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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2014
GOODWILL AND INTANGIBLE ASSETS [Abstract]  
Schedule of change in goodwill

The change in goodwill during the year is as follows (dollars in thousands):

 

Years Ended December 31,
2014   2013     2012  
           
Balance at January 1 $ 5,544     $ 5,544     $ 5,544  
Acquired goodwill     1,364       -       -  
Impairment     -       -       -  
Balance at December 31   $ 6,908     $ 5,544     $ 5,544  


Schedule of acquired intangible assets

Acquired intangible assets were as follows at year-end (dollars in thousands):

 

Years Ended December 31,
2014 2013
Gross Gross
Carrying Accumulated   Carrying     Accumulated  
    Amount     Amortization     Amount     Amortization  
                                 
Core deposit intangibles   $ 1,075     $ 11     $ -     $ -  

 

Schedule of estimated amortization expense for each of the next five years and thereafter

Estimated amortization expense for each of the next five years and thereafter (dollars in thousands):

 

2015   $ 132  
2016   $ 132  
2017   $ 132  
2018   $ 132  
2019   $ 132  
Thereafter   $ 404  
$ 1,064