LOAN PORTFOLIO COMPOSITION (Tables)

6 Months Ended

Jun. 30, 2015

Receivables [Abstract]

Schedule of composition of loan portfolio

	June 30, 2015				December 31, 2014
		Amount	Percent			Amount	Percent
Real estate loans:
One-to-four family residential	$	42,895,033	23.2	%	$	44,561,089	24.2	%
Commercial		39,843,156	21.6			40,474,855	21.9
Agricultural		43,624,784	23.6			40,119,130	21.7
Home equity		11,182,130	6.0			11,283,264	6.1
Total real estate loans		137,545,103	74.4			136,438,338	73.9
Commercial loans		25,113,932	13.6			26,813,880	14.5
Agricultural loans		12,227,735	6.6			11,844,973	6.4
Consumer loans		12,906,675	7.0			12,587,101	6.8
Total loans receivable		187,793,445	101.6			187,684,292	101.6
Less:
Net deferred loan fees		12,550	0.0			9,416	0.0
Allowance for loan losses		2,923,046	1.6			2,956,264	1.6
Total loans receivable, net	$	184,857,849	100.0	%	$	184,718,612	100.0	%

Schedule of allowance for loan losses and recorded investment in loans based on portfolio segment and impairment method

	June 30, 2015
	1-4 Family			Commercial Real Estate			Agricultural Real Estate		Home Equity			Commercial			Agricultural		Consumer			Unallocated			Total
Allowance for Loan Losses:
Beginning Balance, April 1, 2015	$	1,032,299		$	799,534		$	212,051	$	162,167		$	401,231		$	116,529	$	159,703		$	87,482		$	2,970,996
Provision charged to expense		(15,895	)		41,544			1,759		(4,591	)		(9,263	)		8,533		19,578			(6,665	)		35,000
Losses charged off		(105,118	)		-			-		-			-			-		(6,822	)		-			(111,940	)
Recoveries		19,447			6,346			-		525			26			-		2,646			-			28,990
Ending balance, June 30, 2015	$	930,733		$	847,424		$	213,810	$	158,101		$	391,994		$	125,062	$	175,105		$	80,817		$	2,923,046
Beginning Balance, January 1, 2015	$	999,260		$	855,463		$	195,546	$	205,577		$	421,809		$	57,934	$	167,319		$	53,356		$	2,956,264
Provision charged to expense		16,844			4,334			18,264		(57,014	)		(29,926	)		67,128		17,909			27,461			65,000
Losses charged off		(105,118	)		(27,464	)		-		-			-			-		(13,252	)		-			(145,834	)
Recoveries		19,747			15,091			-		9,538			111			-		3,129			-			47,616
Ending balance, June 30, 2015	$	930,733		$	847,424		$	213,810	$	158,101		$	391,994		$	125,062	$	175,105		$	80,817		$	2,923,046
Ending balance:
individually evaluated for impairment	$	192,916		$	430,596		$	-	$	9,982		$	141,946		$	-	$	-		$	-		$	775,440
Ending balance:
collectively evaluated for impairment	$	737,817		$	416,828		$	213,810	$	148,119		$	250,048		$	125,062	$	175,105		$	80,817		$	2,147,606
Loans:
Ending balance	$	42,895,033		$	39,843,156		$	43,624,784	$	11,182,130		$	25,113,932		$	12,227,735	$	12,906,675		$	-		$	187,793,445
Ending balance:
individually evaluated for impairment	$	681,410		$	1,569,830		$	862,765	$	43,046		$	221,519		$	375,979	$	1,149		$	-		$	3,755,698
Ending balance:
collectively evaluated for impairment	$	42,213,623		$	38,273,326		$	42,762,019	$	11,139,084		$	24,892,413		$	11,851,756	$	12,905,526		$	-		$	184,037,747

	June 30, 2014
	1-4 Family			Commercial Real Estate			Agricultural Real Estate			Home Equity			Commercial			Agricultural			Consumer			Unallocated		Total
Allowance for Loan Losses:
Beginning Balance, April 1, 2014	$	1,062,470		$	714,561		$	178,854		$	198,395		$	834,930		$	43,650		$	199,926		$	135,696	$	3,368,482
Provision charged to expense		(32,365	)		86,603			(3,151	)		(23,445	)		(96,626	)		6,590			(16,481	)		108,875		30,000
Losses charged off		(30,000	)		(30,000	)		-			-			-			-			-			-		(60,000	)
Recoveries		660			168			-			525			32			-			1,400			-		2,785
Ending balance, June 30, 2014	$	1,000,765		$	771,332		$	175,703		$	175,475		$	738,336		$	50,240		$	184,845		$	244,571	$	3,341,267
Beginning Balance, January 1, 2014	$	856,144		$	745,760		$	175,028		$	201,993		$	1,034,189		$	52,798		$	184,848		$	155,674	$	3,406,434
Provision charged to expense		173,661			118,878			675			(27,568	)		(295,885	)		(2,558	)		3,900			88,897		60,000
Losses charged off		(30,000	)		(93,474	)		-			-			-			-			(5,503	)		-		(128,977	)
Recoveries		960			168			-			1,050			32			-			1,600			-		3,810
Ending balance, June 30, 2014	$	1,000,765		$	771,332		$	175,703		$	175,475		$	738,336		$	50,240		$	184,845		$	244,571	$	3,341,267
Ending balance:
individually evaluated for impairment	$	151,622		$	305,955		$	-		$	-		$	460,722		$	-		$	11,689		$	-	$	929,988
Ending balance:
collectively evaluated for impairment	$	849,143		$	465,377		$	175,703		$	175,475		$	277,614		$	50,240		$	173,156		$	244,571	$	2,411,279
Loans:
Ending balance	$	43,684,425		$	37,004,558		$	35,266,843		$	10,831,605		$	27,187,727		$	10,047,982		$	13,223,710		$	-	$	177,246,850
Ending balance:
individually evaluated for impairment	$	533,710		$	1,457,895		$	126,323		$	29,246		$	547,437		$	-		$	110,179		$	-	$	2,804,790
Ending balance:
collectively evaluated for impairment	$	43,150,715		$	35,546,663		$	35,140,520		$	10,802,359		$	26,640,290		$	10,047,982		$	13,113,531		$	-	$	174,442,060

	December 31, 2014
	1-4 Family			Commercial Real Estate			Agricultural Real Estate		Home Equity			Commercial			Agricultural		Consumer			Unallocated			Total
Allowance for Loan Losses:
Beginning Balance, December 31, 2013	$	856,144		$	745,760		$	175,028	$	201,993		$	1,034,189		$	52,798	$	184,848		$	155,674		$	3,406,434
Provision charged to expense		241,875			392,009			20,518		5,887			(327,057	)		5,136		3,950			(102,318	)		240,000
Losses charged off		(100,319	)		(287,474	)		-		(5,403	)		(285,411	)		-		(25,781	)		-			(704,388	)
Recoveries		1,560			5,168			-		3,100			88			-		4,302			-			14,218
Ending balance, December 31, 2014	$	999,260		$	855,463		$	195,546	$	205,577		$	421,809		$	57,934	$	167,319		$	53,356		$	2,956,264
Ending balance:
individually evaluated for impairment	$	183,196		$	348,240		$	-	$	9,982		$	154,089		$	-	$	-		$	-		$	695,507
Ending balance:
collectively evaluated for impairment	$	816,064		$	507,223		$	195,546	$	195,595		$	267,720		$	57,934	$	167,319		$	53,356		$	2,260,757
Loans:
Ending balance	$	44,561,089		$	40,474,855		$	40,119,130	$	11,283,264		$	26,813,880		$	11,844,973	$	12,587,101		$	-		$	187,684,292
Ending balance:
individually evaluated for impairment	$	713,962		$	1,690,251		$	1,009,889	$	37,531		$	240,805		$	258,140	$	8,469		$	-		$	3,959,047
Ending balance:
collectively evaluated for impairment	$	43,847,127		$	38,784,604		$	39,109,241	$	11,245,733		$	26,573,075		$	11,586,833	$	12,578,632		$	-		$	183,725,245

Schedule of credit risk profile of loan portfolio based on rating category and payment activity

	1-4 Family				Commercial Real Estate				Agricultural Real Estate				Home Equity
	June 30,		December 31,		June 30,		December 31,		June 30,		December 31,		June 30,		December 31,
	2015		2014		2015		2014		2015		2014		2015		2014
Rating:
Pass	$	39,357,935	$	41,530,699	$	37,495,158	$	38,122,972	$	42,762,019	$	39,109,241	$	10,774,328	$	10,833,853
Special Mention		1,352,641		655,049		224,432		53,750		862,765		887,048		127,563		162,103
Substandard		2,184,457		2,375,341		2,123,566		2,298,133		-		122,841		280,239		287,308
Total	$	42,895,033	$	44,561,089	$	39,843,156	$	40,474,855	$	43,624,784	$	40,119,130	$	11,182,130	$	11,283,264
	Commercial				Agricultural				Consumer				Total
	June 30,		December 31,		June 30,		December 31,		June 30,		December 31,		June 30,		December 31,
	2015		2014		2015		2014		2015		2014		2015		2014
Rating:
Pass	$	24,884,661	$	26,563,823	$	11,413,067	$	11,586,833	$	12,611,837	$	12,386,412	$	179,299,005	$	180,133,833
Special Mention		-		-		814,668		258,140		59,019		80,544		3,441,088		2,096,634
Substandard		229,271		250,057		-		-		235,819		120,145		5,053,352		5,453,825
Total	$	25,113,932	$	26,813,880	$	12,227,735	$	11,844,973	$	12,906,675	$	12,587,101	$	187,793,445	$	187,684,292

Schedule of loan portfolio aging analysis

	June 30, 2015
	30-59 Days		60-89 Days		Greater than 90		Total						Total Loans >90
	Past Due		Past Due		Days Past Due		Past Due		Current		Total Loans		Days & Accruing
One-to-four family residential	$	184,064	$	-	$	734,422	$	918,486	$	41,976,547	$	42,895,033	$	-
Commercial real estate		-		-		794,110		794,110		39,049,046		39,843,156		-
Agricultural real estate		-		-		-		-		43,624,784		43,624,784		-
Home equity		39,407		54,072		46,882		140,361		11,041,769		11,182,130		-
Commercial		-		64,827		-		64,827		25,049,105		25,113,932		-
Agricultural		-		-		-		-		12,227,735		12,227,735		-
Consumer		77,364		18,224		22,897		118,485		12,788,190		12,906,675		-
Total	$	300,835	$	137,123	$	1,598,311	$	2,036,269	$	185,757,176	$	187,793,445	$	-

	December 31, 2014
	30-59 Days		60-89 Days		Greater than 90		Total						Total Loans >90
	Past Due		Past Due		Days Past Due		Past Due		Current		Total Loans		Days & Accruing
One-to-four family residential	$	420,086	$	286,622	$	613,534	$	1,320,242	$	43,240,847	$	44,561,089	$	-
Commercial real estate		-		794,110		39,023		833,133		39,641,722		40,474,855		-
Agricultural real estate		-		-		122,841		122,841		39,996,289		40,119,130		-
Home equity		96,971		11,561		58,360		166,892		11,116,372		11,283,264		-
Commercial		-		-		-		-		26,813,880		26,813,880		-
Agricultural		-		-		-		-		11,844,973		11,844,973		-
Consumer		90,558		5,531		16,560		112,649		12,474,452		12,587,101		-
Total	$	607,615	$	1,097,824	$	850,318	$	2,555,757	$	185,128,535	$	187,684,292	$	-

Schedule of impaired loan

	Three Months Ended June 30, 2015
							Average				Interest
			Unpaid				Impairment in		Interest		Income
	Recorded		Principal		Specific		Impaired		Income		Recognized
	Balance		Balance		Allowance		Loans		Recognized		Cash Basis
Loans without a specific allowance:
One-to-four family residential	$	120,414	$	120,414	$	-	$	212,578	$	3,079	$	3,091
Commercial real estate		452,315		452,315		-		705,529		8,921		12,793
Agricultural real estate		862,765		862,765		-		862,765		7,679		-
Home equity		33,064		33,064		-		44,070		845		843
Agricultural		375,979		375,979		-		232,012		390		-
Consumer		1,149		1,149		-		1,346		-		24
Loans with a specific allowance:
One-to-four family residential		560,996		560,996		192,916		571,671		5,649		3,608
Commercial real estate		1,117,515		1,117,515		430,596		1,119,808		16,864		5,489
Home equity		9,982		9,982		9,982		9,982		176		180
Commercial		221,519		221,519		141,946		275,509		2,190		-
Total:
One-to-four family residential		681,410		681,410		192,916		784,249		8,728		6,699
Commercial real estate		1,569,830		1,569,830		430,596		1,825,337		25,785		18,282
Agricultural real estate		862,765		862,765		-		862,765		7,679		-
Home equity		43,046		43,046		9,982		54,052		1,021		1,023
Commercial		221,519		221,519		141,946		275,509		2,190		-
Agricultural		375,979		375,979		-		232,012		390		-
Consumer		1,149		1,149		-		1,346		-		24
Total	$	3,755,698	$	3,755,698	$	775,440	$	4,035,270	$	45,793	$	26,028

	Six Months Ended June 30, 2015
							Average				Interest
			Unpaid				Impairment in		Interest		Income
	Recorded		Principal		Specific		Impaired		Income		Recognized
	Balance		Balance		Allowance		Loans		Recognized		Cash Basis
Loans without a specific allowance:
One-to-four family residential	$	120,414	$	120,414	$	-	$	213,702	$	6,184	$	5,954
Commercial real estate		452,315		452,315		-		795,806		19,904		20,324
Agricultural real estate		862,765		862,765		-		867,192		21,554		30,345
Home equity		33,064		33,064		-		41,507		1,640		1,636
Agricultural		375,979		375,979		-		185,965		3,152		-
Consumer		1,149		1,149		-		1,513		51		54
Loans with a specific allowance:
One-to-four family residential		560,996		560,996		192,916		576,407		16,517		12,668
Commercial real estate		1,117,515		1,117,515		430,596		1,121,829		33,628		10,529
Home equity		9,982		9,982		9,982		9,982		351		361
Commercial		221,519		221,519		141,946		279,501		5,397		6,117
Total:
One-to-four family residential		681,410		681,410		192,916		790,109		22,701		18,622
Commercial real estate		1,569,830		1,569,830		430,596		1,917,635		53,532		30,853
Agricultural real estate		862,765		862,765		-		867,192		21,554		30,345
Home equity		43,046		43,046		9,982		51,489		1,991		1,997
Commercial		221,519		221,519		141,946		279,501		5,397		6,117
Agricultural		375,979		375,979		-		185,965		3,152		-
Consumer		1,149		1,149		-		1,513		51		54
Total	$	3,755,698	$	3,755,698	$	775,440	$	4,093,404	$	108,378	$	87,988

	Year Ended December 31, 2014
							Average				Interest
			Unpaid				Impairment in		Interest		Income
	Recorded		Principal		Specific		Impaired		Income		Recognized
	Balance		Balance		Allowance		Loans		Recognized		Cash Basis
Loans without a specific allowance:
One-to-four family residential	$	129,272	$	129,272	$	-	$	220,541	$	12,818	$	13,076
Commercial real estate		564,610		564,610		-		757,616		19,826		18,816
Agricultural real estate		1,009,889		1,009,889		-		1,037,661		58,253		149,159
Agricultural business		258,140		258,140		-		358,529		13,723		1,046
Home equity		27,549		27,549		-		29,505		2,881		2,939
Consumer		8,469		8,469		-		12,285		951		964
Loans with a specific allowance:
One-to-four family residential		584,690		584,690		183,196		604,031		28,722		26,783
Commercial real estate		1,125,641		1,125,641		348,240		1,134,401		66,864		60,012
Commercial		240,805		240,805		154,089		319,812		14,425		16,554
Home equity		9,982		9,982		9,982		9,993		247		187
Total:
One-to-four family residential		713,962		713,962		183,196		824,572		41,540		39,859
Commercial real estate		1,690,251		1,690,251		348,240		1,892,017		86,690		78,828
Agricultural real estate		1,009,889		1,009,889		-		1,037,661		58,253		49,159
Commercial		240,805		240,805		154,089		319,812		14,425		16,554
Agricultural business		258,140		258,140		-		358,529		13,723		1,046
Home equity		37,531		37,531		9,982		39,498		3,128		3,126
Consumer		8,469		8,469		-		12,285		951		964
Total	$	3,959,047	$	3,959,047	$	695,507	$	4,484,374	$	218,710	$	189,536

Schedule of recorded balance at original cost of troubled debt restructurings

	June 30, 2015		December 31, 2014
One-to-four family residential	$	744,332	$	747,470
Commercial real estate		1,150,341		1,265,079
Agricultural real estate		-		-
Home equity		16,454		15,379
Commercial loans		78,060		212,579
Agricultural loans		-		-
Consumer loans		106,286		42,786
Total	$	2,095,473	$	2,283,293

Schedule of recorded balance at original cost of troubled debt restructurings performing according to terms of restructuring

	June 30, 2015		December 31, 2014
One-to-four family residential	$	546,391	$	747,470
Commercial real estate		356,231		1,265,079
Agricultural real estate		-		-
Home equity		13,316		15,379
Commercial loans		78,060		212,579
Agricultural loans		-		-
Consumer loans		106,286		42,786
Total	$	1,100,284	$	2,283,293

Schedule of loans modified as troubled debt restructurings

	Three Months Ended				Six Months Ended
	June 30, 2015				June 30, 2015
	Number of		Recorded		Number of		Recorded
	Modifications		Investment		Modifications		Investment
One-to-four family residential		-	$	-		1	$	103,434
Commercial real estate		-		-		-		-
Agricultural real estate		-		-		-		-
Home equity		1		2,497		1		2,497
Commercial loans		-		-		-		-
Agricultural loans		-		-		-		-
Consumer loans		1		66,650		2		68,589
Total		2	$	69,147		4	$	174,520

	Three Months Ended				Six Months Ended
	June 30, 2014				June 30, 2014
	Number of		Recorded		Number of		Recorded
	Modifications		Investment		Modifications		Investment
One-to-four family residential		-	$	-		-	$	-
Commercial real estate		-		-		-		-
Agricultural real estate		-		-		-		-
Home equity		-		-		-		-
Commercial loans		-		-		-		-
Agricultural loans		-		-		-		-
Consumer loans		-		-		1		18,489
Total		-	$	-		1	$	18,489

Schedule of nonaccrual loans

	June 30, 2015		December 31, 2014
One-to-four family residential	$	1,107,660	$	994,855
Commercial real estate		880,641		932,578
Agricultural real estate		-		122,841
Home equity		94,319		120,698
Commercial loans		16,423		22,438
Agricultural loans		-		-
Consumer loans		186,358		70,643
Total	$	2,285,401	$	2,264,053