Note 4 - Premises and Equipment

12 Months Ended

Dec. 31, 2014

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,			December 31,
	2014			2013
Land	$	2,250,789		$	2,250,789
Buildings and improvements		11,805,406			11,763,779
Automobile		25,115			25,115
Furniture, fixtures and equipment		9,876,988			9,446,636
Leasehold improvements		271,799			271,799
		24,230,097			23,758,118
Less accumulated depreciation		(13,627,334	)		(12,871,398	)
Net premises and equipment	$	10,602,763		$	10,886,720

Depreciation expense was $755,937, $822,316 and $747,368 for the years ended December 31, 2014, 2013, and 2012, respectively.