Note 6 - Premises and Equipment

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note

6

: Premises and Equipment

A summary of the cost and accumulated depreciation of premises and equipment follows:

	December 31,
	20 17			20 16
Premises	$	12,434		$	12,554
Furniture and equipment		5,238			5,052
Premises and equipment	$	17,672		$	17,606
Accumulated depreciation		(9,451	)		(8,753	)
Premises and equipment, net	$	8,221		$	8,853

Depreciation expense for the years ended

December 2017,

2016

and

2015

amounted to

$805,

$801

and

$749,

respectively. In

December 2017,

the Company sold its Marion branch office and realized a gain on the sale of fixed assets of

$134.

The Company leases certain branch facilities under noncancellable operating leases. The future minimum lease payments under these leases (with initial or remaining lease terms in excess of

one

year) as of

December 31, 2017

are as follows:

$292

in

2018,

$233

in

2019,

$56

in

2020,

$34

in

2021,

$34

in

2022

and

$130

thereafter.