CORE DEPOSIT INTANGIBLE (Tables)

3 Months Ended

Mar. 31, 2017

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:

	March 31,		December 31,
	2017		2016
Gross carrying value	$	502,000	$	502,000
Less accumulated amortization		(235,868)		(219,068)
Core deposit intangible	$	266,132	$	282,932