FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2015

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 June 30, 2015 and December 31, 2014:

			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)
June 30, 2015
Available for sale securities:
US Treasury	$	2,025,234	$	2,025,234	$	0	$	0
US Government and federal agency		13,658,949		0		13,658,949		0
Municipals		711,392		0		711,392		0
Mortgage-backed and collateralized mortgage obligations– residential		11,884,933		0		11,884,933		0
Total	$	28,280,508	$	2,025,234	$	26,255,274	$	0

Servicing assets	$	33,279	$	0	$	33,279	$	0

December 31, 2014
Available for sale securities:
US Treasury	$	2,025,703	$	2,025,703	$	0	$	0
US Government and federal agency		15,203,950		0		15,203,950		0
Municipals		1,064,465		0		1,064,465		0
Mortgage-backed and collateralized mortgage obligations– residential		13,397,251		0		13,397,251		0
Total	$	31,691,369	$	2,025,703	$	29,665,666	$	0

Servicing assets	$	33,279	$	0	$	33,279	$	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 June 30, 2015 and December 31, 2014:

			Quoted Prices in		Significant
			Active Markets for		Other Observable		Significant
			Identical Assets		Inputs		Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
June 30, 2015
Impaired loans¹:	$	1,099,909	$	0	$	0	$	1,099,909
Foreclosed assets:		855,424		0		0		855,424
Total	$	1,955,333	$	0	$	0	$	1,955,333

			Quoted Prices in		Significant
			Active Markets for		Other Observable		Significant
			Identical Assets		Inputs		Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
December 31, 2014
Impaired loans¹:	$	1,596,474	$	0	$	0	$	1,596,474
Foreclosed assets:		1,913,093		0		0		1,913,093
Total	$	3,509,567	$	0	$	0	$	3,509,567

¹ Collateral dependent

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

The following tables present information as of June 30, 2015 and December 31, 2014 about significant unobservable inputs related to the Bank’s Level 3 financial assets, by class, measured on a non-recurring basis:

			Valuation	Significant Unobservable	Range
June 30, 2015	Fair Value		Technique	Inputs	of Inputs
Impaired loans	$	778,500	Income approach	Adjustments for differences between comparable sales		(13)-5	%

Foreclosed assets	$	0	N/A	N/A		N/A	%

			Valuation	Significant Unobservable	Range
December 31, 2014	Fair Value		Technique	Inputs		of Inputs
Impaired loans	$	1,294,790	Sales comparison approach	Adjustments for differences between comparable sales			(25)-25	%
			Income approach	Capitalization rate			10	%

Foreclosed assets	$	1,056,514	Sales comparison approach	Adjustments for differences between comparable sales			(30)-25	%

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
			at June 30, 2015
	Carrying
	Amount		Level 1		Level 2		Level 3		Total
	(in thousands)
Financial assets
Cash and cash equivalents	$	18,556	$	18,556	$	0	$	0	$	18,556
Loans held for sale		78		0		78		0		78
Loans, net (including impaired)		125,521		0		0		123,297		123,297
FHLB stock		301		N/A		N/A		N/A		N/A
Accrued interest receivable		383		6		85		292		383

Financial liabilities
Deposits		169,341		0		160,260		0		160,260
Federal funds purchased and repurchase agreements		4,960		0		4,960		0		4,960
Subordinated debentures		4,500		0		0		1,125		1,125
Notes payable		1,280		0		0		1,280		1,280
Financial liability derivative		427		0		0		427		427
Accrued interest payable		672		0		23		182		205

			Fair Value Measurements
			at December 31, 2014
	Carrying
	Amount		Level 1		Level 2		Level 3		Total
	(in thousands)
Financial assets
Cash and cash equivalents	$	7,936	$	7,936	$	0	$	0	$	7,936
Loans held for sale		148		0		152		0		152
Loans, net (including impaired)		127,809		0		0		124,712		124,712
FHLB stock		388		N/A		N/A		N/A		N/A
Accrued interest receivable		418		6		102		310		418

Financial liabilities
Deposits		161,305		0		155,659		0		155,659
Federal funds purchased and repurchase agreements		8,611		0		8,611		0		8,611
Subordinated debentures		4,500		0		0		1,125		1,125
Notes payable		1,280		0		0		1,280		1,280
Financial liability derivative		0		0		0		0		0
Accrued interest payable		615		0		26		167		193