MORTGAGE SERVICING RIGHTS (Tables)

3 Months Ended

Mar. 31, 2017

Transfers and Servicing [Abstract]

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

	March 31, 2017			December 31, 2016
Balance, beginning of period	$	552,827		$	597,713
Servicing rights capitalized		20,768			87,579
Amortization of servicing rights		(18,713	)		(107,239	)
Write-downs		-			(72,580	)
Change in valuation allowance		-			47,354
Balance, end of period	$	554,882		$	552,827

Schedule of activity in valuation allowance for mortgage servicing rights

	March 31, 2017		December 31, 2016
Balance, beginning of period	$	-	$	47,354
Additions		-		38,967
Reductions due to write-downs				(72,580	)
Reductions due to payoff of loans		-		(13,741	)
Balance, end of period	$	-	$	-