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Lease Obligations
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2012
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| Leases, Operating [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||
| Operating Leases of Lessor Disclosure [Text Block] |
Note 6 - Lease Obligations During the fourth quarter of 2011, the Bancorp entered into an agreement to lease commercial loan document preparation and credit management software under an operating lease that was set to expire in 2016. Implementation of the software is in process and no contract fees have yet been paid out during 2012. As of September 30, 2012, future minimum annual payments under this lease are expected to be as follows:
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- Details
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- Definition
The entire disclosure for operating leases of a lessor. This may include a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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