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1. BASIS OF PRESENTATION (Tables)

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Earnings Per Share

		Three months ended June 30,								Six months ended June 30,
		2016				2015				2016				2015
Numerator

Net income		$	477,172			$	510,231			$	965,062			$	824,469
Accrued preferred stock dividends			(114,691	)			-				(193,586	)			-

Net income applicable to common shares		$	362,481			$	510,231			$	771,476			$	824,469

Denominator

Basic weighted average common shares			4,999,514				4,908,605				4,993,324				4,896,289
Dilutive stock options			4,069				74,602				3,980				69,665

Diluted weighted average common shares			5,003,583				4,983,207				4,997,304				4,965,954

Basic income per common share
after preferred dividends		$	0.07			$	0.10			$	0.15			$	0.17

Diluted income per common share
after preferred dividends		$	0.07			$	0.10			$	0.15			$	0.17