CORE DEPOSIT INTANGIBLE

3 Months Ended

Mar. 31, 2017

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:

	March 31,		December 31,
	2017		2016
Gross carrying value	$	502,000	$	502,000
Less accumulated amortization		(235,868)		(219,068)
Core deposit intangible	$	266,132	$	282,932

Amortization of core deposit intangible was $16,800 and $21,543 for the three months ended March 31, 2017 and 2016, respectively.