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Note 7 - Premises and Equipment | 12 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
Property, Plant and Equipment Disclosure [Text Block] | ( 7 ) Premises and Equipment Premises and equipment are comprised of the following as of December 31:
|  | 20 1 8 |  |  | 2017 |
Land |  | $ | 10,934,885 |  |  | $ | 9,668,722 |
Building |  |  | 26,544,689 |  |  |  | 26,893,354 |
Furniture, Fixtures and Equipment |  |  | 12,782,042 |  |  |  | 13,090,366 |
Leasehold Improvements |  |  | 696,529 |  |  |  | 655,166 |
Construction in Progress |  |  | 581,389 |  |  |  | 68,253 |
|  |  | 51,539,534 |  |  |  | 50,375,861 |
Accumulated Depreciation |  |  | (22,708,262 | ) |  |  | (22,736,431 | )
|  | $ | 28,831,272 |  |  | $ | 27,639,430 |
Depreciation charged to operations totaled $1,786,652 in 2018, $1,647,813 in 2017 and $1,574,249 in 2016. Certain Company facilities and equipment are leased under various operating leases. Rental expense approximated $443,000 for 2018, $427,000 for 2017 and $437,000 for 2016. Future minimum rental payments as of December 31, 2018 are as follows:
Year Ending December 31 |  | Amount |
2019 |  | $ | 63,480 |
2020 |  |  | 42,000 |
2021 |  |  | 42,000 |
2022 |  |  | 38,500 |
2023 and Thereafter |  |  | - |
|  | $ | 185,980 |

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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