GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2014

GOODWILL AND INTANGIBLE ASSETS

Schedule of intangible assets

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

	2014			2013
Customer list	$	10,490		$	10,490
Trade name	1,590			1,590
Total intangible assets	12,080			12,080
Less accumulated amortization:
Customer list	(3,124		)	(1,959		)
Trade name	(1,590		)	(1,590		)
Total accumulated amortization	(4,714		)	(3,549		)
Intangible assets, net	$	7,366		$	8,531
Weighted-average life in years	6.3			7.3

Schedule of estimated amortization expense

Estimated amortization expense for the years ending December 31, 2015 through 2019 and thereafter is as follows (in thousands):

Year	Expense
2015	$	1,165
2016	1,165
2017	1,165
2018	1,165
2019	1,165
Thereafter	1,541
Total	$	7,366