Note 5 - Premises and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

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, 2014 and 2013:

	2014		2013
Land	$	7,100,393	$	7,287,656
Buildings (useful lives 15 to 50 years)		31,602,931		31,290,618
Furniture and equipment (useful lives 3 to 10 years)		23,142,643		21,882,303
		61,845,967		60,460,577
Less accumulated depreciation		25,824,839		23,705,213
	$	36,021,128	$	36,755,364

Certain facilities are leased under operating leases. Rental expense was $484,868, $795,816, and $372,631 for the years ended December 31, 2014, 2013, and 2012, respectively.

Future minimum rental commitments under noncancelable leases are as follows as of December 31, 2014:

Year ending December 31:
2015	$	233,512
2016		239,565
2017		241,440
2018		194,340
2019		162,819
Thereafter		-
	$	1,071,676