PREMISES AND EQUIPMENT

6 Months Ended

Jun. 30, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

6. PREMISES AND EQUIPMENT

Period end premises and equipment were as follows at June 30, 2015 and December 31, 2014:

	June 30,		December 31,
	2015		2014
Land & land improvements	$	4,703,312	$	4,701,611
Buildings & building improvements		6,307,228		6,214,971
Furniture, fixtures and equipment		3,570,958		3,604,543
		14,581,498		14,521,125
Less:  accumulated depreciation		5,618,624		5,440,344
	$	8,962,874	$	9,080,781

Depreciation expense was $183,579 in the six months ended June 30, 2015 and $183,067 for the six months ended June 30, 2014.