Note 4 - Premises and Equipment

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

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,
	2016			2015
Land	$	2,251,789		$	2,250,789
Buildings and improvements		11,850,553			11,791,945
Automobile		25,115			25,115
Furniture, fixtures and equipment		11,357,768			10,746,555
Leasehold improvements		271,799			271,799
		25,757,024			25,086,203
Less accumulated depreciation		(14,885,985	)		(14,545,775	)
Net premises and equipment	$	10,871,039		$	10,540,428