PREMISES, EQUIPMENT AND LEASEHOLD IMPROVEMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Premises Equipment And Leasehold Improvements Tables

Schedule of premises, equipment and leasehold improvements

Premises, equipment and leasehold improvements are summarized as follows:

	December 31,
	2015			2014
Bank buildings	$	1,824,613		$	1,824,613
Land		838,075			838,075
Leasehold purchase		30,000			30,000
Lease improvements		687,333			684,083
Construction in process		11,754			11,754
Equipment		3,070,783			2,940,401
		6,462,558			6,328,926
Accumulated depreciation		(4,173,330	)		(3,976,503	)
Total	$	2,289,228		$	2,352,423

Schedule of minimum rental commitments for leases

Minimum rental commitments for these leases as of December 31, 2015 are as follows:

2016	$	631,652
2017		615,122
2018		622,890
2019		614,103
2020		591,067
2021 and thereafter		5,322,336
Total	$	8,397,170