Note 2 - Cash and Balances Due From Banks
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Cash and Cash Equivalents Disclosure [Text Block]
(2)
Cash
and
Balances
Due
from
Banks
 
Components of cash and balances due from banks are as follows as of
December
31:
 
 
 
20
16
 
  
2015
  
                 
Cash on Hand and Cash Items
 
$
8,509,530
 
   $
9,061,678
  
Noninterest-Bearing Deposits with Other Banks
 
 
20,312,574
 
    
13,194,968
  
                 
 
 
$
28,822,104
 
   $
22,256,646
  
 
The Company is required to maintain reserve balances in cash or on deposit with the Federal Reserve Bank based on a percentage of deposits. Reserve balances totaled approximately
$1,417,000
and
$1,275,000
at
December
31,
2016
and
2015,
respectively.