LOAN PORTFOLIO COMPOSITION (Tables)

9 Months Ended

Sep. 30, 2015

Receivables [Abstract]

Schedule of composition of loan portfolio

	September 30, 2015					December 31, 2014
	Amount		Percent			Amount		Percent
Real estate loans:
One-to-four family residential	$	46,136,293		24.3	%	$	44,561,089		24.2	%
Commercial		42,832,513		22.6			40,474,855		21.9
Agricultural		42,704,641		22.5			40,119,130		21.7
Home equity		11,580,161		6.1			11,283,264		6.1
Total real estate loans		143,253,608		75.5			136,438,338		73.9
Commercial loans		22,496,792		11.9			26,813,880		14.5
Agricultural loans		13,322,205		7.0			11,844,973		6.4
Consumer loans		13,379,117		7.1			12,587,101		6.8
Total loans receivable		192,451,722		101.5			187,684,292		101.6
Less:
Net deferred loan fees		22,027		0.0			9,416		0.0
Allowance for loan losses		2,917,588		1.5			2,956,264		1.6
Total loans receivable, net	$	189,512,107		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

	September 30, 2015
				Commercial			Agricultural
	1-4 Family			Real Estate			Real Estate			Home Equity			Commercial			Agricultural		Consumer			Unallocated			Total
Allowance for Loan Losses:
Beginning Balance, July 1, 2015	$	930,733		$	847,424		$	213,810		$	158,101		$	391,994		$	125,062	$	175,105		$	80,817		$	2,923,046
Provision charged to expense		(22,183	)		84,756			(4,601	)		925			(22,387	)		5,474		12,641			(9,625	)		45,000
Losses charged off		(56,149	)		-			-			(5,707	)		-			-		(12,881	)		-			(74,737	)
Recoveries		20,075			1,441			-			525			-			-		2,238			-			24,279
Ending balance, September 30, 2015	$	872,476		$	933,621		$	209,209		$	153,844		$	369,607		$	130,536	$	177,103		$	71,192		$	2,917,588
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		(5,339	)		89,090			13,663			(56,089	)		(52,313	)		72,602		30,550			17,836			110,000
Losses charged off		(161,267	)		(27,464	)		-			(5,707	)		-			-		(26,133	)		-			(220,571	)
Recoveries		39,822			16,532			-			10,063			111			-		5,367			-			71,895
Ending balance, September 30, 2015	$	872,476		$	933,621		$	209,209		$	153,844		$	369,607		$	130,536	$	177,103		$	71,192		$	2,917,588
Ending balance:
individually evaluated for impairment	$	179,667		$	415,306		$	-		$	9,982		$	138,606		$	-	$	-		$	-		$	743,561
Ending balance:
collectively evaluated for impairment	$	692,809		$	518,315		$	209,209		$	143,862		$	231,001		$	130,536	$	177,103		$	71,192		$	2,174,027
Loans:
Ending balance	$	46,136,293		$	42,832,513		$	42,704,641		$	11,580,161		$	22,496,792		$	13,322,205	$	13,379,117		$	-		$	192,451,722
Ending balance:
individually evaluated for impairment	$	664,602		$	1,606,230		$	862,765		$	56,589		$	211,169		$	411,979	$	791		$	-		$	3,814,125
Ending balance:
collectively evaluated for impairment	$	45,471,691		$	41,226,283		$	41,841,876		$	11,523,572		$	22,285,623		$	12,910,226	$	13,378,326		$	-		$	188,637,597

	September 30, 2014
				Commercial			Agricultural
	1-4 Family			Real Estate			Real Estate		Home Equity			Commercial			Agricultural		Consumer			Unallocated			Total
Allowance for Loan Losses:
Beginning Balance, July 1, 2014	$	1,000,765		$	771,332		$	175,703	$	175,475		$	738,336		$	50,240	$	184,845		$	244,571		$	3,341,267
Provision charged to expense		70,451			(15,227	)		20,307		36,969			(29,166	)		7,990		33,016			(94,340	)		30,000
Losses charged off		(70,319	)		-			-		(5,403	)		(285,410	)		-		(20,278	)		-			(381,410	)
Recoveries		300			-			-		525			-			-		782			-			1,607
Ending balance, September 30, 2014	$	1,001,197		$	756,105		$	196,010	$	207,566		$	423,760		$	58,230	$	198,365		$	150,231		$	2,991,464
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		244,112			103,651			20,982		9,401			(325,050	)		5,432		36,915			(5,443	)		90,000
Losses charged off		(100,319	)		(93,474	)		-		(5,403	)		(285,410	)		-		(25,781	)		-			(510,387	)
Recoveries		1,260			168			-		1,575			31			-		2,383			-			5,417
Ending balance, September 30, 2014	$	1,001,197		$	756,105		$	196,010	$	207,566		$	423,760		$	58,230	$	198,365		$	150,231		$	2,991,464
Ending balance:
individually evaluated for impairment	$	193,882		$	298,693		$	-	$	10,000		$	165,446		$	-	$	12,500		$	-		$	680,521
Ending balance:
collectively evaluated for impairment	$	807,315		$	457,412		$	196,010	$	197,566		$	258,314		$	58,230	$	185,865		$	150,231		$	2,310,943
Loans:
Ending balance	$	44,314,136		$	37,558,015		$	40,401,858	$	11,599,732		$	25,860,867		$	12,066,418	$	13,036,397		$	-		$	184,837,423
Ending balance:
individually evaluated for impairment	$	732,567		$	1,574,826		$	1,199,949	$	41,340		$	252,161		$	420,382	$	92,433		$	-		$	4,313,658
Ending balance:
collectively evaluated for impairment	$	43,581,569		$	35,983,189		$	39,201,909	$	11,558,392		$	25,608,706		$	11,646,036	$	12,943,964		$	-		$	180,523,765

	December 31, 2014
				Commercial			Agricultural
	1-4 Family			Real Estate			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
	September 30,		December 31,		September 30,		December 31,		September 30,		December 31,		September 30,		December 31,
	2015		2014		2015		2014		2015		2014		2015		2014
Rating:
Pass	$	42,816,813	$	41,530,699	$	39,738,007	$	38,122,972	$	41,841,876	$	39,109,241	$	11,199,982	$	10,833,853
Special Mention		1,346,214		655,049		945,520		53,750		862,765		887,048		71,208		162,103
Substandard		1,973,266		2,375,341		2,148,986		2,298,133		-		122,841		308,971		287,308
Total	$	46,136,293	$	44,561,089	$	42,832,513	$	40,474,855	$	42,704,641	$	40,119,130	$	11,580,161	$	11,283,264

	Commercial				Agricultural				Consumer				Total
	September 30,		December 31,		September 30,		December 31,		September 30,		December 31,		September 30,		December 31,
	2015		2014		2015		2014		2015		2014		2015		2014
Rating:
Pass	$	22,222,969	$	26,563,823	$	12,421,451	$	11,586,833	$	13,091,774	$	12,386,412	$	183,332,872	$	180,133,833
Special Mention		55,651		-		900,754		258,140		66,168		80,544		4,248,280		2,096,634
Substandard		218,172		250,057		-		-		221,175		120,145		4,870,570		5,453,825
Total	$	22,496,792	$	26,813,880	$	13,322,205	$	11,844,973	$	13,379,117	$	12,587,101	$	192,451,722	$	187,684,292

Schedule of loan portfolio aging analysis

	September 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	$	127,277	$	70,890	$	621,421	$	819,588	$	45,316,705	$	46,136,293	$	-
Commercial real estate		-		-		784,348		784,348		42,048,165		42,832,513		-
Agricultural real estate		-		-		-		-		42,704,641		42,704,641		-
Home equity		76,008		27,536		95,247		198,791		11,381,370		11,580,161		-
Commercial		-		-		-		-		22,496,792		22,496,792		-
Agricultural		12,036		-		-		12,036		13,310,169		13,322,205		-
Consumer		106,252		43,673		2,203		152,128		13,226,989		13,379,117		-
Total	$	321,573	$	142,099	$	1,503,219	$	1,966,891	$	190,484,831	$	192,451,722	$	-

	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 September 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	$	115,791	$	115,791	$	-	$	210,213	$	3,050	$	3,054
Commercial real estate		502,635		502,635		-		539,074		7,184		7,280
Agricultural real estate		862,765		862,765		-		862,764		10,897		-
Home equity		46,607		46,607		-		41,496		814		758
Agricultural		411,979		411,979		-		401,995		4,093		-
Consumer		791		791		-		980		16		17
Loans with a specific allowance:
One-to-four family residential		548,811		548,811		179,667		561,545		7,124		5,556
Commercial real estate		1,103,595		1,103,595		415,306		1,116,160		16,970		14,854
Commercial		211,169		211,169		138,606		266,973		722		4,111
Home equity		9,982		9,982		9,982		9,982		204		181
Total:
One-to-four family residential		664,602		664,602		179,667		771,758		10,174		8,610
Commercial real estate		1,606,230		1,606,230		415,306		1,655,234		24,154		22,134
Agricultural real estate		862,765		862,765		-		862,764		10,897		-
Commercial		211,169		211,169		138,606		266,973		5,722		4,111
Agricultural		411,979		411,979		-		401,995		4,093		-
Home equity		56,589		56,589		9,982		51,478		1,018		939
Consumer		791		791		-		980		16		17
Total	$	3,814,125	$	3,814,125	$	743,561	$	4,011,182	$	56,074	$	35,811

	Nine Months Ended September 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	$	115,791	$	115,791	$	-	$	212,527	$	9,234	$	9,008
Commercial real estate		502,635		502,635		-		709,290		27,088		27,604
Agricultural real estate		862,765		862,765		-		865,699		32,451		30,345
Home equity		46,607		46,607		-		41,504		2,454		2,394
Agricultural		411,979		411,979		-		268,777		7,245		-
Consumer		791		791		-		1,334		67		71
Loans with a specific allowance:
One-to-four family residential		548,811		548,811		179,667		571,398		23,641		18,224
Commercial real estate		1,103,595		1,103,595		415,306		1,119,919		50,598		25,383
Commercial		211,169		211,169		138,606		275,280		11,119		10,228
Home equity		9,982		9,982		9,982		9,982		555		542
Total:
One-to-four family residential		664,602		664,602		179,667		783,925		32,875		27,232
Commercial real estate		1,606,230		1,606,230		415,306		1,829,209		77,686		52,987
Agricultural real estate		862,765		862,765		-		865,699		32,451		30,345
Commercial		211,169		211,169		138,606		275,280		11,119		10,228
Agricultural		411,979		411,979		-		268,777		7,245		-
Home equity		56,589		56,589		9,982		51,486		3,009		2,936
Consumer		791		791		-		1,334		67		71
Total	$	3,814,125	$	3,814,125	$	743,561	$	4,075,710	$	164,452	$	123,799

	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

	September 30, 2015		December 31, 2014
One-to-four family residential	$	727,322	$	747,470
Commercial real estate		1,188,395		1,265,079
Agricultural real estate		-		-
Home equity		15,354		15,379
Commercial loans		67,656		212,579
Agricultural loans		-		-
Consumer loans		100,366		42,786
Total	$	2,099,093	$	2,283,293

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

	September 30, 2015		December 31, 2014
One-to-four family residential	$	535,559	$	747,470
Commercial real estate		404,047		1,265,079
Agricultural real estate		-		-
Home equity		12,216		15,379
Commercial loans		67,656		212,579
Agricultural loans		-		-
Consumer loans		98,727		42,786
Total	$	1,118,205	$	2,283,293

Schedule of loans modified as troubled debt restructurings

	Three Months Ended				Nine Months Ended
	September 30, 2015				September 30, 2015
	Number of		Recorded		Number of		Recorded
	Modifications		Investment		Modifications		Investment
One-to-four family residential		-	$	-		1	$	100,492
Commercial real estate		-		-		-		-
Agricultural real estate		-		-		-		-
Home equity		-		-		1		1,996
Commercial loans		-		-		-		-
Agricultural loans		-		-		-		-
Consumer loans		-		-		2		65,978
Total		-	$	-		4	$	168,466

	Three Months Ended				Nine Months Ended
	September 30, 2014				September 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		17,428
Total		-	$	-		1	$	17,428

Schedule of nonaccrual loans

	September 30, 2015		December 31, 2014
One-to-four family residential	$	913,850	$	994,855
Commercial real estate		864,422		932,578
Agricultural real estate		-		122,841
Home equity		117,232		120,698
Commercial loans		12,856		22,438
Agricultural loans		-		-
Consumer loans		189,651		70,643
Total	$	2,098,011	$	2,264,053