DUE TO DEPOSITORS (Tables)

12 Months Ended

Dec. 31, 2015

Due to depositors [Abstract]

Summary of Deposits [Table Text Block]

Deposits are summarized as follows:

	At December 31, 2015					At December 31, 2014
	Effective Cost			Liability		Effective Cost			Liability
Savings accounts		0.05	%	$	368,671		0.05	%	$	372,753
Certificates of deposit ("CDs")		1.44			858,847		1.43			926,318
Money market accounts		0.81			1,618,617		0.61			1,094,698
Interest bearing checking accounts		0.08			78,994		0.08			78,430
Non-interest bearing checking accounts		-			259,181		-			187,593
TOTAL		0.81	%	$	3,184,310		0.76	%	$	2,659,792

Summary of future maturities of CDs outstanding [Table Text Block]

The following table presents a summary of future maturities of CDs outstanding at December 31, 2015:

Year Ending December 31,	Maturing Balance		Weighted Average Interest Rate
2016	$	304,694		0.88	%
2017		266,060		1.50
2018		126,345		2.04
2019		114,711		1.98
2020		40,848		1.66
2021 and beyond		6,189		1.72
TOTAL	$	858,847		1.44	%(1)

(1) The weighted average cost of CDs, inclusive of their contractual compounding of interest, was 1.44% at December 31, 2015.

CDs that met or exceeded the Federal Deposit Insurance Corporation ("FDIC") Insurance limit of two-hundred and fifty thousand dollars were approximately $138,022 and $122,603 at December 31, 2015 and 2014, respectively.