FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2016

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Schedule of assets at fair value by level, within the fair value hierarchy

	Fair Value Measurements Using
	Quoted Prices		Significant
	in Active		Other		Significant
	Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
	Level 1		Level 2		Level 3		Fair Value
March 31, 2016
Recurring basis
Mortgage-backed securities	$	-	$	24,271,668	$	-	$	24,271,668
U.S. Government agencies		-	$	3,302,618		-		3,302,618
Municipal obligations		-	$	1,907,033		-		1,907,033
Nonrecurring basis
Loans held for sale		-		17,597,841		-		17,597,841
Other real estate		-		-		501,558		501,558
Impaired loans		-		-		1,352,595		1,352,595
Totals	$	-	$	47,079,160	$	1,854,153	$	48,933,314
December 31, 2015
Recurring basis
Mortgage-backed securities	$	-	$	23,270,496	$	-	$	23,270,496
U.S. Government agencies		-		3,458,813		-		3,458,813
Municipal obligations		-		1,901,242		-		1,901,242
Nonrecurring basis
Loans held for sale		-		11,380,627		-		11,380,627
Other real estate		-		-		306,000		306,000
Impaired loans		-		-		1,844,059		1,844,059
Totals	$	-	$	40,011,178	$	2,150,059	$	42,161,237

	Fair Value Measurements Using
	Quoted Prices		Significant
	in Active		Other		Significant
	Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
	Level 1		Level 2		Level 3		Fair Value
December 31, 2015
Recurring basis
Mortgage-backed securities	$	-	$	23,270,496	$	-	$	23,270,496
U.S. Government agencies		-		3,458,813		-		3,458,813
Municipal obligations		-		1,901,242		-		1,901,242
Nonrecurring basis
Loans held for sale		-		11,380,627		-		11,380,627
Other real estate		-		-		306,000		306,000
Impaired loans		-		-		1,844,059		1,844,059
Totals	$	-	$	40,011,178	$	2,150,059	$	42,161,237
December 31, 2014
Recurring basis
Mortgage-backed securities	$	-	$	21,727,811	$	-	$	21,727,811
U.S. Government agencies		-		4,856,529		-		4,856,529
Municipal obligations		-		2,433,572		-		2,433,572
Nonrecurring basis
Loans held for sale		-		9,429,090		-		9,429,090
Other real estate		-		-		820,000		820,000
Impaired loans		-		-		1,297,759		1,297,759
Totals	$	-	$	38,447,002	$	2,117,759	$	40,564,761

Schedule of fair values of financial instruments

					Quoted Prices		Significant
					in Active		Other		Significant
					Markets for		Observable		Unobservable
	Carrying				Identical Assets		Inputs		Inputs
	Amount		Fair Value		Level 1		Level 2		Level 3
	(Dollars in thousands)
At March 31, 2016
Financial assets:
Cash and due from banks	$	3,773	$	3,773	$	3,773	$	-	$	-
Interest-bearing deposits with banks		12,145		12,145		12,145		-		-
Available-for-sale securities		29,481		29,481		-		29,481		-
Loans held for sale		17,598		17,598		-		17,598		-
Loans held for investment, net		194,904		194,934		-		-		194,934
Stock in financial institutions		1,553		1,553		-		1,553		-
Financial liabilities:
Demand deposits, savings and NOW deposits		162,873		160,198		160,198		-		-
Time deposits		71,756		71,791		-		71,791		-
Federal Home Loan Bank advances		11,000		10,998		-		10,998		-
At December 31, 2015
Financial assets:
Cash and due from banks	$	5,960	$	5,960	$	5,960	$	-	$	-
Interest-bearing deposits with banks		13,865		13,865		13,865		-		-
Available-for-sale securities		28,631		28,631		-		28,631		-
Loans held for sale		11,381		11,381		-		11,381		-
Loans held for investment, net		192,137		195,631		-		-		195,631
Stock in financial institutions		1,547		1,547		-		1,547		-
Financial liabilities:
Demand deposits, savings and NOW deposits		151,593		147,947		147,947		-		-
Time deposits		74,107		74,149		-		74,149		-
Federal Home Loan Bank advances		13,000		13,004		-		13,004		-

					Quoted Prices		Significant
					in Active		Other		Significant
					Markets for		Observable		Unobservable
	Carrying				Identical Assets		Inputs		Inputs
	Amount		Fair Value		Level 1		Level 2		Level 3
	(Dollars in thousands)
At December 31, 2015
Financial assets:
Cash and due from banks	$	5,960	$	5,960	$	5,960	$	-	$	-
Interest-bearing deposits with banks		13,865		13,865		13,865		-		-
Available-for-sale securities		28,631		28,631		-		28,631		-
Loans held for sale		11,381		11,381		-		11,381		-
Loans held for investment, net		192,137		195,631		-		-		195,631
Stock in financial institutions		1,547		1,547		-		1,547		-
Financial liabilities:
Demand deposits, savings and NOW deposits		151,593		147,947		147,947		-		-
Time deposits		74,107		74,149		-		74,149		-
Federal Home Loan Bank advances		13,000		13,004		-		13,004		-
At December 31, 2014
Cash and due from banks	$	12,709	$	12,709	$	12,709	$	-	$	-
Interest-bearing deposits with banks		2,115		2,115		2,115		-		-
Available-for-sale securities		29,018		29,018		-		29,018		-
Loans held for sale		9,429		9,429		-		9,429		-
Loans held for investment, net		173,990		175,417		-		-		175,417
Stock in financial institutions		1,906		1,906		-		1,906		-
Financial liabilities:
Demand deposits, savings and NOW deposits		118,551		117,285		117,285		-		-
Time deposits		83,388		83,571		-		83,571		-
Federal Home Loan Bank advances		12,500		12,503		-		12,503		-