FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2014

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 September 30, 2014 and December 31, 2013:

			Fair Value Measurements Using
			Quoted Prices		Significant
			in Active		Other		Significant
			Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
September 30, 2014
Available for sale securities:
US Treasury	$	2,528,672	$	2,528,672	$	0	$	0
US Government and federal agency		15,236,198		0		15,236,198		0
Municipals		1,068,198		0		1,068,198		0
Mortgage-backed and collateralized mortgage obligations– residential		14,046,042		0		14,046,042		0
Total	$	32,879,110	$	2,528,672	$	30,350,438	$	0
Servicing assets	$	34,699	$	0	$	34,699	$	0
December 31, 2013
Available for sale securities:
US Treasury	$	2,542,032	$	2,542,032	$	0	$	0
US Government and federal agency		15,867,406		0		15,867,406		0
Municipals		1,591,141		0		1,591,141		0
Mortgage-backed and collateralized mortgage obligations– residential		11,229,667		0		11,229,667		0
Total	$	31,230,246	$	2,542,032	$	28,688,214	$	0
Servicing assets	$	37,217	$	0	$	37,217	$	0

Fair Value Measurements, Nonrecurring [Table Text Block]

Assets measured at fair value on a non-recurring basis are summarized below for the periods ended September 30, 2014 and December 31, 2013:

			Quoted Prices in		Significant
			Active Markets for		Other Observable		Significant
			Identical Assets		Inputs		Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
September 30, 2014
Impaired loans1:	$	5,522,189	$	0	$	0	$	5,522,189
Foreclosed assets:		2,131,846		0		0		2,131,846
Total	$	7,654,035	$	0	$	0	$	7,654,035

			Quoted Prices in		Significant
			Active Markets for		Other Observable		Significant
			Identical Assets		Inputs		Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
December 31, 2013
Impaired loans1:	$	6,645,389	$	0	$	0	$	6,645,389
Foreclosed assets:		2,558,299		0		0		2,558,299
Total	$	9,203,688	$	0	$	0	$	9,203,688

¹ Collateral dependent

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
	Carrying		at September 30, 2014
	Amount		Level 1		Level 2		Level 3		Total
	(in thousands)
Financial assets
Cash and cash equivalents	$	16,386	$	16,386	$	0	$	0	$	16,386
Loans held for sale		261		0		265		0		265
Loans, net (including impaired)		126,846		0		0		123,068		123,068
FHLB stock		451		N/A		N/A		N/A		N/A
Accrued interest receivable		457		12		123		322		457
Financial liabilities
Deposits		168,108		90,231		70,994		0		161,225
Federal funds purchased and repurchase agreements		10,767		0		10,767		0		10,767
Subordinated debentures		4,500		0		0		1,125		1,125
Notes payable		1,280		0		0		1,280		1,280
Accrued interest payable		589		5		25		159		189

			Fair Value Measurements
	Carrying		at December 31, 2013
	Amount		Level 1		Level 2		Level 3		Total
	(in thousands)
Financial assets
Cash and cash equivalents	$	17,133	$	17,133	$	0	$	0	$	17,133
Loans held for sale		240		0		246		0		246
Loans, net (including impaired)		128,745		0		0		122,235		122,235
FHLB stock		451		N/A		N/A		N/A		N/A
Accrued interest receivable		467		8		117		342		467
Financial liabilities
Deposits		171,940		79,596		84,785		0		164,381
Federal funds purchased and repurchase agreements		8,428		0		8,428		0		8,428
Subordinated debentures		4,500		0		0		1,125		1,125
Notes payable		1,280		0		0		1,280		1,280
Accrued interest payable		506		4		32		137		173