COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

Minimum future lease payments under the capital lease component for the bank building as of December 31, 2016 are:

Year Ending December 31
2017	$	120,000
Total minimum lease payments	$	120,000
Less amounts representing interest		4,000
Present value of net minimum lease payments	$	116,000