MVB Financial (MVBF) 10-K28 Mar 142013 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Dec. 31, 2013	Mar. 28, 2014	Jun. 30, 2013
Document and Entity Information	'	'	'
Entity Registrant Name	'MVB FINANCIAL CORP	'	'
Entity Central Index Key	'0001277902	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
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	'	'
Entity Public Float	'	'	$72,082,022
Entity Common Stock, Shares Outstanding	'	7,705,894	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Cash and cash equivalents:	'	'
Cash and due from banks	$28,907	$21,637
Interest bearing balances with banks	10,936	3,703
Total cash and cash equivalents	39,843	25,340
Certificates of deposit with other banks	9,427	9,427
Investment Securities:	'	'
Securities available-for-sale	106,411	79,378
Securities held-to-maturity (fair value of $54,118 for 2013 and $36,218 for 2012)	56,670	35,370
Loans held for sale	89,186	85,529
Loans:	622,305	446,443
Less: Allowance for loan losses	-4,935	-4,076
Net Loans	617,370	442,367
Premises and equipment	16,919	11,354
Bank owned life insurance	16,062	10,524
Accrued interest receivable and other assets	17,393	9,858
Goodwill	17,779	17,622
TOTAL ASSETS	987,060	726,769
Deposits:	'	'
Non-interest bearing	63,336	54,620
Interest bearing	632,475	431,899
Total Deposits	695,811	486,519
Accrued interest payable and other liabilities	6,878	6,726
Repurchase agreements	81,578	70,234
FHLB and other borrowings	104,647	91,617
Subordinated debt	4,124	4,124
Total Liabilities	893,038	659,220
STOCKHOLDERS' EQUITY	'	'
Preferred stock, par value $1,000; 20,000 shares authorized and 8,500 shares issued	8,500	8,500
Common stock, par value $1; 10,000,000 and 4,000,000 shares authorized; 7,705,894 and 2,932,901 shares issued; and 7,654,817 and 2,881,824 shares outstanding in 2013 and 2012, respectively	7,706	2,933
Additional paid-in capital	68,518	48,750
Retained earnings	13,343	9,945
Accumulated other comprehensive loss	-2,961	-1,495
Treasury Stock, 51,077 shares, at cost	-1,084	-1,084
Total Stockholders' Equity	94,022	67,549
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$987,060	$726,769

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Consolidated Balance Sheets	'	'
Securities held-to-maturity, fair value	$54,118	$36,218
Preferred stock, par value (in dollars per share)	$1,000	$1,000
Preferred stock, shares authorized	20,000	20,000
Preferred stock, shares issued	8,500	8,500
Common stock, par value (in dollars per share)	$1	$1
Common stock, shares authorized	10,000,000	4,000,000
Common stock, shares issued	7,705,894	2,932,901
Common stock, shares outstanding	7,654,817	2,881,824
Treasury stock, shares	51,077	51,077

Consolidated_Statements_of_Inc

Consolidated Statements of Income (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
INTEREST INCOME	'	'
Interest and fees on loans	$22,757	$19,105
Interest on deposits with other banks	200	204
Interest on investment securities - taxable	1,348	1,457
Interest on tax exempt loans and securities	2,240	1,488
Total interest income	26,545	22,254
INTEREST EXPENSE	'	'
Interest on deposits	3,977	3,866
Interest on repurchase agreements	567	511
Interest on FHLB and other borrowings	926	466
Interest on subordinated debt	79	87
Total interest expense	5,549	4,930
NET INTEREST INCOME	20,996	17,324
Provision for loan losses	2,260	2,800
Net interest income after provision for loan losses	18,736	14,524
NONINTEREST INCOME	'	'
Service charges on deposit accounts	623	730
Income on bank owned life insurance	460	343
Visa debit card income	558	471
Income on loans held for sale	21,895	3,850
Capitalized servicing retained income	826	591
Insurance income	1,722	'
Gain on sale of securities	145	638
Gain on sale of subsidiary	626	'
Other operating income	2,005	1,126
Total noninterest income	28,860	7,749
NONINTEREST EXPENSES	'	'
Salaries and employee benefits	27,067	9,266
Occupancy expense	1,814	852
Equipment depreciation and maintenance	1,282	717
Data processing	1,180	612
Mortgage processing	2,417	'
Visa debit card expense	475	387
Advertising	1,444	647
Legal and accounting fees	1,273	396
Printing, stationery and supplies	503	200
Consulting fees	641	1,022
FDIC insurance	489	302
Other operating expenses	4,008	2,038
Total noninterest expense	42,593	16,439
Income before income taxes	5,003	5,834
Income tax expense	983	1,666
Net Income	4,020	4,168
Preferred stock dividends	85	136
Net Income available to common shareholders	$3,935	$4,032
Earnings per share - basic (in dollars per share)	$0.59	$0.92
Earnings per share - diluted (in dollars per share)	$0.57	$0.90
Weighted average shares outstanding - basic (in shares)	6,657,093	4,388,650
Weighted average shares outstanding - diluted (in shares)	6,939,028	4,509,234

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Consolidated Statements of Comprehensive Income	'	'
Net Income	$4,020	$4,168
Other comprehensive loss:	'	'
Unrealized holding losses on securities available-for-sale	-3,005	-996
Income tax effect	1,202	398
Reclassification adjustment for gain recognized in income	145	638
Income tax effect	-58	-255
Change in defined benefit pension plan	415	-898
Income tax effect	-165	360
Total other comprehensive loss	-1,466	-753
Comprehensive income	$2,554	$3,415

Consolidated_Statements_of_Cha

Consolidated Statements of Changes in Stockholders' Equity (USD $)	Total	Preferred Stock	Common Stock	Additional Paid-in-Capital	Retained Earnings	Accumulated Other Comprehensive (Loss)	Treasury Stock
Balance at Dec. 31, 2011	$47,732,000	$8,500,000	$2,235,000	$32,603,000	$6,220,000	($742,000)	($1,084,000)
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Net Income	4,168,000	'	'	'	4,168,000	'	'
Other comprehensive loss	-753,000	'	'	'	'	-753,000	'
Cash dividends paid ($0.07 and $0.08 per share for the years ended 2013 and 2012 respectively)	-307,000	'	'	'	-307,000	'	'
Dividends on preferred stock	-136,000	'	'	'	-136,000	'	'
Common stock issuance	13,734,000	'	573,000	13,161,000	'	'	'
Dividend reinvestment plan proceeds	973,000	'	42,000	931,000	'	'	'
Stock based compensation	138,000	'	'	138,000	'	'	'
Stock issuance from acquisition	2,000,000	'	83,000	1,917,000	'	'	'
Balance at Dec. 31, 2012	67,549,000	8,500,000	2,933,000	48,750,000	9,945,000	-1,495,000	-1,084,000
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Net Income	4,020,000	'	'	'	4,020,000	'	'
Other comprehensive loss	-1,466,000	'	'	'	'	-1,466,000	'
Cash dividends paid ($0.07 and $0.08 per share for the years ended 2013 and 2012 respectively)	-537,000	'	'	'	-537,000	'	'
Dividends on preferred stock	-85,000	'	'	'	-85,000	'	'
Common stock issuance	23,109,000	'	866,000	22,243,000	'	'	'
Stock split	'	'	3,853,000	-3,853,000	'	'	'
Dividend reinvestment plan proceeds	913,000	'	32,000	881,000	'	'	'
Stock based compensation	196,000	'	'	196,000	'	'	'
Common stock options exercised	323,000	'	22,000	301,000	'	'	'
Balance at Dec. 31, 2013	$94,022,000	$8,500,000	$7,706,000	$68,518,000	$13,343,000	($2,961,000)	($1,084,000)

Consolidated_Statements_of_Cha1

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Consolidated Statements of Changes in Stockholders' Equity	'	'
Cash dividends paid, per share (in dollars per share)	$0.08	$0.07

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
OPERATING ACTIVITIES	'	'
Net Income	$4,020	$4,168
Adjustments to reconcile net income to net cash provided by (used in) operating activities:	'	'
Net amortization and accretion of investments	1,041	1,240
Net amortization of deferred loan fees	168	-63
Provision for loan losses	2,260	2,800
Depreciation and amortization	936	533
Stock based compensation	196	138
Loans originated for sale	-1,022,544	-160,367
Proceeds of loans sold	1,040,782	146,068
Gain on sale of loans held for resale	-21,895	-3,850
Gain on sale of investment securities	-145	-638
Gain on sale of subsidiary	-626	'
Income on bank owned life insurance	-460	-343
Deferred taxes	494	-144
Other, net	-3,073	-477
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	1,154	-10,935
INVESTING ACTIVITIES	'	'
Purchases of investment securities available-for-sale	-56,995	-61,207
Purchases of investment securities held-to-maturity	-21,600	-22,046
Maturities/paydowns of investment securities available-for-sale	11,269	31,624
Maturities/paydowns of investment securities held-to-maturity	'	115
Sales of investment securities available-for-sale	15,237	48,617
Purchases of premises and equipment	-6,501	-3,859
Net increase in loans	-101,853	-74,610
Loans purchased	-76,052	'
Purchases of restricted bank stock	-12,226	-2,447
Redemptions of restricted bank stock	8,757	1,622
Maturities of certificates of deposit with banks	'	491
Proceeds from sale of other real estate owned	278	215
Proceeds from sale of subsidiary	725	'
Acquisition of mortgage company, net of cash acquired	'	-15,646
Purchase of bank owned life insurance	-5,078	-2,105
NET CASH USED IN INVESTING ACTIVITIES	-244,039	-99,236
FINANCING ACTIVITIES	'	'
Net increase in deposits	209,292	95,974
Net increase (decrease) in repurchase agreements	11,344	-7,601
Net change in short-term FHLB borrowings	15,945	23,065
Principal payments on FHLB borrowings	-2,916	-232
Proceeds from stock offering	23,109	13,734
Common stock options exercised	323	'
Dividend reinvestment plan proceeds	913	973
Cash dividends paid on common stock	-537	-307
Cash dividends paid on preferred stock	-85	-136
NET CASH PROVIDED BY FINANCING ACTIVITIES	257,388	125,470
Increase in cash and cash equivalents	14,503	15,299
Cash and cash equivalents at beginning of period	25,340	10,041
Cash and cash equivalents at end of period	39,843	25,340
Supplemental disclosure of cash flow information	'	'
Loans transferred to other real estate owned	472	284
Cash payments for:	'	'
Interest	5,551	4,922
Income taxes	863	1,184
Issuance of stock in acquisition	'	$2,000

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Business and Organization

	MVB Financial Corp. (“the Company”) was formed on January 1, 2004, as a bank holding company and, effective December 19, 2012, became a financial holding company. The Company features multiple subsidiaries and affiliated businesses, including MVB Bank, Inc. (the “Bank” or “MVB Bank”) and its wholly-owned subsidiary MVB Mortgage and MVB Insurance, LLC (“MVB Insurance”).

	The Bank was formed on October 30, 1997 and chartered under the laws of the State of West Virginia. The Bank commenced operations on January 4, 1999. As of December 31, 2013, the bank operates nine full-service banking branches in Marion, Harrison, Monongalia, Jefferson and Berkley counties, West Virginia and loan production offices in Harrison and Kanawha Counties in West Virginia The Bank serves individual and corporate customers and is subject to competition from other financial institutions and intermediaries with respect to these services. The Company and Bank are regulated by the West Virginia Division of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC).

	During 2012, the Bank acquired Potomac Mortgage Group, Inc. (“PMG” which, following July 15, 2013, began doing business under the registered trade name “MVB Mortgage”), a mortgage company in the northern Virginia area, and fifty percent (50%) interest in a mortgage services company, Lender Service Provider, LLC (“LSP”). In the third quarter of 2013, this fifty percent (50%) interest in LSP was reduced to a twenty-five percent (25%) interest through a sale of a partial interest. This PMG acquisition provided the Company and the Bank the opportunity to make the mortgage banking operation a much more significant line of business to further diversify its net income stream. MVB Mortgage has three mortgage only offices, all located in northern Virginia, within the Washington, District of Columbia / Baltimore, Maryland metropolitan area, and, in addition, has mortgage loan originators located at select Bank locations.

	MVB Insurance was originally formed in 2000 and reinstated in 2005, as a Bank subsidiary. Effective June 1, 2013, MVB Insurance became a direct subsidiary of the Company. MVB Insurance offers select insurance products such as title insurance, individual insurance, commercial insurance, employee benefits insurance, and professional liability insurance. MVB Insurance maintains its headquarters in Fairmont, West Virginia, and operates offices in Morgantown, West Virginia and Triadelphia, West Virginia.

	A summary of significant accounting and reporting policies applied in the presentation of the accompanying financial statements follows:

	Basis of Presentation

	The financial statements are consolidated to include the accounts of the Company and its subsidiaries and affiliated businesses, MVB Insurance, LLC, and MVB Bank, Inc. and its wholly-owned subsidiary, MVB Mortgage. These statements have been prepared in accordance with U.S. generally accepted accounting principles. All significant inter-company accounts and transactions have been eliminated in the consolidated financial statements.

	In preparing the financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses for the period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change relate to determination of the allowance for loan losses and deferred tax assets and liabilities.

	Operating Segments

	An operating segment is defined as a component of an enterprise that engages in business activities that generates revenue and incurs expense, and the operating results of which are reviewed by the chief operating decision maker in the determination of resource allocation and performance. While the Company’s chief decision makers monitor the revenue streams of the various Company’s products and services, operations are managed and financial performance is evaluated on a Company-wide basis. During 2013, due to the formation of the insurance subsidiary and increased mortgage banking activity, the Company’s business activities include three primary segments: commercial and retail banking, mortgage banking and insurance services.

	Cash and Cash Equivalents

	Cash equivalents include cash on hand, deposits in banks and interest-earning deposits. Interest-earning deposits with original maturities of 90 or less are considered cash equivalents. Net cash flows are reported for loan, deposits and short term borrowing transactions.

	Management Estimates

	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates, such as the allowance for loan losses, are based upon known facts and circumstances. Estimates are revised by management in the period such facts and circumstances change. Actual results could differ from these estimates.

	Loans Held for Sale

	Through multiple secondary market investors, MVB Bank, Inc. has the ability to offer customers long-term fixed rate mortgage products without holding these instruments in the bank’s loan portfolio. MVB values loans held for sale at fair value.

	Derivative Financial Instruments

	The Company enters into commitments to originate mortgage loans whereby the interest rate on the loan is determined prior to funding (rate lock commitments). Rate lock commitments on mortgage loans that are intended to be sold are considered to be derivatives. The period of time between issuance of a loan commitment and closing and sale of the loan generally ranges from 30 to 120 days. The Company protects itself from changes in interest rates through the use of both mandatory delivery arrangements and best efforts forward delivery commitments, whereby the Company commits to sell a loan at the time the borrower commits to an interest rate with the intent that the buyer has assumed interest rate risk on the loan. As a result, the Company is not exposed to losses and will not realize significant gains related to its rate lock commitments due to changes in interest rates. The correlation between the rate lock commitments and the best efforts contracts is very high due to their similarity.

	The fair value of rate lock commitments and best efforts contracts is not readily ascertainable with precision because rate lock commitments and best efforts contracts are not actively traded in stand-alone-markets. The Company determines the fair value of rate lock commitments and best efforts contracts by measuring the change in the value of the underlying asset while taking into consideration the probability that the rate lock commitments will close. Because of the high correlation between rate lock commitments and best efforts contracts, no gain or loss occurs on the rate lock commitments.

	Loans and Allowance for Loan Losses

	Loans are stated at the amount of unpaid principal reduced by an allowance for loan losses. Loans are considered delinquent when scheduled principal or interest payments are 31 days past due. Interest income on loans is recognized on an accrual basis. The allowance for loan losses is maintained at a level deemed adequate to absorb probable losses inherent in the loan portfolio. The Company consistently applies a quarterly loan review process to continually evaluate loans for changes in credit risk. This process serves as the primary means by which the Company evaluates the adequacy of the allowance for loan losses, and is based upon periodic review of the collectability of loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available.

	The allowance consists of specific and general components. The specific component relates to loans that are impaired. The general component covers non-classified loans and is based upon historical loss experience adjusted for qualitative factors.

	The Company allocates the allowance based on the factors described below, which conform to the Company’s loan classification policy. In reviewing risk within the Bank’s loan portfolio, management has determined there to be several different risk categories within the loan portfolio. The allowance for loan losses consists of amounts applicable to: (i) residential real estate loans; (ii) commercial and commercial real estate secured loans; (iii) home equity loans; (iv) consumer and other loans. Factors considered in this process include general loan terms, collateral, and availability of historical data to support the analysis. Historical loss percentages for each risk category are calculated and used as the basis for calculating allowance allocations. Certain qualitative factors are evaluated to determine additional inherent risks in the loan portfolio, which are not necessarily reflected in the historical loss percentages. These factors are then added to the historical allocation percentage to get the adjusted factor to be applied to non-classified loans. The following qualitative factors are analyzed:

	· Lending policies and procedures

	· Change in volume and severity of past due loans

	· Nature and volume of the portfolio
	· Experience and ability of management
	· Volume and severity of problem credits
	· Results of loan reviews
	· National, state, regional and local economic trends and business conditions

	· General economic conditions
	· Unemployment rates
	· Inflation / CPI
· Changes in values of underlying collateral for collateral-dependent loans

· Value of underlying collateral
· Existence and effect of any credit concentrations, and changes in the level of such concentrations

The Company analyzes its loan portfolio each quarter to determine the appropriateness of its allowance for loan losses.

A loan is considered impaired when, based upon current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and shortages generally are not classified as impaired. Generally the Company considers impaired loans to include loans classified as non-accrual loans and loans past due for longer than 90 days.

Accounting standards require that loan origination and commitment fees and direct loan origination costs be deferred and the net amount amortized as an adjustment of the related loan’s yield.

Troubled Debt Restructurings (TDRs)

A restructuring of debt constitutes a TDR if the creditor for economic or legal reasons related to the debtor’s financial difficulties grants a concession to the debtor that it would not otherwise consider. The determination of whether a concession has been granted includes an evaluation of the debtor’s ability to access funds at a market rate for debt with similar risk characteristics and among other things, the significance of the modification relative to unpaid principal or collateral value of the debt, and/or the significance of a delay in the timing of payments relative to the frequency of payments, original maturity date or the expected duration of the loan. The most common concessions granted generally include one or more modifications to the terms of the debt such as a reduction in the interest rate for the remaining life of the debt, an extension of the maturity date at an interest rate lower than the current market rate for new debt with similar risk, or reduction of the unpaid principal or interest. All TDRs are considered impaired loans.

Mortgage Servicing Rights

Mortgage servicing rights (MSRs) are recorded when the Bank sells mortgage loans and retains the servicing on those loans. On a monthly basis, MVB tracks the amount of mortgage loans that are sold with servicing retained. A valuation is done to determine the MSR’s value, which is then recorded as an asset and amortized over the period of estimated net servicing revenues. The balance of MSR’s is evaluated for impairment quarterly, and was determined not to be impaired at December 31, 2013 or 2012. Servicing loans for others generally consists of collecting mortgage payments from borrowers, maintaining escrow accounts, remitting payments to third party investors and when necessary, foreclosure processing. Serviced loans are not included in the Consolidated Balance Sheets. The amortization taken on the servicing asset for the years ended December 31, 2013 and 2012 was $369 and $47, respectively. At December 31, 2013 and 2012, total loans serviced for others totaled $248,491 and $89,295, respectively.

Premises and Equipment

Premises and equipment are carried at cost less accumulated depreciation. The provision for depreciation is computed for financial reporting by the straight-line-method based on the estimated useful lives of assets, which range from 7 to 40 years on buildings and leasehold improvements and 3 to 10 years on furniture, fixtures and equipment.

Intangible Assets and Goodwill

The Company tests goodwill for impairment on an annual basis. If it is determined that the fair value of the reporting unit is less than the carrying value of the unit, the Company would be required to recognize impairment equal to the difference between the fair value and the carrying value. Based upon this assessment it was determined that goodwill was not impaired at December 31, 2013 or 2012. As of December 31, 2013 and 2012, the Company had goodwill of $17.8 million and $17.6 million.

Restricted Bank Stock

The Bank is a member of the FHLB of Pittsburgh and as such, is required to maintain a minimum investment in stock of the FHLB that varies with the level of advances outstanding with the FHLB. As of December 31, 2013 and 2012, the Bank holds $6,267 and $2,798, respectively. The stock is bought from and sold to the FHB based upon its $100 par value. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated by management. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (a) A significant decline in net assets of the FHLB as compared to the capital stock amount and the length of time this situation has persisted (b) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance (c) the impact of legislative and regulatory changes on the customer base of the FHLB and (d) the liquidity position of the FHLB. Management evaluated the stock and concluded that the stock was not impaired for the periods presented herein. Management considered that the FHLB’s regulatory capital ratios have improved in the most recent quarters, liquidity appears adequate, new shares of FHLB stock continue to exchange hands at the $100 par value and the FHLB has repurchased shares of excess capital stock from its members during 2012 and 2013 and has reinstituted the dividend.

Income Taxes

The Company and the Bank file a consolidated federal income tax return. Deferred tax assets and liabilities are computed based on the difference between the financial statement basis and income tax basis of assets and liabilities using the enacted marginal tax rates. Deferred income tax expenses or benefits are based on the changes in the net deferred tax asset or liability from period to period.

Stock Based Compensation

The Company accounts for stock-based compensation in accordance with generally accepted accounting standards. Under these standards the Company is required to record compensation expense for all awards granted after the date of adoption and for any unvested options previously granted.

Foreclosed Assets Held for Resale

Foreclosed assets held for resale acquired in satisfaction of mortgage obligations and in foreclosure proceedings are recorded at fair value less estimated selling costs at the time of foreclosure, with any valuation adjustments charged to the allowance for loan losses. Any gains or losses on sale are then recorded in other non-interest expense. At December 31, 2013 and 2012, the Company held other real estate of $375 and $207.

Earnings Per Share

Diluted net income per common share includes any dilutive effects of stock options, and is computed by dividing net income by the average number of common shares outstanding during the period less the preferred stock dividend, adjusted for the dilutive effect of options under the Company’s 2003 and 2013 Stock Incentive Plan.

		For the years ended
		December 31,
(Dollars in thousands except shares and per share data)		2013		2012

Numerator for both basic and diluted earnings per share:
Net Income		$	4,020	$	4,168
Less: Dividends on preferred stock		85		136
Net income available to common shareholders		$	3,935	$	4,032
Denominator:

Total average shares outstanding		6,657,093		4,388,650
Effect of dilutive stock options		281,935		120,584

Total diluted average shares outstanding		6,939,028		4,509,234

Earnings Per Share - Basic		$	0.59	$	0.92
Earnings Per Share - Diluted		$	0.57	$	0.9

Comprehensive Income

Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities and minimum pension liability, are reported as a separate component of the equity section of the Consolidated Balance Sheet, such items, along with net income, are components of comprehensive income.

Bank-owned life insurance

Bank-owned life insurance (“BOLI”) represents life insurance on the lives of certain Company employees who have provided positive consent allowing the Company to be the beneficiary of such policies. These policies are recorded at their cash surrender value, or the amount that can be realized upon surrender of the policy. Income from these policies is not subject to income taxes and is recorded as other income.

Advertising Costs

Advertising costs are expensed as incurred. Advertising expense was $1.4 million and $647,000 for 2013 and 2012, respectively.

Transfers of Financial Assets

Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (i) the assets have been isolated from the company, (ii) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (iii) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.

Reclassifications

Certain amounts in the 2012 financial statements have been reclassified to conform to the 2013 financial statement presentation.

Recent Accounting Pronouncements

In February 2013, the FASB issued ASU 2013-04, Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date. The ASU requires the measurement of obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed at the reporting date as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement with its co-obligors as well as any additional amount that the entity expects to pay on behalf of its co-obligors. The new standard is effective retrospectively for fiscal years and interim periods within those years, beginning after December 15, 2013, and early adoption is permitted. This ASU is not expected to have a significant impact on the Company’s financial statements.

In April 2013, the FASB issued ASU 2013-07, Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting. The amendments in this Update are being issued to clarify when an entity should apply the liquidation basis of accounting. In addition, the guidance provides principles for the recognition and measurement of assets and liabilities and requirements for financial statements prepared using the liquidation basis of accounting. The amendments require an entity to prepare its financial statements using the liquidation basis of accounting when liquidation is imminent. Liquidation is imminent when the likelihood is remote that the entity will return from liquidation and either (a) a plan for liquidation is approved by the person or persons with the authority to make such a plan effective and the likelihood is remote that the execution of the plan will be blocked by other parties or (b) a plan for liquidation is being imposed by other forces (for example, involuntary bankruptcy). If a plan for liquidation was specified in the entity’s governing documents from the entity’s inception (for example, limited-life entities), the entity should apply the liquidation basis of accounting only if the approved plan for liquidation differs from the plan for liquidation that was specified at the entity’s inception. The amendments are effective for entities that determine liquidation is imminent during annual reporting periods beginning after December 15, 2013, and interim reporting periods therein. Entities should apply the requirements prospectively from the day that liquidation becomes imminent. Early adoption is permitted. Entities that use the liquidation basis of accounting as of the effective date in accordance with other Topics (for example, terminating employee benefit plans) are not required to apply the amendments. Instead, those entities should continue to apply the guidance in those other Topics until they have completed liquidation. This ASU is not expected to have a significant impact on the Company’s financial statements.

In June 2013, the FASB issued ASU 2013-08, Financial Services — Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements. The amendments in this Update affect the scope, measurement, and disclosure requirements for investment companies under U.S. GAAP. The amendments do all of the following: 1. Change the approach to the investment company assessment in Topic 946, clarify the characteristics of an investment company, and provide comprehensive guidance for assessing whether an entity is an investment Company. 2. Require an investment company to measure noncontrolling ownership interests in other investment companies at fair value rather than using the equity method of accounting. 3. Require the following additional disclosures: (a) the fact that the entity is an investment company and is applying the guidance in Topic 946, (b) information about changes, if any, in an entity’s status as an investment company, and (c) information about financial support provided or contractually required to be provided by an investment company to any of its investees. The amendments in this Update are effective for an entity’s interim and annual reporting periods in fiscal years that begin after December 15, 2013. Earlier application is prohibited. This ASU is not expected to have a significant impact on the Company’s financial statements.

In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This Update applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. This ASU is not expected to have a significant impact on the Company’s financial statements.

In January 2014, FASB issued ASU 2014-01, Investments — Equity Method and Join Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. The amendments in this Update permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). The amendments in this Update should be applied retrospectively to all periods presented. A reporting entity that uses the effective yield method to account for its investments in qualified affordable housing projects before the date of adoption may continue to apply the effective yield method for those preexisting investments. The amendments in this Update are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. This ASU is not expected to have a significant impact on the Company’s financial statements.

In January 2014, the FASB issued ASU 2014-04, Receivables — Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The amendments in this Update clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity can elect to adopt the amendments in this Update using either a modified retrospective transition method or a prospective transition method. This ASU is not expected to have a significant impact on the Company’s financial statements.

INVESTMENT_SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2013
INVESTMENT SECURITIES	'
INVESTMENT SECURITIES	'
	NOTE 2. INVESTMENT SECURITIES

	Amortized cost and fair values of investment securities held-to-maturity at December 31, 2013, including gross unrealized gains and losses, are summarized as follows:

			Amortized			Unrealized			Unrealized			Fair
	(in thousands)		Cost			Gain			Loss			Value

	Municipal securities		$	56,670		$	367		$	(2,919	)	$	54,118
	Total investment securities held-to-maturity		$	56,670		$	367		$	(2,919	)	$	54,118

	Amortized cost and fair values of investment securities held-to-maturity at December 31, 2012, including gross unrealized gains and losses, are summarized as follows:

			Amortized			Unrealized			Unrealized			Fair
	(in thousands)		Cost			Gain			Loss			Value

	Municipal securities		$	35,370		$	988		$	(140	)	$	36,218
	Total investment securities held-to-maturity		$	35,370		$	988		$	(140	)	$	36,218

	Amortized cost and fair values of investment securities available-for-sale at December 31, 2013 are summarized as follows:

			Amortized			Unrealized			Unrealized			Fair
	(in thousands)		Cost			Gain			Loss			Value

	U. S. Agency securities		$	60,744		$	—		$	(1,922	)	$	58,822
	U.S. Sponsored Mortgage-backed securities		47,317			118			(843		)	46,592
	Total debt securities		108,061			118			(2,765		)	105,414
	Equity and other securities		810			187			—			997
	Total investment securities available-for-sale		$	108,871		$	305		$	(2,765	)	$	106,411

	Amortized cost and fair values of investment securities available-for-sale at December 31, 2012 are summarized as follows:

			Amortized			Unrealized			Unrealized			Fair
	(in thousands)		Cost			Gain			Loss			Value

	U. S. Agency securities		$	21,951		$	247		$	(6	)	$	22,192
	U.S. Sponsored Mortgage-backed securities		56,217			328			(169		)	56,376
	Total debt securities		78,168			575			(175		)	78,568
	Equity and other securities		810			—			—			810
	Total investment securities available-for-sale		$	78,978		$	575		$	(175	)	$	79,378

	The following tables summarize amortized cost and fair values of debt securities by maturity:

			December 31, 2013
			Held to Maturity						Available for sale
						Approximate
			Amortized			Fair			Amortized			Fair
			Cost			Value			Cost			Value

	Within one year		$	—		$	—		$	—		$	—
	After one year, but within five		1,707			1,749			24,857			24,456
	After five years, but within ten		14,062			13,928			47,208			45,698
	After ten Years		40,901			38,441			35,996			35,260
	Total		$	56,670		$	54,118		$	108,061		$	105,414

	Investment securities with a carrying value of $152,193 and $98,209 at December 31, 2013 and 2012, respectively, were pledged to secure public funds, repurchase agreements and potential borrowings at the Federal Reserve discount window.

	The Company’s investment portfolio includes securities that are in an unrealized loss position as of December 31, 2013, the details of which are included in the following table. Although these securities, if sold at December 31, 2013 would result in a pretax loss of $5,684, the Company has no intent to sell the applicable securities at such fair values, and maintains the Company has the ability to hold these securities until all principal has been recovered. Declines in the fair values of these securities can be traced to general market conditions which reflect the prospect for the economy as a whole. When determining other-than-temporary impairment on securities, the Company considers such factors as adverse conditions specifically related to a certain security or to specific conditions in an industry or geographic area, the time frame securities have been in an unrealized loss position, the Company’s ability to hold the security for a period of time sufficient to allow for anticipated recovery in value, whether or not the security has been downgraded by a rating agency, and whether or not the financial condition of the security issuer has severely deteriorated. As of December 31, 2013, the Company considers all securities with unrealized loss positions to be temporarily impaired, and consequently, does not believe the Company will sustain any material realized losses as a result of the current temporary decline in fair value.

	The following table discloses investments in an unrealized loss position at December 31, 2013:

	(in thousands)		Less than 12 months						12 months or more
	Description and		Fair Value			Unrealized			Fair Value			Unrealized
	number of positions					Loss						Loss

U.S. Agency securities (19)		$	58,822		$	(1,922	)	$	—		$	—
U.S. Sponsored Mortgage-backed securities (18)		14,969			(113		)	19,781			(730		)
Municipal securities (103)		35,502			(2,535		)	4,471			(384		)
		$	109,293		$	(4,570	)	$	24,252		$	(1,114	)

The following table discloses investments in an unrealized loss position at December 31, 2012:

(in thousands)		Less than 12 months						12 months or more
Description and		Fair Value			Unrealized			Fair Value			Unrealized
number of positions					Loss						Loss

U.S. Agency securities (3)		$	9,676		$	(6	)	$	—		$	—
U.S. Sponsored Mortgage-backed securities (11)		28,688			(169		)	—			—
Municipal securities (28)		11,216			(140		)	—			—
		$	49,580		$	(315	)	$	—		$	—

The Company sold investments available-for-sale of $15.2 million and $48.6 million in 2013 and 2012, respectively. These sales resulted in gains of $145 and $665 in 2013 and 2012, respectively. Losses on the sale of investments available-for-sale totaled $0 and $27 in 2013 and 2012, respectively.

LOANS_AND_ALLOWANCE_FOR_LOAN_L

LOANS AND ALLOWANCE FOR LOAN LOSSES	12 Months Ended
LOANS AND ALLOWANCE FOR LOAN LOSSES	Dec. 31, 2013
LOANS AND ALLOWANCE FOR LOAN LOSSES	'
LOANS AND ALLOWANCE FOR LOAN LOSSES	'
	NOTE 3. LOANS AND ALLOWANCE FOR LOAN LOSSES

	The Company routinely generates 1-4 family mortgages for sale into the secondary market. During 2013 and 2012, the Company recognized sales proceeds of $1.0 billion and $146.1 million, resulting in gains on loans held for sale of $21.9 million and $3.8 million, respectively.

	The components of loans in the Consolidated Balance Sheet at December 31, were as follows:

	(in thousands)		2013			2012

	Commercial and non-residential real estate		$	457,388		$	299,639
	Residential real estate		118,204			113,212
	Home equity		27,797			16,800
	Installment		18,285			16,174
	Credit card		631			618
			$	622,305		$	446,443

	As of December 31, 2013 and 2012, net deferred fees and costs of $1,462 and $785, respectively, were included in the carrying value of loans.

	The following table summarizes the primary segments of the loan portfolio as of December 31, 2013 and 2012 (in thousands):

			Commercial			Residential			Home			Installment			Credit			Total
			Commercial			Residential			Equity			Installment			Cards			Total
	31-Dec-13
	Individually evaluated for impairment		$	6,254		$	261		$	28		$	92		$	1		$	6,636
	Collectively evaluated for impairment		451,134			117,943			27,769			18,193			630			615,669
	Total Loans		$	457,388		$	118,204		$	27,797		$	18,285		$	631		$	622,305
	31-Dec-12
	Individually evaluated for impairment		$	3,074		$	43		$	—		$	1		$	—		$	3,118
	Collectively evaluated for impairment		296,565			113,169			16,800			16,173			618			443,325
	Total Loans		$	299,639		$	113,212		$	16,800		$	16,174		$	618		$	446,443

	Loans are considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in evaluating impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Company also separately evaluates individual consumer and residential mortgage loans for impairment. The Chief Credit Officer identifies these loans individually by monitoring the delinquency status of the Bank’s portfolio. Once identified, the Bank’s ongoing communications with the borrower allow Management to evaluate the significance of the payment delays and the circumstances surrounding the loan and the borrower. A collateral evaluation is completed when it is determined that the loan is impaired.

	Once the determination has been made that a loan is impaired, the determination of whether a specific allocation of the allowance is necessary is measured by comparing the recorded investment in the loan to the fair value of the loan using one of three methods: (a) the present value of expected future cash flows discounted at the loan’s effective interest rate; (b) the loan’s observable market price; or (c) the fair value of the collateral less selling costs. The method is selected on a loan-by-loan basis, with management primarily utilizing the fair value of collateral method. The evaluation of the need and amount of a specific allocation of the allowance and whether a loan can be removed from impairment status is made on a quarterly basis.

	The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of December 31, 2013 and 2012 (in thousands):

									Impaired
									Loans with
									No
			Impaired Loans with						Specific
			Specific Allowance						Allowance			Total Impaired Loans
															Unpaid
			Recorded			Related			Recorded			Recorded			Principal
			Investment			Allowance			Investment			Investment			Balance
	31-Dec-13

	Commercial		$	6,134		$	1,243		$	120		$	6,254		$	6,254
	Residential		261			175			—			261			261
	Home Equity		28			28			—			28			28
	Installment		24			11			68			92			92
	Credit Card		1			1			—			1			1
	Total impaired loans		$	6,448		$	1,458		$	188		$	6,636		$	6,636

	31-Dec-12

	Commercial		$	3,074		$	683		$	—		$	3,074		$	3,074
	Residential		43			16			—			43			43
	Installment		1			24			—			1			1
	Total impaired loans		$	3,118		$	723		$	—		$	3,118		$	3,118

	The following table presents the average recorded investment in impaired loans and related interest income recognized for the years ended (in thousands):

			December 31,
		2013			2012
Average investment in impaired loans		$	4,623		$	2,970
Interest income recognized on an accrual basis on impaired loans		$	180		$	112

Management uses a nine point internal risk rating system to monitor the credit quality of the overall loan portfolio. The first six categories are considered not criticized, and are aggregated as “Pass” rated. The criticized rating categories utilized by management generally follow bank regulatory definitions. The Special Mention category includes assets that are currently protected but are potentially weak, resulting in an undue and unwarranted credit risk, but not to the point of justifying a Substandard classification. Loans in the Substandard category have well-defined weaknesses that jeopardize the liquidation of the debt, and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. All loans greater than 90 days past due are considered Substandard. The portion of any loan that represents a specific allocation of the allowance for loan losses is placed in the Doubtful category. Any portion of a loan that has been charged off is placed in the Loss category.

To help ensure that risk ratings are accurate and reflect the present and future capacity of borrowers to repay a loan as agreed, the Bank has a structured loan rating process with several layers of internal and external oversight. Generally, consumer and residential mortgage loans are included in the Pass categories unless a specific action, such as bankruptcy, repossession, or death occurs to raise awareness of a possible credit event. The Bank’s Chief Credit Officer is responsible for the timely and accurate risk rating of the loans in the portfolio at origination and on an ongoing basis. The Credit Department performs an annual review of all commercial relationships $750,000 or greater. Confirmation of the appropriate risk grade is included in the review on an ongoing basis. The Bank has an experienced Credit Department that continually reviews and assesses loans within the portfolio. The Credit Department compiles detailed reviews, including plans for resolution, on loans classified as Substandard on a quarterly basis. Loans in the Special Mention and Substandard categories that are collectively evaluated for impairment are given separate consideration in the determination of the allowance.

The following table represents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of December 31, 2013 and 2012 (in thousands):

					Special
		Pass			Mention			Substandard			Doubtful			Total
31-Dec-13
Commercial		$	437,474		$	11,566		$	8,348		$	—		$	457,388
Residential		115,283			2,660			261			—			118,204
Home Equity		27,662			107			28			—			27,797
Installment		17,579			614			92			—			18,285
Credit Card		628			2			1			—			631
Total		$	598,626		$	14,949		$	8,730		$	—		$	622,305

31-Dec-12
Commercial		$	286,472		$	8,646		$	1,770		$	2,751		$	299,639
Residential		110,663			2,260			289			—			113,212
Home Equity		16,540			260			—			—			16,800
Installment		15,806			354			13			1			16,174
Credit Card		589			29			—			—			618
Total		$	430,070		$	11,549		$	2,072		$	2,752		$	446,443

Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of December 31, 2013 and 2012 (in thousands):

		Current			30-59			60-89			90			Total			Total			Non-		90+ Days
					Days			Days			Days +			Past			Loans			Accrual		Still
					Past Due			Past Due			Past			Due								Accruing
											Due
31-Dec-13
Commercial		$	456,580		$	216		$	24		$	284		$	524		$	457,388		$	284	$	—
Residential		116,121			1,401			193			460			2,054			$	118,204		29		431
Home Equity		27,741			28			—			28			56			$	27,797		—		28
Installment		18,043			90			—			76			166			$	18,285		76		—
Credit Card		628			2			—			1			3			$	631		—		1
Total		$	619,113		$	1,737		$	217		$	849		$	2,803		$	622,305		$	389	$	460

31-Dec-12
Commercial		$	292,214		$	767		$	221		$	3,356		$	4,344		$	299,639		$	3,081	$	275
Residential		111,010			1,772			293			94			2,159			113,212			43		51
Home Equity		16,772			28			—			—			28			16,800			—		—
Installment		15,990			179			—			4			183			16,174			1		3
Credit Card		589			24			5			—			29			618			—		—
Total		$	436,575		$	2,770		$	519		$	3,454		$	6,743		$	446,443		$	3,125	$	329

An allowance for loan losses (“ALL”) is maintained to absorb losses from the loan portfolio. The ALL is based on management’s continuing evaluation of the risk characteristics and credit quality of the loan portfolio, assessment of current economic conditions, diversification and size of the portfolio, adequacy of collateral, past and anticipated loss experience, and the amount of non-performing loans.

Interest income on loans would have increased by approximately $47 and $144 for 2013 and 2012, respectively, if loans had performed in accordance with their terms.

The Bank’s methodology for determining the ALL is based on the requirements of ASC Section 310-10-35 for loans individually evaluated for impairment (discussed above) and ASC Subtopic 450-20 for loans collectively evaluated for impairment, as well as the Interagency Policy Statements on the Allowance for Loan and Lease Losses and other bank regulatory guidance. The total of the two components represents the Bank’s ALL.

Loans that are collectively evaluated for impairment are analyzed with general allowances being made as appropriate. For general allowances, historical loss trends are used in the estimation of losses in the current portfolio. These historical loss amounts are modified by qualified factors.

The classes described above, which are based on the Federal call code assigned to each loan, provide the starting point for the ALL analysis. Management tracks the historical net charge-off activity at the call code level. A historical charge-off factor is calculated utilizing a defined number of consecutive historical quarters. Commercial, Residential, Home Equity, Installment and Credit Card pools currently utilize a rolling 12 quarters.

“Pass” rated credits are segregated from “Criticized” credits for the application of qualitative factors. Loans in the criticized pools, which possess certain qualities or characteristics that may lead to collection and loss issues, are closely monitored by management and subject to additional qualitative factors.

Management has identified a number of additional qualitative factors which it uses to supplement the historical charge-off factor because these factors are likely to cause estimated credit losses associated with the existing loan pools to differ from historical loss experience. The additional factors that are evaluated quarterly and updated using information obtained from internal, regulatory, and governmental sources are: national and local economic trends and conditions; levels of and trends in delinquency rates and non-accrual loans; trends in volume and terms of loans; effects of changes in lending policies; experience, ability, and depth of lending staff; value of underlying collateral; and concentrations of credit from a loan type, industry and/or geographic standpoint.

Loans that are 90 days past due and still accruing are both adequately secured and in the process of collection.

Management reviews the loan portfolio on a quarterly basis using a defined, consistently applied process in order to make appropriate and timely adjustments to the ALL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ALL.

The following table summarizes the primary segments of the ALL, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of December 31, 2013 and 2012. Activity in the allowance is presented for the years ended December 31, 2013 and 2012 (in thousands):

								Home						Credit
		Commercial			Residential			Equity			Installment			Card			Total
ALL balance at December 31, 2012		$	3,107		$	514		$	242		$	200		$	13		$	4,076
Charge-offs		(1,458		)	(38		)	—			(12		)	(21		)	(1,529		)
Recoveries		57			60			10			1			—			128
Provision		1,903			(17		)	302			50			22			2,260
ALL balance at December 31, 2013		$	3,609		$	519		$	554		$	239		$	14		$	4,935
Individually evaluated for impairment		$	1,243		$	175		$	28		$	11		$	1		$	1,458
Collectively evaluated for impairment		$	2,366		$	344		$	526		$	228		$	13		$	3,477

								Home						Credit
		Commercial			Residential			Equity			Installment			Card			Total
ALL balance at December 31, 2011		$	2,164		$	366		$	249		$	255		$	11		$	3,045
Charge-offs		(1,731		)	—			(9		)	(51		)	—			(1,791		)
Recoveries		5			—			5			12			—			22
Provision		2,669			148			(3		)	(16		)	2			2,800
ALL balance at December 31, 2012		$	3,107		$	514		$	242		$	200		$	13		$	4,076
Individually evaluated for impairment		$	683		$	16		$	—		$	24		$	—		$	723
Collectively evaluated for impairment		$	2,424		$	498		$	242		$	176		$	13		$	3,353

During late 2013, the Bank purchased $74.3 million in commercial loans in the northern Virginia area. Because these purchased loans were marked to fair value at the time they were recorded on the balance sheet, there is no consideration given to these loans in the calculation of the allowance for loan losses.

The provision for the commercial portfolio decreased $766 during 2013 to $1,903 as of December 31, 2013. This decrease was the result of decreasing charge-off trends and an improving commercial loan portfolio. The provision for the home equity loan portfolio increased $305 during 2013 as a result of growth in home equity loans.

The allowance for loan losses is based on estimates, and actual losses will vary from current estimates. Management believes that the granularity of the homogeneous pools and the related historical loss ratios and other qualitative factors, as well as the consistency in the application of assumptions, result in an ALL that is representative of the risk found in the components of the portfolio at any given date.

Troubled Debt Restructurings

The restructuring of a loan is considered a “troubled debt restructuring” if both (i) the borrower is experiencing financial difficulties and (ii) the creditor has granted a concession. Concessions may include interest rate reductions or below market interest rates, principal forgiveness, restructuring amortization schedules and other actions intended to minimize potential losses. Troubled debt restructurings during 2013 and 2012 are set forth in the following table. No TDR’s have defaulted.

At December 31, 2013 and 2012, the Bank had specific reserve allocations for TDR’s of $268 and $154, respectively.

The following table presents details related to loans identified as Troubled Debt Restructurings during the years ended December 31, 2013 and 2012.

		December 31, 2013								December 31, 2012
(Dollars in thousands)		Number		Pre-			Post-			Number		Pre-			Post-
		of		Modification			Modification			of		Modification			Modification
		Contracts		Outstanding			Outstanding			Contracts		Outstanding			Outstanding
				Recorded			Recorded					Recorded			Recorded
				Investment			Investment					Investment			Investment

Commercial		6		$	4,820		$	4,702		3		$	1,235		$	1,235
Home equity		1		28			28			—		—			—
Installment		3		8			6			3		13			13
Total		10		$	4,856		$	4,736		6		$	1,248		$	1,248

(1) The pre-modification and post-modification balances represent the balances outstanding immediately before and after modification of the loan.

PREMISES_AND_EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2013
PREMISES AND EQUIPMENT	'
PREMISES AND EQUIPMENT	'
	NOTE 4. PREMISES AND EQUIPMENT

	Premises and equipment at December 31, were as follows:

	(in thousands)	2013			2012

	Land	$	1,976		$	1,243
	Buildings and improvements	7,755			6,179
	Furniture, fixtures and equipment	7,000			4,882
	Construction in progress	4,154			2,668
	Leasehold improvements	1,203			615
		22,088			15,587
	Accumulated depreciation	(5,169		)	(4,233		)
	Net premises and equipment	$	16,919		$	11,354

	Depreciation expense amounted to $936 and $533 for 2013 and 2012, respectively.

DEPOSITS

DEPOSITS	12 Months Ended
DEPOSITS	Dec. 31, 2013
DEPOSITS	'
DEPOSITS	'
	NOTE 5. DEPOSITS

	Deposits at December 31, were as follows:

	(in thousands)	2013		2012

	Demand deposits of individuals, partnerships, and corporations
	Interest bearing demand	$	320,420	$	225,369
	Non-interest bearing demand	63,336		54,619
	Savings and money markets	70,902		48,789
	Time deposits including CDs and IRAs	241,153		157,742
	Total deposits	$	695,811	$	486,519

	Time deposits of over $100 included above	$	163,209	$	86,872

	Maturities of time deposits at December 31, 2013 were as follows (in thousands):

	2014	$	204,848
	2015	13,564
	2016	7,383
	2017	5,471
	2018	9,887
	Total	$	241,153

BORROWED_FUNDS

BORROWED FUNDS	12 Months Ended
	Dec. 31, 2013
BORROWED FUNDS	'
BORROWED FUNDS	'
	NOTE 6. BORROWED FUNDS

	Short-term borrowings and Repurchase Agreements

	Along with traditional deposits, the Bank has access to both overnight repurchase agreements and short-term borrowings from FHLB to fund its operations and investments. Repurchase agreements totaled $81.6 million at December 31, 2013, compared to $70.2 million in 2012. Short-term borrowings from FHLB totaled $98.0 million at December 31, 2013, compared to $82.1 million at year-end 2012. Information related to short-term borrowings and repurchase agreements is summarized below:

	(Dollars in thousands)	2013			2012

	Balance at end of year	$	179,606		$	93,299
	Average balance during the year	135,852			74,040
	Maximum month-end balance	179,606			93,299
	Weighted-average rate during the year	0.52		%	0.72		%
	Rate at December 31	0.43		%	0.66		%


	Average balances in the table above were calculated using daily averages for the related accounts.

	The Bank is a member of the Federal Home Loan Bank (“FHLB”) of Pittsburgh, Pennsylvania. The remaining maximum borrowing capacity with the FHLB at December 31, 2013 was approximately $107,660. At December 31, 2013 and 2012 the Bank had borrowed $104,647 and $32,600.

	Borrowings from the FHLB as of December 31 were as follows:

	(Dollars in thousands)	2013			2012
	Fixed interest rate notes, originating between April 1999 and December 2007, due between April 2014 and April 2022, interest of between 4.50% and 5.90% payable monthly	$	5,759		$	6,656

	Fixed interest rate note, originating March 2008, due March 2013, interest of 2.37% payable quarterly	—			2,000

	Amortizing fixed interest rate note, originating February 2007, due February 2022, payable in monthly installments of $5, including interest of 5.22%	860			879

		$	6,619		$	9,535

	Borrowings from the FHLB are secured by stock in the FHLB of Pittsburgh, qualifying first mortgage loans, mortgage-backed securities and certain investment securities.

	Bank subsidiary PMG had borrowings of $59.0 million at December 31, 2012, which were comprised of three floating rate lines of credit with other banks. The three floating rate lines have since been paid off and PMG now utilizes FHLB borrowings.

	A summary of maturities of these borrowings over the next five years is as follows (in thousands):

	Year	Amount
	2014	1,161
	2015	169
	2016	1,246
	2017	1,470
	2018	81
	Thereafter	2,492
		$	6,619


	Subordinated Debt

	In March 2007 the Company completed the private placement of $4 million Floating Rate, Trust Preferred Securities through its MVB Financial Statutory Trust I subsidiary (the “Trust”). The Company established the Trust for the sole purpose of issuing the Trust Preferred Securities pursuant to an Amended and Restated Declaration of Trust. The proceeds from the sale of the Trust Preferred Securities will be loaned to the Company under subordinated Debentures (the “Debentures”) issued to the Trust pursuant to an Indenture. The Debentures are the only asset of the Trust. The Trust Preferred Securities have been issued to a pooling vehicle that will use the distributions on the Trust Preferred Securities to securitize note obligations. The securities issued by the Trust are includable for regulatory purposes as a component of the Company’s Tier I capital.

	The Trust Preferred Securities and the Debentures mature in 2037 and have been redeemable by the Company since 2012. Interest payments are due in March, June, September and December and are adjusted at the interest due dates at a rate of 1.62% over the three month LIBOR Rate. The Company reflects borrowed funds in the amount of $4.1 million as of December 31, 2013 and 2012 and interest expense of $79 and $87 for the years ended December 31, 2013 and 2012, respectively.

COMMITMENTS_AND_CONTINGENT_LIA

COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Dec. 31, 2013
COMMITMENTS AND CONTINGENT LIABILITIES	'
COMMITMENTS AND CONTINGENT LIABILITIES	'
	NOTE 7. COMMITMENTS AND CONTINGENT LIABILITIES

	Commitments

	The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the statements of financial condition.

	The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments.

	Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount and type of collateral obtained, if deemed necessary by the Company upon extension of credit, varies and is based on management’s credit evaluation of the customer.

	Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Standby letters of credit generally have fixed expiration dates or other termination clauses and may require payment of a fee. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. The Company’s policy for obtaining collateral, and the nature of such collateral, is essentially the same as that involved in making commitments to extend credit.

	Total contractual amounts of the commitments as of December 31 were as follows:

	(in thousands)	2013		2012

	Available on lines of credit	$	89,956	$	60,357
	Stand-by letters of credit	680		458
	Other loan commitments	1,681		1,616
		$	92,317	$	62,431

	Concentration of Credit Risk

	The Company grants a majority of its commercial, financial, agricultural, real estate and installment loans to customers throughout the Marion, Harrison, Monongalia, Jefferson and Berkeley County areas of West Virginia and adjacent counties. Collateral for loans is primarily residential and commercial real estate, personal property, and business equipment. The Company evaluates the credit worthiness of each of its customers on a case-by-case basis, and the amount of collateral it obtains is based upon management’s credit evaluation.

	Regulatory

	Beginning in 2013, the Company is required to maintain certain reserve balances on hand in accordance with the Federal Reserve Board requirements. The average balance maintained in accordance with such requirements was $7,986 on December 31, 2013.

	Contingent Liability

	The subsidiary bank is involved in various legal actions arising in the ordinary course of business. In the opinion of management and counsel, the outcome of these matters will not have a significant adverse effect on the consolidated financial statements.

INCOME_TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Dec. 31, 2013
INCOME TAXES	'
INCOME TAXES	'
	NOTE 8. INCOME TAXES

	The amount reflected as income taxes represents federal and state income taxes on financial statement income. Certain items of income and expense, primarily the provision for possible loan losses, allowance for losses on foreclosed assets held for resale, depreciation, and accretion of discounts on investment securities are reported in different accounting periods for income tax purposes.

	The provisions for income taxes for the years ended December 31, were as follows:

	(in thousands)	2013			2012
	Current:
	Federal	$	216		$	1,479
	State	273			331
		$	489		$	1,810

	Deferred expense(benefit)
	Federal	$	464		$	(115	)
	State	30			(29		)
		494			(144		)
	Income Tax expense	$	983		$	1,666

	Following is a reconciliation of income taxes at federal statutory rates to recorded income taxes for the year ended December 31:

		2013					2012
	(Dollars in thousands)	Amount			%		Amount			%

	Tax at Federal tax rate	$	1,701		34	%	$	1,984		34	%
	Tax effect of:
	State income tax	125			2.5	%	146			2.5	%
	Tax exempt earnings	(839		)	-16.8	%	(465		)	-8	%
	Other	(4		)	0	%	1			0	%
		$	983		19.7	%	$	1,666		28.5	%

	Deferred tax assets and liabilities are the result of timing differences in recognition of revenue and expense for income tax and financial statement purposes.

	Deferred income tax assets and (liabilities) were comprised of the following at December 31 (in thousands):

		2013			2012

	Allowance for loan losses	$	1,263		$	1,203
	Minimum pension liability	990			1,157
	Unrealized gain on securities available-for-sale	984			—
	Gross deferred tax assets	3,237			2,360

	Depreciation	(747		)	(477		)
	Unrealized loss on securities available-for-sale	—			(160		)
	Pension	(22		)	(184		)
	Goodwill	(446		)	—
	Gross deferred tax liabilities	(1,215		)	(821		)

	Net deferred tax asset	$	2,022		$	1,539

	No deferred income tax valuation allowance is provided since it is more likely than not that realization of the deferred income tax asset will occur in future years.

	The Company prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Benefits from tax positions should be recognized in the financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met. There is currently no liability for uncertain tax positions and no known unrecognized tax benefits. With limited exception, the Company’s federal and state income tax returns for taxable years through 2009 have been closed for purposes of examination by the federal and state taxing jurisdictions.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2013
RELATED PARTY TRANSACTIONS	'
RELATED PARTY TRANSACTIONS	'
	NOTE 9. RELATED PARTY TRANSACTIONS

	The Company has granted loans to officers and directors of the Company and to their associates. Related party loans are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated parties and do not involve more than normal risk of collectability. Set forth below is a summary of the related loan activity.

		Balance at										Balance
		Beginning										at end
	(in thousands)	of Year		Borrowings		Retirement			Repayments			of Year

	December 31, 2013	$	23,571	$	3,090	$	(7,723	)	$	(848	)	$	18,090

	December 31, 2012	$	13,300	$	12,978	$	—		$	(2,707	)	$	23,571

	The Company held related party deposits of $4,637 and $11,483 at December 31, 2013 and December 31, 2012, respectively.

	The Company held related party repurchase agreements of $1,467 and $361 at December 31, 2013 and December 31, 2012, respectively.

PENSION_PLAN

PENSION PLAN	12 Months Ended
PENSION PLAN	Dec. 31, 2013
PENSION PLAN	'
PENSION PLAN	'
	NOTE 10. PENSION PLAN

	The Company participates in a trusteed pension plan known as the Allegheny Group Retirement Plan covering virtually all full-time employees. Benefits are based on years of service and the employee’s compensation. The Company’s funding policy is to fund normal costs of the plan as accrued. Contributions are intended to provide not only for benefits attributed to service to date, but also for those benefits expected to be earned in the future.

	Information pertaining to the activity in the Company’s defined benefit plan, using the latest available actuarial valuations with a measurement date of December 31, 2013 and 2012 is as follows:

	(in thousands)		2013			2012
	Change in benefit obligation
	Benefit obligation at beginning of year		$	5,798		$	4,214
	Service cost		651			424
	Interest cost		247			210
	Actuarial loss		(65		)	998
	Benefits paid		(139		)	(48		)
	Benefit obligation at end of year		$	6,492		$	5,798

	Change in plan assets:
	Fair value of plan assets at beginning of year		$	3,366		$	2,198
	Actual return on plan assets		435			232
	Employer contribution		409			984
	Benefits paid		(139		)	(48		)
	Fair value of plan assets at end of year		$	4,071		$	3,366

	Funded status		$	(2,421	)	$	(2,432	)
	Unrecognized net actuarial loss		2,475			2,890
	Unrecognized prior service cost		—			2
	Prepaid pension cost recognized		$	54		$	460

	Accumulated benefit obligation		$	4,983		$	4,473

	At December 31, 2013 and 2012, the weighted average assumptions used to determine the benefit obligation are as follows:

			2013		2012
	Discount rate		4.86	%	4.31	%
	Rate of compensation increase		3	%	3	%

	The components of net periodic pension cost are as follows (in thousands):

	Service cost		$	651		$	424
	Interest cost		247			210
	Expected return on plan assets		(271		)	(251		)
	Amortization of prior service costs		2			2
	Amortization of loss		186			117
	Net periodic pension cost		$	815		$	502

	For the years December 31, 2013 and 2012, the weighted average assumptions used to determine net periodic pension cost are as follows:

			2013		2012
	Discount rate		4.31	%	5.06	%
	Expected long-term rate of return on plan assets		7.46	%	8	%
	Rate of compensation increase		3	%	3	%

	The Company’s pension plan asset allocations at December 31, 2013 and 2012, as well as target allocations for 2014 are as follows:

			12/31/13		12/31/12
	Plan Assets
	Cash		7	%	10	%
	Fixed income		28	%	36	%
	Alternative investments		12	%	10	%
	Domestic equities		33	%	28	%
	Foreign equities		17	%	11	%
	Real estate inv. Trusts (REITs)		3	%	5	%
	Total		100	%	100	%

The estimated net loss (gain) for the plan that are expected to be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year is $143.

The following table sets forth by level, within the fair value hierarchy, as defined in Note 18 - Fair Value Measurements, the Plan’s assets at fair value as of December 31, 2013.

(in thousands)		Level I			Level II			Level III		Total
Assets:
Cash		$	285		$	—		—		285
Fixed income		1,140			—			—		1,140
Alternative investments		—			489			—		489
Domestic equities		1,343			—			—		1,343
Foreign equities		692			—			—		692
Real estate inv. Trusts		122			—			—		122

Total assets at fair value		$	3,582		$	489		$	—	$	4,071


The fair value of MVB’s pension plan assets at December 31, 2012 by asset class are as follows:

The following table sets forth by level, within the fair value hierarchy, as defined in Note 18 - Fair Value Measurements, the Plan’s assets at fair value as of December 31, 2012.

(in thousands)		Level I			Level II			Level III		Total
Assets:
Cash and cash equivalents		$	707		$	—		$	—	$	707
Investment in equity securities		1,818			—			—		1,818
Investment in debt securities		—			841			—		841

Total assets at fair value		$	2,525		$	841		$	—	$	3,366

Investment in government securities and short-term investments are valued at the closing price reported on the active market on which the individual securities are traded. Alternative investments and investment in debt securities are valued at quoted prices which are available but traded less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed. The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

Below we show the best estimate of the plan contribution for next fiscal year. We also show the benefits expected to be paid in each of the next five fiscal years, and in the aggregate for the five fiscal years thereafter.

(in thousands)		Cash Flow

Contributions for the period of 01/01/14 through 12/31/14		$	440
Estimated future benefit payments reflecting expected future service

2014		$	141
2015		$	148
2016		$	207
2017		$	216
2018		$	245
2019 through 2023		$	1,686

INTANGIBLE_ASSETS

INTANGIBLE ASSETS	12 Months Ended
INTANGIBLE ASSETS	Dec. 31, 2013
INTANGIBLE ASSETS	'
INTANGIBLE ASSETS	'
	NOTE 11. INTANGIBLE ASSETS

	On October 7, 2005, the Company purchased a full service office in the Charles Town area of Jefferson County West Virginia. This office held assets of $1.8 million and total deposits of $17.1 million. As a result of this transaction, the Company recorded intangible assets. As of December 31, 2013 the Company has allocated $12 to core deposit intangibles, which are being amortized using the double-declining balance method over 10 years. The original amount of the core deposit intangible was $128, with $123 amortized through December 31, 2013 and $5 remaining to be amortized over the next two years. The remaining $897 has been recorded as goodwill, and is evaluated for impairment on October 1st each year by the Company. In December 2012 the Company purchased Potomac Mortgage Group (PMG), a mortgage company in Northern Virginia. As a result of this transaction, MVB recorded $16.9 million in goodwill. This goodwill will be evaluated for impairment on an annual basis each December.

STOCK_OFFERING

STOCK OFFERING	12 Months Ended
STOCK OFFERING	Dec. 31, 2013
STOCK OFFERING	'
STOCK OFFERING	'
	NOTE 12. STOCK OFFERING

	During 2013, the Company began a confidential offering to accredited investors. As of December 31, 2013 the Company had received signed offering memoranda and payment for 305,097 shares totaling $9.8 million in additional capital at December 31, 2013. The proceeds of this offering are being used to support the definitive agreement to acquire CFG Community Bank as well as continued growth of the Company. Also during 2013, the Company completed a confidential offering to accredited investors that began in late 2012. This offering resulted in the issuance of 1,132,527 shares totaling $27.1 million in additional capital. The proceeds of this offering were used to support the acquisition of PMG as well as the continued growth of the Company. During 2012 the Company issued 573,263 shares, concluding 2012 with outstanding shares of 2,932,901. In 2012, MVB implemented a dividend reinvestment plan (DRIP) which resulted in the addition of 31,760 and 41,538 shares totaling $912,896 and $973,000, respectively, in 2013 and 2012.

	On September 8, 2011 MVB received $8.5 million in Small Business Lending Fund (SBLF) capital. MVB issued 8,500 shares of $1,000 per share preferred stock with dividends payable in arrears on January 1, April 1, July 1 and October 1 each year. At December 31, 2012 and 2011, MVB’s loan production qualified for the lowest dividend rate possible of 1%. MVB may continue to utilize the SBLF capital for a period of four and one half years at the 1% dividend rate so long as loan growth continues to support the reduced rate.

STOCK_OPTIONS

STOCK OPTIONS

12 Months Ended

Dec. 31, 2013

STOCK OPTIONS

NOTE 13. STOCK OPTIONS

The MVB Financial Corp. Incentive Stock Plan (‘the Plan”) provides for the issuance of stock options to selected employees. Under the provisions of the plan, the option price per share shall not be less than the fair market value of the common stock on the date of the grant. For options granted in 2005 the vesting period has been accelerated to fully vest at December 31, 2005. These options also expire 10 years from the date of the grant. Options granted in 2006, 2010, 2011, 2012 and 2013 vest in 5 years and expire 10 years from the date of the grant, with the exception of 22,000 shares granted in 2010 that vest in 3 years and expire 10 years from the date of the grant. As of December 31, 2013, the Plan had $2.2 million shares authorized and $987,780 shares remaining available for issuance.

Total compensation expense recorded on stock options during 2013 and 2012 was $196 and $138, respectively. Proceeds from stock options exercised during 2013 was $323. There were no stock options exercised during 2012.

The following summarizes MVB’s stock options as of and for the year ended December 31, 2013, and the changes for the year then ended:

Weighted-

Number

Average

Exercise

Price

Outstanding at beginning of year

638,152

9.17

Granted

502,000

13.48

Exercised

(44,342

)

7.28

Forfeited/expired

(4,400

)

10.23

Outstanding at end of year

1,091,410

11.2

Exercisable at end of year

379,270

8.4

Weighted-average fair value of options granted during 2013

1.71

Weighted-average fair value of options granted during 2012

1.19

The intrinsic value of options exercised during 2013 was $736,077. There were no options exercised during 2012.

The fair value for the options was estimated at the date of grant using a Black-Scholes option-pricing model with average risk-free interest rates of 2.08% and 1.67% for 2013 and 2012 and a weighted average expected life of the options of 7 years for both 2013 and 2012. The expected volatility of MVB’s stock price used for 2013 options was 6.70%, while for the 2012 options it was 5.60%. The expected dividend yield used was .50% for both 2013 and 2012.

The following summarizes information related to the total outstanding and exercisable options at December 31, 2013:

Options Outstanding

Options Exercisable

Weighted-

Average

Total

Exercise

Intrinsic

Remaining

Total

Exercise

Intrinsic

Remaining

Options

Price

Value

Life

Options

Price

Value

Life

1,091,410

11.2

5,897,429

7.12

379,270

8.4

3,111,014

3.81

REGULATORY_CAPITAL_REQUIREMENT

REGULATORY CAPITAL REQUIREMENTS	12 Months Ended
REGULATORY CAPITAL REQUIREMENTS	Dec. 31, 2013
REGULATORY CAPITAL REQUIREMENTS	'
REGULATORY CAPITAL REQUIREMENTS	'
	NOTE 14. REGULATORY CAPITAL REQUIREMENTS

	The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.

	Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios of Total and Tier I capital to risk-weighted assets, and of Tier I capital to average assets, as defined. As of December 31, 2013 and 2012, the Company meets all capital adequacy requirements to which it is subject.

	The most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier I risk-based, and Tier I leverage ratios as set forth in the table below. Both the Company’s and the Bank’s actual capital amounts and ratios are presented in the table below.

										MINIMUM
						MINIMUM				FOR CAPITAL
						TO BE WELL				ADEQUACY
		ACTUAL				CAPITALIZED				PURPOSES
	(Dollars in thousands)	AMOUNT		RATIO		AMOUNT		RATIO		AMOUNT		RATIO

	As of December 31, 2013
	Total Capital (to risk-weighted assets)
	Consolidated	$	84,361	12.9	%	N/A		N/A		$	52,175	8	%
	Subsidiary Bank	$	86,028	13.2	%	$	65,262	10	%	$	52,209	8	%

	Tier I Capital (to risk-weighted assets)
	Consolidated	$	79,342	12.2	%	N/A		N/A		$	26,087	4	%
	Subsidiary Bank	$	81,009	12.4	%	$	39,157	6	%	$	26,105	4	%

	Tier I Capital (to average assets)
	Consolidated	$	79,342	8.9	%	N/A		N/A		$	35,840	4	%
	Subsidiary Bank	$	81,009	9	%	$	44,800	5	%	$	35,840	4	%

	As of December 31, 2012
	Total Capital (to risk-weighted assets)
	Consolidated	$	55,527	12.3	%	N/A		N/A		$	36,243	8	%
	Subsidiary Bank	$	59,231	13.1	%	$	45,303	10	%	$	36,243	8	%

	Tier I Capital (to risk-weighted assets)
	Consolidated	$	51,451	11.4	%	N/A		N/A		$	18,121	4	%
	Subsidiary Bank	$	55,155	12.2	%	$	27,182	6	%	$	18,121	4	%

	Tier I Capital (to average assets)
	Consolidated	$	51,451	8.4	%	N/A		N/A		$	25,323	4	%
	Subsidiary Bank	$	55,155	9	%	$	31,630	5	%	$	25,304	4	%

REGULATORY_RESTRICTION_ON_DIVI

REGULATORY RESTRICTION ON DIVIDEND	12 Months Ended
REGULATORY RESTRICTION ON DIVIDEND	Dec. 31, 2013
REGULATORY RESTRICTION ON DIVIDEND	'
REGULATORY RESTRICTION ON DIVIDEND	'
	NOTE 15. REGULATORY RESTRICTION ON DIVIDEND

	The approval of the regulatory agencies is required if the total of all dividends declared by the Bank in any calendar year exceeds the Bank’s net profits, as defined, for that year combined with its retained net profits for the preceding two calendar years.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2013
LEASES	'
LEASES	'
	NOTE 16. LEASES

	The Company leases land and building space for the operation of some banking offices. All such leases qualify as operating leases. Following is a schedule by year of future minimum lease payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2013:

		(in thousands)
	Years ended December 31:
	2014	$	1,342
	2015	988
	2016	874
	2017	645
	2018	575
	Thereafter	819
	Total minimum payments required:	$	5,243

	Total rent expense for the years ended December 31, 2013 and 2012 was $1,034 and $251, respectively.

FAIR_VALUE_OF_FINANCIAL_INSTRU

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2013
FAIR VALUE OF FINANCIAL INSTRUMENTS	'
FAIR VALUE OF FINANCIAL INSTRUMENTS	'
	NOTE 17. FAIR VALUE OF FINANCIAL INSTRUMENTS

	The following summarizes the methods and significant assumptions used by the Company in estimating its fair value disclosures for financial instruments.

	Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date.

	Level II: Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities include items for which quoted prices are available but traded less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed.

	Level III: Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation.

	Estimated fair values have been determined by the Company using historical data, as generally provided in the Company’s regulatory reports, and an estimation methodology suitable for each category of financial instruments. The Company’s fair value estimates, methods and assumptions are set forth below for the Company’s other financial instruments

	Cash and cash equivalents: The carrying amounts for cash and cash equivalents approximate fair value because they have original maturities of 90 days or less and do not present unanticipated credit concerns.

	Certificates of deposits: The fair values for loans are computed based on scheduled future cash flows of principal and interest, discounted at interest rates currently offered for loans with similar terms of borrowers of similar credit quality. No prepayments of principal are assumed.

	Securities: Fair values of securities are based on quoted market prices, where available. If quoted market prices are not available, estimated fair values are based on quoted market prices of comparable securities.

	Loans: The fair values for loans are computed based on scheduled future cash flows of principal and interest, discounted at interest rates currently offered for loans with similar terms of borrowers of similar credit quality. No prepayments of principal are assumed.

	Loans held for sale: Loans held for sale are carried at the lower of cost or market value. These loans currently consist of one-to-four-family residential loans originated for sale in the secondary market. Fair value is based on the price secondary markets are currently offering for similar loans using observable market data which is not materially different than cost due to the short duration between origination and sale (Level II).

	Derivative on loans held for sale: Derivatives on loans held for sale are used to mitigate interest rate risk for residential mortgage loans held for sale and interest rate locks. These instruments are considered derivatives and are recorded at fair value, based on (i) committed sales prices from investors for commitments to sell mortgage loans or (ii) observable market data inputs for commitments to sell mortgage backed securities. The Company’s mortgage banking hedge instruments are classified as Level II. For mortgage interest rate locks, the fair value is based on either (i) the price of the underlying loans obtained from an investor for loans that will be delivered on a best efforts basis or (ii) the observable price for individual loans traded in the secondary market for loans that will be delivered on a mandatory basis. All of the Company’s mortgage interest rate locks are classified as Level II.

	Bank Owned Life Insurance: Fair values of bank owned life insurance approximate the cash surrender value of the policies.

	Accrued interest receivable and payable and repurchase agreements: The carrying values of accrued interest receivable and payable approximate their fair values.

	Deposits: The fair values of demand deposits (i.e., non interest bearing checking, NOW and money market), savings accounts and other variable rate deposits approximate their carrying values. Fair values of fixed maturity deposits are estimated using a discounted cash flow methodology at rates currently offered for deposits with similar remaining maturities. Any intangible value of long-term relationships with depositors is not considered in estimating the fair values disclosed.

	FHLB and other borrowings: The fair values for loans are computed based on scheduled future cash flows of principal and interest, discounted at interest rates currently offered for loans with similar terms of borrowers of similar credit quality. No prepayments of principal are assumed.

	Subordinated debt: The fair values for loans are computed based on scheduled future cash flows of principal and interest, discounted at interest rates currently offered for loans with similar terms of borrowers of similar credit quality. No prepayments of principal are assumed.

	Off-balance sheet instruments: The fair values of commitments to extend credit and standby letters of credit are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of agreements and the present credit standing of the counterparties. The amounts of fees currently charged on commitments and standby letters of credit are deemed insignificant, and therefore, the estimated fair values and carrying values are not shown. The contractual amounts of unfunded commitments and letters of credit are presented in Note 7.

	The carrying values and estimated fair values of the Company’s financial instruments are summarized as follows (in thousands):

	Fair Value Measurements at

									Quoted
									Prices
									in Active			Significant
									Markets for			Other			Significant
						Estimated			Identical			Observable			Unobservable
			Carrying			Fair			Assets			Inputs			Inputs
	December 31, 2013		Value			Value			(Level 1)			(Level 2)			(Level 3)
	Financial assets:
	Cash and cash equivalents		$	39,843		$	39,843		$	39,843		$	—		$	—
	Certificates of deposits with other banks		9,427			9,616			—			—			9,616
	Securities available-for-sale		106,411			106,411			187			106,224
	Securities held-to-maturity		56,670			54,118			—			54,118			—
	Loans held for sale		89,186			89,186						89,186
	Loans		617,370			620,295			—			—			620,295
	Derivative on loans held for sale		2,271			2,271			2,271			—			—
	Bank owned life insurance		16,062			16,062			16,062			—			—
	Accrued interest receivable		2,764			2,764			2,764			—			—

	Financial liabilities:
	Deposits		$	695,811		$	697,301		$	454,658		$	—		$	242,643
	Repurchase agreements		81,578			81,578			81,578			—			—
	FHLB and other borrowings		104,647			104,742			98,028			—			6,714
	Accrued interest payable		327			327			327			—			—
Subordinated debt		4,124			3,153			3,153			—			—

December 31, 2012
Financial assets:
Cash and cash equivalents		$	25,340		$	25,340		$	25,340		$	—		$	—
Certificates of deposits		9,427			9,427			9,427			—			—
Securities available-for-sale		79,378			79,378			—			79,378			—
Securities held-to-maturity		35,370			36,218			—			36,218			—
Loans held for sale		85,529			85,529						85,529
Loans		442,367			453,082			—			—			453,082
Derivative on loans held for sale		1,261			1,261			1,261			—			—
Bank owned life insurance		10,524			10,524			10,524			—			—
Accrued interest receivable		1,778			1,778			1,778			—			—

Financial liabilities:
Deposits		$	486,519		$	498,244		$	328,777		$	—		$	169,467
Repurchase agreements		70,234			70,234			70,234			—			—
FHLB and other borrowings		91,617			94,487			—			—			94,487
Accrued interest payable		329			329			329			—			—
Subordinated debt		4,124			4,664			4,664			—			—

Fair value estimates are made at a specific point in time, based on relevant market information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on existing on-and-off balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
FAIR VALUE MEASUREMENTS	Dec. 31, 2013
FAIR VALUE MEASUREMENTS	'
FAIR VALUE MEASUREMENTS	'
	NOTE 18. FAIR VALUE MEASUREMENTS

	Accounting standards require that the Company adopt fair value measurement for financial assets and financial liabilities. This enhanced guidance for using fair value to measure assets and liabilities applies whenever other standards require or permit assets or liabilities to be measured at fair value. This guidance does not expand the use of fair value in any new circumstances.

	Accounting standards establish a hierarchal disclosure framework associated with the level of pricing observability utilized in measuring assets and liabilities at fair value. The three broad levels defined by these standards are as follows:

	Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date.

	Level II: Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities include items for which quoted prices are available but traded less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed.

	Level III: Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation.

	As required by accounting standards, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company classified investments in government securities as Level 2 instruments and valued them using the market approach. All measurements are made on a recurring basis, with the exception of loans held for sale, derivative on loans held for sale, other real estate and impaired loans, which are measured on a non-recurring basis.

	The following tables present the assets reported on the consolidated statements of financial condition at their fair value on a recurring basis as of December 31, 2013 and 2012 by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

			December 31, 2013
	(in thousands)		Level I			Level II		Level III		Total

	U.S. Agency Securities		$	—		58,822		—		$	58,822
	U.S. Sponsored Mortgage backed Securities		—			46,592		—		46,592
	Equity and Other Securities		187			810		—		997


			December 31, 2012
	(in thousands)		Level I		Level II		Level III		Total

	U.S. Agency Securities				22,192		—		22,192
	U.S. Sponsored Mortgage backed Securities				56,376		—		56,376
	Equity and Other Securities				810		—		810

	The Company may be required, from time to time, to measure certain financial assets, financial liabilities, non-financial assets and non-financial liabilities at fair value on a nonrecurring basis in accordance with U.S. generally accepted accounting principles. These include assets that are measured at the lower of cost or market value that were recognized at fair value below cost at the end of the period. Certain non-financial assets measured at fair value on a non-recurring basis include foreclosed assets (upon initial recognition or subsequent impairment), non-financial assets and non-financial liabilities measured at fair value in the second step of a goodwill impairment test, and intangible assets and other non-financial long-lived assets measured at fair value for impairment assessment. Non-financial assets measured at fair value on a non-recurring basis during 2013 and 2012 include certain foreclosed assets which, upon initial recognition, were remeasured and reported at fair value through a charge-off to the allowance for possible loan losses and certain foreclosed assets which, subsequent to their initial recognition, were remeasured at fair value through a write-down included in other non-interest expense.

	· *Loans held for sale —* Loans held for sale are carried at the lower of cost or market value. These loans currently consist of one-to-four-family residential loans originated for sale in the secondary market. Fair value is based on the price secondary markets are currently offering for similar loans using observable market data which is not materially different than cost due to the short duration between origination and sale (Level II).

	· *Derivative on loans held for sale* - Derivatives on loans held for sale are used to mitigate interest rate risk for residential mortgage loans held for sale and interest rate locks. These instruments are considered derivatives and are recorded at fair value, based on (i) committed sales prices from investors for commitments to sell mortgage loans or (ii) observable market data inputs for commitments to sell mortgage backed securities. The Company’s mortgage banking hedge instruments are classified as Level II. For mortgage interest rate locks, the fair value is based on either (i) the price of the underlying loans obtained from an investor for loans that will be delivered on a best efforts basis or (ii) the observable price for individual loans traded in the secondary market for loans that will be delivered on a mandatory basis. All of the Company’s mortgage interest rate locks are classified as Level II.

	· *Impaired Loans -* Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment using one of several methods, including collateral value, liquidation value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans. Collateral values are estimated using Level 2 inputs based on observable market data or Level 3 inputs based on customized discounting criteria. For a majority of impaired real estate related loans, the Company obtains a current external appraisal. Other valuation techniques are used as well, including internal valuations, comparable property analysis and contractual sales information.

	· *Other Real Estate owned —* Other real estate owned, which is obtained through the Bank’s foreclosure process is valued utilizing the appraised collateral value. Collateral values are estimated using Level 2 inputs based on observable market data or Level 3 inputs based on customized discounting criteria. At the time, the foreclosure is completed, the Company obtains a current external appraisal.

	Assets measured at fair value on a nonrecurring basis as of December 31, 2013 and 2012 are included in the table below (in thousands):

			December 31, 2013
			Level I			Level II			Level III			Total

	Loans held for sale		$	—		$	89,186		$	—		$	89,186
	Derivative on loans held for sale		—			2,271			—			2,271
	Other real estate owned		—			—			375			375
	Impaired loans		—			—			5,178			5,178


			December 31, 2012
			Level I			Level II			Level III			Total

	Loans held for sale		$	—		$	85,529		$	—		$	85,529
	Derivative on loans held for sale		—			1,261			—			1,261
	Other real estate owned		—			—			207			207
	Impaired loans		—			—			3,118			3,118


	The following tables presents quantitative information about the Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a nonrecurring basis at December 31, 2013 and 2012.

		Quantitative Information about Level 3 Fair Value Measurements
(Dollars in thousands)		Fair Value			Valuation		Unobservable		Range
December 31, 2013		Fair Value			Technique		Input		Range

Impaired loans		$	5,178		Appraisal of collateral		Appraisal adjustments (2)		20% - 30%
							Liquidation expense (2)		5% - 10%

Other real estate owned		$	375		Appraisal of collateral		Appraisal adjustments		20% - 30%
							Liquidation expense		5% - 10%

		Quantitative Information about Level 3 Fair Value Measurements
(Dollars in thousands)		Fair Value			Valuation		Unobservable		Range
December 31, 2012		Fair Value			Technique		Input		Range

Impaired loans		$	3,118		Appraisal of collateral (1)		Appraisal adjustments (2)		20% - 30%
							Liquidation expense (2)		5% - 10%

Other real estate owned		$	207		Appraisal of collateral (1)(3)		Appraisal adjustments		20% - 30%
							Liquidation expense		5% - 10%

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable.
(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
(3) Includes qualitative adjustments by management and estimated liquidation expenses.

COMPREHENSIVE_INCOME

COMPREHENSIVE INCOME	12 Months Ended
COMPREHENSIVE INCOME	Dec. 31, 2013
COMPREHENSIVE INCOME	'
COMPREHENSIVE INCOME	'
	NOTE 19. COMPREHENSIVE INCOME

	The following tables present the components of accumulated other comprehensive income (“AOCI”) for the year ended December 31, 2013 (in thousands):

		2013
	Details about AOCI Components	Amount			Affected line item in the Statement where net
		Reclassified			income is presented
		from AOCI

	Available-for-sale securities
	Unrealized holding gains	$	145		Gain on sale of securities
		145			Total before tax
		(58		)	Income tax expense
		87			Net of tax
	Defined benefit pension plan items
	Change in defined benefit pension plan	188			Salaries and benefits
		188			Total before tax
		(75		)	Income tax expense
		113			Net of tax

	Total reclassifications	$	200

	(in thousands)	Unrealized			Defined benefit			Total
		gains (losses)			pension plan
		on available-			items
		for-sale
		securities

	Balance at January 1, 2013	$	240		$	(1,735	)	$	(1,495	)
	Other comprehensive loss before reclassification	(1,803		)	137			(1,666		)
	Amounts reclassified from AOCI	87			113			200
	Net current period OCI	(1,716		)	250			(1,466		)
	Balance at December 31, 2013	$	(1,476	)	$	(1,485	)	$	(2,961	)

CONDENSED_FINANCIAL_STATEMENTS

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY	12 Months Ended
CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY	Dec. 31, 2013
CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY	'
CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY	'
	NOTE 20. CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY

	Information relative to the parent company’s condensed balance sheets at December 31, 2013 and 2012, and the related condensed statements of income and cash flows for each of those years are presented below:

			December 31
	(in thousands)		2013			2012
	Condensed Balance Sheets
	Assets
	Cash		$	362		$	158
	Investment in subsidiaries		97,164			71,253
	Other assets		717			302
	Total assets		$	98,243		$	71,713

	Liabilities and shareholders’ equity Liabilities
	Other liabilities		$	97		$	40
	Long-term debt		4,124			4,124
	Total liabilities		4,221			4,164

	Total stockholders’ equity		94,022			67,549
	Total liabilities and stockholders’ equity		$	98,243		$	71,713

			Year ended December 31,
	(in thousands)		2013			2012
	Condensed Statements of Income
	Income - dividends from bank subsidiary		$	2,666		$	531
	Expenses - operating		499			350
	Income before income taxes and undistributed earnings		2,167			181
	Income tax (benefit)		(190		)	(133		)
	Income after tax (benefit)		2,357			314
	Equity in undistributed income earnings of subsidiaries		1,663			3,854
	Net income		$	4,020		$	4,168

	Preferred dividends		$	85		$	136
	Net income available to common shareholders’		$	3,935		$	4,032
	Comprehensive income		$	2,554		$	3,415


	(in thousands)		2013			2012
	Condensed Statements of Cash Flows
	OPERATING ACTIVITIES
	Net income		$	4,020		$	4,168
	Equity in undistributed earnings of subsidiaries		(1,663		)	(3,854		)
	Increase in other assets		(340		)	(9		)
	Increase in other liabilities		57			15
	Stock option expense		196			138

	Net cash provided by operating activities		2,950			458

	INVESTING ACTIVITIES
	Investment in subsidiary		(26,469		)	(14,731		)

	Net cash used in investing activities		(26,469		)	(14,731		)

	FINANCING ACTIVITIES
	Proceeds of stock offering		23,109			13,734
	Dividend reinvestment plan		913			973
	Common stock options exercised		323			—
	Cash dividends paid on common stock		(537		)	(307		)
	Cash dividends paid on preferred stock		(85		)	(136		)

	Net cash provided by financing activities		23,723			14,264

	Increase (decrease) in cash		204			(9		)

Cash at beginning of period		158			167

Cash at end of period		$	362		$	158
Non-cash investing activity

Issuance of stock in acquisition		$	—		2,000

SEGMENT_REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2013
SEGMENT REPORTING	'
SEGMENT REPORTING	'
	NOTE 21. SEGMENT REPORTING

	During 2013, the Company identified three reportable segments: commercial and retail banking; mortgage banking; and insurance services. Revenue from commercial and retail banking activities consists primarily of interest earned on loans and investment securities and service charges on deposit accounts.

	Revenue from the mortgage banking activities is comprised of interest earned on loans and fees received as a result of the mortgage origination process. The mortgage banking services are conducted by MVB Mortgage.

	Information about the reportable segments and reconciliation to the consolidated financial statements for the year end December 31. 2013 are as follows:

	(in thousands)	Commercial		Mortgage		Insurance			Intercompany			Consolidated
		&		Banking					Eliminations
		Retail
		Banking
	Revenues:
	Interest income	$	25,088	$	2,103	$	—		$	(646	)	$	26,545
	Income on loans held for sale	2,853		19,042		—			—			21,895
	Insurance income	—		—		1,722			—			1,722
	Other income	3,843		1,400		—			—			5,243
	Total operating income	31,784		22,545		1,722			(646		)	55,405
	Expenses:
	Interest expense	5,014		1,181		—			(646		)	5,549
	Salaries and employee benefits	12,441		13,017		1,609			—			27,067
	Provision for loan losses	2,260		—		—			—			2,260
	Other expense	9,811		5,081		634			—			15,526
	Total operating expenses	29,526		19,279		2,243			(646		)	50,402
	Income (loss) before income taxes	2,258		3,266		(521		)	—			5,003
	Income tax expense (benefit)	5		1,240		(262		)	—			983
	Net income (loss)	2,253		2,026		(259		)	—			4,020
	Preferred stock dividends	85		—		—			—			85
	Net income (loss) available to common shareholders	$	2,168	$	2,026	$	(259	)	$	—		$	3,935

	Total assets	$	1,021,097	$	92,290	$	3,012		$	(129,339	)	$	987,060
	Capital expenditures	5,613		489		399			—			6,501
	Goodwill	897		16,882		—			—			17,779

MERGERS_AND_ACQUISITIONS

MERGERS AND ACQUISITIONS	12 Months Ended
MERGERS AND ACQUISITIONS	Dec. 31, 2013
MERGERS AND ACQUISITIONS	'
MERGERS AND ACQUISITIONS	'
	NOTE 22. MERGERS AND ACQUISITIONS

	The Company and its subsidiary, MVB Bank, have entered into a Purchase and Assumption Agreement with CFG Community Bank (“CFG”) and its parent, Capital Funding Bancorp, Inc., pursuant to which, upon the terms and subject to the conditions set forth therein, the Bank will purchase certain assets and assume certain liabilities of CFG and its subsidiaries for $30 million in consideration, consisting of $26 million in cash and $4 million in shares of MVB Financial common stock, subject to certain adjustments.

	Consummation of this transaction is subject to certain customary closing conditions, including requisite regulatory approvals and material third-party consents, the absence of certain legal impediments to the consummation of the transaction and subject to certain exceptions, the accuracy of the representations and warranties and compliance with the covenants of each party.

	The parties have made customary representations, warranties and covenants in the Agreement, including among others, covenants by CFG with respect to the conduct of its business during the interim period between the execution of the agreement and the closing of the transaction.

STOCK_SPLIT

STOCK SPLIT	12 Months Ended
STOCK SPLIT	Dec. 31, 2013
STOCK SPLIT	'
STOCK SPLIT	'
	NOTE 23. STOCK SPLIT

	Common shares outstanding at December 31, 2013 and 2012, respectively, have been adjusted for the effect of a two for one stock split effected as a stock dividend paid on February 11, 2014.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Basis of Presentation	'
	Basis of Presentation

	The financial statements are consolidated to include the accounts of the Company and its subsidiaries and affiliated businesses, MVB Insurance, LLC, and MVB Bank, Inc. and its wholly-owned subsidiary, MVB Mortgage. These statements have been prepared in accordance with U.S. generally accepted accounting principles. All significant inter-company accounts and transactions have been eliminated in the consolidated financial statements.

	In preparing the financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses for the period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change relate to determination of the allowance for loan losses and deferred tax assets and liabilities.

Operating Segments	'
	Operating Segments

	An operating segment is defined as a component of an enterprise that engages in business activities that generates revenue and incurs expense, and the operating results of which are reviewed by the chief operating decision maker in the determination of resource allocation and performance. While the Company’s chief decision makers monitor the revenue streams of the various Company’s products and services, operations are managed and financial performance is evaluated on a Company-wide basis. During 2013, due to the formation of the insurance subsidiary and increased mortgage banking activity, the Company’s business activities include three primary segments: commercial and retail banking, mortgage banking and insurance services.

Cash and Cash Equivalents	'
	Cash and Cash Equivalents

	Cash equivalents include cash on hand, deposits in banks and interest-earning deposits. Interest-earning deposits with original maturities of 90 or less are considered cash equivalents. Net cash flows are reported for loan, deposits and short term borrowing transactions.

Management Estimates	'
	Management Estimates

	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates, such as the allowance for loan losses, are based upon known facts and circumstances. Estimates are revised by management in the period such facts and circumstances change. Actual results could differ from these estimates.

Loans Held for Sale	'
	Loans Held for Sale

	Through multiple secondary market investors, MVB Bank, Inc. has the ability to offer customers long-term fixed rate mortgage products without holding these instruments in the bank’s loan portfolio. MVB values loans held for sale at fair value.
Derivative Financial Instruments	'

	Derivative Financial Instruments

	The Company enters into commitments to originate mortgage loans whereby the interest rate on the loan is determined prior to funding (rate lock commitments). Rate lock commitments on mortgage loans that are intended to be sold are considered to be derivatives. The period of time between issuance of a loan commitment and closing and sale of the loan generally ranges from 30 to 120 days. The Company protects itself from changes in interest rates through the use of both mandatory delivery arrangements and best efforts forward delivery commitments, whereby the Company commits to sell a loan at the time the borrower commits to an interest rate with the intent that the buyer has assumed interest rate risk on the loan. As a result, the Company is not exposed to losses and will not realize significant gains related to its rate lock commitments due to changes in interest rates. The correlation between the rate lock commitments and the best efforts contracts is very high due to their similarity.

	The fair value of rate lock commitments and best efforts contracts is not readily ascertainable with precision because rate lock commitments and best efforts contracts are not actively traded in stand-alone-markets. The Company determines the fair value of rate lock commitments and best efforts contracts by measuring the change in the value of the underlying asset while taking into consideration the probability that the rate lock commitments will close. Because of the high correlation between rate lock commitments and best efforts contracts, no gain or loss occurs on the rate lock commitments.

Loans and Allowance for Loan Losses	'
	Loans and Allowance for Loan Losses

	Loans are stated at the amount of unpaid principal reduced by an allowance for loan losses. Loans are considered delinquent when scheduled principal or interest payments are 31 days past due. Interest income on loans is recognized on an accrual basis. The allowance for loan losses is maintained at a level deemed adequate to absorb probable losses inherent in the loan portfolio. The Company consistently applies a quarterly loan review process to continually evaluate loans for changes in credit risk. This process serves as the primary means by which the Company evaluates the adequacy of the allowance for loan losses, and is based upon periodic review of the collectability of loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available.

	The allowance consists of specific and general components. The specific component relates to loans that are impaired. The general component covers non-classified loans and is based upon historical loss experience adjusted for qualitative factors.

	The Company allocates the allowance based on the factors described below, which conform to the Company’s loan classification policy. In reviewing risk within the Bank’s loan portfolio, management has determined there to be several different risk categories within the loan portfolio. The allowance for loan losses consists of amounts applicable to: (i) residential real estate loans; (ii) commercial and commercial real estate secured loans; (iii) home equity loans; (iv) consumer and other loans. Factors considered in this process include general loan terms, collateral, and availability of historical data to support the analysis. Historical loss percentages for each risk category are calculated and used as the basis for calculating allowance allocations. Certain qualitative factors are evaluated to determine additional inherent risks in the loan portfolio, which are not necessarily reflected in the historical loss percentages. These factors are then added to the historical allocation percentage to get the adjusted factor to be applied to non-classified loans. The following qualitative factors are analyzed:

	· Lending policies and procedures

	· Change in volume and severity of past due loans

	· Nature and volume of the portfolio
	· Experience and ability of management
	· Volume and severity of problem credits
	· Results of loan reviews
	· National, state, regional and local economic trends and business conditions

	· General economic conditions
	· Unemployment rates
	· Inflation / CPI
	· Changes in values of underlying collateral for collateral-dependent loans

	· Value of underlying collateral
	· Existence and effect of any credit concentrations, and changes in the level of such concentrations

	The Company analyzes its loan portfolio each quarter to determine the appropriateness of its allowance for loan losses.

	A loan is considered impaired when, based upon current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and shortages generally are not classified as impaired. Generally the Company considers impaired loans to include loans classified as non-accrual loans and loans past due for longer than 90 days.

	Accounting standards require that loan origination and commitment fees and direct loan origination costs be deferred and the net amount amortized as an adjustment of the related loan’s yield.

Troubled Debt Restructurings (TDRs)	'
	Troubled Debt Restructurings (TDRs)

	A restructuring of debt constitutes a TDR if the creditor for economic or legal reasons related to the debtor’s financial difficulties grants a concession to the debtor that it would not otherwise consider. The determination of whether a concession has been granted includes an evaluation of the debtor’s ability to access funds at a market rate for debt with similar risk characteristics and among other things, the significance of the modification relative to unpaid principal or collateral value of the debt, and/or the significance of a delay in the timing of payments relative to the frequency of payments, original maturity date or the expected duration of the loan. The most common concessions granted generally include one or more modifications to the terms of the debt such as a reduction in the interest rate for the remaining life of the debt, an extension of the maturity date at an interest rate lower than the current market rate for new debt with similar risk, or reduction of the unpaid principal or interest. All TDRs are considered impaired loans.
Mortgage Servicing Rights	'
	Mortgage Servicing Rights

	Mortgage servicing rights (MSRs) are recorded when the Bank sells mortgage loans and retains the servicing on those loans. On a monthly basis, MVB tracks the amount of mortgage loans that are sold with servicing retained. A valuation is done to determine the MSR’s value, which is then recorded as an asset and amortized over the period of estimated net servicing revenues. The balance of MSR’s is evaluated for impairment quarterly, and was determined not to be impaired at December 31, 2013 or 2012. Servicing loans for others generally consists of collecting mortgage payments from borrowers, maintaining escrow accounts, remitting payments to third party investors and when necessary, foreclosure processing. Serviced loans are not included in the Consolidated Balance Sheets. The amortization taken on the servicing asset for the years ended December 31, 2013 and 2012 was $369 and $47, respectively. At December 31, 2013 and 2012, total loans serviced for others totaled $248,491 and $89,295, respectively.

Premises and Equipment	'
	Premises and Equipment

	Premises and equipment are carried at cost less accumulated depreciation. The provision for depreciation is computed for financial reporting by the straight-line-method based on the estimated useful lives of assets, which range from 7 to 40 years on buildings and leasehold improvements and 3 to 10 years on furniture, fixtures and equipment.

Intangible Assets and Goodwill	'
	Intangible Assets and Goodwill

	The Company tests goodwill for impairment on an annual basis. If it is determined that the fair value of the reporting unit is less than the carrying value of the unit, the Company would be required to recognize impairment equal to the difference between the fair value and the carrying value. Based upon this assessment it was determined that goodwill was not impaired at December 31, 2013 or 2012. As of December 31, 2013 and 2012, the Company had goodwill of $17.8 million and $17.6 million.

Restricted Bank Stock	'
	Restricted Bank Stock

	The Bank is a member of the FHLB of Pittsburgh and as such, is required to maintain a minimum investment in stock of the FHLB that varies with the level of advances outstanding with the FHLB. As of December 31, 2013 and 2012, the Bank holds $6,267 and $2,798, respectively. The stock is bought from and sold to the FHB based upon its $100 par value. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated by management. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (a) A significant decline in net assets of the FHLB as compared to the capital stock amount and the length of time this situation has persisted (b) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance (c) the impact of legislative and regulatory changes on the customer base of the FHLB and (d) the liquidity position of the FHLB. Management evaluated the stock and concluded that the stock was not impaired for the periods presented herein. Management considered that the FHLB’s regulatory capital ratios have improved in the most recent quarters, liquidity appears adequate, new shares of FHLB stock continue to exchange hands at the $100 par value and the FHLB has repurchased shares of excess capital stock from its members during 2012 and 2013 and has reinstituted the dividend.

Income Taxes	'
	Income Taxes

	The Company and the Bank file a consolidated federal income tax return. Deferred tax assets and liabilities are computed based on the difference between the financial statement basis and income tax basis of assets and liabilities using the enacted marginal tax rates. Deferred income tax expenses or benefits are based on the changes in the net deferred tax asset or liability from period to period.

Stock Based Compensation	'
	Stock Based Compensation

	The Company accounts for stock-based compensation in accordance with generally accepted accounting standards. Under these standards the Company is required to record compensation expense for all awards granted after the date of adoption and for any unvested options previously granted.

Foreclosed Assets Held for Resale	'
	Foreclosed Assets Held for Resale

	Foreclosed assets held for resale acquired in satisfaction of mortgage obligations and in foreclosure proceedings are recorded at fair value less estimated selling costs at the time of foreclosure, with any valuation adjustments charged to the allowance for loan losses. Any gains or losses on sale are then recorded in other non-interest expense. At December 31, 2013 and 2012, the Company held other real estate of $375 and $207.

Earnings Per Share	'
	Earnings Per Share

	Diluted net income per common share includes any dilutive effects of stock options, and is computed by dividing net income by the average number of common shares outstanding during the period less the preferred stock dividend, adjusted for the dilutive effect of options under the Company’s 2003 and 2013 Stock Incentive Plan.

		For the years ended
		December 31,
		2013		2012

	Numerator for both basic and diluted earnings per share:
	Net Income	$	4,020	$	4,168
	Less: Dividends on preferred stock	85		136
	Net income available to common shareholders	$	3,935	$	4,032
	Denominator:

	Total average shares outstanding	6,657,093		4,388,650
	Effect of dilutive stock options	281,935		120,584

	Total diluted average shares outstanding	6,939,028		4,509,234

	Earnings Per Share - Basic	$	0.59	$	0.92
	Earnings Per Share - Diluted	$	0.57	$	0.9

Comprehensive Income	'
	Comprehensive Income

	Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities and minimum pension liability, are reported as a separate component of the equity section of the Consolidated Balance Sheet, such items, along with net income, are components of comprehensive income.

Bank-owned life insurance	'
	Bank-owned life insurance

	Bank-owned life insurance (“BOLI”) represents life insurance on the lives of certain Company employees who have provided positive consent allowing the Company to be the beneficiary of such policies. These policies are recorded at their cash surrender value, or the amount that can be realized upon surrender of the policy. Income from these policies is not subject to income taxes and is recorded as other income.

Advertising Costs	'
	Advertising Costs

	Advertising costs are expensed as incurred. Advertising expense was $1.4 million and $647,000 for 2013 and 2012, respectively.

Transfers of Financial Assets	'
	Transfers of Financial Assets

	Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (i) the assets have been isolated from the company, (ii) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (iii) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Reclassifications	'
	Reclassifications

	Certain amounts in the 2012 financial statements have been reclassified to conform to the 2013 financial statement presentation.

Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements

	In February 2013, the FASB issued ASU 2013-04, Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date. The ASU requires the measurement of obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed at the reporting date as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement with its co-obligors as well as any additional amount that the entity expects to pay on behalf of its co-obligors. The new standard is effective retrospectively for fiscal years and interim periods within those years, beginning after December 15, 2013, and early adoption is permitted. This ASU is not expected to have a significant impact on the Company’s financial statements.

	In April 2013, the FASB issued ASU 2013-07, Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting. The amendments in this Update are being issued to clarify when an entity should apply the liquidation basis of accounting. In addition, the guidance provides principles for the recognition and measurement of assets and liabilities and requirements for financial statements prepared using the liquidation basis of accounting. The amendments require an entity to prepare its financial statements using the liquidation basis of accounting when liquidation is imminent. Liquidation is imminent when the likelihood is remote that the entity will return from liquidation and either (a) a plan for liquidation is approved by the person or persons with the authority to make such a plan effective and the likelihood is remote that the execution of the plan will be blocked by other parties or (b) a plan for liquidation is being imposed by other forces (for example, involuntary bankruptcy). If a plan for liquidation was specified in the entity’s governing documents from the entity’s inception (for example, limited-life entities), the entity should apply the liquidation basis of accounting only if the approved plan for liquidation differs from the plan for liquidation that was specified at the entity’s inception. The amendments are effective for entities that determine liquidation is imminent during annual reporting periods beginning after December 15, 2013, and interim reporting periods therein. Entities should apply the requirements prospectively from the day that liquidation becomes imminent. Early adoption is permitted. Entities that use the liquidation basis of accounting as of the effective date in accordance with other Topics (for example, terminating employee benefit plans) are not required to apply the amendments. Instead, those entities should continue to apply the guidance in those other Topics until they have completed liquidation. This ASU is not expected to have a significant impact on the Company’s financial statements.

	In June 2013, the FASB issued ASU 2013-08, Financial Services — Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements. The amendments in this Update affect the scope, measurement, and disclosure requirements for investment companies under U.S. GAAP. The amendments do all of the following: 1. Change the approach to the investment company assessment in Topic 946, clarify the characteristics of an investment company, and provide comprehensive guidance for assessing whether an entity is an investment Company. 2. Require an investment company to measure noncontrolling ownership interests in other investment companies at fair value rather than using the equity method of accounting. 3. Require the following additional disclosures: (a) the fact that the entity is an investment company and is applying the guidance in Topic 946, (b) information about changes, if any, in an entity’s status as an investment company, and (c) information about financial support provided or contractually required to be provided by an investment company to any of its investees. The amendments in this Update are effective for an entity’s interim and annual reporting periods in fiscal years that begin after December 15, 2013. Earlier application is prohibited. This ASU is not expected to have a significant impact on the Company’s financial statements.

	In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This Update applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. This ASU is not expected to have a significant impact on the Company’s financial statements.

	In January 2014, FASB issued ASU 2014-01, Investments — Equity Method and Join Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. The amendments in this Update permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). The amendments in this Update should be applied retrospectively to all periods presented. A reporting entity that uses the effective yield method to account for its investments in qualified affordable housing projects before the date of adoption may continue to apply the effective yield method for those preexisting investments. The amendments in this Update are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. This ASU is not expected to have a significant impact on the Company’s financial statements.

	In January 2014, the FASB issued ASU 2014-04, Receivables — Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The amendments in this Update clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity can elect to adopt the amendments in this Update using either a modified retrospective transition method or a prospective transition method. This ASU is not expected to have a significant impact on the Company’s financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Schedule of earnings per share	'


		For the years ended
		December 31,
	(Dollars in thousands except shares and per share data)	2013		2012

	Numerator for both basic and diluted earnings per share:
	Net Income	$	4,020	$	4,168
	Less: Dividends on preferred stock	85		136
	Net income available to common shareholders	$	3,935	$	4,032
	Denominator:

	Total average shares outstanding	6,657,093		4,388,650
	Effect of dilutive stock options	281,935		120,584

	Total diluted average shares outstanding	6,939,028		4,509,234

	Earnings Per Share - Basic	$	0.59	$	0.92
	Earnings Per Share - Diluted	$	0.57	$	0.9

INVESTMENT_SECURITIES_Tables

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2013
INVESTMENT SECURITIES	'
Schedule of amortized cost and fair values of investment securities held-to-maturity	'
	Amortized cost and fair values of investment securities held-to-maturity at December 31, 2013, including gross unrealized gains and losses, are summarized as follows:

		Amortized		Unrealized			Unrealized			Fair
	(in thousands)	Cost		Gain			Loss			Value

	Municipal securities	$	56,670	$	367		$	(2,919	)	$	54,118
	Total investment securities held-to-maturity	$	56,670	$	367		$	(2,919	)	$	54,118

	Amortized cost and fair values of investment securities held-to-maturity at December 31, 2012, including gross unrealized gains and losses, are summarized as follows:

		Amortized		Unrealized			Unrealized			Fair
	(in thousands)	Cost		Gain			Loss			Value

	Municipal securities	$	35,370	$	988		$	(140	)	$	36,218
	Total investment securities held-to-maturity	$	35,370	$	988		$	(140	)	$	36,218
Schedule of amortized cost and fair values of investment securities available-for-sale	'
	Amortized cost and fair values of investment securities available-for-sale at December 31, 2013 are summarized as follows:

		Amortized		Unrealized			Unrealized			Fair
	(in thousands)	Cost		Gain			Loss			Value

	U. S. Agency securities	$	60,744	$	—		$	(1,922	)	$	58,822
	U.S. Sponsored Mortgage-backed securities	47,317		118			(843		)	46,592
	Total debt securities	108,061		118			(2,765		)	105,414
	Equity and other securities	810		187			—			997
	Total investment securities available-for-sale	$	108,871	$	305		$	(2,765	)	$	106,411

	Amortized cost and fair values of investment securities available-for-sale at December 31, 2012 are summarized as follows:

		Amortized		Unrealized			Unrealized			Fair
	(in thousands)	Cost		Gain			Loss			Value

	U. S. Agency securities	$	21,951	$	247		$	(6	)	$	22,192
	U.S. Sponsored Mortgage-backed securities	56,217		328			(169		)	56,376
	Total debt securities	78,168		575			(175		)	78,568
	Equity and other securities	810		—			—			810
	Total investment securities available-for-sale	$	78,978	$	575		$	(175	)	$	79,378
Schedule of amortized cost and fair values of debt securities by maturity	'
		December 31, 2013
		Held to Maturity					Available for sale
				Approximate
		Amortized		Fair			Amortized			Fair
		Cost		Value			Cost			Value

	Within one year	$	—	$	—		$	—		$	—
	After one year, but within five	1,707		1,749			24,857			24,456
	After five years, but within ten	14,062		13,928			47,208			45,698
	After ten Years	40,901		38,441			35,996			35,260
	Total	$	56,670	$	54,118		$	108,061		$	105,414
Schedule of investments in an unrealized loss position	'
	The following table discloses investments in an unrealized loss position at December 31, 2013:

	(in thousands)	Less than 12 months					12 months or more
	Description and	Fair Value		Unrealized			Fair Value			Unrealized
	number of positions			Loss						Loss

	U.S. Agency securities (19)	$	58,822	$	(1,922	)	$	—		$	—
	U.S. Sponsored Mortgage-backed securities (18)	14,969		(113		)	19,781			(730		)
	Municipal securities (103)	35,502		(2,535		)	4,471			(384		)
		$	109,293	$	(4,570	)	$	24,252		$	(1,114	)

	The following table discloses investments in an unrealized loss position at December 31, 2012:

	(in thousands)	Less than 12 months					12 months or more
	Description and	Fair Value		Unrealized			Fair Value			Unrealized
	number of positions			Loss						Loss

	U.S. Agency securities (3)	$	9,676	$	(6	)	$	—		$	—
	U.S. Sponsored Mortgage-backed securities (11)	28,688		(169		)	—			—
	Municipal securities (28)	11,216		(140		)	—			—
		$	49,580	$	(315	)	$	—		$	—

LOANS_AND_ALLOWANCE_FOR_LOAN_L1

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	Dec. 31, 2013
LOANS AND ALLOWANCE FOR LOAN LOSSES	'
Schedule of components of loans in the Consolidated Balance Sheet	'
	(in thousands)	2013			2012

	Commercial and non-residential real estate	$	457,388		$	299,639
	Residential real estate	118,204			113,212
	Home equity	27,797			16,800
	Installment	18,285			16,174
	Credit card	631			618
		$	622,305		$	446,443
Summary of the primary segments of the loan portfolio	'
	The following table summarizes the primary segments of the loan portfolio as of December 31, 2013 and 2012 (in thousands):

		Commercial			Residential			Home			Installment			Credit			Total
		Commercial			Residential			Equity			Installment			Cards			Total
	31-Dec-13
	Individually evaluated for impairment	$	6,254		$	261		$	28		$	92		$	1		$	6,636
	Collectively evaluated for impairment	451,134			117,943			27,769			18,193			630			615,669
	Total Loans	$	457,388		$	118,204		$	27,797		$	18,285		$	631		$	622,305
	31-Dec-12
	Individually evaluated for impairment	$	3,074		$	43		$	—		$	1		$	—		$	3,118
	Collectively evaluated for impairment	296,565			113,169			16,800			16,173			618			443,325
	Total Loans	$	299,639		$	113,212		$	16,800		$	16,174		$	618		$	446,443
Schedule of impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary	'
	The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of December 31, 2013 and 2012 (in thousands):

								Impaired
								Loans with
								No
		Impaired Loans with						Specific
		Specific Allowance						Allowance			Total Impaired Loans
														Unpaid
		Recorded			Related			Recorded			Recorded			Principal
		Investment			Allowance			Investment			Investment			Balance
	31-Dec-13

	Commercial	$	6,134		$	1,243		$	120		$	6,254		$	6,254
	Residential	261			175			—			261			261
	Home Equity	28			28			—			28			28
	Installment	24			11			68			92			92
	Credit Card	1			1			—			1			1
	Total impaired loans	$	6,448		$	1,458		$	188		$	6,636		$	6,636

	31-Dec-12

	Commercial	$	3,074		$	683		$	—		$	3,074		$	3,074
	Residential	43			16			—			43			43
	Installment	1			24			—			1			1
	Total impaired loans	$	3,118		$	723		$	—		$	3,118		$	3,118
Schedule of the average recorded investment in impaired loans and related interest income recognized	'
	The following table presents the average recorded investment in impaired loans and related interest income recognized for the years ended (in thousands):

		December 31,
		2013			2012
	Average investment in impaired loans	$	4,623		$	2,970
	Interest income recognized on an accrual basis on impaired loans	$	180		$	112
Schedule of classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system	'
	The following table represents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of December 31, 2013 and 2012 (in thousands):

					Special
		Pass			Mention			Substandard			Doubtful			Total
	31-Dec-13
	Commercial	$	437,474		$	11,566		$	8,348		$	—		$	457,388
	Residential	115,283			2,660			261			—			118,204
	Home Equity	27,662			107			28			—			27,797
	Installment	17,579			614			92			—			18,285
	Credit Card	628			2			1			—			631
	Total	$	598,626		$	14,949		$	8,730		$	—		$	622,305

	31-Dec-12
	Commercial	$	286,472		$	8,646		$	1,770		$	2,751		$	299,639
	Residential	110,663			2,260			289			—			113,212
	Home Equity	16,540			260			—			—			16,800
	Installment	15,806			354			13			1			16,174
	Credit Card	589			29			—			—			618
	Total	$	430,070		$	11,549		$	2,072		$	2,752		$	446,443
Schedule of classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans	'
	The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of December 31, 2013 and 2012 (in thousands):

		Current			30-59			60-89			90			Total			Total			Non-		90+ Days
					Days			Days			Days +			Past			Loans			Accrual		Still
					Past Due			Past Due			Past			Due								Accruing
											Due
	31-Dec-13
	Commercial	$	456,580		$	216		$	24		$	284		$	524		$	457,388		$	284	$	—
	Residential	116,121			1,401			193			460			2,054			$	118,204		29		431
	Home Equity	27,741			28			—			28			56			$	27,797		—		28
	Installment	18,043			90			—			76			166			$	18,285		76		—
	Credit Card	628			2			—			1			3			$	631		—		1
	Total	$	619,113		$	1,737		$	217		$	849		$	2,803		$	622,305		$	389	$	460

	31-Dec-12
	Commercial	$	292,214		$	767		$	221		$	3,356		$	4,344		$	299,639		$	3,081	$	275
	Residential	111,010			1,772			293			94			2,159			113,212			43		51
	Home Equity	16,772			28			—			—			28			16,800			—		—
	Installment	15,990			179			—			4			183			16,174			1		3
	Credit Card	589			24			5			—			29			618			—		—
	Total	$	436,575		$	2,770		$	519		$	3,454		$	6,743		$	446,443		$	3,125	$	329
Schedule of activity in the allowance	'
	Activity in the allowance is presented for the years ended December 31, 2013 and 2012 (in thousands):

								Home						Credit
		Commercial			Residential			Equity			Installment			Card			Total
	ALL balance at December 31, 2012	$	3,107		$	514		$	242		$	200		$	13		$	4,076
	Charge-offs	(1,458		)	(38		)	—			(12		)	(21		)	(1,529		)
	Recoveries	57			60			10			1			—			128
	Provision	1,903			(17		)	302			50			22			2,260
	ALL balance at December 31, 2013	$	3,609		$	519		$	554		$	239		$	14		$	4,935
	Individually evaluated for impairment	$	1,243		$	175		$	28		$	11		$	1		$	1,458
	Collectively evaluated for impairment	$	2,366		$	344		$	526		$	228		$	13		$	3,477

								Home						Credit
		Commercial			Residential			Equity			Installment			Card			Total
	ALL balance at December 31, 2011	$	2,164		$	366		$	249		$	255		$	11		$	3,045
	Charge-offs	(1,731		)	—			(9		)	(51		)	—			(1,791		)
	Recoveries	5			—			5			12			—			22
	Provision	2,669			148			(3		)	(16		)	2			2,800
	ALL balance at December 31, 2012	$	3,107		$	514		$	242		$	200		$	13		$	4,076
	Individually evaluated for impairment	$	683		$	16		$	—		$	24		$	—		$	723
	Collectively evaluated for impairment	$	2,424		$	498		$	242		$	176		$	13		$	3,353
Schedule of loans identified as Troubled Debt Restructurings	'


		December 31, 2013								December 31, 2012
	(Dollars in thousands)	Number		Pre-			Post-			Number		Pre-			Post-
		of		Modification			Modification			of		Modification			Modification
		Contracts		Outstanding			Outstanding			Contracts		Outstanding			Outstanding
				Recorded			Recorded					Recorded			Recorded
				Investment			Investment					Investment			Investment

	Commercial	6		$	4,820		$	4,702		3		$	1,235		$	1,235
	Home equity	1		28			28			—		—			—
	Installment	3		8			6			3		13			13
	Total	10		$	4,856		$	4,736		6		$	1,248		$	1,248

	(1) The pre-modification and post-modification balances represent the balances outstanding immediately before and after modification of the loan.

PREMISES_AND_EQUIPMENT_Tables

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2013
PREMISES AND EQUIPMENT	'
Schedule of premises and equipment	'


	(in thousands)	2013			2012

	Land	$	1,976		$	1,243
	Buildings and improvements	7,755			6,179
	Furniture, fixtures and equipment	7,000			4,882
	Construction in progress	4,154			2,668
	Leasehold improvements	1,203			615
		22,088			15,587
	Accumulated depreciation	(5,169		)	(4,233		)
	Net premises and equipment	$	16,919		$	11,354

DEPOSITS_Tables

DEPOSITS (Tables)	12 Months Ended
DEPOSITS (Tables)	Dec. 31, 2013
DEPOSITS	'
Schedule of deposits	'


	(in thousands)	2013		2012

	Demand deposits of individuals, partnerships, and corporations
	Interest bearing demand	$	320,420	$	225,369
	Non-interest bearing demand	63,336		54,619
	Savings and money markets	70,902		48,789
	Time deposits including CDs and IRAs	241,153		157,742
	Total deposits	$	695,811	$	486,519

	Time deposits of over $100 included above	$	163,209	$	86,872

Schedule of maturities of time deposits	'

	Maturities of time deposits at December 31, 2013 were as follows (in thousands):

	2014	$	204,848
	2015	13,564
	2016	7,383
	2017	5,471
	2018	9,887
	Total	$	241,153

BORROWED_FUNDS_Tables

BORROWED FUNDS (Tables)	12 Months Ended
BORROWED FUNDS (Tables)	Dec. 31, 2013
BORROWED FUNDS	'
Schedule of information related to short-term borrowings and repurchase agreements	'
	(Dollars in thousands)	2013			2012

	Balance at end of year	$	179,606		$	93,299
	Average balance during the year	135,852			74,040
	Maximum month-end balance	179,606			93,299
	Weighted-average rate during the year	0.52		%	0.72		%
	Rate at December 31	0.43		%	0.66		%

Schedule of borrowings from the FHLB	'
	(Dollars in thousands)	2013			2012
	Fixed interest rate notes, originating between April 1999 and December 2007, due between April 2014 and April 2022, interest of between 4.50% and 5.90% payable monthly	$	5,759		$	6,656

	Fixed interest rate note, originating March 2008, due March 2013, interest of 2.37% payable quarterly	—			2,000

	Amortizing fixed interest rate note, originating February 2007, due February 2022, payable in monthly installments of $5, including interest of 5.22%	860			879

		$	6,619		$	9,535
Schedule of maturities of borrowings over the next five years	'
	Year	Amount
	2014	1,161
	2015	169
	2016	1,246
	2017	1,470
	2018	81
	Thereafter	2,492
		$	6,619

COMMITMENTS_AND_CONTINGENT_LIA1

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2013
COMMITMENTS AND CONTINGENT LIABILITIES	'
Schedule of total contractual amounts of the commitments	'


	(in thousands)	2013		2012

	Available on lines of credit	$	89,956	$	60,357
	Stand-by letters of credit	680		458
	Other loan commitments	1,681		1,616
		$	92,317	$	62,431

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2013
INCOME TAXES	'
Schedule of the provisions for income taxes	'


	(in thousands)	2013			2012
	Current:
	Federal	$	216		$	1,479
	State	273			331
		$	489		$	1,810

	Deferred expense(benefit)
	Federal	$	464		$	(115	)
	State	30			(29		)
		494			(144		)
	Income Tax expense	$	983		$	1,666

Schedule of reconciliation of income taxes at federal statutory rates to recorded income taxes	'

		2013					2012
	(Dollars in thousands)	Amount			%		Amount			%

	Tax at Federal tax rate	$	1,701		34	%	$	1,984		34	%
	Tax effect of:
	State income tax	125			2.5	%	146			2.5	%
	Tax exempt earnings	(839		)	-16.8	%	(465		)	-8	%
	Other	(4		)	0	%	1			0	%
		$	983		19.7	%	$	1,666		28.5	%

Schedule of deferred income tax assets and (liabilities)	'
		2013			2012

	Allowance for loan losses	$	1,263		$	1,203
	Minimum pension liability	990			1,157
	Unrealized gain on securities available-for-sale	984			—
	Gross deferred tax assets	3,237			2,360

	Depreciation	(747		)	(477		)
	Unrealized loss on securities available-for-sale	—			(160		)
	Pension	(22		)	(184		)
	Goodwill	(446		)	—
	Gross deferred tax liabilities	(1,215		)	(821		)

	Net deferred tax asset	$	2,022		$	1,539

RELATED_PARTY_TRANSACTIONS_Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2013
RELATED PARTY TRANSACTIONS	'
Summary of the related loan activity	'


		Balance at										Balance
		Beginning										at end
	(in thousands)	of Year		Borrowings		Retirement			Repayments			of Year

	December 31, 2013	$	23,571	$	3,090	$	(7,723	)	$	(848	)	$	18,090

	December 31, 2012	$	13,300	$	12,978	$	—		$	(2,707	)	$	23,571

PENSION_PLAN_Tables

PENSION PLAN (Tables)	12 Months Ended
PENSION PLAN (Tables)	Dec. 31, 2013
PENSION PLAN	'
Schedule of information pertaining to the activity in the Company's defined benefit plan, using the latest available actuarial valuations	'


	(in thousands)	2013			2012
	Change in benefit obligation
	Benefit obligation at beginning of year	$	5,798		$	4,214
	Service cost	651			424
	Interest cost	247			210
	Actuarial loss	(65		)	998
	Benefits paid	(139		)	(48		)
	Benefit obligation at end of year	$	6,492		$	5,798

	Change in plan assets:
	Fair value of plan assets at beginning of year	$	3,366		$	2,198
	Actual return on plan assets	435			232
	Employer contribution	409			984
	Benefits paid	(139		)	(48		)
	Fair value of plan assets at end of year	$	4,071		$	3,366

	Funded status	$	(2,421	)	$	(2,432	)
	Unrecognized net actuarial loss	2,475			2,890
	Unrecognized prior service cost	—			2
	Prepaid pension cost recognized	$	54		$	460

	Accumulated benefit obligation	$	4,983		$	4,473

Schedule of weighted average assumptions used to determine the benefit obligation	'
		2013		2012
	Discount rate	4.86	%	4.31	%
	Rate of compensation increase	3	%	3	%
Schedule of components of net periodic pension cost	'
	Service cost	$	651		$	424
	Interest cost	247			210
	Expected return on plan assets	(271		)	(251		)
	Amortization of prior service costs	2			2
	Amortization of loss	186			117
	Net periodic pension cost	$	815		$	502
Schedule of weighted average assumptions used to determine net periodic pension cost	'
		2013		2012
	Discount rate	4.31	%	5.06	%
	Expected long-term rate of return on plan assets	7.46	%	8	%
	Rate of compensation increase	3	%	3	%
Schedule of Company's pension plan asset allocations as well as target allocations for 2014	'
		12/31/13		12/31/12
	Plan Assets
	Cash	7	%	10	%
	Fixed income	28	%	36	%
	Alternative investments	12	%	10	%
	Domestic equities	33	%	28	%
	Foreign equities	17	%	11	%
	Real estate inv. Trusts (REITs)	3	%	5	%
	Total	100	%	100	%
Schedule of the plan's assets at fair value by level, within the fair value hierarchy	'


	(in thousands)	Level I			Level II			Level III		Total
	Assets:
	Cash	$	285		$	—		—		285
	Fixed income	1,140			—			—		1,140
	Alternative investments	—			489			—		489
	Domestic equities	1,343			—			—		1,343
	Foreign equities	692			—			—		692
	Real estate inv. Trusts	122			—			—		122

	Total assets at fair value	$	3,582		$	489		$	—	$	4,071


	The fair value of MVB’s pension plan assets at December 31, 2012 by asset class are as follows:

	The following table sets forth by level, within the fair value hierarchy, as defined in Note 18 - Fair Value Measurements, the Plan’s assets at fair value as of December 31, 2012.

	(in thousands)	Level I			Level II			Level III		Total
	Assets:
	Cash and cash equivalents	$	707		$	—		$	—	$	707
	Investment in equity securities	1,818			—			—		1,818
	Investment in debt securities	—			841			—		841

	Total assets at fair value	$	2,525		$	841		$	—	$	3,366

Schedule of the best estimate of the plan contribution for next fiscal year and the benefits expected to be paid in each of the next five fiscal years, and in the aggregate for the five fiscal years thereafter	'

	(in thousands)	Cash Flow

	Contributions for the period of 01/01/14 through 12/31/14	$	440
	Estimated future benefit payments reflecting expected future service

	2014	$	141
	2015	$	148
	2016	$	207
	2017	$	216
	2018	$	245
	2019 through 2023	$	1,686

STOCK_OPTIONS_Tables

STOCK OPTIONS (Tables)

12 Months Ended

Dec. 31, 2013

STOCK OPTIONS

Summary of the entity's stock options and the changes

Weighted-

Number

Average

Exercise

Price

Outstanding at beginning of year

638,152

9.17

Granted

502,000

13.48

Exercised

(44,342

)

7.28

Forfeited/expired

(4,400

)

10.23

Outstanding at end of year

1,091,410

11.2

Exercisable at end of year

379,270

8.4

Weighted-average fair value of options granted during 2013

1.71

Weighted-average fair value of options granted during 2012

1.19

Summary of information related to the total outstanding and exercisable options

The following summarizes information related to the total outstanding and exercisable options at December 31, 2013:

Options Outstanding

Options Exercisable

Weighted-

Average

Total

Exercise

Intrinsic

Remaining

Total

Exercise

Intrinsic

Remaining

Options

Price

Value

Life

Options

Price

Value

Life

1,091,410

11.2

5,897,429

7.12

379,270

8.4

3,111,014

3.81

REGULATORY_CAPITAL_REQUIREMENT1

REGULATORY CAPITAL REQUIREMENTS (Tables)	12 Months Ended
REGULATORY CAPITAL REQUIREMENTS (Tables)	Dec. 31, 2013
REGULATORY CAPITAL REQUIREMENTS	'
Schedule of both the Company's and the Bank's actual capital amounts and ratios	'
										MINIMUM
						MINIMUM				FOR CAPITAL
						TO BE WELL				ADEQUACY
		ACTUAL				CAPITALIZED				PURPOSES
	(Dollars in thousands)	AMOUNT		RATIO		AMOUNT		RATIO		AMOUNT		RATIO

	As of December 31, 2013
	Total Capital (to risk-weighted assets)
	Consolidated	$	84,361	12.9	%	N/A		N/A		$	52,175	8	%
	Subsidiary Bank	$	86,028	13.2	%	$	65,262	10	%	$	52,209	8	%

	Tier I Capital (to risk-weighted assets)
	Consolidated	$	79,342	12.2	%	N/A		N/A		$	26,087	4	%
	Subsidiary Bank	$	81,009	12.4	%	$	39,157	6	%	$	26,105	4	%

	Tier I Capital (to average assets)
	Consolidated	$	79,342	8.9	%	N/A		N/A		$	35,840	4	%
	Subsidiary Bank	$	81,009	9	%	$	44,800	5	%	$	35,840	4	%

	As of December 31, 2012
	Total Capital (to risk-weighted assets)
	Consolidated	$	55,527	12.3	%	N/A		N/A		$	36,243	8	%
	Subsidiary Bank	$	59,231	13.1	%	$	45,303	10	%	$	36,243	8	%

	Tier I Capital (to risk-weighted assets)
	Consolidated	$	51,451	11.4	%	N/A		N/A		$	18,121	4	%
	Subsidiary Bank	$	55,155	12.2	%	$	27,182	6	%	$	18,121	4	%

	Tier I Capital (to average assets)
	Consolidated	$	51,451	8.4	%	N/A		N/A		$	25,323	4	%
	Subsidiary Bank	$	55,155	9	%	$	31,630	5	%	$	25,304	4	%

LEASES_Tables

LEASES (Tables)	12 Months Ended
	Dec. 31, 2013
LEASES	'
Schedule of future minimum lease payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year	'

		(in thousands)
	Years ended December 31:
	2014	$	1,342
	2015	988
	2016	874
	2017	645
	2018	575
	Thereafter	819
	Total minimum payments required:	$	5,243

FAIR_VALUE_OF_FINANCIAL_INSTRU1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2013
FAIR VALUE OF FINANCIAL INSTRUMENTS	'
Schedule of carrying values and estimated fair values of the Company's financial instruments	'

	Fair Value Measurements at

						Quoted
						Prices
						in Active		Significant
						Markets for		Other		Significant
				Estimated		Identical		Observable		Unobservable
		Carrying		Fair		Assets		Inputs		Inputs
	December 31, 2013	Value		Value		(Level 1)		(Level 2)		(Level 3)
	Financial assets:
	Cash and cash equivalents	$	39,843	$	39,843	$	39,843	$	—	$	—
	Certificates of deposits with other banks	9,427		9,616		—		—		9,616
	Securities available-for-sale	106,411		106,411		187		106,224
	Securities held-to-maturity	56,670		54,118		—		54,118		—
	Loans held for sale	89,186		89,186				89,186
	Loans	617,370		620,295		—		—		620,295
	Derivative on loans held for sale	2,271		2,271		2,271		—		—
	Bank owned life insurance	16,062		16,062		16,062		—		—
	Accrued interest receivable	2,764		2,764		2,764		—		—

	Financial liabilities:
	Deposits	$	695,811	$	697,301	$	454,658	$	—	$	242,643
	Repurchase agreements	81,578		81,578		81,578		—		—
	FHLB and other borrowings	104,647		104,742		98,028		—		6,714
	Accrued interest payable	327		327		327		—		—
	Subordinated debt	4,124		3,153		3,153		—		—

	December 31, 2012
	Financial assets:
	Cash and cash equivalents	$	25,340	$	25,340	$	25,340	$	—	$	—
	Certificates of deposits	9,427		9,427		9,427		—		—
	Securities available-for-sale	79,378		79,378		—		79,378		—
	Securities held-to-maturity	35,370		36,218		—		36,218		—
	Loans held for sale	85,529		85,529				85,529
	Loans	442,367		453,082		—		—		453,082
	Derivative on loans held for sale	1,261		1,261		1,261		—		—
	Bank owned life insurance	10,524		10,524		10,524		—		—
	Accrued interest receivable	1,778		1,778		1,778		—		—

	Financial liabilities:
	Deposits	$	486,519	$	498,244	$	328,777	$	—	$	169,467
	Repurchase agreements	70,234		70,234		70,234		—		—
	FHLB and other borrowings	91,617		94,487		—		—		94,487
	Accrued interest payable	329		329		329		—		—
	Subordinated debt	4,124		4,664		4,664		—		—

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Dec. 31, 2013
Recurring	'
Fair value of assets and liabilities	'
Schedule of assets measured at fair value	'


		December 31, 2013
	(in thousands)	Level I			Level II		Level III		Total

	U.S. Agency Securities	$	—		58,822		—		$	58,822
	U.S. Sponsored Mortgage backed Securities	—			46,592		—		46,592
	Equity and Other Securities	187			810		—		997


		December 31, 2012
	(in thousands)	Level I		Level II		Level III		Total

	U.S. Agency Securities			22,192		—		22,192
	U.S. Sponsored Mortgage backed Securities			56,376		—		56,376
	Equity and Other Securities			810		—		810

Non-recurring	'
Fair value of assets and liabilities	'
Schedule of assets measured at fair value	'


		December 31, 2013
		Level I			Level II			Level III			Total

	Loans held for sale	$	—		$	89,186		$	—		$	89,186
	Derivative on loans held for sale	—			2,271			—			2,271
	Other real estate owned	—			—			375			375
	Impaired loans	—			—			5,178			5,178


		December 31, 2012
		Level I			Level II			Level III			Total

	Loans held for sale	$	—		$	85,529		$	—		$	85,529
	Derivative on loans held for sale	—			1,261			—			1,261
	Other real estate owned	—			—			207			207
	Impaired loans	—			—			3,118			3,118
Schedule of quantitative information about assets measured at fair value on a non-recurring basis	'


		Quantitative Information about Level 3 Fair Value Measurements
	(Dollars in thousands)	Fair Value			Valuation		Unobservable		Range
	December 31, 2013	Fair Value			Technique		Input		Range

	Impaired loans	$	5,178		Appraisal of collateral		Appraisal adjustments (2)		20% - 30%
							Liquidation expense (2)		5% - 10%

	Other real estate owned	$	375		Appraisal of collateral		Appraisal adjustments		20% - 30%
							Liquidation expense		5% - 10%

		Quantitative Information about Level 3 Fair Value Measurements
	(Dollars in thousands)	Fair Value			Valuation		Unobservable		Range
	December 31, 2012	Fair Value			Technique		Input		Range

	Impaired loans	$	3,118		Appraisal of collateral (1)		Appraisal adjustments (2)		20% - 30%
							Liquidation expense (2)		5% - 10%

	Other real estate owned	$	207		Appraisal of collateral (1)(3)		Appraisal adjustments		20% - 30%
							Liquidation expense		5% - 10%

	(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable.
	(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
	(3) Includes qualitative adjustments by management and estimated liquidation expenses.

COMPREHENSIVE_INCOME_Tables

COMPREHENSIVE INCOME (Tables)	12 Months Ended
COMPREHENSIVE INCOME (Tables)	Dec. 31, 2013
COMPREHENSIVE INCOME	'
Schedule of reclassifications from other comprehensive income (AOCI) components	'
	The following tables present the components of accumulated other comprehensive income (“AOCI”) for the year ended December 31, 2013 (in thousands):

		2013
	Details about AOCI Components	Amount			Affected line item in the Statement where net
		Reclassified			income is presented
		from AOCI

	Available-for-sale securities
	Unrealized holding gains	$	145		Gain on sale of securities
		145			Total before tax
		(58		)	Income tax expense
		87			Net of tax
	Defined benefit pension plan items
	Change in defined benefit pension plan	188			Salaries and benefits
		188			Total before tax
		(75		)	Income tax expense
		113			Net of tax

	Total reclassifications	$	200
Schedule of the components of accumulated OCI	'

	(in thousands)	Unrealized			Defined benefit			Total
		gains (losses)			pension plan
		on available-			items
		for-sale
		securities

	Balance at January 1, 2013	$	240		$	(1,735	)	$	(1,495	)
	Other comprehensive loss before reclassification	(1,803		)	137			(1,666		)
	Amounts reclassified from AOCI	87			113			200
	Net current period OCI	(1,716		)	250			(1,466		)
	Balance at December 31, 2013	$	(1,476	)	$	(1,485	)	$	(2,961	)

CONDENSED_FINANCIAL_STATEMENTS1

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY (Tables)	12 Months Ended
CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY (Tables)	Dec. 31, 2013
CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY	'
Schedule of balance sheets	'

		December 31
	(in thousands)	2013			2012
	Condensed Balance Sheets
	Assets
	Cash	$	362		$	158
	Investment in subsidiaries	97,164			71,253
	Other assets	717			302
	Total assets	$	98,243		$	71,713

	Liabilities and shareholders’ equity Liabilities
	Other liabilities	$	97		$	40
	Long-term debt	4,124			4,124
	Total liabilities	4,221			4,164

	Total stockholders’ equity	94,022			67,549
	Total liabilities and stockholders’ equity	$	98,243		$	71,713


Schedule of statements of income	'

		Year ended December 31,
	(in thousands)	2013			2012
	Condensed Statements of Income
	Income - dividends from bank subsidiary	$	2,666		$	531
	Expenses - operating	499			350
	Income before income taxes and undistributed earnings	2,167			181
	Income tax (benefit)	(190		)	(133		)
	Income after tax (benefit)	2,357			314
	Equity in undistributed income earnings of subsidiaries	1,663			3,854
	Net income	$	4,020		$	4,168

	Preferred dividends	$	85		$	136
	Net income available to common shareholders’	$	3,935		$	4,032
	Comprehensive income	$	2,554		$	3,415
Schedule of statements of cash flows	'

	(in thousands)	2013			2012
	Condensed Statements of Cash Flows
	OPERATING ACTIVITIES
	Net income	$	4,020		$	4,168
	Equity in undistributed earnings of subsidiaries	(1,663		)	(3,854		)
	Increase in other assets	(340		)	(9		)
	Increase in other liabilities	57			15
	Stock option expense	196			138

	Net cash provided by operating activities	2,950			458

	INVESTING ACTIVITIES
	Investment in subsidiary	(26,469		)	(14,731		)

	Net cash used in investing activities	(26,469		)	(14,731		)

	FINANCING ACTIVITIES
	Proceeds of stock offering	23,109			13,734
	Dividend reinvestment plan	913			973
	Common stock options exercised	323			—
	Cash dividends paid on common stock	(537		)	(307		)
	Cash dividends paid on preferred stock	(85		)	(136		)

	Net cash provided by financing activities	23,723			14,264

	Increase (decrease) in cash	204			(9		)

	Cash at beginning of period	158			167

	Cash at end of period	$	362		$	158
	Non-cash investing activity

	Issuance of stock in acquisition	$	—		2,000

SEGMENT_REPORTING_Tables

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2013
SEGMENT REPORTING	'
Schedule of information about the reportable segments and reconciliation to the consolidated financial statements	'
	Information about the reportable segments and reconciliation to the consolidated financial statements for the year end December 31. 2013 are as follows:

	(in thousands)	Commercial		Mortgage		Insurance			Intercompany			Consolidated
		&		Banking					Eliminations
		Retail
		Banking
	Revenues:
	Interest income	$	25,088	$	2,103	$	—		$	(646	)	$	26,545
	Income on loans held for sale	2,853		19,042		—			—			21,895
	Insurance income	—		—		1,722			—			1,722
	Other income	3,843		1,400		—			—			5,243
	Total operating income	31,784		22,545		1,722			(646		)	55,405
	Expenses:
	Interest expense	5,014		1,181		—			(646		)	5,549
	Salaries and employee benefits	12,441		13,017		1,609			—			27,067
	Provision for loan losses	2,260		—		—			—			2,260
	Other expense	9,811		5,081		634			—			15,526
	Total operating expenses	29,526		19,279		2,243			(646		)	50,402
	Income (loss) before income taxes	2,258		3,266		(521		)	—			5,003
	Income tax expense (benefit)	5		1,240		(262		)	—			983
	Net income (loss)	2,253		2,026		(259		)	—			4,020
	Preferred stock dividends	85		—		—			—			85
	Net income (loss) available to common shareholders	$	2,168	$	2,026	$	(259	)	$	—		$	3,935

	Total assets	$	1,021,097	$	92,290	$	3,012		$	(129,339	)	$	987,060
	Capital expenditures	5,613		489		399			—			6,501
	Goodwill	897		16,882		—			—			17,779

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended				3 Months Ended
	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Sep. 30, 2013
	item	Bank	Bank	MVB Mortgage	LSP
		item	LSP	item
Business and Organization	'	'	'	'	'
Number of full-service banking branches operated	'	9	'	'	'
Percentage of interest acquired	'	'	50.00%	'	'
Percentage of interest after reduction through a sale of a partial interest	'	'	'	'	25.00%
Number of mortgage only offices	'	'	'	3	'
Operating Segments	'	'	'	'	'
Number of operating segments	3	'	'	'	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Loans and Allowance for Loan Losses	'	'
Period past due for loans to be considered as delinquent	'31 days	'
Minimum period loans are past due as condition for determining whether impaired	'90 days	'
Mortgage Servicing Rights	'	'
Amortization on the servicing asset	$369	$47
Loans serviced for others	$248,491	$89,295
Minimum	'	'
Derivative Financial Instruments	'	'
Period between issuance of a loan commitment and closing and sale of the loan	'30 days	'
Maximum	'	'
Derivative Financial Instruments	'	'
Period between issuance of a loan commitment and closing and sale of the loan	'120 days	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
In Thousands, unless otherwise specified			Buildings and leasehold improvements	Buildings and leasehold improvements	Furniture, fixtures and equipment	Furniture, fixtures and equipment
			Minimum	Maximum	Minimum	Maximum
Premises and Equipment	'	'	'	'	'	'
Estimated useful lives	'	'	'7 years	'40 years	'3 years	'10 years
Intangible Assets and Goodwill	'	'	'	'	'	'
Goodwill	$17,779	$17,622	'	'	'	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Foreclosed Assets Held for Resale	'	'
Other real estate	$375	$207
Numerator for both basic and diluted earnings per share:	'	'
Net Income	4,020	4,168
Less: Dividends on preferred stock	85	136
Net Income available to common shareholders	3,935	4,032
Denominator:	'	'
Total average shares outstanding	6,657,093	4,388,650
Effect of dilutive stock options (in shares)	281,935	120,584
Total diluted average shares outstanding	6,939,028	4,509,234
Earnings Per Share - Basic (in dollars per share)	$0.59	$0.92
Earnings Per Share - Diluted (in dollars per share)	$0.57	$0.90
Advertising Costs	'	'
Advertising expense	1,444	647
Bank	'	'
Summary of significant accounting policies	'	'
FHLB stock	$6,267	$2,798
FHLB stock par value (in dollars per share)	$100	'

INVESTMENT_SECURITIES_Details

INVESTMENT SECURITIES (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Amortized cost and fair values of investment securities held-to-maturity	'	'
Amortized Cost	$56,670	$35,370
Unrealized Gain	367	988
Unrealized Loss	-2,919	-140
Fair Value	54,118	36,218
Municipal securities	'	'
Amortized cost and fair values of investment securities held-to-maturity	'	'
Amortized Cost	56,670	35,370
Unrealized Gain	367	988
Unrealized Loss	-2,919	-140
Fair Value	$54,118	$36,218

INVESTMENT_SECURITIES_Details_

INVESTMENT SECURITIES (Details 2) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Amortized cost and fair values of investment securities available-for-sale	'	'
Amortized Cost	$108,871	$78,978
Unrealized Gain	305	575
Unrealized Loss	-2,765	-175
Fair Value	106,411	79,378
Debt Securities	'	'
Amortized cost and fair values of investment securities available-for-sale	'	'
Amortized Cost	108,061	78,168
Unrealized Gain	118	575
Unrealized Loss	-2,765	-175
Fair Value	105,414	78,568
U.S. Agency securities	'	'
Amortized cost and fair values of investment securities available-for-sale	'	'
Amortized Cost	60,744	21,951
Unrealized Gain	'	247
Unrealized Loss	-1,922	-6
Fair Value	58,822	22,192
U.S. Sponsored Mortgage backed securities	'	'
Amortized cost and fair values of investment securities available-for-sale	'	'
Amortized Cost	47,317	56,217
Unrealized Gain	118	328
Unrealized Loss	-843	-169
Fair Value	46,592	56,376
Equity and other securities	'	'
Amortized cost and fair values of investment securities available-for-sale	'	'
Amortized Cost	810	810
Unrealized Gain	187	'
Fair Value	$997	$810

INVESTMENT_SECURITIES_Details_1

INVESTMENT SECURITIES (Details 3) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Held to Maturity, Amortized Cost	'	'
After one year, but within five	$1,707	'
After five years, but within ten	14,062	'
After ten Years	40,901	'
Total	56,670	'
Held to Maturity, Approximate Fair Value	'	'
After one year, but within five	1,749	'
After five years, but within ten	13,928	'
After ten Years	38,441	'
Fair Value	54,118	36,218
Available for sale, Amortized Cost	'	'
After one year, but within five	24,857	'
After five years, but within ten	47,208	'
After ten Years	35,996	'
Total	108,061	'
Available for sale, Fair Value	'	'
After one year, but within five	24,456	'
After five years, but within ten	45,698	'
After ten Years	35,260	'
Fair Value	105,414	'
Carrying value of investment securities pledged	$152,193	$98,209

INVESTMENT_SECURITIES_Details_2

INVESTMENT SECURITIES (Details 4) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Investments in an unrealized loss position	'	'
Less than 12 months, Fair Value	$109,293	$49,580
Less than 12 months, Unrealized Loss	-4,570	-315
12 months or more, Fair Value	24,252	'
12 months or more, Unrealized Loss	-1,114	'
Sales of investment securities available-for-sale	15,237	48,617
Gains on the sale of investments available-for-sale	145	665
Losses on the sale of investments available-for-sale	0	27
U.S. Agency securities	'	'
Investments in an unrealized loss position	'	'
Number of investments in an unrealized loss position	19	3
Less than 12 months, Fair Value	58,822	9,676
Less than 12 months, Unrealized Loss	-1,922	-6
U.S. Sponsored Mortgage backed securities	'	'
Investments in an unrealized loss position	'	'
Number of investments in an unrealized loss position	18	11
Less than 12 months, Fair Value	14,969	28,688
Less than 12 months, Unrealized Loss	-113	-169
12 months or more, Fair Value	19,781	'
12 months or more, Unrealized Loss	-730	'
Municipal securities	'	'
Investments in an unrealized loss position	'	'
Number of investments in an unrealized loss position	103	28
Less than 12 months, Fair Value	35,502	11,216
Less than 12 months, Unrealized Loss	-2,535	-140
12 months or more, Fair Value	4,471	'
12 months or more, Unrealized Loss	($384)	'

LOANS_AND_ALLOWANCE_FOR_LOAN_L2

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
LOANS AND ALLOWANCE FOR LOAN LOSSES	'	'
Proceeds of loans sold	$1,040,782	$146,068
Gains on loans held for sale	21,895	3,850
Components of loans	'	'
Total Loans	622,305	446,443
Net deferred fees and costs	1,462	785
Commercial and non-residential real estate	'	'
Components of loans	'	'
Total Loans	457,388	299,639
Residential real estate	'	'
Components of loans	'	'
Total Loans	118,204	113,212
Home Equity	'	'
Components of loans	'	'
Total Loans	27,797	16,800
Installment	'	'
Components of loans	'	'
Total Loans	18,285	16,174
Credit Card	'	'
Components of loans	'	'
Total Loans	$631	$618

LOANS_AND_ALLOWANCE_FOR_LOAN_L3

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 2) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Primary segments of the loan portfolio:	'	'
Individually evaluated for impairment	$6,636	$3,118
Collectively evaluated for impairment	615,669	443,325
Total Loans	622,305	446,443
Commercial	'	'
Primary segments of the loan portfolio:	'	'
Individually evaluated for impairment	6,254	3,074
Collectively evaluated for impairment	451,134	296,565
Total Loans	457,388	299,639
Residential	'	'
Primary segments of the loan portfolio:	'	'
Individually evaluated for impairment	261	43
Collectively evaluated for impairment	117,943	113,169
Total Loans	118,204	113,212
Home Equity	'	'
Primary segments of the loan portfolio:	'	'
Individually evaluated for impairment	28	'
Collectively evaluated for impairment	27,769	16,800
Total Loans	27,797	16,800
Installment	'	'
Primary segments of the loan portfolio:	'	'
Individually evaluated for impairment	92	1
Collectively evaluated for impairment	18,193	16,173
Total Loans	18,285	16,174
Credit Cards	'	'
Primary segments of the loan portfolio:	'	'
Individually evaluated for impairment	1	'
Collectively evaluated for impairment	630	618
Total Loans	$631	$618

LOANS_AND_ALLOWANCE_FOR_LOAN_L4

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 3) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Impaired loans by class	'	'
Impaired Loans with Specific Allowance, Recorded Investment	$6,448	$3,118
Impaired Loans with Specific Allowance, Related Allowance	1,458	723
Impaired Loans with No Specific Allowance, Recorded Investment	188	'
Total Impaired Loans, Recorded Investment	6,636	3,118
Total Impaired Loans, Unpaid Principal Balance	6,636	3,118
Commercial	'	'
Impaired loans by class	'	'
Impaired Loans with Specific Allowance, Recorded Investment	6,134	3,074
Impaired Loans with Specific Allowance, Related Allowance	1,243	683
Impaired Loans with No Specific Allowance, Recorded Investment	120	'
Total Impaired Loans, Recorded Investment	6,254	3,074
Total Impaired Loans, Unpaid Principal Balance	6,254	3,074
Residential	'	'
Impaired loans by class	'	'
Impaired Loans with Specific Allowance, Recorded Investment	261	43
Impaired Loans with Specific Allowance, Related Allowance	175	16
Total Impaired Loans, Recorded Investment	261	43
Total Impaired Loans, Unpaid Principal Balance	261	43
Home Equity	'	'
Impaired loans by class	'	'
Impaired Loans with Specific Allowance, Recorded Investment	28	'
Impaired Loans with Specific Allowance, Related Allowance	28	'
Total Impaired Loans, Recorded Investment	28	'
Total Impaired Loans, Unpaid Principal Balance	28	'
Installment	'	'
Impaired loans by class	'	'
Impaired Loans with Specific Allowance, Recorded Investment	24	1
Impaired Loans with Specific Allowance, Related Allowance	11	24
Impaired Loans with No Specific Allowance, Recorded Investment	68	'
Total Impaired Loans, Recorded Investment	92	1
Total Impaired Loans, Unpaid Principal Balance	92	1
Credit Card	'	'
Impaired loans by class	'	'
Impaired Loans with Specific Allowance, Recorded Investment	1	'
Impaired Loans with Specific Allowance, Related Allowance	1	'
Total Impaired Loans, Recorded Investment	1	'
Total Impaired Loans, Unpaid Principal Balance	$1	'

LOANS_AND_ALLOWANCE_FOR_LOAN_L5

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 4) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
	item	Dec. 31, 2012
Average recorded investment in impaired loans and related interest income recognized	'	'
Average investment in impaired loans	$4,623	$2,970
Interest income recognized on an accrual basis on impaired loans	$180	$112
Number of points in internal risk rating system	9	'
Number of categories in internal risk rating system considered as not criticized	6	'
Maximum period above which loans past due are considered Substandard	'90 days	'

LOANS_AND_ALLOWANCE_FOR_LOAN_L6

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 5) (USD $)	12 Months Ended
LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 5) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Minimum threshold for performing annual review of commercial relationship	$750,000	'
Total Loans	622,305,000	446,443,000
Pass	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	598,626,000	430,070,000
Special Mention	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	14,949,000	11,549,000
Substandard	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	8,730,000	2,072,000
Doubtful	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	'	2,752,000
Commercial	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	457,388,000	299,639,000
Commercial \| Pass	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	437,474,000	286,472,000
Commercial \| Special Mention	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	11,566,000	8,646,000
Commercial \| Substandard	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	8,348,000	1,770,000
Commercial \| Doubtful	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	'	2,751,000
Residential	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	118,204,000	113,212,000
Residential \| Pass	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	115,283,000	110,663,000
Residential \| Special Mention	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	2,660,000	2,260,000
Residential \| Substandard	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	261,000	289,000
Home Equity	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	27,797,000	16,800,000
Home Equity \| Pass	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	27,662,000	16,540,000
Home Equity \| Special Mention	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	107,000	260,000
Home Equity \| Substandard	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	28,000	'
Installment	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	18,285,000	16,174,000
Installment \| Pass	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	17,579,000	15,806,000
Installment \| Special Mention	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	614,000	354,000
Installment \| Substandard	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	92,000	13,000
Installment \| Doubtful	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	'	1,000
Credit Card	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	631,000	618,000
Credit Card \| Pass	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	628,000	589,000
Credit Card \| Special Mention	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	2,000	29,000
Credit Card \| Substandard	'	'
Classes of the loan portfolio summarized by credit quality indicators:	'	'
Total Loans	$1,000	'

LOANS_AND_ALLOWANCE_FOR_LOAN_L7

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 6) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
	item	Dec. 31, 2012
Aging categories of performing loans and nonaccrual loans	'	'
Current	$619,113	$436,575
30-59 Days Past Due	1,737	2,770
60-89 Days Past Due	217	519
90 Days + Past Due	849	3,454
Total Past Due	2,803	6,743
Total Loans	622,305	446,443
Non-Accrual	389	3,125
90 Days+ Still Accruing	460	329
Increased amount of interest income on loans	47	144
Number of rolling quarters utilized by Commercial, Residential, Home Equity, Installment and Credit Card pools	12	'
Commercial	'	'
Aging categories of performing loans and nonaccrual loans	'	'
Current	456,580	292,214
30-59 Days Past Due	216	767
60-89 Days Past Due	24	221
90 Days + Past Due	284	3,356
Total Past Due	524	4,344
Total Loans	457,388	299,639
Non-Accrual	284	3,081
90 Days+ Still Accruing	'	275
Residential	'	'
Aging categories of performing loans and nonaccrual loans	'	'
Current	116,121	111,010
30-59 Days Past Due	1,401	1,772
60-89 Days Past Due	193	293
90 Days + Past Due	460	94
Total Past Due	2,054	2,159
Total Loans	118,204	113,212
Non-Accrual	29	43
90 Days+ Still Accruing	431	51
Home Equity	'	'
Aging categories of performing loans and nonaccrual loans	'	'
Current	27,741	16,772
30-59 Days Past Due	28	28
90 Days + Past Due	28	'
Total Past Due	56	28
Total Loans	27,797	16,800
90 Days+ Still Accruing	28	'
Installment	'	'
Aging categories of performing loans and nonaccrual loans	'	'
Current	18,043	15,990
30-59 Days Past Due	90	179
90 Days + Past Due	76	4
Total Past Due	166	183
Total Loans	18,285	16,174
Non-Accrual	76	1
90 Days+ Still Accruing	'	3
Credit Card	'	'
Aging categories of performing loans and nonaccrual loans	'	'
Current	628	589
30-59 Days Past Due	2	24
60-89 Days Past Due	'	5
90 Days + Past Due	1	'
Total Past Due	3	29
Total Loans	631	618
90 Days+ Still Accruing	$1	'

LOANS_AND_ALLOWANCE_FOR_LOAN_L8

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 7) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Changes in the allowance for loan losses	'	'
Balance at beginning of period	$4,076	$3,045
Charge-offs	-1,529	-1,791
Recoveries	128	22
Provision	2,260	2,800
Balance at end of period	4,935	4,076
Individually evaluated for impairment	1,458	723
Collectively evaluated for impairment	3,477	3,353
Loans purchased	76,052	'
Commercial	'	'
Changes in the allowance for loan losses	'	'
Balance at beginning of period	3,107	2,164
Charge-offs	-1,458	-1,731
Recoveries	57	5
Provision	1,903	2,669
Balance at end of period	3,609	3,107
Individually evaluated for impairment	1,243	683
Collectively evaluated for impairment	2,366	2,424
Loans purchased	74,300	'
Increase (Decrease) in provision for loan losses	-766	'
Residential	'	'
Changes in the allowance for loan losses	'	'
Balance at beginning of period	514	366
Charge-offs	-38	'
Recoveries	60	'
Provision	-17	148
Balance at end of period	519	514
Individually evaluated for impairment	175	16
Collectively evaluated for impairment	344	498
Home Equity	'	'
Changes in the allowance for loan losses	'	'
Balance at beginning of period	242	249
Charge-offs	'	-9
Recoveries	10	5
Provision	302	-3
Balance at end of period	554	242
Individually evaluated for impairment	28	'
Collectively evaluated for impairment	526	242
Increase (Decrease) in provision for loan losses	305	'
Installment	'	'
Changes in the allowance for loan losses	'	'
Balance at beginning of period	200	255
Charge-offs	-12	-51
Recoveries	1	12
Provision	50	-16
Balance at end of period	239	200
Individually evaluated for impairment	11	24
Collectively evaluated for impairment	228	176
Credit Card	'	'
Changes in the allowance for loan losses	'	'
Balance at beginning of period	13	11
Charge-offs	-21	'
Provision	22	2
Balance at end of period	14	13
Individually evaluated for impairment	1	'
Collectively evaluated for impairment	$13	$13

LOANS_AND_ALLOWANCE_FOR_LOAN_L9

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 8) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
	contract	contract
LOANS AND ALLOWANCE FOR LOAN LOSSES	'	'
Specific reserve allocations for TDR's	$268	$154
Details related to loans identified as Troubled Debt Restructurings (TDRs):	'	'
Number of Contracts	10	6
Pre-Modification Outstanding Recorded Investment	4,856	1,248
Post-Modification Outstanding Recorded Investment	4,736	1,248
Commercial	'	'
Details related to loans identified as Troubled Debt Restructurings (TDRs):	'	'
Number of Contracts	6	3
Pre-Modification Outstanding Recorded Investment	4,820	1,235
Post-Modification Outstanding Recorded Investment	4,702	1,235
Home equity	'	'
Details related to loans identified as Troubled Debt Restructurings (TDRs):	'	'
Number of Contracts	1	'
Pre-Modification Outstanding Recorded Investment	28	'
Post-Modification Outstanding Recorded Investment	28	'
Installment	'	'
Details related to loans identified as Troubled Debt Restructurings (TDRs):	'	'
Number of Contracts	3	3
Pre-Modification Outstanding Recorded Investment	8	13
Post-Modification Outstanding Recorded Investment	$6	$13

PREMISES_AND_EQUIPMENT_Details

PREMISES AND EQUIPMENT (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Premises and equipment	'	'
Premises and equipment, gross	$22,088	$15,587
Accumulated depreciation	-5,169	-4,233
Premises and equipment, net	16,919	11,354
Depreciation	936	533
Land	'	'
Premises and equipment	'	'
Premises and equipment, gross	1,976	1,243
Buildings and improvements	'	'
Premises and equipment	'	'
Premises and equipment, gross	7,755	6,179
Furniture, fixtures and equipment	'	'
Premises and equipment	'	'
Premises and equipment, gross	7,000	4,882
Construction in progress	'	'
Premises and equipment	'	'
Premises and equipment, gross	4,154	2,668
Leasehold improvements	'	'
Premises and equipment	'	'
Premises and equipment, gross	$1,203	$615

DEPOSITS_Details

DEPOSITS (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Demand deposits of individuals, partnerships, and corporations	'	'
Interest bearing demand	$320,420	$225,369
Non-interest bearing demand	63,336	54,619
Savings and money markets	70,902	48,789
Time deposits including CDs and IRAs	241,153	157,742
Total Deposits	695,811	486,519
Time deposits of over $100 included above	163,209	86,872
Maturities of time deposits	'	'
2014	204,848	'
2015	13,564	'
2016	7,383	'
2017	5,471	'
2018	9,887	'
Total	$241,153	$157,742

BORROWED_FUNDS_Details

BORROWED FUNDS (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Short-term borrowings and Repurchase Agreements	'	'
Balance at end of year	$179,606	$93,299
Average balance during the year	135,852	74,040
Maximum month-end balance	179,606	93,299
Weighted-average rate during the year	0.52%	0.72%
Rate at the end of the period	0.43%	0.66%
Repurchase agreements	'	'
Short-term borrowings and Repurchase Agreements	'	'
Balance at end of year	81,600	70,200
Short-term borrowings from FHLB	'	'
Short-term borrowings and Repurchase Agreements	'	'
Balance at end of year	$98,000	$82,100

BORROWED_FUNDS_Details_2

BORROWED FUNDS (Details 2) (USD $)	12 Months Ended
BORROWED FUNDS (Details 2) (USD $)	Dec. 31, 2013	Dec. 31, 2012
BORROWED FUNDS	'	'
Remaining maximum borrowing capacity with the FHLB	$107,660,000	'
Borrowed funds	'	'
Borrowings from the FHLB	6,619,000	9,535,000
PMG	'	'
Borrowed funds	'	'
Line of credit outstanding	'	59,000,000
Number of floating rate lines of credit with other banks	'	3
Fixed interest rate note, originating between April 1999 and December 2007, due between April 2014 and April 2022	'	'
Borrowed funds	'	'
Borrowings from the FHLB	5,759,000	6,656,000
Fixed interest rate note, originating between April 1999 and December 2007, due between April 2014 and April 2022 \| Minimum	'	'
Borrowed funds	'	'
Interest rate on debt security (as a percent)	4.50%	4.50%
Fixed interest rate note, originating between April 1999 and December 2007, due between April 2014 and April 2022 \| Maximum	'	'
Borrowed funds	'	'
Interest rate on debt security (as a percent)	5.90%	5.90%
Fixed interest rate note originating March 2008, due March 2013	'	'
Borrowed funds	'	'
Borrowings from the FHLB	'	2,000,000
Interest rate on debt security (as a percent)	'	2.37%
Amortizing fixed interest rate note, originating February 2007, due February 2022	'	'
Borrowed funds	'	'
Borrowings from the FHLB	860,000	879,000
Interest rate on debt security (as a percent)	5.22%	5.22%
Monthly installments	$5,000	$5,000

BORROWED_FUNDS_Details_3

BORROWED FUNDS (Details 3) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2013
Maturities of borrowings over the next five years	'
2014	$1,161
2015	169
2016	1,246
2017	1,470
2018	81
Thereafter	2,492
Total	$6,619

BORROWED_FUNDS_Details_4

BORROWED FUNDS (Details 4) (USD $)	12 Months Ended
BORROWED FUNDS (Details 4) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Mar. 31, 2007
Subordinated Debentures	'	'	'
Borrowed funds	$4,124,000	$4,124,000	'
Interest expense on borrowed funds	79,000	87,000	'
Subordinated Debentures	'	'	'
Subordinated Debentures	'	'	'
Face amount of debt issued	'	'	4,000,000
Variable rate basis spread (as a percent)	1.62%	'	'
Debt instrument interest rate description	'three month LIBOR Rate	'	'
Borrowed funds	4,100,000	4,100,000	'
Interest expense on borrowed funds	$79,000	$87,000	'

COMMITMENTS_AND_CONTINGENT_LIA2

COMMITMENTS AND CONTINGENT LIABILITIES (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Financial Instruments with Off-Balance-Sheet Risk	'	'
Total contractual amounts of the commitments	$92,317	$62,431
Average balance maintained in accordance with Federal Reserve Board requirements	7,986	'
Available on lines of credit	'	'
Financial Instruments with Off-Balance-Sheet Risk	'	'
Total contractual amounts of the commitments	89,956	60,357
Stand-by letters of credit	'	'
Financial Instruments with Off-Balance-Sheet Risk	'	'
Total contractual amounts of the commitments	680	458
Other loan commitments	'	'
Financial Instruments with Off-Balance-Sheet Risk	'	'
Total contractual amounts of the commitments	$1,681	$1,616

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Current:	'	'
Federal	$216	$1,479
State	273	331
Total current	489	1,810
Deferred expense(benefit)	'	'
Federal	464	-115
State	30	-29
Total deferred expense(benefit)	494	-144
Income tax expense	983	1,666
Reconciliation of income taxes at federal statutory rates to recorded income taxes, Amount	'	'
Tax at Federal tax rate	1,701	1,984
Tax effect of:	'	'
State income tax	125	146
Tax exempt earnings	-839	-465
Other	-4	1
Income tax expense	983	1,666
Reconciliation of income taxes at federal statutory rates to recorded income taxes, %	'	'
Tax at Federal tax rate (as a percent)	34.00%	34.00%
Tax effect of:	'	'
State income tax (as a percent)	2.50%	2.50%
Tax exempt earnings (as a percent)	-16.80%	-8.00%
Other (as a percent)	0.00%	0.00%
Total (as a percent)	19.70%	28.50%
Deferred income tax assets and (liabilities)	'	'
Allowance for loan losses	1,263	1,203
Minimum pension liability	990	1,157
Unrealized gain on securities available-for-sale	984	'
Gross deferred tax assets	3,237	2,360
Depreciation	-747	-477
Unrealized loss on securities available-for-sale	'	-160
Pension	-22	-184
Goodwill	-446	'
Gross deferred tax liabilities	-1,215	-821
Net deferred tax asset	2,022	1,539
Deferred income tax valuation allowance	0	'
Liability for uncertain tax positions	0	'
Unrecognized tax benefits	$0	'

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Related loan activity	'	'
Balance at Beginning of Year	$23,571	$13,300
Borrowings	3,090	12,978
Retirement	-7,723	'
Repayments	-848	-2,707
Balance at end of Year	18,090	23,571
Related party deposits	4,637	11,483
Related party repurchase agreements	$1,467	$361

PENSION_PLAN_Details

PENSION PLAN (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Change in benefit obligation	'	'
Benefit obligation at beginning of year	$5,798	$4,214
Service cost	651	424
Interest cost	247	210
Actuarial loss	-65	998
Benefits paid	-139	-48
Benefit obligation at end of year	6,492	5,798
Change in plan assets:	'	'
Fair value of plan assets at beginning of year	3,366	2,198
Actual return on plan assets	435	232
Employer contribution	409	984
Benefits paid	-139	-48
Fair value of plan assets at end of year	4,071	3,366
Funded status	-2,421	-2,432
Unrecognized net actuarial loss	2,475	2,890
Unrecognized prior service cost	'	2
Prepaid pension cost recognized	54	460
Accumulated benefit obligation	$4,983	$4,473

PENSION_PLAN_Details_2

PENSION PLAN (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Weighted average assumptions used to determine the benefit obligation	'	'
Discount rate (as a percent)	4.86%	4.31%
Rate of compensation increase (as a percent)	3.00%	3.00%
Components of net periodic pension cost	'	'
Service cost	$651	$424
Interest cost	247	210
Expected return on plan assets	-271	-251
Amortization of prior service costs	2	2
Amortization of loss	186	117
Net periodic pension cost	$815	$502
Weighted average assumptions used to determine net periodic pension cost	'	'
Discount rate (as a percent)	4.31%	5.06%
Expected long-term rate of return on plan assets (as a percent)	7.46%	8.00%
Rate of compensation increase (as a percent)	3.00%	3.00%

PENSION_PLAN_Details_3

PENSION PLAN (Details 3) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Pension plan asset allocations as well as target allocations for 2014	'	'
Total (as a percent)	100.00%	100.00%
Net transition obligation (asset), prior service cost (credit), and estimated net loss (gain) for the plan that are expected to be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year	'	'
Estimated net loss (gain) for the plan expected to be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year	$143	'
Cash	'	'
Pension plan asset allocations as well as target allocations for 2014	'	'
Total (as a percent)	7.00%	10.00%
Fixed income	'	'
Pension plan asset allocations as well as target allocations for 2014	'	'
Total (as a percent)	28.00%	36.00%
Alternative investments	'	'
Pension plan asset allocations as well as target allocations for 2014	'	'
Total (as a percent)	12.00%	10.00%
Domestic equities	'	'
Pension plan asset allocations as well as target allocations for 2014	'	'
Total (as a percent)	33.00%	28.00%
Foreign equities	'	'
Pension plan asset allocations as well as target allocations for 2014	'	'
Total (as a percent)	17.00%	11.00%
Real estate inv. Trusts (REITs)	'	'
Pension plan asset allocations as well as target allocations for 2014	'	'
Total (as a percent)	3.00%	5.00%

PENSION_PLAN_Details_4

PENSION PLAN (Details 4) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	$4,071	$3,366	$2,198
Best estimate of the plan contribution for next fiscal year	'	'	'
Contributions for the period of 01/01/14 through 12/31/14	440	'	'
Estimated future benefit payments reflecting expected future service	'	'	'
2014	141	'	'
2015	148	'	'
2016	207	'	'
2017	216	'	'
2018	245	'	'
2019 through 2023	1,686	'	'
Level I	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	3,582	2,525	'
Level II	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	489	841	'
Total	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	4,071	3,366	'
Cash \| Level I	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	285	'	'
Cash \| Total	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	285	'	'
Fixed income \| Level I	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	1,140	'	'
Fixed income \| Total	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	1,140	'	'
Alternative investments \| Level II	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	489	'	'
Alternative investments \| Total	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	489	'	'
Domestic equities \| Level I	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	1,343	'	'
Domestic equities \| Total	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	1,343	'	'
Foreign equities \| Level I	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	692	'	'
Foreign equities \| Total	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	692	'	'
Real estate inv. Trusts \| Level I	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	122	'	'
Real estate inv. Trusts \| Total	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	122	'	'
Cash and cash equivalents \| Level I	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	'	707	'
Cash and cash equivalents \| Total	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	'	707	'
Investment in equity securities \| Level I	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	'	1,818	'
Investment in equity securities \| Total	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	'	1,818	'
Investment in debt securities \| Level II	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	'	841	'
Investment in debt securities \| Total	'	'	'
Plan's assets at fair value by level, within the fair value hierarchy	'	'	'
Total assets at fair value	'	$841	'

INTANGIBLE_ASSETS_Details

INTANGIBLE ASSETS (Details) (USD $)	0 Months Ended	12 Months Ended
INTANGIBLE ASSETS (Details) (USD $)	Oct. 07, 2005	Dec. 31, 2013	Dec. 31, 2012
Intangible assets	'	'	'
Goodwill	'	$17,779,000	$17,622,000
Service office in the Charles Town area	'	'	'
Intangible assets	'	'	'
Assets	1,800,000	'	'
Deposits	17,100,000	'	'
Goodwill	897,000	'	'
Service office in the Charles Town area \| Core deposit intangibles	'	'	'
Intangible assets	'	'	'
Amortization period	'10 years	'	'
Original amount of intangible assets	'	128,000	'
Accumulated amortization	'	123,000	'
Amount remaining to be amortized	'	5,000	12,000
Period over which remaining amount of intangible assets will be amortized	'	'2 years	'
PMG	'	'	'
Intangible assets	'	'	'
Goodwill	'	'	$16,900,000

STOCK_OFFERING_Details

STOCK OFFERING (Details) (USD $)	0 Months Ended	12 Months Ended				0 Months Ended	12 Months Ended
	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Sep. 08, 2011	Dec. 31, 2013	Dec. 31, 2011
	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Common Stock	Common Stock	Preferred Stock	Preferred Stock	Preferred Stock
Stock offering	'	'	'	'	'	'	'	'
Stock offering (in shares)	1,132,527	'	'	305,097	573,263	8,500	'	'
Stock offering in process	$27,100,000	$23,109,000	$13,734,000	$9,800,000	'	'	'	'
Common stock, shares outstanding	'	7,654,817	2,881,824	'	2,932,901	'	'	'
Shares issued under dividend reinvestment plan	'	'	'	31,760	41,538	'	'	'
Proceeds from issuance of shares under dividend reinvestment plan	'	913,000	973,000	912,896	973,000	'	'	'
SBLF capital received	'	'	'	'	'	$8,500,000	'	'
Preferred stock, par value (in dollars per share)	'	$1,000	$1,000	'	'	$1,000	'	'
Lowest dividend rate on SBLF capital (as a percent)	'	'	'	'	'	'	1.00%	1.00%
Period for which current dividend rate of SBLF capital will be utilized	'	'	'	'	'	'	'4 years 6 months	'

STOCK_OPTIONS_Details

STOCK OPTIONS (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2010
			Stock options	Stock options	Stock options	Stock options	Stock options	Stock options
					Awards granted in 2005	Awards granted in 2006, 2010, 2011, 2012 and 2013	Awards granted in 2006, 2010, 2011, 2012 and 2013	Awards granted in 2006, 2010, 2011, 2012 and 2013
						Awards other than 22,000 granted in 2010	22,000 shares granted in 2010	22,000 shares granted in 2010
Stock options	'	'	'	'	'	'	'	'
Vesting period	'	'	'	'	'	'5 years	'3 years	'
Expiration term	'	'	'	'	'10 years	'10 years	'10 years	'
Shares authorized for issuance	'	'	2,200,000	'	'	'	'	'
Shares available for issuance	'	'	987,780	'	'	'	'	'
Total compensation expense	$196,000	$138,000	'	'	'	'	'	'
Common stock options exercised	323,000	'	323,000	'	'	'	'	'
Number of Shares	'	'	'	'	'	'	'	'
Outstanding at beginning of year (in shares)	'	'	638,152	'	'	'	'	'
Granted (in shares)	'	'	502,000	'	'	'	'	22,000
Exercised (in shares)	'	'	-44,342	0	'	'	'	'
Forfeited/expired (in shares)	'	'	-4,400	'	'	'	'	'
Outstanding at end of year (in shares)	'	'	1,091,410	638,152	'	'	'	'
Exercisable at end of year (in shares)	'	'	379,270	'	'	'	'	'
Weighted-Average Exercise Price	'	'	'	'	'	'	'	'
Outstanding at beginning of year (in dollars per share)	'	'	$9.17	'	'	'	'	'
Granted (in dollars per share)	'	'	$13.48	'	'	'	'	'
Exercised (in dollars per share)	'	'	$7.28	'	'	'	'	'
Forfeited/expired (in dollars per share)	'	'	$10.23	'	'	'	'	'
Outstanding at end of year (in dollars per share)	'	'	$11.20	$9.17	'	'	'	'
Exercisable at end of year (in dollars per share)	'	'	$8.40	'	'	'	'	'
Additional disclosure	'	'	'	'	'	'	'	'
Weighted-average fair value of options granted during the year (in dollars per share)	'	'	$1.71	$1.19	'	'	'	'
Intrinsic value of options exercised	'	'	$736,077	'	'	'	'	'
Assumptions used to estimate the fair value of the options at the date of grant	'	'	'	'	'	'	'	'
Average risk-free interest rates (as a percent)	'	'	2.08%	1.67%	'	'	'	'
Weighted average expected life	'	'	'7 years	'7 years	'	'	'	'
Expected volatility of the entity's stock price (as a percent)	'	'	6.70%	5.60%	'	'	'	'
Expected dividend yield (as a percent)	'	'	0.50%	0.50%	'	'	'	'

STOCK_OPTIONS_Details_2

STOCK OPTIONS (Details 2) (Stock options, USD $)	12 Months Ended
STOCK OPTIONS (Details 2) (Stock options, USD $)	Dec. 31, 2013
Options Outstanding Weighted-Average Exercise Price	'
Information concerning stock options outstanding	'
Options Outstanding (in shares)	1,091,410
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$11.20
Options Outstanding, Intrinsic Value	$5,897,429
Options Outstanding, Weighted- Average Remaining Life	'7 years 1 month 13 days
Options Exercisable Weighted-Average Exercise Price	'
Information concerning stock options outstanding	'
Options Exercisable, Number Exercisable (in shares)	379,270
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$8.40
Options Exercisable, Intrinsic Value	$3,111,014
Options Exercisable, Weighted-Average Remaining Life	'3 years 9 months 22 days

REGULATORY_CAPITAL_REQUIREMENT2

REGULATORY CAPITAL REQUIREMENTS (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Total Capital (to risk-weighted assets)	'	'
ACTUAL, AMOUNT	$84,361	$55,527
ACTUAL, RATIO (as a percent)	12.90%	12.30%
MINIMUM FOR CAPITAL ADEQUACY PURPOSES, AMOUNT	52,175	36,243
MINIMUM FOR CAPITAL ADEQUACY PURPOSES, RATIO (as a percent)	8.00%	8.00%
Tier I Capital (to risk-weighted assets)	'	'
ACTUAL, AMOUNT	79,342	51,451
ACTUAL, RATIO (as a percent)	12.20%	11.40%
MINIMUM FOR CAPITAL ADEQUACY PURPOSES, AMOUNT	26,087	18,121
MINIMUM FOR CAPITAL ADEQUACY PURPOSES, RATIO (as a percent)	4.00%	4.00%
Tier I Capital (to average assets)	'	'
ACTUAL, AMOUNT	79,342	51,451
ACTUAL, RATIO (as a percent)	8.90%	8.40%
MINIMUM FOR CAPITAL ADEQUACY PURPOSES, AMOUNT	35,840	25,323
MINIMUM FOR CAPITAL ADEQUACY PURPOSES, RATIO (as a percent)	4.00%	4.00%
Subsidiary Bank	'	'
Total Capital (to risk-weighted assets)	'	'
ACTUAL, AMOUNT	86,028	59,231
ACTUAL, RATIO (as a percent)	13.20%	13.10%
MINIMUM TO BE WELL CAPITALIZED, AMOUNT	65,262	45,303
MINIMUM TO BE WELL CAPITALIZED, RATIO (as a percent)	10.00%	10.00%
MINIMUM FOR CAPITAL ADEQUACY PURPOSES, AMOUNT	52,209	36,243
MINIMUM FOR CAPITAL ADEQUACY PURPOSES, RATIO (as a percent)	8.00%	8.00%
Tier I Capital (to risk-weighted assets)	'	'
ACTUAL, AMOUNT	81,009	55,155
ACTUAL, RATIO (as a percent)	12.40%	12.20%
MINIMUM TO BE WELL CAPITALIZED, AMOUNT	39,157	27,182
MINIMUM TO BE WELL CAPITALIZED, RATIO (as a percent)	6.00%	6.00%
MINIMUM FOR CAPITAL ADEQUACY PURPOSES, AMOUNT	26,105	18,121
MINIMUM FOR CAPITAL ADEQUACY PURPOSES, RATIO (as a percent)	4.00%	4.00%
Tier I Capital (to average assets)	'	'
ACTUAL, AMOUNT	81,009	55,155
ACTUAL, RATIO (as a percent)	9.00%	9.00%
MINIMUM TO BE WELL CAPITALIZED, AMOUNT	44,800	31,630
MINIMUM TO BE WELL CAPITALIZED, RATIO (as a percent)	5.00%	5.00%
MINIMUM FOR CAPITAL ADEQUACY PURPOSES, AMOUNT	$35,840	$25,304
MINIMUM FOR CAPITAL ADEQUACY PURPOSES, RATIO (as a percent)	4.00%	4.00%

REGULATORY_RESTRICTION_ON_DIVI1

REGULATORY RESTRICTION ON DIVIDEND (Details)	12 Months Ended
REGULATORY RESTRICTION ON DIVIDEND (Details)	Dec. 31, 2013
REGULATORY RESTRICTION ON DIVIDEND	'
Number of preceding years, the retained net profits of which is considered for dividend payment	'2 years

LEASES_Details

LEASES (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Future minimum lease payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year	'	'
2014	$1,342	'
2015	988	'
2016	874	'
2017	645	'
2018	575	'
Thereafter	819	'
Total minimum payments required	5,243	'
Rent expense	$1,034	$251

FAIR_VALUE_OF_FINANCIAL_INSTRU2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
FAIR VALUE OF FINANCIAL INSTRUMENTS	'	'	'
Prepayments of principal amount of loans assumed	$0	'	'
Financial assets:	'	'	'
Cash and cash equivalents	39,843	25,340	10,041
Certificates of deposit with other banks	9,427	9,427	'
Securities available-for-sale	106,411	79,378	'
Securities held-to-maturity	54,118	36,218	'
Bank owned life insurance	16,062	10,524	'
Financial liabilities:	'	'	'
FHLB and other borrowings	104,647	91,617	'
Carrying Value	'	'	'
Financial assets:	'	'	'
Cash and cash equivalents	39,843	25,340	'
Certificates of deposit with other banks	9,427	9,427	'
Securities available-for-sale	106,411	79,378	'
Securities held-to-maturity	56,670	35,370	'
Loans held for sale	89,186	85,529	'
Loans	617,370	442,367	'
Derivative on loans held for sale	2,271	1,261	'
Bank owned life insurance	16,062	10,524	'
Accrued interest receivable	2,764	1,778	'
Financial liabilities:	'	'	'
Deposits	695,811	486,519	'
Repurchase agreements	81,578	70,234	'
FHLB and other borrowings	104,647	91,617	'
Accrued interest payable	327	329	'
Subordinated debt	4,124	4,124	'
Estimated Fair Value	'	'	'
Financial assets:	'	'	'
Cash and cash equivalents	39,843	25,340	'
Certificates of deposit with other banks	9,616	9,427	'
Securities available-for-sale	106,411	79,378	'
Securities held-to-maturity	54,118	36,218	'
Loans held for sale	89,186	85,529	'
Loans	620,295	453,082	'
Derivative on loans held for sale	2,271	1,261	'
Bank owned life insurance	16,062	10,524	'
Accrued interest receivable	2,764	1,778	'
Financial liabilities:	'	'	'
Deposits	697,301	498,244	'
Repurchase agreements	81,578	70,234	'
FHLB and other borrowings	104,742	94,487	'
Accrued interest payable	327	329	'
Subordinated debt	3,153	4,664	'
Estimated Fair Value \| Quoted Prices in Active Markets For Identical Assets (Level 1)	'	'	'
Financial assets:	'	'	'
Cash and cash equivalents	39,843	25,340	'
Certificates of deposit with other banks	'	9,427	'
Securities available-for-sale	187	'	'
Derivative on loans held for sale	2,271	1,261	'
Bank owned life insurance	16,062	10,524	'
Accrued interest receivable	2,764	1,778	'
Financial liabilities:	'	'	'
Deposits	454,658	328,777	'
Repurchase agreements	81,578	70,234	'
FHLB and other borrowings	98,028	'	'
Accrued interest payable	327	329	'
Subordinated debt	3,153	4,664	'
Estimated Fair Value \| Significant Other Observable Inputs (Level 2)	'	'	'
Financial assets:	'	'	'
Securities available-for-sale	106,224	79,378	'
Securities held-to-maturity	54,118	36,218	'
Loans held for sale	89,186	85,529	'
Estimated Fair Value \| Significant Unobservable Inputs (Level 3)	'	'	'
Financial assets:	'	'	'
Certificates of deposit with other banks	9,616	'	'
Loans	620,295	453,082	'
Financial liabilities:	'	'	'
Deposits	242,643	169,467	'
FHLB and other borrowings	$6,714	$94,487	'

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Fair value of assets and liabilities	'	'
Available-for-sale securities	$106,411	$79,378
U.S. Agency securities	'	'
Fair value of assets and liabilities	'	'
Available-for-sale securities	58,822	22,192
U.S. Sponsored Mortgage backed securities	'	'
Fair value of assets and liabilities	'	'
Available-for-sale securities	46,592	56,376
Equity and Other Securities	'	'
Fair value of assets and liabilities	'	'
Available-for-sale securities	997	810
Recurring \| U.S. Agency securities \| Level II	'	'
Fair value of assets and liabilities	'	'
Available-for-sale securities	58,822	22,192
Recurring \| U.S. Agency securities \| Total	'	'
Fair value of assets and liabilities	'	'
Available-for-sale securities	58,822	22,192
Recurring \| U.S. Sponsored Mortgage backed securities \| Level II	'	'
Fair value of assets and liabilities	'	'
Available-for-sale securities	46,592	56,376
Recurring \| U.S. Sponsored Mortgage backed securities \| Total	'	'
Fair value of assets and liabilities	'	'
Available-for-sale securities	46,592	56,376
Recurring \| Equity and Other Securities \| Level I	'	'
Fair value of assets and liabilities	'	'
Available-for-sale securities	187	'
Recurring \| Equity and Other Securities \| Level II	'	'
Fair value of assets and liabilities	'	'
Available-for-sale securities	810	810
Recurring \| Equity and Other Securities \| Total	'	'
Fair value of assets and liabilities	'	'
Available-for-sale securities	997	810
Non-recurring \| Level II	'	'
Assets measured at fair value on a nonrecurring basis	'	'
Loans held for sale	89,186	85,529
Derivative on loans held for sale	2,271	1,261
Non-recurring \| Level III	'	'
Assets measured at fair value on a nonrecurring basis	'	'
Other real estate owned	375	207
Impaired loans	5,178	3,118
Non-recurring \| Total	'	'
Assets measured at fair value on a nonrecurring basis	'	'
Loans held for sale	89,186	85,529
Derivative on loans held for sale	2,271	1,261
Other real estate owned	375	207
Impaired loans	$5,178	$3,118

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (Non-recurring, Appraisal of collateral, Level 3 inputs, USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Impaired loans	'	'
Quantitative information about assets measured at fair value on a non-recurring basis	'	'
Fair Value	$5,178	$3,118
Impaired loans \| Minimum	'	'
Quantitative information about assets measured at fair value on a non-recurring basis	'	'
Appraisal adjustments (as a percent)	20.00%	20.00%
Liquidation expenses (as a percent)	5.00%	5.00%
Impaired loans \| Maximum	'	'
Quantitative information about assets measured at fair value on a non-recurring basis	'	'
Appraisal adjustments (as a percent)	30.00%	30.00%
Liquidation expenses (as a percent)	10.00%	10.00%
Other real estate owned	'	'
Quantitative information about assets measured at fair value on a non-recurring basis	'	'
Fair Value	$375	$207
Other real estate owned \| Minimum	'	'
Quantitative information about assets measured at fair value on a non-recurring basis	'	'
Appraisal adjustments (as a percent)	20.00%	20.00%
Liquidation expenses (as a percent)	5.00%	5.00%
Other real estate owned \| Maximum	'	'
Quantitative information about assets measured at fair value on a non-recurring basis	'	'
Appraisal adjustments (as a percent)	30.00%	30.00%
Liquidation expenses (as a percent)	10.00%	10.00%

COMPREHENSIVE_INCOME_Details

COMPREHENSIVE INCOME (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Comprehensive Income	'	'
Gain on sale of securities	$145	$638
Salaries and employee benefits	27,067	9,266
Income before income taxes	5,003	5,834
Income tax expense	-983	-1,666
Net Income	4,020	4,168
Amount Reclassified from AOCI	'	'
Comprehensive Income	'	'
Net Income	200	'
Available-for-sale securities, Unrealized holding gains \| Amount Reclassified from AOCI	'	'
Comprehensive Income	'	'
Gain on sale of securities	145	'
Income before income taxes	145	'
Income tax expense	-58	'
Net Income	87	'
Defined benefit pension plan items, Change in defined benefit pension plan \| Amount Reclassified from AOCI	'	'
Comprehensive Income	'	'
Salaries and employee benefits	188	'
Income before income taxes	188	'
Income tax expense	-75	'
Net Income	$113	'

COMPREHENSIVE_INCOME_Details_2

COMPREHENSIVE INCOME (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
Accumulated other comprehensive income (loss), net of tax	'
Beginning balance	($1,495)
Other comprehensive loss before reclassification	-1,666
Amounts reclassified from AOCI	200
Net current period OCI	-1,466
Ending balance	-2,961
Unrealized gains (losses) on available-for-sale securities	'
Accumulated other comprehensive income (loss), net of tax	'
Beginning balance	240
Other comprehensive loss before reclassification	-1,803
Amounts reclassified from AOCI	87
Net current period OCI	-1,716
Ending balance	-1,476
Defined benefit pension plan items, Change in defined benefit pension plan	'
Accumulated other comprehensive income (loss), net of tax	'
Beginning balance	-1,735
Other comprehensive loss before reclassification	137
Amounts reclassified from AOCI	113
Net current period OCI	250
Ending balance	($1,485)

CONDENSED_FINANCIAL_STATEMENTS2

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Assets	'	'	'
TOTAL ASSETS	$987,060	$726,769	'
Liabilities	'	'	'
Long-term debt	6,619	'	'
Total Liabilities	893,038	659,220	'
Total Stockholders' Equity	94,022	67,549	47,732
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	987,060	726,769	'
Parent Company	'	'	'
Assets	'	'	'
Cash	362	158	'
Investment in subsidiaries	97,164	71,253	'
Other assets	717	302	'
TOTAL ASSETS	98,243	71,713	'
Liabilities	'	'	'
Other liabilities	97	40	'
Long-term debt	4,124	4,124	'
Total Liabilities	4,221	4,164	'
Total Stockholders' Equity	94,022	67,549	'
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$98,243	$71,713	'

CONDENSED_FINANCIAL_STATEMENTS3

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY (Details 3) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Condensed Statements of income	'	'
Expenses - operating	$50,402	'
Income tax (benefit)	983	1,666
Net Income	4,020	4,168
Preferred dividends	85	136
Net Income available to common shareholders	3,935	4,032
Comprehensive income	2,554	3,415
Parent Company	'	'
Condensed Statements of income	'	'
Income - dividends from bank subsidiary	2,666	531
Expenses - operating	499	350
Income before income taxes and undistributed earnings	2,167	181
Income tax (benefit)	-190	-133
Income after tax (benefit)	2,357	314
Equity in undistributed income earnings of subsidiaries	1,663	3,854
Net Income	4,020	4,168
Preferred dividends	85	136
Net Income available to common shareholders	3,935	4,032
Comprehensive income	$2,554	$3,415

CONDENSED_FINANCIAL_STATEMENTS4

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY (Details 4) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
OPERATING ACTIVITIES	'	'
Net income	$4,020	$4,168
Stock option expense	196	138
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	1,154	-10,935
INVESTING ACTIVITIES	'	'
NET CASH USED IN INVESTING ACTIVITIES	-244,039	-99,236
FINANCING ACTIVITIES	'	'
Proceeds of stock offering	23,109	13,734
Dividend reinvestment plan	913	973
Common stock options exercised	323	'
Cash dividends paid on common stock	-537	-307
Cash dividends paid on preferred stock	-85	-136
NET CASH PROVIDED BY FINANCING ACTIVITIES	257,388	125,470
Increase in cash and cash equivalents	14,503	15,299
Cash and cash equivalents at beginning of period	25,340	10,041
Cash and cash equivalents at end of period	39,843	25,340
Non-cash investing activity	'	'
Issuance of stock in acquisition	'	2,000
Parent Company	'	'
OPERATING ACTIVITIES	'	'
Net income	4,020	4,168
Equity in undistributed earnings of subsidiaries	-1,663	-3,854
Increase in other assets	-340	-9
Increase in other liabilities	57	15
Stock option expense	196	138
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	2,950	458
INVESTING ACTIVITIES	'	'
Investment in subsidiary	-26,469	-14,731
NET CASH USED IN INVESTING ACTIVITIES	-26,469	-14,731
FINANCING ACTIVITIES	'	'
Proceeds of stock offering	23,109	13,734
Dividend reinvestment plan	913	973
Common stock options exercised	323	'
Cash dividends paid on common stock	-537	-307
Cash dividends paid on preferred stock	-85	-136
NET CASH PROVIDED BY FINANCING ACTIVITIES	23,723	14,264
Increase in cash and cash equivalents	204	-9
Cash and cash equivalents at beginning of period	158	167
Cash and cash equivalents at end of period	362	158
Non-cash investing activity	'	'
Issuance of stock in acquisition	'	$2,000

SEGMENT_REPORTING_Details

SEGMENT REPORTING (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
	item	Dec. 31, 2012
SEGMENT REPORTING	'	'
Number of Reportable Segments	3	'
Revenues:	'	'
Interest income	$26,545	$22,254
Income on loans held for sale	21,895	3,850
Insurance income	1,722	'
Other income	5,243	'
Total operating income	55,405	'
Expenses:	'	'
Interest expense	5,549	4,930
Salaries and employee benefits	27,067	9,266
Provision for loan losses	2,260	2,800
Other expense	15,526	'
Total operating expenses	50,402	'
Income before income taxes	5,003	5,834
Income tax expense (benefit)	983	1,666
Net Income	4,020	4,168
Preferred stock dividends	85	136
Net Income available to common shareholders	3,935	4,032
Total assets	987,060	726,769
Capital expenditures	6,501	3,859
Goodwill	17,779	17,622
Commercial & Retail Banking	'	'
Revenues:	'	'
Income on loans held for sale	2,853	'
Other income	3,843	'
Expenses:	'	'
Salaries and employee benefits	12,441	'
Provision for loan losses	2,260	'
Other expense	9,811	'
Income before income taxes	2,258	'
Income tax expense (benefit)	5	'
Net Income	2,253	'
Preferred stock dividends	85	'
Net Income available to common shareholders	2,168	'
Capital expenditures	5,613	'
Goodwill	897	'
Mortgage Banking	'	'
Revenues:	'	'
Income on loans held for sale	19,042	'
Other income	1,400	'
Expenses:	'	'
Salaries and employee benefits	13,017	'
Other expense	5,081	'
Income before income taxes	3,266	'
Income tax expense (benefit)	1,240	'
Net Income	2,026	'
Net Income available to common shareholders	2,026	'
Capital expenditures	489	'
Goodwill	16,882	'
Insurance	'	'
Revenues:	'	'
Insurance income	1,722	'
Expenses:	'	'
Salaries and employee benefits	1,609	'
Other expense	634	'
Income before income taxes	-521	'
Income tax expense (benefit)	-262	'
Net Income	-259	'
Net Income available to common shareholders	-259	'
Capital expenditures	399	'
Operating segments \| Commercial & Retail Banking	'	'
Revenues:	'	'
Interest income	25,088	'
Total operating income	31,784	'
Expenses:	'	'
Interest expense	5,014	'
Total operating expenses	29,526	'
Total assets	1,021,097	'
Operating segments \| Mortgage Banking	'	'
Revenues:	'	'
Interest income	2,103	'
Total operating income	22,545	'
Expenses:	'	'
Interest expense	1,181	'
Total operating expenses	19,279	'
Total assets	92,290	'
Operating segments \| Insurance	'	'
Revenues:	'	'
Total operating income	1,722	'
Expenses:	'	'
Total operating expenses	2,243	'
Total assets	3,012	'
Intercompany Eliminations	'	'
Revenues:	'	'
Interest income	-646	'
Total operating income	-646	'
Expenses:	'	'
Interest expense	-646	'
Total operating expenses	-646	'
Total assets	($129,339)	'

MERGERS_AND_ACQUISITIONS_Detai

MERGERS AND ACQUISITIONS (Details) (CFG, Bank, Forecast, USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013
CFG \| Bank \| Forecast	'
Mergers and acquisitions	'
Aggregate consideration	$30
Consideration in cash	26
Consideration in shares of common stock	$4

STOCK_SPLIT_Details

STOCK SPLIT (Details) (Subsequent event)	0 Months Ended
STOCK SPLIT (Details) (Subsequent event)	Feb. 11, 2014
Subsequent event	'
Stock Split [Line Items]	'
Stock split ratio	2