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Note 2 - Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2017
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | As of |
|  | October 1, 2017 |
ASSETS |  |  |  |
Cash and due from banks |  | $ | 4,434,511 |
Interest-bearing deposits at financial institutions |  |  | 3,953,907 |
Securities |  |  | 49,703,419 |
Loans/leases receivable, net |  |  | 192,517,677 |
Premises and equipment |  |  | 4,808,343 |
Restricted investment securities |  |  | 476,500 |
Core deposit intangible |  |  | 2,698,301 |
Other assets |  |  | 997,810 |
Total assets acquired |  | $ | 259,590,468 |
LIABILITIES |  |  |  |
Deposits |  | $ | 212,467,514 |
Short-term borrowings |  |  | 13,102,043 |
FHLB advances |  |  | 4,108,027 |
Junior subordinated debentures |  |  | 3,857,275 |
Other liabilities |  |  | 2,595,883 |
Total liabilities assumed |  |  | 236,130,742 |
Net assets acquired |  | $ | 23,459,726 |
CONSIDERATION PAID: |  |  |  |
Cash |  | $ | 7,803,420 |
Common stock |  |  | 30,879,485 |
Total consideration paid |  |  | 38,682,905 |
Goodwill |  | $ | 15,223,179 |
|  | As of |
|  | August 31, 2016 |
ASSETS |  |  |  |
Cash and due from banks |  | $ | 10,094,645 |
Federal funds sold |  |  | 698,000 |
Interest-bearing deposits at financial institutions |  |  | 14,730,157 |
Securities |  |  | 102,640,029 |
Loans/leases receivable, net |  |  | 419,029,277 |
Premises and equipment |  |  | 20,684,880 |
Core deposit intangible |  |  | 6,352,653 |
Restricted investment securities |  |  | 1,512,900 |
Other real estate owned |  |  | 650,000 |
Other assets |  |  | 5,283,937 |
Total assets acquired |  | $ | 581,676,478 |
LIABILITIES |  |  |  |
Deposits |  | $ | 486,298,262 |
FHLB advances |  |  | 20,368,877 |
Other liabilities |  |  | 4,897,564 |
Total liabilities assumed |  | $ | 511,564,703 |
Net assets acquired |  | $ | 70,111,775 |
CONSIDERATION PAID: |  |  |  |
Cash |  | $ | 80,000,000 |
Total consideration paid |  | $ | 80,000,000 |
Goodwill |  | $ | 9,888,225 |
Business Combination, Purchased Loans as of The Acquisition Date [Table Text Block] |
|  | PCI |  |  | Performing |  |  |  |  |
|  | Loans |  |  | Loans |  |  | Total |
Contractually required principal payments |  | $ | 3,126,327 |  |  | $ | 192,982,439 |  |  | $ | 196,108,766 |
Nonaccretable discount |  |  | (1,147,198 | ) |  |  | - |  |  |  | (1,147,198 | )
Principal cash flows expected to be collected |  |  | 1,979,129 |  |  |  | 192,982,439 |  |  |  | 194,961,568 |
Accretable discount |  |  | (219,902 | ) |  |  | (2,223,989 | ) |  |  | (2,443,891 | )
Fair Value of acquired loans |  | $ | 1,759,227 |  |  | $ | 190,758,450 |  |  | $ | 192,517,677 |
|  | PCI |  |  | Performing |  |  |  |  |
|  | Loans |  |  | Loans |  |  | Total |
Contractually required principal payments |  | $ | 8,349,688 |  |  | $ | 427,398,400 |  |  | $ | 435,748,088 |
Nonaccretable discount |  |  | (4,525,223 | ) |  |  | - |  |  |  | (4,525,223 | )
Principal cash flows expected to be collected |  | $ | 3,824,465 |  |  | $ | 427,398,400 |  |  | $ | 431,222,865 |
Accretable discount |  |  | (277,579 | ) |  |  | (11,916,009 | ) |  |  | (12,193,588 | )
Fair Value of acquired loans |  | $ | 3,546,886 |  |  | $ | 415,482,391 |  |  | $ | 419,029,277 |
Certain Loans Acquired in Transfer Accounted for as Debt Securities Accretable Yield Movement Schedule [Table Text Block] |
|  | For the year ended December 31, 2017 |
|  | PCI |  |  | Performing |  |  |  |  |
|  | Loans |  |  | Loans |  |  | Total |
Balance at the beginning of the period |  | $ | - |  |  | $ | - |  |  | $ | - |
Discount added at acquisition |  |  | (219,902 | ) |  |  | (2,223,989 | ) |  |  | (2,443,891 | )
Accretion recognized |  |  | 54,070 |  |  |  | 26,836 |  |  |  | 80,906 |
Balance at the end of the period |  | $ | (165,832 | ) |  | $ | (2,197,153 | ) |  | $ | (2,362,985 | )
|  | For the year ended December 31, 2017 |
|  | PCI |  |  | Performing |  |  |  |  |
|  | Loans |  |  | Loans |  |  | Total |
Balance at the beginning of the period |  | $ | (194,306 | ) |  | $ | (9,115,614 | ) |  | $ | (9,309,920 | )
Accretion recognized |  |  | 169,006 |  |  |  | 5,032,692 |  |  |  | 5,201,698 |
Balance at the end of the period |  | $ | (25,300 | ) |  | $ | (4,082,922 | ) |  | $ | (4,108,222 | )
|  | For the year ended December 31, 2016 |
|  | PCI |  |  | Performing |  |  |  |  |
|  | Loans |  |  | Loans |  |  | Total |
Balance at the beginning of the period |  | $ | - |  |  | $ | - |  |  | $ | - |
Discount added at acquisition |  |  | (277,579 | ) |  |  | (11,916,009 | ) |  |  | (12,193,588 | )
Accretion recognized |  |  | 83,273 |  |  |  | 2,800,395 |  |  |  | 2,883,668 |
Balance at the end of the period |  | $ | (194,306 | ) |  | $ | (9,115,614 | ) |  | $ | (9,309,920 | )
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | Year Ended December 31, |
|  | 2017 |  |  | 2016 |
|  | (dollars in thousands, except per share data) |
Net interest income |  | $ | 122,923 |  |  | $ | 102,902 |
Noninterest income |  | $ | 32,703 |  |  | $ | 34,238 |
Net income |  | $ | 38,728 |  |  | $ | 27,103 |
Earnings per common share: |  |  |  |  |  |  |  |
Basic |  | $ | 2.80 |  |  | $ | 2.05 |
Diluted |  | $ | 2.73 |  |  | $ | 2.02 |
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |
|  |  | (dollars in thousands, except per share data) |
Net interest income |  | $ | 110,035 |  |  | $ | 98,483 |
Noninterest income |  | $ | 34,773 |  |  | $ | 31,051 |
Net income |  | $ | 34,137 |  |  | $ | 22,118 |
Earnings per common share: |  |  |  |  |  |  |  |
Basic |  | $ | 2.62 |  |  | $ | 1.91 |
Diluted |  | $ | 2.58 |  |  | $ | 1.89 |

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