FAIR VALUE MEASUREMENTS (Details 3) - USD ($)	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Financial assets (Carrying Amount)
Cash and cash equivalents	$ 26,935,073	$ 7,935,522	$ 16,385,599	$ 17,132,741
Loans held for sale	0	148,000
Loans, net (including impaired)	121,899,137	127,808,961
FHLB stock	300,500	388,400
Accrued interest receivable	386,049	418,249
Financial liabilities (Carrying Amount)
Deposits	170,986,037	161,305,440
Federal funds purchased and repurchase agreements	4,874,102	8,610,621
Subordinated debentures	4,500,000	4,500,000
Notes payable	1,280,000	1,280,000
Derivative liability	426,667	0
Accrued interest payable	706,000	615,000
Financial assets (Fair Value Amount)
Cash and cash equivalents	26,935,000	7,936,000
Loans held for sale	0	152,000
Loans, net (including impaired)	119,535,000	124,712,000
Accrued interest receivable	386,000	418,000
Financial liabilities (Fair Value Amount)
Deposits	163,726,000	155,659,000
Federal funds purchased and repurchase agreements	4,874,000	8,611,000
Subordinated debentures	1,125,000	1,125,000
Notes payable	1,280,000	1,280,000
Derivative liability	427,000	0
Accrued interest payable	216,000	193,000
Fair Value, Inputs, Level 1 [Member]
Financial assets (Fair Value Amount)
Cash and cash equivalents	26,935,000	7,936,000
Loans held for sale	0	0
Loans, net (including impaired)	0	0
Accrued interest receivable	7,000	6,000
Financial liabilities (Fair Value Amount)
Deposits	0	0
Federal funds purchased and repurchase agreements	0	0
Subordinated debentures	0	0
Notes payable	0	0
Derivative liability	0	0
Accrued interest payable	0	0
Fair Value, Inputs, Level 2 [Member]
Financial assets (Fair Value Amount)
Cash and cash equivalents	0	0
Loans held for sale	0	152,000
Loans, net (including impaired)	0	0
Accrued interest receivable	100,000	102,000
Financial liabilities (Fair Value Amount)
Deposits	163,726,000	155,659,000
Federal funds purchased and repurchase agreements	4,874,000	8,611,000
Subordinated debentures	0	0
Notes payable	0	0
Derivative liability	0	0
Accrued interest payable	26,000	26,000
Fair Value, Inputs, Level 3 [Member]
Financial assets (Fair Value Amount)
Cash and cash equivalents	0	0
Loans held for sale	0	0
Loans, net (including impaired)	119,535,000	124,712,000
Accrued interest receivable	279,000	310,000
Financial liabilities (Fair Value Amount)
Deposits	0	0
Federal funds purchased and repurchase agreements	0	0
Subordinated debentures	1,125,000	1,125,000
Notes payable	1,280,000	1,280,000
Derivative liability	427,000	0
Accrued interest payable	$ 190,000	$ 167,000