CORE DEPOSIT INTANGIBLE

12 Months Ended

Dec. 31, 2015

Intangible Assets, Net (Excluding Goodwill) [Abstract]

CORE DEPOSIT INTANGIBLE

NOTE 6 - CORE DEPOSIT INTANGIBLE

The gross carrying value and accumulated amortization of the core deposit intangible is presented below:

	December 31,
	2015			2014
Core deposit intangible	$	3,258,000		$	3,258,000
Less accumulated amortization		(3,120,000	)		(3,062,000	)
	$	138,000		$	196,000

Amortization expense on core deposit intangible for the years ended December 31, 2015 and 2014 was $58,000 and $75,000, respectively.

Estimated future amortization expense on our remaining core deposit intangible is as follows:

Year Ending December 31,	Amount
2016	$	58,000
2017		58,000
2018		22,000