SECURITIES AVAILABLE FOR SALE (Tables)

12 Months Ended

Dec. 31, 2015

Investments, Debt and Equity Securities [Abstract]

Schedule of summary of amortized cost and fair values of securities with gross unrealized gains and losses

	December 31, 2015
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		(Losses)			Value
U.S. government agency obligations	$	29,183,789	$	26,006	$	(161,693	)	$	29,048,102
State and municipal securities		44,746,083		1,156,547		(168,391	)		45,734,239
Other securities		3,501		-		-			3,501
Mortgage-backed: residential		29,170,791		60,300		(260,319	)		28,970,772
	$	103,104,164	$	1,242,853	$	(590,403	)	$	103,756,614

	December 31, 2014
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		(Losses)			Value
U.S. government agency obligations	$	26,280,359	$	31,628	$	(442,381	)	$	25,869,606
State and municipal securities		44,828,579		1,025,719		(280,690	)		45,573,608
Other securities		3,501		-		-			3,501
Mortgage-backed: residential		32,800,032		176,321		(197,376	)		32,778,977
	$	103,912,471	$	1,233,668	$	(920,447	)	$	104,225,692

Schedule of unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position

	December 31, 2015
	Less than 12 Months					12 Months or More					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
U.S. government agency obligations	$	15,928,702	$	(82,008	)	$	5,934,944	$	(79,685	)	$	21,863,646	$	(161,693	)
State and municipal securities		7,666,691		(66,224	)		4,927,928		(102,167	)		12,594,619		(168,391	)
Mortgage-backed: residential		18,251,546		(183,188	)		4,227,473		(77,131	)		22,479,019		(260,319	)
	$	41,846,939	$	(331,420	)	$	15,090,345	$	(258,983	)	$	56,937,284	$	(590,403	)

	December 31, 2014
	Less than 12 Months					12 Months or More					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
U.S. government agency obligations	$	6,477,461	$	(26,717	)	$	12,615,391	$	(415,664	)	$	19,092,852	$	(442,381	)
State and municipal securities		7,102,666		(43,614	)		9,369,188		(237,076	)		16,471,854		(280,690	)
Mortgage-backed: residential		1,474,590		(28,841	)		15,744,126		(168,535	)		17,218,716		(197,376	)
	$	15,054,717	$	(99,172	)	$	37,728,705	$	(821,275	)	$	52,783,422	$	(920,447	)

Schedule of amortized cost and fair value by contractual maturity

	Amortized		Fair
	Cost		Value
Due in one year or less	$	6,109,210	$	6,113,631
Due after one year through five years		24,981,003		24,977,510
Due after five years through ten years		31,423,272		32,025,396
Due after ten years		11,416,387		11,665,804
Other securities - non-maturing		3,501		3,501
Mortgage-backed: residential		29,170,791		28,970,772
	$	103,104,164	$	103,756,614