LOANS (Tables)

6 Months Ended

Jun. 30, 2014

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Outstanding loan balances by portfolio segment and class at June 30, 2014 and December 31, 2013 were as follows:

	June 30, 2014		December 31, 2013
Commercial	$	51,276,448	$	47,081,426
Commercial Real Estate:
General		56,258,764		57,101,939
Construction		2,103,444		2,065,308
Consumer:
Lines of credit		7,059,544		7,737,439
Other		1,365,622		1,560,384
Credit card		472,318		451,009
Residential		14,225,498		15,611,082
Net deferred loan fees		(58,399)		(54,343)
		132,703,239		131,554,244
Less: Allowance for loan losses		(2,741,560)		(2,809,642)
Loans, net	$	129,961,679	$	128,744,602