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Bank Premises and Equipment

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Note 6.

Bank Premises and Equipment

A summary of bank premises and equipment at December 31, 2012 and 2011, is as follows:

		2012				2011

Land		$	2,145,003			$	2,145,003
Buildings and improvements			4,284,293				4,302,862
Furniture, fixtures and equipment			3,713,758				3,735,576
			10,143,054				10,183,441
Accumulated depreciation			(4,743,714	)			(4,471,438	)

		$	5,399,340			$	5,712,003

Depreciation expense for the years ended December 31, 2012, 2011 and 2010, amounted to $461,905, $475,938, and $513,468, respectively.

Certain bank facilities and equipment are leased under various operating leases. Total rent expense on these leases for the years ended December 31, 2012, 2011 and 2010, was $390,571, $392,114, and $423,580, respectively.

Future minimum rental commitments under non-cancelable leases are as follows:

2013		$	348,444
2014			348,444
2015			233,649
2016			128,600

Total		$	1,059,137

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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