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SHORT-TERM BORROWINGS (Tables)
 3 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]  
Schedule of Repurchase Agreements [Table Text Block]
The Company’s short-term borrowings consisted of repurchase agreements and FHLB borrowings in 2015 and 2014. Information regarding repurchase agreements at March 31, 2015 and December 31, 2014 is summarized below:
 
 
 
Repurchase
 
Borrowings
 
 
 
Agreements
 
from FHLB
 
 
 
 
 
 
 
 
 
Outstanding at March 31, 2015
 
$
6,045,471
 
$
0
 
Average interest rate at period end
 
 
0.48
%
 
0
%
Average balance during period
 
 
7,299,398
 
 
0
 
Average interest rate during period
 
 
0.47
%
 
0
%
Maximum month end balance during period
 
 
8,829,269
 
 
0
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2014
 
$
8,610,621
 
$
0
 
Average interest rate at year-end
 
 
0.49
%
 
0
%
Average balance during year
 
 
9,358,758
 
 
16,438
 
Average interest rate during year
 
 
0.52
%
 
0.40
%
Maximum month end balance during year
 
 
10,767,084
 
 
0