ALLOWANCE FOR LOAN LOSSES AND IMPAIRED LOANS (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]

The following tables present the activity in the allowance for loan losses for the three month periods ended March 31, 2015 and 2014 by portfolio segment:

Three Months Ended March 31, 2015	Commercial		Commercial Real Estate		Consumer		Residential		Unallocated		Total
Allowance for loan losses:
Beginning balance	$	500,776	$	848,589	$	294,039	$	204,485	$	130,283	$	1,978,172
Charge-offs		0		(392,397)		(477)		0		0		(392,874)
Recoveries		17,100		0		5,344		0		0		22,444
Provision for loan losses		(4,902)		(46,353)		(3,977)		2,222		53,010		0
Ending balance	$	512,974	$	409,839	$	294,929	$	206,707	$	183,293	$	1,607,742

Three Months Ended March 31, 2014	Commercial		Commercial Real Estate		Consumer		Residential		Unallocated		Total
Allowance for loan losses:
Beginning balance	$	339,048	$	1,713,193	$	424,824	$	227,767	$	104,810	$	2,809,642
Charge-offs		0		0		(274)		(32,201)		0		(32,475)
Recoveries		253,800		0		11,242		0		0		265,042
Provision for loan losses		(166,776)		(26,579)		(38,825)		3,117		229,063		0
Ending balance	$	426,072	$	1,686,614	$	396,967	$	198,683	$	333,873	$	3,042,209

Allowance for Credit Losses on Financing Receivables [Table Text Block]

The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment based on impairment method as of March 31, 2015 and December 31, 2014:

March 31, 2015	Commercial		Commercial Real Estate		Consumer		Residential		Unallocated		Total
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	135,692	$	0	$	161,997	$	82,185	$	0	$	379,874
Collectively evaluated for impairment		377,282		409,839		132,932		124,522		0		1,044,575
Unallocated		0		0		0		0		183,293		183,293
Total ending allowance balance	$	512,974	$	409,839	$	294,929	$	206,707	$	183,293	$	1,607,742

Loans:
Individually evaluated for impairment	$	1,794,952	$	5,752,005	$	374,375	$	549,776	$	0	$	8,471,108
Collectively evaluated for impairment		49,504,817		47,730,190		7,029,164		14,994,198		0		119,258,369
Total ending loans balance	$	51,299,769	$	53,482,195	$	7,403,539	$	15,543,974	$	0	$	127,729,477

December 31, 2014	Commercial		Commercial Real Estate		Consumer		Residential		Unallocated		Total
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	135,694	$	411,996	$	162,615	$	82,753	$	0	$	793,058
Collectively evaluated for impairment		365,082		436,593		131,424		121,732		0		1,054,831
Unallocated		0		0		0		0		130,283		130,283
Total ending allowance balance	$	500,776	$	848,589	$	294,039	$	204,485	$	130,283	$	1,978,172

Loans:
Individually evaluated for impairment	$	1,802,389	$	6,474,866	$	377,322	$	553,880	$	0	$	9,208,457
Collectively evaluated for impairment		49,266,280		49,697,482		7,270,248		14,654,563		0		120,888,573
Total ending loans balance	$	51,068,669	$	56,172,348	$	7,647,570	$	15,208,443	$	0	$	130,097,030

Impaired Financing Receivables [Table Text Block]

The following tables present loans individually evaluated for impairment by class of loans as of March 31, 2015 and December 31, 2014. For purposes of this disclosure, the unpaid principal balance is not reduced for partial charge-offs.

	Recorded		Unpaid Principal		Related
March 31, 2015	Investment		Balance		Allowance
With no related allowance recorded:
Commercial	$	1,360,220	$	1,356,936	$	0
Commercial Real Estate:
General		5,752,005		5,738,147		0
Consumer:
Lines of credit		87,646		87,646		0
Other		0		0		0
Residential		157,992		157,833		0
Subtotal	$	7,357,863	$	7,340,562	$	0

With an allowance recorded:
Commercial	$	434,732	$	433,086	$	135,692
Commercial Real Estate:
General		0		0		0
Consumer:
Lines of credit		275,495		274,274		150,767
Other		11,234		11,231		11,230
Residential		391,784		390,793		82,185
Subtotal	$	1,113,245	$	1,109,384	$	379,874
Total	$	8,471,108	$	8,449,946	$	379,874

	Recorded		Unpaid Principal		Related
December 31, 2014	Investment		Balance		Allowance
With no related allowance recorded:
Commercial	$	1,436,684	$	1,432,867	$	0
Commercial Real Estate:
General		4,734,250		4,797,634		0
Consumer:
Lines of credit		87,646		97,188		0
Other		363		363		0
Residential		160,580		193,074		0
Subtotal	$	6,419,523	$	6,521,126	$	0
With an allowance recorded:
Commercial	$	365,705	$	379,068	$	135,694
Commercial Real Estate:
General		1,740,616		2,478,367		411,996
Consumer:
Lines of credit		277,650		276,294		151,074
Other		11,663		11,541		11,541
Residential		393,300		401,270		82,753
Subtotal	$	2,788,934	$	3,546,540	$	793,058
Total	$	9,208,457	$	10,067,666	$	793,058

Schedule Of Non Performing Past Due And Accrual Status Of Impaired Loans [Table Text Block]

The following tables present the average recorded investment of loans individually evaluated for impairment by class of loans as of March 31, 2015 and December 31, 2014 and the associated interest income. For purposes of this disclosure, the unpaid principal balance is not reduced for partial charge-offs.

	Three Months		Three Months		Three Months
	Average Recorded		Interest Income		Cash Basis
March 31, 2015	Investment		Recognized		Interest Recognized
With no related allowance recorded:
Commercial	$	1,386,096	$	12,983	$	12,983
Commercial Real Estate:
General		2,972,875		50,983		43,492
Consumer:
Lines of credit		87,646		0		0
Other		0		0		0
Residential		159,049		465		465
Subtotal	$	4,605,666	$	64,431	$	56,940

With an allowance recorded:
Commercial	$	421,864	$	5,629	$	4,926
Commercial Real Estate:
General		1,055,540		0		0
Consumer:
Lines of credit		276,595		4,534		4,447
Other		11,314		0		0
Residential		392,307		4,212		4,212
Subtotal	$	2,157,620	$	14,375	$	13,585
Total	$	6,763,286	$	78,806	$	70,525

	Three Months		Three Months		Three Months
	Average Recorded		Interest Income		Cash Basis
March 31, 2014	Investment		Recognized		Interest Recognized
With no related allowance recorded:
Commercial	$	1,030,157	$	7,574	$	7,574
Commercial Real Estate:
General		2,866,528		49,967		38,992
Consumer:
Lines of credit		107,344		523		523
Other		23,801		268		0
Residential		405,104		0		0
Subtotal	$	4,432,934	$	58,332	$	47,089

With an allowance recorded:
Commercial	$	223,626	$	2,793	$	1,904
Commercial Real Estate:
General		5,517,604		29,923		29,923
Consumer:
Lines of credit		294,172		3,992		3,341
Other		66,637		460		221
Residential		708,899		6,025		5,462
Subtotal	$	6,810,938	$	43,193	$	40,851
Total	$	11,243,872	$	101,525	$	87,940

Past Due Financing Receivables [Table Text Block]

The following tables present the aging of the recorded investment in past due and non accrual loans by class of loans as of March 31, 2015:

					Greater Than 90		Total Accruing				Total Recorded
	30-59 Days Past		60-89 Days Past		Days Past		Past Due		Current		Investment of
Accruing Loans	Due		Due		Due		Loans		Accruing Loans		Accruing Loans
Commercial	$	0	$	0	$	0	$	0	$	51,284,372	$	51,284,372
Commercial Real Estate:
General		0		0		0		0		49,799,697		49,799,697
Construction		0		0		0		0		2,386,903		2,386,903
Consumer:
Lines of credit		167,973		0		0		167,973		5,392,865		5,560,838
Other		26,887		0		0		26,887		1,269,321		1,296,208
Credit card		0		0		4,031		4,031		458,200		462,231
Residential		162,373		0		0		162,373		15,248,444		15,410,817
Total	$	357,233	$	0	$	4,031	$	361,264	$	125,839,802	$	126,201,066

					Greater Than 90		Total		Current		Total Non Accrual
	30-59 Days Past		60-89 Days Past		Days Past		Non Accrual		Non Accrual		Recorded
Non Accrual Loans	Due		Due		Due		Past Due Loans		Loans		Investment
Commercial	$	0	$	0	$	0	$	0	$	15,397	$	15,397
Commercial Real Estate:
General		175,908		174,852		0		350,760		944,835		1,295,595
Construction		0		0		0		0		0		0
Consumer:
Lines of credit		0		0		84,262		84,262		0		84,262
Other		0		0		0		0		0		0
Credit card		0		0		0		0		0		0
Residential		84,482		0		48,675		133,157		0		133,157
Total	$	260,390	$	174,852	$	132,937	$	568,179	$	960,232	$	1,528,411

The following tables present the aging of the recorded investment in past due and non-accrual loans by class of loans as of December 31, 2014:

					Greater Than 90		Total Accruing				Total Recorded
	30-59 Days Past		60-89 Days Past		Days Past		Past Due		Current		Investment of
Accruing Loans	Due		Due		Due		Loans		Accruing Loans		Accruing Loans
Commercial	$	0	$	0	$	0	$	0	$	51,052,522	$	51,052,522
Commercial Real Estate:
General		0		0		0		0		52,439,759		52,439,759
Construction		0		0		0		0		1,897,422		1,897,422
Consumer:
Lines of credit		133,353		0		0		133,353		5,576,570		5,709,923
Other		175		0		0		175		1,362,269		1,362,444
Credit card		4,958		0		0		4,958		485,785		490,743
Residential		144,798		0		0		144,798		14,928,488		15,073,286
Total	$	283,284	$	0	$	0	$	283,284	$	127,742,815	$	128,026,099

					Greater Than 90		Total		Current		Total Non Accrual
	30-59 Days Past		60-89 Days Past		Days Past		Non Accrual		Non Accrual		Recorded
Non Accrual Loans	Due		Due		Due		Past Due Loans		Loans		Investment
Commercial	$	0	$	0	$	0	$	0	$	16,147	$	16,147
Commercial Real Estate:
General		0		0		310,442		310,442		1,524,725		1,835,167
Construction		0		0		0		0		0		0
Consumer:
Lines of credit		0		0		84,262		84,262		0		84,262
Other		0		0		198		198		0		198
Credit card		0		0		0		0		0		0
Residential		86,482		0		48,675		135,157		0		135,157
Total	$	86,482	$	0	$	443,577	$	530,059	$	1,540,872	$	2,070,931

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following table presents loans by class modified as troubled debt restructurings that occurred during the three month period ended March 31, 2014:

			Pre-Modification		Post-Modification
			Outstanding Recorded		Outstanding Recorded		Current
Three Months Ended March 31, 2014	Number of Loans		Investment		Investment		Balance
Troubled Debt Restructurings:
Commercial		1	$	249,249	$	275,116	$	230,000
Commercial Real Estate:
General		1		2,413,000		2,413,000		2,344,843
Total		2	$	2,662,249	$	2,688,116	$	2,574,843

Financing Receivable Credit Quality Indicators [Table Text Block]

As of March 31, 2015 and December 31, 2014, and based on the most recent analysis performed, the recorded investment by risk category and class of loans is as follows:

					Commercial Real Estate				Commercial Real Estate
	Commercial				General				Construction
	March 31,		December 31,		March 31,		December 31,		March 31,		December 31,
	2015		2014		2015		2014		2015		2014
1	$	6,115	$	15,816	$	0	$	0	$	0	$	0
2		0		0		0		0		0		0
3		11,834,584		10,755,378		5,610,365		5,743,647		414,227		0
4		15,105,896		15,207,227		22,710,477		23,551,631		273,985		351,678
5		20,230,282		21,175,719		14,325,436		15,460,915		183,362		186,594
5M		1,005,257		692,413		4,100,600		4,441,083		0		0
6		1,737,791		1,764,371		2,860,917		2,872,263		1,515,329		1,359,150
7		1,364,383		1,441,534		415,550		729,249		0		0
8		15,461		16,211		1,071,947		1,476,138		0		0
Total	$	51,299,769	$	51,068,669	$	51,095,292	$	54,274,926	$	2,386,903	$	1,897,422

The following tables present the recorded investment in residential and consumer loans based on payment activity as of March 31, 2015 and December 31, 2014:

	Residential
	March 31,		December 31,
	2015		2014
Performing	$	14,994,198	$	14,654,563
Impaired		549,776		553,880
Total	$	15,543,974	$	15,208,443

	Consumer – Lines of credit				Consumer – Other				Consumer – Credit card
	March 31,		December 31,		March 31,		December 31,		March 31,		December 31,
	2015		2014		2015		2014		2015		2014
Performing	$	5,281,959	$	5,428,889	$	1,284,974	$	1,350,616	$	462,231	$	490,743
Impaired		363,141		365,296		11,234		12,026		0		0
Total	$	5,645,100	$	5,794,185	$	1,296,208	$	1,362,642	$	462,231	$	490,743