BUSINESS COMBINATION (Tables)

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Schedule of business acquisitions purchase consideration

	August 29,
	2014
Purchase Price
Gross AFC Shares Issued on Exchange		360,635
Closing price per share of the Company's Common Stock	$	16.00
Stock Consideration (0.17064 ratio)	$	5,770,160
Option and Warrant consideration	$	1,298,629
20% Cash and Cash in Lieu		2,105,785
Dissenters Payments		400,000
Cash Consideration	$	3,804,414
Total purchase price	$	9,574,574

Schedule of net assets acquired at fair value

ASSETS
Cash and due from banks	$	2,208,730
Available-for-sale securities		17,365,877
Loans held for investment, net		67,383,915
Premises and equipment, net		326,428
Core deposit intangible		502,000
Accrued interest receivable and other assets		482,354
Total assets	$	88,269,304	$	88,269,304
LIABILITIES
Deposits	$	75,504,917
Federal Home Loan Bank advances		-
Accrued interest and other liabilities		290,966
Total liabilities	$	75,795,883		(75,795,883	)
Net identifiable assets acquired			$	12,473,421
Total purchase price			$	(9,574,574	)
Bargain purchase gain			$	2,898,847

Schedule of pro-forma results of operations

			Twelve-month
	Year ended		period ended
	December 31,		December 31,
	2015		2014
	(Dollars in thousands)
Total revenue, net of interest expense	$	15,693	$	15,747
Net income	$	321	$	1,102