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DERIVATIVE HEDGING INSTRUMENTS (Tables) | 12 Months Ended
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Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Interest Rate Derivatives [Table Text Block] | The following table summarizes the interest rate swap transactions that impacted the Company’s 2018 and 2017 performance.
|  | DECEMBER 31, 2018 |
|  | HEDGE TYPE |  |  | AGGREGATE NOTIONAL AMOUNT |  |  | WEIGHTED AVERAGE RATE RECEIVED/(PAID) |  |  | REPRICING FREQUENCY |  |  | INCREASE (DECREASE) IN INTEREST EXPENSE |
Swap assets |  |  | Fair Value |  |  | $ | 19,824,565 |  |  |  | 4.31 | % |  |  | Monthly |  |  | $ | (40,893 | )
Swap liabilities |  |  | Fair Value |  |  |  | (19,824,565 | ) |  |  | (4.31 | ) |  |  | Monthly |  |  |  | 40,893 |
Net exposure |  |  |  |  |  |  | — |  |  |  | — |  |  |  |  |  |  |  | — |
|  | DECEMBER 31, 2017 |
|  | HEDGE TYPE |  |  | AGGREGATE NOTIONAL AMOUNT |  |  | WEIGHTED AVERAGE RATE RECEIVED/(PAID) |  |  | REPRICING FREQUENCY |  |  | INCREASE (DECREASE) IN INTEREST EXPENSE |
Swap assets |  |  | Fair Value |  |  | $ | 16,948,686 |  |  |  | 3.47 | % |  |  | Monthly |  |  | $ | (110,778 | )
Swap liabilities |  |  | Fair Value |  |  |  | (16,948,686 | ) |  |  | (3.47 | ) |  |  | Monthly |  |  |  | 110,778 |
Net exposure |  |  |  |  |  |  | — |  |  |  | — |  |  |  |  |  |  |  | — |

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- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
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