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RELATED PARTY TRANSACTIONS (Details) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Loans and Leases Receivable, Related Parties [Roll Forward]    
Beginning balance $ 0 $ 1,745,920
New loans 0 223,920
Repayments 0 (1,969,840)
Ending balance 0 0
Fees and bonuses paid to directors during the period 216,000 207,000
Deposits from related parties held by the Bank at end of period $ 2,139,216 $ 2,480,334