Note 9 - Other Intangible Assets

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

(

9

)

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, 2016	$	1,056,693	$	(976,178	)	$	80,515
Amortization Expense		-		(35,749	)		(35,749	)
Balance, December 31, 2017	$	1,056,693	$	(1,011,927	)	$	44,766
Addition		560,000		-			560,000
Amortization Expense		-		(48,193	)		(48,193	)
Balance, December 31, 201 8	$	1,616,693	$	(1,060,120	)	$	556,573

Amortization expense related to the core deposit intangible was

$48,193,

$35,749

and

$35,749

for the years ended

December 31, 2018,

2017

and

2016.

The estimated future amortization expense for intangible assets remaining as of

December 31, 2018

is as follows:

Year Ending December 31	Amount
2019	$	83,684
2020		74,667
2021		74,667
2022		74,667
2023		74,667
Thereafter		174,221
	$	556,573