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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill [Table Text Block] The change in goodwill during the year is as follows (dollars in thousands):

 

 

 

 

 

 

 

2014

 

2013

Beginning of year

 

 

$

 

16,804

 

 

 

$

 

16,804

 

Acquired goodwill

 

 

 

129,105

 

 

 

 

 

Impairment

 

 

 

 

 

 

 

 

 

 

 

 

 

End of year

 

 

$

 

145,909

 

 

 

$

 

16,804

 

 

 

 

 

 

Intangible Assets Disclosure [Text Block] The table below provides information regarding the carrying amounts and accumulated amortization of amortized intangible assets as of the dates set forth below.

 

 

 

 

 

 

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

 

(Dollars in Thousands)

As of December 31, 2014:

 

 

 

 

 

 

Core deposits

 

 

$

 

6,011

 

 

 

$

 

(1,186

)

 

 

 

$

 

4,825

 

 

 

 

 

 

 

 

Total intangible assets

 

 

 

6,011

 

 

 

 

(1,186

)

 

 

 

 

4,825

 

 

 

 

 

 

 

 

As of December 31, 2013:

 

 

 

 

 

 

Core deposits

 

 

$

 

703

 

 

 

$

 

(679

)

 

 

 

$

 

24

 

 

 

 

 

 

 

 

Total intangible assets

 

 

 

703

 

 

 

 

(679

)

 

 

 

 

24

 

 

 

 

 

 

 

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] Estimated amortization expense for each of the next five years (in thousands):

 

 

 

2015

 

 

$

 

917

 

2016

 

 

 

820

 

2017

 

 

 

724

 

2018

 

 

 

627

 

2019

 

 

 

531