RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2015

Related Party Transactions [Abstract]

Schedule of activity of loans to related parties

	Year Ended
	December 31,
	2015			2014
Beginning balance	$	1,745,920		$	1,846,432
New loans		223,920			-
Repayments		(1,969,840	)		(100,512	)
Credit line, net activity		-			-
Ending balance	$	-		$	1,745,920
Fees and bonuses paid to directors during the period	$	207,000		$	159,000
Deposits from related parties held by the Bank at end of period	$	2,480,334		$	1,545,341