DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations Balance Sheet

Assets and liabilities of discontinued operations at December 31, 2012 were as follows:

	December 31, 2012
	Northern Florida
	(dollars expressed in thousands)
Cash and due from banks	$	1,139
Total loans	—
Bank premises and equipment, net	4,837
Goodwill	700
Other assets	30
Assets of discontinued operations	$	6,706
Deposits:
Noninterest-bearing demand	$	12,488
Interest-bearing demand	10,480
Savings and money market	67,686
Time deposits of $100 or more	27,034
Other time deposits	37,964
Total deposits	155,652
Accrued expenses and other liabilities	59
Liabilities of discontinued operations	$	155,711

Discontinued Operations Income Statement

from discontinued operations, net of tax, for the year ended December 31, 2013 was as follows:

	Association Bank Services			Northern Florida		Total
	(dollars expressed in thousands)
Year ended December 31, 2013:
Interest income:
Interest and fees on loans	$	1,221		—		1,221
Interest expense:
Interest on deposits	292			233		525
Net interest income (loss)	929			(233	)	696
Provision for loan losses	—			—		—
Net interest income (loss) after provision for loan losses	929			(233	)	696
Noninterest income:
Service charges and customer service fees	85			134		219
Other	105			4		109
Total noninterest income	190			138		328
Noninterest expense:
Salaries and employee benefits	3,045			885		3,930
Occupancy, net of rental income	6			579		585
Furniture and equipment	41			40		81
Legal, examination and professional fees	68			—		68
FDIC insurance	671			53		724
Other	743			2,452		3,195
Total noninterest expense	4,574			4,009		8,583
Loss from operations of discontinued operations	(3,455		)	(4,104	)	(7,559	)
Net gain on sale of discontinued operations	28,615			408		29,023
Provision for income taxes	241			—		241
Net income (loss) from discontinued operations, net of tax	$	24,919		(3,696	)	21,223

Loss from discontinued operations, net of tax, for the year ended December 31, 2012 was as follows:

	Association Bank Services			Northern Florida		Total
	(dollars expressed in thousands)
Year ended December 31, 2012:
Interest income:
Interest and fees on loans	$	1,762		—		1,762
Interest expense:
Interest on deposits	477			972		1,449
Net interest income (loss)	1,285			(972	)	313
Provision for loan losses	—			—		—
Net interest income (loss) after provision for loan losses	1,285			(972	)	313
Noninterest income:
Service charges and customer service fees	119			467		586
Other	109			13		122
Total noninterest income	228			480		708
Noninterest expense:
Salaries and employee benefits	2,583			2,279		4,862
Occupancy, net of rental income	12			1,760		1,772
Furniture and equipment	89			278		367
Legal, examination and professional fees	62			5		67
FDIC insurance	1,123			358		1,481
Other	942			351		1,293
Total noninterest expense	4,811			5,031		9,842
Loss from operations of discontinued operations	(3,298		)	(5,523	)	(8,821	)
Benefit for income taxes	—			—		—
Net loss from discontinued operations, net of tax	$	(3,298	)	(5,523	)	(8,821	)

Loss from discontinued operations, net of tax, for the year ended December 31, 2011 was as follows:

	Association Bank Services			Northern Florida			Northern Illinois	Total
	(dollars expressed in thousands)
Year ended December 31, 2011:
Interest income:
Interest and fees on loans	$	2,237		—			895	3,132
Interest expense:
Interest on deposits	901			2,160			261	3,322
Net interest income (loss)	1,336			(2,160		)	634	(190	)
Provision for loan losses	—			—			—	—
Net interest income (loss) after provision for loan losses	1,336			(2,160		)	634	(190	)
Noninterest income:
Service charges and customer service fees	155			411			259	825
Other	115			8			5	128
Total noninterest income	270			419			264	953
Noninterest expense:
Salaries and employee benefits	2,519			2,325			357	5,201
Occupancy, net of rental income	10			1,746			68	1,824
Furniture and equipment	114			431			29	574
Legal, examination and professional fees	30			1			6	37
Amortization of intangible assets	—			63			—	63
FDIC insurance	1,227			469			100	1,796
Other	641			379			67	1,087
Total noninterest expense	4,541			5,414			627	10,582
(Loss) income from operations of discontinued operations	(2,935		)	(7,155		)	271	(9,819	)
Net gain on sale of discontinued operations	—			—			425	425
Benefit for income taxes	—			—			—	—
Net (loss) income from discontinued operations, net of tax	$	(2,935	)	$	(7,155	)	696	(9,394	)