SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)

12 Months Ended

Dec. 31, 2013

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

Summary of information concerning securities sold under agreements to repurchase

	2013			2012
Average daily balance during the year	$	28,496,423		$	25,945,603
Average interest rate during the year	0.04		%	0.06		%
Maximum month-end balance during the year	$	30,962,993		$	34,494,579
Weighted average interest rate at year-end	0.05		%	0.06		%