Note 5 - Premises and Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment Disclosure [Text Block]

Note 5.                 Premises and Equipment

The following summarizes the components of premises and equipment as of December 31, 2011 and 2010:

	2011		2010
Land	$	5,525,022	$	5,525,022
Buildings (useful lives 15 to 50 years)		28,124,868		27,292,176
Furniture and equipment (useful lives 3 to 10 years)		18,882,807		19,197,666
		52,532,697		52,014,864
Less accumulated depreciation		20,791,946		20,896,120
	$	31,740,751	$	31,118,744

Certain facilities are leased under operating leases.  Rental expense was $290,101, $464,447, and $458,778, for the years ended December 31, 2011, 2010, and 2009, respectively.

Future minimum rental commitments under noncancelable leases are as follows as of December 31, 2011:

Year ending December 31:
2012	$	327,811
2013		328,672
2014		306,921
2015		124,929
2016		129,144
Thereafter		419,718
	$	1,637,195