SECURITIES (Tables)

3 Months Ended

Mar. 31, 2013

Investments, Debt and Equity Securities [Abstract]

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

	March 31, 2013
	Amortized		Gross Unrealized		Gross Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
Securities available for sale (AFS)
Asset-backed securities issued by GSEs
Residential MBS	$	193,394	$	32,136	$	-	$	225,530
Residential CMOs		39,954,131		241,340		179,770		40,015,701
Corporate equity securities		37,310		613		259		37,664
Bond mutual funds		4,034,867		238,438		-		4,273,305
Total securities available for sale	$	44,219,702	$	512,527	$	180,029	$	44,552,200
Securities held to maturity (HTM)
Asset-backed securities issued by GSEs:
Residential MBS	$	27,511,471	$	1,074,600	$	21,887	$	28,564,184
Residential CMOs		78,229,508		616,529		109,075		78,736,962
Asset-backed securities issued by Others:
Residential CMOs		4,160,465		246,082		465,312		3,941,235
Total debt securities held to maturity		109,901,444		1,937,211		596,274		111,242,381
U.S. government obligations		849,786		-		-		849,786
Total securities held to maturity	$	110,751,230	$	1,937,211	$	596,274	$	112,092,167

	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		196,976		484,343		4,151,751
Total debt securities held to maturity		111,869,493		2,149,873		582,341		113,437,025
U.S. government obligations		749,941		52		-		749,993
Total securities held to maturity	$	112,619,434	$	2,149,925	$	582,341	$	114,187,018

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 March 31, 2013 are as follows:

March 31, 2013	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	$	23,163,119	$	124,566	$	4,021,863	$	6,396	$	27,184,982	$	130,962
Asset-backed securities issued by other		-		-		2,826,858		465,312		2,826,858		465,312
	$	23,163,119	$	124,566	$	6,848,721	$	471,708	$	30,011,840	$	596,274

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

Financing Receivable Credit Quality Indicators [Table Text Block]

GSE asset-backed security downgrades by Standard and Poor’s were treated as AAA based on regulatory guidance.

March 31, 2013			December 31, 2012
Credit Rating	Amount		Credit Rating	Amount
AAA	$	145,982,211	AAA	$	150,317,560
A+		-	A+		-
A		-	A		110,780
BBB		909,839	BBB		978,043
BBB-		301,014	BBB-		322,329
BB+		-	BB+		-
BB		1,042,904	BB		1,069,517
BB-		-	BB-		68,604
B+		1,040,161	B+		1,008,126
CCC+		-	CCC+
CCC		866,546	CCC		881,719
Total	$	150,142,675	Total	$	154,756,678