CORE DEPOSIT INTANGIBLE

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

NOTE 4 – CORE DEPOSIT INTANGIBLE

The gross carrying value and accumulated amortization of core deposit intangible is as follows:

	September 30,		December 31,
	2016		2015
Gross carrying value	$	502,000	$	502,000
Less accumulated amortization		(202,268)		(139,220)
Core deposit intangible	$	299,732	$	362,780

Amortization of core deposit intangible was $63,048 and $80,845 for the nine months ended September 30, 2016 and 2015, respectively.