INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2014

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, 2014:
U.S. government and agencies	$	10,630,874	$	103,887	$	(195,812	)	$	10,538,949
Mortgage-backed securities (government-       sponsored enterprises - residential)		48,365,899		416,864		(426,560	)		48,356,203
Municipal bonds		47,998,513		1,598,673		(680,891	)		48,916,295
	$	106,995,286	$	2,119,424	$	(1,303,263	)	$	107,811,447
December 31, 2013:
U.S. government and agencies	$	10,710,675	$	114,936	$	(405,535	)	$	10,420,076
Mortgage-backed securities (government-     sponsored enterprises - residential)		49,486,337		219,222		(1,359,904	)		48,345,655
Municipal bonds		50,889,046		1,053,134		(1,723,314	)		50,218,866
	$	111,086,058	$	1,387,292	$	(3,488,753	)	$	108,984,597

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

	Amortized		Fair
	Cost		Value
Within one year	$	95,658	$	96,307
One to five years		7,785,004		8,081,775
Five to ten years		25,427,676		25,880,922
After ten years		25,321,049		25,396,240
		58,629,387		59,455,244
Mortgage-backed securities (government-   sponsored enterprises - residential)		48,365,899		48,356,203
	$	106,995,286	$	107,811,447

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, 2014:
Municipal bonds	$	(17,144	)	$	1,926,262	$	(663,747	)	$	17,230,583	$	(680,891	)	$	19,156,845
U.S. government agencies		-			-		(195,812	)		4,948,380		(195,812	)		4,948,380
Mortgage-backed securities  (government sponsored
enterprises - residential)		(5,089	)		1,833,883		(421,471	)		20,831,355	$	(426,560	)	$	22,665,238
Total	$	(22,233	)	$	3,760,145	$	(1,281,030	)	$	43,010,318	$	(1,303,263	)	$	46,770,463
December 31, 2013:
Municipal bonds	$	(1,462,733	)	$	22,534,325	$	(260,581	)	$	2,759,523	$	(1,723,314	)	$	25,293,848
U.S. government agencies		(367,005	)		5,824,808		(38,530	)		470,324		(405,535	)		6,295,132
Mortgage-backed securities  (government sponsored
enterprises - residential)		(1,065,542	)		33,521,545		(294,362	)		6,087,526		(1,359,904	)		39,609,071
Total	$	(2,895,280	)	$	61,880,678	$	(593,473	)	$	9,317,373	$	(3,488,753	)	$	71,198,051