MORTGAGE SERVICING RIGHTS (Tables)

9 Months Ended

Sep. 30, 2014

Transfers and Servicing [Abstract]

Schedule of activity in balance of mortgage servicing rights measured using amortization method

	September 30, 2014			December 31, 2013
Balance, beginning of year	$	673,576		$	664,436
Servicing rights capitalized		43,883			101,538
Amortization of servicing rights		(82,440	)		(148,285	)
Change in valuation allowance		11,207			55,887
Balance, end of period	$	646,226		$	673,576

Schedule of activity in valuation allowance for mortgage servicing rights

	September 30, 2014			December 31, 2013
Balance, beginning of year	$	73,392		$	129,279
Additions		-			-
Reductions		(11,207	)		(55,887	)
Balance, end of period	$	62,185		$	73,392