DEPOSITS (Tables)

12 Months Ended

Dec. 31, 2014

Banking and Thrift [Abstract]

Summary of interest-bearing deposits

The following is a summary of interest-bearing deposits:

	December 31,
	2014		2013
NOW and money market accounts	$	84,620,492	$	92,793,796
Savings accounts		33,555,840		31,947,780
Time deposits of $100,000 or more		108,109,124		107,489,990
Other time deposits		30,785,713		33,588,990
	$	257,071,169	$	265,820,556

Schedule of maturities of time deposits

At December 31, 2014, maturities of time deposits are approximately as follows:

2015	$	97,895,217
2016		9,610,112
2017		20,173,085
2018		10,165,195
2019 and thereafter		1,051,228
	$	138,894,837