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INCOME TAXES | 12 Months Ended
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Dec. 31, 2013
Income Tax Disclosure [Abstract] |
Income Tax Disclosure [Text Block] | NOTE 14. INCOME TAXES The following table provides information on components of income tax expense for each of the three years ended December 31.
(Dollars in thousands) |  | 2013 |  | 2012 |  | 2011 |
Current tax (benefit) expense: |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (459) |  | $ | (2,007) |  | $ | 656 |
State |  |  | 90 |  |  | 210 |  |  | 236 |
|  |  | (369) |  |  | (1,797) |  |  | 892 |
Deferred income tax benefit: |  |  |  |  |  |  |  |  |  |
Federal |  |  | (4,592) |  |  | (3,110) |  |  | (1,233) |
State |  |  | (1,540) |  |  | (1,658) |  |  | (317) |
|  |  | (6,132) |  |  | (4,768) |  |  | (1,550) |
Total income tax benefit |  | $ | (6,501) |  | $ | (6,565) |  | $ | (658) |
The following table provides a reconciliation of tax computed at the statutory federal tax rate of 34.0% to the actual tax expense for each of the three years ended December 31.
(Dollars in thousands) |  | 2013 |  | 2012 |  | 2011 |
Tax at federal statutory rate |  | 34.0 | % | 34.0 | % | 34.0 | %
Tax effect of: |  |  |  |  |  |  |
Tax-exempt income |  | 0.4 |  | 0.6 |  | 8.8 |
Non-deductible goodwill impairment charges |  | - |  | - |  | (6.0) |
Other non-deductible expenses |  | (0.2) |  | (0.2) |  | (2.1) |
State income taxes, net of federal benefit |  | 5.9 |  | 5.9 |  | 3.6 |
Other |  | 0.2 |  | 0.2 |  | 4.0 |
Actual income tax expense rate |  | 40.3 | % | 40.5 | % | 42.3 | %
The following table provides information on significant components of the Company’s deferred tax assets and liabilities as of December 31.
(Dollars in thousands) |  | 2013 |  | 2012 |
Deferred tax assets: |  |  |  |  |  |  |
Allowance for credit losses |  | $ | 4,298 |  | $ | 6,421 |
Reserve for off-balance sheet commitments |  |  | 180 |  |  | 166 |
Net operating loss carry forward |  |  | 14,430 |  |  | 3,367 |
Write-downs of other real estate owned |  |  | 400 |  |  | 742 |
Deferred income |  |  | 1,108 |  |  | 2,370 |
Accrued expenses |  |  | 936 |  |  | 1,353 |
Loss on termination of cash flow hedge |  |  | - |  |  | 540 |
Unrealized losses on interest rate caps |  |  | - |  |  | 803 |
Unrealized losses on available-for-sale securities |  |  | 296 |  |  | - |
Other |  |  | 83 |  |  | 55 |
Total deferred tax assets |  |  | 21,731 |  |  | 15,817 |
Deferred tax liabilities: |  |  |  |  |  |  |
Depreciation |  |  | 463 |  |  | 515 |
Purchase accounting adjustments |  |  | 1,305 |  |  | 1,009 |
Deferred capital gain on branch sale |  |  | 438 |  |  | 451 |
Deferred gains on interest rate swaps |  |  | - |  |  | 169 |
Unrealized gains on available-for-sale securities |  |  | - |  |  | 1,282 |
Other |  |  | 435 |  |  | 208 |
Total deferred tax liabilities |  |  | 2,641 |  |  | 3,634 |
Net deferred tax assets |  | $ | 19,090 |  | $ | 12,183 |
No valuation allowance for deferred tax assets was recorded at December 31, 2013 and 2012 as management believes it is more likely than not that all of the deferred tax assets will be realized because they were supported by the expected generation of a sufficient level of future taxable income from operations and tax planning strategies. At December 31, 2013, the Company had Federal and state net operating loss carryforwards of approximately $33.6 million and $50.1 million, respectively, which expire in 2033 through 2034.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
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