LOANS (Tables)

12 Months Ended

Dec. 31, 2015

Loans and Leases Receivable Disclosure [Abstract]

Schedule of components of loans

	At December 31,
	2015			2014
Real estate loans:
One-to-four family	$	110,792,710		$	117,591,822
Multi-family		41,182,067			41,391,862
Commercial		153,634,426			129,415,314
Construction and land		13,588,626			28,590,745
		319,197,829			316,989,743
Commercial business		89,743,511			73,984,867
Consumer:
Home equity		13,656,008			13,523,985
Automobile and other		3,523,696			1,772,431
		17,179,704			15,296,416
Total gross loans		426,121,044			406,271,026
Deferred loan origination costs, net		228,764			194,820
Allowance for loan losses		(5,886,225	)		(5,561,442	)
Loans, net	$	420,463,583		$	400,904,404

Schedule of past-due loans

December 31, 2015
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Past Due Loans		Current Loans		Total		Accruing Loans 90 or More Days Past Due
Real estate loans:
One-to-four family	$	331,479	$	259,240	$	33,839	$	624,558	$	110,168,152	$	110,792,710	$	-
Multi-family		-		-		-		-		41,182,067		41,182,067		-
Commercial		-		-		111,706		111,706		153,522,720		153,634,426		-
Construction and land		-		-		-		-		13,588,626		13,588,626		-
		331,479		259,240		145,545		736,264		318,461,565		319,197,829		-
Commercial business		-		-		87,254		87,254		89,656,257		89,743,511		-
Consumer:
Home equity		57,625		-		89,407		147,032		13,508,976		13,656,008		-
Automobile and other		500		-		-		500		3,523,196		3,523,696		-
		58,125		-		89,407		147,532		17,032,172		17,179,704		-
Total	$	389,604	$	259,240	$	322,206	$	971,050	$	425,149,994	$	426,121,044	$	-

December 31, 2014
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Past Due Loans		Current Loans		Total		Accruing Loans 90 or More Days Past Due
Real estate loans:
One-to-four family	$	843,185	$	166,965	$	408,228	$	1,418,378	$	116,173,444	$	117,591,822	$	-
Multi-family		-		-		-		-		41,391,862		41,391,862		-
Commercial		100,220		-		29,810		130,030		129,285,284		129,415,314		-
Construction and land		-		-		-		-		28,590,745		28,590,745		-
		943,405		166,965		438,038		1,548,408		315,441,335		316,989,743		-
Commercial business		-		25,095		-		25,095		73,959,772		73,984,867		-
Consumer:
Home equity		41,930		-		48,088		90,018		13,433,967		13,523,985		-
Automobile and other		-		-		-		-		1,772,431		1,772,431		-
		41,930		-		48,088		90,018		15,206,398		15,296,416		-
Total	$	985,335	$	192,060	$	486,126	$	1,663,521	$	404,607,505	$	406,271,026	$	-

Schedule of non-accrual loans

	At December 31,
	2015		2014
Real estate loans:
One-to-four family	$	601,833	$	589,170
Multi-family		995,659		1,340,779
Commercial		1,245,023		1,242,009
Construction and land		-		1,431,619
		2,842,515		4,603,577
Commercial business		263,233		25,095
Consumer:
Home equity		124,627		48,088
Automobile and other		8,558		-
		133,185		48,088
Total non-accrual loans	$	3,238,933	$	4,676,760

Schedule of activity in the allowance for loan losses

Year ended December 31, 2015
	Beginning Balance		Charge-offs			Recoveries		Provision			Ending Balance
Real estate loans:
One-to-four family	$	1,119,762	$	(25,258	)	$	21,576	$	23,650		$	1,139,730
Multi-family		436,833		-			11,753		25,782			474,368
Commercial		1,650,290		(79,248	)		11,923		401,123			1,984,088
Construction and land		1,194,917		-			811,350		(1,508,275	)		497,992
		4,401,802		(104,506	)		856,602		(1,057,720	)		4,096,178
Commercial business		951,215		-			73,761		409,711			1,434,687
Consumer
Home equity		198,150		-			-		81,520			279,670
Automobile and other		10,275		(1,900	)		826		66,489			75,690
		208,425		(1,900	)		826		148,009			355,360
Total	$	5,561,442	$	(106,406	)	$	931,189	$	(500,000	)	$	5,886,225

Year ended December 31, 2014
	Beginning Balance		Charge-offs			Recoveries		Provision			Ending Balance
Real estate loans:
One-to-four family	$	1,424,663	$	(263,258	)	$	466,287	$	(507,930	)	$	1,119,762
Multi-family		661,358		-			-		(224,525	)		436,833
Commercial		1,454,455		(1,876	)		-		197,711			1,650,290
Construction and land		668,085		-			230,000		296,832			1,194,917
		4,208,561		(265,134	)		696,287		(237,912	)		4,401,802
Commercial business		1,219,080		(190,255	)		13,048		(90,658	)		951,215
Consumer
Home equity		116,478		(43,519	)		9,402		115,789			198,150
Automobile and other		46,549		-			945		(37,219	)		10,275
		163,027		(43,519	)		10,347		78,570			208,425
Total	$	5,590,668	$	(498,908	)	$	719,682	$	(250,000	)	$	5,561,442

Schedule of allocation of the allowance for loan losses and the loan balances between loans evaluated both individually and collectively

December 31, 2015
	Period-end allowance allocated to loans:						Loans evaluated for impairment:
	Individually evaluated for impairment		Collectively evaluated for impairment		Ending Balance		Individually		Collectively		Ending Balance
Real estate loans:
One-to-four family	$	116,724	$	1,023,006	$	1,139,730	$	905,974	$	109,886,736	$	110,792,710
Multi-family		-		474,368		474,368		995,659		40,186,408		41,182,067
Commercial		183,966		1,800,122		1,984,088		2,735,652		150,898,774		153,634,426
Construction and land		-		497,992		497,992		186,888		13,401,738		13,588,626
		300,690		3,795,488		4,096,178		4,824,173		314,373,656		319,197,829
Commercial business		259,787		1,174,900		1,434,687		586,103		89,157,408		89,743,511
Consumer:
Home equity		49,782		229,888		279,670		141,649		13,514,359		13,656,008
Automobile and other		-		75,690		75,690		8,558		3,515,138		3,523,696
		49,782		305,578		355,360		150,207		17,029,497		17,179,704
Total	$	610,259	$	5,275,966	$	5,886,225	$	5,560,483	$	420,560,561	$	426,121,044

December 31, 2014
	Period-end allowance allocated to loans:						Loans evaluated for impairment:
	Individually evaluated for impairment		Collectively evaluated for impairment		Ending Balance		Individually		Collectively		Ending Balance
Real estate loans:
One-to-four family	$	91,688	$	1,028,074	$	1,119,762	$	1,266,717	$	116,325,105	$	117,591,822
Multi-family		-		436,833		436,833		1,340,779		40,051,083		41,391,862
Commercial		155,863		1,494,427		1,650,290		2,267,362		127,147,952		129,415,314
Construction and land		-		1,194,917		1,194,917		1,639,030		26,951,715		28,590,745
		247,551		4,154,251		4,401,802		6,513,888		310,475,855		316,989,743
Commercial business		115,446		835,769		951,215		140,541		73,844,326		73,984,867
Consumer:
Home equity		9,902		188,248		198,150		65,452		13,458,533		13,523,985
Automobile and other		-		10,275		10,275		-		1,772,431		1,772,431
		9,902		198,523		208,425		65,452		15,230,964		15,296,416
Total	$	372,899	$	5,188,543	$	5,561,442	$	6,719,881	$	399,551,145	$	406,271,026

Schedule of credit quality indicators

December 31, 2015
	Pass		Special Mention		Substandard		Doubtful		Total
Real estate loans:
One-to-four family	$	109,161,526	$	772,127	$	859,057	$	-	$	110,792,710
Multi-family		37,571,827		2,614,581		995,659		-		41,182,067
Commercial		143,837,755		5,295,878		4,500,793		-		153,634,426
Construction and land		13,143,977		-		444,649		-		13,588,626
		303,715,085		8,682,586		6,800,158		-		319,197,829
Commercial business		85,604,981		3,323,003		815,527		-		89,743,511
Consumer:
Home equity		13,504,552		-		68,241		83,215		13,656,008
Automobile and other		3,510,289		-		4,849		8,558		3,523,696
		17,014,841		-		73,090		91,773		17,179,704
Total	$	406,334,907	$	12,005,589	$	7,688,775	$	91,773	$	426,121,044

December 31, 2014
	Pass		Special Mention		Substandard		Doubtful		Total
Real estate loans:
One-to-four family	$	116,218,120	$	280,067	$	936,372	$	157,263	$	117,591,822
Multi-family		37,340,022		2,711,061		1,340,779		-		41,391,862
Commercial		113,447,231		12,016,499		3,951,584		-		129,415,314
Construction and land		26,892,171		-		1,698,574		-		28,590,745
		293,897,544		15,007,627		7,927,309		157,263		316,989,743
Commercial business		73,372,401		471,925		140,541		-		73,984,867
Consumer:
Home equity		13,444,685		-		79,300		-		13,523,985
Automobile and other		1,772,431		-		-		-		1,772,431
		15,217,116		-		79,300		-		15,296,416
Total	$	382,487,061	$	15,479,552	$	8,147,150	$	157,263	$	406,271,026

Schedule of impaired loans

	As of December 31, 2015						As of December 31, 2014
	Unpaid Contractual Principal Balance		Recorded Investment		Allowance for Loan Losses Allocated		Unpaid Contractual Principal Balance		Recorded Investment		Allowance for Loan Losses Allocated
With no related allowance recorded:
Real estate loans:
One-to-four family	$	648,750	$	648,750	$	-	$	551,510	$	467,191	$	-
Multi-family		1,478,137		995,659		-		1,823,257		1,340,779		-
Commercial		2,246,797		2,193,291		-		768,533		768,533		-
Construction and land		186,888		186,888		-		3,412,264		1,639,030		-
		4,560,572		4,024,588		-		6,555,564		4,215,533		-
Commercial business		87,254		87,254		-		215,350		25,095		-
Consumer:
Home equity		52,242		52,242		-		55,550		55,550		-
Automobile and other		8,558		8,558		-		-		-		-
		60,800		60,800		-		55,550		55,550		-
Subtotal	$	4,708,626	$	4,172,642	$	-	$	6,826,464	$	4,296,178	$	-
With an allowance recorded:
Real estate loans:
One-to-four family	$	257,224	$	257,224	$	116,724	$	851,010	$	799,526	$	91,688
Commercial		685,759		542,361		183,966		1,691,064		1,498,829		155,863
		942,983		799,585		300,690		2,542,074		2,298,355		247,551
Commercial business		498,849		498,849		259,787		115,446		115,446		115,446
Consumer:
Home equity		89,407		89,407		49,782		9,902		9,902		9,902
Subtotal		1,531,239		1,387,841		610,259		2,667,422		2,423,703		372,899
Total	$	6,239,865	$	5,560,483	$	610,259	$	9,493,886	$	6,719,881	$	372,899

	For the year ended December 31, 2015						For the year ended December 31, 2014
	Average Recorded Investment		Interest Income Recognized		Cash Basis Interest Recognized		Average Recorded Investment		Interest Income Recognized		Cash Basis Interest Recognized
With no related allowance recorded:
Real estate loans:
One-to-four family	$	710,678	$	2,200	$	-	$	633,963	$	2,306	$	-
Multi-family		1,123,043		30		-		1,309,419		30		-
Commercial		1,417,242		26,003		-		853,898		7,709		-
Construction and land		745,332		2,144		-		1,183,097		2,376		-
		3,996,295		30,377		-		3,980,377		12,421		-
Commercial business		22,470		389		-		345,137		-		-
Consumer:
Home equity		53,926		1,096		-		106,734		1,101		-
Automobile and other		1,712		-		-		-		-		-
		55,638		1,096		-		106,734		1,101		-
Subtotal	$	4,074,403	$	31,862	$	-	$	4,432,248	$	13,522	$	-
With an allowance recorded:
Real estate loans:
One-to-four family	$	481,678	$	8,968	$	-	$	667,999	$	11,874	$	-
Multi-family		-		-		-		414,443		-		-
Commercial		933,199		8,823		-		1,367,490		18,584		-
Construction and land		-		2,430		-		53,062		2,430		-
		1,414,877		20,221		-		2,502,994		32,888		-
Commercial business		305,930		11,498		-		121,785		8,577		-
Consumer:
Home equity		58,779		68		-		2,475		-		-
Automobile and other		394		-		-		-		-		-
		59,173		68		-		2,475		-		-
Subtotal		1,779,980		31,787		-		2,627,254		41,465		-
Total	$	5,854,383	$	63,649	$	-	$	7,059,502	$	54,987	$	-

Schedule of loans by class that were modified as troubled debt restructurings

Year ended December 31, 2015
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Real estate loans:
Commercial		2	$	1,000,116	$	1,000,116
Commercial business		1		162,167	$	162,167
Consumer:
Home equity		1		35,221		35,221
Total		4	$	1,197,504	$	1,197,504

Year ended December 31, 2014
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Real estate loans:
One-to-four family		2	$	504,465	$	504,465
Construction and land		1		985,787		985,787
Total		3	$	1,490,252	$	1,490,252

Schedule of summary of changes in loans to directors, executive officers, their immediate families and companies in which these individuals have a 10% or more beneficial ownership

	Year Ended
	December 31,
	2015			2014
Balance, beginning of year	$	11,845,673		$	7,932,877
Additions		1,219,504			7,066,199
Repayments		(1,231,984	)		(3,050,455	)
Change in status of borrower		-			(102,948	)
Balance, end of year	$	11,833,193		$	11,845,673