XML 46 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 3 - Investment Securities (Tables)
12 Months Ended
Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities [Table Text Block]
   

 

Amortized

Cost

   

Gross

Unrealized

Gains

   

Gross

Unrealized

Losses

   

 

Fair

Value

 

Securities Available for Sale

                               

U.S. Government Agencies

                               

Mortgage-Backed

  $ 297,778,875     $ 62,815     $ (6,791,837 )   $ 291,049,853  

State, County and Municipal

    5,089,137       30,542       (20,233 )     5,099,446  
                                 
    $ 302,868,012     $ 93,357     $ (6,812,070 )   $ 296,149,299  
   

 

Amortized

Cost

   

Gross

Unrealized

Gains

   

Gross

Unrealized

Losses

   

 

Fair

Value

 

Securities Available for Sale

                               

U.S. Government Agencies

                               

Mortgage-Backed

  $ 278,419,055     $ 155,902     $ (7,511,288 )   $ 271,063,669  

State, County and Municipal

    3,516,400       27,181       (12,664 )     3,530,917  
                                 
    $ 281,935,455     $ 183,083     $ (7,523,952 )   $ 274,594,586  

Securities Held to Maturity

                               

State, County and Municipal

  $ 29,796     $ 127     $ -     $ 29,923  
Investments Classified by Contractual Maturity Date [Table Text Block]
   

Securities

Available for Sale

 
   

Amortized

Cost

   

Fair

Value

 
                 

Due in One Year or Less

  $ 330,531     $ 331,818  

Due After One Year Through Five Years

    770,079       773,706  

Due After Five Years Through Ten Years

    2,492,993       2,517,901  

Due After Ten Years

    1,495,534       1,476,021  
                 
      5,089,137       5,099,446  
                 

Mortgage-Backed Securities

    297,778,875       291,049,853  
                 
    $ 302,868,012     $ 296,149,299  
Schedule of Unrealized Loss on Investments [Table Text Block]
   

Less Than 12 Months

   

12 Months or Greater

   

Total

 
   

 

Fair

Value

   

Gross

Unrealized

Losses

   

 

Fair

Value

   

Gross

Unrealized

Losses

   

 

Fair

Value

   

Gross

Unrealized

Losses

 

December 31, 2015

                                               

U.S. Government Agencies

                                               

Mortgage-Backed

  $ 139,765,025     $ (1,270,011 )   $ 139,720,125     $ (5,521,826 )   $ 279,485,150     $ (6,791,837 )

State, County and Municipal

    1,034,613       (20,233 )     -       -       1,034,613       (20,233 )
                                                 
    $ 140,799,638     $ (1,290,244 )   $ 139,720,125     $ (5,521,826 )   $ 280,519,763     $ (6,812,070 )
                                                 

December 31, 2014

                                               

U.S. Government Agencies

                                               

Mortgage-Backed

  $ 66,609,319     $ (396,896 )   $ 183,645,552     $ (7,114,392 )   $ 250,254,871     $ (7,511,288 )

State, County and Municipal

    -       -       1,379,547       (12,664 )     1,379,547       (12,664 )
                                                 
    $ 66,609,319     $ (396,896 )   $ 185,025,099     $ (7,127,056 )   $ 251,634,418     $ (7,523,952 )