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Note 4 - Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Table Text Block]

	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

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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