SECURITIES AVAILABLE FOR SALE (Tables)

12 Months Ended

Dec. 31, 2012

Investments, Debt and Equity Securities [Abstract]

Available-for-sale Securities [Table Text Block]

The fair value of available for sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
2012
US Treasury	$	4,044,909	$	49,623	$	0	$	4,094,532
US Government and federal agency		20,013,843		250,523		(4,623)		20,259,743
Municipals		2,260,272		73,469		0		2,333,741
Mortgage-backed and collateralized
mortgage obligations– residential		14,539,668		264,090		(31,378)		14,772,380
	$	40,858,692	$	637,705	$	(36,001)	$	41,460,396
2011
US Treasury	$	4,041,881	$	25,775	$	0	$	4,067,656
US Government and federal agency		15,341,362		239,037		(7,811)		15,572,588
Municipals		2,767,463		123,957		0		2,891,420
Mortgage-backed and collateralized
mortgage obligations– residential		11,733,141		317,565		(10,267)		12,040,439
	$	33,883,847	$	706,334	$	(18,078)	$	34,572,103

Investments Classified by Contractual Maturity Date [Table Text Block]

The fair value of debt securities and carrying amount, if different, at year-end 2012 by contractual maturity were as follows.  Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately:

	Amortized		Fair
2012	Cost		Value
Due in one year or less	$	5,027,276	$	5,068,722
Due from one to five years		20,229,055		20,505,372
Due from five to ten years		1,062,693		1,113,922
Due in more than ten years		0		0
Mortgage-backed and collateralized mortgage obligations – residential		14,539,668		14,772,380
	$	40,858,692	$	41,460,396

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]

Securities with unrealized losses not recognized in income at year-end 2012 and 2011, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows:

	Less than 12 Months				12 Months or Longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
2012	Value		Losses		Value		Losses		Value		Losses
US Government and federal agency	$	3,050,187	$	(4,623)	$	0	$	0	$	3,050,187	$	(4,623)
Mortgage-backed and collateralized mortgage obligations - residential		3,882,818		(21,580)		269,692		(9,798)		4,152,510		(31,378)
	$	6,933,005	$	(26,203)	$	269,692	$	(9,798)	$	7,202,697	$	(36,001)

	Less than 12 Months				12 Months or Longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
2011	Value		Losses		Value		Losses		Value		Losses
US Government and federal agency	$	2,060,693	$	(7,811)	$	0	$	0	$	2,060,693	$	(7,811)
Mortgage-backed and collateralized mortgage obligations - residential		817,615		(4,240)		1,215,921		(6,027)		2,033,536		(10,267)
	$	2,878,308	$	(12,051)	$	1,215,921	$	(6,027)	$	4,094,229	$	(18,078)