Note 6 - Property and Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Note 6. Property and Equipment

The major components of property and equipment at December 31, 2013 and 2012 were as follows:

(Dollars In Thousands)	2013		2012
Land	$	4,257	$	3,957
Buildings and improvements		6,061		3,698
Leasehold improvements		2,129		2,390
Furniture and equipment		2,731		2,271
Software		458		449
Construction in process		97		279
Property and equipment, total		15,733		13,044
Less accumulated depreciation and amortization		3,578		3,290
Property and equipment, net	$	12,155	$	9,754

Depreciation and amortization expense was $539 thousand and $508 thousand for the years ended December 31, 2013 and 2012, respectively.

Leases

The Company currently leases its main office under a non-cancelable lease agreement. The lease expires December 15, 2015 and provides an option to extend the lease for two additional five-year periods. Terms of the agreement provide for an annual rental increase based on a published inflation index, not to exceed three percent over the rent for the immediately preceding lease year. The Company currently leases a branch location under a non-cancelable lease agreement. Terms of the agreement provide for an annual rental increase based on a published inflation index, not to exceed three percent over the rent for the immediately preceding lease year. The lease expires on July 31, 2016 and provides one remaining option to extend the lease for an additional five-year period. The Company currently leases space to operate an automated teller machine under a non-cancelable lease agreement. The lease expires April 1, 2021 and provides an option to extend the lease for two additional five-year periods. Terms of the agreement provide for an annual rental increase of three percent over the rent for the immediately preceding lease year.

The current minimum annual lease payments under non-cancelable leases in effect at December 31, 2013 were as follows:

(Dollars In Thousands)	2013
2014	$	267
2015		268
2016		67
2017		11
2018		12
Thereafter		27
Total	$	652

Rent expense for the years ended December 31, 2013 and 2012 was $324 thousand and $315 thousand, respectively.