SECURITIES AVAILABLE FOR SALE (Tables)

12 Months Ended

Dec. 31, 2013

Investments, Debt and Equity Securities [Abstract]

Available-for-sale Securities [Table Text Block]

The following tables represent the securities held in the Company’s portfolio at December 31, 2013 and 2012:

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
2013
US Treasury	$	2,525,481	$	16,551	$	0	$	2,542,032
US Government and federal agency		15,823,511		90,497		(46,602)		15,867,406
Municipals		1,563,394		27,747		0		1,591,141
Mortgage-backed and collateralized mortgage obligations– residential		11,354,185		132,797		(257,315)		11,229,667
	$	31,266,571	$	267,592	$	(303,917)	$	31,230,246
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

Investments Classified by Contractual Maturity Date [Table Text Block]

Below is the schedule of contractual maturities for securities held at December 31, 2013:

	Amortized		Fair
2013	Cost		Value
Due in one year or less	$	4,020,681	$	4,038,324
Due from one to five years		15,540,166		15,601,541
Due from five to ten years		351,539		360,714
Due in more than ten years		0		0
Mortgage-backed and collateralized mortgage obligations – residential		11,354,185		11,229,667
	$	31,266,571	$	31,230,246

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

Below is the table of securities with unrealized losses, aggregated by investment category and length of time such securities were in an unrealized loss position at December 31, 2013 and 2012:

	Less than 12 Months				12 Months or Longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
2013	Value		Losses		Value		Losses		Value		Losses
US Government and federal agency	$	2,439,145	$	(38,342)	$	1,031,280	$	(8,260)	$	3,470,425	$	(46,602)
Mortgage-backed and collateralized mortgage obligations - residential		5,604,925		(191,440)		1,473,265		(65,875)		7,078,190		(257,315)
	$	8,044,070	$	(229,782)	$	2,504,545	$	(74,135)	$	10,548,615	$	(303,917)

	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)