BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Federal Home Loan Bank Borrowings

Advances payable to the Federal Home Loan Bank are summarized as follows:

	2015				2014
			Weighted				Weighted
			Average				Average
	Total		Contractual		Total		Contractual
	Outstanding		Rate		Outstanding		Rate
	(Dollars in thousands)
Stated Maturity
2015	$	—	—	%	$	38,001	0.69	%
2016	52,025		2.26	%	—		—	%
2017	40,154		3.10	%	31,203		4.03	%
2018	7,043		1.75	%	—		—	%
2019	2,011		1.99	%	—		—	%
Subtotal	101,233		2.53	%	69,204		2.20	%
Amortizing advances	847				876
Total Federal Home Loan Bank Advances	$	102,080			$	70,080

Schedule of Underlying Assets of Repurchase Agreements when Amount of Repurchase Agreements Exceeds 10 Percent of Assets [Table Text Block]

The table below sets forth information regarding the Company’s repurchase agreements allocated by source of collateral at the date indicated:

	December 31, 2015
	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 Days		30-90 Days		Greater than 90 Days		Total
	(Dollars in thousands)
Sources of Collateral
U.S. government agency securities	$	10,157	$	—	$	—	$	—	$	10,157
Agency mortgage-backed securities	69,142		—		—		—		69,142
Agency collateralized mortgage obligations	54,659		—		—		—		54,659
Total borrowings	$	133,958	$	—	$	—	$	—	$	133,958

Schedule of Long-term Borrowings

The following table summarizes long-term debt as of the periods indicated:

	December 31
	2015		2014
	(Dollars in thousands)
Wholesale repurchase agreements	$	—	$	50,000
Junior subordinated debentures
Capital Trust V	51,547		51,547
Slades Ferry Trust I	10,310		10,310
Central Trust I	5,258		5,258
Central Trust II	6,349		6,570
Subordinated debentures	35,000		65,000
Total long-term debt	$	108,464	$	188,685

Information relating to Trust Preferred Securities [Table Text Block]

Information relating to these trust preferred securities are as follows:

Trust	Description of Capital Securities
Capital Trust V	$50.0 million due in 2037, interest at a variable rate (LIBOR plus 1.48%), which has been effectively converted to a fixed rate of 6.52% until December 28, 2016, through the use of an interest rate swap. These securities are callable quarterly, until maturity.
Slades Ferry Trust I	$10.0 million due in 2034, bearing interest at a variable rate (LIBOR plus 2.79%). These securities are callable quarterly, until maturity.
Central Trust I	$5.1 million due in 2034, bearing interest at a variable rate (LIBOR plus 2.44%). These securities are callable quarterly, until maturity.
Central Trust II	$5.9 million due in 2037, bearing a fixed interest rate of 7.015% until March 15, 2017. Subsequent to this date, the interest will be variable (LIBOR plus 1.65%) and the securities will become callable quarterly, until maturity.

Schedule of Maturities of Borrowings

The following table sets forth the contractual maturities of long-term debt over the next five years:

	2016		2017		2018		2019		2020		Thereafter		Total
	(Dollars in thousands)
Junior subordinated debentures
Capital trust V	$	—	$	—	$	—	$	—	$	—	$	51,547	$	51,547
Slades ferry trust I	$	—	$	—	$	—	$	—	$	—	$	10,310	$	10,310
Central trust I	$	—	$	—	$	—	$	—	$	—	$	5,258	$	5,258
Central trust II	$	—	$	—	$	—	$	—	$	—	$	6,349	$	6,349
Subordinated debentures	$	—	$	—	$	—	$	—	$	—	$	35,000	$	35,000