Note 6 - Premises and Equipment, Net

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Components of premises and equipment, net included in the consolidated balance sheets at

December 31, 2018

and

2017

were as follows:

	At December 31,
	2018			2017
Cost:
Land and improvements	$	2,452,807		$	2,452,807
Building and improvements		12,276,205			12,218,857
Furniture and equipment		2,362,017			2,266,934
Automobiles		91,387			137,635
Total cost		17,182,416			17,076,233
Accumulated depreciation and amortization		(7,566,790	)		(6,955,329	)
Net book value	$	9,615,626		$	10,120,904

Depreciation and amortization expense was

$703,000

and

$678,000

for the years ended

December 31, 2018

and

2017,

respectively.