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OTHER OPERATING EXPENSES
3 Months Ended
Mar. 31, 2012
OTHER OPERATING EXPENSES  
OTHER OPERATING EXPENSES

NOTE 14 - OTHER OPERATING EXPENSES

 

Other operating expenses for the three months ended March 31, 2012 and 2011 are summarized below:

 

 

 

2012

 

2011

 

Professional fees

 

$

308,456

 

$

395,681

 

Telephone expenses

 

50,122

 

54,875

 

Office supplies, stationery, and printing

 

18,222

 

16,451

 

Insurance

 

100,485

 

93,945

 

Postage

 

3,065

 

2,677

 

Data processing

 

190,934

 

158,531

 

Advertising and marketing

 

15,119

 

14,031

 

FDIC Insurance

 

298,972

 

355,000

 

Other loan related expenses

 

29,948

 

63,476

 

Other

 

88,556

 

83,364

 

Total

 

$

1,103,879

 

$

1,238,031