Note 4 - Premises and Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4:     PREMISES AND EQUIPMENT

Major classifications of premises and equipment, stated at cost, are as follows:

	December 31,			December 31,
	2015			2014
Land	$	2,250,789		$	2,250,789
Buildings and improvements		11,791,945			11,805,406
Automobile		25,115			25,115
Furniture, fixtures and equipment		10,746,555			9,876,988
Leasehold improvements		271,799			271,799
		25,086,203			24,230,097
Less accumulated depreciation		(14,545,775	)		(13,627,334	)
Net premises and equipment	$	10,540,428		$	10,602,763

Depreciation expense was $918,441, $755,937 and $822,316 for the years ended December 31, 2015, 2014, and 2013, respectively.