.42% [Member] | Federal Home Loan Bank of Chicago [Member]
Maturity date on fixed rate advance		Mar. 15, 2019
Interest rate, fixed		2.42%
Matures 07/11/2019 at 2.43% [Member] | Federal Home Loan Bank of Chicago [Member]
Maturity date on fixed rate advance	Jul. 11, 2019	Jul. 11, 2019
Interest rate, fixed	2.43%	2.43%
Matures 07/22/2019 at 2.43% [Member] | Federal Home Loan Bank of Chicago [Member]
Maturity date on fixed rate advance	Jul. 22, 2019	Jul. 22, 2019
Interest rate, fixed	2.43%	2.43%
Matures 07/26/2019 at 2.45% [Member] | Federal Home Loan Bank of Chicago [Member]
Maturity date on fixed rate advance	Jul. 26, 2019	Jul. 26, 2019
Interest rate, fixed	2.45%	2.45%
Matures 08/12/2019 at 2.43% [Member] | Federal Home Loan Bank of Chicago [Member]
Maturity date on fixed rate advance	Aug. 12, 2019	Aug. 12, 2019
Interest rate, fixed	2.43%	2.43%
Matures 08/30/2019 at 1.56% [Member] | Federal Home Loan Bank of Chicago [Member]
Maturity date on fixed rate advance	Aug. 30, 2019	Aug. 30, 2019
Interest rate, fixed	1.56%	1.56%
Matures 12/16/2019 at 2.08% [Member] | Federal Home Loan Bank of Chicago [Member]
Maturity date on fixed rate advance	Dec. 16, 2019	Dec. 16, 2019
Interest rate, fixed	2.08%	2.08%
Matures 03/22/2021 at 3.03% [Member] | Federal Home Loan Bank of Chicago [Member]
Maturity date on fixed rate advance	Mar. 22, 2021	Mar. 22, 2021
Interest rate, fixed	3.03%	3.03%
Matures 09/21/2021 at 3.07% [Member] | Federal Home Loan Bank of Chicago [Member]
Maturity date on fixed rate advance	Sep. 21, 2021	Sep. 21, 2021
Interest rate, fixed	3.07%	3.07%
Matures 03/21/2022 at 3.09% [Member] | Federal Home Loan Bank of Chicago [Member]
Maturity date on fixed rate advance	Mar. 21, 2022	Mar. 21, 2022
Interest rate, fixed	3.09%	3.09%
Matures 09/21/2022 at 3.11% [Member] | Federal Home Loan Bank of Chicago [Member]
Maturity date on fixed rate advance	Sep. 21, 2022	Sep. 21, 2022
Interest rate, fixed	3.11%	3.11%
Matures 10/03/2022 at 1.48% [Member]
Maturity date on fixed rate advance	Oct. 3, 2022	Oct. 3, 2022
Interest rate, fixed	1.48%	1.48%
Matures 03/21/2023 at 3.15% [Member]
Maturity date on fixed rate advance	Mar. 21, 2023	Mar. 21, 2023
Interest rate, fixed	3.15%	3.15%
Matures 09/21/2023 at 3.18 % [Member]
Maturity date on fixed rate advance	Sep. 21, 2023	Sep. 21, 2023
Interest rate, fixed	3.18%	3.18%

Note 12 - Fair Value Measurem_3

Note 12 - Fair Value Measurement and Disclosure (Details Textual) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale, Total	$ 24,926,481	$ 25,533,767
Fair Value, Inputs, Level 1 [Member]
Debt Securities, Available-for-sale, Total	0
Fair Value, Inputs, Level 3 [Member]
Debt Securities, Available-for-sale, Total	$ 0

Note 12 - Fair Value Measurem_4

Note 12 - Fair Value Measurement and Disclosure - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Securities available for sale	$ 24,926,481	$ 25,533,767
Fair Value, Recurring [Member]
Securities available for sale	24,926,481	25,533,767
Fair Value, Inputs, Level 1 [Member]
Securities available for sale	0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Securities available for sale	0	0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Securities available for sale	24,926,481	25,533,767
Fair Value, Inputs, Level 3 [Member]
Securities available for sale	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Securities available for sale	0	0
US States and Political Subdivisions Debt Securities [Member]
Securities available for sale	13,910,172	13,186,788
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Securities available for sale	13,910,172	13,186,788
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Securities available for sale	0	0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Securities available for sale	13,910,172	13,186,788
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Securities available for sale	0	0
Residential Mortgage Backed Securities [Member]
Securities available for sale	11,016,309	12,346,979
Residential Mortgage Backed Securities [Member] | Fair Value, Recurring [Member]
Securities available for sale	11,016,309	12,346,979
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Securities available for sale	0	0
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Securities available for sale	11,016,282	12,346,979
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Securities available for sale	$ 0	$ 0

Note 12 - Fair Value Measurem_5

Note 12 - Fair Value Measurement and Disclosure - Assets Measured at Fair Value on a Non-recurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Foreclosed assets	$ 271,366	$ 78,926
Impaired loans, net	550,949	716,998
Fair Value, Inputs, Level 1 [Member]
Foreclosed assets	0
Impaired loans, net	0	0
Fair Value, Inputs, Level 2 [Member]
Foreclosed assets	0
Impaired loans, net	0	0
Fair Value, Inputs, Level 3 [Member]
Foreclosed assets	271,366	78,926
Impaired loans, net	$ 550,949	$ 716,998

Note 12 - Fair Value Measurem_6

Note 12 - Fair Value Measurement and Disclosure - Quantitative Information About Assets Measured at Fair Value (Details) - Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Measurement Input, Discount Rate [Member]
Impaired loans, net range	0.1	0.1
Valuation, Market Approach [Member] | Measurement Input, Appraised Value [Member]
Foreclosed assets	$ 271,366	$ 78,926
Impaired loans, net	$ 547,437	$ 662,799
Valuation, Market Approach [Member] | Measurement Input, Appraised Value [Member] | Minimum [Member]
Foreclosed assets range	0.34	(0.36)
Impaired loans, net range	0.47	0.44
Valuation, Market Approach [Member] | Measurement Input, Appraised Value [Member] | Maximum [Member]
Foreclosed assets range	0.64	0.49
Impaired loans, net range	0.71	0.69
Valuation, Income Approach [Member] | Payment Stream [Member]
Impaired loans, net	$ 3,512	$ 54,199

Note 12 - Fair Value Measurem_7

Note 12 - Fair Value Measurement and Disclosure - Estimated Fair Values of Financial Instruments (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Reported Value Measurement [Member]
Financial Assets:
Cash and cash equivalents	$ 6,196,440	$ 8,430,458
Time deposits	250,000	250,000
Federal funds sold	8,118,000	5,663,000
Securities	24,926,481	25,533,767
Net loans	245,111,776	235,926,419
Loans held for sale	121,125
Accrued interest receivable	846,113	824,542
Mortgage servicing rights	437,061	446,375
Financial Liabilities:
Accrued interest payable	12,199	5,648
FHLB advances	17,577,635	12,087,152
Reported Value Measurement [Member] | Non-Interest Bearing Deposits [Member]
Financial Liabilities:
Deposits	18,034,007	14,057,719
Reported Value Measurement [Member] | Interest Bearing Deposits, Liabilities [Member]
Financial Liabilities:
Deposits	210,959,119	209,390,810
Estimate of Fair Value Measurement [Member]
Financial Assets:
Cash and cash equivalents	6,196,440	8,430,458
Time deposits	250,000	250,000
Federal funds sold	8,118,000	5,663,000
Securities	24,926,481	25,533,767
Net loans	243,887,260	232,996,807
Loans held for sale	121,125
Accrued interest receivable	846,113	824,542
Mortgage servicing rights	437,061	446,375
Financial Liabilities:
Accrued interest payable	12,199	5,648
FHLB advances	17,760,249	12,136,386
Estimate of Fair Value Measurement [Member] | Non-Interest Bearing Deposits [Member]
Financial Liabilities:
Deposits	18,034,007	14,057,719
Estimate of Fair Value Measurement [Member] | Interest Bearing Deposits, Liabilities [Member]
Financial Liabilities:
Deposits	211,681,793	209,576,569
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Financial Assets:
Cash and cash equivalents	6,196,440	8,430,458
Time deposits	250,000	250,000
Federal funds sold	8,118,000	5,663,000
Securities
Net loans
Loans held for sale
Accrued interest receivable	846,113	824,542
Mortgage servicing rights
Financial Liabilities:
Accrued interest payable	12,199	5,648
FHLB advances
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Non-Interest Bearing Deposits [Member]
Financial Liabilities:
Deposits	18,034,007	14,057,719
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Bearing Deposits, Liabilities [Member]
Financial Liabilities:
Deposits
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Financial Assets:
Cash and cash equivalents
Time deposits
Federal funds sold
Securities	24,926,481	25,533,767
Net loans
Loans held for sale	121,125
Accrued interest receivable
Mortgage servicing rights
Financial Liabilities:
Accrued interest payable
FHLB advances	17,760,249	12,136,836
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Non-Interest Bearing Deposits [Member]
Financial Liabilities:
Deposits
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Bearing Deposits, Liabilities [Member]
Financial Liabilities:
Deposits
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Financial Assets:
Cash and cash equivalents
Time deposits
Federal funds sold
Securities
Net loans	243,887,260	232,996,807
Loans held for sale
Accrued interest receivable
Mortgage servicing rights	437,061	446,375
Financial Liabilities:
Accrued interest payable
FHLB advances
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Non-Interest Bearing Deposits [Member]
Financial Liabilities:
Deposits
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Bearing Deposits, Liabilities [Member]
Financial Liabilities:
Deposits	$ 211,681,793	$ 209,576,569