Note 12 - Leases

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Lessor, Operating Leases [Text Block]

NOTE

1

2

– LEASES

The Bank has noncancelable operating leases that expire over the next

five

years that require the payment of base lease amounts and executory costs such as taxes, maintenance and insurance. Rental expense for leases was

$787,000

and

$701,000

for the years ended

December 31, 2017

and

2016,

respectively.

Approximate future minimum rental commitments under noncancelable leases are:

For the Years Ending
December 31,	Amount
2018	$	965,180
2019		784,136
2020		563,419
2021		495,179
2022		365,494
Total	$	3,173,408