FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Financial assets:
Federal Reserve Bank stock	$ 1,676,700	$ 1,676,700
Accrued interest receivable	1,803,158	1,620,309
Financial liabilities:
Non-interest bearing deposits	68,030,260	69,296,354
Interest-bearing deposits	446,427,082	463,861,939
Accrued interest payable	239,294	227,947
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and cash equivalents	$ 38,668,719	$ 79,232,566
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	$ 68,030,260	$ 69,296,354
Interest-bearing deposits	$ 311,720,985	$ 330,689,715
Federal Home Loan Bank advances
Securities sold under agreement to repurchase
Subordinated debentures
Accrued interest payable	$ 19,623	$ 14,621
Significant Other Observable Inputs (Level 2)
Financial assets:
Cash and cash equivalents
Interest-earning time deposits	$ 1,685,000	$ 1,685,000
Federal Home Loan Bank stock
Federal Reserve Bank stock
Loans, net (excluding impaired loans at fair value)
Loans held for sale	$ 938,366	$ 1,078,785
Accrued interest receivable	$ 611,093	$ 510,231
Financial liabilities:
Non-interest bearing deposits
Interest-bearing deposits	$ 135,563,512	$ 133,976,643
Federal Home Loan Bank advances	16,395,987	16,315,262
Securities sold under agreement to repurchase	19,181,030	19,732,766
Subordinated debentures	4,000,000	4,000,000
Accrued interest payable	$ 219,671	$ 213,326
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)	$ 442,639,256	$ 421,795,305
Loans held for sale
Accrued interest receivable	$ 1,192,065	$ 1,110,078
Financial liabilities:
Non-interest bearing deposits
Interest-bearing deposits
Federal Home Loan Bank advances
Securities sold under agreement to repurchase
Subordinated debentures
Accrued interest payable
Carrying Amount
Financial assets:
Cash and cash equivalents	$ 38,668,719	$ 79,232,566
Interest-earning time deposits	1,685,000	1,685,000
Federal Home Loan Bank stock	1,747,763	1,747,763
Federal Reserve Bank stock	1,676,700	1,676,700
Loans, net (excluding impaired loans at fair value)	438,553,871	419,686,001
Loans held for sale	938,366	1,078,785
Accrued interest receivable	1,803,158	1,620,309
Financial liabilities:
Non-interest bearing deposits	68,030,260	69,296,354
Interest-bearing deposits	446,427,082	463,861,939
Federal Home Loan Bank advances	15,997,420	15,995,485
Securities sold under agreement to repurchase	19,181,030	19,732,766
Subordinated debentures	4,000,000	4,000,000
Accrued interest payable	239,294	227,947
Fair Value
Financial assets:
Cash and cash equivalents	38,668,719	79,232,566
Interest-earning time deposits	1,685,000	1,685,000
Federal Home Loan Bank stock	0	0
Federal Reserve Bank stock	0	0
Loans, net (excluding impaired loans at fair value)	442,639,256	421,795,305
Loans held for sale	938,366	1,078,785
Accrued interest receivable	1,803,158	1,620,309
Financial liabilities:
Non-interest bearing deposits	68,030,260	69,296,354
Interest-bearing deposits	447,284,497	464,666,358
Federal Home Loan Bank advances	16,395,987	16,315,262
Securities sold under agreement to repurchase	19,181,030	19,732,766
Subordinated debentures	4,000,000	4,000,000
Accrued interest payable	$ 239,294	$ 227,947