PREMISES AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2014

PREMISES AND EQUIPMENT

Schedule of year-end premises and equipment

	2014			2013
Land and buildings	$	20,235,827		$	19,937,331
Furniture and equipment	16,790,975			16,056,371
	37,026,802			35,993,702
Less accumulated depreciation	(20,547,247		)	(19,284,740		)
	$	16,479,555		$	16,708,962

Schedule of minimum rental payments

2015	$	167,738
2016	167,738
2017	143,428
2018	145,580
2019	147,397
Thereafter	507,542
	$	1,279,423