FORECLOSED ASSETS (Tables)

12 Months Ended

Dec. 31, 2014

Repossessed Assets [Abstract]

Foreclosed Assets [Table Text Block]

Foreclosed asset activity for the year ended December 31:

	2014		2013
Beginning of year	$	2,558,299	$	2,806,781
Additions		550,859		654,801
Reductions from sales		(749,971)		(706,633)
Direct write-downs		(120,190)		(196,650)
End of year	$	2,238,997	$	2,558,299
Expenses related to foreclosed assets include:

	2014		2013
Operating expenses, net of rental income	$	141,068	$	211,459