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Lease Commitment and Total Rental Expense
12 Months Ended
Dec. 31, 2013
Lease Commitment and Total Rental Expense

Note 14. Lease Commitment and Total Rental Expense

The Company has operating leases under non-cancellable operating lease agreements for banking facilities and equipment. Future minimum rental payments due under the leases are as follows:

 

Years Ending

December 31,

   Amounts  

2014

   $ 452,928   

2015

     378,444   

2016

     378,444   

2017

     378,444   

2018

     378,444   
  

 

 

 
   $ 1,966,704   
  

 

 

 

The total rental expense included in the income statements for the years ended December 31, 2013, 2012 and 2011 is $150,333, $177,416 and $145,207, respectively.