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Note 5 - Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure Text Block Supplement [Abstract]

Changes in the Allowance for Loan Losses [Table Text Block]

		2015				2014				2013

Balance, Beginning of Year		$	8,802,316			$	11,805,986			$	12,736,921

Provision for Loan Losses			865,500				1,308,000				4,485,000
Loans Charged Off			(2,083,347	)			(5,104,491	)			(6,227,716	)
Recoveries of Loans Previously Charged Off			1,019,436				792,821				811,781

Balance, End of Year		$	8,603,905			$	8,802,316			$	11,805,986

Allowance for Credit Losses on Financing Receivables [Table Text Block]

2015		Beginning Balance				Charge-Offs				Recoveries				Provision				Ending Balance

Commercial and Agricultural
Commercial		$	497,561			$	(454,971	)		$	52,111			$	760,663			$	855,364
Agricultural			304,172				(5,000	)			3,600				(99,681	)			203,091

Real Estate
Commercial Construction			1,222,695				(97,698	)			485,834				(920,065	)			690,766
Residential Construction			138,092				-				-				(118,202	)			19,890
Commercial			3,664,777				(275,297	)			270,003				191,044				3,850,527
Residential			2,425,327				(929,668	)			109,626				385,070				1,990,355
Farmland			103,800				(40,000	)			20,000				827,892				911,692

Consumer and Other
Consumer			66,914				(255,062	)			61,976				189,549				63,377
Other			378,978				(25,651	)			16,286				(350,770	)			18,843

		$	8,802,316			$	(2,083,347	)		$	1,019,436			$	865,500			$	8,603,905

2014

Commercial and Agricultural
Commercial		$	1,017,073			$	(624,944	)		$	76,002			$	29,430			$	497,561
Agricultural			293,886				-				2,700				7,586				304,172

Real Estate
Commercial Construction			1,782,179				(1,543,099	)			485,005				498,610				1,222,695
Residential Construction			138,092				-				-				-				138,092
Commercial			4,379,276				(1,326,825	)			90,042				522,284				3,664,777
Residential			3,278,269				(1,033,966	)			31,127				149,897				2,425,327
Farmland			311,494				(233,580	)			20,000				5,886				103,800

Consumer and Other
Consumer			243,253				(342,077	)			72,477				93,261				66,914
Other			362,464				-				15,468				1,046				378,978

		$	11,805,986			$	(5,104,491	)		$	792,821			$	1,308,000			$	8,802,316

2013		Beginning Balance				Charge-Offs				Recoveries				Provision				Ending Balance

Commercial and Agricultural
Commercial		$	981,021			$	(120,690	)		$	55,829			$	100,913			$	1,017,073
Agricultural			296,175				(34,502	)			6,200				26,013				293,886

Real Estate
Commercial Construction			1,890,200				(2,071,162	)			253,459				1,709,682				1,782,179
Residential Construction			138,092				-				-				-				138,092
Commercial			5,162,839				(2,872,408	)			297,984				1,790,861				4,379,276
Residential			3,405,947				(706,242	)			64,583				513,981				3,278,269
Farmland			290,526				(20,977	)			21,762				20,183				311,494

Consumer and Other
Consumer			227,774				(397,822	)			93,520				319,781				243,253
Other			344,347				(3,913	)			18,444				3,586				362,464

		$	12,736,921			$	(6,227,716	)		$	811,781			$	4,485,000			$	11,805,986

Loan Allowance by Impairment Methodology [Table Text Block]

Ending Allowance Balance

Ending Loan Balance

2015

Individually

Evaluated for Impairment

Collectively

Evaluated for Impairment

Total

Individually

Evaluated for Impairment

Collectively

Evaluated for Impairment

Total

Commercial and Agricultural

Commercial

$

94,538

$

760,826

$

855,364

$

122,928

$

47,658,761

$

47,781,689

Agricultural

-

203,091

203,091

8,445

19,185,052

19,193,497

Real Estate

Commercial Construction

25,344

665,422

690,766

1,622,560

38,484,073

40,106,633

Residential Construction

-

19,890

19,890

-

9,413,263

9,413,263

Commercial

1,607,962

2,242,565

3,850,527

23,628,213

322,633,820

346,262,033

Residential

308,188

1,682,167

1,990,355

3,597,386

193,405,033

197,002,419

Farmland

37,386

874,306

911,692

1,402,939

60,376,920

61,779,859

Consumer and Other

Consumer

-

63,377

63,377

-

20,605,465

20,605,465

Other

-

18,843

18,843

-

16,490,737

16,490,737

Total End of Year Balance

$

2,073,418

$

6,530,487

$

8,603,905

$

30,382,471

$

728,253,124

$

758,635,595

		Ending Allowance Balance												Ending Loan Balance
2014		Individually Evaluated for Impairment				Collectively Evaluated for Impairment				Total				Individually Evaluated for Impairment				Collectively Evaluated for Impairment				Total

Commercial and Agricultural
Commercial		$	96,580			$	400,981			$	497,561			$	96,580			$	50,863,685			$	50,960,265
Agricultural			-				304,172				304,172				-				16,689,444				16,689,444

Real Estate
Commercial Construction			53,947				1,168,748				1,222,695				3,384,377				47,874,593				51,258,970
Residential Construction			-				138,092				138,092				-				11,220,683				11,220,683
Commercial			456,941				3,207,836				3,664,777				21,693,061				310,537,786				332,230,847
Residential			414,684				2,010,643				2,425,327				7,559,965				196,192,655				203,752,620
Farmland			28,962				74,838				103,800				1,700,793				48,250,191				49,950,984

Consumer and Other
Consumer			-				66,914				66,914				-				22,820,314				22,820,314
Other			-				378,978				378,978				-				7,209,682				7,209,682

Total End of Year Balance		$	1,051,114			$	7,751,202			$	8,802,316			$	34,434,776			$	711,659,033			$	746,093,809

2013

Commercial and Agricultural
Commercial		$	433,714			$	583,359			$	1,017,073			$	1,542,058			$	46,565,390			$	48,107,448
Agricultural			-				293,886				293,886				-				10,665,938				10,665,938

Real Estate
Commercial Construction			830,546				951,633				1,782,179				7,971,298				44,767,485				52,738,783
Residential Construction			-				138,092				138,092				-				6,549,260				6,549,260
Commercial			423,685				3,955,591				4,379,276				24,757,942				317,025,596				341,783,538
Residential			526,005				2,752,264				3,278,269				6,545,490				199,712,437				206,257,927
Farmland			85,500				225,994				311,494				1,617,206				45,417,220				47,034,426

Consumer and Other
Consumer			-				243,253				243,253				-				25,675,560				25,675,560
Other			-				362,464				362,464				9,146				12,396,436				12,405,582

Total End of Year Balance		$	2,299,450			$	9,506,536			$	11,805,986			$	42,443,140			$	708,775,322			$	751,218,462