Primis Financial (FRST) 10-Q 9 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 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		12,202,243
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Cash and cash equivalents:
Cash and due from financial institutions	$ 3,772	$ 5,702
Interest-bearing deposits in other financial institutions	47,764	32,618
Total cash and cash equivalents	51,536	38,320
Securities available for sale, at fair value	4,124	2,285
Securities held to maturity, at amortized cost (fair value of $98,584 and $94,093, respectively)	98,574	94,058
Total loans	789,555	703,472
Less allowance for loan losses	(8,158)	(7,414)
Net loans	781,397	696,058
Stock in Federal Reserve Bank and Federal Home Loan Bank	5,835	5,681
Equity investment in mortgage affiliate	4,462	3,631
Preferred investment in mortgage affiliate	2,555	1,805
Bank premises and equipment, net	9,067	9,453
Goodwill	10,514	10,514
Core deposit intangibles, net	1,158	1,354
FDIC indemnification asset	3,217	3,571
Bank-owned life insurance	21,954	20,990
Other real estate owned	11,259	13,051
Deferred tax assets, net	6,747	10,083
Other assets	5,488	5,791
Total assets	1,017,887	916,645
LIABILITIES AND STOCKHOLDERS' EQUITY
Noninterest-bearing demand deposits	72,002	69,560
Interest-bearing deposits:
NOW accounts	24,228	25,018
Money market accounts	145,782	137,297
Savings accounts	44,143	44,155
Time deposits	544,548	466,395
Total interest-bearing deposits	758,701	672,865
Total deposits	830,703	742,425
Securities sold under agreements to repurchase and other short-term borrowings	55,945	29,044
Federal Home Loan Bank (FHLB) advances	5,000	25,000
Other liabilities	5,934	6,197
Total liabilities	$ 897,582	$ 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, 12,202,243 shares at September 30, 2015 and 12,216,669 at December 31, 2014	$ 122	$ 122
Additional paid in capital	104,033	104,072
Retained earnings	16,820	12,805
Accumulated other comprehensive loss	(670)	(3,020)
Total stockholders' equity	120,305	113,979
Total liabilities and stockholders' equity	1,017,887	916,645
Covered loans
Cash and cash equivalents:
Total loans	35,367	38,496
Non-covered loans
Cash and cash equivalents:
Total loans	$ 754,188	$ 664,976

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Statement Of Financial Position [Abstract]
Securities held to maturity fair value (in dollars)	$ 98,584	$ 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	0	0
Preferred stock, shares outstanding	0	0
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	12,202,243	12,216,669
Common stock, shares outstanding	12,202,243	12,216,669

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest and dividend income :
Interest and fees on loans	$ 10,099	$ 9,181	$ 29,620	$ 25,037
Interest and dividends on taxable securities	587	551	1,772	1,634
Interest and dividends on tax exempt securities	100	101	302	289
Interest and dividends on other earning assets	362	151	621	591
Total interest and dividend income	11,148	9,984	32,315	27,551
Interest expense:
Interest on deposits	1,796	986	4,660	2,779
Interest on borrowings	169	186	521	514
Total interest expense	1,965	1,172	5,181	3,293
Net interest income	9,183	8,812	27,134	24,258
Provision for loan losses	850	975	2,875	2,344
Net interest income after provision for loan losses	8,333	7,837	24,259	21,914
Noninterest income:
Account maintenance and deposit service fees	243	220	703	594
Income from bank-owned life insurance	160	159	464	455
Equity income from mortgage affiliate	$ 492	$ 176	1,270	507
Gain on sale of other assets			7	202
Net gain on sale of available for sale securities			$ 520
Total other-than-temporary impairment losses (OTTI)				$ (41)
Portion of OTTI recognized in other comprehensive income (before taxes)
Net credit related OTTI recognized in earnings				$ (41)
Other	$ 69	$ 54	$ 164	145
Total noninterest income	964	609	3,128	1,862
Noninterest expenses:
Salaries and benefits	2,892	2,671	8,531	7,487
Occupancy expenses	807	804	2,504	2,335
Furniture and equipment expenses	194	195	628	571
Amortization of core deposit intangible	66	61	196	151
Virginia franchise tax expense	88	113	264	342
Merger expenses		65		487
FDIC assessment	174	149	502	401
Data processing expense	164	146	498	406
Telephone and communication expense	197	198	604	556
Change in FDIC indemnification asset	105	403	351	837
Net (gain) loss on other real estate owned	97	(194)	360	(433)
Other operating expenses	787	678	2,543	2,313
Total noninterest expenses	5,571	5,289	16,981	15,453
Income before income taxes	3,726	3,157	10,406	8,323
Income tax expense	1,245	1,049	3,455	2,801
Net income	2,481	2,108	6,951	5,522
Other comprehensive income (loss):
Unrealized gain (loss) on available for sale securities	(7)	66	(225)	283
Realized amount on securities sold, net			(520)
Non-credit component of other-than-temporary impairment on held-to-maturity securities			4,278	35
Accretion of amounts previously recorded upon transfer to held-to-maturity from available-for-sale	3	(17)	28	(59)
Net unrealized gain (loss)	(4)	49	3,561	259
Tax effect	1	(17)	(1,211)	(88)
Other comprehensive income (loss)	(3)	32	2,350	171
Comprehensive income	$ 2,478	$ 2,140	$ 9,301	$ 5,693
Earnings per share, basic (in dollars per share)	$ 0.20	$ 0.18	$ 0.56	$ 0.47
Earnings per share, diluted (in dollars per share)	$ 0.20	$ 0.17	$ 0.56	$ 0.47

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - 9 months ended Sep. 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			6,951		6,951
Change in unrealized loss on securities available for sale (net of tax benefit, $253)				(492)	(492)
Change in unrecognized loss on securities held to maturity for which a portion of OTTI has been recognized (net of tax, $1,464 and accretion, $28 and amounts recorded into other comprehensive income at transfer)				2,842	2,842
Dividends on common stock ($.24 per share)			(2,936)		(2,936)
Repurchase of common stock (62,177 shares)		(721)			(721)
Issuance of common stock under Stock Incentive Plan (47,750 shares)		430			430
Stock-based compensation expense		252			252
Balance at Sep. 30, 2015	$ 122	$ 104,033	$ 16,820	$ (670)	$ 120,305

CONSOLIDATED STATEMENT OF CHAN6

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) (Parentheticals) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)$ / sharesshares
Statement Of Stockholders Equity [Abstract]
Tax on change in unrealized loss on securities available for sale	$ 253
Tax on change in unrecognized loss on securities held to maturity, portion of OTTI	1,464
Accretion on change in unrecognized loss on securities held to maturity, portion of OTTI	$ 28
Common stock dividends per share (in dollars per share) | $ / shares	$ 0.24
Stock Repurchased During Period, Shares | shares	62,177
Issuance of common shares under Stock Incentive Plan (in shares) | shares	47,750

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating activities:
Net income	$ 6,951	$ 5,522
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:
Depreciation	668	549
Amortization of core deposit intangible	196	151
Other amortization, net	119	143
Accretion of loan discount	(1,941)	(2,305)
Amortization of FDIC indemnification asset	351	837
Provision for loan losses	2,875	2,344
Earnings on bank-owned life insurance	(464)	(455)
Equity income on mortgage affiliate	(1,270)	(507)
Stock based compensation expense	252	233
Net gain on sale of available for sale securities	(520)
Impairment on securities		41
Net (gain) loss on other real estate owned	360	(433)
Net decrease in other assets	4,643	1,232
Net increase (decrease) in other liabilities	(263)	860
Net cash and cash equivalents provided by operating activities	11,957	8,212
Investing activities:
Proceeds from sales of available for sale securities	3,966
Purchases of held to maturity securities	(16,152)	(12,243)
Proceeds from paydowns, maturities and calls of held to maturity securities	9,826	4,616
Loan originations and payments, net	(89,999)	(62,358)
Proceeds from sale of PGFSB loans		3,499
Net cash received in PGFSB acquisition		22,430
Purchase of bank-owned life insurance	(500)	(2,000)
Investment in mortgage affiliate	(311)	(5,043)
Net increase in stock in Federal Reserve Bank and Federal Home Loan Bank	(154)	(123)
Payments received on FDIC indemnification asset	3	1,018
Proceeds from sale of other real estate owned	2,908	3,029
Purchases of bank premises and equipment	(280)	(664)
Net cash and cash equivalents used in investing activities	(90,693)	(47,839)
Financing activities:
Net increase in deposits	88,278	68,498
Cash dividends paid - common stock	(2,937)	(2,597)
Repurchase of common stock	(721)
Issuance of common stock under Stock Incentive Plan	431	689
Net increase (decrease) in securities sold under agreement to repurchase and other short-term borrowings	6,901	(2,016)
Net cash and cash equivalents provided by financing activities	91,952	64,574
Increase in cash and cash equivalents	13,216	24,947
Cash and cash equivalents at beginning of period	38,320	20,856
Cash and cash equivalents at end of period	51,536	45,803
Cash payments for:
Interest	4,898	3,144
Income taxes	2,337	2,238
Supplemental schedule of noncash investing and financing activities
Transfer from FHLB advances to securities sold under agreements to repurchase and other short-term borrowings	20,000
Transfer from non-covered loans to other real estate owned	1,386	4,409
Transfer from covered loans to other real estate owned	$ 90
Issuance of common stock in exchange for net assets in acquisition		$ 5,748

ACCOUNTING POLICIES

ACCOUNTING POLICIES	9 Months Ended
	Sep. 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 September 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 September 2014, the FASB issued ASU No. 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.

STOCK- BASED COMPENSATION

STOCK- BASED COMPENSATION	9 Months Ended
	Sep. 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 nine 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 nine months ended September 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 nine months ended September 30, 2015 and 2014, stock-based compensation expense was $82 thousand and $252 thousand, respectively, compared to $82 thousand and $233 thousand for the same periods last year. As of September 30, 2015, unrecognized compensation expense associated with the stock options was $709 thousand, which is expected to be recognized over a weighted average period of 3.0 years. A summary of the activity in the stock option plan during the nine months ended September 30, 2015 follows (dollars in thousands): Weighted Weighted Average Aggregate Average Remaining Intrinsic Exercise Contractual Value Shares Price Term (in thousands) Options outstanding, beginning of period 621,050 $ 8.49 Granted 125,500 11.43 Forfeited - - Exercised (47,750 ) 9.09 Options outstanding, end of period 698,800 $ 8.98 6.8 $ 1,642 Vested or expected to vest 698,800 $ 8.98 6.8 $ 1,642 Exercisable at end of period 316,730 $ 7.85 4.8 $ 1,101

SECURITIES

SECURITIES	9 Months Ended
	Sep. 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 Gross Unrealized Fair September 30, 2015 Cost Gains Losses Value Obligations of states and political subdivisions $ 2,289 $ 17 $ (19 ) $ 2,287 Trust preferred securities 2,590 - (753 ) 1,837 $ 4,879 $ 17 $ (772 ) $ 4,124 Amortized Gross Unrealized Fair December 31, 2014 Cost Gains Losses Value 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 Gross Unrecognized Fair September 30, 2015 Cost Gains Losses Value Residential government-sponsored mortgage-backed securities $ 21,655 $ 658 $ (7 ) $ 22,306 Residential government-sponsored collateralized mortgage obligations 3,087 1 (29 ) 3,059 Government-sponsored agency securities 53,930 363 (545 ) 53,748 Obligations of states and political subdivisions 15,444 127 (150 ) 15,421 Trust preferred securities 4,458 - (408 ) 4,050 $ 98,574 $ 1,149 $ (1,139 ) $ 98,584 Amortized Gross Unrecognized Fair December 31, 2014 Cost Gains Losses Value 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. The fair value and carrying amount, if different, of debt securities as of September 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 Amortized Cost Fair Value Cost Fair Value Due in five to ten years $ 13,355 $ 13,323 $ - $ - Due after ten years 60,477 59,896 4,879 4,124 Residential government-sponsored mortgage-backed securities 21,655 22,306 - - Residential government-sponsored collateralized mortgage obligations 3,087 3,059 - - Total $ 98,574 $ 98,584 $ 4,879 $ 4,124 Securities with a carrying amount of approximately $84.4 million and $71.8 million at September 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 September 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 $46.0 million in the portfolio with the carrying value exceeding the estimated fair value that are considered temporarily impaired at September 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 September 30, 2015. The following tables present information regarding securities in a continuous unrealized loss position as of September 30, 2015 and December 31, 2014 (in thousands) by duration of time in a loss position: September 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 $ 1,721 $ (19 ) $ - $ - $ 1,721 $ (19 ) Trust preferred securities - - 1,837 (753 ) 1,837 (753 ) $ 1,721 $ (19 ) $ 1,837 $ (753 ) $ 3,558 $ (772 ) 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 $ 1,155 $ (3 ) $ 648 $ (4 ) $ 1,803 $ (7 ) Residential government-sponsored collateralized mortgage obligations - - 2,505 (29 ) 2,505 (29 ) Government-sponsored agency securities 19,632 (358 ) 9,801 (187 ) 29,433 (545 ) Obligations of states and political subdivisions 2,231 (12 ) 2,443 (138 ) 4,674 (150 ) Trust preferred securities - - 4,050 (408 ) 4,050 (408 ) $ 23,018 $ (373 ) $ 19,447 $ (766 ) $ 42,465 $ (1,139 ) 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 September 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 $ 4,535 $ 4,143 $ 3,776 12 % $ 254 MMCF III B Senior Sub A3 A- Ba1 CC 321 315 274 30 % 6 4,856 4,458 4,050 $ 260 Cumulative OTTI Available for Sale Related to Other Than Temporarily Impaired: Credit Loss (2) TPREF FUNDING II Mezzanine A1 A- Caa3 C 1,500 1,100 690 36 % 400 ALESCO V C1 Mezzanine A2 A C C 2,150 1,490 1,147 15 % 660 3,650 2,590 1,837 $ 1,060 Total $ 8,506 $ 7,048 $ 5,887 (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 nine months ended September 30, 2015 compared to OTTI charges related to credit on the trust preferred securities totaling $41 thousand during the during the nine months ended September 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 available for sale recognized in earnings for the nine months ended September 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 - (3 ) Amount of cumulative other-than-temporary impairment related to credit loss as of September 30 $ 1,060 $ 8,949 Changes in accumulated other comprehensive income by component for the three and nine months ended September 30, 2015 and 2014 are shown in the table below. All amounts are net of tax (in thousands). Unrealized Holding Gains (Losses) on For the three months ended September 30, 2015 Available for Sale Held to Maturity Securities Securities Total Beginning balance $ (493 ) $ (174 ) $ (667 ) Other comprehensive income/(loss) before reclassifications (5 ) 2 (3 ) Amounts reclassified from accumulated other comprehensive income/(loss) - - - Net current-period other comprehensive income/(loss) (5 ) 2 (3 ) Ending balance $ (498 ) $ (172 ) $ (670 ) Unrealized Holding Gains (Losses) on For the nine months ended September 30, 2015 Available for Sale Held to Maturity Securities Securities Total Beginning balance $ (6 ) $ (3,014 ) $ (3,020 ) Other comprehensive income/(loss) before reclassifications (492 ) 18 (474 ) Amounts reclassified from accumulated other comprehensive income/(loss) - 2,824 2,824 Net current-period other comprehensive income/(loss) (492 ) 2,842 2,350 Ending balance $ (498 ) $ (172 ) $ (670 ) Unrealized Holding Gains (Losses) on For the three months ended September 30, 2014 Available for Sale Held to Maturity Securities Securities Total Beginning balance $ (60 ) $ (2,991 ) $ (3,051 ) Other comprehensive income/(loss) before reclassifications 44 (12 ) 32 Amounts reclassified from accumulated other comprehensive income/(loss) - - - Net current-period other comprehensive income/(loss) 44 (12 ) 32 Ending balance $ (16 ) $ (3,003 ) $ (3,019 ) Unrealized Holding Gains (Losses) on For the nine months ended September 30, 2014 Available for Sale Held to Maturity Securities Securities Total Beginning balance $ (203 ) $ (2,987 ) $ (3,190 ) Other comprehensive income/(loss) before reclassifications 187 (16 ) 171 Amounts reclassified from accumulated other comprehensive income/(loss) - - - Net current-period other comprehensive income/(loss) 187 (16 ) 171 Ending balance $ (16 ) $ (3,003 ) $ (3,019 )

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 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 September 30, 2015 and December 31, 2014: Covered Non-covered Total Covered Non-covered Total Loans (1) Loans Loans Loans (1) Loans Loans September 30, 2015 December 31, 2014 Loans secured by real estate: Commercial real estate - owner-occupied $ - $ 141,091 $ 141,091 $ - $ 136,597 $ 136,597 Commercial real estate - non-owner-occupied - 249,665 249,665 - 200,517 200,517 Secured by farmland - 588 588 - 612 612 Construction and land loans - 59,317 59,317 - 57,938 57,938 Residential 1-4 family 13,693 156,277 169,970 14,837 123,233 138,070 Multi- family residential - 19,528 19,528 - 21,832 21,832 Home equity lines of credit 21,673 12,071 33,744 23,658 9,751 33,409 Total real estate loans 35,366 638,537 673,903 38,495 550,480 588,975 Commercial loans - 116,193 116,193 - 114,714 114,714 Consumer loans - 1,472 1,472 - 1,564 1,564 Gross loans 35,366 756,202 791,568 38,495 666,758 705,253 Less deferred fees on loans 1 (2,014 ) (2,013 ) 1 (1,782 ) (1,781 ) Loans, net of deferred fees $ 35,367 $ 754,188 $ 789,555 $ 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 September 30, 2015, non-covered loans included $30.8 million of loans acquired in the HarVest acquisition and $53.6 million acquired in the PGFSB acquisition. Accretable discount on the acquired Greater Atlantic loans, the PGFSB loans and the HarVest loans was $7.5 million and $9.3 million at September 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): September 30, 2015 Covered Loans Non-covered Loans Total Loans Unpaid Unpaid Unpaid Recorded Principal Related Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment (1) Balance Allowance Investment Balance Allowance With no related allowance recorded Commercial real estate - owner occupied $ - $ - $ - $ 7,157 $ 7,667 $ - $ 7,157 $ 7,667 $ - Commercial real estate - non-owner occupied (2) - - - 138 233 - 138 233 - Construction and land development - - - - - - - - - Commercial loans - - - 3,144 3,937 - 3,144 3,937 - Residential 1-4 family (4) 1,303 1,537 - - - - 1,303 1,537 - Other consumer loans - - - - - - - - - Total $ 1,303 $ 1,537 $ - $ 10,439 $ 11,837 $ - $ 11,742 $ 13,374 $ - With an allowance recorded Commercial real estate - owner occupied $ - $ - $ - $ 752 $ 852 $ 202 $ 752 $ 852 $ 202 Commercial real estate - non-owner occupied (2) - - - - - - - - - Construction and land development - - - - - - - - - Commercial loans - - - 3,581 3,581 400 3,581 3,581 400 Residential 1-4 family (4) - - - - - - - - - Other consumer loans - - - - - - - - - Total $ - $ - $ - $ 4,333 $ 4,433 $ 602 $ 4,333 $ 4,433 $ 602 Grand total $ 1,303 $ 1,537 $ - $ 14,772 $ 16,270 $ 602 $ 16,075 $ 17,807 $ 602 (1) Recorded investment is after cumulative prior charge offs of $1.4 million. These loans also have aggregate SBA guarantees of $4.6 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. December 31, 2014 Covered Loans Non-covered Loans Total Loans Unpaid Unpaid Unpaid Recorded Principal Related Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment (1) Balance Allowance Investment Balance 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 nine months ended September 30, 2015 and 2014 (in thousands): Three months ended September 30, 2015 Covered Loans Non-covered Loans Total Loans Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Investment Recognized Investment Recognized Investment Recognized With no related allowance recorded Commercial real estate - owner occupied $ - $ - $ 6,747 $ 75 6,747 $ 75 Commercial real estate - non-owner occupied (1) - - 138 3 138 3 Construction and land development - - - - - - Commercial loans - - 2,992 - 2,992 - Residential 1-4 family (2) 1,303 4 - - 1,303 4 Other consumer loans - - - - - - Total $ 1,303 $ 4 $ 9,877 $ 78 $ 11,180 $ 82 With an allowance recorded Commercial real estate - owner occupied $ - $ - $ 757 $ 10 757 $ 10 Commercial real estate - non-owner occupied (1) - - - - - - Construction and land development - - - - - - Commercial loans - - 3,564 54 3,564 54 Residential 1-4 family (2) - - - - - - Other consumer loans - - - - - - Total $ - $ - $ 4,321 $ 64 $ 4,321 $ 64 Grand total $ 1,303 $ 4 $ 14,198 $ 142 $ 15,501 $ 146 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Three months ended September 30, 2014 Covered Loans Non-covered Loans Total Loans Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Investment Recognized Investment Recognized Investment Recognized With no related allowance recorded Commercial real estate - owner occupied $ 756 $ 13 $ 10,903 $ 175 $ 11,659 $ 188 Commercial real estate - non-owner occupied (1) 1,884 67 - - 1,884 67 Construction and land development - - - - - - Commercial loans - - 8,563 95 8,563 95 Residential 1-4 family (2) 1,208 10 15 - 1,223 10 Other consumer loans - - - - - - Total $ 3,848 $ 90 $ 19,481 $ 270 $ 23,329 $ 360 With an allowance recorded Commercial real estate - owner occupied $ - $ - $ 95 $ 3 $ 95 $ 3 Commercial real estate - non-owner occupied (1) - - - - - - Construction and land development - - - - - - Commercial loans - - - - - - Residential 1-4 family (2) - - 5,811 79 5,811 79 Other consumer loans - - - - - - Total $ - $ - $ 5,906 $ 82 $ 5,906 $ 82 Grand total $ 3,848 $ 90 $ 25,387 $ 352 $ 29,235 $ 442 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Nine months ended September 30, 2015 Covered Loans Non-covered Loans Total Loans Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Investment Recognized Investment Recognized Investment Recognized With no related allowance recorded Commercial real estate - owner occupied $ - $ - $ 6,625 $ 223 6,625 223 Commercial real estate - non-owner occupied (1) - - 139 8 139 8 Construction and land development - - - - - - Commercial loans - - 2,692 - 2,692 - Residential 1-4 family (2) 1,305 20 - - 1,305 20 Other consumer loans - - - - - - Total $ 1,305 $ 20 $ 9,456 $ 231 $ 10,761 $ 251 With an allowance recorded Commercial real estate - owner occupied $ - $ - $ 771 $ 32 771 32 Commercial real estate - non-owner occupied (1) - - - - - - Construction and land development - - - - - - Commercial loans - - 3,618 161 3,618 161 Residential 1-4 family (2) - - - - - - Other consumer loans - - - - - - Total $ - $ - $ 4,389 $ 193 $ 4,389 $ 193 Grand total $ 1,305 $ 20 $ 13,845 $ 424 $ 15,150 $ 444 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Nine months ended September 30, 2014 Covered Loans Non-covered Loans Total Loans Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Investment Recognized Investment Recognized Investment Recognized With no related allowance recorded Commercial real estate - owner occupied $ 746 $ 40 $ 7,942 $ 372 $ 8,688 $ 412 Commercial real estate - non-owner occupied (1) 1,889 91 - - 1,889 91 Construction and land development - - - - - - Commercial loans - - 5,195 137 5,195 137 Residential 1-4 family (2) 1,212 31 5 - 1,217 31 Other consumer loans - - - - - - Total $ 3,847 $ 162 $ 13,142 $ 509 $ 16,989 $ 671 With an allowance recorded Commercial real estate - owner occupied $ - $ - $ 106 $ 11 $ 106 $ 11 Commercial real estate - non-owner occupied (1) - - - - - - Construction and land development - - - - - - Commercial loans - - - - - - Residential 1-4 family (2) - - 5,598 236 5,598 236 Other consumer loans - - - - - - Total $ - $ - $ 5,704 $ 247 $ 5,704 $ 247 Grand total $ 3,847 $ 162 $ 18,846 $ 756 $ 22,693 $ 918 (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 September 30, 2015 and December 31, 2014 (in thousands): September 30, 2015 30 - 59 60 - 89 Days Days 90 Days Total Nonaccrual Loans Not Total Past Due Past Due or More Past Due Loans Past Due 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) - - - - 891 34,475 35,366 Other consumer loans - - - - - - - Total $ - $ - $ - $ - $ 891 $ 34,475 $ 35,366 Non-covered loans: Commercial real estate - owner occupied $ 632 $ - $ - $ 632 $ 1,445 $ 139,014 $ 141,091 Commercial real estate - non-owner occupied (1) - - - - - 269,781 269,781 Construction and land development - - - - - 59,317 59,317 Commercial loans - 259 - 259 3,144 112,790 116,193 Residential 1-4 family (2) 770 8 - 778 - 167,570 168,348 Other consumer loans 1 - - 1 - 1,471 1,472 Total $ 1,403 $ 267 $ - $ 1,670 $ 4,589 $ 749,943 $ 756,202 Total loans: Commercial real estate - owner occupied $ 632 $ - $ - $ 632 $ 1,445 $ 139,014 $ 141,091 Commercial real estate - non-owner occupied (1) - - - - - 269,781 269,781 Construction and land development - - - - - 59,317 59,317 Commercial loans - 259 - 259 3,144 112,790 116,193 Residential 1-4 family (2) 770 8 - 778 891 202,045 203,714 Other consumer loans 1 - - 1 - 1,471 1,472 Total $ 1,403 $ 267 $ - $ 1,670 $ 5,480 $ 784,418 $ 791,568 December 31, 2014 30 - 59 60 - 89 Days Days 90 Days Total Nonaccrual Loans Not Total Past Due Past Due or More Past Due Loans Past Due 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 $4.6 million and $4.7 million at September 30, 2015 and December 31, 2014, respectively. Activity in the allowance for non-covered loan and lease losses for the three and nine months ended September 30, 2015 and 2014 is summarized below (in thousands): Non-covered loans: Three months ended September 30, 2015 Commercial Real Estate Owner Occupied Commercial Real Estate Non-owner Occupied (1) Construction and Land Commercial Loans 1-4 Family Residential (2) Other Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ 1,054 $ 1,524 $ 1,052 $ 2,421 $ 1,224 $ 46 $ 652 $ 7,973 Charge offs (66 ) - - (448 ) (250 ) (2 ) - (766 ) Recoveries 12 6 - 60 2 - 80 Provision 3 (244 ) (79 ) 908 186 4 72 850 Ending balance $ 1,003 $ 1,286 $ 973 $ 2,941 $ 1,162 $ 48 $ 724 $ 8,137 Three months ended September 30, 2014 Allowance for loan losses: Beginning balance $ 596 $ 933 $ 1,400 $ 2,926 $ 785 $ 59 $ 616 $ 7,315 Charge offs (2 ) - - (1,057 ) (149 ) - - (1,209 ) Recoveries 2 5 4 9 2 - - 22 Provision 21 16 78 592 441 (6 ) (168 ) 975 Ending balance $ 617 $ 954 $ 1,482 $ 2,470 $ 1,079 $ 53 $ 448 $ 7,103 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Non-covered loans: Commercial Commercial Construction Commercial 1-4 Family Other Unallocated Total Allowance for loan losses: Beginning balance $ 855 $ 1,123 $ 1,644 $ 2,063 $ 1,322 $ 49 $ 337 $ 7,393 Charge offs (1,067 ) - - (1,067 ) (250 ) (6 ) - (2,390 ) Recoveries 16 18 139 79 7 - - 259 Provision 1,199 145 (810 ) 1,866 83 5 387 2,875 Ending balance $ 1,003 $ 1,286 $ 973 $ 2,941 $ 1,162 $ 48 $ 724 $ 8,137 Nine months ended September 30, 2014 Allowance for loan losses: Beginning balance $ 814 $ 985 $ 1,068 $ 2,797 $ 1,302 $ 54 $ 19 $ 7,039 Charge offs (73 ) - - (1,905 ) (449 ) - - (2,427 ) Recoveries 10 17 4 101 4 5 - 141 Provision (134 ) (48 ) 410 1,477 222 (6 ) 429 2,350 Ending balance $ 617 $ 954 $ 1,482 $ 2,470 $ 1,079 $ 53 $ 448 $ 7,103 (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 nine months ended September 30, 2015 and 2014 is summarized below (in thousands): Covered loans: Commercial Commercial Construction Commercial 1-4 Family Other 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 September 30, 2014 Allowance for loan losses: Beginning balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Charge offs - - - - - - - - Recoveries - - - - - - - - Adjustments (2) - - - - - - - - Provision - - - - - - - - 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: Commercial Commercial Construction Commercial 1-4 Family Other Unallocated Total Allowance for loan losses: Beginning balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Charge offs - - - - - - - - Recoveries - - - - - - - - Adjustments (2) - - - - - - - - Provision - - - - - - - - Ending balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Nine months ended September 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 September 30, 2015 and December 31, 2014 (in thousands): Commercial Commercial Real Estate Real Estate Construction Other Owner Non-owner and Land Commercial 1-4 Family Consumer Non-covered loans: Occupied Occupied (1) Development Loans Residential (2) Loans Unallocated Total September 30, 2015 Ending allowance balance attributable to loans: Individually evaluated for impairment $ 202 $ - $ - $ 400 $ - $ - $ - $ 602 Collectively evaluated for impairment 801 1,286 973 2,541 1,162 48 724 7,535 Total ending allowance $ 1,003 $ 1,286 $ 973 $ 2,941 $ 1,162 $ 48 $ 724 $ 8,137 Loans: Individually evaluated for impairment $ 7,909 $ 138 $ - $ 6,725 $ - $ - $ - $ 14,772 Collectively evaluated for impairment 133,182 269,643 59,317 109,468 168,348 1,472 - 741,430 Total ending loan balances $ 141,091 $ 269,781 $ 59,317 $ 116,193 $ 168,348 $ 1,472 $ - $ 756,202 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 September 30, 2015 and December 31, 2014 (in thousands): Commercial Commercial Real Estate Real Estate Construction Other Owner Non-owner and Land Commercial 1-4 Family Consumer Covered loans: Occupied Occupied (1) Development Loans Residential (2) Loans Unallocated Total September 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 $ - $ - $ - $ - $ 1,303 $ - $ - $ 1,303 Collectively evaluated for impairment - - - - 34,063 - - 34,063 Total ending loan balances $ - $ - $ - $ - $ 35,366 $ - $ - $ 35,366 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 nine months ending September 30, 2015, there were no loans modified in troubled debt restructurings. One TDR which had been modified in the previous 12 months defaulted during the second quarter of 2015. This loan, in the amount of $700 thousand, was During the three and nine months ending September 30, 2014, there were no loans modified in troubled debt restructurings. No TDRs defaulted during the three and nine months ending September 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 September 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 September 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): September 30, 2015 Covered Loans Non-covered Loans Total Loans Classified/ Special Classified/ Criticized (1) Pass Total Mention Substandard (3) Pass Total Criticized Pass Total Commercial real estate - owner occupied $ - $ - $ - $ 3,768 $ 7,909 $ 129,414 $ 141,091 $ 11,677 $ 129,414 $ 141,091 Commercial real estate - non-owner occupied (2) - - - 218 138 269,425 269,781 356 269,425 269,781 Construction and land development - - - 1,196 - 58,121 59,317 1,196 58,121 59,317 Commercial loans - - - 3,919 6,725 105,549 116,193 10,644 105,549 116,193 Residential 1-4 family (4) 1,303 34,063 35,366 560 - 167,788 168,348 1,863 201,851 203,714 Other consumer loans - - - - - 1,472 1,472 - 1,472 1,472 Total $ 1,303 $ 34,063 $ 35,366 $ 9,661 $ 14,772 $ 731,769 $ 756,202 $ 25,736 $ 765,832 $ 791,568 December 31, 2014 Covered Loans Non-covered Loans Total Loans Classified/ Special Classified/ Criticized (1) Pass Total Mention Substandard (3) Pass Total 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 $4.6 million and $4.7 million as of September 30, 2015 and December 31, 2014, respectively. (4) Includes home equity lines of credit. The amount of foreclosed residential real estate property held at September 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 $2.2 million at September 30, 2015.

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	9 Months Ended
	Sep. 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 $6.0 million and $8.4 million as of September 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 September 30, 2015 and December 31, 2014, we had unfunded lines of credit and undisbursed construction loan funds totaling $130.4 million and $113.3 million, respectively. We had approved loan commitments of $12.7 million at September 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	9 Months Ended
	Sep. 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): Weighted Average Income Shares Per Share (Numerator) (Denominator) Amount For the three months ended September 30, 2015 Basic EPS $ 2,481 12,222 $ 0.20 Effect of dilutive stock options and warrants - 119 - Diluted EPS $ 2,481 12,341 $ 0.20 For the three months ended September 30, 2014 Basic EPS $ 2,108 11,971 $ 0.18 Effect of dilutive stock options and warrants - 92 - Diluted EPS $ 2,108 12,063 $ 0.17 For the nine months ended September 30, 2015 Basic EPS $ 6,951 12,316 $ 0.56 Effect of dilutive stock options and warrants - 119 - Diluted EPS $ 6,951 12,435 $ 0.56 For the nine months ended September 30, 2014 Basic EPS $ 5,522 11,724 $ 0.47 Effect of dilutive stock options and warrants - 48 - Diluted EPS $ 5,522 11,772 $ 0.47 There were 662,399 and 662,298 anti-dilutive options and warrants for the three and nine months ended September 30, 2015, respectively. Anti-dilutive options and warrants totaled 657,502 and 681,590 for the three and nine months ended September 30, 2014, respectively.

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 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 Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Total at Identical Assets Inputs Inputs (dollars in thousands) September 30, 2015 (Level 1) (Level 2) (Level 3) Financial assets: Available for sale securities Obligations of states and political subdivisions $ 2,287 $ - $ 2,287 $ - Trust preferred securities 1,837 - 1,837 - $ 4,124 $ - $ 4,124 $ - Fair Value Measurements Using Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Total at Identical Assets Inputs Inputs (dollars in thousands) December 31, 2014 (Level 1) (Level 2) (Level 3) 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 September 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 September 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 $14.8 million (including SBA guarantees of $4.6 million) as of September 30, 2015 with an allocated allowance for loan losses totaling $602 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 September 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 September 30, 2015, the total amount of non-covered OREO was $11.2 million and covered OREO was $90 thousand. As of December 31, 2014, the total amount of OREO was $13.1 million all of which was non-covered. Assets measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements Using Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Total at Identical Assets Inputs Inputs (dollars in thousands) September 30, 2015 (Level 1) (Level 2) (Level 3) Impaired non-covered loans: Commercial real estate - owner occupied $ 7,707 $ 7,707 Commercial real estate - non-owner occupied (1) 138 138 Commercial loans 6,325 6,325 Impaired covered loans: Residential 1-4 family 1,303 1,303 Non-covered other real estate owned: Commercial real estate - owner occupied 1,110 1,110 Commercial real estate - non-owner occupied (1) 237 237 Construction and land development 6,142 6,142 Residential 1-4 family 3,680 3,680 Covered other real estate owned: Residential 1-4 family 90 90 Fair Value Measurements Using Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Total at Identical Assets Inputs Inputs (dollars in thousands) December 31, 2014 (Level 1) (Level 2) (Level 3) 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): September 30, 2015 December 31, 2014 Fair Value Carrying Fair Carrying Fair Hierarchy Level Amount Value Amount Value Financial assets: Cash and cash equivalents Level 1 $ 51,536 $ 51,536 $ 38,320 $ 38,320 Securities available for sale See previous table 4,124 4,124 2,285 2,285 Securities held to maturity Level 2 98,574 98,584 94,058 94,093 Stock in Federal Reserve Bank and Federal Home Loan Bank n/a 5,835 n/a 5,681 n/a Equity investment in mortgage affiliate Level 3 4,462 4,462 3,631 3,631 Preferred investment in mortgage affiliate Level 3 2,555 2,555 1,805 1,805 Net non-covered loans Level 3 746,051 755,448 657,583 666,621 Net covered loans Level 3 35,346 40,410 38,475 43,663 Accrued interest receivable Level 2 & Level 3 2,786 2,786 2,904 2,904 FDIC indemnification asset Level 3 3,217 2,258 3,571 2,261 Financial liabilities: Demand deposits Level 1 96,230 96,230 94,578 94,578 Money market and savings accounts Level 1 189,925 189,925 181,452 181,452 Certificates of deposit Level 3 544,548 546,849 466,395 466,391 Securities sold under agreements to repurchase and other short-term borrowings Level 1 55,945 55,945 29,044 29,044 FHLB advances Level 3 5,000 5,330 25,000 25,526 Accrued interest payable Level 1 & Level 3 844 844 560 560 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	9 Months Ended
	Sep. 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	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)	9 Months Ended
	Sep. 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 September 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 September 2014, the FASB issued ASU No. 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.

STOCK- BASED COMPENSATION (Tabl

STOCK- BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Schedule of weighted-average assumptions	The following weighted-average assumptions were used to value options granted in the nine months ended September 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 nine months ended September 30, 2015 follows (dollars in thousands): Weighted Weighted Average Aggregate Average Remaining Intrinsic Exercise Contractual Value Shares Price Term (in thousands) Options outstanding, beginning of period 621,050 $ 8.49 Granted 125,500 11.43 Forfeited - - Exercised (47,750 ) 9.09 Options outstanding, end of period 698,800 $ 8.98 6.8 $ 1,642 Vested or expected to vest 698,800 $ 8.98 6.8 $ 1,642 Exercisable at end of period 316,730 $ 7.85 4.8 $ 1,101

SECURITIES (Tables)

SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost and fair value of securities available-for-sale	Amortized Gross Unrealized Fair September 30, 2015 Cost Gains Losses Value Obligations of states and political subdivisions $ 2,289 $ 17 $ (19 ) $ 2,287 Trust preferred securities 2,590 - (753 ) 1,837 $ 4,879 $ 17 $ (772 ) $ 4,124 Amortized Gross Unrealized Fair December 31, 2014 Cost Gains Losses Value 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 Gross Unrecognized Fair September 30, 2015 Cost Gains Losses Value Residential government-sponsored mortgage-backed securities $ 21,655 $ 658 $ (7 ) $ 22,306 Residential government-sponsored collateralized mortgage obligations 3,087 1 (29 ) 3,059 Government-sponsored agency securities 53,930 363 (545 ) 53,748 Obligations of states and political subdivisions 15,444 127 (150 ) 15,421 Trust preferred securities 4,458 - (408 ) 4,050 $ 98,574 $ 1,149 $ (1,139 ) $ 98,584 Amortized Gross Unrecognized Fair December 31, 2014 Cost Gains Losses Value 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 September 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 Amortized Cost Fair Value Cost Fair Value Due in five to ten years $ 13,355 $ 13,323 $ - $ - Due after ten years 60,477 59,896 4,879 4,124 Residential government-sponsored mortgage-backed securities 21,655 22,306 - - Residential government-sponsored collateralized mortgage obligations 3,087 3,059 - - Total $ 98,574 $ 98,584 $ 4,879 $ 4,124
Schedule of present information regarding securities in a continuous unrealized loss position by duration of time in a loss position	September 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 $ 1,721 $ (19 ) $ - $ - $ 1,721 $ (19 ) Trust preferred securities - - 1,837 (753 ) 1,837 (753 ) $ 1,721 $ (19 ) $ 1,837 $ (753 ) $ 3,558 $ (772 ) 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 $ 1,155 $ (3 ) $ 648 $ (4 ) $ 1,803 $ (7 ) Residential government-sponsored collateralized mortgage obligations - - 2,505 (29 ) 2,505 (29 ) Government-sponsored agency securities 19,632 (358 ) 9,801 (187 ) 29,433 (545 ) Obligations of states and political subdivisions 2,231 (12 ) 2,443 (138 ) 4,674 (150 ) Trust preferred securities - - 4,050 (408 ) 4,050 (408 ) $ 23,018 $ (373 ) $ 19,447 $ (766 ) $ 42,465 $ (1,139 ) 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 September 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 $ 4,535 $ 4,143 $ 3,776 12 % $ 254 MMCF III B Senior Sub A3 A- Ba1 CC 321 315 274 30 % 6 4,856 4,458 4,050 $ 260 Cumulative OTTI Available for Sale Related to Other Than Temporarily Impaired: Credit Loss (2) TPREF FUNDING II Mezzanine A1 A- Caa3 C 1,500 1,100 690 36 % 400 ALESCO V C1 Mezzanine A2 A C C 2,150 1,490 1,147 15 % 660 3,650 2,590 1,837 $ 1,060 Total $ 8,506 $ 7,048 $ 5,887 (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	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 - (3 ) Amount of cumulative other-than-temporary impairment related to credit loss as of September 30 $ 1,060 $ 8,949
Schedule of changes in accumulated other comprehensive income by component	Unrealized Holding Gains (Losses) on For the three months ended September 30, 2015 Available for Sale Held to Maturity Securities Securities Total Beginning balance $ (493 ) $ (174 ) $ (667 ) Other comprehensive income/(loss) before reclassifications (5 ) 2 (3 ) Amounts reclassified from accumulated other comprehensive income/(loss) - - - Net current-period other comprehensive income/(loss) (5 ) 2 (3 ) Ending balance $ (498 ) $ (172 ) $ (670 ) Unrealized Holding Gains (Losses) on For the nine months ended September 30, 2015 Available for Sale Held to Maturity Securities Securities Total Beginning balance $ (6 ) $ (3,014 ) $ (3,020 ) Other comprehensive income/(loss) before reclassifications (492 ) 18 (474 ) Amounts reclassified from accumulated other comprehensive income/(loss) - 2,824 2,824 Net current-period other comprehensive income/(loss) (492 ) 2,842 2,350 Ending balance $ (498 ) $ (172 ) $ (670 ) Unrealized Holding Gains (Losses) on For the three months ended September 30, 2014 Available for Sale Held to Maturity Securities Securities Total Beginning balance $ (60 ) $ (2,991 ) $ (3,051 ) Other comprehensive income/(loss) before reclassifications 44 (12 ) 32 Amounts reclassified from accumulated other comprehensive income/(loss) - - - Net current-period other comprehensive income/(loss) 44 (12 ) 32 Ending balance $ (16 ) $ (3,003 ) $ (3,019 ) Unrealized Holding Gains (Losses) on For the nine months ended September 30, 2014 Available for Sale Held to Maturity Securities Securities Total Beginning balance $ (203 ) $ (2,987 ) $ (3,190 ) Other comprehensive income/(loss) before reclassifications 187 (16 ) 171 Amounts reclassified from accumulated other comprehensive income/(loss) - - - Net current-period other comprehensive income/(loss) 187 (16 ) 171 Ending balance $ (16 ) $ (3,003 ) $ (3,019 )

LOANS AND ALLOWANCE FOR LOAN 19

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Sep. 30, 2015
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of composition of loan portfolio	The following table summarizes the composition of our loan portfolio as of September 30, 2015 and December 31, 2014: Covered Non-covered Total Covered Non-covered Total Loans (1) Loans Loans Loans (1) Loans Loans September 30, 2015 December 31, 2014 Loans secured by real estate: Commercial real estate - owner-occupied $ - $ 141,091 $ 141,091 $ - $ 136,597 $ 136,597 Commercial real estate - non-owner-occupied - 249,665 249,665 - 200,517 200,517 Secured by farmland - 588 588 - 612 612 Construction and land loans - 59,317 59,317 - 57,938 57,938 Residential 1-4 family 13,693 156,277 169,970 14,837 123,233 138,070 Multi- family residential - 19,528 19,528 - 21,832 21,832 Home equity lines of credit 21,673 12,071 33,744 23,658 9,751 33,409 Total real estate loans 35,366 638,537 673,903 38,495 550,480 588,975 Commercial loans - 116,193 116,193 - 114,714 114,714 Consumer loans - 1,472 1,472 - 1,564 1,564 Gross loans 35,366 756,202 791,568 38,495 666,758 705,253 Less deferred fees on loans 1 (2,014 ) (2,013 ) 1 (1,782 ) (1,781 ) Loans, net of deferred fees $ 35,367 $ 754,188 $ 789,555 $ 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	September 30, 2015 Covered Loans Non-covered Loans Total Loans Unpaid Unpaid Unpaid Recorded Principal Related Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment (1) Balance Allowance Investment Balance Allowance With no related allowance recorded Commercial real estate - owner occupied $ - $ - $ - $ 7,157 $ 7,667 $ - $ 7,157 $ 7,667 $ - Commercial real estate - non-owner occupied (2) - - - 138 233 - 138 233 - Construction and land development - - - - - - - - - Commercial loans - - - 3,144 3,937 - 3,144 3,937 - Residential 1-4 family (4) 1,303 1,537 - - - - 1,303 1,537 - Other consumer loans - - - - - - - - - Total $ 1,303 $ 1,537 $ - $ 10,439 $ 11,837 $ - $ 11,742 $ 13,374 $ - With an allowance recorded Commercial real estate - owner occupied $ - $ - $ - $ 752 $ 852 $ 202 $ 752 $ 852 $ 202 Commercial real estate - non-owner occupied (2) - - - - - - - - - Construction and land development - - - - - - - - - Commercial loans - - - 3,581 3,581 400 3,581 3,581 400 Residential 1-4 family (4) - - - - - - - - - Other consumer loans - - - - - - - - - Total $ - $ - $ - $ 4,333 $ 4,433 $ 602 $ 4,333 $ 4,433 $ 602 Grand total $ 1,303 $ 1,537 $ - $ 14,772 $ 16,270 $ 602 $ 16,075 $ 17,807 $ 602 (1) Recorded investment is after cumulative prior charge offs of $1.4 million. These loans also have aggregate SBA guarantees of $4.6 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. December 31, 2014 Covered Loans Non-covered Loans Total Loans Unpaid Unpaid Unpaid Recorded Principal Related Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment (1) Balance Allowance Investment Balance 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 September 30, 2015 Covered Loans Non-covered Loans Total Loans Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Investment Recognized Investment Recognized Investment Recognized With no related allowance recorded Commercial real estate - owner occupied $ - $ - $ 6,747 $ 75 6,747 $ 75 Commercial real estate - non-owner occupied (1) - - 138 3 138 3 Construction and land development - - - - - - Commercial loans - - 2,992 - 2,992 - Residential 1-4 family (2) 1,303 4 - - 1,303 4 Other consumer loans - - - - - - Total $ 1,303 $ 4 $ 9,877 $ 78 $ 11,180 $ 82 With an allowance recorded Commercial real estate - owner occupied $ - $ - $ 757 $ 10 757 $ 10 Commercial real estate - non-owner occupied (1) - - - - - - Construction and land development - - - - - - Commercial loans - - 3,564 54 3,564 54 Residential 1-4 family (2) - - - - - - Other consumer loans - - - - - - Total $ - $ - $ 4,321 $ 64 $ 4,321 $ 64 Grand total $ 1,303 $ 4 $ 14,198 $ 142 $ 15,501 $ 146 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Three months ended September 30, 2014 Covered Loans Non-covered Loans Total Loans Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Investment Recognized Investment Recognized Investment Recognized With no related allowance recorded Commercial real estate - owner occupied $ 756 $ 13 $ 10,903 $ 175 $ 11,659 $ 188 Commercial real estate - non-owner occupied (1) 1,884 67 - - 1,884 67 Construction and land development - - - - - - Commercial loans - - 8,563 95 8,563 95 Residential 1-4 family (2) 1,208 10 15 - 1,223 10 Other consumer loans - - - - - - Total $ 3,848 $ 90 $ 19,481 $ 270 $ 23,329 $ 360 With an allowance recorded Commercial real estate - owner occupied $ - $ - $ 95 $ 3 $ 95 $ 3 Commercial real estate - non-owner occupied (1) - - - - - - Construction and land development - - - - - - Commercial loans - - - - - - Residential 1-4 family (2) - - 5,811 79 5,811 79 Other consumer loans - - - - - - Total $ - $ - $ 5,906 $ 82 $ 5,906 $ 82 Grand total $ 3,848 $ 90 $ 25,387 $ 352 $ 29,235 $ 442 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Nine months ended September 30, 2015 Covered Loans Non-covered Loans Total Loans Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Investment Recognized Investment Recognized Investment Recognized With no related allowance recorded Commercial real estate - owner occupied $ - $ - $ 6,625 $ 223 6,625 223 Commercial real estate - non-owner occupied (1) - - 139 8 139 8 Construction and land development - - - - - - Commercial loans - - 2,692 - 2,692 - Residential 1-4 family (2) 1,305 20 - - 1,305 20 Other consumer loans - - - - - - Total $ 1,305 $ 20 $ 9,456 $ 231 $ 10,761 $ 251 With an allowance recorded Commercial real estate - owner occupied $ - $ - $ 771 $ 32 771 32 Commercial real estate - non-owner occupied (1) - - - - - - Construction and land development - - - - - - Commercial loans - - 3,618 161 3,618 161 Residential 1-4 family (2) - - - - - - Other consumer loans - - - - - - Total $ - $ - $ 4,389 $ 193 $ 4,389 $ 193 Grand total $ 1,305 $ 20 $ 13,845 $ 424 $ 15,150 $ 444 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Nine months ended September 30, 2014 Covered Loans Non-covered Loans Total Loans Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Investment Recognized Investment Recognized Investment Recognized With no related allowance recorded Commercial real estate - owner occupied $ 746 $ 40 $ 7,942 $ 372 $ 8,688 $ 412 Commercial real estate - non-owner occupied (1) 1,889 91 - - 1,889 91 Construction and land development - - - - - - Commercial loans - - 5,195 137 5,195 137 Residential 1-4 family (2) 1,212 31 5 - 1,217 31 Other consumer loans - - - - - - Total $ 3,847 $ 162 $ 13,142 $ 509 $ 16,989 $ 671 With an allowance recorded Commercial real estate - owner occupied $ - $ - $ 106 $ 11 $ 106 $ 11 Commercial real estate - non-owner occupied (1) - - - - - - Construction and land development - - - - - - Commercial loans - - - - - - Residential 1-4 family (2) - - 5,598 236 5,598 236 Other consumer loans - - - - - - Total $ - $ - $ 5,704 $ 247 $ 5,704 $ 247 Grand total $ 3,847 $ 162 $ 18,846 $ 756 $ 22,693 $ 918 (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	September 30, 2015 30 - 59 60 - 89 Days Days 90 Days Total Nonaccrual Loans Not Total Past Due Past Due or More Past Due Loans Past Due 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) - - - - 891 34,475 35,366 Other consumer loans - - - - - - - Total $ - $ - $ - $ - $ 891 $ 34,475 $ 35,366 Non-covered loans: Commercial real estate - owner occupied $ 632 $ - $ - $ 632 $ 1,445 $ 139,014 $ 141,091 Commercial real estate - non-owner occupied (1) - - - - - 269,781 269,781 Construction and land development - - - - - 59,317 59,317 Commercial loans - 259 - 259 3,144 112,790 116,193 Residential 1-4 family (2) 770 8 - 778 - 167,570 168,348 Other consumer loans 1 - - 1 - 1,471 1,472 Total $ 1,403 $ 267 $ - $ 1,670 $ 4,589 $ 749,943 $ 756,202 Total loans: Commercial real estate - owner occupied $ 632 $ - $ - $ 632 $ 1,445 $ 139,014 $ 141,091 Commercial real estate - non-owner occupied (1) - - - - - 269,781 269,781 Construction and land development - - - - - 59,317 59,317 Commercial loans - 259 - 259 3,144 112,790 116,193 Residential 1-4 family (2) 770 8 - 778 891 202,045 203,714 Other consumer loans 1 - - 1 - 1,471 1,472 Total $ 1,403 $ 267 $ - $ 1,670 $ 5,480 $ 784,418 $ 791,568 December 31, 2014 30 - 59 60 - 89 Days Days 90 Days Total Nonaccrual Loans Not Total Past Due Past Due or More Past Due Loans Past Due 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 September 30, 2015 Commercial Real Estate Owner Occupied Commercial Real Estate Non-owner Occupied (1) Construction and Land Commercial Loans 1-4 Family Residential (2) Other Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ 1,054 $ 1,524 $ 1,052 $ 2,421 $ 1,224 $ 46 $ 652 $ 7,973 Charge offs (66 ) - - (448 ) (250 ) (2 ) - (766 ) Recoveries 12 6 - 60 2 - 80 Provision 3 (244 ) (79 ) 908 186 4 72 850 Ending balance $ 1,003 $ 1,286 $ 973 $ 2,941 $ 1,162 $ 48 $ 724 $ 8,137 Three months ended September 30, 2014 Allowance for loan losses: Beginning balance $ 596 $ 933 $ 1,400 $ 2,926 $ 785 $ 59 $ 616 $ 7,315 Charge offs (2 ) - - (1,057 ) (149 ) - - (1,209 ) Recoveries 2 5 4 9 2 - - 22 Provision 21 16 78 592 441 (6 ) (168 ) 975 Ending balance $ 617 $ 954 $ 1,482 $ 2,470 $ 1,079 $ 53 $ 448 $ 7,103 (1) Includes loans secured by farmland and multi-family residential loans. (2) Includes home equity lines of credit. Non-covered loans: Commercial Commercial Construction Commercial 1-4 Family Other Unallocated Total Allowance for loan losses: Beginning balance $ 855 $ 1,123 $ 1,644 $ 2,063 $ 1,322 $ 49 $ 337 $ 7,393 Charge offs (1,067 ) - - (1,067 ) (250 ) (6 ) - (2,390 ) Recoveries 16 18 139 79 7 - - 259 Provision 1,199 145 (810 ) 1,866 83 5 387 2,875 Ending balance $ 1,003 $ 1,286 $ 973 $ 2,941 $ 1,162 $ 48 $ 724 $ 8,137 Nine months ended September 30, 2014 Allowance for loan losses: Beginning balance $ 814 $ 985 $ 1,068 $ 2,797 $ 1,302 $ 54 $ 19 $ 7,039 Charge offs (73 ) - - (1,905 ) (449 ) - - (2,427 ) Recoveries 10 17 4 101 4 5 - 141 Provision (134 ) (48 ) 410 1,477 222 (6 ) 429 2,350 Ending balance $ 617 $ 954 $ 1,482 $ 2,470 $ 1,079 $ 53 $ 448 $ 7,103 (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 nine months ended September 30, 2015 and 2014 is summarized below (in thousands): Covered loans: Commercial Commercial Construction Commercial 1-4 Family Other 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 September 30, 2014 Allowance for loan losses: Beginning balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Charge offs - - - - - - - - Recoveries - - - - - - - - Adjustments (2) - - - - - - - - Provision - - - - - - - - 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: Commercial Commercial Construction Commercial 1-4 Family Other Unallocated Total Allowance for loan losses: Beginning balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Charge offs - - - - - - - - Recoveries - - - - - - - - Adjustments (2) - - - - - - - - Provision - - - - - - - - Ending balance $ - $ - $ - $ - $ 17 $ 4 $ - $ 21 Nine months ended September 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	Commercial Commercial Real Estate Real Estate Construction Other Owner Non-owner and Land Commercial 1-4 Family Consumer Non-covered loans: Occupied Occupied (1) Development Loans Residential (2) Loans Unallocated Total September 30, 2015 Ending allowance balance attributable to loans: Individually evaluated for impairment $ 202 $ - $ - $ 400 $ - $ - $ - $ 602 Collectively evaluated for impairment 801 1,286 973 2,541 1,162 48 724 7,535 Total ending allowance $ 1,003 $ 1,286 $ 973 $ 2,941 $ 1,162 $ 48 $ 724 $ 8,137 Loans: Individually evaluated for impairment $ 7,909 $ 138 $ - $ 6,725 $ - $ - $ - $ 14,772 Collectively evaluated for impairment 133,182 269,643 59,317 109,468 168,348 1,472 - 741,430 Total ending loan balances $ 141,091 $ 269,781 $ 59,317 $ 116,193 $ 168,348 $ 1,472 $ - $ 756,202 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 September 30, 2015 and December 31, 2014 (in thousands): Commercial Commercial Real Estate Real Estate Construction Other Owner Non-owner and Land Commercial 1-4 Family Consumer Covered loans: Occupied Occupied (1) Development Loans Residential (2) Loans Unallocated Total September 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 $ - $ - $ - $ - $ 1,303 $ - $ - $ 1,303 Collectively evaluated for impairment - - - - 34,063 - - 34,063 Total ending loan balances $ - $ - $ - $ - $ 35,366 $ - $ - $ 35,366 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	September 30, 2015 Covered Loans Non-covered Loans Total Loans Classified/ Special Classified/ Criticized (1) Pass Total Mention Substandard (3) Pass Total Criticized Pass Total Commercial real estate - owner occupied $ - $ - $ - $ 3,768 $ 7,909 $ 129,414 $ 141,091 $ 11,677 $ 129,414 $ 141,091 Commercial real estate - non-owner occupied (2) - - - 218 138 269,425 269,781 356 269,425 269,781 Construction and land development - - - 1,196 - 58,121 59,317 1,196 58,121 59,317 Commercial loans - - - 3,919 6,725 105,549 116,193 10,644 105,549 116,193 Residential 1-4 family (4) 1,303 34,063 35,366 560 - 167,788 168,348 1,863 201,851 203,714 Other consumer loans - - - - - 1,472 1,472 - 1,472 1,472 Total $ 1,303 $ 34,063 $ 35,366 $ 9,661 $ 14,772 $ 731,769 $ 756,202 $ 25,736 $ 765,832 $ 791,568 December 31, 2014 Covered Loans Non-covered Loans Total Loans Classified/ Special Classified/ Criticized (1) Pass Total Mention Substandard (3) Pass Total 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 $4.6 million and $4.7 million as of September 30, 2015 and December 31, 2014, respectively. (4) Includes home equity lines of credit.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of reconciliation of the denominators of the basic and diluted earnings per share	Weighted Average Income Shares Per Share (Numerator) (Denominator) Amount For the three months ended September 30, 2015 Basic EPS $ 2,481 12,222 $ 0.20 Effect of dilutive stock options and warrants - 119 - Diluted EPS $ 2,481 12,341 $ 0.20 For the three months ended September 30, 2014 Basic EPS $ 2,108 11,971 $ 0.18 Effect of dilutive stock options and warrants - 92 - Diluted EPS $ 2,108 12,063 $ 0.17 For the nine months ended September 30, 2015 Basic EPS $ 6,951 12,316 $ 0.56 Effect of dilutive stock options and warrants - 119 - Diluted EPS $ 6,951 12,435 $ 0.56 For the nine months ended September 30, 2014 Basic EPS $ 5,522 11,724 $ 0.47 Effect of dilutive stock options and warrants - 48 - Diluted EPS $ 5,522 11,772 $ 0.47

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of assets measured at fair value on a recurring basis	Fair Value Measurements Using Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Total at Identical Assets Inputs Inputs (dollars in thousands) September 30, 2015 (Level 1) (Level 2) (Level 3) Financial assets: Available for sale securities Obligations of states and political subdivisions $ 2,287 $ - $ 2,287 $ - Trust preferred securities 1,837 - 1,837 - $ 4,124 $ - $ 4,124 $ - Fair Value Measurements Using Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Total at Identical Assets Inputs Inputs (dollars in thousands) December 31, 2014 (Level 1) (Level 2) (Level 3) 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 Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Total at Identical Assets Inputs Inputs (dollars in thousands) September 30, 2015 (Level 1) (Level 2) (Level 3) Impaired non-covered loans: Commercial real estate - owner occupied $ 7,707 $ 7,707 Commercial real estate - non-owner occupied (1) 138 138 Commercial loans 6,325 6,325 Impaired covered loans: Residential 1-4 family 1,303 1,303 Non-covered other real estate owned: Commercial real estate - owner occupied 1,110 1,110 Commercial real estate - non-owner occupied (1) 237 237 Construction and land development 6,142 6,142 Residential 1-4 family 3,680 3,680 Covered other real estate owned: Residential 1-4 family 90 90 Fair Value Measurements Using Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Total at Identical Assets Inputs Inputs (dollars in thousands) December 31, 2014 (Level 1) (Level 2) (Level 3) 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	September 30, 2015 December 31, 2014 Fair Value Carrying Fair Carrying Fair Hierarchy Level Amount Value Amount Value Financial assets: Cash and cash equivalents Level 1 $ 51,536 $ 51,536 $ 38,320 $ 38,320 Securities available for sale See previous table 4,124 4,124 2,285 2,285 Securities held to maturity Level 2 98,574 98,584 94,058 94,093 Stock in Federal Reserve Bank and Federal Home Loan Bank n/a 5,835 n/a 5,681 n/a Equity investment in mortgage affiliate Level 3 4,462 4,462 3,631 3,631 Preferred investment in mortgage affiliate Level 3 2,555 2,555 1,805 1,805 Net non-covered loans Level 3 746,051 755,448 657,583 666,621 Net covered loans Level 3 35,346 40,410 38,475 43,663 Accrued interest receivable Level 2 & Level 3 2,786 2,786 2,904 2,904 FDIC indemnification asset Level 3 3,217 2,258 3,571 2,261 Financial liabilities: Demand deposits Level 1 96,230 96,230 94,578 94,578 Money market and savings accounts Level 1 189,925 189,925 181,452 181,452 Certificates of deposit Level 3 544,548 546,849 466,395 466,391 Securities sold under agreements to repurchase and other short-term borrowings Level 1 55,945 55,945 29,044 29,044 FHLB advances Level 3 5,000 5,330 25,000 25,526 Accrued interest payable Level 1 & Level 3 844 844 560 560

ACCOUNTING POLICIES (Detail Tex

ACCOUNTING POLICIES (Detail Textuals) - Sonabank	9 Months Ended
	Sep. 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) - Stock Options	9 Months Ended
	Sep. 30, 2015$ / shares
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) - Stock Options $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)$ / sharesshares
Shares
Options outstanding, beginning of period	621,050
Granted	125,500
Forfeited
Exercised	(47,750)
Options outstanding, end of period	698,800
Vested or expected to vest	698,800
Exercisable at end of period	316,730
Weighted Average Exercise Price
Options outstanding, beginning of period | $ / shares	$ 8.49
Granted | $ / shares	$ 11.43
Forfeited | $ / shares
Exercised | $ / shares	$ 9.09
Options outstanding, end of period | $ / shares	8.98
Vested or expected to vest | $ / shares	8.98
Exercisable at end of period | $ / shares	$ 7.85
Weighted Average Remaining Contractual Term
Options outstanding, end of period	6 years 9 months 18 days
Vested or expected to vest	6 years 9 months 18 days
Exercisable at end of period	4 years 9 months 18 days
Options outstanding, end of period - Aggregate Intrinsic Value | $	$ 1,642
Vested or expected to vest - Aggregate Intrinsic Value | $	1,642
Exercisable at end of period - Aggregate Intrinsic Value | $	$ 1,101

STOCK- BASED COMPENSATION (Deta

STOCK- BASED COMPENSATION (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Apr. 30, 2010	Dec. 31, 2004
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 82	$ 82	$ 252	$ 233
Unrecognized compensation expense associated with the stock options	$ 709		$ 709
Unrecognized compensation cost weighted average recognition period			3 years
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	Sep. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 4,879
Gross Unrealized Gains	17
Gross Unrealized Losses	(772)
Fair Value	4,124	$ 2,285
Obligations of states and political subdivisions
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,289	$ 2,295
Gross Unrealized Gains	17
Gross Unrealized Losses	(19)	$ (10)
Fair Value	2,287	$ 2,285
Trust preferred securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 2,590
Gross Unrealized Gains
Gross Unrealized Losses	$ (753)
Fair Value	$ 1,837

SECURITIES - Carrying amount an

SECURITIES - Carrying amount and fair value of securities (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 98,574	$ 94,058
Gross Unrecognized Gains	1,149	2,637
Gross Unrecognized Losses	(1,139)	(2,602)
Fair Value	98,584	94,093
Residential government-sponsored mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	21,655	22,897
Gross Unrecognized Gains	658	708
Gross Unrecognized Losses	(7)	(8)
Fair Value	22,306	23,597
Residential government-sponsored collateralized mortgage obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	3,087	$ 3,564
Gross Unrecognized Gains	1
Gross Unrecognized Losses	(29)	$ (53)
Fair Value	3,059	3,511
Government-sponsored agency securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	53,930	44,949
Gross Unrecognized Gains	363	294
Gross Unrecognized Losses	(545)	(822)
Fair Value	53,748	44,421
Obligations of states and political subdivisions
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	15,444	15,531
Gross Unrecognized Gains	127	108
Gross Unrecognized Losses	(150)	(145)
Fair Value	15,421	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	$ 4,458	6,518
Gross Unrecognized Gains		1,527
Gross Unrecognized Losses	$ (408)	(1,574)
Fair Value	$ 4,050	$ 6,471

SECURITIES - Contractual maturi

SECURITIES - Contractual maturity (Details 2) $ in Thousands	Sep. 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	$ 13,355
Held to maturity, due in five to ten years, fair value	13,323
Held to maturity, due after ten years, amortized cost	60,477
Held to maturity, due after ten years, fair value	59,896
Held to maturity, amortized cost	98,574
Held to maturity, fair value	$ 98,584
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	$ 4,879
Available for sale, due after ten years, fair value	4,124
Available for sale, amortized cost	4,879
Available for sale, fair value	4,124
Residential government-sponsored mortgage-backed securities
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Held to maturity, amortized cost	21,655
Held to maturity, fair value	$ 22,306
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	$ 3,087
Held to maturity, fair value	$ 3,059
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	Sep. 30, 2015	Dec. 31, 2014
Schedule Of Available For Sale and Held To Maturity Securities
Available for sale, less than 12 months, fair value	$ 1,721
Available for sale, less than 12 months, unrealized losses	(19)
Available for sale, 12 months or more, fair value	1,837
Available for sale, 12 months or more, unrealized losses	(753)
Available for sale, total fair value	3,558
Available for sale, total unrealized losses	(772)
Held to maturity, less than 12 months, fair value	23,018	$ 4,683
Held to Maturity, less than 12 months unrecognized losses	(373)	(31)
Held to Maturity, 12 months or more, fair value	19,447	44,345
Held to Maturity, 12 months or more, unrecognized losses	(766)	(2,571)
Held to maturity, total fair value	42,465	49,028
Held to maturity, total unrecognized losses	(1,139)	(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	1,155	3,506
Held to Maturity, less than 12 months unrecognized losses	(3)	$ (8)
Held to Maturity, 12 months or more, fair value	648
Held to Maturity, 12 months or more, unrecognized losses	(4)
Held to maturity, total fair value	1,803	$ 3,506
Held to maturity, total unrecognized losses	$ (7)	(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		692
Held to Maturity, less than 12 months unrecognized losses		(3)
Held to Maturity, 12 months or more, fair value	$ 2,505	2,819
Held to Maturity, 12 months or more, unrecognized losses	(29)	(50)
Held to maturity, total fair value	2,505	3,511
Held to maturity, total unrecognized losses	(29)	$ (53)
Government-Sponsored Agency Securities
Schedule Of Available For Sale and Held To Maturity Securities
Held to maturity, less than 12 months, fair value	19,632
Held to Maturity, less than 12 months unrecognized losses	(358)
Held to Maturity, 12 months or more, fair value	9,801	$ 29,154
Held to Maturity, 12 months or more, unrecognized losses	(187)	(822)
Held to maturity, total fair value	29,433	29,154
Held to maturity, total unrecognized losses	(545)	(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	1,721	485
Available for sale, less than 12 months, unrealized losses	$ (19)	(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	$ 1,721	2,285
Available for sale, total unrealized losses	(19)	(10)
Held to maturity, less than 12 months, fair value	2,231	485
Held to Maturity, less than 12 months unrecognized losses	(12)	(20)
Held to Maturity, 12 months or more, fair value	2,443	8,139
Held to Maturity, 12 months or more, unrecognized losses	(138)	(125)
Held to maturity, total fair value	4,674	8,624
Held to maturity, total unrecognized losses	$ (150)	$ (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	$ 1,837
Available for sale, 12 months or more, unrealized losses	(753)
Available for sale, total fair value	1,837
Available for sale, total unrealized losses	$ (753)
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	$ 4,050	$ 4,233
Held to Maturity, 12 months or more, unrecognized losses	(408)	(1,574)
Held to maturity, total fair value	4,050	4,233
Held to maturity, total unrecognized losses	$ (408)	$ (1,574)

SECURITIES - Owned pooled trust

SECURITIES - Owned pooled trust preferred securities (Details 4) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014
Available for Sale other than temporarily impaired
Cumulative OTTI related to credit loss
Trust preferred securities
Security
Par value - security		$ 4,856
Book value - security		4,458
Estimated fair value - security		4,050
Previously recognized cumulative other comprehensive loss	[1]	260
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		1,837
Cumulative OTTI related to credit loss	[2]	1,060
Par value		8,506
Book value		7,048
Estimated Fair Value		5,887
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		4,535
Book value - security		4,143
Estimated fair value - security		$ 3,776
% of Current Defaults and Deferrals to Total Collateral - security		12.00%
Previously recognized cumulative other comprehensive loss	[1]	$ 254
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		315
Estimated fair value - security		$ 274
% of Current Defaults and Deferrals to Total Collateral - security		30.00%
Previously recognized cumulative other comprehensive loss	[1]	$ 6
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		$ 690
% of Current Defaults and Deferrals to Total Collateral - 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		$ 1,147
% of Current Defaults and Deferrals to Total Collateral - 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	9 Months Ended
	Sep. 30, 2015	Sep. 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		$ (3)
Amount of cumulative other-than-temporary impairment related to credit loss as of September 30	$ 1,060	$ 8,949

SECURITIES - Changes in accumul

SECURITIES - Changes in accumulated other comprehensive income by component (Details 6) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (667)	$ (3,051)	$ (3,020)	$ (3,190)
Other comprehensive income/(loss) before reclassifications	$ (3)	$ 32	(474)	$ 171
Amounts reclassified from accumulated other comprehensive income/(loss)			2,824
Net current-period other comprehensive income/(loss)	$ (3)	$ 32	2,350	$ 171
Ending balance	(670)	(3,019)	(670)	(3,019)
Unrealized Holding Gains (Losses) on Available for Sale Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(493)	(60)	(6)	(203)
Other comprehensive income/(loss) before reclassifications	$ (5)	$ 44	$ (492)	$ 187
Amounts reclassified from accumulated other comprehensive income/(loss)
Net current-period other comprehensive income/(loss)	$ (5)	$ 44	$ (492)	$ 187
Ending balance	(498)	(16)	(498)	(16)
Held to Maturity Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(174)	(2,991)	(3,014)	(2,987)
Other comprehensive income/(loss) before reclassifications	$ 2	$ (12)	18	$ (16)
Amounts reclassified from accumulated other comprehensive income/(loss)			2,824
Net current-period other comprehensive income/(loss)	$ 2	$ (12)	2,842	$ (16)
Ending balance	$ (172)	$ (3,003)	$ (172)	$ (3,003)

SECURITIES (Detail Textuals)

SECURITIES (Detail Textuals) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Temporarily impaired securities		$ 41
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	$ 84,400		$ 71,800
Temporarily impaired securities	$ 46,000

SECURITIES (Detail Textuals 1)

SECURITIES (Detail Textuals 1) $ in Billions	9 Months Ended
	Sep. 30, 2015USD ($)
Schedule Of Available For Sale and Held To Maturity Securities
Other than temporary impairment performing collateral will default or defer per annum	0.50%
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) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Trust preferred securities
Schedule Of Available For Sale and Held To Maturity Securities
OTTI charges related to credit		$ 41

LOANS - Summary (Details)

LOANS - Summary (Details) - USD ($) $ in Thousands		Sep. 30, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Loans, net of deferred fees		$ 781,397	$ 696,058
Total Loans
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied		141,091	136,597
Commercial real estate - non-owner-occupied		249,665	200,517
Secured by farmland		588	612
Construction and land loan		59,317	57,938
Residential 1-4 family		169,970	138,070
Multi- family residential		19,528	21,832
Home equity lines of credit		33,744	33,409
Total real estate loans		673,903	588,975
Commercial loans		116,193	114,714
Consumer loans		1,472	1,564
Gross loans		791,568	705,253
Less deferred fees on loans		(2,013)	(1,781)
Loans, net of deferred fees		$ 789,555	$ 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]	$ 13,693	$ 14,837
Multi- family residential	[1]
Home equity lines of credit	[1]	$ 21,673	$ 23,658
Total real estate loans	[1]	$ 35,366	$ 38,495
Commercial loans	[1]
Consumer loans	[1]
Gross loans	[1]	$ 35,366	$ 38,495
Less deferred fees on loans	[1]	1	1
Loans, net of deferred fees	[1]	35,367	38,496
Total Loans | Non-covered Loans
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied		141,091	136,597
Commercial real estate - non-owner-occupied		249,665	200,517
Secured by farmland		588	612
Construction and land loan		59,317	57,938
Residential 1-4 family		156,277	123,233
Multi- family residential		19,528	21,832
Home equity lines of credit		12,071	9,751
Total real estate loans		638,537	550,480
Commercial loans		116,193	114,714
Consumer loans		1,472	1,564
Gross loans		756,202	666,758
Less deferred fees on loans		(2,014)	(1,782)
Loans, net of deferred fees		$ 754,188	$ 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		Sep. 30, 2015	Dec. 31, 2014
With no related allowance recorded
With no related allowance recorded - Recorded Investment		$ 11,742	$ 18,991
With no related allowance recorded - Unpaid Principal Balance		13,374	19,564
With an allowance recorded
With an allowance recorded - Recorded Investment		4,333	6,561
With an allowance recorded - Unpaid Principal Balance		4,433	8,380
With an allowance recorded - Allowance for Loan Losses Allocated		602	705
Recorded Investment, Grand total		16,075	25,552
Unpaid Principal Balance, Grand total		17,807	27,944
Related Allowance, Grand total		602	705
Commercial real estate - owner occupied
With no related allowance recorded
With no related allowance recorded - Recorded Investment		7,157	10,394
With no related allowance recorded - Unpaid Principal Balance		7,667	10,394
With an allowance recorded
With an allowance recorded - Recorded Investment		752	1,609
With an allowance recorded - Unpaid Principal Balance		852	2,231
With an allowance recorded - Allowance for Loan Losses Allocated		202	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]	$ 233	$ 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]
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		$ 3,144	4,998
With no related allowance recorded - Unpaid Principal Balance		3,937	4,999
With an allowance recorded
With an allowance recorded - Recorded Investment		3,581	3,141
With an allowance recorded - Unpaid Principal Balance		3,581	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]	1,303	1,740
With no related allowance recorded - Unpaid Principal Balance	[2]	$ 1,537	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		$ 1,303	$ 1,740
With no related allowance recorded - Unpaid Principal Balance		$ 1,537	$ 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		$ 1,303	$ 1,740
Unpaid Principal Balance, Grand total		$ 1,537	$ 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]	$ 1,303	$ 1,740
With no related allowance recorded - Unpaid Principal Balance	[2]	$ 1,537	$ 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	[3]	$ 10,439	$ 17,251
With no related allowance recorded - Unpaid Principal Balance		11,837	17,511
With an allowance recorded
With an allowance recorded - Recorded Investment	[3]	4,333	6,561
With an allowance recorded - Unpaid Principal Balance		4,433	8,380
With an allowance recorded - Allowance for Loan Losses Allocated		602	705
Recorded Investment, Grand total	[3]	14,772	23,812
Unpaid Principal Balance, Grand total		16,270	25,891
Related Allowance, Grand total		602	705
Non-covered Loans | Commercial real estate - owner occupied
With no related allowance recorded
With no related allowance recorded - Recorded Investment	[3]	7,157	10,394
With no related allowance recorded - Unpaid Principal Balance		7,667	10,394
With an allowance recorded
With an allowance recorded - Recorded Investment	[3]	752	1,609
With an allowance recorded - Unpaid Principal Balance		852	2,231
With an allowance recorded - Allowance for Loan Losses Allocated		202	151
Non-covered Loans | Commercial real estate - non-owner occupied
With no related allowance recorded
With no related allowance recorded - Recorded Investment	[1],[3]	138	1,859
With no related allowance recorded - Unpaid Principal Balance	[1]	$ 233	$ 2,118
With an allowance recorded
With an allowance recorded - Recorded Investment	[1],[3]
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	[3]
With no related allowance recorded - Unpaid Principal Balance
With an allowance recorded
With an allowance recorded - Recorded Investment	[3]		$ 467
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]	$ 3,144	4,998
With no related allowance recorded - Unpaid Principal Balance		3,937	4,999
With an allowance recorded
With an allowance recorded - Recorded Investment	[3]	3,581	3,141
With an allowance recorded - Unpaid Principal Balance		3,581	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],[3]
With no related allowance recorded - Unpaid Principal Balance	[2]
With an allowance recorded
With an allowance recorded - Recorded Investment	[2],[3]		$ 1,344
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	[3]
With no related allowance recorded - Unpaid Principal Balance
With an allowance recorded
With an allowance recorded - Recorded Investment	[3]
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 $1.4 million. These loans also have aggregate SBA guarantees of $4.6 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		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment		$ 11,180	$ 23,329	$ 10,761	$ 16,989
With no related allowance recorded, Interest Income Recognized		82	360	251	671
With an allowance recorded
With an allowance recorded, Average Recorded Investment		4,321	5,906	4,389	5,704
With an allowance recorded, Interest Income Recognized		64	82	193	247
Average Recorded Investment, Grand total		15,501	29,235	15,150	22,693
Interest Income Recognized, Grand total		146	442	444	918
Commercial real estate - owner occupied
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment		6,747	11,659	6,625	8,688
With no related allowance recorded, Interest Income Recognized		75	188	223	412
With an allowance recorded
With an allowance recorded, Average Recorded Investment		757	95	771	106
With an allowance recorded, Interest Income Recognized		10	3	32	11
Commercial real estate - non-owner occupied
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment	[1]	138	1,884	139	1,889
With no related allowance recorded, Interest Income Recognized	[1]	$ 3	$ 67	$ 8	$ 91
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		$ 2,992	$ 8,563	$ 2,692	$ 5,195
With no related allowance recorded, Interest Income Recognized			$ 95		$ 137
With an allowance recorded
With an allowance recorded, Average Recorded Investment		$ 3,564		$ 3,618
With an allowance recorded, Interest Income Recognized		54		161
Residential 1-4 family
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment	[2]	1,303	$ 1,223	1,305	$ 1,217
With no related allowance recorded, Interest Income Recognized	[2]	$ 4	10	$ 20	31
With an allowance recorded
With an allowance recorded, Average Recorded Investment	[2]		5,811		5,598
With an allowance recorded, Interest Income Recognized	[2]		$ 79		$ 236
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		$ 1,303	$ 3,848	$ 1,305	$ 3,847
With no related allowance recorded, Interest Income Recognized		$ 4	$ 90	$ 20	$ 162
With an allowance recorded
With an allowance recorded, Average Recorded Investment
With an allowance recorded, Interest Income Recognized
Average Recorded Investment, Grand total		$ 1,303	$ 3,848	$ 1,305	$ 3,847
Interest Income Recognized, Grand total		$ 4	90	$ 20	162
Covered loans | Commercial real estate - owner occupied
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment			756		746
With no related allowance recorded, Interest Income Recognized			$ 13		$ 40
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]		$ 1,884		$ 1,889
With no related allowance recorded, Interest Income Recognized	[1]		$ 67		$ 91
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]	$ 1,303	$ 1,208	$ 1,305	$ 1,212
With no related allowance recorded, Interest Income Recognized	[2]	$ 4	$ 10	$ 20	$ 31
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		$ 9,877	$ 19,481	$ 9,456	$ 13,142
With no related allowance recorded, Interest Income Recognized		78	270	231	509
With an allowance recorded
With an allowance recorded, Average Recorded Investment		4,321	5,906	4,389	5,704
With an allowance recorded, Interest Income Recognized		64	82	193	247
Average Recorded Investment, Grand total		14,198	25,387	424	18,846
Interest Income Recognized, Grand total		142	352	15,150	756
Non-covered Loans | Commercial real estate - owner occupied
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment		6,747	10,903	6,625	7,942
With no related allowance recorded, Interest Income Recognized		75	175	223	372
With an allowance recorded
With an allowance recorded, Average Recorded Investment		757	95	771	106
With an allowance recorded, Interest Income Recognized		10	$ 3	32	$ 11
Non-covered Loans | Commercial real estate - non-owner occupied
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment	[1]	138		139
With no related allowance recorded, Interest Income Recognized	[1]	$ 3		$ 8
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		$ 2,992	$ 8,563	$ 2,692	$ 5,195
With no related allowance recorded, Interest Income Recognized			$ 95		$ 137
With an allowance recorded
With an allowance recorded, Average Recorded Investment		$ 3,564		$ 3,618
With an allowance recorded, Interest Income Recognized		$ 54		$ 161
Non-covered Loans | Residential 1-4 family
With no related allowance recorded
With no related allowance recorded, Average Recorded Investment	[2]		$ 15		$ 5
With no related allowance recorded, Interest Income Recognized	[2]
With an allowance recorded
With an allowance recorded, Average Recorded Investment	[2]		$ 5,811		$ 5,598
With an allowance recorded, Interest Income Recognized	[2]		$ 79		$ 236
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		Sep. 30, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 1,670	$ 5,197
Recorded investment, Nonaccrual Loans		5,480	6,511
Recorded Investment, Loans Not Past Due		784,418	693,545
Total Loans		791,568	705,253
30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		1,403	4,463
60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 267	$ 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		$ 632
Recorded investment, Nonaccrual Loans		1,445	$ 1,524
Recorded Investment, Loans Not Past Due		139,014	135,073
Total Loans		141,091	$ 136,597
Commercial real estate - owner occupied | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 632
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]		$ 4,128
Recorded investment, Nonaccrual Loans	[1]
Recorded Investment, Loans Not Past Due	[1]	$ 269,781	$ 218,833
Total Loans	[1]	$ 269,781	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]		$ 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		$ 59,317	57,471
Total Loans		$ 59,317	$ 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		$ 259
Recorded investment, Nonaccrual Loans		3,144	$ 3,140
Recorded Investment, Loans Not Past Due		112,790	111,574
Total Loans		$ 116,193	$ 114,714
Commercial loans | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Commercial loans | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 259
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]	$ 778	$ 1,063
Recorded investment, Nonaccrual Loans	[2]	891	1,380
Recorded Investment, Loans Not Past Due	[2]	202,045	169,036
Total Loans	[2]	203,714	171,479
Residential 1-4 family | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[2]	770	329
Residential 1-4 family | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[2]	$ 8	$ 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		$ 1	$ 6
Recorded investment, Nonaccrual Loans
Recorded Investment, Loans Not Past Due		$ 1,471	$ 1,558
Total Loans		1,472	1,564
Other consumer loans | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 1	$ 6
Other consumer loans | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
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			$ 158
Recorded investment, Nonaccrual Loans		$ 891	859
Recorded Investment, Loans Not Past Due		34,475	37,478
Total Loans	[3]	$ 35,366	38,495
Covered loans | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due			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]		$ 158
Recorded investment, Nonaccrual Loans	[2]	$ 891	859
Recorded Investment, Loans Not Past Due	[2]	34,475	37,478
Total Loans	[2]	$ 35,366	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]		10
Covered loans | Residential 1-4 family | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due	[2]		$ 148
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		$ 1,670	$ 5,039
Recorded investment, Nonaccrual Loans		4,589	5,652
Recorded Investment, Loans Not Past Due		749,943	656,067
Total Loans		756,202	666,758
Non-covered Loans | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		1,403	4,453
Non-covered Loans | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 267	$ 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		$ 632
Recorded investment, Nonaccrual Loans		1,445	$ 1,524
Recorded Investment, Loans Not Past Due		139,014	135,073
Total Loans		141,091	$ 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		$ 632
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]		$ 4,128
Recorded investment, Nonaccrual Loans	[1]
Recorded Investment, Loans Not Past Due	[1]	$ 269,781	$ 218,833
Total Loans	[1]	$ 269,781	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]		$ 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		$ 59,317	57,471
Total Loans		$ 59,317	$ 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		$ 259
Recorded investment, Nonaccrual Loans		3,144	$ 3,140
Recorded Investment, Loans Not Past Due		112,790	111,574
Total Loans		$ 116,193	$ 114,714
Non-covered Loans | Commercial loans | 30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
Non-covered Loans | Commercial loans | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due		$ 259
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]	$ 778	$ 905
Recorded investment, Nonaccrual Loans	[2]		521
Recorded Investment, Loans Not Past Due	[2]	$ 167,570	131,558
Total Loans	[2]	168,348	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]	770	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]	$ 8	$ 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		$ 1	$ 6
Recorded investment, Nonaccrual Loans
Recorded Investment, Loans Not Past Due		$ 1,471	$ 1,558
Total Loans		1,472	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		$ 1	$ 6
Non-covered Loans | Other consumer loans | 60 - 89 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Total Past Due
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		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Allowance for loan losses:
Beginning balance				$ 7,414
Provision		$ 850	$ 975	2,875	$ 2,344
Ending balance		8,158		8,158
Total Loans | Non-covered Loans
Allowance for loan losses:
Beginning balance		7,973	7,315	7,393	7,039
Charge offs		(766)	(1,209)	(2,390)	(2,427)
Recoveries		80	22	259	141
Provision		850	975	2,875	2,350
Ending balance		8,137	7,103	8,137	7,103
Total Loans | Commercial real estate - owner occupied | Non-covered Loans
Allowance for loan losses:
Beginning balance		1,054	596	855	814
Charge offs		(66)	(2)	(1,067)	(73)
Recoveries		12	2	16	10
Provision		3	21	1,199	(134)
Ending balance		1,003	617	1,003	617
Total Loans | Commercial Real Estate Non-owner Occupied | Non-covered Loans
Allowance for loan losses:
Beginning balance	[1]	$ 1,524	$ 933	$ 1,123	$ 985
Charge offs	[1]
Recoveries	[1]	$ 6	$ 5	$ 18	$ 17
Provision	[1]	(244)	16	145	(48)
Ending balance	[1]	1,286	954	1,286	954
Total Loans | Construction and Land Loans | Non-covered Loans
Allowance for loan losses:
Beginning balance		$ 1,052	$ 1,400	$ 1,644	$ 1,068
Charge offs
Recoveries			$ 4	$ 139	$ 4
Provision		$ (79)	78	(810)	410
Ending balance		973	1,482	973	1,482
Total Loans | Commercial loans | Non-covered Loans
Allowance for loan losses:
Beginning balance		2,421	2,926	2,063	2,797
Charge offs		(448)	(1,057)	(1,067)	(1,905)
Recoveries		60	9	79	101
Provision		908	592	1,866	1,477
Ending balance		2,941	2,470	2,941	2,470
Total Loans | 1-4 Family Residential | Non-covered Loans
Allowance for loan losses:
Beginning balance	[2]	1,224	785	1,322	1,302
Charge offs	[2]	(250)	(149)	(250)	(449)
Recoveries	[2]	2	2	7	4
Provision	[2]	186	441	83	222
Ending balance	[2]	1,162	1,079	1,162	1,079
Total Loans | Other consumer loans | Non-covered Loans
Allowance for loan losses:
Beginning balance		46	$ 59	49	$ 54
Charge offs		$ (2)		$ (6)
Recoveries					$ 5
Provision		$ 4	$ (6)	$ 5	(6)
Ending balance		48	53	48	53
Total Loans | Unallocated | Non-covered Loans
Allowance for loan losses:
Beginning balance		$ 652	$ 616	$ 337	$ 19
Charge offs
Recoveries
Provision		$ 72	$ (168)	$ 387	$ 429
Ending balance		$ 724	$ 448	$ 724	$ 448
[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				9 Months Ended
		Sep. 30, 2015		Sep. 30, 2014		Sep. 30, 2015		Sep. 30, 2014
Allowance for loan losses:
Beginning balance						$ 7,414
Provision		$ 850		$ 975		2,875		$ 2,344
Ending balance		8,158				8,158
Loans Receivable | Covered loans
Allowance for loan losses:
Beginning balance		$ 21		$ 21		$ 21		$ 51
Charge offs
Recoveries
Adjustments	[1]				[2]		[2]	$ (24)
Provision								(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]				[2]		[2]
Provision
Ending balance
Loans Receivable | Commercial Real Estate Non-owner Occupied | Covered loans
Allowance for loan losses:
Beginning balance	[2]							$ 45
Charge offs	[2]
Recoveries	[2]
Adjustments	[1],[2]							$ (36)
Provision	[2]							$ (9)
Ending balance	[2]
Loans Receivable | Construction and Land Loans | Covered loans
Allowance for loan losses:
Beginning balance
Charge offs
Recoveries
Adjustments	[1]				[2]		[2]
Provision
Ending balance
Loans Receivable | Commercial loans | Covered loans
Allowance for loan losses:
Beginning balance
Charge offs
Recoveries
Adjustments	[1]				[2]		[2]
Provision
Ending balance
Loans Receivable | 1-4 Family Residential | Covered loans
Allowance for loan losses:
Beginning balance	[3]	$ 17		$ 17		$ 17
Charge offs	[3]
Recoveries	[3]
Adjustments	[1]		[3]		[2]		[2]	$ 14	[3]
Provision	[3]							3
Ending balance	[3]	$ 17		$ 17		$ 17		17
Loans Receivable | Other consumer loans | Covered loans
Allowance for loan losses:
Beginning balance		$ 4		$ 4		$ 4		$ 6
Charge offs
Recoveries
Adjustments	[1]				[2]		[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]				[2]		[2]
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		Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Ending allowance balance attributable to loans:
Total ending allowance		$ 8,158		$ 7,414
Total Loans
Loans:
Total ending loan balances		791,568		705,253
Total Loans | Commercial real estate - owner occupied
Loans:
Total ending loan balances		141,091		136,597
Total Loans | Commercial real estate - non-owner occupied
Loans:
Total ending loan balances	[1]	269,781		222,961
Total Loans | Construction and land development
Loans:
Total ending loan balances		59,317		57,938
Total Loans | Commercial loans
Loans:
Total ending loan balances		116,193		114,714
Total Loans | 1-4 Family Residential
Loans:
Total ending loan balances	[2]	203,714		171,479
Total Loans | Other consumer loans
Loans:
Total ending loan balances		1,472		1,564
Total Loans | Non-covered Loans
Ending allowance balance attributable to loans:
Individually evaluated for impairment		602		705
Collectively evaluated for impairment		7,535		6,688
Total ending allowance		8,137	$ 7,973	7,393	$ 7,103	$ 7,315	$ 7,039
Loans:
Individually evaluated for impairment		14,772		23,812
Collectively evaluated for impairment		741,430		642,946
Total ending loan balances		756,202		666,758
Total Loans | Non-covered Loans | Commercial real estate - owner occupied
Ending allowance balance attributable to loans:
Individually evaluated for impairment		202		151
Collectively evaluated for impairment		801		704
Total ending allowance		1,003	1,054	855	617	596	814
Loans:
Individually evaluated for impairment		7,909		12,003
Collectively evaluated for impairment		133,182		124,594
Total ending loan balances		$ 141,091		$ 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]	$ 1,286		$ 1,123
Total ending allowance	[1]	1,286	1,524	1,123	954	933	985
Loans:
Individually evaluated for impairment	[1]	138		1,859
Collectively evaluated for impairment	[1]	269,643		221,102
Total ending loan balances	[1]	$ 269,781		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		$ 973		1,524
Total ending allowance		$ 973	1,052	1,644	1,482	1,400	1,068
Loans:
Individually evaluated for impairment				467
Collectively evaluated for impairment		$ 59,317		57,471
Total ending loan balances		59,317		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		2,541		1,929
Total ending allowance		2,941	2,421	2,063	2,470	2,926	2,797
Loans:
Individually evaluated for impairment		6,725		8,139
Collectively evaluated for impairment		109,468		106,575
Total ending loan balances		$ 116,193		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]	$ 1,162		1,022
Total ending allowance	[2]	$ 1,162	1,224	1,322	1,079	785	1,302
Loans:
Individually evaluated for impairment	[2]			1,344
Collectively evaluated for impairment	[2]	$ 168,348		131,640
Total ending loan balances	[2]	$ 168,348		$ 132,984
Total Loans | Non-covered Loans | Other consumer loans
Ending allowance balance attributable to loans:
Individually evaluated for impairment
Collectively evaluated for impairment		$ 48		$ 49
Total ending allowance		$ 48	46	$ 49	53	59	54
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment		$ 1,472		$ 1,564
Total ending loan balances		$ 1,472		$ 1,564
Total Loans | Non-covered Loans | Unallocated
Ending allowance balance attributable to loans:
Individually evaluated for impairment
Collectively evaluated for impairment		$ 724		$ 337
Total ending allowance		$ 724	$ 652	$ 337	$ 448	$ 616	$ 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		Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Ending allowance balance attributable to loans:
Less allowance for loan losses		$ 8,158		$ 7,414
Loans Receivable
Loans:
Total loans		791,568		705,253
Loans Receivable | Commercial real estate - owner occupied
Loans:
Total loans		141,091		136,597
Loans Receivable | Commercial real estate - non-owner occupied
Loans:
Total loans	[1]	269,781		222,961
Loans Receivable | Construction and land development
Loans:
Total loans		59,317		57,938
Loans Receivable | Commercial loans
Loans:
Total loans		116,193		114,714
Loans Receivable | Residential 1-4 family
Loans:
Total loans	[2]	203,714		171,479
Loans Receivable | Other consumer loans
Loans:
Total loans		$ 1,472		$ 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	$ 21	$ 51
Loans:
Individually evaluated for impairment		1,303		$ 1,740
Collectively evaluated for impairment		34,063
Total loans	[3]	$ 35,366		$ 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
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
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
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	$ 17
Loans:
Individually evaluated for impairment	[2]	1,303		1,740
Collectively evaluated for impairment	[2]	34,063		36,755
Total loans	[2]	$ 35,366		$ 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	$ 4	$ 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		Sep. 30, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied		$ 141,091	$ 136,597
Commercial real estate - non-owner occupied	[1]	269,781	222,961
Construction and land loan		59,317	57,938
Commercial loans		116,193	114,714
Residential 1-4 family	[2]	203,714	171,479
Consumer loans		1,472	1,564
Total loans		791,568	705,253
Classified/Criticized
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied		11,677	12,920
Commercial real estate - non-owner occupied	[1]	356	234
Construction and land loan		1,196	1,060
Commercial loans		10,644	8,169
Residential 1-4 family	[2]	$ 1,863	$ 3,668
Consumer loans
Total loans		$ 25,736	$ 26,051
Pass
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied		129,414	123,677
Commercial real estate - non-owner occupied	[1]	269,425	222,727
Construction and land loan		58,121	56,878
Commercial loans		105,549	106,545
Residential 1-4 family	[2]	201,851	167,811
Consumer loans		1,472	1,564
Total loans		$ 765,832	$ 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]	$ 35,366	$ 38,495
Consumer loans	[3]
Total loans	[3]	$ 35,366	$ 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]	$ 1,303	$ 1,740
Consumer loans	[4]
Total loans	[4]	$ 1,303	$ 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]	$ 34,063	$ 36,755
Consumer loans
Total loans		$ 34,063	$ 36,755
Non-covered Loans
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied		141,091	136,597
Commercial real estate - non-owner occupied	[1]	269,781	222,961
Construction and land loan		59,317	57,938
Commercial loans		116,193	114,714
Residential 1-4 family	[2]	168,348	132,984
Consumer loans		1,472	1,564
Total loans		756,202	666,758
Non-covered Loans | Special Mention
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied		3,768	917
Commercial real estate - non-owner occupied	[1]	218	234
Construction and land loan		1,196	593
Commercial loans		3,919	30
Residential 1-4 family	[2]	$ 560	$ 584
Consumer loans
Total loans		$ 9,661	$ 2,358
Non-covered Loans | Substandard
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied	[5]	7,909	$ 12,003
Commercial real estate - non-owner occupied	[1],[5]	$ 138
Construction and land loan	[5]		$ 467
Commercial loans	[5]	$ 6,725	8,139
Residential 1-4 family	[2],[5]		$ 1,344
Consumer loans	[5]
Total loans	[5]	$ 14,772	$ 21,953
Non-covered Loans | Pass
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate - owner-occupied		129,414	123,677
Commercial real estate - non-owner occupied	[1]	269,425	222,727
Construction and land loan		58,121	56,878
Commercial loans		105,549	106,545
Residential 1-4 family	[2]	167,788	131,056
Consumer loans		1,472	1,564
Total loans		$ 731,769	$ 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 $4.6 million and $4.7 million as of September 30, 2015 and December 31, 2014, respectively.

LOANS (Details Textuals)

LOANS (Details Textuals) - Loans Receivable $ in Thousands		9 Months Ended
		Sep. 30, 2015USD ($)Agreement	Dec. 31, 2014USD ($)
Accounts Notes And Loans Receivable [Line Items]
Total loans		$ 791,568	$ 705,253
Covered loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	[1]	35,366	38,495
Covered loans | HarVest Bank of Maryland
Accounts Notes And Loans Receivable [Line Items]
Accretable discount on the acquired covered loans		7,500	9,300
Covered loans | PGFSB
Accounts Notes And Loans Receivable [Line Items]
Accretable discount on the acquired covered loans		7,500	9,300
Non-covered Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans		756,202	$ 666,758
Non-covered Loans | HarVest Bank of Maryland
Accounts Notes And Loans Receivable [Line Items]
Total loans		30,800
Non-covered Loans | PGFSB
Accounts Notes And Loans Receivable [Line Items]
Total loans		$ 53,600
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	3 Months Ended	9 Months Ended
	Jun. 30, 2015	Sep. 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		2,200
30 - 59 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 700
Non-covered Loans
Accounts Notes And Loans Receivable [Line Items]
SBA guarantees		4,600	$ 4,700
Charge off on recorded investment		1,400	1,700
SBA guaranteed | Non-covered Loans | Substandard
Accounts Notes And Loans Receivable [Line Items]
SBA guarantees		$ 4,600	$ 4,700

FINANCIAL INSTRUMENTS WITH OF47

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Detail Textuals) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Letter of Credit
Line of Credit Facility [Line Items]
Letters of credit outstanding	$ 6	$ 8.4

FINANCIAL INSTRUMENTS WITH OF48

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Detail Textuals 1) - USD ($) $ in Millions	Sep. 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	$ 130.4	$ 113.3
Approved loan commitment
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Unfunded lines of credit and undisbursed construction loan funds	$ 12.7

EARNINGS PER SHARE - Reconcilia

EARNINGS PER SHARE - Reconciliation of the denominators of the basic and diluted EPS computations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Basic EPS - Income (Numerator) (in dollars)	$ 2,481	$ 2,108	$ 6,951	$ 5,522
Effect of dilutive stock options and warrants - Income (Numerator) (in dollars)
Diluted EPS - Income (Numerator)	$ 2,481	$ 2,108	$ 6,951	$ 5,522
Basic EPS - Weighted Average Shares (Denominator) (in shares)	12,222	11,971	12,316	11,724
Effect of dilutive stock options and warrants - Weighted Average Shares (Denominator) (in shares)	119	92	119	48
Diluted EPS - Weighted Average Shares (Denominator) (in shares)	12,341	12,063	12,435	11,772
Basic EPS - Per Share Amount (in dollars per share)	$ 0.20	$ 0.18	$ 0.56	$ 0.47
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	$ 0.17	$ 0.56	$ 0.47

EARNINGS PER SHARE (Detail Text

EARNINGS PER SHARE (Detail Textuals) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Stock Options and Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options and warrants (in shares)	662,399	657,502	662,298	681,590

FAIR VALUE - Assets measured at

FAIR VALUE - Assets measured at fair value on recurring basis (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Available for sale securities
Fair value	$ 4,124	$ 2,285
Fair Value, Measurements, Recurring | Total
Available for sale securities
Fair value	4,124	2,285
Fair Value, Measurements, Recurring | Total | Obligations of states and political subdivisions
Available for sale securities
Fair value	2,287	$ 2,285
Fair Value, Measurements, Recurring | Total | Trust preferred securities
Available for sale securities
Fair value	$ 1,837
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) | Obligations of states and political subdivisions
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 | Significant Other Observable Inputs (Level 2)
Available for sale securities
Fair value	$ 4,124
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Obligations of states and political subdivisions
Available for sale securities
Fair value	2,287	$ 2,285
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Trust preferred securities
Available for sale securities
Fair value	$ 1,837
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
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, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Trust preferred securities
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	Sep. 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	$ 7,707	$ 11,852
Non covered other real estate owned:
Non-covered other real estate owned	1,110	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	237	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	6,142	6,818
Fair Value, Measurements, Nonrecurring | Total | Commercial loans
Impaired non-covered loans:
Impaired non-covered loans	6,325	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	1,303	1,740
Non covered other real estate owned:
Non-covered other real estate owned	3,680	$ 3,980
Covered other real estate owned:
Covered other real estate owned	$ 90
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
Covered other real estate owned:
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
Covered other real estate owned:
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	$ 7,707	$ 11,852
Non covered other real estate owned:
Non-covered other real estate owned	1,110	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	237	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	6,142	6,818
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3) | Commercial loans
Impaired non-covered loans:
Impaired non-covered loans	6,325	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	1,303	1,740
Non covered other real estate owned:
Non-covered other real estate owned	3,680	$ 3,980
Covered other real estate owned:
Covered other real estate owned	$ 90

FAIR VALUE - Fair Value of Fina

FAIR VALUE - Fair Value of Financial Instruments (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Financial assets:
Cash and cash equivalents	$ 51,536	$ 38,320	$ 45,803	$ 20,856
Securities available for sale	4,124	2,285
Securities held to maturity	98,574	94,058
Stock in Federal Reserve Bank and Federal Home Loan Bank	5,835	5,681
Preferred investment in mortgage affiliate	2,555	1,805
FDIC indemnification asset	3,217	3,571
Financial liabilities:
Certificates of deposit	544,548	466,395
Securities sold under agreements to repurchase and other short-term borrowings	55,945	29,044
FHLB advances	5,000	25,000
Carrying Amount
Financial assets:
Cash and cash equivalents	51,536	38,320
Securities available for sale	4,124	2,285
Securities held to maturity	98,574	94,058
Stock in Federal Reserve Bank and Federal Home Loan Bank	5,835	5,681
Equity investment in mortgage affiliate	4,462	3,631
Preferred investment in mortgage affiliate	2,555	1,805
Net non-covered loans	746,051	657,583
Net covered loans	35,346	38,475
Accrued interest receivable	2,786	2,904
FDIC indemnification asset	3,217	3,571
Financial liabilities:
Demand deposits	96,230	94,578
Money market and savings accounts	189,925	181,452
Certificates of deposit	544,548	466,395
Securities sold under agreements to repurchase and other short-term borrowings	55,945	29,044
FHLB advances	5,000	25,000
Accrued interest payable	844	560
Fair Value
Financial assets:
Cash and cash equivalents	51,536	38,320
Securities available for sale	4,124	2,285
Securities held to maturity	$ 98,584	$ 94,093
Stock in Federal Reserve Bank and Federal Home Loan Bank
Equity investment in mortgage affiliate	$ 4,462	$ 3,631
Preferred investment in mortgage affiliate	2,555	1,805
Net non-covered loans	755,448	666,621
Net covered loans	40,410	43,663
Accrued interest receivable	2,786	2,904
FDIC indemnification asset	2,258	2,261
Financial liabilities:
Demand deposits	96,230	94,578
Money market and savings accounts	189,925	181,452
Certificates of deposit	546,849	466,391
Securities sold under agreements to repurchase and other short-term borrowings	55,945	29,044
FHLB advances	5,330	25,526
Accrued interest payable	$ 844	$ 560

FAIR VALUE (Details Textuals)

FAIR VALUE (Details Textuals) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
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	$ 14,800	$ 23,800
SBA guaranteed
Accounts Notes And Loans Receivable [Line Items]
Non covered Impaired loans	4,600	4,700
Total Loans
Accounts Notes And Loans Receivable [Line Items]
Related Allowance, Grand total	$ 602	$ 705

FAIR VALUE (Details Textuals 1)

FAIR VALUE (Details Textuals 1)	9 Months Ended	12 Months Ended
	Sep. 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	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other real estate owned	$ 11,259	$ 13,051
Non-covered Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other real estate owned	11,200	$ 13,100
Covered loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other real estate owned	$ 90,000

SECURITIES SOLD UNDER AGREEME57

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT TERM BORROWINGS (Details Textuals) $ in Millions	Sep. 30, 2015USD ($)
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Abstract]
Securities sold under agreements to repurchase	$ 12.7
Pledged residential government-sponsored mortgage-backed securities and collateralized mortgage obligations with fair value	$ 21.2