ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

12 Months Ended

Dec. 31, 2017

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
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	)
Change in net unrealized gains (losses) on securities available for sale		(347,066	)
Reclassification adjustment for net securities gains included in net income		(45,820	)
Income tax expense		116,007
Reclassification of tax effects stranded in other comprehensive income by tax reform		187,692
Balance December 31, 2017	$	(696,296	)

Schedule of amounts reclassified from accumulated other comprehensive income

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

	Year ended December 31,
	2017			2016			2015
Gain on sale of investments, net	$	45,820		$	380,904		$	423,832
Tax effect		(15,578	)		(140,934	)		—
Total reclassification, net of tax	$	30,242		$	239,970		$	423,832