FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The tables below present the recorded amount of assets measured at fair value on a recurring basis at December 31, 2015 and 2014. No assets were transferred from one hierarchy level to another during 2015 or 2014.

(Dollars in thousands)	Fair Value		Quoted Prices (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
December 31, 2015
Securities available for sale:
U.S. Treasury	$	5,079	$	5,079	$	-	$	-
U.S. Government agencies		49,529		-		49,529		-
Mortgage-backed		156,916		-		156,916		-
Equity		641		-		641		-
Total	$	212,165	$	5,079	$	207,086	$	-

(Dollars in thousands)	Fair Value		Quoted Prices (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
December 31, 2014
Securities available for sale:
U.S. Treasury	$	5,215	$	5,215	$	-	$	-
U.S. Government agencies		74,960		-		74,960		-
Mortgage-backed		155,303		-		155,303		-
Equity		630		-		630		-
Total	$	236,108	$	5,215	$	230,893	$	-

Fair Value Assets Measured on Nonrecurring Basis [Table Text Block]

The tables below present the recorded amount of assets measured at fair value on a nonrecurring basis at December 31, 2015 and 2014. No assets were transferred from one hierarchy level to another during 2015 or 2014.

(Dollars in thousands)	Fair Value		Quoted Prices (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
December 31, 2015
Impaired loans
Construction	$	10,979	$	-	$	10,979	$	-
Residential real estate		7,510		-		7,510		-
Commercial real estate		7,422		-		7,422		-
Commercial		161		-		161		-
Consumer		115		-		115		-
Total impaired loans		26,187		-		26,187		-
Other real estate owned		4,252		-		4,252		-
Total assets measured at fair value on a nonrecurring basis	$	30,439	$	-	$	30,439	$	-

(Dollars in thousands)	Fair Value		Quoted Prices (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
December 31, 2014
Impaired loans
Construction	$	10,026	$	-	$	10,026	$	-
Residential real estate		9,304		-		9,304		-
Commercial real estate		9,230		-		9,230		-
Commercial		187		-		187		-
Consumer		121		-		121		-
Total impaired loans		28,868		-		28,868		-
Other real estate owned		3,691		-		3,691		-
Total assets measured at fair value on a nonrecurring basis	$	32,559	$	-	$	32,559	$	-

Schedule of Estimated Fair Values of Financial Assets and Liabilities [Table Text Block]

The following table provides information on the estimated fair values of the Company’s financial assets and liabilities that are reported in the balance sheets at their carrying amounts. The financial assets and liabilities have been segregated by their classification level in the fair value hierarchy.

	December 31, 2015				December 31, 2014
			Estimated				Estimated
	Carrying		Fair		Carrying		Fair
(Dollars in thousands)	Amount		Value		Amount		Value
Financial assets
Level 2 inputs
Cash and cash equivalents	$	73,811	$	73,811	$	96,223	$	96,223
Investment securities held to maturity		4,191		4,243		4,630		4,694
Loans, net		786,798		788,187		703,051		724,771

Financial liabilities
Level 2 inputs
Deposits	$	975,464	$	922,161	$	949,004	$	948,605
Short-term borrowings		6,672		6,672		4,808		4,808