XML 30 R17.htm IDEA: XBRL DOCUMENT

LEASES

12 Months Ended

Dec. 31, 2011

NOTE J.

LEASES

The Bank leases three branch offices as well as parking space under operating leases which expire in various years through 2017. Rent expense was $138,754 and $139,779 in 2011 and 2010, respectively. Certain operating leases provide for renewal options for periods from 2013 to 2020 at fixed amounts.

The future minimum rental commitments for these leases at December 31, 2011, are as follows:

2012	$	160,564
2013		138,616
2014		53,457
2015		18,911
2016		19,474
2017		20,061
	$	411,083

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References+ Details