FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Tables)

12 Months Ended

Dec. 31, 2016

Financial Instruments Disclosure [Abstract]

Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]

Financial instruments whose contract amounts represent off-balance-sheet credit risk are as follows as of December 31, 2016 and 2015:

	December 31,
	2016		2015
Commitments to originate and sell mortgage loans	$	27,206,868	$	15,661,263
Commitments to extend credit		27,430,757		18,695,121
Unused lines of credit		8,662,628		4,591,908
Totals	$	63,300,253	$	38,948,292