| Note 6. | Investment in bank owned life insurance |
The Bank is owner and designated beneficiary on life insurance policies in the face amount of $13,101,000 covering certain of its directors and executive officers. The earnings from these policies are used to offset expenses related to retirement plans. The cash surrender value of these policies at December 31, 2013 and 2012 was approximately $6,765,000 and $6,575,000, respectively.