BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2014

BORROWINGS [Abstract]

Schedule of components of short- and long-term interest-bearing liabilities

The following summarizes borrowed funds at December 31, 2014 and 2013 (dollars in thousands):

December 31, 2014	Federal Home Loan Bank Borrowings			Federal Funds Purchased			Total
Daily average outstanding	$	13,051		$	8		$	13,059
Total interest cost		48			-			48
Average interest rate paid		0.37	%		0.46	%		0.37	%
Maximum amount outstanding at any month-end	$	130,000		$	-		$	130,000
December 31 balance		130,000			-			130,000
Weighted-average interest rate on balances outstanding		0.32	%		-	%		0.32	%

December 31, 2013	Federal Home Loan Bank Borrowings			Federal Funds Purchased			Total
Daily average outstanding	$	5		$	17		$	22
Total interest cost		-			-			-
Average interest rate paid		0.39	%		0.37	%		0.37	%
Maximum amount outstanding at any month-end	$	-		$	-		$	-
December 31 balance		-			-			-
Weighted-average interest rate on balances outstanding		-	%		-	%		-	%