ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Schedule of reclassification in accumulated other comprehensive income

The following table summarizes the components of accumulated other comprehensive income (loss) and changes in those components as of and for the years ended December 31:

Available for sale securities
Beginning Balance December 31, 2013	$	955,900
Change in net unrealized gains (losses) on securities available for sale		768,326
Reclassification adjustment for net securities gains included in net income		(312,577	)
Income tax expense (benefit)		(168,627	)
Balance December 31, 2014		1,243,022
Change in net unrealized gains (losses) on securities available for sale		26,255
Reclassification adjustment for net securities gains included in net income		(423,832	)
Income tax expense (benefit)		147,104
Balance December 31, 2015		992,549
Change in net unrealized gains (losses) on securities available for sale		(2,158,236	)
Reclassification adjustment for net securities gains included in net income		(380,904	)
Income tax expense		939,482
Balance December 31, 2016	$	(607,109	)

Schedule of amounts reclassified from accumulated other comprehensive income

The following table shows the line items in the consolidated Statements of Operations affected by amounts reclassified from accumulated other comprehensive income (loss):

Year Ended December 31,
	2016			2015		2014
Gain on sale of investments, net	$	380,904		$	423,832	$	312,577
Tax effect		(140,934	)		—		—
Total reclassification, net of tax	$	239,970		$	423,832	$	312,577