DISCLOSURES REGARDING FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 4) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Financial Assets:
Investments available for sale	$ 119,978,944	$ 119,997,585
Quoted Prices in Active Markets (Level 1) [Member]
Financial Assets:
Cash and due from banks	8,141,030	5,295,924
Interest-bearing deposits in other banks	18,101,300	23,898,862
Investments available for sale	23,939,063	34,633,673
Significant Other Observable Inputs (Level 2) [Member]
Financial Assets:
Investments available for sale	82,062,024	80,146,234
Mortgage loans to be sold	4,386,210	5,820,239
Accrued interest receivable	1,614,002	1,284,063
Financial Liabilities:
Demand Deposits	328,681,594	303,950,800
Time Deposits	43,856,383	54,780,915
Accrued interest payable	51,629	73,421
Significant Unobservable Inputs (Level 3) [Member]
Financial Assets:
Investments available for sale	13,977,857	5,217,678
Loans	260,406,669	242,581,154
Carrying Amount [Member]
Financial Assets:
Cash and due from banks	8,141,030	5,295,924
Interest-bearing deposits in other banks	18,101,300	23,898,862
Investments available for sale	119,978,944	119,997,585
Mortgage loans to be sold	4,386,210	5,820,239
Loans	260,576,115	242,622,705
Accrued interest receivable	1,614,002	1,284,063
Financial Liabilities:
Demand Deposits	328,681,594	303,950,800
Time Deposits	43,841,257	54,767,812
Accrued interest payable	51,629	73,421
Estimated Fair Value [Member]
Financial Assets:
Cash and due from banks	8,141,030	5,295,924
Interest-bearing deposits in other banks	18,101,300	23,898,862
Investments available for sale	119,978,944	119,997,585
Mortgage loans to be sold	4,386,210	5,820,239
Loans	260,406,669	242,581,154
Accrued interest receivable	1,614,002	1,284,063
Financial Liabilities:
Demand Deposits	328,681,594	303,950,800
Time Deposits	43,856,383	54,780,915
Accrued interest payable	$ 51,629	$ 73,421