Note 8 - Premises and Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

8. PREMISES AND EQUIPMENT

Premises and equipment consists of the following:	December 31,
	2015		2014
Land	$	3,680,886	$	3,987,379
Office buildings and improvements		10,138,594		10,439,579
Furniture, fixtures and equipment		10,183,020		9,811,116
Vehicles		621,238		649,536
Projects/work in process		86,032		874,355
		24,709,770		25,761,965
Less accumulated depreciation		11,044,833		9,940,529
Total	$	13,664,937	$	15,821,436

The Bank leases certain branch facilities and equipment under separate agreements that expire at various dates through October 30, 2027. Rental expense of $1,204,102 and $690,971 during the years ended December 31, 2015 and 2014, respectively, is included in premises and equipment expense on the accompanying consolidated statements of operations. Future rentals under these leases are as follows:

2016	$	1,311,136
2017		1,127,320
2018		991,911
2019		768,519
2020		145,800
Thereafter		2,493,547
Total	$	6,838,233