Farmers and Merchants Bancshares (FMFG) 10-Q 13 Nov 18 2018 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 08, 2018
Document Information [Line Items]
Entity Registrant Name	Farmers & Merchants Bancshares, Inc.
Entity Central Index Key	1,698,022
Trading Symbol	fmfg
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)		1,675,200
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Assets
Cash and due from banks	$ 9,773,804	$ 6,235,186
Federal funds sold and other interest-bearing deposits	2,844,890	1,002,199
Cash and cash equivalents	12,618,694	7,237,385
Certificates of deposit in other bank	342,000	100,000
Securities available for sale	23,409,440	27,929,510
Securities held to maturity	18,119,599	18,204,182
Equity security at fair value	496,916	503,881
Federal Home Loan Bank stock, at cost	575,800	1,063,600
Mortgage loans held for sale	150,000	327,700
Loans, less allowance for loan losses of $2,672,584 and $2,458,911	341,327,272	332,533,706
Premises and equipment	5,137,072	5,206,271
Accrued interest receivable	968,951	1,020,256
Deferred income taxes	1,145,214	998,032
Other real estate owned	210,150	265,500
Bank owned life insurance	7,012,864	6,891,590
Other assets	670,392	622,856
	412,184,364	402,904,469
Deposits
Noninterest-bearing	59,561,564	64,403,133
Interest-bearing	289,952,691	255,393,291
Total deposits	349,514,255	319,796,424
Securities sold under repurchase agreements	12,163,423	21,768,507
Federal Home Loan Bank of Atlanta advances	3,000,000	17,000,000
Accrued interest payable	296,868	180,620
Other liabilities	2,672,864	2,359,986
	367,647,410	361,105,537
Stockholders' equity
Common stock, par value $.01 per share, authorized 5,000,000 shares; issued and outstanding 1,675,200 shares in 2018 and 1,667,813 shares in 2017	16,752	16,678
Additional paid-in capital	27,086,751	26,869,796
Retained earnings	18,204,888	15,306,625
Accumulated other comprehensive income	(771,437)	(394,167)
	44,536,954	41,798,932
	$ 412,184,364	$ 402,904,469

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Allowance for loan losses	$ 2,672,584	$ 2,458,911
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, share authorized (in shares)	5,000,000	5,000,000
Common stock, share issued (in shares)	1,675,200	1,667,813
Common stock, share outstanding (in shares)	1,675,200	1,667,813

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Interest income
Loans, including fees	$ 4,189,626	$ 3,863,788	$ 12,171,765	$ 11,245,018
Investment securities - taxable	145,791	189,096	450,649	558,648
Investment securities - tax exempt	142,493	152,519	428,055	454,626
Federal funds sold and other interest earning assets	47,280	26,614	117,973	72,097
Total interest income	4,525,190	4,232,017	13,168,442	12,330,389
Interest expense
Deposits	604,697	357,200	1,543,023	1,000,884
Securities sold under repurchase agreements	42,841	37,208	112,242	121,495
Federal Home Loan Bank advances and other borrowings	16,480	48,397	125,427	118,757
Total interest expense	664,018	442,805	1,780,692	1,241,136
Net interest income	3,861,172	3,789,212	11,387,750	11,089,253
Provision for loan losses	(100,000)	225,000	25,000	350,000
Net interest income after provision for loan losses	3,961,172	3,564,212	11,362,750	10,739,253
Noninterest income
Mortgage banking income	105,144	76,916	219,805	185,649
Bank owned life insurance income	40,880	43,096	121,274	129,340
Net unrealized (loss) gain on equity securities	(3,869)		(15,348)
Gain (loss) on sale and write down of other real estate owned	(55,350)		(55,350)
Gain on sale of SBA loans	3,317		63,825	217,563
Total noninterest income	272,421	312,992	904,032	1,137,774
Noninterest expense
Salaries	1,344,759	1,278,741	3,892,971	3,670,613
Employee benefits	328,258	317,231	1,018,280	996,398
Occupancy	168,759	152,157	535,448	503,578
Furniture and equipment	148,945	156,700	475,953	491,356
Other	606,346	594,879	1,932,585	1,916,018
Total noninterest expense	2,597,067	2,499,708	7,855,237	7,577,963
Income before income taxes	1,636,526	1,377,496	4,411,545	4,299,064
Income taxes	327,838	363,040	835,674	1,166,162
Net income	$ 1,308,688	$ 1,014,456	$ 3,575,871	$ 3,132,902
Earnings per share - basic and diluted (in dollars per share)	$ 0.78	$ 0.61	$ 2.14	$ 1.89
Deposit Account [Member]
Noninterest income
Noninterest revenue	$ 160,665	$ 172,107	$ 496,393	$ 525,107
Financial Service, Other [Member]
Noninterest income
Noninterest revenue	$ 21,634	$ 20,873	$ 73,433	$ 80,115

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Net income	$ 1,308,688	$ 1,014,456	$ 3,575,871	$ 3,132,902
Securities available for sale
Net unrealized gain (loss) arising during the period	(115,428)	(13,552)	(534,867)	169,317
Reclassification adjustment for realized gains and losses included in net income
Total unrealized gain (loss) on investment securities available for sale	(115,428)	(13,552)	(534,867)	169,317
Income tax expense (benefit) relating to investment securities available for sale	(31,762)	(5,346)	(147,181)	66,787
Total other comprehensive income (loss)	(83,666)	(8,206)	(387,686)	102,530
Total comprehensive income	$ 1,225,022	$ 1,006,250	$ 3,188,185	$ 3,235,432

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited Except for Year-end Amounts) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2016	1,656,390
Balance at Dec. 31, 2016	$ 16,564	$ 26,562,919	$ 12,713,099	$ (280,305)	$ 39,012,277
Net income			3,132,902		3,132,902
Unrealized gain (loss) on securities available for sale net of income tax expense (benefit)				102,530	102,530
Cash dividends			(612,864)		(612,864)
Dividends reinvested (in shares)	4,310
Dividends reinvested	$ 43	112,760			112,803
Balance (in shares) at Sep. 30, 2017	1,660,700
Balance at Sep. 30, 2017	$ 16,607	26,675,679	15,233,137	(177,775)	41,747,648
Balance (in shares) at Dec. 31, 2017	1,667,813
Balance at Dec. 31, 2017	$ 16,678	26,869,796	15,306,625	(394,167)	41,798,932
Net income			3,575,871		3,575,871
Unrealized gain (loss) on securities available for sale net of income tax expense (benefit)				(387,686)	(387,686)
Cash dividends			(667,192)		(667,192)
Dividends reinvested (in shares)	7,337
Dividends reinvested	$ 73	215,406			215,479
Reclassification due to adoption of ASU No. 2016-01			(10,416)	10,416
Shares issued (in shares)	50
Shares issued	$ 1	1,549			1,550
Balance (in shares) at Sep. 30, 2018	1,675,200
Balance at Sep. 30, 2018	$ 16,752	$ 27,086,751	$ 18,204,888	$ (771,437)	$ 44,536,954

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Unaudited Except for Year-end Amounts) (Parentheticals) - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Unrealized gain (loss) on securities available for sale, tax expense (benefit)	$ (147,181)	$ 66,787
Cash dividends (in dollars per share)	$ 0.40	$ 0.37

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities
Interest received	$ 13,200,699	$ 12,459,877
Fees and commissions received	789,631	790,871
Interest paid	(1,664,444)	(1,193,825)
Proceeds from sale of mortgage loans held for sale	10,513,771	8,540,009
Origination of mortgage loans held for sale	(10,336,071)	(8,489,409)
Cash paid to suppliers and employees	(7,490,137)	(4,933,897)
Income taxes paid, net of refunds received	(588,898)	(1,166,162)
	4,424,551	6,007,464
Cash flows from investing activities
Available for sale	3,867,038	5,441,743
Held to maturity	165,000	1,054,308
Available for sale		(1,132,225)
Held to maturity	(63,242)	(1,805,923)
Purchase of certificate of deposit	(242,000)
Loans made to customers, net of principal collected	(9,473,587)	(27,550,876)
Proceeds from sale of loans	729,511	2,752,563
(Purchase) redemption of stock in FHLB of Atlanta	487,800	(242,800)
Purchases of premises, equipment and software	(176,346)	(51,313)
	(4,705,826)	(21,534,523)
Cash flows from financing activities
Noninterest-bearing deposits	(4,841,569)	(3,148,915)
Interest-bearing deposits	34,559,400	14,503,517
Securities sold under repurchase agreements	(9,605,084)	(3,663,750)
Federal Home Loan Bank of Atlanta advances	(14,000,000)	7,000,000
Dividends paid, net of reinvestments	(451,713)	(500,061)
Common stock issued	1,550
	5,662,584	14,190,791
Net increase (decrease) in cash and cash equivalents	5,381,309	(1,336,268)
Cash and cash equivalents at beginning of period	7,237,385	13,312,915
Cash and cash equivalents at end of period	12,618,694	11,976,647
Reconciliation of net income to net cash provided by operating activities
Net income	3,575,871	3,132,902
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	289,097	320,966
Provision for loan losses	25,000	350,000
Write down of other real estate owned	55,350
Mutual fund dividend reinvested	(8,383)	(7,845)
Mutual fund unrealized loss included in net income	15,348
Gain on sale of loans	(63,825)	(217,563)
Decrease (increase) in mortgage loans held for sale	177,700	50,600
Amortization of premiums and accretion of discounts, net	100,989	79,969
Increase (decrease) in
Deferred loan fees	(10,665)	103,405
Accrued interest payable	116,248	47,311
Other liabilities	312,878	651,010
Decrease (increase) in
Accrued interest receivable	51,305	33,928
Bank owned life insurance cash surrender value	(121,274)	(129,340)
Other assets	(91,088)	1,592,121
	$ 4,424,551	$ 6,007,464

Note 1 - Principles of Consolid

Note 1 - Principles of Consolidation	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Principles of consolidation The consolidated financial statements include the accounts of Farmers and Merchants Bancshares, Inc. and its wholly owned subsidiaries, Farmers and Merchants Bank (the “Bank”), and Series Protected Cell FCB- 4 one 100%

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	2. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and in accordance with the instructions to Form 10 8 03 X. not three nine September 30, 2018 not may December 31, 2018 December 31, 2017, 10 Recent Accounting Pronouncements In January 2016, 2016 01, 825 10 2016 01, December 15, 2017, not 2016 01, January 1, 2018, $10,416 December 31, 2017. In February 2016, No. 2016 02, 841 2016 02 606, December 15, 2018, not may not 2016 02’s $1,500,000. In June 2016, 2016 13, December 15, 2019, In March 2017, 2017 08, 310 20 2017 08 not 2017 08 December 15, 2018 not

Note 3 - Investment Securities

Note 3 - Investment Securities	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	3. Investment Securities Investments in debt securities are summarized as follows: Amortized Unrealized Unrealized Fair September 30, 2018 cost gains losses value Available for sale State and municipal $ 1,507,082 $ 15,605 $ 12,208 $ 1,510,479 SBA pools 2,876,626 - 65,100 2,811,526 Mortgage-backed securities 20,090,040 - 1,002,605 19,087,435 $ 24,473,748 $ 15,605 $ 1,079,913 $ 23,409,440 Held to maturity State and municipal $ 18,119,599 $ 86,106 $ 371,925 $ 17,833,780 Amortized Unrealized Unrealized Fair December 31, 2017 cost gains losses value Available for sale State and municipal $ 1,510,848 $ 38,494 $ 10,135 $ 1,539,207 SBA pools 3,212,771 75 13,000 3,199,846 Mortgage-backed securities 23,735,332 8,787 553,662 23,190,457 $ 28,458,951 $ 47,356 $ 576,797 $ 27,929,510 Held to maturity State and municipal $ 18,204,182 $ 225,349 $ 121,904 $ 18,307,627 Contractual maturities, shown below, will differ from actual maturities because borrowers and issuers may Available for Sale Held to Maturity Amortized Fair Amortized Fair September 30, 2018 cost value cost value Within one year $ - $ - $ 1,014,723 $ 1,015,798 Over one to five years 261,200 248,992 591,356 599,648 Over five to ten years 870,575 884,072 1,857,648 1,864,639 Over ten years 375,307 377,415 14,655,872 14,353,695 1,507,082 1,510,479 18,119,599 17,833,780 Mortgage-backed securities and SBA pools, due in monthly installments 22,966,666 21,898,961 - - $ 24,473,748 $ 23,409,440 $ 18,119,599 $ 17,833,780 December 31, 2017 Within one year $ - $ - $ 165,677 $ 168,260 Over one to five years - - 780,336 794,512 Over five to ten years 1,133,940 1,150,564 1,792,019 1,831,833 Over ten years 376,908 388,643 15,466,150 15,513,022 1,510,848 1,539,207 18,204,182 18,307,627 Mortgage-backed securities and SBA pools, due in monthly installments 26,948,103 26,390,303 - - $ 28,458,951 $ 27,929,510 $ 18,204,182 $ 18,307,627 Securities with a carrying value of $16,624,704 $31,982,381 September 30, 2018 December 31, 2017, The following table sets forth the Company’s gross unrealized losses on a continuous basis for investments in debt securities, by category and length of time, at September 30, 2018 December 31, 2017. September 30, 2018 Less than 12 months 12 months or more Total Description of investments Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss State and municipal $ 6,087,478 $ 133,243 $ 2,848,929 $ 250,890 $ 8,936,407 $ 384,133 SBA pools 459,312 7,292 2,328,482 57,808 2,787,794 65,100 Mortgage-backed securities 1,745,320 70,100 17,342,115 932,505 19,087,435 1,002,605 Total $ 8,292,110 $ 210,635 $ 22,519,526 $ 1,241,203 $ 30,811,636 $ 1,451,838 December 31, 2017 Less than 12 months 12 months or more Total Description of investments Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses State and municipal $ 812,630 $ 1,519 $ 3,444,443 $ 130,520 $ 4,257,073 $ 132,039 SBA pools 551,780 1,903 2,109,832 11,097 2,661,612 13,000 Mortgage-backed securities 2,871,597 41,413 19,571,511 512,249 22,443,108 553,662 Total $ 4,236,007 $ 44,835 $ 25,125,786 $ 653,866 $ 29,361,793 $ 698,701 Management has the ability and intent to hold securities classified as held to maturity until they mature, at which time the Company should receive full value for the securities. As of September 30, 2018 December 31, 2017, not September 30, 2018 December 31, 2017, none

Note 4 - Loans

Note 4 - Loans	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	4. Loans Major categories of loans are as follows: September 30, December 31, 2018 2017 Real estate: Commercial $ 238,570,003 $ 234,026,574 Construction and land development 23,971,982 18,160,366 Residential 60,315,509 59,241,416 Commercial 21,238,222 23,613,543 Consumer 467,592 554,017 344,563,308 335,595,916 Less: Allowance for loan losses 2,672,584 2,458,911 Deferred origination fees net of costs 563,452 603,299 $ 341,327,272 $ 332,533,706 Non-accrual loans, segregated by class of loans, were as follows: September 30, December 31, 2018 2017 Commercial real estate $ 1,678,811 $ 2,245,743 At September 30, 2018, two one $1,678,811 $35,467 2018 $210,686 fourth fourth 2018. At December 31, 2017, one $2,245,743. $82,070 2017 $127,213 $275,000 December 31, 2017. three June 30, 2018. $151,000 three June 30, 2018 $46,660 three September 30, 2018. An age analysis of past due loans, segregated by type of loan, is as follows: 90 Days Past Due 90 30 - 59 Days 60 - 89 Days or More Total Total Days or More Past Due Past Due Past Due Past Due Current Loans and Accruing September 30, 2018 Real estate: Commercial $ - $ - $ 1,678,811 $ 1,678,811 $ 236,891,192 $ 238,570,003 $ - Construction and land development - - - - 23,971,982 23,971,982 - Residential 11,625 - 44,254 55,879 60,259,630 60,315,509 44,254 Commercial - - - - 21,238,222 21,238,222 - Consumer - - - - 467,592 467,592 - Total $ 11,625 $ - $ 1,723,065 $ 1,734,690 $ 342,828,618 $ 344,563,308 $ 44,254 December 31, 2017 Real estate: Commercial $ - $ - $ 2,245,743 $ 2,245,743 $ 231,780,831 $ 234,026,574 $ - Construction and land development - - - - 18,160,366 18,160,366 - Residential - - 146,459 146,459 59,094,957 59,241,416 146,459 Commercial - - - - 23,613,543 23,613,543 - Consumer - - - - 554,017 554,017 - Total $ - $ - $ 2,392,202 $ 2,392,202 $ 333,203,714 $ 335,595,916 $ 146,459 Impaired loans, segregated by class of loans, are set forth in the following table: Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Interest Balance Allowance Allowance Investment Allowance Investment Recognized September 30, 2018 Real estate: Commercial real estate $ 3,825,462 $ 2,146,651 $ 1,678,811 $ 3,825,462 $ 210,686 $ 4,504,322 $ 86,727 Residential real estate 44,254 44,254 - 44,254 - 22,127 1,724 $ 3,869,716 $ 2,190,905 $ 1,678,811 $ 3,869,716 $ 210,686 $ 4,526,449 $ 88,451 December 31, 2017 Commercial real estate $ 5,458,182 $ 2,937,439 $ 2,245,743 $ 5,183,182 $ 127,213 $ 2,591,591 $ 268,652 Impaired loans also include certain loans that have been modified in troubled debt restructurings (“TDRs”) where economic concessions have been granted to borrowers who have experienced or are expected to experience financial difficulties. These concessions typically result from the Company’s loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance, or other actions. Certain TDRs are classified as nonperforming at the time of restructure and may six At September 30, 2018, one $2,146,651 At December 31, 2017, three $2,937,439 $774,274 2017 June 30, 2018. no three As part of our portfolio risk management, the Company assigns a risk grade to each loan. The factors used to determine the grade are the payment history of the loan and the borrower, the value of the collateral and net worth of the guarantor, and cash flow projections of the borrower. Excellent, Above Average, Average and Acceptable grades are assigned to loans with limited or no A description of the general characteristics of loans characterized as watch list or classified is as follows: Pass/Watch Loans graded as Pass/Watch are secured by generally acceptable assets which reflect above-average risk. The loans warrant closer scrutiny by management than is routine, due to circumstances affecting the borrower, the borrower’s industry, or the overall economic environment. Borrowers may Special Mention A special mention loan has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may not not Borrowers may may may Substandard A substandard loan is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans 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 Borrowers may Doubtful A doubtful loan has all the weaknesses inherent as a substandard loan 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. Loans by credit grade, segregated by loan type, are as follows: September 30, 2018 Excellent Above average Average Acceptable Pass watch Special mention Substandard Doubtful Total Real estate: Commercial $ - $ 4,310,627 $ 106,444,516 $ 101,482,395 $ 16,831,595 $ - $ 9,500,870 $ - $ 238,570,003 Construction and land development - 515,505 7,120,165 11,844,437 4,491,875 - - - 23,971,982 Residential 32,508 1,293,553 30,008,724 24,152,626 2,014,939 - 2,813,159 - 60,315,509 Commercial 404,743 26,140 9,714,023 9,213,255 1,880,061 - - - 21,238,222 Consumer - 88,048 290,655 66,739 - - 1,740 20,410 467,592 $ 437,251 $ 6,233,873 $ 153,578,083 $ 146,759,452 $ 25,218,470 $ - $ 12,315,769 $ 20,410 $ 344,563,308 December 31, 2017 Excellent Above average Average Acceptable Pass watch Special mention Substandard Doubtful Total Real estate: Commercial $ - $ 6,115,925 $ 127,639,361 $ 79,619,726 $ 9,041,882 $ 5,391,589 $ 3,972,348 $ 2,245,743 $ 234,026,574 Construction and land development - 173,633 9,288,372 4,978,964 3,719,397 - - - 18,160,366 Residential 53,948 1,260,128 35,254,016 18,659,174 3,363,570 - 650,580 - 59,241,416 Commercial 1,581,878 121,919 16,225,350 5,545,562 138,834 - - - 23,613,543 Consumer 5,210 96,484 351,093 70,171 - - 2,640 28,419 554,017 $ 1,641,036 $ 7,768,089 $ 188,758,192 $ 108,873,597 $ 16,263,683 $ 5,391,589 $ 4,625,568 $ 2,274,162 $ 335,595,916 The Company’s allowance for loan losses is based on management’s evaluation of the risks inherent in the Company’s loan portfolio and the general economy. The allowance for loan may The following table details activity in the allowance for loan losses by portfolio for the nine September 30, 2018 2017, December 31, 2017. one not Allowance for loan losses Outstanding loan Provision ending balance evaluated balances evaluated September 30, Beginning for loan Charge Ending for impairment: for impairment: 2018 balance losses offs Recoveries balance Individually Collectively Individually Collectively Real estate: Commercial $ 1,867,397 $ (252,948 ) $ - $ 202,660 $ 1,817,109 $ 210,686 $ 1,606,423 $ 3,825,462 $ 234,744,541 Construction and land development 223,274 99,933 (22,116 ) 1,462 302,553 - 302,553 - 23,971,982 Residential 247,953 143,681 - - 391,634 - 391,634 44,254 60,271,255 Commercial 87,353 1,539 - 6,667 95,559 - 95,559 - 21,238,222 Consumer 7,027 (1,523 ) - - 5,504 - 5,504 - 467,592 Unallocated 25,907 34,318 - - 60,225 - 60,225 - - $ 2,458,911 $ 25,000 $ (22,116 ) $ 210,789 $ 2,672,584 $ 210,686 $ 2,461,898 $ 3,869,716 $ 340,693,592 Allowance for loan losses Outstanding loan Provision ending balance evaluated balances evaluated September 30, Beginning for loan Charge Ending for impairment: for impairment: 2017 balance losses offs Recoveries balance Individually Collectively Individually Collectively Real estate: Commercial $ 1,717,749 $ 367,069 $ - $ 3,280 $ 2,088,098 $ 535,425 $ 1,552,673 $ 5,467,307 $ 223,963,470 Construction and land development 204,860 70,910 - - 275,770 84,024 191,746 228,487 15,826,463 Residential 247,437 (6,779 ) - 148 240,806 - 240,806 - 58,240,824 Commercial 125,260 (48,493 ) - - 76,767 - 76,767 135,971 18,728,030 Consumer 8,826 (1,653 ) - - 7,173 - 7,173 - 555,671 Unallocated 58,954 (31,054 ) - - 27,900 - 27,900 - - $ 2,363,086 $ 350,000 $ - $ 3,428 $ 2,716,514 $ 619,449 $ 2,097,065 $ 5,831,765 $ 317,314,458 Allowance for loan losses Outstanding loan Provision ending balance evaluated balances evaluated December 31, Beginning for loan Charge Ending for impairment: for impairment: 2017 balance losses offs Recoveries balance Individually Collectively Individually Collectively Real estate: Commercial $ 1,717,749 $ 419,868 $ (275,000 ) $ 4,780 $ 1,867,397 $ 127,213 $ 1,740,184 $ 5,183,182 $ 228,843,392 Construction and land development 204,860 65,850 (47,436 ) - 223,274 - 223,274 - 18,160,366 Residential 247,437 368 - 148 247,953 - 247,953 - 59,241,416 Commercial 125,260 (41,240 ) - 3,333 87,353 - 87,353 - 23,613,543 Consumer 8,826 (1,799 ) - - 7,027 - 7,027 - 554,017 Unallocated 58,954 (33,047 ) - - 25,907 - 25,907 - - $ 2,363,086 $ 410,000 $ (322,436 ) $ 8,261 $ 2,458,911 $ 127,213 $ 2,331,698 $ 5,183,182 $ 330,412,734

Note 5 - Capital Standards

Note 5 - Capital Standards	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	5. Capital Standards The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possible additional, discretionary actions by the regulators that, if undertaken, could have a direct material effect on our financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, we must meet specific capital guidelines that involve quantitative measures of our assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. Our capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. The Basel III Capital Rules became effective for the Bank on January 1, 2015 1 1 1 In connection with the adoption of the Basel III Capital Rules, the Bank elected to opt-out of the requirement to include accumulated other comprehensive income in Common Equity Tier 1 1 Under the revised prompt corrective action requirements, as of January 1, 2015, 1 6.5%; 1 8%; 10%; 1 5%. The implementation of the capital conservation buffer began on January 1, 2016, 0.625% four January 1, 2.5% January 1, 2019 not September 30, 2018, The aforementioned capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a ratio of Common Equity Tier 1 The following table presents actual and required capital ratios as of September 30, 2018 December 31, 2017, September 30, 2018 December 31, 2017 Minimum Capital Adequacy To Be Well (Dollars in thousands) Actual Phase-In Schedule Capitalized September 30, 2018 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) $ 46,543 13.01 % $ 35,325 9.88 % $ 35,772 10.00 % Tier 1 capital (to risk-weighted assets) 43,870 12.26 % 28,170 7.88 % 28,618 8.00 % Common equity tier 1 (to risk- weighted assets) 43,870 12.26 % 22,805 6.38 % 23,252 6.50 % Tier 1 leverage (to average assets) 43,870 10.56 % 16,615 4.00 % 20,769 5.00 % Minimum Capital Adequacy To Be Well (Dollars in thousands) Actual Phase-In Schedule Capitalized December 31, 2017 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) $ 44,039 12.54 % $ 32,477 9.25 % $ 35,110 10.00 % Tier 1 capital (to risk-weighted assets) 41,580 11.84 % 25,455 7.25 % 28,088 8.00 % Common equity tier 1 (to risk- weighted assets) 41,580 11.84 % 20,188 5.75 % 22,822 6.50 % Tier 1 leverage (to average assets) 41,580 10.31 % 16,135 4.00 % 20,169 5.00 % Capital ratios of the Company are substantially the same as the Bank’s. As of September 30, 2018, no The FDIC, through formal or informal agreement, has the authority to require an institution to maintain higher capital ratios than those provided by statute, to be categorized as well capitalized under the regulatory framework for prompt corrective action.

Note 6 - Fair Value

Note 6 - Fair Value	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Fair Value Disclosures [Text Block]	6. Fair Value Accounting standards define fair value as the price that would be received upon the sale of an asset or paid upon the transfer of a liability in an orderly transaction between market participants. The price in the principal market used to measure the fair value of the asset or liability is not The standards require the use of valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. The standards establish a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: ● Level 1: ● Level 2: 1 not ● Level 3: The Company uses the following methods and significant assumptions to estimate the fair values of the following assets: ● Securities available for sale: The fair values of securities available for sale are determined by obtaining quoted prices from a nationally recognized securities pricing agent. If quoted market prices are not ● Equity security at fair value: The Company’s investment in an equity mutual fund is valued based on the net asset value of the fund, which is classified as Level 1. ● Other real estate owned (“OREO”): Nonrecurring fair value adjustments to OREO reflect full or partial write-downs that are based on the OREO’s observable market price or current appraised value of the real estate. Since the market for OREO is not 3. third 10% ● Impaired loans: Nonrecurring fair value adjustments to impaired loans reflect full or partial write-downs and reserves that are based on the impaired loan’s observable market price or current appraised value of the collateral. Since the market for impaired loans is not 3. third 10% The following table summarizes financial assets measured at fair value on a recurring and nonrecurring basis as of September 30, 2018 December 31, 2017, Carrying Value: Level 1 Level 2 Level 3 Total September 30, 2018 Recurring Available for sale securities State and municipal $ - $ 1,510,479 $ - $ 1,510,479 SBA pools - 2,811,526 - 2,811,526 Mortgage-backed securities - 19,087,435 - 19,087,435 $ - $ 23,409,440 $ - $ 23,409,440 Equity security at fair value Mutual fund $ 496,916 $ - $ - $ 496,916 Nonrecurring Other real estate owned $ - $ - $ 210,150 $ 210,150 Impaired loans - - 3,659,030 3,659,030 December 31, 2017 Recurring Available for sale securities State and municipal $ - $ 1,539,207 $ - $ 1,539,207 SBA pools - 3,199,846 - 3,199,846 Mortgage-backed securities - 23,190,457 - 23,190,457 $ - $ 27,929,510 $ - $ 27,929,510 Equity security at fair value Mutual fund $ 503,881 $ - $ - $ 503,881 Nonrecurring Other real estate owned $ - $ - $ 265,500 $ 265,500 Impaired loans - - 5,055,969 5,055,969 The estimated fair value of financial instruments that are reported at amortized cost in the Company’s consolidated balance sheets, segregated by the level of the valuation inputs were as follows: September 30, 2018 December 31, 2017 Carrying Estimated Carrying Estimated Amount Fair Value Amount Fair Value Financial assets Level 1 inputs Cash and cash equivalents $ 12,618,694 $ 12,618,694 $ 7,237,385 $ 7,237,385 Level 2 inputs Securities held to maturity 18,119,599 17,833,780 18,204,182 18,307,627 Mortgage loans held for sale 150,000 152,015 327,700 332,558 Federal Home Loan Bank stock 575,800 575,800 1,063,600 1,063,600 Level 3 inputs Loans, net 341,327,272 336,778,883 332,533,706 332,689,848 Financial liabilities Level 1 inputs Noninterest-bearing deposits $ 59,561,564 $ 59,561,564 $ 64,403,133 $ 64,403,133 Securities sold under repurchase agreements 12,163,423 12,163,423 21,768,507 21,768,507 Level 2 inputs Interest-bearing deposits 289,952,691 276,632,691 255,393,291 244,403,281 Federal Home Loan Bank advances 3,000,000 2,961,000 17,000,000 16,957,000 The fair value of mortgage loans held for sale is determined by the expected sales price. Beginning in the first 2018, 2016 01, first 2018. 3 December 31, 2017 September 30, 2018 December 31, 2017 not The fair values of noninterest and interest-bearing checking, savings, and money market deposit accounts are equal to their carrying amounts. The fair values of fixed-maturity time deposits are estimated based on interest rates currently offered for deposits of similar remaining maturities. The fair value of credit commitments are considered to be the same as the contractual amounts, and are not

Note 7 - Earnings Per Share

Note 7 - Earnings Per Share	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Earnings Per Share [Text Block]	7. Basic earnings per share is determined by dividing net income available to stockholders by the weighted-average number of shares of common stock outstanding during the period and does not nine three September 30, 2018 2017. no September 30, 2018 2017. Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Net income $ 1,308,688 $ 1,014,456 $ 3,575,871 $ 3,132,902 Weighted average shares outstanding 1,675,200 1,659,295 1,670,344 1,657,369 Earnings per share - basic and diluted $ 0.78 $ 0.61 $ 2.14 $ 1.89

Note 8 - Retirement Plans

Note 8 - Retirement Plans	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	8. The Company has a profit sharing plan qualifying under Section 401 21 six 4% may 100% $45,130 $133,118 three nine September 30, 2018, $41,013 $120,759 three nine September 30, 2017, The Company has entered into agreements with 12 $1,418 $4,255 three nine September 30, 2018, $1,307 $3,921 three nine September 30, 2017, In 2010 2015, three $60,457 $180,457 three nine September 30, 2018, $63,600 $190,800 three nine September 30, 2017, Retirement plan expenses are included in employee benefits on the consolidated statements of income.

Note 9 - Subsequent Events

Note 9 - Subsequent Events	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Subsequent Events [Text Block]	9. The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the consolidated financial statements were issued. No

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In January 2016, 2016 01, 825 10 2016 01, December 15, 2017, not 2016 01, January 1, 2018, $ 10,416 December 31, 2017. In February 2016, No. 2016 02, 841 2016 02 606, December 15, 2018, not may not 2016 02’s $1,500,000. In June 2016, 2016 13, December 15, 2019, In March 2017, 2017 08, 310 20 2017 08 not 2017 08 December 15, 2018 not

Note 3 - Investment Securities

Note 3 - Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2018
Notes Tables
Marketable Securities [Table Text Block]	Amortized Unrealized Unrealized Fair September 30, 2018 cost gains losses value Available for sale State and municipal $ 1,507,082 $ 15,605 $ 12,208 $ 1,510,479 SBA pools 2,876,626 - 65,100 2,811,526 Mortgage-backed securities 20,090,040 - 1,002,605 19,087,435 $ 24,473,748 $ 15,605 $ 1,079,913 $ 23,409,440 Held to maturity State and municipal $ 18,119,599 $ 86,106 $ 371,925 $ 17,833,780 Amortized Unrealized Unrealized Fair December 31, 2017 cost gains losses value Available for sale State and municipal $ 1,510,848 $ 38,494 $ 10,135 $ 1,539,207 SBA pools 3,212,771 75 13,000 3,199,846 Mortgage-backed securities 23,735,332 8,787 553,662 23,190,457 $ 28,458,951 $ 47,356 $ 576,797 $ 27,929,510 Held to maturity State and municipal $ 18,204,182 $ 225,349 $ 121,904 $ 18,307,627
Investments Classified by Contractual Maturity Date [Table Text Block]	Available for Sale Held to Maturity Amortized Fair Amortized Fair September 30, 2018 cost value cost value Within one year $ - $ - $ 1,014,723 $ 1,015,798 Over one to five years 261,200 248,992 591,356 599,648 Over five to ten years 870,575 884,072 1,857,648 1,864,639 Over ten years 375,307 377,415 14,655,872 14,353,695 1,507,082 1,510,479 18,119,599 17,833,780 Mortgage-backed securities and SBA pools, due in monthly installments 22,966,666 21,898,961 - - $ 24,473,748 $ 23,409,440 $ 18,119,599 $ 17,833,780 December 31, 2017 Within one year $ - $ - $ 165,677 $ 168,260 Over one to five years - - 780,336 794,512 Over five to ten years 1,133,940 1,150,564 1,792,019 1,831,833 Over ten years 376,908 388,643 15,466,150 15,513,022 1,510,848 1,539,207 18,204,182 18,307,627 Mortgage-backed securities and SBA pools, due in monthly installments 26,948,103 26,390,303 - - $ 28,458,951 $ 27,929,510 $ 18,204,182 $ 18,307,627
Schedule of Unrealized Loss on Investments [Table Text Block]	September 30, 2018 Less than 12 months 12 months or more Total Description of investments Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss State and municipal $ 6,087,478 $ 133,243 $ 2,848,929 $ 250,890 $ 8,936,407 $ 384,133 SBA pools 459,312 7,292 2,328,482 57,808 2,787,794 65,100 Mortgage-backed securities 1,745,320 70,100 17,342,115 932,505 19,087,435 1,002,605 Total $ 8,292,110 $ 210,635 $ 22,519,526 $ 1,241,203 $ 30,811,636 $ 1,451,838 December 31, 2017 Less than 12 months 12 months or more Total Description of investments Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses State and municipal $ 812,630 $ 1,519 $ 3,444,443 $ 130,520 $ 4,257,073 $ 132,039 SBA pools 551,780 1,903 2,109,832 11,097 2,661,612 13,000 Mortgage-backed securities 2,871,597 41,413 19,571,511 512,249 22,443,108 553,662 Total $ 4,236,007 $ 44,835 $ 25,125,786 $ 653,866 $ 29,361,793 $ 698,701

Note 4 - Loans (Tables)

Note 4 - Loans (Tables)	9 Months Ended
	Sep. 30, 2018
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 30, December 31, 2018 2017 Real estate: Commercial $ 238,570,003 $ 234,026,574 Construction and land development 23,971,982 18,160,366 Residential 60,315,509 59,241,416 Commercial 21,238,222 23,613,543 Consumer 467,592 554,017 344,563,308 335,595,916 Less: Allowance for loan losses 2,672,584 2,458,911 Deferred origination fees net of costs 563,452 603,299 $ 341,327,272 $ 332,533,706
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	September 30, December 31, 2018 2017 Commercial real estate $ 1,678,811 $ 2,245,743
Past Due Financing Receivables [Table Text Block]	90 Days Past Due 90 30 - 59 Days 60 - 89 Days or More Total Total Days or More Past Due Past Due Past Due Past Due Current Loans and Accruing September 30, 2018 Real estate: Commercial $ - $ - $ 1,678,811 $ 1,678,811 $ 236,891,192 $ 238,570,003 $ - Construction and land development - - - - 23,971,982 23,971,982 - Residential 11,625 - 44,254 55,879 60,259,630 60,315,509 44,254 Commercial - - - - 21,238,222 21,238,222 - Consumer - - - - 467,592 467,592 - Total $ 11,625 $ - $ 1,723,065 $ 1,734,690 $ 342,828,618 $ 344,563,308 $ 44,254 December 31, 2017 Real estate: Commercial $ - $ - $ 2,245,743 $ 2,245,743 $ 231,780,831 $ 234,026,574 $ - Construction and land development - - - - 18,160,366 18,160,366 - Residential - - 146,459 146,459 59,094,957 59,241,416 146,459 Commercial - - - - 23,613,543 23,613,543 - Consumer - - - - 554,017 554,017 - Total $ - $ - $ 2,392,202 $ 2,392,202 $ 333,203,714 $ 335,595,916 $ 146,459
Impaired Financing Receivables [Table Text Block]	Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Interest Balance Allowance Allowance Investment Allowance Investment Recognized September 30, 2018 Real estate: Commercial real estate $ 3,825,462 $ 2,146,651 $ 1,678,811 $ 3,825,462 $ 210,686 $ 4,504,322 $ 86,727 Residential real estate 44,254 44,254 - 44,254 - 22,127 1,724 $ 3,869,716 $ 2,190,905 $ 1,678,811 $ 3,869,716 $ 210,686 $ 4,526,449 $ 88,451 December 31, 2017 Commercial real estate $ 5,458,182 $ 2,937,439 $ 2,245,743 $ 5,183,182 $ 127,213 $ 2,591,591 $ 268,652
Financing Receivable Credit Quality Indicators [Table Text Block]	September 30, 2018 Excellent Above average Average Acceptable Pass watch Special mention Substandard Doubtful Total Real estate: Commercial $ - $ 4,310,627 $ 106,444,516 $ 101,482,395 $ 16,831,595 $ - $ 9,500,870 $ - $ 238,570,003 Construction and land development - 515,505 7,120,165 11,844,437 4,491,875 - - - 23,971,982 Residential 32,508 1,293,553 30,008,724 24,152,626 2,014,939 - 2,813,159 - 60,315,509 Commercial 404,743 26,140 9,714,023 9,213,255 1,880,061 - - - 21,238,222 Consumer - 88,048 290,655 66,739 - - 1,740 20,410 467,592 $ 437,251 $ 6,233,873 $ 153,578,083 $ 146,759,452 $ 25,218,470 $ - $ 12,315,769 $ 20,410 $ 344,563,308 December 31, 2017 Excellent Above average Average Acceptable Pass watch Special mention Substandard Doubtful Total Real estate: Commercial $ - $ 6,115,925 $ 127,639,361 $ 79,619,726 $ 9,041,882 $ 5,391,589 $ 3,972,348 $ 2,245,743 $ 234,026,574 Construction and land development - 173,633 9,288,372 4,978,964 3,719,397 - - - 18,160,366 Residential 53,948 1,260,128 35,254,016 18,659,174 3,363,570 - 650,580 - 59,241,416 Commercial 1,581,878 121,919 16,225,350 5,545,562 138,834 - - - 23,613,543 Consumer 5,210 96,484 351,093 70,171 - - 2,640 28,419 554,017 $ 1,641,036 $ 7,768,089 $ 188,758,192 $ 108,873,597 $ 16,263,683 $ 5,391,589 $ 4,625,568 $ 2,274,162 $ 335,595,916
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Allowance for loan losses Outstanding loan Provision ending balance evaluated balances evaluated September 30, Beginning for loan Charge Ending for impairment: for impairment: 2018 balance losses offs Recoveries balance Individually Collectively Individually Collectively Real estate: Commercial $ 1,867,397 $ (252,948 ) $ - $ 202,660 $ 1,817,109 $ 210,686 $ 1,606,423 $ 3,825,462 $ 234,744,541 Construction and land development 223,274 99,933 (22,116 ) 1,462 302,553 - 302,553 - 23,971,982 Residential 247,953 143,681 - - 391,634 - 391,634 44,254 60,271,255 Commercial 87,353 1,539 - 6,667 95,559 - 95,559 - 21,238,222 Consumer 7,027 (1,523 ) - - 5,504 - 5,504 - 467,592 Unallocated 25,907 34,318 - - 60,225 - 60,225 - - $ 2,458,911 $ 25,000 $ (22,116 ) $ 210,789 $ 2,672,584 $ 210,686 $ 2,461,898 $ 3,869,716 $ 340,693,592 Allowance for loan losses Outstanding loan Provision ending balance evaluated balances evaluated September 30, Beginning for loan Charge Ending for impairment: for impairment: 2017 balance losses offs Recoveries balance Individually Collectively Individually Collectively Real estate: Commercial $ 1,717,749 $ 367,069 $ - $ 3,280 $ 2,088,098 $ 535,425 $ 1,552,673 $ 5,467,307 $ 223,963,470 Construction and land development 204,860 70,910 - - 275,770 84,024 191,746 228,487 15,826,463 Residential 247,437 (6,779 ) - 148 240,806 - 240,806 - 58,240,824 Commercial 125,260 (48,493 ) - - 76,767 - 76,767 135,971 18,728,030 Consumer 8,826 (1,653 ) - - 7,173 - 7,173 - 555,671 Unallocated 58,954 (31,054 ) - - 27,900 - 27,900 - - $ 2,363,086 $ 350,000 $ - $ 3,428 $ 2,716,514 $ 619,449 $ 2,097,065 $ 5,831,765 $ 317,314,458 Allowance for loan losses Outstanding loan Provision ending balance evaluated balances evaluated December 31, Beginning for loan Charge Ending for impairment: for impairment: 2017 balance losses offs Recoveries balance Individually Collectively Individually Collectively Real estate: Commercial $ 1,717,749 $ 419,868 $ (275,000 ) $ 4,780 $ 1,867,397 $ 127,213 $ 1,740,184 $ 5,183,182 $ 228,843,392 Construction and land development 204,860 65,850 (47,436 ) - 223,274 - 223,274 - 18,160,366 Residential 247,437 368 - 148 247,953 - 247,953 - 59,241,416 Commercial 125,260 (41,240 ) - 3,333 87,353 - 87,353 - 23,613,543 Consumer 8,826 (1,799 ) - - 7,027 - 7,027 - 554,017 Unallocated 58,954 (33,047 ) - - 25,907 - 25,907 - - $ 2,363,086 $ 410,000 $ (322,436 ) $ 8,261 $ 2,458,911 $ 127,213 $ 2,331,698 $ 5,183,182 $ 330,412,734

Note 5 - Capital Standards (Tab

Note 5 - Capital Standards (Tables)	9 Months Ended
	Sep. 30, 2018
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	Minimum Capital Adequacy To Be Well (Dollars in thousands) Actual Phase-In Schedule Capitalized September 30, 2018 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) $ 46,543 13.01 % $ 35,325 9.88 % $ 35,772 10.00 % Tier 1 capital (to risk-weighted assets) 43,870 12.26 % 28,170 7.88 % 28,618 8.00 % Common equity tier 1 (to risk- weighted assets) 43,870 12.26 % 22,805 6.38 % 23,252 6.50 % Tier 1 leverage (to average assets) 43,870 10.56 % 16,615 4.00 % 20,769 5.00 % Minimum Capital Adequacy To Be Well (Dollars in thousands) Actual Phase-In Schedule Capitalized December 31, 2017 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) $ 44,039 12.54 % $ 32,477 9.25 % $ 35,110 10.00 % Tier 1 capital (to risk-weighted assets) 41,580 11.84 % 25,455 7.25 % 28,088 8.00 % Common equity tier 1 (to risk- weighted assets) 41,580 11.84 % 20,188 5.75 % 22,822 6.50 % Tier 1 leverage (to average assets) 41,580 10.31 % 16,135 4.00 % 20,169 5.00 %

Note 6 - Fair Value (Tables)

Note 6 - Fair Value (Tables)	9 Months Ended
	Sep. 30, 2018
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Carrying Value: Level 1 Level 2 Level 3 Total September 30, 2018 Recurring Available for sale securities State and municipal $ - $ 1,510,479 $ - $ 1,510,479 SBA pools - 2,811,526 - 2,811,526 Mortgage-backed securities - 19,087,435 - 19,087,435 $ - $ 23,409,440 $ - $ 23,409,440 Equity security at fair value Mutual fund $ 496,916 $ - $ - $ 496,916 Nonrecurring Other real estate owned $ - $ - $ 210,150 $ 210,150 Impaired loans - - 3,659,030 3,659,030 December 31, 2017 Recurring Available for sale securities State and municipal $ - $ 1,539,207 $ - $ 1,539,207 SBA pools - 3,199,846 - 3,199,846 Mortgage-backed securities - 23,190,457 - 23,190,457 $ - $ 27,929,510 $ - $ 27,929,510 Equity security at fair value Mutual fund $ 503,881 $ - $ - $ 503,881 Nonrecurring Other real estate owned $ - $ - $ 265,500 $ 265,500 Impaired loans - - 5,055,969 5,055,969
Fair Value, by Balance Sheet Grouping [Table Text Block]	September 30, 2018 December 31, 2017 Carrying Estimated Carrying Estimated Amount Fair Value Amount Fair Value Financial assets Level 1 inputs Cash and cash equivalents $ 12,618,694 $ 12,618,694 $ 7,237,385 $ 7,237,385 Level 2 inputs Securities held to maturity 18,119,599 17,833,780 18,204,182 18,307,627 Mortgage loans held for sale 150,000 152,015 327,700 332,558 Federal Home Loan Bank stock 575,800 575,800 1,063,600 1,063,600 Level 3 inputs Loans, net 341,327,272 336,778,883 332,533,706 332,689,848 Financial liabilities Level 1 inputs Noninterest-bearing deposits $ 59,561,564 $ 59,561,564 $ 64,403,133 $ 64,403,133 Securities sold under repurchase agreements 12,163,423 12,163,423 21,768,507 21,768,507 Level 2 inputs Interest-bearing deposits 289,952,691 276,632,691 255,393,291 244,403,281 Federal Home Loan Bank advances 3,000,000 2,961,000 17,000,000 16,957,000

Note 7 - Earnings Per Share (Ta

Note 7 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2018
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Net income $ 1,308,688 $ 1,014,456 $ 3,575,871 $ 3,132,902 Weighted average shares outstanding 1,675,200 1,659,295 1,670,344 1,657,369 Earnings per share - basic and diluted $ 0.78 $ 0.61 $ 2.14 $ 1.89

Note 1 - Principles of Consol_2

Note 1 - Principles of Consolidation (Details Textual)	9 Months Ended
	Sep. 30, 2018
First Community Bankers Insurance Co., LLC [Member]
Percentage of Ownership	100.00%

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2018	Jan. 01, 2019
Reclassification due to adoption of ASU No. 2016-01
Accounting Standards Update 2016-02 [Member] | Scenario, Forecast [Member]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets		$ 1,500,000
Retained Earnings [Member]
Reclassification due to adoption of ASU No. 2016-01	(10,416)
Retained Earnings [Member] | Accounting Standards Update 2016-01 [Member]
Reclassification due to adoption of ASU No. 2016-01	(10,416)
AOCI Attributable to Parent [Member]
Reclassification due to adoption of ASU No. 2016-01	10,416
AOCI Attributable to Parent [Member] | Accounting Standards Update 2016-01 [Member]
Reclassification due to adoption of ASU No. 2016-01	$ 10,416

Note 3 - Investment Securitie_2

Note 3 - Investment Securities (Details Textual) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Security Owned and Pledged as Collateral, Fair Value, Total	$ 16,624,704	$ 31,982,381

Note 3 - Investment Securitie_3

Note 3 - Investment Securities - Investments in Debt Securities (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Amortized cost, available for sale	$ 24,473,748	$ 28,458,951
Unrealized gains, available for sale	15,605	47,356
Unrealized losses, available for sale	1,079,913	576,797
Fair value, available for sale	23,409,440	27,929,510
Amortized cost, held to maturity	18,119,599	18,204,182
Fair value, held to maturity	17,833,780	18,307,627
US States and Political Subdivisions Debt Securities [Member]
Amortized cost, available for sale	1,507,082	1,510,848
Unrealized gains, available for sale	15,605	38,494
Unrealized losses, available for sale	12,208	10,135
Fair value, available for sale	1,510,479	1,539,207
Amortized cost, held to maturity	18,119,599	18,204,182
Unrealized gains, held to maturity	86,106	225,349
Unrealized losses, held to maturity	371,925	121,904
Fair value, held to maturity	17,833,780	18,307,627
SBA Pools [Member]
Amortized cost, available for sale	2,876,626	3,212,771
Unrealized gains, available for sale		75
Unrealized losses, available for sale	65,100	13,000
Fair value, available for sale	2,811,526	3,199,846
Collateralized Mortgage Backed Securities [Member]
Amortized cost, available for sale	20,090,040	23,735,332
Unrealized gains, available for sale		8,787
Unrealized losses, available for sale	1,002,605	553,662
Fair value, available for sale	$ 19,087,435	$ 23,190,457

Note 3 - Investment Securitie_4

Note 3 - Investment Securities - Contractual Maturities (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Available for sale, within one year, amortized cost
Available for sale, within one year, fair value
Held to maturity, within one year, amortized cost	1,014,723	165,677
Held to maturity, within one year, fair value	1,015,798	168,260
Available for sale, over one to five years, amortized cost	261,200
Available for sale, over one to five years, fair value	248,992
Held to maturity, over one to five years, amortized cost	591,356	780,336
Held to maturity, over one to five years, fair value	599,648	794,512
Available for sale, over five to ten years, amortized cost	870,575	1,133,940
Available for sale, over five to ten years, fair value	884,072	1,150,564
Held to maturity, over five to ten years, amortized cost	1,857,648	1,792,019
Held to maturity, over five to ten years, fair value	1,864,639	1,831,833
Available for sale, over ten years, amortized cost	375,307	376,908
Available for sale, over ten years, fair value	377,415	388,643
Held to maturity, over ten years, amortized cost	14,655,872	15,466,150
Held to maturity, over ten years, fair value	14,353,695	15,513,022
Available for sale, single maturity date, amortized cost	1,507,082	1,510,848
Available for sale, single maturity date, fari value	1,510,479	1,539,207
Held to maturity, single maturity date, amortized cost	18,119,599	18,204,182
Held to maturity, single maturity date, fair value	17,833,780	18,307,627
Available for sale, mortgage-backed securities and SBA pools, due in monthly installments, amortized cost	22,966,666	26,948,103
Available for sale, mortgage-backed securities and SBA pools, due in monthly installments, fair value	21,898,961	26,390,303
Held ot maturity, mortgage-backed securities and SBA pools, due in monthly installments, amortized cost
Held ot maturity, mortgage-backed securities and SBA pools, due in monthly installments, fair value
Available for sale, amortized cost	24,473,748	28,458,951
Available for sale, fair value	23,409,440	27,929,510
Held to maturity, amortized cost	18,119,599	18,204,182
Held to maturity, fair value	$ 17,833,780	$ 18,307,627

Note 3 - Investment Securitie_5

Note 3 - Investment Securities - Gross Unrealized Losses on Continuous Basis for Investments in Debt Securities (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Less than 12 months Fair Value	$ 8,292,110	$ 4,236,007
Less than 12 months Unrealized Loss	210,635	44,835
12 months or more Fair Value	22,519,526	25,125,786
12 months or more Unrealized Loss	1,241,203	653,866
Total Fair Value	30,811,636	29,361,793
Total Unrealized Loss	1,451,838	698,701
US States and Political Subdivisions Debt Securities [Member]
Less than 12 months Fair Value	6,087,478	812,630
Less than 12 months Unrealized Loss	133,243	1,519
12 months or more Fair Value	2,848,929	3,444,443
12 months or more Unrealized Loss	250,890	130,520
Total Fair Value	8,936,407	4,257,073
Total Unrealized Loss	384,133	132,039
SBA Pools [Member]
Less than 12 months Fair Value	459,312	551,780
Less than 12 months Unrealized Loss	7,292	1,903
12 months or more Fair Value	2,328,482	2,109,832
12 months or more Unrealized Loss	57,808	11,097
Total Fair Value	2,787,794	2,661,612
Total Unrealized Loss	65,100	13,000
Collateralized Mortgage Backed Securities [Member]
Less than 12 months Fair Value	1,745,320	2,871,597
Less than 12 months Unrealized Loss	70,100	41,413
12 months or more Fair Value	17,342,115	19,571,511
12 months or more Unrealized Loss	932,505	512,249
Total Fair Value	19,087,435	22,443,108
Total Unrealized Loss	$ 1,002,605	$ 553,662

Note 4 - Loans (Details Textual

Note 4 - Loans (Details Textual)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Impaired Financing Receivable, Related Allowance	$ 210,686		$ 210,686
Financing Receivable, Allowance for Credit Losses, Recovery			210,789	$ 3,428	$ 8,261
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 2,190,905		$ 2,190,905
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Number of Loans, Nonaccrual Status	2		2		1
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 1,678,811		$ 1,678,811		$ 2,245,743
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans			35,467		82,070
Impaired Financing Receivable, Related Allowance	210,686		210,686		127,213
Allowance for Loan and Lease Losses Write-offs, Net, Total					275,000
Financing Receivable, Allowance for Credit Losses, Recovery	$ 46,660	$ 151,000	$ 202,660	$ 3,280	$ 4,780
Number of Loans Classified as TDR	1		1		3
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 2,146,651		$ 2,146,651		$ 2,937,439
Financing Receivable, Modifications, Recorded Investment					$ 774,274
Financing Receivable, Modifications, Number of Contracts					2

Note 4 - Loans - Major Categori

Note 4 - Loans - Major Categories of Loans (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Loans	$ 344,563,308	$ 335,595,916
Allowance for loan losses	2,672,584	2,458,911
Deferred origination fees net of costs	563,452	603,299
	341,327,272	332,533,706
Commercial Real Estate Portfolio Segment [Member]
Loans	238,570,003	234,026,574
Construction and Land Development [Member]
Loans	23,971,982	18,160,366
Residential Portfolio Segment [Member]
Loans	60,315,509	59,241,416
Commercial Portfolio Segment [Member]
Loans	21,238,222	23,613,543
Consumer Portfolio Segment [Member]
Loans	$ 467,592	$ 554,017

Note 4 - Loans - Non-accrual Lo

Note 4 - Loans - Non-accrual Loans (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Commercial Real Estate Portfolio Segment [Member]
Non-accrual loans	$ 1,678,811	$ 2,245,743

Note 4 - Loans - Past Due Loans

Note 4 - Loans - Past Due Loans (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Loans, past due	$ 1,734,690	$ 2,392,202
Loans, current	342,828,618	333,203,714
Loans	344,563,308	335,595,916
Loans, 90 days past due and still accruing	44,254	146,459
Financing Receivables, 30 to 59 Days Past Due [Member]
Loans, past due	11,625
Financing Receivables, 60 to 89 Days Past Due [Member]
Loans, past due
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans, past due	1,723,065	2,392,202
Commercial Real Estate Portfolio Segment [Member]
Loans, past due	1,678,811	2,245,743
Loans, current	236,891,192	231,780,831
Loans	238,570,003	234,026,574
Loans, 90 days past due and still accruing
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans, past due
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans, past due
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans, past due	1,678,811	2,245,743
Construction and Land Development [Member]
Loans, past due
Loans, current	23,971,982	18,160,366
Loans	23,971,982	18,160,366
Loans, 90 days past due and still accruing
Construction and Land Development [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans, past due
Construction and Land Development [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans, past due
Construction and Land Development [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans, past due
Residential Portfolio Segment [Member]
Loans, past due	55,879	146,459
Loans, current	60,259,630	59,094,957
Loans	60,315,509	59,241,416
Loans, 90 days past due and still accruing	44,254	146,459
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans, past due	11,625
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans, past due
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans, past due	44,254	146,459
Commercial Portfolio Segment [Member]
Loans, past due
Loans, current	21,238,222	23,613,543
Loans	21,238,222	23,613,543
Loans, 90 days past due and still accruing
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans, past due
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans, past due
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans, past due
Consumer Portfolio Segment [Member]
Loans, past due
Loans, current	467,592	554,017
Loans	467,592	554,017
Loans, 90 days past due and still accruing
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans, past due
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans, past due
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans, past due

Note 4 - Loans - Impaired Loans

Note 4 - Loans - Impaired Loans (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Unpaid Contractual Principal Balance	$ 3,869,716
Recorded Investment With No Allowance	2,190,905
Recorded Investment With Allowance	1,678,811
Total Recorded Investment	3,869,716
Related Allowance	210,686
Average Recorded Investment	4,526,449
Interest Recognized	88,451
Commercial Real Estate Portfolio Segment [Member]
Unpaid Contractual Principal Balance	3,825,462	$ 5,458,182
Recorded Investment With No Allowance	2,146,651	2,937,439
Recorded Investment With Allowance	1,678,811	2,245,743
Total Recorded Investment	3,825,462	5,183,182
Related Allowance	210,686	127,213
Average Recorded Investment	4,504,322	2,591,591
Interest Recognized	86,727	$ 268,652
Residential Portfolio Segment [Member]
Unpaid Contractual Principal Balance	44,254
Recorded Investment With No Allowance	44,254
Recorded Investment With Allowance
Total Recorded Investment	44,254
Related Allowance
Average Recorded Investment	22,127
Interest Recognized	$ 1,724

Note 4 - Loans - Loans by Credi

Note 4 - Loans - Loans by Credit Grade (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Loans	$ 344,563,308	$ 335,595,916
Excellent [Member]
Loans	437,251	1,641,036
Above Average [Member]
Loans	6,233,873	7,768,089
Average [Member]
Loans	153,578,083	188,758,192
Acceptable [Member]
Loans	146,759,452	108,873,597
Pass [Member]
Loans	25,218,470	16,263,683
Special Mention [Member]
Loans		5,391,589
Substandard [Member]
Loans	12,315,769	4,625,568
Doubtful [Member]
Loans	20,410	2,274,162
Commercial Real Estate Portfolio Segment [Member]
Loans	238,570,003	234,026,574
Commercial Real Estate Portfolio Segment [Member] | Excellent [Member]
Loans
Commercial Real Estate Portfolio Segment [Member] | Above Average [Member]
Loans	4,310,627	6,115,925
Commercial Real Estate Portfolio Segment [Member] | Average [Member]
Loans	106,444,516	127,639,361
Commercial Real Estate Portfolio Segment [Member] | Acceptable [Member]
Loans	101,482,395	79,619,726
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Loans	16,831,595	9,041,882
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Loans		5,391,589
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Loans	9,500,870	3,972,348
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Loans		2,245,743
Construction and Land Development [Member]
Loans	23,971,982	18,160,366
Construction and Land Development [Member] | Excellent [Member]
Loans
Construction and Land Development [Member] | Above Average [Member]
Loans	515,505	173,633
Construction and Land Development [Member] | Average [Member]
Loans	7,120,165	9,288,372
Construction and Land Development [Member] | Acceptable [Member]
Loans	11,844,437	4,978,964
Construction and Land Development [Member] | Pass [Member]
Loans	4,491,875	3,719,397
Construction and Land Development [Member] | Special Mention [Member]
Loans
Construction and Land Development [Member] | Substandard [Member]
Loans
Construction and Land Development [Member] | Doubtful [Member]
Loans
Residential Portfolio Segment [Member]
Loans	60,315,509	59,241,416
Residential Portfolio Segment [Member] | Excellent [Member]
Loans	32,508	53,948
Residential Portfolio Segment [Member] | Above Average [Member]
Loans	1,293,553	1,260,128
Residential Portfolio Segment [Member] | Average [Member]
Loans	30,008,724	35,254,016
Residential Portfolio Segment [Member] | Acceptable [Member]
Loans	24,152,626	18,659,174
Residential Portfolio Segment [Member] | Pass [Member]
Loans	2,014,939	3,363,570
Residential Portfolio Segment [Member] | Special Mention [Member]
Loans
Residential Portfolio Segment [Member] | Substandard [Member]
Loans	2,813,159	650,580
Residential Portfolio Segment [Member] | Doubtful [Member]
Loans
Commercial Portfolio Segment [Member]
Loans	21,238,222	23,613,543
Commercial Portfolio Segment [Member] | Excellent [Member]
Loans	404,743	1,581,878
Commercial Portfolio Segment [Member] | Above Average [Member]
Loans	26,140	121,919
Commercial Portfolio Segment [Member] | Average [Member]
Loans	9,714,023	16,225,350
Commercial Portfolio Segment [Member] | Acceptable [Member]
Loans	9,213,255	5,545,562
Commercial Portfolio Segment [Member] | Pass [Member]
Loans	1,880,061	138,834
Commercial Portfolio Segment [Member] | Special Mention [Member]
Loans
Commercial Portfolio Segment [Member] | Substandard [Member]
Loans
Commercial Portfolio Segment [Member] | Doubtful [Member]
Loans
Consumer Portfolio Segment [Member]
Loans	467,592	554,017
Consumer Portfolio Segment [Member] | Excellent [Member]
Loans		5,210
Consumer Portfolio Segment [Member] | Above Average [Member]
Loans	88,048	96,484
Consumer Portfolio Segment [Member] | Average [Member]
Loans	290,655	351,093
Consumer Portfolio Segment [Member] | Acceptable [Member]
Loans	66,739	70,171
Consumer Portfolio Segment [Member] | Pass [Member]
Loans
Consumer Portfolio Segment [Member] | Special Mention [Member]
Loans
Consumer Portfolio Segment [Member] | Substandard [Member]
Loans	1,740	2,640
Consumer Portfolio Segment [Member] | Doubtful [Member]
Loans	$ 20,410	$ 28,419

Note 4 - Loans - Allowance for

Note 4 - Loans - Allowance for Loan Losses (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Beginning balance			$ 2,458,911	$ 2,363,086	$ 2,363,086
Provision for loan losses			25,000	350,000	410,000
Charge offs			(22,116)		(322,436)
Recoveries			210,789	3,428	8,261
Ending balance	$ 2,672,584		2,672,584	2,716,514	2,458,911
Allowance for loan losses, individually	210,686		210,686	619,449	127,213
Allowance for loan losses, collectively	2,461,898		2,461,898	2,097,065	2,331,698
Outstanding loan, individually	3,869,716		3,869,716	5,831,765	5,183,182
Outstanding loan, collectively	340,693,592		340,693,592	317,314,458	330,412,734
Commercial Real Estate Portfolio Segment [Member]
Beginning balance			1,867,397	1,717,749	1,717,749
Provision for loan losses			(252,948)	367,069	419,868
Charge offs					(275,000)
Recoveries	46,660	$ 151,000	202,660	3,280	4,780
Ending balance	1,817,109		1,817,109	2,088,098	1,867,397
Allowance for loan losses, individually	210,686		210,686	535,425	127,213
Allowance for loan losses, collectively	1,606,423		1,606,423	1,552,673	1,740,184
Outstanding loan, individually	3,825,462		3,825,462	5,467,307	5,183,182
Outstanding loan, collectively	234,744,541		234,744,541	223,963,470	228,843,392
Construction and Land Development [Member]
Beginning balance			223,274	204,860	204,860
Provision for loan losses			99,933	70,910	65,850
Charge offs			(22,116)		(47,436)
Recoveries			1,462
Ending balance	302,553		302,553	275,770	223,274
Allowance for loan losses, individually				84,024
Allowance for loan losses, collectively	302,553		302,553	191,746	223,274
Outstanding loan, individually				228,487
Outstanding loan, collectively	23,971,982		23,971,982	15,826,463	18,160,366
Residential Portfolio Segment [Member]
Beginning balance			247,953	247,437	247,437
Provision for loan losses			143,681	(6,779)	368
Charge offs
Recoveries				148	148
Ending balance	391,634		391,634	240,806	247,953
Allowance for loan losses, individually
Allowance for loan losses, collectively	391,634		391,634	240,806	247,953
Outstanding loan, individually	44,254		44,254
Outstanding loan, collectively	60,271,255		60,271,255	58,240,824	59,241,416
Commercial Portfolio Segment [Member]
Beginning balance			87,353	125,260	125,260
Provision for loan losses			1,539	(48,493)	(41,240)
Charge offs
Recoveries			6,667		3,333
Ending balance	95,559		95,559	76,767	87,353
Allowance for loan losses, individually
Allowance for loan losses, collectively	95,559		95,559	76,767	87,353
Outstanding loan, individually				135,971
Outstanding loan, collectively	21,238,222		21,238,222	18,728,030	23,613,543
Consumer Portfolio Segment [Member]
Beginning balance			7,027	8,826	8,826
Provision for loan losses			(1,523)	(1,653)	(1,799)
Charge offs
Recoveries
Ending balance	5,504		5,504	7,173	7,027
Allowance for loan losses, individually
Allowance for loan losses, collectively	5,504		5,504	7,173	7,027
Outstanding loan, individually
Outstanding loan, collectively	467,592		467,592	555,671	554,017
Unallocated Financing Receivables [Member]
Beginning balance			25,907	58,954	58,954
Provision for loan losses			34,318	(31,054)	(33,047)
Charge offs
Recoveries
Ending balance	60,225		60,225	27,900	25,907
Allowance for loan losses, individually
Allowance for loan losses, collectively	60,225		60,225	27,900	25,907
Outstanding loan, individually
Outstanding loan, collectively

Note 5 - Capital Standards (Det

Note 5 - Capital Standards (Details Textual)	Sep. 30, 2018	Dec. 31, 2017
Common Equity Tier One Capital Required to be Well Capitalized Ratio	6.50%	6.50%
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	8.00%	8.00%
Capital Required to be Well Capitalized to Risk Weighted Assets	10.00%	10.00%
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	5.00%	5.00%

Note 5 - Capital Standards - Ca

Note 5 - Capital Standards - Capital Requirements (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Capital	$ 46,543	$ 44,039
Capital to Risk Weighted Assets	13.01%	12.54%
Capital Required for Capital Adequacy	$ 35,325	$ 32,477
Capital Required for Capital Adequacy to Risk Weighted Assets	9.88%	9.25%
Capital Required to be Well Capitalized	$ 35,772	$ 35,110
Capital Required to be Well Capitalized to Risk Weighted Assets	10.00%	10.00%
Tier One Risk Based Capital	$ 43,870	$ 41,580
Tier One Risk Based Capital to Risk Weighted Assets	12.26%	11.84%
Tier One Risk Based Capital Required for Capital Adequacy	$ 28,170	$ 25,455
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	7.88%	7.25%
Tier One Risk Based Capital Required to be Well Capitalized	$ 28,618	$ 28,088
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	8.00%	8.00%
Common Equity Tier One Capital	$ 43,870	$ 41,580
Common Equity Tier One Capital Ratio	12.26%	11.84%
Common Equity Tier One Capital Required for Capital Adequacy	$ 22,805	$ 20,188
Common Equity Tier One Capital Required for Capital Adequacy Ratio	6.38%	5.75%
Common Equity Tier One Capital Required to be Well-Capitalized	$ 23,252	$ 22,822
Common Equity Tier One Capital Required to be Well Capitalized Ratio	6.50%	6.50%
Tier One Leverage Capital	$ 43,870	$ 41,580
Tier One Leverage Capital to Average Assets	10.56%	10.31%
Tier One Leverage Capital Required for Capital Adequacy	$ 16,615	$ 16,135
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	4.00%	4.00%
Tier One Leverage Capital Required to be Well Capitalized	$ 20,769	$ 20,169
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	5.00%	5.00%

Note 6 - Fair Value - Summarize

Note 6 - Fair Value - Summarizes Financial Assets Measured at Fair Value (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Fair value, available for sale	$ 23,409,440	$ 27,929,510
Mutual fund	496,916	503,881
Other real estate owned	210,150	265,500
Fair Value, Measurements, Recurring [Member]
Fair value, available for sale	23,409,440	27,929,510
Mutual fund	496,916	503,881
Fair Value, Measurements, Nonrecurring [Member]
Other real estate owned	210,150
Impaired loans	3,659,030	5,055,969
Other real estate owned		265,500
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair value, available for sale
Mutual fund	496,916	503,881
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Other real estate owned
Impaired loans
Other real estate owned
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair value, available for sale	23,409,440	27,929,510
Mutual fund
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Other real estate owned
Impaired loans
Other real estate owned
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Fair value, available for sale
Mutual fund
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Other real estate owned	210,150
Impaired loans	3,659,030	5,055,969
Other real estate owned		265,500
US States and Political Subdivisions Debt Securities [Member]
Fair value, available for sale	1,510,479	1,539,207
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair value, available for sale	1,510,479	1,539,207
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair value, available for sale
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair value, available for sale	1,510,479	1,539,207
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Fair value, available for sale
SBA Pools [Member]
Fair value, available for sale	2,811,526	3,199,846
SBA Pools [Member] | Fair Value, Measurements, Recurring [Member]
Fair value, available for sale	2,811,526	3,199,846
SBA Pools [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair value, available for sale
SBA Pools [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair value, available for sale	2,811,526	3,199,846
SBA Pools [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Fair value, available for sale
Collateralized Mortgage Backed Securities [Member]
Fair value, available for sale	19,087,435	23,190,457
Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair value, available for sale	19,087,435	23,190,457
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair value, available for sale
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair value, available for sale	19,087,435	23,190,457
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Fair value, available for sale

Note 6 - Fair Value - Estimated

Note 6 - Fair Value - Estimated Fair Value of Financial Instruments (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Securities held to maturity	$ 17,833,780	$ 18,307,627
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	12,618,694	7,237,385
Noninterest-bearing deposits	59,561,564	64,403,133
Securities sold under repurchase agreements	12,163,423	21,768,507
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Securities held to maturity	18,119,599	18,204,182
Mortgage loans held for sale	150,000	327,700
Federal Home Loan Bank stock	575,800	1,063,600
Interest-bearing deposits	289,952,691	255,393,291
Federal Home Loan Bank advances	3,000,000	17,000,000
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Loans, net	341,327,272	332,533,706
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	12,618,694	7,237,385
Noninterest-bearing deposits	59,561,564	64,403,133
Securities sold under repurchase agreements	12,163,423	21,768,507
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Securities held to maturity	17,833,780	18,307,627
Mortgage loans held for sale	152,015	332,558
Federal Home Loan Bank stock	575,800	1,063,600
Interest-bearing deposits	276,632,691	244,403,281
Federal Home Loan Bank advances	2,961,000	16,957,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Loans, net	$ 336,778,883	$ 332,689,848

Note 7 - Earnings Per Share - B

Note 7 - Earnings Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Net income	$ 1,308,688	$ 1,014,456	$ 3,575,871	$ 3,132,902
Weighted average shares outstanding (in shares)	1,675,200	1,659,295	1,670,344	1,657,369
Earnings per share - basic and diluted (in dollars per share)	$ 0.78	$ 0.61	$ 2.14	$ 1.89

Note 8 - Retirement Plans (Deta

Note 8 - Retirement Plans (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Postretirement Life Insurance [Member]
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Total	$ 1,418	$ 1,307	$ 4,255	$ 3,921
Supplemental Employee Retirement Plan [Member]
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Total	60,457	63,600	$ 180,457	190,800
Profit Sharing Plan [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match			4.00%
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage			100.00%
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 45,130	$ 41,013	$ 133,118	$ 120,759