GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2014

GOODWILL AND INTANGIBLE ASSETS

Schedule of change in balance for goodwill

	2014		2013		2012
Beginning of year	$	13,116,710	$	13,116,710	$	13,116,710
Acquired goodwill	—		—		—
Impairment	—		—		—
End of year	$	13,116,710	$	13,116,710	$	13,116,710

Schedule of acquired intangible assets

	2014				2013
	Gross				Gross
	Carrying		Accumulated		Carrying		Accumulated
	Amount		Amortization		Amount		Amortization
Amortized intangible assets:
Core deposit intangibles	$	2,530,102	$	2,353,102	$	2,530,102	$	2,213,342

Schedule of estimated amortization expense for each of the next five years

2015	$	121,000
2016	56,000
2017	—
2018	—
2019	—