GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2013

GOODWILL AND INTANGIBLE ASSETS

Schedule of intangible assets

Intangible assets consist of the following at December 31, (in thousands except years):

	2013			2012
Customer list	$	10,490		$	10,490
Trade name	1,590			1,590
Total Intangible assets	12,080			12,080
Less accumulated amortization:
Customer list	(1,959		)	(828		)
Trade name	(1,590		)	(1,047		)
Total accumulated amortization	(3,549		)	(1,875		)
Intangible assets, net	$	8,531		$	10,205
Weighted-average life in years	7.3			8.4

Schedule of estimated amortization expense

(amounts in thousands)
2014	$	1,165
2015	1,165
2016	1,165
2017	1,165
2018	1,165
Thereafter	2,706
Total	$	8,531