ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2012

Business Combinations [Abstract]

Consideration Transferred for CommerceFirst's Common Equity and Amounts of Acquired Identifiable Assets and Liabilities Assumed

The consideration transferred for CommerceFirst’s common equity and the amounts of acquired identifiable assets and liabilities assumed as of the acquisition date were as follows:

(In thousands)
Purchase Price:
Value of common share issued	$	13,023
Cash		12,381
Total purchase price		25,404
Identifiable assets:
Cash and due from banks		11,532
Investments		502
Loans and leases		165,762
Other Real Estate Owned		2,615
Intangible assets		210
Other assets		7,356
Total identifiable assets		187,977
Liabilities:
Deposits		169,921
Other Liabilities		644
Total liabilities		170,565
Net goodwill resulting from acquisition	$	7,992

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period

The following is a summary of the loans acquired in the acquisition with evidence of deteriorated credit quality:

	Loans Acquired
	with Evidence of
	Deteriorated
(In thousands)	Credit Quality
Contractually required principal and interest at acquisition	$	14,436
Contractual cash flows not expected to be collected		(5,560	)
Expected cash flows at acquisition		8,876
Interest component of expected cash flows		(1,056	)
Basis in acquired loans at acquisition - estimated fair value	$	7,820

Schedule Of Merger Related Costs

A summary of merger related expenses included in the indicated captions in the consolidated statements of income for the year ended December 31, 2012 is presented below:

	For the Year Ended
(In thousands)	December 31, 2012
Salaries and employee benefits	$	803
Outside data services		800
Other non-interest expenses:
Professional fees (legal, consulting, etc.)		770
Miscellaneous expenses		127
Total merger expenses	$	2,500