SUBORDINATED DEBENTURES (Tables)

12 Months Ended

Dec. 31, 2014

Subordinated Borrowings [Abstract]

Schedule of Subordinated Borrowing [Table Text Block]

The following table summarizes the mandatory redeemable trust preferred securities of the Company’s Statutory Trust II at December 31, 2014 and 2013.

Issuance Date	Securities Issued			Liquidation Value	Coupon Rate	Maturity	Redeemable by Issuer Beginning
12/19/2003		$	5,000,000	$1,000 per Capital Security	Floating 3-month LIBOR + 285 Basis Points	01/23/2034	01/23/2009

Issuance Date	Securities Issued			Liquidation Value	Coupon Rate	Maturity	Redeemable by Issuer Beginning
12/19/2003		$	5,000,000	$1,000 per Capital Security	Floating 3-month LIBOR + 285 Basis Points	01/23/2034	01/23/2009