DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives [Table Text Block]

Summary information about the interest rate swap designated as a cash flow hedges as of year-end is as follows (dollars in thousands):

	2014
Notional Amounts		$	50,000
Weighted average pay rates			1.58	%
Weighted average receivable rates			0.24
Weighted average maturity			4.4 years
Unrealized gains		$	48

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table presents the net gains (losses) recorded in accumulated other comprehensive income and the Consolidate Statements of Income relating to the cash flow derivative instruments for the year ended December 31:

	2014
	Amount of Gain (Loss) Recognized in OCI (Effective Portion)			Amount of Gain (Loss) Reclassified from OCI to Interest Income			Amount of Gain (Loss) Recognized in Other Non-interest Income (Ineffective Portion)
	(Dollars in Thousands)
Interest Rate Contracts		$	48		$	—		$	—

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following table reflects the cash flow hedges included in the Consolidated Balance Sheets as of December 31, 2014:

	2014
	Notional Amount			Fair Value
	(In thousands)
Included in other asset/(liabilities):
Interest rate swap related to FHLB Advances		$	50,000		$	48