Note 8 - Other Intangible Assets

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

(

8

)

Other

Intangible

Assets

The following is an analysis of the core deposit intangible activity for the years ended

December

31:

	Core Deposit Intangible		Accumulated Amortization			Net Core Deposit Intangible
Core Deposit Intangible
Balance, December 31, 2014	$	1,056,693		(904,681	)		152,012
Amortization Expense		-		(35,748	)		(35,748	)
Balance, December 31, 2015	$	1,056,693	$	(940,429	)	$	116,264
Amortization Expense		-		(35,749	)		(35,749	)
Balance, December 31, 201 6	$	1,056,693	$	(976,178	)	$	80,515

Amortization expense related to the core deposit intangible was

$35,749,

$35,748,

and

$35,749

for the years ended

December

31,

2016,

2015

and

2014.

Amortizations expense will continue at an annual rate of approximately

$35,749

through the

first

quarter of

2019,

at which point the core deposit will be fully amortized.