EARNINGS PER COMMON SHARE (EPS) (Schedule of Earnings Per Share, Basic and Diluted) (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
EARNINGS PER COMMON SHARE (EPS) [Abstract]
Net Income	$ 1,702,841	$ 1,472,941	$ 5,006,681	$ 3,519,346
Less: dividends paid and accrued on preferred stock	(50,000)	(50,000)	(150,000)	(150,000)
Net Income Available to Common Shareholders	$ 1,652,841	$ 1,422,941	$ 4,856,681	$ 3,369,346
Average number of common shares outstanding	2,997,401	3,044,556	3,016,793	3,042,645
Effect of dilutive options	24,981	8,693	25,295	13,026
Average number of shares used to calculate diluted earnings per share	3,022,382	3,053,249	3,042,088	3,055,671