INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2016

Income Tax Disclosure [Abstract]

Schedule of reconciliation of income tax expense at statutory rate to actual income tax expense

	September 30, 2016			September 30, 2015
Computed at the statutory rate (34%)	$	1,089,710		$	1,077,901
Increase (decrease) resulting from
Tax exempt interest		(333,465	)		(332,888	)
State income taxes, net		142,722			147,443
Increase in cash surrender value		(44,530	)		(45,055	)
Other, net		(57	)		839
Actual tax expense	$	854,380		$	848,240