FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Financial assets:
Federal Reserve Bank stock	$ 1,676,700	$ 1,676,700
Accrued interest receivable	1,901,154	1,762,310
Financial liabilities:
Non-interest bearing deposits	60,481,367	68,170,743
Interest-bearing deposits	438,762,367	442,135,896
Accrued interest payable	206,941	174,480
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and cash equivalents	$ 44,225,887	$ 49,066,462
Interest-earning time deposits
Federal Home Loan Bank stock
Federal Reserve Bank stock
Loans, net (excluding impaired loans at fair value)
Loans held for sale
Accrued interest receivable
Financial liabilities:
Non-interest bearing deposits	$ 60,481,367	$ 68,170,743
Interest-bearing deposits	$ 306,298,058	$ 314,508,234
Federal Home Loan Bank advances
Securities sold under agreements to repurchase
Subordinated debentures
Accrued interest payable	$ 11,019	$ 14,359
Significant Other Observable Inputs (Level 2)
Financial assets:
Cash and cash equivalents
Interest-earning time deposits	$ 3,475,148	$ 2,021,970
Federal Home Loan Bank stock
Federal Reserve Bank stock
Loans, net (excluding impaired loans at fair value)
Loans held for sale	$ 697,625	$ 100,000
Accrued interest receivable	$ 594,742	$ 506,888
Financial liabilities:
Non-interest bearing deposits
Interest-bearing deposits	$ 133,222,402	$ 128,258,671
Federal Home Loan Bank advances	17,548,608	2,542,945
Securities sold under agreements to repurchase	12,040,148	11,848,266
Subordinated debentures	4,000,000	4,000,000
Accrued interest payable	$ 195,922	$ 160,121
Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and cash equivalents
Interest-earning time deposits
Federal Home Loan Bank stock
Federal Reserve Bank stock
Loans, net (excluding impaired loans at fair value)	$ 416,960,005	$ 402,238,073
Loans held for sale
Accrued interest receivable	$ 1,306,412	$ 1,255,422
Financial liabilities:
Non-interest bearing deposits
Interest-bearing deposits
Federal Home Loan Bank advances
Securities sold under agreements to repurchase
Subordinated debentures
Accrued interest payable
Carrying Amount
Financial assets:
Cash and cash equivalents	$ 44,225,887	$ 49,066,462
Interest-earning time deposits	3,475,148	2,021,970
Federal Home Loan Bank stock	1,747,763	2,887,763
Federal Reserve Bank stock	1,676,700	1,676,700
Loans, net (excluding impaired loans at fair value)	410,530,413	398,853,600
Loans held for sale	697,625	100,000
Accrued interest receivable	1,901,154	1,762,310
Financial liabilities:
Non-interest bearing deposits	60,481,367	68,170,743
Interest-bearing deposits	438,762,367	442,135,896
Federal Home Loan Bank advances	17,493,550	2,487,745
Securities sold under agreements to repurchase	12,040,148	11,848,266
Subordinated debentures	4,000,000	4,000,000
Accrued interest payable	206,941	174,480
Fair Value
Financial assets:
Cash and cash equivalents	44,225,887	49,066,462
Interest-earning time deposits	$ 3,475,148	$ 2,021,970
Federal Home Loan Bank stock
Federal Reserve Bank stock
Loans, net (excluding impaired loans at fair value)	$ 416,960,005	$ 402,238,073
Loans held for sale	697,625	100,000
Accrued interest receivable	1,901,154	1,762,310
Financial liabilities:
Non-interest bearing deposits	60,481,367	68,170,743
Interest-bearing deposits	439,520,460	442,766,905
Federal Home Loan Bank advances	17,548,608	2,542,945
Securities sold under agreements to repurchase	12,040,148	11,848,266
Subordinated debentures	4,000,000	4,000,000
Accrued interest payable	$ 206,941	$ 174,480