XML 30 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
LOANS (Tables)
 6 Months Ended
Jun. 30, 2016
LOANS [Abstract]  
Major Components of Loans
The major components of loans in the balance sheets at June 30, 2016 and December 31, 2015 are below.

  
2016
  
2015
 
       
Commercial
 
$
54,296,937
  
$
51,930,870
 
Real estate:
        
Construction and land development
  
9,334,109
   
9,669,380
 
Residential, 1-4 families
  
44,070,693
   
43,830,689
 
Residential, 5 or more families
  
1,100,398
   
1,155,535
 
Farmland
  
6,648,149
   
6,043,944
 
Nonfarm, nonresidential
  
90,222,849
   
82,595,636
 
Agricultural
  
1,444,955
   
1,609,150
 
Consumer, net of discounts of $19,804 in 2016 and $11,950 in 2015
  
4,407,255
   
4,532,179
 
   
211,525,345
   
201,367,383
 
Deferred loan origination costs, net of (fees)
  
239,268
   
164,420
 
   
211,764,613
   
201,531,803
 
Allowance for loan losses
  
(3,846,517
)
  
(3,626,908
)
  
$
207,918,096
  
$
197,904,895