Note 4 - Premises and Equipment

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment Disclosure [Text Block]

Note 4.                 Premises and Equipment

The following summarizes the components of premises and equipment as of December 31, 2012 and 2011:

	2012		2011
Land	$	5,583,180	$	5,525,022
Buildings (useful lives 15 to 50 years)		28,368,503		28,124,868
Furniture and equipment (useful lives 3 to 10 years)		20,069,281		18,882,807
		54,020,964		52,532,697
Less accumulated depreciation		22,758,574		20,791,946
	$	31,262,390	$	31,740,751

Certain facilities are leased under operating leases.  Rental expense was $372,631, $290,101, and $464,447, for the years ended December 31, 2012, 2011, and 2010, respectively.

Future minimum rental commitments under noncancelable leases are as follows as of December 31, 2012:

Year ending December 31:
2013	$	373,079
2014		374,846
2015		216,844
2016		222,897
2017		224,772
Thereafter		339,102
	$	1,751,540