SECURITIES (Tables)

12 Months Ended

Dec. 31, 2012

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and fair value of securities available-for-sale

	Amortized		Gross Unrealized					Fair
December 31, 2012	Cost		Gains		Losses			Value
Obligations of states and political subdivisions	$	2,309	$	2	$	(22	)	$	2,289
FHLMC preferred stock		16		86		-			102
Total	$	2,325	$	88	$	(22	)	$	2,391

	Amortized		Gross Unrealized				Fair
December 31, 2011	Cost		Gains		Losses		Value
SBA guaranteed loan pools	$	9,557	$	280	$	-		9,837
FHLMC preferred stock		16		52		-		68
Total	$	9,573	$	332	$	-	$	9,905

Schedule of carrying amount and fair value of securities held-to-maturity

	Amortized		Gross Unrecognized					Fair
December 31, 2012	Cost		Gains		Losses			Value
Residential government-sponsored mortgage-backed securities	$	35,375	$	1,559	$	-		$	36,934
Residential government-sponsored collateralized mortgage obligations		5,444		81		-			5,525
Government-sponsored agency securities		29,983		52		(4	)		30,031
Obligations of states and political subdivisions		4,689		1		(69	)		4,621
Other residential collateralized mortgage obligations		817		-		(24	)		793
Trust preferred securities		7,743		1,422		(2,242	)		6,923
	$	84,051	$	3,115	$	(2,339	)	$	84,827

	Amortized		Gross Unrecognized					Fair
December 31, 2011	Cost		Gains		Losses			Value
Residential government-sponsored mortgage-backed securities	$	26,105	$	1,710				$	27,815
Residential government-sponsored collateralized mortgage obligations		85		2					87
Other residential collateralized mortgage obligations		957		-		(157	)		800
Trust preferred securities		7,928		674		(2,840	)		5,762
	$	35,075	$	2,386	$	(2,997	)	$	34,464

Schedule of fair value and carrying amount, if different, of debt securities, by contractual maturity

	Held to Maturity				Available for Sale
	Amortized				Amortized
	Cost		Fair Value		Cost		Fair Value
Due after ten years	$	42,415	$	41,575	$	2,309	$	2,289
Residential government-sponsored mortgage-backed securities		35,375		36,934		-		-
Residential government-sponsored collateralized mortgage obligations		5,444		5,525		-		-
Other residential collateralized mortgage obligations		817		793		-		-
Total	$	84,051	$	84,827	$	2,309	$	2,289

Schedule of present information regarding securities in a continuous unrealized loss position by duration of time in a loss position

December 31, 2012
	Less than 12 months					12 Months or More				Total
Available for Sale	Fair value		Unrealized Losses			Fair value		Unrealized Losses		Fair value		Unrealized Losses
Obligations of states and political subdivisions	$	1,552	$	(22	)	$	-	$	-	$	1,552	$	(22	)

	Less than 12 months					12 Months or More					Total
Held to Maturity	Fair value		Unrecognized Losses			Fair value		Unrecognized Losses			Fair value		Unrecognized Losses
Obligations of states and political subdivisions	$	4,189	$	(69	)	$	-	$	-		$	4,189	$	(69	)
Government-sponsored agency securities		4,996		(4	)		-		-			4,996		(4	)
Other residential collateralized mortgage obligations		793		(24	)		-		-			793		(24	)
Trust preferred securities		-		-			4,849		(2,242	)		4,849		(2,242	)
	$	9,978	$	(97	)	$	4,849	$	(2,242	)	$	14,827	$	(2,339	)

December 31, 2011
	Less than 12 months					12 Months or More					Total
Held to Maturity	Fair value		Unrecognized Losses			Fair value		Unrecognized Losses			Fair value		Unrecognized Losses
Other residential collateralized mortgage obligations	$	800	$	(157	)	$	-	$	-		$	800	$	(157	)
Trust preferred securities		-		-			4,783		(2,840	)		4,783		(2,840	)
	$	800	$	(157	)	$	4,783	$	(2,840	)	$	5,583	$	(2,997	)

Schedule of owned pooled trust preferred securities

														Previously
														Recognized
														Cumulative
		Ratings								Estimated		Current		Other
	Tranche	When Purchased		Current Ratings						Fair		Defaults and		Comprehensive
Security	Level	Moody’s	Fitch	Moody’s	Fitch	Par Value		Book Value		Value		Deferrals		Loss (1)
						(in thousands)
ALESCO VII  A1B	Senior	Aaa	AAA	Baa3	BB	$	6,877	$	6,200	$	4,135	$	117,400	$	290
MMCF III B	Senior Sub	A3	A-	Ba1	CC		425		416		261		27,000		9
							7,302		6,616		4,396			$	299
														Cumulative		Cumulative
														Other Comprehensive		OTTI Related to
Other Than Temporarily Impaired:														Loss (2)		Credit Loss (2)
TPREF FUNDING II	Mezzanine	A1	A-	Caa3	C		1,500		422		502		134,100		723	$	355
TRAP 2007-XII C1	Mezzanine	A3	A	C	C		2,116		56		67		202,705		767		1,293
TRAP 2007-XIII D	Mezzanine	NR	A-	NR	C		2,039		-		100		208,000		7		2,032
MMC FUNDING XVIII	Mezzanine	A3	A-	Ca	C		1,073		27		241		96,682		355		691
ALESCO V C1	Mezzanine	A2	A	C	C		2,150		475		453		83,225		1,014		661
ALESCO XV C1	Mezzanine	A3	A-	C	C		3,187		29		665		229,100		599		2,559
ALESCO XVI  C	Mezzanine	A3	A-	C	C		2,121		118		499		71,150		823		1,180
							14,186		1,127		2,527			$	4,288	$	8,771
Total						$	21,488	$	7,743	$	6,923

(1)  Pre-tax, and represents unrealized losses at date of transfer from available-for-sale to held-to-maturity, net of accretion

(2)  Pre-tax

Schedule of the credit losses for the trust preferred securities and the residential collateralized mortgage obligation recognized in earnings

	2012		2011			2010
Amount of cumulative other-than-temporary impairment related to credit loss prior to January 1	$	8,277	$	8,002		$	7,714
Amounts related to credit loss for which an other-than-temporary impairment was not previously recognized		-		-			-
Amounts related to credit loss for which an other-than-temporary impairment was previously recognized		717		329			288
Reductions due to realized losses		-		(54	)		-
Amount of cumulative other-than-temporary impairment related to credit loss as of December 31	$	8,994	$	8,277		$	8,002