CORE DEPOSIT INTANGIBLE (Tables)

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets [Table Text Block]

The gross carrying value and accumulated amortization of core deposit intangible is as follows:

	September 30,		December 31,
	2016		2015
Gross carrying value	$	502,000	$	502,000
Less accumulated amortization		(202,268)		(139,220)
Core deposit intangible	$	299,732	$	362,780