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RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2014
Related Party Transactions Tables  
Schedule of related party loans

There were no outstanding loans to our executive officers as of December 31, 2014 and 2013. Related party loans are summarized as follows:

 

    DECEMBER 31,
    2014   2013
         
Balance at beginning of year   $ 9,196,360     $ 10,384,505  
New loans or advances     19,323,171       3,317,714  
Repayments     (21,543,302 )     (4,505,859 )
                 
Balance at end of year   $ 6,976,229     $ 9,196,360