DEPOSITS (Tables)

12 Months Ended

Dec. 31, 2013

DEPOSITS [Abstract]

Summary of deposits

A summary of deposits at December 31, 2013 and 2012 is as follows:

	2013		2012
Non-interest-bearing demand deposits	$	351,222,057	$	300,610,463
Interest-bearing demand deposits		114,679,334		90,729,870
Insured money market accounts		361,094,929		243,114,771
Savings deposits		191,881,855		173,588,856
Time deposits		244,491,486		236,690,054
	$	1,263,369,661	$	1,044,734,014

Scheduled maturities of time deposits

Scheduled maturities of time deposits at December 31, 2013, are summarized as follows:

Year
2014	$	178,903,280
2015		45,616,228
2016		7,498,340
2017		6,494,486
2018		4,245,277
2019 and thereafter		1,733,875
	$	244,491,486

Maturities of time deposits in denominations

Maturities of time deposits in denominations of $100,000 or more outstanding at December 31, 2013 are summarized as follows:

3 months or less	$	24,370,627
Over 3 through 6 months		17,683,778
Over 6 through 12 months		24,521,432
Over 12 months		22,236,294
	$	88,812,131