PREMISES AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

A summary of the cost and accumulated depreciation of premises and equipment at December 31, 2012 and 2011 follows:

	2012		2011
Land	$	5,509,342	$	4,916,251
Building and improvements		16,148,785		13,424,230
Furniture and equipment		6,681,230		5,820,318
Automobiles		294,225		245,363
Total cost		28,633,582		24,406,162
Less accumulated depreciation		8,851,346		7,965,260
Premises and equipment, net	$	19,782,236	$	16,440,902

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Certain Bank facilities are leased under various operating leases. Rent expense was $513,910 and $488,154 in 2012 and 2011, respectively. Future minimum rental commitments under non-cancellable operating leases are as follows:

2013	$	548,765
2014		555,316
2015		562,036
2016		577,729
2017		584,801
Thereafter		3,545,937
Total	$	6,374,584