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Note 19 - Fair Value of Financial Instruments and Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2015
Note 19 - Fair Value of Financial Instruments and Fair Value Measurements (Tables) [Line Items]  
Fair Value, by Balance Sheet Grouping [Table Text Block]
   

Carrying

   

Estimated

   

Level

 
2015  

Amount

   

Fair Value

    1     2     3  
   

(in Thousands)

 

Assets

                                       

Cash and Short-Term Investments

  $ 60,872     $ 60,872     $ 60,872     $ -     $ -  

Investment Securities Available for Sale

    296,149       296,149       -       295,219       930  

Federal Home Loan Bank Stock

    2,731       2,731       2,731       -       -  

Loans, Net

    749,675       750,412       -       741,867       8,545  

Bank-Owned Life Insurance

    14,830       14,830       14,830       -       -  
                                         

Liabilities

                                       

Deposits

    1,011,554       1,013,111       611,822       401,289       -  

Subordinated Debentures

    24,229       24,229       -       24,229       -  

Other Borrowed Money

    40,000       40,421       -       40,421       -  
                                         

2014

                                       
                                         

Assets

                                       

Cash and Short-Term Investments

  $ 65,811     $ 65,811     $ 65,811     $ -     $ -  

Investment Securities Available for Sale

    274,595       274,595       -       273,647       948  

Investment Securities Held to Maturity

    30       30       -       30       -  

Federal Home Loan Bank Stock

    2,831       2,831       2,831       -       -  

Loans, Net

    736,930       738,948       -       731,170       7,778  

Bank-Owned Life Insurance

    14,531       14,531       14,531       -       -  
                                         

Liabilities

                                       

Deposits

    979,303       980,874       551,057       429,817       -  

Subordinated Debentures

    24,229       24,229       -       24,229       -  

Other Borrowed Money

    40,000       41,962       -       41,962       -  
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
           

Fair Value Measurements at Reporting Date Using

 

2015

 

Total Fair Value

   

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

   

Significant Other Observable

Inputs

(Level 2)

   

Significant

Unobservable

Inputs

(Level 3)

 
                                 

Recurring

                               

Securities Available for Sale

                               

U.S. Government Agencies

                               

Mortgage-Backed

  $ 291,049,853     $ -     $ 291,049,853     $ -  

State, County and Municipal

    5,099,446       -       4,169,135       930,311  
                                 
    $ 296,149,299     $ -     $ 295,218,988     $ 930,311  

Nonrecurring

                               

Impaired Loans

  $ 8,544,993     $ -     $ -     $ 8,544,993  
                                 

Other Real Estate

  $ 2,535,884     $ -     $ -     $ 2,535,884  
                                 

2014

                               
                                 

Recurring

                               

Securities Available for Sale

                               

U.S. Government Agencies

                               

Mortgage-Backed

  $ 271,063,669     $ -     $ 271,063,669     $ -  

State, County and Municipal

    3,530,917       -       2,582,527       948,390  
                                 
    $ 274,594,586     $ -     $ 273,646,196     $ 948,390  

Nonrecurring

                               

Impaired Loans

  $ 7,778,279     $ -     $ -     $ 7,778,279  
                                 

Other Real Estate

  $ 6,128,365     $ -     $ -     $ 6,128,365  
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]
 

December 31, 2015

 

Valuation Techniques

 

Unobservable

Inputs

 

Range

(Weighted Avg)

               

Commercial

$ 28,390

 

Sales Comparison

 

Adjustment for Differences Between the Comparable Sales

 

(31.77)% - 34.00%

              (1.12%)
               
         

Management Adjustments for Age of Appraisals and/or Current Market Conditions

 

0.00% - 10.00%

              (5.00%)
               
     

Income Approach

 

Capitalization Rate

 

11.00%

               

Real Estate

             

Commercial Construction

51,300

 

Sales Comparison

 

Adjustment for Differences Between the Comparable Sales

 

(5.00)% - 99.00%

              (47.00%)
               
         

Management Adjustments for Age of Appraisals and/or Current Market Conditions

 

0.00% - 10.00%

              (5.00%)
               

Residential Real Estate

767,179

 

Sales Comparison

 

Adjustment for Differences Between the Comparable Sales

 

(22.00)% - 10.80%

              (5.60)%
               
         

Management Adjustments for Age of Appraisals and/or Current Market Conditions

 

0.00% - 25.00%

              (12.50%)
               

Commercial Real Estate

7,347,541

 

Sales Comparison

 

Adjustment for Differences Between the Comparable Sales

 

(31.77)% - 34.00%

              (1.12%)
               
         

Management Adjustments for Age of Appraisals and/or Current Market Conditions

 

0.00% - 10.00%

              (5.00%)
               
     

Income Approach

 

Capitalization Rate

 

10.25%

               

Farmland

350,583

 

Sales Comparison

 

Adjustment for Differences Between the Comparable Sales

 

(27.00)% - 15.00%

              (6.00)%
               
         

Management Adjustments for Age of Appraisals and/or Current Market Conditions

 

10.00% - 75.00%

              (42.50%)
               

Other Real Estate Owned

2,535,884

 

Sales Comparison

 

Adjustment for Differences Between the Comparable Sales

 

(50.80)% - 142.90%

              (46.05%)
               
         

Management Adjustments for Age of Appraisals and/or Current Market Conditions

 

15.53% - 72.75%

              (43.37%)
               
     

Income Approach

 

Discount Rate

 

12.50%

 

December 31, 2014

 

Valuation Techniques

 

Unobservable

Inputs

 

Range

(Weighted Avg)

               

Impaired Loans

             

Commercial Construction

$ 82,422

 

Sales Comparison

 

Adjustment for Differences Between the Comparable Sales

 

(22.00)% - 38.10%

              (8.05%)
               
         

Management Adjustments for Age of Appraisals and/or Current Market Conditions

 

0.00% - 10.00%

              (5.00%)
               

Residential Real Estate

1,650,474

 

Sales Comparison

 

Adjustment for Differences Between the Comparable Sales

 

(2.30)% - 191.70%

              (94.70%)
               
         

Management Adjustments for Age of Appraisals and/or Current Market Conditions

 

0.00% - 10.00%

              (5.00%)
               
     

Income Approach

 

Capitalization Rate

 

13.75%

               

Commercial Real Estate

5,678,297

 

Sales Comparison

 

Adjustment for Differences Between the Comparable Sales

 

0.00% - 0.00%

              (0.00%)
               
         

Management Adjustments for Age of Appraisals and/or Current Market Conditions

 

0.00% - 90.00%

              (45.00%)
               
     

Income Approach

 

Capitalization Rate

 

11.00%

               

Farmland

367,086

 

Sales Comparison

 

Adjustment for Differences Between the Comparable Sales

 

(8.30)% - 252.50%

              (122.10%)
               
         

Management Adjustments for Age of Appraisals and/or Current Market Conditions

 

10.00% - 50.00%

              (30.00%)
               

Other Real Estate Owned

6,128,365

 

Sales Comparison

 

Adjustment for Differences Between the Comparable Sales

 

(40.00)% - 45.00%

              (2.50%)
               
         

Management Adjustments for Age of Appraisals and/or Current Market Conditions

 

0.33% - 69.36%

              (31.88%)
               
     

Income Approach

 

Discount Rate

 

9.00%

               
         

Capitalization Rate

 

10.00%

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
   

Available for Sale Securities

 
   

2015

   

2014

   

2013

 
                         

Balance, Beginning

  $ 948,390     $ 941,265     $ 1,138,238  
                         

Transfers into Level 3

    -       -       -  

Transfers out of Level 3

    -       -       (41,908 )

Securities Purchased During the Year

    -       -       -  

Securities Called During the Year

    -       -       -  

Loss on OTTI Impairment Included in Noninterest Income

    -       -       (366,623 )

 

                       

Unrealized Gains(Losses) Included in Other Comprehensive Income

    (18,079 )     7,125       211,558  
                         

Balance, Ending

  $ 930,311     $ 948,390     $ 941,265  
Fair Value, Inputs, Level 3 [Member]  
Note 19 - Fair Value of Financial Instruments and Fair Value Measurements (Tables) [Line Items]  
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

December 31, 2015

 

Fair Value

 

Valuation Techniques

 

Unobservable Inputs

 

Range

(Weighted Avg)

 
                       

State, County and Municipal

  $ 930,311  

Discounted Cash Flow

 

Discount Rate

or Yield

    N/A*  
                       

December 31, 2014

                     
                       

State, County and Municipal

  $ 948,390  

Discounted Cash Flow

 

Discount Rate

or Yield

    N/A*