Note 7 - Premises and Equipment

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE

7

:     PREMISES AND EQUIPMENT

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

	December 31,			December 31,
	2019			2018
Land	$	4,360,353		$	4,575,352
Buildings and Improvements		11,907,331			11,985,118
Automobile		52,404			52,404
Furniture, Fixtures and Equipment		13,485,163			12,861,570
Leasehold Improvements		2,394,953			2,525,858
		32,200,204			32,000,302
Less accumulated depreciation		(13,035,708	)		(11,905,141	)
Net premises and equipment	$	19,164,496		$	20,095,161