Kentucky Bancshares (KTYB) 10-Q 13 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 31, 2014
Document and Entity Information	'	'
Entity Registrant Name	'KENTUCKY BANCSHARES INC /KY/	'
Entity Central Index Key	'0001000232	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	2,721,142
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets	'	'
Cash and due from banks	$14,951	$22,650
Federal funds sold	88	510
Cash and cash equivalents	15,039	23,160
Securities available for sale	224,168	230,396
Trading Assets	5,242	'
Mortgage loans held for sale	495	223
Loans	496,134	468,655
Allowance for loan losses	-5,614	-5,441
Net loans	490,520	463,214
Federal Home Loan Bank stock	5,981	6,731
Real estate owned, net	2,306	3,379
Bank premises and equipment, net	16,780	16,709
Interest receivable	3,254	3,618
Mortgage servicing rights	1,245	1,344
Goodwill	13,117	13,117
Other intangible assets	243	317
Other assets	6,906	8,371
Total assets	785,296	770,579
Deposits	'	'
Non-interest bearing	157,988	152,052
Time deposits, $100,000 and over	92,069	96,264
Other interest bearing	347,352	369,084
Total deposits	597,409	617,400
Repurchase agreements and other borrowings	11,297	12,867
Federal funds purchased	4,649	'
Short-term Federal Home Loan Bank advances	20,000	'
Long-term Federal Home Loan Bank advances	61,414	57,847
Subordinated debentures	7,217	7,217
Interest payable	679	736
Other liabilities	7,699	6,839
Total liabilities	710,364	702,906
Stockholders' equity	'	'
Preferred stock, 300,000 shares authorized and unissued	'	'
Common stock, no par value; 10,000,000 shares authorized; 2,721,142 and 2,717,434 shares issued and outstanding on June 30, 2014 and December 31, 2013	12,608	12,570
Retained earnings	62,469	60,229
Accumulated other comprehensive loss	-145	-5,126
Total stockholders' equity	74,932	67,673
Total liabilities & stockholders' equity	$785,296	$770,579

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
CONSOLIDATED BALANCE SHEETS	'	'
Preferred stock, shares authorized	300,000	300,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$0	$0
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	2,721,142	2,717,434
Common stock, shares outstanding	2,721,142	2,717,434

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
INTEREST INCOME:	'	'	'	'
Loans, including fees	$5,896	$5,553	$11,657	$11,279
Securities	'	'	'	'
Taxable	680	527	1,355	1,006
Tax exempt	718	681	1,451	1,349
Trading assets	43	'	80	'
Other	69	76	145	159
Total interest income	7,406	6,837	14,688	13,793
INTEREST EXPENSE:	'	'	'	'
Deposits	535	572	1,074	1,162
Repurchase agreements and other borrowings	25	24	48	31
Federal Home Loan Bank advances	309	164	623	330
Subordinated debentures	58	56	115	115
Total interest expense	927	816	1,860	1,638
Net interest income	6,479	6,021	12,828	12,155
Provision for loan losses	100	150	200	600
Net interest income after provision	6,379	5,871	12,628	11,555
NON-INTEREST INCOME:	'	'	'	'
Service charges	1,062	1,088	2,073	2,108
Loan service fee income, net	5	16	34	-36
Trust department income	239	183	461	360
Gain on sale of available for sale securities, net	245	485	433	774
Gain on trading assets	91	'	162	'
Gain on sale of mortgage loans	241	514	398	1,140
Brokerage income	210	109	290	177
Debit card interchange income	530	505	1,009	953
Other	45	-73	77	-46
Total other income	2,668	2,827	4,937	5,430
NON-INTEREST EXPENSE:	'	'	'	'
Salaries and employee benefits	3,661	3,488	7,263	6,778
Occupancy expenses	830	829	1,678	1,547
Repossession expenses, net	25	-32	23	35
FDIC Insurance	140	130	268	262
Legal and professional fees	322	237	458	390
Data processing	331	340	668	688
Debit card expenses	262	245	496	468
Amortization	37	57	74	114
Advertising and marketing	232	192	441	376
Taxes other than payroll, property and income	197	222	422	447
Telephone	87	43	176	110
Postage	85	72	157	147
Loan fees	83	123	160	246
Other	483	499	945	1,013
Total other expenses	6,775	6,445	13,229	12,621
Income before taxes	2,272	2,253	4,336	4,364
Income taxes	368	468	661	870
Net income	1,904	1,785	3,675	3,494
Other Comprehensive Income (Loss), net of tax:	'	'	'	'
Change in Unrealized Gains (losses) on Securities	1,730	-4,724	4,981	-5,976
Comprehensive Income (Loss)	$3,634	($2,939)	$8,656	($2,482)
Earnings per share	'	'	'	'
Basic (in dollars per share)	$0.70	$0.66	$1.36	$1.29
Diluted (in dollars per share)	$0.70	$0.66	$1.36	$1.29
Dividends per share (in dollars per share)	$0.25	$0.24	$0.50	$0.48

CONSOLIDATED_STATEMENT_OF_CHAN

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)		Total	Common Stock		Retained Earnings	Accumulated Other Comprehensive Income/(Loss)
In Thousands, except Share data, unless otherwise specified
Balances at Dec. 31, 2013		$67,673	$12,570	[1]	$60,229	($5,126)
Balances (in shares) at Dec. 31, 2013	[1]	'	2,717,434		'	'
Increase (Decrease) in Stockholders' Equity		'	'		'	'
Common stock issued (in shares)	[1]	'	7,503		'	'
Stock based compensation expense		55	55	[1]	'	'
Common stock purchased and retired		-91	-17	[1]	-74	'
Common stock purchased and retired (in shares)	[1]	'	-3,795		'	'
Net change in unrealized gain (loss) on securities available for sale, net of tax and reclassifications		4,981	'		'	4,981
Net income		3,675	'		3,675	'
Dividends declared - $0.50 per share		-1,361	'		-1,361	'
Balances at Jun. 30, 2014		$74,932	$12,608	[1]	$62,469	($145)
Balances (in shares) at Jun. 30, 2014	[1]	'	2,721,142		'	'
[1]	Common Stock has no par value; amount includes Additional Paid-in Capital

CONSOLIDATED_STATEMENT_OF_CHAN1

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY	'	'	'	'
Dividends per share (in dollars per share)	$0.25	$0.24	$0.50	$0.48

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash Flows From Operating Activities	'	'
Net Income	$3,675	$3,494
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	904	945
Securities amortization (accretion), net	303	565
Stock based compensation expense	55	48
Provision for loan losses	200	600
Securities available for sale gains, net	-433	-774
Net change in trading assets	-5,242	'
Originations of loans held for sale	-13,757	-34,329
Proceeds from sale of loans	13,883	35,536
Losses (gains) on sale of fixed assets	'	105
Losses (gains) on other real estate	-70	-30
Gain on sale of mortgage loans	-398	-1,140
Changes in:	'	'
Interest receivable	364	373
Write-downs of other real estate, net	10	-10
Other assets	1,369	-185
Interest payable	-57	78
Other liabilities	-1,707	708
Net cash from operating activities	-901	5,984
Cash Flows From Investing Activities	'	'
Purchases of securities available for sale	-34,977	-55,086
Proceeds from principal payments, sales, maturities and calls of securities	48,883	42,583
Net change in loans	-27,925	-23,668
Proceeds from sale of Federal Home Loan Bank stock	750	'
Purchases of bank premises and equipment	-705	-897
Proceeds from the sale of other real estate	1,551	754
Net cash from investing activities	-12,423	-36,314
Cash Flows From Financing Activities:	'	'
Net change in deposits	-19,991	-14,681
Net change in repurchase agreements and other borrowings	3,079	17,238
Short-term advances from Federal Home Loan Bank	105,000	41,000
Payment on short-term Federal Home Loan Bank advances	-85,000	-31,000
Long-term advances from Federal Home Loan Bank	6,538	8,200
Payments on long-term Federal Home Loan Bank advances	-2,971	-5,991
Payments on note payable	'	-500
Purchase of common stock	-91	-87
Dividends paid	-1,361	-1,307
Net cash from financing activities	5,203	12,872
Net change in cash and cash equivalents	-8,121	-17,458
Cash and cash equivalents at beginning of period	23,160	31,764
Cash and cash equivalents at end of period	15,039	14,306
Cash paid during the year for:	'	'
Interest expense	1,917	1,560
Income taxes	700	975
Supplemental disclosures of non-cash investing activities	'	'
Real estate acquired through foreclosure	$419	$248

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	The financial information presented as of any date other than December 31 has been prepared from the Company’s books and records without audit.  The accompanying consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X.  Certain financial information that is normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America, but is not required for interim reporting purposes, has been condensed or omitted.  There have been no significant changes to the Company’s accounting and reporting policies as disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.  In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of such financial statements, have been included.  The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year.
	For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
	Basis of Presentation:  The consolidated financial statements include the accounts of Kentucky Bancshares, Inc. (the “Company”, “we”, “our” or “us”), its wholly-owned subsidiary, Kentucky Bank (the “Bank”), and the Bank’s wholly-owned subsidiary, KB Special Assets Unit, LLC.  Intercompany transactions and balances have been eliminated in consolidation.
	Nature of Operations:  The Bank operates under a state bank charter and provides full banking services, including trust services, to customers located in Bourbon, Clark, Elliott, Fayette, Harrison, Jessamine, Madison, Rowan, Scott, Woodford and adjoining counties in Kentucky.  Management continues to consider opportunities for branch expansion and will also consider acquisition opportunities that help advance its strategic objectives.  As a state bank, the Bank is subject to regulation by the Kentucky Department of Financial Institutions and the Federal Deposit Insurance Corporation (“FDIC”).  The Company, a bank holding company, is regulated by the Federal Reserve.  On July 9, 2014, a new subsidiary of the Company was incorporated under the name KBI Insurance Company, Inc.  KBI Insurance Company, Inc. is a subsidiary of Kentucky Bancshares, Inc. and is located in Las Vegas, Nevada.  It is a captive insurance subsidiary which insures various liability and property damage policies for Kentucky Bancshares, Inc. and its related subsidiaries.  KBI Insurance Company, Inc. is regulated by the State of Nevada Division of Insurance.
	Estimates in the Financial Statements:  The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates and such differences could be material to the financial statements.  The allowance for loan losses, loss contingencies, mortgage servicing rights, real estate owned, goodwill and fair value of financial instruments are particularly subject to change.
	Trading Assets:  The Company engages in trading activities for its own account.  Securities that are held principally for resale in the near term are recorded at fair value with changes in fair value included in earnings. Interest and dividends are included in net interest income.
	Loss Contingencies:  Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated.
	Pension Matter:  The Company terminated the Kentucky Bancshares, Inc. Retirement Plan and Trust (the “Plan”) in a standard termination, with a termination date of December 31, 2008.  Prior to such termination, the Pension Protection Act of 2006 (“PPA”) had amended Internal Revenue Code (“IRC”) Section 417(e)(3) in part by changing the definition of “applicable interest rate” in a manner that in most cases (when combined with other changes to IRC Section 417(e)(3)) would result in a decrease in the value of a participant’s or beneficiary’s plan benefits under pension plans such as the Company’s Plan with the new definition applicable (for most plans, including the Plan) to lump sums with annuity starting dates in or after the 2008 plan year.  The Plan had determined in mid-2008 to comply with IRC Section 417(e)(3), as amended by PPA, by using the assumptions governing minimum lump sums, rather than by using the pre-PPA minimum lump sum assumptions, and operated the Plan in compliance with that decision.  As permitted by the IRC, the Plan was amended on February 24, 2009 (after the termination of the Plan on December 31, 2008) to formalize that decision in accordance with Section 1107 of PPA.
	The Internal Revenue Service issued a favorable determination as to the Plan termination in July 2010.  Subsequent to Plan termination and distributions to Plan participants, the Plan was selected for audit by the Pension Benefit Guaranty Corporation (“PBGC”).  The PBGC asserted that the February, 2009 amendment to the Plan violated PBGC Regulation Section 4041.8(a) because the amendment served to lower benefits to Plan beneficiaries.  The PBGC filed a Complaint in May 2013 in United States District Court (Eastern District of Kentucky) to require the Company to make additional distributions to Plan beneficiaries.  On March 17, 2014, the United States District Court (Eastern District of Kentucky) issued an Opinion and Order entering judgment in favor of the PBGC and ruling that the Company must comply with the PBGC’s determination respecting the Plan.  The Company is appraising its options with respect to this judgment, and has appealed the decision. The appeal is pending.  However, in light of the court’s opinion, the Company accrued approximately $1.6 million as of December 31, 2013 for this matter.  The accrued balance for this matter remains $1.6 million at June 30, 2014.  Moreover, in the event the subject court decision is not overturned, the Company believes it has claims for further contribution towards payment of this liability from professionals who assisted the Company in the termination of the Plan.
	Reclassifications:  Some items in the prior year financial statements were reclassified to conform to the current presentation.  Reclassifications had no effect on prior period net income or stockholders’ equity.
	Adoption of New Accounting Standards
	In January 2014, the FASB issued Accounting Standards Update (“ASU”) 2014-04 - Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage loans upon Foreclosure. This standard provides clarification when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be removed from the balance sheet and other real estate owned recognized. These amendments clarify that when an in-substance foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan upon either: (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure, or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. For public business entities (PBEs) this ASU is effective for annual periods, and interim periods within those annual periods, beginning after Dec 15, 2014.  For entities that are not PBEs, this ASU is effective for annual periods beginning after Dec 15, 2014, and for interim periods within annual periods beginning after Dec 15, 2015.  Early adoption is permitted.  The effect of adopting this standard is not expected to have a material effect on the Company’s results of operations or financial condition.
	In May 2014, FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606). The ASU creates a new topic, Topic 606, to provide guidance on revenue recognition for entities that enter into contracts with customers to transfer goods or services or enter into contracts for the transfer of nonfinancial assets. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additional disclosures are required to provide quantitative and qualitative information regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The new guidance is effective for annual reporting periods, and interim reporting periods within those annual periods, beginning after December 15, 2016. Early adoption is not permitted. Management is currently evaluating the impact of the adoption of this guidance on the Company’s financial statements.

SECURITIES

SECURITIES	6 Months Ended
	Jun. 30, 2014
SECURITIES	'
SECURITIES	'
	2. SECURITIES
	SECURITIES AVAILABLE FOR SALE
	Period-end securities are as follows:
	(in thousands)
				Gross			Gross
		Amortized		Unrealized			Unrealized			Fair
		Cost		Gains			Losses			Value
	Available for Sale
	June 30, 2014
	U.S. government agencies	$	69,062	$	19		$	(1,809	)	$	67,272
	States and political subdivisions	85,375		2,894			(731		)	87,538
	Mortgage-backed - residential	69,681		315			(932		)	69,064
	Equity securities	270		24			—			294
	Total	$	224,388	$	3,252		$	(3,472	)	$	224,168
	December 31, 2013
	U.S. government agencies	$	73,930	$	51		$	(4,695	)	$	69,286
	States and political subdivisions	91,043		1,614			(2,474		)	90,183
	Mortgage-backed - residential	72,920		44			(2,326		)	70,638
	Equity securities	270		19			—			289
	Total	$	238,163	$	1,728		$	(9,495	)	$	230,396
	The amortized cost and fair value of securities at June 30, 2014 by contractual maturity are shown below.  Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.  Securities not due at a single maturity are shown separately.  Further discussion concerning Fair Value Measurements can be found in Note 8.
	(in thousands)
		Amortized		Fair
		Cost		Value
	Due in one year or less	$	467	$	469
	Due after one year through five years	8,888		8,897
	Due after five years through ten years	80,302		79,607
	Due after ten years	64,780		65,837
		154,437		154,810
	Mortgage-backed - residential	69,681		69,064
	Equity	270		294
	Total	$	224,388	$	224,168
	Proceeds from sales of securities during the first six months of 2014 and 2013 were $40.0 million and $27.2 million.  Gross gains of $785 thousand and $774 thousand and gross losses of $352 thousand and $0 were realized on those sales, respectively.  The tax provision related to these realized net gains was $147 thousand and $263 thousand, respectively.
	Proceeds from sales of securities during the three months ending June 30, 2014 and June 30, 2013 were $23.5 million and $16.7 million.  Gross gains of $477 thousand and $485 thousand and gross losses of $232 thousand and $0 were realized on those sales, respectively.  The tax provision related to these realized gains and losses was $83 thousand and $165 thousand, respectively.
	Securities with unrealized losses June 30, 2014 and at December 31, 2013 not recognized in income are as follows:
	June 30, 2014
		Less than 12 Months					12 Months or More						Total
		Fair		Unrealized			Fair			Unrealized			Fair		Unrealized
	Description of Securities	Value		Loss			Value			Loss			Value		Loss
	U.S. Government agencies	$	12,771	$	(142	)	$	53,774		$	(1,667	)	$	66,545	$	(1,809	)
	States and municipals	4,426		(66		)	13,892			(665		)	18,318		(731		)
	Mortgage-backed - residential	10,695		(167		)	25,753			(765		)	36,448		(932		)
	Total temporarily impaired	$	27,892	$	(375	)	$	93,419		$	(3,097	)	$	121,311	$	(3,472	)
	December 31, 2013
		Less than 12 Months					12 Months or More						Total
		Fair		Unrealized			Fair			Unrealized			Fair		Unrealized
	Description of Securities	Value		Loss			Value			Loss			Value		Loss
	U.S. Government agencies	$	57,203	$	(3,812	)	$	8,117		$	(883	)	$	65,320	$	(4,695	)
	States and municipals	32,289		(2,106		)	2,879			(368		)	35,168		(2,474		)
	Mortgage-backed - residential	62,126		(2,326		)	—			—			62,126		(2,326		)
	Total temporarily impaired	$	151,618	$	(8,244	)	$	10,996		$	(1,251	)	$	162,614	$	(9,495	)
	The Company evaluates securities for other than temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation.  In analyzing an issuer’s financial condition, we may consider many factors including, (1) whether the securities are issued by the federal government or its agencies, (2) whether downgrades by bond rating agencies have occurred, (3) the results of reviews of the issuer’s financial condition and near-term prospects, (4) the length of time and the extent to which the fair value has been less than cost, and (5) whether we intend to sell the investment security or more likely than not will be required to sell the investment security before its anticipated recovery.
	Unrealized losses on securities included in the tables above have not been recognized into income because (1) all rated securities are investment grade and are of high credit quality, (2) management does not intend to sell and it is more likely than not that management would not be required to sell the securities prior to their anticipated recovery, (3) management believes the decline in fair value is largely due to changes in interest rates and (4) management believes the declines in fair value are temporary.  The Company believes the fair value is expected to recover as the securities approach maturity.
	TRADING ASSETS
	The trading assets of $5.2 million are primarily comprised of municipal securities which are held for a very short period of time.

LOANS

LOANS	6 Months Ended
	Jun. 30, 2014
LOANS	'
LOANS	'
	3. LOANS
	Loans at period-end are as follows:
	(in thousands)
		6/30/14		12/31/13
	Commercial	$	33,727	$	34,654
	Real estate construction	13,393		11,177
	Real estate mortgage:
	1-4 family residential	208,620		194,388
	Multi-family residential	18,805		16,420
	Non-farm & non-residential	131,795		126,791
	Agricultural	72,605		68,002
	Consumer	16,947		17,065
	Other	242		158
	Total	$	496,134	$	468,655
	Activity in the allowance for loan losses for the six and three month periods indicated was as follows:
		Six Months Ended June 30, 2014
		(in thousands)
		Beginning									Ending
		Balance		Charge-offs		Recoveries		Provision			Balance
	Commercial	$	230	$	200	$	—	$	201		$	231
	Real estate Construction	358		—		8		(7		)	359
	Real estate mortgage:
	1-4 family residential	2,169		88		16		227			2,324
	Multi-family residential	427		—		—		(100		)	327
	Non-farm & non-residential	564		—		367		(197		)	734
	Agricultural	578		—		25		(57		)	546
	Consumer	548		153		41		107			543
	Other	51		202		159		25			33
	Unallocated	516		—		—		1			517
		$	5,441	$	643	$	616	$	200		$	5,614
		Three Months Ended June, 30 2014
		(in thousands)
		Beginning									Ending
		Balance		Charge-offs		Recoveries		Provision			Balance
	Commercial	$	208	$	—	$	—	$	23		$	231
	Real estate Construction	329		—		4		26			359
	Real estate mortgage:
	1-4 family residential	2,111		25		4		234			2,324
	Multi-family residential	401		—		—		(74		)	327
	Non-farm & non-residential	930		—		—		(196		)	734
	Agricultural	553		—		1		(8		)	546
	Consumer	550		76		23		46			543
	Other	11		105		72		55			33
	Unallocated	523		—		—		(6		)	517
		$	5,616	$	206	$	104	$	100		$	5,614
		Six Months Ended June 30, 2013
		(in thousands)
		Beginning									Ending
		Balance		Charge-offs		Recoveries		Provision			Balance
	Commercial	$	150	$	11	$	28	$	(16	)	$	151
	Real estate Construction	918		578		21		12			373
	Real estate mortgage:
	1-4 family residential	1,989		141		56		80			1,984
	Multi-family residential	414		161		39		189			481
	Non-farm & non-residential	628		—		18		31			677
	Agricultural	845		86		3		(101		)	661
	Consumer	517		252		18		265			548
	Other	54		309		206		141			92
	Unallocated	532		—		—		(1		)	531
		$	6,047	$	1,538	$	389	$	600		$	5,498
		Three Months Ended June 30, 2013
		(in thousands)
		Beginning									Ending
	Balance		Charge-offs		Recoveries		Provision			Balance
Commercial	$	135	$	5	$	—	$	21		$	151
Real estate Construction	497		—		16		(140		)	373
Real estate mortgage:
1-4 family residential	1,974		16		30		(4		)	1,984
Multi-family residential	493		161		39		110			481
Non-farm & non-residential	611		—		10		56			677
Agricultural	747		—		1		(87		)	661
Consumer	511		104		7		134			548
Other	99		172		80		85			92
Unallocated	556		—		—		(25		)	531
	$	5,623	$	458	$	183	$	150		$	5,498
The following tables present the balance in the allowance for loan losses and the recorded investment (excluding accrued interest receivable amounting to $2.0 million as of June 30, 2014 and $2.3 million at December 31, 2013) in loans by portfolio segment and based on impairment method as of June 30, 2014 and December 31, 2013:
As of June 30, 2014
(in thousands)
	Individually		Collectively
	Evaluated for		Evaluated for
	Impairment		Impairment		Total
Allowance for Loan Losses:
Commercial	$	—	$	231	$	231
Real estate construction	—		359		359
Real estate mortgage:
1-4 family residential	326		1,998		2,324
Multi-family residential	50		277		327
Non-farm & non-residential	182		552		734
Agricultural	260		286		546
Consumer	—		543		543
Other	—		33		33
Unallocated	—		517		517
	$	818	$	4,796	$	5,614
Loans:
Commercial	$	—	$	33,727	$	33,727
Real estate construction	—		13,393		13,393
Real estate mortgage:
1-4 family residential	3,196		205,424		208,620
Multi-family residential	345		18,460		18,805
Non-farm & non-residential	3,937		127,858		131,795
Agricultural	9,534		63,071		72,605
Consumer	—		16,947		16,947
Other	—		242		242
	$	17,012	$	479,122	$	496,134
As of December 31, 2013
(in thousands)
	Individually		Collectively
	Evaluated for		Evaluated for
	Impairment		Impairment		Total
Allowance for Loan Losses:
Commercial	$	—	$	230	$	230
Real estate construction	—		358		358
Real estate mortgage:
1-4 family residential	228		1,941		2,169
Multi-family residential	76		351		427
Non-farm & non-residential	110		454		564
Agricultural	298		280		578
Consumer	—		548		548
Other	—		51		51
Unallocated	—		516		516
	$	712	$	4,729	$	5,441
Loans:
Commercial	$	—	$	34,654	$	34,654
Real estate construction	—		11,177		11,177
Real estate mortgage:
1-4 family residential	2,873		191,515		194,388
Multi-family residential	274		16,146		16,420
Non-farm & non-residential	2,716		124,075		126,791
Agricultural	7,673		60,329		68,002
Consumer	—		17,065		17,065
Other	—		158		158
	$	13,536	$	455,119	$	468,655
The following table presents loans individually evaluated for impairment by class of loans as of and for the six months ended June 30, 2014 (in thousands):
	Unpaid				Allowance for		Average			Interest		Cash Basis
	Principal		Recorded		Loan Losses		Recorded			Income		Interest
	Balance		Investment		Allocated		Investment			Recognized		Recognized
With no related allowance recorded:
Commercial	$	—	$	—	$	—	$	—		$	—	$	—
Real estate construction	—		—		—		—			—		—
Real estate mortgage:
1-4 family residential	1,302		1,302		—		1,002			—		—
Multi-family residential	—		—		—		—			—		—
Non-farm & non-residential	—		—		—		267			—		—
Agricultural	4,780		4,780		—		2,684			80		80
Consumer	—		—		—		—			—		—
Other	—		—		—		—			—		—
With an allowance recorded:
Commercial	—		—		—		—			—		—
Real estate construction	—		—		—		—			—		—
Real estate mortgage:
1-4 family residential	1,894		1,894		326		1,991			44		44
Multi-family residential	345		345		50		323			5		5
Non-farm & non-residential	3,937		3,937		182		3,043			73		73
Agricultural	4,754		4,754		260		5,034			19		19
Consumer	—		—		—		—			—		—
Other	—		—		—		—					—
Total	$	17,012	$	17,012	$	818	$	14,344		$	221	$	221
The recorded investment in loans excludes accrued interest receivable and loan origination fees, net due to immateriality.
The following table presents loans individually evaluated for impairment by class of loans as of and for the year ended December 31, 2013 (in thousands):
	Unpaid				Allowance for		Average			Interest		Cash Basis
	Principal		Recorded		Loan Losses		Recorded			Income		Interest
	Balance		Investment		Allocated		Investment			Recognized		Recognized
With no related allowance recorded:
Commercial	$	—	$	—	$	—	$	—		$	—	$	—
Real estate construction	—		—		—		—			—		—
Real estate mortgage:
1-4 family residential	824		793		—		1,217			28		28
Multi-family residential	—		—		—		—			—		—
Non-farm & non-residential	1,650		803		—		1,471			81		81
Agricultural	2,912		2,826		—		2,802			123		123
Consumer	—		—		—		—			—		—
Other	—		—		—		—			—		—
With an allowance recorded:
Commercial	—		—		—		—			—		—
Real estate construction	—		—		—		607			—		—
Real estate mortgage
1-4 family residential	2,080		2,080		228		1,349			96		96
Multi-family residential	274		274		76		443			3		3
Non-farm & non-residential	1,913		1,913		110		1,938			79		79
Agricultural	4,847		4,847		298		4,864			287		287
Consumer	—		—		—		—			—		—
Other	—		—		—		—					—
Total	$	14,501	$	13,536	$	712	$	14,691		$	697	$	697
The recorded investment in loans excludes accrued interest receivable and loan origination fees, net due to immateriality.
The following table presents loans individually evaluated for impairment by class of loans as of and for the six months ended June 30, 2013 (in thousands):
	Average		Interest		Cash Basis
	Recorded		Income		Interest
	Investment		Recognized		Recognized
With no related allowance recorded:
Commercial	$	—	$	—	$	—
Real estate construction	—		—		—
Real estate mortgage:
1-4 family residential	1,253		21		21
Multi-family residential	—		—		—
Non-farm & non-residential	1,625		40		40
Agricultural	2,873		9		9
Consumer	—		—		—
Other	—		—		—
With an allowance recorded:
Commercial	—		—		—
Real estate construction	—		—
Real estate mortgage:
1-4 family residential	874		21		21
Multi-family residential	511		3		3
Non-farm & non-residential	2,641		40		40
Agricultural	4,711		57		57
Consumer	—		—		—
Other	—				—
Total	$	14,488	$	191	$	191
The recorded investment in loans excludes accrued interest receivable and loan origination fees, net due to immateriality.
The following tables present loans individually evaluated for impairment by class of loans for the three months ending June 30, 2014 and June 30, 2013 (in thousands):
	Three Months Ending June 30, 2014
	Average		Interest		Cash Basis
	Recorded		Income		Interest
	Investment		Recognized		Recognized
With no related allowance recorded:
Commercial	$	—	$	—	$	—
Real estate construction	—		—		—
Real estate mortgage:
1-4 family residential	1,562		—		—
Multi-family residential	—		—		—
Non-farm & non-residential	—		—		—
Agricultural	2,836		77		77
Consumer	—		—		—
Other	—		—		—
With an allowance recorded:
Commercial	—		—		—
Real estate construction	—		—		—
Real estate mortgage:
1-4 family residential	1,377		38		38
Multi-family residential	310		1		1
Non-farm & non-residential	3,553		48		48
Agricultural	4,755		19		19
Consumer	—		—		—
Other	—		—		—
Total	$	14,393	$	183	$	183
The recorded investment in loans excludes accrued interest receivable and loan origination fees, net due to immateriality.
	Three Months Ending June 30, 2013
	Average		Interest		Cash Basis
	Recorded		Income		Interest
	Investment		Recognized		Recognized
With no related allowance recorded:
Commercial	$	—	$	—	$	—
Real estate construction	—		—		—
Real estate mortgage:
1-4 family residential	1,035		2		2
Multi-family residential	—		—		—
Non-farm & non-residential	1,065		20		20
Agricultural	2,854		3		3
Consumer	—		—		—
Other	—		—		—
With an allowance recorded:
Commercial	—		—		—
Real estate construction	—		—		—
Real estate mortgage:
1-4 family residential	1,016		7		7
Multi-family residential	669		1		1
Non-farm & non-residential	2,421		20		20
Agricultural	4,744		7		7
Consumer	—		—		—
Other	—		—		—
Total	$	13,804	$	60	$	60
The recorded investment in loans excludes accrued interest receivable and loan origination fees, net due to immateriality.
The following tables present the recorded investment in nonaccrual, loans past due over 90 days still on accrual and accruing troubled debt restructurings by class of loans as of June 30, 2014 and December 31, 2013:
As of June 30, 2014
(in thousands)
			Loans Past Due
			Over 90 Days		Accruing
			Still		Troubled Debt
	Nonaccrual		Accruing		Restructurings
Commercial	$	299	$	—	$	—
Real estate construction	—		—		—
Real estate mortgage:
1-4 family residential	2,350		266		487
Multi-family residential	85		—		—
Non-farm & non-residential	988		—		1,853
Agricultural	216		—		4,530
Consumer	—		—		—
Total	$	3,938	$	266	$	6,870
As of December 31, 2013
(in thousands)
			Loans Past Due
			Over 90 Days		Accruing
			Still		Troubled Debt
	Nonaccrual		Accruing		Restructurings
Commercial	$	—	$	—	$	—
Real estate construction	—		—		—
Real estate mortgage:
1-4 family residential	1,171		314		493
Multi-family residential	275		—		—
Non-farm & non-residential	803		—		1,878
Agricultural	717		232		4,530
Consumer	8		8		—
Total	$	2,974	$	554	$	6,901
Nonaccrual loans secured by real estate make up 92.4% of the total nonaccruals at June 30, 2014.
Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans.
A loan is considered impaired when, based on current information and events, it is probable that a creditor will be unable to collect all amounts due according to the contractual terms of the loan agreement.  All amounts due according to the contractual terms means that both the contractual interest payments and the contractual principal payments of a loan will be collected as scheduled in the loan agreement.  Nonaccrual loans are loans for which payments in full of principal or interest is not expected or which principal or interest has been in default for a period of 90 days or more unless the asset is both well secured and in the process of collection.  Other impaired loans may be loans showing signs of weakness or interruptions in cash flow, but ultimately are current or less than 90 days past due with respect to principal and interest and for which we anticipate full payment of principal and interest but not in accordance with contractual terms.
Additional factors considered by management in determining impairment and non-accrual status include payment status, collateral value, availability of current financial information, and the probability of collecting all contractual principal and interest payments.
During the first six months of 2014, $419 thousand in impaired loans were transferred to other real estate owned.  Additionally, $643 thousand in loan balances were charged off during the first six months of 2014 and $616 thousand in prior loan charge offs were recovered.
The following tables present the aging of the recorded investment in past due and non-accrual loans as of June 30, 2014 and December 31, 2013 by class of loans:
As of June 30, 2014
(in thousands)
	30–59		60–89		Loans Past Due					Total
	Days		Days		Over 90 Days					Past Due &		Loans Not
	Past Due		Past Due		Still Accruing		Non-accrual			Non-accrual		Past Due
Commercial	$	79	$	—	$	—	$	299		$	378	$	33,349
Real estate construction	—		—		—		—			—		13,393
Real estate mortgage:
1-4 family residential	1,788		433		266		2,350			4,837		203,783
Multi-family residential	—		260		—		85			345		18,460
Non-farm & non-residential	777		—		—		988			1,765		130,030
Agricultural	312		—		—		216			528		72,077
Consumer	151		44		—		—			195		16,752
Other	—		—		—		—			—		242
Total	$	3,107	$	737	$	266	$	3,938		$	8,048	$	488,086
As of December 31, 2013
(in thousands)
	30–59		60–89		Greater than					Total
	Days		Days		90 Days					Past Due &		Loans Not
	Past Due		Past Due		Past Due		Non-accrual			Non-accrual		Past Due
Commercial	$	49	$	—	$	—	$	—		$	49	$	34,605
Real estate construction	175		—		—		—			175		11,002
Real estate mortgage:
1-4 family residential	1,981		1,285		314		1,171			4,751		189,637
Multi-family residential	—		—		—		275			275		16,145
Non-farm & non-residential	503		—		—		803			1,306		125,485
Agricultural	155		—		232		717			1,104		66,898
Consumer	102		27		8		8			145		16,920
Other	—		—		—		—			—		158
Total	$	2,965	$	1,312	$	554	$	2,974		$	7,805	$	460,850
Troubled Debt Restructurings:
The Company has allocated $398 thousand in specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of June 30, 2014.  The Company allocated $428 thousand for specific reserves to customers whose loan terms had been modified in troubled debt restructuring as of December 31, 2013.  The Company has not committed to lend additional amounts as of June 30, 2014 and December 31, 2013 to customers with outstanding loans that are classified as troubled debt restructurings.  There were no troubled debt restructurings for which there was a payment default within twelve months following the modification during the periods ending June 30, 2014 and 2013.
No loans were modified as troubled debt restructurings during the six months ending June 30, 2014 and 2013.
Credit Quality Indicators:
The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as:  current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors.  The Company analyzes loans individually by classifying the loans as to credit risk.  This analysis is performed on a quarterly basis.  The Company uses the following definitions for risk ratings:
Special Mention.  Loans classified as special mention have one or more potential weaknesses that deserve management’s close attention.  If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.
Substandard.  Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any.  Loans so classified have a well-defined and documented weakness or weaknesses that jeopardize the liquidation of the debt.  They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.
Doubtful.  Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.
Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans.
As of June 30, 2014 and December 31, 2013, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:
As of June 30, 2014
(in thousands)
			Special
	Pass		Mention		Substandard		Doubtful
Commercial	$	31,932	$	1,241	$	554	$	—
Real estate construction	11,934		1,459		—		—
Real estate mortgage:
1-4 family residential	190,893		10,040		7,666		21
Multi-family residential	16,738		1,555		512		—
Non-farm & non-residential	125,306		5,050		1,439		—
Agricultural	58,709		12,353		1,543		—
Total	$	435,512	$	31,698	$	11,714	$	21
As of December 31, 2013
(in thousands)
			Special
	Pass		Mention		Substandard		Doubtful
Commercial	$	32,771	$	1,587	$	296	$	—
Real estate construction	9,660		1,517		—		—
Real estate mortgage:
1-4 family residential	176,553		10,346		7,489		—
Multi-family residential	14,392		1,579		449		—
Non-farm & non-residential	120,195		5,327		1,269		—
Agricultural	56,713		7,297		3,992		—
Total	$	410,284	$	27,653	$	13,495	$	—
For consumer loans, the Company evaluates the credit quality based on the aging of the recorded investment in loans, which was previously presented.  Non-performing consumer loans are loans which are greater than 90 days past due or on non-accrual status, and total $0 at June 30, 2014 and $16 thousand at December 31, 2013.

REAL_ESTATE_OWNED

REAL ESTATE OWNED	6 Months Ended
	Jun. 30, 2014
REAL ESTATE OWNED	'
REAL ESTATE OWNED	'
	4.  REAL ESTATE OWNED
	Activity in real estate owned, net was as follows:
		Six Months Ended
		2014			2013
		(in thousands)
	Beginning of year	$	3,379		$	4,168
	Additions	419			335
	Sales	(1,540		)	(924		)
	(Additions) subtractions to valuation allowance, net	(10		)	10
	Recovery from sale in valuation allowance	58			199
	End of period	$	2,306		$	3,788
	Activity in the valuation allowance was as follows:
		Six Months Ended
		2014			2013
		(in thousands)
	Beginning of year	$	1,524		$	1,668
	Additions (subtractions) to valuation allowance, net	10			(10		)
	Recovery from sale	(58		)	(199		)
	End of period	$	1,476		$	1,459
	Expenses related to foreclosed assets include:
		Six Months Ended
		2014			2013
		(in thousands)
	Net loss (gain) on sales	$	(70	)	$	(30	)
	Additions (subtractions) to valuation allowance, net	10			(10		)
	Operating expenses (receipts), net of rental income	13			45
	Repossession expenses, net	23			35
	End of period	$	(47	)	$	5

EARNINGS_PER_SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2014
EARNINGS PER SHARE	'
EARNINGS PER SHARE	'
	5.  EARNINGS PER SHARE
	Basic earnings per common share is net income divided by the weighted average number of common shares outstanding during the period.  Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock based compensation agreements.
	The factors used in the earnings per share computation follow:
		Six Months Ended
		June 30
		2014		2013
		(in thousands)
	Basic Earnings Per Share
	Net Income	$	3,675	$	3,494
	Weighted average common shares outstanding	2,708		2,705
	Basic earnings per share	$	1.36	$	1.29
	Diluted Earnings Per Share
	Net Income	$	3,675	$	3,494
	Weighted average common shares outstanding	2,708		2,705
	Add dilutive effects of assumed vesting of stock grants	—		4
	Weighted average common and dilutive potential common shares outstanding	2,708		2,709
	Diluted earnings per share	$	1.36	$	1.29
		Three Months Ended
		June 30
		2014		2013
		(in thousands)
	Basic Earnings Per Share
	Net Income	$	1,904	$	1,785
	Weighted average common shares outstanding	2,708		2,704
	Basic earnings per share	$	0.7	$	0.66
	Diluted Earnings Per Share
	Net Income	$	1,904	$	1,785
	Weighted average common shares outstanding	2,708		2,704
	Add dilutive effects of assumed vesting of stock grants	—		4
	Weighted average common and dilutive potential common shares outstanding	2,708		2,708
	Diluted earnings per share	$	0.7	$	0.66
	Stock options for 12,725 shares of common stock for the six and three months ended June 30, 2014 and 19,500 shares of common stock for the six and three months ended June 30, 2013 were excluded from diluted earnings per share because their impact was antidilutive.

STOCK_COMPENSATION

STOCK COMPENSATION	6 Months Ended
	Jun. 30, 2014
STOCK COMPENSATION	'
STOCK COMPENSATION	'
	6.  STOCK COMPENSATION
	We have four stock based compensation plans as described below.
	Two Stock Option Plans
	Under our now expired 1999 Employee Stock Option Plan (the “1999 Plan”), we granted certain officers and key employees stock option awards which vest and become fully exercisable at the end of five years and provide for issuance of up to 100,000 options.  Under the now expired 1993 Non-Employee Directors Stock Ownership Incentive Plan (together with the 1999 Plan, the “Stock Option Plans”), we also granted certain directors stock option awards which vest and become fully exercisable immediately and provide for issuance of up to 20,000 options.  For each Stock Option Plan, the exercise price of each option, which has a ten year life, was equal to the market price of our stock on the date of grant.
	The combined summary of activity for 2014 in the expired Stock Option Plans follows:
							Weighted
				Weighted			Average
				Average			Remaining		Aggregate
				Exercise			Contractual		Intrinsic
		Shares		Price			Term		Value
	Outstanding, beginning of year	19,100		$	31.5
	Granted	—		—
	Forfeited or expired	(6,375	)	33.56
	Exercised	—		—
	Outstanding, end of period	12,725		$	30.46		10.9 months		$	—
	Vested and expected to vest	12,725		$	30.46		10.9 months		$	—
	Exercisable, end of period	12,725		$	30.46		10.9 months		$	—
	As of June 30, 2014, there was no unrecognized compensation cost related to nonvested stock options granted under either Stock Option Plan.  Since both Stock Option Plans have expired, no additional options can be granted under either of these plans.
	2005 Restricted Stock Grant Plan
	On May 10, 2005, our stockholders approved a restricted stock grant plan.  Total shares issuable under the plan are 50,000.  We issued 7,475 shares during 2014 and 6,065 shares during 2013.  There were no shares forfeited during the first six months of 2014 or 2013.  As of June 30, 2014, the restricted stock grant plan allows for additional restricted stock share awards of up to 4,995 shares.
	A summary of changes in the Company’s nonvested shares for the year follows:
				Weighted-Average			Fair
				Grant-Date			Value
	Nonvested Shares	Shares		Fair Value			Per Share
	Nonvested at January 1, 2014	15,565		$	280,016		$	17.99
	Granted	7,475		181,194			24.24
	Vested	(4,756	)	(84,518		)	17.77
	Forfeited	—		—			—
	Nonvested at June 30, 2014	18,284		$	376,692		$	20.6
	As of June 30, 2014, there was $327,197 of total unrecognized compensation cost related to nonvested shares granted under the restricted stock grant plan.  The cost is expected to be recognized over a weighted-average period of 5 years.
	2009 Stock Award Plan
	On May 13, 2009, our stockholders approved a stock award plan that provides for the granting of both incentive and nonqualified stock options and other share based awards.  Total shares issuable under the plan are 150,000.  We issued no stock grants during the first six months of 2014 and 900 shares during the first six months of 2013.  As of June 30, 2014, 149,100 shares are still available for issuance.
	A summary of changes in the Company’s nonvested shares for the year follows:
				Weighted-Average			Fair
				Grant-Date			Value
	Nonvested Shares	Shares		Fair Value			Per Share
	Nonvested at January 1, 2014	900		$	20,880		$	23.2
	Granted	—		—			—
	Vested	(180	)	(4,176		)	23.2
	Forfeited	—		—			—
	Nonvested at June 30, 2014	720		$	16,704		$	23.2
	As of June 30, 2014, there was $15,312 of total unrecognized compensation cost related to nonvested shares granted under the restricted stock grant plan.  The cost is expected to be recognized over a weighted-average period of 5 years.

OTHER_BORROWINGS

OTHER BORROWINGS	6 Months Ended
	Jun. 30, 2014
OTHER BORROWINGS	'
OTHER BORROWINGS	'
	7.  OTHER BORROWINGS
	The Company had a $5 million revolving promissory note which was scheduled to mature July 27, 2014.  The Company renewed this note with similar terms as the original note, with the maturity date of July 26, 2015.  The Company has no outstanding balances related to this promissory note at June 30, 2014.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2014
FAIR VALUE MEASUREMENTS	'
FAIR VALUE MEASUREMENTS	'
	8.  FAIR VALUE MEASUREMENTS
	ASC Topic 820, “Fair Value Measurements and Disclosures”, defines fair value, establishes a framework for measuring fair value, and sets forth disclosures about fair value measurements.  ASC Topic 825, “Financial Instruments”, allows entities to choose to measure certain financial assets and liabilities at fair value.  The Company has not elected the fair value option for any financial assets or liabilities.
	ASC Topic 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  It also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.  This Topic describes three levels of inputs that may be used to measure fair value:
	Level 1 — Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.
	Level 2 — Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
	Level 3 — Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.
	The Company used the following methods and significant assumptions to estimate the fair value:
	Investment Securities and Trading Assets:  The fair values for available for sale investment securities and trading assets are determined by quoted market prices, if available (Level 1).  For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2).  For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3).
	Impaired Loans:  The fair value of impaired loans with specific allocations of the allowance for loan losses is generally based on recent third party real estate appraisals.  These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available.  Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value.
	Other Real Estate Owned:  The fair value of certain commercial and residential real estate properties classified as other real estate owned (OREO) are generally based on third party appraisals of the property, resulting in a Level 3 classification.   In cases where the carrying amount exceeds the fair value, less costs to sell, an impairment loss is recognized.
	Mortgage Servicing Rights:  Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively based on a valuation model that calculates the present value of estimated future net servicing income, resulting in a Level 3 classification.
	Assets and Liabilities Measured on a Recurring Basis
	Available for sale investment securities and trading assets are the Company’s only balance sheet items that meet the disclosure requirements for instruments measured at fair value on a recurring basis.  Disclosures are as follows in the tables below.
	Fair Value Measurements at June 30, 2014 Using (In thousands):
					Quoted Prices
					In Active
					Markets for			Significant Other			Significant
					Identical			Observable			Unobservable
		Fair			Assets			Inputs			Inputs
	Description	Value			(Level 1)			(Level 2)			(Level 3)
	U. S. government agencies	$	67,272		$	—		$	67,272		$	—
	States and municipals	87,538			—			87,538			—
	Mortgage-backed - residential	69,064			—			69,064			—
	Equity securities	294			294			—			—
	Trading Assets	5,242			5,242			—			—
	Total	$	229,410		$	5,536		$	223,874		$	—
	Available for Sale Investment Securities Fair Value Measurements at December 31, 2013 Using (In thousands):
					Quoted Prices
					In Active
					Markets for			Significant Other			Significant
					Identical			Observable			Unobservable
		Fair			Assets			Inputs			Inputs
	Description	Value			(Level 1)			(Level 2)			(Level 3)
	U. S. government agencies	$	69,286		$	—		$	69,286		$	—
	States and municipals	90,183			—			90,183			—
	Mortgage-backed - residential	70,638			—			70,638			—
	Equity securities	289			289			—			—
	Total	$	230,396		$	289		$	230,107		$	—
	The Company held no trading assets at December 31, 2013.  Also, there were no transfers between level 1 and level 2 during 2014 or 2013.
	Assets measured at fair value on a non-recurring basis are summarized below:
	(In thousands)
		Fair Value Measurements at June 30, 2014 Using:
					Quoted Prices
					In Active				Other
					Markets for		Significant		Significant
					Identical		Observable		Unobservable
		Carrying			Assets		Inputs		Inputs
	Description	Value			(Level 1)		(Level 2)		(Level 3)
	Impaired loans:
	Real Estate Mortgage:
	1-4 family residential	$	1,137		—		—		$	1,137
	Multi-family residential	295			—		—		295
	Non-farm & non-residential	1,276			—		—		1,276
	Agricultural	220							220
	Other real estate owned:
	Residential	1,180			—		—		1,180
	Loan servicing rights	344			—		—		344
	(In thousands)
		Fair Value Measurements at December 31, 2013 Using:
					Quoted Prices
					In Active				Other
					Markets for		Significant		Significant
					Identical		Observable		Unobservable
	Carrying			Assets		Inputs		Inputs
Description	Value			(Level 1)		(Level 2)		(Level 3)
Impaired loans:
Real Estate Mortgage:
1-4 family residential	$	1,420		—		—		$	1,420
Multi-family residential	199			—		—		199
Non-farm & non-residential	36			—		—		36
Agricultural	275			—		—		275
Other real estate owned:
Residential	1,361			—		—		1,361
Loan servicing rights	201			—		—		201
Impaired loans, which are measured for impairment using the fair value of the collateral for collateral dependent loans, had a carrying amount of $2.9 million, which includes a valuation allowance of $370 thousand at June 30, 2014.  During the first six months of 2014, five new loans became impaired resulting in an additional provision for loan losses of $536 thousand.  The total allowance for specific impaired loans increased $106 thousand for the six months ending June 30, 2014 and decreased $28 thousand for the three months ending June 30, 2014. Other real estate owned, which is measured at fair value less costs to sell, had a net carrying amount of $1.2 million, which is made up of the outstanding balance of $2.7 million, net of a valuation allowance of $1.5 million at June 30, 2014.  The Company recorded $10 thousand in write-downs of other real estate owned properties for the six months and three months ending June 30, 2014 and none for the same time periods in 2013
Loan servicing rights, which are carried at the lower of cost or fair value, were carried at their fair value of $344 thousand, which is made up of the outstanding balance of $414 thousand, net of a valuation allowance of $70 thousand at June 30, 2014.  The Bank recorded net write-downs of $12 thousand for the six months ending June 30, 2014 and write-downs of $17 thousand for the three months ending June 30, 2014.  At December 31, 2013, loan servicing rights were carried at their fair value of $201 thousand, which is made up of the outstanding balance of $260 thousand, net of a valuation allowance of $59 thousand.
The following table presents quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at June 30, 2014 and December 31, 2013:
June 30, 2014
(In thousands)
							Range
	Fair		Valuation		Unobservable		(Weighted
	Value		Technique(s)		Input(s)		Average)
Impaired loans
Real estate mortgage:
1-4 family residential	1,137		sales comparison		adjustment for		0%-99%
					differences		-6%
					between the
					comparable sales
Multi-family residential	295		sales comparison		adjustment for		0%-32%
					differences		-3%
					between the
					comparable sales
Non-farm & non-residential	1,276		sales comparison		adjustment for		0%-61%
					differences		-20%
					between the
					comparable sales
Agricultural:	220		sales comparison		adjustment for		5%-44%
					differences		-24%
					between the
					comparable sales
Other real estate owned:
Residential	1,180		sales comparison		adjustment for		0%-32%
					differences		-6%
					between the
					comparable sales
			income approach		capitalization rate		8%-8%
							-8%
Loan Servicing Rights	344		discounted cash flow		constant prepayment		7%-22%
					rates		-11%
December 31, 2013
(In thousands)
							Range
	Fair		Valuation		Unobservable		(Weighted
	Value		Technique(s)		Input(s)		Average)
Impaired loans
Real estate mortgage:
1-4 family residential	1,420		sales comparison		adjustment for		0%-99%
					differences		-14%
					between the
					comparable sales
Multi-family residential	199		sales comparison		adjustment for		12%-32%
					differences		-22%
					between the
					comparable sales
Non-farm & non-residential	36		sales comparison		adjustment for		0%-61%
					differences		-31%
					between the
					comparable sales
Agricultural	275		sales comparison		adjustment for		5%-44%
					differences		-20%
					between the
					comparable sales
Other real estate owned:
Residential	1,361		sales comparison		adjustment for		0%-33%
					differences		-4%
					between the
					comparable sales
			income approach		capitalization rate		8%-8%
							-8%
Loan Servicing Rights	201		discounted cash flow		constant prepayment		7%-23%
					rates		-10%
Fair Value of Financial Instruments
The carrying amounts and estimated fair values of financial instruments, at June 30, 2014 and December 31, 2013 are as follows:
June 30, 2014:
(in thousands)
	Carrying
	Value			Level 1			Level 2			Level 3		Total
Financial assets
Cash and cash equivalents	$	15,039		$	15,039		$	—		$	—	$	15,039
Securities	224,168			294			223,874			—		224,168
Trading Assets	5,242			5,242			—					5,242
Mortgage loans held for sale	495			—			500			—		500
Loans, net	490,520			—			—			490,183		490,183
FHLB Stock	5,981			—			—			—		N/A
Interest receivable	3,254			—			1,216			2,038		3,254
Financial liabilities
Deposits	$	597,409		$	415,247		$	184,104		$	—	$	599,351
Securities sold under agreements to repurchase and other borrowings	11,297			—			11,459			—		11,459
Federal Funds Purchased	4,649			4,649			—			—		4,649
FHLB advances	81,414			—			77,953			—		77,953
Subordinated Debentures	7,217			—			—			7,210		7,210
Interest payable	679			—			670			9		679
December 31, 2013:
(in thousands)
	Carrying
	Value			Level 1			Level 2			Level 3		Total
Financial assets
Cash and cash equivalents	$	23,160		$	23,160		$	—		$	—	$	23,160
Securities	230,396			289			230,107			—		230,396
Mortgage loans held for sale	223			—			229			—		229
Loans, net	463,214			—			—			459,796		459,796
FHLB Stock	6,731			—			—			—		N/A
Interest receivable	3,618			—			1,315			2,303		3,618
Financial liabilities
Deposits	$	617,400		$	428,239		$	191,523		$	—	$	619,762
Securities sold under agreements to repurchase and other borrowings	12,867			—			13,013			—		13,013
FHLB advances	57,847			—			52,220			—		52,220
Subordinated Debentures	7,217			—			—			7,217		7,217
Interest Payable	736						727			9		736
The methods and assumptions, not previously presented, used to estimate fair values are described as follows:
Cash and Cash Equivalents - The carrying amounts of cash and short-term instruments approximate fair values and are classified as Level 1.
FHLB Stock - It is not practical to determine the fair value of FHLB stock due to restrictions placed on its transferability.
Loans - Fair values of loans, excluding loans held for sale, are estimated as follows:  For variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values resulting in a Level 3 classification.  Fair values for other loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality resulting in a Level 3 classification.  Impaired loans are valued at the lower of cost or fair value as described previously.  The methods used to estimate the fair value of loans do not necessarily represent an exit price.
The fair value of loans held for sale is estimated based upon binding contracts and quotes from third party investors resulting in a Level 2 classification.
Deposits - The fair values disclosed for demand deposits (e.g., interest and non-interest checking, passbook savings, and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amount) resulting in a Level 1 classification.  The carrying amounts of variable rate, fixed-term money market accounts and certificates of deposit approximate their fair values at the reporting date resulting in a Level 1 classification.  Fair values for fixed rate certificates of deposit are estimated using a discounted cash flows calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits resulting in a Level 2 classification.
Securities Sold Under Agreements to Repurchase and Other Borrowings - The carrying amounts of borrowings under repurchase agreements approximate their fair values resulting in a Level 2 classification.
The carrying amount of the Company’s variable rate borrowings approximate their fair values resulting in a Level 2 classification.
Federal Funds Purchased - The carrying amounts of federal funds purchased approximate fair values and are classified as Level 1.
FHLB Advances and Subordinated Debentures - The fair values of the Company’s FHLB advances are estimated using discounted cash flow analyses based on the current borrowing rates for similar types of borrowing arrangements resulting in a Level 2 classification.
The fair values of the Company’s Subordinated Debentures are estimated using discounted cash flow analyses based on the current borrowing rates for similar types of borrowing arrangements resulting in a Level 3 classification.
Accrued Interest Receivable/Payable - The carrying amounts of accrued interest approximate fair value resulting in a Level 2 or Level 3 classification based on the level of the related asset/liability.
Off-balance Sheet Instruments - Fair values for off-balance sheet, credit-related financial instruments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing.  The fair value of off-balance sheet instruments is not material.

CHANGES_IN_ACCUMULATED_OTHER_C

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT	6 Months Ended
	Jun. 30, 2014
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT	'
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT	'
	9.              CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT
	Changes in Accumulated Other Comprehensive Income by Component (1)  (unaudited)
	(in thousands)
		Unrealized
		Gains and Losses on
		Available for Sale
		Securities
		For the Six Months Ending June 30
		2014			2013
	Beginning Balance	$	(5,126	)	$	4,283
	Unrealized holding gains (losses) for the period, net of tax	5,267			(5,465		)
	Reclassification adjustment for:
	Securities gains realized in income, net	(433		)	(774		)
	Income taxes	(147		)	(263		)
		(286		)	(511		)
	Net current period other comprehensive income	4,981			(5,976		)
	Ending balance	$	(145	)	$	(1,693	)
	(1)         All amounts are net of tax.
		Unrealized
		Gains and Losses on
		Available for Sale
		Securities
		For the Three Months Ending June 30
		2014			2013
	Beginning Balance	$	(1,875	)	$	3,031
	Unrealized holding gains (losses) for the period, net of tax	1,892			(4,404		)
	Reclassification adjustment for:
	Securities gains realized in income, net	(245		)	(485		)
	Income taxes	(83		)	(165		)
		(162		)	(320		)
	Net current period other comprehensive income	1,730			(4,724		)
	Ending balance	$	(145	)	$	(1,693	)
	(2)         All amounts are net of tax.
	The following is significant amounts reclassified out of each component of accumulated other comprehensive Income (Loss) for the six months ending June 30, 2014 and 2013:
	June 30, 2014
	Details about	Amount			Affected Line Item
	Accumulated Other	Reclassified From			in the Statement
	Comprehensive	Accumulated Other			Where Net
	Income Components	Comprehensive Income			Income is Presented
	Unrealized gains and losses on available-for-sale securities	$	(433	)	Securities gains, net
		147			Provision for income taxes
		(286		)	Net of tax
	June 30, 2013
	Details about	Amount			Affected Line Item
	Accumulated Other	Reclassified From			in the Statement
	Comprehensive	Accumulated Other			Where Net
	Income Components	Comprehensive Income			Income is Presented
	Unrealized gains and losses on available-for-sale securities	$	(774	)	Securities gains, net
		263			Provision for income taxes
		(511		)	Net of tax
	The following is significant amounts reclassified out of each component of accumulated other comprehensive Income (Loss) for the three months ending June 30, 2014 and 2013:
	June 30, 2014
	Details about	Amount			Affected Line Item
	Accumulated Other	Reclassified From			in the Statement
	Comprehensive	Accumulated Other			Where Net
	Income Components	Comprehensive Income			Income is Presented
	Unrealized gains and losses on available-for-sale securities	$	(245	)	Securities gains, net
		83			Provision for income taxes
		(162		)	Net of tax
	June 30, 2013
	Details about	Amount			Affected Line Item
	Accumulated Other	Reclassified From			in the Statement
	Comprehensive	Accumulated Other			Where Net
Income Components	Comprehensive Income			Income is Presented
Unrealized gains and losses on available-for-sale securities	$	(485	)	Securities gains, net
	165			Provision for income taxes
	(320		)	Net of tax

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Basis of Presentation	'
	Basis of Presentation:  The consolidated financial statements include the accounts of Kentucky Bancshares, Inc. (the “Company”, “we”, “our” or “us”), its wholly-owned subsidiary, Kentucky Bank (the “Bank”), and the Bank’s wholly-owned subsidiary, KB Special Assets Unit, LLC.  Intercompany transactions and balances have been eliminated in consolidation.
Nature of Operations	'
	Nature of Operations:  The Bank operates under a state bank charter and provides full banking services, including trust services, to customers located in Bourbon, Clark, Elliott, Fayette, Harrison, Jessamine, Madison, Rowan, Scott, Woodford and adjoining counties in Kentucky.  Management continues to consider opportunities for branch expansion and will also consider acquisition opportunities that help advance its strategic objectives.  As a state bank, the Bank is subject to regulation by the Kentucky Department of Financial Institutions and the Federal Deposit Insurance Corporation (“FDIC”).  The Company, a bank holding company, is regulated by the Federal Reserve.  On July 9, 2014, a new subsidiary of the Company was incorporated under the name KBI Insurance Company, Inc.  KBI Insurance Company, Inc. is a subsidiary of Kentucky Bancshares, Inc. and is located in Las Vegas, Nevada.  It is a captive insurance subsidiary which insures various liability and property damage policies for Kentucky Bancshares, Inc. and its related subsidiaries.  KBI Insurance Company, Inc. is regulated by the State of Nevada Division of Insurance.
Estimates in the Financial Statements	'
	Estimates in the Financial Statements:  The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates and such differences could be material to the financial statements.  The allowance for loan losses, loss contingencies, mortgage servicing rights, real estate owned, goodwill and fair value of financial instruments are particularly subject to change.
Trading Assets	'
	Trading Assets:  The Company engages in trading activities for its own account.  Securities that are held principally for resale in the near term are recorded at fair value with changes in fair value included in earnings. Interest and dividends are included in net interest income.
Loss Contingencies	'
	Loss Contingencies:  Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated.
Pension Matter	'
	Pension Matter:  The Company terminated the Kentucky Bancshares, Inc. Retirement Plan and Trust (the “Plan”) in a standard termination, with a termination date of December 31, 2008.  Prior to such termination, the Pension Protection Act of 2006 (“PPA”) had amended Internal Revenue Code (“IRC”) Section 417(e)(3) in part by changing the definition of “applicable interest rate” in a manner that in most cases (when combined with other changes to IRC Section 417(e)(3)) would result in a decrease in the value of a participant’s or beneficiary’s plan benefits under pension plans such as the Company’s Plan with the new definition applicable (for most plans, including the Plan) to lump sums with annuity starting dates in or after the 2008 plan year.  The Plan had determined in mid-2008 to comply with IRC Section 417(e)(3), as amended by PPA, by using the assumptions governing minimum lump sums, rather than by using the pre-PPA minimum lump sum assumptions, and operated the Plan in compliance with that decision.  As permitted by the IRC, the Plan was amended on February 24, 2009 (after the termination of the Plan on December 31, 2008) to formalize that decision in accordance with Section 1107 of PPA.
	The Internal Revenue Service issued a favorable determination as to the Plan termination in July 2010.  Subsequent to Plan termination and distributions to Plan participants, the Plan was selected for audit by the Pension Benefit Guaranty Corporation (“PBGC”).  The PBGC asserted that the February, 2009 amendment to the Plan violated PBGC Regulation Section 4041.8(a) because the amendment served to lower benefits to Plan beneficiaries.  The PBGC filed a Complaint in May 2013 in United States District Court (Eastern District of Kentucky) to require the Company to make additional distributions to Plan beneficiaries.  On March 17, 2014, the United States District Court (Eastern District of Kentucky) issued an Opinion and Order entering judgment in favor of the PBGC and ruling that the Company must comply with the PBGC’s determination respecting the Plan.  The Company is appraising its options with respect to this judgment, and has appealed the decision. The appeal is pending.  However, in light of the court’s opinion, the Company accrued approximately $1.6 million as of December 31, 2013 for this matter.  The accrued balance for this matter remains $1.6 million at June 30, 2014.  Moreover, in the event the subject court decision is not overturned, the Company believes it has claims for further contribution towards payment of this liability from professionals who assisted the Company in the termination of the Plan.
Reclassifications	'
	Reclassifications:  Some items in the prior year financial statements were reclassified to conform to the current presentation.  Reclassifications had no effect on prior period net income or stockholders’ equity.
Adoption of New Accounting Standards	'
	Adoption of New Accounting Standards
	In January 2014, the FASB issued Accounting Standards Update (“ASU”) 2014-04 - Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage loans upon Foreclosure. This standard provides clarification when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be removed from the balance sheet and other real estate owned recognized. These amendments clarify that when an in-substance foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan upon either: (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure, or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. For public business entities (PBEs) this ASU is effective for annual periods, and interim periods within those annual periods, beginning after Dec 15, 2014.  For entities that are not PBEs, this ASU is effective for annual periods beginning after Dec 15, 2014, and for interim periods within annual periods beginning after Dec 15, 2015.  Early adoption is permitted.  The effect of adopting this standard is not expected to have a material effect on the Company’s results of operations or financial condition.
	In May 2014, FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606). The ASU creates a new topic, Topic 606, to provide guidance on revenue recognition for entities that enter into contracts with customers to transfer goods or services or enter into contracts for the transfer of nonfinancial assets. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additional disclosures are required to provide quantitative and qualitative information regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The new guidance is effective for annual reporting periods, and interim reporting periods within those annual periods, beginning after December 15, 2016. Early adoption is not permitted. Management is currently evaluating the impact of the adoption of this guidance on the Company’s financial statements.

SECURITIES_Tables

SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2014
SECURITIES	'
Schedule of securities available for sale	'
	(in thousands)
				Gross			Gross
		Amortized		Unrealized			Unrealized			Fair
		Cost		Gains			Losses			Value
	Available for Sale
	June 30, 2014
	U.S. government agencies	$	69,062	$	19		$	(1,809	)	$	67,272
	States and political subdivisions	85,375		2,894			(731		)	87,538
	Mortgage-backed - residential	69,681		315			(932		)	69,064
	Equity securities	270		24			—			294
	Total	$	224,388	$	3,252		$	(3,472	)	$	224,168
	December 31, 2013
	U.S. government agencies	$	73,930	$	51		$	(4,695	)	$	69,286
	States and political subdivisions	91,043		1,614			(2,474		)	90,183
	Mortgage-backed - residential	72,920		44			(2,326		)	70,638
	Equity securities	270		19			—			289
	Total	$	238,163	$	1,728		$	(9,495	)	$	230,396
Schedule of amortized cost and fair value of securities by contractual maturity	'
	(in thousands)
		Amortized		Fair
		Cost		Value
	Due in one year or less	$	467	$	469
	Due after one year through five years	8,888		8,897
	Due after five years through ten years	80,302		79,607
	Due after ten years	64,780		65,837
		154,437		154,810
	Mortgage-backed - residential	69,681		69,064
	Equity	270		294
	Total	$	224,388	$	224,168
Schedule of securities with unrealized losses not recognized in income	'
	June 30, 2014
		Less than 12 Months					12 Months or More						Total
		Fair		Unrealized			Fair			Unrealized			Fair		Unrealized
	Description of Securities	Value		Loss			Value			Loss			Value		Loss
	U.S. Government agencies	$	12,771	$	(142	)	$	53,774		$	(1,667	)	$	66,545	$	(1,809	)
	States and municipals	4,426		(66		)	13,892			(665		)	18,318		(731		)
	Mortgage-backed - residential	10,695		(167		)	25,753			(765		)	36,448		(932		)
	Total temporarily impaired	$	27,892	$	(375	)	$	93,419		$	(3,097	)	$	121,311	$	(3,472	)
	December 31, 2013
		Less than 12 Months					12 Months or More						Total
		Fair		Unrealized			Fair			Unrealized			Fair		Unrealized
	Description of Securities	Value		Loss			Value			Loss			Value		Loss
	U.S. Government agencies	$	57,203	$	(3,812	)	$	8,117		$	(883	)	$	65,320	$	(4,695	)
	States and municipals	32,289		(2,106		)	2,879			(368		)	35,168		(2,474		)
	Mortgage-backed - residential	62,126		(2,326		)	—			—			62,126		(2,326		)
	Total temporarily impaired	$	151,618	$	(8,244	)	$	10,996		$	(1,251	)	$	162,614	$	(9,495	)

LOANS_Tables

LOANS (Tables)	6 Months Ended
	Jun. 30, 2014
LOANS	'
Schedule of loans	'
	(in thousands)
		6/30/14		12/31/13
	Commercial	$	33,727	$	34,654
	Real estate construction	13,393		11,177
	Real estate mortgage:
	1-4 family residential	208,620		194,388
	Multi-family residential	18,805		16,420
	Non-farm & non-residential	131,795		126,791
	Agricultural	72,605		68,002
	Consumer	16,947		17,065
	Other	242		158
	Total	$	496,134	$	468,655
Schedule of activity in the allowance for loan losses	'
		Six Months Ended June 30, 2014
		(in thousands)
		Beginning									Ending
		Balance		Charge-offs		Recoveries		Provision			Balance
	Commercial	$	230	$	200	$	—	$	201		$	231
	Real estate Construction	358		—		8		(7		)	359
	Real estate mortgage:
	1-4 family residential	2,169		88		16		227			2,324
	Multi-family residential	427		—		—		(100		)	327
	Non-farm & non-residential	564		—		367		(197		)	734
	Agricultural	578		—		25		(57		)	546
	Consumer	548		153		41		107			543
	Other	51		202		159		25			33
	Unallocated	516		—		—		1			517
		$	5,441	$	643	$	616	$	200		$	5,614
		Three Months Ended June, 30 2014
		(in thousands)
		Beginning									Ending
		Balance		Charge-offs		Recoveries		Provision			Balance
	Commercial	$	208	$	—	$	—	$	23		$	231
	Real estate Construction	329		—		4		26			359
	Real estate mortgage:
	1-4 family residential	2,111		25		4		234			2,324
	Multi-family residential	401		—		—		(74		)	327
	Non-farm & non-residential	930		—		—		(196		)	734
	Agricultural	553		—		1		(8		)	546
	Consumer	550		76		23		46			543
	Other	11		105		72		55			33
	Unallocated	523		—		—		(6		)	517
		$	5,616	$	206	$	104	$	100		$	5,614
		Six Months Ended June 30, 2013
		(in thousands)
		Beginning									Ending
		Balance		Charge-offs		Recoveries		Provision			Balance
	Commercial	$	150	$	11	$	28	$	(16	)	$	151
	Real estate Construction	918		578		21		12			373
	Real estate mortgage:
	1-4 family residential	1,989		141		56		80			1,984
	Multi-family residential	414		161		39		189			481
	Non-farm & non-residential	628		—		18		31			677
	Agricultural	845		86		3		(101		)	661
	Consumer	517		252		18		265			548
	Other	54		309		206		141			92
	Unallocated	532		—		—		(1		)	531
		$	6,047	$	1,538	$	389	$	600		$	5,498
		Three Months Ended June 30, 2013
		(in thousands)
		Beginning									Ending
		Balance		Charge-offs		Recoveries		Provision			Balance
	Commercial	$	135	$	5	$	—	$	21		$	151
	Real estate Construction	497		—		16		(140		)	373
	Real estate mortgage:
	1-4 family residential	1,974		16		30		(4		)	1,984
	Multi-family residential	493		161		39		110			481
	Non-farm & non-residential	611		—		10		56			677
	Agricultural	747		—		1		(87		)	661
	Consumer	511		104		7		134			548
	Other	99		172		80		85			92
	Unallocated	556		—		—		(25		)	531
		$	5,623	$	458	$	183	$	150		$	5,498
Schedule of allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method	'
	As of June 30, 2014
	(in thousands)
		Individually		Collectively
		Evaluated for		Evaluated for
		Impairment		Impairment		Total
	Allowance for Loan Losses:
	Commercial	$	—	$	231	$	231
	Real estate construction	—		359		359
	Real estate mortgage:
	1-4 family residential	326		1,998		2,324
	Multi-family residential	50		277		327
	Non-farm & non-residential	182		552		734
	Agricultural	260		286		546
	Consumer	—		543		543
	Other	—		33		33
	Unallocated	—		517		517
		$	818	$	4,796	$	5,614
	Loans:
	Commercial	$	—	$	33,727	$	33,727
	Real estate construction	—		13,393		13,393
	Real estate mortgage:
	1-4 family residential	3,196		205,424		208,620
	Multi-family residential	345		18,460		18,805
	Non-farm & non-residential	3,937		127,858		131,795
	Agricultural	9,534		63,071		72,605
	Consumer	—		16,947		16,947
	Other	—		242		242
		$	17,012	$	479,122	$	496,134
	As of December 31, 2013
	(in thousands)
		Individually		Collectively
		Evaluated for		Evaluated for
		Impairment		Impairment		Total
	Allowance for Loan Losses:
	Commercial	$	—	$	230	$	230
	Real estate construction	—		358		358
	Real estate mortgage:
	1-4 family residential	228		1,941		2,169
	Multi-family residential	76		351		427
	Non-farm & non-residential	110		454		564
	Agricultural	298		280		578
	Consumer	—		548		548
	Other	—		51		51
	Unallocated	—		516		516
		$	712	$	4,729	$	5,441
	Loans:
	Commercial	$	—	$	34,654	$	34,654
	Real estate construction	—		11,177		11,177
	Real estate mortgage:
	1-4 family residential	2,873		191,515		194,388
	Multi-family residential	274		16,146		16,420
	Non-farm & non-residential	2,716		124,075		126,791
	Agricultural	7,673		60,329		68,002
	Consumer	—		17,065		17,065
	Other	—		158		158
		$	13,536	$	455,119	$	468,655
Schedule of loans individually evaluated for impairment by class of loans	'
	The following table presents loans individually evaluated for impairment by class of loans as of and for the six months ended June 30, 2014 (in thousands):
		Unpaid				Allowance for		Average			Interest		Cash Basis
		Principal		Recorded		Loan Losses		Recorded			Income		Interest
		Balance		Investment		Allocated		Investment			Recognized		Recognized
	With no related allowance recorded:
	Commercial	$	—	$	—	$	—	$	—		$	—	$	—
	Real estate construction	—		—		—		—			—		—
	Real estate mortgage:
	1-4 family residential	1,302		1,302		—		1,002			—		—
	Multi-family residential	—		—		—		—			—		—
	Non-farm & non-residential	—		—		—		267			—		—
	Agricultural	4,780		4,780		—		2,684			80		80
	Consumer	—		—		—		—			—		—
	Other	—		—		—		—			—		—
	With an allowance recorded:
	Commercial	—		—		—		—			—		—
	Real estate construction	—		—		—		—			—		—
	Real estate mortgage:
	1-4 family residential	1,894		1,894		326		1,991			44		44
	Multi-family residential	345		345		50		323			5		5
	Non-farm & non-residential	3,937		3,937		182		3,043			73		73
	Agricultural	4,754		4,754		260		5,034			19		19
	Consumer	—		—		—		—			—		—
	Other	—		—		—		—					—
	Total	$	17,012	$	17,012	$	818	$	14,344		$	221	$	221
	The following table presents loans individually evaluated for impairment by class of loans as of and for the year ended December 31, 2013 (in thousands):
		Unpaid				Allowance for		Average			Interest		Cash Basis
		Principal		Recorded		Loan Losses		Recorded			Income		Interest
		Balance		Investment		Allocated		Investment			Recognized		Recognized
	With no related allowance recorded:
	Commercial	$	—	$	—	$	—	$	—		$	—	$	—
	Real estate construction	—		—		—		—			—		—
	Real estate mortgage:
	1-4 family residential	824		793		—		1,217			28		28
	Multi-family residential	—		—		—		—			—		—
	Non-farm & non-residential	1,650		803		—		1,471			81		81
	Agricultural	2,912		2,826		—		2,802			123		123
	Consumer	—		—		—		—			—		—
	Other	—		—		—		—			—		—
	With an allowance recorded:
	Commercial	—		—		—		—			—		—
	Real estate construction	—		—		—		607			—		—
	Real estate mortgage
	1-4 family residential	2,080		2,080		228		1,349			96		96
	Multi-family residential	274		274		76		443			3		3
	Non-farm & non-residential	1,913		1,913		110		1,938			79		79
	Agricultural	4,847		4,847		298		4,864			287		287
	Consumer	—		—		—		—			—		—
	Other	—		—		—		—					—
	Total	$	14,501	$	13,536	$	712	$	14,691		$	697	$	697
	The following table presents loans individually evaluated for impairment by class of loans as of and for the six months ended June 30, 2013 (in thousands):
		Average		Interest		Cash Basis
		Recorded		Income		Interest
		Investment		Recognized		Recognized
	With no related allowance recorded:
	Commercial	$	—	$	—	$	—
	Real estate construction	—		—		—
	Real estate mortgage:
	1-4 family residential	1,253		21		21
	Multi-family residential	—		—		—
	Non-farm & non-residential	1,625		40		40
	Agricultural	2,873		9		9
	Consumer	—		—		—
Other	—		—		—
With an allowance recorded:
Commercial	—		—		—
Real estate construction	—		—
Real estate mortgage:
1-4 family residential	874		21		21
Multi-family residential	511		3		3
Non-farm & non-residential	2,641		40		40
Agricultural	4,711		57		57
Consumer	—		—		—
Other	—				—
Total	$	14,488	$	191	$	191
The following tables present loans individually evaluated for impairment by class of loans for the three months ending June 30, 2014 and June 30, 2013 (in thousands):
	Three Months Ending June 30, 2014
	Average		Interest		Cash Basis
	Recorded		Income		Interest
	Investment		Recognized		Recognized
With no related allowance recorded:
Commercial	$	—	$	—	$	—
Real estate construction	—		—		—
Real estate mortgage:
1-4 family residential	1,562		—		—
Multi-family residential	—		—		—
Non-farm & non-residential	—		—		—
Agricultural	2,836		77		77
Consumer	—		—		—
Other	—		—		—
With an allowance recorded:
Commercial	—		—		—
Real estate construction	—		—		—
Real estate mortgage:
1-4 family residential	1,377		38		38
Multi-family residential	310		1		1
Non-farm & non-residential	3,553		48		48
Agricultural	4,755		19		19
Consumer	—		—		—
Other	—		—		—
Total	$	14,393	$	183	$	183
	Three Months Ending June 30, 2013
	Average		Interest		Cash Basis
	Recorded		Income		Interest
	Investment		Recognized		Recognized
With no related allowance recorded:
Commercial	$	—	$	—	$	—
Real estate construction	—		—		—
Real estate mortgage:
1-4 family residential	1,035		2		2
Multi-family residential	—		—		—
Non-farm & non-residential	1,065		20		20
Agricultural	2,854		3		3
Consumer	—		—		—
Other	—		—		—
With an allowance recorded:
Commercial	—		—		—
Real estate construction	—		—		—
Real estate mortgage:
1-4 family residential	1,016		7		7
Multi-family residential	669		1		1
Non-farm & non-residential	2,421		20		20
Agricultural	4,744		7		7
Consumer	—		—		—
Other	—		—		—
Total	$	13,804	$	60	$	60
Schedule of recorded investment in nonaccrual, loans past due over 90 days still on accrual and accruing troubled debt restructurings by class of loans	'
	As of June 30, 2014
	(in thousands)
				Loans Past Due
				Over 90 Days		Accruing
				Still		Troubled Debt
		Nonaccrual		Accruing		Restructurings
	Commercial	$	299	$	—	$	—
	Real estate construction	—		—		—
	Real estate mortgage:
	1-4 family residential	2,350		266		487
	Multi-family residential	85		—		—
	Non-farm & non-residential	988		—		1,853
	Agricultural	216		—		4,530
	Consumer	—		—		—
	Total	$	3,938	$	266	$	6,870
	As of December 31, 2013
	(in thousands)
				Loans Past Due
				Over 90 Days		Accruing
				Still		Troubled Debt
		Nonaccrual		Accruing		Restructurings
	Commercial	$	—	$	—	$	—
	Real estate construction	—		—		—
	Real estate mortgage:
	1-4 family residential	1,171		314		493
	Multi-family residential	275		—		—
	Non-farm & non-residential	803		—		1,878
	Agricultural	717		232		4,530
	Consumer	8		8		—
	Total	$	2,974	$	554	$	6,901
Schedule of aging of the recorded investment in past due and non-accrual loans	'
	As of June 30, 2014
	(in thousands)
		30–59		60–89		Loans Past Due					Total
		Days		Days		Over 90 Days					Past Due &		Loans Not
		Past Due		Past Due		Still Accruing		Non-accrual			Non-accrual		Past Due
	Commercial	$	79	$	—	$	—	$	299		$	378	$	33,349
	Real estate construction	—		—		—		—			—		13,393
	Real estate mortgage:
	1-4 family residential	1,788		433		266		2,350			4,837		203,783
	Multi-family residential	—		260		—		85			345		18,460
	Non-farm & non-residential	777		—		—		988			1,765		130,030
	Agricultural	312		—		—		216			528		72,077
	Consumer	151		44		—		—			195		16,752
	Other	—		—		—		—			—		242
	Total	$	3,107	$	737	$	266	$	3,938		$	8,048	$	488,086
	As of December 31, 2013
	(in thousands)
		30–59		60–89		Greater than					Total
		Days		Days		90 Days					Past Due &		Loans Not
		Past Due		Past Due		Past Due		Non-accrual			Non-accrual		Past Due
	Commercial	$	49	$	—	$	—	$	—		$	49	$	34,605
	Real estate construction	175		—		—		—			175		11,002
	Real estate mortgage:
	1-4 family residential	1,981		1,285		314		1,171			4,751		189,637
	Multi-family residential	—		—		—		275			275		16,145
	Non-farm & non-residential	503		—		—		803			1,306		125,485
	Agricultural	155		—		232		717			1,104		66,898
	Consumer	102		27		8		8			145		16,920
	Other	—		—		—		—			—		158
	Total	$	2,965	$	1,312	$	554	$	2,974		$	7,805	$	460,850
Schedule of risk category of loans by class of loans	'
	As of June 30, 2014
	(in thousands)
				Special
		Pass		Mention		Substandard		Doubtful
	Commercial	$	31,932	$	1,241	$	554	$	—
	Real estate construction	11,934		1,459		—		—
	Real estate mortgage:
	1-4 family residential	190,893		10,040		7,666		21
	Multi-family residential	16,738		1,555		512		—
	Non-farm & non-residential	125,306		5,050		1,439		—
	Agricultural	58,709		12,353		1,543		—
	Total	$	435,512	$	31,698	$	11,714	$	21
	As of December 31, 2013
	(in thousands)
				Special
		Pass		Mention		Substandard		Doubtful
	Commercial	$	32,771	$	1,587	$	296	$	—
	Real estate construction	9,660		1,517		—		—
	Real estate mortgage:
	1-4 family residential	176,553		10,346		7,489		—
	Multi-family residential	14,392		1,579		449		—
	Non-farm & non-residential	120,195		5,327		1,269		—
	Agricultural	56,713		7,297		3,992		—
	Total	$	410,284	$	27,653	$	13,495	$	—

REAL_ESTATE_OWNED_Tables

REAL ESTATE OWNED (Tables)	6 Months Ended
	Jun. 30, 2014
REAL ESTATE OWNED	'
Schedule of activity in real estate owned, net	'
		Six Months Ended
		2014			2013
		(in thousands)
	Beginning of year	$	3,379		$	4,168
	Additions	419			335
	Sales	(1,540		)	(924		)
	(Additions) subtractions to valuation allowance, net	(10		)	10
	Recovery from sale in valuation allowance	58			199
	End of period	$	2,306		$	3,788
Schedule of activity in the valuation allowance	'
		Six Months Ended
		2014			2013
		(in thousands)
	Beginning of year	$	1,524		$	1,668
	Additions (subtractions) to valuation allowance, net	10			(10		)
	Recovery from sale	(58		)	(199		)
	End of period	$	1,476		$	1,459
Schedule of expenses related to foreclosed assets	'
		Six Months Ended
		2014			2013
		(in thousands)
	Net loss (gain) on sales	$	(70	)	$	(30	)
	Additions (subtractions) to valuation allowance, net	10			(10		)
	Operating expenses (receipts), net of rental income	13			45
	Repossession expenses, net	23			35
	End of period	$	(47	)	$	5

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2014
EARNINGS PER SHARE	'
Schedule of factors used in the earnings per share computation	'
		Six Months Ended
		June 30
		2014		2013
		(in thousands)
	Basic Earnings Per Share
	Net Income	$	3,675	$	3,494
	Weighted average common shares outstanding	2,708		2,705
	Basic earnings per share	$	1.36	$	1.29
	Diluted Earnings Per Share
	Net Income	$	3,675	$	3,494
	Weighted average common shares outstanding	2,708		2,705
	Add dilutive effects of assumed vesting of stock grants	—		4
	Weighted average common and dilutive potential common shares outstanding	2,708		2,709
	Diluted earnings per share	$	1.36	$	1.29
		Three Months Ended
		June 30
		2014		2013
		(in thousands)
	Basic Earnings Per Share
	Net Income	$	1,904	$	1,785
	Weighted average common shares outstanding	2,708		2,704
	Basic earnings per share	$	0.7	$	0.66
	Diluted Earnings Per Share
	Net Income	$	1,904	$	1,785
	Weighted average common shares outstanding	2,708		2,704
	Add dilutive effects of assumed vesting of stock grants	—		4
	Weighted average common and dilutive potential common shares outstanding	2,708		2,708
	Diluted earnings per share	$	0.7	$	0.66

STOCK_COMPENSATION_Tables

STOCK COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2014
STOCK COMPENSATION	'
Summary of activity for the expired Stock Option Plans	'
							Weighted
				Weighted			Average
				Average			Remaining		Aggregate
				Exercise			Contractual		Intrinsic
		Shares		Price			Term		Value
	Outstanding, beginning of year	19,100		$	31.5
	Granted	—		—
	Forfeited or expired	(6,375	)	33.56
	Exercised	—		—
	Outstanding, end of period	12,725		$	30.46		10.9 months		$	—
	Vested and expected to vest	12,725		$	30.46		10.9 months		$	—
	Exercisable, end of period	12,725		$	30.46		10.9 months		$	—
2005 Restricted Stock Grant Plan	'
Stock Based Compensation	'
Summary of changes in the Company's nonvested shares	'
				Weighted-Average			Fair
				Grant-Date			Value
	Nonvested Shares	Shares		Fair Value			Per Share
	Nonvested at January 1, 2014	15,565		$	280,016		$	17.99
	Granted	7,475		181,194			24.24
	Vested	(4,756	)	(84,518		)	17.77
	Forfeited	—		—			—
	Nonvested at June 30, 2014	18,284		$	376,692		$	20.6
2009 Stock Award Plan	'
Stock Based Compensation	'
Summary of changes in the Company's nonvested shares	'
				Weighted-Average			Fair
				Grant-Date			Value
	Nonvested Shares	Shares		Fair Value			Per Share
	Nonvested at January 1, 2014	900		$	20,880		$	23.2
	Granted	—		—			—
	Vested	(180	)	(4,176		)	23.2
	Forfeited	—		—			—
	Nonvested at June 30, 2014	720		$	16,704		$	23.2

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2014
FAIR VALUE MEASUREMENTS	'
Schedule of assets measured at fair value on a recurring basis	'
	Fair Value Measurements at June 30, 2014 Using (In thousands):
					Quoted Prices
					In Active
					Markets for			Significant Other			Significant
					Identical			Observable			Unobservable
		Fair			Assets			Inputs			Inputs
	Description	Value			(Level 1)			(Level 2)			(Level 3)
	U. S. government agencies	$	67,272		$	—		$	67,272		$	—
	States and municipals	87,538			—			87,538			—
	Mortgage-backed - residential	69,064			—			69,064			—
	Equity securities	294			294			—			—
	Trading Assets	5,242			5,242			—			—
	Total	$	229,410		$	5,536		$	223,874		$	—
	Available for Sale Investment Securities Fair Value Measurements at December 31, 2013 Using (In thousands):
					Quoted Prices
					In Active
					Markets for			Significant Other			Significant
					Identical			Observable			Unobservable
		Fair			Assets			Inputs			Inputs
	Description	Value			(Level 1)			(Level 2)			(Level 3)
	U. S. government agencies	$	69,286		$	—		$	69,286		$	—
	States and municipals	90,183			—			90,183			—
	Mortgage-backed - residential	70,638			—			70,638			—
	Equity securities	289			289			—			—
	Total	$	230,396		$	289		$	230,107		$	—
Schedule of assets measured at fair value on a non-recurring basis	'
	(In thousands)
		Fair Value Measurements at June 30, 2014 Using:
					Quoted Prices
					In Active				Other
					Markets for		Significant		Significant
					Identical		Observable		Unobservable
		Carrying			Assets		Inputs		Inputs
	Description	Value			(Level 1)		(Level 2)		(Level 3)
	Impaired loans:
	Real Estate Mortgage:
	1-4 family residential	$	1,137		—		—		$	1,137
	Multi-family residential	295			—		—		295
	Non-farm & non-residential	1,276			—		—		1,276
	Agricultural	220							220
	Other real estate owned:
	Residential	1,180			—		—		1,180
	Loan servicing rights	344			—		—		344
	(In thousands)
		Fair Value Measurements at December 31, 2013 Using:
					Quoted Prices
					In Active				Other
					Markets for		Significant		Significant
					Identical		Observable		Unobservable
		Carrying			Assets		Inputs		Inputs
	Description	Value			(Level 1)		(Level 2)		(Level 3)
	Impaired loans:
	Real Estate Mortgage:
	1-4 family residential	$	1,420		—		—		$	1,420
	Multi-family residential	199			—		—		199
	Non-farm & non-residential	36			—		—		36
	Agricultural	275			—		—		275
	Other real estate owned:
	Residential	1,361			—		—		1,361
	Loan servicing rights	201			—		—		201
Schedule of quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis	'
	June 30, 2014
	(In thousands)
								Range
		Fair		Valuation		Unobservable		(Weighted
		Value		Technique(s)		Input(s)		Average)
	Impaired loans
	Real estate mortgage:
	1-4 family residential	1,137		sales comparison		adjustment for		0%-99%
						differences		-6%
						between the
						comparable sales
	Multi-family residential	295		sales comparison		adjustment for		0%-32%
						differences		-3%
						between the
						comparable sales
	Non-farm & non-residential	1,276		sales comparison		adjustment for		0%-61%
						differences		-20%
						between the
						comparable sales
	Agricultural:	220		sales comparison		adjustment for		5%-44%
						differences		-24%
						between the
						comparable sales
	Other real estate owned:
	Residential	1,180		sales comparison		adjustment for		0%-32%
						differences		-6%
						between the
						comparable sales
				income approach		capitalization rate		8%-8%
								-8%
	Loan Servicing Rights	344		discounted cash flow		constant prepayment		7%-22%
						rates		-11%
	December 31, 2013
	(In thousands)
								Range
		Fair		Valuation		Unobservable		(Weighted
		Value		Technique(s)		Input(s)		Average)
	Impaired loans
	Real estate mortgage:
	1-4 family residential	1,420		sales comparison		adjustment for		0%-99%
						differences		-14%
						between the
						comparable sales
	Multi-family residential	199		sales comparison		adjustment for		12%-32%
						differences		-22%
						between the
						comparable sales
	Non-farm & non-residential	36		sales comparison		adjustment for		0%-61%
						differences		-31%
						between the
						comparable sales
	Agricultural	275		sales comparison		adjustment for		5%-44%
						differences		-20%
						between the
						comparable sales
	Other real estate owned:
	Residential	1,361		sales comparison		adjustment for		0%-33%
						differences		-4%
						between the
						comparable sales
				income approach		capitalization rate		8%-8%
								-8%
	Loan Servicing Rights	201		discounted cash flow		constant prepayment		7%-23%
					rates		-10%
Schedule of carrying amounts and estimated fair values of financial instruments	'
	June 30, 2014:
	(in thousands)
		Carrying
		Value			Level 1			Level 2			Level 3		Total
	Financial assets
	Cash and cash equivalents	$	15,039		$	15,039		$	—		$	—	$	15,039
	Securities	224,168			294			223,874			—		224,168
	Trading Assets	5,242			5,242			—					5,242
	Mortgage loans held for sale	495			—			500			—		500
	Loans, net	490,520			—			—			490,183		490,183
	FHLB Stock	5,981			—			—			—		N/A
	Interest receivable	3,254			—			1,216			2,038		3,254
	Financial liabilities
	Deposits	$	597,409		$	415,247		$	184,104		$	—	$	599,351
	Securities sold under agreements to repurchase and other borrowings	11,297			—			11,459			—		11,459
	Federal Funds Purchased	4,649			4,649			—			—		4,649
	FHLB advances	81,414			—			77,953			—		77,953
	Subordinated Debentures	7,217			—			—			7,210		7,210
	Interest payable	679			—			670			9		679
	December 31, 2013:
	(in thousands)
		Carrying
		Value			Level 1			Level 2			Level 3		Total
	Financial assets
	Cash and cash equivalents	$	23,160		$	23,160		$	—		$	—	$	23,160
	Securities	230,396			289			230,107			—		230,396
	Mortgage loans held for sale	223			—			229			—		229
	Loans, net	463,214			—			—			459,796		459,796
	FHLB Stock	6,731			—			—			—		N/A
	Interest receivable	3,618			—			1,315			2,303		3,618
	Financial liabilities
	Deposits	$	617,400		$	428,239		$	191,523		$	—	$	619,762
	Securities sold under agreements to repurchase and other borrowings	12,867			—			13,013			—		13,013
	FHLB advances	57,847			—			52,220			—		52,220
	Subordinated Debentures	7,217			—			—			7,217		7,217
	Interest Payable	736						727			9		736

CHANGES_IN_ACCUMULATED_OTHER_C1

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT (Tables)	6 Months Ended
	Jun. 30, 2014
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT	'
Schedule of changes in Accumulated Other Comprehensive Income (Loss) by Component	'
	Changes in Accumulated Other Comprehensive Income by Component (1)  (unaudited)
	(in thousands)
		Unrealized
		Gains and Losses on
		Available for Sale
		Securities
		For the Six Months Ending June 30
		2014			2013
	Beginning Balance	$	(5,126	)	$	4,283
	Unrealized holding gains (losses) for the period, net of tax	5,267			(5,465		)
	Reclassification adjustment for:
	Securities gains realized in income, net	(433		)	(774		)
	Income taxes	(147		)	(263		)
		(286		)	(511		)
	Net current period other comprehensive income	4,981			(5,976		)
	Ending balance	$	(145	)	$	(1,693	)
	(1)         All amounts are net of tax.
		Unrealized
		Gains and Losses on
		Available for Sale
		Securities
		For the Three Months Ending June 30
		2014			2013
	Beginning Balance	$	(1,875	)	$	3,031
	Unrealized holding gains (losses) for the period, net of tax	1,892			(4,404		)
	Reclassification adjustment for:
	Securities gains realized in income, net	(245		)	(485		)
	Income taxes	(83		)	(165		)
		(162		)	(320		)
	Net current period other comprehensive income	1,730			(4,724		)
	Ending balance	$	(145	)	$	(1,693	)
	(2)         All amounts are net of tax.
Significant amounts reclassified out of each component of AOCI	'
	June 30, 2014
	Details about	Amount			Affected Line Item
	Accumulated Other	Reclassified From			in the Statement
	Comprehensive	Accumulated Other			Where Net
	Income Components	Comprehensive Income			Income is Presented
	Unrealized gains and losses on available-for-sale securities	$	(433	)	Securities gains, net
		147			Provision for income taxes
		(286		)	Net of tax
	June 30, 2013
	Details about	Amount			Affected Line Item
	Accumulated Other	Reclassified From			in the Statement
	Comprehensive	Accumulated Other			Where Net
	Income Components	Comprehensive Income			Income is Presented
	Unrealized gains and losses on available-for-sale securities	$	(774	)	Securities gains, net
		263			Provision for income taxes
		(511		)	Net of tax
	June 30, 2014
	Details about	Amount			Affected Line Item
	Accumulated Other	Reclassified From			in the Statement
	Comprehensive	Accumulated Other			Where Net
	Income Components	Comprehensive Income			Income is Presented
	Unrealized gains and losses on available-for-sale securities	$	(245	)	Securities gains, net
		83			Provision for income taxes
		(162		)	Net of tax
	June 30, 2013
	Details about	Amount			Affected Line Item
	Accumulated Other	Reclassified From			in the Statement
	Comprehensive	Accumulated Other			Where Net
	Income Components	Comprehensive Income			Income is Presented
	Unrealized gains and losses on available-for-sale securities	$	(485	)	Securities gains, net
		165			Provision for income taxes
		(320		)	Net of tax

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (Termination of defined benefit plan, USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Termination of defined benefit plan	'	'
Loss Contingencies	'	'
Accrued contingent liability	$1.60	$1.60

SECURITIES_Details

SECURITIES (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Securities Available for Sale	'	'
Amortized Cost	$224,388	$238,163
Gross Unrealized Gains	3,252	1,728
Gross Unrealized Losses	-3,472	-9,495
Fair Value	224,168	230,396
U.S. government agencies	'	'
Securities Available for Sale	'	'
Amortized Cost	69,062	73,930
Gross Unrealized Gains	19	51
Gross Unrealized Losses	-1,809	-4,695
Fair Value	67,272	69,286
States and political subdivisions	'	'
Securities Available for Sale	'	'
Amortized Cost	85,375	91,043
Gross Unrealized Gains	2,894	1,614
Gross Unrealized Losses	-731	-2,474
Fair Value	87,538	90,183
Mortgage-backed - residential	'	'
Securities Available for Sale	'	'
Amortized Cost	69,681	72,920
Gross Unrealized Gains	315	44
Gross Unrealized Losses	-932	-2,326
Fair Value	69,064	70,638
Equity securities	'	'
Securities Available for Sale	'	'
Amortized Cost	270	270
Gross Unrealized Gains	24	19
Fair Value	$294	$289

SECURITIES_Details_2

SECURITIES (Details 2) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Amortized Cost	'	'	'	'	'
Due in one year or less	$467,000	'	$467,000	'	'
Due after one year through five years	8,888,000	'	8,888,000	'	'
Due after five years through ten years	80,302,000	'	80,302,000	'	'
Due after ten years	64,780,000	'	64,780,000	'	'
Securities due at a single maturity date	154,437,000	'	154,437,000	'	'
Total	224,388,000	'	224,388,000	'	238,163,000
Fair Value	'	'	'	'	'
Due in one year or less	469,000	'	469,000	'	'
Due after one year through five years	8,897,000	'	8,897,000	'	'
Due after five years through ten years	79,607,000	'	79,607,000	'	'
Due after ten years	65,837,000	'	65,837,000	'	'
Securities due at a single maturity date	154,810,000	'	154,810,000	'	'
Fair Value	224,168,000	'	224,168,000	'	230,396,000
Proceeds from sales of securities	23,500,000	16,700,000	40,000,000	27,200,000	'
Gross gains realized on sales of securities	477,000	485,000	785,000	774,000	'
Gross losses realized on sales of securities	232,000	0	352,000	0	'
Tax provision related to realized gains	83,000	165,000	147,000	263,000	'
Mortgage-backed - residential	'	'	'	'	'
Amortized Cost	'	'	'	'	'
Total	69,681,000	'	69,681,000	'	72,920,000
Fair Value	'	'	'	'	'
Fair Value	69,064,000	'	69,064,000	'	70,638,000
Equity	'	'	'	'	'
Amortized Cost	'	'	'	'	'
Total	270,000	'	270,000	'	270,000
Fair Value	'	'	'	'	'
Fair Value	$294,000	'	$294,000	'	$289,000

SECURITIES_Details_3

SECURITIES (Details 3) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Securities with unrealized losses	'	'
Less than 12 Months, Fair Value	$27,892	$151,618
Less than 12 Months, Unrealized Loss	-375	-8,244
12 Months or More, Fair Value	93,419	10,996
12 Months or More, Unrealized Loss	-3,097	-1,251
Total, Fair Value	121,311	162,614
Total, Unrealized Loss	-3,472	-9,495
Trading Assets	'	'
Trading Assets	5,242	'
U.S. Government agencies	'	'
Securities with unrealized losses	'	'
Less than 12 Months, Fair Value	12,771	57,203
Less than 12 Months, Unrealized Loss	-142	-3,812
12 Months or More, Fair Value	53,774	8,117
12 Months or More, Unrealized Loss	-1,667	-883
Total, Fair Value	66,545	65,320
Total, Unrealized Loss	-1,809	-4,695
States and municipals	'	'
Securities with unrealized losses	'	'
Less than 12 Months, Fair Value	4,426	32,289
Less than 12 Months, Unrealized Loss	-66	-2,106
12 Months or More, Fair Value	13,892	2,879
12 Months or More, Unrealized Loss	-665	-368
Total, Fair Value	18,318	35,168
Total, Unrealized Loss	-731	-2,474
Mortgage-backed - residential	'	'
Securities with unrealized losses	'	'
Less than 12 Months, Fair Value	10,695	62,126
Less than 12 Months, Unrealized Loss	-167	-2,326
12 Months or More, Fair Value	25,753	'
12 Months or More, Unrealized Loss	-765	'
Total, Fair Value	36,448	62,126
Total, Unrealized Loss	($932)	($2,326)

LOANS_Details

LOANS (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Loans	'	'
Loans	$496,134	$468,655
Commercial	'	'
Loans	'	'
Loans	33,727	34,654
Real estate construction	'	'
Loans	'	'
Loans	13,393	11,177
1-4 family residential	'	'
Loans	'	'
Loans	208,620	194,388
Multi-family residential	'	'
Loans	'	'
Loans	18,805	16,420
Non-farm & non-residential	'	'
Loans	'	'
Loans	131,795	126,791
Agricultural	'	'
Loans	'	'
Loans	72,605	68,002
Consumer	'	'
Loans	'	'
Loans	16,947	17,065
Other	'	'
Loans	'	'
Loans	$242	$158

LOANS_Details_2

LOANS (Details 2) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Activity in allowance for loan losses	'	'	'	'
Beginning Balance	$5,616	$5,623	$5,441	$6,047
Charge-offs	206	458	643	1,538
Recoveries	104	183	616	389
Provision	100	150	200	600
Ending Balance	5,614	5,498	5,614	5,498
Commercial	'	'	'	'
Activity in allowance for loan losses	'	'	'	'
Beginning Balance	208	135	230	150
Charge-offs	'	5	200	11
Recoveries	'	'	'	28
Provision	23	21	201	-16
Ending Balance	231	151	231	151
Real estate construction	'	'	'	'
Activity in allowance for loan losses	'	'	'	'
Beginning Balance	329	497	358	918
Charge-offs	'	'	'	578
Recoveries	4	16	8	21
Provision	26	-140	-7	12
Ending Balance	359	373	359	373
1-4 family residential	'	'	'	'
Activity in allowance for loan losses	'	'	'	'
Beginning Balance	2,111	1,974	2,169	1,989
Charge-offs	25	16	88	141
Recoveries	4	30	16	56
Provision	234	-4	227	80
Ending Balance	2,324	1,984	2,324	1,984
Multi-family residential	'	'	'	'
Activity in allowance for loan losses	'	'	'	'
Beginning Balance	401	493	427	414
Charge-offs	'	161	'	161
Recoveries	'	39	'	39
Provision	-74	110	-100	189
Ending Balance	327	481	327	481
Non-farm & non-residential	'	'	'	'
Activity in allowance for loan losses	'	'	'	'
Beginning Balance	930	611	564	628
Recoveries	'	10	367	18
Provision	-196	56	-197	31
Ending Balance	734	677	734	677
Agricultural	'	'	'	'
Activity in allowance for loan losses	'	'	'	'
Beginning Balance	553	747	578	845
Charge-offs	'	'	'	86
Recoveries	1	1	25	3
Provision	-8	-87	-57	-101
Ending Balance	546	661	546	661
Consumer	'	'	'	'
Activity in allowance for loan losses	'	'	'	'
Beginning Balance	550	511	548	517
Charge-offs	76	104	153	252
Recoveries	23	7	41	18
Provision	46	134	107	265
Ending Balance	543	548	543	548
Other	'	'	'	'
Activity in allowance for loan losses	'	'	'	'
Beginning Balance	11	99	51	54
Charge-offs	105	172	202	309
Recoveries	72	80	159	206
Provision	55	85	25	141
Ending Balance	33	92	33	92
Unallocated	'	'	'	'
Activity in allowance for loan losses	'	'	'	'
Beginning Balance	523	556	516	532
Provision	-6	-25	1	-1
Ending Balance	$517	$531	$517	$531

LOANS_Details_3

LOANS (Details 3) (USD $)	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012
Loans	'	'	'	'	'	'
Accrued interest receivable	$2,000,000	'	$2,300,000	'	'	'
Allowance for Loan Losses:	'	'	'	'	'	'
Individually Evaluated for Impairment	818,000	'	712,000	'	'	'
Collectively Evaluated for Impairment	4,796,000	'	4,729,000	'	'	'
Total	5,614,000	5,616,000	5,441,000	5,498,000	5,623,000	6,047,000
Loans:	'	'	'	'	'	'
Individually Evaluated for Impairment	17,012,000	'	13,536,000	'	'	'
Collectively Evaluated for Impairment	479,122,000	'	455,119,000	'	'	'
Total	496,134,000	'	468,655,000	'	'	'
Commercial	'	'	'	'	'	'
Allowance for Loan Losses:	'	'	'	'	'	'
Collectively Evaluated for Impairment	231,000	'	230,000	'	'	'
Total	231,000	208,000	230,000	151,000	135,000	150,000
Loans:	'	'	'	'	'	'
Collectively Evaluated for Impairment	33,727,000	'	34,654,000	'	'	'
Total	33,727,000	'	34,654,000	'	'	'
Real estate construction	'	'	'	'	'	'
Allowance for Loan Losses:	'	'	'	'	'	'
Collectively Evaluated for Impairment	359,000	'	358,000	'	'	'
Total	359,000	329,000	358,000	373,000	497,000	918,000
Loans:	'	'	'	'	'	'
Collectively Evaluated for Impairment	13,393,000	'	11,177,000	'	'	'
Total	13,393,000	'	11,177,000	'	'	'
1-4 family residential	'	'	'	'	'	'
Allowance for Loan Losses:	'	'	'	'	'	'
Individually Evaluated for Impairment	326,000	'	228,000	'	'	'
Collectively Evaluated for Impairment	1,998,000	'	1,941,000	'	'	'
Total	2,324,000	2,111,000	2,169,000	1,984,000	1,974,000	1,989,000
Loans:	'	'	'	'	'	'
Individually Evaluated for Impairment	3,196,000	'	2,873,000	'	'	'
Collectively Evaluated for Impairment	205,424,000	'	191,515,000	'	'	'
Total	208,620,000	'	194,388,000	'	'	'
Multi-family residential	'	'	'	'	'	'
Allowance for Loan Losses:	'	'	'	'	'	'
Individually Evaluated for Impairment	50,000	'	76,000	'	'	'
Collectively Evaluated for Impairment	277,000	'	351,000	'	'	'
Total	327,000	401,000	427,000	481,000	493,000	414,000
Loans:	'	'	'	'	'	'
Individually Evaluated for Impairment	345,000	'	274,000	'	'	'
Collectively Evaluated for Impairment	18,460,000	'	16,146,000	'	'	'
Total	18,805,000	'	16,420,000	'	'	'
Non-farm & non-residential	'	'	'	'	'	'
Allowance for Loan Losses:	'	'	'	'	'	'
Individually Evaluated for Impairment	182,000	'	110,000	'	'	'
Collectively Evaluated for Impairment	552,000	'	454,000	'	'	'
Total	734,000	930,000	564,000	677,000	611,000	628,000
Loans:	'	'	'	'	'	'
Individually Evaluated for Impairment	3,937,000	'	2,716,000	'	'	'
Collectively Evaluated for Impairment	127,858,000	'	124,075,000	'	'	'
Total	131,795,000	'	126,791,000	'	'	'
Agricultural	'	'	'	'	'	'
Allowance for Loan Losses:	'	'	'	'	'	'
Individually Evaluated for Impairment	260,000	'	298,000	'	'	'
Collectively Evaluated for Impairment	286,000	'	280,000	'	'	'
Total	546,000	553,000	578,000	661,000	747,000	845,000
Loans:	'	'	'	'	'	'
Individually Evaluated for Impairment	9,534,000	'	7,673,000	'	'	'
Collectively Evaluated for Impairment	63,071,000	'	60,329,000	'	'	'
Total	72,605,000	'	68,002,000	'	'	'
Consumer	'	'	'	'	'	'
Allowance for Loan Losses:	'	'	'	'	'	'
Collectively Evaluated for Impairment	543,000	'	548,000	'	'	'
Total	543,000	550,000	548,000	548,000	511,000	517,000
Loans:	'	'	'	'	'	'
Collectively Evaluated for Impairment	16,947,000	'	17,065,000	'	'	'
Total	16,947,000	'	17,065,000	'	'	'
Other	'	'	'	'	'	'
Allowance for Loan Losses:	'	'	'	'	'	'
Collectively Evaluated for Impairment	33,000	'	51,000	'	'	'
Total	33,000	11,000	51,000	92,000	99,000	54,000
Loans:	'	'	'	'	'	'
Collectively Evaluated for Impairment	242,000	'	158,000	'	'	'
Total	242,000	'	158,000	'	'	'
Unallocated	'	'	'	'	'	'
Allowance for Loan Losses:	'	'	'	'	'	'
Collectively Evaluated for Impairment	517,000	'	516,000	'	'	'
Total	$517,000	$523,000	$516,000	$531,000	$556,000	$532,000

LOANS_Details_4

LOANS (Details 4) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Unpaid Principal Balance	'	'	'	'	'
Total	$17,012	'	$17,012	'	$14,501
Recorded Investment	'	'	'	'	'
Total	17,012	'	17,012	'	13,536
Allowance for Loan Losses Allocated	818	'	818	'	712
Average Recorded Investment	'	'	'	'	'
Total	14,393	13,804	14,344	14,488	14,691
Interest Income Recognized	'	'	'	'	'
Total	183	60	221	191	697
Cash Basis Interest Recognized	'	'	'	'	'
Total	183	60	221	191	697
Real estate construction	'	'	'	'	'
Average Recorded Investment	'	'	'	'	'
With an allowance recorded	'	'	'	'	607
1-4 family residential	'	'	'	'	'
Unpaid Principal Balance	'	'	'	'	'
With no related allowance recorded	1,302	'	1,302	'	824
With an allowance recorded	1,894	'	1,894	'	2,080
Recorded Investment	'	'	'	'	'
With no related allowance recorded	1,302	'	1,302	'	793
With an allowance recorded	1,894	'	1,894	'	2,080
Allowance for Loan Losses Allocated	326	'	326	'	228
Average Recorded Investment	'	'	'	'	'
With no related allowance recorded	1,562	1,035	1,002	1,253	1,217
With an allowance recorded	1,377	1,016	1,991	874	1,349
Interest Income Recognized	'	'	'	'	'
With no related allowance recorded	'	2	'	21	28
With an allowance recorded	38	7	44	21	96
Cash Basis Interest Recognized	'	'	'	'	'
With no related allowance recorded	'	2	'	21	28
With an allowance recorded	38	7	44	21	96
Multi-family residential	'	'	'	'	'
Unpaid Principal Balance	'	'	'	'	'
With an allowance recorded	345	'	345	'	274
Recorded Investment	'	'	'	'	'
With an allowance recorded	345	'	345	'	274
Allowance for Loan Losses Allocated	50	'	50	'	76
Average Recorded Investment	'	'	'	'	'
With an allowance recorded	310	669	323	511	443
Interest Income Recognized	'	'	'	'	'
With an allowance recorded	1	1	5	3	3
Cash Basis Interest Recognized	'	'	'	'	'
With an allowance recorded	1	1	5	3	3
Non-farm & non-residential	'	'	'	'	'
Unpaid Principal Balance	'	'	'	'	'
With no related allowance recorded	'	'	'	'	1,650
With an allowance recorded	3,937	'	3,937	'	1,913
Recorded Investment	'	'	'	'	'
With no related allowance recorded	'	'	'	'	803
With an allowance recorded	3,937	'	3,937	'	1,913
Allowance for Loan Losses Allocated	182	'	182	'	110
Average Recorded Investment	'	'	'	'	'
With no related allowance recorded	'	1,065	267	1,625	1,471
With an allowance recorded	3,553	2,421	3,043	2,641	1,938
Interest Income Recognized	'	'	'	'	'
With no related allowance recorded	'	20	'	40	81
With an allowance recorded	48	20	73	40	79
Cash Basis Interest Recognized	'	'	'	'	'
With no related allowance recorded	'	20	'	40	81
With an allowance recorded	48	20	73	40	79
Agricultural	'	'	'	'	'
Unpaid Principal Balance	'	'	'	'	'
With no related allowance recorded	4,780	'	4,780	'	2,912
With an allowance recorded	4,754	'	4,754	'	4,847
Recorded Investment	'	'	'	'	'
With no related allowance recorded	4,780	'	4,780	'	2,826
With an allowance recorded	4,754	'	4,754	'	4,847
Allowance for Loan Losses Allocated	260	'	260	'	298
Average Recorded Investment	'	'	'	'	'
With no related allowance recorded	2,836	2,854	2,684	2,873	2,802
With an allowance recorded	4,755	4,744	5,034	4,711	4,864
Interest Income Recognized	'	'	'	'	'
With no related allowance recorded	77	3	80	9	123
With an allowance recorded	19	7	19	57	287
Cash Basis Interest Recognized	'	'	'	'	'
With no related allowance recorded	77	3	80	9	123
With an allowance recorded	$19	$7	$19	$57	$287

LOANS_Details_5

LOANS (Details 5) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Loans	'	'	'	'	'
Nonaccrual	$3,938	'	$3,938	'	$2,974
Loans Past Due Over 90 Days Still Accruing	266	'	266	'	554
Accruing Troubled Debt Restructurings	6,870	'	6,870	'	6,901
Percentage of nonaccrual loans secured by real estate	92.40%	'	92.40%	'	'
Minimum period for which principal or interest is in default for loans to be considered as nonaccrual	'	'	'90 days	'	'
Maximum period past due for loans to be considered as impaired	'	'	'90 days	'	'
Impaired loans transferred to other real estate owned	'	'	419	248	'
Amount recorded in charge offs which contributed to a reduction in nonaccrual loan balances	206	458	643	1,538	'
Commercial	'	'	'	'	'
Loans	'	'	'	'	'
Nonaccrual	299	'	299	'	'
Amount recorded in charge offs which contributed to a reduction in nonaccrual loan balances	'	5	200	11	'
Real estate construction	'	'	'	'	'
Loans	'	'	'	'	'
Amount recorded in charge offs which contributed to a reduction in nonaccrual loan balances	'	'	'	578	'
Prior loan charge offs recovered	'	'	616	'	'
1-4 family residential	'	'	'	'	'
Loans	'	'	'	'	'
Nonaccrual	2,350	'	2,350	'	1,171
Loans Past Due Over 90 Days Still Accruing	266	'	266	'	314
Accruing Troubled Debt Restructurings	487	'	487	'	493
Amount recorded in charge offs which contributed to a reduction in nonaccrual loan balances	25	16	88	141	'
Multi-family residential	'	'	'	'	'
Loans	'	'	'	'	'
Nonaccrual	85	'	85	'	275
Amount recorded in charge offs which contributed to a reduction in nonaccrual loan balances	'	161	'	161	'
Non-farm & non-residential	'	'	'	'	'
Loans	'	'	'	'	'
Nonaccrual	988	'	988	'	803
Accruing Troubled Debt Restructurings	1,853	'	1,853	'	1,878
Agricultural	'	'	'	'	'
Loans	'	'	'	'	'
Nonaccrual	216	'	216	'	717
Loans Past Due Over 90 Days Still Accruing	'	'	'	'	232
Accruing Troubled Debt Restructurings	4,530	'	4,530	'	4,530
Amount recorded in charge offs which contributed to a reduction in nonaccrual loan balances	'	'	'	86	'
Consumer	'	'	'	'	'
Loans	'	'	'	'	'
Nonaccrual	'	'	'	'	8
Loans Past Due Over 90 Days Still Accruing	'	'	'	'	8
Amount recorded in charge offs which contributed to a reduction in nonaccrual loan balances	$76	$104	$153	$252	'

LOANS_Details_6

LOANS (Details 6) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Aging of recorded investment in past due and non-accrual loans	'	'
30-59 Days Past Due	$3,107	$2,965
60-89 Days Past Due	737	1,312
Greater than 90 Days Past Due	266	554
Non-accrual	3,938	2,974
Total Past Due and Non-accrual	8,048	7,805
Loans Not Past Due	488,086	460,850
Commercial	'	'
Aging of recorded investment in past due and non-accrual loans	'	'
30-59 Days Past Due	79	49
Non-accrual	299	'
Total Past Due and Non-accrual	378	49
Loans Not Past Due	33,349	34,605
Real estate construction	'	'
Aging of recorded investment in past due and non-accrual loans	'	'
30-59 Days Past Due	'	175
Total Past Due and Non-accrual	'	175
Loans Not Past Due	13,393	11,002
1-4 family residential	'	'
Aging of recorded investment in past due and non-accrual loans	'	'
30-59 Days Past Due	1,788	1,981
60-89 Days Past Due	433	1,285
Greater than 90 Days Past Due	266	314
Non-accrual	2,350	1,171
Total Past Due and Non-accrual	4,837	4,751
Loans Not Past Due	203,783	189,637
Multi-family residential	'	'
Aging of recorded investment in past due and non-accrual loans	'	'
60-89 Days Past Due	260	'
Non-accrual	85	275
Total Past Due and Non-accrual	345	275
Loans Not Past Due	18,460	16,145
Non-farm & non-residential	'	'
Aging of recorded investment in past due and non-accrual loans	'	'
30-59 Days Past Due	777	503
Non-accrual	988	803
Total Past Due and Non-accrual	1,765	1,306
Loans Not Past Due	130,030	125,485
Agricultural	'	'
Aging of recorded investment in past due and non-accrual loans	'	'
30-59 Days Past Due	312	155
Greater than 90 Days Past Due	'	232
Non-accrual	216	717
Total Past Due and Non-accrual	528	1,104
Loans Not Past Due	72,077	66,898
Consumer	'	'
Aging of recorded investment in past due and non-accrual loans	'	'
30-59 Days Past Due	151	102
60-89 Days Past Due	44	27
Greater than 90 Days Past Due	'	8
Non-accrual	'	8
Total Past Due and Non-accrual	195	145
Loans Not Past Due	16,752	16,920
Other	'	'
Aging of recorded investment in past due and non-accrual loans	'	'
Loans Not Past Due	$242	$158

LOANS_Details_7

LOANS (Details 7) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
	item	item
LOANS	'	'	'
Reserves to customers whose loan terms have been modified in troubled debt restructurings	$398	'	$428
Trouble debt restructuring defaulted on payment	$0	$0	'
Number of loans modified	0	0	'

LOANS_Details_8

LOANS (Details 8) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Credit Quality Indicators	'	'
Loans	$496,134	$468,655
Pass	'	'
Credit Quality Indicators	'	'
Loans	435,512	410,284
Special Mention	'	'
Credit Quality Indicators	'	'
Loans	31,698	27,653
Substandard	'	'
Credit Quality Indicators	'	'
Loans	11,714	13,495
Doubtful	'	'
Credit Quality Indicators	'	'
Loans	21	'
Commercial	'	'
Credit Quality Indicators	'	'
Loans	33,727	34,654
Commercial | Pass	'	'
Credit Quality Indicators	'	'
Loans	31,932	32,771
Commercial | Special Mention	'	'
Credit Quality Indicators	'	'
Loans	1,241	1,587
Commercial | Substandard	'	'
Credit Quality Indicators	'	'
Loans	554	296
Real estate construction	'	'
Credit Quality Indicators	'	'
Loans	13,393	11,177
Real estate construction | Pass	'	'
Credit Quality Indicators	'	'
Loans	11,934	9,660
Real estate construction | Special Mention	'	'
Credit Quality Indicators	'	'
Loans	1,459	1,517
1-4 family residential	'	'
Credit Quality Indicators	'	'
Loans	208,620	194,388
1-4 family residential | Pass	'	'
Credit Quality Indicators	'	'
Loans	190,893	176,553
1-4 family residential | Special Mention	'	'
Credit Quality Indicators	'	'
Loans	10,040	10,346
1-4 family residential | Substandard	'	'
Credit Quality Indicators	'	'
Loans	7,666	7,489
1-4 family residential | Doubtful	'	'
Credit Quality Indicators	'	'
Loans	21	'
Multi-family residential	'	'
Credit Quality Indicators	'	'
Loans	18,805	16,420
Multi-family residential | Pass	'	'
Credit Quality Indicators	'	'
Loans	16,738	14,392
Multi-family residential | Special Mention	'	'
Credit Quality Indicators	'	'
Loans	1,555	1,579
Multi-family residential | Substandard	'	'
Credit Quality Indicators	'	'
Loans	512	449
Non-farm & non-residential	'	'
Credit Quality Indicators	'	'
Loans	131,795	126,791
Non-farm & non-residential | Pass	'	'
Credit Quality Indicators	'	'
Loans	125,306	120,195
Non-farm & non-residential | Special Mention	'	'
Credit Quality Indicators	'	'
Loans	5,050	5,327
Non-farm & non-residential | Substandard	'	'
Credit Quality Indicators	'	'
Loans	1,439	1,269
Agricultural	'	'
Credit Quality Indicators	'	'
Loans	72,605	68,002
Agricultural | Pass	'	'
Credit Quality Indicators	'	'
Loans	58,709	56,713
Agricultural | Special Mention	'	'
Credit Quality Indicators	'	'
Loans	12,353	7,297
Agricultural | Substandard	'	'
Credit Quality Indicators	'	'
Loans	1,543	3,992
Consumer	'	'
Credit Quality Indicators	'	'
Loans	16,947	17,065
Consumer | Non-performing	'	'
Credit Quality Indicators	'	'
Loans	$0	$16
Minimum period past due for loans to be considered as non-performing	'90 days	'

REAL_ESTATE_OWNED_Details

REAL ESTATE OWNED (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Activity in real estate owned	'	'	'	'
Beginning of year	'	'	$3,379	$4,168
Additions	'	'	419	335
Sales	'	'	-1,540	-924
(Additions) subtractions to valuation allowance, net	'	'	-10	10
Recovery from sale in valuation allowance	'	'	58	199
End of period	2,306	3,788	2,306	3,788
Activity in the valuation allowance	'	'	'	'
Beginning of year	'	'	1,524	1,668
Additions (subtractions) to valuation allowance, net	'	'	10	-10
Recovery from sale	'	'	-58	-199
End of period	1,476	1,459	1,476	1,459
Expenses related to foreclosed assets	'	'	'	'
Net loss (gain) on sales	'	'	-70	-30
Additions (subtractions) to valuation allowance, net	'	'	10	-10
Operating expenses (receipts), net of rental income	'	'	13	45
Repossession expenses, net	25	-32	23	35
End of period	'	'	($47)	$5

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Basic Earnings Per Share	'	'	'	'
Net Income	$1,904	$1,785	$3,675	$3,494
Weighted average common shares outstanding	2,708	2,704	2,708	2,705
Basic earnings per share (in dollars per share)	$0.70	$0.66	$1.36	$1.29
Diluted Earnings Per Share	'	'	'	'
Net income	$1,904	$1,785	$3,675	$3,494
Weighted average common shares outstanding	2,708	2,704	2,708	2,705
Add dilutive effects of assumed vesting of stock grants	'	4	'	4
Weighted average common and dilutive potential common shares outstanding	2,708	2,708	2,708	2,709
Diluted earnings per share (in dollars per share)	$0.70	$0.66	$1.36	$1.29

EARNINGS_PER_SHARE_Details_2

EARNINGS PER SHARE (Details 2) (Stock options)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Stock options	'	'	'	'
Antidilutive securities	'	'	'	'
Antidilutive shares excluded from computation of diluted earnings per share	12,725	19,500	12,725	19,500

STOCK_COMPENSATION_Details

STOCK COMPENSATION (Details)	6 Months Ended
	Jun. 30, 2014
	item
STOCK COMPENSATION	'
Number of share based compensation plans	4

STOCK_COMPENSATION_Details_2

STOCK COMPENSATION (Details 2) (Stock Options)	6 Months Ended
	Jun. 30, 2014
Stock Option Plans	'
Stock Based Compensation	'
Life of awards	'10 years
1999 Plan	'
Stock Based Compensation	'
Vesting period	'5 years
Number of shares authorized for issuance	100,000
1993 Non-Employee Directors Stock Ownership Incentive Plan	'
Stock Based Compensation	'
Number of shares authorized for issuance	20,000

STOCK_COMPENSATION_Details_3

STOCK COMPENSATION (Details 3) (Stock Option Plans, USD $)	6 Months Ended
	Jun. 30, 2014
Stock Option Plans	'
Shares	'
Outstanding, beginning of year (in shares)	19,100
Forfeited or expired (in shares)	-6,375
Outstanding, end of period (in shares)	12,725
Vested and expected to vest (in shares)	12,725
Exercisable, end of period (in shares)	12,725
Weighted Average Exercise Price	'
Outstanding, beginning of year (in dollars per share)	$31.50
Forfeited or expired (in dollars per share)	$33.56
Outstanding, end of period (in dollars per share)	$30.46
Vested and expected to vest (in dollars per share)	$30.46
Exercisable, end of period (in dollars per share)	$30.46
Weighted Average Remaining Contractual Term	'
Outstanding, end of period	'10 years 10 months 24 days
Vested and expected to vest	'10 years 10 months 24 days
Exercisable, end of period	'10 years 10 months 24 days
Additional disclosures	'
Unrecognized compensation cost related to nonvested stock options granted	$0
Additional options to be granted under the plans (in shares)	0

STOCK_COMPENSATION_Details_4

STOCK COMPENSATION (Details 4) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
2005 Restricted Stock Grant Plan | Restricted stock	'	'
Stock Based Compensation	'	'
Number of shares authorized for issuance	50,000	'
Shares available for issuance	4,995	'
Shares	'	'
Nonvested at the beginning of the period (in shares)	15,565	'
Granted (in shares)	7,475	6,065
Forfeited (in shares)	0	0
Vested (in shares)	-4,756	'
Nonvested at the end of the period (in shares)	18,284	'
Weighted-Average Grant-Date Fair Value	'	'
Nonvested shares, balance at the beginning of the period (in dollars)	$280,016	'
Granted (in dollars)	181,194	'
Vested (in dollars)	-84,518	'
Nonvested shares, balance at the end of the period (in dollars)	376,692	'
Fair Value Per Share	'	'
Nonvested shares, balance at the beginning of the period (in dollars per share)	$17.99	'
Granted (in dollars per share)	$24.24	'
Vested (in dollars per share)	$17.77	'
Nonvested shares, balance at the end of the period (in dollars per share)	$20.60	'
Additional disclosures	'	'
Total unrecognized compensation cost related to nonvested shares granted	327,197	'
Period over which cost is expected to be recognized	'5 years	'
2009 Stock Award Plan	'	'
Stock Based Compensation	'	'
Number of shares authorized for issuance	150,000	900
Shares available for issuance	149,100	'
2009 Stock Award Plan | Restricted stock	'	'
Shares	'	'
Nonvested at the beginning of the period (in shares)	900	'
Granted (in shares)	0	900
Vested (in shares)	-180	'
Nonvested at the end of the period (in shares)	720	'
Weighted-Average Grant-Date Fair Value	'	'
Nonvested shares, balance at the beginning of the period (in dollars)	20,880	'
Vested (in dollars)	-4,176	'
Nonvested shares, balance at the end of the period (in dollars)	16,704	'
Fair Value Per Share	'	'
Nonvested shares, balance at the beginning of the period (in dollars per share)	$23.20	'
Vested (in dollars per share)	$23.20	'
Nonvested shares, balance at the end of the period (in dollars per share)	$23.20	'
Additional disclosures	'	'
Total unrecognized compensation cost related to nonvested shares granted	$15,312	'
Period over which cost is expected to be recognized	'5 years	'

OTHER_BORROWINGS_Details

OTHER BORROWINGS (Details) (Revolving promissory note, USD $)	Jun. 30, 2014
In Millions, unless otherwise specified
Revolving promissory note	'
OTHER BORROWINGS	'
Maximum borrowing capacity	$5
Outstanding balance	$0

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	$224,168	$230,396
Trading Assets	5,242	'
Transfers from Level 1 to Level 2	0	0
Transfers from Level 2 to Level 1	0	0
Carrying Value	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	224,168	230,396
Trading Assets	5,242	'
Fair Value	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	'	230,396
Quoted Prices In Active Markets for Identical Assets (Level 1)	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	294	289
Trading Assets	5,242	'
Significant Other Observable Inputs (Level 2)	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	223,874	230,107
Recurring | Fair Value	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	229,410	230,396
Trading Assets	5,242	'
Recurring | Quoted Prices In Active Markets for Identical Assets (Level 1)	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	5,536	289
Trading Assets	5,242	'
Recurring | Significant Other Observable Inputs (Level 2)	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	223,874	230,107
U.S. government agencies	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	67,272	69,286
U.S. government agencies | Recurring | Fair Value	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	67,272	69,286
U.S. government agencies | Recurring | Significant Other Observable Inputs (Level 2)	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	67,272	69,286
States and municipals	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	87,538	90,183
States and municipals | Recurring | Fair Value	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	87,538	90,183
States and municipals | Recurring | Significant Other Observable Inputs (Level 2)	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	87,538	90,183
Mortgage-backed - residential	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	69,064	70,638
Mortgage-backed - residential | Recurring | Fair Value	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	69,064	70,638
Mortgage-backed - residential | Recurring | Significant Other Observable Inputs (Level 2)	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	69,064	70,638
Equity securities	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	294	289
Equity securities | Recurring | Fair Value	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	294	289
Equity securities | Recurring | Quoted Prices In Active Markets for Identical Assets (Level 1)	'	'
Fair value on instruments on recurring basis	'	'
Available for sale investment securities	$294	$289

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2012

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

In Thousands, unless otherwise specified

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

1-4 family residential

1-4 family residential

1-4 family residential

1-4 family residential

Multi-family residential

Multi-family residential

Multi-family residential

Multi-family residential

Non-farm & non-residential

Non-farm & non-residential

Non-farm & non-residential

Non-farm & non-residential

Agricultural

Agricultural

Agricultural

Agricultural

Residential

Residential

Residential

Residential

item

Carrying Value

Carrying Value

Significant Unobservable Inputs (Level 3)

Significant Unobservable Inputs (Level 3)

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Non-recurring

Carrying Value

Carrying Value

Significant Unobservable Inputs (Level 3)

Significant Unobservable Inputs (Level 3)

Carrying Value

Carrying Value

Significant Unobservable Inputs (Level 3)

Significant Unobservable Inputs (Level 3)

Carrying Value

Carrying Value

Significant Unobservable Inputs (Level 3)

Significant Unobservable Inputs (Level 3)

Carrying Value

Carrying Value

Significant Unobservable Inputs (Level 3)

Significant Unobservable Inputs (Level 3)

Carrying Value

Carrying Value

Significant Unobservable Inputs (Level 3)

Significant Unobservable Inputs (Level 3)

Impaired Loans

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Impaired loans, at fair value

'

'

'

'

$2,900

'

$2,900

'

'

'

'

'

'

$1,137

$1,420

$1,137

$1,420

$295

$199

$295

$199

$1,276

$36

$1,276

$36

$220

$275

$220

$275

'

'

'

'

Valuation allowance of impaired loans

818

712

'

'

370

'

370

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of impaired loans

'

'

'

'

'

'

5

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total provision for loan losses

'

'

'

'

'

'

536

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Increase (decrease) in allowance for specific impaired loans

'

'

'

'

-28

'

106

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other real estate owned, net:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other real estate owned

'

'

'

'

1,200

'

1,200

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,180

1,361

1,180

1,361

Outstanding balance of other real estate owned

2,306

3,379

3,788

4,168

2,700

'

2,700

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Valuation allowance of other real estate owned

1,476

1,524

1,459

1,668

1,500

'

1,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Write downs of other real estate owned

'

'

'

'

10

0

10

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loan servicing rights

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loan servicing rights, at fair value

1,245

1,344

'

'

344

'

344

'

201

344

201

344

201

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding balance of loan servicing rights

'

'

'

'

414

'

414

'

260

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Valuation allowance of loan servicing rights

'

'

'

'

70

'

70

'

59

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Write-downs of loan servicing rights

'

'

'

'

$17

'

$12

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

FAIR_VALUE_MEASUREMENTS_Detail2

FAIR VALUE MEASUREMENTS (Details 3) (USD $)	6 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Fair Value Measurements	'	'
Loan servicing rights	1,245	1,344
Non-recurring	'	'
Fair Value Measurements	'	'
Impaired loans, at fair value	2,900	'
Other real estate owned	1,200	'
Loan servicing rights	344	201
Non-recurring | Level 3	'	'
Fair Value Measurements	'	'
Loan servicing rights	344	201
Non-recurring | Discounted cash flow | Level 3	'	'
Fair Value Measurements	'	'
Loan servicing rights	344	201
Non-recurring | Minimum | Discounted cash flow | Level 3	'	'
Fair Value Measurements	'	'
constant prepayment rates (as a percent)	7.00%	7.00%
Non-recurring | Maximum | Discounted cash flow | Level 3	'	'
Fair Value Measurements	'	'
constant prepayment rates (as a percent)	22.00%	23.00%
Non-recurring | Weighted average | Discounted cash flow | Level 3	'	'
Fair Value Measurements	'	'
constant prepayment rates (as a percent)	11.00%	10.00%
Non-recurring | 1-4 family residential | Level 3	'	'
Fair Value Measurements	'	'
Impaired loans, at fair value	1,137	1,420
Non-recurring | 1-4 family residential | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Impaired loans, at fair value	1,137	1,420
Other real estate owned	1,180	1,361
Non-recurring | 1-4 family residential | Minimum | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Adjustment for differences between the comparable sales and income data available (as a percent)	0.00%	0.00%
Non-recurring | 1-4 family residential | Maximum | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Adjustment for differences between the comparable sales and income data available (as a percent)	99.00%	99.00%
Non-recurring | 1-4 family residential | Weighted average | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Adjustment for differences between the comparable sales and income data available (as a percent)	6.00%	14.00%
Non-recurring | Multi-family residential | Level 3	'	'
Fair Value Measurements	'	'
Impaired loans, at fair value	295	199
Non-recurring | Multi-family residential | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Impaired loans, at fair value	295	199
Non-recurring | Multi-family residential | Minimum | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Adjustment for differences between the comparable sales and income data available (as a percent)	0.00%	12.00%
Non-recurring | Multi-family residential | Maximum | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Adjustment for differences between the comparable sales and income data available (as a percent)	32.00%	32.00%
Non-recurring | Multi-family residential | Weighted average | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Adjustment for differences between the comparable sales and income data available (as a percent)	3.00%	22.00%
Non-recurring | Non-farm & non-residential | Level 3	'	'
Fair Value Measurements	'	'
Impaired loans, at fair value	1,276	36
Non-recurring | Non-farm & non-residential | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Impaired loans, at fair value	1,276	36
Non-recurring | Non-farm & non-residential | Minimum | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Adjustment for differences between the comparable sales and income data available (as a percent)	0.00%	0.00%
Non-recurring | Non-farm & non-residential | Maximum | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Adjustment for differences between the comparable sales and income data available (as a percent)	61.00%	61.00%
Non-recurring | Non-farm & non-residential | Weighted average | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Adjustment for differences between the comparable sales and income data available (as a percent)	20.00%	31.00%
Non-recurring | Agricultural | Level 3	'	'
Fair Value Measurements	'	'
Impaired loans, at fair value	220	275
Non-recurring | Agricultural | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Impaired loans, at fair value	220	275
Non-recurring | Agricultural | Minimum | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Adjustment for differences between the comparable sales and income data available (as a percent)	5.00%	5.00%
Non-recurring | Agricultural | Maximum | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Adjustment for differences between the comparable sales and income data available (as a percent)	44.00%	44.00%
Non-recurring | Agricultural | Weighted average | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Adjustment for differences between the comparable sales and income data available (as a percent)	24.00%	20.00%
Non-recurring | Residential | Level 3	'	'
Fair Value Measurements	'	'
Other real estate owned	1,180	1,361
Non-recurring | Residential | Minimum | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Adjustment for differences between the comparable sales and income data available (as a percent)	0.00%	0.00%
Non-recurring | Residential | Minimum | Income approach | Level 3	'	'
Fair Value Measurements	'	'
capitalization rate (as a percent)	8.00%	8.00%
Non-recurring | Residential | Maximum | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Adjustment for differences between the comparable sales and income data available (as a percent)	32.00%	33.00%
Non-recurring | Residential | Maximum | Income approach | Level 3	'	'
Fair Value Measurements	'	'
capitalization rate (as a percent)	8.00%	8.00%
Non-recurring | Residential | Weighted average | Sales comparison | Level 3	'	'
Fair Value Measurements	'	'
Adjustment for differences between the comparable sales and income data available (as a percent)	6.00%	4.00%
Non-recurring | Residential | Weighted average | Income approach | Level 3	'	'
Fair Value Measurements	'	'
capitalization rate (as a percent)	8.00%	8.00%

FAIR_VALUE_MEASUREMENTS_Detail3

FAIR VALUE MEASUREMENTS (Details 4) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Financial Assets	'	'
Securities	$224,168	$230,396
Trading Assets	5,242	'
Mortgage loans held for sale	495	223
Interest receivable	3,254	3,618
Financial liabilities	'	'
Interest payable	679	736
Quoted Prices In Active Markets for Identical Assets (Level 1)	'	'
Financial Assets	'	'
Cash and cash equivalents	15,039	23,160
Securities	294	289
Trading Assets	5,242	'
Financial liabilities	'	'
Deposits	415,247	428,239
Federal Funds Purchased	4,649	'
Significant Other Observable Inputs (Level 2)	'	'
Financial Assets	'	'
Securities	223,874	230,107
Mortgage loans held for sale	500	229
Interest receivable	1,216	1,315
Financial liabilities	'	'
Deposits	184,104	191,523
Securities sold under agreements to repurchase and other borrowings	11,459	13,013
FHLB advances	77,953	52,220
Interest payable	670	727
Significant Unobservable Inputs (Level 3)	'	'
Financial Assets	'	'
Loans, net	490,183	459,796
Interest receivable	2,038	2,303
Financial liabilities	'	'
Subordinated debentures	7,210	7,217
Interest payable	9	9
Carrying Value	'	'
Financial Assets	'	'
Cash and cash equivalents	15,039	23,160
Securities	224,168	230,396
Trading Assets	5,242	'
Mortgage loans held for sale	495	223
Loans, net	490,520	463,214
FHLB stock	5,981	6,731
Interest receivable	3,254	3,618
Financial liabilities	'	'
Deposits	597,409	617,400
Securities sold under agreements to repurchase and other borrowings	11,297	12,867
Federal Funds Purchased	4,649	'
FHLB advances	81,414	57,847
Subordinated debentures	7,217	7,217
Interest payable	679	736
Fair Value	'	'
Financial Assets	'	'
Cash and cash equivalents	15,039	23,160
Securities	224,168	230,396
Trading Assets	5,242	'
Mortgage loans held for sale	500	229
Loans, net	490,183	459,796
Interest receivable	3,254	3,618
Financial liabilities	'	'
Deposits	599,351	619,762
Securities sold under agreements to repurchase and other borrowings	11,459	13,013
Federal Funds Purchased	4,649	'
FHLB advances	77,953	52,220
Subordinated debentures	7,210	7,217
Interest payable	$679	$736

CHANGES_IN_ACCUMULATED_OTHER_C2

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Changes in accumulated other comprehensive income (loss) by component	'	'	'	'
Beginning Balance	($1,875)	$3,031	($5,126)	$4,283
Unrealized holding gains (losses) for the period, net of tax	1,892	-4,404	5,267	-5,465
Reclassification adjustment for:	'	'	'	'
Securities gains realized in income, net	-245	-485	-433	-774
Income taxes	-83	-165	-147	-263
Securities gains realized in income, net of income taxes	-162	-320	-286	-511
Net current period other comprehensive income	1,730	-4,724	4,981	-5,976
Ending Balance	($145)	($1,693)	($145)	($1,693)

CHANGES_IN_ACCUMULATED_OTHER_C3

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT (Details 2) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Reclassifications out of AOCI by component	'	'	'	'
Securities gains, net	($245)	($485)	($433)	($774)
Provision for income taxes	368	468	661	870
Net of tax	-1,904	-1,785	-3,675	-3,494
Unrealized Gains and Losses on Available for Sale Securities | Amount Reclassified From Accumulated Other Comprehensive Income	'	'	'	'
Reclassifications out of AOCI by component	'	'	'	'
Securities gains, net	-245	-485	-433	-774
Provision for income taxes	83	165	147	263
Net of tax	($162)	($320)	($286)	($511)