PREMISES, EQUIPMENT AND LEASEHOLD IMPROVEMENTS (Tables)

12 Months Ended

Dec. 31, 2018

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, 2018			December 31, 2017
Bank buildings	$	1,861,237		$	1,824,613
Land		838,075			838,075
Leasehold purchases		30,000			30,000
Leasehold improvements		709,520			690,212
Construction in progress		120,849			11,754
Equipment		3,526,404			3,405,686
		7,086,085			6,800,340
Accumulated depreciation		(4,750,878	)		(4,555,815	)
Total	$	2,335,207		$	2,244,525

Schedule of minimum rental commitments for leases

Minimum rental commitments for these leases as of December 31, 2018 are presented in the table below.

2019	$	619,492
2020		589,492
2021		589,492
2022		589,492
2023 and thereafter		8,603,721
Total	$	10,991,689