Citizens Bancshares 10-Q 16 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 11, 2015
Entity Registrant Name	CITIZENS BANCSHARES CORP /GA/
Entity Central Index Key	813,640
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,015
Common Stock [Member]
Entity Common Stock, Shares Outstanding		2,066,773
Nonvoting Common Stock [Member]
Entity Common Stock, Shares Outstanding		90,000

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 2,849	$ 2,758
Federal funds sold	6,500
Interest-bearing deposits with banks	39,692	45,653
Certificates of deposit	350	350
Investment securities available for sale, at fair value	117,486	126,611
Investment securities held to maturity, at cost		240
Other investments	799	792
Loans receivable, net	184,448	188,739
Premises and equipment, net	6,243	6,395
Cash surrender value of life insurance	10,021	10,082
Other Real Estate Owned	3,892	4,668
Other assets	8,730	9,351
Total assets	381,010	395,639
LIABILITIES:
Noninterest-bearing deposits	79,648	83,818
Interest-bearing deposits	245,773	257,071
Total deposits	325,421	340,889
Accrued expenses and other liabilities	4,763	4,930
Advances from Federal Home Loan Bank	240	254
Total liabilities	330,424	346,073
STOCKHOLDERS' EQUITY:
Additional paid-in capital	8,344	8,119
Retained earnings	29,377	28,532
Treasury stock at cost, 241,454 and 235,938 shares at September 30, 2015 and December 31, 2014, respectively	(1,930)	(1,882)
Accumulated other comprehensive income, net of income taxes	763	670
Total stockholders' equity	50,586	49,566
Total liabilities and stockholders' equity	381,010	395,639
Series B Preferred Stock [Member]
STOCKHOLDERS' EQUITY:
Preferred stock	7,462	7,462
Series C Preferred Stock [Member]
STOCKHOLDERS' EQUITY:
Preferred stock	4,379	4,379
Common Stock [Member]
STOCKHOLDERS' EQUITY:
Common stock	2,308	2,303
Nonvoting Common Stock [Member]
STOCKHOLDERS' EQUITY:
Common stock	90	90
Nonvested Restricted Common Stock [Member]
STOCKHOLDERS' EQUITY:
Common stock	$ (207)	$ (107)

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Preferred stock, no par value (in dollars per share)
Treasury stock, shares	241,454	235,938
Series B Preferred Stock [Member]
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	7,462	7,462
Preferred stock, shares outstanding	7,462	7,462
Series C Preferred Stock [Member]
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	4,379	4,379
Preferred stock, shares outstanding	4,379	4,379
Common Stock [Member]
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	2,308,228	2,303,228
Common stock, shares outstanding	2,308,228	2,303,228
Nonvoting Common Stock [Member]
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	5,000,000	5,000,000
Common stock, shares issued	90,000	90,000
Common stock, shares outstanding	90,000	90,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest income:
Loans, including fees	$ 2,644	$ 2,432	$ 7,486	$ 7,412
Investment securities:
Taxable	478	537	1,455	1,685
Tax-exempt	214	332	667	917
Interest-bearing deposits	31	32	97	88
Total interest income	3,367	3,333	9,705	10,102
Interest expense:
Deposits	172	211	535	634
Total interest expense	172	211	535	634
Net interest income	3,195	3,122	9,170	$ 9,468
Provision for loan losses	75		200
Net interest income after provision for loan losses	3,120	3,122	8,970	$ 9,468
Noninterest income:
Service charges on deposits	711	720	2,044	2,133
Gain on sales of securities	109		421
Other operating income	249	270	827	847
Total noninterest income	1,069	990	3,292	2,980
Noninterest expense:
Salaries and employee benefits	1,711	1,612	5,076	4,804
Net occupancy and equipment	526	524	1,551	1,568
Amortization of core deposit intangible	118	118	354	354
FDIC insurance	85	80	253	236
Other real estate owned, net	153	306	264	582
Other operating expenses	1,069	1,118	3,302	3,481
Total noninterest expense	3,662	3,758	10,800	11,025
Income before income taxes	527	354	1,462	1,423
Income tax expense	107	(22)	266	158
Net income	420	376	1,196	1,265
Preferred dividends	59	59	178	178
Net income available to common shareholders	$ 361	$ 317	$ 1,018	$ 1,087
Net income per common share - basic (in dollars per share)	$ 0.16	$ 0.15	$ 0.47	$ 0.5
Net income per common share - diluted (in dollars per share)	$ 0.16	$ 0.14	$ 0.46	$ 0.5
Weighted average common outstanding shares - basic (in shares)	2,190	2,169	2,183	2,165
Weighted average common outstanding shares - diluted (in shares)	2,215	2,193	2,209	2,189

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Consolidated Statements Of Comprehensive Income
Net Income	$ 420	$ 376	$ 1,196	$ 1,265
Other Comprehensive Income
Unrealized holding gain (loss) on investment securities available for sale, net of tax	604	$ (330)	371	$ 1,280
Reclassification adjustment for holding gains (loss) included in net income, net of tax	(72)		(278)
Other Comprehensive Income (loss)	532	$ (330)	93	$ 1,280
Total Comprehensive Income (loss)	$ 952	$ 46	$ 1,289	$ 2,545

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Consolidated Statements Of Comprehensive Income Parenthetical
Unrealized holding gain (loss) on investment securities available for sale, tax	$ 315	$ 170	$ 188	$ 659
Reclassification adjustment for holding gains (loss) included in net income, tax	$ 37		$ 37

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Nonvoting Common Stock [Member]	Nonvested Restricted Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Dec. 31, 2013	$ 11,841	$ 2,293	$ 90	$ (16)	$ 7,933	$ 27,131	$ (1,882)	$ (1,082)	$ 46,308
Balance (in shares) at Dec. 31, 2013	12	2,293	90				(236)
Net income						1,265			1,265
Other comprehensive income loss								1,280	1,280
Nonvested restricted stock				(124)	197				73
Dividends declared - preferred						(178)			(178)
Dividends declared - common						(172)			(172)
Balance at Sep. 30, 2014	$ 11,841	$ 2,293	$ 90	(140)	8,130	28,046	$ (1,882)	198	48,576
Balance (in shares) at Sep. 30, 2014	12	2,293	90				(236)
Balance at Dec. 31, 2014	$ 11,841	$ 2,303	$ 90	(107)	8,119	28,532	$ (1,882)	670	49,566
Balance (in shares) at Dec. 31, 2014	12	2,303	90				(236)
Net income						1,196			1,196
Other comprehensive income loss								$ 93	93
Issuance of common stock					38		$ (48)		(5)
Issuance of common stock (in shares)							(5)
Nonvested restricted stock				(100)	187				87
Dividends declared - preferred						(178)			(178)
Dividends declared - common						(173)			(173)
Balance at Sep. 30, 2015	$ 11,841	$ 2,293	$ 90	$ (207)	$ 8,344	$ 29,377	$ (1,930)	$ 763	$ 50,586
Balance (in shares) at Sep. 30, 2015	12	2,293	90				(241)

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
OPERATING ACTIVITIES:
Net income	$ 420	$ 376	$ 1,196	$ 1,265
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	75		200
Depreciation			412	$ 408
Amortization and accretion, net			706	717
Provision for deferred income tax			345	$ 109
Gains on sale of assets and investments, net			(421)
Restricted stock based compensation plan			87	$ 73
Decrease in carrying value of other real estate owned			153	309	$ 526
Net (gain) loss on sale of other real estate owned			(23)	$ 87
Bank owned life insurance income			(171)
Change in other assets			(125)	$ (431)
Change in accrued expenses and other liabilities			(167)	180
Net cash provided by operating activities			2,192	$ 2,717
INVESTING ACTIVITIES:
Proceeds from calls of investment securities held to maturity			240
Proceeds from sales, maturities, and paydowns of investment securities available for sale			36,479	$ 17,501
Purchases of investment securities available for sale			(27,178)	$ (4,900)
Net change in other investments			(7)
Net change in loans receivable			3,980	$ (2,725)
Proceeds from the sale of other real estate owned			789	$ 3,178
Redemption of bank owned life insurance			2,232
Purchase of bank owned life insurance			(2,000)
Purchases of premises and equipment, net			(259)	$ (57)
Net cash provided by investing activities			14,276	12,997
FINANCING ACTIVITIES:
Net change in deposits			(15,468)	10,979
Net change in advances from Federal Home Loan Bank			(14)	$ (14)
Restricted stock remitted by employees for taxes			(5)
Dividends paid - preferred			(178)	$ (178)
Dividends paid - common			(173)	(172)
Net cash provided by financing activities			(15,838)	10,615
Net change in cash and cash equivalents			630	26,329
Cash and cash equivalents, beginning of period			48,411	29,167	29,167
Cash and cash equivalents at end of period	$ 49,041	$ 55,496	49,041	55,496	$ 48,411
Supplemental disclosures of cash paid during the period for:
Interest			536	$ 668
Income taxes			20
Supplemental disclosures of noncash transactions:
Real estate acquired through foreclosure			143	$ 771
Change in unrealized gain (loss) on investment securities available for sale, net of taxes			$ 93	$ 1,280

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation Citizens Bancshares Corporation (the “Company”) is a holding company that provides a full range of commercial and personal banking services to individual and corporate customers in metropolitan Atlanta and Columbus, Georgia, and in Birmingham and Eutaw, Alabama, through its wholly owned subsidiary, Citizens Trust Bank (the “Bank”). The Bank operates under a state charter and serves its customers through seven full-service financial centers in metropolitan Atlanta, Georgia, one full-service financial center in Columbus, Georgia, one full-service financial center in Birmingham, Alabama, and one full-service financial center in Eutaw, Alabama. The accompanying unaudited consolidated financial statements have been prepared pursuant to the rules and regulations for reporting on Form 10-Q. Accordingly, certain disclosures required by generally accepted accounting principles are not included herein. These interim statements should be read in conjunction with the financial statements and notes thereto included in the Company’s latest Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2014. The results of operations for the interim periods reported herein are not necessarily representative of the results expected for the full 2015 fiscal year. The consolidated financial statements of the Company for the three and nine month period ended September 30, 2015 are unaudited. In the opinion of management, all adjustments necessary for a fair presentation of the financial position and results of operations and cash flows for the three and nine month period have been included. All adjustments are of a normal recurring nature. All significant intercompany accounts and transactions have been eliminated in consolidation. Accounting Policies The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), which often require the judgment of management in the selection and application of certain accounting principles and methods. Reference is made to the accounting policies of the Company described in the notes to the consolidated financial statements contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The Company has followed those policies in preparing this report. Management believes that the quality and reasonableness of its most critical policies enable the fair presentation of its financial position and of its results of operations. Troubled Asset Relief Program On August 13, 2010, as part of the U.S. Department of the Treasury (the “Treasury”) Troubled Asset Relief Program (“TARP”) Community Development Capital Initiative, the Company entered into a Letter Agreement, and an Exchange Agreement–Standard Terms (“Exchange Agreement”), with the Treasury, pursuant to which the Company agreed to exchange 7,462 shares of the Company’s Fixed Rate Cumulative Perpetual Preferred Stock, Series A (“Series A Preferred Shares”), issued on March 6, 2009, pursuant to the Company’s participation in the TARP Capital Purchase Program, for 7,462 shares of the Company’s Fixed Rate Cumulative Perpetual Preferred Stock, Series B (“Series B Preferred Shares”) issued pursuant to the TARP Community Development Capital Initiative, both of which have a liquidation preference of $1,000 (the “Exchange Transaction”). No new monetary consideration was exchanged in connection with the Exchange Transaction. The Exchange Transaction closed on August 13, 2010 (the “Closing Date”). On September 17, 2010, the Company issued 4,379 shares of its Series C Preferred Shares to the Treasury as part of its TARP Community Development Capital Initiative for a total of 11,841 shares of Series B and C Preferred Shares issued to Treasury. The issuance of the Series B and Series C Preferred Shares was a private placement exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended. The Series B and Series C Preferred Shares qualify as Tier 1 capital and will pay cumulative dividends at a rate of 2% per annum for the first eight years after the Closing Date and 9% per annum thereafter. The Company may, subject to consultation with the Federal Reserve Bank of Atlanta, redeem the Series B and Series C Preferred Shares at any time for its aggregate liquidation amount plus any accrued and unpaid dividends. Recently Issued Accounting Standards In January 2014, the FASB amended Receivables topic of the Accounting Standards Codification. The amendments are intended to resolve diversity in practice with respect to when a creditor should reclassify a collateralized consumer mortgage loan to other real estate owned (OREO). In addition, the amendments require a creditor reclassify a collateralized consumer mortgage loan to OREO upon obtaining legal title to the real estate collateral, or the borrower voluntarily conveying all interest in the real estate property to the lender to satisfy the loan through a deed in lieu of foreclosure or similar legal agreement. The amendments were effective for the Company for annual periods, and interim periods within those annual period beginning after December 15, 2014, with early implementation of the guidance permitted. In implementing this guidance, assets that are reclassified from real estate to loans are measured at the carrying value of the real estate at the date of adoption. Assets reclassified from loans to real estate are measured at the lower of the net amount of the loan receivable or the fair value of the real estate less costs to sell at the date of adoption. The Company applied the amendments prospectively. These amendments did not have a material effect on the Company’s financial statements. In May 2014, the FASB issued guidance to change the recognition of revenue from contracts with customers. The core principle of the new guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration the entity receives or expects to receive. The guidance will be effective for the Company for reporting periods beginning after December 15, 2017. The Company will apply the guidance using a full retrospective approach. The Company does not expect these amendments to have a material effect on its financial statements. In February 2015, the FASB issued guidance which amends the consolidation requirements and significantly changes the consolidation analysis required under U.S. GAAP. Although the amendments are expected to result in the deconsolidation of many entities, the Company will need to reevaluate all its previous consolidation conclusions. The amendments will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted (including during an interim period), provided that the guidance is applied as of the beginning of the annual period containing the adoption date. The Company does not expect these amendments to have a material effect on its financial statements. In June 2015, the FASB issued amendments to clarify the Accounting Standards Codification (ASC), correct unintended application of guidance, and make minor improvements to the ASC that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The amendments were effective upon issuance (June 12, 2015) for amendments that do not have transition guidance. Amendments that are subject to transition guidance will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The Company does not expect these amendments to have a material effect on its financial statements. In August 2015, the FASB deferred the effective date of ASU 2014-09, Revenue from Contracts with Customers. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

INVESTMENTS

INVESTMENTS	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS	2. INVESTMENTS Investment securities available for sale are summarized as follows (in thousands): At September 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value State, county, and municipal securities $ 27,322 $ 1,270 $ — $ 28,592 Mortgage-backed securities 87,009 349 467 86,891 Corporate securities 2,000 3 — 2,003 Totals $ 116,331 $ 1,622 $ 467 $ 117,486 At December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value State, county, and municipal securities $ 28,179 $ 1,514 $ — $ 29,693 Mortgage-backed securities 87,548 437 1,070 86,915 Corporate securities 9,867 136 — 10,003 Totals $ 125,594 $ 2,087 $ 1,070 $ 126,611 Investment securities held to maturity are summarized as follows (in thousands): At December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value State, county, and municipal securities $ 240 $ 3 $ — $ 243 At September 30, 2015, there were no investment securities held to maturity. The amortized costs and fair values of investment securities at September 30, 2015, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with and without call or prepayment penalties (in thousands). Available for Sale Amortized Fair Cost Value Due in one year or less $ 2,210 $ 2,215 Due after one year through five years 5,260 5,451 Due after five years through ten years 26,475 27,644 Due after ten years 82,386 82,176 $ 116,331 $ 117,486 Securities with carrying values of $93,583,000 and $99,299,000 as of September 30, 2015 and December 31, 2014, respectively, were pledged to secure public deposits, FHLB advances and a $21,013,000 line of credit at the Federal Reserve Bank discount window and for other purposes as required by law. For the three month period ended September 30, 2015, proceeds from the sale of securities were $6,907,000 and gross realized gains on sales of securities were $109,000. There were no sales of securities during the same period in 2014. There were no gross realized losses on sales of securities for the same period during 2015 and 2014. For the nine month period ended September 30, 2015, proceeds from the sale of securities were $19,292,000 and gross realized gains on sales of securities were $421,000. There were no sales of securities during the same period in 2014. There there were no gross realized losses on sales of securities for the same period during 2015 and 2014. The Company’s investment portfolio consists principally of obligations of the United States, its agencies, or its corporations, general obligation and revenue municipals and corporate securities. In the opinion of management, there is no concentration of credit risk in its investment portfolio. The company places its deposits and correspondent accounts with and sells its federal funds to high quality institutions. Management believes credit risk associated with correspondent accounts is not significant. The following tables show investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at September 30, 2015 and December 31, 2014. Except as explicitly identified below, all unrealized losses on investment securities are considered by management to be temporarily impaired given the credit ratings on these investment securities and the short duration of the unrealized loss (in thousands): At September 30, 2015 Securities Available for Sale Securities in a loss position for Securities in a loss position for less than twelve months twelve months or more Total Unrealized Unrealized Unrealized Fair value losses Fair value losses Fair value losses Mortgage-backed securities $ 27,229 $ (105 ) $ 22,728 $ (362 ) $ 49,957 $ (467 ) Total $ 27,229 $ (105 ) $ 22,728 $ (362 ) $ 49,957 $ (467 ) At December 31, 2014 Securities Available for Sale Securities in a loss position for Securities in a loss position for less than twelve months twelve months or more Total Unrealized Unrealized Unrealized Fair value losses Fair value losses Fair value losses Mortgage-backed securities $ 15,384 $ (151 ) $ 40,643 $ (919 ) $ 56,027 $ (1,070 ) Total $ 15,384 $ (151 ) $ 40,643 $ (919 ) $ 56,027 $ (1,070 ) Securities Held to Maturity There were no securities classified as held to maturity in an unrealized loss position at December 31, 2014. The Company’s available for sale portfolio had fifteen (15) investment securities at September 30, 2015 that were in an unrealized loss position for longer than twelve months. At December 31, 2014, the Company had twenty-one investment securities that were in an unrealized loss position for longer than twelve months. The Company reviews these securities for other-than-temporary impairment on a quarterly basis by monitoring their credit support and coverage, constant payment of the contractual principal and interest, loan to value and delinquencies ratios. We use prices from third party pricing services and, to a lesser extent, indicative (non-binding) quotes from third party brokers, to measure fair value of our investment securities. Fair values of the investment securities portfolio could decline in the future if the underlying performance of the collateral for collateralized mortgage obligations or other securities deteriorates and the levels do not provide sufficient protection for contractual principal and interest. As a result, there is risk that an other-than-temporary impairment may occur in the future particularly in light of the current economic environment. As of the date of its evaluation, the Company did not intend to sell and has the ability to hold these securities and it is more likely than not that the Company will not be required to sell those securities before recovery of its amortized cost or the security matures. The Company believes, based on industry analyst reports and credit ratings, that it will continue to receive scheduled interest payments as well as the entire principal balance, and the deterioration in value is attributable to changes in market interest rates and is not in the credit quality of the issuer and therefore, these losses are not considered other-than-temporary.

LOANS RECEIVABLE AND ALLOWANCE

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 30, 2015
Loans and Leases Receivable Disclosure [Abstract]
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	3. LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES Loans outstanding, by classification, are summarized as follows (in thousands): September 30, December 31, 2015 2014 Commercial, financial, and agricultural $ 39,195 $ 33,308 Commercial Real Estate 107,439 116,437 Single-Family Residential 31,608 31,940 Construction and Development 1,905 2,925 Consumer 6,549 6,428 186,696 191,038 Allowance for loan losses 2,248 2,299 $ 184,448 $ 188,739 Activity in the allowance for loan losses by portfolio segment is summarized as follows (in thousands): For the Three Month Period Ended September 30, 2015 Commercial Commercial Real Estate Single-family Residential Construction & Development Consumer Total Beginning balance $ 640 $ 1,191 $ 290 $ 9 $ 191 $ 2,321 Provision for loan losses 60 (120 ) 89 (5 ) 51 75 Loans charged-off — (55 ) (60 ) — (54 ) (169 ) Recoveries on loans charged-off 4 6 1 — 10 21 Ending Balance $ 704 $ 1,022 $ 320 $ 4 $ 198 $ 2,248 For the Nine Month Period Ended September 30, 2015 Commercial Commercial Real Estate Single-family Residential Construction & Development Consumer Total Beginning balance $ 415 $ 1,366 $ 254 $ 72 $ 192 $ 2,299 Provision for loan losses 275 (388 ) 271 (74 ) 116 200 Loans charged-off — (138 ) (230 ) — (165 ) (533 ) Recoveries on loans charged-off 14 182 25 6 55 282 Ending Balance $ 704 $ 1,022 $ 320 $ 4 $ 198 $ 2,248 For the Three Month Period Ended September 30, 2014 Commercial Commercial Real Estate Single-family Residential Construction & Development Consumer Total Beginning balance $ 251 $ 1,913 $ 508 $ 139 $ 147 $ 2,958 Provision for loan losses 206 (140 ) (162 ) 52 44 — Loans charged-off (7 ) (108 ) (162 ) (137 ) (46 ) (460 ) Recoveries on loans charged-off 6 9 23 — 18 56 Ending Balance $ 456 $ 1,674 $ 207 $ 54 $ 163 $ 2,554 For the Nine Month Period Ended September 30, 2014 Commercial Commercial Real Estate Single-family Residential Construction & Development Consumer Total Beginning balance $ 384 $ 1,721 $ 731 $ 126 $ 195 $ 3,157 Provision for loan losses 49 167 (352 ) 65 71 — Loans charged-off (7 ) (244 ) (286 ) (137 ) (144 ) (818 ) Recoveries on loans charged-off 30 30 114 — 41 215 Ending Balance $ 456 $ 1,674 $ 207 $ 54 $ 163 $ 2,554 For the Year Ended December 31, 2014 Commercial Commercial Real Estate Single-family Residential Construction & Development Consumer Total Beginning balance $ 384 $ 1,721 $ 731 $ 126 $ 195 $ 3,157 Provision for loan losses (12 ) 27 (129 ) 69 120 75 Loans charged-off (9 ) (562 ) (468 ) (137 ) (182 ) (1,358 ) Recoveries on loans charged-off 52 180 120 14 59 425 Ending Balance $ 415 $ 1,366 $ 254 $ 72 $ 192 $ 2,299 Portions of the allowance for loan losses may be allocated for specific loans or portfolio segments. However, the entire allowance for loan losses is available for any loan that, in the judgment of management, should be charged-off. In determining our allowance for loan losses, we regularly review loans for specific reserves based on the appropriate impairment assessment methodology. Consumer residential loans are evaluated as a homogeneous population and therefore loans are not evaluated individually for impairment. General reserves are determined using historical loss trends measured over a rolling four quarter average for consumer loans, and a three year average loss factor for commercial loans which is applied to risk rated loans grouped by Federal Financial Examination Council (“FFIEC”) call code. For commercial loans, the general reserves are calculated by applying the appropriate historical loss factor to the loan pool. Impaired loans greater than a minimum threshold established by management are excluded from this analysis. The sum of all such amounts determines our total allowance for loan losses. The allocation of the allowance for loan losses by portfolio segment was as follows (in thousands): At September 30, 2015 Commercial Commercial Real Estate Single-family Residential Construction & Development Consumer Total Specific Reserves: Impaired loans $ — $ 212 $ 100 $ — $ — $ 312 Total specific reserves — 212 100 — — 312 General reserves 704 810 220 4 198 1,936 Total $ 704 $ 1,022 $ 320 $ 4 $ 198 $ 2,248 Loans individually evaluated for impairment $ — $ 6,483 $ 424 $ — $ — $ 6,907 Loans collectively evaluated for impairment 39,195 100,956 31,184 1,905 6,549 179,789 Total $ 39,195 $ 107,439 $ 31,608 $ 1,905 $ 6,549 $ 186,696 At December 31, 2014 Commercial Commercial Real Estate Single-family Residential Construction & Development Consumer Total Specific Reserves: Impaired loans $ — $ 91 $ 51 $ — $ — $ 142 Total specific reserves — 91 51 — — 142 General reserves 415 1,275 203 72 192 2,157 Total $ 415 $ 1,366 $ 254 $ 72 $ 192 $ 2,299 Loans individually evaluated for impairment $ — $ 9,787 $ 280 $ 219 $ — $ 10,286 Loans collectively evaluated for impairment 33,308 106,650 31,660 2,706 6,428 180,752 Total $ 33,308 $ 116,437 $ 31,940 $ 2,925 $ 6,428 $ 191,038 The following table presents impaired loans by class of loan (in thousands): At September 30, 2015 Impaired Loans - With Allowance Impaired Loans - With no Allowance Unpaid Principal Recorded Investment Allowance for Loan Losses Allocated Unpaid Principal Recorded Investment Residential: First mortgages $ — $ — $ — $ — $ — HELOC’s and equity 134 134 100 310 290 Commercial Secured — — — — — Unsecured — — — — — Commercial Real Estate: Owner occupied 408 408 18 8,210 4,010 Non-owner occupied 691 691 194 1,428 1,374 Multi-family — — — — — Construction and Development: Construction — — — — — Improved Land — — — — — Unimproved Land — — — — — Consumer and Other — — — — — Total $ 1,233 $ 1,233 $ 312 $ 9,948 $ 5,674 The following table presents the average recorded investment and interest income recognized on impaired loans by class of loan (in thousands): Nine Months Ended Nine Months Ended September 30, 2015 September 30, 2014 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Residential: First mortgages $ — $ — $ 231 $ — HELOC’s and equity 212 34 274 24 Commercial: Secured — — — — Unsecured — — — — Commercial Real Estate: Owner occupied 8,802 296 5,637 603 Non-owner occupied 2,294 179 2,216 79 Multi-family — — 97 51 Construction and Development: Construction — — 292 27 Improved Land — — — — Unimproved Land — — — — Consumer and Other — — — — Total $ 11,308 $ 509 $ 8,747 $ 784 At December 31, 2014 Impaired Loans - With Allowance Impaired Loans - With no Allowance Unpaid Principal Recorded Investment Allowance for Loan Losses Allocated Unpaid Principal Recorded Investment Average Recorded Investment Interest Income Recognized Residential: First mortgages $ — $ — $ — $ — $ — $ — $ — HELOC’s and equity 102 102 51 178 178 86 35 Commercial Secured — — — — — — — Unsecured — — — — — — — Commercial Real Estate: Owner occupied 81 81 81 8,014 7,457 7,575 717 Non-owner occupied — — — 2,388 2,154 2,228 165 Multi-family 95 95 10 — — 97 69 Construction and Development . Construction — — — 356 219 292 30 Improved Land — — — — — — — Consumer and Other — — — — — — Total $ 278 $ 278 $ 142 $ 10,936 $ 10,008 $ 10,278 $ 1,016 The following table is an aging analysis of our loan portfolio (in thousands): At September 30, 2015 30- 59 Days Past Due 60- 89 Days Past Due Over 90 Days Past Due Total Past Due Current Total Loans Receivable Recorded Investment > 90 Days and Accruing Nonaccrual Residential: First mortgages $ — $ 526 $ 950 $ 1,476 $ 21,459 $ 22,935 $ — $ 1,454 HELOC’s and equity 229 24 182 435 8,238 8,673 — 256 Commercial: — Secured 30 — — 30 32,565 32,595 — — Unsecured — — — — 6,600 6,600 — — Commercial Real Estate: Owner occupied 906 689 — 1,595 51,154 52,749 — 1,693 Non-owner occupied 401 — — 401 49,400 49,801 — 930 Multi-family — — — — 4,889 4,889 — — Construction and Development: Construction — — — — 1,905 1,905 — — Improved Land — — — — — — — — Consumer and Other 1 14 6 21 6,528 6,549 — 6 Total $ 1,567 $ 1,253 $ 1,138 $ 3,958 $ 182,738 $ 186,696 $ — $ 4,339 At December 31, 2014 30- 59 Days Past Due 60- 89 Days Past Due Over 90 Days Past Due Total Past Due Current Total Loans Receivable Recorded Investment > 90 Days and Accruing Nonaccrual Residential: First mortgages $ 2,273 $ 1,190 $ 1,036 $ 4,499 $ 19,960 $ 24,459 $ 35 $ 1,513 HELOC’s and equity 60 550 184 794 6,687 7,481 — 286 Commercial: Secured — 187 — 187 28,232 28,419 — — Unsecured — — — — 4,889 4,889 — — Commercial Real Estate: Owner occupied 767 — 228 995 59,065 60,060 — 1,222 Non-owner occupied 1,429 588 84 2,101 42,425 44,526 — 1,026 Multi-family 35 327 95 457 11,394 11,851 — 95 Construction and Development: Construction — — — — 2,759 2,759 — — Improved Land 103 — — 103 63 166 — — Consumer and Other 6 22 18 46 6,382 6,428 — 18 Total $ 4,673 $ 2,864 $ 1,645 $ 9,182 $ 181,856 $ 191,038 $ 35 $ 4,160 Each of our portfolio segments and the classes within those segments are subject to risks that could have an adverse impact on the credit quality of our loan and lease portfolio. Management has identified the most significant risks as described below which are generally similar among our segments and classes. While the list is not exhaustive, it provides a description of the risks that management has determined are the most significant. Commercial, financial and agricultural loans Consumer Commercial Real Estate Single-family Residential Construction and Development Risk categories Loans excluded from the scope of the annual review process above are generally classified as pass credits until: (a) they become past due; (b) management becomes aware of deterioration in the credit worthiness of the borrower; or (c) the customer contacts the Company for a modification. In these circumstances, the loan is specifically evaluated for potential classification as to special mention, substandard or even charged off. The Company uses the following definitions for risk ratings: Special Mention Substandard Doubtful The following table presents our loan portfolio by risk rating (in thousands): At September 30, 2015 Total Pass Credits Special Mention Substandard Doubtful Single-Family Residential: First mortgages $ 22,935 $ 21,589 $ — $ 1,346 $ — HELOC’s and equity 8,673 7,954 106 519 94 Commercial, financial, and agricultural: Secured 32,595 32,565 — 30 — Unsecured 6,600 6,600 — — — Commercial Real Estate: Owner occupied 52,749 45,498 5,369 1,882 — Non-owner occupied 49,801 47,651 140 2,010 — Multi-family 4,889 4,581 308 — — Construction and Development: Construction 1,905 1,905 — — — Improved Land — — — — — Consumer 6,549 6,531 — 13 5 Total $ 186,696 $ 174,874 $ 5,923 $ 5,800 $ 99 At December 31, 2014 Total Pass Credits Special Mention Substandard Doubtful Single-Family Residential: First mortgages $ 24,459 $ 22,168 $ — $ 2,291 $ — HELOC’s and equity 7,481 6,346 557 476 102 Commercial, financial, and agricultural: Secured 28,419 28,419 — — — Unsecured 4,889 4,889 — — — Commercial Real Estate: Owner occupied 60,060 50,603 4,673 4,702 82 Non-owner occupied 44,526 37,750 4,805 1,971 — Multi-family 11,851 10,353 1,368 130 — Construction and Development: Construction 2,759 2,540 — 219 — Improved Land 166 127 39 — — Consumer 6,428 6,392 5 13 18 Total $ 191,038 $ 169,587 $ 11,447 $ 9,802 $ 202 During the three months ended September 30, 2015, the Company modified one loan that was considered to be a troubled debt restructuring. During the nine months ended September 30, 2015, the Company modified five loans that were considered to be troubled debt restructurings. During the three and nine months ended September 30, 2014, the Company modified one loan that was considered to be a troubled debt restructuring. We extended the terms and decreased the interest rate on these loans (dollars in thousands). Extended Terms and Decreased Interest Rate Nine Months Ended September 30, 2015 Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Residential: Residential mortgages 5 $ 445 $ 445 Total 5 $ 445 $ 445 There was one loan restructured during the last twelve months that has experienced payment default subsequent to restructuring during the three and nine month periods ended September 30, 2015. There were no loans restructured during the last twelve months that experienced payment default subsequent to restructuring during the three and nine month periods ended September 30, 2014. The Company considers a default as failure to comply with the restructured loan agreement. This would include the restructured loan being past due greater than 90 days, failure to comply with financial covenants, or failure to maintain current insurance coverage or real estate taxes after the loan restructure date.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	4. FAIR VALUE OF FINANCIAL INSTRUMENTS The Company measures or monitors certain of its assets and liabilities on a fair value basis. Fair value is used on a recurring basis for assets and liabilities that are elected to be accounted for under ASC guidance as well as certain assets and liabilities in which fair value is the primary basis of accounting. Depending on the nature of the asset or liability, the Company uses various valuation techniques and assumptions when estimating fair value, which are in accordance with the guidance for determining the fair value of a financial asset when the market for that asset is not active. In accordance with ASC guidance, the Company applied the following fair value hierarchy: Level 1—Quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities include debt and equity securities and derivative contracts that are traded in an active exchange market, as well as U.S. Treasury and other highly liquid investments that are actively traded in over-the-counter markets. Level 2—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 for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments and derivative contracts whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. This category generally includes U.S. Government and agency mortgage-backed debt securities, certain derivative contracts and impaired loans. Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. For example, this category generally includes certain private equity investments, retained residual interests in securitizations, residential mortgage servicing rights, and highly structured or long-term derivative contracts. Investment Securities Available for Sale—Investment securities available for sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions, and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange such as the New York Stock Exchange, Treasury securities that are traded by dealers or brokers in active over-the counter markets and money market funds. Level 2 securities include mortgage backed securities issued by government sponsored entities, municipal bonds and corporate debt securities. Securities classified as Level 3 include asset-backed securities in less liquid markets. Other Real Estate Owned— Assets acquired through or instead of loan foreclosure are initially recorded at fair value less estimated costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. The fair value of other real estate owned is generally based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in a Level 3 classification of the inputs for determining fair value. In addition, the Company may further adjust an appraised amount given its knowledge of a specific property or market. Loans—The Company does not record loans at fair value on a recurring basis; however, from time to time, a loan is considered impaired, and an allowance for loan loss is established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan are considered impaired. Once a loan is identified as individually impaired, management measures impairment. The fair value of impaired loans is estimated using one of several methods, including the collateral value, market value of similar debt, and discounted cash flows. Those impaired loans not requiring a specific allowance represent loans for which the fair value of expected repayments or collateral exceed the recorded investment in such loans. At September 30, 2015 and December 31, 2014, substantially all of the impaired loans were evaluated based upon the fair value of the collateral. Impaired loans where an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. The fair value of collateral dependent impaired loans is generally based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in a Level 3 classification of the inputs for determining fair value. In addition, the Company may further adjust an appraised amount given its knowledge of a specific property or market. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. The following tables present financial assets measured at fair value on a recurring and nonrecurring basis and the change in fair value for those specific financial instruments in which fair value has been elected. (there were no financial liabilities measured at fair value for the periods being reported) (in thousands): Fair Value Measurements at Quoted Prices In Active Significant Markets for Other Significant Assets Identical Observable Unobservable Measured at Assets Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) Recurring Basis: Assets Securities available for sale: State, county, and municipal securities $ 28,592 $ — $ 28,592 $ — Mortgage-backed securities 86,891 — 86,891 — Corporate securities 2,003 — 2,003 — 117,486 — 117,486 — Nonrecurring Basis: Assets Impaired loans: Commercial Real Estate $ 6,271 $ — $ — $ 6,271 Single-family Residential 324 — — 324 Other real estate owned 3,892 — — 3,892 10,487 — — 10,487 Fair Value Measurements at Quoted Prices In Active Significant Markets for Other Significant Assets Identical Observable Unobservable Measured at Assets Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) Recurring Basis: Assets Securities available for sale: State, county, and municipal securities $ 29,693 $ — $ 29,693 $ — Mortgage-backed securities 86,915 — 86,915 — Corporate securities 10,003 — 10,003 — 126,611 — 126,611 — Nonrecurring Basis: Assets Impaired loans: Commercial Real Estate $ 9,696 $ — $ — $ 9,696 Single-family Residential 229 — — 229 Construction and Development 219 — — 219 Other real estate owned 4,668 — — 4,668 14,812 — — 14,812 For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of September 30, 2015, the significant unobservable inputs used in the fair value measurements were as follows (dollars in thousands): Fair Value at Valuation Unobservable (Dollars in thousands) September 30, 2015 Technique Inputs Range Impaired Loans: Commercial Real Estate $ 6,271 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5% - 20% Single-family Residential $ 324 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5% - 20% OREO $ 3,892 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5% - 20% As of December 31, 2014, the significant unobservable inputs used in the fair value measurements were as follows (dollars in thousands): Fair Value at Valuation Unobservable (Dollars in thousands) December 31, 2014 Technique Inputs Range Impaired Loans: Commercial Real Estate $ 9,696 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5% - 20% Single-family Residential $ 229 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5% - 20% Construction & Development $ 219 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5% - 20% OREO $ 4,668 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5% - 20% Following are disclosures of fair value information about financial instruments, whethrer o not recognized on the balance sheet, for which it is practicable to estimate that value. The assumptions used in the estimation of the fair values are based on estimates using discounted cash flows and other valuation techniques. The use of discounted cash flows can be significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. The following disclosures should not be considered an estimate of the liquidation value of the Company, but rather a good-faith estimate of the increase or decrease in the value of financial instruments held by the Company since purchase, origination, or issuance. Cash, Due from Banks, Federal Funds Sold, Interest-Bearing Deposits with Banks and Certificates of Deposits Investment Securities Other Investments Loans Cash Surrender Value of Life Insurance Deposits Advances from Federal Home Loan Bank Commitments to Extend Credit and Commercial Letters of Credit Limitations The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2015 (in thousands): September 30, 2015 Fair Value Measurements Carrying Amount Total Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 2,849 $ 2,849 $ 2,849 $ — $ — Interest-bearing deposits with banks 39,692 39,692 39,692 — — Federal funds sold 6,500 6,500 6,500 — — Certificates of deposit 350 350 350 — — Investment securities 117,486 117,486 — 117,486 — Other investments 799 799 799 — — Loans-net 184,448 183,512 — — 183,512 Cash surrender value of life insurance 10,021 10,021 10,021 — — Financial liabilities: Deposits 325,422 326,048 207,626 118,422 — Advances from Federal Home Loan Bank 240 240 — 240 — Notional Estimated Amount Fair Value Off-balance-sheet financial instruments: Commitments to extend credit $ 34,220 $ — Commercial letters of credit 1,889 — The carrying values and estimated fair values of the Company’s financial instruments at December 31, 2014 are as follows: December 31, 2014 Fair Value Measurements Carrying Amount Total Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 2,758 $ 2,758 $ 2,758 $ — $ — Interest-bearing deposits with banks 45,653 45,653 45,653 — — Certificates of deposit 350 350 350 — — Investment securities 126,851 126,854 — 126,854 — Other investments 792 792 792 — — Loans-net 188,739 188,195 — — 188,195 Cash surrender value of life insurance 10,082 10,082 10,082 — — Financial liabilities: Deposits 340,889 341,719 201,994 139,725 — Advances from Federal Home Loan Bank 254 254 — 254 — Notional Estimated Amount Fair Value Off-balance-sheet financial instruments: Commitments to extend credit $ 26,833 $ — Commercial letters of credit 2,027 —

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	9 Months Ended
	Sep. 30, 2015
Real Estate [Abstract]
OTHER REAL ESTATE OWNED	5. OTHER REAL ESTATE OWNED Other real estate owned is reported at the lower of cost or fair value less estimated disposal costs, determined on the basis of current appraisals, comparable sales, and other estimates of value obtained principally from independent sources. Any excess of the loan balance at the time of foreclosure over the fair value of the real estate held as collateral is treated as a charge-off against the allowance for loan losses. Any subsequent declines in value are charged to earnings. Transactions in other real estate owned are summarized below (in thousands): September 30, December 31, 2015 2014 Balance—beginning of period $ 4,668 $ 7,404 Additions 143 1,201 Sales (766 ) (3,411 ) Write downs (153 ) (526 ) Balance—end of period $ 3,892 $ 4,668

INTANGIBLE ASSETS

INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	6. INTANGIBLE ASSETS Finite lived intangible assets of the Company represent deposit assumption premiums recorded upon the purchase of certain assets and liabilities from other financial institutions. Deposit assumption premiums are amortized over seven years, the estimated average lives of the deposit bases acquired, using the straight-line method and are included within other assets on the Condensed Consolidated Balance Sheets. The Company applies a fair value-based impairment test to the carrying value of goodwill on an annual basis and on an interim basis if certain events or circumstances indicate that an impairment loss may have been incurred. The following table presents information about the Company’s intangible assets (in thousands): September 30, 2015 December 31, 2014 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Unamortized intangible asset: Goodwill $ 362 $ — $ 362 $ — Amortized intangible assets: Core deposit intangibles $ 3,303 $ 3,067 $ 3,303 $ 2,714 The following table presents information about aggregate amortization expense (in thousands): Three months ended Nine months ended 2015 2014 2015 2014 Aggregate amortization expense of core deposit intangibles: $ 118 $ 118 $ 354 $ 354 Estimated aggregate amortization expense of core deposit intangibles for the years ending December 31: 2015 $ 472 2016 $ 117 2017 and thereafter $ —

NET INCOME PER COMMON AND COMMO

NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE	7. NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE Basic and diluted net income per share available to common and potential common stockholders has been calculated based on the weighted average number of shares outstanding. Options with exercise prices greater than the average market price of the Company’s stock during the periods are excluded from computation of diluted earnings per share. Options with exercise prices lower than the average market price of the Company’s stock during the periods are considered dilutive and are therefore included in the computation of diluted earnings per share. The following table presents the number of options that are considered antidilutive and dilutive in the computation of diluted earnings per share: Three months ended Nine months ended 2015 2014 2015 2014 Options excluded from calculation of diluted earnings per share 24,877 49,277 24,877 49,277 Dilutive options included in calculation of diluted earnings per share 16,500 — 16,500 — Total number of options outstanding 41,377 49,277 41,377 49,277 The following schedule reconciles the numerator and denominator of the basic and diluted net income per share available to common and potential common stockholders for the three and nine months ended September 30, 2015 and 2014 (in thousands, except per share data): Net Income Shares Per Share (Numerator) (Denominator) Amount Three Months ended September 30, 2015 Basic earnings per share available to common stockholders $ 361 2,190 $ 0.16 Nonvested restricted stock grant — 8 — Effect of dilutive securities: options to purchase common shares — 17 — Diluted earnings per share $ 361 2,215 $ 0.16 Nine Months ended September 30, 2015 Basic earnings per share available to common stockholders $ 1,018 2,183 $ 0.47 Nonvested restricted stock grant — 9 (0.01 ) Effect of dilutive securities: options to purchase common shares — 17 — Diluted earnings per share $ 1,018 2,209 $ 0.46 Three Months ended September 30, 2014 Basic earnings per share available to common stockholders $ 317 2,169 $ 0.15 Nonvested restricted stock grant — 24 (0.01 ) Effect of dilutive securities: options to purchase common shares — — — Diluted earnings per share $ 317 2,193 $ 0.14 Nine Months ended September 30, 2014 Basic earnings per share available to common stockholders $ 1,087 2,165 $ 0.50 Nonvested restricted stock grant — 24 — Effect of dilutive securities: options to purchase common shares — — — Diluted earnings per share $ 1,087 2,189 $ 0.50

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	8. SUBSEQUENT EVENTS The Company evaluated subsequent events through the date its financial statements were issued.

RECLASSIFICATIONS

RECLASSIFICATIONS	9 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
RECLASSIFICATIONS	9. RECLASSIFICATIONS Certain amounts in the 2014 consolidated financial statements were reclassified to conform to the 2015 presentation. These reclassifications had no effect on shareholders’ equity or the results of operations as previously presented.

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Citizens Bancshares Corporation (the “Company”) is a holding company that provides a full range of commercial and personal banking services to individual and corporate customers in metropolitan Atlanta and Columbus, Georgia, and in Birmingham and Eutaw, Alabama, through its wholly owned subsidiary, Citizens Trust Bank (the “Bank”). The Bank operates under a state charter and serves its customers through seven full-service financial centers in metropolitan Atlanta, Georgia, one full-service financial center in Columbus, Georgia, one full-service financial center in Birmingham, Alabama, and one full-service financial center in Eutaw, Alabama. The accompanying unaudited consolidated financial statements have been prepared pursuant to the rules and regulations for reporting on Form 10-Q. Accordingly, certain disclosures required by generally accepted accounting principles are not included herein. These interim statements should be read in conjunction with the financial statements and notes thereto included in the Company’s latest Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2014. The results of operations for the interim periods reported herein are not necessarily representative of the results expected for the full 2015 fiscal year. The consolidated financial statements of the Company for the three and nine month period ended September 30, 2015 are unaudited. In the opinion of management, all adjustments necessary for a fair presentation of the financial position and results of operations and cash flows for the three and nine month period have been included. All adjustments are of a normal recurring nature. All significant intercompany accounts and transactions have been eliminated in consolidation.
Accounting Policies	Accounting Policies The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), which often require the judgment of management in the selection and application of certain accounting principles and methods. Reference is made to the accounting policies of the Company described in the notes to the consolidated financial statements contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The Company has followed those policies in preparing this report. Management believes that the quality and reasonableness of its most critical policies enable the fair presentation of its financial position and of its results of operations.
Troubled Asset Relief Program	Troubled Asset Relief Program On August 13, 2010, as part of the U.S. Department of the Treasury (the “Treasury”) Troubled Asset Relief Program (“TARP”) Community Development Capital Initiative, the Company entered into a Letter Agreement, and an Exchange Agreement–Standard Terms (“Exchange Agreement”), with the Treasury, pursuant to which the Company agreed to exchange 7,462 shares of the Company’s Fixed Rate Cumulative Perpetual Preferred Stock, Series A (“Series A Preferred Shares”), issued on March 6, 2009, pursuant to the Company’s participation in the TARP Capital Purchase Program, for 7,462 shares of the Company’s Fixed Rate Cumulative Perpetual Preferred Stock, Series B (“Series B Preferred Shares”) issued pursuant to the TARP Community Development Capital Initiative, both of which have a liquidation preference of $1,000 (the “Exchange Transaction”). No new monetary consideration was exchanged in connection with the Exchange Transaction. The Exchange Transaction closed on August 13, 2010 (the “Closing Date”). On September 17, 2010, the Company issued 4,379 shares of its Series C Preferred Shares to the Treasury as part of its TARP Community Development Capital Initiative for a total of 11,841 shares of Series B and C Preferred Shares issued to Treasury. The issuance of the Series B and Series C Preferred Shares was a private placement exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended. The Series B and Series C Preferred Shares qualify as Tier 1 capital and will pay cumulative dividends at a rate of 2% per annum for the first eight years after the Closing Date and 9% per annum thereafter. The Company may, subject to consultation with the Federal Reserve Bank of Atlanta, redeem the Series B and Series C Preferred Shares at any time for its aggregate liquidation amount plus any accrued and unpaid dividends.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In January 2014, the FASB amended Receivables topic of the Accounting Standards Codification. The amendments are intended to resolve diversity in practice with respect to when a creditor should reclassify a collateralized consumer mortgage loan to other real estate owned (OREO). In addition, the amendments require a creditor reclassify a collateralized consumer mortgage loan to OREO upon obtaining legal title to the real estate collateral, or the borrower voluntarily conveying all interest in the real estate property to the lender to satisfy the loan through a deed in lieu of foreclosure or similar legal agreement. The amendments were effective for the Company for annual periods, and interim periods within those annual period beginning after December 15, 2014, with early implementation of the guidance permitted. In implementing this guidance, assets that are reclassified from real estate to loans are measured at the carrying value of the real estate at the date of adoption. Assets reclassified from loans to real estate are measured at the lower of the net amount of the loan receivable or the fair value of the real estate less costs to sell at the date of adoption. The Company applied the amendments prospectively. These amendments did not have a material effect on the Company’s financial statements. In May 2014, the FASB issued guidance to change the recognition of revenue from contracts with customers. The core principle of the new guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration the entity receives or expects to receive. The guidance will be effective for the Company for reporting periods beginning after December 15, 2017. The Company will apply the guidance using a full retrospective approach. The Company does not expect these amendments to have a material effect on its financial statements. In February 2015, the FASB issued guidance which amends the consolidation requirements and significantly changes the consolidation analysis required under U.S. GAAP. Although the amendments are expected to result in the deconsolidation of many entities, the Company will need to reevaluate all its previous consolidation conclusions. The amendments will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted (including during an interim period), provided that the guidance is applied as of the beginning of the annual period containing the adoption date. The Company does not expect these amendments to have a material effect on its financial statements. In June 2015, the FASB issued amendments to clarify the Accounting Standards Codification (ASC), correct unintended application of guidance, and make minor improvements to the ASC that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The amendments were effective upon issuance (June 12, 2015) for amendments that do not have transition guidance. Amendments that are subject to transition guidance will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The Company does not expect these amendments to have a material effect on its financial statements. In August 2015, the FASB deferred the effective date of ASU 2014-09, Revenue from Contracts with Customers. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of investment securities available for sale	Investment securities available for sale are summarized as follows (in thousands): At September 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value State, county, and municipal securities $ 27,322 $ 1,270 $ — $ 28,592 Mortgage-backed securities 87,009 349 467 86,891 Corporate securities 2,000 3 — 2,003 Totals $ 116,331 $ 1,622 $ 467 $ 117,486 At December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value State, county, and municipal securities $ 28,179 $ 1,514 $ — $ 29,693 Mortgage-backed securities 87,548 437 1,070 86,915 Corporate securities 9,867 136 — 10,003 Totals $ 125,594 $ 2,087 $ 1,070 $ 126,611
Schedule of investment securities held to maturity	Investment securities held to maturity are summarized as follows (in thousands): At December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value State, county, and municipal securities $ 240 $ 3 $ — $ 243
Schedule of amortized costs and fair values of investment securities, by contractual maturity	The amortized costs and fair values of investment securities at September 30, 2015, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with and without call or prepayment penalties (in thousands). Available for Sale Amortized Fair Cost Value Due in one year or less $ 2,210 $ 2,215 Due after one year through five years 5,260 5,451 Due after five years through ten years 26,475 27,644 Due after ten years 82,386 82,176 $ 116,331 $ 117,486
Schedule of investments' gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealzied loss position	The following tables show investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at September 30, 2015 and December 31, 2014. Except as explicitly identified below, all unrealized losses on investment securities are considered by management to be temporarily impaired given the credit ratings on these investment securities and the short duration of the unrealized loss (in thousands): At September 30, 2015 Securities Available for Sale Securities in a loss position for Securities in a loss position for less than twelve months twelve months or more Total Unrealized Unrealized Unrealized Fair value losses Fair value losses Fair value losses Mortgage-backed securities $ 27,229 $ (105 ) $ 22,728 $ (362 ) $ 49,957 $ (467 ) Total $ 27,229 $ (105 ) $ 22,728 $ (362 ) $ 49,957 $ (467 ) At December 31, 2014 Securities Available for Sale Securities in a loss position for Securities in a loss position for less than twelve months twelve months or more Total Unrealized Unrealized Unrealized Fair value losses Fair value losses Fair value losses Mortgage-backed securities $ 15,384 $ (151 ) $ 40,643 $ (919 ) $ 56,027 $ (1,070 ) Total $ 15,384 $ (151 ) $ 40,643 $ (919 ) $ 56,027 $ (1,070 ) Securities Held to Maturity There were no securities classified as held to maturity in an unrealized loss position at December 31, 2014.

LOANS RECEIVABLE AND ALLOWANC20

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Sep. 30, 2015
Loans and Leases Receivable Disclosure [Abstract]
Summary of loans outstanding, by classification	Loans outstanding, by classification, are summarized as follows (in thousands): September 30, December 31, 2015 2014 Commercial, financial, and agricultural $ 39,195 $ 33,308 Commercial Real Estate 107,439 116,437 Single-Family Residential 31,608 31,940 Construction and Development 1,905 2,925 Consumer 6,549 6,428 186,696 191,038 Allowance for loan losses 2,248 2,299 $ 184,448 $ 188,739
Summary of activity in the allowance for loan losses by portfolio segment	Activity in the allowance for loan losses by portfolio segment is summarized as follows (in thousands): For the Three Month Period Ended September 30, 2015 Commercial Commercial Real Estate Single-family Residential Construction & Development Consumer Total Beginning balance $ 640 $ 1,191 $ 290 $ 9 $ 191 $ 2,321 Provision for loan losses 60 (120 ) 89 (5 ) 51 75 Loans charged-off — (55 ) (60 ) — (54 ) (169 ) Recoveries on loans charged-off 4 6 1 — 10 21 Ending Balance $ 704 $ 1,022 $ 320 $ 4 $ 198 $ 2,248 For the Nine Month Period Ended September 30, 2015 Commercial Commercial Real Estate Single-family Residential Construction & Development Consumer Total Beginning balance $ 415 $ 1,366 $ 254 $ 72 $ 192 $ 2,299 Provision for loan losses 275 (388 ) 271 (74 ) 116 200 Loans charged-off — (138 ) (230 ) — (165 ) (533 ) Recoveries on loans charged-off 14 182 25 6 55 282 Ending Balance $ 704 $ 1,022 $ 320 $ 4 $ 198 $ 2,248 For the Three Month Period Ended September 30, 2014 Commercial Commercial Real Estate Single-family Residential Construction & Development Consumer Total Beginning balance $ 251 $ 1,913 $ 508 $ 139 $ 147 $ 2,958 Provision for loan losses 206 (140 ) (162 ) 52 44 — Loans charged-off (7 ) (108 ) (162 ) (137 ) (46 ) (460 ) Recoveries on loans charged-off 6 9 23 — 18 56 Ending Balance $ 456 $ 1,674 $ 207 $ 54 $ 163 $ 2,554 For the Nine Month Period Ended September 30, 2014 Commercial Commercial Real Estate Single-family Residential Construction & Development Consumer Total Beginning balance $ 384 $ 1,721 $ 731 $ 126 $ 195 $ 3,157 Provision for loan losses 49 167 (352 ) 65 71 — Loans charged-off (7 ) (244 ) (286 ) (137 ) (144 ) (818 ) Recoveries on loans charged-off 30 30 114 — 41 215 Ending Balance $ 456 $ 1,674 $ 207 $ 54 $ 163 $ 2,554 For the Year Ended December 31, 2014 Commercial Commercial Real Estate Single-family Residential Construction & Development Consumer Total Beginning balance $ 384 $ 1,721 $ 731 $ 126 $ 195 $ 3,157 Provision for loan losses (12 ) 27 (129 ) 69 120 75 Loans charged-off (9 ) (562 ) (468 ) (137 ) (182 ) (1,358 ) Recoveries on loans charged-off 52 180 120 14 59 425 Ending Balance $ 415 $ 1,366 $ 254 $ 72 $ 192 $ 2,299
Schedule of allocation of allowance for loan losses by portfolio segment	The allocation of the allowance for loan losses by portfolio segment was as follows (in thousands): At September 30, 2015 Commercial Commercial Real Estate Single-family Residential Construction & Development Consumer Total Specific Reserves: Impaired loans $ — $ 212 $ 100 $ — $ — $ 312 Total specific reserves — 212 100 — — 312 General reserves 704 810 220 4 198 1,936 Total $ 704 $ 1,022 $ 320 $ 4 $ 198 $ 2,248 Loans individually evaluated for impairment $ — $ 6,483 $ 424 $ — $ — $ 6,907 Loans collectively evaluated for impairment 39,195 100,956 31,184 1,905 6,549 179,789 Total $ 39,195 $ 107,439 $ 31,608 $ 1,905 $ 6,549 $ 186,696 At December 31, 2014 Commercial Commercial Real Estate Single-family Residential Construction & Development Consumer Total Specific Reserves: Impaired loans $ — $ 91 $ 51 $ — $ — $ 142 Total specific reserves — 91 51 — — 142 General reserves 415 1,275 203 72 192 2,157 Total $ 415 $ 1,366 $ 254 $ 72 $ 192 $ 2,299 Loans individually evaluated for impairment $ — $ 9,787 $ 280 $ 219 $ — $ 10,286 Loans collectively evaluated for impairment 33,308 106,650 31,660 2,706 6,428 180,752 Total $ 33,308 $ 116,437 $ 31,940 $ 2,925 $ 6,428 $ 191,038
Schedule of impaired loans by class of loan	The following table presents impaired loans by class of loan (in thousands): At September 30, 2015 Impaired Loans - With Allowance Impaired Loans - With no Allowance Unpaid Principal Recorded Investment Allowance for Loan Losses Allocated Unpaid Principal Recorded Investment Residential: First mortgages $ — $ — $ — $ — $ — HELOC’s and equity 134 134 100 310 290 Commercial Secured — — — — — Unsecured — — — — — Commercial Real Estate: Owner occupied 408 408 18 8,210 4,010 Non-owner occupied 691 691 194 1,428 1,374 Multi-family — — — — — Construction and Development: Construction — — — — — Improved Land — — — — — Unimproved Land — — — — — Consumer and Other — — — — — Total $ 1,233 $ 1,233 $ 312 $ 9,948 $ 5,674 The following table presents the average recorded investment and interest income recognized on impaired loans by class of loan (in thousands): Nine Months Ended Nine Months Ended September 30, 2015 September 30, 2014 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Residential: First mortgages $ — $ — $ 231 $ — HELOC’s and equity 212 34 274 24 Commercial: Secured — — — — Unsecured — — — — Commercial Real Estate: Owner occupied 8,802 296 5,637 603 Non-owner occupied 2,294 179 2,216 79 Multi-family — — 97 51 Construction and Development: Construction — — 292 27 Improved Land — — — — Unimproved Land — — — — Consumer and Other — — — — Total $ 11,308 $ 509 $ 8,747 $ 784 At December 31, 2014 Impaired Loans - With Allowance Impaired Loans - With no Allowance Unpaid Principal Recorded Investment Allowance for Loan Losses Allocated Unpaid Principal Recorded Investment Average Recorded Investment Interest Income Recognized Residential: First mortgages $ — $ — $ — $ — $ — $ — $ — HELOC’s and equity 102 102 51 178 178 86 35 Commercial Secured — — — — — — — Unsecured — — — — — — — Commercial Real Estate: Owner occupied 81 81 81 8,014 7,457 7,575 717 Non-owner occupied — — — 2,388 2,154 2,228 165 Multi-family 95 95 10 — — 97 69 Construction and Development . Construction — — — 356 219 292 30 Improved Land — — — — — — — Consumer and Other — — — — — — Total $ 278 $ 278 $ 142 $ 10,936 $ 10,008 $ 10,278 $ 1,016
Schedule of aging analysis of loan portfolio	The following table is an aging analysis of our loan portfolio (in thousands): At September 30, 2015 30- 59 Days Past Due 60- 89 Days Past Due Over 90 Days Past Due Total Past Due Current Total Loans Receivable Recorded Investment > 90 Days and Accruing Nonaccrual Residential: First mortgages $ — $ 526 $ 950 $ 1,476 $ 21,459 $ 22,935 $ — $ 1,454 HELOC’s and equity 229 24 182 435 8,238 8,673 — 256 Commercial: — Secured 30 — — 30 32,565 32,595 — — Unsecured — — — — 6,600 6,600 — — Commercial Real Estate: Owner occupied 906 689 — 1,595 51,154 52,749 — 1,693 Non-owner occupied 401 — — 401 49,400 49,801 — 930 Multi-family — — — — 4,889 4,889 — — Construction and Development: Construction — — — — 1,905 1,905 — — Improved Land — — — — — — — — Consumer and Other 1 14 6 21 6,528 6,549 — 6 Total $ 1,567 $ 1,253 $ 1,138 $ 3,958 $ 182,738 $ 186,696 $ — $ 4,339 At December 31, 2014 30- 59 Days Past Due 60- 89 Days Past Due Over 90 Days Past Due Total Past Due Current Total Loans Receivable Recorded Investment > 90 Days and Accruing Nonaccrual Residential: First mortgages $ 2,273 $ 1,190 $ 1,036 $ 4,499 $ 19,960 $ 24,459 $ 35 $ 1,513 HELOC’s and equity 60 550 184 794 6,687 7,481 — 286 Commercial: Secured — 187 — 187 28,232 28,419 — — Unsecured — — — — 4,889 4,889 — — Commercial Real Estate: Owner occupied 767 — 228 995 59,065 60,060 — 1,222 Non-owner occupied 1,429 588 84 2,101 42,425 44,526 — 1,026 Multi-family 35 327 95 457 11,394 11,851 — 95 Construction and Development: Construction — — — — 2,759 2,759 — — Improved Land 103 — — 103 63 166 — — Consumer and Other 6 22 18 46 6,382 6,428 — 18 Total $ 4,673 $ 2,864 $ 1,645 $ 9,182 $ 181,856 $ 191,038 $ 35 $ 4,160
Schedule of loan portfolio by risk rating	The following table presents our loan portfolio by risk rating (in thousands): At September 30, 2015 Total Pass Credits Special Mention Substandard Doubtful Single-Family Residential: First mortgages $ 22,935 $ 21,589 $ — $ 1,346 $ — HELOC’s and equity 8,673 7,954 106 519 94 Commercial, financial, and agricultural: Secured 32,595 32,565 — 30 — Unsecured 6,600 6,600 — — — Commercial Real Estate: Owner occupied 52,749 45,498 5,369 1,882 — Non-owner occupied 49,801 47,651 140 2,010 — Multi-family 4,889 4,581 308 — — Construction and Development: Construction 1,905 1,905 — — — Improved Land — — — — — Consumer 6,549 6,531 — 13 5 Total $ 186,696 $ 174,874 $ 5,923 $ 5,800 $ 99 At December 31, 2014 Total Pass Credits Special Mention Substandard Doubtful Single-Family Residential: First mortgages $ 24,459 $ 22,168 $ — $ 2,291 $ — HELOC’s and equity 7,481 6,346 557 476 102 Commercial, financial, and agricultural: Secured 28,419 28,419 — — — Unsecured 4,889 4,889 — — — Commercial Real Estate: Owner occupied 60,060 50,603 4,673 4,702 82 Non-owner occupied 44,526 37,750 4,805 1,971 — Multi-family 11,851 10,353 1,368 130 — Construction and Development: Construction 2,759 2,540 — 219 — Improved Land 166 127 39 — — Consumer 6,428 6,392 5 13 18 Total $ 191,038 $ 169,587 $ 11,447 $ 9,802 $ 202
Schedule of troubled debt restructurings	During the three and nine months ended September 30, 2014, the Company modified one loan that was considered to be a troubled debt restructuring. We extended the terms and decreased the interest rate on these loans (dollars in thousands). Extended Terms and Decreased Interest Rate Nine Months Ended September 30, 2015 Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Residential: Residential mortgages 5 $ 445 $ 445 Total 5 $ 445 $ 445

FAIR VALUE OF FINANCIAL INSTR21

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of financial assets measured at fair value on a recurring and nonrecurring basis and the change in fair value for those specific financial instruments in which fair value has been elected	The following tables present financial assets measured at fair value on a recurring and nonrecurring basis and the change in fair value for those specific financial instruments in which fair value has been elected. (there were no financial liabilities measured at fair value for the periods being reported) (in thousands): Fair Value Measurements at Quoted Prices In Active Significant Markets for Other Significant Assets Identical Observable Unobservable Measured at Assets Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) Recurring Basis: Assets Securities available for sale: State, county, and municipal securities $ 28,592 $ — $ 28,592 $ — Mortgage-backed securities 86,891 — 86,891 — Corporate securities 2,003 — 2,003 — 117,486 — 117,486 — Nonrecurring Basis: Assets Impaired loans: Commercial Real Estate $ 6,271 $ — $ — $ 6,271 Single-family Residential 324 — — 324 Other real estate owned 3,892 — — 3,892 10,487 — — 10,487 Fair Value Measurements at Quoted Prices In Active Significant Markets for Other Significant Assets Identical Observable Unobservable Measured at Assets Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) Recurring Basis: Assets Securities available for sale: State, county, and municipal securities $ 29,693 $ — $ 29,693 $ — Mortgage-backed securities 86,915 — 86,915 — Corporate securities 10,003 — 10,003 — 126,611 — 126,611 — Nonrecurring Basis: Assets Impaired loans: Commercial Real Estate $ 9,696 $ — $ — $ 9,696 Single-family Residential 229 — — 229 Construction and Development 219 — — 219 Other real estate owned 4,668 — — 4,668 14,812 — — 14,812
Significant unobservable inputs used for assets and liabilities measured at fair value on a recurring or non-recurring basis	For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of September 30, 2015, the significant unobservable inputs used in the fair value measurements were as follows (dollars in thousands): Fair Value at Valuation Unobservable (Dollars in thousands) September 30, 2015 Technique Inputs Range Impaired Loans: Commercial Real Estate $ 6,271 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5% - 20% Single-family Residential $ 324 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5% - 20% OREO $ 3,892 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5% - 20% As of December 31, 2014, the significant unobservable inputs used in the fair value measurements were as follows (dollars in thousands): Fair Value at Valuation Unobservable (Dollars in thousands) December 31, 2014 Technique Inputs Range Impaired Loans: Commercial Real Estate $ 9,696 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5% - 20% Single-family Residential $ 229 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5% - 20% Construction & Development $ 219 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5% - 20% OREO $ 4,668 Appraised Value Negative adjustment for selling costs and changes in market conditions since appraisal 5% - 20%
Schedule of carrying values and estimated fair values of the Company's financial instruments	The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2015 (in thousands): September 30, 2015 Fair Value Measurements Carrying Amount Total Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 2,849 $ 2,849 $ 2,849 $ — $ — Interest-bearing deposits with banks 39,692 39,692 39,692 — — Federal funds sold 6,500 6,500 6,500 — — Certificates of deposit 350 350 350 — — Investment securities 117,486 117,486 — 117,486 — Other investments 799 799 799 — — Loans-net 184,448 183,512 — — 183,512 Cash surrender value of life insurance 10,021 10,021 10,021 — — Financial liabilities: Deposits 325,422 326,048 207,626 118,422 — Advances from Federal Home Loan Bank 240 240 — 240 — Notional Estimated Amount Fair Value Off-balance-sheet financial instruments: Commitments to extend credit $ 34,220 $ — Commercial letters of credit 1,889 — The carrying values and estimated fair values of the Company’s financial instruments at December 31, 2014 are as follows: December 31, 2014 Fair Value Measurements Carrying Amount Total Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 2,758 $ 2,758 $ 2,758 $ — $ — Interest-bearing deposits with banks 45,653 45,653 45,653 — — Certificates of deposit 350 350 350 — — Investment securities 126,851 126,854 — 126,854 — Other investments 792 792 792 — — Loans-net 188,739 188,195 — — 188,195 Cash surrender value of life insurance 10,082 10,082 10,082 — — Financial liabilities: Deposits 340,889 341,719 201,994 139,725 — Advances from Federal Home Loan Bank 254 254 — 254 — Notional Estimated Amount Fair Value Off-balance-sheet financial instruments: Commitments to extend credit $ 26,833 $ — Commercial letters of credit 2,027 —

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	9 Months Ended
	Sep. 30, 2015
Real Estate [Abstract]
Summary of transactions in other real estate owned	Transactions in other real estate owned are summarized below (in thousands): September 30, December 31, 2015 2014 Balance—beginning of period $ 4,668 $ 7,404 Additions 143 1,201 Sales (766 ) (3,411 ) Write downs (153 ) (526 ) Balance—end of period $ 3,892 $ 4,668

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	The following table presents information about the Company’s intangible assets (in thousands): September 30, 2015 December 31, 2014 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Unamortized intangible asset: Goodwill $ 362 $ — $ 362 $ — Amortized intangible assets: Core deposit intangibles $ 3,303 $ 3,067 $ 3,303 $ 2,714
Schedule of aggregate amortization expense	The following table presents information about aggregate amortization expense (in thousands): Three months ended Nine months ended 2015 2014 2015 2014 Aggregate amortization expense of core deposit intangibles: $ 118 $ 118 $ 354 $ 354 Estimated aggregate amortization expense of core deposit intangibles for the years ending December 31: 2015 $ 472 2016 $ 117 2017 and thereafter $ —

NET INCOME PER COMMON AND COM24

NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of antidilutive and dilutive in the computation of diluted earnings per share	The following table presents the number of options that are considered antidilutive and dilutive in the computation of diluted earnings per share: Three months ended Nine months ended 2015 2014 2015 2014 Options excluded from calculation of diluted earnings per share 24,877 49,277 24,877 49,277 Dilutive options included in calculation of diluted earnings per share 16,500 — 16,500 — Total number of options outstanding 41,377 49,277 41,377 49,277
Schedule of reconciliation of the numerators and denominator of the basic and diluted net income per common and potential common share	The following schedule reconciles the numerator and denominator of the basic and diluted net income per share available to common and potential common stockholders for the three and nine months ended September 30, 2015 and 2014 (in thousands, except per share data): Net Income Shares Per Share (Numerator) (Denominator) Amount Three Months ended September 30, 2015 Basic earnings per share available to common stockholders $ 361 2,190 $ 0.16 Nonvested restricted stock grant — 8 — Effect of dilutive securities: options to purchase common shares — 17 — Diluted earnings per share $ 361 2,215 $ 0.16 Nine Months ended September 30, 2015 Basic earnings per share available to common stockholders $ 1,018 2,183 $ 0.47 Nonvested restricted stock grant — 9 (0.01 ) Effect of dilutive securities: options to purchase common shares — 17 — Diluted earnings per share $ 1,018 2,209 $ 0.46 Three Months ended September 30, 2014 Basic earnings per share available to common stockholders $ 317 2,169 $ 0.15 Nonvested restricted stock grant — 24 (0.01 ) Effect of dilutive securities: options to purchase common shares — — — Diluted earnings per share $ 317 2,193 $ 0.14 Nine Months ended September 30, 2014 Basic earnings per share available to common stockholders $ 1,087 2,165 $ 0.50 Nonvested restricted stock grant — 24 — Effect of dilutive securities: options to purchase common shares — — — Diluted earnings per share $ 1,087 2,189 $ 0.50

SUMMARY OF SIGNIFICANT ACCOUN25

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) $ in Thousands	Aug. 13, 2010	Sep. 30, 2015	Dec. 31, 2014	Sep. 17, 2010
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Number of preferred shares issued	7,462	7,462	7,462
Monetary consideration exchanged in connection with the Exchange Transaction	$ 1
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Number of preferred shares exchanged	7,462
Monetary consideration exchanged in connection with the Exchange Transaction	$ 1
Series B and Series C Preferred Stock [Member]
Class of Stock [Line Items]
Number of preferred shares issued				11,841
Cumulative dividend payment for first eight years after closing date (as a percent)		2.00%
Period for which preferred stock dividend rate is 2%		8 years
Cumulative dividend payment after the first eight years of closing date (as a percent)		9.00%
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Number of preferred shares issued		4,379	4,379	4,379

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Amortized Cost	$ 116,331	$ 125,594
Gross Unrealized Gains	1,622	2,087
Gross Unrealized Losses	467	1,070
Total	117,486	126,611
State, county and municipal securities [Member]
Amortized Cost	27,322	28,179
Gross Unrealized Gains	$ 1,270	$ 1,514
Gross Unrealized Losses
Total	$ 28,592	$ 29,693
Mortgage Backed Securities [Member]
Amortized Cost	87,009	87,548
Gross Unrealized Gains	349	437
Gross Unrealized Losses	467	1,070
Total	86,891	86,915
Corporate Securities [Member]
Amortized Cost	2,000	9,867
Gross Unrealized Gains	$ 3	$ 136
Gross Unrealized Losses
Total	$ 2,003	$ 10,003

INVESTMENTS (Details 2)

INVESTMENTS (Details 2) $ in Thousands	12 Months Ended
	Dec. 31, 2014USD ($)
Amortized Cost	$ 240
State, county and municipal securities [Member]
Amortized Cost	240
Gross Unrealized Gains	$ 3
Gross Unrealized Losses
Fair Value	$ 243

INVESTMENTS (Details 3)

INVESTMENTS (Details 3) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Available for Sale, Amortized Cost
Due in one year or less	$ 2,210
Due after one year through five years	5,260
Due after five years through ten years	26,475
Due after ten years	82,386
Total	116,331
Available for Sale, Fair Value
Due in one year or less	2,215
Due after one year through five years	5,451
Due after five years through ten years	27,644
Due after ten years	82,176
Total	$ 117,486	$ 126,611
Held to Maturity, Amortized Cost
Total		$ 240

INVESTMENTS (Details 4)

INVESTMENTS (Details 4) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Available-for-sale securities
Less Than 12 Months, Fair Value	$ 27,229	$ 15,384
Less Than 12 Months, Unrealized Losses	(105)	(151)
12 Months Or Longer, Fair Value	22,728	40,643
12 Months Or Longer, Unrealized Losses	(362)	(919)
Total Fair Value	49,957	56,027
Total Unrealized Losses	(467)	(1,070)
Mortgage Backed Securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	27,229	15,384
Less Than 12 Months, Unrealized Losses	(105)	(151)
12 Months Or Longer, Fair Value	22,728	40,643
12 Months Or Longer, Unrealized Losses	(362)	(919)
Total Fair Value	49,957	56,027
Total Unrealized Losses	$ (467)	$ (1,070)

INVESTMENTS (Details Narrative)

INVESTMENTS (Details Narrative) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015USD ($)Number	Sep. 30, 2015USD ($)Number	Dec. 31, 2014USD ($)Number
Securities pledged as collateral
Securities pledged to secure public funds on deposit and for other purposes as required by law, FHLB advances	$ 93,583	$ 93,583	$ 99,299
Line of credit at Federal Reserve Bank discount window	21,013	21,013
Gross realized gains (losses) on securities
Proceeds from sale of securities	6,907	19,292
Gross realized gains	$ 109	$ 421
Number of securities unrealized loss position for longer than twelve months | Number	15	15	21

LOANS RECEIVABLE AND ALLOWANC31

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Loans, gross	$ 186,696	$ 191,038
Allowance for loan losses	2,248	2,299
Loans, net	184,448	188,739
Commercial Financial and Agricultural Portfolio Segment [Member]
Loans, gross	39,195	33,308
Commercial Real Estate Portfolio Segment [Member]
Loans, gross	107,439	116,437
Single Family Residential Mortgage [Member]
Loans, gross	31,608	31,940
Construction and Development Portfolio Segment [Member]
Loans, gross	1,905	2,925
Consumer Portfolio Segment [Member]
Loans, gross	$ 6,549	$ 6,428

LOANS RECEIVABLE AND ALLOWANC32

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Activity in allowance for loan losses by portfolio segment
Beginning balance	$ 2,321	$ 2,958	$ 2,299	$ 3,157	$ 3,157
Provision for loan losses	75		200		75
Loans charged-off	(169)	$ (460)	(533)	$ (818)	(1,358)
Recoveries on loans charged-off	21	56	282	215	425
Ending Balance	2,248	2,554	2,248	2,554	2,299
Commercial Financial and Agricultural Portfolio Segment [Member]
Activity in allowance for loan losses by portfolio segment
Beginning balance	640	251	415	384	384
Provision for loan losses	$ 60	206	$ 275	49	(12)
Loans charged-off		(7)		(7)	(9)
Recoveries on loans charged-off	$ 4	6	$ 14	30	52
Ending Balance	704	456	704	456	415
Commercial Real Estate Portfolio Segment [Member]
Activity in allowance for loan losses by portfolio segment
Beginning balance	1,191	1,913	1,366	1,721	1,721
Provision for loan losses	(120)	(140)	(388)	167	27
Loans charged-off	(55)	(108)	(138)	(244)	(562)
Recoveries on loans charged-off	6	9	182	30	180
Ending Balance	1,022	1,674	1,022	1,674	1,366
Single Family Residential Mortgage [Member]
Activity in allowance for loan losses by portfolio segment
Beginning balance	290	508	254	731	731
Provision for loan losses	89	(162)	271	(352)	(129)
Loans charged-off	(60)	(162)	(230)	(286)	(468)
Recoveries on loans charged-off	1	23	25	114	120
Ending Balance	320	207	320	207	254
Construction and Development Portfolio Segment [Member]
Activity in allowance for loan losses by portfolio segment
Beginning balance	9	139	72	126	126
Provision for loan losses	$ (5)	52	$ (74)	65	69
Loans charged-off		$ (137)		$ (137)	(137)
Recoveries on loans charged-off			$ 6		14
Ending Balance	$ 4	$ 54	4	$ 54	72
Consumer Portfolio Segment [Member]
Activity in allowance for loan losses by portfolio segment
Beginning balance	191	147	192	195	195
Provision for loan losses	51	44	116	71	120
Loans charged-off	(54)	(46)	(165)	(144)	(182)
Recoveries on loans charged-off	10	18	55	41	59
Ending Balance	$ 198	$ 163	$ 198	$ 163	$ 192

LOANS RECEIVABLE AND ALLOWANC33

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 3) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Allocation of allowance for loan losses by portfolio segment
Specific Reserves, Impaired loans	$ 312		$ 142
Total specific reserves	312		142
General reserves	1,936		2,157
Total	2,248	$ 2,321	2,299	$ 2,554	$ 2,958	$ 3,157
Loans individually evaluated for impairment	6,907		10,286
Loans collectively evaluated for impairment	179,789		180,752
Total	$ 186,696		$ 191,038
Commercial Financial and Agricultural Portfolio Segment [Member]
Allocation of allowance for loan losses by portfolio segment
Specific Reserves, Impaired loans
Total specific reserves
General reserves	$ 704		$ 415
Total	$ 704	640	$ 415	456	251	384
Loans individually evaluated for impairment
Loans collectively evaluated for impairment	$ 39,195		$ 33,308
Total	39,195		33,308
Commercial Real Estate Portfolio Segment [Member]
Allocation of allowance for loan losses by portfolio segment
Specific Reserves, Impaired loans	212		91
Total specific reserves	212		91
General reserves	810		1,275
Total	1,022	1,191	1,366	1,674	1,913	1,721
Loans individually evaluated for impairment	6,483		9,787
Loans collectively evaluated for impairment	100,956		106,650
Total	107,439		116,437
Single Family Residential Mortgage [Member]
Allocation of allowance for loan losses by portfolio segment
Specific Reserves, Impaired loans	100		51
Total specific reserves	100		51
General reserves	220		203
Total	320	290	254	207	508	731
Loans individually evaluated for impairment	424		280
Loans collectively evaluated for impairment	31,184		31,660
Total	$ 31,608		$ 31,940
Construction and Development Portfolio Segment [Member]
Allocation of allowance for loan losses by portfolio segment
Specific Reserves, Impaired loans
Total specific reserves
General reserves	$ 4		$ 72
Total	$ 4	9	72	54	139	126
Loans individually evaluated for impairment			219
Loans collectively evaluated for impairment	$ 1,905		2,706
Total	$ 1,905		$ 2,925
Consumer Portfolio Segment [Member]
Allocation of allowance for loan losses by portfolio segment
Specific Reserves, Impaired loans
Total specific reserves
General reserves	$ 198		$ 192
Total	$ 198	$ 191	$ 192	$ 163	$ 147	$ 195
Loans individually evaluated for impairment
Loans collectively evaluated for impairment	$ 6,549		$ 6,428
Total	$ 6,549		$ 6,428

LOANS RECEIVABLE AND ALLOWANC34

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 4) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Impaired Loans - With Allowance, Unpaid Principal	$ 1,233		$ 278
Impaired Loans - With Allowance, Recorded Investment	1,233		278
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated	312		142
Impaired Loans - With no Allowance, Unpaid Principal	9,948		10,936
Impaired Loans - With no Allowance, Recorded Investment	5,674		10,008
Average Recorded Investment	11,308	$ 8,747	10,278
Interest Income Recognized	509	784	1,016
Single Family Residential Mortgage [Member]
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated	$ 100		$ 51
Single Family Residential Mortgage [Member] | First Mortgage [Member]
Impaired Loans - With Allowance, Unpaid Principal
Impaired Loans - With Allowance, Recorded Investment
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Impaired Loans - With no Allowance, Unpaid Principal
Impaired Loans - With no Allowance, Recorded Investment
Average Recorded Investment		231
Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member]
Impaired Loans - With Allowance, Unpaid Principal	$ 134		$ 102
Impaired Loans - With Allowance, Recorded Investment	134		102
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated	100		51
Impaired Loans - With no Allowance, Unpaid Principal	310		178
Impaired Loans - With no Allowance, Recorded Investment	290		178
Average Recorded Investment	212	274	86
Interest Income Recognized	$ 34	$ 24	$ 35
Commercial Financial and Agricultural Portfolio Segment [Member]
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member]
Impaired Loans - With Allowance, Unpaid Principal
Impaired Loans - With Allowance, Recorded Investment
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Impaired Loans - With no Allowance, Unpaid Principal
Impaired Loans - With no Allowance, Recorded Investment
Average Recorded Investment
Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member]
Impaired Loans - With Allowance, Unpaid Principal
Impaired Loans - With Allowance, Recorded Investment
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Impaired Loans - With no Allowance, Unpaid Principal
Impaired Loans - With no Allowance, Recorded Investment
Average Recorded Investment
Commercial Real Estate Portfolio Segment [Member]
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated	$ 212		$ 91
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member]
Impaired Loans - With Allowance, Unpaid Principal	408		81
Impaired Loans - With Allowance, Recorded Investment	408		81
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated	18		81
Impaired Loans - With no Allowance, Unpaid Principal	8,210		8,014
Impaired Loans - With no Allowance, Recorded Investment	4,010		7,457
Average Recorded Investment	8,802	$ 5,637	7,575
Interest Income Recognized	296	603	$ 717
Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member]
Impaired Loans - With Allowance, Unpaid Principal	691
Impaired Loans - With Allowance, Recorded Investment	691
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated	194
Impaired Loans - With no Allowance, Unpaid Principal	1,428		$ 2,388
Impaired Loans - With no Allowance, Recorded Investment	1,374		2,154
Average Recorded Investment	2,294	2,216	2,228
Interest Income Recognized	$ 179	79	165
Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member]
Impaired Loans - With Allowance, Unpaid Principal			95
Impaired Loans - With Allowance, Recorded Investment			95
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated			$ 10
Impaired Loans - With no Allowance, Unpaid Principal
Impaired Loans - With no Allowance, Recorded Investment
Average Recorded Investment		97	$ 97
Interest Income Recognized		51	$ 69
Construction and Development Portfolio Segment [Member]
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member]
Impaired Loans - With Allowance, Unpaid Principal
Impaired Loans - With Allowance, Recorded Investment
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Impaired Loans - With no Allowance, Unpaid Principal			$ 356
Impaired Loans - With no Allowance, Recorded Investment			219
Average Recorded Investment		292	292
Interest Income Recognized		$ 27	$ 30
Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member]
Impaired Loans - With Allowance, Unpaid Principal
Impaired Loans - With Allowance, Recorded Investment
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Impaired Loans - With no Allowance, Unpaid Principal
Impaired Loans - With no Allowance, Recorded Investment
Average Recorded Investment
Construction and Development Portfolio Segment [Member] | Unimproved Land Financing Receivable [Member]
Impaired Loans - With Allowance, Unpaid Principal
Impaired Loans - With Allowance, Recorded Investment
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Impaired Loans - With no Allowance, Unpaid Principal
Impaired Loans - With no Allowance, Recorded Investment
Average Recorded Investment
Consumer Portfolio Segment [Member]
Impaired Loans - With Allowance, Unpaid Principal
Impaired Loans - With Allowance, Recorded Investment
Impaired Loans - With Allowance, Allowance for Loan Losses Allocated
Impaired Loans - With no Allowance, Unpaid Principal
Impaired Loans - With no Allowance, Recorded Investment
Average Recorded Investment

LOANS RECEIVABLE AND ALLOWANC35

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 5) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Total Past Due	$ 3,958	$ 9,182
Current	182,738	181,856
Total	$ 186,696	191,038
Recorded Investment > 90 Days and Accruing		35
Nonaccrual	$ 4,339	4,160
30 to 59 Days Past Due [Member]
Total Past Due	1,567	4,673
60 to 89 Days Past Due [Member]
Total Past Due	1,253	2,864
Equal to Greater than 90 Days Past Due [Member]
Total Past Due	1,138	1,645
Single Family Residential Mortgage [Member]
Total	31,608	31,940
Single Family Residential Mortgage [Member] | First Mortgage [Member]
Total Past Due	1,476	4,499
Current	21,459	19,960
Total	$ 22,935	24,459
Recorded Investment > 90 Days and Accruing		35
Nonaccrual	$ 1,454	1,513
Single Family Residential Mortgage [Member] | First Mortgage [Member] | 30 to 59 Days Past Due [Member]
Total Past Due		2,273
Single Family Residential Mortgage [Member] | First Mortgage [Member] | 60 to 89 Days Past Due [Member]
Total Past Due	$ 526	1,190
Single Family Residential Mortgage [Member] | First Mortgage [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due	950	1,036
Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member]
Total Past Due	435	794
Current	8,238	6,687
Total	$ 8,673	$ 7,481
Recorded Investment > 90 Days and Accruing
Nonaccrual	$ 256	$ 286
Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	229	60
Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member] | 60 to 89 Days Past Due [Member]
Total Past Due	24	550
Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due	182	184
Commercial Financial and Agricultural Portfolio Segment [Member]
Total	39,195	33,308
Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member]
Total Past Due	30	187
Current	32,565	28,232
Total	$ 32,595	$ 28,419
Recorded Investment > 90 Days and Accruing
Nonaccrual
Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	$ 30
Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member] | 60 to 89 Days Past Due [Member]
Total Past Due		$ 187
Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due
Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member]
Total Past Due
Current	$ 6,600	$ 4,889
Total	$ 6,600	$ 4,889
Recorded Investment > 90 Days and Accruing
Nonaccrual
Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member] | 30 to 59 Days Past Due [Member]
Total Past Due
Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member] | 60 to 89 Days Past Due [Member]
Total Past Due
Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due
Commercial Real Estate Portfolio Segment [Member]
Total	$ 107,439	$ 116,437
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member]
Total Past Due	1,595	995
Current	51,154	59,065
Total	$ 52,749	$ 60,060
Recorded Investment > 90 Days and Accruing
Nonaccrual	$ 1,693	$ 1,222
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	906	$ 767
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member] | 60 to 89 Days Past Due [Member]
Total Past Due	$ 689
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due		$ 228
Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member]
Total Past Due	$ 401	2,101
Current	49,400	42,425
Total	$ 49,801	$ 44,526
Recorded Investment > 90 Days and Accruing
Nonaccrual	$ 930	$ 1,026
Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	$ 401	1,429
Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member] | 60 to 89 Days Past Due [Member]
Total Past Due		588
Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due		84
Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member]
Total Past Due		457
Current	$ 4,889	11,394
Total	$ 4,889	$ 11,851
Recorded Investment > 90 Days and Accruing
Nonaccrual		$ 95
Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member] | 30 to 59 Days Past Due [Member]
Total Past Due		35
Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member] | 60 to 89 Days Past Due [Member]
Total Past Due		327
Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due		95
Construction and Development Portfolio Segment [Member]
Total	$ 1,905	$ 2,925
Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member]
Total Past Due
Current	$ 1,905	$ 2,759
Total	$ 1,905	$ 2,759
Recorded Investment > 90 Days and Accruing
Nonaccrual
Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member] | 30 to 59 Days Past Due [Member]
Total Past Due
Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member] | 60 to 89 Days Past Due [Member]
Total Past Due
Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due
Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member]
Total Past Due		$ 103
Current		63
Total		$ 166
Recorded Investment > 90 Days and Accruing
Nonaccrual
Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member] | 30 to 59 Days Past Due [Member]
Total Past Due		$ 103
Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member] | 60 to 89 Days Past Due [Member]
Total Past Due
Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due
Consumer Portfolio Segment [Member]
Total Past Due	$ 21	$ 46
Current	6,528	6,382
Total	$ 6,549	$ 6,428
Recorded Investment > 90 Days and Accruing
Nonaccrual	$ 6	$ 18
Consumer Portfolio Segment [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	1	6
Consumer Portfolio Segment [Member] | 60 to 89 Days Past Due [Member]
Total Past Due	14	22
Consumer Portfolio Segment [Member] | Equal to Greater than 90 Days Past Due [Member]
Total Past Due	$ 6	$ 18

LOANS RECEIVABLE AND ALLOWANC36

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 6) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Total	$ 186,696	$ 191,038
Single Family Residential Mortgage [Member]
Total	31,608	31,940
Single Family Residential Mortgage [Member] | First Mortgage [Member]
Total	22,935	24,459
Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member]
Total	8,673	7,481
Commercial Financial and Agricultural Portfolio Segment [Member]
Total	39,195	33,308
Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member]
Total	32,595	28,419
Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member]
Total	6,600	4,889
Commercial Real Estate Portfolio Segment [Member]
Total	107,439	116,437
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member]
Total	52,749	60,060
Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member]
Total	49,801	44,526
Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member]
Total	4,889	11,851
Construction and Development Portfolio Segment [Member]
Total	1,905	2,925
Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member]
Total	$ 1,905	2,759
Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member]
Total		166
Consumer Portfolio Segment [Member]
Total	$ 6,549	6,428
Pass [Member]
Total	174,874	169,587
Pass [Member] | Single Family Residential Mortgage [Member] | First Mortgage [Member]
Total	21,589	22,168
Pass [Member] | Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member]
Total	7,954	6,346
Pass [Member] | Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member]
Total	32,565	28,419
Pass [Member] | Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member]
Total	6,600	4,889
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member]
Total	45,498	50,603
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member]
Total	47,651	37,750
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member]
Total	4,581	10,353
Pass [Member] | Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member]
Total	$ 1,905	2,540
Pass [Member] | Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member]
Total		127
Pass [Member] | Consumer Portfolio Segment [Member]
Total	$ 6,531	6,392
Special Mention [Member]
Total	$ 5,923	$ 11,447
Special Mention [Member] | Single Family Residential Mortgage [Member] | First Mortgage [Member]
Total
Special Mention [Member] | Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member]
Total	$ 106	$ 557
Special Mention [Member] | Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member]
Total
Special Mention [Member] | Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member]
Total
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member]
Total	$ 5,369	$ 4,673
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member]
Total	140	4,805
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member]
Total	$ 308	$ 1,368
Special Mention [Member] | Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member]
Total
Special Mention [Member] | Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member]
Total		$ 39
Special Mention [Member] | Consumer Portfolio Segment [Member]
Total		5
Substandard [Member]
Total	$ 5,800	9,802
Substandard [Member] | Single Family Residential Mortgage [Member] | First Mortgage [Member]
Total	1,346	2,291
Substandard [Member] | Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member]
Total	519	$ 476
Substandard [Member] | Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member]
Total	$ 30
Substandard [Member] | Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member]
Total
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member]
Total	$ 1,882	$ 4,702
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member]
Total	$ 2,010	1,971
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member]
Total		130
Substandard [Member] | Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member]
Total		$ 219
Substandard [Member] | Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member]
Total
Substandard [Member] | Consumer Portfolio Segment [Member]
Total	$ 13	$ 13
Doubtful [Member]
Total	$ 99	$ 202
Doubtful [Member] | Single Family Residential Mortgage [Member] | First Mortgage [Member]
Total
Doubtful [Member] | Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member]
Total	$ 94	$ 102
Doubtful [Member] | Commercial Financial and Agricultural Portfolio Segment [Member] | Secured Financing Receivable [Member]
Total
Doubtful [Member] | Commercial Financial and Agricultural Portfolio Segment [Member] | Unsecured Financing Receivable [Member]
Total
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Financing Receivable [Member]
Total		$ 82
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Non Owner Occupied Financing Receivable [Member]
Total
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Multi Family Financing Receivable [Member]
Total
Doubtful [Member] | Construction and Development Portfolio Segment [Member] | Construction Financing Receivable [Member]
Total
Doubtful [Member] | Construction and Development Portfolio Segment [Member] | Improved Land Financing Receivable [Member]
Total
Doubtful [Member] | Consumer Portfolio Segment [Member]
Total	$ 5	$ 18

LOANS RECEIVABLE AND ALLOWANC37

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 7) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015Number	Sep. 30, 2014Number	Sep. 30, 2015USD ($)Number	Sep. 30, 2014Number
Number of Contracts | Number	1	1	5	0
Troubled Debt Restructuring [Member]
Number of Contracts | Number			5
Pre-Modification Outstanding Recorded Investment			$ 445
Post-Modification Outstanding Recorded Investment			$ 445
Single Family Residential Mortgage [Member] | Home Equity Line of Credit [Member] | Troubled Debt Restructuring [Member]
Number of Contracts | Number			5
Pre-Modification Outstanding Recorded Investment			$ 445
Post-Modification Outstanding Recorded Investment			$ 445

LOANS RECEIVABLE AND ALLOWANC38

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details Narrative) - Number	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Loans Receivable And Allowance For Loan Losses Details Narrative
Number of modifications contracts	1	1	5	0
Number of contracts modifications subsequent default	1	1

FAIR VALUE OF FINANCIAL INSTR39

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	$ 117,486	$ 126,611
Other real estate owned	3,892	4,668	$ 7,404
State, county and municipal securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	28,592	29,693
Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	86,891	86,915
Corporate Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	2,003	10,003
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans	6,271	9,696
Fair Value, Inputs, Level 3 [Member] | Single Family Residential Mortgage [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans	324	229
Fair Value, Inputs, Level 3 [Member] | Other real estate owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans	3,892	4,668
Fair Value, Inputs, Level 3 [Member] | Construction and Development Portfolio Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans		219
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	117,486	126,611
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | State, county and municipal securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	28,592	29,693
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	86,891	86,915
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	2,003	10,003
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	117,486	126,611
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | State, county and municipal securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	28,592	29,693
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	86,891	86,915
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Corporate Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale:	2,003	10,003
Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans and Other real estate owned	10,487	14,812
Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans	6,271	9,696
Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Single Family Residential Mortgage [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans	324	229
Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Other real estate owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	3,892	4,668
Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Construction and Development Portfolio Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans		219
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans and Other real estate owned	10,487	14,812
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans	6,271	9,696
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Single Family Residential Mortgage [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans	324	229
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other real estate owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 3,892	4,668
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Construction and Development Portfolio Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired loans		$ 219

FAIR VALUE OF FINANCIAL INSTR40

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 2) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Commercial Real Estate Portfolio Segment [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Collateral Dependent Impaired loans	$ 6,271	$ 9,696
Commercial Real Estate Portfolio Segment [Member] | Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Negative adjustment for selling costs and changes in market conditions since appraisal (as a percent)	5.00%	5.00%
Commercial Real Estate Portfolio Segment [Member] | Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Negative adjustment for selling costs and changes in market conditions since appraisal (as a percent)	20.00%	20.00%
Single Family Residential Mortgage [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Collateral Dependent Impaired loans	$ 324	$ 229
Single Family Residential Mortgage [Member] | Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Negative adjustment for selling costs and changes in market conditions since appraisal (as a percent)	5.00%	5.00%
Single Family Residential Mortgage [Member] | Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Negative adjustment for selling costs and changes in market conditions since appraisal (as a percent)	20.00%	20.00%
Other real estate owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Collateral Dependent Impaired loans	$ 3,892	$ 4,668
Other real estate owned [Member] | Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Negative adjustment for selling costs and changes in market conditions since appraisal (as a percent)	5.00%	5.00%
Other real estate owned [Member] | Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Negative adjustment for selling costs and changes in market conditions since appraisal (as a percent)	20.00%	20.00%
Construction and Development Portfolio Segment [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Collateral Dependent Impaired loans		$ 219
Construction and Development Portfolio Segment [Member] | Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Negative adjustment for selling costs and changes in market conditions since appraisal (as a percent)		5.00%
Construction and Development Portfolio Segment [Member] | Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Negative adjustment for selling costs and changes in market conditions since appraisal (as a percent)		20.00%

FAIR VALUE OF FINANCIAL INSTR41

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 3) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financial assets:
Cash and due from banks	$ 2,849	$ 2,758
Interest-bearing deposits with banks	39,692	45,653
Federal funds sold	6,500
Certificates of deposit	350	350
Other investments	799	792
Loans-net	184,448	188,739
Cash surrender value of life insurance	10,021	10,082
Financial liabilities:
Deposits	325,421	340,889
Advances from Federal Home Loan Bank	240	254
Commitments to Extend Credit [Member]
Off-balance-sheet financial instruments:
Notional amount	$ 34,220	$ 26,833
Estimated fair value
Letter of Credit [Member]
Off-balance-sheet financial instruments:
Notional amount	$ 1,889	$ 2,027
Estimated fair value
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and due from banks	$ 2,849	$ 2,758
Interest-bearing deposits with banks	39,692	45,653
Federal funds sold	6,500
Certificates of deposit	$ 350	$ 350
Investment securities
Other investments	$ 799	$ 792
Loans-net
Cash surrender value of life insurance	$ 10,021	$ 10,082
Financial liabilities:
Deposits	$ 207,626	$ 201,994
Advances from Federal Home Loan Bank
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Cash and due from banks
Interest-bearing deposits with banks
Federal funds sold
Certificates of deposit
Investment securities	$ 117,486	$ 126,854
Other investments
Loans-net
Financial liabilities:
Deposits	$ 118,422	$ 139,725
Advances from Federal Home Loan Bank	$ 240	$ 254
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Cash and due from banks
Interest-bearing deposits with banks
Federal funds sold
Certificates of deposit
Investment securities
Other investments
Loans-net	$ 183,512	$ 188,195
Cash surrender value of life insurance
Financial liabilities:
Deposits
Advances from Federal Home Loan Bank
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Financial assets:
Cash and due from banks	$ 2,849	$ 2,758
Interest-bearing deposits with banks	39,692	45,653
Federal funds sold	6,500
Certificates of deposit	350	350
Investment securities	117,486	126,851
Other investments	799	792
Loans-net	184,448	188,739
Cash surrender value of life insurance	10,021	10,082
Financial liabilities:
Deposits	325,422	340,889
Advances from Federal Home Loan Bank	240	254
Estimate of Fair Value, Fair Value Disclosure [Member]
Financial assets:
Cash and due from banks	2,849	2,758
Interest-bearing deposits with banks	39,692	45,653
Federal funds sold	6,500
Certificates of deposit	350	350
Investment securities	117,486	126,854
Other investments	799	792
Loans-net	183,512	188,195
Cash surrender value of life insurance	10,021	10,082
Financial liabilities:
Deposits	326,048	341,719
Advances from Federal Home Loan Bank	$ 240	$ 254

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Transactions in other real estate owned
Balance-beginning of period	$ 4,668	$ 7,404	$ 7,404
Additions	143		1,201
Sales	(766)		(3,411)
Write downs	(153)	$ (309)	(526)
Balance-end of period	$ 3,892		$ 4,668

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Gross Carrying Amount, Goodwill	$ 362		$ 362		$ 362
Amortized intangible asset:
Gross Carrying Amount, Core deposit intangibles	3,303		3,303		3,303
Accumulated Amortization, Core deposit intangibles	3,067		3,067		$ 2,714
Aggregate amortization expense of core deposit intangibles	$ 118	$ 118	$ 354	$ 354

INTANGIBLE ASSETS (Details 1)

INTANGIBLE ASSETS (Details 1) $ in Thousands	Sep. 30, 2015USD ($)
Estimated aggregate amortization expense of core deposit intangibles
2,015	$ 472
2,016	$ 117
2017 and thereafter

NET INCOME PER COMMON AND COM45

NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE (Details 2) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net Income Per Common And Common Equivalent Share Details 2
Options excluded from calculation of diluted earnings per share	24,877	49,277	24,877	49,277
Dilutive options included in calculation of diluted earnings per share	16,500		16,500
Total number of options outstanding	41,377	49,277	41,377	49,277

NET INCOME PER COMMON AND COM46

NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE (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]
Potentially dilutive options excluding outstanding	16,500		16,500
Net Income (Numerator)
Basic earnings available to common stockholders	$ 361	$ 317	$ 1,018	$ 1,087
Nonvested restricted stock grant
Effect of dilutive securities: options to purchase common shares
Diluted earnings	$ 361	$ 317	$ 1,018	$ 1,087
Shares (Denominator)
Basic (in shares)	2,190	2,169	2,183	2,165
Nonvested restricted stock grant (in shares)	8	24	9	24
Effect of dilutive securities: options to purchase common shares (in shares)	17		17
Diluted (in shares)	2,215	2,193	2,209	2,189
Per Share Amount
Basic earnings per share available to common stockholders (in dollars per share)	$ 0.16	$ 0.15	$ 0.47	$ 0.5
Nonvested resticted stock grant (in dollars per share)		$ (0.01)	$ (0.01)
Effect of dilutive securities: options to purchase common shares (in dollars per shares)
Diluted earnings per share (in dollars per share)	$ 0.16	$ 0.14	$ 0.46	$ 0.5