DISCLOSURES REGARDING FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 2) - Nonrecurring Basis [Member] - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Impaired loans fair value	$ 4,143,772	$ 5,459,200
Other real estate owned fair value	521,943	620,394
Loans held for sale fair value	4,386,210	5,820,239
Total fair value	9,051,925	11,899,833
Significant Other Observable Inputs (Level 2) [Member]
Loans held for sale fair value	4,386,210	5,820,239
Total fair value	4,386,210	5,820,239
Significant Unobservable Inputs (Level 3) [Member]
Impaired loans fair value	4,143,772	5,459,200
Other real estate owned fair value	521,943	620,394
Total fair value	$ 4,665,715	$ 6,079,594