PREMISES, EQUIPMENT AND LEASEHOLD IMPROVEMENTS (Tables)

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Schedule of premises, equipment and leasehold improvements

Premises, equipment and leasehold improvements are summarized in the table below.

	December 31,
	2017			2016
Bank buildings	$	1,824,613		$	1,824,613
Land		838,075			838,075
Leasehold purchase		30,000			30,000
Lease improvements		690,212			690,212
Construction in process		11,754			11,754
Equipment		3,405,686			3,264,488
		6,800,340			6,659,142
Accumulated depreciation		(4,555,815	)		(4,362,518	)
Total	$	2,244,525		$	2,296,624

Schedule of minimum rental commitments for leases

Minimum rental commitments for these leases as of December 31, 2017 are presented in the table below.

2018	$	580,028
2019		594,713
2020		547,650
2021		552,922
2022 and thereafter		11,136,228
Total	$	13,411,541