LEASES	12 Months Ended
Dec. 31, 2011
Notes to Financial Statements
LEASES	The Company leases a Kings Mountain branch location. The operating lease had an original term of two years and three months, expiring on March 31, 2010. The lease currently renews on a month-to-month basis. Under the terms of the lease, the monthly rental payment is $2,650 or $31,800 per year. The total lease expense included in the statement of operations for the years ended December 31, 2011 and December 31, 2010 was $35,966 and $36,191, respectively.

LEASES

12 Months Ended

Dec. 31, 2011

The Company leases a Kings Mountain branch location. The operating lease had an original term of two years and three months, expiring on March 31, 2010. The lease currently renews on a month-to-month basis. Under the terms of the lease, the monthly rental payment is $2,650 or $31,800 per year.

The total lease expense included in the statement of operations for the years ended December 31, 2011 and December 31, 2010 was $35,966 and $36,191, respectively.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References+ Details

AB&T Financial CORP 10-K