FAIR VALUES OF FINANCIAL INSTRUMENTS (Details 1) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Financial assets:
Cash and due from banks, Carrying Amount	$ 5,101,212	$ 4,766,344
Interest-bearing deposits with banks, Carrying Amount	8,935,000	11,645,000
Available-for-sale securities, Carrying Amount	29,709,130	31,499,132
Loans held for sale, Carrying Amount	7,453,804	14,221,163
Loans held for investment, net, Carrying Amount	257,730,000	241,399,000
Stock in financial institutions, Carrying Amount	3,586,000	3,575,000
Cash and due from banks, Fair Value	5,101,000	4,766,000
Interest-bearing deposits with banks, Fair Value	8,935,000	11,645,000
Available-for-sale securities, Fair Value	29,709,000	31,499,000
Loans held for sale, Fair Value	7,454,000	14,221,000
Loans held for investment, net, Fair Value	258,113,000	241,440,000
Stock in financial institutions, Fair Value	3,586,000	3,575,000
Financial liabilities:
Demand deposits, savings and NOW deposits, Carrying Amount	169,867,000	160,961,000
Time deposits, Carrying Amount	60,300,266	63,560,582
Federal Home Loan Bank advances, Carrying Amount	50,000,000	50,000,000
Demand deposits, savings and NOW deposits, Fair Value	164,076,000	156,529,000
Time deposits, Fair Value	60,304,000	63,588,000
Federal Home Loan Bank advances, Fair Value	50,081,000	50,176,000
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and due from banks, Fair Value	5,101,000	4,766,000
Interest-bearing deposits with banks, Fair Value	8,935,000	11,645,000
Available-for-sale securities, Fair Value	0	0
Loans held for sale, Fair Value	0	0
Loans held for investment, net, Fair Value	0	0
Stock in financial institutions, Fair Value	0	0
Financial liabilities:
Demand deposits, savings and NOW deposits, Fair Value	0	156,529,000
Time deposits, Fair Value	0	0
Federal Home Loan Bank advances, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Cash and due from banks, Fair Value	0	0
Interest-bearing deposits with banks, Fair Value	0	0
Available-for-sale securities, Fair Value	29,709,000	31,499,000
Loans held for sale, Fair Value	7,454,000	14,221,000
Loans held for investment, net, Fair Value	0	0
Stock in financial institutions, Fair Value	3,586,000	3,575,000
Financial liabilities:
Demand deposits, savings and NOW deposits, Fair Value	164,076,000	0
Time deposits, Fair Value	60,304,000	63,588,000
Federal Home Loan Bank advances, Fair Value	50,081,000	50,176,000
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Cash and due from banks, Fair Value	0	0
Interest-bearing deposits with banks, Fair Value	0	0
Available-for-sale securities, Fair Value	0	0
Loans held for sale, Fair Value	0	0
Loans held for investment, net, Fair Value	258,113,000	241,440,000
Stock in financial institutions, Fair Value	0	0
Financial liabilities:
Demand deposits, savings and NOW deposits, Fair Value	0	0
Time deposits, Fair Value	0	0
Federal Home Loan Bank advances, Fair Value	$ 0	$ 0

This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale.

No definition available.