FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The tables below present the recorded amount of assets measured at fair value on a recurring basis at December 31, 2013 and 2012. No assets were transferred from one hierarchy level to another during 2013 or 2012.

					Significant Other		Significant
			Quoted Prices		Observable Inputs		Unobservable Inputs
(Dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2013
Securities available for sale:
U.S. Treasury	$	5,343	$	5,343	$	-	$	-
U.S. Government agencies		60,444		-		60,444		-
Mortgage-backed		80,713		-		80,713		-
Equity		601		-		601		-
Total	$	147,101	$	5,343	$	141,758	$	-

Interest rate caps	$	-	$	-	$	-	$	-

					Significant Other		Significant
			Quoted Prices		Observable Inputs		Unobservable Inputs
(Dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2012
Securities available for sale:
U.S. Treasury	$	-	$	-	$	-	$	-
U.S. Government agencies		36,107		-		36,107		-
Mortgage-backed		108,780		-		108,780		-
Equity		621		-		621		-
Total	$	145,508	$	-	$	145,508	$	-

Interest rate caps	$	14	$	-	$	14	$	-

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

The tables below present the recorded amount of assets measured at fair value on a nonrecurring basis at December 31, 2013 and 2012. No assets were transferred from one hierarchy level to another during 2013 or 2012.

					Significant Other		Significant
			Quoted Prices		Observable Inputs		Unobservable Inputs
(Dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2013
Impaired loans
Construction	$	5,365	$	-	$	5,365	$	-
Residential real estate		19,463		-		19,463		-
Commercial real estate		14,418		-		14,418		-
Commercial		642		-		642		-
Consumer		43		-		43		-
Total impaired loans		39,931		-		39,931		-
Loans held for sale		3,521		-		3,521		-
Other real estate owned		3,779		-		3,779		-
Total assets measured at fair value on a nonrecurring basis	$	47,231	$	-	$	47,231	$	-

					Significant Other		Significant
			Quoted Prices		Observable Inputs		Unobservable Inputs
(Dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2012
Impaired loans
Construction	$	36,088	$	-	$	36,088	$	-
Residential real estate		17,951		-		17,951		-
Commercial real estate		31,833		-		31,833		-
Commercial		715		-		715		-
Consumer		39		-		39		-
Total impaired loans		86,626		-		86,626		-
Loans held for sale		-		-		-		-
Other real estate owned		7,659		-		7,659		-
Total assets measured at fair value on a nonrecurring basis	$	94,285	$	-	$	94,285	$	-

Schedule of Estimated Fair Values of Financial Assets and Liabilities [Table Text Block]

The following table provides information on the estimated fair values of the Company’s financial assets and liabilities that are reported in the balance sheets at their carrying amounts. The financial assets and liabilities have been segregated by their classification level in the fair value hierarchy.

	December 31, 2013				December 31, 2012
			Estimated				Estimated
	Carrying		Fair		Carrying		Fair
(Dollars in thousands)	Amount		Value		Amount		Value
Financial assets
Level 2 inputs
Cash and cash equivalents	$	131,090	$	131,090	$	200,193	$	200,193
Investment securities held to maturity		5,185		5,062		2,657		2,884
Loans, net		701,194		721,688		769,091		798,381

Financial liabilities
Level 2 inputs
Deposits	$	933,468	$	934,943	$	1,049,273	$	1,052,382
Short-term borrowings		10,140		10,140		13,761		13,761