Premier Financial Bancorp (PFBI) 10-Q 10 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	PREMIER FINANCIAL BANCORP INC
Entity Central Index Key	887,919
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		8,167,806
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 33,440	$ 35,147
Interest bearing bank balances	35,437	35,251
Federal funds sold	3,265	4,986
Cash and cash equivalents	72,142	75,384
Securities available for sale	226,077	229,750
Loans held for sale	0	226
Loans	883,873	879,711
Allowance for loan losses	(10,694)	(10,347)
Net loans	873,179	869,364
Federal Home Loan Bank stock, at cost	3,072	2,996
Premises and equipment, net	20,127	21,384
Real estate and other property acquired through foreclosure	11,349	12,208
Interest receivable	3,271	3,219
Goodwill	33,796	33,796
Other intangible assets	2,599	3,033
Other assets	1,394	1,464
Total assets	1,247,006	1,252,824
Deposits
Non-interest bearing	253,094	252,828
Time deposits, $250,000 and over	67,532	66,216
Other interest bearing	749,905	756,199
Total deposits	1,070,531	1,075,243
Securities sold under agreements to repurchase	15,307	15,580
Other borrowed funds	12,507	11,722
Interest payable	387	434
Other liabilities	3,836	4,063
Total liabilities	1,102,568	1,107,042
Stockholders' equity
Common stock, no par value; 20,000,000 shares authorized; 8,167,806 shares issued and outstanding at June 30, 2015, and 8,142,056 shares issued and outstanding at December 31, 2014	69,257	74,568
Retained earnings	73,868	69,719
Accumulated other comprehensive income (loss)	1,313	1,495
Total stockholders' equity	144,438	145,782
Total liabilities and stockholders' equity	$ 1,247,006	$ 1,252,824

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Stockholders' equity
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	8,167,806	8,142,056
Common stock, shares outstanding (in shares)	8,167,806	8,142,056

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Interest income
Loans, including fees	$ 11,641	$ 11,262	$ 23,306	$ 22,925
Securities available for sale
Taxable	1,206	1,400	2,463	2,715
Tax-exempt	56	63	111	98
Federal funds sold and other	52	64	88	96
Total interest income	12,955	12,789	25,968	25,834
Interest expense
Deposits	887	960	1,803	1,847
Repurchase agreements and other	9	9	19	16
Other borrowings	136	144	259	288
Total interest expense	1,032	1,113	2,081	2,151
Net interest income	11,923	11,676	23,887	23,683
Provision (credit) for loan losses	(146)	(79)	(77)	(389)
Net interest income after provision for loan losses	12,069	11,755	23,964	24,072
Non-interest income
Service charges on deposit accounts	914	899	1,792	1,638
Electronic banking income	702	655	1,346	1,150
Secondary market mortgage income	22	50	60	69
Other	124	179	269	307
Total non-interest income	1,762	1,783	3,467	3,164
Non-interest expenses
Salaries and employee benefits	4,475	4,873	8,816	8,857
Occupancy and equipment expenses	1,263	1,307	2,590	2,460
Outside data processing	1,075	1,029	2,171	1,898
Professional fees	179	209	308	745
Taxes, other than payroll, property and income	145	152	341	304
Write-downs, expenses, sales of other real estate owned, net	340	(488)	682	(394)
Amortization of intangibles	209	224	434	368
FDIC insurance	206	260	421	461
Other expenses	1,037	1,148	1,958	2,044
Total non-interest expenses	8,929	8,714	17,721	16,743
Income before income taxes	4,902	4,824	9,710	10,493
Provision for income taxes	1,775	1,724	3,441	3,723
Net income	3,127	3,100	6,269	6,770
Preferred stock dividends and accretion	0	(165)	0	(330)
Net income available to common stockholders	$ 3,127	$ 2,935	$ 6,269	$ 6,440
Net income per share:
Basic (in dollars per share)	$ 0.38	$ 0.36	$ 0.77	$ 0.80
Diluted (in dollars per share)	$ 0.37	$ 0.34	$ 0.74	$ 0.75

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) [Abstract]
Net income	$ 3,127	$ 3,100	$ 6,269	$ 6,770
Other comprehensive income (loss):
Unrealized gains (losses) arising during the period	(1,582)	741	(276)	3,459
Reclassification of realized amount	0	0	0	0
Net change in unrealized gain on securities	(1,582)	741	(276)	3,459
Less tax impact	538	(252)	94	(1,176)
Other comprehensive income (loss)	(1,044)	489	(182)	2,283
Comprehensive income	$ 2,083	$ 3,589	$ 6,087	$ 9,053

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities
Net income	$ 6,269	$ 6,770
Adjustments to reconcile net income to net cash from operating activities
Depreciation	874	735
Provision (credit) for loan losses	(77)	(389)
Amortization (accretion), net	307	484
OREO writedowns (gains on sales), net	254	(800)
Stock compensation expense	163	170
Loans originated for sale	(1,679)	(3,192)
Secondary market loans sold	1,941	2,851
Secondary market income	(38)	(69)
Changes in:
Interest receivable	(52)	417
Other assets	166	1,066
Interest payable	(47)	(56)
Other liabilities	(227)	174
Net cash from operating activities	7,854	8,161
Cash flows from investing activities
Purchases of securities available for sale	(30,705)	(34,453)
Proceeds from maturities and calls of securities available for sale	33,557	24,298
Purchase of FHLB stock	(76)	0
Redemption of FHLB stock	0	408
Net change in loans	(4,415)	1,605
Acquisition of subsidiary, net of cash received	0	40,973
Purchases of premises and equipment, net	(377)	(290)
Improvements to OREO property	(29)	(242)
Proceeds from sales of other real estate acquired through foreclosure	2,649	2,803
Net cash from investing activities	604	35,102
Cash flows from financing activities
Net change in deposits	(4,618)	(18,903)
Net change in agreements to repurchase securities	(273)	(316)
Repayment of other borrowed funds	(3,215)	(1,207)
Proceeds from other borrowings	4,000	0
Proceeds from stock option exercises	201	449
Purchase of warrant	(5,675)	0
Common stock dividends paid	(2,120)	(2,822)
Preferred stock dividends paid	0	(300)
Net cash from financing activities	(11,700)	(23,099)
Net change in cash and cash equivalents	(3,242)	20,164
Cash and cash equivalents at beginning of period	75,384	76,761
Cash and cash equivalents at end of period	72,142	96,925
Supplemental disclosures of cash flow information:
Cash paid during period for interest	2,128	2,207
Cash paid during period for income taxes	2,866	2,299
Loans transferred to real estate acquired through foreclosure	1,255	1,079
Premises transferred to other real estate owned	$ 760	$ 0

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2015
BASIS OF PRESENTATION [Abstract]
BASIS OF PRESENTATION	NOTE 1 - BASIS OF PRESENTATION The consolidated financial statements include the accounts of Premier Financial Bancorp, Inc. (the Company) and its wholly owned subsidiaries (the "Banks"): June 30, 2015 Year Total Net Income Subsidiary Location Acquired Assets Qtr YTD Citizens Deposit Bank & Trust Vanceburg, Kentucky 1991 $ 387,663 $ 931 $ 1,945 Premier Bank, Inc. Huntington, West Virginia 1998 853,078 2,702 5,275 Parent and Intercompany Eliminations 6,265 (506 ) (951 ) Consolidated Total $ 1,247,006 $ 3,127 $ 6,269 All significant intercompany transactions and balances have been eliminated. Recently Issued Accounting Pronouncements In January 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update 2014-04, Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force) In May 2014, FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606) In June 2014, FASB issued Accounting Standards Update 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures

SECURITIES

SECURITIES	6 Months Ended
	Jun. 30, 2015
SECURITIES [Abstract]
SECURITIES	NOTE 2 –SECURITIES Amortized cost and fair value of investment securities, by category, at June 30, 2015 are summarized as follows: Amortized Cost Unrealized Gains Unrealized Losses Fair Value Available for sale Mortgage-backed securities U. S. sponsored agency MBS - residential $ 76,141 $ 674 $ (399 ) $ 76,416 U. S. sponsored agency CMO's - residential 123,441 2,140 (704 ) 124,877 Total mortgage-backed securities of government sponsored agencies 199,582 2,814 (1,103 ) 201,293 U. S. government sponsored agency securities 14,463 98 - 14,561 Obligations of states and political subdivisions 10,044 197 (18 ) 10,223 Total available for sale $ 224,089 $ 3,109 $ (1,121 ) $ 226,077 Amortized cost and fair value of investment securities, by category, at December 31, 2014 are summarized as follows: Amortized Cost Unrealized Gains Unrealized Losses Fair Value Available for sale Mortgage-backed securities U. S. sponsored agency MBS - residential $ 52,006 $ 774 $ - $ 52,780 U. S. sponsored agency CMO's - residential 142,932 2,167 (911 ) 144,188 Total mortgage-backed securities of government sponsored agencies 194,938 2,941 (911 ) 196,968 U. S. government sponsored agency securities 22,553 30 (57 ) 22,506 Obligations of states and political subdivisions 10,015 261 - 10,276 Total available for sale $ 227,486 $ 3,232 $ (968 ) $ 229,750 The amortized cost and fair value of securities at June 30, 2015 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Fair Value Available for sale Due in one year or less $ 3,472 $ 3,489 Due after one year through five years 17,732 17,952 Due after five years through ten years 3,054 3,093 Due after ten years 249 250 Mortgage-backed securities of government sponsored agencies 199,582 201,293 Total available for sale $ 224,089 $ 226,077 There were no sales of securities during the first six months of 2015 nor the first six months of 2014. Securities with unrealized losses at June 30, 2015 aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows: Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S government sponsored agency MBS – residential $ 30,728 $ (399 ) $ - $ - $ 30,728 $ (399 ) U.S government sponsored agency CMO – residential 7,204 (91 ) 19,292 (613 ) 26,496 (704 ) Obligations of states and political subdivisions 911 (18 ) - - 911 (18 ) Total temporarily impaired $ 38,843 $ (508 ) $ 19,292 $ (613 ) $ 58,135 $ (1,121 ) Securities with unrealized losses at December 31, 2014 aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows: Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S government sponsored agency securities $ 9,971 $ (57 ) $ - $ - $ 9,971 $ (57 ) U.S government sponsored agency CMO's – residential 5,194 (52 ) 26,471 (859 ) 31,665 (911 ) Total temporarily impaired $ 15,165 $ (109 ) $ 26,471 $ (859 ) $ 41,636 $ (968 ) The investment portfolio is predominately high credit quality interest-bearing bonds with defined maturity dates backed by the U.S. Government or Government sponsored entities. The unrealized losses at June 30, 2015 and December 31, 2014 are price changes resulting from changes in the interest rate environment and are considered to be temporary declines in the value of the securities. Management does not intend to sell and it is likely that management will not be required to sell the securities prior to their anticipated recovery. Their fair value is expected to recover as the bonds approach their maturity date and/or market conditions improve.

LOANS

LOANS	6 Months Ended
	Jun. 30, 2015
LOANS [Abstract]
LOANS	NOTE 3 - LOANS Major classifications of loans at June 30, 2015 and December 31, 2014 are summarized as follows: 2015 2014 Residential real estate $ 282,923 $ 278,212 Multifamily real estate 37,112 30,310 Commercial real estate: Owner occupied 122,879 120,861 Non owner occupied 217,881 230,750 Commercial and industrial 76,193 85,943 Consumer 31,561 32,745 All other 115,324 100,890 $ 883,873 $ 879,711 Activity in the allowance for loan losses by portfolio segment for the six months ended June 30, 2015 was as follows: Loan Class Balance Dec 31, 2014 Provision (credit) for loan losses Loans charged-off Recoveries Balance June 30, 2015 Residential real estate $ 2,093 $ 372 $ 78 $ 79 $ 2,466 Multifamily real estate 304 208 - - 512 Commercial real estate: Owner occupied 1,501 (24 ) 2 1 1,476 Non owner occupied 2,316 (643 ) - 659 2,332 Commercial and industrial 1,444 (140 ) 169 4 1,139 Consumer 243 105 132 58 274 All other 2,446 45 112 116 2,495 Total $ 10,347 $ (77 ) $ 493 $ 917 $ 10,694 Activity in the allowance for loan losses by portfolio segment for the six months ending June 30, 2014 was as follows: Loan Class Balance Dec 31, 2013 Provision (credit) for loan losses Loans charged-off Recoveries Balance June 30, 2014 Residential real estate $ 2,694 $ (391 ) $ 171 $ 8 $ 2,140 Multifamily real estate 417 (106 ) - - 311 Commercial real estate: Owner occupied 1,407 39 82 - 1,364 Non owner occupied 2,037 556 323 - 2,270 Commercial and industrial 2,184 (616 ) 84 5 1,489 Consumer 297 (33 ) 59 27 232 All other 1,991 162 204 122 2,071 Total $ 11,027 $ (389 ) $ 923 $ 162 $ 9,877 Activity in the allowance for loan losses by portfolio segment for the three months ended June 30, 2015 was as follows: Loan Class Balance March 31, 2015 Provision (credit) for loan losses Loans charged-off Recoveries Balance June 30, 2015 Residential real estate $ 2,196 $ 218 $ 4 $ 56 $ 2,466 Multifamily real estate 287 225 - - 512 Commercial real estate: Owner occupied 1,489 (13 ) - - 1,476 Non owner occupied 2,324 (651 ) - 659 2,332 Commercial and industrial 1,450 (305 ) 8 2 1,139 Consumer 241 87 78 24 274 All other 2,183 293 53 72 2,495 Total $ 10,170 $ (146 ) $ 143 $ 813 $ 10,694 Activity in the allowance for loan losses by portfolio segment for the three months ending June 30, 2014 was as follows: Loan Class Balance March 31, 2014 Provision (credit) for loan losses Loans charged-off Recoveries Balance June 30, 2014 Residential real estate $ 2,250 $ 36 $ 152 $ 6 $ 2,140 Multifamily real estate 297 14 - - 311 Commercial real estate: Owner occupied 1,477 (32 ) 81 - 1,364 Non owner occupied 2,385 (92 ) 23 - 2,270 Commercial and industrial 1,527 (20 ) 21 3 1,489 Consumer 220 37 33 8 232 All other 2,188 (22 ) 167 72 2,071 Total $ 10,344 $ (79 ) $ 477 $ 89 $ 9,877 Purchased Impaired Loans The Company holds purchased loans for which there was, at their acquisition date, evidence of deterioration of credit quality since their origination and it was probable, at acquisition, that all contractually required payments would not be collected. The carrying amount of those loans is as follows at June 30, 2015 and December 31, 2014. 2015 2014 Multifamily real estate $ 460 $ 497 Commercial real estate Owner occupied 131 131 Non owner occupied 5,623 5,695 Commercial and industrial 126 136 All other 5,149 5,128 Total carrying amount $ 11,489 $ 11,587 Contractual principal balance $ 21,159 $ 21,250 Carrying amount, net of allowance $ 10,463 $ 10,639 For those purchased loans disclosed above, the Company did not increase the allowance for loan losses for the six months ended June 30, 2015, nor did it increase the allowance for loan losses for purchased impaired loans during the six months ended June 30, 2014. For the majority of these loans, the Company cannot reasonably estimate the cash flows expected to be collected on the loans and therefore has continued to account for those loans using the cost recovery method of income recognition. As such, no portion of a purchase discount adjustment has been determined to meet the definition of an accretable yield adjustment on those loans accounted for using the cost recovery method. If, in the future, cash flows from the borrower(s) can be reasonably estimated, a portion of the purchase discount would be allocated to an accretable yield adjustment based upon the present value of the future estimated cash flows versus the current carrying value of the loan and the accretable yield portion would be recognized as interest income over the remaining life of the loan. Until such accretable yield can be calculated, under the cost recovery method of income recognition, all payments will be used to reduce the carrying value of the loan and no income will be recognized on the loan until the carrying value is reduced to zero. Any loan accounted for under the cost recovery method is also still included as a non-accrual loan in the amounts presented in the tables below. The accretable yield, or income expected to be collected, on the purchased loans above is as follows at June 30, 2015 and June 30, 2014. 2015 2014 Balance at January 1 $ 204 $ 217 New loans purchased - - Accretion of income (10 ) (6 ) Reclassifications from non-accretable difference - - Disposals - - Balance at June 30 $ 194 $ 211 Past Due and Non-performing Loans The following tables present the recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans as of June 30, 2015 and December 31, 2014. The recorded investment in non-accrual loans is less than the principal owed on non-accrual loans due to discounts applied to the carrying value of the loan at time of their acquisition and interest payments made by the borrower which have been used to reduce the recorded investment in the loan rather than recognized as interest income. June 30, 2015 Principal Owed on Non-accrual Loans Recorded Investment in Non-accrual Loans Loans Past Due Over 90 Days, still accruing Residential real estate $ 2,507 $ 2,283 $ 378 Multifamily real estate 1,532 539 - Commercial real estate Owner occupied 807 737 8 Non owner occupied 1,960 1,689 1,820 Commercial and industrial 1,576 471 83 Consumer 98 80 - All other 12,635 5,183 - Total $ 21,115 $ 10,982 $ 2,289 December 31, 2014 Principal Owed on Non-accrual Loans Recorded Investment in Non-accrual Loans Loans Past Due Over 90 Days, still accruing Residential real estate $ 1,996 $ 1,768 $ 668 Multifamily real estate 1,803 1,033 564 Commercial real estate Owner occupied 2,115 1,928 - Non owner occupied 2,020 1,819 26 Commercial and industrial 2,012 806 8 Consumer 213 185 - All other 12,608 5,173 - Total $ 22,767 $ 12,712 $ 1,266 Nonaccrual loans and impaired loans are defined differently. Some loans may be included in both categories, and some may only be included in one category. Nonaccrual loans include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. The following table presents the aging of the recorded investment in past due loans as of June 30, 2015 by class of loans: Loan Class Total Loans 30-89 Days Past Due Greater than 90 days past due Total Past Due Loans Not Past Due Residential real estate $ 282,923 $ 5,862 $ 1,658 $ 7,520 $ 275,403 Multifamily real estate 37,112 460 79 539 36,573 Commercial real estate: Owner occupied 122,879 1,769 549 2,318 120,561 Non owner occupied 217,881 125 3,509 3,634 214,247 Commercial and industrial 76,193 1,737 348 2,085 74,108 Consumer 31,561 526 15 541 31,020 All other 115,324 13,591 5,149 18,740 96,584 Total $ 883,873 $ 24,070 $ 11,307 $ 35,377 $ 848,496 The following table presents the aging of the recorded investment in past due loans as of December 31, 2014 by class of loans: Loan Class Total Loans 30-89 Days Past Due Greater than 90 days past due Total Past Due Loans Not Past Due Residential real estate $ 278,212 $ 5,810 $ 1,706 $ 7,516 $ 270,696 Multifamily real estate 30,310 177 1,100 1,277 29,033 Commercial real estate: Owner occupied 120,861 250 1,530 1,780 119,081 Non owner occupied 230,750 2,173 1,670 3,843 226,907 Commercial and industrial 85,943 1,720 608 2,328 83,615 Consumer 32,745 497 71 568 32,177 All other 100,890 234 5,127 5,361 95,529 Total $ 879,711 $ 10,861 $ 11,812 $ 22,673 $ 857,038 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2015: Allowance for Loan Losses Loan Balances Loan Class Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Residential real estate $ 183 $ 2,283 $ - $ 2,466 $ 571 $ 282,352 $ - $ 282,923 Multifamily real estate - 512 - 512 79 36,573 460 37,112 Commercial real estate: Owner occupied 48 1,428 - 1,476 943 121,805 131 122,879 Non-owner occupied 29 2,303 - 2,332 4,396 207,862 5,623 217,881 Commercial and industrial 230 783 126 1,139 666 75,401 126 76,193 Consumer - 274 - 274 - 31,561 - 31,561 All other - 1,595 900 2,495 912 109,263 5,149 115,324 Total $ 490 $ 9,178 $ 1,026 $ 10,694 $ 7,567 $ 864,817 $ 11,489 $ 883,873 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2014: Allowance for Loan Losses Loan Balances Loan Class Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Residential real estate $ - $ 2,093 $ - $ 2,093 $ 137 $ 278,075 $ - $ 278,212 Multifamily real estate - 304 - 304 536 29,277 497 30,310 Commercial real estate: Owner occupied 107 1,394 - 1,501 2,011 118,719 131 120,861 Non-owner occupied 54 2,262 - 2,316 4,874 220,181 5,695 230,750 Commercial and industrial 291 1,105 48 1,444 902 84,905 136 85,943 Consumer - 243 - 243 - 32,745 - 32,745 All other - 1,546 900 2,446 1,109 94,653 5,128 100,890 Total $ 452 $ 8,947 $ 948 $ 10,347 $ 9,569 $ 858,555 $ 11,587 $ 879,711 In the tables below, total individually evaluated impaired loans include certain purchased loans that were acquired with deteriorated credit quality that are still individually evaluated for impairment. The following table presents loans individually evaluated for impairment by class of loans as of June 30, 2015. The table includes $5,658,000 of loans acquired with deteriorated credit quality that the Company cannot reasonably estimate cash flows such that they are accounted for on the cost recovery method and are still individually evaluated for impairment. Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With no related allowance recorded: Residential real estate $ 363 $ 325 $ - Multifamily real estate 1,532 539 - Commercial real estate Owner occupied 612 549 - Non owner occupied 4,049 3,778 - Commercial and industrial 1,193 417 - All other 967 912 - 8,716 6,520 - With an allowance recorded: Residential real estate $ 252 $ 246 $ 183 Commercial real estate Owner occupied 394 394 48 Non owner occupied 618 618 29 Commercial and industrial 651 375 356 All other 12,546 5,149 900 14,461 6,782 1,516 Total $ 23,177 $ 13,302 $ 1,516 The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2014. The table includes $5,673,000 of loans acquired with deteriorated credit quality that the Company cannot reasonably estimate cash flows such that they are accounted for on the cost recovery method and are still individually evaluated for impairment. Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With no related allowance recorded: Residential real estate $ 179 $ 137 $ - Multifamily real estate 1,803 1,033 - Commercial real estate Owner occupied 1,404 1,304 - Non owner occupied 4,398 4,190 - Commercial and industrial 1,030 270 - All other 1,144 1,108 - 9,958 8,042 - With an allowance recorded: Commercial real estate Owner occupied $ 707 $ 707 $ 107 Non owner occupied 684 684 54 Commercial and industrial 929 680 339 All other 12,525 5,129 900 14,845 7,200 1,400 Total $ 24,803 $ 15,242 $ 1,400 The following table presents the average balance of loans individually evaluated for impairment and interest income recognized on these loans for the six months ended June 30, 2015 and June 30, 2014. The table includes loans acquired with deteriorated credit quality that are still individually evaluated for impairment. Six months ended June 30, 2015 Six months ended June 30, 2014 Loan Class Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Residential real estate $ 281 $ 2 $ 2 $ 2,536 $ 61 $ 61 Multifamily real estate 1,377 14 14 2,586 727 727 Commercial real estate: Owner occupied 1,286 18 13 2,155 29 21 Non-owner occupied 4,665 94 82 800 627 627 Commercial and industrial 922 14 14 2,395 542 542 All other 6,150 30 28 7,603 81 81 Total $ 14,681 $ 172 $ 153 $ 18,075 $ 2,067 $ 2,059 The following table presents the average balance of loans individually evaluated for impairment and interest income recognized on these loans for the three months ended June 30, 2015 and June 30, 2014. The table includes loans acquired with deteriorated credit quality that are still individually evaluated for impairment. Three months ended June 30, 2015 Three months ended June 30, 2014 Loan Class Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Residential real estate $ 352 $ 1 $ 1 $ 2,318 $ 27 $ 27 Multifamily real estate 1,550 14 14 2,353 19 19 Commercial real estate: Owner occupied 922 9 5 1,983 14 10 Non-owner occupied 4,561 46 34 214 - - Commercial and industrial 908 10 10 1,265 9 9 All other 6,108 14 14 7,453 38 38 Total $ 14,401 $ 94 $ 78 $ 15,586 $ 107 $ 103 Troubled Debt Restructurings A loan is classified as a troubled debt restructuring ("TDR") when loan terms are modified due to a borrower's financial difficulties and a concession is granted to a borrower that would not have otherwise been considered. Most of the Company's loan modifications involve a restructuring of loan terms prior to maturity to temporarily reduce the payment amount and/or to require only interest for a temporary period, usually up to six months. These modifications generally do not meet the definition of a TDR because the modifications are considered to be an insignificant delay in payment. The determination of an insignificant delay in payment is evaluated based on the facts and circumstances of the individual borrower(s). The following table presents TDR's as of June 30, 2015 and December 31, 2014: June 30, 2015 TDR's on Non-accrual Other TDR's Total TDR's Residential real estate $ 9 $ 181 $ 190 Commercial real estate Non owner occupied - 464 464 Commercial and industrial - 417 417 All other - 886 886 Total $ 9 $ 1,948 $ 1,957 December 31, 2014 TDR's on Non-accrual Other TDR's Total TDR's Residential real estate $ 13 $ 191 $ 204 Commercial real estate Non owner occupied - 474 474 Commercial and industrial - 761 761 All other - 1,063 1,063 Total $ 13 $ 2,489 $ 2,502 At June 30, 2015 and December 31, 2014 there were no specific reserves allocated to loans that had restructured terms and there were no commitments to lend additional amounts on these loans. The following table presents TDR's that occurred during the six months ended June 30, 2015. There were no TDR's that occurred during the six months ended June 30, 2014. Six months ended June 30, 2015 Loan Class Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Multifamily Real Estate 1 $ 1,543 $ 1,543 Total 1 $ 1,543 $ 1,543 The modification of the multifamily residential real estate loan did not include a permanent reduction of the recorded investment in the loan and did not increase the allowance for loan losses during the period ended June 30, 2015. The modification included a lengthening of the amortization period and reduction in the stated interest rate, however the maturity date was reduced to the end of a fifteen month forbearance period with a balloon payment due at maturity. The modified loan paid in full during the three months ended June 30, 2015. During the three and six months ended June 30, 2015 and the three and six months ended June 30, 2014, there were no TDR's for which there as a payment default within twelve months following the modification. A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. Credit Quality Indicators: The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes non-homogeneous loans, such as commercial, commercial real estate, multifamily residential and commercial purpose loans secured residential real estate, on a monthly basis. For consumer loans, including consumer loans secured by residential real estate, the analysis involves monitoring the performing status of the loan. At the time such loans become past due by 30 days or more, the Company evaluates the loan to determine if a change in risk category is warranted. The Company uses the following definitions for risk ratings: Special Mention. Loans classified as special mention have a potential weakness that deserves management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution's credit position at some future date. Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. As of June 30, 2015 and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Loan Class Pass Special Mention Substandard Doubtful Total Loans Residential real estate $ 270,610 $ 5,125 $ 7,179 $ 9 $ 282,923 Multifamily real estate 32,287 4,286 539 - 37,112 Commercial real estate: Owner occupied 115,111 5,326 2,442 - 122,879 Non-owner occupied 209,695 888 7,298 - 217,881 Commercial and industrial 74,396 714 1,034 49 76,193 Consumer 31,175 245 141 - 31,561 All other 94,355 14,310 6,659 - 115,324 Total $ 827,629 $ 30,894 $ 25,292 $ 58 $ 883,873 As of December 31, 2014, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Loan Class Pass Special Mention Substandard Doubtful Total Loans Residential real estate $ 265,285 $ 8,292 $ 4,622 $ 13 $ 278,212 Multifamily real estate 27,260 2,017 1,033 - 30,310 Commercial real estate: Owner occupied 111,024 6,505 3,332 - 120,861 Non-owner occupied 218,971 6,652 5,127 - 230,750 Commercial and industrial 83,634 1,007 1,275 27 85,943 Consumer 32,364 267 114 - 32,745 All other 89,173 4,873 6,844 - 100,890 Total $ 827,711 $ 29,613 $ 22,347 $ 40 $ 879,711

STOCKHOLDERS' EQUITY AND REGULA

STOCKHOLDERS' EQUITY AND REGULATORY MATTERS	6 Months Ended
	Jun. 30, 2015
STOCKHOLDERS' EQUITY AND REGULATORY MATTERS [Abstract]
STOCKHOLDERS' EQUITY AND REGULATORY MATTERS	NOTE 4- STOCKHOLDERS' EQUITY AND REGULATORY MATTERS The Company's principal source of funds for dividend payments to shareholders is dividends received from the subsidiary Banks. Banking regulations limit the amount of dividends that may be paid without prior approval of regulatory agencies. Under these regulations, the amount of dividends that may be paid in any calendar year is limited to the current year's net profits, as defined, combined with the retained net profits of the preceding two years, subject to the capital requirements and additional restrictions as discussed below. During 2015 the Banks could, without prior approval, declare dividends to Premier of approximately $5.5 million plus any 2015 net profits retained to the date of the dividend declaration. The Company and the subsidiary Banks are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Banks must meet specific guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. These quantitative measures established by regulation to ensure capital adequacy require the Company and Banks to maintain minimum amounts and ratios (set forth in the following table) of Common Equity Tier 1 Capital, Tier 1 Capital and Total Capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 Capital (as defined) to average assets (as defined). The Common Equity Tier 1 Capital measurement became effective with the March 31, 2015 reporting period. Management believes, as of June 30, 2015 the Company and the Banks meet all quantitative capital adequacy requirements to which they are subject. Shown below is a summary of regulatory capital ratios for the Company: June 30, 2015 December 31, 2014 Regulatory Minimum Requirements (1) To Be Considered Well Capitalized (1) Common Equity Tier 1 Capital (to Risk-Weighted Assets) 12.5 % n/ a 4.5 % 6.5 % Tier 1 Capital (to Risk-Weighted Assets) (1) 12.5 % 13.3 % 6.0 % 8.0 % Total Capital (to Risk-Weighted Assets) 13.7 % 14.6 % 8.0 % 10.0 % Tier 1 Capital (to Average Assets) 9.1 % 9.1 % 4.0 % 5.0 % (1) The regulatory requirements presented in the table are effective as of January 1, 2015. At December 31, 2014, the minimum Tier 1 capital to risk-weighted assets ratio was 4.0% and to be considered well capitalized the ratio was required to be at least 6.0% As of June 30, 2015, the most recent notification from each of the Banks' primary Federal regulators categorized the subsidiary Banks as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Banks must maintain minimum Common Equity Tier 1 risk-based, Tier 1 risk-based, Total risk-based and Tier 1 leverage ratios as set forth in the preceding table. There are no conditions or events since that notification that management believes have changed the Banks' categories.

PREFERRED STOCK AND COMMON STOC

PREFERRED STOCK AND COMMON STOCK WARRANT	6 Months Ended
	Jun. 30, 2015
PREFERRED STOCK AND COMMON STOCK WARRANT [Abstract]
PREFERRED STOCK AND COMMON STOCK WARRANT	NOTE 5 – PREFERRED STOCK AND COMMON STOCK WARRANT On October 2, 2009, as part of the Troubled Asset Relief Program ("TARP") Capital Purchase Program, the Company entered into a Letter Agreement and Securities Purchase Agreement (collectively, the "Purchase Agreement") with the United States Department of the Treasury ("U.S. Treasury"). Pursuant to the Purchase Agreement, the Company issued and sold to the U.S. Treasury 22,252 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A, no par value, with a liquidation preference of one thousand dollars per share (the "Series A Preferred Stock") and a ten-year warrant (the "Warrant") to purchase 628,588 shares of the Company's common stock, no par value, at an exercise price of $5.31 per share, for an aggregate purchase price of $22,252,000 in cash. Under standardized TARP Capital Purchase Program terms, cumulative dividends on the Series A Preferred Stock accrued on the liquidation preference at a rate of 5% per annum until November 14, 2014. As of November 14, 2014, all of the 22,252 shares of the Series A Preferred Stock have been repurchased or redeemed. The Series A Preferred Stock had no maturity date and ranked senior to the Company's common stock with respect to the payment of dividends and distributions and amounts payable upon liquidation, dissolution and winding up of Premier. Under terms of the Warrant, the exercise price and the number of shares that can be purchased were adjusted based upon certain events including common stock dividends paid to shareholders that exceed the $0.11 per share regular quarterly dividend paid by Premier at the time the Warrant was issued. Due to dividends paid in 2015 and 2014 that were either special cash dividends or dividends that exceeded the $0.11 regular quarterly cash dividend per share defined in the terms of the Warrant, the Warrant was adjusted to permit the purchase of 636,378 shares of the Company's common stock at an exercise price of $5.25 per share. On May 6, 2015, Premier purchased the Warrant from the U.S. Treasury for $5,675,000. Premier borrowed $4,000,000 on its line of credit with the Bankers Bank of Kentucky and used $1,675,000 of its cash and cash equivalents to complete the purchase. The purchase reduced shareholders' equity and regulatory capital by the $5,675,000 purchase price but also reduced the dilutive effect of potential additional common shares. See Note 7 below for additional information on the calculation of diluted earnings per share.

STOCK COMPENSATION EXPENSE

STOCK COMPENSATION EXPENSE	6 Months Ended
	Jun. 30, 2015
STOCK COMPENSATION EXPENSE [Abstract]
STOCK COMPENSATION EXPENSE	NOTE 6 – STOCK COMPENSATION EXPENSE From time to time the Company grants stock options to its employees. The Company estimates the fair value of the options at the time they are granted to employees and expenses that fair value over the vesting period of the option grant. On March 18, 2015, 47,650 incentive stock options were granted out of the 2012 Long Term Incentive Plan at an exercise price of $14.72, the closing market price of Premier's common stock on the grant date. These options vest in three equal annual installments ending on March 18, 2018. On March 19, 2014, 46,300 incentive stock options were granted out of the 2012 Long Term Incentive Plan at an exercise price of $14.43, the closing market price of Premier's common stock on the grant date. These options vest in three equal annual installments ending on March 19, 2017. The fair value of the Company's employee stock options granted is estimated at the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that would otherwise have a significant effect on the value of employee stock options granted but are not considered by the model. The assumptions used in the Black-Scholes option-pricing model are as follows: 2015 2014 Risk-free interest rate 1.41 % 2.78 % Expected option life (yrs) 10.00 10.00 Expected stock price volatility 17.20 % 31.19 % Dividend yield 3.53 % 3.33 % Weighted average fair value of options granted $ 1.37 $ 3.74 The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield in effect at the time of the grant. The expected option life for the 2015 grant was based upon the weighted-average life of options exercised from January 1, 2012 through December 31, 2014. The expected option life for the 2014 grant was estimated since there had been little option exercise history at the time of the grant. The expected stock price volatility is based on historical volatilities of the Company's common stock. The dividend yield was estimated by annualizing the current quarterly dividend on the Company's common stock at the time of the option grant. On March 18, 2015, 7,000 shares of Premier's common stock were granted to President and CEO, Robert W. Walker as stock-based bonus compensation under the 2012 Long-term Incentive Plan. The fair value of the stock at the time of the grant was $14.72 per share based upon the closing price of Premier's stock on the date of grant and $103,000 of stock-based compensation was recorded as a result. On April 16, 2014, 6,000 shares of Premier's common stock were granted to Robert W. Walker as stock-based bonus compensation under the 2012 Long-term Incentive Plan. The fair value of the stock at the time of the grant was $14.20 per share based upon the closing price of Premier's stock of the date of grant and $85,000 of stock-based compensation was recorded as a result. Stock-based compensation expense of $163,000 was recorded for the first six months of 2015 compared to $170,000 for the first six months of 2014. For the three months ended June 30, $121,000 was recorded for 2015 while $128,000 was recorded for 2014. Stock-based compensation expense is recognized ratably over the requisite vesting period for all awards. Unrecognized stock-based compensation expense related to stock options totaled $98,000 at June 30, 2015. This unrecognized expense is expected to be recognized over the next 32 months based on the vesting periods of the options. A summary of the Company's stock option activity and related information is presented below for the six months ended June 30: - - - - - - 2015 - - - - - - - - - - - - 2014 - - - - - - Options Weighted Average Exercise Price Options Weighted Average Exercise Price Outstanding at beginning of year 273,942 $ 11.06 354,281 $ 9.84 Grants 47,650 14.72 46,300 14.43 Exercises (18,450 ) 10.87 (63,297 ) 8.45 Forfeitures or expired (16,733 ) 17.10 (8,133 ) 9.27 Outstanding at June 30, 286,409 $ 11.51 329,151 $ 10.77 Exercisable at June 30, 204,675 223,898 Weighted average remaining life of options outstanding 6.2 6.2 Weighted average fair value of options granted during the year $ 1.37 $ 3.74 Options outstanding at period-end are expected to fully vest. Additional information regarding stock options outstanding and exercisable at June 30, 2015, is provided in the following table: - - - - - - - - Outstanding - - - - - - - - - - - - - - - - Currently Exercisable - - - - - - - - Range of Exercise Prices Number Weighted Average Exercise Price Aggregate Intrinsic Value Number Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value $6.50 to $10.00 106,949 $ 7.56 $ 844 106,949 5.9 $ 7.56 $ 844 $10.01 to $12.50 36,000 11.39 146 23,374 7.7 11.39 95 $12.51 to $15.00 122,960 14.23 150 53,852 3.8 13.75 92 $15.01 to $17.50 20,500 16.00 - 20,500 0.6 16.00 - Outstanding - June 30, 2015 286,409 11.51 $ 1,140 204,675 5.0 10.47 $ 1,031

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2015
EARNINGS PER SHARE [Abstract]
EARNINGS PER SHARE	NOTE 7 – EARNINGS PER SHARE A reconciliation of the numerators and denominators of the earnings per common share and earnings per common share assuming dilution computations for the three and six months ended June 30, 2015 and 2014 is presented below: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Basic earnings per share Income available to common stockholders $ 3,127 $ 2,935 $ 6,269 $ 6,440 Weighted average common shares outstanding 8,157,785 8,079,629 8,150,596 8,061,522 Earnings per share $ 0.38 $ 0.36 $ 0.77 $ 0.80 Diluted earnings per share Income available to common stockholders $ 3,127 $ 2,935 $ 6,269 $ 6,440 Weighted average common shares outstanding 8,157,785 8,079,629 8,150,596 8,061,522 Add dilutive effects of potential additional common stock 230,145 502,839 358,336 504,519 Weighted average common and dilutive potential common shares outstanding 8,387,930 8,582,468 8,508,932 8,566,041 Earnings per share assuming dilution $ 0.37 $ 0.34 $ 0.74 $ 0.75 Stock options for 23,500 and 23,500 shares of common stock were not considered in computing diluted earnings per share for the six months ended June 30, 2015 and 2014 because they were antidilutive. Stock options for 23,500 and 23,500 shares of common stock were not considered in computing diluted earnings per share for the three months ended June 30, 2015 and 2014 because they were antidilutive.

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 2015
FAIR VALUE [Abstract]
FAIR VALUE	NOTE 8 – FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company's own assumptions about the assumptions that market participants would use in pricing an asset or liability. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to observable market data for similar assets and liabilities. However, certain assets and liabilities are not traded in observable markets and the Company must use other valuation methods to develop a fair value. Carrying amount is the estimated fair value for cash and due from banks, Federal funds sold, accrued interest receivable and payable, demand deposits, short-term debt, and variable rate loans or deposits that reprice frequently and fully. It was not practicable to determine the fair value of Federal Home Loan Bank stock due to the restrictions placed on its transferability. For fixed rate loans or deposits and for variable rate loans or deposits with infrequent repricing or repricing limits, fair value is based on discounted cash flows using current market rates applied to the estimated life and credit risk. Fair values for impaired loans are estimated using discounted cash flow analysis or underlying collateral values. Fair value of debt is based on current rates for similar financing. The fair value of commitments to extend credit and standby letters of credit is not material. The Company used the following methods and significant assumptions to estimate the fair value of each type of financial instrument measured on a recurring basis: Investment Securities: The fair values for investment securities are determined by quoted market prices, if available (Level 1). For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3). The carrying amounts and estimated fair values of financial instruments at June 30, 2015 were as follows: Fair Value Measurements at June 30, 2015 Using Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and due from banks $ 68,877 $ 68,877 $ - $ - $ 68,877 Federal funds sold 3,265 3,265 - - 3,265 Securities available for sale 226,077 - 226,077 - 226,077 Loans, net 873,179 - - 874,822 874,822 Federal Home Loan Bank stock 3,072 n/ a n/ a n/ a n/ a Interest receivable 3,271 - 584 2,687 3,271 Financial liabilities Deposits $ (1,070,531 ) $ (718,462 ) $ (350,961 ) $ - $ (1,069,423 ) Securities sold under agreements to repurchase (15,307 ) - (15,307 ) - (15,307 ) Other borrowed funds (12,507 ) - (12,539 ) - (12,539 ) Interest payable (387 ) (6 ) (381 ) - (387 ) The carrying amounts and estimated fair values of financial instruments at December 31, 2014 were as follows: Fair Value Measurements at December 31, 2014 Using Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and due from banks $ 70,398 $ 70,398 $ - $ - $ 70,398 Federal funds sold 4,986 4,986 - - 4,986 Securities available for sale 229,750 - 229,610 140 229,750 Loans held for sale 226 - - 226 226 Loans, net 869,364 - - 870,273 870,273 Federal Home Loan Bank stock 2,996 n/ a n/ a n/ a n/ a Interest receivable 3,219 - 625 2,594 3,219 Financial liabilities Deposits $ (1,075,243 ) $ (711,118 ) $ (363,481 ) $ - $ (1,074,599 ) Securities sold under agreements to repurchase (15,580 ) - (15,580 ) - (15,580 ) Other borrowed funds (11,722 ) - (11,760 ) - (11,760 ) Interest payable (434 ) (6 ) (428 ) - (434 ) Assets and Liabilities Measured on a Recurring Basis Assets and liabilities measured at fair value on a recurring basis are summarized below: Fair Value Measurements at June 30, 2015 Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale Mortgage-backed securities U. S. agency MBS - residential $ 76,416 $ - $ 76,416 $ - U. S. agency CMO's - residential 124,877 - 124,877 - Total mortgage-backed securities of government sponsored agencies 201,293 - 201,293 - U. S. government sponsored agency securities 14,561 - 14,561 - Obligations of states and political subdivisions 10,223 - 10,223 - Total available for sale $ 226,077 $ - $ 226,077 $ - Fair Value Measurements at December 31, 2014 Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale Mortgage-backed securities U. S. agency MBS - residential $ 52,780 $ - $ 52,780 $ - U. S. agency CMO's 144,188 - 144,188 - Total mortgage-backed securities of government sponsored agencies 196,968 - 196,968 - U. S. government sponsored agency securities 22,506 - 22,506 - Obligations of states and political subdivisions 10,276 - 10,136 140 Total securities available for sale $ 229,750 $ - $ 229,610 $ 140 Mortgage-backed securities There were no transfers between Level 1 and Level 2 during 2015 or 2014. The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the quarter ended June 30, 2015: Securities Available-for-sale Quarter Ended June 30, 2015 Balance of recurring Level 3 assets at beginning of period $ 140 Total gains or losses (realized/unrealized): Included in earnings – realized - Included in earnings – unrealized - Included in other comprehensive income - Purchases, sales, issuances and settlements, net (140 ) Transfers in and/or out of Level 3 - Balance of recurring Level 3 assets at period-end $ - Assets and Liabilities Measured on a Non-Recurring Basis The Company used the following methods and significant assumptions to estimate the fair value of each type of financial instrument measured on a non-recurring basis: Impaired Loans: The fair value of impaired loans with specific allocations of the allowance for loan losses 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 unique to each property and result in a Level 3 classification of the inputs for determining fair value. Management periodically evaluates the appraised values and will discount a property's appraised value to account for a number of factors including but not limited to the cost of liquidating the collateral, the age of the appraisal, observable deterioration since the appraisal, or other factors unique to the property. To the extent an adjusted appraised value is lower than the carrying value of an impaired loan, a specific allocation of the allowance for loan losses is assigned to the loan. Other real estate owned (OREO): The fair value of OREO is based on appraisals less cost to sell at the date of foreclosure. 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. Management periodically evaluates the appraised values and will discount a property's appraised value to account for a number of factors including but not limited to the cost of liquidating the collateral, the age of the appraisal, observable deterioration since the appraisal, or other factors unique to the property. To the extent an adjusted appraised value is lower than the carrying value of an OREO property, a direct charge to earnings is recorded as an OREO writedown. Assets and liabilities measured at fair value on a non-recurring basis at June 30, 2015 are summarized below: Fair Value Measurements at June 30, 2015 Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans: Residential real estate $ 63 $ - $ - $ 63 Commercial real estate: Owner occupied 346 - - 346 Non-owner occupied 589 - - 589 Commercial and industrial 19 - - 19 All other 4,249 - - 4,249 Total impaired loans $ 5,266 $ - $ - $ 5,266 Other real estate owned: Residential real estate $ 657 $ - $ - $ 657 Commercial real estate: Owner occupied 39 - - 39 Non-owner occupied 2,003 - - 2,003 All other 6,984 - - 6,984 Total OREO $ 9,683 $ - $ - $ 9,683 Impaired loans, which are measured for impairment using the fair value of the collateral for collateral dependent loans, had a carrying amount of $6,782,000 at June 30, 2015 with a valuation allowance of $1,516,000 and a carrying amount of $7,200,000 at December 31, 2014 with a valuation allowance of $1,400,000. The change resulted in a provision for loan losses of $117,000 for the six months ended June 30, 2015, compared to an $886,000 negative provision for loan losses for the six months ended June 30, 2104 and a $108,000 provision for loan losses for the three months ended June 30, 2015, compared to a $143,000 negative provision for loan losses for the three months ended June 30, 2014. The detail of impaired loans by loan class is contained in Note 3 above. Other real estate owned measured at fair value less costs to sell, had a net carrying amount of $9,683,000 which is made up of the outstanding balance of $11,785,000 net of a valuation allowance of $2,102,000 at June 30, 2015. There were $246,000 of additional write downs during the six months ended June 30, 2015, compared to $280,000 of additional write downs during the six months ended June 30, 2014. For the three months ended June 30, 2015 there were $70,000 of additional write downs compared to $280,000 of additional write downs during the three months ended June 30, 2014. At December 31, 2014, other real estate owned had a net carrying amount of $10,206,000, made up of the outstanding balance of $12,343,000, net of a valuation allowance of $2,137,000. The significant unobservable inputs related to assets and liabilities measured at fair value on a non-recurring basis at June 30, 2015 are summarized below: June 30, 2015 Valuation Techniques Unobservable Inputs Range (Weighted Avg) Impaired loans: Residential real estate $ 63 sales comparison adjustment for differences between the comparable sales 26.5%-26.5% (26.5%) Commercial real estate: Owner occupied 346 sales comparison adjustment for limited salability of specialized property 65.5%-72.4% (66.9%) Non-owner occupied 589 sales comparison adjustment for differences between the comparable sales 41.8%-41.8% (41.8%) Commercial and industrial 19 sales comparison adjustment for estimated realizable value 8.0%-8.0% (8.0%) All other 4,249 sales comparison adjustment for percentage of completion of construction 57.2%-57.2% (57.2%) Total impaired loans $ 5,266 Other real estate owned: Residential real estate $ 657 sales comparison adjustment for differences between the comparable sales 0.7%-35.5% (25.0%) Commercial real estate: Owner occupied 39 sales comparison adjustment for estimated realizable value 25.4%-25.4% (25.4%) Non-owner occupied 2,003 sales comparison adjustment for differences between the comparable sales 17.2%-17.2% (17.2%) All other 6,984 sales comparison adjustment for estimated realizable value 24.6%-67.4% (35.4%) Total OREO $ 9,683 Assets and liabilities measured at fair value on a non-recurring basis at December 31, 2014 are summarized below: Fair Value Measurements at December 31, 2014 Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans: Commercial real estate: Owner occupied $ 600 $ - $ - $ 600 Non-owner occupied 630 - - 630 Commercial and industrial 341 - - 341 All other 4,229 - - 4,229 Total impaired loans $ 5,800 $ - $ - $ 5,800 Other real estate owned: Commercial real estate: Non-owner occupied $ 2,003 $ - $ - $ 2,003 All other 8,203 - - 8,203 Total OREO $ 10,206 $ - $ - $ 10,206 The significant unobservable inputs related to assets and liabilities measured at fair value on a non-recurring basis at December 31, 2014 are summarized below: December 31, 2014 Valuation Techniques Unobservable Inputs Range (Weighted Avg) Impaired loans: Commercial Real Estate Owner Occupied $ 600 sales comparison adjustment for limited salability of specialized property 44.8%-72.4% (58.9%) Non-owner Occupied 630 sales comparison adjustment for differences between the comparable sales 16.9%-54.6% (16.9%) Commercial and Industrial 341 sales comparison adjustment for limited salability of specialized property 26.2%-41.2% (27.0%) All Other 4,229 sales comparison adjustment for percentage of completion of construction 57.3%-57.3% (57.3%) Total impaired loans $ 5,800 Other real estate owned: Commercial Real Estate Non-owner Occupied $ 2,003 sales comparison adjustment for differences between the comparable sales 17.8%-17.8% (17.8%) All Other 8,203 sales comparison adjustment for estimated realizable value 24.6%-50.3% (45.0%) Total OREO $ 10,206

SUBSEQUENT EVENT

SUBSEQUENT EVENT	6 Months Ended
	Jun. 30, 2015
SUBSEQUENT EVENT [Abstract]
SUBSEQUENT EVENT	NOTE 9 – SUBSEQUENT EVENT On July 6, 2015, Premier Financial Bancorp, Inc. ("Premier") entered into a material definitive merger agreement (the "Merger Agreement") with First National Bankshares Corporation ("First National"), a $261 million single bank holding company headquartered in Ronceverte, West Virginia whereby Premier will acquire First National in exchange for a combination of cash and Premier common stock currently valued at approximately $26.5 million. Under terms of the Merger Agreement, First National shareholders will be entitled to a combination of Premier common stock and cash currently valued at approximately $31.82 per First National share, or an aggregate value of $26.5 million, with Premier issuing approximately 1.4 million shares in the acquisition. The transaction, which is subject to satisfaction of various contractual conditions and requires approval by bank regulatory agencies and the shareholders of First National, is anticipated to close in the fourth quarter of 2015 with a systems conversion anticipated to be completed in the first quarter of 2016.

BASIS OF PRESENTATION (Tables)

BASIS OF PRESENTATION (Tables)	6 Months Ended
	Jun. 30, 2015
BASIS OF PRESENTATION [Abstract]
Accounts of the Company and its Wholly Owned Subsidiaries	The consolidated financial statements include the accounts of Premier Financial Bancorp, Inc. (the Company) and its wholly owned subsidiaries (the "Banks"): June 30, 2015 Year Total Net Income Subsidiary Location Acquired Assets Qtr YTD Citizens Deposit Bank & Trust Vanceburg, Kentucky 1991 $ 387,663 $ 931 $ 1,945 Premier Bank, Inc. Huntington, West Virginia 1998 853,078 2,702 5,275 Parent and Intercompany Eliminations 6,265 (506 ) (951 ) Consolidated Total $ 1,247,006 $ 3,127 $ 6,269

SECURITIES (Tables)

SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2015
SECURITIES [Abstract]
Amortized Cost and Fair Value of Investment Securities, by Category	Amortized cost and fair value of investment securities, by category, at June 30, 2015 are summarized as follows: Amortized Cost Unrealized Gains Unrealized Losses Fair Value Available for sale Mortgage-backed securities U. S. sponsored agency MBS - residential $ 76,141 $ 674 $ (399 ) $ 76,416 U. S. sponsored agency CMO's - residential 123,441 2,140 (704 ) 124,877 Total mortgage-backed securities of government sponsored agencies 199,582 2,814 (1,103 ) 201,293 U. S. government sponsored agency securities 14,463 98 - 14,561 Obligations of states and political subdivisions 10,044 197 (18 ) 10,223 Total available for sale $ 224,089 $ 3,109 $ (1,121 ) $ 226,077 Amortized cost and fair value of investment securities, by category, at December 31, 2014 are summarized as follows: Amortized Cost Unrealized Gains Unrealized Losses Fair Value Available for sale Mortgage-backed securities U. S. sponsored agency MBS - residential $ 52,006 $ 774 $ - $ 52,780 U. S. sponsored agency CMO's - residential 142,932 2,167 (911 ) 144,188 Total mortgage-backed securities of government sponsored agencies 194,938 2,941 (911 ) 196,968 U. S. government sponsored agency securities 22,553 30 (57 ) 22,506 Obligations of states and political subdivisions 10,015 261 - 10,276 Total available for sale $ 227,486 $ 3,232 $ (968 ) $ 229,750
Amortized Cost and Fair Value of Securities by Contractual Maturity	The amortized cost and fair value of securities at June 30, 2015 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Fair Value Available for sale Due in one year or less $ 3,472 $ 3,489 Due after one year through five years 17,732 17,952 Due after five years through ten years 3,054 3,093 Due after ten years 249 250 Mortgage-backed securities of government sponsored agencies 199,582 201,293 Total available for sale $ 224,089 $ 226,077
Securities in Continuous Unrealized Loss Position	Securities with unrealized losses at June 30, 2015 aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows: Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S government sponsored agency MBS – residential $ 30,728 $ (399 ) $ - $ - $ 30,728 $ (399 ) U.S government sponsored agency CMO – residential 7,204 (91 ) 19,292 (613 ) 26,496 (704 ) Obligations of states and political subdivisions 911 (18 ) - - 911 (18 ) Total temporarily impaired $ 38,843 $ (508 ) $ 19,292 $ (613 ) $ 58,135 $ (1,121 ) Securities with unrealized losses at December 31, 2014 aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows: Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S government sponsored agency securities $ 9,971 $ (57 ) $ - $ - $ 9,971 $ (57 ) U.S government sponsored agency CMO's – residential 5,194 (52 ) 26,471 (859 ) 31,665 (911 ) Total temporarily impaired $ 15,165 $ (109 ) $ 26,471 $ (859 ) $ 41,636 $ (968 )

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 2015
LOANS [Abstract]
Major Classifications of Loans	Major classifications of loans at June 30, 2015 and December 31, 2014 are summarized as follows: 2015 2014 Residential real estate $ 282,923 $ 278,212 Multifamily real estate 37,112 30,310 Commercial real estate: Owner occupied 122,879 120,861 Non owner occupied 217,881 230,750 Commercial and industrial 76,193 85,943 Consumer 31,561 32,745 All other 115,324 100,890 $ 883,873 $ 879,711
Activity in the Allowance for Loan Losses by Portfolio Segment	Activity in the allowance for loan losses by portfolio segment for the six months ended June 30, 2015 was as follows: Loan Class Balance Dec 31, 2014 Provision (credit) for loan losses Loans charged-off Recoveries Balance June 30, 2015 Residential real estate $ 2,093 $ 372 $ 78 $ 79 $ 2,466 Multifamily real estate 304 208 - - 512 Commercial real estate: Owner occupied 1,501 (24 ) 2 1 1,476 Non owner occupied 2,316 (643 ) - 659 2,332 Commercial and industrial 1,444 (140 ) 169 4 1,139 Consumer 243 105 132 58 274 All other 2,446 45 112 116 2,495 Total $ 10,347 $ (77 ) $ 493 $ 917 $ 10,694 Activity in the allowance for loan losses by portfolio segment for the six months ending June 30, 2014 was as follows: Loan Class Balance Dec 31, 2013 Provision (credit) for loan losses Loans charged-off Recoveries Balance June 30, 2014 Residential real estate $ 2,694 $ (391 ) $ 171 $ 8 $ 2,140 Multifamily real estate 417 (106 ) - - 311 Commercial real estate: Owner occupied 1,407 39 82 - 1,364 Non owner occupied 2,037 556 323 - 2,270 Commercial and industrial 2,184 (616 ) 84 5 1,489 Consumer 297 (33 ) 59 27 232 All other 1,991 162 204 122 2,071 Total $ 11,027 $ (389 ) $ 923 $ 162 $ 9,877 Activity in the allowance for loan losses by portfolio segment for the three months ended June 30, 2015 was as follows: Loan Class Balance March 31, 2015 Provision (credit) for loan losses Loans charged-off Recoveries Balance June 30, 2015 Residential real estate $ 2,196 $ 218 $ 4 $ 56 $ 2,466 Multifamily real estate 287 225 - - 512 Commercial real estate: Owner occupied 1,489 (13 ) - - 1,476 Non owner occupied 2,324 (651 ) - 659 2,332 Commercial and industrial 1,450 (305 ) 8 2 1,139 Consumer 241 87 78 24 274 All other 2,183 293 53 72 2,495 Total $ 10,170 $ (146 ) $ 143 $ 813 $ 10,694 Activity in the allowance for loan losses by portfolio segment for the three months ending June 30, 2014 was as follows: Loan Class Balance March 31, 2014 Provision (credit) for loan losses Loans charged-off Recoveries Balance June 30, 2014 Residential real estate $ 2,250 $ 36 $ 152 $ 6 $ 2,140 Multifamily real estate 297 14 - - 311 Commercial real estate: Owner occupied 1,477 (32 ) 81 - 1,364 Non owner occupied 2,385 (92 ) 23 - 2,270 Commercial and industrial 1,527 (20 ) 21 3 1,489 Consumer 220 37 33 8 232 All other 2,188 (22 ) 167 72 2,071 Total $ 10,344 $ (79 ) $ 477 $ 89 $ 9,877
Purchased Loans	The carrying amount of those loans is as follows at June 30, 2015 and December 31, 2014. 2015 2014 Multifamily real estate $ 460 $ 497 Commercial real estate Owner occupied 131 131 Non owner occupied 5,623 5,695 Commercial and industrial 126 136 All other 5,149 5,128 Total carrying amount $ 11,489 $ 11,587 Contractual principal balance $ 21,159 $ 21,250 Carrying amount, net of allowance $ 10,463 $ 10,639
Purchase Loans Accretable Yield, or Income Expected to be Collected	The accretable yield, or income expected to be collected, on the purchased loans above is as follows at June 30, 2015 and June 30, 2014. 2015 2014 Balance at January 1 $ 204 $ 217 New loans purchased - - Accretion of income (10 ) (6 ) Reclassifications from non-accretable difference - - Disposals - - Balance at June 30 $ 194 $ 211
Past Due and Non-performing Loans	The following tables present the recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans as of June 30, 2015 and December 31, 2014. The recorded investment in non-accrual loans is less than the principal owed on non-accrual loans due to discounts applied to the carrying value of the loan at time of their acquisition and interest payments made by the borrower which have been used to reduce the recorded investment in the loan rather than recognized as interest income. June 30, 2015 Principal Owed on Non-accrual Loans Recorded Investment in Non-accrual Loans Loans Past Due Over 90 Days, still accruing Residential real estate $ 2,507 $ 2,283 $ 378 Multifamily real estate 1,532 539 - Commercial real estate Owner occupied 807 737 8 Non owner occupied 1,960 1,689 1,820 Commercial and industrial 1,576 471 83 Consumer 98 80 - All other 12,635 5,183 - Total $ 21,115 $ 10,982 $ 2,289 December 31, 2014 Principal Owed on Non-accrual Loans Recorded Investment in Non-accrual Loans Loans Past Due Over 90 Days, still accruing Residential real estate $ 1,996 $ 1,768 $ 668 Multifamily real estate 1,803 1,033 564 Commercial real estate Owner occupied 2,115 1,928 - Non owner occupied 2,020 1,819 26 Commercial and industrial 2,012 806 8 Consumer 213 185 - All other 12,608 5,173 - Total $ 22,767 $ 12,712 $ 1,266
Aging of Recorded Investment in Past Due Loans by Loan Class	The following table presents the aging of the recorded investment in past due loans as of June 30, 2015 by class of loans: Loan Class Total Loans 30-89 Days Past Due Greater than 90 days past due Total Past Due Loans Not Past Due Residential real estate $ 282,923 $ 5,862 $ 1,658 $ 7,520 $ 275,403 Multifamily real estate 37,112 460 79 539 36,573 Commercial real estate: Owner occupied 122,879 1,769 549 2,318 120,561 Non owner occupied 217,881 125 3,509 3,634 214,247 Commercial and industrial 76,193 1,737 348 2,085 74,108 Consumer 31,561 526 15 541 31,020 All other 115,324 13,591 5,149 18,740 96,584 Total $ 883,873 $ 24,070 $ 11,307 $ 35,377 $ 848,496 The following table presents the aging of the recorded investment in past due loans as of December 31, 2014 by class of loans: Loan Class Total Loans 30-89 Days Past Due Greater than 90 days past due Total Past Due Loans Not Past Due Residential real estate $ 278,212 $ 5,810 $ 1,706 $ 7,516 $ 270,696 Multifamily real estate 30,310 177 1,100 1,277 29,033 Commercial real estate: Owner occupied 120,861 250 1,530 1,780 119,081 Non owner occupied 230,750 2,173 1,670 3,843 226,907 Commercial and industrial 85,943 1,720 608 2,328 83,615 Consumer 32,745 497 71 568 32,177 All other 100,890 234 5,127 5,361 95,529 Total $ 879,711 $ 10,861 $ 11,812 $ 22,673 $ 857,038
Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment Based on Impairment Method	The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2015: Allowance for Loan Losses Loan Balances Loan Class Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Residential real estate $ 183 $ 2,283 $ - $ 2,466 $ 571 $ 282,352 $ - $ 282,923 Multifamily real estate - 512 - 512 79 36,573 460 37,112 Commercial real estate: Owner occupied 48 1,428 - 1,476 943 121,805 131 122,879 Non-owner occupied 29 2,303 - 2,332 4,396 207,862 5,623 217,881 Commercial and industrial 230 783 126 1,139 666 75,401 126 76,193 Consumer - 274 - 274 - 31,561 - 31,561 All other - 1,595 900 2,495 912 109,263 5,149 115,324 Total $ 490 $ 9,178 $ 1,026 $ 10,694 $ 7,567 $ 864,817 $ 11,489 $ 883,873 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2014: Allowance for Loan Losses Loan Balances Loan Class Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Residential real estate $ - $ 2,093 $ - $ 2,093 $ 137 $ 278,075 $ - $ 278,212 Multifamily real estate - 304 - 304 536 29,277 497 30,310 Commercial real estate: Owner occupied 107 1,394 - 1,501 2,011 118,719 131 120,861 Non-owner occupied 54 2,262 - 2,316 4,874 220,181 5,695 230,750 Commercial and industrial 291 1,105 48 1,444 902 84,905 136 85,943 Consumer - 243 - 243 - 32,745 - 32,745 All other - 1,546 900 2,446 1,109 94,653 5,128 100,890 Total $ 452 $ 8,947 $ 948 $ 10,347 $ 9,569 $ 858,555 $ 11,587 $ 879,711
Loans Individually Evaluated for Impairment by Class of Loans	The following table presents loans individually evaluated for impairment by class of loans as of June 30, 2015. The table includes $5,658,000 of loans acquired with deteriorated credit quality that the Company cannot reasonably estimate cash flows such that they are accounted for on the cost recovery method and are still individually evaluated for impairment. Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With no related allowance recorded: Residential real estate $ 363 $ 325 $ - Multifamily real estate 1,532 539 - Commercial real estate Owner occupied 612 549 - Non owner occupied 4,049 3,778 - Commercial and industrial 1,193 417 - All other 967 912 - 8,716 6,520 - With an allowance recorded: Residential real estate $ 252 $ 246 $ 183 Commercial real estate Owner occupied 394 394 48 Non owner occupied 618 618 29 Commercial and industrial 651 375 356 All other 12,546 5,149 900 14,461 6,782 1,516 Total $ 23,177 $ 13,302 $ 1,516 The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2014. The table includes $5,673,000 of loans acquired with deteriorated credit quality that the Company cannot reasonably estimate cash flows such that they are accounted for on the cost recovery method and are still individually evaluated for impairment. Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With no related allowance recorded: Residential real estate $ 179 $ 137 $ - Multifamily real estate 1,803 1,033 - Commercial real estate Owner occupied 1,404 1,304 - Non owner occupied 4,398 4,190 - Commercial and industrial 1,030 270 - All other 1,144 1,108 - 9,958 8,042 - With an allowance recorded: Commercial real estate Owner occupied $ 707 $ 707 $ 107 Non owner occupied 684 684 54 Commercial and industrial 929 680 339 All other 12,525 5,129 900 14,845 7,200 1,400 Total $ 24,803 $ 15,242 $ 1,400
The Average Balance of Loans Individually Evaluated for Impairment and Interest Income Recognized	The following table presents the average balance of loans individually evaluated for impairment and interest income recognized on these loans for the six months ended June 30, 2015 and June 30, 2014. The table includes loans acquired with deteriorated credit quality that are still individually evaluated for impairment. Six months ended June 30, 2015 Six months ended June 30, 2014 Loan Class Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Residential real estate $ 281 $ 2 $ 2 $ 2,536 $ 61 $ 61 Multifamily real estate 1,377 14 14 2,586 727 727 Commercial real estate: Owner occupied 1,286 18 13 2,155 29 21 Non-owner occupied 4,665 94 82 800 627 627 Commercial and industrial 922 14 14 2,395 542 542 All other 6,150 30 28 7,603 81 81 Total $ 14,681 $ 172 $ 153 $ 18,075 $ 2,067 $ 2,059 The following table presents the average balance of loans individually evaluated for impairment and interest income recognized on these loans for the three months ended June 30, 2015 and June 30, 2014. The table includes loans acquired with deteriorated credit quality that are still individually evaluated for impairment. Three months ended June 30, 2015 Three months ended June 30, 2014 Loan Class Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Residential real estate $ 352 $ 1 $ 1 $ 2,318 $ 27 $ 27 Multifamily real estate 1,550 14 14 2,353 19 19 Commercial real estate: Owner occupied 922 9 5 1,983 14 10 Non-owner occupied 4,561 46 34 214 - - Commercial and industrial 908 10 10 1,265 9 9 All other 6,108 14 14 7,453 38 38 Total $ 14,401 $ 94 $ 78 $ 15,586 $ 107 $ 103
Troubled Debt Restructurings	The following table presents TDR's as of June 30, 2015 and December 31, 2014: June 30, 2015 TDR's on Non-accrual Other TDR's Total TDR's Residential real estate $ 9 $ 181 $ 190 Commercial real estate Non owner occupied - 464 464 Commercial and industrial - 417 417 All other - 886 886 Total $ 9 $ 1,948 $ 1,957 December 31, 2014 TDR's on Non-accrual Other TDR's Total TDR's Residential real estate $ 13 $ 191 $ 204 Commercial real estate Non owner occupied - 474 474 Commercial and industrial - 761 761 All other - 1,063 1,063 Total $ 13 $ 2,489 $ 2,502
Troubled Debt Restructuring During the Period	The following table presents TDR's that occurred during the six months ended June 30, 2015. There were no TDR's that occurred during the six months ended June 30, 2014. Six months ended June 30, 2015 Loan Class Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Multifamily Real Estate 1 $ 1,543 $ 1,543 Total 1 $ 1,543 $ 1,543
Risk Category of Loans by Class of Loans	As of June 30, 2015 and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Loan Class Pass Special Mention Substandard Doubtful Total Loans Residential real estate $ 270,610 $ 5,125 $ 7,179 $ 9 $ 282,923 Multifamily real estate 32,287 4,286 539 - 37,112 Commercial real estate: Owner occupied 115,111 5,326 2,442 - 122,879 Non-owner occupied 209,695 888 7,298 - 217,881 Commercial and industrial 74,396 714 1,034 49 76,193 Consumer 31,175 245 141 - 31,561 All other 94,355 14,310 6,659 - 115,324 Total $ 827,629 $ 30,894 $ 25,292 $ 58 $ 883,873 As of December 31, 2014, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Loan Class Pass Special Mention Substandard Doubtful Total Loans Residential real estate $ 265,285 $ 8,292 $ 4,622 $ 13 $ 278,212 Multifamily real estate 27,260 2,017 1,033 - 30,310 Commercial real estate: Owner occupied 111,024 6,505 3,332 - 120,861 Non-owner occupied 218,971 6,652 5,127 - 230,750 Commercial and industrial 83,634 1,007 1,275 27 85,943 Consumer 32,364 267 114 - 32,745 All other 89,173 4,873 6,844 - 100,890 Total $ 827,711 $ 29,613 $ 22,347 $ 40 $ 879,711

STOCKHOLDERS' EQUITY AND REGU19

STOCKHOLDERS' EQUITY AND REGULATORY MATTERS (Tables)	6 Months Ended
	Jun. 30, 2015
STOCKHOLDERS' EQUITY AND REGULATORY MATTERS [Abstract]
Summary of Regulatory Capital Ratios	Shown below is a summary of regulatory capital ratios for the Company: June 30, 2015 December 31, 2014 Regulatory Minimum Requirements (1) To Be Considered Well Capitalized (1) Common Equity Tier 1 Capital (to Risk-Weighted Assets) 12.5 % n/ a 4.5 % 6.5 % Tier 1 Capital (to Risk-Weighted Assets) (1) 12.5 % 13.3 % 6.0 % 8.0 % Total Capital (to Risk-Weighted Assets) 13.7 % 14.6 % 8.0 % 10.0 % Tier 1 Capital (to Average Assets) 9.1 % 9.1 % 4.0 % 5.0 % (1) The regulatory requirements presented in the table are effective as of January 1, 2015. At December 31, 2014, the minimum Tier 1 capital to risk-weighted assets ratio was 4.0% and to be considered well capitalized the ratio was required to be at least 6.0%

STOCK COMPENSATION EXPENSE (Tab

STOCK COMPENSATION EXPENSE (Tables)	6 Months Ended
	Jun. 30, 2015
STOCK COMPENSATION EXPENSE [Abstract]
Assumption Used in the Black-Scholes Option-pricing Model	The assumptions used in the Black-Scholes option-pricing model are as follows: 2015 2014 Risk-free interest rate 1.41 % 2.78 % Expected option life (yrs) 10.00 10.00 Expected stock price volatility 17.20 % 31.19 % Dividend yield 3.53 % 3.33 % Weighted average fair value of options granted $ 1.37 $ 3.74
Summary of Stock Option Activity	A summary of the Company's stock option activity and related information is presented below for the six months ended June 30: - - - - - - 2015 - - - - - - - - - - - - 2014 - - - - - - Options Weighted Average Exercise Price Options Weighted Average Exercise Price Outstanding at beginning of year 273,942 $ 11.06 354,281 $ 9.84 Grants 47,650 14.72 46,300 14.43 Exercises (18,450 ) 10.87 (63,297 ) 8.45 Forfeitures or expired (16,733 ) 17.10 (8,133 ) 9.27 Outstanding at June 30, 286,409 $ 11.51 329,151 $ 10.77 Exercisable at June 30, 204,675 223,898 Weighted average remaining life of options outstanding 6.2 6.2 Weighted average fair value of options granted during the year $ 1.37 $ 3.74
Stock Option Activity by Range of Exercise Prices	Additional information regarding stock options outstanding and exercisable at June 30, 2015, is provided in the following table: - - - - - - - - Outstanding - - - - - - - - - - - - - - - - Currently Exercisable - - - - - - - - Range of Exercise Prices Number Weighted Average Exercise Price Aggregate Intrinsic Value Number Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value $6.50 to $10.00 106,949 $ 7.56 $ 844 106,949 5.9 $ 7.56 $ 844 $10.01 to $12.50 36,000 11.39 146 23,374 7.7 11.39 95 $12.51 to $15.00 122,960 14.23 150 53,852 3.8 13.75 92 $15.01 to $17.50 20,500 16.00 - 20,500 0.6 16.00 - Outstanding - June 30, 2015 286,409 11.51 $ 1,140 204,675 5.0 10.47 $ 1,031

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2015
EARNINGS PER SHARE [Abstract]
Reconciliation of Numerators and Denominators of the Earnings Per Share	A reconciliation of the numerators and denominators of the earnings per common share and earnings per common share assuming dilution computations for the three and six months ended June 30, 2015 and 2014 is presented below: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Basic earnings per share Income available to common stockholders $ 3,127 $ 2,935 $ 6,269 $ 6,440 Weighted average common shares outstanding 8,157,785 8,079,629 8,150,596 8,061,522 Earnings per share $ 0.38 $ 0.36 $ 0.77 $ 0.80 Diluted earnings per share Income available to common stockholders $ 3,127 $ 2,935 $ 6,269 $ 6,440 Weighted average common shares outstanding 8,157,785 8,079,629 8,150,596 8,061,522 Add dilutive effects of potential additional common stock 230,145 502,839 358,336 504,519 Weighted average common and dilutive potential common shares outstanding 8,387,930 8,582,468 8,508,932 8,566,041 Earnings per share assuming dilution $ 0.37 $ 0.34 $ 0.74 $ 0.75

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Jun. 30, 2015
FAIR VALUE [Abstract]
Carrying Amounts and Estimated Fair Values of Financial Instruments	The carrying amounts and estimated fair values of financial instruments at June 30, 2015 were as follows: Fair Value Measurements at June 30, 2015 Using Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and due from banks $ 68,877 $ 68,877 $ - $ - $ 68,877 Federal funds sold 3,265 3,265 - - 3,265 Securities available for sale 226,077 - 226,077 - 226,077 Loans, net 873,179 - - 874,822 874,822 Federal Home Loan Bank stock 3,072 n/ a n/ a n/ a n/ a Interest receivable 3,271 - 584 2,687 3,271 Financial liabilities Deposits $ (1,070,531 ) $ (718,462 ) $ (350,961 ) $ - $ (1,069,423 ) Securities sold under agreements to repurchase (15,307 ) - (15,307 ) - (15,307 ) Other borrowed funds (12,507 ) - (12,539 ) - (12,539 ) Interest payable (387 ) (6 ) (381 ) - (387 ) The carrying amounts and estimated fair values of financial instruments at December 31, 2014 were as follows: Fair Value Measurements at December 31, 2014 Using Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and due from banks $ 70,398 $ 70,398 $ - $ - $ 70,398 Federal funds sold 4,986 4,986 - - 4,986 Securities available for sale 229,750 - 229,610 140 229,750 Loans held for sale 226 - - 226 226 Loans, net 869,364 - - 870,273 870,273 Federal Home Loan Bank stock 2,996 n/ a n/ a n/ a n/ a Interest receivable 3,219 - 625 2,594 3,219 Financial liabilities Deposits $ (1,075,243 ) $ (711,118 ) $ (363,481 ) $ - $ (1,074,599 ) Securities sold under agreements to repurchase (15,580 ) - (15,580 ) - (15,580 ) Other borrowed funds (11,722 ) - (11,760 ) - (11,760 ) Interest payable (434 ) (6 ) (428 ) - (434 )
Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and liabilities measured at fair value on a recurring basis are summarized below: Fair Value Measurements at June 30, 2015 Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale Mortgage-backed securities U. S. agency MBS - residential $ 76,416 $ - $ 76,416 $ - U. S. agency CMO's - residential 124,877 - 124,877 - Total mortgage-backed securities of government sponsored agencies 201,293 - 201,293 - U. S. government sponsored agency securities 14,561 - 14,561 - Obligations of states and political subdivisions 10,223 - 10,223 - Total available for sale $ 226,077 $ - $ 226,077 $ - Fair Value Measurements at December 31, 2014 Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale Mortgage-backed securities U. S. agency MBS - residential $ 52,780 $ - $ 52,780 $ - U. S. agency CMO's 144,188 - 144,188 - Total mortgage-backed securities of government sponsored agencies 196,968 - 196,968 - U. S. government sponsored agency securities 22,506 - 22,506 - Obligations of states and political subdivisions 10,276 - 10,136 140 Total securities available for sale $ 229,750 $ - $ 229,610 $ 140 Mortgage-backed securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the quarter ended June 30, 2015: Securities Available-for-sale Quarter Ended June 30, 2015 Balance of recurring Level 3 assets at beginning of period $ 140 Total gains or losses (realized/unrealized): Included in earnings – realized - Included in earnings – unrealized - Included in other comprehensive income - Purchases, sales, issuances and settlements, net (140 ) Transfers in and/or out of Level 3 - Balance of recurring Level 3 assets at period-end $ -
Assets and Liabilities Measured at Fair Value on a Non-recurring Basis	Assets and liabilities measured at fair value on a non-recurring basis at June 30, 2015 are summarized below: Fair Value Measurements at June 30, 2015 Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans: Residential real estate $ 63 $ - $ - $ 63 Commercial real estate: Owner occupied 346 - - 346 Non-owner occupied 589 - - 589 Commercial and industrial 19 - - 19 All other 4,249 - - 4,249 Total impaired loans $ 5,266 $ - $ - $ 5,266 Other real estate owned: Residential real estate $ 657 $ - $ - $ 657 Commercial real estate: Owner occupied 39 - - 39 Non-owner occupied 2,003 - - 2,003 All other 6,984 - - 6,984 Total OREO $ 9,683 $ - $ - $ 9,683 Assets and liabilities measured at fair value on a non-recurring basis at December 31, 2014 are summarized below: Fair Value Measurements at December 31, 2014 Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans: Commercial real estate: Owner occupied $ 600 $ - $ - $ 600 Non-owner occupied 630 - - 630 Commercial and industrial 341 - - 341 All other 4,229 - - 4,229 Total impaired loans $ 5,800 $ - $ - $ 5,800 Other real estate owned: Commercial real estate: Non-owner occupied $ 2,003 $ - $ - $ 2,003 All other 8,203 - - 8,203 Total OREO $ 10,206 $ - $ - $ 10,206
Fair Value Inputs, Assets, Quantitative Information	The significant unobservable inputs related to assets and liabilities measured at fair value on a non-recurring basis at June 30, 2015 are summarized below: June 30, 2015 Valuation Techniques Unobservable Inputs Range (Weighted Avg) Impaired loans: Residential real estate $ 63 sales comparison adjustment for differences between the comparable sales 26.5%-26.5% (26.5%) Commercial real estate: Owner occupied 346 sales comparison adjustment for limited salability of specialized property 65.5%-72.4% (66.9%) Non-owner occupied 589 sales comparison adjustment for differences between the comparable sales 41.8%-41.8% (41.8%) Commercial and industrial 19 sales comparison adjustment for estimated realizable value 8.0%-8.0% (8.0%) All other 4,249 sales comparison adjustment for percentage of completion of construction 57.2%-57.2% (57.2%) Total impaired loans $ 5,266 Other real estate owned: Residential real estate $ 657 sales comparison adjustment for differences between the comparable sales 0.7%-35.5% (25.0%) Commercial real estate: Owner occupied 39 sales comparison adjustment for estimated realizable value 25.4%-25.4% (25.4%) Non-owner occupied 2,003 sales comparison adjustment for differences between the comparable sales 17.2%-17.2% (17.2%) All other 6,984 sales comparison adjustment for estimated realizable value 24.6%-67.4% (35.4%) Total OREO $ 9,683 The significant unobservable inputs related to assets and liabilities measured at fair value on a non-recurring basis at December 31, 2014 are summarized below: December 31, 2014 Valuation Techniques Unobservable Inputs Range (Weighted Avg) Impaired loans: Commercial Real Estate Owner Occupied $ 600 sales comparison adjustment for limited salability of specialized property 44.8%-72.4% (58.9%) Non-owner Occupied 630 sales comparison adjustment for differences between the comparable sales 16.9%-54.6% (16.9%) Commercial and Industrial 341 sales comparison adjustment for limited salability of specialized property 26.2%-41.2% (27.0%) All Other 4,229 sales comparison adjustment for percentage of completion of construction 57.3%-57.3% (57.3%) Total impaired loans $ 5,800 Other real estate owned: Commercial Real Estate Non-owner Occupied $ 2,003 sales comparison adjustment for differences between the comparable sales 17.8%-17.8% (17.8%) All Other 8,203 sales comparison adjustment for estimated realizable value 24.6%-50.3% (45.0%) Total OREO $ 10,206

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Consolidation, Wholly Owned Subsidiaries [Line Items]
Total Assets	$ 1,247,006		$ 1,247,006		$ 1,252,824
Net Income	3,127	$ 3,100	$ 6,269	$ 6,770
Citizens Deposit Bank & Trust [Member] | Vanceburg, Kentucky [Member]
Consolidation, Wholly Owned Subsidiaries [Line Items]
Year Acquired			1,991
Total Assets	387,663		$ 387,663
Net Income	931		$ 1,945
Premier Bank, Inc. [Member] | Huntington, West Virginia [Member]
Consolidation, Wholly Owned Subsidiaries [Line Items]
Year Acquired			1,998
Total Assets	853,078		$ 853,078
Net Income	2,702		5,275
Parent and Intercompany Eliminations [Member]
Consolidation, Wholly Owned Subsidiaries [Line Items]
Total Assets	6,265		6,265
Net Income	$ (506)		$ (951)

SECURITIES (Details)

SECURITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Available-for-sale Investment securities [Abstract]
Amortized Cost	$ 224,089	$ 227,486
Unrealized Gains	3,109	3,232
Unrealized Losses	(1,121)	(968)
Available for sale, Fair Value	226,077	229,750
U. S. Sponsored Agency MBS - Residential [Member]
Available-for-sale Investment securities [Abstract]
Amortized Cost	76,141	52,006
Unrealized Gains	674	774
Unrealized Losses	(399)	0
Available for sale, Fair Value	76,416	52,780
U. S. Sponsored Agency CMO's - Residential [Member]
Available-for-sale Investment securities [Abstract]
Amortized Cost	123,441	142,932
Unrealized Gains	2,140	2,167
Unrealized Losses	(704)	(911)
Available for sale, Fair Value	124,877	144,188
Total Mortgage-Backed Securities of Government Sponsored Agencies [Member]
Available-for-sale Investment securities [Abstract]
Amortized Cost	199,582	194,938
Unrealized Gains	2,814	2,941
Unrealized Losses	(1,103)	(911)
Available for sale, Fair Value	201,293	196,968
U. S. Government Sponsored Agency Securities [Member]
Available-for-sale Investment securities [Abstract]
Amortized Cost	14,463	22,553
Unrealized Gains	98	30
Unrealized Losses	0	(57)
Available for sale, Fair Value	14,561	22,506
Obligations of States and Political Subdivisions [Member]
Available-for-sale Investment securities [Abstract]
Amortized Cost	10,044	10,015
Unrealized Gains	197	261
Unrealized Losses	(18)	0
Available for sale, Fair Value	$ 10,223	$ 10,276

SECURITIES, By Contractual Matu

SECURITIES, By Contractual Maturity (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Amortized cost of available-for-sale securities by contractual maturity [Abstract]
Due in one year or less	$ 3,472
Due after one year through five years	17,732
Due after five years through ten years	3,054
Due after ten years	249
Mortgage-backed securities of government sponsored agencies	199,582
Available for sale, Amortized Cost	224,089
Fair value of available-for-sale securities by contractual maturity [Abstract]
Due in one year or less	3,489
Due after one year through five years	17,952
Due after five years through ten years	3,093
Due after ten years	250
Mortgage backed securities of government sponsored agencies	201,293
Available for sale, Fair Value	226,077		$ 229,750
Proceeds from the sale of securities	$ 0	$ 0

SECURITIES, With Unrealized Los

SECURITIES, With Unrealized Losses (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 Months, Fair Value	$ 38,843	$ 15,165
12 Months or More, Fair Value	19,292	26,471
Total Fair Value	58,135	41,636
Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 Months, Unrealized Loss	(508)	(109)
12 Months or More, Unrealized Loss	(613)	(859)
Total Unrealized Loss	(1,121)	(968)
U. S. Government Sponsored Agency Securities [Member]
Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 Months, Fair Value		9,971
12 Months or More, Fair Value		0
Total Fair Value		9,971
Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 Months, Unrealized Loss		(57)
12 Months or More, Unrealized Loss		0
Total Unrealized Loss		(57)
U. S. Sponsored Agency MBS - Residential [Member]
Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 Months, Fair Value	30,728
12 Months or More, Fair Value	0
Total Fair Value	30,728
Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 Months, Unrealized Loss	(399)
12 Months or More, Unrealized Loss	0
Total Unrealized Loss	(399)
U. S. Government Sponsored Agency CMO's - Residential [Member]
Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 Months, Fair Value	7,204	5,194
12 Months or More, Fair Value	19,292	26,471
Total Fair Value	26,496	31,665
Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 Months, Unrealized Loss	(91)	(52)
12 Months or More, Unrealized Loss	(613)	(859)
Total Unrealized Loss	(704)	$ (911)
Obligations of States and Political Subdivisions [Member]
Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 Months, Fair Value	911
12 Months or More, Fair Value	0
Total Fair Value	911
Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 Months, Unrealized Loss	(18)
12 Months or More, Unrealized Loss	0
Total Unrealized Loss	$ (18)

LOANS, Major Classifications of

LOANS, Major Classifications of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 883,873	$ 879,711
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	282,923	278,212
Multifamily Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	37,112	30,310
Owner Occupied Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	122,879	120,861
Non Owner Occupied Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	217,881	230,750
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	76,193	85,943
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	31,561	32,745
All Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 115,324	$ 100,890

LOANS, Activity in The Allowanc

LOANS, Activity in The Allowance For Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	$ 10,170	$ 10,344	$ 10,347	$ 11,027
Provision (credit) for loan losses	(146)	(79)	(77)	(389)
Loans charged-off	143	477	493	923
Recoveries	813	89	917	162
Balance, end of period	10,694	9,877	10,694	9,877
Residential Real Estate [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	2,196	2,250	2,093	2,694
Provision (credit) for loan losses	218	36	372	(391)
Loans charged-off	4	152	78	171
Recoveries	56	6	79	8
Balance, end of period	2,466	2,140	2,466	2,140
Multifamily Real Estate [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	287	297	304	417
Provision (credit) for loan losses	225	14	208	(106)
Loans charged-off	0	0	0	0
Recoveries	0	0	0	0
Balance, end of period	512	311	512	311
Owner Occupied Commercial Real Estate [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	1,489	1,477	1,501	1,407
Provision (credit) for loan losses	(13)	(32)	(24)	39
Loans charged-off	0	81	2	82
Recoveries	0	0	1	0
Balance, end of period	1,476	1,364	1,476	1,364
Non Owner Occupied Commercial Real Estate [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	2,324	2,385	2,316	2,037
Provision (credit) for loan losses	(651)	(92)	(643)	556
Loans charged-off	0	23	0	323
Recoveries	659	0	659	0
Balance, end of period	2,332	2,270	2,332	2,270
Commercial and Industrial [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	1,450	1,527	1,444	2,184
Provision (credit) for loan losses	(305)	(20)	(140)	(616)
Loans charged-off	8	21	169	84
Recoveries	2	3	4	5
Balance, end of period	1,139	1,489	1,139	1,489
Consumer [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	241	220	243	297
Provision (credit) for loan losses	87	37	105	(33)
Loans charged-off	78	33	132	59
Recoveries	24	8	58	27
Balance, end of period	274	232	274	232
All Other [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	2,183	2,188	2,446	1,991
Provision (credit) for loan losses	293	(22)	45	162
Loans charged-off	53	167	112	204
Recoveries	72	72	116	122
Balance, end of period	$ 2,495	$ 2,071	$ 2,495	$ 2,071

LOANS, Purchased Loans (Details

LOANS, Purchased Loans (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Purchased loans [Abstract]
Loans and leases receivable purchased with deteriorated credit quality	$ 11,489	$ 11,489		$ 11,587
Contractual principal balance	21,159	21,159		21,250
Carrying amount, net of allowance	10,463	10,463		10,639
Increase in allowance for loan losses related to purchased loans	0		$ 0
Accretable Yield [Roll Forward]
Beginning Balance		204	217
New loans purchased		0	0
Accretion of income		(10)	(6)
Reclassifications from non-accretable difference		0	0
Disposals		0	0
Ending Balance	194	194	$ 211
Multifamily Real Estate [Member]
Purchased loans [Abstract]
Loans and leases receivable purchased with deteriorated credit quality	460	460		497
Owner Occupied Commercial Real Estate [Member]
Purchased loans [Abstract]
Loans and leases receivable purchased with deteriorated credit quality	131	131		131
Non Owner Occupied Commercial Real Estate [Member]
Purchased loans [Abstract]
Loans and leases receivable purchased with deteriorated credit quality	5,623	5,623		5,695
Commercial and Industrial [Member]
Purchased loans [Abstract]
Loans and leases receivable purchased with deteriorated credit quality	126	126		136
All Other [Member]
Purchased loans [Abstract]
Loans and leases receivable purchased with deteriorated credit quality	$ 5,149	$ 5,149		$ 5,128

LOANS, Past Due And Non-perform

LOANS, Past Due And Non-performing Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Past due and non-performing loans [Abstract]
Principal Owed on Non-accrual Loans	$ 21,115	$ 22,767
Recorded Investment in Non-accrual Loans	10,982	12,712
Loans Past Due Over 90 Days, still accruing	2,289	1,266
Residential Real Estate [Member]
Past due and non-performing loans [Abstract]
Principal Owed on Non-accrual Loans	2,507	1,996
Recorded Investment in Non-accrual Loans	2,283	1,768
Loans Past Due Over 90 Days, still accruing	378	668
Multifamily Real Estate [Member]
Past due and non-performing loans [Abstract]
Principal Owed on Non-accrual Loans	1,532	1,803
Recorded Investment in Non-accrual Loans	539	1,033
Loans Past Due Over 90 Days, still accruing	0	564
Owner Occupied Commercial Real Estate [Member]
Past due and non-performing loans [Abstract]
Principal Owed on Non-accrual Loans	807	2,115
Recorded Investment in Non-accrual Loans	737	1,928
Loans Past Due Over 90 Days, still accruing	8	0
Non Owner Occupied Commercial Real Estate [Member]
Past due and non-performing loans [Abstract]
Principal Owed on Non-accrual Loans	1,960	2,020
Recorded Investment in Non-accrual Loans	1,689	1,819
Loans Past Due Over 90 Days, still accruing	1,820	26
Commercial and Industrial [Member]
Past due and non-performing loans [Abstract]
Principal Owed on Non-accrual Loans	1,576	2,012
Recorded Investment in Non-accrual Loans	471	806
Loans Past Due Over 90 Days, still accruing	83	8
Consumer [Member]
Past due and non-performing loans [Abstract]
Principal Owed on Non-accrual Loans	98	213
Recorded Investment in Non-accrual Loans	80	185
Loans Past Due Over 90 Days, still accruing	0	0
All Other [Member]
Past due and non-performing loans [Abstract]
Principal Owed on Non-accrual Loans	12,635	12,608
Recorded Investment in Non-accrual Loans	5,183	5,173
Loans Past Due Over 90 Days, still accruing	$ 0	$ 0

LOANS, Past Due Aging Analysis

LOANS, Past Due Aging Analysis (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Aging of recorded investment in past due loans [Abstract]
Total Loans	$ 883,873	$ 879,711
30-89 Days Past Due	24,070	10,861
Greater than 90 days past due	11,307	11,812
Total Past Due	35,377	22,673
Loans Not Past Due	848,496	857,038
Residential Real Estate [Member]
Aging of recorded investment in past due loans [Abstract]
Total Loans	282,923	278,212
30-89 Days Past Due	5,862	5,810
Greater than 90 days past due	1,658	1,706
Total Past Due	7,520	7,516
Loans Not Past Due	275,403	270,696
Multifamily Real Estate [Member]
Aging of recorded investment in past due loans [Abstract]
Total Loans	37,112	30,310
30-89 Days Past Due	460	177
Greater than 90 days past due	79	1,100
Total Past Due	539	1,277
Loans Not Past Due	36,573	29,033
Owner Occupied Commercial Real Estate [Member]
Aging of recorded investment in past due loans [Abstract]
Total Loans	122,879	120,861
30-89 Days Past Due	1,769	250
Greater than 90 days past due	549	1,530
Total Past Due	2,318	1,780
Loans Not Past Due	120,561	119,081
Non Owner Occupied Commercial Real Estate [Member]
Aging of recorded investment in past due loans [Abstract]
Total Loans	217,881	230,750
30-89 Days Past Due	125	2,173
Greater than 90 days past due	3,509	1,670
Total Past Due	3,634	3,843
Loans Not Past Due	214,247	226,907
Commercial and Industrial [Member]
Aging of recorded investment in past due loans [Abstract]
Total Loans	76,193	85,943
30-89 Days Past Due	1,737	1,720
Greater than 90 days past due	348	608
Total Past Due	2,085	2,328
Loans Not Past Due	74,108	83,615
Consumer [Member]
Aging of recorded investment in past due loans [Abstract]
Total Loans	31,561	32,745
30-89 Days Past Due	526	497
Greater than 90 days past due	15	71
Total Past Due	541	568
Loans Not Past Due	31,020	32,177
All Other [Member]
Aging of recorded investment in past due loans [Abstract]
Total Loans	115,324	100,890
30-89 Days Past Due	13,591	234
Greater than 90 days past due	5,149	5,127
Total Past Due	18,740	5,361
Loans Not Past Due	$ 96,584	$ 95,529

LOANS, Allowance for Loan Losse

LOANS, Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment Based on Impairment Method (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	$ 490		$ 452
Collectively evaluated for impairment, allowance for loan losses	9,178		8,947
Acquired with deteriorated credit quality, allowance for loan losses	1,026		948
Total allowance for loan losses	10,694	$ 10,170	10,347	$ 9,877	$ 10,344	$ 11,027
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	7,567		9,569
Collectively evaluated for impairment, loan balances	864,817		858,555
Acquired with deteriorated credit quality, loan balances	11,489		11,587
Total Loans	883,873		879,711
Residential Real Estate [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	183		0
Collectively evaluated for impairment, allowance for loan losses	2,283		2,093
Acquired with deteriorated credit quality, allowance for loan losses	0		0
Total allowance for loan losses	2,466	2,196	2,093	2,140	2,250	2,694
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	571		137
Collectively evaluated for impairment, loan balances	282,352		278,075
Acquired with deteriorated credit quality, loan balances	0		0
Total Loans	282,923		278,212
Multifamily Real Estate [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	0		0
Collectively evaluated for impairment, allowance for loan losses	512		304
Acquired with deteriorated credit quality, allowance for loan losses	0		0
Total allowance for loan losses	512	287	304	311	297	417
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	79		536
Collectively evaluated for impairment, loan balances	36,573		29,277
Acquired with deteriorated credit quality, loan balances	460		497
Total Loans	37,112		30,310
Owner Occupied Commercial Real Estate [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	48		107
Collectively evaluated for impairment, allowance for loan losses	1,428		1,394
Acquired with deteriorated credit quality, allowance for loan losses	0		0
Total allowance for loan losses	1,476	1,489	1,501	1,364	1,477	1,407
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	943		2,011
Collectively evaluated for impairment, loan balances	121,805		118,719
Acquired with deteriorated credit quality, loan balances	131		131
Total Loans	122,879		120,861
Non Owner Occupied Commercial Real Estate [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	29		54
Collectively evaluated for impairment, allowance for loan losses	2,303		2,262
Acquired with deteriorated credit quality, allowance for loan losses	0		0
Total allowance for loan losses	2,332	2,324	2,316	2,270	2,385	2,037
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	4,396		4,874
Collectively evaluated for impairment, loan balances	207,862		220,181
Acquired with deteriorated credit quality, loan balances	5,623		5,695
Total Loans	217,881		230,750
Commercial and Industrial [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	230		291
Collectively evaluated for impairment, allowance for loan losses	783		1,105
Acquired with deteriorated credit quality, allowance for loan losses	126		48
Total allowance for loan losses	1,139	1,450	1,444	1,489	1,527	2,184
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	666		902
Collectively evaluated for impairment, loan balances	75,401		84,905
Acquired with deteriorated credit quality, loan balances	126		136
Total Loans	76,193		85,943
Consumer [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	0		0
Collectively evaluated for impairment, allowance for loan losses	274		243
Acquired with deteriorated credit quality, allowance for loan losses	0		0
Total allowance for loan losses	274	241	243	232	220	297
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	0		0
Collectively evaluated for impairment, loan balances	31,561		32,745
Acquired with deteriorated credit quality, loan balances	0		0
Total Loans	31,561		32,745
All Other [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	0		0
Collectively evaluated for impairment, allowance for loan losses	1,595		1,546
Acquired with deteriorated credit quality, allowance for loan losses	900		900
Total allowance for loan losses	2,495	$ 2,183	2,446	$ 2,071	$ 2,188	$ 1,991
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	912		1,109
Collectively evaluated for impairment, loan balances	109,263		94,653
Acquired with deteriorated credit quality, loan balances	5,149		5,128
Total Loans	$ 115,324		$ 100,890

LOANS, Individually Evaluated F

LOANS, Individually Evaluated For Impairment (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
LOANS [Abstract]
Purchased financing receivable individually evaluated for impairment	$ 5,658	$ 5,673
Loans individually evaluated for impairment [Abstract]
Unpaid Principal Balance	23,177	24,803
Recorded Investment	13,302	15,242
Allowance for Loan Losses Allocated	1,516	1,400
With no related allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid Principal Balance	8,716	9,958
Recorded Investment	6,520	8,042
Allowance for Loan Losses Allocated	0	0
With an allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid Principal Balance	14,461	14,845
Recorded Investment	6,782	7,200
Allowance for Loan Losses Allocated	1,516	1,400
Residential Real Estate [Member] | With no related allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid Principal Balance	363	179
Recorded Investment	325	137
Allowance for Loan Losses Allocated	0	0
Residential Real Estate [Member] | With an allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid Principal Balance	252
Recorded Investment	246
Allowance for Loan Losses Allocated	183
Multifamily real estate [Member] | With no related allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid Principal Balance	1,532	1,803
Recorded Investment	539	1,033
Allowance for Loan Losses Allocated	0	0
Owner Occupied Commercial Real Estate [Member] | With no related allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid Principal Balance	612	1,404
Recorded Investment	549	1,304
Allowance for Loan Losses Allocated	0	0
Owner Occupied Commercial Real Estate [Member] | With an allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid Principal Balance	394	707
Recorded Investment	394	707
Allowance for Loan Losses Allocated	48	107
Non Owner Occupied Commercial Real Estate [Member] | With no related allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid Principal Balance	4,049	4,398
Recorded Investment	3,778	4,190
Allowance for Loan Losses Allocated	0	0
Non Owner Occupied Commercial Real Estate [Member] | With an allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid Principal Balance	618	684
Recorded Investment	618	684
Allowance for Loan Losses Allocated	29	54
Commercial and Industrial [Member] | With no related allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid Principal Balance	1,193	1,030
Recorded Investment	417	270
Allowance for Loan Losses Allocated	0	0
Commercial and Industrial [Member] | With an allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid Principal Balance	651	929
Recorded Investment	375	680
Allowance for Loan Losses Allocated	356	339
All Other [Member] | With no related allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid Principal Balance	967	1,144
Recorded Investment	912	1,108
Allowance for Loan Losses Allocated	0	0
All Other [Member] | With an allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid Principal Balance	12,546	12,525
Recorded Investment	5,149	5,129
Allowance for Loan Losses Allocated	$ 900	$ 900

LOANS, Average Balance of Loans

LOANS, Average Balance of Loans Individually Evaluated For Impairment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Financing receivable average balance individually evaluated for impairment [Line Items]
Average Recorded Investment	$ 14,401	$ 15,586	$ 14,681	$ 18,075
Interest Income Recognized	94	107	172	2,067
Cash Basis Interest Recognized	78	103	153	2,059
Residential Real Estate [Member]
Financing receivable average balance individually evaluated for impairment [Line Items]
Average Recorded Investment	352	2,318	281	2,536
Interest Income Recognized	1	27	2	61
Cash Basis Interest Recognized	1	27	2	61
Multifamily Real Estate [Member]
Financing receivable average balance individually evaluated for impairment [Line Items]
Average Recorded Investment	1,550	2,353	1,377	2,586
Interest Income Recognized	14	19	14	727
Cash Basis Interest Recognized	14	19	14	727
Owner Occupied Commercial Real Estate [Member]
Financing receivable average balance individually evaluated for impairment [Line Items]
Average Recorded Investment	922	1,983	1,286	2,155
Interest Income Recognized	9	14	18	29
Cash Basis Interest Recognized	5	10	13	21
Non Owner Occupied Commercial Real Estate [Member]
Financing receivable average balance individually evaluated for impairment [Line Items]
Average Recorded Investment	4,561	214	4,665	800
Interest Income Recognized	46	0	94	627
Cash Basis Interest Recognized	34	0	82	627
Commercial and Industrial [Member]
Financing receivable average balance individually evaluated for impairment [Line Items]
Average Recorded Investment	908	1,265	922	2,395
Interest Income Recognized	10	9	14	542
Cash Basis Interest Recognized	10	9	14	542
All Other [Member]
Financing receivable average balance individually evaluated for impairment [Line Items]
Average Recorded Investment	6,108	7,453	6,150	7,603
Interest Income Recognized	14	38	30	81
Cash Basis Interest Recognized	$ 14	$ 38	$ 28	$ 81

LOANS, Troubled Debt Restructur

LOANS, Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Modifications [Line Items]
TDR's on Non-accrual	$ 9	$ 13
Other TDR's	1,948	2,489
Total TDR's	1,957	2,502
Residential Real Estate [Member]
Financing Receivable, Modifications [Line Items]
TDR's on Non-accrual	9	13
Other TDR's	181	191
Total TDR's	190	204
Non Owner Occupied Commercial Real Estate [Member]
Financing Receivable, Modifications [Line Items]
TDR's on Non-accrual	0	0
Other TDR's	464	474
Total TDR's	464	474
Commercial and Industrial [Member]
Financing Receivable, Modifications [Line Items]
TDR's on Non-accrual	0	0
Other TDR's	417	761
Total TDR's	417	761
All Other [Member]
Financing Receivable, Modifications [Line Items]
TDR's on Non-accrual	0	0
Other TDR's	886	1,063
Total TDR's	$ 886	$ 1,063

LOANS, TDR Modified During Peri

LOANS, TDR Modified During Period (Details) - 6 months ended Jun. 30, 2015 $ in Thousands	USD ($)Loan
Troubled Debt Restructuring Activity [Line Items]
Number of Loans | Loan	1
Pre-Modification Outstanding Recorded Investment	$ 1,543
Post-Modification Outstanding Recorded Investment	$ 1,543
Multifamily real estate [Member]
Troubled Debt Restructuring Activity [Line Items]
Number of Loans | Loan	1
Pre-Modification Outstanding Recorded Investment	$ 1,543
Post-Modification Outstanding Recorded Investment	$ 1,543

LOANS, Risk Category of Loans b

LOANS, Risk Category of Loans by Class of Loans, Credit Quality Indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts, notes, loans and financing receivable [Line Items]
Loans	$ 883,873	$ 879,711
Residential Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	282,923	278,212
Multifamily Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	37,112	30,310
Owner Occupied Commercial Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	122,879	120,861
Non Owner Occupied Commercial Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	217,881	230,750
Commercial and Industrial [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	76,193	85,943
Consumer [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	31,561	32,745
All Other [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	115,324	100,890
Pass [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	827,629	827,711
Pass [Member] | Residential Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	270,610	265,285
Pass [Member] | Multifamily Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	32,287	27,260
Pass [Member] | Owner Occupied Commercial Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	115,111	111,024
Pass [Member] | Non Owner Occupied Commercial Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	209,695	218,971
Pass [Member] | Commercial and Industrial [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	74,396	83,634
Pass [Member] | Consumer [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	31,175	32,364
Pass [Member] | All Other [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	94,355	89,173
Special Mention [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	30,894	29,613
Special Mention [Member] | Residential Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	5,125	8,292
Special Mention [Member] | Multifamily Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	4,286	2,017
Special Mention [Member] | Owner Occupied Commercial Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	5,326	6,505
Special Mention [Member] | Non Owner Occupied Commercial Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	888	6,652
Special Mention [Member] | Commercial and Industrial [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	714	1,007
Special Mention [Member] | Consumer [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	245	267
Special Mention [Member] | All Other [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	14,310	4,873
Substandard [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	25,292	22,347
Substandard [Member] | Residential Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	7,179	4,622
Substandard [Member] | Multifamily Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	539	1,033
Substandard [Member] | Owner Occupied Commercial Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	2,442	3,332
Substandard [Member] | Non Owner Occupied Commercial Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	7,298	5,127
Substandard [Member] | Commercial and Industrial [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	1,034	1,275
Substandard [Member] | Consumer [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	141	114
Substandard [Member] | All Other [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	6,659	6,844
Doubtful [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	58	40
Doubtful [Member] | Residential Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	9	13
Doubtful [Member] | Multifamily Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	0	0
Doubtful [Member] | Owner Occupied Commercial Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	0	0
Doubtful [Member] | Non Owner Occupied Commercial Real Estate [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	0	0
Doubtful [Member] | Commercial and Industrial [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	49	27
Doubtful [Member] | Consumer [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	0	0
Doubtful [Member] | All Other [Member]
Accounts, notes, loans and financing receivable [Line Items]
Loans	$ 0	$ 0

STOCKHOLDERS' EQUITY AND REGU38

STOCKHOLDERS' EQUITY AND REGULATORY MATTERS (Details) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2015	Dec. 31, 2014
STOCKHOLDERS' EQUITY AND REGULATORY MATTERS [Abstract]
Number of previous years retained profit taken for dividend calculation		2 years
Funds available for dividends without prior approval		$ 5.5
Common Equity Tier I Capital (to Risk-Weighted Assets) (in hundredths)		12.50%
Common Equity Tier I Capital (to Risk-Weighted Assets), Regulatory Minimum Requirements (in hundredths)		4.50%
Common Equity Tier I Capital (to Risk-Weighted Assets), To Be Considered Well Capitalized (in hundredths)		6.50%
Tier I Capital (to Risk-Weighted Assets) (in hundredths)		12.50%	13.30%
Tier I Capital (to Risk-Weighted Assets), Regulatory Minimum Requirements (in hundredths)	[1]	6.00%
Tier I Capital (to Risk-Weighted Assets), To Be Considered Well Capitalized (in hundredths)	[1]	8.00%
Total Capital (to Risk-Weighted Assets) (in hundredths)		13.70%	14.60%
Total Capital (to Risk-Weighted Assets), Regulatory Minimum Requirements (in hundredths)		8.00%
Total Capital (to Risk-Weighted Assets), To Be Considered Well Capitalized (in hundredths)		10.00%
Tier I Capital (to Average Assets) (in hundredths)		9.10%	9.10%
Tier I Capital (to Average Assets), Regulatory Minimum Requirements (in hundredths)		4.00%
Tier I Capital (to Average Assets), To Be Considered Well Capitalized (in hundredths)		5.00%
[1]	The regulatory requirements presented in the table are effective as of January 1, 2015. At December 31, 2014, the minimum Tier 1 capital to risk-weighted assets ratio was 4.0% and to be considered well capitalized the ratio was required to be at least 6.0%

PREFERRED STOCK AND COMMON ST39

PREFERRED STOCK AND COMMON STOCK WARRANT (Details) - USD ($)	May. 06, 2015	Nov. 14, 2014	Oct. 02, 2009	Jun. 30, 2015	Dec. 31, 2014
Class of Stock [Line Items]
Par value of common stock called by warrants (in dollars per share)				$ 0	$ 0
Reduction in shareholders' equity and regulatory capital	$ 5,675,000
U.S. Treasury [Member]
Class of Stock [Line Items]
Payments for purchase of warrants	5,675,000
U.S. Treasury [Member] | Bank of Kentucky [Member]
Class of Stock [Line Items]
Purchase of warrant, line of credit	4,000,000
U.S. Treasury [Member] | Cash and Cash Equivalents [Member]
Class of Stock [Line Items]
Payments for purchase of warrants	$ 1,675,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock issued (in shares)			22,252
Preferred stock, par value (in dollars per share)			$ 0
Liquidation preference (in dollars per share)			$ 1,000
Value of preferred stock issued			$ 22,252,000
Preferred stock repurchased (in shares)		22,252
Series A Preferred Stock [Member] | Before November 14, 2014 [Member]
Class of Stock [Line Items]
Accrued dividend rate (in hundredths)		5.00%
Warrants [Member]
Class of Stock [Line Items]
Term of warrant			10 years
Numbers of common stock to be purchased with warrants (in shares)	636,378		628,588
Par value of common stock called by warrants (in dollars per share)			$ 0
Exercise price of warrants (in dollars per share)	$ 5.25		5.31
Threshold of quarterly common stock cash dividends paid (in dollars per share)			$ 0.11

STOCK COMPENSATION EXPENSE (Det

STOCK COMPENSATION EXPENSE (Details) - USD ($)	Mar. 18, 2015	Apr. 16, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period, description					three equal annual installments	three equal annual installments
Stock option vesting periods					3 years	3 years
Grants (in shares)					47,650	46,300
Grants (in dollars per share)					$ 14.72	$ 14.43
Compensation expense			$ 121,000	$ 128,000	$ 163,000	$ 170,000
Unrecognized stock-based compensation expense			$ 98,000		$ 98,000
Unrecognized stock-based compensation, period of recognition					32 months
2012 Long Term Incentive Plan [Member] | Robert W. Walker [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (in shares)	7,000	6,000
Fair value of stock options granted (in dollars per share)	$ 14.72	$ 14.20
Compensation expense	$ 103,000	$ 85,000

STOCK COMPENSATION EXPENSE, Ass

STOCK COMPENSATION EXPENSE, Assumptions (Details) - $ / shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Assumptions used in the black-scholes option-pricing model [Abstract]
Risk-free interest rate (in hundredths)	1.41%	2.78%
Expected option life (yrs)	10 years	10 years
Expected stock price volatility (in hundredths)	17.20%	31.19%
Dividend yield (in hundredths)	3.53%	3.33%
Weighted average fair value of options granted (in dollars per share)	$ 1.37	$ 3.74

STOCK COMPENSATION EXPENSE, Sto

STOCK COMPENSATION EXPENSE, Stock Options Activity (Details) - $ / shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Stock options activity [Roll Forward]
Outstanding at beginning of year (in shares)	273,942	354,281
Grants (in shares)	47,650	46,300
Exercises (in shares)	(18,450)	(63,297)
Forfeitures or expired (in shares)	(16,733)	(8,133)
Outstanding at end of period (in shares)	286,409	329,151
Exercisable at end of period (in shares)	204,675	223,898
Weighted Average Exercise Price [Abstract]
Outstanding at beginning of year (in dollars per share)	$ 11.06	$ 9.84
Grants (in dollars per share)	14.72	14.43
Exercises (in dollars per share)	10.87	8.45
Forfeitures or expired (in dollars per share)	17.10	9.27
Outstanding at end of period (in dollars per share)	$ 11.51	$ 10.77
Weighted average remaining life of options outstanding	6 years 2 months 12 days	6 years 2 months 12 days
Weighted average fair value of options granted during the year (in dollars per share)	$ 1.37	$ 3.74

STOCK COMPENSATION EXPENSE, Aut

STOCK COMPENSATION EXPENSE, Authorized Stock Options By Exercise Price Range (Details) - Jun. 30, 2015 - USD ($) $ / shares in Units, $ in Thousands	Total
Share-based Compensation, Shares Granted under Stock Option Plans, Exercise Price Range [Line Items]
Outstanding, Number(in shares)	286,409
Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 11.51
Outstanding, Aggregate Intrinsic Value	$ 1,140
Currently Exercisable, Number (in shares)	204,675
Currently Exercisable, Weighted Average Remaining Contractual Life	5 years
Currently Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 10.47
Currently Exercisable, Aggregate Intrinsic Value	$ 1,031
$6.50 to $10.00 [Member]
Share-based Compensation, Shares Granted under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, lower range limit (in dollars per share)	$ 6.50
Range of Exercise Prices, upper range limit (in dollars per share)	$ 10
Outstanding, Number(in shares)	106,949
Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 7.56
Outstanding, Aggregate Intrinsic Value	$ 844
Currently Exercisable, Number (in shares)	106,949
Currently Exercisable, Weighted Average Remaining Contractual Life	5 years 10 months 24 days
Currently Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 7.56
Currently Exercisable, Aggregate Intrinsic Value	$ 844
$10.01 to $12.50 [Member]
Share-based Compensation, Shares Granted under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, lower range limit (in dollars per share)	$ 10.01
Range of Exercise Prices, upper range limit (in dollars per share)	$ 12.50
Outstanding, Number(in shares)	36,000
Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 11.39
Outstanding, Aggregate Intrinsic Value	$ 146
Currently Exercisable, Number (in shares)	23,374
Currently Exercisable, Weighted Average Remaining Contractual Life	7 years 8 months 12 days
Currently Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 11.39
Currently Exercisable, Aggregate Intrinsic Value	$ 95
$12.51 to $15.00 [Member]
Share-based Compensation, Shares Granted under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, lower range limit (in dollars per share)	$ 12.51
Range of Exercise Prices, upper range limit (in dollars per share)	$ 15
Outstanding, Number(in shares)	122,960
Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 14.23
Outstanding, Aggregate Intrinsic Value	$ 150
Currently Exercisable, Number (in shares)	53,852
Currently Exercisable, Weighted Average Remaining Contractual Life	3 years 9 months 18 days
Currently Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 13.75
Currently Exercisable, Aggregate Intrinsic Value	$ 92
$15.01 to $17.50 [Member]
Share-based Compensation, Shares Granted under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, lower range limit (in dollars per share)	$ 15.01
Range of Exercise Prices, upper range limit (in dollars per share)	$ 17.50
Outstanding, Number(in shares)	20,500
Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 16
Outstanding, Aggregate Intrinsic Value	$ 0
Currently Exercisable, Number (in shares)	20,500
Currently Exercisable, Weighted Average Remaining Contractual Life	7 months 6 days
Currently Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 16
Currently Exercisable, Aggregate Intrinsic Value	$ 0

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Basic earnings per share [Abstract]
Income available to common stockholders	$ 3,127	$ 2,935	$ 6,269	$ 6,440
Weighted average common shares outstanding (in shares)	8,157,785	8,079,629	8,150,596	8,061,522
Earnings per share (in dollars per share)	$ 0.38	$ 0.36	$ 0.77	$ 0.80
Diluted earnings per share [Abstract]
Income available to common stockholders	$ 3,127	$ 2,935	$ 6,269	$ 6,440
Weighted average common shares outstanding (in shares)	8,157,785	8,079,629	8,150,596	8,061,522
Add dilutive effects of potential additional common stock (in shares)	230,145	502,839	358,336	504,519
Weighted average common and dilutive potential common shares outstanding (in shares)	8,387,930	8,582,468	8,508,932	8,566,041
Earnings per share assuming dilution (in dollars per share)	$ 0.37	$ 0.34	$ 0.74	$ 0.75
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities not considered in computing diluted earnings per share (in shares)	23,500	23,500	23,500	23,500

FAIR VALUE, Carrying Amount and

FAIR VALUE, Carrying Amount and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Financial assets [Abstract]
Securities available for sale	$ 226,077	$ 229,750
Level 1 [Member]
Financial assets [Abstract]
Cash and due from banks	68,877	70,398
Federal funds sold	3,265	4,986
Securities available for sale	0	0
Loans held for sale		0
Loans, net	0	0
Interest receivable	0	0
Financial liabilities [Abstract]
Deposits	(718,462)	(711,118)
Securities sold under agreements to repurchase	0	0
Other borrowed funds	0	0
Interest payable	(6)	(6)
Level 2 [Member]
Financial assets [Abstract]
Cash and due from banks	0	0
Federal funds sold	0	0
Securities available for sale	226,077	229,610
Loans held for sale		0
Loans, net	0	0
Interest receivable	584	625
Financial liabilities [Abstract]
Deposits	(350,961)	(363,481)
Securities sold under agreements to repurchase	(15,307)	(15,580)
Other borrowed funds	(12,539)	(11,760)
Interest payable	(381)	(428)
Level 3 [Member]
Financial assets [Abstract]
Cash and due from banks	0	0
Federal funds sold	0	0
Securities available for sale	0	140
Loans held for sale		226
Loans, net	874,822	870,273
Interest receivable	2,687	2,594
Financial liabilities [Abstract]
Deposits	0	0
Securities sold under agreements to repurchase	0	0
Other borrowed funds	0	0
Interest payable	0	0
Carrying Amount [Member]
Financial assets [Abstract]
Cash and due from banks	68,877	70,398
Federal funds sold	3,265	4,986
Securities available for sale	226,077	229,750
Loans held for sale		226
Loans, net	873,179	869,364
Federal Home Loan Bank stock	3,072	2,996
Interest receivable	3,271	3,219
Financial liabilities [Abstract]
Deposits	(1,070,531)	(1,075,243)
Securities sold under agreements to repurchase	(15,307)	(15,580)
Other borrowed funds	(12,507)	(11,722)
Interest payable	(387)	(434)
Fair Value [Member]
Financial assets [Abstract]
Cash and due from banks	68,877	70,398
Federal funds sold	3,265	4,986
Securities available for sale	226,077	229,750
Loans held for sale		226
Loans, net	874,822	870,273
Interest receivable	3,271	3,219
Financial liabilities [Abstract]
Deposits	(1,069,423)	(1,074,599)
Securities sold under agreements to repurchase	(15,307)	(15,580)
Other borrowed funds	(12,539)	(11,760)
Interest payable	$ (387)	$ (434)

FAIR VALUE, Assets and Liabilit

FAIR VALUE, Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Securities available for sale
Available for sale, Fair Value	$ 226,077	$ 229,750
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Securities available for sale
Available for sale, Fair Value	0	0
Significant Other Observable Inputs (Level 2) [Member]
Securities available for sale
Available for sale, Fair Value	226,077	229,610
Significant Unobservable Inputs (Level 3) [Member]
Securities available for sale
Available for sale, Fair Value	0	140
Carrying Value [Member]
Securities available for sale
Available for sale, Fair Value	226,077	229,750
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Securities available for sale
U. S. agency MBS - residential	0	0
U. S. agency CMO's - residential	0	0
Total mortgage-backed securities of government sponsored agencies	0	0
U. S. government sponsored agency securities	0	0
Obligations of states and political subdivisions	0	0
Available for sale, Fair Value	0	0
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Securities available for sale
U. S. agency MBS - residential	76,416	52,780
U. S. agency CMO's - residential	124,877	144,188
Total mortgage-backed securities of government sponsored agencies	201,293	196,968
U. S. government sponsored agency securities	14,561	22,506
Obligations of states and political subdivisions	10,223	10,136
Available for sale, Fair Value	226,077	229,610
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Securities available for sale
U. S. agency MBS - residential	0	0
U. S. agency CMO's - residential	0	0
Total mortgage-backed securities of government sponsored agencies	0	0
U. S. government sponsored agency securities	0	0
Obligations of states and political subdivisions	0	140
Available for sale, Fair Value	0	140
Recurring [Member] | Carrying Value [Member]
Securities available for sale
U. S. agency MBS - residential	76,416	52,780
U. S. agency CMO's - residential	124,877	144,188
Total mortgage-backed securities of government sponsored agencies	201,293	196,968
U. S. government sponsored agency securities	14,561	22,506
Obligations of states and political subdivisions	10,223	10,276
Available for sale, Fair Value	$ 226,077	$ 229,750

FAIR VALUE, Unobservable Input

FAIR VALUE, Unobservable Input Reconciliation (Details) - Securities Available-for-sale [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)
Reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs [Roll Forward]
Balance of recurring Level 3 assets at beginning of period	$ 140
Total Gains or Losses (Realized/Unrealized) [Abstract]
Included in earnings - realized	0
Included in earnings, unrealized	0
Included in other comprehensive income	0
Purchases, sales, issues and settlements, net	(140)
Transfers in and / or out of Level 3	0
Balance of recurring Level 3 assets at period-end	$ 0

FAIR VALUE, Assets and Liabil48

FAIR VALUE, Assets and Liabilities Measured at Fair Value on Nonrecurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Impaired Loans Additional Disclosure [Abstract]
Recorded investment in impaired loans carried at fair value	$ 6,782		$ 6,782		$ 7,200
Valuation allowance for impaired loans	1,516		1,516		1,400
Impaired collateral dependent loans, provision for loan losses	108	$ (143)	117	$ (886)
Other Real Estate Owned Additional Disclosure [Abstract]
Recorded investment in other real estate owned carried at fair value - gross	11,785		11,785		12,343
Valuation allowance for other real estate owned	2,102		2,102		2,137
Write downs	70	$ 280	246	$ 280
Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Impaired loans: [Abstract]
Residential real estate	0		0
Owner occupied commercial real estate	0		0		0
Non-owner occupied commercial real estate	0		0		0
Commercial and industrial	0		0		0
All other	0		0		0
Total impaired loans	0		0		0
Other real estate owned: [Abstract]
Residential Real Estate	0		0
Owner occupied commercial real estate	0		0
Non-owner occupied commercial real estate	0		0		0
All other	0		0		0
Total OREO	0		0		0
Nonrecurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Impaired loans: [Abstract]
Residential real estate	0		0
Owner occupied commercial real estate	0		0		0
Non-owner occupied commercial real estate	0		0		0
Commercial and industrial	0		0		0
All other	0		0		0
Total impaired loans	0		0		0
Other real estate owned: [Abstract]
Residential Real Estate	0		0
Owner occupied commercial real estate	0		0
Non-owner occupied commercial real estate	0		0		0
All other	0		0		0
Total OREO	0		0		0
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Impaired loans: [Abstract]
Residential real estate	63		63
Owner occupied commercial real estate	346		346		600
Non-owner occupied commercial real estate	589		589		630
Commercial and industrial	19		19		341
All other	4,249		4,249		4,229
Total impaired loans	5,266		5,266		5,800
Other real estate owned: [Abstract]
Residential Real Estate	657		657
Owner occupied commercial real estate	39		39
Non-owner occupied commercial real estate	2,003		2,003		2,003
All other	6,984		6,984		8,203
Total OREO	9,683		9,683		10,206
Nonrecurring [Member] | Carrying Amount [Member]
Impaired loans: [Abstract]
Residential real estate	63		63
Owner occupied commercial real estate	346		346		600
Non-owner occupied commercial real estate	589		589		630
Commercial and industrial	19		19		341
All other	4,249		4,249		4,229
Total impaired loans	5,266		5,266		5,800
Other real estate owned: [Abstract]
Residential Real Estate	657		657
Owner occupied commercial real estate	39		39
Non-owner occupied commercial real estate	2,003		2,003		2,003
All other	6,984		6,984		8,203
Total OREO	$ 9,683		$ 9,683		$ 10,206

FAIR VALUE, Asset Quantitative

FAIR VALUE, Asset Quantitative Information (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value	$ 5,266	$ 5,800
Impaired Loans [Member] | Residential Real Estate [Member] | Sales Comparison [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value	$ 63
Impaired Loans [Member] | Residential Real Estate [Member] | Sales Comparison [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	26.50%
Impaired Loans [Member] | Residential Real Estate [Member] | Sales Comparison [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	26.50%
Impaired Loans [Member] | Residential Real Estate [Member] | Sales Comparison [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	26.50%
Impaired Loans [Member] | Owner Occupied Commercial Real Estate [Member] | Sales Comparison [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value	$ 346	$ 600
Impaired Loans [Member] | Owner Occupied Commercial Real Estate [Member] | Sales Comparison [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	65.50%	44.80%
Impaired Loans [Member] | Owner Occupied Commercial Real Estate [Member] | Sales Comparison [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	72.40%	72.40%
Impaired Loans [Member] | Owner Occupied Commercial Real Estate [Member] | Sales Comparison [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	66.90%	58.90%
Impaired Loans [Member] | Non Owner Occupied Commercial Real Estate [Member] | Sales Comparison [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value	$ 589	$ 630
Impaired Loans [Member] | Non Owner Occupied Commercial Real Estate [Member] | Sales Comparison [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	41.80%	16.90%
Impaired Loans [Member] | Non Owner Occupied Commercial Real Estate [Member] | Sales Comparison [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	41.80%	54.60%
Impaired Loans [Member] | Non Owner Occupied Commercial Real Estate [Member] | Sales Comparison [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	41.80%	16.90%
Impaired Loans [Member] | Commercial and Industrial [Member] | Sales Comparison [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value	$ 19	$ 341
Impaired Loans [Member] | Commercial and Industrial [Member] | Sales Comparison [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	8.00%	26.20%
Impaired Loans [Member] | Commercial and Industrial [Member] | Sales Comparison [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	8.00%	41.20%
Impaired Loans [Member] | Commercial and Industrial [Member] | Sales Comparison [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	8.00%	27.00%
Impaired Loans [Member] | All Other [Member] | Sales Comparison [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value	$ 4,249	$ 4,229
Impaired Loans [Member] | All Other [Member] | Sales Comparison [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	57.20%	57.30%
Impaired Loans [Member] | All Other [Member] | Sales Comparison [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	57.20%	57.30%
Impaired Loans [Member] | All Other [Member] | Sales Comparison [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	57.20%	57.30%
Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value	$ 9,683	$ 10,206
Other Real Estate Owned [Member] | Residential Real Estate [Member] | Sales Comparison [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value	$ 657
Other Real Estate Owned [Member] | Residential Real Estate [Member] | Sales Comparison [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	0.70%
Other Real Estate Owned [Member] | Residential Real Estate [Member] | Sales Comparison [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	35.50%
Other Real Estate Owned [Member] | Residential Real Estate [Member] | Sales Comparison [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	25.00%
Other Real Estate Owned [Member] | Owner Occupied Commercial Real Estate [Member] | Sales Comparison [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value	$ 39
Other Real Estate Owned [Member] | Owner Occupied Commercial Real Estate [Member] | Sales Comparison [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	25.40%
Other Real Estate Owned [Member] | Owner Occupied Commercial Real Estate [Member] | Sales Comparison [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	25.40%
Other Real Estate Owned [Member] | Owner Occupied Commercial Real Estate [Member] | Sales Comparison [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	25.40%
Other Real Estate Owned [Member] | Non Owner Occupied Commercial Real Estate [Member] | Sales Comparison [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value	$ 2,003	$ 2,003
Other Real Estate Owned [Member] | Non Owner Occupied Commercial Real Estate [Member] | Sales Comparison [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	17.20%	17.80%
Other Real Estate Owned [Member] | Non Owner Occupied Commercial Real Estate [Member] | Sales Comparison [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	17.20%	17.80%
Other Real Estate Owned [Member] | Non Owner Occupied Commercial Real Estate [Member] | Sales Comparison [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	17.20%	17.80%
Other Real Estate Owned [Member] | All Other [Member] | Sales Comparison [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value	$ 6,984	$ 8,203
Other Real Estate Owned [Member] | All Other [Member] | Sales Comparison [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	24.60%	24.60%
Other Real Estate Owned [Member] | All Other [Member] | Sales Comparison [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	67.40%	50.30%
Other Real Estate Owned [Member] | All Other [Member] | Sales Comparison [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales (in hundredths)	35.40%	45.00%

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details) - Jul. 06, 2015 - Subsequent Event [Member] - Merger Agreement [Member] - First National Bankshares Corporation [Member] - USD ($) $ / shares in Units, $ in Millions	Total
Subsequent Event [Line Items]
Value of single bank holding	$ 261
Purchase price of entity acquired	$ 26.5
Purchase price of common stock (in dollars per share)	$ 31.82
Number of shares issued in acquisition (in shares)	1,400,000

Uncategorized Items - pfbi-2015

Label	Element	Value
Provision (credit) for loan losses	us-gaap_ProvisionForLoanAndLeaseLosses	$ (146)
Provision (credit) for loan losses	us-gaap_ProvisionForLoanAndLeaseLosses	$ (79)