Note 4 - Premises and Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

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, 2013			December 31, 2012
Land	$	2,250,789		$	2,250,789
Buildings and improvements		11,763,779			11,812,386
Automobile		25,115			16,479
Furniture, fixtures and equipment		9,446,636			9,000,767
Leasehold improvements		271,799			271,799
		23,758,118			23,352,220
Less accumulated depreciation		(12,871,398	)		(12,065,810	)
Net premises and equipment	$	10,886,720		$	11,286,410

Depreciation expense was $822,316, $747,368 and $717,222 for the years ended December 31, 2013, 2012, and 2011, respectively.