XML 26 R13.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 6 - Premises and Equipment
 12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

(6) Premises and Equipment


Premises and equipment are comprised of the following as of December 31:


   

2015

    

2014

  
                 

Land

   $ 9,696,723     $ 8,270,678  

Building

     23,927,467       23,894,943  

Furniture, Fixtures and Equipment

     12,154,375       12,243,988  

Leasehold Improvements

     993,618       990,626  

Construction in Progress

     1,170,050       14,090  
                 
      47,942,233       45,414,325  

Accumulated Depreciation

     (21,488,703 )     (20,453,880 )
                 
    $ 26,453,530     $ 24,960,445  

Depreciation charged to operations totaled $1,657,229 in 2015, $1,595,253 in 2014 and $1,527,392 in 2013.


Certain Company facilities and equipment are leased under various operating leases. Rental expense approximated $560,000 for 2015, $613,000 for 2014 and $490,000 for 2013.


Future minimum rental payments as of December 31, 2015 are as follows:


Year Ending December 31

  

Amount

  
         

2016

   $ 91,703  

2017

     38,500  
         
    $ 130,203