EARNINGS PER COMMON SHARE (EPS) (Schedule of Earnings Per Share, Basic and Diluted) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
EARNINGS PER COMMON SHARE (EPS) [Abstract]
Net Income	$ 1,585,449	$ 941,152	$ 3,303,840	$ 2,046,405
Less: dividends paid and accrued on preferred stock	(50,000)	(50,000)	(100,000)	(100,000)
Net income available to common shareholders	$ 1,535,449	$ 891,152	$ 3,203,840	$ 1,946,405
Average number of common shares outstanding	3,000,389	3,045,979	3,026,651	3,041,679
Effect of dilutive options	23,379	24,786	22,597	14,841
Average number of shares used to calculate diluted earnings per share	3,023,768	3,070,765	3,049,248	3,056,520