Note 4 - Premises and Equipment

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4:                      PREMISES AND EQUIPMENT

Major classifications of premises and equipment, stated at cost, are as follows:

	December 31,			December 31,
	2012			2011
Land	$	2,250,789		$	2,250,789
Buildings and improvements		11,812,386			11,860,040
Automobile		16,479			16,479
Furniture, fixtures and equipment		9,000,767			8,343,157
Leasehold improvements		271,799			271,799
		23,352,220			22,742,264
Less accumulated depreciation		(12,065,810	)		(11,318,442	)
Net premises and equipment	$	11,286,410		$	11,423,822

Depreciation expense was $747,368, $717,222 and $826,440 for the years ended December 31, 2012, 2011, and 2010, respectively.