MORTGAGE SERVICING RIGHTS (Tables)

3 Months Ended

Mar. 31, 2016

Transfers and Servicing [Abstract]

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

	March 31, 2016			December 31, 2015
Balance, beginning of period	$	597,713		$	632,634
Servicing rights capitalized		9,671			73,650
Amortization of servicing rights		(19,120	)		(118,186	)
Change in valuation allowance		3,326			9,615
Balance, end of period	$	591,590		$	597,713

Schedule of activity in valuation allowance for mortgage servicing rights

	March 31, 2016			December 31, 2015
Balance, beginning of period	$	47,354		$	56,969
Additions		-			-
Reductions		(3,326	)		(9,615	)
Balance, end of period	$	44,028		$	47,354