Primis Financial (FRST) 10-Q 10 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 03, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Southern National Bancorp of Virginia Inc
Entity Central Index Key	1,325,670
Trading Symbol	sona
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		12,232,409
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Cash and cash equivalents:
Cash and due from financial institutions	$ 5,934	$ 5,702
Interest-bearing deposits in other financial institutions	68,592	32,618
Total cash and cash equivalents	74,526	38,320
Securities available for sale, at fair value	4,133	2,285
Securities held to maturity, at amortized cost (fair value of $92,028 and $94,093, respectively)	93,047	94,058
Total loans	760,043	703,472
Less allowance for loan losses	(7,994)	(7,414)
Net loans	752,049	696,058
Stock in Federal Reserve Bank and Federal Home Loan Bank	6,132	5,681
Equity investment in mortgage affiliate	4,293	3,631
Preferred investment in mortgage affiliate	2,555	1,805
Bank premises and equipment, net	9,198	9,453
Goodwill	10,514	10,514
Core deposit intangibles, net	1,224	1,354
FDIC indemnification asset	3,322	3,571
Bank-owned life insurance	21,294	20,990
Other real estate owned	13,647	13,051
Deferred tax assets, net	6,746	10,083
Other assets	9,036	5,791
Total assets	1,011,716	916,645
LIABILITIES AND STOCKHOLDERS' EQUITY
Noninterest-bearing demand deposits	72,503	69,560
Interest-bearing deposits:
NOW accounts	23,943	25,018
Money market accounts	136,744	137,297
Savings accounts	42,983	44,155
Time deposits	540,857	466,395
Total interest-bearing deposits	744,527	672,865
Total deposits	817,030	742,425
Securities sold under agreements to repurchase and other short-term borrowings	45,036	29,044
Federal Home Loan Bank (FHLB) advances	25,000	25,000
Other liabilities	5,577	6,197
Total liabilities	$ 892,643	$ 802,666
Commitments and contingencies (See Note 5)
Stockholders' equity:
Preferred stock, $.01 par value. Authorized 5,000,000 shares; no shares issued and outstanding
Common stock, $.01 par value. Authorized 45,000,000 shares; issued and outstanding, 12,232,409 shares at June 30, 2015 and 12,216,669 at December 31, 2014	$ 122	$ 122
Additional paid in capital	104,301	104,072
Retained earnings	15,317	12,805
Accumulated other comprehensive loss	(667)	(3,020)
Total stockholders' equity	119,073	113,979
Total liabilities and stockholders' equity	1,011,716	916,645
Covered loans
Cash and cash equivalents:
Total loans	37,476	38,496
Non-covered loans
Cash and cash equivalents:
Total loans	$ 722,567	$ 664,976

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Statement Of Financial Position [Abstract]
Securities held to maturity fair value (in dollars)	$ 92,028	$ 94,093
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	45,000,000	45,000,000
Common stock, shares issued	12,232,409	12,216,669
Common stock, shares outstanding	12,232,409	12,216,669

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Interest and dividend income :
Interest and fees on loans	$ 9,970	$ 8,100	$ 19,521	$ 15,856
Interest and dividends on taxable securities	531	570	1,185	1,083
Interest and dividends on tax exepmt securities	101	96	202	188
Interest and dividends on other earning assets	130	160	259	440
Total interest and dividend income	10,732	8,926	21,167	17,567
Interest expense:
Interest on deposits	1,525	897	2,864	1,793
Interest on borrowings	183	170	352	328
Total interest expense	1,708	1,067	3,216	2,121
Net interest income	9,024	7,859	17,951	15,446
Provision for loan losses	1,500	194	2,025	1,369
Net interest income after provision for loan losses	7,524	7,665	15,926	14,077
Noninterest income:
Account maintenance and deposit service fees	239	195	460	373
Income from bank-owned life insurance	154	157	304	297
Equity income from mortgage affiliate	793	331	778	331
Gain on sale of other assets	7		7	202
Net gain on sale of available for sale securities	$ 520		$ 520
Total other-than-temporary impairment losses (OTTI)		$ (25)		$ (41)
Portion of OTTI recognized in other comprehensive income (before taxes)
Net credit related OTTI recognized in earnings		$ (25)		$ (41)
Other	$ 46	55	$ 95	92
Total noninterest income	1,759	713	2,164	1,254
Noninterest expenses:
Salaries and benefits	2,836	2,427	5,639	4,816
Occupancy expenses	826	759	1,697	1,531
Furniture and equipment expenses	224	188	434	375
Amortization of core deposit intangible	65	45	130	90
Virginia franchise tax expense	88	113	176	229
Merger expenses		209		422
FDIC assessment	156	127	328	252
Data processing expense	170	134	334	260
Telephone and communication expense	201	180	407	358
Change in FDIC indemnification asset	117	311	246	435
Net (gain) loss on other real estate owned	(57)	180	263	(239)
Other operating expenses	963	972	1,756	1,635
Total noninterest expenses	5,589	5,645	11,410	10,164
Income before income taxes	3,694	2,733	6,680	5,167
Income tax expense	1,228	961	2,210	1,753
Net income	2,466	1,772	4,470	3,414
Other comprehensive income:
Unrealized gain (loss) on available for sale securities	(241)	74	(218)	217
Realized amount on securities sold, net	(520)		(520)
Non-credit component of other-than-temporary impairment on held-to-maturity securities	4,278	14	4,278	35
Accretion of amounts previously recorded upon transfer to held-to-maturity from available-for-sale	3	(22)	25	(42)
Net unrealized gain	3,520	66	3,565	210
Tax effect	(1,196)	(22)	(1,212)	(71)
Other comprehensive income	2,324	44	2,353	139
Comprehensive income	$ 4,790	$ 1,816	$ 6,823	$ 3,553
Earnings per share, basic (in dollars per share)	$ 0.20	$ 0.15	$ 0.37	$ 0.29
Earnings per share, diluted (in dollars per share)	$ 0.20	$ 0.15	$ 0.36	$ 0.29

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Common Stock	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Total
Balance at Dec. 31, 2014	$ 122	$ 104,072	$ 12,805	$ (3,020)	$ 113,979
Comprehensive income:
Net income			4,470		4,470
Change in unrealized loss on securities available for sale (net of tax benefit, $251)				(487)	(487)
Change in unrecognized loss on securities held to maturity for which a portion of OTTI has been recognized (net of tax, $1,463 and accretion, $25 and amounts recorded into other comprehensive income at transfer)				2,840	2,840
Dividends on common stock ($.16 per share)			(1,958)		(1,958)
Repurchase of comon stock (31,011 shares)		(365)			(365)
Issuance of common stock under Stock Incentive Plan (46,750 shares)		425			425
Stock-based compensation expense		169			169
Balance at Jun. 30, 2015	$ 122	$ 104,301	$ 15,317	$ (667)	$ 119,073

CONSOLIDATED STATEMENT OF CHAN6

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) (Parentheticals) - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Total
Statement Of Stockholders Equity [Abstract]
Tax on change in unrealized loss on securities available for sale	$ 251
Tax on change in unrecognized loss on securities held to maturity, portion of OTTI	1,463
Accretion on change in unrecognized loss on securities held to maturity, portion of OTTI	$ 25
Common stock dividends per share (in dollars per share)	$ 0.16
Stock Repurchased During Period, Shares	31,011
Issuance of common shares under Stock Incentive Plan (in shares)	46,750

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating activities:
Net income	$ 4,470	$ 3,414
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:
Depreciation	451	351
Amortization of core deposit intangible	130	90
Other amortization, net	62	70
Accretion of loan discount	(1,412)	(1,474)
Amortization of FDIC indemnification asset	246	435
Provision for loan losses	2,025	1,369
Earnings on bank-owned life insurance	(304)	(297)
Equity income on mortgage affiliate	(778)	(331)
Stock based compensation expense	169	151
Net gain on sale of available for sale securities	(520)
Impairment on securities		41
Net (gain) loss on other real estate owned	263	(239)
Net decrease in other assets	1,105	630
Net increase (decrease) in other liabilities	(620)	354
Net cash and cash equivalents provided by operating activities	5,287	4,564
Investing activities:
Proceeds from sales of available for sale securities	3,966
Purchases of held to maturity securities	(7,156)	(5,678)
Proceeds from paydowns, maturities and calls of held to maturity securities	6,401	3,264
Loan originations and payments, net	(60,194)	(48,350)
Purchase of bank-owned life insurance		(2,000)
Investment in mortgage affiliate	(634)	(5,043)
Net increase in stock in Federal Reserve Bank and Federal Home Loan Bank	(451)	(993)
Payments received on FDIC indemnification asset	3	1,004
Proceeds from sale of other real estate owned	481	2,424
Purchases of bank premises and equipment	(196)	(270)
Net cash and cash equivalents used in investing activities	(57,780)	(55,642)
Financing activities:
Net increase in deposits	74,605	28,872
Cash dividends paid - common stock	(1,958)	(1,623)
Repurchase of common stock	(365)
Issuance of common stock under Stock Incentive Plan	425	147
Net increase in securities sold under agreement to repurchase and other short-term borrowings	15,992	27,057
Net cash and cash equivalents provided by financing activities	88,699	54,453
Increase in cash and cash equivalents	36,206	3,375
Cash and cash equivalents at beginning of period	38,320	20,856
Cash and cash equivalents at end of period	74,526	24,231
Cash payments for:
Interest	3,056	2,042
Income taxes	2,310	2,123
Supplemental schedule of noncash investing and financing activities
Transfer from non-covered loans to other real estate owned	$ 1,340	$ 4,409

ACCOUNTING POLICIES

ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
ACCOUNTING POLICIES	1. ACCOUNTING POLICIES Southern National Bancorp of Virginia, Inc. (“Southern National” or “SNBV”) is a corporation formed on July 28, 2004 under the laws of the Commonwealth of Virginia and is the holding company for Sonabank (“Sonabank”) a Virginia state chartered bank which commenced operations on April 14, 2005. Sonabank provides a range of financial services to individuals and small and medium sized businesses. Sonabank has fifteen branches in Virginia, located in Fairfax County (Reston, McLean and Fairfax), in Charlottesville, Warrenton (2), Middleburg, Leesburg (2), South Riding, Front Royal, New Market, Haymarket, Richmond and Clifton Forge, and eight branches in Maryland, in Rockville, Shady Grove, Frederick, Bethesda, Upper Marlboro, Brandywine, Owings and Huntingtown. The consolidated financial statements include the accounts of Southern National Bancorp of Virginia, Inc. and its subsidiary. Significant inter-company accounts and transactions have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in accordance with U. S. generally accepted accounting principles (“U. S. GAAP”) for interim financial information and instructions for Form 10-Q and follow general practice within the banking industry. Accordingly, the unaudited consolidated financial statements do not include all of the information and footnotes required by U. S. GAAP for complete financial statements. However, in the opinion of management, all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of the results of the interim periods presented have been made. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for the full year. For further information, refer to the consolidated financial statements and footnotes thereto included in Southern National’s Form 10-K for the year ended December 31, 2014. Use of Estimates The preparation of the consolidated 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 revenue and expenses during the reporting period. Actual results could differ from these estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the carrying value of investment securities, other than temporary impairment of investment securities, the valuation of goodwill and intangible assets, the FDIC indemnification asset, mortgage servicing rights, other real estate owned and deferred tax assets. Recent Accounting Pronouncements In January 2014, the FASB issued ASU No. 2014-04, “Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers In June 2014, the FASB issued ASU No. 2014-12, Compensation—Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved After the Requisite Service Period In June 2014, the FASB issued ASU No. 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.

STOCK- BASED COMPENSATION

STOCK- BASED COMPENSATION	6 Months Ended
	Jun. 30, 2015
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
STOCK-BASED COMPENSATION	2. STOCK- BASED COMPENSATION In 2004, the Board of Directors adopted a stock option plan that authorized the reservation of up to 302,500 shares of common stock and provided for the granting of stock options to certain directors, officers and employees. The 2010 Stock Awards and Incentive Plan was approved by the Board of Directors in January 2010 and approved by the stockholders at the Annual Meeting in April 2010. The 2010 plan authorized the reservation of an additional 700,000 shares of common stock for the granting of stock awards. The options granted to officers and employees are incentive stock options and the options granted to non-employee directors are non-qualified stock options. The purpose of the plan is to afford key employees an incentive to remain in the employ of Southern National and to assist in the attracting and retaining of non-employee directors by affording them an opportunity to share in Southern National’s future success. Under the plan, the option’s price cannot be less than the fair market value of the stock on the grant date. The maximum term of the options is ten years and options granted may be subject to a graded vesting schedule. Southern National granted 125,500 options during the first six months of 2015. The fair value of each option granted is estimated on the date of grant using the Black-Scholes options-pricing model. The following weighted-average assumptions were used to value options granted in the six months ended June 30, 2015: Expected life 10 years Expected volatility 14.71 % Risk-free interest rate 2.26 % Weighted average fair value per option granted $ 0.51 Dividend yield 5.51 % For the three and six months ended June 30, 2015 and 2014, stock-based compensation expense was $85 thousand and $169 thousand, respectively, compared to $75 thousand and $151 thousand for the same periods last year. As of June 30, 2015, unrecognized compensation expense associated with the stock options was $791 thousand, which is expected to be recognized over a weighted average period of 3.1 years. A summary of the activity in the stock option plan during the six months ended June 30, 2015 follows (dollars in thousands): Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in thousands) Options outstanding, beginning of period 621,050 $ 8.49 Granted 125,500 11.43 Forfeited - - Exercised (46,750 ) 9.09 Options outstanding, end of period 699,800 $ 8.98 7.0 $ 1,528 Vested or expected to vest 699,800 $ 8.98 7.0 $ 1,528 Exercisable at end of period 317,730 $ 7.84 5.0 $ 1,041

SECURITIES

SECURITIES	6 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
SECURITIES	3. SECURITIES The amortized cost and fair value of available for sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows (in thousands): Amortized Cost Gross Unrealized Fair Value June 30, 2015 Gains Losses Obligations of states and political subdivisions $ 2,291 $ 8 $ (61 ) $ 2,238 Trust preferred securities 2,590 - (695 ) 1,895 $ 4,881 $ 8 $ (756 ) $ 4,133 Amortized Cost Gross Unrealized Fair Value December 31, 2014 Gains Losses Obligations of states and political subdivisions $ 2,295 $ - $ (10 ) $ 2,285 The amortized cost, unrecognized gains and losses, and fair value of securities held to maturity were as follows (in thousands): Amortized Cost Gross Unrecognized Fair Value June 30, 2015 Gains Losses Residential government-sponsored mortgage-backed securities $ 22,916 $ 556 $ (21 ) $ 23,451 Residential government-sponsored collateralized mortgage obligations 3,236 - (51 ) 3,185 Government-sponsored agency securities 46,925 174 (1,066 ) 46,033 Obligations of states and political subdivisions 15,473 72 (287 ) 15,258 Trust preferred securities 4,497 - (396 ) 4,101 $ 93,047 $ 802 $ (1,821 ) $ 92,028 Amortized Cost Gross Unrecognized Fair Value December 31, 2014 Gains Losses Residential government-sponsored mortgage-backed securities $ 22,897 $ 708 $ (8 ) $ 23,597 Residential government-sponsored collateralized mortgage obligations 3,564 - (53 ) 3,511 Government-sponsored agency securities 44,949 294 (822 ) 44,421 Obligations of states and political subdivisions 15,531 108 (145 ) 15,494 Other residential collateralized mortgage obligations 599 - - 599 Trust preferred securities 6,518 1,527 (1,574 ) 6,471 $ 94,058 $ 2,637 $ (2,602 ) $ 94,093 The amortized cost amounts are net of recognized other than temporary impairment. In the second quarter of 2015, we transferred from our held-to-maturity (HTM) portfolio all of the trust preferred securities and a non-government sponsored residential CMO that had been other than temporarily impaired to the available-for-sale (AFS) classification. We sold five of these trust preferred securities and the CMO recognizing a net gain of $520 thousand. Due to the significant deterioration in these issuers’ creditworthiness and the current conditions for a possible sale of these securities, we feel that our change in classification does not taint our intentions in regards to the remainder of our HTM portfolio. The two trust preferred securities we retained in the AFS classification have a fair value of $1.9 million as of June 30, 2015. We also have two trust preferred securities that we retained in the HTM classification in the amount of $4.5 million. These two securities have never been other than temporarily impaired. The fair value and carrying amount, if different, of debt securities as of June 30, 2015, by contractual maturity were as follows (in thousands). Securities not due at a single maturity date, primarily mortgage-backed securities and collateralized mortgage obligations, are shown separately. Held to Maturity Available for Sale Amortized Cost Amortized Cost Fair Value Fair Value Due in five to ten years $ 13,367 $ 13,189 $ - $ - Due after ten years 53,528 52,203 4,881 4,133 Residential government-sponsored mortgage-backed securities 22,916 23,451 - - Residential government-sponsored collateralized mortgage obligations 3,236 3,185 - - Total $ 93,047 $ 92,028 $ 4,881 $ 4,133 Securities with a carrying amount of approximately $68.2 million and $71.8 million at June 30, 2015 and December 31, 2014, respectively, were pledged to secure public deposits, repurchase agreements and a line of credit for advances from the Federal Home Loan Bank of Atlanta (“FHLB”). Southern National monitors the portfolio for indicators of other than temporary impairment. At June 30, 2015 and December 31, 2014, certain securities’ fair values were below cost. As outlined in the table below, there were securities with fair values totaling approximately $57.5 million in the portfolio with the carrying value exceeding the estimated fair value that are considered temporarily impaired at June 30, 2015. Because the decline in fair value is attributable to changes in interest rates and market illiquidity, and not credit quality, and because we do not have the intent to sell these securities and it is likely that we will not be required to sell the securities before their anticipated recovery, management does not consider these securities to be other-than-temporarily impaired as of June 30, 2015. The following tables present information regarding securities in a continuous unrealized loss position as of June 30, 2015 and December 31, 2014 (in thousands) by duration of time in a loss position: June 30, 2015 Less than 12 months 12 Months or More Total Available for Sale Fair value Unrealized Losses Fair value Unrealized Losses Fair value Unrealized Losses Obligations of states and political subdivisions $ 1,679 $ (61 ) $ - $ - $ 1,679 $ (61 ) Trust preferred securities - - 1,895 (695 ) 1,895 (695 ) $ 1,679 $ (61 ) $ 1,895 $ (695 ) $ 3,574 $ (756 ) Less than 12 months 12 Months or More Total Held to Maturity Fair value Unrecognized Losses Fair value Unrecognized Losses Fair value Unrecognized Losses Residential government-sponsored mortgage-backed securities $ 5,249 $ (17 ) $ 721 $ (4 ) $ 5,970 $ (21 ) Residential government-sponsored collateralized mortgage obligations 592 (3 ) 2,593 (48 ) 3,185 (51 ) Government-sponsored agency securities 23,253 (679 ) 9,601 (387 ) 32,854 (1,066 ) Obligations of states and political subdivisions 5,439 (73 ) 2,371 (214 ) 7,810 (287 ) Trust preferred securities - - 4,101 (396 ) 4,101 (396 ) $ 34,533 $ (772 ) $ 19,387 $ (1,049 ) $ 53,920 $ (1,821 ) December 31, 2014 Less than 12 months 12 Months or More Total Available for Sale Fair value Unrealized Losses Fair value Unrealized Losses Fair value Unrealized Losses Obligations of states and political subdivisions $ 485 $ (1 ) $ 1,800 $ (9 ) $ 2,285 $ (10 ) Less than 12 months 12 Months or More Total Held to Maturity Fair value Unrecognized Losses Fair value Unrecognized Losses Fair value Unrecognized Losses Residential government-sponsored mortgage-backed securities $ 3,506 $ (8 ) $ - $ - $ 3,506 $ (8 ) Residential government-sponsored collateralized mortgage obligations 692 (3 ) 2,819 (50 ) 3,511 (53 ) Government-sponsored agency securities - - 29,154 (822 ) 29,154 (822 ) Obligations of states and political subdivisions 485 (20 ) 8,139 (125 ) 8,624 (145 ) Trust preferred securities - - 4,233 (1,574 ) 4,233 (1,574 ) $ 4,683 $ (31 ) $ 44,345 $ (2,571 ) $ 49,028 $ (2,602 ) As of June 30, 2015, we owned pooled trust preferred securities as follows: Previously % of Current Recognized Defaults and Cumulative Ratings Estimated Deferrals to Other Tranche When Purchased Current Ratings Fair Total Comprehensive Security Level Moody's Fitch Moody's Fitch Par Value Book Value Value Collateral Loss (1) Held to Maturity (in thousands) ALESCO VII A1B Senior Aaa AAA A3 BBB $ 4,583 $ 4,181 $ 3,827 12 % $ 260 MMCF III B Senior Sub A3 A- Ba1 CC 321 316 274 30 % 5 4,904 4,497 4,101 $ 265 Available for Sale Other Than Temporarily Impaired: Cumulative OTTI Related to Credit Loss (2) TPREF FUNDING II Mezzanine A1 A- Caa3 C 1,500 1,100 697 36 % 400 ALESCO V C1 Mezzanine A2 A C C 2,150 1,490 1,198 15 % 660 3,650 2,590 1,895 $ 1,060 Total $ 8,554 $ 7,087 $ 5,996 (1) Pre-tax, and represents unrealized losses at date of transfer from available-for-sale to held-to-maturity, net of accretion (2) Pre-tax Each of these securities has been evaluated for other than temporary impairment. In performing a detailed cash flow analysis of each security, Sonabank works with independent third parties to estimate expected cash flows and assist with the evaluation of other than temporary impairment. The cash flow analyses performed included the following assumptions: · 5% of the remaining performing collateral will default or defer per annum. · Recoveries of 13% with a two year lag on all defaults and deferrals. · No prepayments for 10 years and then 1% per annum for the remaining life of the security. · Additionally banks with assets over $15 billion will no longer be allowed to count down streamed trust preferred proceeds as Tier 1 capital (although it will still be counted as Tier 2 capital). That will incent the large banks to prepay their trust preferred securities if they can or if it is economically desirable. As a consequence, we have projected in all of our pools that 10% of the collateral issued by banks with assets over $15 billion will prepay in the first year of the forecast, and 15% in the second year. · Our securities have been modeled using the above assumptions by independent third parties using the forward LIBOR curve to discount projected cash flows to present values. We recognized no OTTI charges during the six months ended June 30, 2015 compared to OTTI charges related to credit on the trust preferred securities totaling $25 thousand during the second quarter of 2014, and $41 thousand during the six months ended June 30, 2014. The following table presents a roll forward of the credit losses on our securities previously classified as held to maturity and now classified as held for sale recognized in earnings for the six months ended June 30, 2015 and 2014 (in thousands): 2015 2014 Amount of cumulative other-than-temporary impairment related to credit loss prior to January 1 $ 8,949 $ 8,911 Amounts related to credit loss for which an other-than-temporary impairment was not previously recognized - - Amounts related to credit loss for which an other-than-temporary impairment was previously recognized - 41 Reductions due to sales of securities for which an other-than-temporary impairment was previously recognized (7,889 ) - Reductions due to realized losses - (2 ) Amount of cumulative other-than-temporary impairment related to credit loss as of June 30 $ 1,060 $ 8,950 Changes in accumulated other comprehensive income by component for the three and six months ended June 30, 2015 and 2014 are shown in the table below. All amounts are net of tax (in thousands). For the three months ended June 30, 2015 Unrealized Holding Gains (Losses) on Available for Sale Held to Maturity Securities Securities Total Beginning balance $ 9 $ (3,000 ) $ (2,991 ) Other comprehensive income/(loss) before reclassifications (502 ) 2 (500 ) Amounts reclassified from accumulated other comprehensive income/(loss) - 2,824 2,824 Net current-period other comprehensive income/(loss) (502 ) 2,826 2,324 Ending balance $ (493 ) $ (174 ) $ (667 ) For the six months ended June 30, 2015 Unrealized Holding Gains (Losses) on Available for Sale Securities Held to Maturity Securities Total Beginning balance $ (6 ) $ (3,014 ) $ (3,020 ) Other comprehensive income/(loss) before reclassifications (487 ) 16 (471 ) Amounts reclassified from accumulated other comprehensive income/(loss) - 2,824 2,824 Net current-period other comprehensive income/(loss) (487 ) 2,840 2,353 Ending balance $ (493 ) $ (174 ) $ (667 ) For the three months ended June 30, 2014 Unrealized Holding Gains (Losses) on Available for Sale Securities Held to Maturity Securities Total Beginning balance $ (109 ) $ (2,986 ) $ (3,095 ) Other comprehensive income/(loss) before reclassifications 49 (5 ) 44 Amounts reclassified from accumulated other comprehensive income/(loss) - - - Net current-period other comprehensive income/(loss) 49 (5 ) 44 Ending balance $ (60 ) $ (2,991 ) $ (3,051 ) For the six months ended June 30, 2014 Unrealized Holding Gains (Losses) on Available for Sale Securities Held to Maturity Securities Total Beginning balance $ (203 ) $ (2,987 ) $ (3,190 ) Other comprehensive income/(loss) before reclassifications 143 (4 ) 139 Amounts reclassified from accumulated other comprehensive income/(loss) - - - Net current-period other comprehensive income/(loss) 143 (4 ) 139 Ending balance $ (60 ) $ (2,991 ) $ (3,051 )

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	6 Months Ended
	Jun. 30, 2015
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
LOANS AND ALLOWANCE FOR LOAN LOSSES	4. LOANS AND ALLOWANCE FOR LOAN LOSSES The following table summarizes the composition of our loan portfolio as of June 30, 2015 and December 31, 2014: Covered Loans (1) Non-covered Loans Total Loans Covered Loans (1) Non-covered Loans Total Loans June 30, 2015 December 31, 2014 Loans secured by real estate: Commercial real estate - owner-occupied $ - $ 140,490 $ 140,490 $ - $ 136,597 $ 136,597 Commercial real estate - non-owner-occupied - 237,515 237,515 - 200,517 200,517 Secured by farmland - 598 598 - 612 612 Construction and land loans - 58,316 58,316 - 57,938 57,938 Residential 1-4 family 14,264 137,996 152,260 14,837 123,233 138,070 Multi- family residential - 21,662 21,662 - 21,832 21,832 Home equity lines of credit 23,206 12,382 35,588 23,658 9,751 33,409 Total real estate loans 37,470 608,959 646,429 38,495 550,480 588,975 Commercial loans - 114,152 114,152 - 114,714 114,714 Consumer loans - 1,446 1,446 - 1,564 1,564 Gross loans 37,470 724,557 762,027 38,495 666,758 705,253 Less deferred fees on loans 6 (1,990 ) (1,984 ) 1 (1,782 ) (1,781 ) Loans, net of deferred fees $ 37,476 $ 722,567 $ 760,043 $ 38,496 $ 664,976 $ 703,472 (1) Covered Loans were acquired in the Greater Atlantic transaction and are covered under an FDIC loss-share agreement. The agreement covering non-single family loans expired in December 2014. Accounting policy related to the allowance for loan losses is considered a critical policy given the level of estimation, judgment, and uncertainty in the levels of the allowance required to account for the inherent probable losses in the loan portfolio and the material effect such estimation, judgment, and uncertainty can have on the consolidated financial results. As part of the Greater Atlantic acquisition, the Bank and the FDIC entered into loss sharing agreements on approximately $143.4 million (contractual basis) of Greater Atlantic Bank’s assets. There were two agreements with the FDIC, one for single family loans which is a 10-year agreement expiring in December 2019, and one for non-single family (commercial) assets which was a 5-year agreement which expired in December 2014. The Bank will share in the losses on the loans and foreclosed loan collateral with the FDIC as specified in the loss sharing agreements; we refer to these assets collectively as “covered assets.” Loans that are not covered in the loss sharing agreement are referred to as “non-covered loans”. As of June 30, 2015, non-covered loans included $31.2 million of loans acquired in the HarVest acquisition and $55.8 million acquired in the PGFSB acquisition. Accretable discount on the acquired Greater Atlantic loans, the PGFSB loans and the HarVest loans was $8.0 million and $9.3 million at June 30, 2015 and December 31, 2014 respectively. Credit-impaired covered loans are those loans which presented evidence of credit deterioration at the date of acquisition and it is probable that Southern National would not collect all contractually required principal and interest payments. Generally, acquired loans that meet Southern National’s definition for nonaccrual status fell within the definition of credit-impaired covered loans. Impaired loans for the covered and non-covered portfolios were as follows (in thousands): June 30, 2015 Covered Loans Non-covered Loans Total Loans Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment (1) Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded Commercial real estate - owner occupied $ - $ - $ - $ 6,619 $ 7,137 $ - $ 6,619 $ 7,137 $ - Commercial real estate - non-owner occupied (2) - - - 138 234 - 138 234 - Construction and land development - - - - - - - - - Commercial loans - - - 3,328 4,236 - 3,328 4,236 - Residential 1-4 family (4) 1,740 2,049 - - - - 1,740 2,049 - Other consumer loans - - - - - - - - - Total $ 1,740 $ 2,049 $ - $ 10,085 $ 11,607 $ - $ 11,825 $ 13,656 $ - With an allowance recorded Commercial real estate - owner occupied $ - $ - $ - $ 765 $ 865 $ 214 $ 765 $ 865 $ 214 Commercial real estate - non-owner occupied (2) - - - - - - - - - Construction and land development - - - - - - - - - Commercial loans - - - 3,614 3,614 400 3,614 3,614 400 Residential 1-4 family (4) - - - - - - - - - Other consumer loans - - - - - - - - - Total $ - $ - $ - $ 4,379 $ 4,479 $ 614 $ 4,379 $ 4,479 $ 614 Grand total $ 1,740 $ 2,049 $ - $ 14,464 $ 16,086 $ 614 $ 16,204 $ 18,135 $ 614 (1) Recorded investment is after cumulative prior charge offs of $1.5 million. These loans also have aggregate SBA guarantees of $4.8 million. (2) Includes loans secured by farmland and multi-family residential loans. (3) The Bank recognizes loan impairment and may concurrently record a charge off to the allowance for loan losses. (4) Includes home equity lines of credit. Covered Loans Non-covered Loans Total Loans December 31, 2014 Recorded Investment Unpaid Principal Related Allowance Recorded Investment (1) Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded Commercial real estate - owner occupied $ - $ - $ - $ 10,394 $ 10,394 $ - $ 10,394 $ 10,394 $ - Commercial real estate - non-owner occupied (2) - - - 1,859 2,118 - 1,859 2,118 - Construction and land development - - - - - - - - - Commercial loans - - - 4,998 4,999 - 4,998 4,999 - Residential 1-4 family (4) 1,740 2,053 - - - - 1,740 2,053 - Other consumer loans - - - - - - - - - Total $ 1,740 $ 2,053 $ - $ 17,251 $ 17,511 $ - $ 18,991 $ 19,564 $ - With an allowance recorded Commercial real estate - owner occupied $ - $ - $ - $ 1,609 $ 2,231 $ 151 $ 1,609 $ 2,231 $ 151 Commercial real estate - non-owner occupied (2) - - - - - - - - - Construction and land development - - - 467 740 120 467 740 120 Commercial loans - - - 3,141 3,944 134 3,141 3,944 134 Residential 1-4 family (4) - - - 1,344 1,465 300 1,344 1,465 300 Other consumer loans - - - - - - - - - Total $ - $ - $ - $ 6,561 $ 8,380 $ 705 $ 6,561 $ 8,380 $ 705 Grand total $ 1,740 $ 2,053 $ - $ 23,812 $ 25,891 $ 705 $ 25,552 $ 27,944 $ 705 (1) Recorded investment is after cumulative prior charge offs of $1.7 million. These loans also have aggregate SBA guarantees of $4.7 million. (2) Includes loans secured by farmland and multi-family residential loans. (3) The Bank recognizes loan impairment and may concurrently record a charge off to the allowance for loan losses. (4) Includes home equity lines of credit. The following tables present the average recorded investment and interest income for impaired loans recognized by class of loans for the three and six months ended June 30, 2015 and 2014 (in thousands): Three months ended June 30, 2015 Covered Loans Non-covered Loans Total Loans Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognize With no related allowance recorded Commercial real estate - owner occupied $ - $ - $ 6,629 $ 74 $ 6,629 $ 74 Commercial real estate - non-owner occupied (1) - - 139 3 139 3 Construction and land development - - - - - - Commercial loans - - 3,068 - 3,068 - Residential 1-4 family (2) 1,682 11 - - 1,682 11 Other consumer loans - - - - - - Total $ 1,682 $ 11 $ 9,836 $ 77 $ 11,518 $ 88 With an allowance recorded Commercial real estate - owner occupied $ - $ - $ 771 $ 11 $ 771 $ 11 Commercial real estate - non-owner occupied (1) - - - - - - Construction and land development - - - - - - Commercial loans - - 3,621 54 3,621 54 Residential 1-4 family (2) - - - - - - Other consumer loans - - - - - - Total $ - $ - $ 4,392 $ 65 $ 4,392 $ 65 Grand total $ 1,682 $ 11 $ 14,228 $ 142 $ 15,910 $ 153 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Three months ended June 30, 2014 Covered Loans Non-covered Loans Total Loans Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded Commercial real estate - owner occupied $ 743 $ 13 $ 7,335 $ 90 $ 8,078 $ 103 Commercial real estate - non-owner occupied (1) 1,883 3 339 8 2,222 11 Construction and land development - - - - - - Commercial loans - - 4,941 20 4,941 20 Residential 1-4 family (2) 1,209 10 5,865 79 7,074 89 Other consumer loans - - - - - - Total $ 3,835 $ 26 $ 18,480 $ 197 $ 22,315 $ 223 With an allowance recorded Commercial real estate - owner occupied $ - $ - $ 106 $ 4 $ 106 $ 4 Commercial real estate - non-owner occupied (1) - - - - - - Construction and land development - - - - - - Commercial loans - - 851 - 851 - Residential 1-4 family (2) - - - - - - Other consumer loans - - - - - - Total $ - $ - $ 957 $ 4 $ 957 $ 4 Grand total $ 3,835 $ 26 $ 19,437 $ 201 $ 23,272 $ 227 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Six months ended June 30, 2015 Covered Loans Non-covered Loans Total Loans Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded Commercial real estate - owner occupied $ - $ - $ 6,638 $ 148 $ 6,638 $ 148 Commercial real estate - non-owner occupied (1) - - 140 6 140 6 Construction and land development - - - - - - Commercial loans - - 2,972 - 2,972 - Residential 1-4 family (2) 1,668 22 - - 1,668 22 Other consumer loans - - - - - - Total $ 1,668 $ 22 $ 9,750 $ 154 $ 11,418 $ 176 With an allowance recorded Commercial real estate - owner occupied $ - $ - $ 777 $ 21 $ 777 $ 21 Commercial real estate - non-owner occupied (1) - - - - - - Construction and land development - - - - - - Commercial loans - - 3,641 107 3,641 107 Residential 1-4 family (2) - - - - - - Other consumer loans - - - - - - Total $ - $ - $ 4,418 $ 128 $ 4,418 $ 128 Grand total $ 1,668 $ 22 $ 14,168 $ 282 $ 15,836 $ 304 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Six months ended June 30, 2014 Covered Loans Non-covered Loans Total Loans Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded Commercial real estate - owner occupied $ 742 $ 26 $ 6,325 $ 180 $ 7,067 $ 206 Commercial real estate - non-owner occupied (1) 1,890 24 347 17 2,237 41 Construction and land development - - - - - - Commercial loans - - 3,905 42 3,905 42 Residential 1-4 family (2) 1,214 22 5,570 157 6,784 179 Other consumer loans - - - - - - Total $ 3,846 $ 72 $ 16,147 $ 396 $ 19,993 $ 468 With an allowance recorded Commercial real estate - owner occupied $ - $ - $ 111 $ 8 $ 111 $ 8 Commercial real estate - non-owner occupied (1) - - - - - - Construction and land development - - - - - - Commercial loans - - 1,018 - 1,018 - Residential 1-4 family (2) - - - - - - Other consumer loans - - - - - - Total $ - $ - $ 1,129 $ 8 $ 1,129 $ 8 Grand total $ 3,846 $ 72 $ 17,276 $ 404 $ 21,122 $ 476 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. The following tables present the aging of the recorded investment in past due loans by class of loans as of June 30, 2015 and December 31, 2014 (in thousands): June 30, 2015 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or More Total Past Due Nonaccrual Loans Loans Not Past Due Total Loans Covered loans: Commercial real estate - owner occupied $ - $ - $ - $ - $ - $ - $ - Commercial real estate - non-owner occupied (1) - - - - - - - Construction and land development - - - - - - - Commercial loans - - - - - - - Residential 1-4 family (2) 13 - - 13 583 36,874 37,470 Other consumer loans - - - - - - - Total $ 13 $ - $ - $ 13 $ 583 $ 36,874 $ 37,470 Non-covered loans: Commercial real estate - owner occupied $ 701 $ - $ - $ 701 $ 66 $ 139,723 $ 140,490 Commercial real estate - non-owner occupied (1) 114 - - 114 - 259,661 259,775 Construction and land development - - - - - 58,316 58,316 Commercial loans 984 - - 984 4,776 108,392 114,152 Residential 1-4 family (2) 419 108 - 527 - 149,851 150,378 Other consumer loans - 12 - 12 - 1,434 1,446 Total $ 2,218 $ 120 $ - $ 2,338 $ 4,842 $ 717,377 $ 724,557 Total loans: Commercial real estate - owner occupied $ 701 $ - $ - $ 701 $ 66 $ 139,723 $ 140,490 Commercial real estate - non-owner occupied (1) 114 - - 114 - 259,661 259,775 Construction and land development - - - - - 58,316 58,316 Commercial loans 984 - - 984 4,776 108,392 114,152 Residential 1-4 family (2) 432 108 - 540 583 186,725 187,848 Other consumer loans - 12 - 12 - 1,434 1,446 Total $ 2,231 $ 120 $ - $ 2,351 $ 5,425 $ 754,251 $ 762,027 December 31, 2014 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or More Total Past Due Nonaccrual Loans Loans Not Past Due Total Loans Covered loans: Commercial real estate - owner occupied $ - $ - $ - $ - $ - $ - $ - Commercial real estate - non-owner occupied (1) - - - - - - - Construction and land development - - - - - - - Commercial loans - - - - - - - Residential 1-4 family (2) 10 148 - 158 859 37,478 38,495 Other consumer loans - - - - - - - Total $ 10 $ 148 $ - $ 158 $ 859 $ 37,478 $ 38,495 Non-covered loans: Commercial real estate - owner occupied $ - $ - $ - $ 1,524 $ 135,073 $ 136,597 Commercial real estate - non-owner occupied (1) 4,128 - - 4,128 - 218,833 222,961 Construction and land development - - - - 467 57,471 57,938 Commercial loans - - - - 3,140 111,574 114,714 Residential 1-4 family (2) 319 586 - 905 521 131,558 132,984 Other consumer loans 6 - - 6 - 1,558 1,564 Total $ 4,453 $ 586 $ - $ 5,039 $ 5,652 $ 656,067 $ 666,758 Total loans: Commercial real estate - owner occupied $ - $ - $ - $ - $ 1,524 $ 135,073 $ 136,597 Commercial real estate - non-owner occupied (1) 4,128 - - 4,128 - 218,833 222,961 Construction and land development - - - - 467 57,471 57,938 Commercial loans - - - - 3,140 111,574 114,714 Residential 1-4 family (2) 329 734 - 1,063 1,380 169,036 171,479 Other consumer loans 6 - - 6 - 1,558 1,564 Total $ 4,463 $ 734 $ - $ 5,197 $ 6,511 $ 693,545 $ 705,253 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Non-covered nonaccrual loans include SBA guaranteed amounts totaling $4.8 million and $4.7 million at June 30, 2015 and December 31, 2014, respectively. Activity in the allowance for non-covered loan and lease losses for the three and six months ended June 30, 2015 and 2014 is summarized below (in thousands): Non-covered loans: Three months ended June 30, 2015 Commercial Real Estate Owner Occupied Commercial Real Estate Non-owner Occupied (1) Construction and Land Development Commercial Loans 1-4 Family Residential (2) Other Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ 1,424 $ 1,188 $ 1,351 $ 2,049 $ 1,215 $ 43 $ 450 $ 7,720 Charge offs (1,000 ) - - (266 ) - (3 ) - (1,269 ) Recoveries 3 6 - 10 2 1 - 22 Provision 627 330 (299 ) 628 7 5 202 1,500 Ending balance $ 1,054 $ 1,524 $ 1,052 $ 2,421 $ 1,224 $ 46 $ 652 $ 7,973 Three months ended June 30, 2014 Allowance for loan losses: Beginning balance $ 616 $ 810 $ 1,152 $ 2,648 $ 1,102 $ 50 $ 927 $ 7,305 Charge offs - - - (260 ) - - - (260 ) Recoveries 4 6 1 58 1 - 70 Provision (24 ) 117 247 480 (318 ) 9 (311 ) 200 Ending balance $ 596 $ 933 $ 1,400 $ 2,926 $ 785 $ 59 $ 616 $ 7,315 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Non-covered loans: Six months ended June 30, 2015 Commercial Real Estate Owner Occupied Commercial Real Estate Non-owner Occupied (1) Construction and Land Development Commercial Loans 1-4 Family Residential Other Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ 855 $ 1,123 $ 1,644 $ 2,063 $ 1,322 $ 49 $ 337 $ 7,393 Charge offs (1,000 ) - - (619 ) - (5 ) - (1,624 ) Recoveries 4 12 139 19 4 1 - 179 Provision 1,195 389 (731 ) 958 (102 ) 1 315 2,025 Ending balance $ 1,054 $ 1,524 $ 1,052 $ 2,421 $ 1,224 $ 46 $ 652 $ 7,973 Six months ended June 30, 2014 Allowance for loan losses: Beginning balance $ 814 $ 985 $ 1,068 $ 2,797 $ 1,302 $ 54 $ 19 $ 7,039 Charge offs (71 ) - - (848 ) (300 ) - - (1,219 ) Recoveries 8 12 1 92 2 5 - 120 Provision (155 ) (64 ) 331 885 (219 ) - 597 1,375 Ending balance $ 596 $ 933 $ 1,400 $ 2,926 $ 785 $ 59 $ 616 $ 7,315 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Activity in the allowance for covered loan and lease losses by class of loan for the three and six months ended June 30, 2015 and 2014 is summarized below (in thousands): Covered loans: Three months ended June 30, 2015 Commercial Real Estate Owner Occupied Commercial Real Estate Non-owner Occupied (1) Construction and Land Development Commercial Loans 1-4 Family Residential (3) Other Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Charge offs - - - - - - - - Recoveries - - - - - - - - Adjustments (2) - - - - - - - - Provision - - - - - - - - Ending balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Three months ended June 30, 2014 Allowance for loan losses: Beginning balance $ - $ 45 $ - $ - $ - $ 6 $ - $ 51 Charge offs - - - - - - - - Recoveries - - - - - - - - Adjustments (2) - (36 ) - - 14 (2 ) - (24 ) Provision - (9 ) - - 3 - - (6 ) Ending balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 (1) Includes loans secured by farmland and multi-family residential loans. (2) Represents the portion of increased expected losses which is covered by the loss sharing agreement with the FDIC. (3) Includes home equity lines of credit. Covered loans: Six months ended June 30, 2015 Commercial Real Estate Owner Occupied Commercial Real Estate Non-owner Occupied (1) Construction and Land Development Commercial Loans 1-4 Family Residential (3) Other Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Charge offs - - - - - - - - Recoveries - - - - - - - - Adjustments (2) - - - - - - - - Provision - - - - - - - - Ending balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Six months ended June 30, 2014 Allowance for loan losses: Beginning balance $ - $ 45 $ - $ - $ - $ 6 $ - $ 51 Charge offs - - - - - - - - Recoveries - - - - - - - - Adjustments (2) - (36 ) - - 14 (2 ) - (24 ) Provision - (9 ) - - 3 - - (6 ) Ending balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 (1) Includes loans secured by farmland and multi-family residential loans. (2) Represents the portion of increased expected losses which is covered by the loss sharing agreement with the FDIC. (3) Includes home equity lines of credit. The following tables present the balance in the allowance for loan losses and the recorded investment in non-covered loans by portfolio segment and based on impairment method as of June 30, 2015 and December 31, 2014 (in thousands): Non-covered loans: Commercial Real Estate Owner Occupied Commercial Real Estate Non-owner Occupied (1) Construction and Land Development Commercial Loans 1-4 Family Residential (2) Other Consumer Loans Unallocated Total June 30, 2015 Ending allowance balance attributable to loans: Individually evaluated for impairment $ 214 $ - $ - $ 400 $ - $ - $ - $ 614 Collectively evaluated for impairment 840 1,524 1,052 2,021 1,224 46 652 7,359 Total ending allowance $ 1,054 $ 1,524 $ 1,052 $ 2,421 $ 1,224 $ 46 $ 652 $ 7,973 Loans: Individually evaluated for impairment $ 7,384 $ 138 $ - $ 6,942 $ - $ - $ - $ 14,464 Collectively evaluated for impairment 133,106 259,637 58,316 107,210 150,378 1,446 - 710,093 Total ending loan balances $ 140,490 $ 259,775 $ 58,316 $ 114,152 $ 150,378 $ 1,446 $ - $ 724,557 December 31, 2014 Ending allowance balance attributable to loans: Individually evaluated for impairment $ 151 $ - $ 120 $ 134 $ 300 $ - $ - $ 705 Collectively evaluated for impairment 704 1,123 1,524 1,929 1,022 49 337 6,688 Total ending allowance $ 855 $ 1,123 $ 1,644 $ 2,063 $ 1,322 $ 49 $ 337 $ 7,393 Loans: Individually evaluated for impairment $ 12,003 $ 1,859 $ 467 $ 8,139 $ 1,344 $ - $ - $ 23,812 Collectively evaluated for impairment 124,594 221,102 57,471 106,575 131,640 1,564 - 642,946 Total ending loan balances $ 136,597 $ 222,961 $ 57,938 $ 114,714 $ 132,984 $ 1,564 $ - $ 666,758 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. The following tables present the balance in the allowance for covered loan losses and the recorded investment in covered loans by portfolio segment and based on impairment method as of June 30, 2014 and December 31, 2013 (in thousands): Covered loans: Commercial Real Estate Owner Occupied Commercial Real Estate Non-owner Occupied (1) Construction and Land Development Commercial Loans 1-4 Family Residential (2) Other Consumer Loans Unallocated Total June 30, 2015 Ending allowance balance attributable to loans: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment - - - - 17 4 - 21 Total ending allowance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Loans: Individually evaluated for impairment $ - $ - $ - $ - $ 1,740 $ - $ - $ 1,740 Collectively evaluated for impairment - - - - 35,730 - - 35,730 Total ending loan balances $ - $ - $ - $ - $ 37,470 $ - $ - $ 37,470 December 31, 2014 Ending allowance balance attributable to loans: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment - - - - 17 4 - 21 Total ending allowance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Loans: Individually evaluated for impairment $ - $ - $ - $ - $ 1,740 $ - $ - $ 1,740 Collectively evaluated for impairment 36,755 - 36,755 Total ending loan balances $ - $ - $ - $ - $ 38,495 $ - $ - $ 38,495 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Troubled Debt Restructurings A modification is classified as a troubled debt restructuring (“TDR”) if both of the following exist: (1) the borrower is experiencing financial difficulty and (2) the Bank has granted a concession to the borrower. The Bank determines that a borrower may be experiencing financial difficulty if the borrower is currently delinquent on any of its debt, or if the Bank is concerned that the borrower may not be able to perform in accordance with the current terms of the loan agreement in the foreseeable future. Many aspects of the borrower’s financial situation are assessed when determining whether they are experiencing financial difficulty, particularly as it relates to commercial borrowers due to the complex nature of the loan structure, business/industry risk and borrower/guarantor structures. Concessions may include the reduction of an interest rate at a rate lower than current market rate for a new loan with similar risk, extension of the maturity date, reduction of accrued interest, or principal forgiveness. When evaluating whether a concession has been granted, the Bank also considers whether the borrower has provided additional collateral or guarantors and whether such additions adequately compensate the Bank for the restructured terms, or if the revised terms are consistent with those currently being offered to new loan customers. The assessments of whether a borrower is experiencing (or is likely to experience) financial difficulty and whether a concession has been granted is subjective in nature and management’s judgment is required when determining whether a modification is a TDR. Although each occurrence is unique to the borrower and is evaluated separately, for all portfolio segments, TDRs are typically modified through reduction in interest rates, reductions in payments, changing the payment terms from principal and interest to interest only, and/or extensions in term maturity. During the three and six months ending June 30, 2015, there were no loans modified in troubled debt restructurings. One TDR defaulted during the three months ending June 30, 2015, which had been modified in the previous 12 months. This loan, in the amount of $701 thousand, was 30 – 59 days delinquent as of June 30, 2015. During the three and six months ending June 30, 2014, there were no loans modified in troubled debt restructurings. No TDRs defaulted during the three and six months ending June 30, 2014, which had been modified in the previous 12 months. Credit Quality Indicators Through its system of internal controls Southern National evaluates and segments loan portfolio credit quality on a quarterly basis using regulatory definitions for Special Mention, Substandard and Doubtful. Special Mention loans are considered to be criticized. Substandard and Doubtful loans are considered to be classified. Southern National had no loans classified Doubtful at June 30, 2015 or December 31, 2014. Special Mention loans are loans that have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position. Substandard loans may be inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful loans have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. As of June 30, 2015 and December 31, 2014, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands): June 30, 2015 Covered Loans Non-covered Loans Total Loans Classified/ Criticized (1) Pass Total Special Mention Substandard (3) Pass Total Classified/ Criticized Pass Total Commercial real estate - owner occupied $ - $ - $ - $ 132 $ 7,384 $ 132,974 $ 140,490 $ 7,516 $ 132,974 $ 140,490 Commercial real estate - non-owner occupied (2) - - - 224 138 259,413 259,775 362 259,413 259,775 Construction and land development - - - 566 - 57,750 58,316 566 57,750 58,316 Commercial loans - - - 30 6,942 107,180 114,152 6,972 107,180 114,152 Residential 1-4 family (4) 1,740 35,730 37,470 566 - 149,812 150,378 2,306 185,542 187,848 Other consumer loans - - - - - 1,446 1,446 - 1,446 1,446 Total $ 1,740 $ 35,730 $ 37,470 $ 1,518 $ 14,464 $ 708,575 $ 724,557 $ 17,722 $ 744,305 $ 762,027 December 31, 2014 Covered Loans Non-covered Loans Total Loans Classified/ Criticized (1) Pass Total Special Mention Substandard (3) Pass Total Classified/ Criticized Pass Total Commercial real estate - owner occupied $ - $ - $ - $ 917 $ 12,003 $ 123,677 $ 136,597 $ 12,920 $ 123,677 $ 136,597 Commercial real estate - non-owner occupied (2) - - - 234 - 222,727 222,961 234 222,727 222,961 Construction and land development - - - 593 467 56,878 57,938 1,060 56,878 57,938 Commercial loans - - - 30 8,139 106,545 114,714 8,169 106,545 114,714 Residential 1-4 family (4) 1,740 36,755 38,495 584 1,344 131,056 132,984 3,668 167,811 171,479 Other consumer loans - - - - - 1,564 1,564 - 1,564 1,564 Total $ 1,740 $ 36,755 $ 38,495 $ 2,358 $ 21,953 $ 642,447 $ 666,758 $ 26,051 $ 679,202 $ 705,253 (1) Credit quality is enhanced by a loss sharing agreement with the FDIC in the covered portfolio. The same credit quality indicators used in the non-covered portfolio are combined. (2) Includes loans secured by farmland and multi-family residential loans. (3) Includes SBA guarantees of $4.8 million and $4.7 million as of June 30, 2015 and December 31, 2014, respectively. (4) Includes home equity lines of credit. The amount of foreclosed residential real estate property held at June 30, 2015 was $3.8 million. The recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure was $698 thousand at June 30, 2015.

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	6 Months Ended
	Jun. 30, 2015
Financial Instruments With Off Balance Sheet Risk [Abstract]
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	5. FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK Southern National 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 elements of credit and funding risk in excess of the amount recognized in the consolidated balance sheet. Letters of credit are written conditional commitments issued by Southern National to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. We had letters of credit outstanding totaling $8.0 million and $8.4 million as of June 30, 2015 and December 31, 2014, respectively. Our exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and letters of credit is based on the contractual amount of these instruments. We use the same credit policies in making commitments and conditional obligations as we do for on-balance sheet instruments. Unless noted otherwise, we do not require collateral or other security to support financial instruments with credit risk. 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 are made predominately for adjustable rate loans, and generally have fixed expiration dates of up to three months or other termination clauses and usually require payment of a fee. Since many of the commitments may expire without being completely drawn upon, the total commitment amounts do not necessarily represent future cash requirements. We evaluate each customer’s creditworthiness on a case-by-case basis. At June 30, 2015 and December 31, 2014, we had unfunded lines of credit and undisbursed construction loan funds totaling $120.6 million and $113.3 million, respectively. We had approved loan commitments of $10.8 million at June 30, 2015, and we had no approved loan commitments as of December 31, 2014. Virtually all of our unfunded lines of credit, undisbursed construction loan funds and approved loan commitments are variable rate.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	6. EARNINGS PER SHARE The following is a reconciliation of the denominators of the basic and diluted earnings per share (“EPS”) computations (dollars in thousands, except per share data): Income Weighted Per Share For the three months ended June 30, 2015 Basic EPS $ 2,466 12,240 $ 0.20 Effect of dilutive stock options and warrants - 119 - Diluted EPS $ 2,466 12,359 $ 0.20 For the three months ended June 30, 2014 Basic EPS $ 1,772 11,607 $ 0.15 Effect of dilutive stock options and warrants - 79 - Diluted EPS $ 1,772 11,686 $ 0.15 For the six months ended June 30, 2015 Basic EPS $ 4,470 12,229 $ 0.37 Effect of dilutive stock options and warrants - 114 - Diluted EPS $ 4,470 12,343 $ 0.36 For the six months ended June 30, 2014 Basic EPS $ 3,414 11,599 $ 0.29 Effect of dilutive stock options and warrants - 70 - Diluted EPS $ 3,414 11,669 $ 0.29 There were 663,596 and 667,854 anti-dilutive options and warrants for the three and six months ended June 30, 2015, respectively. Anti-dilutive options and warrants totaled 605,439 and 614,535 for the three and six months ended June 30, 2014, respectively.

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE	7. FAIR VALUE ASC 820-10 establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability The following is a description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy: Securities Available for Sale Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities would include highly liquid government bonds, mortgage products and exchange traded equities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flow. Level 2 securities would include U. S. agency securities, mortgage-backed securities, obligations of states and political subdivisions and certain corporate, asset-backed and other securities. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within Level 3 of the valuation hierarchy. Currently, all of Southern National’s available-for-sale debt securities are considered to be Level 2 securities. Assets measured at fair value on a recurring basis are summarized below: Fair Value Measurements Using (dollars in thousands) Total at Quoted Prices in Significant Significant Financial assets: Available for sale securities Obligations of states and political subdivisions $ 2,238 $ - $ 2,238 $ - Trust preferred securities 1,895 - 1,895 - $ 4,133 $ - $ 4,133 $ - Fair Value Measurements Using (dollars in thousands) Total at Quoted Prices in Significant Significant Financial assets: Available for sale securities Obligations of states and political subdivisions $ 2,285 $ - $ 2,285 $ - Assets and Liabilities Measured on a Non-recurring Basis: Trust Preferred Securities Classified as Held-to-Maturity Prior to the quarter ended March 31, 2015, due to market conditions as well as the limited trading activity of these securities, the market value of the securities was highly sensitive to assumption changes and market volatility. We had determined that our trust preferred securities were classified within Level 3 of the fair value hierarchy. Market conditions and trading activity has improved significantly for trust preferred securities, and the fair value as of June 30, 2015 was estimated within Level 2 of the fair value hierarchy, as the fair value is based on either pricing models, quoted market prices of securities with similar characteristics, or discounted cash flows. Impaired Loans Generally, we measure the impairment for impaired loans considering the fair value of the loan’s collateral (if the loan is collateral dependent). Fair value of the loan’s collateral is determined by an independent appraisal or evaluation less estimated costs related to selling the collateral. In some cases appraised value is net of costs to sell. Estimated selling costs range from 6% to 10% of collateral valuation at June 30, 2015 and December 31, 2014. Fair value is classified as Level 3 in the fair value hierarchy. Non-covered loans identified as impaired totaled $14.5 million (including SBA guarantees of $4.8 million) as of June 30, 2015 with an allocated allowance for loan losses totaling $614 thousand compared to a carrying amount of $23.8 million (including SBA guarantees of $4.7 million) with an allocated allowance for loan losses totaling $705 thousand at December 31, 2014. Other Real Estate Owned (OREO) OREO is evaluated at the time of acquisition and recorded at fair value as determined by independent appraisal or evaluation less cost to sell. In some cases appraised value is net of costs to sell. Selling costs have been in the range from 6% to 7.6% of collateral valuation at June 30, 2015 and December 31, 2014. Fair value is classified as Level 3 in the fair value hierarchy. OREO is further evaluated quarterly for any additional impairment. At June 30, 2015 and December 31, 2014, the total amount of OREO was $13.6 million and $13.1 million, respectively, all of which was non-covered. Assets measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements Using (dollars in thousands) Total at Quoted Prices in Significant Significant Impaired non-covered loans: Commercial real estate - owner occupied $ 7,170 $ 7,170 Commercial real estate - non-owner occupied (1) 138 138 Construction and land development - - Commercial loans 6,542 6,542 Residential 1-4 family - - Impaired covered loans: Residential 1-4 family 1,740 1,740 Non-covered other real estate owned: Commercial real estate - owner occupied 1,681 1,681 Commercial real estate - non-owner occupied (1) 1,631 1,631 Construction and land development 6,555 6,555 Residential 1-4 family 3,780 3,780 Fair Value Measurements Using (dollars in thousands) Total at Quoted Prices in Significant Significant Impaired non-covered loans: Commercial real estate - owner occupied $ 11,852 $ 11,852 Commercial real estate - non-owner occupied (1) 1,859 1,859 Construction and land development 347 347 Commercial loans 8,005 8,005 Residential 1-4 family 1,044 1,044 Impaired covered loans: Residential 1-4 family 1,740 1,740 Non-covered other real estate owned: Commercial real estate - owner occupied 461 461 Commercial real estate - non-owner occupied (1) 1,792 1,792 Construction and land development 6,818 6,818 Residential 1-4 family 3,980 3,980 Fair Value of Financial Instruments The carrying amount, estimated fair values and fair value hierarchy levels (previously defined) of financial instruments were as follows (in thousands): June 30, 2015 December 31, 2014 Fair Value Carrying Fair Carrying Fair Financial assets: Cash and cash equivalents Level 1 $ 74,526 $ 74,526 $ 38,320 $ 38,320 Securities available for sale See previous table 4,133 4,133 2,285 2,285 Securities held to maturity Level 2 93,048 92,028 94,058 94,093 Stock in Federal Reserve Bank and Federal Home Loan Bank n/a 6,132 n/a 5,681 n/a Equity investment in mortgage affiliate Level 3 4,293 4,293 3,631 3,631 Preferred investment in mortgage affiliate Level 3 2,555 2,555 1,805 1,805 Net non-covered loans Level 3 714,594 726,333 657,583 666,621 Net covered loans Level 3 37,455 43,927 38,475 43,663 Accrued interest receivable Level 2 & Level 3 2,833 2,833 2,904 2,904 FDIC indemnification asset Level 3 3,322 2,258 3,571 2,261 Financial liabilities: Demand deposits Level 1 96,446 96,446 94,578 94,578 Money market and savings accounts Level 1 179,727 179,727 181,452 181,452 Certificates of deposit Level 3 540,857 542,024 466,395 466,391 Securities sold under agreements to repurchase and other short-term borrowings Level 1 45,036 45,036 29,044 29,044 FHLB advances Level 3 25,000 25,409 25,000 25,526 Accrued interest payable Level 1 & Level 3 721 721 560 560 Carrying amount is the estimated fair value for cash and cash equivalents, equity investment in mortgage affiliate, preferred investment in mortgage affiliate, accrued interest receivable and payable, demand deposits, savings accounts, money market accounts, short-term debt, and variable rate loans that reprice frequently and fully. For fixed rate loans or deposits and for variable rate loans with infrequent repricing or repricing limits, fair value is based on discounted cash flows using current market rates applied to the estimated life. A discount for liquidity risk was not considered necessary in estimating the fair value of loans. It was not practicable to determine the fair value of Federal Reserve Bank and Federal Home Loan Bank stock due to restrictions placed on its transferability. Fair value of long-term debt is based on current rates for similar financing. The fair value of the FDIC indemnification asset was determined by discounting estimated future cash flows using the long-term risk free rate plus a premium and represents the present value of our current expectation for recoveries from the FDIC on covered loans. The fair value of off-balance-sheet items is not considered material. The fair value of loans is not presented on an exit price basis.

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT TERM BORROWINGS	6 Months Ended
	Jun. 30, 2015
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Abstract]
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Text Block]	8. SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS Other short-term borrowings can consist of Federal Home Loan Bank (FHLB) overnight advances, other FHLB advances maturing within one year, federal funds purchased and securities sold under agreements to repurchase that mature within one year, which are secured transactions with customers. For our repurchase agreements with customers, we hold the collateral in a segregated custodial account. We are required to maintain adequate collateral levels. In the event the collateral fair value falls below stipulated levels, we will pledge additional securities. We closely monitor collateral levels to ensure adequate levels are maintained, while mitigating the potential risk of over-collateralization.

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of the consolidated 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 revenue and expenses during the reporting period. Actual results could differ from these estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the carrying value of investment securities, other than temporary impairment of investment securities, the valuation of goodwill and intangible assets, the FDIC indemnification asset, mortgage servicing rights, other real estate owned and deferred tax assets.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2014, the FASB issued ASU No. 2014-04, “Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers In June 2014, the FASB issued ASU No. 2014-12, Compensation—Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved After the Requisite Service Period In June 2014, the FASB issued ASU No. 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.

STOCK- BASED COMPENSATION (Tabl

STOCK- BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The following weighted-average assumptions were used to value options granted in the six months ended June 30, 2015: Expected life 10 years Expected volatility 14.71 % Risk-free interest rate 2.26 % Weighted average fair value per option granted $ 0.51 Dividend yield 5.51 %
Schedule of activity in the stock option plan	A summary of the activity in the stock option plan during the six months ended June 30, 2015 follows (dollars in thousands): Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in thousands) Options outstanding, beginning of period 621,050 $ 8.49 Granted 125,500 11.43 Forfeited - - Exercised (46,750 ) 9.09 Options outstanding, end of period 699,800 $ 8.98 7.0 $ 1,528 Vested or expected to vest 699,800 $ 8.98 7.0 $ 1,528 Exercisable at end of period 317,730 $ 7.84 5.0 $ 1,041

SECURITIES (Tables)

SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost and fair value of securities available-for-sale	Amortized Cost Gross Unrealized Fair Value June 30, 2015 Gains Losses Obligations of states and political subdivisions $ 2,291 $ 8 $ (61 ) $ 2,238 Trust preferred securities 2,590 - (695 ) 1,895 $ 4,881 $ 8 $ (756 ) $ 4,133 Amortized Cost Gross Unrealized Fair Value December 31, 2014 Gains Losses Obligations of states and political subdivisions $ 2,295 $ - $ (10 ) $ 2,285
Schedule of amortized cost, unrecognized gains and losses, and fair value of held to maturity securities	Amortized Cost Gross Unrecognized Fair Value June 30, 2015 Gains Losses Residential government-sponsored mortgage-backed securities $ 22,916 $ 556 $ (21 ) $ 23,451 Residential government-sponsored collateralized mortgage obligations 3,236 - (51 ) 3,185 Government-sponsored agency securities 46,925 174 (1,066 ) 46,033 Obligations of states and political subdivisions 15,473 72 (287 ) 15,258 Trust preferred securities 4,497 - (396 ) 4,101 $ 93,047 $ 802 $ (1,821 ) $ 92,028 Amortized Cost Gross Unrecognized Fair Value December 31, 2014 Gains Losses Residential government-sponsored mortgage-backed securities $ 22,897 $ 708 $ (8 ) $ 23,597 Residential government-sponsored collateralized mortgage obligations 3,564 - (53 ) 3,511 Government-sponsored agency securities 44,949 294 (822 ) 44,421 Obligations of states and political subdivisions 15,531 108 (145 ) 15,494 Other residential collateralized mortgage obligations 599 - - 599 Trust preferred securities 6,518 1,527 (1,574 ) 6,471 $ 94,058 $ 2,637 $ (2,602 ) $ 94,093
Schedule of fair value and carrying amount, if different, of debt securities, by contractual maturity	The fair value and carrying amount, if different, of debt securities as of June 30, 2015, by contractual maturity were as follows (in thousands). Securities not due at a single maturity date, primarily mortgage-backed securities and collateralized mortgage obligations, are shown separately. Held to Maturity Available for Sale Amortized Cost Amortized Cost Fair Value Fair Value Due in five to ten years $ 13,367 $ 13,189 $ - $ - Due after ten years 53,528 52,203 4,881 4,133 Residential government-sponsored mortgage-backed securities 22,916 23,451 - - Residential government-sponsored collateralized mortgage obligations 3,236 3,185 - - Total $ 93,047 $ 92,028 $ 4,881 $ 4,133
Schedule of present information regarding securities in a continuous unrealized loss position by duration of time in a loss position	June 30, 2015 Less than 12 months 12 Months or More Total Available for Sale Fair value Unrealized Losses Fair value Unrealized Losses Fair value Unrealized Losses Obligations of states and political subdivisions $ 1,679 $ (61 ) $ - $ - $ 1,679 $ (61 ) Trust preferred securities - - 1,895 (695 ) 1,895 (695 ) $ 1,679 $ (61 ) $ 1,895 $ (695 ) $ 3,574 $ (756 ) Less than 12 months 12 Months or More Total Held to Maturity Fair value Unrecognized Losses Fair value Unrecognized Losses Fair value Unrecognized Losses Residential government-sponsored mortgage-backed securities $ 5,249 $ (17 ) $ 721 $ (4 ) $ 5,970 $ (21 ) Residential government-sponsored collateralized mortgage obligations 592 (3 ) 2,593 (48 ) 3,185 (51 ) Government-sponsored agency securities 23,253 (679 ) 9,601 (387 ) 32,854 (1,066 ) Obligations of states and political subdivisions 5,439 (73 ) 2,371 (214 ) 7,810 (287 ) Trust preferred securities - - 4,101 (396 ) 4,101 (396 ) $ 34,533 $ (772 ) $ 19,387 $ (1,049 ) $ 53,920 $ (1,821 ) December 31, 2014 Less than 12 months 12 Months or More Total Available for Sale Fair value Unrealized Losses Fair value Unrealized Losses Fair value Unrealized Losses Obligations of states and political subdivisions $ 485 $ (1 ) $ 1,800 $ (9 ) $ 2,285 $ (10 ) Less than 12 months 12 Months or More Total Held to Maturity Fair value Unrecognized Losses Fair value Unrecognized Losses Fair value Unrecognized Losses Residential government-sponsored mortgage-backed securities $ 3,506 $ (8 ) $ - $ - $ 3,506 $ (8 ) Residential government-sponsored collateralized mortgage obligations 692 (3 ) 2,819 (50 ) 3,511 (53 ) Government-sponsored agency securities - - 29,154 (822 ) 29,154 (822 ) Obligations of states and political subdivisions 485 (20 ) 8,139 (125 ) 8,624 (145 ) Trust preferred securities - - 4,233 (1,574 ) 4,233 (1,574 ) $ 4,683 $ (31 ) $ 44,345 $ (2,571 ) $ 49,028 $ (2,602 )
Schedule of owned pooled trust preferred securities	As of June 30, 2015, we owned pooled trust preferred securities as follows: Previously % of Current Recognized Defaults and Cumulative Ratings Estimated Deferrals to Other Tranche When Purchased Current Ratings Fair Total Comprehensive Security Level Moody's Fitch Moody's Fitch Par Value Book Value Value Collateral Loss (1) Held to Maturity (in thousands) ALESCO VII A1B Senior Aaa AAA A3 BBB $ 4,583 $ 4,181 $ 3,827 12 % $ 260 MMCF III B Senior Sub A3 A- Ba1 CC 321 316 274 30 % 5 4,904 4,497 4,101 $ 265 Available for Sale Other Than Temporarily Impaired: Cumulative OTTI Related to Credit Loss (2) TPREF FUNDING II Mezzanine A1 A- Caa3 C 1,500 1,100 697 36 % 400 ALESCO V C1 Mezzanine A2 A C C 2,150 1,490 1,198 15 % 660 3,650 2,590 1,895 $ 1,060 Total $ 8,554 $ 7,087 $ 5,996 (1) Pre-tax, and represents unrealized losses at date of transfer from available-for-sale to held-to-maturity, net of accretion (2) Pre-tax
Schedule of credit losses recognized in earnings	The following table presents a roll forward of the credit losses on our securities previously classified as held to maturity and now classified as held for sale recognized in earnings for the six months ended June 30, 2015 and 2014 (in thousands): 2015 2014 Amount of cumulative other-than-temporary impairment related to credit loss prior to January 1 $ 8,949 $ 8,911 Amounts related to credit loss for which an other-than-temporary impairment was not previously recognized - - Amounts related to credit loss for which an other-than-temporary impairment was previously recognized - 41 Reductions due to sales of securities for which an other-than-temporary impairment was previously recognized (7,889 ) - Reductions due to realized losses - (2 ) Amount of cumulative other-than-temporary impairment related to credit loss as of June 30 $ 1,060 $ 8,950
Schedule of changes in accumulated other comprehensive income by component	For the three months ended June 30, 2015 Unrealized Holding Gains (Losses) on Available for Sale Held to Maturity Securities Securities Total Beginning balance $ 9 $ (3,000 ) $ (2,991 ) Other comprehensive income/(loss) before reclassifications (502 ) 2 (500 ) Amounts reclassified from accumulated other comprehensive income/(loss) - 2,824 2,824 Net current-period other comprehensive income/(loss) (502 ) 2,826 2,324 Ending balance $ (493 ) $ (174 ) $ (667 ) For the six months ended June 30, 2015 Unrealized Holding Gains (Losses) on Available for Sale Securities Held to Maturity Securities Total Beginning balance $ (6 ) $ (3,014 ) $ (3,020 ) Other comprehensive income/(loss) before reclassifications (487 ) 16 (471 ) Amounts reclassified from accumulated other comprehensive income/(loss) - 2,824 2,824 Net current-period other comprehensive income/(loss) (487 ) 2,840 2,353 Ending balance $ (493 ) $ (174 ) $ (667 ) For the three months ended June 30, 2014 Unrealized Holding Gains (Losses) on Available for Sale Securities Held to Maturity Securities Total Beginning balance $ (109 ) $ (2,986 ) $ (3,095 ) Other comprehensive income/(loss) before reclassifications 49 (5 ) 44 Amounts reclassified from accumulated other comprehensive income/(loss) - - - Net current-period other comprehensive income/(loss) 49 (5 ) 44 Ending balance $ (60 ) $ (2,991 ) $ (3,051 ) For the six months ended June 30, 2014 Unrealized Holding Gains (Losses) on Available for Sale Securities Held to Maturity Securities Total Beginning balance $ (203 ) $ (2,987 ) $ (3,190 ) Other comprehensive income/(loss) before reclassifications 143 (4 ) 139 Amounts reclassified from accumulated other comprehensive income/(loss) - - - Net current-period other comprehensive income/(loss) 143 (4 ) 139 Ending balance $ (60 ) $ (2,991 ) $ (3,051 )

LOANS AND ALLOWANCE FOR LOAN 19

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	6 Months Ended
	Jun. 30, 2015
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of lcomposition of loan portfolio	Covered Loans (1) Non-covered Loans Total Loans Covered Loans (1) Non-covered Loans Total Loans June 30, 2015 December 31, 2014 Loans secured by real estate: Commercial real estate - owner-occupied $ - $ 140,490 $ 140,490 $ - $ 136,597 $ 136,597 Commercial real estate - non-owner-occupied - 237,515 237,515 - 200,517 200,517 Secured by farmland - 598 598 - 612 612 Construction and land loans - 58,316 58,316 - 57,938 57,938 Residential 1-4 family 14,264 137,996 152,260 14,837 123,233 138,070 Multi- family residential - 21,662 21,662 - 21,832 21,832 Home equity lines of credit 23,206 12,382 35,588 23,658 9,751 33,409 Total real estate loans 37,470 608,959 646,429 38,495 550,480 588,975 Commercial loans - 114,152 114,152 - 114,714 114,714 Consumer loans - 1,446 1,446 - 1,564 1,564 Gross loans 37,470 724,557 762,027 38,495 666,758 705,253 Less deferred fees on loans 6 (1,990 ) (1,984 ) 1 (1,782 ) (1,781 ) Loans, net of deferred fees $ 37,476 $ 722,567 $ 760,043 $ 38,496 $ 664,976 $ 703,472 (1) Covered Loans were acquired in the Greater Atlantic transaction and are covered under an FDIC loss-share agreement. The agreement covering non-single family loans expired in December 2014.
Schedule of summary of impaired loans	June 30, 2015 Covered Loans Non-covered Loans Total Loans Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment (1) Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded Commercial real estate - owner occupied $ - $ - $ - $ 6,619 $ 7,137 $ - $ 6,619 $ 7,137 $ - Commercial real estate - non-owner occupied (2) - - - 138 234 - 138 234 - Construction and land development - - - - - - - - - Commercial loans - - - 3,328 4,236 - 3,328 4,236 - Residential 1-4 family (4) 1,740 2,049 - - - - 1,740 2,049 - Other consumer loans - - - - - - - - - Total $ 1,740 $ 2,049 $ - $ 10,085 $ 11,607 $ - $ 11,825 $ 13,656 $ - With an allowance recorded Commercial real estate - owner occupied $ - $ - $ - $ 765 $ 865 $ 214 $ 765 $ 865 $ 214 Commercial real estate - non-owner occupied (2) - - - - - - - - - Construction and land development - - - - - - - - - Commercial loans - - - 3,614 3,614 400 3,614 3,614 400 Residential 1-4 family (4) - - - - - - - - - Other consumer loans - - - - - - - - - Total $ - $ - $ - $ 4,379 $ 4,479 $ 614 $ 4,379 $ 4,479 $ 614 Grand total $ 1,740 $ 2,049 $ - $ 14,464 $ 16,086 $ 614 $ 16,204 $ 18,135 $ 614 (1) Recorded investment is after cumulative prior charge offs of $1.5 million. These loans also have aggregate SBA guarantees of $4.8 million. (2) Includes loans secured by farmland and multi-family residential loans. (3) The Bank recognizes loan impairment and may concurrently record a charge off to the allowance for loan losses. (4) Includes home equity lines of credit. Covered Loans Non-covered Loans Total Loans December 31, 2014 Recorded Investment Unpaid Principal Related Allowance Recorded Investment (1) Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded Commercial real estate - owner occupied $ - $ - $ - $ 10,394 $ 10,394 $ - $ 10,394 $ 10,394 $ - Commercial real estate - non-owner occupied (2) - - - 1,859 2,118 - 1,859 2,118 - Construction and land development - - - - - - - - - Commercial loans - - - 4,998 4,999 - 4,998 4,999 - Residential 1-4 family (4) 1,740 2,053 - - - - 1,740 2,053 - Other consumer loans - - - - - - - - - Total $ 1,740 $ 2,053 $ - $ 17,251 $ 17,511 $ - $ 18,991 $ 19,564 $ - With an allowance recorded Commercial real estate - owner occupied $ - $ - $ - $ 1,609 $ 2,231 $ 151 $ 1,609 $ 2,231 $ 151 Commercial real estate - non-owner occupied (2) - - - - - - - - - Construction and land development - - - 467 740 120 467 740 120 Commercial loans - - - 3,141 3,944 134 3,141 3,944 134 Residential 1-4 family (4) - - - 1,344 1,465 300 1,344 1,465 300 Other consumer loans - - - - - - - - - Total $ - $ - $ - $ 6,561 $ 8,380 $ 705 $ 6,561 $ 8,380 $ 705 Grand total $ 1,740 $ 2,053 $ - $ 23,812 $ 25,891 $ 705 $ 25,552 $ 27,944 $ 705 (1) Recorded investment is after cumulative prior charge offs of $1.7 million. These loans also have aggregate SBA guarantees of $4.7 million. (2) Includes loans secured by farmland and multi-family residential loans. (3) The Bank recognizes loan impairment and may concurrently record a charge off to the allowance for loan losses. (4) Includes home equity lines of credit.
Schedule of details of average recorded investment and interest income for impaired loans recognized by class of loans	Three months ended June 30, 2015 Covered Loans Non-covered Loans Total Loans Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognize With no related allowance recorded Commercial real estate - owner occupied $ - $ - $ 6,629 $ 74 $ 6,629 $ 74 Commercial real estate - non-owner occupied (1) - - 139 3 139 3 Construction and land development - - - - - - Commercial loans - - 3,068 - 3,068 - Residential 1-4 family (2) 1,682 11 - - 1,682 11 Other consumer loans - - - - - - Total $ 1,682 $ 11 $ 9,836 $ 77 $ 11,518 $ 88 With an allowance recorded Commercial real estate - owner occupied $ - $ - $ 771 $ 11 $ 771 $ 11 Commercial real estate - non-owner occupied (1) - - - - - - Construction and land development - - - - - - Commercial loans - - 3,621 54 3,621 54 Residential 1-4 family (2) - - - - - - Other consumer loans - - - - - - Total $ - $ - $ 4,392 $ 65 $ 4,392 $ 65 Grand total $ 1,682 $ 11 $ 14,228 $ 142 $ 15,910 $ 153 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Three months ended June 30, 2014 Covered Loans Non-covered Loans Total Loans Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded Commercial real estate - owner occupied $ 743 $ 13 $ 7,335 $ 90 $ 8,078 $ 103 Commercial real estate - non-owner occupied (1) 1,883 3 339 8 2,222 11 Construction and land development - - - - - - Commercial loans - - 4,941 20 4,941 20 Residential 1-4 family (2) 1,209 10 5,865 79 7,074 89 Other consumer loans - - - - - - Total $ 3,835 $ 26 $ 18,480 $ 197 $ 22,315 $ 223 With an allowance recorded Commercial real estate - owner occupied $ - $ - $ 106 $ 4 $ 106 $ 4 Commercial real estate - non-owner occupied (1) - - - - - - Construction and land development - - - - - - Commercial loans - - 851 - 851 - Residential 1-4 family (2) - - - - - - Other consumer loans - - - - - - Total $ - $ - $ 957 $ 4 $ 957 $ 4 Grand total $ 3,835 $ 26 $ 19,437 $ 201 $ 23,272 $ 227 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Six months ended June 30, 2015 Covered Loans Non-covered Loans Total Loans Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded Commercial real estate - owner occupied $ - $ - $ 6,638 $ 148 $ 6,638 $ 148 Commercial real estate - non-owner occupied (1) - - 140 6 140 6 Construction and land development - - - - - - Commercial loans - - 2,972 - 2,972 - Residential 1-4 family (2) 1,668 22 - - 1,668 22 Other consumer loans - - - - - - Total $ 1,668 $ 22 $ 9,750 $ 154 $ 11,418 $ 176 With an allowance recorded Commercial real estate - owner occupied $ - $ - $ 777 $ 21 $ 777 $ 21 Commercial real estate - non-owner occupied (1) - - - - - - Construction and land development - - - - - - Commercial loans - - 3,641 107 3,641 107 Residential 1-4 family (2) - - - - - - Other consumer loans - - - - - - Total $ - $ - $ 4,418 $ 128 $ 4,418 $ 128 Grand total $ 1,668 $ 22 $ 14,168 $ 282 $ 15,836 $ 304 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Six months ended June 30, 2014 Covered Loans Non-covered Loans Total Loans Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded Commercial real estate - owner occupied $ 742 $ 26 $ 6,325 $ 180 $ 7,067 $ 206 Commercial real estate - non-owner occupied (1) 1,890 24 347 17 2,237 41 Construction and land development - - - - - - Commercial loans - - 3,905 42 3,905 42 Residential 1-4 family (2) 1,214 22 5,570 157 6,784 179 Other consumer loans - - - - - - Total $ 3,846 $ 72 $ 16,147 $ 396 $ 19,993 $ 468 With an allowance recorded Commercial real estate - owner occupied $ - $ - $ 111 $ 8 $ 111 $ 8 Commercial real estate - non-owner occupied (1) - - - - - - Construction and land development - - - - - - Commercial loans - - 1,018 - 1,018 - Residential 1-4 family (2) - - - - - - Other consumer loans - - - - - - Total $ - $ - $ 1,129 $ 8 $ 1,129 $ 8 Grand total $ 3,846 $ 72 $ 17,276 $ 404 $ 21,122 $ 476 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit.
Schedule of details of aging of the recorded investment in past due loans by class of loans	June 30, 2015 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or More Total Past Due Nonaccrual Loans Loans Not Past Due Total Loans Covered loans: Commercial real estate - owner occupied $ - $ - $ - $ - $ - $ - $ - Commercial real estate - non-owner occupied (1) - - - - - - - Construction and land development - - - - - - - Commercial loans - - - - - - - Residential 1-4 family (2) 13 - - 13 583 36,874 37,470 Other consumer loans - - - - - - - Total $ 13 $ - $ - $ 13 $ 583 $ 36,874 $ 37,470 Non-covered loans: Commercial real estate - owner occupied $ 701 $ - $ - $ 701 $ 66 $ 139,723 $ 140,490 Commercial real estate - non-owner occupied (1) 114 - - 114 - 259,661 259,775 Construction and land development - - - - - 58,316 58,316 Commercial loans 984 - - 984 4,776 108,392 114,152 Residential 1-4 family (2) 419 108 - 527 - 149,851 150,378 Other consumer loans - 12 - 12 - 1,434 1,446 Total $ 2,218 $ 120 $ - $ 2,338 $ 4,842 $ 717,377 $ 724,557 Total loans: Commercial real estate - owner occupied $ 701 $ - $ - $ 701 $ 66 $ 139,723 $ 140,490 Commercial real estate - non-owner occupied (1) 114 - - 114 - 259,661 259,775 Construction and land development - - - - - 58,316 58,316 Commercial loans 984 - - 984 4,776 108,392 114,152 Residential 1-4 family (2) 432 108 - 540 583 186,725 187,848 Other consumer loans - 12 - 12 - 1,434 1,446 Total $ 2,231 $ 120 $ - $ 2,351 $ 5,425 $ 754,251 $ 762,027 December 31, 2014 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or More Total Past Due Nonaccrual Loans Loans Not Past Due Total Loans Covered loans: Commercial real estate - owner occupied $ - $ - $ - $ - $ - $ - $ - Commercial real estate - non-owner occupied (1) - - - - - - - Construction and land development - - - - - - - Commercial loans - - - - - - - Residential 1-4 family (2) 10 148 - 158 859 37,478 38,495 Other consumer loans - - - - - - - Total $ 10 $ 148 $ - $ 158 $ 859 $ 37,478 $ 38,495 Non-covered loans: Commercial real estate - owner occupied $ - $ - $ - $ 1,524 $ 135,073 $ 136,597 Commercial real estate - non-owner occupied (1) 4,128 - - 4,128 - 218,833 222,961 Construction and land development - - - - 467 57,471 57,938 Commercial loans - - - - 3,140 111,574 114,714 Residential 1-4 family (2) 319 586 - 905 521 131,558 132,984 Other consumer loans 6 - - 6 - 1,558 1,564 Total $ 4,453 $ 586 $ - $ 5,039 $ 5,652 $ 656,067 $ 666,758 Total loans: Commercial real estate - owner occupied $ - $ - $ - $ - $ 1,524 $ 135,073 $ 136,597 Commercial real estate - non-owner occupied (1) 4,128 - - 4,128 - 218,833 222,961 Construction and land development - - - - 467 57,471 57,938 Commercial loans - - - - 3,140 111,574 114,714 Residential 1-4 family (2) 329 734 - 1,063 1,380 169,036 171,479 Other consumer loans 6 - - 6 - 1,558 1,564 Total $ 4,463 $ 734 $ - $ 5,197 $ 6,511 $ 693,545 $ 705,253 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit.
Schedule of activity in the allowance for non-covered and covered loan and lease losses by class of loan	Non-covered loans: Three months ended June 30, 2015 Commercial Real Estate Owner Occupied Commercial Real Estate Non-owner Occupied (1) Construction and Land Development Commercial Loans 1-4 Family Residential (2) Other Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ 1,424 $ 1,188 $ 1,351 $ 2,049 $ 1,215 $ 43 $ 450 $ 7,720 Charge offs (1,000 ) - - (266 ) - (3 ) - (1,269 ) Recoveries 3 6 - 10 2 1 - 22 Provision 627 330 (299 ) 628 7 5 202 1,500 Ending balance $ 1,054 $ 1,524 $ 1,052 $ 2,421 $ 1,224 $ 46 $ 652 $ 7,973 Three months ended June 30, 2014 Allowance for loan losses: Beginning balance $ 616 $ 810 $ 1,152 $ 2,648 $ 1,102 $ 50 $ 927 $ 7,305 Charge offs - - - (260 ) - - - (260 ) Recoveries 4 6 1 58 1 - 70 Provision (24 ) 117 247 480 (318 ) 9 (311 ) 200 Ending balance $ 596 $ 933 $ 1,400 $ 2,926 $ 785 $ 59 $ 616 $ 7,315 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Non-covered loans: Six months ended June 30, 2015 Commercial Real Estate Owner Occupied Commercial Real Estate Non-owner Occupied (1) Construction and Land Development Commercial Loans 1-4 Family Residential Other Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ 855 $ 1,123 $ 1,644 $ 2,063 $ 1,322 $ 49 $ 337 $ 7,393 Charge offs (1,000 ) - - (619 ) - (5 ) - (1,624 ) Recoveries 4 12 139 19 4 1 - 179 Provision 1,195 389 (731 ) 958 (102 ) 1 315 2,025 Ending balance $ 1,054 $ 1,524 $ 1,052 $ 2,421 $ 1,224 $ 46 $ 652 $ 7,973 Six months ended June 30, 2014 Allowance for loan losses: Beginning balance $ 814 $ 985 $ 1,068 $ 2,797 $ 1,302 $ 54 $ 19 $ 7,039 Charge offs (71 ) - - (848 ) (300 ) - - (1,219 ) Recoveries 8 12 1 92 2 5 - 120 Provision (155 ) (64 ) 331 885 (219 ) - 597 1,375 Ending balance $ 596 $ 933 $ 1,400 $ 2,926 $ 785 $ 59 $ 616 $ 7,315 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Activity in the allowance for covered loan and lease losses by class of loan for the three and six months ended June 30, 2015 and 2014 is summarized below (in thousands): Covered loans: Three months ended June 30, 2015 Commercial Real Estate Owner Occupied Commercial Real Estate Non-owner Occupied (1) Construction and Land Development Commercial Loans 1-4 Family Residential (3) Other Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Charge offs - - - - - - - - Recoveries - - - - - - - - Adjustments (2) - - - - - - - - Provision - - - - - - - - Ending balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Three months ended June 30, 2014 Allowance for loan losses: Beginning balance $ - $ 45 $ - $ - $ - $ 6 $ - $ 51 Charge offs - - - - - - - - Recoveries - - - - - - - - Adjustments (2) - (36 ) - - 14 (2 ) - (24 ) Provision - (9 ) - - 3 - - (6 ) Ending balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 (1) Includes loans secured by farmland and multi-family residential loans. (2) Represents the portion of increased expected losses which is covered by the loss sharing agreement with the FDIC. (3) Includes home equity lines of credit. Covered loans: Six months ended June 30, 2015 Commercial Real Estate Owner Occupied Commercial Real Estate Non-owner Occupied (1) Construction and Land Development Commercial Loans 1-4 Family Residential (3) Other Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Charge offs - - - - - - - - Recoveries - - - - - - - - Adjustments (2) - - - - - - - - Provision - - - - - - - - Ending balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Six months ended June 30, 2014 Allowance for loan losses: Beginning balance $ - $ 45 $ - $ - $ - $ 6 $ - $ 51 Charge offs - - - - - - - - Recoveries - - - - - - - - Adjustments (2) - (36 ) - - 14 (2 ) - (24 ) Provision - (9 ) - - 3 - - (6 ) Ending balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 (1) Includes loans secured by farmland and multi-family residential loans. (2) Represents the portion of increased expected losses which is covered by the loss sharing agreement with the FDIC. (3) Includes home equity lines of credit.
Schedule of allowance for non-covered loan and covered loan losses and the recorded investment by portfolio segment	Non-covered loans: Commercial Real Estate Owner Occupied Commercial Real Estate Non-owner Occupied (1) Construction and Land Development Commercial Loans 1-4 Family Residential (2) Other Consumer Loans Unallocated Total June 30, 2015 Ending allowance balance attributable to loans: Individually evaluated for impairment $ 214 $ - $ - $ 400 $ - $ - $ - $ 614 Collectively evaluated for impairment 840 1,524 1,052 2,021 1,224 46 652 7,359 Total ending allowance $ 1,054 $ 1,524 $ 1,052 $ 2,421 $ 1,224 $ 46 $ 652 $ 7,973 Loans: Individually evaluated for impairment $ 7,384 $ 138 $ - $ 6,942 $ - $ - $ - $ 14,464 Collectively evaluated for impairment 133,106 259,637 58,316 107,210 150,378 1,446 - 710,093 Total ending loan balances $ 140,490 $ 259,775 $ 58,316 $ 114,152 $ 150,378 $ 1,446 $ - $ 724,557 December 31, 2014 Ending allowance balance attributable to loans: Individually evaluated for impairment $ 151 $ - $ 120 $ 134 $ 300 $ - $ - $ 705 Collectively evaluated for impairment 704 1,123 1,524 1,929 1,022 49 337 6,688 Total ending allowance $ 855 $ 1,123 $ 1,644 $ 2,063 $ 1,322 $ 49 $ 337 $ 7,393 Loans: Individually evaluated for impairment $ 12,003 $ 1,859 $ 467 $ 8,139 $ 1,344 $ - $ - $ 23,812 Collectively evaluated for impairment 124,594 221,102 57,471 106,575 131,640 1,564 - 642,946 Total ending loan balances $ 136,597 $ 222,961 $ 57,938 $ 114,714 $ 132,984 $ 1,564 $ - $ 666,758 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Covered loans: Commercial Real Estate Owner Occupied Commercial Real Estate Non-owner Occupied (1) Construction and Land Development Commercial Loans 1-4 Family Residential (2) Other Consumer Loans Unallocated Total June 30, 2015 Ending allowance balance attributable to loans: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment - - - - 17 4 - 21 Total ending allowance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Loans: Individually evaluated for impairment $ - $ - $ - $ - $ 1,740 $ - $ - $ 1,740 Collectively evaluated for impairment - - - - 35,730 - - 35,730 Total ending loan balances $ - $ - $ - $ - $ 37,470 $ - $ - $ 37,470 December 31, 2014 Ending allowance balance attributable to loans: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment - - - - 17 4 - 21 Total ending allowance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Loans: Individually evaluated for impairment $ - $ - $ - $ - $ 1,740 $ - $ - $ 1,740 Collectively evaluated for impairment 36,755 - 36,755 Total ending loan balances $ - $ - $ - $ - $ 38,495 $ - $ - $ 38,495 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit.
Schedule of the risk category of loans by class of loans	June 30, 2015 Covered Loans Non-covered Loans Total Loans Classified/ Criticized (1) Pass Total Special Mention Substandard (3) Pass Total Classified/ Criticized Pass Total Commercial real estate - owner occupied $ - $ - $ - $ 132 $ 7,384 $ 132,974 $ 140,490 $ 7,516 $ 132,974 $ 140,490 Commercial real estate - non-owner occupied (2) - - - 224 138 259,413 259,775 362 259,413 259,775 Construction and land development - - - 566 - 57,750 58,316 566 57,750 58,316 Commercial loans - - - 30 6,942 107,180 114,152 6,972 107,180 114,152 Residential 1-4 family (4) 1,740 35,730 37,470 566 - 149,812 150,378 2,306 185,542 187,848 Other consumer loans - - - - - 1,446 1,446 - 1,446 1,446 Total $ 1,740 $ 35,730 $ 37,470 $ 1,518 $ 14,464 $ 708,575 $ 724,557 $ 17,722 $ 744,305 $ 762,027 December 31, 2014 Covered Loans Non-covered Loans Total Loans Classified/ Criticized (1) Pass Total Special Mention Substandard (3) Pass Total Classified/ Criticized Pass Total Commercial real estate - owner occupied $ - $ - $ - $ 917 $ 12,003 $ 123,677 $ 136,597 $ 12,920 $ 123,677 $ 136,597 Commercial real estate - non-owner occupied (2) - - - 234 - 222,727 222,961 234 222,727 222,961 Construction and land development - - - 593 467 56,878 57,938 1,060 56,878 57,938 Commercial loans - - - 30 8,139 106,545 114,714 8,169 106,545 114,714 Residential 1-4 family (4) 1,740 36,755 38,495 584 1,344 131,056 132,984 3,668 167,811 171,479 Other consumer loans - - - - - 1,564 1,564 - 1,564 1,564 Total $ 1,740 $ 36,755 $ 38,495 $ 2,358 $ 21,953 $ 642,447 $ 666,758 $ 26,051 $ 679,202 $ 705,253 (1) Credit quality is enhanced by a loss sharing agreement with the FDIC in the covered portfolio. The same credit quality indicators used in the non-covered portfolio are combined. (2) Includes loans secured by farmland and multi-family residential loans. (3) Includes SBA guarantees of $4.8 million and $4.7 million as of June 30, 2015 and December 31, 2014, respectively. (4) Includes home equity lines of credit.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of reconciliation of the denominators of the basic and diluted earnings per share	Income Weighted Per Share For the three months ended June 30, 2015 Basic EPS $ 2,466 12,240 $ 0.20 Effect of dilutive stock options and warrants - 119 - Diluted EPS $ 2,466 12,359 $ 0.20 For the three months ended June 30, 2014 Basic EPS $ 1,772 11,607 $ 0.15 Effect of dilutive stock options and warrants - 79 - Diluted EPS $ 1,772 11,686 $ 0.15 For the six months ended June 30, 2015 Basic EPS $ 4,470 12,229 $ 0.37 Effect of dilutive stock options and warrants - 114 - Diluted EPS $ 4,470 12,343 $ 0.36 For the six months ended June 30, 2014 Basic EPS $ 3,414 11,599 $ 0.29 Effect of dilutive stock options and warrants - 70 - Diluted EPS $ 3,414 11,669 $ 0.29

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of assets measured at fair value on a recurring basis	Fair Value Measurements Using (dollars in thousands) Total at Quoted Prices in Significant Significant Financial assets: Available for sale securities Obligations of states and political subdivisions $ 2,238 $ - $ 2,238 $ - Trust preferred securities 1,895 - 1,895 - $ 4,133 $ - $ 4,133 $ - Fair Value Measurements Using (dollars in thousands) Total at Quoted Prices in Significant Significant Financial assets: Available for sale securities Obligations of states and political subdivisions $ 2,285 $ - $ 2,285 $ -
Schedule of assets measured at fair value on non recurring basis	Fair Value Measurements Using (dollars in thousands) Total at Quoted Prices in Significant Significant Impaired non-covered loans: Commercial real estate - owner occupied $ 7,170 $ 7,170 Commercial real estate - non-owner occupied (1) 138 138 Construction and land development - - Commercial loans 6,542 6,542 Residential 1-4 family - - Impaired covered loans: Residential 1-4 family 1,740 1,740 Non-covered other real estate owned: Commercial real estate - owner occupied 1,681 1,681 Commercial real estate - non-owner occupied (1) 1,631 1,631 Construction and land development 6,555 6,555 Residential 1-4 family 3,780 3,780 Fair Value Measurements Using (dollars in thousands) Total at Quoted Prices in Significant Significant Impaired non-covered loans: Commercial real estate - owner occupied $ 11,852 $ 11,852 Commercial real estate - non-owner occupied (1) 1,859 1,859 Construction and land development 347 347 Commercial loans 8,005 8,005 Residential 1-4 family 1,044 1,044 Impaired covered loans: Residential 1-4 family 1,740 1,740 Non-covered other real estate owned: Commercial real estate - owner occupied 461 461 Commercial real estate - non-owner occupied (1) 1,792 1,792 Construction and land development 6,818 6,818 Residential 1-4 family 3,980 3,980
Schedule of estimated fair values and fair value hierarchy levels of financial instruments	June 30, 2015 December 31, 2014 Fair Value Carrying Fair Carrying Fair Financial assets: Cash and cash equivalents Level 1 $ 74,526 $ 74,526 $ 38,320 $ 38,320 Securities available for sale See previous table 4,133 4,133 2,285 2,285 Securities held to maturity Level 2 93,048 92,028 94,058 94,093 Stock in Federal Reserve Bank and Federal Home Loan Bank n/a 6,132 n/a 5,681 n/a Equity investment in mortgage affiliate Level 3 4,293 4,293 3,631 3,631 Preferred investment in mortgage affiliate Level 3 2,555 2,555 1,805 1,805 Net non-covered loans Level 3 714,594 726,333 657,583 666,621 Net covered loans Level 3 37,455 43,927 38,475 43,663 Accrued interest receivable Level 2 & Level 3 2,833 2,833 2,904 2,904 FDIC indemnification asset Level 3 3,322 2,258 3,571 2,261 Financial liabilities: Demand deposits Level 1 96,446 96,446 94,578 94,578 Money market and savings accounts Level 1 179,727 179,727 181,452 181,452 Certificates of deposit Level 3 540,857 542,024 466,395 466,391 Securities sold under agreements to repurchase and other short-term borrowings Level 1 45,036 45,036 29,044 29,044 FHLB advances Level 3 25,000 25,409 25,000 25,526 Accrued interest payable Level 1 & Level 3 721 721 560 560

ACCOUNTING POLICIES (Detail Tex

ACCOUNTING POLICIES (Detail Textuals) - Sonabank	6 Months Ended
	Jun. 30, 2015Branch
Virginia
Organization And Significant Accounting Policies [Line Items]
Number of branches	15
Warrenton
Organization And Significant Accounting Policies [Line Items]
Number of branches	2
Middleburg and Leesburg | Loudoun
Organization And Significant Accounting Policies [Line Items]
Number of branches	2
South Riding | Loudoun
Organization And Significant Accounting Policies [Line Items]
Number of branches	1
Front Royal
Organization And Significant Accounting Policies [Line Items]
Number of branches	1
New Market
Organization And Significant Accounting Policies [Line Items]
Number of branches	1
Haymarket
Organization And Significant Accounting Policies [Line Items]
Number of branches	1
Richmond
Organization And Significant Accounting Policies [Line Items]
Number of branches	1
Clifton Forge
Organization And Significant Accounting Policies [Line Items]
Number of branches	1
Maryland
Organization And Significant Accounting Policies [Line Items]
Number of branches	8
Maryland | Rockville
Organization And Significant Accounting Policies [Line Items]
Number of branches	1
Maryland | Shady Grove
Organization And Significant Accounting Policies [Line Items]
Number of branches	1
Maryland | Frederick
Organization And Significant Accounting Policies [Line Items]
Number of branches	1
Maryland | Bethesda
Organization And Significant Accounting Policies [Line Items]
Number of branches	1
Maryland | Upper Marlboro
Organization And Significant Accounting Policies [Line Items]
Number of branches	1
Maryland | Brandywine
Organization And Significant Accounting Policies [Line Items]
Number of branches	1
Maryland | Owings
Organization And Significant Accounting Policies [Line Items]
Number of branches	1
Maryland | Huntingtown
Organization And Significant Accounting Policies [Line Items]
Number of branches	1

STOCK- BASED COMPENSATION - wei

STOCK- BASED COMPENSATION - weighted-average assumptions were used to value options granted (Details) - 6 months ended Jun. 30, 2015 - Employee Stock Option [Member] - $ / shares	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life	10 years
Expected volatility	14.71%
Risk-free interest rate	2.26%
Weighted average fair value per option granted	$ 0.51
Dividend yield	5.51%

STOCK- BASED COMPENSATION - Act

STOCK- BASED COMPENSATION - Activity in stock option plan (Details 1) - Jun. 30, 2015 - Stock Options - USD ($) $ / shares in Units, $ in Thousands	Total
Shares
Options outstanding, beginning of period	621,050
Granted	125,500
Forfeited
Exercised	(46,750)
Options outstanding, end of period	699,800
Vested or expected to vest	699,800
Exercisable at end of period	317,730
Weighted Average Exercise Price
Options outstanding, beginning of period	$ 8.49
Granted	$ 11.43
Forfeited
Exercised	$ 9.09
Options outstanding, end of period	8.98
Vested or expected to vest	8.98
Exercisable at end of period	$ 7.84
Weighted Average Remaining Contractual Term
Options outstanding, end of period	7 years
Vested or expected to vest	7 years
Exercisable at end of period	7 years
Options outstanding, end of period - Aggregate Intrinsic Value	$ 1,528
Vested or expected to vest - Aggregate Intrinsic Value	1,528
Exercisable at end of period - Aggregate Intrinsic Value	$ 1,041

STOCK- BASED COMPENSATION (Deta

STOCK- BASED COMPENSATION (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Apr. 30, 2010	Dec. 31, 2004
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 85	$ 75	$ 169	$ 151
Unrecognized compensation expense associated with the stock options	$ 791		$ 791
Unrecognized compensation cost weighted average recognition period			3 years 1 month 6 days
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option granted			125,500
Stock Options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum term of options			10 years
Stock Options | 2004 Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for reservation (in shares)						302,500
Stock Options | 2010 Stock Awards and Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for reservation (in shares)					700,000

SECURITIES - Amortized cost and

SECURITIES - Amortized cost and fair value of securities (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 4,881
Gross Unrealized Gains	8
Gross Unrealized Losses	(756)
Fair Value	4,133	$ 2,285
Obligations of states and political subdivisions
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,291	$ 2,295
Gross Unrealized Gains	8
Gross Unrealized Losses	(61)	$ (10)
Fair Value	2,238	$ 2,285
Trust preferred securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 2,590
Gross Unrealized Gains
Gross Unrealized Losses	$ (695)
Fair Value	$ 1,895

SECURITIES - Carrying amount an

SECURITIES - Carrying amount and fair value of securities (Details 1) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 93,047	$ 94,058
Gross Unrecognized Gains	802	2,637
Gross Unrecognized Losses	(1,821)	(2,602)
Fair Value	92,028	94,093
Residential government-sponsored mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	22,916	22,897
Gross Unrecognized Gains	556	708
Gross Unrecognized Losses	(21)	(8)
Fair Value	23,451	23,597
Residential government-sponsored collateralized mortgage obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 3,236	$ 3,564
Gross Unrecognized Gains
Gross Unrecognized Losses	$ (51)	$ (53)
Fair Value	3,185	3,511
Government-sponsored agency securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	46,925	44,949
Gross Unrecognized Gains	174	294
Gross Unrecognized Losses	(1,066)	(822)
Fair Value	46,033	44,421
Obligations of states and political subdivisions
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	15,473	15,531
Gross Unrecognized Gains	72	108
Gross Unrecognized Losses	(287)	(145)
Fair Value	15,258	15,494
Other residential collateralized mortgage obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost		$ 599
Gross Unrecognized Gains
Gross Unrecognized Losses
Fair Value		$ 599
Trust preferred securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 4,497	6,518
Gross Unrecognized Gains		1,527
Gross Unrecognized Losses	$ (396)	(1,574)
Fair Value	$ 4,101	$ 6,471

SECURITIES - Contractual maturi

SECURITIES - Contractual maturity (Details 2) $ in Thousands	Jun. 30, 2015USD ($)
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Held to maturity, due in five to ten years, amortized cost	$ 13,367
Held to maturity, due in five to ten years, fair value	13,189
Held to maturity, due after ten years, amortized cost	53,528
Held to maturity, due after ten years, fair value	52,203
Held to maturity, amortized cost	93,047
Held to maturity, fair value	$ 92,028
Available for sale, due in five to ten years, amortized cost
Available for sale, due in five to ten years, fair value
Available for sale, due after ten years, amortized cost	$ 4,881
Available for sale, due after ten years, fair value	4,133
Available for sale, amortized cost	4,881
Available for sale, fair value	4,133
Residential government-sponsored mortgage-backed securities
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Held to maturity, amortized cost	22,916
Held to maturity, fair value	$ 23,451
Available for sale, amortized cost
Available for sale, fair value
Residential government-sponsored collateralized mortgage obligations
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Held to maturity, amortized cost	$ 3,236
Held to maturity, fair value	$ 3,185
Available for sale, amortized cost
Available for sale, fair value

SECURITIES - Securities in cont

SECURITIES - Securities in continuous unrealized loss position (Details 3) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule Of Available For Sale and Held To Maturity Securities
Available for sale, less than 12 months, fair value	$ 1,679
Available for sale, less than 12 months, unrealized losses	(61)
Available for sale, 12 months or more, fair value	1,895
Available for sale, 12 months or more, unrealized losses	(695)
Available for sale, total fair value	3,574
Available for sale, total unrealized losses	(756)
Held to maturity, less than 12 months, fair value	34,533	$ 4,683
Held to Maturity, less than 12 months unrecognized losses	(772)	(31)
Held to Maturity, 12 months or more, fair value	19,387	44,345
Held to Maturity, 12 months or more, unrecognized losses	(1,049)	(2,571)
Held to maturity, total fair value	53,920	49,028
Held to maturity, total unrecognized losses	(1,821)	(2,602)
Residential government-sponsored mortgage-backed securities
Schedule Of Available For Sale and Held To Maturity Securities
Held to maturity, less than 12 months, fair value	5,249	3,506
Held to Maturity, less than 12 months unrecognized losses	(17)	$ (8)
Held to Maturity, 12 months or more, fair value	721
Held to Maturity, 12 months or more, unrecognized losses	(4)
Held to maturity, total fair value	5,970	$ 3,506
Held to maturity, total unrecognized losses	(21)	(8)
Residential government-sponsored collateralized mortgage obligations
Schedule Of Available For Sale and Held To Maturity Securities
Held to maturity, less than 12 months, fair value	592	692
Held to Maturity, less than 12 months unrecognized losses	(3)	(3)
Held to Maturity, 12 months or more, fair value	2,593	2,819
Held to Maturity, 12 months or more, unrecognized losses	(48)	(50)
Held to maturity, total fair value	3,185	3,511
Held to maturity, total unrecognized losses	(51)	$ (53)
Government-Sponsored Agency Securities
Schedule Of Available For Sale and Held To Maturity Securities
Held to maturity, less than 12 months, fair value	23,253
Held to Maturity, less than 12 months unrecognized losses	(679)
Held to Maturity, 12 months or more, fair value	9,601	$ 29,154
Held to Maturity, 12 months or more, unrecognized losses	(387)	(822)
Held to maturity, total fair value	32,854	29,154
Held to maturity, total unrecognized losses	(1,066)	(822)
Obligations of states and political subdivisions
Schedule Of Available For Sale and Held To Maturity Securities
Available for sale, less than 12 months, fair value	1,679	485
Available for sale, less than 12 months, unrealized losses	$ (61)	(1)
Available for sale, 12 months or more, fair value		1,800
Available for sale, 12 months or more, unrealized losses		(9)
Available for sale, total fair value	$ 1,679	2,285
Available for sale, total unrealized losses	(61)	(10)
Held to maturity, less than 12 months, fair value	5,439	485
Held to Maturity, less than 12 months unrecognized losses	(73)	(20)
Held to Maturity, 12 months or more, fair value	2,371	8,139
Held to Maturity, 12 months or more, unrecognized losses	(214)	(125)
Held to maturity, total fair value	7,810	8,624
Held to maturity, total unrecognized losses	$ (287)	$ (145)
Trust preferred securities
Schedule Of Available For Sale and Held To Maturity Securities
Available for sale, less than 12 months, fair value
Available for sale, less than 12 months, unrealized losses
Available for sale, 12 months or more, fair value	$ 1,895
Available for sale, 12 months or more, unrealized losses	(695)
Available for sale, total fair value	1,895
Available for sale, total unrealized losses	$ (695)
Held to maturity, less than 12 months, fair value
Held to Maturity, less than 12 months unrecognized losses
Held to Maturity, 12 months or more, fair value	$ 4,101	$ 4,233
Held to Maturity, 12 months or more, unrecognized losses	(396)	(1,574)
Held to maturity, total fair value	4,101	4,233
Held to maturity, total unrecognized losses	$ (396)	$ (1,574)

SECURITIES - Owned pooled trust

SECURITIES - Owned pooled trust preferred securities (Details 4) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Available for Sale other than temporarily impaired
Cumulative OTTI related to credit loss
Estimated fair value		$ 92,028		$ 94,093
Trust preferred securities
Security
Par value - security		4,904
Book value - security		4,497
Estimated fair value - security		4,101
Previously recognized cumulative other comprehensive loss	[1]	265
Available for Sale other than temporarily impaired
Par value - Available for Sale other than temporarily impaired		3,650
Book value - Available for Sale other than temporarily impaired		2,590
Estimated fair value - Available for Sale other than temporarily impaired		1,895
Cumulative OTTI related to credit loss	[2]	1,060
Par value		8,554
Book value		7,087
Estimated fair value		4,101		$ 6,471
Trust preferred securities | ALESCO VII A1B Senior | Rating Of Moody AAA Fitch AAA When Purchased and Current Moody A3 Fitch BBB
Security
Par value - security		4,583
Book value - security		4,181
Estimated fair value - security		$ 3,827
Current deferrals and defaults - security		12.00%
Previously recognized cumulative other comprehensive loss	[1]	$ 260
Trust preferred securities | MMCF III B Senior Sub | Rating Of Moody A3 Fitch A- When Purchased and Current Moody Ba1 Fitch CC
Security
Par value - security		321
Book value - security		316
Estimated fair value - security		$ 274
Current deferrals and defaults - security		30.00%
Previously recognized cumulative other comprehensive loss	[1]	$ 5
Trust preferred securities | TPREF FUNDING II Mezzanine | Rating Of Moody A1 Fitch A- When Purchased and Current Moody Caa3 Fitch C
Available for Sale other than temporarily impaired
Par value - Available for Sale other than temporarily impaired		1,500
Book value - Available for Sale other than temporarily impaired		1,100
Estimated fair value - Available for Sale other than temporarily impaired		$ 697
Current Deferrals and Defaults - Available for Sale other than temporarily impaired		36.00%
Cumulative OTTI related to credit loss	[2]	$ 400
Trust preferred securities | ALESCO V C1 Mezzanine | Rating Of Moody A2 Fitch A When Purchased and Current Moody C Fitch C
Available for Sale other than temporarily impaired
Par value - Available for Sale other than temporarily impaired		2,150
Book value - Available for Sale other than temporarily impaired		1,490
Estimated fair value - Available for Sale other than temporarily impaired		$ 1,198
Current Deferrals and Defaults - Available for Sale other than temporarily impaired		15.00%
Cumulative OTTI related to credit loss	[2]	$ 660
[1]	Pre-tax, and represents unrealized losses at date of transfer from available-for-sale to held-to-maturity, net of accretion
[2]	Pre-tax

SECURITIES - Roll forward of cr

SECURITIES - Roll forward of credit losses (Details 5) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Amount of cumulative other-than-temporary impairment related to credit loss prior to January 1	$ 8,949	$ 8,911
Amounts related to credit loss for which an other-than-temporary impairment was not previously recognized
Amounts related to credit loss for which an other-than-temporary impairment was previously recognized		$ 41
Reductions due to sales of securities for which an other-than-temporary impairment was previously recognized	$ (7,889)
Reductions due to realized losses		$ (2)
Amount of cumulative other-than-temporary impairment related to credit loss as of June 30	$ 1,060	$ 8,950

SECURITIES - Changes in accumul

SECURITIES - Changes in accumulated other comprehensive income by component (Details 6) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (2,991)	$ (3,095)	$ (3,020)	$ (3,190)
Other comprehensive income/(loss) before reclassifications	(500)	$ 44	(471)	$ 139
Amounts reclassified from accumulated other comprehensive income/(loss)	2,824		2,824
Net current-period other comprehensive income/(loss)	2,324	$ 44	2,353	$ 139
Ending balance	(667)	(3,051)	(667)	(3,051)
Unrealized Holding Gains (Losses) on Available for Sale Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	9	(109)	(6)	(203)
Other comprehensive income/(loss) before reclassifications	$ (502)	$ 49	$ (487)	$ 143
Amounts reclassified from accumulated other comprehensive income/(loss)
Net current-period other comprehensive income/(loss)	$ (502)	$ 49	$ (487)	$ 143
Ending balance	(493)	(60)	(493)	(60)
Held to Maturity Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(3,000)	(2,986)	(3,014)	(2,987)
Other comprehensive income/(loss) before reclassifications	2	$ (5)	16	$ (4)
Amounts reclassified from accumulated other comprehensive income/(loss)	2,824		2,824
Net current-period other comprehensive income/(loss)	2,826	$ (5)	2,840	$ (4)
Ending balance	$ (174)	$ (2,991)	$ (174)	$ (2,991)

SECURITIES (Detail Textuals)

SECURITIES (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Temporarily impaired securities	$ 25		$ 41
Fair value		$ 4,133		$ 2,285
Securities held to maturity fair value (in dollars)		92,028		94,093
Trust preferred securities
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Gain on Sale of Securities		520
Fair value		1,895
Securities held to maturity fair value (in dollars)		4,101		6,471
Trust preferred securities | Retained interest
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Fair value		1,900
Securities held to maturity fair value (in dollars)		4,500
Federal Home Loan Bank of Atlanta
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Securities with a carrying amount pledged to secure public deposits		68,200		$ 71,800
Temporarily impaired securities		$ 57,500

SECURITIES (Detail Textuals 1)

SECURITIES (Detail Textuals 1) - Jun. 30, 2015 - USD ($) $ in Billions	Total
Schedule Of Available For Sale and Held To Maturity Securities
Other than temporary impairment performing collateral will default or defer per annum	5.00%
Recoveries ranging	13.00%
Period of no prepayments for security	10 years
Percentage of prepayments for remaining life of the security	1.00%
SBA guaranteed
Schedule Of Available For Sale and Held To Maturity Securities
Prepay collateral issued by banks with assets over $15 billion in 2014	10.00%
Average assets with bank	$ 15
Percentage of collateral issued by banks in second year	15.00%

SECURITIES (Detail Textuals 2)

SECURITIES (Detail Textuals 2) - Jun. 30, 2014 - USD ($) $ in Thousands	Total	Total
Trust preferred securities
Schedule Of Available For Sale and Held To Maturity Securities
OTTI charges related to credit	$ 25	$ 41

LOANS - Summary (Details)

LOANS - Summary (Details) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Loans, net of deferred fees		$ 752,049	$ 696,058
Total Loans
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied		140,490	136,597
Commercial real estate - non-owner-occupied		237,515	200,517
Secured by farmland		598	612
Construction and land loan		58,316	57,938
Residential 1-4 family		152,260	138,070
Multi- family residential		21,662	21,832
Home equity lines of credit		35,588	33,409
Total real estate loans		646,429	588,975
Commercial loans		114,152	114,714
Consumer loans		1,446	1,564
Gross loans		762,027	705,253
Less deferred fees on loans		(1,984)	(1,781)
Loans, net of deferred fees		$ 760,043	$ 703,472
Total Loans | Covered loans
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied	[1]
Commercial real estate - non-owner-occupied	[1]
Secured by farmland	[1]
Construction and land loan	[1]
Residential 1-4 family	[1]	$ 14,264	$ 14,837
Multi- family residential	[1]
Home equity lines of credit	[1]	$ 23,206	$ 23,658
Total real estate loans	[1]	$ 37,470	$ 38,495
Commercial loans	[1]
Consumer loans	[1]
Gross loans	[1]	$ 37,470	$ 38,495
Less deferred fees on loans	[1]	6	1
Loans, net of deferred fees	[1]	37,476	38,496
Total Loans | Non-covered Loans
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied		140,490	136,597
Commercial real estate - non-owner-occupied		237,515	200,517
Secured by farmland		598	612
Construction and land loan		58,316	57,938
Residential 1-4 family		137,996	123,233
Multi- family residential		21,662	21,832
Home equity lines of credit		12,382	9,751
Total real estate loans		608,959	550,480
Commercial loans		114,152	114,714
Consumer loans		1,446	1,564
Gross loans		724,557	666,758
Less deferred fees on loans		(1,990)	(1,782)
Loans, net of deferred fees		$ 722,567	$ 664,976
[1]	Covered Loans were acquired in the Greater Atlantic transaction and are covered under an FDIC loss-share agreement. The agreement covering non-single family loans expired in December 2014.

LOANS - Impaired loans (Details

LOANS - Impaired loans (Details 1) - Total Loans - USD ($) $ in Thousands		Jun. 30, 2015		Dec. 31, 2014
With no related allowance recorded
With no related allowance recorded - Recorded Investment		$ 11,825		$ 18,991
With no related allowance recorded - Unpaid Principal Balance		13,656		19,564
With an allowance recorded
With an allowance recorded - Recorded Investment		4,379		6,561
With an allowance recorded - Unpaid Principal Balance		4,479		8,380
With an allowance recorded - Allowance for Loan Losses Allocated		614		705
Recorded Investment, Grand total		16,204		25,552
Unpaid Principal Balance, Grand total		18,135		27,944
Related Allowance, Grand total		614		705
Commercial real estate - owner occupied
With no related allowance recorded
With no related allowance recorded - Recorded Investment		6,619		10,394
With no related allowance recorded - Unpaid Principal Balance		7,137		10,394
With an allowance recorded
With an allowance recorded - Recorded Investment		765		1,609
With an allowance recorded - Unpaid Principal Balance		865		2,231
With an allowance recorded - Allowance for Loan Losses Allocated		214		151
Commercial real estate - non-owner occupied
With no related allowance recorded
With no related allowance recorded - Recorded Investment	[1]	138		1,859
With no related allowance recorded - Unpaid Principal Balance	[1]	$ 234		$ 2,118
With an allowance recorded
With an allowance recorded - Recorded Investment
With an allowance recorded - Unpaid Principal Balance	[1]
With an allowance recorded - Allowance for Loan Losses Allocated	[1]
Construction and land development
With no related allowance recorded
With no related allowance recorded - Recorded Investment
With no related allowance recorded - Unpaid Principal Balance
With an allowance recorded
With an allowance recorded - Recorded Investment				$ 467
With an allowance recorded - Unpaid Principal Balance				740
With an allowance recorded - Allowance for Loan Losses Allocated				120
Commercial loans
With no related allowance recorded
With no related allowance recorded - Recorded Investment		$ 3,328		4,998
With no related allowance recorded - Unpaid Principal Balance		4,236		4,999
With an allowance recorded
With an allowance recorded - Recorded Investment		3,614		3,141
With an allowance recorded - Unpaid Principal Balance		3,614		3,944
With an allowance recorded - Allowance for Loan Losses Allocated		400		134
Residential 1-4 family
With no related allowance recorded
With no related allowance recorded - Recorded Investment	[2]	1,740		1,740
With no related allowance recorded - Unpaid Principal Balance	[2]	$ 2,049		2,053
With an allowance recorded
With an allowance recorded - Recorded Investment	[2]			1,344
With an allowance recorded - Unpaid Principal Balance	[2]			1,465
With an allowance recorded - Allowance for Loan Losses Allocated	[2]			$ 300
Other consumer loans
With no related allowance recorded
With no related allowance recorded - Recorded Investment
With no related allowance recorded - Unpaid Principal Balance
With an allowance recorded
With an allowance recorded - Recorded Investment
With an allowance recorded - Unpaid Principal Balance
With an allowance recorded - Allowance for Loan Losses Allocated
Covered loans
With no related allowance recorded
With no related allowance recorded - Recorded Investment		$ 1,740		$ 1,740
With no related allowance recorded - Unpaid Principal Balance		$ 2,049		$ 2,053
With an allowance recorded
With an allowance recorded - Recorded Investment
With an allowance recorded - Unpaid Principal Balance
With an allowance recorded - Allowance for Loan Losses Allocated
Recorded Investment, Grand total		$ 1,740		$ 1,740
Unpaid Principal Balance, Grand total		$ 2,049		$ 2,053
Related Allowance, Grand total
Covered loans | Commercial real estate - owner occupied
With no related allowance recorded
With no related allowance recorded - Recorded Investment
With no related allowance recorded - Unpaid Principal Balance
With an allowance recorded
With an allowance recorded - Recorded Investment
With an allowance recorded - Unpaid Principal Balance
With an allowance recorded - Allowance for Loan Losses Allocated
Covered loans | Commercial real estate - non-owner occupied
With no related allowance recorded
With no related allowance recorded - Recorded Investment	[1]
With no related allowance recorded - Unpaid Principal Balance	[1]
With an allowance recorded
With an allowance recorded - Recorded Investment	[1]
With an allowance recorded - Unpaid Principal Balance	[1]
With an allowance recorded - Allowance for Loan Losses Allocated	[1]
Covered loans | Construction and land development
With no related allowance recorded
With no related allowance recorded - Recorded Investment
With no related allowance recorded - Unpaid Principal Balance
With an allowance recorded
With an allowance recorded - Recorded Investment
With an allowance recorded - Unpaid Principal Balance
With an allowance recorded - Allowance for Loan Losses Allocated
Covered loans | Commercial loans
With no related allowance recorded
With no related allowance recorded - Recorded Investment
With no related allowance recorded - Unpaid Principal Balance
With an allowance recorded
With an allowance recorded - Recorded Investment
With an allowance recorded - Unpaid Principal Balance
With an allowance recorded - Allowance for Loan Losses Allocated
Covered loans | Residential 1-4 family
With no related allowance recorded
With no related allowance recorded - Recorded Investment	[2]	$ 1,740		$ 1,740
With no related allowance recorded - Unpaid Principal Balance	[2]	$ 2,049		$ 2,053
With an allowance recorded
With an allowance recorded - Recorded Investment	[2]
With an allowance recorded - Unpaid Principal Balance	[2]
With an allowance recorded - Allowance for Loan Losses Allocated	[2]
Covered loans | Other consumer loans
With no related allowance recorded
With no related allowance recorded - Recorded Investment
With no related allowance recorded - Unpaid Principal Balance
With an allowance recorded
With an allowance recorded - Recorded Investment
With an allowance recorded - Unpaid Principal Balance
With an allowance recorded - Allowance for Loan Losses Allocated
Non-covered Loans
With no related allowance recorded
With no related allowance recorded - Recorded Investment		$ 10,085	[3]	$ 17,251	[4]
With no related allowance recorded - Unpaid Principal Balance		11,607		17,511
With an allowance recorded
With an allowance recorded - Recorded Investment		4,379	[3]	6,561	[4]
With an allowance recorded - Unpaid Principal Balance		4,479		8,380
With an allowance recorded - Allowance for Loan Losses Allocated		614		705
Recorded Investment, Grand total		14,464	[3]	23,812	[4]
Unpaid Principal Balance, Grand total		16,086		25,891
Related Allowance, Grand total		614		705
Non-covered Loans | Commercial real estate - owner occupied
With no related allowance recorded
With no related allowance recorded - Recorded Investment		6,619	[3]	10,394	[4]
With no related allowance recorded - Unpaid Principal Balance		7,137		10,394
With an allowance recorded
With an allowance recorded - Recorded Investment		765	[3]	1,609	[4]
With an allowance recorded - Unpaid Principal Balance		865		2,231
With an allowance recorded - Allowance for Loan Losses Allocated		214		151
Non-covered Loans | Commercial real estate - non-owner occupied
With no related allowance recorded
With no related allowance recorded - Recorded Investment	[1]	138	[3]	1,859	[4]
With no related allowance recorded - Unpaid Principal Balance	[1]	$ 234		$ 2,118
With an allowance recorded
With an allowance recorded - Recorded Investment	[1]
With an allowance recorded - Unpaid Principal Balance	[1]
With an allowance recorded - Allowance for Loan Losses Allocated	[1]
Non-covered Loans | Construction and land development
With no related allowance recorded
With no related allowance recorded - Recorded Investment
With no related allowance recorded - Unpaid Principal Balance
With an allowance recorded
With an allowance recorded - Recorded Investment				$ 467	[4]
With an allowance recorded - Unpaid Principal Balance				740
With an allowance recorded - Allowance for Loan Losses Allocated				120
Non-covered Loans | Commercial loans
With no related allowance recorded
With no related allowance recorded - Recorded Investment		$ 3,328	[3]	4,998	[4]
With no related allowance recorded - Unpaid Principal Balance		4,236		4,999
With an allowance recorded
With an allowance recorded - Recorded Investment		3,614	[3]	3,141	[4]
With an allowance recorded - Unpaid Principal Balance		3,614		3,944
With an allowance recorded - Allowance for Loan Losses Allocated		$ 400		$ 134
Non-covered Loans | Residential 1-4 family
With no related allowance recorded
With no related allowance recorded - Recorded Investment	[2]
With no related allowance recorded - Unpaid Principal Balance	[2]
With an allowance recorded
With an allowance recorded - Recorded Investment				$ 1,344	[4]
With an allowance recorded - Unpaid Principal Balance	[2]			1,465
With an allowance recorded - Allowance for Loan Losses Allocated	[2]			$ 300
Non-covered Loans | Other consumer loans
With no related allowance recorded
With no related allowance recorded - Recorded Investment
With no related allowance recorded - Unpaid Principal Balance
With an allowance recorded
With an allowance recorded - Recorded Investment
With an allowance recorded - Unpaid Principal Balance
With an allowance recorded - Allowance for Loan Losses Allocated
[1]	Includes loans secured by farmland and multi-family residential loans.
[2]	Includes home equity lines of credit.
[3]	Recorded investment is after cumulative prior charge offs of $1.5 million. These loans also have aggregate SBA guarantees of $4.8 million.
[4]	Recorded investment is after cumulative prior charge offs of $1.7 million. These loans also have aggregate SBA guarantees of $4.7 million.

LOANS - Average recorded invest

LOANS - Average recorded investment and interest income for impaired loans (Details 2) - Total Loans - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment		$ 11,518	$ 22,315	$ 11,418	$ 19,993
With no related allowance recorded, Interest Income Recognized		88	223	176	468
With an allowance recorded
With an allowance recorded, Average Recorded Investment		4,392	957	4,418	1,129
With an allowance recorded, Interest Income Recognized		65	4	128	8
Average Recorded Investment, Grand total		15,910	23,272	15,836	21,122
Interest Income Recognized, Grand total		153	227	304	476
Commercial real estate - owner occupied
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment		6,629	8,078	6,638	7,067
With no related allowance recorded, Interest Income Recognized		74	103	148	206
With an allowance recorded
With an allowance recorded, Average Recorded Investment		771	106	777	111
With an allowance recorded, Interest Income Recognized		11	4	21	8
Commercial real estate - non-owner occupied
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment	[1]	139	2,222	140	2,237
With no related allowance recorded, Interest Income Recognized	[1]	$ 3	$ 11	$ 6	$ 41
With an allowance recorded
With an allowance recorded, Average Recorded Investment	[1]
With an allowance recorded, Interest Income Recognized	[1]
Construction and land development
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment
With no related allowance recorded, Interest Income Recognized
With an allowance recorded
With an allowance recorded, Average Recorded Investment
With an allowance recorded, Interest Income Recognized
Commercial loans
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment		$ 3,068	$ 4,941	$ 2,972	$ 3,905
With no related allowance recorded, Interest Income Recognized			20		42
With an allowance recorded
With an allowance recorded, Average Recorded Investment		$ 3,621	$ 851	$ 3,641	$ 1,018
With an allowance recorded, Interest Income Recognized		54		107
Residential 1-4 family
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment	[2]	1,682	$ 7,074	1,668	$ 6,784
With no related allowance recorded, Interest Income Recognized	[2]	$ 11	$ 89	$ 22	$ 179
With an allowance recorded
With an allowance recorded, Average Recorded Investment	[2]
With an allowance recorded, Interest Income Recognized	[2]
Other consumer loans
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment
With no related allowance recorded, Interest Income Recognized
With an allowance recorded
With an allowance recorded, Average Recorded Investment
With an allowance recorded, Interest Income Recognized
Covered loans
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment		$ 1,682	$ 3,835	$ 1,668	$ 3,846
With no related allowance recorded, Interest Income Recognized		$ 11	$ 26	$ 22	$ 72
With an allowance recorded
With an allowance recorded, Average Recorded Investment
With an allowance recorded, Interest Income Recognized
Average Recorded Investment, Grand total		$ 1,682	$ 3,835	$ 1,668	$ 3,846
Interest Income Recognized, Grand total		$ 11	26	$ 22	72
Covered loans | Commercial real estate - owner occupied
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment			743		742
With no related allowance recorded, Interest Income Recognized			$ 13		$ 26
With an allowance recorded
With an allowance recorded, Average Recorded Investment
With an allowance recorded, Interest Income Recognized
Covered loans | Commercial real estate - non-owner occupied
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment	[1]		$ 1,883		$ 1,890
With no related allowance recorded, Interest Income Recognized	[1]		$ 3		$ 24
With an allowance recorded
With an allowance recorded, Average Recorded Investment	[1]
With an allowance recorded, Interest Income Recognized	[1]
Covered loans | Construction and land development
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment
With no related allowance recorded, Interest Income Recognized
With an allowance recorded
With an allowance recorded, Average Recorded Investment
With an allowance recorded, Interest Income Recognized
Covered loans | Commercial loans
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment
With no related allowance recorded, Interest Income Recognized
With an allowance recorded
With an allowance recorded, Average Recorded Investment
With an allowance recorded, Interest Income Recognized
Covered loans | Residential 1-4 family
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment	[2]	$ 1,682	$ 1,209	$ 1,668	$ 1,214
With no related allowance recorded, Interest Income Recognized	[2]	$ 11	$ 10	$ 22	$ 22
With an allowance recorded
With an allowance recorded, Average Recorded Investment	[2]
With an allowance recorded, Interest Income Recognized	[2]
Covered loans | Other consumer loans
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment
With no related allowance recorded, Interest Income Recognized
With an allowance recorded
With an allowance recorded, Average Recorded Investment
With an allowance recorded, Interest Income Recognized
Non-covered Loans
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment		$ 9,836	$ 18,480	$ 9,750	$ 16,147
With no related allowance recorded, Interest Income Recognized		77	197	154	396
With an allowance recorded
With an allowance recorded, Average Recorded Investment		4,392	957	4,418	1,129
With an allowance recorded, Interest Income Recognized		65	4	128	8
Average Recorded Investment, Grand total		14,228	19,437	14,168	17,276
Interest Income Recognized, Grand total		142	201	282	404
Non-covered Loans | Commercial real estate - owner occupied
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment		6,629	7,335	6,638	6,325
With no related allowance recorded, Interest Income Recognized		74	90	148	180
With an allowance recorded
With an allowance recorded, Average Recorded Investment		771	106	777	111
With an allowance recorded, Interest Income Recognized		11	4	21	8
Non-covered Loans | Commercial real estate - non-owner occupied
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment	[1]	139	339	140	347
With no related allowance recorded, Interest Income Recognized	[1]	$ 3	$ 8	$ 6	$ 17
With an allowance recorded
With an allowance recorded, Average Recorded Investment	[1]
With an allowance recorded, Interest Income Recognized	[1]
Non-covered Loans | Construction and land development
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment
With no related allowance recorded, Interest Income Recognized
With an allowance recorded
With an allowance recorded, Average Recorded Investment
With an allowance recorded, Interest Income Recognized
Non-covered Loans | Commercial loans
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment		$ 3,068	$ 4,941	$ 2,972	$ 3,905
With no related allowance recorded, Interest Income Recognized			20		42
With an allowance recorded
With an allowance recorded, Average Recorded Investment		$ 3,621	$ 851	$ 3,641	$ 1,018
With an allowance recorded, Interest Income Recognized		$ 54		$ 107
Non-covered Loans | Residential 1-4 family
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment	[2]		$ 5,865		$ 5,570
With no related allowance recorded, Interest Income Recognized	[2]		$ 79		$ 157
With an allowance recorded
With an allowance recorded, Average Recorded Investment	[2]
With an allowance recorded, Interest Income Recognized	[2]
Non-covered Loans | Other consumer loans
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment
With no related allowance recorded, Interest Income Recognized
With an allowance recorded
With an allowance recorded, Average Recorded Investment
With an allowance recorded, Interest Income Recognized
[1]	Includes loans secured by farmland and multi-family residential loans.
[2]	Includes home equity lines of credit.

LOANS - Aging of recorded inves

LOANS - Aging of recorded investment (Details 3) - Total Loans - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 2,351	$ 5,197
Recorded investment, Nonaccrual Loans		5,425	6,511
Recorded Investment, Loans Not Past Due		754,251	693,545
Total Loans		762,027	705,253
30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		2,231	4,463
60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 120	$ 734
90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Commercial real estate - owner occupied
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 701
Recorded investment, Nonaccrual Loans		66	$ 1,524
Recorded Investment, Loans Not Past Due		139,723	135,073
Total Loans		140,490	$ 136,597
Commercial real estate - owner occupied | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 701
Commercial real estate - owner occupied | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Commercial real estate - owner occupied | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Commercial real estate - non-owner occupied
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[1]	$ 114	$ 4,128
Recorded investment, Nonaccrual Loans	[1]
Recorded Investment, Loans Not Past Due	[1]	$ 259,661	$ 218,833
Total Loans	[1]	259,775	222,961
Commercial real estate - non-owner occupied | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[1]	$ 114	$ 4,128
Commercial real estate - non-owner occupied | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[1]
Commercial real estate - non-owner occupied | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[1]
Construction and land development
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Recorded investment, Nonaccrual Loans			$ 467
Recorded Investment, Loans Not Past Due		$ 58,316	57,471
Total Loans		$ 58,316	$ 57,938
Construction and land development | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Construction and land development | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Construction and land development | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Commercial loans
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 984
Recorded investment, Nonaccrual Loans		4,776	$ 3,140
Recorded Investment, Loans Not Past Due		108,392	111,574
Total Loans		114,152	$ 114,714
Commercial loans | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 984
Commercial loans | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Commercial loans | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Residential 1-4 family
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[2]	$ 540	$ 1,063
Recorded investment, Nonaccrual Loans	[2]	583	1,380
Recorded Investment, Loans Not Past Due	[2]	186,725	169,036
Total Loans	[2]	187,848	171,479
Residential 1-4 family | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[2]	432	329
Residential 1-4 family | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[2]	$ 108	$ 734
Residential 1-4 family | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[2]
Other consumer loans
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 12	$ 6
Recorded investment, Nonaccrual Loans
Recorded Investment, Loans Not Past Due		$ 1,434	$ 1,558
Total Loans		$ 1,446	1,564
Other consumer loans | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due			$ 6
Other consumer loans | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 12
Other consumer loans | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Covered loans
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 13	$ 158
Recorded investment, Nonaccrual Loans		583	859
Recorded Investment, Loans Not Past Due		36,874	37,478
Total Loans	[3]	37,470	38,495
Covered loans | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 13	10
Covered loans | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due			$ 148
Covered loans | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Covered loans | Commercial real estate - owner occupied
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Recorded investment, Nonaccrual Loans
Recorded Investment, Loans Not Past Due
Total Loans
Covered loans | Commercial real estate - owner occupied | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Covered loans | Commercial real estate - owner occupied | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Covered loans | Commercial real estate - owner occupied | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Covered loans | Commercial real estate - non-owner occupied
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[1]
Recorded investment, Nonaccrual Loans	[1]
Recorded Investment, Loans Not Past Due	[1]
Total Loans	[1]
Covered loans | Commercial real estate - non-owner occupied | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[1]
Covered loans | Commercial real estate - non-owner occupied | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[1]
Covered loans | Commercial real estate - non-owner occupied | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[1]
Covered loans | Construction and land development
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Recorded investment, Nonaccrual Loans
Recorded Investment, Loans Not Past Due
Total Loans
Covered loans | Construction and land development | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Covered loans | Construction and land development | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Covered loans | Construction and land development | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Covered loans | Commercial loans
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Recorded investment, Nonaccrual Loans
Recorded Investment, Loans Not Past Due
Total Loans
Covered loans | Commercial loans | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Covered loans | Commercial loans | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Covered loans | Commercial loans | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Covered loans | Residential 1-4 family
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[2]	$ 13	$ 158
Recorded investment, Nonaccrual Loans	[2]	583	859
Recorded Investment, Loans Not Past Due	[2]	36,874	37,478
Total Loans	[2]	37,470	38,495
Covered loans | Residential 1-4 family | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[2]	$ 13	$ 13
Covered loans | Residential 1-4 family | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[2]
Covered loans | Residential 1-4 family | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[2]
Covered loans | Other consumer loans
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Recorded investment, Nonaccrual Loans
Recorded Investment, Loans Not Past Due
Total Loans
Covered loans | Other consumer loans | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Covered loans | Other consumer loans | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Covered loans | Other consumer loans | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Non-covered Loans
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 2,338	$ 5,039
Recorded investment, Nonaccrual Loans		4,842	5,652
Recorded Investment, Loans Not Past Due		717,377	656,067
Total Loans		724,557	666,758
Non-covered Loans | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		2,218	4,453
Non-covered Loans | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 120	$ 586
Non-covered Loans | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Non-covered Loans | Commercial real estate - owner occupied
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 701
Recorded investment, Nonaccrual Loans		66	$ 1,524
Recorded Investment, Loans Not Past Due		139,723	135,073
Total Loans		140,490	$ 136,597
Non-covered Loans | Commercial real estate - owner occupied | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 701
Non-covered Loans | Commercial real estate - owner occupied | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Non-covered Loans | Commercial real estate - owner occupied | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Non-covered Loans | Commercial real estate - non-owner occupied
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[1]	$ 114	$ 4,128
Recorded investment, Nonaccrual Loans	[1]
Recorded Investment, Loans Not Past Due	[1]	$ 259,661	$ 218,833
Total Loans	[1]	259,775	222,961
Non-covered Loans | Commercial real estate - non-owner occupied | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[1]	$ 114	$ 4,128
Non-covered Loans | Commercial real estate - non-owner occupied | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[1]
Non-covered Loans | Commercial real estate - non-owner occupied | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[1]
Non-covered Loans | Construction and land development
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Recorded investment, Nonaccrual Loans			$ 467
Recorded Investment, Loans Not Past Due		$ 58,316	57,471
Total Loans		$ 58,316	$ 57,938
Non-covered Loans | Construction and land development | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Non-covered Loans | Construction and land development | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Non-covered Loans | Construction and land development | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Non-covered Loans | Commercial loans
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 984
Recorded investment, Nonaccrual Loans		4,776	$ 3,140
Recorded Investment, Loans Not Past Due		108,392	111,574
Total Loans		114,152	$ 114,714
Non-covered Loans | Commercial loans | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 984
Non-covered Loans | Commercial loans | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Non-covered Loans | Commercial loans | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Non-covered Loans | Residential 1-4 family
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[2]	$ 527	$ 905
Recorded investment, Nonaccrual Loans	[2]		521
Recorded Investment, Loans Not Past Due	[2]	$ 149,851	131,558
Total Loans	[2]	150,378	132,984
Non-covered Loans | Residential 1-4 family | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[2]	419	319
Non-covered Loans | Residential 1-4 family | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[2]	$ 108	$ 586
Non-covered Loans | Residential 1-4 family | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[2]
Non-covered Loans | Other consumer loans
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 12	$ 6
Recorded investment, Nonaccrual Loans
Recorded Investment, Loans Not Past Due		$ 1,434	$ 1,558
Total Loans		$ 1,446	1,564
Non-covered Loans | Other consumer loans | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due			$ 6
Non-covered Loans | Other consumer loans | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 12
Non-covered Loans | Other consumer loans | 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
[1]	Includes loans secured by farmland and multi-family residential loans.
[2]	Includes home equity lines of credit.
[3]	Covered Loans were acquired in the Greater Atlantic transaction and are covered under an FDIC loss-share agreement. The agreement covering non-single family loans expired in December 2014.

LOANS - Allowance for loan and

LOANS - Allowance for loan and lease losses (Details 4) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Allowance for loan losses:
Beginning balance				$ 7,414
Provision		$ 1,500	$ 194	2,025	$ 1,369
Ending balance		7,994		7,994
Total Loans | Non-covered Loans
Allowance for loan losses:
Beginning balance		7,720	7,305	7,393	7,039
Charge offs		(1,269)	$ (260)	(1,624)	(1,219)
Recoveries		22		179	120
Provision		1,500	$ 200	2,025	1,375
Ending balance		7,973	7,315	7,973	7,315
Total Loans | Commercial real estate - owner occupied | Non-covered Loans
Allowance for loan losses:
Beginning balance		1,424	$ 616	855	814
Charge offs		(1,000)		(1,000)	(71)
Recoveries		3	$ 4	4	8
Provision		627	(24)	1,195	(155)
Ending balance		1,054	596	1,054	596
Total Loans | Commercial Real Estate Non-owner Occupied | Non-covered Loans
Allowance for loan losses:
Beginning balance	[1]	$ 1,188	$ 810	$ 1,123	$ 985
Charge offs	[1]
Recoveries	[1]	$ 6	$ 6	$ 12	$ 12
Provision	[1]	330	117	389	(64)
Ending balance	[1]	1,524	933	1,524	933
Total Loans | Construction and Land Loans | Non-covered Loans
Allowance for loan losses:
Beginning balance		$ 1,351	$ 1,152	$ 1,644	$ 1,068
Charge offs
Recoveries			$ 1	$ 139	$ 1
Provision		$ (299)	247	(731)	331
Ending balance		1,052	1,400	1,052	1,400
Total Loans | Commercial loans | Non-covered Loans
Allowance for loan losses:
Beginning balance		2,049	2,648	2,063	2,797
Charge offs		(266)	(260)	(619)	(848)
Recoveries		10	58	19	92
Provision		628	480	958	885
Ending balance		2,421	2,926	2,421	2,926
Total Loans | 1-4 Family Residential | Non-covered Loans
Allowance for loan losses:
Beginning balance	[2]	$ 1,215	$ 1,102	$ 1,322	1,302
Charge offs	[2]				(300)
Recoveries	[2]	$ 2	$ 1	$ 4	2
Provision	[2]	7	(318)	(102)	(219)
Ending balance	[2]	1,224	785	1,224	785
Total Loans | Other consumer loans | Non-covered Loans
Allowance for loan losses:
Beginning balance		43	$ 50	49	$ 54
Charge offs		(3)		(5)
Recoveries		1		1	$ 5
Provision		5	$ 9	1
Ending balance		46	59	46	$ 59
Total Loans | Unallocated | Non-covered Loans
Allowance for loan losses:
Beginning balance		$ 450	$ 927	$ 337	$ 19
Charge offs
Recoveries			$ 70
Provision		$ 202	(311)	$ 315	$ 597
Ending balance		$ 652	$ 616	$ 652	$ 616
[1]	Includes loans secured by farmland and multi-family residential loans.
[2]	Includes home equity lines of credit.

LOANS - Activity in allowance f

LOANS - Activity in allowance for covered loan and lease losses by class of loan (Details 5) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Allowance for loan losses:
Beginning balance				$ 7,414
Provision		$ 1,500	$ 194	2,025	$ 1,369
Ending balance		7,994		7,994
Loans Receivable | Covered loans
Allowance for loan losses:
Beginning balance		$ 21	$ 51	$ 21	$ 51
Charge offs
Recoveries
Adjustments	[1]		$ (24)		$ (24)
Provision			(6)		(6)
Ending balance		$ 21	$ 21	$ 21	$ 21
Loans Receivable | Commercial real estate - owner occupied | Covered loans
Allowance for loan losses:
Beginning balance
Charge offs
Recoveries
Adjustments	[1]
Provision
Ending balance
Loans Receivable | Commercial Real Estate Non-owner Occupied | Covered loans
Allowance for loan losses:
Beginning balance	[2]		$ 45		$ 45
Charge offs	[2]
Recoveries	[2]
Adjustments	[1],[2]		$ (36)		$ (36)
Provision	[2]		$ (9)		$ (9)
Ending balance	[2]
Loans Receivable | Construction and Land Loans | Covered loans
Allowance for loan losses:
Beginning balance
Charge offs
Recoveries
Adjustments	[1]
Provision
Ending balance
Loans Receivable | Commercial loans | Covered loans
Allowance for loan losses:
Beginning balance
Charge offs
Recoveries
Adjustments	[1]
Provision
Ending balance
Loans Receivable | 1-4 Family Residential | Covered loans
Allowance for loan losses:
Beginning balance	[3]	$ 17		$ 17
Charge offs	[3]
Recoveries	[3]
Adjustments	[1],[3]		$ 14		$ 14
Provision	[3]		3		3
Ending balance	[3]	$ 17	17	$ 17	17
Loans Receivable | Other consumer loans | Covered loans
Allowance for loan losses:
Beginning balance		$ 4	$ 6	$ 4	$ 6
Charge offs
Recoveries
Adjustments	[1]		$ (2)		$ (2)
Provision
Ending balance		$ 4	$ 4	$ 4	$ 4
Loans Receivable | Unallocated | Covered loans
Allowance for loan losses:
Beginning balance
Charge offs
Recoveries
Adjustments	[1]
Provision
Ending balance
[1]	Represents the portion of increased expected losses which is covered by the loss sharing agreement with the FDIC.
[2]	Includes loans secured by farmland and multi-family residential loans.
[3]	Includes home equity lines of credit.

LOANS -Allowance for loan losse

LOANS -Allowance for loan losses and recorded investment in non covered loans by portfolio segment (Details 6) - USD ($) $ in Thousands		Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Ending allowance balance attributable to loans:
Total ending allowance		$ 7,994		$ 7,414
Total Loans
Loans:
Total ending loan balances		762,027		705,253
Total Loans | Commercial real estate - owner occupied
Loans:
Total ending loan balances		140,490		136,597
Total Loans | Commercial real estate - non-owner occupied
Loans:
Total ending loan balances	[1]	259,775		222,961
Total Loans | Construction and land development
Loans:
Total ending loan balances		58,316		57,938
Total Loans | Commercial loans
Loans:
Total ending loan balances		114,152		114,714
Total Loans | 1-4 Family Residential
Loans:
Total ending loan balances	[2]	187,848		171,479
Total Loans | Other consumer loans
Loans:
Total ending loan balances		1,446		1,564
Total Loans | Non-covered Loans
Ending allowance balance attributable to loans:
Individually evaluated for impairment		614		705
Collectively evaluated for impairment		7,359		6,688
Total ending allowance		7,973	$ 7,720	7,393	$ 7,315	$ 7,305	$ 7,039
Loans:
Individually evaluated for impairment		14,464		23,812
Collectively evaluated for impairment		710,093		642,946
Total ending loan balances		724,557		666,758
Total Loans | Non-covered Loans | Commercial real estate - owner occupied
Ending allowance balance attributable to loans:
Individually evaluated for impairment		214		151
Collectively evaluated for impairment		840		704
Total ending allowance		1,054	1,424	855	596	616	814
Loans:
Individually evaluated for impairment		7,384		12,003
Collectively evaluated for impairment		133,106		124,594
Total ending loan balances		$ 140,490		$ 136,597
Total Loans | Non-covered Loans | Commercial real estate - non-owner occupied
Ending allowance balance attributable to loans:
Individually evaluated for impairment	[1]
Collectively evaluated for impairment	[1]	$ 1,524		$ 1,123
Total ending allowance	[1]	1,524	1,188	1,123	933	810	985
Loans:
Individually evaluated for impairment	[1]	138		1,859
Collectively evaluated for impairment	[1]	259,637		221,102
Total ending loan balances	[1]	$ 259,775		222,961
Total Loans | Non-covered Loans | Construction and land development
Ending allowance balance attributable to loans:
Individually evaluated for impairment				120
Collectively evaluated for impairment		$ 1,052		1,524
Total ending allowance		$ 1,052	1,351	1,644	1,400	1,152	1,068
Loans:
Individually evaluated for impairment				467
Collectively evaluated for impairment		$ 58,316		57,471
Total ending loan balances		58,316		57,938
Total Loans | Non-covered Loans | Commercial loans
Ending allowance balance attributable to loans:
Individually evaluated for impairment		400		134
Collectively evaluated for impairment		2,021		1,929
Total ending allowance		$ 2,421	2,049	2,063	2,926	2,648	2,797
Loans:
Individually evaluated for impairment				8,139
Collectively evaluated for impairment		$ 107,210		106,575
Total ending loan balances		$ 114,152		114,714
Total Loans | Non-covered Loans | 1-4 Family Residential
Ending allowance balance attributable to loans:
Individually evaluated for impairment	[2]			300
Collectively evaluated for impairment	[2]	$ 1,224		1,022
Total ending allowance	[2]	$ 1,224	1,215	1,322	785	1,102	1,302
Loans:
Individually evaluated for impairment	[2]			1,344
Collectively evaluated for impairment	[2]	$ 150,378		131,640
Total ending loan balances	[2]	$ 150,378		$ 132,984
Total Loans | Non-covered Loans | Other consumer loans
Ending allowance balance attributable to loans:
Individually evaluated for impairment
Collectively evaluated for impairment		$ 46		$ 49
Total ending allowance		$ 46	43	$ 49	59	50	54
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment		$ 1,446		$ 1,564
Total ending loan balances		$ 1,446		$ 1,564
Total Loans | Non-covered Loans | Unallocated
Ending allowance balance attributable to loans:
Individually evaluated for impairment
Collectively evaluated for impairment		$ 652		$ 337
Total ending allowance		$ 652	$ 450	$ 337	$ 616	$ 927	$ 19
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment
Total ending loan balances
[1]	Includes loans secured by farmland and multi-family residential loans.
[2]	Includes home equity lines of credit.

LOANS - Balance in allowance fo

LOANS - Balance in allowance for covered loan losses and recorded investment in covered loans by portfolio segment and based on impairment method (Details 7) - USD ($) $ in Thousands		Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Ending allowance balance attributable to loans:
Less allowance for loan losses		$ 7,994		$ 7,414
Loans Receivable
Loans:
Total loans		762,027		705,253
Loans Receivable | Commercial real estate - owner occupied
Loans:
Total loans		140,490		136,597
Loans Receivable | Commercial real estate - non-owner occupied
Loans:
Total loans	[1]	259,775		222,961
Loans Receivable | Construction and land development
Loans:
Total loans		58,316		57,938
Loans Receivable | Commercial loans
Loans:
Total loans		114,152		114,714
Loans Receivable | Residential 1-4 family
Loans:
Total loans	[2]	187,848		171,479
Loans Receivable | Other consumer loans
Loans:
Total loans		$ 1,446		$ 1,564
Loans Receivable | Covered loans
Ending allowance balance attributable to loans:
Individually evaluated for impairment
Collectively evaluated for impairment		$ 21		$ 21
Less allowance for loan losses		21	$ 21	21	$ 21	$ 51	$ 51
Loans:
Individually evaluated for impairment		1,740		$ 1,740
Collectively evaluated for impairment		35,730
Total loans	[3]	$ 37,470		$ 38,495
Loans Receivable | Covered loans | Commercial real estate - owner occupied
Ending allowance balance attributable to loans:
Individually evaluated for impairment
Collectively evaluated for impairment
Less allowance for loan losses
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment				$ 36,755
Total loans
Loans Receivable | Covered loans | Commercial real estate - non-owner occupied
Ending allowance balance attributable to loans:
Individually evaluated for impairment	[1]
Collectively evaluated for impairment	[1]
Less allowance for loan losses	[1]					$ 45	$ 45
Loans:
Individually evaluated for impairment	[1]
Collectively evaluated for impairment	[1]
Total loans	[1]
Loans Receivable | Covered loans | Construction and land development
Ending allowance balance attributable to loans:
Individually evaluated for impairment
Collectively evaluated for impairment
Less allowance for loan losses
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment				$ 36,755
Total loans
Loans Receivable | Covered loans | Commercial loans
Ending allowance balance attributable to loans:
Individually evaluated for impairment
Collectively evaluated for impairment
Less allowance for loan losses
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment
Total loans
Loans Receivable | Covered loans | Residential 1-4 family
Ending allowance balance attributable to loans:
Individually evaluated for impairment	[2]
Collectively evaluated for impairment	[2]	$ 17		$ 17
Less allowance for loan losses	[2]	17	$ 17	17	$ 17
Loans:
Individually evaluated for impairment	[2]	1,740		$ 1,740
Collectively evaluated for impairment	[2]	35,730
Total loans	[2]	$ 37,470		$ 38,495
Loans Receivable | Covered loans | Other consumer loans
Ending allowance balance attributable to loans:
Individually evaluated for impairment
Collectively evaluated for impairment		$ 4		$ 4
Less allowance for loan losses		$ 4	$ 4	$ 4	$ 4	$ 6	$ 6
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment
Total loans
Loans Receivable | Covered loans | Unallocated
Ending allowance balance attributable to loans:
Individually evaluated for impairment
Collectively evaluated for impairment
Less allowance for loan losses
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment
Total loans
[1]	Includes loans secured by farmland and multi-family residential loans.
[2]	Includes home equity lines of credit.
[3]	Covered Loans were acquired in the Greater Atlantic transaction and are covered under an FDIC loss-share agreement. The agreement covering non-single family loans expired in December 2014.

LOANS - Risk category of loans

LOANS - Risk category of loans by class of loans (Details 8) - Total Loans - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied		$ 140,490	$ 136,597
Commercial real estate - non-owner occupied	[1]	259,775	222,961
Construction and land loan		58,316	57,938
Commercial loans		114,152	114,714
Residential 1-4 family	[2]	187,848	171,479
Consumer loans		1,446	1,564
Total loans		762,027	705,253
Classified/Criticized
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied		7,516	12,920
Commercial real estate - non-owner occupied	[1]	362	234
Construction and land loan		566	1,060
Commercial loans		6,972	8,169
Residential 1-4 family	[2]	$ 2,306	$ 3,668
Consumer loans
Total loans		$ 17,722	$ 26,051
Pass
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied		132,974	123,677
Commercial real estate - non-owner occupied	[1]	259,413	222,727
Construction and land loan		57,750	56,878
Commercial loans		107,180	106,545
Residential 1-4 family	[2]	185,542	167,811
Consumer loans		1,446	1,564
Total loans		$ 744,305	$ 679,202
Covered loans
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied	[3]
Commercial real estate - non-owner occupied	[1]
Construction and land loan	[3]
Commercial loans	[3]
Residential 1-4 family	[2]	$ 37,470	$ 38,495
Consumer loans	[3]
Total loans	[3]	$ 37,470	$ 38,495
Covered loans | Classified/Criticized
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied	[4]
Commercial real estate - non-owner occupied	[1],[4]
Construction and land loan	[4]
Commercial loans	[4]
Residential 1-4 family	[2],[4]	$ 1,740	$ 1,740
Consumer loans	[4]
Total loans	[4]	$ 1,740	$ 1,740
Covered loans | Pass
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied
Commercial real estate - non-owner occupied	[1]
Construction and land loan
Commercial loans
Residential 1-4 family	[2]	$ 35,730	$ 36,755
Consumer loans
Total loans		$ 35,730	$ 36,755
Non-covered Loans
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied		140,490	136,597
Commercial real estate - non-owner occupied	[1]	259,775	222,961
Construction and land loan		58,316	57,938
Commercial loans		114,152	114,714
Residential 1-4 family	[2]	150,378	132,984
Consumer loans		1,446	1,564
Total loans		724,557	666,758
Non-covered Loans | Special Mention
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied		132	917
Commercial real estate - non-owner occupied	[1]	224	234
Construction and land loan		566	593
Commercial loans		30	30
Residential 1-4 family	[2]	$ 566	$ 584
Consumer loans
Total loans		$ 1,518	$ 2,358
Non-covered Loans | Substandard
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied	[5]	7,384	$ 12,003
Commercial real estate - non-owner occupied	[1],[5]	$ 138
Construction and land loan	[5]		$ 467
Commercial loans	[5]	$ 6,942	8,139
Residential 1-4 family	[2],[5]		$ 1,344
Consumer loans	[5]
Total loans	[5]	$ 14,464	$ 21,953
Non-covered Loans | Pass
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied		132,974	123,677
Commercial real estate - non-owner occupied	[1]	259,413	222,727
Construction and land loan		57,750	56,878
Commercial loans		107,180	106,545
Residential 1-4 family	[2]	149,812	131,056
Consumer loans		1,446	1,564
Total loans		$ 708,575	$ 642,447
[1]	Includes loans secured by farmland and multi-family residential loans.
[2]	Includes home equity lines of credit.
[3]	Covered Loans were acquired in the Greater Atlantic transaction and are covered under an FDIC loss-share agreement. The agreement covering non-single family loans expired in December 2014.
[4]	Credit quality is enhanced by a loss sharing agreement with the FDIC in the covered portfolio. The same credit quality indicators used in the non-covered portfolio are combined.
[5]	Includes SBA guarantees of $4.8 million and $4.7 million as of June 30, 2015 and December 31, 2014, respectively.

LOANS (Details Textuals)

LOANS (Details Textuals) - Loans Receivable $ in Thousands		6 Months Ended
		Jun. 30, 2015USD ($)Agreement	Dec. 31, 2014USD ($)
Accounts Notes And Loans Receivable [Line Items]
Total loans		$ 762,027	$ 705,253
Covered loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	[1]	37,470	38,495
Covered loans | HarVest Bank of Maryland
Accounts Notes And Loans Receivable [Line Items]
Accretable discount on the acquired covered loans		8,000	9,300
Covered loans | PGFSB
Accounts Notes And Loans Receivable [Line Items]
Accretable discount on the acquired covered loans		8,000	9,300
Non-covered Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans		724,557	$ 666,758
Non-covered Loans | HarVest Bank of Maryland
Accounts Notes And Loans Receivable [Line Items]
Total loans		31,200
Non-covered Loans | PGFSB
Accounts Notes And Loans Receivable [Line Items]
Total loans		$ 55,800
FDIC
Accounts Notes And Loans Receivable [Line Items]
Number of agreements | Agreement		2
FDIC | Covered loans | Greater Atlantic Bank
Accounts Notes And Loans Receivable [Line Items]
Loss sharing agreement		$ 143,400
FDIC | Single family loans
Accounts Notes And Loans Receivable [Line Items]
Term loan agreement expiring		10 years
FDIC | Non-Single Family (Commercial)
Accounts Notes And Loans Receivable [Line Items]
Term loan agreement expiring		5 years
[1]	Covered Loans were acquired in the Greater Atlantic transaction and are covered under an FDIC loss-share agreement. The agreement covering non-single family loans expired in December 2014.

LOANS (Details Textuals 1)

LOANS (Details Textuals 1) - Loans Receivable - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Foreclosed residential real estate property	$ 3,800
Consumer mortgage loans collateralized by residential real estate property	698
Recorded Investment, Total Past Due	2,351	$ 5,197
30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	2,231	4,463
Non-covered Loans
Accounts Notes And Loans Receivable [Line Items]
SBA guarantees	4,800	4,700
Charge off on recorded investment	1,500	1,700
Recorded Investment, Total Past Due	2,338	5,039
Non-covered Loans | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	2,218	4,453
SBA guaranteed | Non-covered Loans | Substandard
Accounts Notes And Loans Receivable [Line Items]
SBA guarantees	4,800	$ 4,700
Commercial real estate - owner occupied
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	701
Commercial real estate - owner occupied | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	701
Commercial real estate - owner occupied | Non-covered Loans
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	701
Commercial real estate - owner occupied | Non-covered Loans | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	$ 701

FINANCIAL INSTRUMENTS WITH OF47

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Detail Textuals) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Letter of Credit
Line of Credit Facility [Line Items]
Letters of credit outstanding	$ 8	$ 8.4

FINANCIAL INSTRUMENTS WITH OF48

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Detail Textuals 1) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Unfunded Lines Of Credit and Undisbursed Construction Loan Funds
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Unfunded lines of credit and undisbursed construction loan funds	$ 120.6	$ 113.3
Approved loan commitment
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Unfunded lines of credit and undisbursed construction loan funds	$ 10.8

EARNINGS PER SHARE - Reconcilia

EARNINGS PER SHARE - Reconciliation of the denominators of the basic and diluted EPS computations (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Basic EPS - Income (Numerator) (in dollars)	$ 2,466	$ 1,772	$ 4,470	$ 3,414
Effect of dilutive stock options and warrants - Income (Numerator) (in dollars)
Diluted EPS - Income (Numerator)	$ 2,466	$ 1,772	$ 4,470	$ 3,414
Basic EPS- Weighted Average Shares (Denominator) (in shares)	12,240	11,607	12,229	11,599
Effect of dilutive stock options and warrants- Weighted Average Shares (Denominator) (in shares)	119	79	114	70
Diluted EPS- Weighted Average Shares (Denominator) (in shares)	12,359	11,686	12,343	11,669
Basic EPS - Per Share Amount (in dollars per share)	$ 0.20	$ 0.15	$ 0.37	$ 0.29
Effect of dilutive stock options and warrants- Per Share Amount (in dollars per share)
Diluted EPS- Per Share Amount (in dollars per share)	$ 0.20	$ 0.15	$ 0.36	$ 0.29

EARNINGS PER SHARE (Detail Text

EARNINGS PER SHARE (Detail Textuals) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Stock Options and Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options and warrants (in shares)	663,596	605,439	667,854	614,535

FAIR VALUE - Assets measured at

FAIR VALUE - Assets measured at fair value on recurring basis (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Available for sale securities
Fair value	$ 4,133	$ 2,285
Fair Value, Measurements, Recurring | Total
Available for sale securities
Fair value	4,133	2,285
Fair Value, Measurements, Recurring | Total | Trust preferred securities
Available for sale securities
Fair value	1,895
Fair Value, Measurements, Recurring | Total | Obligations of states and political subdivisions
Available for sale securities
Fair value	$ 2,238	$ 2,285
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Available for sale securities
Fair value
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Trust preferred securities
Available for sale securities
Fair value
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Obligations of states and political subdivisions
Available for sale securities
Fair value
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Available for sale securities
Fair value	$ 4,133
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Trust preferred securities
Available for sale securities
Fair value	1,895
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Obligations of states and political subdivisions
Available for sale securities
Fair value	$ 2,238	$ 2,285
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Available for sale securities
Fair value
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Trust preferred securities
Available for sale securities
Fair value
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Obligations of states and political subdivisions
Available for sale securities
Fair value

FAIR VALUE - Assets measured 52

FAIR VALUE - Assets measured at fair value on non-recurring basis (Details 1) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Impaired non-covered loans:
Impaired non-covered loans
Non covered other real estate owned:
Non-covered other real estate owned
Fair Value, Measurements, Nonrecurring | Total | Commercial real estate - owner occupied
Impaired non-covered loans:
Impaired non-covered loans	$ 7,170	$ 11,852
Non covered other real estate owned:
Non-covered other real estate owned	1,681	461
Fair Value, Measurements, Nonrecurring | Total | Commercial real estate - non-owner occupied
Impaired non-covered loans:
Impaired non-covered loans	138	1,859
Non covered other real estate owned:
Non-covered other real estate owned	$ 1,631	1,792
Fair Value, Measurements, Nonrecurring | Total | Construction and land development
Impaired non-covered loans:
Impaired non-covered loans		347
Non covered other real estate owned:
Non-covered other real estate owned	$ 6,555	6,818
Fair Value, Measurements, Nonrecurring | Total | Commercial loans
Impaired non-covered loans:
Impaired non-covered loans	$ 6,542	8,005
Fair Value, Measurements, Nonrecurring | Total | Residential 1-4 family
Impaired non-covered loans:
Impaired non-covered loans		1,044
Impaired covered loans:
Impaired covered loans	$ 1,740	1,740
Non covered other real estate owned:
Non-covered other real estate owned	$ 3,780	$ 3,980
Fair Value, Measurements, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial real estate - owner occupied
Impaired non-covered loans:
Impaired non-covered loans
Non covered other real estate owned:
Non-covered other real estate owned
Fair Value, Measurements, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial real estate - non-owner occupied
Impaired non-covered loans:
Impaired non-covered loans
Non covered other real estate owned:
Non-covered other real estate owned
Fair Value, Measurements, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Construction and land development
Impaired non-covered loans:
Impaired non-covered loans
Non covered other real estate owned:
Non-covered other real estate owned
Fair Value, Measurements, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial loans
Impaired non-covered loans:
Impaired non-covered loans
Non covered other real estate owned:
Non-covered other real estate owned
Fair Value, Measurements, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Residential 1-4 family
Impaired non-covered loans:
Impaired non-covered loans
Impaired covered loans:
Impaired covered loans
Non covered other real estate owned:
Non-covered other real estate owned
Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2) | Commercial real estate - owner occupied
Impaired non-covered loans:
Impaired non-covered loans
Non covered other real estate owned:
Non-covered other real estate owned
Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2) | Commercial real estate - non-owner occupied
Impaired non-covered loans:
Impaired non-covered loans
Non covered other real estate owned:
Non-covered other real estate owned
Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2) | Construction and land development
Impaired non-covered loans:
Impaired non-covered loans
Non covered other real estate owned:
Non-covered other real estate owned
Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2) | Commercial loans
Impaired non-covered loans:
Impaired non-covered loans
Non covered other real estate owned:
Non-covered other real estate owned
Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2) | Residential 1-4 family
Impaired non-covered loans:
Impaired non-covered loans
Impaired covered loans:
Impaired covered loans
Non covered other real estate owned:
Non-covered other real estate owned
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3) | Commercial real estate - owner occupied
Impaired non-covered loans:
Impaired non-covered loans	$ 7,170	$ 11,852
Non covered other real estate owned:
Non-covered other real estate owned	1,681	461
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3) | Commercial real estate - non-owner occupied
Impaired non-covered loans:
Impaired non-covered loans	138	1,859
Non covered other real estate owned:
Non-covered other real estate owned	$ 1,631	1,792
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3) | Construction and land development
Impaired non-covered loans:
Impaired non-covered loans		347
Non covered other real estate owned:
Non-covered other real estate owned	$ 6,555	6,818
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3) | Commercial loans
Impaired non-covered loans:
Impaired non-covered loans	$ 6,542	8,005
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3) | Residential 1-4 family
Impaired non-covered loans:
Impaired non-covered loans		1,044
Impaired covered loans:
Impaired covered loans	$ 1,740	1,740
Non covered other real estate owned:
Non-covered other real estate owned	$ 3,780	$ 3,980

FAIR VALUE - Fair Value of Fina

FAIR VALUE - Fair Value of Financial Instruments (Details 2) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Financial assets:
Cash and cash equivalents	$ 74,526	$ 38,320	$ 24,231	$ 20,856
Securities available for sale	4,133	2,285
Securities held to maturity	93,047	94,058
Stock in Federal Reserve Bank and Federal Home Loan Bank	6,132	5,681
Preferred investment in mortgage affiliate	2,555	1,805
FDIC indemnification asset	3,322	3,571
Financial liabilities:
Certificates of deposit	540,857	466,395
Securities sold under agreements to repurchase and other short-term borrowings	45,036	29,044
FHLB advances	25,000	25,000
Carrying Amount
Financial assets:
Cash and cash equivalents	74,526	38,320
Securities available for sale	4,133	2,285
Securities held to maturity	93,048	94,058
Stock in Federal Reserve Bank and Federal Home Loan Bank	6,132	5,681
Equity investment in mortgage affiliate	4,293	3,631
Preferred investment in mortgage affiliate	2,555	1,805
Net non-covered loans	714,594	657,583
Net covered loans	37,455	38,475
Accrued interest receivable	2,833	2,904
FDIC indemnification asset	3,322	3,571
Financial liabilities:
Demand deposits	96,446	94,578
Money market and savings accounts	179,727	181,452
Certificates of deposit	540,857	466,395
Securities sold under agreements to repurchase and other short-term borrowings	45,036	29,044
FHLB advances	25,000	25,000
Accrued interest payable	721	560
Fair Value
Financial assets:
Cash and cash equivalents	74,526	38,320
Securities available for sale	4,133	2,285
Securities held to maturity	$ 92,028	$ 94,093
Stock in Federal Reserve Bank and Federal Home Loan Bank
Equity investment in mortgage affiliate	$ 4,293	$ 3,631
Preferred investment in mortgage affiliate	2,555	1,805
Net non-covered loans	726,333	666,621
Net covered loans	43,927	43,663
Accrued interest receivable	2,833	2,904
FDIC indemnification asset	2,258	2,261
Financial liabilities:
Demand deposits	96,446	94,578
Money market and savings accounts	179,727	181,452
Certificates of deposit	542,024	466,391
Securities sold under agreements to repurchase and other short-term borrowings	45,036	29,044
FHLB advances	25,409	25,526
Accrued interest payable	$ 721	$ 560

FAIR VALUE (Details Textuals)

FAIR VALUE (Details Textuals) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Allowances for loan losses	$ 7,994	$ 7,414
Minimum
Accounts Notes And Loans Receivable [Line Items]
Fair value of estimated costs related to selling the collateral	6.00%	6.00%
Maximum
Accounts Notes And Loans Receivable [Line Items]
Fair value of estimated costs related to selling the collateral	10.00%	10.00%
Non-covered Loans
Accounts Notes And Loans Receivable [Line Items]
Non covered Impaired loans	$ 14,500	$ 23,800
SBA guaranteed
Accounts Notes And Loans Receivable [Line Items]
Non covered Impaired loans	4,800	4,700
Total Loans
Accounts Notes And Loans Receivable [Line Items]
Related Allowance, Grand total	$ 614	$ 705

FAIR VALUE (Details Textuals 1)

FAIR VALUE (Details Textuals 1)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets Measured On Recurring Basis, Unobservable Input Reconciliation [Line Items]
Description of other real estate owned loan collateral liquidation expenses	Fair value is classified as Level 3 in the fair value hierarchy. OREO is further evaluated quarterly for any additional impairment.
Minimum
Fair Value, Assets Measured On Recurring Basis, Unobservable Input Reconciliation [Line Items]
Percentage of selling costs on other real estate owned	6.00%	6.00%
Maximum
Fair Value, Assets Measured On Recurring Basis, Unobservable Input Reconciliation [Line Items]
Percentage of selling costs on other real estate owned	7.60%	7.60%

FAIR VALUE (Details Textuals 2)

FAIR VALUE (Details Textuals 2) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other real estate owned	$ 13,647	$ 13,051
Non-covered Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other real estate owned	$ 13,600	$ 13,100

SECURITIES SOLD UNDER AGREEME57

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT TERM BORROWINGS (Details Textuals) $ in Millions	Jun. 30, 2015USD ($)
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Abstract]
Securities sold under agreements to repurchase	$ 14.8
Pledged residential government-sponsored mortgage-backed securities and collateralized mortgage obligations with fair value	$ 19.3