FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

Assets measured at fair value on a recurring basis are summarized below: There were no transfers between Level 1 and Level 2 during the periods presented.

			Quoted Prices in
			Active Markets for		Significant Other		Significant
	June 30,		Identical Assets		Observable Inputs		Unobservable Inputs
(Dollars in thousands)	2014		(Level 1)		(Level 2)		(Level 3)
Assets:
Government-sponsored collateralized mortgage obligations	$	84,897	$	-	$	84,897	$	-
Government-sponsored mortgage-backed residential		81,520		-		81,520		-
Corporate bonds		12,924		3,377		9,547		-
Asset backed-collateralized loan obligations		14,459		-		14,459		-
State and municipal		9,309		-		9,309		-
U.S. Government-sponsored agencies		6,032		-		6,032		-
Commercial mortgage backed		3,090		-		3,090		-
Total	$	212,231	$	3,377	$	208,854	$	-

			Quoted Prices in
			Active Markets for		Significant Other		Significant
	December 31,		Identical Assets		Observable Inputs		Unobservable Inputs
(Dollars in thousands)	2013		(Level 1)		(Level 2)		(Level 3)
Assets:
Government-sponsored collateralized mortgage obligations	$	100,816	$	-	$	100,816	$	-
Government-sponsored mortgage-backed residential		74,324		-		74,324		-
Corporate bonds		43,698		10,768		32,930		-
Asset backed-collateralized loan obligations		34,478		-		34,478		-
State and municipal		11,923		-		11,923		-
Commercial mortgage backed		4,043		-		4,043		-
Total	$	269,282	$	10,768	$	258,514	$	-

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

Assets measured at fair value on a nonrecurring basis are summarized below:

			Quoted Prices in
			Active Markets for		Significant Other		Significant
	June 30,		Identical Assets		Observable Inputs		Unobservable Inputs
(Dollars in thousands)	2014		(Level 1)		(Level 2)		(Level 3)
Assets:
Impaired loans:
Commercial Real Estate:
Land Development	$	625	$	-	$	-	$	625
Other		5,457		-		-		5,457
Residential Mortgage		153		-		-		153
Consumer and Home Equity		19		-		-		19
Real estate acquired through foreclosure:
Commercial Real Estate:
Land Development		1,003		-		-		1,003
Other		2,190		-		-		2,190
Residential Mortgage		601		-		-		601
Other real estate owned:
Bank Lots		769		-		-		769

			Quoted Prices in
			Active Markets for		Significant Other		Significant
	December 31,		Identical Assets		Observable Inputs		Unobservable Inputs
(Dollars in thousands)	2013		(Level 1)		(Level 2)		(Level 3)
Assets:
Impaired loans:
Commercial Real Estate:
Land Development	$	625	$	-	$	-	$	625
Other		5,618		-		-		5,618
Residential Mortgage		56		-		-		56
Consumer and Home Equity		36		-		-		36
Real estate acquired through foreclosure:
Commercial Real Estate:
Land Development		947		-		-		947
Other		2,667		-		-		2,667
Residential Mortgage		634		-		-		634
Other real estate owned:
Bank Lots		792		-		-		792

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

The following table presents quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at June 30, 2014.

	Fair	Valuation	Unobservable	Range (Weighted
(Dollars in thousands)	Value	Technique(s)	Input(s)	Average)
Impaired loans:
Commercial Real Estate:
Land Development	625	Sales comparison approach	Adjustment for differences   between comparable sales	3.10%-18.00% (15.98%)
Other	5,161	Income approach	Discount or capitalization rate	8.50%-9.00% (8.82%)
	296	Sales comparison approach	Adjustment for differences   between comparable sales	17.00% (1)
Residential Mortgage	153	Sales comparison approach	Adjustment for differences   between comparable sales	0.00%-8.00% (3.87%)
Consumer and Home Equity	19	Sales comparison approach	Adjustment for differences   between comparable sales	0.00% (1)
Real estate acquired through foreclosure:
Commercial Real Estate:
Land Development	975	Income approach	Discount or capitalization rate	7.40%-29.00% (20.25%)
	28	Sales comparison approach	Adjustment for differences   between comparable sales	0.00% (1)
Other	1,522	Income approach	Discount or capitalization rate	9.40%-10.00% (9.79%)
	668	Sales comparison approach	Adjustment for differences   between comparable sales	20.00%-25.00% (20.97%)
Residential Mortgage	601	Sales comparison approach	Adjustment for differences   between comparable sales	0.00%-8.00% (1.40%)
Real estate owned:
Bank Lots	769	Sales comparison approach	Adjustment for differences   between comparable sales	10.00% (1)

(1) Unobservable inputs with a single discount listed include only one property.

Fair Value, by Balance Sheet Grouping [Table Text Block]

The estimated fair value of financial instruments, not previously presented, is as follows:

			June 30, 2014
(Dollars in thousands)	Carrying		Fair Value Measurements
	Value		Total		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	82,536	$	82,536	$	6,108	$	76,428	$	-
Mortgage loans held for sale		1,313		1,333		-		1,333		-
Loans, net		439,402		440,112		-		-		440,112
Accrued interest receivable		1,752		1,752		-		718		1,034
FHLB stock		4,080		N/A		N/A		N/A		N/A
Financial liabilities:
Deposits		723,623		727,560		-		727,560		-
Advances from Federal Home Loan Bank		12,320		13,232		-		13,232		-
Subordinated debentures		18,000		13,584		-		-		13,584
Accrued interest payable		5,160		5,160		-		5,160		-

			December 31, 2013
(Dollars in thousands)	Carrying		Fair Value Measurements
	Value		Total		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	65,988	$	65,988	$	6,596	$	59,392	$	-
Mortgage loans held for sale		470		478		-		478		-
Loans, net		450,771		453,592		-		-		453,592
Accrued interest receivable		2,224		2,224		-		1,136		1,088
FHLB stock		4,430		N/A		N/A		N/A		N/A
Financial liabilities:
Deposits		783,487		788,230		-		788,230		-
Advances from Federal Home Loan Bank		12,389		13,315		-		13,315		-
Subordinated debentures		18,000		13,038		-		-		13,038
Accrued interest payable		4,485		4,485		-		4,485		-