JUNIOR SUBORDINATED DEBENTURES (Tables)

12 Months Ended

Dec. 31, 2014

JUNIOR SUBORDINATED DEBENTURES [Abstract]

Description of Junior Subordinated Debentures

description of the junior subordinated debentures outstanding is as follows (in thousands):

					December 31,
Date Issued	Maturity Date	Interest Rate		Callable After	2014		2013
February 22, 2001	February 22, 2031		10.20%	February 22, 2011	$	-	$	7,217
July 31, 2001	July 9, 2031	3 month LIBOR plus 3.30%		July 31, 2006		5,671		5,671
September 20, 2004	September 20, 2034	3 month LIBOR plus 2.50%		September 20, 2009		8,248		8,248
October 12, 2006	October 12, 2036	3 month LIBOR plus 1.85%		June 26, 2011		5,155		5,155
June 21, 2007	June 21, 2037	3 month LIBOR plus 1.70%		June 15, 2012		3,093		3,093
					$	22,167	$	29,384