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GOODWILL (Tables)
12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill for the years ended December 31, 2013 and 2012 were as follows:
 
2013
 
2012
 
(dollars expressed in thousands)
Balance, beginning of year
$
125,267

 
125,267

Goodwill impairment
(107,267
)
 

Goodwill allocated to sale transaction (1)
(18,000
)
 

Balance, end of year
$

 
125,267

 
(1)
Goodwill allocated to sale transaction during 2013 pertains to the sale of First Bank's ABS line of business in November 2013, as further discussed in Note 2 to the consolidated financial statements.