Note 6 - Premises and Equipment

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

(6)

Premises

and

Equipment

Premises and equipment are comprised of the following as of

December

31:

	20 16			2015
Land	$	9,668,722		$	9,696,723
Building		25,239,165			23,927,467
Furniture, Fixtures and Equipment		12,461,043			12,154,375
Leasehold Improvements		653,939			993,618
Construction in Progress		1,530,359			1,170,050
		49,553,228			47,942,233
Accumulated Depreciation		(21,583,968	)		(21,488,703	)
	$	27,969,260		$	26,453,530

Depreciation charged to operations totaled

$1,574,249

in

2016,

$1,657,229

in

2015,

and

$1,595,253

in

2014.

Certain Company facilities and equipment are leased under various operating leases. Rental expense approximated

$437,000

for

2016,

$560,000

for

2015,

and

$613,000

for

2014.

Future minimum rental payments as of

December

31,

2016

are as follows:

Year Ending December 31	Amount
2017	$	39,820
	$	39,820