ALLOWANCE FOR LOAN LOSSES AND IMPAIRED LOANS (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]

The following tables present the activity in the allowance for loan losses for the three and six month periods ended June 30, 2015 and 2014 by portfolio segment:

			Commercial
Three Months Ended June 30, 2015	Commercial		Real Estate		Consumer		Residential		Unallocated		Total
Allowance for loan losses:
Beginning balance	$	512,974	$	409,839	$	294,929	$	206,707	$	183,293	$	1,607,742
Charge-offs		0		(36,815)		(13,610)		0		0		(50,425)
Recoveries		9,800		0		6,256		0		0		16,056
Provision for loan losses		7,077		53,604		(11,476)		(9,918)		(39,287)		0
Ending balance	$	529,851	$	426,628	$	276,099	$	196,789	$	144,006	$	1,573,373

			Commercial
Three Months Ended June 30, 2014	Commercial		Real Estate		Consumer		Residential		Unallocated		Total
Allowance for loan losses:
Beginning balance	$	426,072	$	1,686,614	$	396,967	$	198,683	$	333,873	$	3,042,209
Charge-offs		(20,890)		(163,692)		(48,450)		(83,384)		0		(316,416)
Recoveries		5,150		2,557		8,060		0		0		15,767
Provision for loan losses		17,915		(57,097)		33,423		114,480		(108,721)		0
Ending balance	$	428,247	$	1,468,382	$	390,000	$	229,779	$	225,152	$	2,741,560

			Commercial
Six Months Ended June 30, 2015	Commercial		Real Estate		Consumer		Residential		Unallocated		Total
Allowance for loan losses:
Beginning balance	$	500,776	$	848,589	$	294,039	$	204,485	$	130,283	$	1,978,172
Charge-offs		0		(429,212)		(14,087)		0		0		(443,299)
Recoveries		26,900		0		11,600		0		0		38,500
Provision for loan losses		2,175		7,251		(15,453)		(7,696)		13,723		0
Ending balance	$	529,851	$	426,628	$	276,099	$	196,789	$	144,006	$	1,573,373

			Commercial
Six Months Ended June 30, 2014	Commercial		Real Estate		Consumer		Residential		Unallocated		Total
Allowance for loan losses:
Beginning balance	$	339,048	$	1,713,193	$	424,824	$	227,767	$	104,810	$	2,809,642
Charge-offs		(20,890)		(163,692)		(48,724)		(115,585)		0		(348,891)
Recoveries		258,950		2,557		19,302		0		0		280,809
Provision for loan losses		(148,861)		(83,676)		(5,402)		117,597		120,342		0
Ending balance	$	428,247	$	1,468,382	$	390,000	$	229,779	$	225,152	$	2,741,560

Allowance for Credit Losses on Financing Receivables [Table Text Block]

The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment based on impairment method as of June 30, 2015 and December 31, 2014:

			Commercial
June 30, 2015	Commercial		Real Estate		Consumer		Residential		Unallocated		Total
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	134,815	$	0	$	145,937	$	89,064	$	0	$	369,816
Collectively evaluated for impairment		395,036		426,628		130,162		107,725		0		1,059,551
Unallocated		0		0		0		0		144,006		144,006
Total ending allowance balance	$	529,851	$	426,628	$	276,099	$	196,789	$	144,006	$	1,573,373

Loans:
Individually evaluated for impairment	$	1,775,219	$	5,696,969	$	284,458	$	740,228	$	0	$	8,496,874
Collectively evaluated for impairment		50,200,908		46,513,964		7,010,640		15,164,187		0		118,889,699
Total ending loans balance	$	51,976,127	$	52,210,933	$	7,295,098	$	15,904,415	$	0	$	127,386,573

			Commercial
December 31, 2014	Commercial		Real Estate		Consumer		Residential		Unallocated		Total
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	135,694	$	411,996	$	162,615	$	82,753	$	0	$	793,058
Collectively evaluated for impairment		365,082		436,593		131,424		121,732		0		1,054,831
Unallocated		0		0		0		0		130,283		130,283
Total ending allowance balance	$	500,776	$	848,589	$	294,039	$	204,485	$	130,283	$	1,978,172

Loans:
Individually evaluated for impairment	$	1,802,389	$	6,474,866	$	377,322	$	553,880	$	0	$	9,208,457
Collectively evaluated for impairment		49,266,280		49,697,482		7,270,248		14,654,563		0		120,888,573
Total ending loans balance	$	51,068,669	$	56,172,348	$	7,647,570	$	15,208,443	$	0	$	130,097,030

Impaired Financing Receivables [Table Text Block]

The following tables present loans individually evaluated for impairment by class of loans as of June 30, 2015 and December 31, 2014. For purposes of this disclosure, the unpaid principal balance is not reduced for partial charge-offs.

	Recorded		Unpaid Principal		Related
June 30, 2015	Investment		Balance		Allowance
With no related allowance recorded:
Commercial	$	1,343,348	$	1,340,238	$	0
Commercial Real Estate:
General		5,696,969		6,908,376		0
Consumer:
Lines of credit		17,777		17,777		0
Other		0		0		0
Residential		426,500		459,009		0
Subtotal	$	7,484,594	$	8,725,400	$	0

With a related allowance recorded:
Commercial	$	431,871	$	444,819	$	134,815
Commercial Real Estate:
General		0		0		0
Consumer:
Lines of credit		255,486		254,731		134,879
Other		11,195		11,058		11,058
Residential		313,728		320,985		89,064
Subtotal	$	1,012,280	$	1,031,593	$	369,816
Total	$	8,496,874	$	9,756,993	$	369,816

	Recorded		Unpaid Principal		Related
December 31, 2014	Investment		Balance		Allowance
With no related allowance recorded:
Commercial	$	1,436,684	$	1,432,867	$	0
Commercial Real Estate:
General		4,734,250		4,797,634		0
Consumer:
Lines of credit		87,646		97,188		0
Other		363		363		0
Residential		160,580		193,074		0
Subtotal	$	6,419,523	$	6,521,126	$	0
With a related allowance recorded:
Commercial	$	365,705	$	379,068	$	135,694
Commercial Real Estate:
General		1,740,616		2,478,367		411,996
Consumer:
Lines of credit		277,650		276,294		151,074
Other		11,663		11,541		11,541
Residential		393,300		401,270		82,753
Subtotal	$	2,788,934	$	3,546,540	$	793,058
Total	$	9,208,457	$	10,067,666	$	793,058

Schedule Of Non Performing Past Due And Accrual Status Of Impaired Loans [Table Text Block]

Non-performing loans, from a past due and accrual status, and impaired loans are defined differently. Some loans may be included in both categories, whereas other loans may only be included in one category. However, non-accrual loans and loans past due 90 days still on accrual are all individually classified impaired loans.

	Three Months		Three Months		Three Months
	Average Recorded		Interest Income		Cash Basis
June 30, 2015	Investment		Recognized		Interest Recognized
With no related allowance recorded:
Commercial	$	1,521,696	$	12,982	$	12,982
Commercial Real Estate:
General		5,715,583		51,062		41,157
Consumer:
Lines of credit		29,556		0		0
Other		0		0		0
Residential		245,504		456		456
Subtotal	$	7,512,339	$	64,500	$	54,595

With a related allowance recorded:
Commercial	$	433,346	$	5,655	$	5,655
Commercial Real Estate:
General		0		0		0
Consumer:
Lines of credit		296,122		4,145		4,125
Other		11,208		0		0
Residential		366,549		3,273		2,198
Subtotal	$	1,107,225	$	13,073	$	11,978
Total	$	8,619,564	$	77,573	$	66,573

	Three Months		Three Months		Three Months
	Average Recorded		Interest Income		Cash Basis
June 30, 2014	Investment		Recognized		Interest Recognized
With no related allowance recorded:
Commercial	$	1,034,795	$	7,560	$	5,133
Commercial Real Estate:
General		5,485,590		63,156		62,217
Consumer:
Lines of credit		97,346		0		0
Other		940		0		0
Residential		418,229		0		0
Subtotal	$	7,036,900	$	70,716	$	67,350

With a related allowance recorded:
Commercial	$	417,958	$	5,411	$	5,411
Commercial Real Estate:
General		3,607,810		0		0
Consumer:
Lines of credit		300,699		4,724		4,419
Other		31,931		38		0
Residential		594,390		6,587		6,396
Subtotal	$	4,952,788	$	16,760	$	16,226
Total	$	11,989,688	$	87,476	$	83,576

	Six Months		Six Months		Six Months
	Average Recorded		Interest Income		Cash Basis
June 30, 2015	Investment		Recognized		Interest Recognized
With no related allowance recorded:
Commercial	$	1,453,896	$	25,965	$	25,965
Commercial Real Estate:
General		5,444,790		102,045		84,649
Consumer:
Lines of credit		58,601		0		0
Other		0		0		0
Residential		202,277		921		921
Subtotal	$	7,159,564	$	128,931	$	111,535

With a related allowance recorded:
Commercial	$	427,605	$	11,284	$	10,581
Commercial Real Estate:
General		773,663		0		0
Consumer:
Lines of credit		286,358		8,679		8,572
Other		11,261		0		0
Residential		379,429		7,485		6,410
Subtotal	$	1,878,316	$	27,448	$	25,563
Total	$	9,037,880	$	156,379	$	137,098

	Six Months		Six Months		Six Months
	Average Recorded		Interest Income		Cash Basis
June 30, 2014	Investment		Recognized		Interest Recognized
With no related allowance recorded:
Commercial	$	1,032,476	$	15,036	$	15,036
Commercial Real Estate:
General		4,176,059		114,817		103,651
Consumer:
Lines of credit		102,345		0		0
Other		12,371		268		0
Residential		411,666		0		0
Subtotal	$	5,734,917	$	130,121	$	118,687

With a related allowance recorded:
Commercial	$	320,792	$	8,182	$	7,339
Commercial Real Estate:
General		4,562,707		0		0
Consumer:
Lines of credit		297,435		9,131		8,227
Other		49,284		38		0
Residential		651,645		13,100		12,351
Subtotal	$	5,881,863	$	30,451	$	27,917
Total	$	11,616,780	$	160,572	$	146,604

Past Due Financing Receivables [Table Text Block]

The following tables present the aging of the recorded investment in past due and non-accrual loans by class of loans as of June 30, 2015:

					Greater Than 90		Total Accruing				Total Recorded
	30-59 Days Past		60-89 Days Past		Days Past		Past Due		Current		Investment of
Accruing Loans	Due		Due		Due		Loans		Accruing Loans		Accruing Loans
Commercial	$	46,171	$	0	$	0	$	46,171	$	51,915,026	$	51,961,197
Commercial Real Estate:
General		0		0		0		0		48,968,342		48,968,342
Construction		0		0		0		0		1,967,820		1,967,820
Consumer:
Lines of credit		26,795		42,012		0		68,807		5,439,528		5,508,335
Other		0		3		0		3		1,320,364		1,320,367
Credit card		12,590		0		0		12,590		436,029		448,619
Residential		0		0		0		0		15,775,257		15,775,257
Total	$	85,556	$	42,015	$	0	$	127,571	$	125,822,366	$	125,949,937

					Greater Than 90		Total		Current		Total Non-Accrual
	30-59 Days Past		60-89 Days Past		Days Past		Non-Accrual		Non-Accrual		Recorded
Non-Accrual Loans	Due		Due		Due		Past Due Loans		Loans		Investment
Commercial	$	0	$	0	$	0	$	0	$	14,930	$	14,930
Commercial Real Estate:
General		0		0		318,298		318,298		956,473		1,274,771
Construction		0		0		0		0		0		0
Consumer:
Lines of credit		0		0		17,777		17,777		0		17,777
Other		0		0		0		0		0		0
Credit card		0		0		0		0		0		0
Residential		0		0		0		0		129,158		129,158
Total	$	0	$	0	$	336,075	$	336,075	$	1,100,561	$	1,436,636

The following tables present the aging of the recorded investment in past due and non-accrual loans by class of loans as of December 31, 2014:

					Greater Than 90		Total Accruing				Total Recorded
	30-59 Days Past		60-89 Days Past		Days Past		Past Due		Current		Investment of
Accruing Loans	Due		Due		Due		Loans		Accruing Loans		Accruing Loans
Commercial	$	0	$	0	$	0	$	0	$	51,052,522	$	51,052,522
Commercial Real Estate:
General		0		0		0		0		52,439,759		52,439,759
Construction		0		0		0		0		1,897,422		1,897,422
Consumer:
Lines of credit		133,353		0		0		133,353		5,576,570		5,709,923
Other		175		0		0		175		1,362,269		1,362,444
Credit card		4,958		0		0		4,958		485,785		490,743
Residential		144,798		0		0		144,798		14,928,488		15,073,286
Total	$	283,284	$	0	$	0	$	283,284	$	127,742,815	$	128,026,099

					Greater Than 90		Total		Current		Total Non-Accrual
	30-59 Days Past		60-89 Days Past		Days Past		Non-Accrual		Non-Accrual		Recorded
Non-Accrual Loans	Due		Due		Due		Past Due Loans		Loans		Investment
Commercial	$	0	$	0	$	0	$	0	$	16,147	$	16,147
Commercial Real Estate:
General		0		0		310,442		310,442		1,524,725		1,835,167
Construction		0		0		0		0		0		0
Consumer:
Lines of credit		0		0		84,262		84,262		0		84,262
Other		0		0		198		198		0		198
Credit card		0		0		0		0		0		0
Residential		86,482		0		48,675		135,157		0		135,157
Total	$	86,482	$	0	$	443,577	$	530,059	$	1,540,872	$	2,070,931

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following tables present loans by class modified as troubled debt restructurings that occurred during the three and six month periods ended June 30, 2015:

		Pre-Modification		Post-Modification
		Outstanding Recorded		Outstanding Recorded
Three Months Ended June 30, 2015	Number of Loans	Investment		Investment
Troubled Debt Restructurings:
Residential	1		272,800		272,800
Total	1	$	272,800	$	272,800

		Pre-Modification		Post-Modification
		Outstanding Recorded		Outstanding Recorded
Six Months Ended June 30, 2015	Number of Loans	Investment		Investment
Troubled Debt Restructurings:
Residential	1		272,800		272,800
Total	1	$	272,800	$	272,800

The following table presents loans by class modified as troubled debt restructurings that occurred during the three and six month periods ended June 30, 2014:

		Pre-Modification		Post-Modification
		Outstanding Recorded		Outstanding Recorded
Three Months Ended June 30, 2014	Number of Loans	Investment		Investment
Troubled Debt Restructurings:
Commercial	1	$	249,249	$	275,116
Commercial Real Estate:
General	1		2,413,000		2,413,000
Total	2	$	2,662,249	$	2,688,116

		Pre-Modification		Post-Modification
		Outstanding Recorded		Outstanding Recorded
Six Months Ended June 30, 2014	Number of Loans	Investment		Investment
Troubled Debt Restructurings:
Commercial	1	$	249,249	$	275,116
Commercial Real Estate:
General	1		2,413,000		2,413,000
Total	2	$	2,662,249	$	2,688,116

For the three and six month periods ended June 30, 2014 there was one troubled debt restructuring that experienced a payment default within 12 months following the modification. The payment default occurred in the second quarter. Below is a table which presents that loan by class:

Financing Receivable Credit Quality Indicators [Table Text Block]

As of June 30, 2015 and December 31, 2014, and based on the most recent analysis performed, the recorded investment by risk category and class of loans is as follows:

					Commercial Real Estate				Commercial Real Estate
	Commercial				General				Construction
	June 30,		December 31,		June 30,		December 31,		June 30,		December 31,
	2015		2014		2015		2014		2015		2014
1	$	1,101,412	$	15,816	$	0	$	0	$	0	$	0
2		0		0		0		0		0		0
3		13,220,176		10,755,378		5,750,999		5,743,647		0		0
4		13,883,589		15,207,227		18,125,391		23,551,631		272,485		351,678
5		19,773,311		21,175,719		12,919,555		15,460,915		180,142		186,594
5M		1,177,782		692,413		4,386,229		4,441,083		0		0
6		1,458,049		1,764,371		7,597,829		2,872,263		1,515,193		1,359,150
7		1,346,814		1,441,534		440,427		729,249		0		0
8		14,994		16,211		1,022,683		1,476,138		0		0
Total	$	51,976,127	$	51,068,669	$	50,243,113	$	54,274,926	$	1,967,820	$	1,897,422

The following tables present the recorded investment in residential and consumer loans based on payment activity as of June 30, 2015 and December 31, 2014:

	Residential
	June 30,		December 31,
	2015		2014
Performing	$	15,164,187	$	14,654,563
Impaired		740,228		553,880
Total	$	15,904,415	$	15,208,443

	Consumer – Lines of credit				Consumer – Other				Consumer – Credit card
	June 30,		December 31,		June 30,		December 31,		June 30,		December 31,
	2015		2014		2015		2014		2015		2014
Performing	$	5,252,849	$	5,428,889	$	1,309,172	$	1,350,616	$	448,619	$	490,743
Impaired		273,263		365,296		11,195		12,026		0		0
Total	$	5,526,112	$	5,794,185	$	1,320,367	$	1,362,642	$	448,619	$	490,743

Recorded Investment

Number of Loans

at time of default

Troubled Debt Restructurings

That Subsequently Defaulted:

Commercial