INVESTMENT SECURITIES AVAILABLE FOR SALE (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Amortized Cost	$ 120,942,615	$ 118,422,116
Gross Unrealized Gains	936,448	1,783,297
Gross Unrealized Losses	(1,900,119)	(207,828)
Investments available for sale	119,978,944	119,997,585
U.S. Treasury Notes [Member]
Amortized Cost	24,148,295	34,517,996
Gross Unrealized Gains	41,153	161,037
Gross Unrealized Losses	(250,385)	(45,360)
Investments available for sale	23,939,063	34,633,673
Government-Sponsored Enterprises [Member]
Amortized Cost	51,737,930	51,136,426
Gross Unrealized Gains	129,482	281,650
Gross Unrealized Losses	(833,321)	(133,744)
Investments available for sale	51,034,091	51,284,332
Municipal Securties [Member]
Amortized Cost	45,056,390	32,767,694
Gross Unrealized Gains	765,813	1,340,610
Gross Unrealized Losses	(816,413)	(28,724)
Investments available for sale	$ 45,005,790	$ 34,079,580

Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 25
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=65884222&loc=d3e22054-111558

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Section 45
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Amount before tax of unrealized gain in accumulated other comprehensive income (AOCI) on investments in debt and equity securities classified as available-for-sale.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
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Amount before tax of unrealized loss in accumulated other comprehensive income (AOCI) on investments in debt and equity securities classified as available-for-sale.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
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-Section 50
-Paragraph 2
-Subparagraph (c)
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This item represents the cost of debt and equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.2)
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