INVESTMENT (Tables)

6 Months Ended

Jun. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and approximate fair values with gross unrealized gains and losses of available for sale securities

			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
June 30, 2013:
U.S. government and agencies	$	11,303,602	$	132,720	$	(284,471	)	$	11,151,851
Mortgage-backed securities (government-
sponsored enterprises - residential)		50,357,410		342,900		(1,364,806	)		49,335,504
Municipal bonds		50,320,780		1,146,753		(2,030,779	)		49,436,754
	$	111,981,792	$	1,622,373	$	(3,680,056	)	$	109,924,109
December 31, 2012:
U.S. government and agencies	$	10,090,835	$	248,601	$	(10,556	)	$	10,328,880
Mortgage-backed securities (government-
sponsored enterprises - residential)		50,917,555		1,134,245		(95,319	)		51,956,481
Municipal bonds		49,990,655		3,264,169		(152,362	)		53,102,462
	$	110,999,045	$	4,647,015	$	(258,237	)	$	115,387,823

Schedule of amortized cost and fair value of available-for-sale securities by contractual maturities

	Amortized		Fair
	Cost		Value
Within one year	$	100,814	$	101,369
One to five years		10,272,899		10,634,124
Five to ten years		22,312,885		22,240,606
After ten years		28,937,784		27,612,506
		61,624,382		60,588,605
Mortgage-backed securities (government-
sponsored enterprises - residential)		50,357,410		49,335,504
	$	111,981,792	$	109,924,109

Schedule of gross unrealized losses and fair value in continuous loss position

	Less Than Twelve Months					Twelve Months or More					Total
	Gross					Gross					Gross
	Unrealized			Fair		Unrealized			Fair		Unrealized			Fair
	Losses			Value		Losses			Value		Losses			Value
June 30, 2013:
Municipal bonds	$	(2,019,789	)	$	22,730,151	$	(10,990	)	$	158,375	$	(2,030,779	)	$	22,888,526
U.S. government and agencies		(284,471	)		6,002,570		-			-		(284,471	)		6,002,570
Subtotal		(2,304,260	)		28,732,721		(10,990	)		158,375		(2,315,250	)		28,891,096
Mortgage-backed securities
(government sponsored
enterprises - residential)		(1,364,806	)		36,109,729		-			-	$	(1,364,806	)	$	36,109,729
Total	$	(3,669,066	)	$	64,842,450	$	(10,990	)	$	158,375	$	(3,680,056	)	$	65,000,825
December 31, 2012:
Municipal bonds	$	(152,362	)	$	7,237,453	$	-		$	-	$	(152,362	)	$	7,237,453
U.S. government and agencies		(10,556	)		545,291		-			-		(10,556	)		545,291
Subtotal		(162,918	)		7,782,744		-			-		(162,918	)		7,782,744
Mortgage-backed securities
(government sponsored
enterprises - residential)		(95,319	)		16,172,999		-			-		(95,319	)		16,172,999
Total	$	(258,237	)	$	23,955,743	$	-		$	-	$	(258,237	)	$	23,955,743