Note 5 - Premises and Equipment

12 Months Ended

Dec. 31, 2015

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, 2015 and 2014:

	2015		2014
Land	$	6,655,796	$	7,100,393
Buildings (useful lives 15 to 50 years)		34,615,006		31,602,931
Furniture and equipment (useful lives 3 to 10 years)		24,953,570		23,142,643
		66,224,372		61,845,967
Less accumulated depreciation		28,874,020		25,824,839
	$	37,350,352	$	36,021,128

Certain facilities are leased under operating leases. Rental expense was $339,839, $484,868, and $795,816 for the years ended December 31, 2015, 2014, and 2013, respectively.

Future minimum rental commitments under noncancelable leases are as follows as of December 31, 2015:

Year ending December 31:
2016	$	239,565
2017		241,440
2018		194,340
2019		162,819
	$	838,164