Note 13 - Leases

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Lessor, Operating Leases [Text Block]

NOTE

1

3

– LEASES

The Bank has noncancelable operating leases that expire over the next

three

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

$664,000

and

$938,000

for the years ended

December 31, 2019

and

2018,

respectively.

Approximate future minimum rental commitments under noncancelable leases are:

For the Year Ending
December 31,	Amount
2020	$	581,943
2021		507,522
2022		363,921
	$	1,453,386