16. COMMITMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Commitments Tables

Commitments outstanding

As of the balance sheet dates, the Company had the following commitments outstanding:

	2015		2014
Commitments to loan money	$	135,138,834	$	120,922,771
Standby letters of credit		1,344,191		2,077,870

Long term lease arrangements

As of December 31, 2015, the required lease payments for the next five years are as follows:

2016	$	160,882
2017		116,899
2018		73,226
2019		74,349
2020		75,500