Citizens Bancshares 10-K 30 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 25, 2016	Jun. 30, 2015
Entity Registrant Name	CITIZENS BANCSHARES CORP /GA/
Entity Central Index Key	813,640
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 13,184,430
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015
Nonvoting Common Stock [Member]
Entity Common Stock, Shares Outstanding		90,000
Common Stock [Member]
Entity Common Stock, Shares Outstanding		2,072,727

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks, including reserve requirements of $307,000 and $320,000 at December 31, 2015 and 2014, respectively	$ 2,577,036	$ 2,757,515
Federal funds sold	16,500,137
Interest-bearing deposits with banks	29,819,094	$ 45,652,555
Certificates of deposit	900,000	350,000
Investment securities available for sale, at fair value (amortized cost of $123,365,548 and $125,594,822 at December 31, 2015 and 2014, respectively)	$ 123,258,221	126,610,811
Investment securities held to maturity, at cost (estimated fair value of $- and $243,118 at December 31, 2015 and 2014, respectively)		240,000
Other investments	$ 964,950	792,150
Loans receivable - net	184,836,417	188,739,072
Premises and equipment - net	6,136,025	6,395,433
Cash surrender value of life insurance	10,090,088	10,082,081
Other real estate owned	4,462,795	4,668,152
Other assets	9,075,002	9,351,480
Total assets	388,619,765	395,639,249
LIABILITIES:
Noninterest-bearing deposits	88,542,570	83,817,581
Interest-bearing deposits	240,319,009	257,071,169
Total deposits	328,861,579	340,888,750
Accrued expenses and other liabilities	4,147,283	4,929,870
Advances from Federal Home Loan Bank	5,234,707	254,084
Total liabilities	$ 338,243,569	$ 346,072,704
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS' EQUITY:
Additional paid-in capital	$ 8,343,821	$ 8,119,451
Retained earnings	29,940,699	28,530,676
Treasury stock, at cost, 241,454 and 235,938 shares at December 31, 2015 and 2014, respectively	(1,929,954)	(1,881,551)
Accumulated other comprehensive income (loss), net of income taxes	(70,800)	670,591
Total stockholders' equity	50,376,196	49,566,545
Total liabilities and stockholders' equity	388,619,765	395,639,249
Series B Preferred Stock [Member]
STOCKHOLDERS' EQUITY:
Preferred stock	7,462,000	7,462,000
Series C Preferred Stock [Member]
STOCKHOLDERS' EQUITY:
Preferred stock	4,379,000	4,379,000
Common Stock [Member]
STOCKHOLDERS' EQUITY:
Common stock - $1 par value; 20,000,000 shares authorized; 2,308,228 and 2,303,228 shares issued and outstanding at December 31, 2015 and 2014, respectively	2,308,228	2,303,228
Nonvoting Common Stock [Member]
STOCKHOLDERS' EQUITY:
Common stock - $1 par value; 20,000,000 shares authorized; 2,308,228 and 2,303,228 shares issued and outstanding at December 31, 2015 and 2014, respectively	90,000	90,000
Restricted Stock [Member]
STOCKHOLDERS' EQUITY:
Common stock - $1 par value; 20,000,000 shares authorized; 2,308,228 and 2,303,228 shares issued and outstanding at December 31, 2015 and 2014, respectively	$ (146,798)	$ (106,850)

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Cash and due from banks	$ 307,000	$ 320,000
Investment securities available for sale, at fair value	$ 123,365,548	125,594,822
Investment securities held to maturity, at cost		$ 243,118
Treasury stock, shares	241,454	235,938
Series B Preferred Stock [Member]
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	7,462	7,462
Preferred stock, shares outstanding	7,462	7,462
Series C Preferred Stock [Member]
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	4,379	4,379
Preferred stock, shares outstanding	4,379	4,379
Common Stock [Member]
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	2,308,228	2,303,228
Common stock, shares outstanding	2,308,228	2,303,228
Nonvoting Common Stock [Member]
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	5,000,000	5,000,000
Common stock, shares issued	90,000	90,000
Common stock, shares outstanding	90,000	90,000

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest income:
Loans, including fees	$ 9,813,267	$ 9,864,368	$ 10,487,067
Investment securities:
Taxable	1,895,479	2,173,588	1,874,286
Tax-exempt	877,197	1,161,907	1,270,082
Dividends	44,846	$ 39,582	$ 37,771
Federal funds sold	8,767
Interest-bearing deposits	128,377	$ 122,998	$ 96,753
Total interest income	12,767,933	13,362,443	13,765,959
Interest expense:
Deposits	$ 699,778	833,359	902,663
Other borrowings		30	604
Total interest expense	$ 699,778	833,389	903,267
Net interest income	12,068,155	12,529,054	12,862,692
Provision for loan losses	100,000	75,000	425,000
Net interest income after provision for loan losses	11,968,155	12,454,054	12,437,692
Noninterest income:
Service charges on deposits	2,730,353	$ 2,830,989	3,157,140
Gain on sales of securities	421,043		243,882
Bank owned life insurance	239,655	$ 304,082	328,634
ATM surcharges	216,483	211,845	$ 237,045
Grant income	265,496	355,000
Other operating income	728,027	738,495	$ 514,418
Total noninterest income	4,601,057	4,440,411	4,481,119
Noninterest expense:
Salaries and employee benefits	6,882,462	6,467,504	6,504,634
Occupancy and equipment	2,034,147	2,080,517	2,127,026
Other real estate owned, net	387,274	893,948	1,120,540
Other operating expenses	5,140,322	5,510,175	5,968,644
Total noninterest expense	14,444,205	14,952,144	15,720,844
Income (loss) before income tax expense (benefit)	2,125,007	1,942,321	1,197,967
Income tax benefit	305,848	133,663	(150,806)
Net income	1,819,159	1,808,658	1,348,773
Preferred dividends	236,820	236,820	236,820
Net income available to common stockholders	$ 1,582,339	$ 1,571,838	$ 1,111,953
Net income (loss) per common share - basic (in dollars per share)	$ 0.72	$ 0.73	$ 0.52
Net income (loss) per common share - diluted (in dollars per share)	$ 0.71	$ 0.72	$ 0.51
Weighted average common outstanding shares - basic (in shares)	2,186,610	2,166,818	2,152,780
Weighted average common outstanding shares - diluted (in shares)	2,224,253	2,186,393	2,165,610

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Consolidated Statements Of Comprehensive Income Loss
Net Income	$ 1,819,159	$ 1,808,658	$ 1,348,773
Other Comprehensive Income (Loss)
Unrealized holding gain (loss) on investment securities available for sale, net of tax of $(238,770) for 2015, $902,563 for 2014 and $(1,874,103) for 2013	(463,503)	$ 1,752,039	(3,637,965)
Reclassification adjustment for holding gains included in net income, net of tax of $143,155 for 2015, $ - for 2014, and $82,920 for 2013	(277,888)		(160,962)
Other Comprehensive Income (Loss)	(741,391)	$ 1,752,039	(3,798,927)
Total Comprehensive Income (Loss)	$ 1,077,768	$ 3,560,697	$ (2,450,154)

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Consolidated Statements Of Comprehensive Income Loss Parenthetical
Unrealized holding gain (loss) on investment securities available for sale, tax	$ (238,770)	$ 902,563	$ (1,874,103)
Reclassification adjustment for holding gains included in net income, tax	$ 143,155		$ 82,920

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
OPERATING ACTIVITIES:
Net income	$ 1,819,159	$ 1,808,658	$ 1,348,773
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	100,000	75,000	425,000
Depreciation	551,278	547,150	615,694
Amortization and accretion - net	954,324	974,875	1,342,645
Provision (benefit) for deferred income taxes	406,781	$ 167,446	(199,896)
Gains on sales of securities	(421,043)		(243,882)
Loss on sale of other real estate owned	(28,506)	$ 89,116	56,143
Restricted stock based compensation plan	(1,648)	(8,164)	(106,829)
Decrease in carrying value of other real estate owned	217,217	526,128	615,839
Increase in cash surrender value of life insurance	(239,656)	(304,082)	(328,634)
Changes in assets and liabilities, nt o acquisition:
Change in other assets	(220,293)	(912,638)	2,455,520
Change in accrued expenses and other liabilities	(782,586)	740,356	(1,375,971)
Net cash provided by operating activities	2,355,027	$ 3,703,845	4,604,402
INVESTING ACTIVITIES:
Net change in certificates of deposit	(550,000)		(250,000)
Proceeds from the sales, maturities and paydowns of securities available for sale	41,226,405	$ 21,483,938	30,233,702
Proceeds from the maturities and paydowns of of securities held to maturity	240,000		1,119,150
Purchases of investment securities available for sale	(39,106,269)	$ (4,856,383)	(47,766,287)
Net change in other investments	(172,800)	81,700	121,600
Net change in loans	2,874,070	(7,937,597)	1,085,325
Purchases of premises and equipment, net	(291,870)	(353,419)	$ (248,719)
Redemption on bank owned life insurance	2,231,649	$ 185,960
Purchase of bank owned life insurance	(2,000,000)
Proceeds from the sale of other real estate owned	993,002	$ 3,321,668	$ 4,020,124
Net cash provided by (used in) investing activities	5,444,187	11,925,867	(11,685,105)
FINANCING ACTIVITIES:
Net change in deposits	(12,027,171)	3,926,462	(3,631,155)
Net increase (decrease) in Federal Home Loan Bank advances	4,980,623	(18,995)	(18,618)
Common stock dividend paid	(172,316)	(171,744)	(171,744)
Preferred stock dividend paid	(236,820)	$ (236,820)	(236,820)
Net purchase of treasury stock	(48,403)		(61,423)
Proceeds from issuance of common stock	191,070	$ 114,784	180,657
Net cash provided by (used in) financing activities	(7,313,017)	3,613,687	(3,939,103)
Net change in cash and cash equivalents	486,197	19,243,399	(11,019,806)
CASH AND CASH EQUIVALENTS
Beginning of year	48,410,070	29,166,671	40,186,477
End of year	48,896,267	48,410,070	29,166,671
Supplemental disclosures of cash paid during the period for:
Interest	711,331	$ 874,690	939,420
Income taxes	55,000		26,000
Supplemental disclosures of noncash transactions:
Real estate acquired through foreclosure	976,356	$ 1,200,627	3,901,588
Change in unrealized gain (loss) on investment securities available for sale - net of tax	$ (741,391)	$ 1,752,039	$ (3,798,927)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Nonvoting Common Stock [Member]	Restricted Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Acumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at beginning at Dec. 31, 2012	$ 11,841,000	$ 2,250,364	$ 90,000	$ (56,800)	$ 7,941,817	$ 26,190,373	$ (1,820,128)	$ 2,717,479	$ 49,154,106
Balance at beginning (in shares) at Dec. 31, 2012	11,841	2,250,364	90,000				(220,525)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income						$ 1,348,773			1,348,773
Other comprehensive loss								$ (3,798,927)	(3,798,927)
Nonvested restricted stock				$ 40,571	$ (147,400)				(106,829)
Purchase of treasury stock							$ (61,423)		(61,423)
Purchase of treasury stock (in shares)							(15,413)
Issuance of common stock		$ 42,364			$ 138,293				180,657
Issuance of common stock (in shares)		42,364
Dividends paid on preferred stock						$ (236,820)			(236,820)
Dividends paid on common stock						(171,744)			(171,744)
Balance at end at Dec. 31, 2013	$ 11,841,000	$ 2,292,728	$ 90,000	$ (16,229)	7,932,710	27,130,582	$ (1,881,551)	$ (1,081,448)	46,307,792
Balance at end (in shares) at Dec. 31, 2013	11,841	2,292,728	90,000				(235,938)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income						1,808,658			1,808,658
Other comprehensive loss								1,752,039	1,752,039
Nonvested restricted stock				(90,621)	82,457				$ (8,164)
Issuance of common stock			$ 10,500		104,284	114,784
Issuance of common stock (in shares)			10,500						114,784
Dividends paid on preferred stock						(236,820)			$ (236,820)
Dividends paid on common stock						(171,744)			(171,744)
Balance at end at Dec. 31, 2014	$ 11,841,000	$ 2,303,228	$ 90,000	(106,850)	8,119,451	28,530,676	$ (1,881,551)	670,591	49,566,545
Balance at end (in shares) at Dec. 31, 2014	11,841	2,303,228	90,000				(235,938)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income						1,819,159			1,819,159
Other comprehensive loss								(741,391)	(741,391)
Nonvested restricted stock				(39,948)	$ 38,300				(1,648)
Purchase of treasury stock							$ (48,403)		(48,403)
Purchase of treasury stock (in shares)							(5,516)
Issuance of common stock			$ 5,000		$ 186,070				191,070
Issuance of common stock (in shares)			5,000
Dividends paid on preferred stock						(236,820)			(236,820)
Dividends paid on common stock						(172,316)			(172,316)
Balance at end at Dec. 31, 2015	$ 11,841,000	$ 2,308,228	$ 90,000	$ (146,798)	$ 8,343,821	$ 29,940,699	$ (1,929,954)	$ (70,800)	$ 50,376,196
Balance at end (in shares) at Dec. 31, 2015	11,841	2,308,228	90,000				(241,454)

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business Basis of Presentation Troubled Asset Relief Program On September 17, 2010, the Company issued 4,379 shares of its Series C Preferred Shares to the Treasury as part of its TARP Community Development Capital Initiative for a total of 11,841 shares of Series B and C Preferred Shares issued to the Treasury. The issuance of the Series B and Series C Preferred Shares was a private placement exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended. The Series B and Series C Preferred Shares qualify as Tier 1 capital and will pay cumulative dividends at a rate of 2% per annum for the first eight years after the Closing Date and 9% per annum thereafter. The Company may, subject to consultation with the Federal Reserve Bank of Atlanta, redeem the Series B and Series C Preferred Shares at any time for its aggregate liquidation amount plus any accrued and unpaid dividends. Cash and Cash Equivalents Interest-bearing Deposits with Banks Other Investments Investment Securities Premiums and discounts on available for sale and held to maturity securities are amortized or accreted using a method which approximates a level yield. Amortization and accretion of premiums and discounts are presented within investment securities interest income on the Consolidated Statements of Income. Gains and losses on sales of investment securities are recognized upon disposition, based on the adjusted cost of the specific security. A decline in market value of any security below cost that is deemed other than temporary is charged to earnings resulting in the establishment of a new cost basis for the security. The determination of whether an other-than-temporary impairment has occurred involves significant assumptions, estimates, changes in economic conditions and judgment by management. There was no other-than-temporary impairment for securities recorded during 2015, 2014 or 2013. Loans Receivable and Allowance for Loan Losses Management considers a loan to be impaired when, based on current information and events, there is a potential that all amounts due according to the contractual terms of the loan may not be collected. Impaired loans are measured based on the present value of expected future cash flows, discounted at the loan’s effective interest rate, or at the loan’s observable market price, or the fair value of the collateral if the loan is collateral dependent. Loans are generally placed on nonaccrual status when the full and timely collection of principal or interest becomes uncertain or the loan becomes contractually in default for 90 days or more as to either principal or interest, unless the loan is well collateralized and in the process of collection. When a loan is placed on nonaccrual status, current period accrued and uncollected interest is charged-off against interest income on loans unless management believes the accrued interest is recoverable through the liquidation of collateral. Loans are returned to accrual status when payment has been made according to the terms and conditions of the loan for a continuous six month period. The Company provides for estimated losses on loans receivable when any significant and permanent decline in value occurs. These estimates for losses are based on individual assets and their related cash flow forecasts, sales values, independent appraisals, the volatility of certain real estate markets, and concern for disposing of real estate in distressed markets. For loans that are pooled for purposes of determining necessary provisions, estimates are based on loan types, history of charge-offs, and other delinquency analyses. Therefore, the value used to determine the provision for losses is subject to the reasonableness of these estimates. The adequacy of the allowance for loan losses is reviewed on a monthly basis by management and the Board of Directors. This assessment is made in the context of historical losses as well as existing economic conditions, performance trends within specific portfolio segments, and individual concentrations of credit. Loans are charged-off against the allowance when, in the opinion of management, such loans are deemed to be uncollectible and subsequent recoveries are added to the allowance. Troubled Debt Restructurings Troubled debt restructurings (“TDR”) generally occur when a borrower is experiencing, or is expected to experience, financial difficulties in the near-term and it is probable that the Company will not be able to collect all amounts due according to the contractual terms of the loan agreement. The Company seeks to assist these borrowers by working with them to prevent further difficulties, and ultimately to improve the likelihood of recovery on the loan while ensuring compliance with the Federal Financial Institutions Examination Council (FFIEC) guidelines. To facilitate this process, a formal concessionary modification that would not otherwise be considered may be granted resulting in classification of the loan as a TDR. The modification may include a change in the interest rate or the payment amount or a combination of both. Substantially all modifications completed under a formal restructuring agreement are considered TDRs. Modifications can involve loans remaining on nonaccrual, moving to nonaccrual, or continuing on accruing status, depending on the individual facts and circumstances of the borrower. These restructurings rarely result in the forgiveness of principal or interest. Nonperforming commercial TDRs may be returned to accrual status based on a current, well-documented credit evaluation of the borrower’s financial condition and prospects for repayment under the modified terms. This evaluation must include consideration of the borrower’s sustained historical repayment performance for a reasonable period (generally a minimum of six months) prior to the date on which the loan is returned to accrual status. With respect to commercial TDRs, an analysis of the credit evaluation, in conjunction with an evaluation of the borrower’s performance prior to the restructuring, are considered when evaluating the borrower’s ability to meet the restructured terms of the loan agreement. Nonperforming commercial TDRs may be returned to accrual status based on a current, well-documented credit evaluation of the borrower’s financial condition and prospects for repayment under the modified terms. This evaluation must include consideration of the borrower’s sustained historical repayment performance for a reasonable period (generally a minimum of six months) prior to the date on which the loan is returned to accrual status. In connection with consumer loan TDRs, a nonperforming loan will be returned to accruing status when current as to principal and interest and upon a sustained historical repayment performance (generally a minimum of six months). Premises and Equipment Buildings and improvements 5-40 years Furniture and equipment 3-10 years Other Real Estate Owned Years Ended December 31, 2015 2014 Balance—beginning of year $ 4,668,152 $ 7,404,437 Additions 976,356 1,200,627 Sales (964,496 ) (3,410,784 ) Write downs (217,217 ) (526,128 ) Balance—end of year $ 4,462,795 $ 4,668,152 Intangible Assets The Company reviews the carrying value of goodwill on an annual basis and on an interim basis if certain events or circumstances indicate that an impairment loss may have been incurred. An impairment charge is recognized if the carrying value of the reporting unit’s goodwill exceeds its implied fair value. The following table presents information about our intangible assets: December 31, 2015 December 31, 2014 Gross Carrying Accumulated Gross Carrying Accumulated Amount Amortization Amount Amortization Unamortized intangible asset: Goodwill $ 362,139 $ — $ 362,139 $ — Amortized intangible asset: Core deposit intangibles $ 3,303,427 $ 3,185,447 $ 3,303,427 $ 2,713,529 The following table presents information about aggregate amortization expense for each of the three succeeding fiscal years as follows: For the Years Ended December 31, 2015 2014 2013 Aggregate amortization expense of core deposit intangibles $ 471,918 $ 471,918 $ 471,918 Estimated aggregate amortization expense of core deposit intangibles for the year ending December 31: 2016 $ 117,980 2017 and thereafter $ — Income Taxes In the event the future tax consequences of differences between the financial reporting bases and the tax bases of the Company’s assets and liabilities result in deferred tax assets, an evaluation of the probability of being able to realize the future benefits indicated by such assets is required. A valuation allowance is provided for the portion of a deferred tax asset when it is more likely than not that some portion or all of the deferred tax asset will not be realized. In assessing the realizability of the deferred tax assets, management considers the scheduled reversals of deferred tax liabilities, projected future taxable income, and tax planning strategies. Net Income Available to Common Stockholders Stock Based Compensation There were no options granted in 2015, 2014, and 2013. In 2013, 13,500 nonvested restricted shares of common stock were issued to certain officers and the Chief Executive Officer (CEO) at a grant price of $6.30. The 2013 restricted common stock will vest 100% (Cliff vesting) on January 1, 2016. In 2014, 11,885 nonvested restricted shares of common stock were issued to certain officers and the Chief Executive Officer (CEO) at a grant price of $8.85. These restricted common stock shares will vest 100% (Cliff vesting) on January 1, 2017. In addition, 11,450 nonvested shares of common stock were issued to the Chief Executive Officer (CEO) at a grant price of $8.04 as a bonus. These restricted common stock shares will vest 100% (Cliff vesting) on March 23, 2016 and transferability is subject to TARP regulations pertaining to repayment of TARP funding in 25 percent increments. In 2015, 11,500 nonvested restricted shares of common stock were issued to certain officers and the Chief Executive Officer (CEO) at a grant price of $9.10. These restricted common stock shares will vest 100% (Cliff vesting) on January 1, 2018. In addition, 12,200 nonvested shares of common stock were issued to the Chief Executive Officer (CEO) at a grant price of $8.75 as a bonus. These restricted common stock shares will vest 100% (Cliff vesting) on February 18, 2017 and transferability is subject to TARP regulations pertaining to repayment of TARP funding in 25 percent increments. Certain employees were issued a discretionary nonvested restricted shares of common stock of which 300 were at a grant price of $8.75 that vested 100% (Cliff vesting) on February 3, 2016, and 1,550 were at a grant price of $9.90 that vests 100% (Cliff vesting) on April 15, 2016. Recently Issued Accounting Standards In May 2014, the FASB issued guidance to change the recognition of revenue from contracts with customers. The core principle of the new guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration the entity receives or expects to receive. The guidance will be effective for the Company for reporting periods beginning after December 15. The Company will apply the guidance using a full retrospective approach. The Company does not expect these amendments to have a material effect on its financial statements. In January 2015, the FASB issued guidance to eliminate from U.S. GAAP the concept of an extraordinary item, which is an event or transaction that is both (1) unusual in nature and (2) infrequently occurring. Under the new guidance, an entity will no longer (1) segregate an extraordinary item from the results of ordinary operations; (2) separately present an extraordinary item on its income statement, net of tax, after income from continuing operations; or (3) disclose income taxes and earnings-per-share data applicable to an extraordinary item. The amendments will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company will apply the guidance prospectively. The Company does not expect these amendments to have a material effect on its financial statements. In February 2015, the FASB issued guidance which amends the consolidation requirements and significantly changes the consolidation analysis required under U.S. GAAP. Although the amendments are expected to result in the deconsolidation of many entities, the Company will need to reevaluate all its previous consolidation conclusions. The amendments will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted (including during an interim period), provided that the guidance is applied as of the beginning of the annual period containing the adoption date. The Company does not expect these amendments to have a material effect on its financial statements. In June 2015, the FASB issued amendments to clarify the Accounting Standards Codification (ASC), correct unintended application of guidance, and make minor improvements to the ASC that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The amendments were effective upon issuance (June 12, 2015) for amendments that do not have transition guidance. Amendments that are subject to transition guidance will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The Company does not expect these amendments to have a material effect on its financial statements. In August 2015, the FASB deferred the effective date of ASU 2014-09, Revenue from Contracts with Customers. In November 2015, the FASB amended the Income Taxes topic of the Accounting Standards Codification simplify the presentation of deferred income taxes by requiring that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The amendments will be effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods, with early adoption permitted as of the beginning of an interim or annual reporting period. The Company will apply the guidance prospectively. The Company does not expect these amendments to have a material effect on its financial statements. In January 2016, the FASB amended the Financial Instruments topic of the Accounting Standards Codification to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company will apply the guidance by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values will be applied prospectively to equity investments that exist as of the date of adoption of the amendments. The Company does not expect these amendments to have a material effect on its financial statements. In February 2016, the FASB issued new guidance to change accounting for leases and that will generally require most leases to be recognized on the balance sheet. The new lease standard only contains targeted changes to accounting by lessors, however, lessees will be required to recognize most leases in their balance sheets as lease liabilities for lease payments and right-of-use assets representing the lessee’s rights to use the underlying assets for the lease terms for lease arrangements longer than 12 months. Under this approach, a lessee will account for most existing capital/finance leases as Type A leases and most existing operating leases as Type B leases. Type A and Type B leases have unique accounting and disclosure requirements. Existing sale-leaseback guidance, including guidance for real estate, will be replaced with a new model applicable to both lessees and lessors. The new guidance will be effective for fiscal years (and interim periods within those fiscal years) beginning after December 15, 2018. Early adoption is permitted for all companies and organizations. Management is currently analyzing the impact of the adoption of this guidance on the Company’s consolidated financial statements, including assessing changes that might be necessary to information technology systems, processes and internal controls to capture new data and address changes in financial reporting. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows. Reclassifications

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS	2. INVESTMENT SECURITIES Investment securities available for sale are summarized as follows: Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value At December 31, 2015: State, county, and municipal securities $ 28,247,652 $ 1,223,305 $ 13,764 $ 29,457,193 Mortgage-backed securities 93,117,896 64,860 1,382,320 91,800,436 Corporate securities 2,000,000 592 — 2,000,592 Totals $ 123,365,548 $ 1,288,757 $ 1,396,084 $ 123,258,221 At December 31, 2014: State, county, and municipal securities $ 28,179,407 $ 1,513,824 — $ 29,693,231 Mortgage-backed securities 87,548,174 436,580 1,070,052 86,914,702 Corporate securities 9,867,241 135,637 — 10,002,878 Totals $ 125,594,822 $ 2,086,041 $ 1,070,052 $ 126,610,811 Investment securities held to maturity are summarized as follows: Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value At December 31, 2014: State, county, and municipal securities $ 240,000 $ 3,118 $ — $ 243,118 There were no securities held to maturity at December 31, 2015. The amortized costs and fair values of investment securities at December 31, 2015, by contractual maturity, are shown below. Mortgage-backed securities are classified by their contractual maturity, however, expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with and without call or prepayment penalties. Available for Sale Amortized Fair Cost Value Due in one year or less $ 2,201,764 $ 2,202,958 Due after one year through five years 5,233,907 5,381,576 Due after five years through ten years 31,068,097 32,018,963 Due after ten years 84,861,780 83,654,724 $ 123,365,548 $ 123,258,221 Proceeds from the sale of securities were $19,292,000 and $2,268,000 in 2015, and 2013, respectively. There were no securities sold in 2014. Gross realized gains on sales of securities were $421,043 and $243,882 in 2015, and 2013, respectively. There were no gross realized losses on sales of securities in 2015 and 2013. Investment securities with carrying values of approximately $93,161,000 and $99,299,000 at December 31, 2015 and 2014, respectively, were pledged to secure public funds on deposit and for other purposes as required by law, FHLB advances and a $23.5 million line of credit at the Federal Reserve Bank discount window. The following tables show investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at December 31, 2015 and December 31, 2014. Except as explicitly identified below, all unrealized losses on investment securities are considered by management to be temporarily impaired given the credit ratings on these investment securities and the short duration of the unrealized loss. At December 31, 2015: Securities Available for Sale Securities in a loss position for Securities in a loss position for less than twelve months twelve months or more Total Unrealized Unrealized Unrealized Fair value losses Fair value losses Fair value losses Municipal securities $ 2,587,274 $ (13,764 ) $ — $ — $ 2,587,274 $ (13,764 ) Mortgage-backed securities 63,532,817 (722,276 ) 21,332,785 (660,044 ) 84,865,602 (1,382,320 ) Corporate securities — — — — — — Total $ 66,120,091 $ (736,040 ) $ 21,332,785 $ (660,044 ) $ 87,452,876 $ (1,396,084 ) There were no held to maturity securities in an unrealized loss position at December 31, 2015 or 2014. At December 31, 2014: Securities Available for Sale Securities in a loss position for Securities in a loss position for less than twelve months twelve months or more Total Unrealized Unrealized Unrealized Fair value losses Fair value losses Fair value losses Municipal securities $ — $ — $ — $ — $ — $ — Mortgage-backed securities 15,383,833 (151,511 ) 40,642,844 (918,541 ) 56,026,677 (1,070,052 ) Corporate securities — — — — — — Total $ 15,383,833 $ (151,511 ) $ 40,642,844 $ (918,541 ) $ 56,026,677 $ (1,070,052 ) Securities classified as available for sale are recorded at fair market value and held to maturity securities are recorded at amortized cost. At December 31, 2015 and 2014, the Company had fifteen (15) and twenty-one (21) investment securities, respectively, that were in an unrealized loss position for more than 12 months. The Company reviews these securities for other-than-temporary impairment on a quarterly basis by monitoring their credit support and coverage, constant payment of the contractual principal and interest, loan to value and delinquencies ratios. We use prices from third party pricing services and, to a lesser extent, indicative (non-binding) quotes from third party brokers, to measure fair value of our investment securities. Fair values of the investment securities portfolio could decline in the future if the underlying performance of the collateral for collateralized mortgage obligations or other securities deteriorates and the levels do not provide sufficient protection for contractual principal and interest. As a result, there is risk that an other-than-temporary impairment may occur in the future particularly in light of the current economic environment. The Company does not intend to sell these securities and it is more likely than not that the Company will not be required to sell those securities before recovery of its amortized cost. The Company believes, based on industry analyst reports and credit ratings, that it will continue to receive scheduled interest payments as well as the entire principal balance, and the deterioration in value is attributable to changes in market interest rates and is not in the credit quality of the issuer and therefore, these losses are not considered other-than-temporary. The Company’s investment portfolio consists principally of obligations of the United States, its agencies or its corporations and general obligation and revenue municipal securities. In the opinion of management, there is no concentration of credit risk in its investment portfolio. The Company places its deposits and correspondent accounts with and sells its federal funds to high quality institutions. Management believes credit risk associated with correspondent accounts is not significant.

LOANS RECEIVABLE AND ALLOWANCE

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Dec. 31, 2015
Loans and Leases Receivable Disclosure [Abstract]
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	3. LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES Loans outstanding, by classification, are summarized as follows (amounts in thousands): December 31, 2015 2014 Commercial, financial, and agricultural $ 42,748 $ 33,308 Commercial Real Estate 104,093 116,437 Single-Family Residential 31,096 31,940 Construction and Development 2,220 2,925 Consumer 6,804 6,428 186,961 191,038 Allowance for loan losses 2,124 2,299 Loans receivable-net $ 184,837 $ 188,739 Concentrations A substantial portion of the Company’s loan portfolio is collateralized by real estate in metropolitan Atlanta and Birmingham markets. Accordingly, the ultimate collectability of a substantial portion of the Company’s loan portfolio is susceptible to changes in market conditions in the metropolitan Atlanta and Birmingham areas. · The Company’s loans to area churches were approximately $42.0 million and $41.9 million at December 31, 2015 and 2014, respectively, which are generally secured by real estate. · The Company’s loans to area convenience stores were approximately $6.1 million and $7.3 million at December 31, 2015 and 2014, respectively. Loans to convenience stores are generally secured by real estate. · The Company’s loans to area hotels were approximately $15.6 million and $21.3 million at December 31, 2015 and 2014, respectively, which are generally secured by real estate. Activity in the allowance for loan losses by portfolio segment is summarized as follows (in thousands): For the Year Ended December, 2015 Commercial Single-family Construction & Commercial Real Estate Residential Development Consumer Total Beginning balance $ 415 $ 1,366 $ 254 $ 72 $ 192 $ 2,299 Provision for loan losses (101 ) (261 ) 423 (75 ) 114 100 Loans charged-off — (138 ) (268 ) — (197 ) (603 ) Recoveries on loans charged-off 28 203 26 6 65 328 Ending Balance $ 342 $ 1,170 $ 435 $ 3 $ 174 $ 2,124 For the Year Ended December, 2014 Commercial Single-family Construction & Commercial Real Estate Residential Development Consumer Total Beginning balance $ 384 $ 1,721 $ 731 $ 126 $ 195 $ 3,157 Provision for loan losses (12 ) 27 (129 ) 69 120 75 Loans charged-off (9 ) (562 ) (468 ) (137 ) (182 ) (1,358 ) Recoveries on loans charged-off 52 180 120 14 59 425 Ending Balance $ 415 $ 1,366 $ 254 $ 72 $ 192 $ 2,299 For the Year Ended December, 2013 Commercial Single-family Construction & Commercial Real Estate Residential Development Consumer Total Beginning balance $ 433 $ 1,853 $ 803 $ 177 $ 243 $ 3,509 Provision for loan losses (68 ) 127 361 (56 ) 61 425 Loans charged-off (22 ) (710 ) (554 ) (30 ) (169 ) (1,485 ) Recoveries on loans charged-off 41 451 121 35 60 708 Ending Balance $ 384 $ 1,721 $ 731 $ 126 $ 195 $ 3,157 Portions of the allowance for loan losses may be allocated for specific loans or portfolio segments. However, the entire allowance for loan losses is available for any loan that, in the judgment of management, should be charged-off. In determining our allowance for loan losses, we regularly review loans for specific reserves based on the appropriate impairment assessment methodology. Impaired loans are measured based on the present value of expected future cash flows, discounted at the loan’s effective interest rate, or at the loan’s observable market price, or the fair value of the collateral if the loan is collateral dependent. At December 31, 2015 and 2014, substantially all of the total impaired loans were evaluated based on the fair value of the underlying collateral. General reserves are determined using historical loss trends measured over a rolling four quarter average for consumer loans, and a three year average loss factor for commercial loans which is applied to risk rated loans grouped by Federal Financial Examination Council (“FFIEC”) call code. For commercial loans, the general reserves are calculated by applying the appropriate historical loss factor to the loan pool. Impaired loans greater than a minimum threshold established by management are excluded from this analysis. The sum of all such amounts determines our total allowance for loan losses. The allocation of the allowance for loan losses by portfolio segment was as follows (in thousands): At December 31, 2015 Single- Commercial family Construction Commercial Real Estate Residential & Development Consumer Total Allowance for loan losses: Specific Reserves: Impaired loans $ — $ 550 $ 100 $ — $ — $ 650 Total specific reserves — 550 100 — — 650 General reserves 342 620 335 3 174 1,474 Total $ 342 $ 1,170 $ 435 $ 3 $ 174 $ 2,124 Loans outstanding: Loans individually evaluated for impairment $ — $ 9,392 $ 417 $ — $ — $ 9,809 Loans collectively evaluated for impairment 42,748 94,701 30,679 2,220 6,804 177,152 Total $ 42,748 $ 104,093 $ 31,096 $ 2,220 $ 6,804 $ 186,961 At December 31, 2014 Single- Commercial family Construction Commercial Real Estate Residential & Development Consumer Total Allowance for loan losses: Specific Reserves: Impaired loans $ — $ 91 $ 51 $ — $ — $ 142 Total specific reserves — 91 51 — — 142 General reserves 415 1,275 203 72 192 2,157 Total $ 415 $ 1,366 $ 254 $ 72 $ 192 $ 2,299 Loans outstanding: Loans individually evaluated for impairment $ — $ 9,787 $ 280 $ 219 $ — $ 10,286 Loans collectively evaluated for impairment 33,308 106,650 31,660 2,706 6,428 180,752 Total $ 33,308 $ 116,437 $ 31,940 $ 2,925 $ 6,428 $ 191,038 The following table presents impaired loans by class of loan (in thousands): At December 31, 2015 Impaired Loans - With Impaired Loans - With Allowance no Allowance Allowance for Loan Average Interest Unpaid Recorded Losses Unpaid Recorded Recorded Income Principal Investment Allocated Principal Investment Investment Recognized Residential: First mortgages $ — $ — $ — $ — $ — $ — $ — HELOC’s and equity 134 134 100 304 283 209 43 Commercial Secured — — — — — — — Unsecured — — — — — — — Commercial Real Estate: Owner occupied 4,115 4,115 356 4,456 3,972 8,666 391 Non-owner occupied 691 691 194 667 614 1,679 193 Multi-family — — — — — — — Construction and Development: . Construction — — — — — — — Improved Land — — — — — — — Unimproved Land — — — — — — — Consumer and Other — — — — — — Total $ 4,940 $ 4,940 $ 650 $ 5,427 $ 4,869 $ 10,554 $ 627 At December 31, 2014 Impaired Loans - With Impaired Loans - With Allowance no Allowance Allowance for Loan Average Interest Unpaid Recorded Losses Unpaid Recorded Recorded Income Principal Investment Allocated Principal Investment Investment Recognized Residential: First mortgages $ — $ — $ — $ — $ — $ — $ — HELOC’s and equity 102 102 51 178 178 86 35 Commercial Secured — — — — — — — Unsecured — — — — — — — Commercial Real Estate: Owner occupied 81 81 81 8,014 7,457 7,575 717 Non-owner occupied — — — 2,388 2,154 2,228 165 Multi-family 95 95 10 — — 97 69 Construction and Development: . Construction — — — 356 219 292 30 Improved Land — — — — — — — Unimproved Land — — — — — — — Consumer and Other — — — — — — Total $ 278 $ 278 $ 142 $ 10,936 $ 10,008 $ 10,278 $ 1,016 The following table is an aging analysis of our loan portfolio (in thousands): At December 31, 2015 Recorded Investment 30- 59 60- 89 Over 90 Total > 90 Days Days Past Days Past Days Past Total Loans and Due Due Due Past Due Current Receivable Accruing Nonaccrual Residential: First mortgages $ 1,581 $ 824 $ 745 $ 3,150 $ 19,253 $ 22,403 $ — $ 1,246 HELOC’s and equity 224 59 173 456 8,237 8,693 — 250 Commercial: Secured 49 — 30 79 36,144 36,223 — 30 Unsecured — — — — 6,525 6,525 — — Commercial Real Estate: Owner occupied 931 336 — 1,267 51,181 52,448 — 933 Non-owner occupied 441 691 — 1,132 45,684 46,816 — 551 Multi-family — — — — 4,829 4,829 — — Construction and Development: Construction — — — — 2,220 2,220 — — Improved Land — — — — — — — — Unimproved Land — — — — — — — — Consumer and Other 29 6 41 76 6,728 6,804 35 6 Total $ 3,255 $ 1,916 $ 989 $ 6,160 $ 180,801 $ 186,961 $ 35 $ 3,016 At December 31, 2014 Recorded Investment 30- 59 60- 89 Over 90 Total > 90 Days Days Past Days Past Days Past Total Loans and Due Due Due Past Due Current Receivable Accruing Nonaccrual Residential: First mortgages $ 2,273 $ 1,190 $ 1,036 $ 4,499 $ 19,960 $ 24,459 $ 35 $ 1,513 HELOC’s and equity 60 550 184 794 6,687 7,481 — 286 Commercial: Secured — 187 — 187 28,232 28,419 — — Unsecured — — — — 4,889 4,889 — — Commercial Real Estate: Owner occupied 767 — 228 995 59,065 60,060 — 1,222 Non-owner occupied 1,429 588 84 2,101 42,425 44,526 — 1,026 Multi-family 35 327 95 457 11,394 11,851 — 95 Construction and Development: Construction — — — — 2,759 2,759 — — Improved Land 103 — — 103 63 166 — — Unimproved Land — — — — — — — — Consumer and Other 6 22 18 46 6,382 6,428 — 18 Total $ 4,673 $ 2,864 $ 1,645 $ 9,182 $ 181,856 $ 191,038 $ 35 $ 4,160 Each of our portfolio segments and the classes within those segments are subject to risks that could have an adverse impact on the credit quality of our loan and lease portfolio. Management has identified the most significant risks as described below which are generally similar among our segments and classes. While the list in not exhaustive, it provides a description of the risks that management has determined are the most significant. Commercial, financial and agricultural loans Consumer Commercial Real Estate Single-Family Residential Construction and Development Risk categories Loans excluded from the scope of the annual review process above are generally classified as pass credits until: (a) they become past due; (b) management becomes aware of deterioration in the credit worthiness of the borrower; or (c) the customer contacts the Company for a modification. In these circumstances, the loan is specifically evaluated for potential classification as to special mention, substandard or even charged off. The Company uses the following definitions for risk ratings: Special Mention Substandard Doubtful The following table presents our loan portfolio by risk rating (in thousands): At December 31, 2015 Total Pass Credits Special Mention Substandard Doubtful Single-Family Residential: First mortgages $ 22,403 $ 20,729 $ — $ 1,651 $ 23 HELOC’s and equity 8,693 8,004 66 547 76 Commercial, financial, and agricultural: Secured 36,223 36,193 — — 30 Unsecured 6,525 6,525 — — — Commercial Real Estate: Owner occupied 52,448 45,275 1,604 5,569 — Non-owner occupied 46,816 45,458 107 1,251 — Multi-family 4,829 4,524 305 — — Construction and Development: Construction 2,220 2,220 — — — Improved Land — — — — — Unimproved Land — — — — — Consumer 6,804 6,749 — 16 39 Total $ 186,961 $ 175,677 $ 2,082 $ 9,034 $ 168 At December 31, 2014 Total Pass Credits Special Mention Substandard Doubtful Single-Family Residential: First mortgages $ 24,459 $ 22,168 $ — $ 2,291 $ — HELOC’s and equity 7,481 6,346 557 476 102 Commercial, financial, and agricultural: Secured 28,419 28,419 — — — Unsecured 4,889 4,889 — — — Commercial Real Estate: Owner occupied 60,060 50,603 4,673 4,702 82 Non-owner occupied 44,526 37,750 4,805 1,971 — Multi-family 11,851 10,353 1,368 130 — Construction and Development: Construction 2,759 2,540 — 219 — Improved Land 166 127 39 — — Unimproved Land — — — — — Consumer 6,428 6,392 5 13 18 Total $ 191,038 $ 169,587 $ 11,447 $ 9,802 $ 202 The Bank identified as TDRs certain loans for which the allowance for loan losses had previously been measured under a general allowance methodology. Upon identifying those loans as TDRs, the Bank identified them as impaired under the guidance in ASC 310-10-35. The amendments in ASU 2011-02 require prospective application of the impairment measurement guidance in ASC 310-10-35 for those loans newly identified as impaired. As of December 31, 2015, the Company did not identify any loans as TDRs under the amended guidance for which the loan was previously measured under a general allowance methodology. December 31, 2015 Number of Pre-Modification Post-Modification Troubled Debt Restructurings Residential: HELOC’s and equity 5 $ 445 $ 445 Total 5 $ 445 $ 445 During the year ended December 31, 2015, the Bank modified five (5) loans that were considered to be troubled debt restructurings. We extended the terms and decreased the interest rate on all loans (dollar in thousands). December 31, 2014 Number of Pre-Modification Post-Modification Troubled Debt Restructurings Residential: HELOC’s and equity 2 $ 90 $ 94 Total 2 $ 90 $ 94 During the year ended December 31, 2014, the Bank modified two (2) loans that were considered to be troubled debt restructurings. We extended the terms and decreased the interest rate on both loans (dollar in thousands). No loans restructured in the twelve months prior to December 31, 2015 or 2014 went into default during the years ended December 31, 2015 or 2014. In the determination of the allowance for loan losses, management considers troubled debt restructurings and subsequent defaults in these restructurings by performing the usual process for all loans in determining the allowance for loan loss. The Company considers a default as failure to comply with the restructured loan agreement. This would include the restructured loan being past due greater than 90 days, failure to comply with financial covenants, or failure to maintain current insurance coverage or real estate taxes after the loan restructured date.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2015
Premises And Equipment
PREMISES AND EQUIPMENT	4. PREMISES AND EQUIPMENT Premises and equipment are summarized as follows: December 31, 2015 2014 Land $ 2,250,250 $ 2,250,250 Buildings and improvements 7,789,226 7,692,420 Furniture and equipment 9,630,319 9,435,255 19,669,795 19,377,925 Less accumulated depreciation 13,533,770 12,982,492 $ 6,136,025 $ 6,395,433 Depreciation expense amounted to $551,000, $547,000 and $616,000 for the years ended December 31, 2015, 2014, and 2013, respectively.

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
DEPOSITS	5. DEPOSITS The following is a summary of interest-bearing deposits: December 31, 2015 2014 NOW and money market accounts $ 89,469,976 $ 84,620,492 Savings accounts 34,807,189 33,555,840 Time deposits of $100,000 or more 86,914,226 108,109,124 Other time deposits 29,127,618 30,785,713 $ 240,319,009 $ 257,071,169 The Company participates in the Certificate of Deposit Account Registry Services (“CDARS”), a program that allows its customers the ability to benefit from the FDIC insurance coverage on their time deposits over the $250,000 limit. The Company had $21,020,000 and $24,789,000 in CDARS deposits at December 31, 2015 and 2014, respectively. Time deposits that meet or exceed the FDIC Insurance limit of $250,000 were $35,020,000 and $47,478,000 as at December 31, 2015 and 2014, respectively. At December 31, 2015, maturities of time deposits are approximately as follows: 2016 $ 82,233,470 2017 22,087,739 2018 8,814,472 2019 1,174,234 2020 and thereafter 1,731,929 $ 116,041,844

OTHER BORROWINGS

OTHER BORROWINGS	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
OTHER BORROWINGS	6. OTHER BORROWINGS Federal Home Loan Bank Advances advances are collateralized by FHLB stock, a blanket lien on the Bank’s 1-4 family mortgages, and certain commercial real estate loans and investment securities. As of December 31, 2015 and 2014, total loans pledged as collateral were $27,033,000 and $31,727,000, respectively. As of December 31, 2015 and 2014, maturities of the Company’s Federal Home Loan Bank Advances are approximately as follows: Maturity Rate 2015 2014 December 2016 Variable (0.49% at December 31, 2015) $ 5,000,000 $ — August-2026 (1) N/A 234,707 254,084 $ 5,234,707 $ 254,084 (1) $234,707 represents an Affordable Housing Program (AHP) award used to subsidize loans for homeownership or rental initiatives. The AHP is a principal reducing credit, scheduled to mature on August 17, 2026 with an interest rate of zero. At December 31, 2015, the Company has a $76.1 million line of credit facility at the FHLB of which $25.2 million was outstanding consisting of an advance of $5,235,000 and a letter of credit to secure public deposits in the amount of $20.0 million. The Company also had $23.5 million of borrowing capacity at the Federal Reserve Bank discount window and an unsecured $4 million fed funds line of credit.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	7. INCOME TAXES The components of income tax expense consist of: 2015 2014 2013 Current tax expense (benefit) $ (100,933 ) $ (33,783 ) $ 49,090 Deferred tax expense (benefit) 406,781 167,446 (199,896 ) Total income tax (benefit) $ 305,848 $ 133,663 $ (150,806 ) Income tax expense for the years ended December 31, 2015, 2014, and 2013 differed from the amounts computed by applying the statutory federal income tax rate of 34% to earnings before income taxes as follows: 2015 2014 2013 Income tax expense (benefit) at statutory rate $ 722,502 $ 660,389 $ 407,309 Tax-exempt interest income—net of disallowed interest expense (295,367 ) (390,986 ) (515,458 ) Cash surrender value of life insurance income (81,483 ) (172,759 ) (111,736 ) Other—net (39,804 ) 37,019 69,079 Income tax (benefit) $ 305,848 $ 133,663 $ (150,806 ) In 2015, the valuation allowance decreased by $176,778. The tax effects of temporary differences that give rise to significant amounts of deferred tax assets and deferred tax liabilities are presented below: 2015 2014 Deferred tax assets: Net operating losses and credits $ 2,975,497 $ 3,344,993 Net unrealized loss on securities available for sale 36,528 — Loans, principally due to difference in allowance for loan losses and deferred loan fees 602,622 564,662 Nonaccrual loan interest 14,884 44,495 Postretirement benefit accrual, deferred compensation 1,235,933 1,116,664 Other real estate owned 439,888 547,857 Other 474,988 704,429 Gross deferred tax asset 5,780,340 6,323,100 Valuation allowance — (176,778 ) Total deferred tax assets 5,780,340 6,146,322 Deferred tax liabilities: Net unrealized gain on securities available for sale — 345,400 Premises and equipment 157,906 138,158 Other 81,014 96,491 Total deferred tax liabilities 238,920 580,049 Net deferred tax assets $ 5,541,420 $ 5,566,273 The Company has, at December 31, 2015, net operating loss carryforwards of $6,309,647 for federal income tax purposes and $3,149,505 for state income tax purposes, which begin to expire in the year 2017. The Company also has certain state income tax credits of $408,069 at December 31, 2015 which begin to expire in the year 2016. Due to the uncertainty relating to the realizability of all the carryforwards and credits, management currently considers it more likely than not that all related deferred tax assets will be realized; thus, no valuation allowance has been provided because there are no state tax carry forwards at December 31, 2015. Tax returns for 2012 and subsequent years are subject to examination by taxing authorities. The Company believes that its income tax filing positions taken or expected to be taken in its tax returns will more likely than not be sustained upon audit by the taxing authorities and does not anticipate any adjustments that will result in a material adverse impact on the Company’s financial condition, results of operations, or cash flow. Therefore, no reserves for uncertain income tax positions have been recorded.

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	12 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
EMPLOYEE BENEFITS	8. EMPLOYEE BENEFITS Defined Contribution Plan The increase in cash surrender value for the contracts on those participants remaining in the Post Retirement Benefit Plan, less the Bank’s premiums, constitutes the Bank’s contribution to the Post Retirement Benefit Plans each year. In the event the insurance contracts fail to produce positive returns, the Bank has no obligation to contribute to the Post Retirement Benefit Plan. At December 31, 2015 and 2014, the cash surrender value of these insurance contracts was $10,090,000 and $10,082,000, respectively. During 2009, the Company converted the Post Retirement Benefit Plan for its key officers and active Board members into the SERP. For the SERP and the Post Retirement Benefit Plans, the Company recognized $287,000, $165,000, and $336,000 in 2015, 2014 and 2013, respectively, in noninterest expenses. The Company recognized $240,000, $304,000, and $329,000 in 2015, 2014 and 2013, respectively, in noninterest income related to the insurance contracts. Upon completion of the conversion, most key officers and active Board members participating in the Split Dollar Life Insurance Plan surrendered their interest in the death benefit portion of the plan. In exchange for relinquishing the postretirement death benefit, the Company implemented a Life Insurance Bonus Plan (“The Bonus Plan”) for most key officers to provide death benefits for their designated beneficiaries. The Company pays the participating officers an annual compensation amount to pay the annual premiums on the insurance policies. The Company incurred $63,000 in 2015 and $46,000 in both 2014 and 2013 for expenses related to the Bonus Plan.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	9. COMMITMENTS AND CONTINGENCIES Credit Commitments and Commercial Letters Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, and residential and commercial real estate. Commercial letters of credit are commitments issued by the Company to guarantee funding to a third party on behalf of a customer. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company’s exposure to credit loss in the event of nonperformance by the other party of the financial instrument for commitments to extend credit and commercial letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations related to off-balance sheet financial instruments as it does for the financial instruments recorded in the Consolidated Balance Sheets. Approximate Contractual Amount 2015 2014 Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ 35,843,000 $ 26,833,000 Commercial letters of credit 1,889,000 2,027,000 Leases 2016 $ 197,192 2017 243,020 2018 417,687 2019 380,296 2020 and Thereafter 3,127,524 $ 4,365,719 Rent expense in 2015, 2014, and 2013 was approximately $561,000, $550,000, and $542,000, respectively. Legal

STOCK OPTIONS

STOCK OPTIONS	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK OPTIONS	10. STOCK OPTIONS The Company has a Stock Incentive Plan which was approved in 1999. Under the 1999 Stock Incentive Plan, options are periodically granted to employees at a price not less than fair market value of the shares at the date of grant (or less than 110% of the fair market value if the participant owns more than 10% of the Company’s outstanding Common Stock). The term of the stock incentive option may not exceed ten years from the date of grant; however, any stock incentive option granted to a participant who owns more than 10% of the Common Stock will not be exercisable after the expiration of five (5) years after the date the option is granted. A summary of the status of the Company’s stock options as of December 31, 2015, 2014, and 2013, and changes during the years ended on those dates is presented below: 2015 2014 2013 Shares Average Exercise Price Remaining Contractual Life Aggregate Intrinsic Value Shares Average Exercise Price Remaining Contractual Life Shares Average Exercise Price Outstanding—beginning of year 49,277 $ 10.47 2.18 49,277 $ 10.47 3.18 89,877 $ 10.58 Granted — — — — — — Exercised — — — — — — Expired/Terminated (7,900 ) $ 13.41 — — (40,600 ) 10.71 Outstanding—end of year 41,377 $ 9.91 1.54 $ 5,775 49,277 $ 10.47 2.18 49,277 $ 10.47 Options exercisable at year-end 41,377 $ 9.91 1.54 $ 5,775 49,277 $ 10.47 2.18 49,277 $ 10.47 Shares available for grant 274,209 266,309 266,309 There was no compensation cost recognized during 2015, 2014, and 2013.

NET INCOME PER COMMON AND COMMO

NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE	11. NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE Basic and diluted net income per common and potential common share has been calculated based on the weighted average number of shares outstanding. Options with exercise prices lower than the average market price of the Company’s stock during the periods are considered dilutive and are therefore included in the computation of diluted earnings per share. There were 16,500 options that were dilutive in 2015 and none in 2014 or 2013. Options that are potentially dilutive are deemed not to be dilutive for 2015, 2014 and 2013 due to the exercise price of all options being greater than the average market price of the Company’s stock during those years. As of December 31, 2015, 24,877 potentially dilutive options were outstanding. As of December 31, 2014 and 2013, there were 49,277 potentially dilutive options outstanding. The following schedule reconciles the numerators and denominator of the basic and diluted net income per common and potential common share for the years ended December 31, 2015, 2014, and 2013. Net Income Shares Per Share Year ended December 31, 2015 Basic earnings per share available to common stockholders $ 1,582,339 2,186,610 $ 0.72 Nonvested restricted stock grant — 21,143 (0.01 ) Effect of dilutive securities: options to purchase common shares — 16,500 — Diluted earnings per share $ 1,582,339 2,224,253 $ 0.71 Year ended December 31, 2014 Basic earnings per share available to common stockholders $ 1,571,838 2,166,818 $ 0.73 Nonvested restricted stock grant — 19,575 (0.01 ) Effect of dilutive securities: options to purchase common shares — — — Diluted earnings per share $ 1,571,838 2,186,393 $ 0.72 Year ended December 31, 2013 Basic earnings per share available to common stockholders $ 1,111,953 2,152,780 $ 0.52 Nonvested restricted stock grant — 12,830 (0.01 ) Effect of dilutive securities: options to purchase common shares — — — Diluted earnings per share $ 1,111,953 2,165,610 $ 0.51

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	12. FAIR VALUE OF FINANCIAL INSTRUMENTS The Company measures or monitors certain of its assets and liabilities on a fair value basis. Fair value is used on a recurring basis for assets and liabilities that are elected to be accounted for under ASC guidance as well as certain assets and liabilities in which fair value is the primary basis of accounting. Depending on the nature of the asset or liability, the Company uses various valuation techniques and assumptions when estimating fair value, which are in accordance with the guidance for determining the fair value of a financial asset when the market for that asset is not active. In accordance with ASC guidance, the Company applied the following fair value hierarchy: Level 1—Quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities include debt and equity securities and derivative contracts that are traded in an active exchange market, as well as U.S. Treasury and other highly liquid investments that are actively traded in over-the-counter markets. Level 2—Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments and derivative contracts whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. This category generally includes U.S. Government and agency mortgage-backed debt securities, certain derivative contracts and impaired loans. Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. For example, this category generally includes certain private equity investments, retained residual interests in securitizations, residential mortgage servicing rights, and highly structured or long-term derivative contracts. Investment Securities Available for Sale—Investment securities available for sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange such as the New York Stock Exchange, Treasury securities that are traded by dealers or brokers in active over-the counter markets and money market funds. Level 2 securities include mortgage backed securities issued by government sponsored entities, municipal bonds and corporate debt securities. Securities classified as Level 3 include asset-backed securities in less liquid markets. Other Real Estate Owned— Assets acquired through or instead of loan foreclosure are initially recorded at fair value less estimated costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. The fair value of other real estate owned is generally based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in a Level 3 classification of the inputs for determining fair value. In addition, the Company may further adjust an appraised amount given its knowledge of a specific property or market. Loans—The Company does not record loans at fair value on a recurring basis, however, from time to time, a loan is considered impaired and an allowance for loan loss is established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan are considered impaired. Once a loan is identified as individually impaired, management determines the amount of the impairment. The fair value of impaired loans is estimated using one of several methods, including the collateral value, market value of similar debt, and discounted cash flows. Those impaired loans not requiring a specific allowance represent loans for which the fair value of expected repayments or collateral exceed the recorded investment in such loans. At December 31, 2015 and December 31, 2014, substantially all of the impaired loans were evaluated based upon the fair value of the collateral. Impaired loans where an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. The fair value of collateral dependent impaired loans is generally based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in a Level 3 classification of the inputs for determining fair value. In addition, the Company may further adjust an appraised amount given its knowledge of a specific property or market. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. The following tables present financial assets measured at fair value on a recurring and nonrecurring basis and the change in fair value for those specific financial instruments in which fair value has been elected. There were no financial liabilities measured at fair value for the periods being reported (in thousands): Fair Value Measurements at December 31, 2015 Assets Quoted Prices Significant Significant Recurring Basis: Assets Securities available for sale: State, county, and municipal securities $ 29,457 $ — $ 29,457 $ — Mortgage-backed securities 91,800 — 91,800 — Corporate securities 2,001 — 2,001 — 123,258 123,258 Nonrecurring Basis: Assets Impaired loans: Commercial Real Estate $ 8,842 $ — $ — $ 8,842 Single-family Residential 317 — — 317 Other real estate owned 4,463 — — 4,463 13,622 13,622 Fair Value Measurements at December 31, 2014 Assets Quoted Prices Significant Significant Recurring Basis: Assets Securities available for sale: State, county, and municipal securities $ 29,693 $ — $ 29,693 $ — Mortgage-backed securities 86,915 — 86,915 — Corporate securities 10,003 — 10,003 — 126,611 126,611 Nonrecurring Basis: Assets Impaired loans: Commercial Real Estate $ 9,696 $ — $ — $ 9,696 Single-family Residential 229 — — 229 Construction and Development 219 — — 219 Other real estate owned 4,668 — — 4,668 14,812 14,812 For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of December 31, 2015, the significant unobservable inputs used in the fair value measurements were as follows (dollars in thousands): Commercial Real Estate $ 8,842 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5%-20% Single-family Residential $ 317 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5%-20% OREO $ 4,463 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5%-20% Following are disclosures of fair value information about financial instruments, whether or not recognized on the balance sheet, for which it is practicable to estimate that value. The assumptions used in the estimation of the fair values are based on estimates using discounted cash flows and other valuation techniques. The use of discounted cash flows can be significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. The following disclosures should not be considered an estimate of the liquidation value of the Company, but rather a good-faith estimate of the increase or decrease in the value of financial instruments held by the Company since purchase, origination, or issuance. Cash, Due from Banks, Federal Funds Sold, Interest-Bearing Deposits with Banks and Certificates of Deposits Investment Securities Other Investments Loans Cash Surrender Value of Life Insurance Deposits Advances from Federal Home Loan Bank Commitments to Extend Credit and Commercial Letters of Credit Limitations The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of December 31, 2015 (in thousands): December 31, 2015 Carrying Fair Value Measurements Amount Total Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 2,577 $ 2,577 $ 2,577 $ — $ — Federal funds sold 16,500 16,500 16,500 $ — $ — Interest-bearing deposits with banks 29,819 29,819 29,819 — — Certificates of deposit 900 900 900 — — Investment securities 123,258 123,258 — 123,258 — Other investments 965 965 965 — — Loans-net 184,837 183,929 — — 183,929 Cash surrender value of life insurance 10,090 10,090 10,090 — — Financial liabilities: Deposits $ 328,862 $ 329,211 $ 212,820 $ 116,391 $ — Advances from Federal Home Loan Bank 5,235 5,235 — 5,235 — Notional Amount Estimated Fair Value Off-balance-sheet financial instruments: Commitments to extend credit $ 35,843 $ — Commercial letters of credit 1,889 — The carrying values and estimated fair values of the Company’s financial instruments at December 31, 2014 are as follows (in thousands): December 31, 2014 Carrying Fair Value Measurements Amount Total Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 2,758 $ 2,758 $ 2,758 $ — $ — Interest-bearing deposits with banks 45,653 45,653 45,653 — — Certificates of deposit 350 350 350 — — Investment securities 126,851 126,854 — 126,854 — Other investments 792 792 792 — — Loans-net 188,739 188,195 — — 188,195 Cash surrender value of life insurance 10,082 10,082 10,082 — — Financial liabilities: Deposits $ 340,889 $ 341,719 $ 201,994 $ 139,725 $ — Advances from Federal Home Loan Bank 254 254 — 254 — Notional Amount Estimated Fair Value Off-balance-sheet financial instruments: Commitments to extend credit $ 26,883 $ — Commercial letters of credit 2,027 —

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
STOCKHOLDERS' EQUITY	13. STOCKHOLDERS’ EQUITY Capital Adequacy The Company and the Bank are subject to various regulatory capital requirements administered by state and federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios (set forth in the table below) of total and Tier I capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier I capital (as defined) to average assets (as defined). Management believes, as of December 31, 2015, the Company meets all capital adequacy requirements to which it is subject. As of December 31, 2015, the Bank was considered “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized,” the Bank must maintain minimum total risk-based, Tier I risk-based, and Tier I leverage ratios as set forth in the table. The Company’s and the Bank’s actual capital amounts and ratios are also presented in the table below (in thousands): To Be Well For Capital Capitalized Under Adequacy Prompt Corrective Actual Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015 Total capital (to risk weighted assets): Consolidated $ 49,786 20 % $ 19,546 8.0 % N/A N/A Bank 50,528 21 % 19,179 8.0 % $ 23,974 10.0 % Tier I common equity (to risk weighted assets): Consolidated 47,662 20 % 10,995 4.5 % N/A N/A Bank 48,404 20 % 10,788 4.5 % 10,788 4.5 % Tier I capital (to risk weighted assets): Consolidated 47,662 20 % 9,773 4.0 % N/A N/A Bank 48,404 20 % 9,589 4.0 % 19,179 8.0 % Tier I capital (to average assets): Consolidated 47,662 12 % 15,367 4.0 % N/A N/A Bank 48,404 13 % 15,343 4.0 % 19,179 5.0 % As of December 31, 2014 Total capital (to risk weighted assets): Consolidated $ 45,943 19 % $ 18,854 8.0 % N/A N/A Bank 45,500 19 % 18,822 8.0 % $ 23,527 10.0 % Tier I capital (to risk weighted assets): Consolidated 43,644 19 % 9,427 4.0 % N/A N/A Bank 43,201 18 % 9,411 4.0 % 14,116 6.0 % Tier I capital (to average assets): Consolidated 43,644 11 % 15,779 4.0 % N/A N/A Bank 43,201 11 % 15,763 4.0 % 19,704 5.0 % Dividend Limitation When the Company received a capital investment from the United States Department of the Treasury in exchange for Preferred Stock under the Troubled Assets Relief Program (“TARP”) Capital Purchase Program on March 6, 2009, the Company became subject to additional limitations on the payment of dividends. These limitations require, among other things, that for as long as the Preferred Stock is outstanding, no dividends may be declared or paid on the Company’s common stock until all accrued and unpaid dividends on the Preferred Stock are fully paid. In addition, the U.S. Treasury’s consent is required for any increase in dividends on common stock before the third anniversary of issuance of the Preferred Stock. The Company paid dividends of $172,000 on its common stock in 2015, 2014 and 2013, respectively. The annual dividend payout rate was $0.08 per common share in 2015 and 2014. In addition, the Company paid cash dividends totaling $237,000 in 2015, 2014 and 2013, respectively, on its preferred stock issued to the Treasury. Basel III

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
RELATED-PARTY TRANSACTIONS	14. RELATED-PARTY TRANSACTIONS Certain of the Company’s directors, officers, principal stockholders, and their associates were customers of, or had transactions with, the Company or the Bank in the ordinary course of business during 2015 and 2014. Some of the Company’s directors are directors, officers, trustees, or principal securities holders of corporations or other organizations that also were customers of, or had transactions with, the Company or the Bank in the ordinary course of business during 2015 and 2014. All outstanding loans and other transactions with the Company’s directors, officers, and principal shareholders were made in the ordinary course of business on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons and, when made, did not involve more than the normal risk of collectibility or present other unfavorable features. The following table summarizes the activity in these loans during 2015 and 2014: Years Ended December 31, 2015 2014 Balance at beginning of year $ 11,971,312 $ 14,522,184 New loans 438,528 2,841,922 Repayments (6,610,768 ) (5,392,794 ) Balance—end of year $ 5,799,072 $ 11,971,312 Deposits by directors, executive officers of the Company, the Bank, and associates of such persons, totaled $5,683,639 and $5,645,426 at December 31, 2015 and 2014, respectively.

SUPPLEMENTARY INCOME STATEMENT

SUPPLEMENTARY INCOME STATEMENT INFORMATION	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUPPLEMENTARY INCOME STATEMENT INFORMATION	15. SUPPLEMENTARY INCOME STATEMENT INFORMATION Components of other operating expenses in excess of 1% of total interest income and other income in any of the respective years are approximately as follows: For the years ended 2015 2014 2013 Professional services—legal $ 306,875 $ 309,411 $ 438,208 Professional services—other 490,553 598,451 723,505 Stationery and supplies 144,518 144,702 200,116 Data processing 711,753 695,863 664,240 Telephone 246,274 284,260 305,279 FDIC insurance premium 325,000 329,000 533,447 Amortization of core deposit intangible 471,918 471,918 471,918 Security and protection expense 368,565 394,980 389,614 Advertising and Marketing 148,702 126,082 154,389 Other benefit expenses 287,401 165,276 336,066 Other miscellaneous expenses 1,638,763 1,990,232 1,751,862 $ 5,140,322 $ 5,510,175 $ 5,968,644

CONDENSED FINANCIAL INFORMATION

CONDENSED FINANCIAL INFORMATION OF CITIZENS BANCSHARES CORPORATION (PARENT ONLY)	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
CONDENSED FINANCIAL INFORMATION OF CITIZENS BANCSHARES CORPORATION (PARENT ONLY)	16. CONDENSED FINANCIAL INFORMATION OF CITIZENS BANCSHARES CORPORATION (PARENT ONLY) December 31, December 31, 2015 2014 Balance Sheets Assets: Cash $ 31,898 $ 119,075 Investment in Bank 49,692,045 49,123,228 Other assets 722,572 400,698 $ 50,446,515 $ 49,643,001 Liabilities and stockholders’ equity: Total liabilities $ 70,319 $ 76,456 Stockholders’ equity 50,376,196 49,566,545 $ 50,446,515 $ 49,643,001 For the Years Ended December 31, 2015 2014 2013 Statements of Income Dividends from subsidiary $ 714,000 $ 671,000 $ 500,000 Other revenue — 3,426 — Total revenue 714,000 674,426 500,000 Total expenses 526,256 232,616 291,771 Income (loss) before income tax benefit and equity in undistributed earnings of the subsidiary 187,744 441,810 208,229 Income tax benefit 321,207 79,089 92,356 Income (loss) before equity in undistributed earnings of the subsidiary 508,951 520,899 300,585 Equity in undistributed earnings of the subsidiary 1,310,208 1,287,759 1,048,188 Net income $ 1,819,159 $ 1,808,658 $ 1,348,773 Years Ended December 31, 2015 2014 2013 Statements of Cash Flows Cash flows from operating activities— Net income $ 1,819,159 $ 1,808,658 $ 1,348,773 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of the subsidiary (1,310,208 ) (1,287,759 ) (1,048,188 ) Restricted stock based compensation plan (1,648 ) (8,164 ) (106,829 ) Change in other assets (321,874 ) (79,089 ) (92,357 ) Change in other liabilities (6,137 ) (30,628 ) (6,398 ) Net cash provided by operating activities 179,292 403,018 95,001 Cash flows from financing activities: Common stock dividend paid (172,316 ) (171,744 ) (171,744 ) Preferred stock dividend paid (236,820 ) (236,820 ) (236,820 ) Net purchase of treasury stock — — (61,423 ) Proceeds from issuance of common stock 191,070 114,784 180,657 Purchase of treasury stock (48,403 ) — — Net cash used in financing activities (266,469 ) (293,780 ) (289,330 ) Net change in cash (87,177 ) 109,238 (194,329 ) Cash: Beginning of year 119,075 9,837 204,166 End of year $ 31,898 $ 119,075 $ 9,837 Supplemental disclosures of cash flow information: Cash paid during the year for: Income taxes $ 55,000 $ — $ 26,000

QUARTERLY FINANCIAL DATA (UNAUD

QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL DATA (UNAUDITED)	17. QUARTERLY FINANCIAL DATA (UNAUDITED) The following table presents the Company’s quarterly financial data for the years ended December 31, 2015 and 2014 (amounts in thousands, except per share amounts): First Quarter 2015 Second Quarter 2015 Third Quarter 2015 Fourth Quarter 2015 Interest Income $ 3,174 $ 3,164 $ 3,367 $ 3,063 Interest expense 184 179 172 165 Net Interest income 2,990 2,985 3,195 2,898 Provision for loan losses 75 50 75 (100 ) Non-interest income 1,164 1,059 1,069 1,309 Non-interest expense 3,558 3,580 3,662 3,644 Income before income taxes 521 414 527 663 Income tax expense 93 66 107 40 Net income 428 348 420 623 Preferred dividends 59 59 59 60 Net income available to common stockholders $ 369 $ 289 $ 361 $ 563 Net income per common share - basic $ 0.17 $ 0.13 $ 0.16 $ 0.26 Net income per common share - diluted $ 0.17 $ 0.13 $ 0.16 $ 0.25 First Quarter 2014 Second Quarter 2014 Third Quarter 2014 Fourth Quarter 2014 Interest Income $ 3,376 $ 3,387 $ 3,333 $ 3,266 Interest expense 212 211 211 199 Net Interest income 3,164 3,176 3,122 3,067 Provision for loan losses — — — 75 Non-interest income 979 1,017 990 1,454 Non-interest expense 3,644 3,623 3,758 3,927 Income before income taxes 499 570 354 519 Income tax expense (benefit) 83 97 (22 ) (24 ) Net income 416 473 376 543 Preferred dividends 59 59 59 59 Net income available to common stockholders $ 357 $ 414 $ 317 $ 484 Net income per common share - basic $ 0.17 $ 0.19 $ 0.15 $ 0.22 Net income per common share - diluted $ 0.16 $ 0.19 $ 0.15 $ 0.22

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	18. SUBSEQUENT EVENTS In preparing these financial statements, subsequent events were evaluated through the time the financial statements were issued. Financial statements are considered issued when they are widely distributed to all shareholders and other financial statement users, or filed with the Securities and Exchange Commission. In conjunction with applicable accounting standards, all material subsequent events have been either recognized in the financial statements or disclosed in the notes to the financial statements.

SUMMARY OF SIGNIFICANT ACCOUN27

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business	Business
Basis of Presentation	Basis of Presentation
Troubled Asset Relief Program	Troubled Asset Relief Program On September 17, 2010, the Company issued 4,379 shares of its Series C Preferred Shares to the Treasury as part of its TARP Community Development Capital Initiative for a total of 11,841 shares of Series B and C Preferred Shares issued to the Treasury. The issuance of the Series B and Series C Preferred Shares was a private placement exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended. The Series B and Series C Preferred Shares qualify as Tier 1 capital and will pay cumulative dividends at a rate of 2% per annum for the first eight years after the Closing Date and 9% per annum thereafter. The Company may, subject to consultation with the Federal Reserve Bank of Atlanta, redeem the Series B and Series C Preferred Shares at any time for its aggregate liquidation amount plus any accrued and unpaid dividends.
Cash and Cash Equivalents	Cash and Cash Equivalents
Interest-bearing Deposits with Banks	Interest-bearing Deposits with Banks
Other Investments	Other Investments
Investment Securities	Investment Securities Premiums and discounts on available for sale and held to maturity securities are amortized or accreted using a method which approximates a level yield. Amortization and accretion of premiums and discounts are presented within investment securities interest income on the Consolidated Statements of Income. Gains and losses on sales of investment securities are recognized upon disposition, based on the adjusted cost of the specific security. A decline in market value of any security below cost that is deemed other than temporary is charged to earnings resulting in the establishment of a new cost basis for the security. The determination of whether an other-than-temporary impairment has occurred involves significant assumptions, estimates, changes in economic conditions and judgment by management. There was no other-than-temporary impairment for securities recorded during 2015, 2014 or 2013.
Loans Receivable and Allowance for Loan Losses	Loans Receivable and Allowance for Loan Losses Management considers a loan to be impaired when, based on current information and events, there is a potential that all amounts due according to the contractual terms of the loan may not be collected. Impaired loans are measured based on the present value of expected future cash flows, discounted at the loan’s effective interest rate, or at the loan’s observable market price, or the fair value of the collateral if the loan is collateral dependent. Loans are generally placed on nonaccrual status when the full and timely collection of principal or interest becomes uncertain or the loan becomes contractually in default for 90 days or more as to either principal or interest, unless the loan is well collateralized and in the process of collection. When a loan is placed on nonaccrual status, current period accrued and uncollected interest is charged-off against interest income on loans unless management believes the accrued interest is recoverable through the liquidation of collateral. Loans are returned to accrual status when payment has been made according to the terms and conditions of the loan for a continuous six month period. The Company provides for estimated losses on loans receivable when any significant and permanent decline in value occurs. These estimates for losses are based on individual assets and their related cash flow forecasts, sales values, independent appraisals, the volatility of certain real estate markets, and concern for disposing of real estate in distressed markets. For loans that are pooled for purposes of determining necessary provisions, estimates are based on loan types, history of charge-offs, and other delinquency analyses. Therefore, the value used to determine the provision for losses is subject to the reasonableness of these estimates. The adequacy of the allowance for loan losses is reviewed on a monthly basis by management and the Board of Directors. This assessment is made in the context of historical losses as well as existing economic conditions, performance trends within specific portfolio segments, and individual concentrations of credit. Loans are charged-off against the allowance when, in the opinion of management, such loans are deemed to be uncollectible and subsequent recoveries are added to the allowance.
Troubled Debt Restructurings	Troubled Debt Restructurings Troubled debt restructurings (“TDR”) generally occur when a borrower is experiencing, or is expected to experience, financial difficulties in the near-term and it is probable that the Company will not be able to collect all amounts due according to the contractual terms of the loan agreement. The Company seeks to assist these borrowers by working with them to prevent further difficulties, and ultimately to improve the likelihood of recovery on the loan while ensuring compliance with the Federal Financial Institutions Examination Council (FFIEC) guidelines. To facilitate this process, a formal concessionary modification that would not otherwise be considered may be granted resulting in classification of the loan as a TDR. The modification may include a change in the interest rate or the payment amount or a combination of both. Substantially all modifications completed under a formal restructuring agreement are considered TDRs. Modifications can involve loans remaining on nonaccrual, moving to nonaccrual, or continuing on accruing status, depending on the individual facts and circumstances of the borrower. These restructurings rarely result in the forgiveness of principal or interest. Nonperforming commercial TDRs may be returned to accrual status based on a current, well-documented credit evaluation of the borrower’s financial condition and prospects for repayment under the modified terms. This evaluation must include consideration of the borrower’s sustained historical repayment performance for a reasonable period (generally a minimum of six months) prior to the date on which the loan is returned to accrual status. With respect to commercial TDRs, an analysis of the credit evaluation, in conjunction with an evaluation of the borrower’s performance prior to the restructuring, are considered when evaluating the borrower’s ability to meet the restructured terms of the loan agreement. Nonperforming commercial TDRs may be returned to accrual status based on a current, well-documented credit evaluation of the borrower’s financial condition and prospects for repayment under the modified terms. This evaluation must include consideration of the borrower’s sustained historical repayment performance for a reasonable period (generally a minimum of six months) prior to the date on which the loan is returned to accrual status. In connection with consumer loan TDRs, a nonperforming loan will be returned to accruing status when current as to principal and interest and upon a sustained historical repayment performance (generally a minimum of six months).
Premises and Equipment	Premises and Equipment Buildings and improvements 5-40 years Furniture and equipment 3-10 years
Other Real Estate Owned	Other Real Estate Owned Years Ended December 31, 2015 2014 Balance—beginning of year $ 4,668,152 $ 7,404,437 Additions 976,356 1,200,627 Sales (964,496 ) (3,410,784 ) Write downs (217,217 ) (526,128 ) Balance—end of year $ 4,462,795 $ 4,668,152
Intangible Assets	Intangible Assets The Company reviews the carrying value of goodwill on an annual basis and on an interim basis if certain events or circumstances indicate that an impairment loss may have been incurred. An impairment charge is recognized if the carrying value of the reporting unit’s goodwill exceeds its implied fair value. The following table presents information about our intangible assets: December 31, 2015 December 31, 2014 Gross Carrying Accumulated Gross Carrying Accumulated Amount Amortization Amount Amortization Unamortized intangible asset: Goodwill $ 362,139 $ — $ 362,139 $ — Amortized intangible asset: Core deposit intangibles $ 3,303,427 $ 3,185,447 $ 3,303,427 $ 2,713,529 The following table presents information about aggregate amortization expense for each of the three succeeding fiscal years as follows: For the Years Ended December 31, 2015 2014 2013 Aggregate amortization expense of core deposit intangibles $ 471,918 $ 471,918 $ 471,918 Estimated aggregate amortization expense of core deposit intangibles for the year ending December 31: 2016 $ 117,980 2017 and thereafter $ —
Income Taxes	Income Taxes In the event the future tax consequences of differences between the financial reporting bases and the tax bases of the Company’s assets and liabilities result in deferred tax assets, an evaluation of the probability of being able to realize the future benefits indicated by such assets is required. A valuation allowance is provided for the portion of a deferred tax asset when it is more likely than not that some portion or all of the deferred tax asset will not be realized. In assessing the realizability of the deferred tax assets, management considers the scheduled reversals of deferred tax liabilities, projected future taxable income, and tax planning strategies.
Net Income Available to Common Stockholders	Net Income Available to Common Stockholders
Stock Based Compensation	Stock Based Compensation There were no options granted in 2015, 2014, and 2013. In 2013, 13,500 nonvested restricted shares of common stock were issued to certain officers and the Chief Executive Officer (CEO) at a grant price of $6.30. The 2013 restricted common stock will vest 100% (Cliff vesting) on January 1, 2016. In 2014, 11,885 nonvested restricted shares of common stock were issued to certain officers and the Chief Executive Officer (CEO) at a grant price of $8.85. These restricted common stock shares will vest 100% (Cliff vesting) on January 1, 2017. In addition, 11,450 nonvested shares of common stock were issued to the Chief Executive Officer (CEO) at a grant price of $8.04 as a bonus. These restricted common stock shares will vest 100% (Cliff vesting) on March 23, 2016 and transferability is subject to TARP regulations pertaining to repayment of TARP funding in 25 percent increments. In 2015, 11,500 nonvested restricted shares of common stock were issued to certain officers and the Chief Executive Officer (CEO) at a grant price of $9.10. These restricted common stock shares will vest 100% (Cliff vesting) on January 1, 2018. In addition, 12,200 nonvested shares of common stock were issued to the Chief Executive Officer (CEO) at a grant price of $8.75 as a bonus. These restricted common stock shares will vest 100% (Cliff vesting) on February 18, 2017 and transferability is subject to TARP regulations pertaining to repayment of TARP funding in 25 percent increments. Certain employees were issued a discretionary nonvested restricted shares of common stock of which 300 were at a grant price of $8.75 that vested 100% (Cliff vesting) on February 3, 2016, and 1,550 were at a grant price of $9.90 that vests 100% (Cliff vesting) on April 15, 2016.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In May 2014, the FASB issued guidance to change the recognition of revenue from contracts with customers. The core principle of the new guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration the entity receives or expects to receive. The guidance will be effective for the Company for reporting periods beginning after December 15. The Company will apply the guidance using a full retrospective approach. The Company does not expect these amendments to have a material effect on its financial statements. In January 2015, the FASB issued guidance to eliminate from U.S. GAAP the concept of an extraordinary item, which is an event or transaction that is both (1) unusual in nature and (2) infrequently occurring. Under the new guidance, an entity will no longer (1) segregate an extraordinary item from the results of ordinary operations; (2) separately present an extraordinary item on its income statement, net of tax, after income from continuing operations; or (3) disclose income taxes and earnings-per-share data applicable to an extraordinary item. The amendments will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company will apply the guidance prospectively. The Company does not expect these amendments to have a material effect on its financial statements. In February 2015, the FASB issued guidance which amends the consolidation requirements and significantly changes the consolidation analysis required under U.S. GAAP. Although the amendments are expected to result in the deconsolidation of many entities, the Company will need to reevaluate all its previous consolidation conclusions. The amendments will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted (including during an interim period), provided that the guidance is applied as of the beginning of the annual period containing the adoption date. The Company does not expect these amendments to have a material effect on its financial statements. In June 2015, the FASB issued amendments to clarify the Accounting Standards Codification (ASC), correct unintended application of guidance, and make minor improvements to the ASC that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The amendments were effective upon issuance (June 12, 2015) for amendments that do not have transition guidance. Amendments that are subject to transition guidance will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The Company does not expect these amendments to have a material effect on its financial statements. In August 2015, the FASB deferred the effective date of ASU 2014-09, Revenue from Contracts with Customers. In November 2015, the FASB amended the Income Taxes topic of the Accounting Standards Codification simplify the presentation of deferred income taxes by requiring that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The amendments will be effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods, with early adoption permitted as of the beginning of an interim or annual reporting period. The Company will apply the guidance prospectively. The Company does not expect these amendments to have a material effect on its financial statements. In January 2016, the FASB amended the Financial Instruments topic of the Accounting Standards Codification to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company will apply the guidance by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values will be applied prospectively to equity investments that exist as of the date of adoption of the amendments. The Company does not expect these amendments to have a material effect on its financial statements. In February 2016, the FASB issued new guidance to change accounting for leases and that will generally require most leases to be recognized on the balance sheet. The new lease standard only contains targeted changes to accounting by lessors, however, lessees will be required to recognize most leases in their balance sheets as lease liabilities for lease payments and right-of-use assets representing the lessee’s rights to use the underlying assets for the lease terms for lease arrangements longer than 12 months. Under this approach, a lessee will account for most existing capital/finance leases as Type A leases and most existing operating leases as Type B leases. Type A and Type B leases have unique accounting and disclosure requirements. Existing sale-leaseback guidance, including guidance for real estate, will be replaced with a new model applicable to both lessees and lessors. The new guidance will be effective for fiscal years (and interim periods within those fiscal years) beginning after December 15, 2018. Early adoption is permitted for all companies and organizations. Management is currently analyzing the impact of the adoption of this guidance on the Company’s consolidated financial statements, including assessing changes that might be necessary to information technology systems, processes and internal controls to capture new data and address changes in financial reporting. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.
Reclassifications	Reclassifications

SUMMARY OF SIGNIFICANT ACCOUN28

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2015
Summary Of Significant Accounting Policies Tables
Schedule of estimated useful lives for premises and equipment	The range of estimated useful lives for premises and equipment is as follows: Buildings and improvements 5-40 years Furniture and equipment 3-10 years
Summary of transactions in other real estate owned	Transactions in other real estate owned for the years ended December 31, 2015 and 2014 are summarized below: Years Ended December 31, 2015 2014 Balance—beginning of year $ 4,668,152 $ 7,404,437 Additions 976,356 1,200,627 Sales (964,496 ) (3,410,784 ) Write downs (217,217 ) (526,128 ) Balance—end of year $ 4,462,795 $ 4,668,152
Schedule of intangible assets	The following table presents information about our intangible assets: December 31, 2015 December 31, 2014 Gross Carrying Accumulated Gross Carrying Accumulated Amount Amortization Amount Amortization Unamortized intangible asset: Goodwill $ 362,139 $ — $ 362,139 $ — Amortized intangible asset: Core deposit intangibles $ 3,303,427 $ 3,185,447 $ 3,303,427 $ 2,713,529
Schedule of aggregate amortization expense	The following table presents information about aggregate amortization expense for each of the three succeeding fiscal years as follows: For the Years Ended December 31, 2015 2014 2013 Aggregate amortization expense of core deposit intangibles $ 471,918 $ 471,918 $ 471,918 Estimated aggregate amortization expense of core deposit intangibles for the year ending December 31: 2016 $ 117,980 2017 and thereafter $ —

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of investment securities available for sale	Investment securities available for sale are summarized as follows: Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value At December 31, 2015: State, county, and municipal securities $ 28,247,652 $ 1,223,305 $ 13,764 $ 29,457,193 Mortgage-backed securities 93,117,896 64,860 1,382,320 91,800,436 Corporate securities 2,000,000 592 — 2,000,592 Totals $ 123,365,548 $ 1,288,757 $ 1,396,084 $ 123,258,221 At December 31, 2014: State, county, and municipal securities $ 28,179,407 $ 1,513,824 — $ 29,693,231 Mortgage-backed securities 87,548,174 436,580 1,070,052 86,914,702 Corporate securities 9,867,241 135,637 — 10,002,878 Totals $ 125,594,822 $ 2,086,041 $ 1,070,052 $ 126,610,811
Schedule of investment securities held to maturity	Investment securities held to maturity are summarized as follows: Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value At December 31, 2014: State, county, and municipal securities $ 240,000 $ 3,118 $ — $ 243,118
Schedule of amortized costs and fair values of investment securities, by contractual maturity	The amortized costs and fair values of investment securities at December 31, 2015, by contractual maturity, are shown below. Mortgage-backed securities are classified by their contractual maturity, however, expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with and without call or prepayment penalties. Available for Sale Amortized Fair Cost Value Due in one year or less $ 2,201,764 $ 2,202,958 Due after one year through five years 5,233,907 5,381,576 Due after five years through ten years 31,068,097 32,018,963 Due after ten years 84,861,780 83,654,724 $ 123,365,548 $ 123,258,221
Schedule of investments gross unrealized losses and fair value	The following tables show investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at December 31, 2015 and December 31, 2014. Except as explicitly identified below, all unrealized losses on investment securities are considered by management to be temporarily impaired given the credit ratings on these investment securities and the short duration of the unrealized loss. At December 31, 2015: Securities Available for Sale Securities in a loss position for Securities in a loss position for less than twelve months twelve months or more Total Unrealized Unrealized Unrealized Fair value losses Fair value losses Fair value losses Municipal securities $ 2,587,274 $ (13,764 ) $ — $ — $ 2,587,274 $ (13,764 ) Mortgage-backed securities 63,532,817 (722,276 ) 21,332,785 (660,044 ) 84,865,602 (1,382,320 ) Corporate securities — — — — — — Total $ 66,120,091 $ (736,040 ) $ 21,332,785 $ (660,044 ) $ 87,452,876 $ (1,396,084 ) There were no held to maturity securities in an unrealized loss position at December 31, 2015 or 2014. At December 31, 2014: Securities Available for Sale Securities in a loss position for Securities in a loss position for less than twelve months twelve months or more Total Unrealized Unrealized Unrealized Fair value losses Fair value losses Fair value losses Municipal securities $ — $ — $ — $ — $ — $ — Mortgage-backed securities 15,383,833 (151,511 ) 40,642,844 (918,541 ) 56,026,677 (1,070,052 ) Corporate securities — — — — — — Total $ 15,383,833 $ (151,511 ) $ 40,642,844 $ (918,541 ) $ 56,026,677 $ (1,070,052

LOANS RECEIVABLE AND ALLOWANC30

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Dec. 31, 2015
Loans and Leases Receivable Disclosure [Abstract]
Schedule of loans outstanding, by classification	Loans outstanding, by classification, are summarized as follows (amounts in thousands): December 31, 2015 2014 Commercial, financial, and agricultural $ 42,748 $ 33,308 Commercial Real Estate 104,093 116,437 Single-Family Residential 31,096 31,940 Construction and Development 2,220 2,925 Consumer 6,804 6,428 186,961 191,038 Allowance for loan losses 2,124 2,299 Loans receivable-net $ 184,837 $ 188,739
Schedule of activity in allowance for loan losses	Activity in the allowance for loan losses by portfolio segment is summarized as follows (in thousands): For the Year Ended December, 2015 Commercial Single-family Construction & Commercial Real Estate Residential Development Consumer Total Beginning balance $ 415 $ 1,366 $ 254 $ 72 $ 192 $ 2,299 Provision for loan losses (101 ) (261 ) 423 (75 ) 114 100 Loans charged-off — (138 ) (268 ) — (197 ) (603 ) Recoveries on loans charged-off 28 203 26 6 65 328 Ending Balance $ 342 $ 1,170 $ 435 $ 3 $ 174 $ 2,124 For the Year Ended December, 2014 Commercial Single-family Construction & Commercial Real Estate Residential Development Consumer Total Beginning balance $ 384 $ 1,721 $ 731 $ 126 $ 195 $ 3,157 Provision for loan losses (12 ) 27 (129 ) 69 120 75 Loans charged-off (9 ) (562 ) (468 ) (137 ) (182 ) (1,358 ) Recoveries on loans charged-off 52 180 120 14 59 425 Ending Balance $ 415 $ 1,366 $ 254 $ 72 $ 192 $ 2,299 For the Year Ended December, 2013 Commercial Single-family Construction & Commercial Real Estate Residential Development Consumer Total Beginning balance $ 433 $ 1,853 $ 803 $ 177 $ 243 $ 3,509 Provision for loan losses (68 ) 127 361 (56 ) 61 425 Loans charged-off (22 ) (710 ) (554 ) (30 ) (169 ) (1,485 ) Recoveries on loans charged-off 41 451 121 35 60 708 Ending Balance $ 384 $ 1,721 $ 731 $ 126 $ 195 $ 3,157
Schedule of allocation of allowance for loan losses by portfolio segment	The allocation of the allowance for loan losses by portfolio segment was as follows (in thousands): At December 31, 2015 Single- Commercial family Construction Commercial Real Estate Residential & Development Consumer Total Allowance for loan losses: Specific Reserves: Impaired loans $ — $ 550 $ 100 $ — $ — $ 650 Total specific reserves — 550 100 — — 650 General reserves 342 620 335 3 174 1,474 Total $ 342 $ 1,170 $ 435 $ 3 $ 174 $ 2,124 Loans outstanding: Loans individually evaluated for impairment $ — $ 9,392 $ 417 $ — $ — $ 9,809 Loans collectively evaluated for impairment 42,748 94,701 30,679 2,220 6,804 177,152 Total $ 42,748 $ 104,093 $ 31,096 $ 2,220 $ 6,804 $ 186,961 At December 31, 2014 Single- Commercial family Construction Commercial Real Estate Residential & Development Consumer Total Allowance for loan losses: Specific Reserves: Impaired loans $ — $ 91 $ 51 $ — $ — $ 142 Total specific reserves — 91 51 — — 142 General reserves 415 1,275 203 72 192 2,157 Total $ 415 $ 1,366 $ 254 $ 72 $ 192 $ 2,299 Loans outstanding: Loans individually evaluated for impairment $ — $ 9,787 $ 280 $ 219 $ — $ 10,286 Loans collectively evaluated for impairment 33,308 106,650 31,660 2,706 6,428 180,752 Total $ 33,308 $ 116,437 $ 31,940 $ 2,925 $ 6,428 $ 191,038
Schedule of impaired loans by class of loan	The following table presents impaired loans by class of loan (in thousands): At December 31, 2015 Impaired Loans - With Impaired Loans - With Allowance no Allowance Allowance for Loan Average Interest Unpaid Recorded Losses Unpaid Recorded Recorded Income Principal Investment Allocated Principal Investment Investment Recognized Residential: First mortgages $ — $ — $ — $ — $ — $ — $ — HELOC’s and equity 134 134 100 304 283 209 43 Commercial Secured — — — — — — — Unsecured — — — — — — — Commercial Real Estate: Owner occupied 4,115 4,115 356 4,456 3,972 8,666 391 Non-owner occupied 691 691 194 667 614 1,679 193 Multi-family — — — — — — — Construction and Development: . Construction — — — — — — — Improved Land — — — — — — — Unimproved Land — — — — — — — Consumer and Other — — — — — — Total $ 4,940 $ 4,940 $ 650 $ 5,427 $ 4,869 $ 10,554 $ 627 At December 31, 2014 Impaired Loans - With Impaired Loans - With Allowance no Allowance Allowance for Loan Average Interest Unpaid Recorded Losses Unpaid Recorded Recorded Income Principal Investment Allocated Principal Investment Investment Recognized Residential: First mortgages $ — $ — $ — $ — $ — $ — $ — HELOC’s and equity 102 102 51 178 178 86 35 Commercial Secured — — — — — — — Unsecured — — — — — — — Commercial Real Estate: Owner occupied 81 81 81 8,014 7,457 7,575 717 Non-owner occupied — — — 2,388 2,154 2,228 165 Multi-family 95 95 10 — — 97 69 Construction and Development: . Construction — — — 356 219 292 30 Improved Land — — — — — — — Unimproved Land — — — — — — — Consumer and Other — — — — — — Total $ 278 $ 278 $ 142 $ 10,936 $ 10,008 $ 10,278 $ 1,016
Schedule of aging analysis of loan portfolio	The following table is an aging analysis of our loan portfolio (in thousands): At December 31, 2015 Recorded Investment 30- 59 60- 89 Over 90 Total > 90 Days Days Past Days Past Days Past Total Loans and Due Due Due Past Due Current Receivable Accruing Nonaccrual Residential: First mortgages $ 1,581 $ 824 $ 745 $ 3,150 $ 19,253 $ 22,403 $ — $ 1,246 HELOC’s and equity 224 59 173 456 8,237 8,693 — 250 Commercial: Secured 49 — 30 79 36,144 36,223 — 30 Unsecured — — — — 6,525 6,525 — — Commercial Real Estate: Owner occupied 931 336 — 1,267 51,181 52,448 — 933 Non-owner occupied 441 691 — 1,132 45,684 46,816 — 551 Multi-family — — — — 4,829 4,829 — — Construction and Development: Construction — — — — 2,220 2,220 — — Improved Land — — — — — — — — Unimproved Land — — — — — — — — Consumer and Other 29 6 41 76 6,728 6,804 35 6 Total $ 3,255 $ 1,916 $ 989 $ 6,160 $ 180,801 $ 186,961 $ 35 $ 3,016 At December 31, 2014 Recorded Investment 30- 59 60- 89 Over 90 Total > 90 Days Days Past Days Past Days Past Total Loans and Due Due Due Past Due Current Receivable Accruing Nonaccrual Residential: First mortgages $ 2,273 $ 1,190 $ 1,036 $ 4,499 $ 19,960 $ 24,459 $ 35 $ 1,513 HELOC’s and equity 60 550 184 794 6,687 7,481 — 286 Commercial: Secured — 187 — 187 28,232 28,419 — — Unsecured — — — — 4,889 4,889 — — Commercial Real Estate: Owner occupied 767 — 228 995 59,065 60,060 — 1,222 Non-owner occupied 1,429 588 84 2,101 42,425 44,526 — 1,026 Multi-family 35 327 95 457 11,394 11,851 — 95 Construction and Development: Construction — — — — 2,759 2,759 — — Improved Land 103 — — 103 63 166 — — Unimproved Land — — — — — — — — Consumer and Other 6 22 18 46 6,382 6,428 — 18 Total $ 4,673 $ 2,864 $ 1,645 $ 9,182 $ 181,856 $ 191,038 $ 35 $ 4,160
Schedule of loan portfolio by risk rating	The following table presents our loan portfolio by risk rating (in thousands): At December 31, 2015 Total Pass Credits Special Mention Substandard Doubtful Single-Family Residential: First mortgages $ 22,403 $ 20,729 $ — $ 1,651 $ 23 HELOC’s and equity 8,693 8,004 66 547 76 Commercial, financial, and agricultural: Secured 36,223 36,193 — — 30 Unsecured 6,525 6,525 — — — Commercial Real Estate: Owner occupied 52,448 45,275 1,604 5,569 — Non-owner occupied 46,816 45,458 107 1,251 — Multi-family 4,829 4,524 305 — — Construction and Development: Construction 2,220 2,220 — — — Improved Land — — — — — Unimproved Land — — — — — Consumer 6,804 6,749 — 16 39 Total $ 186,961 $ 175,677 $ 2,082 $ 9,034 $ 168 At December 31, 2014 Total Pass Credits Special Mention Substandard Doubtful Single-Family Residential: First mortgages $ 24,459 $ 22,168 $ — $ 2,291 $ — HELOC’s and equity 7,481 6,346 557 476 102 Commercial, financial, and agricultural: Secured 28,419 28,419 — — — Unsecured 4,889 4,889 — — — Commercial Real Estate: Owner occupied 60,060 50,603 4,673 4,702 82 Non-owner occupied 44,526 37,750 4,805 1,971 — Multi-family 11,851 10,353 1,368 130 — Construction and Development: Construction 2,759 2,540 — 219 — Improved Land 166 127 39 — — Unimproved Land — — — — — Consumer 6,428 6,392 5 13 18 Total $ 191,038 $ 169,587 $ 11,447 $ 9,802 $ 202
Schedule of troubled debt restructurings	As of December 31, 2015, the Company did not identify any loans as TDRs under the amended guidance for which the loan was previously measured under a general allowance methodology. December 31, 2015 Number of Pre-Modification Post-Modification Troubled Debt Restructurings Residential: HELOC’s and equity 5 $ 445 $ 445 Total 5 $ 445 $ 445 During the year ended December 31, 2015, the Bank modified five (5) loans that were considered to be troubled debt restructurings. We extended the terms and decreased the interest rate on all loans (dollar in thousands). December 31, 2014 Number of Pre-Modification Post-Modification Troubled Debt Restructurings Residential: HELOC’s and equity 2 $ 90 $ 94 Total 2 $ 90 $ 94

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Schedule of premises and equipment	Premises and equipment are summarized as follows: December 31, 2015 2014 Land $ 2,250,250 $ 2,250,250 Buildings and improvements 7,789,226 7,692,420 Furniture and equipment 9,630,319 9,435,255 19,669,795 19,377,925 Less accumulated depreciation 13,533,770 12,982,492 $ 6,136,025 $ 6,395,433

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
Schedule of interest-bearing deposits	The following is a summary of interest-bearing deposits: December 31, 2015 2014 NOW and money market accounts $ 89,469,976 $ 84,620,492 Savings accounts 34,807,189 33,555,840 Time deposits of $100,000 or more 86,914,226 108,109,124 Other time deposits 29,127,618 30,785,713 $ 240,319,009 $ 257,071,169
Schedule of maturities of time deposits	At December 31, 2015, maturities of time deposits are approximately as follows: 2016 $ 82,233,470 2017 22,087,739 2018 8,814,472 2019 1,174,234 2020 and thereafter 1,731,929 $ 116,041,844

OTHER BORROWINGS (Tables)

OTHER BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
Schedule of maturities of federal home loan bank advances	As of December 31, 2015 and 2014, maturities of the Company’s Federal Home Loan Bank Advances are approximately as follows: Maturity Rate 2015 2014 December 2016 Variable (0.49% at December 31, 2015) $ 5,000,000 $ — August-2026 (1) N/A 234,707 254,084 $ 5,234,707 $ 254,084 (1) $234,707 represents an Affordable Housing Program (AHP) award used to subsidize loans for homeownership or rental initiatives. The AHP is a principal reducing credit, scheduled to mature on August 17, 2026 with an interest rate of zero.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of the components of income tax expense	The components of income tax expense consist of: 2015 2014 2013 Current tax expense (benefit) $ (100,933 ) $ (33,783 ) $ 49,090 Deferred tax expense (benefit) 406,781 167,446 (199,896 ) Total income tax (benefit) $ 305,848 $ 133,663 $ (150,806 )
Schedule of reconciliation of income tax expense	Income tax expense for the years ended December 31, 2015, 2014, and 2013 differed from the amounts computed by applying the statutory federal income tax rate of 34% to earnings before income taxes as follows: 2015 2014 2013 Income tax expense (benefit) at statutory rate $ 722,502 $ 660,389 $ 407,309 Tax-exempt interest income—net of disallowed interest expense (295,367 ) (390,986 ) (515,458 ) Cash surrender value of life insurance income (81,483 ) (172,759 ) (111,736 ) Other—net (39,804 ) 37,019 69,079 Income tax (benefit) $ 305,848 $ 133,663 $ (150,806 )
Schedule of deferred tax assets and deferred tax liabilities	The tax effects of temporary differences that give rise to significant amounts of deferred tax assets and deferred tax liabilities are presented below: 2015 2014 Deferred tax assets: Net operating losses and credits $ 2,975,497 $ 3,344,993 Net unrealized loss on securities available for sale 36,528 — Loans, principally due to difference in allowance for loan losses and deferred loan fees 602,622 564,662 Nonaccrual loan interest 14,884 44,495 Postretirement benefit accrual, deferred compensation 1,235,933 1,116,664 Other real estate owned 439,888 547,857 Other 474,988 704,429 Gross deferred tax asset 5,780,340 6,323,100 Valuation allowance — (176,778 ) Total deferred tax assets 5,780,340 6,146,322 Deferred tax liabilities: Net unrealized gain on securities available for sale — 345,400 Premises and equipment 157,906 138,158 Other 81,014 96,491 Total deferred tax liabilities 238,920 580,049 Net deferred tax assets $ 5,541,420 $ 5,566,273

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of financial instruments represent credit risk	Approximate Contractual Amount 2015 2014 Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ 35,843,000 $ 26,833,000 Commercial letters of credit 1,889,000 2,027,000
Schedule of future minimum lease payments	As of December 31, 2015, future minimum lease payments under all noncancelable lease agreements inclusive of sales tax and maintenance costs for the next five years and thereafter are as follows: 2016 $ 197,192 2017 243,020 2018 417,687 2019 380,296 2020 and Thereafter 3,127,524 $ 4,365,719

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of stock options	A summary of the status of the Company’s stock options as of December 31, 2015, 2014, and 2013, and changes during the years ended on those dates is presented below: 2015 2014 2013 Shares Average Exercise Price Remaining Contractual Life Aggregate Intrinsic Value Shares Average Exercise Price Remaining Contractual Life Shares Average Exercise Price Outstanding—beginning of year 49,277 $ 10.47 2.18 49,277 $ 10.47 3.18 89,877 $ 10.58 Granted — — — — — — Exercised — — — — — — Expired/Terminated (7,900 ) $ 13.41 — — (40,600 ) 10.71 Outstanding—end of year 41,377 $ 9.91 1.54 $ 5,775 49,277 $ 10.47 2.18 49,277 $ 10.47 Options exercisable at year-end 41,377 $ 9.91 1.54 $ 5,775 49,277 $ 10.47 2.18 49,277 $ 10.47 Shares available for grant 274,209 266,309 266,309

NET INCOME PER COMMON AND COM37

NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Schedule of basic and diluted net income per common and potential common share	The following schedule reconciles the numerators and denominator of the basic and diluted net income per common and potential common share for the years ended December 31, 2015, 2014, and 2013. Net Income Shares Per Share Year ended December 31, 2015 Basic earnings per share available to common stockholders $ 1,582,339 2,186,610 $ 0.72 Nonvested restricted stock grant — 21,143 (0.01 ) Effect of dilutive securities: options to purchase common shares — 16,500 — Diluted earnings per share $ 1,582,339 2,224,253 $ 0.71 Year ended December 31, 2014 Basic earnings per share available to common stockholders $ 1,571,838 2,166,818 $ 0.73 Nonvested restricted stock grant — 19,575 (0.01 ) Effect of dilutive securities: options to purchase common shares — — — Diluted earnings per share $ 1,571,838 2,186,393 $ 0.72 Year ended December 31, 2013 Basic earnings per share available to common stockholders $ 1,111,953 2,152,780 $ 0.52 Nonvested restricted stock grant — 12,830 (0.01 ) Effect of dilutive securities: options to purchase common shares — — — Diluted earnings per share $ 1,111,953 2,165,610 $ 0.51

FAIR VALUE OF FINANCIAL INSTR38

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Schedule of financial assets measured at fair value on a recurring and nonrecurring basis	The following tables present financial assets measured at fair value on a recurring and nonrecurring basis and the change in fair value for those specific financial instruments in which fair value has been elected. There were no financial liabilities measured at fair value for the periods being reported (in thousands): Fair Value Measurements at December 31, 2015 Assets Quoted Prices Significant Significant Recurring Basis: Assets Securities available for sale: State, county, and municipal securities $ 29,457 $ — $ 29,457 $ — Mortgage-backed securities 91,800 — 91,800 — Corporate securities 2,001 — 2,001 — 123,258 123,258 Nonrecurring Basis: Assets Impaired loans: Commercial Real Estate $ 8,842 $ — $ — $ 8,842 Single-family Residential 317 — — 317 Other real estate owned 4,463 — — 4,463 13,622 13,622 Fair Value Measurements at December 31, 2014 Assets Quoted Prices Significant Significant Recurring Basis: Assets Securities available for sale: State, county, and municipal securities $ 29,693 $ — $ 29,693 $ — Mortgage-backed securities 86,915 — 86,915 — Corporate securities 10,003 — 10,003 — 126,611 126,611 Nonrecurring Basis: Assets Impaired loans: Commercial Real Estate $ 9,696 $ — $ — $ 9,696 Single-family Residential 229 — — 229 Construction and Development 219 — — 219 Other real estate owned 4,668 — — 4,668 14,812 14,812
Schedule of assets and liabilities measured on recurring or non-recurring basis	For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of December 31, 2015, the significant unobservable inputs used in the fair value measurements were as follows (dollars in thousands): Commercial Real Estate $ 8,842 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5%-20% Single-family Residential $ 317 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5%-20% OREO $ 4,463 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5%-20%
Schedule of carrying values and estimated fair values of financial instruments	The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of December 31, 2015 (in thousands): December 31, 2015 Carrying Fair Value Measurements Amount Total Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 2,577 $ 2,577 $ 2,577 $ — $ — Federal funds sold 16,500 16,500 16,500 $ — $ — Interest-bearing deposits with banks 29,819 29,819 29,819 — — Certificates of deposit 900 900 900 — — Investment securities 123,258 123,258 — 123,258 — Other investments 965 965 965 — — Loans-net 184,837 183,929 — — 183,929 Cash surrender value of life insurance 10,090 10,090 10,090 — — Financial liabilities: Deposits $ 328,862 $ 329,211 $ 212,820 $ 116,391 $ — Advances from Federal Home Loan Bank 5,235 5,235 — 5,235 — Notional Amount Estimated Fair Value Off-balance-sheet financial instruments: Commitments to extend credit $ 35,843 $ — Commercial letters of credit 1,889 — The carrying values and estimated fair values of the Company’s financial instruments at December 31, 2014 are as follows (in thousands): December 31, 2014 Carrying Fair Value Measurements Amount Total Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 2,758 $ 2,758 $ 2,758 $ — $ — Interest-bearing deposits with banks 45,653 45,653 45,653 — — Certificates of deposit 350 350 350 — — Investment securities 126,851 126,854 — 126,854 — Other investments 792 792 792 — — Loans-net 188,739 188,195 — — 188,195 Cash surrender value of life insurance 10,082 10,082 10,082 — — Financial liabilities: Deposits $ 340,889 $ 341,719 $ 201,994 $ 139,725 $ — Advances from Federal Home Loan Bank 254 254 — 254 — Notional Amount Estimated Fair Value Off-balance-sheet financial instruments: Commitments to extend credit $ 26,883 $ — Commercial letters of credit 2,027 —

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Schedule of actual capital amounts and ratios	The Company’s and the Bank’s actual capital amounts and ratios are also presented in the table below (in thousands): To Be Well For Capital Capitalized Under Adequacy Prompt Corrective Actual Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015 Total capital (to risk weighted assets): Consolidated $ 49,786 20 % $ 19,546 8.0 % N/A N/A Bank 50,528 21 % 19,179 8.0 % $ 23,974 10.0 % Tier I common equity (to risk weighted assets): Consolidated 47,662 20 % 10,995 4.5 % N/A N/A Bank 48,404 20 % 10,788 4.5 % 10,788 4.5 % Tier I capital (to risk weighted assets): Consolidated 47,662 20 % 9,773 4.0 % N/A N/A Bank 48,404 20 % 9,589 4.0 % 19,179 8.0 % Tier I capital (to average assets): Consolidated 47,662 12 % 15,367 4.0 % N/A N/A Bank 48,404 13 % 15,343 4.0 % 19,179 5.0 % As of December 31, 2014 Total capital (to risk weighted assets): Consolidated $ 45,943 19 % $ 18,854 8.0 % N/A N/A Bank 45,500 19 % 18,822 8.0 % $ 23,527 10.0 % Tier I capital (to risk weighted assets): Consolidated 43,644 19 % 9,427 4.0 % N/A N/A Bank 43,201 18 % 9,411 4.0 % 14,116 6.0 % Tier I capital (to average assets): Consolidated 43,644 11 % 15,779 4.0 % N/A N/A Bank 43,201 11 % 15,763 4.0 % 19,704 5.0 %

RELATED-PARTY TRANSACTIONS (Tab

RELATED-PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Schedule of the activity of related party loans	The following table summarizes the activity in these loans during 2015 and 2014: Years Ended December 31, 2015 2014 Balance at beginning of year $ 11,971,312 $ 14,522,184 New loans 438,528 2,841,922 Repayments (6,610,768 ) (5,392,794 ) Balance—end of year $ 5,799,072 $ 11,971,312

SUPPLEMENTARY INCOME STATEMEN41

SUPPLEMENTARY INCOME STATEMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of the components of other operating expenses in excess of 1% of total interest income and other income	Components of other operating expenses in excess of 1% of total interest income and other income in any of the respective years are approximately as follows: For the years ended 2015 2014 2013 Professional services—legal $ 306,875 $ 309,411 $ 438,208 Professional services—other 490,553 598,451 723,505 Stationery and supplies 144,518 144,702 200,116 Data processing 711,753 695,863 664,240 Telephone 246,274 284,260 305,279 FDIC insurance premium 325,000 329,000 533,447 Amortization of core deposit intangible 471,918 471,918 471,918 Security and protection expense 368,565 394,980 389,614 Advertising and Marketing 148,702 126,082 154,389 Other benefit expenses 287,401 165,276 336,066 Other miscellaneous expenses 1,638,763 1,990,232 1,751,862 $ 5,140,322 $ 5,510,175 $ 5,968,644

CONDENSED FINANCIAL INFORMATI42

CONDENSED FINANCIAL INFORMATION OF CITIZENS BANCSHARES CORPORATION (PARENT ONLY) (Tables)	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Schedule of condensed balance sheet	December 31, December 31, 2015 2014 Balance Sheets Assets: Cash $ 31,898 $ 119,075 Investment in Bank 49,692,045 49,123,228 Other assets 722,572 400,698 $ 50,446,515 $ 49,643,001 Liabilities and stockholders’ equity: Total liabilities $ 70,319 $ 76,456 Stockholders’ equity 50,376,196 49,566,545 $ 50,446,515 $ 49,643,001
Schedule of condensed income statement	For the Years Ended December 31, 2015 2014 2013 Statements of Income Dividends from subsidiary $ 714,000 $ 671,000 $ 500,000 Other revenue — 3,426 — Total revenue 714,000 674,426 500,000 Total expenses 526,256 232,616 291,771 Income (loss) before income tax benefit and equity in undistributed earnings of the subsidiary 187,744 441,810 208,229 Income tax benefit 321,207 79,089 92,356 Income (loss) before equity in undistributed earnings of the subsidiary 508,951 520,899 300,585 Equity in undistributed earnings of the subsidiary 1,310,208 1,287,759 1,048,188 Net income $ 1,819,159 $ 1,808,658 $ 1,348,773
Schedule of condensed cash flow statement	Years Ended December 31, 2015 2014 2013 Statements of Cash Flows Cash flows from operating activities— Net income $ 1,819,159 $ 1,808,658 $ 1,348,773 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of the subsidiary (1,310,208 ) (1,287,759 ) (1,048,188 ) Restricted stock based compensation plan (1,648 ) (8,164 ) (106,829 ) Change in other assets (321,874 ) (79,089 ) (92,357 ) Change in other liabilities (6,137 ) (30,628 ) (6,398 ) Net cash provided by operating activities 179,292 403,018 95,001 Cash flows from financing activities: Common stock dividend paid (172,316 ) (171,744 ) (171,744 ) Preferred stock dividend paid (236,820 ) (236,820 ) (236,820 ) Net purchase of treasury stock — — (61,423 ) Proceeds from issuance of common stock 191,070 114,784 180,657 Purchase of treasury stock (48,403 ) — — Net cash used in financing activities (266,469 ) (293,780 ) (289,330 ) Net change in cash (87,177 ) 109,238 (194,329 ) Cash: Beginning of year 119,075 9,837 204,166 End of year $ 31,898 $ 119,075 $ 9,837 Supplemental disclosures of cash flow information: Cash paid during the year for: Income taxes $ 55,000 $ — $ 26,000

QUARTERLY FINANCIAL DATA (Table

QUARTERLY FINANCIAL DATA (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial data	The following table presents the Company’s quarterly financial data for the years ended December 31, 2015 and 2014 (amounts in thousands, except per share amounts): First Quarter 2015 Second Quarter 2015 Third Quarter 2015 Fourth Quarter 2015 Interest Income $ 3,174 $ 3,164 $ 3,367 $ 3,063 Interest expense 184 179 172 165 Net Interest income 2,990 2,985 3,195 2,898 Provision for loan losses 75 50 75 (100 ) Non-interest income 1,164 1,059 1,069 1,309 Non-interest expense 3,558 3,580 3,662 3,644 Income before income taxes 521 414 527 663 Income tax expense 93 66 107 40 Net income 428 348 420 623 Preferred dividends 59 59 59 60 Net income available to common stockholders $ 369 $ 289 $ 361 $ 563 Net income per common share - basic $ 0.17 $ 0.13 $ 0.16 $ 0.26 Net income per common share - diluted $ 0.17 $ 0.13 $ 0.16 $ 0.25 First Quarter 2014 Second Quarter 2014 Third Quarter 2014 Fourth Quarter 2014 Interest Income $ 3,376 $ 3,387 $ 3,333 $ 3,266 Interest expense 212 211 211 199 Net Interest income 3,164 3,176 3,122 3,067 Provision for loan losses — — — 75 Non-interest income 979 1,017 990 1,454 Non-interest expense 3,644 3,623 3,758 3,927 Income before income taxes 499 570 354 519 Income tax expense (benefit) 83 97 (22 ) (24 ) Net income 416 473 376 543 Preferred dividends 59 59 59 59 Net income available to common stockholders $ 357 $ 414 $ 317 $ 484 Net income per common share - basic $ 0.17 $ 0.19 $ 0.15 $ 0.22 Net income per common share - diluted $ 0.16 $ 0.19 $ 0.15 $ 0.22

SUMMARY OF SIGNIFICANT ACCOUN44

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - Subsidiaries [Member]	12 Months Ended
	Dec. 31, 2015N
Atlanta [Member]
Entity Location [Line Items]
Number of full-service financial centers	7
Columbus [Member]
Entity Location [Line Items]
Number of full-service financial centers	1
Birmingham [Member]
Entity Location [Line Items]
Number of full-service financial centers	1
Eutaw [Member]
Entity Location [Line Items]
Number of full-service financial centers	1

SUMMARY OF SIGNIFICANT ACCOUN45

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative 2) - USD ($)	Aug. 13, 2010	Dec. 31, 2015	Dec. 31, 2014	Sep. 17, 2010
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Number of preferred shares exchanged	7,462
Monetary consideration exchanged in connection with the Exchange Transaction	$ 1,000
Series B and Series C Preferred Stock [Member]
Class of Stock [Line Items]
Number of preferred shares issued				11,841
Cumulative dividend payment for first eight years after closing date (as a percent)		2.00%
Period for which preferred stock dividend rate is 2%		8 years
Cumulative dividend payment after the first eight years of closing date (as a percent)		9.00%
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Number of preferred shares issued		7,462	7,462
Monetary consideration exchanged in connection with the Exchange Transaction	$ 1,000
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Number of preferred shares issued		4,379	4,379

SUMMARY OF SIGNIFICANT ACCOUN46

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative 3) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Investment Securities
Investment securities classified as trading securities	$ 0	$ 0	$ 0
Other-than-temporary impairment for securities	$ 0	$ 0	$ 0
Cash Reserve Requirement Average Demand Deposit Criterion One [Member]
Tax Credit Carryforward Period [Domain]
Cash reserve requirement, deposit with FRB as a percentage of daily average demand deposit balance	3.00%
Cash Reserve Requirement Average Demand Deposit Criterion Two [Member]
Tax Credit Carryforward Period [Domain]
Cash reserve requirement, deposit with FRB as a percentage of daily average demand deposit balance	10.00%
Minimum [Member] | Cash Reserve Requirement Average Demand Deposit Criterion One [Member]
Tax Credit Carryforward Period [Domain]
Cash reserve requirement, daily average demand deposit balance	$ 13,300,000
Minimum [Member] | Cash Reserve Requirement Average Demand Deposit Criterion Two [Member]
Tax Credit Carryforward Period [Domain]
Cash reserve requirement, daily average demand deposit balance	89,000,000
Maximum [Member] | Cash Reserve Requirement Average Demand Deposit Criterion One [Member]
Tax Credit Carryforward Period [Domain]
Cash reserve requirement, daily average demand deposit balance	$ 89,000,000

SUMMARY OF SIGNIFICANT ACCOUN47

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative 4) - $ / shares	Apr. 15, 2016	Feb. 03, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)			0	0	0
Restricted Stock [Member] | Officers and Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of nonvested shares of common stock issued to certain officers			11,500	11,885	13,500
Grant price (in dollars per share)			$ 9.10	$ 8.85	$ 6.30
Cliff vesting rights (as a percent)			100.00%	100.00%	100.00%
Restricted Stock [Member] | Officer [Member] | Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant price (in dollars per share)	$ 9.90	$ 8.75
Number of remaining nonvested shares of common stock issued to certain officers	1,550	300
Restricted Stock [Member] | Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of nonvested shares of common stock issued to certain officers			12,200	11,450
Grant price (in dollars per share)			$ 8.75	$ 8.04
Cliff vesting rights (as a percent)				100.00%
Vesting rights (as a percent)			100.00%

SUMMARY OF SIGNIFICANT ACCOUN48

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2015
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	40 years
Furniture and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Furniture and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years

SUMMARY OF SIGNIFICANT ACCOUN49

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Transactions in other real estate owned
Balance-beginning of year	$ 4,668,152	$ 7,404,437
Additions	976,356	1,200,627	$ 3,901,588
Sales	(964,496)	(3,410,784)
Write downs	(217,217)	(526,128)	(615,839)
Balance-end of year	$ 4,462,795	$ 4,668,152	$ 7,404,437

SUMMARY OF SIGNIFICANT ACCOUN50

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Period over which the deposit assumption premiums are amortized	7 years
Gross Carrying Amount, Goodwill	$ 362,139	$ 362,139
Amortized intangible asset:
Gross Carrying Amount, Core deposit intangibles	3,303,427	3,303,427
Accumulated Amortization, Core deposit intangibles	3,185,447	2,713,529
Aggregate amortization expense of core deposit intangibles	$ 471,918	$ 471,918	$ 471,918

SUMMARY OF SIGNIFICANT ACCOUN51

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4)	Dec. 31, 2015USD ($)
Estimated aggregate amortization expense of core deposit intangibles
2,016	$ 117,980
2017 and thereafter

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Amortized Cost	$ 123,365,548	$ 125,594,822
Gross Unrealized Gains	1,288,757	2,086,041
Gross Unrealized Losses	1,396,084	1,070,052
Total	123,258,221	126,610,811
State, county and municipal securities [Member]
Amortized Cost	28,247,652	28,179,407
Gross Unrealized Gains	1,223,305	$ 1,513,824
Gross Unrealized Losses	13,764
Total	29,457,193	$ 29,693,231
Mortgage Backed Securities [Member]
Amortized Cost	93,117,896	87,548,174
Gross Unrealized Gains	64,860	436,580
Gross Unrealized Losses	1,382,320	1,070,052
Total	91,800,436	86,914,702
Corporate Securities [Member]
Amortized Cost	2,000,000	9,867,241
Gross Unrealized Gains	$ 592	$ 135,637
Gross Unrealized Losses
Total	$ 2,000,592	$ 10,002,878

INVESTMENTS (Details 2)

INVESTMENTS (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015
Amortized Cost	$ 240,000
Fair Value	243,118
State, county and municipal securities [Member]
Amortized Cost	240,000
Gross Unrealized Gains	$ 3,118
Gross Unrealized Losses
Fair Value	$ 243,118

INVESTMENTS (Details 3)

INVESTMENTS (Details 3) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Available for Sale, Amortized Cost
Due in one year or less	$ 2,201,764
Due after one year through five years	5,233,907
Due after five years through ten years	31,068,097
Due after ten years	84,861,780
Total	123,365,548
Available for Sale, Fair Value
Due in one year or less	2,202,958
Due after one year through five years	5,381,576
Due after five years through ten years	32,018,963
Due after ten years	83,654,724
Total	$ 123,258,221	$ 126,610,811
Held to Maturity, Amortized Cost
Total		240,000
Held to Maturity, Fair Value
Total		$ 243,118

INVESTMENTS (Details 4)

INVESTMENTS (Details 4) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Available-for-sale securities
Less Than 12 Months, Fair Value	$ 66,120,091	$ 15,383,833
Less Than 12 Months, Unrealized Losses	(736,040)	(151,511)
12 Months Or Longer, Fair Value	21,332,785	40,642,844
12 Months Or Longer, Unrealized Losses	(660,044)	(918,541)
Total Fair Value	87,452,876	56,026,677
Total Unrealized Losses	(1,396,084)	$ (1,070,052)
State, county and municipal securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	2,587,274
Less Than 12 Months, Unrealized Losses	$ (13,764)
12 Months Or Longer, Fair Value
12 Months Or Longer, Unrealized Losses
Total Fair Value	$ 2,587,274
Total Unrealized Losses	(13,764)
Mortgage Backed Securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	63,532,817	$ 15,383,833
Less Than 12 Months, Unrealized Losses	(722,276)	(151,511)
12 Months Or Longer, Fair Value	21,332,785	40,642,844
12 Months Or Longer, Unrealized Losses	(660,044)	(918,541)
Total Fair Value	84,865,602	56,026,677
Total Unrealized Losses	$ (1,382,320)	$ (1,070,052)
Corporate Securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value
Less Than 12 Months, Unrealized Losses
12 Months Or Longer, Fair Value
12 Months Or Longer, Unrealized Losses
Total Fair Value
Total Unrealized Losses

INVESTMENTS (Details Narrative)

INVESTMENTS (Details Narrative)	12 Months Ended
	Dec. 31, 2015USD ($)N	Dec. 31, 2014USD ($)N	Dec. 31, 2013USD ($)
Securities pledged as collateral
Securities pledged to secure public funds on deposit and for other purposes as required by law, FHLB advances	$ 93,161,000	$ 99,299,000
Line of credit at Federal Reserve Bank discount window	23,500,000
Gross realized gains (losses) on securities
Proceeds from sale of securities	$ 19,292,000		$ 2,268,000
Gross realized gains
Number of investment securities in an unrealized loss position for more than 12 months | N	15	21

LOANS RECEIVABLE AND ALLOWANC57

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	$ 186,961,000	$ 191,038,000
Allowance for loan losses	2,124,000	2,299,000
Loans, net	184,836,417	188,739,072
Commercial Financial and Agricultural Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	42,748,000	33,308,000
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	104,093,000	116,437,000
Single Family Residential Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	31,096,000	31,940,000
Construction and Development Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	2,220,000	2,925,000
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	$ 6,804,000	$ 6,428,000

LOANS RECEIVABLE AND ALLOWANC58

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Activity in allowance for loan losses by portfolio segment
Beginning balance	$ 2,299,000	$ 3,157,000	$ 3,509,000
Provision for loan losses	100,000	75,000	425,000
Loans charged-off	(603,000)	(1,358,000)	(1,485,000)
Recoveries on loans charged-off	328,000	425,000	708,000
Ending Balance	2,124,000	2,299,000	3,157,000
Commercial Financial and Agricultural Portfolio Segment [Member]
Activity in allowance for loan losses by portfolio segment
Beginning balance	415,000	384,000	433,000
Provision for loan losses	$ (101,000)	(12,000)	(68,000)
Loans charged-off		(9,000)	(22,000)
Recoveries on loans charged-off	$ 28,000	52,000	41,000
Ending Balance	342,000	415,000	384,000
Commercial Real Estate Portfolio Segment [Member]
Activity in allowance for loan losses by portfolio segment
Beginning balance	1,366,000	1,721,000	1,853,000
Provision for loan losses	(261,000)	27,000	127,000
Loans charged-off	(138,000)	(562,000)	(710,000)
Recoveries on loans charged-off	203,000	180,000	451,000
Ending Balance	1,170,000	1,366,000	1,721,000
Single Family Residential Mortgage [Member]
Activity in allowance for loan losses by portfolio segment
Beginning balance	254,000	731,000	803,000
Provision for loan losses	423,000	(129,000)	361,000
Loans charged-off	(268,000)	(468,000)	(554,000)
Recoveries on loans charged-off	26,000	120,000	121,000
Ending Balance	435,000	254,000	731,000
Construction and Development Portfolio Segment [Member]
Activity in allowance for loan losses by portfolio segment
Beginning balance	72,000	126,000	177,000
Provision for loan losses	$ (75,000)	69,000	(56,000)
Loans charged-off		(137,000)	(30,000)
Recoveries on loans charged-off	$ 6,000	14,000	35,000
Ending Balance	3,000	72,000	126,000
Consumer Portfolio Segment [Member]
Activity in allowance for loan losses by portfolio segment
Beginning balance	192,000	195,000	243,000
Provision for loan losses	114,000	120,000	61,000
Loans charged-off	(197,000)	(182,000)	(169,000)
Recoveries on loans charged-off	65,000	59,000	60,000
Ending Balance	$ 174,000	$ 192,000	$ 195,000

LOANS RECEIVABLE AND ALLOWANC59

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 3) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Allocation of allowance for loan losses by portfolio segment
Specific Reserves, Impaired loans	$ 650,000	$ 142,000
Total specific reserves	650,000	142,000
General reserves	1,474,000	2,157,000
Total	2,124,000	2,299,000	$ 3,157,000	$ 3,509,000
Loans individually evaluated for impairment	9,809,000	10,286,000
Loans collectively evaluated for impairment	177,152,000	180,752,000
Total	$ 186,961,000	$ 191,038,000
Commercial Financial and Agricultural Portfolio Segment [Member]
Allocation of allowance for loan losses by portfolio segment
Specific Reserves, Impaired loans
Total specific reserves
General reserves	$ 342,000	$ 415,000
Total	$ 342,000	$ 415,000	384,000	433,000
Loans individually evaluated for impairment
Loans collectively evaluated for impairment	$ 42,748,000	$ 33,308,000
Total	42,748,000	33,308,000
Commercial Real Estate Portfolio Segment [Member]
Allocation of allowance for loan losses by portfolio segment
Specific Reserves, Impaired loans	550,000	91,000
Total specific reserves	550,000	91,000
General reserves	620,000	1,275,000
Total	1,170,000	1,366,000	1,721,000	1,853,000
Loans individually evaluated for impairment	9,392,000	9,787,000
Loans collectively evaluated for impairment	94,701,000	106,650,000
Total	104,093,000	116,437,000
Single Family Residential Mortgage [Member]
Allocation of allowance for loan losses by portfolio segment
Specific Reserves, Impaired loans	100,000	51,000
Total specific reserves	100,000	51,000
General reserves	335,000	203,000
Total	435,000	254,000	731,000	803,000
Loans individually evaluated for impairment	417,000	280,000
Loans collectively evaluated for impairment	30,679,000	31,660,000
Total	$ 31,096,000	$ 31,940,000
Construction and Development Portfolio Segment [Member]
Allocation of allowance for loan losses by portfolio segment
Specific Reserves, Impaired loans
Total specific reserves
General reserves	$ 3,000	$ 72,000
Total	$ 3,000	72,000	126,000	177,000
Loans individually evaluated for impairment		219,000
Loans collectively evaluated for impairment	$ 2,220,000	2,706,000
Total	$ 2,220,000	$ 2,925,000
Consumer Portfolio Segment [Member]
Allocation of allowance for loan losses by portfolio segment
Specific Reserves, Impaired loans
Total specific reserves
General reserves	$ 174,000	$ 192,000
Total	$ 174,000	$ 192,000	$ 195,000	$ 243,000
Loans individually evaluated for impairment
Loans collectively evaluated for impairment	$ 6,804,000	$ 6,428,000
Total	$ 6,804,000	$ 6,428,000

LOANS RECEIVABLE AND ALLOWANC60

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 4) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Impaired Loans - With Allowance, Unpaid Principal	$ 4,940,000	$ 278,000
Impaired Loans - With Allowance, Recorded Investment	4,940,000	278,000
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated	650,000	142,000
Impaired Loans - With no Allowance, Unpaid Principal	5,427,000	10,936,000
Impaired Loans - With no Allowance, Recorded Investment	4,869,000	10,008,000
Average Recorded Investment	10,554,000	10,278,000
Interest Income Recognized	627,000	1,016,000
Single Family Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated	$ 100,000	$ 51,000
Commercial Financial and Agricultural Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated	$ 550,000	$ 91,000
Construction and Development Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Consumer Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans - With Allowance, Unpaid Principal
Impaired Loans - With Allowance, Recorded Investment
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Impaired Loans - With no Allowance, Unpaid Principal
Impaired Loans - With no Allowance, Recorded Investment
Average Recorded Investment
First Mortgage [Member] | Single Family Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans - With Allowance, Unpaid Principal
Impaired Loans - With Allowance, Recorded Investment
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Impaired Loans - With no Allowance, Unpaid Principal
Impaired Loans - With no Allowance, Recorded Investment
Average Recorded Investment
Interest Income Recognized
Home Equity Line of Credit [Member] | Single Family Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans - With Allowance, Unpaid Principal	$ 134,000	$ 102,000
Impaired Loans - With Allowance, Recorded Investment	134,000	102,000
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated	100,000	51,000
Impaired Loans - With no Allowance, Unpaid Principal	304,000	178,000
Impaired Loans - With no Allowance, Recorded Investment	283,000	178,000
Average Recorded Investment	209,000	86,000
Interest Income Recognized	$ 43,000	$ 35,000
Secured Financing Receivable [Member] | Commercial Financial and Agricultural Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans - With Allowance, Unpaid Principal
Impaired Loans - With Allowance, Recorded Investment
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Impaired Loans - With no Allowance, Unpaid Principal
Impaired Loans - With no Allowance, Recorded Investment
Average Recorded Investment
Interest Income Recognized
Unsecured Financing Receivable [Member] | Commercial Financial and Agricultural Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans - With Allowance, Unpaid Principal
Impaired Loans - With Allowance, Recorded Investment
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Impaired Loans - With no Allowance, Unpaid Principal
Impaired Loans - With no Allowance, Recorded Investment
Average Recorded Investment
Interest Income Recognized
Owner Occupied Financing Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans - With Allowance, Unpaid Principal	$ 4,115,000	$ 81,000
Impaired Loans - With Allowance, Recorded Investment	4,115,000	81,000
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated	356,000	81,000
Impaired Loans - With no Allowance, Unpaid Principal	4,456,000	8,014,000
Impaired Loans - With no Allowance, Recorded Investment	3,972,000	7,457,000
Average Recorded Investment	8,666,000	7,575,000
Interest Income Recognized	391,000	$ 717,000
Non Owner Occupied Financing Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans - With Allowance, Unpaid Principal	691,000
Impaired Loans - With Allowance, Recorded Investment	691,000
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated	194,000
Impaired Loans - With no Allowance, Unpaid Principal	667,000	$ 2,388,000
Impaired Loans - With no Allowance, Recorded Investment	614,000	2,154,000
Average Recorded Investment	1,679,000	2,228,000
Interest Income Recognized	$ 193,000	165,000
Multi Family Financing Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans - With Allowance, Unpaid Principal		95,000
Impaired Loans - With Allowance, Recorded Investment		95,000
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated		$ 10,000
Impaired Loans - With no Allowance, Unpaid Principal
Impaired Loans - With no Allowance, Recorded Investment
Average Recorded Investment		$ 97,000
Interest Income Recognized		$ 69,000
Construction Financing Receivable [Member] | Construction and Development Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans - With Allowance, Unpaid Principal
Impaired Loans - With Allowance, Recorded Investment
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Impaired Loans - With no Allowance, Unpaid Principal		$ 356,000
Impaired Loans - With no Allowance, Recorded Investment		219,000
Average Recorded Investment		292,000
Interest Income Recognized		$ 30,000
Improved Land Financing Receivable [Member] | Construction and Development Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans - With Allowance, Unpaid Principal
Impaired Loans - With Allowance, Recorded Investment
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Impaired Loans - With no Allowance, Unpaid Principal
Impaired Loans - With no Allowance, Recorded Investment
Average Recorded Investment
Interest Income Recognized
Unimproved Land Financing Receivable [Member] | Construction and Development Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans - With Allowance, Unpaid Principal
Impaired Loans - With Allowance, Recorded Investment
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Impaired Loans - With no Allowance, Unpaid Principal
Impaired Loans - With no Allowance, Recorded Investment
Average Recorded Investment
Interest Income Recognized

LOANS RECEIVABLE AND ALLOWANC61

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 5) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Total Past Due	$ 6,160,000	$ 9,182,000
Current	180,801,000	181,856,000
Total	186,961,000	191,038,000
Recorded Investment > 90 Days and Accruing	35,000	35,000
Nonaccrual	3,016,000	4,160,000
30 to 59 Days Past Due [Member]
Total Past Due	3,255,000	4,673,000
60 to 89 Days Past Due [Member]
Total Past Due	1,951,000	2,864,000
Equal to Greater than 90 Days Past Due [Member]
Total Past Due	954,000	1,645,000
Single Family Residential Mortgage [Member]
Total	31,096,000	31,940,000
Single Family Residential Mortgage [Member] | First Mortgage [Member]
Total Past Due	3,150,000	4,499,000
Current	19,253,000	19,960,000
Total	$ 22,403,000	24,459,000
Recorded Investment > 90 Days and Accruing		35,000
Nonaccrual	$ 1,246,000	1,513,000
Single Family Residential Mortgage [Member] | First Mortgage [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	1,581,000	2,273,000
Single Family Residential Mortgage [Member] | First Mortgage [Member] | 60 to 89 Days Past Due [Member]
Total Past Due	824,000	1,190,000
Single Family Residential Mortgage [Member] | First Mortgage [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due	745,000	1,036,000
Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member]
Total Past Due	456,000	794,000
Current	8,237,000	6,687,000
Total	$ 8,693,000	$ 7,481,000
Recorded Investment > 90 Days and Accruing
Nonaccrual	$ 250,000	$ 286,000
Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	224,000	60,000
Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member] | 60 to 89 Days Past Due [Member]
Total Past Due	59,000	550,000
Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due	173,000	184,000
Commercial Financial and Agricultural Portfolio Segment [Member]
Total	42,748,000	33,308,000
Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member]
Total Past Due	79,000	187,000
Current	36,144,000	28,232,000
Total	$ 36,223,000	$ 28,419,000
Recorded Investment > 90 Days and Accruing
Nonaccrual	$ 30,000
Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	$ 49,000
Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member] | 60 to 89 Days Past Due [Member]
Total Past Due		$ 187,000
Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due	$ 30,000
Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member]
Total Past Due
Current	$ 6,525,000	$ 4,889,000
Total	$ 6,525,000	$ 4,889,000
Recorded Investment > 90 Days and Accruing
Nonaccrual
Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member] | 30 to 59 Days Past Due [Member]
Total Past Due
Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member] | 60 to 89 Days Past Due [Member]
Total Past Due
Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due
Commercial Real Estate Portfolio Segment [Member]
Total	$ 104,093,000	$ 116,437,000
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member]
Total Past Due	1,267,000	995,000
Current	51,181,000	59,065,000
Total	$ 52,448,000	$ 60,060,000
Recorded Investment > 90 Days and Accruing
Nonaccrual	$ 933,000	$ 1,222,000
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	931,000	$ 767,000
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member] | 60 to 89 Days Past Due [Member]
Total Past Due	$ 336,000
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due		$ 228,000
Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member]
Total Past Due	$ 1,132,000	2,101,000
Current	45,684,000	42,425,000
Total	$ 46,816,000	$ 44,526,000
Recorded Investment > 90 Days and Accruing
Nonaccrual	$ 551,000	$ 1,026,000
Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	441,000	1,429,000
Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member] | 60 to 89 Days Past Due [Member]
Total Past Due	$ 691,000	588,000
Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due		84,000
Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member]
Total Past Due		457,000
Current	$ 4,829,000	11,394,000
Total	$ 4,829,000	$ 11,851,000
Recorded Investment > 90 Days and Accruing
Nonaccrual		$ 95,000
Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member] | 30 to 59 Days Past Due [Member]
Total Past Due		35,000
Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member] | 60 to 89 Days Past Due [Member]
Total Past Due		327,000
Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due		95,000
Construction and Development Portfolio Segment [Member]
Total	$ 2,220,000	$ 2,925,000
Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member]
Total Past Due
Current	$ 2,220,000	$ 2,759,000
Total	$ 2,220,000	$ 2,759,000
Recorded Investment > 90 Days and Accruing
Nonaccrual
Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member] | 30 to 59 Days Past Due [Member]
Total Past Due
Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member] | 60 to 89 Days Past Due [Member]
Total Past Due
Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due
Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member]
Total Past Due		$ 103,000
Current		63,000
Total		$ 166,000
Recorded Investment > 90 Days and Accruing
Nonaccrual
Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member] | 30 to 59 Days Past Due [Member]
Total Past Due		$ 103,000
Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member] | 60 to 89 Days Past Due [Member]
Total Past Due
Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due
Construction and Development Portfolio Segment [Member] | Unimproved Land Financing Receivable [Member]
Total Past Due
Current
Total
Recorded Investment > 90 Days and Accruing
Nonaccrual
Construction and Development Portfolio Segment [Member] | Unimproved Land Financing Receivable [Member] | 30 to 59 Days Past Due [Member]
Total Past Due
Construction and Development Portfolio Segment [Member] | Unimproved Land Financing Receivable [Member] | 60 to 89 Days Past Due [Member]
Total Past Due
Construction and Development Portfolio Segment [Member] | Unimproved Land Financing Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due
Consumer Portfolio Segment [Member]
Total Past Due	$ 76,000	$ 46,000
Current	6,728,000	6,382,000
Total	6,804,000	$ 6,428,000
Recorded Investment > 90 Days and Accruing	35,000
Nonaccrual	6,000	$ 18,000
Consumer Portfolio Segment [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	29,000	6,000
Consumer Portfolio Segment [Member] | 60 to 89 Days Past Due [Member]
Total Past Due	41,000	22,000
Consumer Portfolio Segment [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due	$ 6,000	$ 18,000

LOANS RECEIVABLE AND ALLOWANC62

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 6) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Total	$ 186,961,000	$ 191,038,000
Single Family Residential Mortgage [Member]
Total	31,096,000	31,940,000
Single Family Residential Mortgage [Member] | First Mortgage [Member]
Total	22,403,000	24,459,000
Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member]
Total	8,693,000	7,481,000
Commercial Financial and Agricultural Portfolio Segment [Member]
Total	42,748,000	33,308,000
Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member]
Total	36,223,000	28,419,000
Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member]
Total	6,525,000	4,889,000
Commercial Real Estate Portfolio Segment [Member]
Total	104,093,000	116,437,000
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member]
Total	52,448,000	60,060,000
Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member]
Total	46,816,000	44,526,000
Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member]
Total	4,829,000	11,851,000
Construction and Development Portfolio Segment [Member]
Total	2,220,000	2,925,000
Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member]
Total	$ 2,220,000	2,759,000
Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member]
Total		166,000
Construction and Development Portfolio Segment [Member] | Unimproved Land Financing Receivable [Member]
Total
Consumer Portfolio Segment [Member]
Total	$ 6,804,000	6,428,000
Pass [Member]
Total	175,677,000	169,587,000
Pass [Member] | Single Family Residential Mortgage [Member] | First Mortgage [Member]
Total	20,729,000	22,168,000
Pass [Member] | Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member]
Total	8,004,000	6,346,000
Pass [Member] | Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member]
Total	36,193,000	28,419,000
Pass [Member] | Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member]
Total	6,525,000	4,889,000
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member]
Total	45,275,000	50,603,000
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member]
Total	45,458,000	37,750,000
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member]
Total	4,524,000	10,353,000
Pass [Member] | Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member]
Total	$ 2,220,000	2,540,000
Pass [Member] | Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member]
Total		127,000
Pass [Member] | Construction and Development Portfolio Segment [Member] | Unimproved Land Financing Receivable [Member]
Total
Pass [Member] | Consumer Portfolio Segment [Member]
Total	$ 6,749,000	6,392,000
Special Mention [Member]
Total	$ 2,082,000	$ 11,447,000
Special Mention [Member] | Single Family Residential Mortgage [Member] | First Mortgage [Member]
Total
Special Mention [Member] | Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member]
Total	$ 66,000	$ 557,000
Special Mention [Member] | Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member]
Total
Special Mention [Member] | Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member]
Total
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member]
Total	$ 1,604,000	$ 4,673,000
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member]
Total	107,000	4,805,000
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member]
Total	$ 305,000	$ 1,368,000
Special Mention [Member] | Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member]
Total
Special Mention [Member] | Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member]
Total		$ 39,000
Special Mention [Member] | Construction and Development Portfolio Segment [Member] | Unimproved Land Financing Receivable [Member]
Total
Special Mention [Member] | Consumer Portfolio Segment [Member]
Total		5,000
Substandard [Member]
Total	$ 9,034,000	9,802,000
Substandard [Member] | Single Family Residential Mortgage [Member] | First Mortgage [Member]
Total	1,651,000	2,291,000
Substandard [Member] | Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member]
Total	$ 547,000	$ 476,000
Substandard [Member] | Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member]
Total
Substandard [Member] | Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member]
Total
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member]
Total	$ 5,569,000	$ 4,702,000
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member]
Total	$ 1,251,000	1,971,000
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member]
Total		130,000
Substandard [Member] | Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member]
Total		$ 219,000
Substandard [Member] | Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member]
Total
Substandard [Member] | Construction and Development Portfolio Segment [Member] | Unimproved Land Financing Receivable [Member]
Total
Substandard [Member] | Consumer Portfolio Segment [Member]
Total	$ 16,000	$ 13,000
Doubtful [Member]
Total	168,000	$ 202,000
Doubtful [Member] | Single Family Residential Mortgage [Member] | First Mortgage [Member]
Total	23,000
Doubtful [Member] | Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member]
Total	76,000	$ 102,000
Doubtful [Member] | Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member]
Total	$ 30,000
Doubtful [Member] | Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member]
Total
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member]
Total		$ 82,000
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member]
Total
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member]
Total
Doubtful [Member] | Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member]
Total
Doubtful [Member] | Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member]
Total
Doubtful [Member] | Construction and Development Portfolio Segment [Member] | Unimproved Land Financing Receivable [Member]
Total
Doubtful [Member] | Consumer Portfolio Segment [Member]
Total	$ 39,000	$ 18,000

LOANS RECEIVABLE AND ALLOWANC63

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 7) - Troubled Debt Restructuring [Member]	12 Months Ended
	Dec. 31, 2015USD ($)N	Dec. 31, 2014USD ($)N
Number of Contracts | N	5	2
Pre-Modification Outstanding Recorded Investment	$ 445,000	$ 90,000
Post-Modification Outstanding Recorded Investment	$ 445,000	$ 94,000
Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member]
Number of Contracts | N	5	2
Pre-Modification Outstanding Recorded Investment	$ 445,000	$ 90,000
Post-Modification Outstanding Recorded Investment	$ 445,000	$ 94,000

LOANS RECEIVABLE AND ALLOWANC64

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details Narrative) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Loans Receivable And Allowance For Loan Losses Details Narrative
Loans to area churches	$ 42,000,000	$ 41,900,000
Loans to area convenience stores	6,100,000	7,300,000
Loans to areas hotel	$ 15,600,000	$ 21,300,000

LOANS RECEIVABLE AND ALLOWANC65

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details Narrative 2)	12 Months Ended
	Dec. 31, 2015N	Dec. 31, 2014USD ($)N
Loans and Leases Receivable Disclosure [Abstract]
Minimum period of restructured loan past due	90 days
Minimum amount required for loan to be reviewed at least annually to determine appropriate loan grading | $		$ 750,000
Troubled Debt Restructurings that subsequently defaulted	0	0
Number of loans for modified Troubled Debt Restructurings	5	2

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Premises and equipment, gross	$ 19,669,795	$ 19,377,925
Less accumulated depreciation	13,533,770	12,982,492
Premises and equipment-net	6,136,025	6,395,433
Depreciation expense	551,278	547,150	$ 615,694
Land [Member]
Premises and equipment, gross	2,250,250	2,250,250
Building and Building Improvements [Member]
Premises and equipment, gross	7,789,226	7,692,420
Furniture and Equipment [Member]
Premises and equipment, gross	$ 9,630,319	$ 9,435,255

DEPOSITS (Details)

DEPOSITS (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Deposits Details
NOW and money market accounts	$ 89,469,976	$ 84,620,492
Savings accounts	34,807,189	33,555,840
Time deposits of $100,000 or more	86,914,226	108,109,124
Other time deposits	29,127,618	30,785,713
Total interest-bearing deposits	240,319,009	257,071,169
Time Deposits
CDARS deposits	21,020,000	24,789,000
Maturities of time deposits
2,016	82,233,470
2,017	22,087,739
2,018	8,814,472
2,019	1,174,234
2020 and thereafter	1,731,929
Total	116,041,844
Time deposits FDIC insurance limit of $250,000	$ 35,020,000	$ 47,478,000

OTHER BORROWINGS (Details)

OTHER BORROWINGS (Details) - USD ($)		Aug. 31, 2006	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Advances from Federal Home Loan Bank, August-2026			$ 5,234,707	$ 254,084
Maximum borrowing capacity			$ 23,500,000
Affordable Housing Program [Member]
Debt Instrument [Line Items]
Proceeds from AHP Award		$ 400,000
Interest rate (as a percent)		0.00%	0.49%
Total loans pledged as collateral			$ 27,033,000	31,727,000
Advances from Federal Home Loan Bank, December 2016			5,000,000
Advances from Federal Home Loan Bank, August-2026	[1]		234,707	254,084
Total Advances from Federal Home Loan Bank			5,234,707	$ 254,084
Federal Home Loan Bank Advances [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity			76,100,000
Amount outstanding under line of credit			25,200,000
Advances from Federal Home Loan Bank line of credit			5,235,000
Letter of credit to secure public deposits			20,000,000
Unsecure fed funds line of credit			4,000,000
Federal Reserve Bank Advances [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 23,500,000
[1]	$234,707 represents an Affordable Housing Program (AHP) award used to subsidize loans for homeownership or rental initiatives. The AHP is a principal reducing credit, scheduled to mature on August 17, 2026 with an interest rate of zero.

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Components of income tax expense
Current tax expense (benefit)									$ (100,933)	$ (33,783)	$ 49,090
Deferred tax expense (benefit)									406,781	167,446	(199,896)
Total income tax (benefit)	$ (40,000)	$ (107,000)	$ (66,000)	$ (93,000)	$ 24,000	$ 22,000	$ (97,000)	$ (83,000)	$ 305,848	$ 133,663	$ (150,806)
Reconciliation of income tax expense with the amounts computed by applying the statutory federal income tax rate
Effective income tax rate on continuing operations (as a percent)									34.00%	34.00%	34.00%
Income tax expense at statutory rate									$ 722,502	$ 660,389	$ 407,309
Tax-exempt interest income-net of disallowed interest expense									(295,367)	(390,986)	(515,458)
Cash surrender value of life insurance income									(81,483)	(172,759)	(111,736)
Other-net									(39,804)	37,019	69,079
Income tax (benefit)	(40,000)	$ (107,000)	$ (66,000)	$ (93,000)	24,000	$ 22,000	$ (97,000)	$ (83,000)	305,848	133,663	(150,806)
Valuation allowance
Decrease in valuation allowance											$ 176,778
Deferred tax assets:
Net operating losses and credits	2,975,497				$ 3,344,993				2,975,497	$ 3,344,993
Net unrealized loss on securities available for sale	36,528								36,528
Loans, principally due to difference in allowance for loan losses and deferred loan fees	602,622				$ 564,662				602,622	$ 564,662
Nonaccrual loan interest	14,884				44,495				14,884	44,495
Postretirement benefit accrual, deferred compensation	1,235,933				1,116,664				1,235,933	1,116,664
Other real estate owned	439,888				547,857				439,888	547,857
Other	474,988				704,429				474,988	704,429
Gross deferred tax asset	$ 5,780,340				6,323,100				$ 5,780,340	6,323,100
Valuation allowance					(176,778)					(176,778)
Total deferred tax assets	$ 5,780,340				6,146,322				$ 5,780,340	6,146,322
Deferred tax liabilities:
Net unrealized gain on securities available for sale					345,400					345,400
Premises and equipment	$ 157,906				138,158				$ 157,906	138,158
Other	81,014				96,491				81,014	96,491
Total deferred tax liabilities	238,920				580,049				238,920	580,049
Net deferred tax assets	$ 5,541,420				$ 5,566,273				$ 5,541,420	$ 5,566,273

INCOME TAXES (Details 2)

INCOME TAXES (Details 2)	Dec. 31, 2015USD ($)
Tax Credit Carryforward, Expiring Beginning in Year 1 [Member]
Operating Loss Carryforwards [Line Items]
Income tax credits	$ 408,069
Internal Revenue Service (IRS) [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	6,309,647
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 3,149,505

EMPLOYEE BENEFITS (Details)

EMPLOYEE BENEFITS (Details)	12 Months Ended
	Dec. 31, 2015USD ($)N	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Compensation and Retirement Disclosure [Abstract]
Employer matching contribution as a percentage of employee contributions	50.00%
Maximum percentage of employee's compensation eligible for employer contribution match	6.00%
Expenses recognized related to the 401 (k) plan	$ 93,000	$ 89,000	$ 96,000
Number of participants remaining in The Plans | N	8
Obligation to contribute to Post Retirement Benefit Plan in event of failure to produce positive returns	$ 0
Cash surrender value for the contracts	10,090,088	10,082,081
Amount recognized in noninterest expenses for the SERP and the Post Retirement Benefits Plans	287,000	165,000	336,000
Amount recognized in noninterest income related to the insurance contracts	240,000	304,000	329,000
Expenses incurred related to the Bonus Plan	$ 63,000	$ 46,000	$ 46,000

COMMITMENTS AND CONTINGENCIES72

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Commitments to Extend Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Approximate Contractual Amount	$ 35,843,000	$ 26,833,000
Letter of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Approximate Contractual Amount	$ 1,889,000	$ 2,027,000

COMMITMENTS AND CONTINGENCIES73

COMMITMENTS AND CONTINGENCIES (Details 2)	Nov. 01, 2015USD ($)	Jun. 01, 2007USD ($)	Jul. 01, 2007	Dec. 31, 2015USD ($)N	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2007USD ($)
Future minimum lease payments under all noncancelable lease agreements inclusive of sales tax and maintenance costs
2,016				$ 197,192
2,017				243,020
2,018				417,687
2,019				380,296
2020 and Thereafter				3,127,524
Total future minimum lease payments				4,365,719
Rent expense				561,000	$ 550,000	$ 542,000
Legal
Legal fees awarded							$ 200,000
Settlement amount in judgment levied against the company							$ 100,000
Plaintiff awarded damages amount					$ 104,900
Main Office [Member]
Operating Leased Assets [Line Items]
Lease term	12 years 2 months
Monthly payments required for the first year under lease	$ 26,291
Percentage of increase per year in monthly payments after first year	3.00%
Renewed Operating leases, monthly payments for next three years				6,300
Renewed Operating leases, monthly payments for next two years after first option				$ 6,722
Branch Location [Member]
Operating Leased Assets [Line Items]
Lease term		7 years
Number of renewal options | N				2
Term of renewal option				5 years
Operating leases, monthly payments for four years		$ 5,500
Monthly payment amount term one			4 years
Operating leases, monthly payments for three years		$ 6,000
Monthly payment amount term two			3 years

STOCK OPTIONS (Details)

STOCK OPTIONS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Shares
Outstanding-beginning of year (in shares)	49,277	49,277	89,877
Exercised (in shares)
Expired/Terminated (in shares)	(7,900)		(40,600)
Outstanding-end of year (in shares)	41,377	49,277	49,277
Options exercisable at year-end (in shares)	41,377	49,277	49,277
Shares available for grant	274,209	266,309	266,309
Weighted Average Exercise Price
Outstanding-beginning of year (in dollars per share)	$ 10.47	$ 10.47	$ 10.58
Expired/Terminated (in dollars per share)	13.41		10.71
Outstanding-end of year (in dollars per share)	9.91	10.47	10.47
Options exercisable at year-end (in dollars per share)	$ 9.91	$ 10.47	$ 10.47
Additional information
Outstanding, Weighted Average Remaining Contractual Life	2 years 2 months 5 days	3 years 2 months 5 days
Options exercisable at year-end, Weighted Average Remaining Contractual Life	1 year 6 months 14 days	2 years 2 months 5 days
Outstanding-end of year, Aggregate Intrinsic Value	$ 5,775
Options exercisable at year-end, Aggregate Intrinsic Value	5,775
Additional information
Total compensation cost recognized	$ 0
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of the stock incentive option	10 years
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of outstanding common stock owned by a participant	10.00%
Participant With More Than 10 Percent Ownership Interest [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of the stock incentive option	5 years
Participant With More Than 10 Percent Ownership Interest [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase price as a percentage of the fair market value of common stock	110.00%

NET INCOME (LOSS) PER COMMON AN

NET INCOME (LOSS) PER COMMON AND COMMON EQUIVALENT SHARE (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Abstract]
Potentially dilutive options outstanding									24,877	49,277	49,277
Net Income (Numerator)
Basic earnings (loss) available to common stockholders	$ 563,000	$ 361,000	$ 289,000	$ 369,000	$ 484,000	$ 317,000	$ 414,000	$ 357,000	$ 1,582,339	$ 1,571,838	$ 1,111,953
Nonvested restricted stock grant
Effect of dilutive securities: options to purchase common shares
Diluted earnings (loss)									$ 1,582,339	$ 1,571,838	$ 1,111,953
Shares (Denominator)
Basic (in shares)									2,186,610	2,166,818	2,152,780
Nonvested restricted stock grant (in shares)									21,143	19,575	12,830
Effect of dilutive securities: options to purchase common shares (in shares)									16,500
Diluted (in shares)									2,224,253	2,186,393	2,165,610
Per Share Amount
Basic earnings (loss) per share available to common stockholders (in dollars per share)	$ 0.26	$ 0.16	$ 0.13	$ 0.17	$ 0.22	$ 0.15	$ 0.19	$ 0.17	$ 0.72	$ 0.73	$ 0.52
Nonvested resticted stock grant (in dollars per share)									$ (0.01)	$ (0.01)	$ (0.01)
Effect of dilutive securities: options to purchase common shares (in dollars per shares)
Diluted earnings (loss) per share (in dollars per share)	$ 0.25	$ 0.16	$ 0.13	$ 0.17	$ 0.22	$ 0.15	$ 0.19	$ 0.16	$ 0.71	$ 0.72	$ 0.51

FAIR VALUE OF FINANCIAL INSTR76

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	$ 123,258,221	$ 126,610,811
Other real estate owned	4,462,795	4,668,152	$ 7,404,437
State, county and municipal securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	29,457,193	29,693,231
Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	91,800,436	86,914,702
Corporate Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	2,000,592	10,002,878
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans	8,842,000
Fair Value, Inputs, Level 3 [Member] | Single Family Residential Mortgage [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans	317,000
Fair Value, Inputs, Level 3 [Member] | Other real estate owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans	4,463,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	123,258,000	126,611,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | State, county and municipal securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	29,457,000	29,693,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	91,800,000	86,915,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	2,001,000	10,003,000
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	123,258,000	126,611,000
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | State, county and municipal securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	29,457,000	29,693,000
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	91,800,000	86,915,000
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Corporate Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	2,001,000	10,003,000
Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans and Other real estate owned	13,622,000	14,812,000
Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans	8,842,000	9,696,000
Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Single Family Residential Mortgage [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans	317,000	229,000
Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Other real estate owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	4,463,000	4,668,000
Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Construction and Development Portfolio Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans		219,000
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans and Other real estate owned	13,622,000	14,812,000
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans	8,842	9,696,000
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Single Family Residential Mortgage [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans	317,000	229,000
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other real estate owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 4,463,000	4,668,000
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Construction and Development Portfolio Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans		$ 219,000

FAIR VALUE OF FINANCIAL INSTR77

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 2) - Fair Value, Inputs, Level 3 [Member]	12 Months Ended
	Dec. 31, 2015USD ($)
Commercial Real Estate Portfolio Segment [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Collateral Dependent Impaired loans	$ 8,842,000
Commercial Real Estate Portfolio Segment [Member] | Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Negative adjustment for selling costs and changes in market conditions since appraisal (as a percent)	5.00%
Commercial Real Estate Portfolio Segment [Member] | Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Negative adjustment for selling costs and changes in market conditions since appraisal (as a percent)	20.00%
Single Family Residential Mortgage [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Collateral Dependent Impaired loans	$ 317,000
Single Family Residential Mortgage [Member] | Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Negative adjustment for selling costs and changes in market conditions since appraisal (as a percent)	5.00%
Single Family Residential Mortgage [Member] | Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Negative adjustment for selling costs and changes in market conditions since appraisal (as a percent)	20.00%
Other real estate owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Collateral Dependent Impaired loans	$ 4,463,000
Other real estate owned [Member] | Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Negative adjustment for selling costs and changes in market conditions since appraisal (as a percent)	5.00%
Other real estate owned [Member] | Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Negative adjustment for selling costs and changes in market conditions since appraisal (as a percent)	20.00%

FAIR VALUE OF FINANCIAL INSTR78

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 3) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Financial assets:
Cash and due from banks	$ 2,577,036	$ 2,757,515
Federal funds sold	16,500,137
Interest-bearing deposits with banks	29,819,094	$ 45,652,555
Certificates of deposit	900,000	350,000
Other investments	964,950	792,150
Loans-net	184,836,417	188,739,072
Cash surrender value of life insurance	10,090,088	10,082,081
Financial liabilities:
Deposits	328,861,579	340,888,750
Advances from Federal Home Loan Bank	5,234,707	254,084
Commitments to Extend Credit [Member]
Off-balance-sheet financial instruments:
Notional amount	$ 35,843,000	26,833,000
Estimated fair value
Letter of Credit [Member]
Off-balance-sheet financial instruments:
Notional amount	$ 1,889,000	2,027,000
Estimated fair value
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and due from banks	$ 2,577,000	2,758,000
Federal funds sold	16,500,000
Interest-bearing deposits with banks	29,819,000	45,653,000
Certificates of deposit	$ 900,000	350,000
Investment securities
Other investments	$ 965,000	792,000
Loans-net
Cash surrender value of life insurance	$ 10,090,000	10,082,000
Financial liabilities:
Deposits	$ 212,820,000	201,994,000
Advances from Federal Home Loan Bank
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Investment securities	$ 123,258,000	126,854,000
Financial liabilities:
Deposits	116,391,000	139,725,000
Advances from Federal Home Loan Bank	5,235,000	254,000
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Loans-net	$ 183,929,000	188,195,000
Financial liabilities:
Deposits
Advances from Federal Home Loan Bank
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Financial assets:
Cash and due from banks	$ 2,577,000	2,758,000
Federal funds sold	16,500,000
Interest-bearing deposits with banks	29,819,000	45,653,000
Certificates of deposit	900,000	350,000
Investment securities	123,258,000	126,851,000
Other investments	965,000	792,000
Loans-net	184,837,000	188,739,000
Cash surrender value of life insurance	10,090,000	10,082,000
Financial liabilities:
Deposits	328,862,000	340,889,000
Advances from Federal Home Loan Bank	5,235,000	254,000
Estimate of Fair Value, Fair Value Disclosure [Member]
Financial assets:
Cash and due from banks	2,577,000	2,758,000
Federal funds sold	16,500,000
Interest-bearing deposits with banks	29,819,000	45,653,000
Certificates of deposit	900,000	350,000
Investment securities	123,258,000	126,854,000
Other investments	965,000	792,000
Loans-net	183,929,000	188,195,000
Cash surrender value of life insurance	10,090,000	10,082,000
Financial liabilities:
Deposits	329,211,000	341,719,000
Advances from Federal Home Loan Bank	$ 5,235,000	$ 254,000

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Total capital (to risk weighted assets):
Actual, Amount	$ 49,786	$ 45,943
Actual, Ratio (as a percent)	20.00%	19.00%
For Capital Adequacy Purposes, Amount	$ 19,546	$ 18,854
For Capital Adequacy Purposes, Ratio (as a percent)	8.00%	8.00%
Tier I common equity (to risk weighted assets):
Actual, Amount	$ 47,662
Actual, Ratio (as a percent)	20.00%
For Capital Adequacy Purposes, Amount	$ 10,995
For Capital Adequacy Purposes, Ratio (as a percent)	4.50%
Tier I capital (to risk weighted assets):
Actual, Amount	$ 47,662	$ 43,644
Actual, Ratio (as a percent)	20.00%	19.00%
For Capital Adequacy Purposes, Amount	$ 9,773	$ 9,427
For Capital Adequacy Purposes, Ratio (as a percent)	4.00%	4.00%
Tier I capital (to average assets):
Actual, Amount	$ 47,662	$ 43,644
Actual, Ratio (as a percent)	12.00%	11.00%
For Capital Adequacy Purposes, Amount	$ 15,367	$ 15,779
For Capital Adequacy Purposes, Ratio (as a percent)	4.00%	4.00%
Dividend Limitation
Dividends paid on common stock	$ 172,316	$ 171,744	$ 171,744
Dividend payout rate per common share (in dollars per share)	$ 0.08	$ 0.08
Cash dividends paid on preferred stock issued to the Treasury	$ 236,820	$ 236,820	$ 236,820
Subsidiaries [Member]
Total capital (to risk weighted assets):
Actual, Amount	$ 50,528	$ 45,500
Actual, Ratio (as a percent)	21.00%	19.00%
For Capital Adequacy Purposes, Amount	$ 19,179	$ 18,822
For Capital Adequacy Purposes, Ratio (as a percent)	8.00%	8.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 23,974	$ 23,527
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	10.00%	10.00%
Tier I common equity (to risk weighted assets):
Actual, Amount	$ 48,404
Actual, Ratio (as a percent)	20.00%
For Capital Adequacy Purposes, Amount	$ 10,788
For Capital Adequacy Purposes, Ratio (as a percent)	4.50%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 10,788
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	4.50%
Tier I capital (to risk weighted assets):
Actual, Amount	$ 48,404	$ 43,201
Actual, Ratio (as a percent)	20.00%	18.00%
For Capital Adequacy Purposes, Amount	$ 9,589	$ 9,411
For Capital Adequacy Purposes, Ratio (as a percent)	4.00%	4.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 19,179	$ 14,116
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	8.00%	6.00%
Tier I capital (to average assets):
Actual, Amount	$ 48,404	$ 43,201
Actual, Ratio (as a percent)	13.00%	11.00%
For Capital Adequacy Purposes, Amount	$ 15,343	$ 15,763
For Capital Adequacy Purposes, Ratio (as a percent)	4.00%	4.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 19,179	$ 19,704
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	5.00%	5.00%
Subsidiaries [Member] | Minimum [Member]
Dividend Limitation
Dividend payments approval by the regulatory agencies as a percentage of subsidiary net income for the prior period	50.00%

RELATED-PARTY TRANSACTIONS (Det

RELATED-PARTY TRANSACTIONS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Directors Officers Principal Shareholders and Associates [Member]
Activity of related party loans
Balance at beginning of year	$ 11,971,312	$ 14,522,184
New loans	438,528	2,841,922
Repayments	(6,610,768)	(5,392,794)
Balance - end of year	5,799,072	11,971,312
Management [Member]
Additional disclosure
Deposits	$ 5,683,639	$ 5,645,426

SUPPLEMENTARY INCOME STATEMEN81

SUPPLEMENTARY INCOME STATEMENT INFORMATION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Supplementary Income Statement Information Details
Threshold for disclosure of components of other operating expenses as a percentage of total interest income and other income (as a percent)	1.00%	1.00%	1.00%
Professional services - legal	$ 306,875	$ 438,208	$ 309,411
Professional services - other	490,553	723,505	598,451
Stationery and supplies	144,518	200,116	144,702
Data processing	711,753	664,240	695,863
Telephone	246,274	305,279	284,260
FDIC insurance premium	325,000	533,447	329,000
Amortization of core deposit intangible	471,918	471,918	471,918
Security and protection expense	368,565	389,614	394,980
Advertising and Marketing	148,702	154,389	126,082
Other benefit expenses	287,401	336,066	165,276
Other miscellaneous expenses	1,638,763	1,751,862	1,990,232
Other operating expenses	$ 5,140,322	$ 5,510,175	$ 5,968,644

CONDENSED FINANCIAL INFORMATI82

CONDENSED FINANCIAL INFORMATION OF CITIZENS BANCSHARES CORPORATION (PARENT ONLY) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
ASSETS
Other assets	$ 9,075,002	$ 9,351,480
Total assets	388,619,765	395,639,249
LIABILITIES AND STOCKHOLDERS' EQUITY
Total liabilities	338,243,569	346,072,704
Stockholders' equity	50,376,196	49,566,545	$ 46,307,792	$ 49,154,106
Total liabilities and stockholders' equity	388,619,765	395,639,249
Parent Company [Member]
ASSETS
Cash	31,898	119,075
Investment in Bank	49,692,045	49,123,228
Other assets	722,572	400,698
Total assets	50,446,515	49,643,001
LIABILITIES AND STOCKHOLDERS' EQUITY
Total liabilities	70,319	76,456
Stockholders' equity	50,376,196	49,566,545
Total liabilities and stockholders' equity	$ 50,446,515	$ 49,643,001

CONDENSED FINANCIAL INFORMATI83

CONDENSED FINANCIAL INFORMATION OF CITIZENS BANCSHARES CORPORATION (PARENT ONLY) (Details 2) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Income (loss) before income tax benefit and equity in undistributed earnings of the subsidiary	$ 663,000	$ 527,000	$ 414,000	$ 521,000	$ 519,000	$ 354,000	$ 570,000	$ 499,000	$ 2,125,007	$ 1,942,321	$ 1,197,967
Income tax benefit	40,000	107,000	66,000	93,000	(24,000)	(22,000)	97,000	83,000	(305,848)	(133,663)	150,806
Net income	$ 623,000	$ 420,000	$ 348,000	$ 428,000	$ 543,000	$ 376,000	$ 473,000	$ 416,000	1,819,159	1,808,658	1,348,773
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Dividends from subsidiary									$ 714,000	671,000	$ 500,000
Other revenue										3,426
Total revenue									$ 714,000	674,426	$ 500,000
Total expenses									526,256	232,616	291,771
Income (loss) before income tax benefit and equity in undistributed earnings of the subsidiary									187,744	441,810	208,229
Income tax benefit									321,207	79,089	92,356
Income (loss) before equity in undistributed earnings of the subsidiary									508,951	520,899	300,585
Equity in undistributed earnings of the subsidiary									1,310,208	1,287,759	1,048,188
Net income									$ 1,819,159	$ 1,808,658	$ 1,348,773

CONDENSED FINANCIAL INFORMATI84

CONDENSED FINANCIAL INFORMATION OF CITIZENS BANCSHARES CORPORATION (PARENT ONLY) (Details 3) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income	$ 623,000	$ 420,000	$ 348,000	$ 428,000	$ 543,000	$ 376,000	$ 473,000	$ 416,000	$ 1,819,159	$ 1,808,658	$ 1,348,773
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Restricted stock based compensation plan									(1,648)	(8,164)	(106,829)
Change in other assets									(220,293)	(912,638)	2,455,520
Net cash provided by operating activities									2,355,027	3,703,845	4,604,402
Cash flows from financing activities:
Common stock dividend paid									(172,316)	(171,744)	(171,744)
Preferred stock dividend paid									(236,820)	(236,820)	(236,820)
Proceeds from issuance of common stock									191,070	$ 114,784	180,657
Purchase of treasury stock									48,403		61,423
Net change in cash									486,197	$ 19,243,399	(11,019,806)
Cash:
Beginning of year				48,410,070				29,166,671	48,410,070	29,166,671	40,186,477
End of year	48,896,267				48,410,070				48,896,267	48,410,070	29,166,671
Supplemental disclosures of cash flow information:
Interest									711,331	$ 874,690	939,420
Income taxes									55,000		26,000
Parent Company [Member]
Cash flows from operating activities:
Net income									1,819,159	$ 1,808,658	1,348,773
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed earnings of the subsidiary									(1,310,208)	(1,287,759)	(1,048,188)
Restricted stock based compensation plan									(1,648)	(8,164)	(106,829)
Change in other assets									(321,874)	(79,089)	(92,357)
Change in other liabilities									(6,137)	(30,628)	(6,398)
Net cash provided by operating activities									179,292	403,018	95,001
Cash flows from financing activities:
Common stock dividend paid									(172,316)	(171,744)	(171,744)
Preferred stock dividend paid									$ (236,820)	$ (236,820)	(236,820)
Net purchase of treasury stock											(61,423)
Proceeds from issuance of common stock									$ 191,070	$ 114,784	180,657
Purchase of treasury stock									(48,403)
Net cash used in financing activities									(266,469)	(293,780)	(289,330)
Net change in cash									(87,177)	109,238	(194,329)
Cash:
Beginning of year				$ 119,075				$ 9,837	119,075	9,837	204,166
End of year	$ 31,898				$ 119,075				31,898	$ 119,075	9,837
Supplemental disclosures of cash flow information:
Interest									$ 55,000		$ 26,000

QUARTERLY FINANCIAL DATA (UNA85

QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Data Details
Interest Income	$ 3,063,000	$ 3,367,000	$ 3,164,000	$ 3,174,000	$ 3,266,000	$ 3,333,000	$ 3,387,000	$ 3,376,000	$ 12,767,933	$ 13,362,443	$ 13,765,959
Interest expense	165,000	172,000	179,000	184,000	199,000	211,000	211,000	212,000	699,778	833,389	903,267
Net interest income	2,898,000	3,195,000	2,985,000	2,990,000	3,067,000	3,122,000	3,176,000	3,164,000	12,068,155	12,529,054	12,862,692
Provision for loan losses	(100,000)	75,000	50,000	75,000	75,000				100,000	75,000	425,000
Non-interest income	1,309,000	1,069,000	1,059,000	1,164,000	1,454,000	990,000	1,017,000	979,000	4,601,057	4,440,411	4,481,119
Non-interest expense	3,644,000	3,662,000	3,580,000	3,558,000	3,927,000	3,758,000	3,623,000	3,644,000	14,444,205	14,952,144	15,720,844
Income (loss) before income taxes	663,000	527,000	414,000	521,000	519,000	354,000	570,000	499,000	2,125,007	1,942,321	1,197,967
Income tax expense (benefit)	40,000	107,000	66,000	93,000	(24,000)	(22,000)	97,000	83,000	(305,848)	(133,663)	150,806
Net income	623,000	420,000	348,000	428,000	543,000	376,000	473,000	416,000	1,819,159	1,808,658	1,348,773
Preferred dividends	60,000	59,000	59,000	59,000	59,000	59,000	59,000	59,000	236,820	236,820	236,820
Net income (loss) available to common stockholders	$ 563,000	$ 361,000	$ 289,000	$ 369,000	$ 484,000	$ 317,000	$ 414,000	$ 357,000	$ 1,582,339	$ 1,571,838	$ 1,111,953
Net income per common share - basic	$ 0.26	$ 0.16	$ 0.13	$ 0.17	$ 0.22	$ 0.15	$ 0.19	$ 0.17	$ 0.72	$ 0.73	$ 0.52
Net income per common share - diluted	$ 0.25	$ 0.16	$ 0.13	$ 0.17	$ 0.22	$ 0.15	$ 0.19	$ 0.16	$ 0.71	$ 0.72	$ 0.51