SHORT-TERM BORROWINGS (Tables)

9 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

Schedule of Repurchase Agreements [Table Text Block]

The September 30, 2013 and December 31, 2012 short-term borrowing information was as follows:

	Repurchase
	Agreements
Outstanding at September 30, 2013	$	8,972,374
Average interest rate at period end		0.56	%
Average balance during period		9,996,881
Average interest rate during period		0.59	%
Maximum month end balance during period		10,878,256
Outstanding at December 31, 2012	$	10,190,059
Average interest rate at year-end		0.59	%
Average balance during year		9,241,260
Average interest rate during year		0.75	%
Maximum month end balance during year		12,037,087