EARNINGS PER COMMON SHARE (Details) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Net Income	$ 1,718,391	$ 1,105,253
Less: dividends paid and accrued on preferred stock	(50,000)	(50,000)
Net income available to common shareholders	$ 1,668,391	$ 1,055,253
Average number of common shares outstanding	3,053,204	3,037,380
Effect of dilutive options	21,283	8,939
Average number of shares used to calculate diluted earnings per share	3,074,487	3,046,319