INVESTMENTS (Tables)

9 Months Ended

Sep. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and approximate fair values of available for sale securities

			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
September 30, 2015:
U.S. government and agencies	$	14,030,762	$	89,943	$	(41,882	)	$	14,078,823
Mortgage-backed securities (government-sponsored enterprises - residential)		26,731,605		419,994		(42,468	)		27,109,131
Municipal bonds		46,044,137		1,142,148		(416,832	)		46,769,453
	$	86,806,504	$	1,652,085	$	(501,182	)	$	87,957,407
December 31, 2014:
U.S. government and agencies	$	10,031,683	$	65,328	$	(138,738	)	$	9,958,273
Mortgage-backed securities (government-sponsored enterprises - residential)		41,196,695		433,757		(210,531	)		41,419,921
Municipal bonds		44,378,515		1,457,977		(529,789	)		45,306,703
	$	95,606,893	$	1,957,062	$	(879,058	)	$	96,684,897

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

	Amortized		Fair
	Cost		Value
Within one year	$	735,352	$	743,643
More than one year to five years		9,759,557		10,023,269
More than five years to ten years		30,675,846		30,988,301
After ten years		18,904,144		19,093,063
		60,074,899		60,848,276
Mortgage-backed securities (government-sponsored enterprises - residential)		26,731,605		27,109,131
	$	86,806,504	$	87,957,407

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
September 30, 2015:
U.S. government agencies	$	(29,654	)	$	1,866,246	$	(12,228	)	$	3,593,422	$	(41,882	)	$	5,459,668
Mortgage-backed securities (government sponsored enterprises - residential)		(36,097	)		4,517,474		(6,371	)		2,262,601		(42,468	)		6,780,075
Municipal bonds		(260,234	)		6,492,453		(156,598	)		9,666,253	$	(416,832	)	$	16,158,706
Total	$	(325,985	)	$	12,876,173	$	(175,197	)	$	15,522,276	$	(501,182	)	$	28,398,449
December 31, 2014:
U.S. government agencies	$	(28,208	)	$	2,955,829	$	(110,530	)	$	3,949,940	$	(138,738	)	$	6,905,769
Mortgage-backed securities (government sponsored enterprises - residential)		(13,358	)		2,061,203		(197,173	)		13,725,099		(210,531	)		15,786,302
Municipal bonds		(44,654	)		3,953,168		(485,135	)		13,942,169		(529,789	)		17,895,337
Total	$	(86,220	)	$	8,970,200	$	(792,838	)	$	31,617,208	$	(879,058	)	$	40,587,408