FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets measured at fair value on a recurring basis are summarized below as of the periods ended September 30, 2013 and December 31, 2012:

			Fair Value Measurements Using
			Quoted Prices		Significant
			in Active		Other		Significant
			Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
September 30, 2013	Total		(Level 1)		(Level 2)		(Level 3)
Available for sale securities:
US Treasury	$	3,052,109	$	3,052,109	$	0	$	0
US Government and federal agency		16,943,002		0		16,943,002		0
Municipals		1,598,152		0		1,598,152		0
Mortgage-backed and collateralized mortgage obligations– residential		11,907,351		0		11,907,351		0
Total	$	33,500,614	$	3,052,109	$	30,448,505	$	0
December 31, 2012
Available for sale securities:
US Treasury	$	4,094,532	$	4,094,532	$	0	$	0
US Government and federal agency		20,259,743		0		20,259,743		0
Municipals		2,333,741		0		2,333,741		0
Mortgage-backed and collateralized mortgage obligations– residential		14,772,380		0		14,772,380		0
Total	$	41,460,396	$	4,094,532	$	37,365,864	$	0

Fair Value Measurements, Nonrecurring [Table Text Block]

Assets measured at fair value on a non-recurring basis are summarized below as of the periods ended September 30, 2013 and December 31, 2012. Impaired loans and foreclosed assets are included if the fair value of such assets was revised during the quarterly period then ended.

			Significant
			Unobservable Inputs
	Total		(Level 3)
September 30, 2013
Impaired loans:
Consumer:
Other	$	52,612	$	52,612
Residential		61,722		61,722
Total	$	114,334	$	114,334
Foreclosed assets:
Commercial Real Estate:
General	$	267,390	$	267,390
Residential		55,794		55,794
Total	$	323,184	$	323,184
December 31, 2012
Impaired loans:
Commercial	$	84,755	$	84,755
Commercial Real Estate:
General		786,282		786,282
Residential		140,269		140,269
Total	$	1,011,306	$	1,011,306
Foreclosed assets:
Commercial Real Estate:
General	$	141,596	$	141,596
Construction		380,142		380,142
Total	$	521,738	$	521,738

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

The following table presents information as of December 31, 2012 about significant unobservable inputs related to the Bank’s individually material¹ Level 3 financial assets, by class, measured on a non-recurring basis:

			Valuation	Significant Unobservable	Range			Weighted
	Fair Value		Technique (s)	Inputs	of Inputs			Average
December 31, 2012
Impaired loans:				Adjustments for differences between
Commercial Real Estate:			Sales comparison approach	the comparable sales		0	%		0	%
General	$	698,475	Income approach	Capitalization rate		10.0	%		10.0	%
Total	$	698,475
Foreclosed assets:
Commercial Real Estate:				Adjustments for differences between
Construction	$	269,100	Sales comparison approach	the comparable sales		(45.0) - 0	%		(4.5)	%
Total	$	269,100

¹ For purposes of this disclosure, only material Level 3 assets are disclosed. These assets are included in the total non-recurring Level 3 financial assets reported in the preceding tables.

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amounts and estimated fair values of financial instruments not previously presented above are as follows:

			Fair Value Measurements
			at September 30, 2013 Using
	Carrying
	Amount		Level 1		Level 2		Level 3		Total
	(in thousands)
Financial assets
Cash and cash equivalents	$	10,140	$	10,140	$	0	$	0	$	10,140
Loans held for sale		0		0		0		0		0
Loans, net (including impaired)		125,677		0		0		125,272		125,272
FHLB stock		451		N/A		N/A		N/A		N/A
Accrued interest receivable		485		15		136		334		485
Financial liabilities
Deposits		163,568		80,770		76,847		0		157,617
Federal funds purchased and repurchase agreements		8,972		0		8,972		0		8,972
Subordinated debentures		4,500		0		0		1,125		1,125
Notes payable		1,280		0		0		1,280		1,280
Accrued interest payable		475		3		31		130		164

			Fair Value Measurements
			at December 31, 2012 Using
	Carrying
	Amount		Level 1		Level 2		Level 3		Total
	(in thousands)
Financial assets
Cash and cash equivalents	$	20,297	$	20,297	$	0	$	0	$	20,297
Loans held for sale		6,041		0		6,183		0		6,183
Loans, net (including impaired)		122,447		0		0		116,004		116,004
FHLB stock		451		N/A		N/A		N/A		N/A
Accrued interest receivable		592		12		163		417		592
Financial liabilities
Deposits		184,176		88,959		94,185		0		183,144
Federal funds purchased and repurchase agreements		10,190		0		10,190		0		10,190
Subordinated debentures		4,500		0		0		1,125		1,125
Notes payable		5,000		0		0		500		500
Accrued interest payable		1,156		4		64		81		149