Note 13 - Lease Commitments

12 Months Ended

Dec. 31, 2015

Leases [Abstract]

Leases of Lessee Disclosure [Text Block]

(13) LEASE COMMITMENTS

During 2015, the Bank extended a noncancelable lease agreement for branch office space which expires in March 2020 with annual lease payments of $19,000. At December 31, 2015, minimum lease payments under the lease were $19,000 for each year ending December 31, 2016 through 2019 and $5,000 for the year ending December 31, 2020, for an aggregate total of $81,000.

The Bank’s subsidiary companies headquartered in Nevada lease office space under sublease agreements that automatically renew for one year periods each October.

Total rental expense for all operating leases for each of the years ended December 31, 2015 and 2014 was $30,000 and $28,000, respectively.