Note 10 - Deposits
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Deposit Liabilities Disclosures [Text Block]
(1
0
)
Deposits
 
The aggregate amount of overdrawn deposit accounts reclassified as loan balances totaled
$413,563
and
$272,110
as of
December
31,
2016
and
2015,
respectively.
 
Components of interest-bearing deposits as of
December
31
are as follows:
 
 
 
20
16
 
  
2015
  
                 
Interest-Bearing Demand
 
$
448,003,985
 
   $
412,959,430
  
Savings
 
 
70,066,140
 
    
64,976,174
  
Time, $100,000 and Over
 
 
183,610,778
 
    
202,800,899
  
Other Time
 
 
183,616,992
 
    
196,931,462
  
                 
 
 
$
885,297,895
 
   $
877,667,965
  
 
At
December
31,
2016
and
December
31,
2015,
the Company had brokered deposits of
$49,303,139
and
$25,576,524,
respectively. All of these brokered deposits represent Certificate of Deposit Account Registry Service (CDARS) reciprocal deposits. The CDARS deposits are
ones
in which customers placed core deposits into the CDARS program for FDIC insurance coverage and the Company receives reciprocal brokered deposits in a like amount. The aggregate amount of short-term jumbo certificates of deposit, each with a minimum denomination of
$100,000
was
$123,612,962
and
$141,900,102
as of
December
31,
2016
and
December
31,
2015,
respectively. The aggregate amount of jumbo certificates of deposit, each with a minimum denomination of
$250,000
was
$32,168,191
and
$31,755,483
as of
December
31,
2016
and
December
31,
2015,
respectively.
 
As of
December
31,
2016,
the scheduled maturities of certificates of deposit are as follows:
 
Year
 
Amount
 
         
2017
 
$
256,886,186
 
2018
 
 
63,055,100
 
2019
 
 
22,738,969
 
2020
 
 
15,858,433
 
2021 and Thereafter
 
 
8,689,082
 
         
 
 
$
367,227,770