SECURITIES (Tables)

6 Months Ended

Jun. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Marketable Securities [Table Text Block]

The amortized cost basis and fair values of securities are as follows:

			Gross		Gross
(Dollars in thousands)	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
Securities available-for-sale:
June 30, 2014:
Government-sponsored collateralized mortgage obligations	$	86,661	$	140	$	(1,904)	$	84,897
Government-sponsored mortgage-backed residential		83,117		34		(1,631)		81,520
Asset backed-collateralized loan obligations		14,848		33		(422)		14,459
Corporate bonds		12,726		213		(15)		12,924
State and municipal		8,841		476		(8)		9,309
U.S. Government-sponsored agencies		6,035		1		(4)		6,032
Commercial mortgage backed		3,065		25		-		3,090
Total	$	215,293	$	922	$	(3,984)	$	212,231
Securities available-for-sale:
December 31, 2013:
Government-sponsored collateralized mortgage obligations	$	104,390	$	86	$	(3,660)	$	100,816
Government-sponsored mortgage-backed residential		78,204		4		(3,884)		74,324
Corporate bonds		43,818		208		(328)		43,698
Asset backed-collateralized loan obligations		35,113		-		(635)		34,478
State and municipal		11,670		264		(11)		11,923
Commercial mortgage backed		4,097		-		(54)		4,043
Total	$	277,292	$	562	$	(8,572)	$	269,282

Investments Classified by Contractual Maturity Date [Table Text Block]

The amortized cost and fair value of securities at June 30, 2014, by contractual maturity, are shown below. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately.

	Available for Sale
	Amortized		Fair
(Dollars in thousands)	Cost		Value
Due in one year or less	$	855	$	855
Due after one year through five years		14,556		14,737
Due after five years through ten years		5,796		5,853
Due after ten years		6,395		6,820
Investment securities with no single maturity date:
Government-sponsored collateralized mortgage obligations		86,661		84,897
Government-sponsored mortgage-backed residential		83,117		81,520
Asset backed-collateralized loan obligations		14,848		14,459
Commercial mortgage backed		3,065		3,090
	$	215,293	$	212,231

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]

The following schedule shows the proceeds from sales of available-for-sale securities and the gross realized gains and losses on those sales:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
(Dollars in thousands)
Proceeds from sales	$	36,955	$	25,520	$	73,081	$	101,056
Gross realized gains		384		334		532		843
Gross realized losses		356		334		567		616

Schedule of Roll-forward of Credit Losses Recognized in Earnings [Table Text Block]

Securities with unrealized losses at June 30, 2014 and December 31, 2013 aggregated by major security type and length of time in a continuous unrealized loss position are as follows:

June 30, 2014	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Loss		Value		Loss		Value		Loss
Government-sponsored collateralized mortgage obligations	$	32,298	$	(259)	$	37,444	$	(1,645)	$	69,742	$	(1,904)
Government-sponsored mortgage-backed residential		8,037		(26)		67,217		(1,605)		75,254		(1,631)
Asset backed-collateralized loan obligations		13,571		(422)		-		-		13,571		(422)
Corporate bonds		2,005		(15)		-		-		2,005		(15)
State and municipal		307		(1)		513		(7)		820		(8)
U.S. Government-sponsored agencies		5,048		(4)		-		-		5,048		(4)
Total temporarily impaired	$	61,266	$	(727)	$	105,174	$	(3,257)	$	166,440	$	(3,984)

December 31, 2013	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Loss		Value		Loss		Value		Loss
Government-sponsored collateralized mortgage obligations	$	59,168	$	(2,119)	$	20,560	$	(1,541)	$	79,728	$	(3,660)
Government-sponsored mortgage-backed residential		59,971		(2,864)		13,215		(1,020)		73,186		(3,884)
Corporate bonds		17,578		(328)		-		-		17,578		(328)
Asset backed-collateralized loan obligations		34,478		(635)		-		-		34,478		(635)
State and municipal		1,865		(11)		-		-		1,865		(11)
Commercial mortgage backed		4,043		(54)		-		-		4,043		(54)
Total temporarily impaired	$	177,103	$	(6,011)	$	33,775	$	(2,561)	$	210,878	$	(8,572)