SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2012

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of basic and diluted earnings per share

	Year Ended
	December 31,
	2012		2011
Net income	$	4,064,501	$	1,895,028
Basic potential common shares:
Weighted average shares outstanding	7,632,662		7,858,511
Weighted average unallocated Employee Stock Ownership Plan shares	—		(105,924		)
Basic weighted average shares outstanding	7,632,662		7,752,587
Dilutive potential common shares	—		—
Diluted weighted average shares outstanding	7,632,662		7,752,587
Basic and diluted earnings per share	$	0.53	$	0.24