LOANS

9 Months Ended

Sep. 30, 2013

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

3. LOANS

Outstanding loan balances by portfolio segment and class were as follows:

	September 30, 2013		December 31, 2012
Commercial	$	43,596,519	$	39,915,144
Commercial Real Estate:
General		56,402,659		53,096,828
Construction		2,094,988		3,464,366
Consumer:
Lines of credit		8,291,775		9,105,387
Other		1,669,427		2,015,234
Credit card		470,836		490,802
Residential		16,078,808		17,798,131
Net deferred loan fees		(57,759)		(55,642)
		128,547,253		125,830,250
Less: Allowance for loan losses		(2,870,036)		(3,382,977)
Loans, net	$	125,677,217	$	122,447,273