MORTGAGE-BACKED SECURITIES (Tables) (Mortgage-backed securities)

12 Months Ended

Dec. 31, 2012

Mortgage-backed securities

MORTGAGE-BACKED SECURITIES

Summary of amortized cost and estimated fair value of available for sale securities

	December 31, 2012
				Gross		Gross		Estimated
	Amortized			Unrealized		Unrealized		Fair
	Cost			Gains		Losses		Value
AVAILABLE FOR SALE:
FHLMC pass-through certificates	3,220,880			141,916		—		3,362,796
FNMA pass-through certificates	8,667,364			467,908		—		9,135,272
Other pass-through certificates	11,536,733			774,564		—		12,311,297
	$	23,424,977		$	1,384,388	$	—	$	24,809,365
Weighted average interest rate	3.58		%

	December 31, 2011
				Gross		Gross		Estimated
	Amortized			Unrealized		Unrealized		Fair
	Cost			Gains		Losses		Value
AVAILABLE FOR SALE:
GNMA certificates	$	7,126,518		$	226,129	$	—	$	7,352,647
Private label collaterized mortgage obligations	17,026,220			17,241		684,135		16,359,326
FHLMC pass-through certificates	4,904,114			181,994		—		5,086,108
FNMA pass-through certificates	20,036,967			443,052		—		20,480,019
Freddie Mac pass-through certificates	23,024,218			348,993				23,373,211
Other pass-through certificates	7,634,231			522,715		—		8,156,946
	$	79,752,268		$	1,740,124	$	684,135	$	80,808,257
Weighted average interest rate	4.08		%

Summary of gross unrealized losses and fair value aggregate by investment category and length of time

	December 31, 2012				December 31, 2011
			Continuous				Continuous
	Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses
Less than 12 months	$	—	$	—	$	—	$	—
More than 12 months	—		—		16,055,478		684,135
Total	$	—	$	—	$	16,055,478	$	684,135

Schedule of proceeds from sale of mortgage-backed securities

	December 31, 2012
					Gross Realized
	Carrying				Gain
	Value		Proceeds		on sales
MBS - available-for-sale	$	53,618,467	$	53,807,731	$	189,264
	$	53,618,467	$	53,807,731	$	189,264

	December 31, 2011
					Gross Realized
	Carrying				Gain
	Value		Proceeds		on sales
MBS - available-for-sale	$	10,972,982	$	11,374,034	$	401,052
	$	10,972,982	$	11,374,034	$	401,052