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Note 5 - Bank Owned Life Insurance
12 Months Ended
Dec. 31, 2015
Investments, All Other Investments [Abstract]  
Life Insurance, Corporate or Bank Owned [Text Block]

NOTE 5:     BANK OWNED LIFE INSURANCE


The Company has purchased Bank owned life insurance on certain key members of management. In December 2015, the Company purchased an additional $4,000,000 of single premium life insurance on key members of management with the purpose of partially offsetting the Company’s employee benefit costs as a whole. Such policies are recorded at their cash surrender value, or the amount that can be realized. The increase in cash surrender value in excess of the single premium paid is reported as other noninterest income. The balance at December 31, 2015 and 2014 was $18,779,915 and $14,417,220, respectively.