SECURITIES (Tables)

12 Months Ended

Dec. 31, 2012

Investments, Debt and Equity Securities [Abstract]

Trading Securities (and Certain Trading Assets) [Table Text Block]

	December 31, 2012
	Amortized		Gross Unrealized		Gross Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
Securities available for sale (AFS)
Asset-backed securities issued by GSEs
Residential MBS	$	198,400	$	32,986	$	-	$	231,386
Residential CMOs		42,507,542		266,775		118,518		42,655,799
Corporate equity securities		37,310		306		284		37,332
Bond mutual funds		4,012,609		268,537		-		4,281,146
Total securities available for sale	$	46,755,861	$	568,604	$	118,802	$	47,205,663
Securities held to maturity (HTM)
Asset-backed securities issued by GSEs
Residential MBS	$	31,239,176	$	1,237,277		.	$	32,476,453
Residential CMOs		76,191,199		715,620		97,998		76,808,821
Asset-backed securities issued by others
Residential CMOs		4,439,118		197,028		484,343		4,151,803
Total debt securities held to maturity		111,869,493		2,149,925		582,341		113,437,077
U.S. government obligations		749,941		-		-		749,941
Total securities held to maturity	$	112,619,434	$	2,149,925	$	582,341	$	114,187,018

	December 31, 2011
	Amortized		Gross Unrealized		Gross Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
Securities available for sale (AFS)
Asset-backed securities issued by GSEs
Residential MBS	$	2,412,959	$	235,084	$	-	$	2,648,043
Residential CMOs		34,848,180		248,508		34,616		35,062,072
Corporate equity securities		37,310		241		289		37,262
Bond mutual funds		3,840,473		239,762		-		4,080,235
Total securities available for sale	$	41,138,922	$	723,595	$	34,905	$	41,827,612
Securities held to maturity (HTM)
Asset-backed securities issued by GSEs
Residential MBS	$	35,929,199	$	854,497	$	10,960	$	36,772,736
Residential CMOs		106,998,467		1,104,141		27,411		108,075,197
Asset-backed securities issued by others
Residential CMOs		9,839,222		15,364		1,421,477		8,433,109
Total debt securities held to maturity		152,766,888		1,974,002		1,459,848		153,281,042
U.S. government obligations		749,951		-		-		749,951
Total securities held to maturity	$	153,516,839	$	1,974,002	$	1,459,848	$	154,030,993

Schedule of Unrealized Loss on Investments [Table Text Block]

Gross unrealized losses and estimated fair value by length of time that the individual HTM securities have been in a continuous unrealized loss position at December 31, 2012 are as follows:

December 31, 2012	Less Than 12				More Than 12
	Months				Months				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Losses
Asset-backed securities issued by GSEs	$	14,253,558	$	89,638	$	6,132,036	$	8,360	$	20,385,594	$	97,998
Asset-backed securities issued by other		-		-		3,057,666		484,343		3,057,666		484,343
	$	14,253,558	$	89,638	$	9,189,702	$	492,703	$	23,443,260	$	582,341

Gross unrealized losses and estimated fair value by length of time that the individual HTM securities have been in a continuous unrealized loss position at December 31, 2011 are as follows:

December 31, 2011	Less Than 12				More Than 12
	Months				Months				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Losses
Asset-backed securities issued by GSEs	$	30,220,777	$	33,796	$	2,847,703	$	4,575	$	33,068,480	$	38,371
Asset-backed securities issued by other		131,301		11,507		6,632,200		1,409,970		6,763,501		1,421,477
	$	30,352,078	$	45,303	$	9,479,903	$	1,414,545	$	39,831,981	$	1,459,848

Investments Classified by Contractual Maturity Date [Table Text Block]

Expected maturities will differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties.

	Available for Sale				Held to Maturity
			Estimated				Estimated
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
Within one year	$	4,012,609	$	4,281,146	$	749,941	$	749,941
Over one year through five years
Asset-backed securites
Within one year		13,917,779		13,976,846		39,331,483		39,882,620
Over one year through five years		20,613,093		20,700,576		48,166,365		48,841,303
Over five years through ten years		6,485,711		6,513,237		17,127,683		17,367,686
After ten years		1,689,359		1,696,529		7,243,962		7,345,468
Total asset-backed securities		42,705,942		42,887,188		111,869,493		113,437,077
	$	46,718,551	$	47,168,334	$	112,619,434	$	114,187,018

Financing Receivable Credit Quality Indicators [Table Text Block]

The tables below present the Standard & Poor’s or equivalent credit rating from other major rating agencies for AFS and HTM asset-backed securities issued by GSEs and others at December 31, 2012 and December 31, 2011 by carrying value. The Company considers noninvestment grade securities rated BB+ or lower as classified assets for regulatory and financial reporting. GSE asset-backed security downgrades by Standard and Poor’s were treated as AAA based on regulatory guidance.

December 31, 2012			December 31, 2011
Credit Rating	Amount		Credit Rating	Amount
AAA	$	150,317,560	AAA	$	181,958,323
A+		-	A+		142,808
A		110,780	A		-
BBB		978,043	BBB		1,258,268
BBB-		322,329	BBB-		1,061,017
BB+		-	BB+		1,240,901
BB		1,069,517	BB		337,998
BB-		68,604	BB-		615,716
B+		1,008,126	B+		246,345
CCC+			CCC+		3,615,627
CCC		881,719	CCC		-
Total	$	154,756,678	Total	$	190,477,003