Jacksonville Bancorp (JAXB) 10-Q 10 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 30, 2015
Document Information [Line Items]
Entity Registrant Name	JACKSONVILLE BANCORP INC /FL/
Entity Central Index Key	1,071,264
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		3,481,273
Nonvoting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,315,321

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and due from financial institutions	$ 24,538	$ 23,778
Federal funds sold and other	1,872	594
Cash and cash equivalents	26,410	24,372
Securities available-for-sale	67,375	77,633
Loans, net of allowance for loan losses of $12,570 and $14,377 as of September 30, 2015 and December 31, 2014, respectively	386,941	360,279
Premises and equipment, net	4,961	5,147
Assets held for sale	0	786
Bank owned life insurance	11,984	11,857
Federal Home Loan Bank stock, at cost	928	1,243
Other real estate owned, net	3,768	4,061
Accrued interest receivable	1,366	1,464
Other intangible assets, net	372	570
Other assets	1,149	1,172
Total assets	505,254	488,584
Deposits
Noninterest-bearing demand deposits	122,520	107,840
Money market, NOW and savings deposits	193,502	174,693
Time deposits	117,010	133,223
Total deposits	433,032	415,756
Federal Home Loan Bank short-term borrowings	2,500	8,500
Federal Home Loan Bank and other long-term borrowings	9,360	9,129
Subordinated debentures	16,266	16,218
Accrued expenses and other liabilities	1,976	1,869
Total liabilities	463,134	451,472
SHAREHOLDERS' EQUITY
Preferred stock	0	0
Additional paid-in capital	138,128	138,096
Retained deficit	(95,744)	(100,759)
Accumulated other comprehensive loss	(322)	(283)
Total shareholders' equity	42,120	37,112
Total liabilities and shareholders' equity	505,254	488,584
Common Stock [Member]
SHAREHOLDERS' EQUITY
Common stock	35	32
Nonvoting Common Stock [Member]
SHAREHOLDERS' EQUITY
Common stock	$ 23	$ 26

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Allowance for loan losses	$ 12,570	$ 14,377
Common Stock [Member]
Common stock, par value (dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	3,480,961	3,180,300
Common stock, shares outstanding (in shares)	3,480,961	3,180,300
Nonvoting Common Stock [Member]
Common stock, par value (dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	2,315,321	2,614,821
Common stock, shares outstanding (in shares)	2,315,321	2,614,821

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest and dividend income:
Loans, including fees	$ 4,833	$ 4,832	$ 14,330	$ 14,591
Taxable securities	273	295	841	917
Tax-exempt securities	158	80	305	271
Federal funds sold and other	33	44	101	123
Total interest income	5,297	5,251	15,577	15,902
Interest expense:
Deposits	469	514	1,421	1,619
Federal Reserve and other borrowings	8	11	23	33
Federal Home Loan Bank advances	49	58	149	207
Subordinated debentures	209	207	617	615
Total interest expense	735	790	2,210	2,474
Net interest income	4,562	4,461	13,367	13,428
Provision for loan losses	0	0	(2,011)	287
Net interest income after provision for loan losses	4,562	4,461	15,378	13,141
Noninterest income:
Service charges on deposit accounts	198	187	563	551
Other income	174	680	554	1,072
Total noninterest income	372	867	1,117	1,623
Noninterest expense:
Salaries and employee benefits	1,645	1,850	4,804	6,186
Occupancy and equipment	574	611	1,683	1,876
Regulatory assessments	102	187	469	548
Data processing	555	509	1,612	1,539
Advertising and business development	53	60	180	201
Professional fees	216	403	744	897
Telephone expense	88	93	267	282
Other real estate owned expense	228	71	388	181
Other	509	716	1,315	1,693
Total noninterest expense	3,970	4,500	11,462	13,403
Net income before income taxes	964	828	5,033	1,361
Income tax (benefit) expense	(28)	20	18	20
Net income	$ 992	$ 808	$ 5,015	$ 1,341
Weighted average common shares outstanding:
Basic shares (in shares)	5,796,282	5,795,121	5,796,012	5,795,104
Dilutive stock options (in shares)	19,466	1,981	12,604	3,349
Diluted shares (in shares)	5,815,748	5,797,102	5,808,616	5,798,453
Earnings per common share:
Basic (in dollars per share)	$ 0.17	$ 0.14	$ 0.87	$ 0.23
Diluted (in dollars per share)	$ 0.17	$ 0.14	$ 0.86	$ 0.23

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]
Net income	$ 992	$ 808	$ 5,015	$ 1,341
Other comprehensive income:
Change in unrealized holding gains (losses) on available-for-sale securities	111	(156)	(10)	898
Net unrealized derivative (loss) gain on cash flow hedge	(61)	110	(29)	77
Other comprehensive income (loss)	50	(46)	(39)	975
Tax effect	0	0	0	0
Other comprehensive income (loss), net of tax effect	50	(46)	(39)	975
Total comprehensive income	$ 1,042	$ 762	$ 4,976	$ 2,316

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Nonvoting Common Stock [Member]	Preferred Stock [Member]	Additional Paid-In Capital [Member]	Retained Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Total
Beginning Balance at Dec. 31, 2013	$ 32	$ 26	$ 0	$ 138,050	$ (102,688)	$ (1,488)	$ 33,932
Beginning Balance (in shares) at Dec. 31, 2013	3,177,090	2,618,005	0
Net income	$ 0	$ 0	$ 0	0	1,341	0	1,341
Other comprehensive income (loss)	$ 0	$ 0	0	0	0	975	975
Total comprehensive income							2,316
Permitted transfer of nonvoting common stock to common stock						0	0
Permitted transfer of nonvoting common stock to common stock (in shares)	3,184	(3,184)
Vesting of restricted stock	$ 0	$ 0	$ 0	0	0	0	0
Vesting of restricted stock (in shares)	26	0	0
Share-based compensation expense	$ 0	$ 0	$ 0	46	0	0	46
Ending Balance at Sep. 30, 2014	$ 32	$ 26	$ 0	138,096	(101,347)	(513)	36,294
Ending Balance (in shares) at Sep. 30, 2014	3,180,300	2,614,821	0
Beginning Balance at Dec. 31, 2014	$ 32	$ 26	$ 0	138,096	(100,759)	(283)	37,112
Beginning Balance (in shares) at Dec. 31, 2014	3,180,300	2,614,821	0
Net income	$ 0	$ 0	$ 0	0	5,015		5,015
Other comprehensive income (loss)	0	0	0	0	0	(39)	(39)
Total comprehensive income							4,976
Permitted transfer of nonvoting common stock to common stock	$ 3	$ (3)				0	0
Permitted transfer of nonvoting common stock to common stock (in shares)	299,500	(299,500)
Exercise of common stock options, including tax benefit		$ 0	$ 0	11	0	0	11
Exercise of common stock options, including tax benefit (In shares)	1,125	0	0
Vesting of restricted stock	$ 0	$ 0	$ 0	0	0	0	0
Vesting of restricted stock (in shares)	36	0	0
Share-based compensation expense	$ 0	$ 0	$ 0	21	0	0	21
Ending Balance at Sep. 30, 2015	$ 35	$ 23	$ 0	$ 138,128	$ (95,744)	$ (322)	$ 42,120
Ending Balance (in shares) at Sep. 30, 2015	3,480,961	2,315,321	0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income	$ 5,015	$ 1,341
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	391	526
Net amortization of deferred loan fees	18	134
Provision for loan losses	(2,011)	287
Premium amortization for securities, net of accretion	482	678
Net accretion of purchase accounting adjustments	(364)	(957)
Net loss (gain) on sale of other real estate owned	1	(38)
Write-downs of other real estate owned	291	48
Write-down and loss on sale of assets held for sale	101	15
Gain from bank-owned life insurance death benefit	0	(489)
Earnings on bank-owned life insurance	(127)	(150)
Share-based compensation	21	46
Net change in:
Accrued interest receivable and other assets	122	(131)
Accrued expenses and other liabilities	77	(33)
Net cash from operating activities	4,017	1,277
Available-for-sale securities:
Maturities, repayments and calls	15,832	12,842
Purchases	(6,066)	(10,277)
Loan (originations) payments, net	(24,252)	7,007
Proceeds from bank-owned life insurance death benefits	0	797
Proceeds from sale of other real estate owned and other assets held for sale	854	1,340
Additions to premises and equipment, net	(205)	(300)
Redemptions of Federal Home Loan Bank stock, net of purchases	315	337
Net cash (used for) from investing activities	(13,522)	11,746
Cash flows from financing activities:
Net change in deposits	17,282	3,414
Proceeds from Federal Home Loan Bank advances	20,000	0
Repayment of Federal Home Loan Bank advances	(26,000)	(2,518)
Proceeds from other borrowings	250	0
Proceeds from exercise of common stock options	11	0
Net cash from financing activities	11,543	896
Net change in cash and cash equivalents	2,038	13,919
Cash and cash equivalents at beginning of period	24,372	40,325
Cash and cash equivalents at end of period	26,410	54,244
Cash paid during the period for
Interest	2,223	2,534
Income taxes	70	0
Supplemental schedule of noncash investing activities:
Acquisition of other real estate owned	167	2,887
Transfer of assets to held for sale	$ 0	$ 944

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2015
BASIS OF PRESENTATION [Abstract]
BASIS OF PRESENTATION	NOTE 1 – BASIS OF PRESENTATION Principles of Consolidation The accounting and reporting policies of the Company reflect banking industry practice and conform to accounting principles generally accepted in the United States of America (U.S. GAAP). The consolidated financial statements include the accounts of Jacksonville Bancorp, Inc. (Bancorp), its wholly owned, operating subsidiary The Jacksonville Bank, and The Jacksonville Bank’s wholly owned subsidiary, Fountain Financial, Inc. The consolidated entity is referred to as (the “Company”) and The Jacksonville Bank and Fountain Financial, Inc. are collectively referred to as (the “Bank”). The Company’s financial condition and operating results principally reflect those of the Bank. All significant intercompany transactions and balances have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and with Regulation S-X. Accordingly, they do not include all of the information and disclosures required by U.S. GAAP for complete financial statements. In management’s opinion, all adjustments, consisting primarily of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods have been made. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ significantly from those estimates and assumptions. Certain reclassifications have been made to prior period amounts to conform to the current period presentation. These financial statements should be read in conjunction with the Company's Consolidated Financial Statements and notes thereto included in the Annual Report on Form 10-K for the year ended December 31, 2014. There have been no significant changes to the Company’s accounting policies as disclosed in the 2014 Annual Report on Form 10-K. Nature of Operations Bancorp is a financial holding company headquartered in Jacksonville, Florida. The Bank currently provides financial services through eight full-service branches in Jacksonville and Jacksonville Beach, Duval County, Florida, as well as its virtual branch. The Company’s primary business segment is community banking and consists of attracting deposits from the general public and using such deposits and other sources of funds to originate commercial business loans, commercial real estate loans, residential mortgage loans and a variety of consumer loans. Substantially all loans are secured by specific items of collateral, including business assets, consumer assets, and commercial and residential real estate. Commercial loans are expected to be repaid from cash flow from operations of businesses. There are no significant concentrations of loans to any one industry or customer. However, the customers’ ability to repay their loans is dependent on the local real estate market and general economic conditions in the area. For further information, please refer to the Consolidated Financial Statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the SEC on March 16, 2015. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606) Revenue Recognition In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In April 2015, the FASB issued ASU No. 2015-05, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement This standard is effective for public business entities for fiscal years, and for interim fiscal periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. This standard is effective for public business entities for fiscal years, and for interim fiscal periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. Other accounting standards that have been issued by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

RECENT DEVELOPMENTS

RECENT DEVELOPMENTS	9 Months Ended
	Sep. 30, 2015
RECENT DEVELOPMENTS [Abstract]
RECENT DEVELOPMENTS	NOTE 2 – RECENT DEVELOPMENTS On September 30, 2015, Ameris Bancorp, a Georgia corporation (Ameris), and Bancorp entered into an Agreement and Plan of Merger (the Merger Agreement) pursuant to which, subject to the terms and conditions therein, Bancorp will merge with and into Ameris, with Ameris remaining as the surviving entity. The Merger Agreement provides that immediately following the merger of Ameris and Bancorp, Bank will be merged into Ameris Bank, a Georgia Bank wholly owned by Ameris, with Ameris Bank remaining as the surviving entity. The Merger Agreement has been unanimously approved by the boards of directors of each of Ameris and Bancorp. Under the terms and subject to the conditions of the Merger Agreement, Bancorp’s shareholders will have the right to receive 0.5861 shares of Ameris common stock or $16.50 in cash for each share of the common stock and nonvoting common stock of Bancorp they hold. The total consideration in the merger will be prorated as necessary to ensure that 25% of the total outstanding shares of common stock and nonvoting common stock of Bancorp will be exchanged for cash and 75% of the total outstanding shares of common stock and nonvoting common stock of Bancorp will be exchanged for shares of Ameris common stock in the merger. The closing of the merger is subject to the required approval of Bancorp’s shareholders, requisite regulatory approvals, the effectiveness of the registration statement to be filed by Ameris with respect to the stock to be issued in the merger, an amendment to the Bancorp articles of incorporation to provide for conversion of Bancorp nonvoting common stock to Ameris common stock, and other customary closing conditions. The merger is expected to close during the first quarter of 2016.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2015
INVESTMENT SECURITIES [Abstract]
INVESTMENT SECURITIES	NOTE 3 - SECURITIES The following table summarizes the amortized cost and fair value of the available-for-sale investment securities portfolio as of September 30, 2015 and December 31, 2014 and the corresponding amounts of unrealized gains and losses recognized in accumulated other comprehensive income (loss): (dollars in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value September 30, 2015 Available-for-sale: U.S. government-sponsored entities and agencies $ 6,878 $ 146 $ (10 ) $ 7,014 State and political subdivisions 5,267 341 - 5,608 Mortgage-backed securities - residential 26,197 874 (34 ) 27,037 Collateralized mortgage obligations 25,233 115 (200 ) 25,148 Corporate bonds 2,516 52 - 2,568 Total $ 66,091 $ 1,528 $ (244 ) $ 67,375 Amortized Cost Unrealized Gains Unrealized Losses Fair Value December 31, 2014 Available-for-sale: U.S. government-sponsored entities and agencies $ 7,019 $ 161 $ (23 ) $ 7,157 State and political subdivisions 6,535 525 - 7,060 Mortgage-backed securities - residential 30,454 928 (22 ) 31,360 Collateralized mortgage obligations 29,306 94 (438 ) 28,962 Corporate bonds 3,025 69 - 3,094 Total $ 76,339 $ 1,777 $ (483 ) $ 77,633 As of September 30, 2015 and December 31, 2014, the Company’s investment securities portfolio did not include any held-to-maturity securities. The amortized cost and fair value of the investment securities portfolio are presented below in order of contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date, primarily mortgage-backed securities – residential and collateralized mortgage obligations, are shown separately. (dollars in thousands) September 30, 2015 Amortized Cost Fair Value Available-for-sale: Within one year $ 503 $ 509 One to five years 1,988 2,027 Five to ten years 4,253 4,330 Beyond ten years 7,917 8,324 Mortgage-backed securities – residential 26,197 27,037 Collateralized mortgage obligations 25,233 25,148 Total $ 66,091 $ 67,375 The following table summarizes the investment securities with unrealized losses as of September 30, 2015 and December 31, 2014 listed by aggregated major security type and length of time in a continuous unrealized loss position: Less Than 12 Months 12 Months or Longer Total (dollars in thousands) September 30, 2015 Fair Value Unrealized losses Fair Value Unrealized losses Fair Value Unrealized losses Available-for-sale: U.S. government-sponsored entities and agencies $ 595 $ (5 ) $ 996 $ (5 ) $ 1,591 $ (10 ) State and political subdivisions - - - - - - Mortgage backed securities – residential 1,424 (22 ) 1,172 (12 ) 2,596 (34 ) Collateralized mortgage obligations 4,140 (17 ) 6,802 (184 ) 10,942 (201 ) Corporate bonds - - - - - - Total available-for-sale securities $ 6,159 $ (44 ) $ 8,970 $ (201 ) $ 15,129 $ (245 ) Less Than 12 Months 12 Months or Longer Total December 31, 2014 Fair Value Unrealized losses Fair Value Unrealized losses Fair Value Unrealized losses Available-for-sale: U.S. government-sponsored entities and agencies $ - $ - $ 977 $ (23 ) $ 977 $ (23 ) State and political subdivisions - - - - - - Mortgage backed securities – residential 1,849 (1 ) 1,192 (21 ) 3,041 (22 ) Collateralized mortgage obligations 6,599 (40 ) 11,258 (398 ) 17,857 (438 ) Corporate bonds - - - - - - Total available-for-sale securities $ 8,448 $ (41 ) $ 13,427 $ (442 ) $ 21,875 $ (483 ) As of September 30, 2015 and December 31, 2014, the Company’s security portfolio consisted of $67.4 million and $77.6 million, respectively, in available-for-sale securities, of which $15.1 million and $21.9 million were in an unrealized loss position for the related periods. The unrealized losses as of September 30, 2015 and December 31, 2014 were related to the securities types held by the Company, as discussed below. U.S. Government-Sponsored Entities and Agency Securities: All of the U.S. Agency securities held by the Company were issued by U.S. government-sponsored entities and agencies. As of September 30, 2015 and December 31, 2014, the number of U.S. Agency securities with unrealized losses was two and one, respectively. As of September 30, 2015 and December 31, 2014, these securities had depreciated 0.60% and 2.30%, respectively, from the Company’s amortized cost basis. Mortgage-backed Securities – Residential All of the mortgage-backed securities held by the Company were issued by U.S. government-sponsored entities and agencies, primarily Ginnie Mae and Fannie Mae, institutions which have the full faith and credit of the U.S. government. As of September 30, 2015 and December 31, 2014, mortgage-backed securities with unrealized losses were two and three, respectively. As of September 30, 2015 and December 31, 2014, these securities had depreciated 1.30% and 0.71%, respectively, from the Company’s amortized cost basis. Collateralized Mortgage Obligations All of the collateralized mortgage obligation securities held by the Company were issued by U.S. government-sponsored entities and agencies, primarily Ginnie Mae, an institution which has the full faith and credit of the U.S. government. As of September 30, 2015 and December 31, 2014, collateralized mortgage obligations with unrealized losses were twelve and eighteen, respectively. As of September 30, 2015 and December 31, 2014, these securities had depreciated 1.80% and 2.40%, respectively, from the Company’s amortized cost basis. For the securities with unrealized losses at September 30, 2015 and December 31, 2014, the unrealized losses resulted from market interest rate changes, as opposed to credit losses. The Company does not intend to sell these securities, and it is likely that it will not be required to sell the securities before their anticipated recovery. The Company expects to recover the entire amortized cost basis of the securities. Having reviewed these securities for OTTI, the Company does not consider them to be other-than-temporarily impaired and no impairment loss has been recognized in the Consolidated Statements of Operations.

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 30, 2015
LOANS AND ALLOWANCE FOR LOAN LOSSES [Abstract]
LOANS AND ALLOWANCE FOR LOAN LOSSES	NOTE 4 – LOANS AND ALLOWANCE FOR LOAN LOSSES Loans as of September 30, 2015 and December 31, 2014 were as follows: (dollars in thousands) September 30, 2015 December 31, 2014 Commercial loans $ 64,658 $ 57,876 Real estate mortgage loans: Residential 74,979 71,002 Commercial 229,165 222,468 Construction and land 29,799 22,319 Consumer and other loans 1,513 1,489 Loans, gross 400,114 375,154 Less: Net deferred loan fees (603 ) (498 ) Allowance for loan losses (12,570 ) (14,377 ) Loans, net $ 386,941 $ 360,279 Loans acquired as a result of the merger with Atlantic BancGroup, Inc. (ABI) were recorded at fair value on the date of acquisition. The amounts reported in the table above are net of the fair value adjustments. The table below reflects the contractual amount of purchased loans less the discount to principal balances remaining from these fair value adjustments by class of loan as of September 30, 2015 and December 31, 2014. This discount will be accreted into interest income as deemed appropriate over the remaining term of the related loans or to support unidentified losses. (dollars in thousands) September 30, 2015 Gross Contractual Amount Receivable Discount Carrying Amount Commercial loans $ 1,557 $ 115 $ 1,442 Real estate mortgage loans: Residential 12,847 616 12,231 Commercial 32,683 1,834 30,849 Construction and land 2,907 235 2,672 Consumer and other loans 366 3 363 Total $ 50,360 $ 2,803 $ 47,557 December 31, 2014 Gross Contractual Amount Receivable Discount Carrying Amount Commercial loans $ 1,758 $ 144 $ 1,614 Real estate mortgage loans: Residential 15,748 761 14,987 Commercial 37,481 2,167 35,314 Construction and land 3,452 334 3,118 Consumer and other loans 400 3 397 Total $ 58,839 $ 3,409 $ 55,430 The Company has divided the loan portfolio into three portfolio segments, each with different risk characteristics and methodologies for assessing risk. The three portfolio segments identified by the Company are described below. Commercial Loans Commercial loans are primarily underwritten on the basis of the borrowers’ ability to service such debt from operating cash flows. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. As a general practice, loans are secured by a security interest in any available real estate, equipment, or other chattel, although loans may also be made on an unsecured basis. Collateralized working capital loans typically are secured with short-term assets whereas long-term loans are primarily secured with long-term assets. Credit risk is mitigated by the diversity and number of borrowers as well as loan type within the commercial portfolio. Real Estate Mortgage Loans Real estate mortgage loans are typically segmented into three classes: commercial real estate, residential real estate and construction and land development. Commercial real estate loans are secured by the subject property and are underwritten based upon standards set forth in the underwriting guidelines authorized by the Bank’s Board of Directors. Such standards include, among other factors, loan-to-value limits, debt service coverage and general creditworthiness of the obligors. Residential real estate loans are underwritten in accordance with policies set forth and approved by the Bank’s Board, including repayment capacity and source, value of the underlying property, credit history, stability and purchaser guidelines. Construction loans to borrowers are to finance the construction of owner occupied and lease properties. These loans are categorized as construction loans during the construction period, later converting to commercial or residential real estate loans after the construction is complete and amortization of the loan begins. Real estate development and construction loans are approved based on an analysis of the borrower and guarantor, the viability of the project and on an acceptable percentage of the appraised value of the property securing the loan. Real estate development and construction loan funds are disbursed periodically based on the percentage of construction completed. The Bank carefully monitors these loans with on-site inspections and requires the receipt of invoices and lien waivers prior to advancing funds. Development and construction loans are typically secured by the properties under development or construction, and personal guarantees are typically obtained. Further, to assure that reliance is not placed solely on the value of the underlying property, the Bank considers the market conditions and feasibility of proposed projects, the financial condition and reputation of the borrower and guarantors, the amount of the borrower’s equity in the project, independent appraisals, cost estimates and pre-construction sale information. The Bank also makes loans on occasion for the purchase of land for future development by the borrower. Land loans are extended for the future development of either commercial or residential use by the borrower. The Bank carefully analyzes the intended use of the property and the viability thereof. Repayment of real estate loans is primarily dependent upon the personal income or business income generated by the secured property of the borrowers, which can be impacted by the economic conditions in their market area. Risk is mitigated by the fact that the properties securing the Company’s real estate loan portfolio are diverse in type and spread over a large number of borrowers. Consumer and Other Loans Consumer and other loans are extended for various purposes, including purchases of automobiles, recreational vehicles, and boats. The Company also offers home improvement loans, lines of credit, personal loans, and deposit account collateralized loans. Repayment of these loans is primarily dependent on the personal income of the borrowers, which can be impacted by economic conditions in their market areas, such as unemployment levels. Loans to consumers are extended after a credit evaluation, including the creditworthiness of the borrower(s), the purpose of the credit, and the secondary source of repayment. Consumer loans are made at fixed and variable interest rates and may be made on terms of up to ten years. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers. Activity in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2015 and 2014 was as follows: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2015 2014 2015 2014 Allowance at beginning of period $ 12,861 $ 14,616 $ 14,377 $ 15,760 Charge-offs: Commercial loans (4 ) (70 ) (170 ) (272 ) Real estate mortgage loans (874 ) (545 ) (1,264 ) (2,034 ) Consumer and other loans - (154 ) (4 ) (170 ) Total charge-offs (878 ) (769 ) (1,438 ) (2,476 ) Recoveries: Commercial loans 14 10 53 37 Real estate mortgage loans 457 1,306 1,436 1,545 Consumer and other loans 116 7 153 17 Total recoveries 587 1,323 1,642 1,599 Net (charge-offs) recoveries (291 ) 554 204 (877 ) Provision for loan losses charged to operating expenses: Commercial loans (1 ) (26 ) (43 ) 102 Real estate mortgage loans (15 ) (312 ) (1,271 ) (73 ) Consumer and other loans 16 338 (697 ) 258 Total provision - - (2,011 ) 287 Allowance at end of period $ 12,570 $ 15,170 $ 12,570 $ 15,170 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method as of September 30, 2015 and December 31, 2014: (dollars in thousands) September 30, 2015 Commercial Loans Real Estate Mortgage Loans Consumer and Other Loans Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 59 $ 1,526 $ - $ 1,585 Collectively evaluated for impairment 1,072 9,536 377 10,985 Loans acquired with deteriorated credit quality - - - - Total ending allowance balance $ 1,131 $ 11,062 $ 377 $ 12,570 Loans: Loans individually evaluated for impairment $ 59 $ 14,454 $ 23 $ 14,536 Loans collectively evaluated for impairment 64,517 308,102 1,490 374,109 Loans acquired with deteriorated credit quality 82 11,387 - 11,469 Total ending loans balance $ 64,658 $ 333,943 $ 1,513 $ 400,114 December 31, 2014 Commercial Loans Real Estate Mortgage Loans Consumer and Other Loans Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 21 $ 539 $ - $ 560 Collectively evaluated for impairment 1,270 11,622 925 13,817 Loans acquired with deteriorated credit quality - - - - Total ending allowance balance $ 1,291 $ 12,161 $ 925 $ 14,377 Loans: Loans individually evaluated for impairment $ 21 $ 16,033 $ 28 $ 16,082 Loans collectively evaluated for impairment 57,749 285,371 1,461 344,581 Loans acquired with deteriorated credit quality 106 14,385 - 14,491 Total ending loans balance $ 57,876 $ 315,789 $ 1,489 $ 375,154 The following table presents loans individually evaluated for impairment, by class of loans as of September 30, 2015 and December 31, 2014: September 30, 2015 December 31, 2014 (dollars in thousands) Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With no related allowance recorded: Commercial loans $ - $ - $ - $ - $ - $ - Real estate mortgage loans: Residential 790 734 - 2,288 2,211 - Commercial 9,173 8,675 - 14,012 11,104 - Construction and land 1,100 1,071 - 1,174 1,126 - Consumer and other loans 26 23 - 31 28 - Subtotal 11,089 10,503 - 17,505 14,469 - With an allowance recorded: Commercial loans 60 59 59 21 21 21 Real estate mortgage loans: Residential 1,797 1,740 693 692 629 103 Commercial 1,957 1,948 655 489 489 214 Construction and land 332 286 178 493 474 222 Consumer and other loans - - - - - - Subtotal 4,146 4,033 1,585 1,695 1,613 560 Total $ 15,235 $ 14,536 $ 1,585 $ 19,200 $ 16,082 $ 560 The following table presents the average recorded investment in impaired loans and the related interest income recognized during impairment for the three and nine months ended September 30, 2015 and 2014. Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 (dollars in thousands) Average Impaired Loans Interest Income Cash Basis Average Impaired Loans Interest Income Cash Basis With no related allowance recorded: Commercial loans $ - $ - $ - $ 56 $ - $ - Real estate mortgage loans: Residential 806 5 5 884 16 16 Commercial 7,530 72 72 9,015 349 349 Construction and land 1,078 9 9 1,191 28 28 Consumer and other loans 23 - - 25 - - Subtotal 9,437 86 86 11,171 393 393 With an allowance recorded: Commercial loans 61 - - 62 - - Real estate mortgage loans: Residential 1,742 5 5 939 15 16 Commercial 474 6 6 480 17 17 Construction and land 288 - - 294 - - Consumer and other loans - - - - - - Subtotal 2,565 11 11 1,775 32 33 Total $ 12,002 $ 97 $ 97 $ 12,946 $ 425 $ 426 Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 (dollars in thousands) Average Impaired Loans Interest Income Cash Basis Average Impaired Loans Interest Income Cash Basis With no related allowance recorded: Commercial loans $ 68 $ - $ - $ 192 $ - $ - Real estate mortgage loans: Residential 2,063 18 18 2,407 63 63 Commercial 10,556 42 42 10,651 126 126 Construction and land 2,503 7 7 4,119 21 21 Consumer and other loans 32 - - 35 - - Subtotal 15,222 67 67 17,404 210 210 With an allowance recorded: Commercial loans 16 - - 17 - - Real estate mortgage loans: Residential 830 7 7 830 21 21 Commercial 5,496 13 13 4,291 38 38 Construction and land 591 3 3 545 10 10 Consumer and other loans 308 - - 314 - - Subtotal 7,241 23 23 5,997 69 69 Total $ 22,463 $ 90 $ 90 $ 23,401 $ 279 $ 279 The following table presents the recorded investment in nonaccrual loans by class of loans as of September 30, 2015 and December 31, 2014: (dollars in thousands) September 30, 2015 December 31, 2014 Commercial loans $ 59 $ 21 Real estate mortgage loans: Residential 2,092 1,151 Commercial 4,485 7,408 Construction and land 386 574 Consumer and other loans 23 28 Total $ 7,045 $ 9,182 There were no loans past due 90 days or greater and still accruing at September 30, 2015 and December 31, 2014. The following table presents the aging of the recorded investment in past due loans by class of loans as of September 30, 2015 and December 31, 2014: Past Due Loans (dollars in thousands) September 30, 2015 30-59 Days 60-89 Days 90 Days and Greater Total Loans Not Past Due Total Commercial loans $ 199 $ - $ 21 $ 220 $ 64,438 $ 64,658 Real estate mortgage loans: Residential 589 163 235 987 73,992 74,979 Commercial - 1,477 2,699 4,176 224,989 229,165 Construction and land - - 122 122 29,677 29,799 Consumer and other loans 258 - - 258 1,255 1,513 Total $ 1,046 $ 1,640 $ 3,077 $ 5,763 $ 394,351 $ 400,114 Past Due Loans December 31, 2014 30-59 Days 60-89 Days 90 Days and Greater Total Loans Not Past Due Total Commercial loans $ 218 $ - $ - $ 218 $ 57,658 $ 57,876 Real estate mortgage loans: Residential 874 579 681 2,134 68,868 71,002 Commercial 5,032 1,701 4,784 11,517 210,951 222,468 Construction and land - - 350 350 21,969 22,319 Consumer and other loans 269 - - 269 1,220 1,489 Total $ 6,393 $ 2,280 $ 5,815 $ 14,488 $ 360,666 $ 375,154 The delinquency status of purchased credit impaired loans that resulted from our acquisition of ABI is based on the contractual terms of the loan. In effect, past due status of an acquired loan is determined in the same manner as loans originated by the Bank. Troubled Debt Restructurings During the normal course of business, the Company may restructure or modify the terms of a loan for various reasons. The restructuring of a loan is considered a troubled debt restructuring (TDR) if both (i) the borrower is experiencing financial difficulties and (ii) a concession is granted that otherwise would not have occurred under normal circumstances. The following table presents the recorded investment and specific reserves allocated to loans modified as TDRs as of September 30, 2015 and December 31, 2014. (dollars in thousands) September 30, 2015 December 31, 2014 Recorded investment (1) $ 10,671 $ 10,794 Specific reserves allocated (2) 342 372 (1) Of the total recorded investment in loans modified as TDRs, $1,101 and $1,285, respectively, were for customers whose loans were collateral dependent with collateral shortfalls. (2) Of the specific reserves allocated to customers whose loan terms were modified as TDRs, $342 and $372, respectively, were allocated to customers whose loans were collateral dependent with collateral shortfalls. The following table represents loans by class modified as TDRs that occurred during the three and nine months ended September 30, 2015 and 2014: Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 (dollars in thousands) Number of loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial loans - $ - $ - - $ - $ - Real estate mortgage loans: Residential 1 214 208 1 214 208 Commercial - - - 1 1,496 1,689 Construction and land - - - - - - Consumer and other loans - - - - - - Total 1 $ 214 $ 208 2 $ 1,710 $ 1,897 Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 (dollars in thousands) Number of loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial loans - $ - $ - 1 $ 62 $ 62 Real estate mortgage loans: Residential - - - 2 171 151 Commercial - - - 6 3,579 3,629 Construction and land - - - 2 281 219 Consumer and other loans 1 208 208 2 447 447 Total 1 $ 208 $ 208 13 $ 4,540 $ 4,508 During the three and nine months ended September 30, 2015, respectively, there was one and two collateral-impaired loan modified as TDRs. During the three and nine months ended September 30, 2014, there were one and thirteen loans, respectively, modified as TDRs. The terms of these loans were modified as TDRs because the borrowers were experiencing financial difficulties. The loan modifications allowed the borrowers to make reduced payments, such as (i) reduced fixed interest rate through maturity and an advance to cover a deficiency from sale of a separate foreclosed property, (ii) change from principal and interest payments to interest only payments for a limited period of time, (iii) reduced principal and interest payments through maturity, (iv) change from variable rate interest only payments through maturity to fixed rate interest only payments for a limited period of time and reduced principal and interest payments through maturity, (v) change from variable rate interest only payments through maturity to fixed rate and reduced principal and interest payments through maturity, or (vi) proposed forgiveness of principal contingent upon the satisfaction of the modified terms. The TDRs described above did not increase the allowance for loan losses as of September 30, 2015 and there were no related charge-offs for the three and nine months ended September 30, 2015, respectively. For the three and nine months ended September 30, 2014, the TDRs described above did not increase the allowance for loan losses as of September 30, 2014 and resulted in charge-offs of $0 and $256,000, respectively. As of September 30, 2015 and December 31, 2014, the Company had no commitments to lend additional amounts to customers with outstanding loans whose terms were modified as TDRs. There were no TDRs for which there was a payment default within twelve months following the modification during the three and nine months ended September 30, 2015 and 2014. A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. Loans modified that did not meet the definition of a TDR had a total recorded investment of $7.3 million and $14.7 million for the three and nine months ended September 30, 2015, respectively, and $1.9 million and $12.1 million for the three and nine months ended September 30, 2014, respectively. These modifications involved loans to borrowers who were not experiencing financial difficulties and included (i) allowing the borrowers to make interest-only payments for a limited period of time, (ii) adjusting the interest rate to a market interest rate through maturity, (iii) extension of interest-only payments for a limited period of time, or (iv) extension of maturity date. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Company’s internal underwriting policy. 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. All loans are graded upon initial issuance. Loans classified as substandard or special mention are reviewed at least quarterly by the Company for further deterioration or improvement to determine if they are appropriately classified and whether there is any impairment. Further, commercial loans are typically reviewed at least annually to determine the appropriate loan grading. In addition, during the renewal process of any loan, as well as if a loan becomes past due, the Company determines the appropriate loan grade. Loans excluded from the review process above are generally classified as pass credits until: (i) they become past due; (ii) management becomes aware of a deterioration in the credit worthiness of the borrower; or (iii) the customer contacts the Company for a modification. In these circumstances, the loan is specifically evaluated for potential classification as to special mention, substandard or doubtful. The Company uses the following definitions for risk ratings: Special Mention Loans classified as special mention have a potential weakness that deserves 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 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 September 30, 2015 , and based on the most recent analysis performed, the risk category of loans by class of loans was as follows: (dollars in thousands) September 30, 2015 Pass Special Mention Substandard Doubtful Total Commercial loans $ 64,480 $ 76 $ 102 $ - $ 64,658 Real estate mortgage loans: Residential 66,702 4,628 3,649 - 74,979 Commercial 218,529 2,552 8,084 - 229,165 Construction and land 27,013 1,688 1,098 - 29,799 Consumer and other loans 1,477 13 23 - 1,513 Total $ 378,201 $ 8,957 $ 12,956 $ - $ 400,114 December 31, 2014 Pass Special Mention Substandard Doubtful Total Commercial loans $ 56,704 $ 1,103 $ 69 $ - $ 57,876 Real estate mortgage loans: Residential 61,666 4,717 4,619 - 71,002 Commercial 202,225 5,278 14,965 - 222,468 Construction and land 20,799 62 1,458 - 22,319 Consumer and other loans 1,437 24 28 - 1,489 Total $ 342,831 $ 11,184 $ 21,139 $ - $ 375,154 Purchased Loans The Company has purchased loans for which there was, at acquisition, evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. The unpaid principal balance and carrying amounts of these loans were as follows as of September 30, 2015 and December 31, 2014: (dollars in thousands) September 30, 2015 December 31, 2014 Commercial loans $ 112 $ 150 Real estate mortgage loans: Residential 2,111 3,625 Commercial 10,320 11,937 Construction and land 233 240 Consumer and other loans - - Unpaid principal balance $ 12,776 $ 15,952 Carrying amount $ 11,469 $ 14,491 Accretable yield, or income collected, from these loans was as follows: (dollars in thousands) Balance as of December 31, 2013 $ 8,993 New loans purchased, including loans classified as held-for-sale - Accretion of income (766 ) Reduction for loans sold, paid off and other (1,837 ) Loans charged off (28 ) Reclassifications from nonaccretable difference - Disposals - Balance as of September 30, 2014 $ 6,362 Balance as of December 31, 2014 $ 6,329 New loans purchased, including loans classified as held-for-sale - Accretion of income (599 ) Reduction for loans sold, paid off and other (673 ) Loans charged off - Reclassifications from nonaccretable difference 127 Disposals - Balance as of September 30, 2015 $ 5,184 For those purchased loans disclosed above, the Company did not increase the allowance for loan losses as of September 30, 2015 or December 31, 2014, respectively.

BORROWED FUNDS

BORROWED FUNDS	9 Months Ended
	Sep. 30, 2015
BORROWED FUNDS [Abstract]
BORROWED FUNDS	NOTE 5 – BORROWED FUNDS Short-term borrowings Short-term borrowings at September 30, 2015 and December 31, 2014 were as follows: (dollars in thousands) September 30, 2015 December 31, 2014 FHLB short-term borrowings Advance maturing January 9, 2015 at a fixed rate of 0.88% $ - $ 4,000 Advances maturing March 2, 2015 at a fixed rate of 0.76% - 2,000 Advances maturing July 15, 2016 at a fixed rate of 2.81% 2,500 2,500 Total short-term borrowing $ 2,500 $ 8,500 Short-term borrowings mature either overnight or have a maturity due within one year. Federal Home Loan Bank (FHLB) borrowings maturing in less than one year are transferred from long-term debt to short-term borrowings on the Consolidated Balance Sheets. Advances from the FHLB are collateralized by FHLB stock and certain 1-4 residential, multifamily, home equity lines of credit and commercial real estate loans to secure a total commitment amount of $59.0 million and $52.0 million as of September 30, 2015 The Company has entered into line of credit agreements with various financial institutions to purchase federal funds with an aggregate commitment amount of $19.5 million as of September 30, 2015 and December 31, 2014. As of September 30, 2015 and December 31, 2014, there were no federal funds purchased. The Company also has a “Borrower in Custody” line of credit arrangement with the Federal Reserve Bank through which it has pledged a portion of its unencumbered loan portfolio to secure a total commitment amount of $26.1 million and $24.4 million as of September 30, 2015 and December 31, 2014, Long-Term Debt Long-term debt at September 30, 2015 and December 31, 2014 was as follows: (dollars in thousands) September 30, 2015 December 31, 2014 FHLB long-term debt Advances maturing January 9, 2017 at a fixed rate of 1.40% $ 4,000 $ 4,000 Advances maturing May 30, 2017 at a fixed rate of 1.23% 5,000 5,000 Total long-term debt $ 9,000 $ 9,000 Revolving Loan Agreements During the year ended December 31, 2011, Bancorp entered into revolving loan agreements (collectively, the Revolvers) with several of its directors and other related parties. There was no amount outstanding under the Revolvers as of December 31, 2014 with $2.2 million remaining funds available as of the same date. Each Revolver paid an annual rate of interest equal to 8% of the Revolver amount outstanding on a quarterly basis. To the extent that any Revolver was not fully drawn, an unused revolver fee was calculated and paid quarterly at an annual rate of 2% on the revolving loan commitment less the daily average principal amount outstanding. The Revolvers matured on January 1, 2015. On January 8, 2015, Bancorp entered into a loan agreement with Castle Creek SSF-D Investors, LP (Castle Creek) under which Castle Creek agreed to make revolving loans to the Company not to exceed $1.5 million outstanding at any time (the Castle Creek Revolver). In connection with the Castle Creek Revolver, the Company executed a revolving loan note in favor of Castle Creek. The principal amount of the Castle Creek Revolver outstanding from time to time will accrue interest at 8% per annum, payable quarterly in arrears. All amounts borrowed under the Castle Creek Revolver will be due and payable by the Company on January 7, 2017, unless payable sooner pursuant to the provisions of the related loan agreement. To the extent that the Castle Creek Revolver is not fully drawn, an unused revolver fee will be calculated and paid quarterly at an annual rate of 2% on the revolving loan commitment less the daily average principal amount outstanding. There was $250,000 outstanding under the Castle Creek Revolver as of September 30, 2015.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2015
DERIVATIVE FINANCIAL INSTRUMENTS [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	NOTE 6 – DERIVATIVE FINANCIAL INSTRUMENTS On July 7, 2009, the Company entered into an interest rate swap transaction with SunTrust Bank to mitigate interest rate risk exposure. Under the terms of the agreement, which relates to the subordinated debt issued to Jacksonville Bancorp, Inc. Statutory Trust III in the amount of $7.6 million, the Company agreed to pay a fixed rate of 7.53% for a period of ten years in exchange for the original floating-rate contract (90-day LIBOR plus 375 basis points). The fair value of this derivative instrument was $754,000 and $725,000 as of September 30, 2015 and December 31, 2014, respectively The hedge was designated as a cash flow hedge and was determined to be fully effective during all periods presented. As such, no amount of ineffectiveness has been included in net income and the aggregate fair value of the swap was recorded in Accrued expenses and other liabilities Credit risk may result from the inability of the counterparties to meet the terms of their contracts. The Company’s exposure is limited to the replacement value of the contracts rather than the notional amount.

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 30, 2015
FAIR VALUE [Abstract]
FAIR VALUE	NOTE 7 – FAIR VALUE Accounting Standards Codification (ASC) 820, Fair Value Measurements and Disclosures Level I, II and III Valuation Techniques Level I: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity can access at the measurement date. Level II: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level III: Unobservable inputs for the asset or liability. The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 by level within the hierarchy: (dollars in thousands) September 30, 2015 Total Level I Level II Level III Assets: Securities available-for-sale: U.S. government-sponsored entities and agencies $ 7,014 $ - $ 7,014 $ - State and political subdivisions 5,608 - 5,608 - Mortgage-backed securities - residential 27,037 - 27,037 - Collateralized mortgage obligations 25,148 - 25,148 - Corporate bonds 2,568 - 2,568 - Liabilities: Derivative liability 754 - 754 - December 31, 2014 Total Level I Level II Level III Assets: Securities available-for-sale: U.S. government-sponsored entities and agencies $ 7,157 $ - $ 7,157 $ - State and political subdivisions 7,060 - 7,060 - Mortgage-backed securities - residential 31,360 - 31,360 - Collateralized mortgage obligations 28,962 - 28,962 - Corporate bonds 3,094 - 3,094 - Liabilities: Derivative liability 725 - 725 - There were no transfers between Level 1 and Level 2 during the three and nine months ended September 30, 2015 and the year ended December 31, 2014. The Company used the following methods and significant assumptions to estimate the fair value of each type of recurring financial instrument: Securities Available-for-Sale The fair value of securities available-for-sale is determined by obtaining quoted prices on nationally-recognized securities exchanges (Level I inputs) or matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted securities (Level II inputs). Derivatives The fair value of derivatives is based on valuation models using observable market data as of the measurement date resulting in a Level II classification. The following table presents information about our assets measured at fair value on a non-recurring basis as of September 30, 2015 and December 31, 2014, by level within the fair value hierarchy. The amounts in the tables represent only assets for which the carrying amount has been adjusted for impairment during the period; therefore, these amounts will differ from the total amounts outstanding. (dollars in thousands) September 30, 2015 Total Level I Level II Level III Impaired Loans (Collateral Dependent): Real estate mortgage loans: Residential $ 1,037 $ - $ 1,037 $ - Commercial 1,293 - 1,018 275 Construction and land 109 - 109 - Other real estate owned: Real estate mortgage loans: Construction and land 3,768 - 3,768 - Assets held for sale - - - - December 31, 2014 Total Level I Level II Level III Impaired Loans (Collateral Dependent): Real estate mortgage loans: Residential $ 495 $ - $ - $ 495 Commercial 275 - - 275 Construction and land 252 - - 252 Other real estate owned: Real estate mortgage loans: Construction and land 3,773 - - 3,773 Assets held for sale 786 - 786 - The Company used the following methods and significant assumptions to estimate the fair value of each type of non-recurring financial instrument: Impaired Loans (Collateral Dependent) Management determined fair value measurements on impaired loans primarily through evaluations of appraisals performed. The Company considered the appraisal as the starting point for determining fair value and then considered other factors and events in the environment that affected the fair value. Appraisals for impaired loans are obtained by the Chief Credit Officer and performed by certified general appraisers whose qualifications and licenses have been reviewed and verified by the Company. Once reviewed, a third-party specialist reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison to independent data sources such as recent market data or industry-wide statistics. On at least an annual basis, the Company compares the actual selling price of collateral that has been sold to the most recent appraised value to determine what additional adjustments, if any, should be made to the appraised value of existing collateral to arrive at fair value. Adjustments may be made to reflect the age of the appraisal and the type of underlying property. Appraised values may be discounted to estimated fair value based on current market data such as recent sales of similar properties, discussions with potential buyers and negotiations with existing customers. Other Real Estate Owned (OREO) Assets acquired as a result of, or in lieu of, loan foreclosure are initially recorded at fair value (based on the lower of the current appraised value or listing price) at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of the carrying amount or fair value less cost to sell. Management has determined fair value measurements on OREO primarily through evaluations of appraisals performed and current and past offers for the OREO under evaluation. Appraisals of OREO are obtained subsequent to acquisition as deemed necessary by the Chief Credit Officer. Appraisals are reviewed for accuracy and consistency by a third-party specialist. Third-party specialists are selected from the approved appraisers list, which is maintained by management, and supervised by the Chief Credit Officer. Appraised values may be discounted to estimated fair value based on factors such as sales prices for comparable properties in similar geographic areas and/or assessment through observation of such properties. Assets Held-for-Sale The Company reclassifies long-lived assets to assets held-for-sale when all criteria for such reclassification are met. The assets held-for-sale are recorded at the lower of carrying value or fair value less costs to sell. Management determined the fair value of the assets held-for-sale using an offer made to the Company for the property. Transfers of assets and liabilities between levels within the fair value hierarchy are recognized when an event or change in circumstances occurs. During the three and nine months ended September 30, 2015, there were transfers from Level III to Level II in impaired loans and OREO, as the current fair value was based on current appraised values that do not include significant unobservable inputs and that were not further discounted, or contracted offers to purchase certain properties. There were no transfers between fair value levels during the three months and nine months ended September 30, 2014. Quantitative Information about Level III Fair Value Measurements The following table presents quantitative information about unobservable inputs for assets measured on a non-recurring basis using Level III measurements as of September 30, 2015 and December 31, 2014. This quantitative information is the same for each class of loans. (dollars in thousands) September 30, 2015 Fair Value Valuation Technique Unobservable Inputs Range of Inputs Weighted Average Impaired loans (collateral dependent) $ 275 Market comparable properties Marketability discount 10 % 10 % December 31, 2014 Fair Value Valuation Technique Unobservable Inputs Range of Inputs Weighted Average Impaired loans (collateral dependent) $ 1,022 Market comparable properties Marketability discount 0% – 20.0 % 6.2 % Other real estate owned 3,773 Market comparable properties Comparability adjustments 0% – 8.1 % 2.8 % The table below summarizes the outstanding balance, valuation allowance and net carrying amount and period expense related to Level III non-recurring instruments for the nine months ended September 30, 2015 and 2014: (dollars in thousands) September 30, 2015 Outstanding Balance Valuation Allowance Net Carrying Amount Period Expense Impaired loans (collateral dependent) $ 471 $ 196 $ 275 $ (18 ) September 30, 2014 Outstanding Balance Valuation Allowance Net Carrying Amount Period Expense Impaired loans (collateral dependent) $ 6,094 $ 2,220 $ 3,874 $ 434 Other real estate owned 3,880 1,006 2,874 48 Assets held for sale 940 - 925 15 Fair Value of Financial Instruments The carrying amount and estimated fair values of financial instruments as of September 30, 2015 and December 31, 2014 were as follows: September 30, 2015 December 31, 2014 (dollars in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Financial assets: Cash and cash equivalents $ 26,410 $ 26,410 $ 24,372 $ 24,372 Securities available-for-sale 67,375 67,375 77,633 77,633 Loans, net 386,941 392,896 360,279 366,686 Federal Home Loan Bank stock 928 N/A 1,243 N/A Accrued interest receivable 1,366 1,366 1,464 1,464 Financial liabilities: Deposits $ 433,032 $ 433,555 $ 415,756 $ 416,432 Federal Home Loan Bank advances and other borrowings 11,860 11,721 17,629 17,743 Subordinated debentures 16,266 8,951 16,218 8,552 Accrued interest payable 116 116 130 130 Interest rate swap 754 754 725 725 The methods and assumptions not previously presented, used to estimate fair value are described as follows: Cash and cash equivalents The carrying amounts of cash and cash equivalents approximate the fair value and are classified as either Level I or Level II in the fair value hierarchy, with Level II comprised solely of national certificates of deposit held by the Bank. As of September 30, 2015 and December 31, 2014, respectively, the breakdown of cash and cash equivalents between Level I and Level II were as follows: September 30, 2015 December 31, 2014 (dollars in thousands) Level I Level II Level I Level II Cash and cash equivalents $ 23,197 $ 3,213 $ 20,186 $ 4,186 Loans, net The fair value of variable-rate loans that re-price frequently and with no significant change in credit risk is based on the carrying value and results in a classification of Level III within the fair value hierarchy, excluding impaired loans as previously discussed. Fair value for other loans is estimated using a discounted cash flow analysis using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality resulting in a Level III classification in the fair value hierarchy, excluding impaired loans as previously discussed. The methods used to estimate the fair value of loans do not necessarily represent an exit price. Nonmarketable equity securities Nonmarketable equity securities include FHLB stock and other nonmarketable equity securities. It is not practicable to determine the fair value of nonmarketable equity securities due to restrictions placed on their transferability. Deposits The fair value of demand deposits ( e.g. i.e. Federal Home Loan Bank advances The fair value of FHLB advances is estimated using a discounted cash flow analysis based on the current borrowing rates for similar types of borrowings and is classified as a Level II in the fair value hierarchy. Accrued interest receivable/payable The carrying amounts of accrued interest receivable approximate fair value resulting in a Level II or III classification. The carrying amounts of accrued interest payable approximate fair value resulting in a Level II classification. Subordinated debt The fair value of subordinated debt, where a market quote is not available, is based on discounted cash flows, using a rate appropriate to the instrument and the term of the issue resulting in a Level II classification. Off-balance sheet instruments The fair value of off-balance sheet instruments is based on the current fees that would be charged to enter into or terminate such arrangements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. The fair value of these commitments as of September 30, 2015 was not material.

CAPITAL ADEQUACY

CAPITAL ADEQUACY	9 Months Ended
	Sep. 30, 2015
CAPITAL ADEQUACY [Abstract]
CAPITAL ADEQUACY	NOTE 8 – CAPITAL ADEQUACY Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations involve quantitative measures of assets, liabilities and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. Effective July 2, 2013, the Federal Reserve approved final rules known as the “Basel III Capital Rules” substantially revising the risk-based capital and leverage capital requirements applicable to bank holding companies and depository institutions, including the Company and the Bank. The Basel III Capital Rules address the components of capital and other issues affecting the numerator in banking institutions’ regulatory capital ratios. Basel III Capital Rules also implement the requirements of Section 939A of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to remove references to credit ratings from the federal banking agencies’ rules. Certain of the Basel III Capital Rules came into effect for the Company and the Bank on January 1, 2015; these rules are subject to a phase-in period which began on January 1, 2015. The Basel III Capital Rules introduced a new capital measure “Common Equity Tier 1” (CET1). The rules specify that Tier 1 capital consists of CET1 and “Additional Tier 1 capital” instruments meeting specified requirements. CET1 capital consists of common stock instruments that meet the eligibility criteria in the final rules, retained earnings, accumulated other comprehensive income and common equity Tier 1 minority interest. The rules also define CET1 narrowly by requiring that most adjustments to regulatory capital measures be made to CET1, and not to the other components of capital. They also expand the scope of the adjustments as compared to existing regulations. When fully phased-in on January 1, 2019, the Basel III Capital Rules will require banking organizations to maintain: • a minimum ratio of CET1 to risk-weighted assets of at least 4.5%, plus a 2.5% “capital conservation buffer” (which is added to the 4.5% CET1 ratio as that buffer is phased-in, effectively resulting in a minimum ratio of CET1 to risk-weighted assets of at least 7.0% upon full implementation); • a minimum ratio of Tier 1 capital to risk-weighted assets of at least 6.0%, plus the 2.5% capital conservation buffer (which is added to the 6.0% Tier 1 capital ratio as that buffer is phased-in, effectively resulting in a minimum Tier 1 capital ratio of 8.5% upon full implementation); • a minimum ratio of total capital (that is, Tier 1 plus Tier 2 capital) to risk-weighted assets of at least 8.0%, plus the 2.5% capital conservation buffer (which is added to the 8.0% total capital ratio as that buffer is phased-in, effectively resulting in a minimum total capital ratio of 10.5% upon full implementation); and • a minimum leverage ratio of 4.0%, calculated as the ratio of Tier 1 capital to adjusted average consolidated assets. The aforementioned capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a ratio of CET1 to risk-weighted assets above the minimum but below the conservation buffer will face limitations on the payment of dividends, common stock repurchases and discretionary cash payments to executive officers based on the amount of the shortfall. Bank The Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA), among other things, requires the federal banking agencies to take “prompt corrective action” regarding depository institutions that do not meet minimum capital requirements. FDICIA establishes five capital tiers: “well capitalized,” “adequately capitalized,” “undercapitalized,” “significantly undercapitalized” and “critically undercapitalized.” A depository institution’s capital tier will depend upon how its capital levels compare to various relevant capital measures and certain other factors, as established by regulation. Under Basel I, the “prompt corrective action” rules provide that a bank will be: (i) “well capitalized” if it has a total risk-based capital ratio of 10% or greater, a Tier 1 risk-based capital ratio of 6% or greater, a leverage capital ratio of 5% or greater and is not subject to certain written agreements, orders, capital directives or prompt corrective action directives by a federal bank regulatory agency to maintain a specific capital level for any capital measure; (ii) “adequately capitalized” if it has a total risk-based capital ratio of 8% or greater, a Tier 1 risk-based capital ratio of 4% or greater, and generally has a leverage capital ratio of 4% or greater; (iii) “undercapitalized” if it has a total risk-based capital ratio of less than 8%, a Tier 1 risk-based capital ratio of less than 4% or generally has a leverage capital ratio of less than 4%; (iv) “significantly undercapitalized” if it has a total risk-based capital ratio of less than 6%, a Tier 1 risk-based capital ratio of less than 3% or a leverage capital ratio of less than 3%; or (v) “critically undercapitalized” if its ratio of tangible equity to total assets is equal to or less than 2%. The federal bank regulatory agencies have authority to require additional capital. The Basel III Capital Rules revised the “prompt corrective action” regulations pursuant to Section 38 of the FDICIA, by: • introducing a CET1 ratio requirement at each level (other than critically undercapitalized), with the required CET1 ratio being 6.5% for well-capitalized status; • increasing the minimum Tier 1 capital ratio requirement for each category, with the minimum Tier 1 risk-based capital ratio for well-capitalized status being 8.0% (as compared to the current 6.0%); and • eliminating the current provision that provides that a bank with a composite supervisory rating of 1 may have a 3.0% leverage ratio and still be well-capitalized. Under the applicable rules, the Bank was well capitalized as of September 30, 2015 and December 31, 2014. Depository institutions that are no longer “well capitalized” for bank regulatory purposes must receive a waiver from the Federal Deposit Insurance Corporation (FDIC) prior to accepting or renewing brokered deposits. FDICIA generally prohibits a depository institution from making any capital distribution (including paying dividends) or paying any management fee to its holding company, if the depository institution would thereafter be undercapitalized. The Bank had a Memorandum of Understanding (MoU) with the FDIC and the Florida Office of Financial Regulation (OFR) that was entered into in 2008 (the 2008 MoU), which required the Bank to have a total risk-based capital ratio of at least 10% and a Tier 1 leverage capital ratio of at least 8%. On July 13, 2012, the 2008 MoU was replaced by a new MoU (the 2012 MoU), which, among other things, required the Bank to have a total risk-based capital ratio of at least 12% and a Tier 1 leverage capital ratio of at least 8%. The Bank received notification from the FDIC and the OFR on June 11, 2015 and June 15, 2015, respectively, stating that the Bank is now considered to be in substantial compliance with the 2012 MoU and that the FDIC and the OFR terminated their interests in the 2012 MoU as of the dates mentioned above. Bancorp The Federal Reserve requires bank holding companies, including Bancorp, to act as a source of financial strength for their depository institution subsidiaries. The Federal Reserve has a minimum guideline for bank holding companies of Tier 1 capital to adjusted average quarterly assets (“leverage ratio”) equal to at least 4.00%, and total capital to risk-weighted assets of at least 8.00%, at least half of which must be Tier 1 capital. As of September 30, 2015 and December 31, 2014, the Company met these requirements. The following table presents the capital ratios and related information for the Company and the Bank in accordance with Basel III as of September 30, 2015 and Basel I as of December 31, 2014: (dollars in thousands) Actual For Capital Adequacy Purposes Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions September 30, 2015 Amount Ratio Amount Ratio Amount Ratio Total capital to risk-weighted assets: Consolidated $ 64,009 15.67 % $ 32,686 8.00 % N/A N/A Bank 63,370 15.52 32,670 8.00 $ 40,838 10.00 % Tier 1 (Core) capital to risk-weighted assets: Consolidated 56,442 13.81 24,515 6.00 N/A N/A Bank 58,173 14.24 24,503 6.00 32,670 8.00 Common equity Tier I capital (CET1): Consolidated 56,442 13.81 18,386 4.50 N/A N/A Bank 58,173 14.24 18,377 4.50 26,545 6.50 Tier I (Core) capital to average assets: Consolidated 56,442 11.35 19,896 4.00 N/A N/A Bank 58,173 11.71 19,871 4.00 24,839 5.00 Actual For Capital Adequacy Purposes Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions December 31, 2014 Amount Ratio Amount Ratio Amount Ratio Total capital to risk-weighted assets: Consolidated $ 57,949 15.13 % $ 30,643 8.00 % N/A N/ A Bank 56,400 14.74 30,619 8.00 $ 38,274 10.00 % Tier 1 (Core) capital to risk-weighted assets: Consolidated 49,290 12.87 15,322 4.00 N/A N/ A Bank 51,497 13.45 15,310 4.00 22,964 6.00 Tier 1 (Core) capital to average assets: Consolidated 49,290 9.85 20,014 4.00 N/A N/ A Bank 51,497 10.31 19,980 4.00 24,975 5.00 Dividends and Distributions Prior to October 2009, dividends received from the Bank were Bancorp’s principal source of funds to pay its expenses and interest on and principal of Bancorp’s debt. Banking regulations require the maintenance of certain capital levels and restrict the payment of dividends by the Bank to Bancorp or by Bancorp to its shareholders. Commercial banks generally may only pay dividends without prior regulatory approval out of the total of current net profits plus retained net profits of the preceding two years, and banks and bank holding companies are generally expected to pay dividends from current earnings. Banks may not pay a dividend if the dividend would result in the bank being “undercapitalized” for prompt corrective action purposes, or would violate any minimum capital requirement specified by law or the banks’ regulators. The Bank has not paid dividends since October 2009 and cannot currently pay dividends. Bancorp cannot currently pay dividends on its capital stock under applicable Federal Reserve policies. Bancorp has relied upon revolving loan agreements to pay its expenses during such time. As of September 30, 2015 and December 31, 2014, remaining funds available under the revolving loan agreements were $1.3 million and $2.2 million, respectively.

LEGAL

LEGAL	9 Months Ended
	Sep. 30, 2015
LEGAL [Abstract]
LEGAL	NOTE 9- LEGAL Since the announcement of the proposed merger with Ameris on October 1, 2015, two putative shareholder class action lawsuits have been filed against Bancorp, the directors of Bancorp, and Ameris, in the Circuit Court of Duval County, Florida: (i) Paul Parshall v. Jacksonville Bancorp, Inc. et al. Patrick Donovan v. Kendall Spencer et al. The outcome of the Florida Actions cannot be predicted with certainty. A preliminary injunction could delay or jeopardize the completion of the merger transaction, and an adverse judgment granting permanent injunctive relief could indefinitely enjoin completion of the merger. Additional lawsuits arising out of or relating to the Merger Agreement or the merger transaction may be filed in the future. The Company and its directors intend to vigorously defend against these lawsuits.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2015
BASIS OF PRESENTATION [Abstract]
Principles of Consolidation	Principles of Consolidation The accounting and reporting policies of the Company reflect banking industry practice and conform to accounting principles generally accepted in the United States of America (U.S. GAAP). The consolidated financial statements include the accounts of Jacksonville Bancorp, Inc. (Bancorp), its wholly owned, operating subsidiary The Jacksonville Bank, and The Jacksonville Bank’s wholly owned subsidiary, Fountain Financial, Inc. The consolidated entity is referred to as (the “Company”) and The Jacksonville Bank and Fountain Financial, Inc. are collectively referred to as (the “Bank”). The Company’s financial condition and operating results principally reflect those of the Bank. All significant intercompany transactions and balances have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and with Regulation S-X. Accordingly, they do not include all of the information and disclosures required by U.S. GAAP for complete financial statements. In management’s opinion, all adjustments, consisting primarily of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods have been made. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ significantly from those estimates and assumptions. Certain reclassifications have been made to prior period amounts to conform to the current period presentation. These financial statements should be read in conjunction with the Company's Consolidated Financial Statements and notes thereto included in the Annual Report on Form 10-K for the year ended December 31, 2014. There have been no significant changes to the Company’s accounting policies as disclosed in the 2014 Annual Report on Form 10-K.
Nature of Operations	Nature of Operations Bancorp is a financial holding company headquartered in Jacksonville, Florida. The Bank currently provides financial services through eight full-service branches in Jacksonville and Jacksonville Beach, Duval County, Florida, as well as its virtual branch. The Company’s primary business segment is community banking and consists of attracting deposits from the general public and using such deposits and other sources of funds to originate commercial business loans, commercial real estate loans, residential mortgage loans and a variety of consumer loans. Substantially all loans are secured by specific items of collateral, including business assets, consumer assets, and commercial and residential real estate. Commercial loans are expected to be repaid from cash flow from operations of businesses. There are no significant concentrations of loans to any one industry or customer. However, the customers’ ability to repay their loans is dependent on the local real estate market and general economic conditions in the area. For further information, please refer to the Consolidated Financial Statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the SEC on March 16, 2015.
Recently Issued Accounting and Reporting Standards	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606) Revenue Recognition In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In April 2015, the FASB issued ASU No. 2015-05, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement This standard is effective for public business entities for fiscal years, and for interim fiscal periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. This standard is effective for public business entities for fiscal years, and for interim fiscal periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. Other accounting standards that have been issued by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2015
INVESTMENT SECURITIES [Abstract]
Available-For-Sale Securities	The following table summarizes the amortized cost and fair value of the available-for-sale investment securities portfolio as of September 30, 2015 and December 31, 2014 and the corresponding amounts of unrealized gains and losses recognized in accumulated other comprehensive income (loss): (dollars in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value September 30, 2015 Available-for-sale: U.S. government-sponsored entities and agencies $ 6,878 $ 146 $ (10 ) $ 7,014 State and political subdivisions 5,267 341 - 5,608 Mortgage-backed securities - residential 26,197 874 (34 ) 27,037 Collateralized mortgage obligations 25,233 115 (200 ) 25,148 Corporate bonds 2,516 52 - 2,568 Total $ 66,091 $ 1,528 $ (244 ) $ 67,375 Amortized Cost Unrealized Gains Unrealized Losses Fair Value December 31, 2014 Available-for-sale: U.S. government-sponsored entities and agencies $ 7,019 $ 161 $ (23 ) $ 7,157 State and political subdivisions 6,535 525 - 7,060 Mortgage-backed securities - residential 30,454 928 (22 ) 31,360 Collateralized mortgage obligations 29,306 94 (438 ) 28,962 Corporate bonds 3,025 69 - 3,094 Total $ 76,339 $ 1,777 $ (483 ) $ 77,633
Schedule of Amortized Cost and Fair Value of Investment Securities by Contractual Maturity	The amortized cost and fair value of the investment securities portfolio are presented below in order of contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date, primarily mortgage-backed securities – residential and collateralized mortgage obligations, are shown separately. (dollars in thousands) September 30, 2015 Amortized Cost Fair Value Available-for-sale: Within one year $ 503 $ 509 One to five years 1,988 2,027 Five to ten years 4,253 4,330 Beyond ten years 7,917 8,324 Mortgage-backed securities – residential 26,197 27,037 Collateralized mortgage obligations 25,233 25,148 Total $ 66,091 $ 67,375
Summary of Investment Securities with Unrealized Losses	The following table summarizes the investment securities with unrealized losses as of September 30, 2015 and December 31, 2014 listed by aggregated major security type and length of time in a continuous unrealized loss position: Less Than 12 Months 12 Months or Longer Total (dollars in thousands) September 30, 2015 Fair Value Unrealized losses Fair Value Unrealized losses Fair Value Unrealized losses Available-for-sale: U.S. government-sponsored entities and agencies $ 595 $ (5 ) $ 996 $ (5 ) $ 1,591 $ (10 ) State and political subdivisions - - - - - - Mortgage backed securities – residential 1,424 (22 ) 1,172 (12 ) 2,596 (34 ) Collateralized mortgage obligations 4,140 (17 ) 6,802 (184 ) 10,942 (201 ) Corporate bonds - - - - - - Total available-for-sale securities $ 6,159 $ (44 ) $ 8,970 $ (201 ) $ 15,129 $ (245 ) Less Than 12 Months 12 Months or Longer Total December 31, 2014 Fair Value Unrealized losses Fair Value Unrealized losses Fair Value Unrealized losses Available-for-sale: U.S. government-sponsored entities and agencies $ - $ - $ 977 $ (23 ) $ 977 $ (23 ) State and political subdivisions - - - - - - Mortgage backed securities – residential 1,849 (1 ) 1,192 (21 ) 3,041 (22 ) Collateralized mortgage obligations 6,599 (40 ) 11,258 (398 ) 17,857 (438 ) Corporate bonds - - - - - - Total available-for-sale securities $ 8,448 $ (41 ) $ 13,427 $ (442 ) $ 21,875 $ (483 )

LOANS AND ALLOWANCE FOR LOAN 19

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Sep. 30, 2015
LOANS AND ALLOWANCE FOR LOAN LOSSES [Abstract]
Loans	Loans as of September 30, 2015 and December 31, 2014 were as follows: (dollars in thousands) September 30, 2015 December 31, 2014 Commercial loans $ 64,658 $ 57,876 Real estate mortgage loans: Residential 74,979 71,002 Commercial 229,165 222,468 Construction and land 29,799 22,319 Consumer and other loans 1,513 1,489 Loans, gross 400,114 375,154 Less: Net deferred loan fees (603 ) (498 ) Allowance for loan losses (12,570 ) (14,377 ) Loans, net $ 386,941 $ 360,279
Summary of Loans Acquired, Contractual Amount Less Discount to Principal Balances	Loans acquired as a result of the merger with Atlantic BancGroup, Inc. (ABI) were recorded at fair value on the date of acquisition. The amounts reported in the table above are net of the fair value adjustments. The table below reflects the contractual amount of purchased loans less the discount to principal balances remaining from these fair value adjustments by class of loan as of September 30, 2015 and December 31, 2014. This discount will be accreted into interest income as deemed appropriate over the remaining term of the related loans or to support unidentified losses. (dollars in thousands) September 30, 2015 Gross Contractual Amount Receivable Discount Carrying Amount Commercial loans $ 1,557 $ 115 $ 1,442 Real estate mortgage loans: Residential 12,847 616 12,231 Commercial 32,683 1,834 30,849 Construction and land 2,907 235 2,672 Consumer and other loans 366 3 363 Total $ 50,360 $ 2,803 $ 47,557 December 31, 2014 Gross Contractual Amount Receivable Discount Carrying Amount Commercial loans $ 1,758 $ 144 $ 1,614 Real estate mortgage loans: Residential 15,748 761 14,987 Commercial 37,481 2,167 35,314 Construction and land 3,452 334 3,118 Consumer and other loans 400 3 397 Total $ 58,839 $ 3,409 $ 55,430
Activity in Allowance for Loan Losses by Portfolio Segment	Activity in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2015 and 2014 was as follows: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2015 2014 2015 2014 Allowance at beginning of period $ 12,861 $ 14,616 $ 14,377 $ 15,760 Charge-offs: Commercial loans (4 ) (70 ) (170 ) (272 ) Real estate mortgage loans (874 ) (545 ) (1,264 ) (2,034 ) Consumer and other loans - (154 ) (4 ) (170 ) Total charge-offs (878 ) (769 ) (1,438 ) (2,476 ) Recoveries: Commercial loans 14 10 53 37 Real estate mortgage loans 457 1,306 1,436 1,545 Consumer and other loans 116 7 153 17 Total recoveries 587 1,323 1,642 1,599 Net (charge-offs) recoveries (291 ) 554 204 (877 ) Provision for loan losses charged to operating expenses: Commercial loans (1 ) (26 ) (43 ) 102 Real estate mortgage loans (15 ) (312 ) (1,271 ) (73 ) Consumer and other loans 16 338 (697 ) 258 Total provision - - (2,011 ) 287 Allowance at end of period $ 12,570 $ 15,170 $ 12,570 $ 15,170
Schedule of Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method	The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method as of September 30, 2015 and December 31, 2014: (dollars in thousands) September 30, 2015 Commercial Loans Real Estate Mortgage Loans Consumer and Other Loans Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 59 $ 1,526 $ - $ 1,585 Collectively evaluated for impairment 1,072 9,536 377 10,985 Loans acquired with deteriorated credit quality - - - - Total ending allowance balance $ 1,131 $ 11,062 $ 377 $ 12,570 Loans: Loans individually evaluated for impairment $ 59 $ 14,454 $ 23 $ 14,536 Loans collectively evaluated for impairment 64,517 308,102 1,490 374,109 Loans acquired with deteriorated credit quality 82 11,387 - 11,469 Total ending loans balance $ 64,658 $ 333,943 $ 1,513 $ 400,114 December 31, 2014 Commercial Loans Real Estate Mortgage Loans Consumer and Other Loans Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 21 $ 539 $ - $ 560 Collectively evaluated for impairment 1,270 11,622 925 13,817 Loans acquired with deteriorated credit quality - - - - Total ending allowance balance $ 1,291 $ 12,161 $ 925 $ 14,377 Loans: Loans individually evaluated for impairment $ 21 $ 16,033 $ 28 $ 16,082 Loans collectively evaluated for impairment 57,749 285,371 1,461 344,581 Loans acquired with deteriorated credit quality 106 14,385 - 14,491 Total ending loans balance $ 57,876 $ 315,789 $ 1,489 $ 375,154
Summary 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 September 30, 2015 and December 31, 2014: September 30, 2015 December 31, 2014 (dollars in thousands) Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With no related allowance recorded: Commercial loans $ - $ - $ - $ - $ - $ - Real estate mortgage loans: Residential 790 734 - 2,288 2,211 - Commercial 9,173 8,675 - 14,012 11,104 - Construction and land 1,100 1,071 - 1,174 1,126 - Consumer and other loans 26 23 - 31 28 - Subtotal 11,089 10,503 - 17,505 14,469 - With an allowance recorded: Commercial loans 60 59 59 21 21 21 Real estate mortgage loans: Residential 1,797 1,740 693 692 629 103 Commercial 1,957 1,948 655 489 489 214 Construction and land 332 286 178 493 474 222 Consumer and other loans - - - - - - Subtotal 4,146 4,033 1,585 1,695 1,613 560 Total $ 15,235 $ 14,536 $ 1,585 $ 19,200 $ 16,082 $ 560
Average of Impaired Loans and Related Interest Income and Cash-Basis Interest Income Recognized During Impairment	The following table presents the average recorded investment in impaired loans and the related interest income recognized during impairment for the three and nine months ended September 30, 2015 and 2014. Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 (dollars in thousands) Average Impaired Loans Interest Income Cash Basis Average Impaired Loans Interest Income Cash Basis With no related allowance recorded: Commercial loans $ - $ - $ - $ 56 $ - $ - Real estate mortgage loans: Residential 806 5 5 884 16 16 Commercial 7,530 72 72 9,015 349 349 Construction and land 1,078 9 9 1,191 28 28 Consumer and other loans 23 - - 25 - - Subtotal 9,437 86 86 11,171 393 393 With an allowance recorded: Commercial loans 61 - - 62 - - Real estate mortgage loans: Residential 1,742 5 5 939 15 16 Commercial 474 6 6 480 17 17 Construction and land 288 - - 294 - - Consumer and other loans - - - - - - Subtotal 2,565 11 11 1,775 32 33 Total $ 12,002 $ 97 $ 97 $ 12,946 $ 425 $ 426 Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 (dollars in thousands) Average Impaired Loans Interest Income Cash Basis Average Impaired Loans Interest Income Cash Basis With no related allowance recorded: Commercial loans $ 68 $ - $ - $ 192 $ - $ - Real estate mortgage loans: Residential 2,063 18 18 2,407 63 63 Commercial 10,556 42 42 10,651 126 126 Construction and land 2,503 7 7 4,119 21 21 Consumer and other loans 32 - - 35 - - Subtotal 15,222 67 67 17,404 210 210 With an allowance recorded: Commercial loans 16 - - 17 - - Real estate mortgage loans: Residential 830 7 7 830 21 21 Commercial 5,496 13 13 4,291 38 38 Construction and land 591 3 3 545 10 10 Consumer and other loans 308 - - 314 - - Subtotal 7,241 23 23 5,997 69 69 Total $ 22,463 $ 90 $ 90 $ 23,401 $ 279 $ 279
Summary of Recorded Investment in Nonaccrual Loans by Class of Loans	The following table presents the recorded investment in nonaccrual loans by class of loans as of September 30, 2015 and December 31, 2014: (dollars in thousands) September 30, 2015 December 31, 2014 Commercial loans $ 59 $ 21 Real estate mortgage loans: Residential 2,092 1,151 Commercial 4,485 7,408 Construction and land 386 574 Consumer and other loans 23 28 Total $ 7,045 $ 9,182
Summary of Aging of Recorded Investment in Past Due Loans by Class of Loans	The following table presents the aging of the recorded investment in past due loans by class of loans as of September 30, 2015 and December 31, 2014: Past Due Loans (dollars in thousands) September 30, 2015 30-59 Days 60-89 Days 90 Days and Greater Total Loans Not Past Due Total Commercial loans $ 199 $ - $ 21 $ 220 $ 64,438 $ 64,658 Real estate mortgage loans: Residential 589 163 235 987 73,992 74,979 Commercial - 1,477 2,699 4,176 224,989 229,165 Construction and land - - 122 122 29,677 29,799 Consumer and other loans 258 - - 258 1,255 1,513 Total $ 1,046 $ 1,640 $ 3,077 $ 5,763 $ 394,351 $ 400,114 Past Due Loans December 31, 2014 30-59 Days 60-89 Days 90 Days and Greater Total Loans Not Past Due Total Commercial loans $ 218 $ - $ - $ 218 $ 57,658 $ 57,876 Real estate mortgage loans: Residential 874 579 681 2,134 68,868 71,002 Commercial 5,032 1,701 4,784 11,517 210,951 222,468 Construction and land - - 350 350 21,969 22,319 Consumer and other loans 269 - - 269 1,220 1,489 Total $ 6,393 $ 2,280 $ 5,815 $ 14,488 $ 360,666 $ 375,154
Summary of Recorded Investment and Specific Reserves Allocated to Loans Modified as Troubled Debt Restructurings	The following table presents the recorded investment and specific reserves allocated to loans modified as TDRs as of September 30, 2015 and December 31, 2014. (dollars in thousands) September 30, 2015 December 31, 2014 Recorded investment (1) $ 10,671 $ 10,794 Specific reserves allocated (2) 342 372 (1) Of the total recorded investment in loans modified as TDRs, $1,101 and $1,285, respectively, were for customers whose loans were collateral dependent with collateral shortfalls. (2) Of the specific reserves allocated to customers whose loan terms were modified as TDRs, $342 and $372, respectively, were allocated to customers whose loans were collateral dependent with collateral shortfalls.
Summary of Loans by Class Modified as Troubled Debt Restructuring	The following table represents loans by class modified as TDRs that occurred during the three and nine months ended September 30, 2015 and 2014: Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 (dollars in thousands) Number of loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial loans - $ - $ - - $ - $ - Real estate mortgage loans: Residential 1 214 208 1 214 208 Commercial - - - 1 1,496 1,689 Construction and land - - - - - - Consumer and other loans - - - - - - Total 1 $ 214 $ 208 2 $ 1,710 $ 1,897 Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 (dollars in thousands) Number of loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial loans - $ - $ - 1 $ 62 $ 62 Real estate mortgage loans: Residential - - - 2 171 151 Commercial - - - 6 3,579 3,629 Construction and land - - - 2 281 219 Consumer and other loans 1 208 208 2 447 447 Total 1 $ 208 $ 208 13 $ 4,540 $ 4,508
Summary of Risk Category of Loans by Class of Loans	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 September 30, 2015 , and based on the most recent analysis performed, the risk category of loans by class of loans was as follows: (dollars in thousands) September 30, 2015 Pass Special Mention Substandard Doubtful Total Commercial loans $ 64,480 $ 76 $ 102 $ - $ 64,658 Real estate mortgage loans: Residential 66,702 4,628 3,649 - 74,979 Commercial 218,529 2,552 8,084 - 229,165 Construction and land 27,013 1,688 1,098 - 29,799 Consumer and other loans 1,477 13 23 - 1,513 Total $ 378,201 $ 8,957 $ 12,956 $ - $ 400,114 December 31, 2014 Pass Special Mention Substandard Doubtful Total Commercial loans $ 56,704 $ 1,103 $ 69 $ - $ 57,876 Real estate mortgage loans: Residential 61,666 4,717 4,619 - 71,002 Commercial 202,225 5,278 14,965 - 222,468 Construction and land 20,799 62 1,458 - 22,319 Consumer and other loans 1,437 24 28 - 1,489 Total $ 342,831 $ 11,184 $ 21,139 $ - $ 375,154
Summary of Loans Acquired with Evidence of Deterioration of Credit Quality since Origination	The Company has purchased loans for which there was, at acquisition, evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. The unpaid principal balance and carrying amounts of these loans were as follows as of September 30, 2015 and December 31, 2014: (dollars in thousands) September 30, 2015 December 31, 2014 Commercial loans $ 112 $ 150 Real estate mortgage loans: Residential 2,111 3,625 Commercial 10,320 11,937 Construction and land 233 240 Consumer and other loans - - Unpaid principal balance $ 12,776 $ 15,952 Carrying amount $ 11,469 $ 14,491
Summary of Accretable Yield, or Income Expected to be Collected, on Loans Acquired	Accretable yield, or income collected, from these loans was as follows: (dollars in thousands) Balance as of December 31, 2013 $ 8,993 New loans purchased, including loans classified as held-for-sale - Accretion of income (766 ) Reduction for loans sold, paid off and other (1,837 ) Loans charged off (28 ) Reclassifications from nonaccretable difference - Disposals - Balance as of September 30, 2014 $ 6,362 Balance as of December 31, 2014 $ 6,329 New loans purchased, including loans classified as held-for-sale - Accretion of income (599 ) Reduction for loans sold, paid off and other (673 ) Loans charged off - Reclassifications from nonaccretable difference 127 Disposals - Balance as of September 30, 2015 $ 5,184

BORROWED FUNDS (Tables)

BORROWED FUNDS (Tables)	9 Months Ended
	Sep. 30, 2015
BORROWED FUNDS [Abstract]
Schedule of Short-term Debt	Short-term borrowings at September 30, 2015 and December 31, 2014 were as follows: (dollars in thousands) September 30, 2015 December 31, 2014 FHLB short-term borrowings Advance maturing January 9, 2015 at a fixed rate of 0.88% $ - $ 4,000 Advances maturing March 2, 2015 at a fixed rate of 0.76% - 2,000 Advances maturing July 15, 2016 at a fixed rate of 2.81% 2,500 2,500 Total short-term borrowing $ 2,500 $ 8,500
Schedule of Long-term Debt	Long-term debt at September 30, 2015 and December 31, 2014 was as follows: (dollars in thousands) September 30, 2015 December 31, 2014 FHLB long-term debt Advances maturing January 9, 2017 at a fixed rate of 1.40% $ 4,000 $ 4,000 Advances maturing May 30, 2017 at a fixed rate of 1.23% 5,000 5,000 Total long-term debt $ 9,000 $ 9,000

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2015
FAIR VALUE [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 by level within the hierarchy: (dollars in thousands) September 30, 2015 Total Level I Level II Level III Assets: Securities available-for-sale: U.S. government-sponsored entities and agencies $ 7,014 $ - $ 7,014 $ - State and political subdivisions 5,608 - 5,608 - Mortgage-backed securities - residential 27,037 - 27,037 - Collateralized mortgage obligations 25,148 - 25,148 - Corporate bonds 2,568 - 2,568 - Liabilities: Derivative liability 754 - 754 - December 31, 2014 Total Level I Level II Level III Assets: Securities available-for-sale: U.S. government-sponsored entities and agencies $ 7,157 $ - $ 7,157 $ - State and political subdivisions 7,060 - 7,060 - Mortgage-backed securities - residential 31,360 - 31,360 - Collateralized mortgage obligations 28,962 - 28,962 - Corporate bonds 3,094 - 3,094 - Liabilities: Derivative liability 725 - 725 -
Assets Measured at Fair Value on Non - Recurring Basis	The following table presents information about our assets measured at fair value on a non-recurring basis as of September 30, 2015 and December 31, 2014, by level within the fair value hierarchy. The amounts in the tables represent only assets for which the carrying amount has been adjusted for impairment during the period; therefore, these amounts will differ from the total amounts outstanding. (dollars in thousands) September 30, 2015 Total Level I Level II Level III Impaired Loans (Collateral Dependent): Real estate mortgage loans: Residential $ 1,037 $ - $ 1,037 $ - Commercial 1,293 - 1,018 275 Construction and land 109 - 109 - Other real estate owned: Real estate mortgage loans: Construction and land 3,768 - 3,768 - Assets held for sale - - - - December 31, 2014 Total Level I Level II Level III Impaired Loans (Collateral Dependent): Real estate mortgage loans: Residential $ 495 $ - $ - $ 495 Commercial 275 - - 275 Construction and land 252 - - 252 Other real estate owned: Real estate mortgage loans: Construction and land 3,773 - - 3,773 Assets held for sale 786 - 786 -
Quantitative Information About Unobservable Inputs for Assets Measured on Non-Recurring Basis	The following table presents quantitative information about unobservable inputs for assets measured on a non-recurring basis using Level III measurements as of September 30, 2015 and December 31, 2014. This quantitative information is the same for each class of loans. (dollars in thousands) September 30, 2015 Fair Value Valuation Technique Unobservable Inputs Range of Inputs Weighted Average Impaired loans (collateral dependent) $ 275 Market comparable properties Marketability discount 10 % 10 % December 31, 2014 Fair Value Valuation Technique Unobservable Inputs Range of Inputs Weighted Average Impaired loans (collateral dependent) $ 1,022 Market comparable properties Marketability discount 0% – 20.0 % 6.2 % Other real estate owned 3,773 Market comparable properties Comparability adjustments 0% – 8.1 % 2.8 %
Summary of Outstanding Balance, Valuation Allowance, Net Carrying Amount and Period Expense Related to Level Three Non-Recurring Instruments	The table below summarizes the outstanding balance, valuation allowance and net carrying amount and period expense related to Level III non-recurring instruments for the nine months ended September 30, 2015 and 2014: (dollars in thousands) September 30, 2015 Outstanding Balance Valuation Allowance Net Carrying Amount Period Expense Impaired loans (collateral dependent) $ 471 $ 196 $ 275 $ (18 ) September 30, 2014 Outstanding Balance Valuation Allowance Net Carrying Amount Period Expense Impaired loans (collateral dependent) $ 6,094 $ 2,220 $ 3,874 $ 434 Other real estate owned 3,880 1,006 2,874 48 Assets held for sale 940 - 925 15
Carrying Amount and Estimated Fair Values of Financial Instruments	The carrying amount and estimated fair values of financial instruments as of September 30, 2015 and December 31, 2014 were as follows: September 30, 2015 December 31, 2014 (dollars in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Financial assets: Cash and cash equivalents $ 26,410 $ 26,410 $ 24,372 $ 24,372 Securities available-for-sale 67,375 67,375 77,633 77,633 Loans, net 386,941 392,896 360,279 366,686 Federal Home Loan Bank stock 928 N/A 1,243 N/A Accrued interest receivable 1,366 1,366 1,464 1,464 Financial liabilities: Deposits $ 433,032 $ 433,555 $ 415,756 $ 416,432 Federal Home Loan Bank advances and other borrowings 11,860 11,721 17,629 17,743 Subordinated debentures 16,266 8,951 16,218 8,552 Accrued interest payable 116 116 130 130 Interest rate swap 754 754 725 725
Breakdown of Cash and Cash Equivalents Between Level I and Level II	Cash and cash equivalents The carrying amounts of cash and cash equivalents approximate the fair value and are classified as either Level I or Level II in the fair value hierarchy, with Level II comprised solely of national certificates of deposit held by the Bank. As of September 30, 2015 and December 31, 2014, respectively, the breakdown of cash and cash equivalents between Level I and Level II were as follows: September 30, 2015 December 31, 2014 (dollars in thousands) Level I Level II Level I Level II Cash and cash equivalents $ 23,197 $ 3,213 $ 20,186 $ 4,186

CAPITAL ADEQUACY (Tables)

CAPITAL ADEQUACY (Tables)	9 Months Ended
	Sep. 30, 2015
CAPITAL ADEQUACY [Abstract]
Capital Adequacy Standards Required to be Maintained by Banks and Bank Holding Companies	The following table presents the capital ratios and related information for the Company and the Bank in accordance with Basel III as of September 30, 2015 and Basel I as of December 31, 2014: (dollars in thousands) Actual For Capital Adequacy Purposes Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions September 30, 2015 Amount Ratio Amount Ratio Amount Ratio Total capital to risk-weighted assets: Consolidated $ 64,009 15.67 % $ 32,686 8.00 % N/A N/A Bank 63,370 15.52 32,670 8.00 $ 40,838 10.00 % Tier 1 (Core) capital to risk-weighted assets: Consolidated 56,442 13.81 24,515 6.00 N/A N/A Bank 58,173 14.24 24,503 6.00 32,670 8.00 Common equity Tier I capital (CET1): Consolidated 56,442 13.81 18,386 4.50 N/A N/A Bank 58,173 14.24 18,377 4.50 26,545 6.50 Tier I (Core) capital to average assets: Consolidated 56,442 11.35 19,896 4.00 N/A N/A Bank 58,173 11.71 19,871 4.00 24,839 5.00 Actual For Capital Adequacy Purposes Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions December 31, 2014 Amount Ratio Amount Ratio Amount Ratio Total capital to risk-weighted assets: Consolidated $ 57,949 15.13 % $ 30,643 8.00 % N/A N/ A Bank 56,400 14.74 30,619 8.00 $ 38,274 10.00 % Tier 1 (Core) capital to risk-weighted assets: Consolidated 49,290 12.87 15,322 4.00 N/A N/ A Bank 51,497 13.45 15,310 4.00 22,964 6.00 Tier 1 (Core) capital to average assets: Consolidated 49,290 9.85 20,014 4.00 N/A N/ A Bank 51,497 10.31 19,980 4.00 24,975 5.00

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)Branch
BASIS OF PRESENTATION [Abstract]
Number of full-service branches	8
Significant concentrations of loans | $	$ 0

RECENT DEVELOPMENTS (Details)

RECENT DEVELOPMENTS (Details)	9 Months Ended
	Sep. 30, 2015$ / sharesshares
RECENT DEVELOPMENTS [Abstract]
Shareholders right to receive shares of common stock (in shares) | shares	0.5861
Per share cash value of common stock (in dollars per share)	$ 16.50
Cash consideration percentage	25.00%
Equity Consideration Percentage	75.00%

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015USD ($)Security	Dec. 31, 2014USD ($)Security
Available for sale securities fair value to amortized cost basis [Abstract]
Amortized Cost	$ 66,091	$ 76,339
Unrealized Gains	1,528	1,777
Unrealized Losses	(244)	(483)
Fair Value	67,375	77,633
Available-for-sale securities, amortized cost, contractual maturity [Abstract]
Within one year	503
One to five years	1,988
Five to ten years	4,253
Beyond ten years	7,917
Mortgage-backed securities - residential	26,197
Collateralized mortgage obligations	25,233
Amortized Cost	66,091	76,339
Available-for-sale securities, fair value, contractual maturity [Abstract]
Within one year	509
One to five years	2,027
Five to ten years	4,330
Beyond ten years	8,324
Mortgage-backed securities - residential	27,037
Collateralized mortgage obligations	25,148
Fair Value	67,375	77,633
Available-for-sale securities, continuous unrealized loss position, fair value [Abstract]
Less than 12 months, fair value	6,159	8,448
12 months or longer, fair value	8,970	13,427
Total, fair value	15,129	21,875
Available-for-sale Securities, continuous unrealized loss position, unrealized losses [Abstract]
Less than 12 months, unrealized losses	(44)	(41)
12 months or longer, unrealized losses	(201)	(442)
Total, unrealized losses	(245)	(483)
Available-for-sale Securities, Other Disclosure Items [Abstract]
Credit losses recognized in earnings related to investment securities	0	0
U.S. government-sponsored entities and agencies [Member]
Available for sale securities fair value to amortized cost basis [Abstract]
Amortized Cost	6,878	7,019
Unrealized Gains	146	161
Unrealized Losses	(10)	(23)
Fair Value	7,014	7,157
Available-for-sale securities, amortized cost, contractual maturity [Abstract]
Amortized Cost	6,878	7,019
Available-for-sale securities, fair value, contractual maturity [Abstract]
Fair Value	7,014	7,157
Available-for-sale securities, continuous unrealized loss position, fair value [Abstract]
Less than 12 months, fair value	595	0
12 months or longer, fair value	996	977
Total, fair value	1,591	977
Available-for-sale Securities, continuous unrealized loss position, unrealized losses [Abstract]
Less than 12 months, unrealized losses	(5)	0
12 months or longer, unrealized losses	(5)	(23)
Total, unrealized losses	$ (10)	$ (23)
Available-for-sale Securities, Other Disclosure Items [Abstract]
Number of positions in unrealized loss position | Security	2	1
Securities depreciated from the amortized cost basis percentage	0.60%	2.30%
State and political subdivisions [Member]
Available for sale securities fair value to amortized cost basis [Abstract]
Amortized Cost	$ 5,267	$ 6,535
Unrealized Gains	341	525
Unrealized Losses	0	0
Fair Value	5,608	7,060
Available-for-sale securities, amortized cost, contractual maturity [Abstract]
Amortized Cost	5,267	6,535
Available-for-sale securities, fair value, contractual maturity [Abstract]
Fair Value	5,608	7,060
Available-for-sale securities, continuous unrealized loss position, fair value [Abstract]
Less than 12 months, fair value	0	0
12 months or longer, fair value	0	0
Total, fair value	0	0
Available-for-sale Securities, continuous unrealized loss position, unrealized losses [Abstract]
Less than 12 months, unrealized losses	0	0
12 months or longer, unrealized losses	0	0
Total, unrealized losses	0	0
Mortgage-backed securities - residential [Member]
Available for sale securities fair value to amortized cost basis [Abstract]
Amortized Cost	26,197	30,454
Unrealized Gains	874	928
Unrealized Losses	(34)	(22)
Fair Value	27,037	31,360
Available-for-sale securities, amortized cost, contractual maturity [Abstract]
Amortized Cost	26,197	30,454
Available-for-sale securities, fair value, contractual maturity [Abstract]
Fair Value	27,037	31,360
Available-for-sale securities, continuous unrealized loss position, fair value [Abstract]
Less than 12 months, fair value	1,424	1,849
12 months or longer, fair value	1,172	1,192
Total, fair value	2,596	3,041
Available-for-sale Securities, continuous unrealized loss position, unrealized losses [Abstract]
Less than 12 months, unrealized losses	(22)	(1)
12 months or longer, unrealized losses	(12)	(21)
Total, unrealized losses	$ (34)	$ (22)
Available-for-sale Securities, Other Disclosure Items [Abstract]
Number of positions in unrealized loss position | Security	2	3
Securities depreciated from the amortized cost basis percentage	1.30%	0.71%
Collateralized mortgage obligations [Member]
Available for sale securities fair value to amortized cost basis [Abstract]
Amortized Cost	$ 25,233	$ 29,306
Unrealized Gains	115	94
Unrealized Losses	(200)	(438)
Fair Value	25,148	28,962
Available-for-sale securities, amortized cost, contractual maturity [Abstract]
Amortized Cost	25,233	29,306
Available-for-sale securities, fair value, contractual maturity [Abstract]
Fair Value	25,148	28,962
Available-for-sale securities, continuous unrealized loss position, fair value [Abstract]
Less than 12 months, fair value	4,140	6,599
12 months or longer, fair value	6,802	11,258
Total, fair value	10,942	17,857
Available-for-sale Securities, continuous unrealized loss position, unrealized losses [Abstract]
Less than 12 months, unrealized losses	(17)	(40)
12 months or longer, unrealized losses	(184)	(398)
Total, unrealized losses	$ (201)	$ (438)
Available-for-sale Securities, Other Disclosure Items [Abstract]
Number of positions in unrealized loss position | Security	12	18
Securities depreciated from the amortized cost basis percentage	1.80%	2.40%
Corporate bonds [Member]
Available for sale securities fair value to amortized cost basis [Abstract]
Amortized Cost	$ 2,516	$ 3,025
Unrealized Gains	52	69
Unrealized Losses	0	0
Fair Value	2,568	3,094
Available-for-sale securities, amortized cost, contractual maturity [Abstract]
Amortized Cost	2,516	3,025
Available-for-sale securities, fair value, contractual maturity [Abstract]
Fair Value	2,568	3,094
Available-for-sale securities, continuous unrealized loss position, fair value [Abstract]
Less than 12 months, fair value	0	0
12 months or longer, fair value	0	0
Total, fair value	0	0
Available-for-sale Securities, continuous unrealized loss position, unrealized losses [Abstract]
Less than 12 months, unrealized losses	0	0
12 months or longer, unrealized losses	0	0
Total, unrealized losses	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN 26

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	$ 400,114		$ 375,154
Net deferred loan fees	(603)		(498)
Allowance for loan losses	(12,570)	$ (12,861)	(14,377)	$ (15,170)	$ (14,616)	$ (15,760)
Loans, net	386,941		360,279
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	64,658		57,876
Allowance for loan losses	(1,131)		(1,291)
Real Estate Mortgage Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	333,943		315,789
Allowance for loan losses	(11,062)		(12,161)
Real Estate Mortgage Loans [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	74,979		71,002
Real Estate Mortgage Loans [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	229,165		222,468
Real Estate Mortgage Loans [Member] | Construction and Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	29,799		22,319
Consumer and Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	1,513		1,489
Allowance for loan losses	$ (377)		$ (925)

LOANS AND ALLOWANCE FOR LOAN 27

LOANS AND ALLOWANCE FOR LOAN LOSSES, Loans Acquired in ABI Merger (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)SegmentClass	Dec. 31, 2014USD ($)
LOANS AND ALLOWANCE FOR LOAN LOSSES [Abstract]
Number of loan portfolio segment | Segment	3
Classes of real estate mortgage loans | Class	3
Maximum term of consumer loans	10 years
Acquired Accounts Notes And Loans Receivable [Line Items]
Gross Contractual Amount Receivable	$ 50,360	$ 58,839
Discount	2,803	3,409
Carrying Balance	47,557	55,430
Commercial Loans [Member]
Acquired Accounts Notes And Loans Receivable [Line Items]
Gross Contractual Amount Receivable	1,557	1,758
Discount	115	144
Carrying Balance	1,442	1,614
Real Estate Mortgage Loans [Member] | Residential [Member]
Acquired Accounts Notes And Loans Receivable [Line Items]
Gross Contractual Amount Receivable	12,847	15,748
Discount	616	761
Carrying Balance	12,231	14,987
Real Estate Mortgage Loans [Member] | Commercial [Member]
Acquired Accounts Notes And Loans Receivable [Line Items]
Gross Contractual Amount Receivable	32,683	37,481
Discount	1,834	2,167
Carrying Balance	30,849	35,314
Real Estate Mortgage Loans [Member] | Construction and Land [Member]
Acquired Accounts Notes And Loans Receivable [Line Items]
Gross Contractual Amount Receivable	2,907	3,452
Discount	235	334
Carrying Balance	2,672	3,118
Consumer and Other Loans [Member]
Acquired Accounts Notes And Loans Receivable [Line Items]
Gross Contractual Amount Receivable	366	400
Discount	3	3
Carrying Balance	$ 363	$ 397

LOANS AND ALLOWANCE FOR LOAN 28

LOANS AND ALLOWANCE FOR LOAN LOSSES, Summary of Allowance For Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance at beginning of period	$ 12,861	$ 14,616	$ 14,377	$ 15,760
Total charge-offs	(878)	(769)	(1,438)	(2,476)
Total recoveries	587	1,323	1,642	1,599
Net (charge-offs) recoveries	(291)	554	204	(877)
Provision for loan losses charged to operating expenses:
Total provision	0	0	(2,011)	287
Allowance at end of period	12,570	15,170	12,570	15,170
Commercial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance at beginning of period			1,291
Total charge-offs	(4)	(70)	(170)	(272)
Total recoveries	14	10	53	37
Provision for loan losses charged to operating expenses:
Total provision	(1)	(26)	(43)	102
Allowance at end of period	1,131		1,131
Real Estate Mortgage Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance at beginning of period			12,161
Total charge-offs	(874)	(545)	(1,264)	(2,034)
Total recoveries	457	1,306	1,436	1,545
Provision for loan losses charged to operating expenses:
Total provision	(15)	(312)	(1,271)	(73)
Allowance at end of period	11,062		11,062
Consumer and Other Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance at beginning of period			925
Total charge-offs	0	(154)	(4)	(170)
Total recoveries	116	7	153	17
Provision for loan losses charged to operating expenses:
Total provision	16	$ 338	(697)	$ 258
Allowance at end of period	$ 377		$ 377

LOANS AND ALLOWANCE FOR LOAN 29

LOANS AND ALLOWANCE FOR LOAN LOSSES, Summary of Allowance For Credit Losses By Impairment Method (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Allowance for Credit Losses [Abstract]
Allowance for loan losses individually evaluated for impairment	$ 1,585		$ 560
Allowance for loan losses collectively evaluated for impairment	10,985		13,817
Allowance for loan losses, loans acquired with deteriorated credit quality	0		0
Total ending allowance balance	12,570	$ 12,861	14,377	$ 15,170	$ 14,616	$ 15,760
Loans [Abstract]
Loans individually evaluated for impairment	14,536		16,082
Loans collectively evaluated for impairment	374,109		344,581
Loans acquired with deteriorated credit quality	11,469		14,491
Total ending loans balance	400,114		375,154
Commercial Loans [Member]
Allowance for Credit Losses [Abstract]
Allowance for loan losses individually evaluated for impairment	59		21
Allowance for loan losses collectively evaluated for impairment	1,072		1,270
Allowance for loan losses, loans acquired with deteriorated credit quality	0		0
Total ending allowance balance	1,131		1,291
Loans [Abstract]
Loans individually evaluated for impairment	59		21
Loans collectively evaluated for impairment	64,517		57,749
Loans acquired with deteriorated credit quality	82		106
Total ending loans balance	64,658		57,876
Real Estate Mortgage Loans [Member]
Allowance for Credit Losses [Abstract]
Allowance for loan losses individually evaluated for impairment	1,526		539
Allowance for loan losses collectively evaluated for impairment	9,536		11,622
Allowance for loan losses, loans acquired with deteriorated credit quality	0		0
Total ending allowance balance	11,062		12,161
Loans [Abstract]
Loans individually evaluated for impairment	14,454		16,033
Loans collectively evaluated for impairment	308,102		285,371
Loans acquired with deteriorated credit quality	11,387		14,385
Total ending loans balance	333,943		315,789
Consumer and Other Loans [Member]
Allowance for Credit Losses [Abstract]
Allowance for loan losses individually evaluated for impairment	0		0
Allowance for loan losses collectively evaluated for impairment	377		925
Allowance for loan losses, loans acquired with deteriorated credit quality	0		0
Total ending allowance balance	377		925
Loans [Abstract]
Loans individually evaluated for impairment	23		28
Loans collectively evaluated for impairment	1,490		1,461
Loans acquired with deteriorated credit quality	0		0
Total ending loans balance	$ 1,513		$ 1,489

LOANS AND ALLOWANCE FOR LOAN 30

LOANS AND ALLOWANCE FOR LOAN LOSSES, Impaired Financing Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
With no related allowance recorded [Abstract]
Unpaid Principal Balance	$ 11,089	$ 17,505
Recorded Investment	10,503	14,469
With an allowance recorded [Abstract]
Unpaid Principal Balance	4,146	1,695
Recorded Investment	4,033	1,613
Allowance for Loan Losses Allocated	1,585	560
Total Unpaid Principal Balance	15,235	19,200
Total Recorded Investment	14,536	16,082
Commercial Loans [Member]
With no related allowance recorded [Abstract]
Unpaid Principal Balance	0	0
Recorded Investment	0	0
With an allowance recorded [Abstract]
Unpaid Principal Balance	60	21
Recorded Investment	59	21
Allowance for Loan Losses Allocated	59	21
Real Estate Mortgage Loans [Member] | Residential [Member]
With no related allowance recorded [Abstract]
Unpaid Principal Balance	790	2,288
Recorded Investment	734	2,211
With an allowance recorded [Abstract]
Unpaid Principal Balance	1,797	692
Recorded Investment	1,740	629
Allowance for Loan Losses Allocated	693	103
Real Estate Mortgage Loans [Member] | Commercial [Member]
With no related allowance recorded [Abstract]
Unpaid Principal Balance	9,173	14,012
Recorded Investment	8,675	11,104
With an allowance recorded [Abstract]
Unpaid Principal Balance	1,957	489
Recorded Investment	1,948	489
Allowance for Loan Losses Allocated	655	214
Real Estate Mortgage Loans [Member] | Construction and Land [Member]
With no related allowance recorded [Abstract]
Unpaid Principal Balance	1,100	1,174
Recorded Investment	1,071	1,126
With an allowance recorded [Abstract]
Unpaid Principal Balance	332	493
Recorded Investment	286	474
Allowance for Loan Losses Allocated	178	222
Consumer and Other Loans [Member]
With no related allowance recorded [Abstract]
Unpaid Principal Balance	26	31
Recorded Investment	23	28
With an allowance recorded [Abstract]
Unpaid Principal Balance	0	0
Recorded Investment	0	0
Allowance for Loan Losses Allocated	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN 31

LOANS AND ALLOWANCE FOR LOAN LOSSES, Impaired Financing Receivable Interest Income Recognized (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
With No Related Allowance Recorded [Abstract]
Average Impaired Loans	$ 9,437	$ 15,222	$ 11,171	$ 17,404
Interest Income	86	67	393	210
Cash-Basis	86	67	393	210
With Allowance Recorded [Abstract]
Average Impaired Loans	2,565	7,241	1,775	5,997
Interest Income	11	23	32	69
Cash-Basis	11	23	33	69
Total, Average Impaired Loans	12,002	22,463	12,946	23,401
Total, Interest Income	97	90	425	279
Total, Cash Basis	97	90	426	279
Commercial Loans [Member]
With No Related Allowance Recorded [Abstract]
Average Impaired Loans	0	68	56	192
Interest Income	0	0	0	0
Cash-Basis	0	0	0	0
With Allowance Recorded [Abstract]
Average Impaired Loans	61	16	62	17
Interest Income	0	0	0	0
Cash-Basis	0	0	0	0
Real Estate Mortgage Loans [Member] | Residential [Member]
With No Related Allowance Recorded [Abstract]
Average Impaired Loans	806	2,063	884	2,407
Interest Income	5	18	16	63
Cash-Basis	5	18	16	63
With Allowance Recorded [Abstract]
Average Impaired Loans	1,742	830	939	830
Interest Income	5	7	15	21
Cash-Basis	5	7	16	21
Real Estate Mortgage Loans [Member] | Commercial [Member]
With No Related Allowance Recorded [Abstract]
Average Impaired Loans	7,530	10,556	9,015	10,651
Interest Income	72	42	349	126
Cash-Basis	72	42	349	126
With Allowance Recorded [Abstract]
Average Impaired Loans	474	5,496	480	4,291
Interest Income	6	13	17	38
Cash-Basis	6	13	17	38
Real Estate Mortgage Loans [Member] | Construction and Land [Member]
With No Related Allowance Recorded [Abstract]
Average Impaired Loans	1,078	2,503	1,191	4,119
Interest Income	9	7	28	21
Cash-Basis	9	7	28	21
With Allowance Recorded [Abstract]
Average Impaired Loans	288	591	294	545
Interest Income	0	3	0	10
Cash-Basis	0	3	0	10
Consumer and Other Loans [Member]
With No Related Allowance Recorded [Abstract]
Average Impaired Loans	23	32	25	35
Interest Income	0	0	0	0
Cash-Basis	0	0	0	0
With Allowance Recorded [Abstract]
Average Impaired Loans	0	308	0	314
Interest Income	0	0	0	0
Cash-Basis	$ 0	$ 0	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN 32

LOANS AND ALLOWANCE FOR LOAN LOSSES, Nonaccrual Financing Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Nonaccrual Financing Receivables [Line Items]
Recorded investment in nonaccrual loans	$ 7,045	$ 9,182
Commercial Loans [Member]
Nonaccrual Financing Receivables [Line Items]
Recorded investment in nonaccrual loans	59	21
Real Estate Mortgage Loans [Member] | Residential [Member]
Nonaccrual Financing Receivables [Line Items]
Recorded investment in nonaccrual loans	2,092	1,151
Real Estate Mortgage Loans [Member] | Commercial [Member]
Nonaccrual Financing Receivables [Line Items]
Recorded investment in nonaccrual loans	4,485	7,408
Real Estate Mortgage Loans [Member] | Construction and Land [Member]
Nonaccrual Financing Receivables [Line Items]
Recorded investment in nonaccrual loans	386	574
Consumer and Other Loans [Member]
Nonaccrual Financing Receivables [Line Items]
Recorded investment in nonaccrual loans	$ 23	$ 28

LOANS AND ALLOWANCE FOR LOAN 33

LOANS AND ALLOWANCE FOR LOAN LOSSES, Financing Receivables Past Due (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	$ 5,763	$ 14,488
Loans Not Past Due	394,351	360,666
Total ending loans balance	400,114	375,154
30-59 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	1,046	6,393
60-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	1,640	2,280
90 Days and Greater [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	3,077	5,815
Commercial Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	220	218
Loans Not Past Due	64,438	57,658
Total ending loans balance	64,658	57,876
Commercial Loans [Member] | 30-59 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	199	218
Commercial Loans [Member] | 60-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	0	0
Commercial Loans [Member] | 90 Days and Greater [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	21	0
Real Estate Mortgage Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total ending loans balance	333,943	315,789
Real Estate Mortgage Loans [Member] | Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	987	2,134
Loans Not Past Due	73,992	68,868
Total ending loans balance	74,979	71,002
Real Estate Mortgage Loans [Member] | Residential [Member] | 30-59 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	589	874
Real Estate Mortgage Loans [Member] | Residential [Member] | 60-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	163	579
Real Estate Mortgage Loans [Member] | Residential [Member] | 90 Days and Greater [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	235	681
Real Estate Mortgage Loans [Member] | Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	4,176	11,517
Loans Not Past Due	224,989	210,951
Total ending loans balance	229,165	222,468
Real Estate Mortgage Loans [Member] | Commercial [Member] | 30-59 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	0	5,032
Real Estate Mortgage Loans [Member] | Commercial [Member] | 60-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	1,477	1,701
Real Estate Mortgage Loans [Member] | Commercial [Member] | 90 Days and Greater [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	2,699	4,784
Real Estate Mortgage Loans [Member] | Construction and Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	122	350
Loans Not Past Due	29,677	21,969
Total ending loans balance	29,799	22,319
Real Estate Mortgage Loans [Member] | Construction and Land [Member] | 30-59 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	0	0
Real Estate Mortgage Loans [Member] | Construction and Land [Member] | 60-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	0	0
Real Estate Mortgage Loans [Member] | Construction and Land [Member] | 90 Days and Greater [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	122	350
Consumer and Other Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	258	269
Loans Not Past Due	1,255	1,220
Total ending loans balance	1,513	1,489
Consumer and Other Loans [Member] | 30-59 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	258	269
Consumer and Other Loans [Member] | 60-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	0	0
Consumer and Other Loans [Member] | 90 Days and Greater [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN 34

LOANS AND ALLOWANCE FOR LOAN LOSSES, Troubled Debt Restructuring (Details) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
		Sep. 30, 2015USD ($)Loan	Sep. 30, 2014USD ($)Loan	Sep. 30, 2015USD ($)Loan	Sep. 30, 2014USD ($)Loan	Dec. 31, 2014USD ($)
Financing Receivable, Modifications [Line Items]
Recorded investment	[1]	$ 10,671		$ 10,671		$ 10,794
Specific reserves allocated	[2]	342		342		372
Total recorded investment in loans modified as TDRs with collateral shortfalls		1,101		1,101		1,285
Specific reserves on loans modified as TDRs with collateral shortfalls		$ 342		$ 342		372
Number of loans | Loan		1	1	2	13
Pre-Modification Outstanding Recorded Investment		$ 214	$ 208	$ 1,710	$ 4,540
Post-Modification Outstanding Recorded Investment		208	208	1,897	4,508
Additional outstanding loans modified as TDRs		0		0		0
Charge-offs on loans modified as TDRs		0	0	0	256
Increase in allowance for loan and lease losses due to TDR modification				0		$ 0
Recorded investment of loans that did not meet the definition of a troubled debt restructuring		7,300	1,900	14,700	12,100
Troubled debt restructuring related to payment default within 12 months		$ 0	$ 0	$ 0	$ 0
Collateral Impaired Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Loan		1	0	2	8
Commercial Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Loan		0	0	0	1
Pre-Modification Outstanding Recorded Investment		$ 0	$ 0	$ 0	$ 62
Post-Modification Outstanding Recorded Investment		$ 0	$ 0	$ 0	$ 62
Real Estate Mortgage Loans [Member] | Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Loan		1	0	1	2
Pre-Modification Outstanding Recorded Investment		$ 214	$ 0	$ 214	$ 171
Post-Modification Outstanding Recorded Investment		$ 208	$ 0	$ 208	$ 151
Real Estate Mortgage Loans [Member] | Commercial [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Loan		0	0	1	6
Pre-Modification Outstanding Recorded Investment		$ 0	$ 0	$ 1,496	$ 3,579
Post-Modification Outstanding Recorded Investment		$ 0	$ 0	$ 1,689	$ 3,629
Real Estate Mortgage Loans [Member] | Construction and Land [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Loan		0	0	0	2
Pre-Modification Outstanding Recorded Investment		$ 0	$ 0	$ 0	$ 281
Post-Modification Outstanding Recorded Investment		$ 0	$ 0	$ 0	$ 219
Consumer and Other Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Loan		0	1	0	2
Pre-Modification Outstanding Recorded Investment		$ 0	$ 208	$ 0	$ 447
Post-Modification Outstanding Recorded Investment		$ 0	$ 208	$ 0	$ 447
[1]	Of the total recorded investment in loans modified as TDRs, $1,101 and $1,285, respectively, were for customers whose loans were collateral dependent with collateral shortfalls.
[2]	Of the specific reserves allocated to customers whose loan terms were modified as TDRs, $342 and $372, respectively, were allocated to customers whose loans were collateral dependent with collateral shortfalls.

LOANS AND ALLOWANCE FOR LOAN 35

LOANS AND ALLOWANCE FOR LOAN LOSSES, Credit Quality Indicator (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	$ 400,114	$ 375,154
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	378,201	342,831
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	8,957	11,184
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	12,956	21,139
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	0	0
Commercial Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	64,658	57,876
Commercial Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	64,480	56,704
Commercial Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	76	1,103
Commercial Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	102	69
Commercial Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	0	0
Real Estate Mortgage Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	333,943	315,789
Real Estate Mortgage Loans [Member] | Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	74,979	71,002
Real Estate Mortgage Loans [Member] | Residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	66,702	61,666
Real Estate Mortgage Loans [Member] | Residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	4,628	4,717
Real Estate Mortgage Loans [Member] | Residential [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	3,649	4,619
Real Estate Mortgage Loans [Member] | Residential [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	0	0
Real Estate Mortgage Loans [Member] | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	229,165	222,468
Real Estate Mortgage Loans [Member] | Commercial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	218,529	202,225
Real Estate Mortgage Loans [Member] | Commercial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	2,552	5,278
Real Estate Mortgage Loans [Member] | Commercial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	8,084	14,965
Real Estate Mortgage Loans [Member] | Commercial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	0	0
Real Estate Mortgage Loans [Member] | Construction and Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	29,799	22,319
Real Estate Mortgage Loans [Member] | Construction and Land [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	27,013	20,799
Real Estate Mortgage Loans [Member] | Construction and Land [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	1,688	62
Real Estate Mortgage Loans [Member] | Construction and Land [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	1,098	1,458
Real Estate Mortgage Loans [Member] | Construction and Land [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	0	0
Consumer and Other Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	1,513	1,489
Consumer and Other Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	1,477	1,437
Consumer and Other Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	13	24
Consumer and Other Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	23	28
Consumer and Other Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN 36

LOANS AND ALLOWANCE FOR LOAN LOSSES, Acquired With Deteriorated Credit Quality (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Acquired financing receivable recorded investment [Line Items]
Carrying amount	$ 11,469	$ 14,491
Commercial Loans [Member]
Acquired financing receivable recorded investment [Line Items]
Carrying amount	82	106
Real Estate Mortgage Loans [Member]
Acquired financing receivable recorded investment [Line Items]
Carrying amount	11,387	14,385
Consumer and Other Loans [Member]
Acquired financing receivable recorded investment [Line Items]
Carrying amount	0	0
Receivables Acquired with Deteriorated Credit Quality [Member]
Acquired financing receivable recorded investment [Line Items]
Unpaid principal balance	12,776	15,952
Carrying amount	11,469	14,491
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Loans [Member]
Acquired financing receivable recorded investment [Line Items]
Unpaid principal balance	112	150
Receivables Acquired with Deteriorated Credit Quality [Member] | Real Estate Mortgage Loans [Member] | Residential [Member]
Acquired financing receivable recorded investment [Line Items]
Unpaid principal balance	2,111	3,625
Receivables Acquired with Deteriorated Credit Quality [Member] | Real Estate Mortgage Loans [Member] | Commercial [Member]
Acquired financing receivable recorded investment [Line Items]
Unpaid principal balance	10,320	11,937
Receivables Acquired with Deteriorated Credit Quality [Member] | Real Estate Mortgage Loans [Member] | Construction and Land [Member]
Acquired financing receivable recorded investment [Line Items]
Unpaid principal balance	233	240
Receivables Acquired with Deteriorated Credit Quality [Member] | Consumer and Other Loans [Member]
Acquired financing receivable recorded investment [Line Items]
Unpaid principal balance	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN 37

LOANS AND ALLOWANCE FOR LOAN LOSSES, Accretable Yield Summary (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Summary of Accretable Yield [Roll Forward]
Beginning Balance	$ 6,329	$ 8,993
New loans purchased, including loans classified as held-for-sale	0	0
Accretion of income	(599)	(766)
Reduction for loans sold paid off and other	(673)	(1,837)
Loans charged off	0	(28)
Reclassifications from nonaccretable difference	127	0
Disposals	0	0
Ending Balance	$ 5,184	$ 6,362

BORROWED FUNDS (Details)

BORROWED FUNDS (Details) - USD ($)	Jan. 08, 2015	Sep. 30, 2015	Dec. 31, 2014
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Federal Home Loan Bank short-term borrowings		$ 2,500,000	$ 8,500,000
Federal Home Loan Bank long-term debt		9,000,000	9,000,000
Maximum amount available for advances		59,000,000	52,000,000
Line of credit aggregate commitment amount		19,500,000	19,500,000
Federal funds purchased		0	0
Line of credit facility, remaining borrowing capacity		1,300,000	2,200,000
Line of credit, outstanding		$ 0	0
Revolving Credit Facility [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Line of credit facility, remaining borrowing capacity			2,200,000
Line of credit facility, interest rate		8.00%
Unused revolver fee, interest rate		2.00%
Maturity date of revolver loan agreement		Jan. 1, 2015
Line of credit, outstanding			0
Advances maturing January 9, 2015 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Federal Home Loan Bank short-term borrowings		$ 0	$ 4,000,000
Interest rate		0.88%	0.88%
Due date		January 9, 2015	January 9, 2015
Advances maturing March 2, 2015 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Federal Home Loan Bank short-term borrowings		$ 0	$ 2,000,000
Interest rate		0.76%	0.76%
Due date		March 2, 2015	March 2, 2015
Advances maturing July 15, 2016 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Federal Home Loan Bank short-term borrowings		$ 2,500,000	$ 2,500,000
Interest rate		2.81%	2.81%
Due date		July 15, 2016	July 15, 2016
Advances maturing January 9, 2017 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Federal Home Loan Bank long-term debt		$ 4,000,000	$ 4,000,000
Interest rate		1.40%	1.40%
Due date		January 9, 2017	January 9, 2017
Advances maturing May 30, 2017 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Federal Home Loan Bank long-term debt		$ 5,000,000	$ 5,000,000
Interest rate		1.23%	1.23%
Due date		May 30, 2017	May 30, 2017
Castle Creek SSF-D Investors LP [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Borrower in custody line of credit with the federal reserve	$ 1,500,000
Line of credit facility, maximum borrowing capacity	$ 1,500,000
Line of credit facility, interest rate	8.00%
Unused revolver fee, interest rate	2.00%
Maturity date of revolver loan agreement		Jan. 7, 2017
Line of credit, outstanding		$ 250,000
Federal Reserve Bank Advances [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Borrower in custody line of credit with the federal reserve		26,100,000	$ 24,400,000
Line of credit facility, maximum borrowing capacity		$ 26,100,000	$ 24,400,000

DERIVATIVE FINANCIAL INSTRUME39

DERIVATIVE FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Jul. 07, 2009	Sep. 30, 2015	Dec. 31, 2014
Derivative Instruments And Hedging Activities [Line Items]
Subordinated debt issued to Jacksonville Bancorp, Inc. Statutory Trust III	$ 7,600
Interest rate swap transaction, fixed interest rate (in hundredths)	7.53%
Interest rate swap transaction, fixed interest rate, period	10 years
Description of variable rate on subordinated debentures issued to Jacksonville Bancorp, Inc Statutory Trust III	90-day LIBOR plus 375 basis points
Variable rate basis on subordinated debentures issued to Jacksonville Bancorp, Inc Statutory Trust III	3.75%
Fair value of hedged subordinated debentures issued to Jacksonville Bancorp, Inc. Statutory Trust III		$ 5,200	$ 5,000
Interest Rate Swap [Member]
Derivative Instruments And Hedging Activities [Line Items]
Fair value of derivative instrument with Sun Trust Bank		$ 754	$ 725

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Dec. 31, 2014
Liabilities [Abstract]
Number of transfers from Level III to Level II in OREO	0	0
Recurring [Member]
Securities available-for-sale [Abstract]
U.S. government-sponsored entities and agencies	$ 7,014	$ 7,014	$ 7,157
State and political subdivisions	5,608	5,608	7,060
Mortgage-backed securities - residential	27,037	27,037	31,360
Collateralized mortgage obligations	25,148	25,148	28,962
Corporate bonds	2,568	2,568	3,094
Liabilities [Abstract]
Derivative Liability	754	754	725
Fair value inter level transfers amount, assets	0	0	0
Fair value inter level transfers amount, liabilities	0	0	0
Recurring [Member] | Level I [Member]
Securities available-for-sale [Abstract]
U.S. government-sponsored entities and agencies	0	0	0
State and political subdivisions	0	0	0
Mortgage-backed securities - residential	0	0	0
Collateralized mortgage obligations	0	0	0
Corporate bonds	0	0	0
Liabilities [Abstract]
Derivative Liability	0	0	0
Recurring [Member] | Level II [Member]
Securities available-for-sale [Abstract]
U.S. government-sponsored entities and agencies	7,014	7,014	7,157
State and political subdivisions	5,608	5,608	7,060
Mortgage-backed securities - residential	27,037	27,037	31,360
Collateralized mortgage obligations	25,148	25,148	28,962
Corporate bonds	2,568	2,568	3,094
Liabilities [Abstract]
Derivative Liability	754	754	725
Recurring [Member] | Level III [Member]
Securities available-for-sale [Abstract]
U.S. government-sponsored entities and agencies	0	0	0
State and political subdivisions	0	0	0
Mortgage-backed securities - residential	0	0	0
Collateralized mortgage obligations	0	0	0
Corporate bonds	0	0	0
Liabilities [Abstract]
Derivative Liability	0	0	0
Nonrecurring [Member]
Liabilities [Abstract]
Fair Value assets between levels transfers amount non recurring	0	0	0
Fair value liabilities between levels transfers amount non recurring	0	0	0
Impaired Loans - (Collateral Dependent) [Abstract]
Residential real estate mortgage loans	1,037	1,037	495
Commercial real estate mortgage loans	1,293	1,293	275
Construction and land real estate mortgage loans	109	109	252
Other real estate owned [Abstract]
Construction and land real estate mortgage loans	3,768	3,768	3,773
Assets held for sale	0	0	786
Nonrecurring [Member] | Level I [Member]
Impaired Loans - (Collateral Dependent) [Abstract]
Residential real estate mortgage loans	0	0	0
Commercial real estate mortgage loans	0	0	0
Construction and land real estate mortgage loans	0	0	0
Other real estate owned [Abstract]
Construction and land real estate mortgage loans	0	0	0
Assets held for sale	0	0	0
Nonrecurring [Member] | Level II [Member]
Impaired Loans - (Collateral Dependent) [Abstract]
Residential real estate mortgage loans	1,037	1,037	0
Commercial real estate mortgage loans	1,018	1,018	0
Construction and land real estate mortgage loans	109	109	0
Other real estate owned [Abstract]
Construction and land real estate mortgage loans	3,768	3,768	0
Assets held for sale	0	0	786
Nonrecurring [Member] | Level III [Member]
Impaired Loans - (Collateral Dependent) [Abstract]
Residential real estate mortgage loans	0	0	495
Commercial real estate mortgage loans	275	275	275
Construction and land real estate mortgage loans	0	0	252
Other real estate owned [Abstract]
Construction and land real estate mortgage loans	0	0	3,773
Assets held for sale	$ 0	$ 0	$ 0

FAIR VALUE, Assets Quantitative

FAIR VALUE, Assets Quantitative Information (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Impaired Loans (Collateral Dependent) [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Marketability discount	10.00%
Fair Value	$ 275	$ 3,874	$ 1,022
Level 3 assets other disclosures [Abstract]
Outstanding balance	471	6,094
Valuation allowance	196	2,220
Net carrying amount and Fair value	275	3,874	$ 1,022
Period expense	$ (18)	434
Impaired Loans (Collateral Dependent) [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Marketability discount			0.00%
Impaired Loans (Collateral Dependent) [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Marketability discount			20.00%
Impaired Loans (Collateral Dependent) [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Marketability discount	10.00%		6.20%
Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		2,874	$ 3,773
Level 3 assets other disclosures [Abstract]
Outstanding balance		3,880
Valuation allowance		1,006
Net carrying amount and Fair value		2,874	$ 3,773
Period expense		48
Other Real Estate Owned [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability adjustments			0.00%
Other Real Estate Owned [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability adjustments			8.10%
Other Real Estate Owned [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability adjustments			2.80%
Assets Held For Sale [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		925
Level 3 assets other disclosures [Abstract]
Outstanding balance		940
Valuation allowance		0
Net carrying amount and Fair value		925
Period expense		$ 15

FAIR VALUE, Balance Sheet Group

FAIR VALUE, Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financial assets [Abstract]
Loans, net	$ 386,941	$ 360,279
Level I [Member]
Financial assets [Abstract]
Cash and cash equivalents	23,197	20,186
Level II [Member]
Financial assets [Abstract]
Cash and cash equivalents	3,213	4,186
Carrying Amount [Member]
Financial assets [Abstract]
Cash and cash equivalents	26,410	24,372
Securities available-for-sale	67,375	77,633
Loans, net	386,941	360,279
Federal Home Loan Bank Stock	928	1,243
Accrued interest receivable	1,366	1,464
Financial liabilities [Abstract]
Deposits	433,032	415,756
Federal Home Loan Bank advances and other borrowings	11,860	17,629
Subordinated debentures	16,266	16,218
Accrued interest payable	116	130
Interest rate swap	754	725
Fair Value [Member]
Financial assets [Abstract]
Cash and cash equivalents	26,410	24,372
Securities available-for-sale	67,375	77,633
Loans, net	$ 392,896	$ 366,686
Federal Home Loan Bank Stock
Accrued interest receivable	$ 1,366	$ 1,464
Financial liabilities [Abstract]
Deposits	433,555	416,432
Federal Home Loan Bank advances and other borrowings	11,721	17,743
Subordinated debentures	8,951	8,552
Accrued interest payable	116	130
Interest rate swap	$ 754	$ 725

CAPITAL ADEQUACY (Details)

CAPITAL ADEQUACY (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
CAPITAL ADEQUACY [Abstract]
CET1 capital (to risk weighted assets), required ratio	4.50%
CET1 capital (to risk weighted assets), required capital conservation buffer ratio	2.50%
CET1 capital (to risk weighted assets), required ratio upon full implementation	7.00%
Minimum leverage capital ratio to be adequately capitalized	8.00%
Minimum Tier 1 risk-based capital ratio to be adequately capitalized	4.00%
Minimum total risk-based capital ratio to be adequately capitalized	4.00%
Tier 1 capital (to risk weighted assets), required ratio	6.00%
Tier 1 capital (to risk weighted assets), required capital conservation buffer ratio	2.50%
Tier 1 capital (to risk weighted assets), required ratio upon full implementation	8.50%
Tier 1 plus Tier 2 capital (to risk weighted assets), required ratio	8.00%
Tier 1 plus Tier 2 capital (to risk weighted assets), required capital conservation buffer ratio	2.50%
Tier 1 plus Tier 2 capital (to risk weighted assets), required ratio upon full implementation	10.50%
Maximum leverage capital ratio of Tier 1 capita	4.00%
Maximum total risk-based capital ratio to be undercapitalized	8.00%
Maximum Tier 1 risk-based capital ratio to be undercapitalized	4.00%
Maximum leverage capital ratio to be undercapitalized	4.00%
Maximum Tier 1 risk-based capital ratio to be significantly undercapitalized	3.00%
Maximum total risk-based capital ratio to be significantly undercapitalized	6.00%
Maximum leverage capital ratio to be significantly undercapitalized	3.00%
Maximum tangible equity to total assets to be critically undercapitalized	2.00%
CET1 ratio for well-capitalized status	6.50%
Tier 1 risk-based capital ratio for well-capitalized	8.00%
Leverage ratio to be well-capitalized	3.00%
Previous Memorandum of Understanding, Minimum total risk-based capital	10.00%
Previous Memorandum of Understanding, Minimum Tier 1 leverage capital ratio	8.00%
Current Memorandum of Understanding, Minimum total risk-based capital	12.00%
Current Memorandum of Understanding, Minimum Tier 1 leverage capital ratio	8.00%
To Be Well Capitalized Under Prompt Corrective Action Provision Ratio [Abstract]
Amount available to borrow under line of revolving loan agreements	$ 1,300	$ 2,200
Preceding period for retained net profits to be used to pay dividends by commercial banks	2 years
Consolidated [Member]
Capital Actual Amount Under Regulations [Abstract]
Total capital to risk-weighted assets, actual amount	$ 64,009	57,949
Tier 1 (Core) capital to risk-weighted assets, actual amount	56,442	49,290
Common equity Tier I capital, actual amount	56,442
Tier 1 (Core) capital to average assets, actual amount	$ 56,442	$ 49,290
Capital Actual Ratio [Abstract]
Total capital to risk-weighted assets, actual ratio (in hundredths)	15.67%	15.13%
Tier 1 (Core) capital to risk-weighted assets, actual ratio (in hundredths)	13.81%	12.87%
Common Equity Tier One Risk Based Capital To Risk Weighted Assets	13.81%
Tier 1 (Core) capital to average assets, actual ratio (in hundredths)	11.35%	9.85%
For Capital Adequacy Purposes Amount [Abstract]
Total capital to risk-weighted assets, amount	$ 32,686	$ 30,643
Tier 1 (Core) capital to risk-weighted assets, amount	24,515	15,322
Common Equity Tier 1 Capital assets, amount	18,386
Tier 1 (Core) capital to average assets, amount	$ 19,896	$ 20,014
For Capital Adequacy Purposes Ratio [Abstract]
Total capital to risk-weighted assets, ratio (in hundredths)	8.00%	8.00%
Tier 1 (Core) capital to risk-weighted assets, ratio (in hundredths)	6.00%	4.00%
Common Equity Tier 1 Capital assets, ratio (in hundredths)	4.50%
Tier 1 (Core) capital to average assets, ratio (in hundredths)	4.00%	4.00%
Bank [Member]
Capital Actual Amount Under Regulations [Abstract]
Total capital to risk-weighted assets, actual amount	$ 63,370	$ 56,400
Tier 1 (Core) capital to risk-weighted assets, actual amount	58,173	51,497
Common equity Tier I capital, actual amount	58,173
Tier 1 (Core) capital to average assets, actual amount	$ 58,173	$ 51,497
Capital Actual Ratio [Abstract]
Total capital to risk-weighted assets, actual ratio (in hundredths)	15.52%	14.74%
Tier 1 (Core) capital to risk-weighted assets, actual ratio (in hundredths)	14.24%	13.45%
Common Equity Tier One Risk Based Capital To Risk Weighted Assets	14.24%
Tier 1 (Core) capital to average assets, actual ratio (in hundredths)	11.71%	10.31%
For Capital Adequacy Purposes Amount [Abstract]
Total capital to risk-weighted assets, amount	$ 32,670	$ 30,619
Tier 1 (Core) capital to risk-weighted assets, amount	24,503	15,310
Common Equity Tier 1 Capital assets, amount	18,377
Tier 1 (Core) capital to average assets, amount	$ 19,871	$ 19,980
For Capital Adequacy Purposes Ratio [Abstract]
Total capital to risk-weighted assets, ratio (in hundredths)	8.00%	8.00%
Tier 1 (Core) capital to risk-weighted assets, ratio (in hundredths)	6.00%	4.00%
Common Equity Tier 1 Capital assets, ratio (in hundredths)	4.50%
Tier 1 (Core) capital to average assets, ratio (in hundredths)	4.00%	4.00%
To Be Well Capitalized Under Prompt Corrective Action Provision Amount [Abstract]
Total capital to risk-weighted assets, amount	$ 40,838	$ 38,274
Tier 1 (Core) capital to risk-weighted assets, amount	32,670	22,964
Common Equity Tier 1 risk based capital required to be well capitalized	26,545
Tier 1 (Core) capital to average assets, amount	$ 24,839	$ 24,975
To Be Well Capitalized Under Prompt Corrective Action Provision Ratio [Abstract]
Total capital to risk-weighted assets, ratio (in hundredths)	10.00%	10.00%
Tier 1 (Core) capital to risk-weighted assets, ratio (in hundredths)	8.00%	6.00%
Well capitalized ratios, Common Equity Tier 1 Capital (in hundredths)	6.50%
Tier 1 (Core) capital to average assets, ratio (in hundredths)	5.00%	5.00%