INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of current income tax expense

Current income tax expense is attributable to (dollars in thousands):

	2016		2015		2014
Income from continuing operations before tax	$	3,202	$	2,306	$	2,505

Schedule of effective income tax reconciliation

The following table presents the principal reasons for the differences between the Company’s effective tax rate and the United States statutory income tax rate of 35% (dollars in thousands):

	2016			2015			2014
Federal income tax at statutory rate	$	1,121		$	807		$	877
Gain on sale differences		—			1,324			—
Other		115			—			—
Effective income tax rate		35	%		35	%		35	%

Schedule of deferred tax assets

The tax effects of temporary differences and net operating loss carry forwards that give rise to the deferred tax assets are presented below (dollars in thousands):

	2016		2015		2014
Accumulated depreciation and amortization	$	—	$	—	$	(516	)
Assets sold for tax, not yet recognized for book		685		685		—
Allowance for loss		639		639		694
Deferred tax asset		1,324		1,324		178
Less valuation allowance		—		—		—
Total deferred tax asset	$	1,324	$	1,324	$	178