Premier Financial Bancorp (PFBI) 10-Q 9 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 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		8,175,021
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 33,073	$ 35,147
Interest bearing bank balances	74,585	35,251
Federal funds sold	4,193	4,986
Cash and cash equivalents	111,851	75,384
Securities available for sale	228,610	229,750
Loans held for sale	0	226
Loans	855,062	879,711
Allowance for loan losses	(9,825)	(10,347)
Net loans	845,237	869,364
Federal Home Loan Bank stock, at cost	3,072	2,996
Premises and equipment, net	19,958	21,384
Real estate and other property acquired through foreclosure	13,674	12,208
Interest receivable	3,407	3,219
Goodwill	33,796	33,796
Other intangible assets	2,390	3,033
Other assets	1,249	1,464
Total assets	1,263,244	1,252,824
Deposits
Non-interest bearing	269,544	252,828
Time deposits, $250,000 and over	65,577	66,216
Other interest bearing	743,631	756,199
Total deposits	1,078,752	1,075,243
Securities sold under agreements to repurchase	20,532	15,580
Other borrowed funds	11,999	11,722
Interest payable	339	434
Other liabilities	4,560	4,063
Total liabilities	1,116,182	1,107,042
Stockholders' equity
Common stock, no par value; 20,000,000 shares authorized; 8,175,021 shares issued and outstanding at September 30, 2015, and 8,142,056 shares issued and outstanding at December 31, 2014	69,299	74,568
Retained earnings	75,967	69,719
Accumulated other comprehensive income (loss)	1,796	1,495
Total stockholders' equity	147,062	145,782
Total liabilities and stockholders' equity	$ 1,263,244	$ 1,252,824

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Sep. 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)	8,175,021	8,142,056
Common stock, shares outstanding (in shares)	8,175,021	8,142,056

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest income
Loans, including fees	$ 12,506	$ 12,056	$ 35,812	$ 34,981
Securities available for sale
Taxable	1,176	1,365	3,639	4,080
Tax-exempt	51	59	162	157
Federal funds sold and other	49	46	137	142
Total interest income	13,782	13,526	39,750	39,360
Interest expense
Deposits	858	953	2,661	2,800
Repurchase agreements and other	9	8	28	24
Other borrowings	132	139	391	427
Total interest expense	999	1,100	3,080	3,251
Net interest income	12,783	12,426	36,670	36,109
Provision for loan losses	309	536	232	147
Net interest income after provision for loan losses	12,474	11,890	36,438	35,962
Non-interest income
Service charges on deposit accounts	948	924	2,740	2,562
Electronic banking income	670	647	2,016	1,797
Secondary market mortgage income	38	73	98	142
Gain on disposition of securities	0	28	0	28
Other	146	186	415	493
Total non-interest income	1,802	1,858	5,269	5,022
Non-interest expenses
Salaries and employee benefits	4,149	4,400	12,965	13,257
Occupancy and equipment expenses	1,328	1,281	3,918	3,741
Outside data processing	1,104	1,079	3,275	2,977
Professional fees	189	(104)	497	641
Taxes, other than payroll, property and income	135	203	476	507
Write-downs, expenses, sales of other real estate owned, net	669	450	1,351	56
Amortization of intangibles	210	225	644	593
FDIC insurance	232	247	653	708
Other expenses	1,070	1,047	3,028	3,091
Total non-interest expenses	9,086	8,828	26,807	25,571
Income before income taxes	5,190	4,920	14,900	15,413
Provision for income taxes	1,865	1,769	5,306	5,492
Net income	3,325	3,151	9,594	9,921
Preferred stock dividends and accretion	0	(205)	0	(535)
Net income available to common stockholders	$ 3,325	$ 2,946	$ 9,594	$ 9,386
Net income per share:
Basic (in dollars per share)	$ 0.41	$ 0.36	$ 1.18	$ 1.16
Diluted (in dollars per share)	0.40	0.34	1.14	1.09
Dividends per share (in dollars per share)	$ 0.15	$ 0.12	$ 0.41	$ 0.47

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) [Abstract]
Net income	$ 3,325	$ 3,151	$ 9,594	$ 9,921
Other comprehensive income (loss):
Unrealized gains (losses) arising during the period	732	(577)	456	2,882
Reclassification of realized amount	0	(28)	0	(28)
Net change in unrealized gain on securities	732	(605)	456	2,854
Less tax impact	(249)	206	(155)	(970)
Other comprehensive income (loss)	483	(399)	301	1,884
Comprehensive income	$ 3,808	$ 2,752	$ 9,895	$ 11,805

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities
Net income	$ 9,594	$ 9,921
Adjustments to reconcile net income to net cash from operating activities
Depreciation	1,290	1,151
Provision for loan losses	232	147
Amortization (accretion), net	154	627
OREO writedowns (gains on sales), net	625	(679)
Stock compensation expense	188	208
Loans originated for sale	(1,679)	(5,167)
Secondary market loans sold	1,941	4,991
Secondary market income	(38)	(142)
Gain on disposition of securities	0	(28)
Changes in:
Interest receivable	(188)	461
Other assets	221	1,180
Interest payable	(95)	(74)
Other liabilities	337	981
Net cash from operating activities	12,582	13,577
Cash flows from investing activities
Purchases of securities available for sale	(51,610)	(36,435)
Proceeds from the sale of securities available for sale	0	4,842
Proceeds from maturities and calls of securities available for sale	52,396	36,654
Purchase of FHLB stock	(76)	0
Redemption of FHLB stock	0	408
Net change in loans	19,330	(20,249)
Acquisition of subsidiary, net of cash received	0	40,973
Purchases of premises and equipment, net	(624)	(725)
Improvements to OREO property	(29)	(189)
Proceeds from sales of other real estate acquired through foreclosure	4,424	3,370
Net cash from investing activities	23,811	28,649
Cash flows from financing activities
Net change in deposits	3,648	(31,373)
Net change in agreements to repurchase securities	4,952	1,836
Net change in short-term Federal Home Loan Bank advances	0	5,000
Redemption of Preferred Stock	0	(7,000)
Repayment of other borrowed funds	(15,669)	(1,814)
Proceeds from other borrowings	15,946	0
Proceeds from stock option exercises	218	567
Purchase of warrant	(5,675)	0
Common stock dividends paid	(3,346)	(3,796)
Preferred stock dividends paid	0	(490)
Net cash from financing activities	74	(37,070)
Net change in cash and cash equivalents	36,467	5,156
Cash and cash equivalents at beginning of period	75,384	76,761
Cash and cash equivalents at end of period	111,851	81,917
Supplemental disclosures of cash flow information:
Cash paid during period for interest	3,175	3,325
Cash paid during period for income taxes	4,686	4,179
Loans transferred to real estate acquired through foreclosure	5,726	1,552
Premises transferred to other real estate owned	$ 760	$ 0

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 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"): September 30, 2015 Year Total Net Income Subsidiary Location Acquired Assets Qtr YTD Citizens Deposit Bank & Trust Vanceburg, Kentucky 1991 $ 384,262 $ 1,067 $ 3,012 Premier Bank, Inc. Huntington, West Virginia 1998 877,056 2,704 7,979 Parent and Intercompany Eliminations 1,926 (446 ) (1,397 ) Consolidated Total $ 1,263,244 $ 3,325 $ 9,594 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	9 Months Ended
	Sep. 30, 2015
SECURITIES [Abstract]
SECURITIES	NOTE 2 –SECURITIES Amortized cost and fair value of investment securities, by category, at September 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 $ 93,376 $ 1,022 $ (54 ) $ 94,344 U. S. sponsored agency CMO's - residential 112,974 1,995 (506 ) 114,463 Total mortgage-backed securities of government sponsored agencies 206,350 3,017 (560 ) 208,807 U. S. government sponsored agency securities 10,445 76 - 10,521 Obligations of states and political subdivisions 9,094 197 (9 ) 9,282 Total available for sale $ 225,889 $ 3,290 $ (569 ) $ 228,610 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 22,533 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 September 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 $ 5,776 $ 5,793 Due after one year through five years 11,264 11,453 Due after five years through ten years 2,252 2,308 Due after ten years 247 249 Mortgage-backed securities of government sponsored agencies 206,350 208,807 Total available for sale $ 225,889 $ 228,610 There were no sales of securities during the first nine months of 2015. Proceeds from the sale of securities were $4,842,000 during the first nine months of 2014, while a $28,000 gain was recognized on the sale of those securities. Securities with unrealized losses at September 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 $ 17,479 $ (54 ) $ - $ - $ 17,479 $ (54 ) U.S government sponsored agency CMO – residential 3,908 (72 ) 20,894 (434 ) 24,802 (506 ) Obligations of states and political subdivisions 920 (9 ) - - 920 (9 ) Total temporarily impaired $ 22,307 $ (135 ) $ 20,894 $ (434 ) $ 43,201 $ (569 ) 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 September 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	9 Months Ended
	Sep. 30, 2015
LOANS [Abstract]
LOANS	NOTE 3 - LOANS Major classifications of loans at September 30, 2015 and December 31, 2014 are summarized as follows: 2015 2014 Residential real estate $ 284,052 $ 278,212 Multifamily real estate 37,202 30,310 Commercial real estate: Owner occupied 117,125 120,861 Non owner occupied 208,101 230,750 Commercial and industrial 76,314 85,943 Consumer 31,894 32,745 All other 100,374 100,890 $ 855,062 $ 879,711 Activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2015 was as follows: Loan Class Balance Dec 31, 2014 Provision (Credit) for loan losses Loans charged-off Recoveries Balance Sept 30, 2015 Residential real estate $ 2,093 $ 557 $ 102 $ 74 $ 2,622 Multifamily real estate 304 291 - - 595 Commercial real estate: Owner occupied 1,501 (3 ) 2 2 1,498 Non owner occupied 2,316 (599 ) - 659 2,376 Commercial and industrial 1,444 71 403 7 1,119 Consumer 243 128 167 82 286 All other 2,446 (213 ) 1,058 154 1,329 Total $ 10,347 $ 232 $ 1,732 $ 978 $ 9,825 Activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2014 was as follows: Loan Class Balance Dec 31, 2013 Provision (Credit) for loan losses Loans charged-off Recoveries Balance Sept 30, 2014 Residential real estate $ 2,694 $ (419 ) $ 308 $ 55 $ 2,022 Multifamily real estate 417 (137 ) - - 280 Commercial real estate: Owner occupied 1,407 112 207 - 1,312 Non owner occupied 2,037 310 323 - 2,024 Commercial and industrial 2,184 (335 ) 111 11 1,749 Consumer 297 (12 ) 105 45 225 All other 1,991 628 267 216 2,568 Total $ 11,027 $ 147 $ 1,321 $ 327 $ 10,180 Activity in the allowance for loan losses by portfolio segment for the three months ended September 30, 2015 was as follows: Loan Class Balance June 30, 2015 Provision (Credit) for loan losses Loans charged-off Recoveries Balance Sept. 30, 2015 Residential real estate $ 2,466 $ 185 $ 35 $ 6 $ 2,622 Multifamily real estate 512 83 - - 595 Commercial real estate: Owner occupied 1,476 21 - 1 1,498 Non owner occupied 2,332 44 - - 2,376 Commercial and industrial 1,139 211 234 3 1,119 Consumer 274 23 35 24 286 All other 2,495 (258 ) 946 38 1,329 Total $ 10,694 $ 309 $ 1,250 $ 72 $ 9,825 Activity in the allowance for loan losses by portfolio segment for the three months ended September 30, 2014 was as follows: Loan Class Balance June 30, 2014 Provision (Credit) for loan losses Loans charged-off Recoveries Balance Sept 30, 2014 Residential real estate $ 2,140 $ (28 ) $ 137 $ 47 $ 2,022 Multifamily real estate 311 (31 ) - - 280 Commercial real estate: Owner occupied 1,364 73 125 - 1,312 Non owner occupied 2,270 (246 ) - - 2,024 Commercial and industrial 1,489 281 27 6 1,749 Consumer 232 21 46 18 225 All other 2,071 466 63 94 2,568 Total $ 9,877 $ 536 $ 398 $ 165 $ 10,180 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 September 30, 2015 and December 31, 2014. 2015 2014 Multifamily real estate $ - $ 497 Commercial real estate Owner occupied 131 131 Non owner occupied 5,587 5,695 Commercial and industrial 114 136 All other - 5,128 Total carrying amount $ 5,832 $ 11,587 Contractual principal balance $ 7,450 $ 21,250 Carrying amount, net of allowance $ 5,718 $ 10,639 For those purchased loans disclosed above, the Company increased the allowance for loan losses by $66,000 for the three and nine months ended September 30, 2015. The allowance for loan losses was not increased for purchased impaired loans during the three and nine months ended September 30, 2014. For those purchased loans discussed above, where the Company can reasonably estimate the cash flows expected to be collected on the loans, a portion of the purchase discount is 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 is being recognized as interest income over the remaining life of the loan. Where the Company cannot reasonably estimate the cash flows expected to be collected on the loans, it 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 September 30, 2015 and September 30, 2014. 2015 2014 Balance at January 1 $ 204 $ 217 New loans purchased - - Accretion of income (14 ) (9 ) Reclassifications from non-accretable difference - - Disposals - - Balance at September 30 $ 190 $ 208 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 September 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. September 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 $ 2,439 $ 2,188 $ 971 Multifamily real estate 411 70 - Commercial real estate Owner occupied 879 806 1,132 Non owner occupied 1,928 1,628 1,811 Commercial and industrial 1,465 354 1,388 Consumer 211 198 - All other 88 33 - Total $ 7,431 $ 5,277 $ 5,302 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 September 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 $ 284,052 $ 5,320 $ 2,086 $ 7,406 $ 276,646 Multifamily real estate 37,202 312 70 382 36,820 Commercial real estate: Owner occupied 117,125 2,137 1,674 3,811 113,314 Non owner occupied 208,101 4,115 3,439 7,554 200,547 Commercial and industrial 76,314 303 1,571 1,874 74,440 Consumer 31,894 442 91 533 31,361 All other 100,374 904 - 904 99,470 Total $ 855,062 $ 13,533 $ 8,931 $ 22,464 $ 832,598 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 September 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 $ 177 $ 2,445 $ - $ 2,622 $ 475 $ 283,577 $ - $ 284,052 Multifamily real estate - 595 - 595 71 37,131 - 37,202 Commercial real estate: Owner occupied 33 1,465 - 1,498 772 116,222 131 117,125 Non-owner occupied - 2,376 - 2,376 4,212 198,302 5,587 208,101 Commercial and industrial 139 866 114 1,119 546 75,654 114 76,314 Consumer - 286 - 286 - 31,894 - 31,894 All other - 1,329 - 1,329 912 99,462 - 100,374 Total $ 349 $ 9,362 $ 114 $ 9,825 $ 6,988 $ 842,242 $ 5,832 $ 855,062 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 September 30, 2015. The table includes $114,000 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 $ 295 $ 254 $ - Multifamily real estate 412 71 - Commercial real estate Owner occupied 457 392 - Non owner occupied 4,512 4,212 - Commercial and industrial 1,180 407 - All other 967 912 - 7,823 6,248 - With an allowance recorded: Residential real estate $ 227 $ 221 $ 177 Commercial real estate Owner occupied 380 380 33 Commercial and industrial 536 253 253 1,143 854 463 Total $ 8,966 $ 7,102 $ 463 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 nine months ended September 30, 2015 and September 30, 2014. The table includes loans acquired with deteriorated credit quality that are still individually evaluated for impairment. Nine months ended Sept. 30, 2015 Nine months ended Sept. 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 $ 329 $ 5 $ 5 $ 2,421 $ 209 $ 209 Multifamily real estate 1,051 685 685 2,518 746 746 Commercial real estate: Owner occupied 1,157 25 25 2,171 39 30 Non-owner occupied 4,552 137 115 1,388 644 634 Commercial and industrial 856 20 20 2,152 546 546 All other 4,841 43 28 7,624 126 126 Total $ 12,786 $ 915 $ 878 $ 18,274 $ 2,310 $ 2,291 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 September 30, 2015 and September 30, 2014. The table includes loans acquired with deteriorated credit quality that are still individually evaluated for impairment. Three months ended Sept. 30, 2015 Three months ended Sept. 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 $ 523 $ 3 $ 3 $ 2,166 $ 148 $ 148 Multifamily real estate 305 671 671 2,328 19 19 Commercial real estate: Owner occupied 857 7 7 2,080 10 9 Non-owner occupied 4,304 43 34 1,679 17 7 Commercial and industrial 726 6 6 1,337 4 4 All other 3,487 14 - 7,475 45 45 Total $ 10,202 $ 744 $ 721 $ 17,065 $ 243 $ 232 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 September 30, 2015 and December 31, 2014: September 30, 2015 TDR's on Non-accrual Other TDR's Total TDR's Residential real estate $ 8 $ 176 $ 184 Commercial real estate Non owner occupied - 459 459 Commercial and industrial - 406 406 All other - 886 886 Total $ 8 $ 1,927 $ 1,935 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 September 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 nine months ended September 30, 2015. There were no TDR's that occurred during the nine months ended September 30, 2014. Nine months ended Sept. 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 above occurred during the three months ended March 31, 2015 and was fully repaid during the three months ended June 30, 2015. The modification 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. 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. During the three and nine months ended September 30, 2015 and the three and nine months ended September 30, 2014, there were no TDR's for which there was 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 September 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 $ 271,872 $ 5,268 $ 6,904 $ 8 $ 284,052 Multifamily real estate 32,858 2,055 2,289 - 37,202 Commercial real estate: Owner occupied 110,387 3,814 2,924 - 117,125 Non-owner occupied 198,092 2,917 7,092 - 208,101 Commercial and industrial 73,507 1,839 921 47 76,314 Consumer 31,503 223 168 - 31,894 All other 97,686 1,348 1,340 - 100,374 Total $ 815,905 $ 17,464 $ 21,638 $ 55 $ 855,062 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	9 Months Ended
	Sep. 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 September 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: September 30, 2015 December 31, 2014 Regulatory Minimum Requirements (1) To Be Considered Well Capitalized (1) Common Equity Tier 1 Capital (to Risk-Weighted Assets) 13.3 % n/ a 4.5 % 6.5 % Tier 1 Capital (to Risk-Weighted Assets) (1) 13.3 % 13.3 % 6.0 % 8.0 % Total Capital (to Risk-Weighted Assets) 14.4 % 14.6 % 8.0 % 10.0 % Tier 1 Capital (to Average Assets) 9.3 % 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 September 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	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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) 5.00 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 $188,000 was recorded for the first nine months of 2015 compared to $208,000 for the first nine months of 2014. For the three months ended September 30, $25,000 was recorded for 2015 while $38,000 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 $65,000 at September 30, 2015. This unrecognized expense is expected to be recognized over the next 29 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 nine months ended September 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 (37,081 ) 10.65 (77,896 ) 8.52 Forfeitures or expired (24,382 ) 14.03 (8,133 ) 9.27 Outstanding at September 30, 260,129 $ 11.51 314,552 $ 10.86 Exercisable at September 30, 184,794 209,299 Weighted average remaining life of options outstanding 6.0 6.1 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 September 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 96,878 $ 7.54 $ 649 96,878 5.6 $ 7.54 $ 649 $10.01 to $12.50 34,667 11.39 99 22,874 7.5 11.39 65 $12.51 to $15.00 108,084 14.26 24 44,542 3.8 13.75 24 $15.01 to $17.50 20,500 16.00 - 20,500 0.4 16.00 - Outstanding - Sept. 30, 2015 260,129 11.51 $ 772 184,794 4.8 10.46 $ 738

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 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 nine months ended September 30, 2015 and 2014 is presented below: Three Months Ended Sept. 30, Nine Months Ended Sept. 30, 2015 2014 2015 2014 Basic earnings per share Income available to common stockholders $ 3,325 $ 2,946 $ 9,594 $ 9,386 Weighted average common shares outstanding 8,172,577 8,108,722 8,158,003 8,077,428 Earnings per share $ 0.41 $ 0.36 $ 1.18 $ 1.16 Diluted earnings per share Income available to common stockholders $ 3,325 $ 2,946 $ 9,594 $ 9,386 Weighted average common shares outstanding 8,172,577 8,108,722 8,158,003 8,077,428 Add dilutive effects of potential additional common stock 65,090 512,166 259,466 506,420 Weighted average common and dilutive potential common shares outstanding 8,237,667 8,620,888 8,417,469 8,583,848 Earnings per share assuming dilution $ 0.40 $ 0.34 $ 1.14 $ 1.09 Stock options for 23,500 and 23,500 shares of common stock were not considered in computing diluted earnings per share for the nine months ended September 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 September 30, 2015 and 2014 because they were antidilutive.

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 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 September 30, 2015 were as follows: Fair Value Measurements at September 30, 2015 Using Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and due from banks $ 107,658 $ 107,658 $ - $ - $ 107,658 Federal funds sold 4,193 4,193 - - 4,193 Securities available for sale 228,610 - 228,610 - 228,610 Loans, net 845,237 - - 847,567 847,567 Federal Home Loan Bank stock 3,072 n/a n/a n/a n/a Interest receivable 3,407 - 626 2,781 3,407 Financial liabilities Deposits $ (1,078,752 ) $ (735,228 ) $ (342,422 ) $ - $ (1,077,650 ) Securities sold under agreements to repurchase (20,532 ) - (20,532 ) - (20,532 ) Other borrowed funds (11,999 ) - (12,051 ) - (12,051 ) Interest payable (339 ) (6 ) (333 ) - (339 ) 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 September 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 $ 94,344 $ - $ 94,344 $ - U. S. agency CMO's - residential 114,463 - 114,463 - Total mortgage-backed securities of government sponsored agencies 208,807 - 208,807 - U. S. government sponsored agency securities 10,521 - 10,521 - Obligations of states and political subdivisions 9,282 - 9,282 - Total available for sale $ 228,610 $ - $ 228,610 $ - 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 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 September 30, 2015: Securities Available-for-sale Quarter Ended September 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 September 30, 2015 are summarized below: Fair Value Measurements at September 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 $ 44 $ - $ - $ 44 Commercial real estate: Owner occupied 347 - - 347 Total impaired loans $ 391 $ - $ - $ 391 Other real estate owned: Residential real estate $ 648 $ - $ - $ 648 Commercial real estate: Owner occupied 39 - - 39 Non-owner occupied 2,253 - - 2,253 All other 5,339 - - 5,339 Total OREO $ 8,279 $ - $ - $ 8,279 Impaired loans, which are measured for impairment using the fair value of the collateral for collateral dependent loans, had a carrying amount of $854,000 at September 30, 2015 with a valuation allowance of $463,000 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 $136,000 for the nine months ended September 30, 2015, compared to an $473,000 negative provision for loan losses for the nine months ended September 30, 2014 and an $18,000 provision for loan losses for the three months ended September 30, 2015, compared to a $413,000 negative provision for loan losses for the three months ended September 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 $8,279,000 which is made up of the outstanding balance of $10,599,000 net of a valuation allowance of $2,320,000 at September 30, 2015. There were $614,000 of additional write downs during the nine months ended September 30, 2015, compared to $380,000 of additional write downs during the nine months ended September 30, 2014. For the three months ended September 30, 2015 there were $368,000 of additional write downs compared to $100,000 of additional write downs during the three months ended September 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 September 30, 2015 are summarized below: September 30, 2015 Valuation Techniques Unobservable Inputs Range (Weighted Avg) Impaired loans: Residential real estate $ 44 sales comparison adjustment for differences between the comparable sales 69.6%-69.6% (69.6%) Commercial real estate: Owner occupied 347 sales comparison adjustment for limited salability of specialized property 65.5%-72.4% (66.9%) Total impaired loans $ 391 Other real estate owned: Residential real estate $ 648 sales comparison adjustment for differences between the comparable sales 0.7%-31.6% (24.7%) Commercial real estate: Owner occupied 39 sales comparison adjustment for estimated realizable value 25.4%-25.4% (25.4%) Non-owner occupied 2,253 sales comparison adjustment for differences between the comparable sales 21.8%-23.4% (23.1%) All other 5,339 sales comparison adjustment for estimated realizable value 10.7%-37.6% (14.5%) Total OREO $ 8,279 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

PENDING ACQUISITION

PENDING ACQUISITION	9 Months Ended
	Sep. 30, 2015
PENDING ACQUISITION [Abstract]
PENDING ACQUISITION [Text Block]	NOTE 9 – PENDING ACQUISITION 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 $245 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 valued on the date of the announcement 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 valued on the date of the announcement 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 first quarter of 2016.

BASIS OF PRESENTATION (Tables)

BASIS OF PRESENTATION (Tables)	9 Months Ended
	Sep. 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"): September 30, 2015 Year Total Net Income Subsidiary Location Acquired Assets Qtr YTD Citizens Deposit Bank & Trust Vanceburg, Kentucky 1991 $ 384,262 $ 1,067 $ 3,012 Premier Bank, Inc. Huntington, West Virginia 1998 877,056 2,704 7,979 Parent and Intercompany Eliminations 1,926 (446 ) (1,397 ) Consolidated Total $ 1,263,244 $ 3,325 $ 9,594

SECURITIES (Tables)

SECURITIES (Tables)	9 Months Ended
	Sep. 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 September 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 $ 93,376 $ 1,022 $ (54 ) $ 94,344 U. S. sponsored agency CMO's - residential 112,974 1,995 (506 ) 114,463 Total mortgage-backed securities of government sponsored agencies 206,350 3,017 (560 ) 208,807 U. S. government sponsored agency securities 10,445 76 - 10,521 Obligations of states and political subdivisions 9,094 197 (9 ) 9,282 Total available for sale $ 225,889 $ 3,290 $ (569 ) $ 228,610 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 22,533 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	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 $ 5,776 $ 5,793 Due after one year through five years 11,264 11,453 Due after five years through ten years 2,252 2,308 Due after ten years 247 249 Mortgage-backed securities of government sponsored agencies 206,350 208,807 Total available for sale $ 225,889 $ 228,610
Securities in Continuous Unrealized Loss Position	Securities with unrealized losses at September 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 $ 17,479 $ (54 ) $ - $ - $ 17,479 $ (54 ) U.S government sponsored agency CMO – residential 3,908 (72 ) 20,894 (434 ) 24,802 (506 ) Obligations of states and political subdivisions 920 (9 ) - - 920 (9 ) Total temporarily impaired $ 22,307 $ (135 ) $ 20,894 $ (434 ) $ 43,201 $ (569 ) 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)	9 Months Ended
	Sep. 30, 2015
LOANS [Abstract]
Major Classifications of Loans	Major classifications of loans at September 30, 2015 and December 31, 2014 are summarized as follows: 2015 2014 Residential real estate $ 284,052 $ 278,212 Multifamily real estate 37,202 30,310 Commercial real estate: Owner occupied 117,125 120,861 Non owner occupied 208,101 230,750 Commercial and industrial 76,314 85,943 Consumer 31,894 32,745 All other 100,374 100,890 $ 855,062 $ 879,711
Activity in the Allowance for Loan Losses by Portfolio Segment	Activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2015 was as follows: Loan Class Balance Dec 31, 2014 Provision (Credit) for loan losses Loans charged-off Recoveries Balance Sept 30, 2015 Residential real estate $ 2,093 $ 557 $ 102 $ 74 $ 2,622 Multifamily real estate 304 291 - - 595 Commercial real estate: Owner occupied 1,501 (3 ) 2 2 1,498 Non owner occupied 2,316 (599 ) - 659 2,376 Commercial and industrial 1,444 71 403 7 1,119 Consumer 243 128 167 82 286 All other 2,446 (213 ) 1,058 154 1,329 Total $ 10,347 $ 232 $ 1,732 $ 978 $ 9,825 Activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2014 was as follows: Loan Class Balance Dec 31, 2013 Provision (Credit) for loan losses Loans charged-off Recoveries Balance Sept 30, 2014 Residential real estate $ 2,694 $ (419 ) $ 308 $ 55 $ 2,022 Multifamily real estate 417 (137 ) - - 280 Commercial real estate: Owner occupied 1,407 112 207 - 1,312 Non owner occupied 2,037 310 323 - 2,024 Commercial and industrial 2,184 (335 ) 111 11 1,749 Consumer 297 (12 ) 105 45 225 All other 1,991 628 267 216 2,568 Total $ 11,027 $ 147 $ 1,321 $ 327 $ 10,180 Activity in the allowance for loan losses by portfolio segment for the three months ended September 30, 2015 was as follows: Loan Class Balance June 30, 2015 Provision (Credit) for loan losses Loans charged-off Recoveries Balance Sept. 30, 2015 Residential real estate $ 2,466 $ 185 $ 35 $ 6 $ 2,622 Multifamily real estate 512 83 - - 595 Commercial real estate: Owner occupied 1,476 21 - 1 1,498 Non owner occupied 2,332 44 - - 2,376 Commercial and industrial 1,139 211 234 3 1,119 Consumer 274 23 35 24 286 All other 2,495 (258 ) 946 38 1,329 Total $ 10,694 $ 309 $ 1,250 $ 72 $ 9,825 Activity in the allowance for loan losses by portfolio segment for the three months ended September 30, 2014 was as follows: Loan Class Balance June 30, 2014 Provision (Credit) for loan losses Loans charged-off Recoveries Balance Sept 30, 2014 Residential real estate $ 2,140 $ (28 ) $ 137 $ 47 $ 2,022 Multifamily real estate 311 (31 ) - - 280 Commercial real estate: Owner occupied 1,364 73 125 - 1,312 Non owner occupied 2,270 (246 ) - - 2,024 Commercial and industrial 1,489 281 27 6 1,749 Consumer 232 21 46 18 225 All other 2,071 466 63 94 2,568 Total $ 9,877 $ 536 $ 398 $ 165 $ 10,180
Purchased Loans	The carrying amount of those loans is as follows at September 30, 2015 and December 31, 2014. 2015 2014 Multifamily real estate $ - $ 497 Commercial real estate Owner occupied 131 131 Non owner occupied 5,587 5,695 Commercial and industrial 114 136 All other - 5,128 Total carrying amount $ 5,832 $ 11,587 Contractual principal balance $ 7,450 $ 21,250 Carrying amount, net of allowance $ 5,718 $ 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 September 30, 2015 and September 30, 2014. 2015 2014 Balance at January 1 $ 204 $ 217 New loans purchased - - Accretion of income (14 ) (9 ) Reclassifications from non-accretable difference - - Disposals - - Balance at September 30 $ 190 $ 208
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 September 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. September 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 $ 2,439 $ 2,188 $ 971 Multifamily real estate 411 70 - Commercial real estate Owner occupied 879 806 1,132 Non owner occupied 1,928 1,628 1,811 Commercial and industrial 1,465 354 1,388 Consumer 211 198 - All other 88 33 - Total $ 7,431 $ 5,277 $ 5,302 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 September 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 $ 284,052 $ 5,320 $ 2,086 $ 7,406 $ 276,646 Multifamily real estate 37,202 312 70 382 36,820 Commercial real estate: Owner occupied 117,125 2,137 1,674 3,811 113,314 Non owner occupied 208,101 4,115 3,439 7,554 200,547 Commercial and industrial 76,314 303 1,571 1,874 74,440 Consumer 31,894 442 91 533 31,361 All other 100,374 904 - 904 99,470 Total $ 855,062 $ 13,533 $ 8,931 $ 22,464 $ 832,598 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 September 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 $ 177 $ 2,445 $ - $ 2,622 $ 475 $ 283,577 $ - $ 284,052 Multifamily real estate - 595 - 595 71 37,131 - 37,202 Commercial real estate: Owner occupied 33 1,465 - 1,498 772 116,222 131 117,125 Non-owner occupied - 2,376 - 2,376 4,212 198,302 5,587 208,101 Commercial and industrial 139 866 114 1,119 546 75,654 114 76,314 Consumer - 286 - 286 - 31,894 - 31,894 All other - 1,329 - 1,329 912 99,462 - 100,374 Total $ 349 $ 9,362 $ 114 $ 9,825 $ 6,988 $ 842,242 $ 5,832 $ 855,062 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 September 30, 2015. The table includes $114,000 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 $ 295 $ 254 $ - Multifamily real estate 412 71 - Commercial real estate Owner occupied 457 392 - Non owner occupied 4,512 4,212 - Commercial and industrial 1,180 407 - All other 967 912 - 7,823 6,248 - With an allowance recorded: Residential real estate $ 227 $ 221 $ 177 Commercial real estate Owner occupied 380 380 33 Commercial and industrial 536 253 253 1,143 854 463 Total $ 8,966 $ 7,102 $ 463 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 nine months ended September 30, 2015 and September 30, 2014. The table includes loans acquired with deteriorated credit quality that are still individually evaluated for impairment. Nine months ended Sept. 30, 2015 Nine months ended Sept. 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 $ 329 $ 5 $ 5 $ 2,421 $ 209 $ 209 Multifamily real estate 1,051 685 685 2,518 746 746 Commercial real estate: Owner occupied 1,157 25 25 2,171 39 30 Non-owner occupied 4,552 137 115 1,388 644 634 Commercial and industrial 856 20 20 2,152 546 546 All other 4,841 43 28 7,624 126 126 Total $ 12,786 $ 915 $ 878 $ 18,274 $ 2,310 $ 2,291 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 September 30, 2015 and September 30, 2014. The table includes loans acquired with deteriorated credit quality that are still individually evaluated for impairment. Three months ended Sept. 30, 2015 Three months ended Sept. 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 $ 523 $ 3 $ 3 $ 2,166 $ 148 $ 148 Multifamily real estate 305 671 671 2,328 19 19 Commercial real estate: Owner occupied 857 7 7 2,080 10 9 Non-owner occupied 4,304 43 34 1,679 17 7 Commercial and industrial 726 6 6 1,337 4 4 All other 3,487 14 - 7,475 45 45 Total $ 10,202 $ 744 $ 721 $ 17,065 $ 243 $ 232
Troubled Debt Restructurings	The following table presents TDR's as of September 30, 2015 and December 31, 2014: September 30, 2015 TDR's on Non-accrual Other TDR's Total TDR's Residential real estate $ 8 $ 176 $ 184 Commercial real estate Non owner occupied - 459 459 Commercial and industrial - 406 406 All other - 886 886 Total $ 8 $ 1,927 $ 1,935 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 nine months ended September 30, 2015. There were no TDR's that occurred during the nine months ended September 30, 2014. Nine months ended Sept. 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 September 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 $ 271,872 $ 5,268 $ 6,904 $ 8 $ 284,052 Multifamily real estate 32,858 2,055 2,289 - 37,202 Commercial real estate: Owner occupied 110,387 3,814 2,924 - 117,125 Non-owner occupied 198,092 2,917 7,092 - 208,101 Commercial and industrial 73,507 1,839 921 47 76,314 Consumer 31,503 223 168 - 31,894 All other 97,686 1,348 1,340 - 100,374 Total $ 815,905 $ 17,464 $ 21,638 $ 55 $ 855,062 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)	9 Months Ended
	Sep. 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: September 30, 2015 December 31, 2014 Regulatory Minimum Requirements (1) To Be Considered Well Capitalized (1) Common Equity Tier 1 Capital (to Risk-Weighted Assets) 13.3 % n/ a 4.5 % 6.5 % Tier 1 Capital (to Risk-Weighted Assets) (1) 13.3 % 13.3 % 6.0 % 8.0 % Total Capital (to Risk-Weighted Assets) 14.4 % 14.6 % 8.0 % 10.0 % Tier 1 Capital (to Average Assets) 9.3 % 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)	9 Months Ended
	Sep. 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) 5.00 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 nine months ended September 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 (37,081 ) 10.65 (77,896 ) 8.52 Forfeitures or expired (24,382 ) 14.03 (8,133 ) 9.27 Outstanding at September 30, 260,129 $ 11.51 314,552 $ 10.86 Exercisable at September 30, 184,794 209,299 Weighted average remaining life of options outstanding 6.0 6.1 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 September 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 96,878 $ 7.54 $ 649 96,878 5.6 $ 7.54 $ 649 $10.01 to $12.50 34,667 11.39 99 22,874 7.5 11.39 65 $12.51 to $15.00 108,084 14.26 24 44,542 3.8 13.75 24 $15.01 to $17.50 20,500 16.00 - 20,500 0.4 16.00 - Outstanding - Sept. 30, 2015 260,129 11.51 $ 772 184,794 4.8 10.46 $ 738

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2015 and 2014 is presented below: Three Months Ended Sept. 30, Nine Months Ended Sept. 30, 2015 2014 2015 2014 Basic earnings per share Income available to common stockholders $ 3,325 $ 2,946 $ 9,594 $ 9,386 Weighted average common shares outstanding 8,172,577 8,108,722 8,158,003 8,077,428 Earnings per share $ 0.41 $ 0.36 $ 1.18 $ 1.16 Diluted earnings per share Income available to common stockholders $ 3,325 $ 2,946 $ 9,594 $ 9,386 Weighted average common shares outstanding 8,172,577 8,108,722 8,158,003 8,077,428 Add dilutive effects of potential additional common stock 65,090 512,166 259,466 506,420 Weighted average common and dilutive potential common shares outstanding 8,237,667 8,620,888 8,417,469 8,583,848 Earnings per share assuming dilution $ 0.40 $ 0.34 $ 1.14 $ 1.09

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 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 September 30, 2015 were as follows: Fair Value Measurements at September 30, 2015 Using Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and due from banks $ 107,658 $ 107,658 $ - $ - $ 107,658 Federal funds sold 4,193 4,193 - - 4,193 Securities available for sale 228,610 - 228,610 - 228,610 Loans, net 845,237 - - 847,567 847,567 Federal Home Loan Bank stock 3,072 n/a n/a n/a n/a Interest receivable 3,407 - 626 2,781 3,407 Financial liabilities Deposits $ (1,078,752 ) $ (735,228 ) $ (342,422 ) $ - $ (1,077,650 ) Securities sold under agreements to repurchase (20,532 ) - (20,532 ) - (20,532 ) Other borrowed funds (11,999 ) - (12,051 ) - (12,051 ) Interest payable (339 ) (6 ) (333 ) - (339 ) 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 September 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 $ 94,344 $ - $ 94,344 $ - U. S. agency CMO's - residential 114,463 - 114,463 - Total mortgage-backed securities of government sponsored agencies 208,807 - 208,807 - U. S. government sponsored agency securities 10,521 - 10,521 - Obligations of states and political subdivisions 9,282 - 9,282 - Total available for sale $ 228,610 $ - $ 228,610 $ - 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
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 September 30, 2015: Securities Available-for-sale Quarter Ended September 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 September 30, 2015 are summarized below: Fair Value Measurements at September 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 $ 44 $ - $ - $ 44 Commercial real estate: Owner occupied 347 - - 347 Total impaired loans $ 391 $ - $ - $ 391 Other real estate owned: Residential real estate $ 648 $ - $ - $ 648 Commercial real estate: Owner occupied 39 - - 39 Non-owner occupied 2,253 - - 2,253 All other 5,339 - - 5,339 Total OREO $ 8,279 $ - $ - $ 8,279 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 September 30, 2015 are summarized below: September 30, 2015 Valuation Techniques Unobservable Inputs Range (Weighted Avg) Impaired loans: Residential real estate $ 44 sales comparison adjustment for differences between the comparable sales 69.6%-69.6% (69.6%) Commercial real estate: Owner occupied 347 sales comparison adjustment for limited salability of specialized property 65.5%-72.4% (66.9%) Total impaired loans $ 391 Other real estate owned: Residential real estate $ 648 sales comparison adjustment for differences between the comparable sales 0.7%-31.6% (24.7%) Commercial real estate: Owner occupied 39 sales comparison adjustment for estimated realizable value 25.4%-25.4% (25.4%) Non-owner occupied 2,253 sales comparison adjustment for differences between the comparable sales 21.8%-23.4% (23.1%) All other 5,339 sales comparison adjustment for estimated realizable value 10.7%-37.6% (14.5%) Total OREO $ 8,279 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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Consolidation, Wholly Owned Subsidiaries [Line Items]
Total Assets	$ 1,263,244		$ 1,263,244		$ 1,252,824
Net Income	3,325	$ 3,151	$ 9,594	$ 9,921
Citizens Deposit Bank & Trust [Member] | Vanceburg, Kentucky [Member]
Consolidation, Wholly Owned Subsidiaries [Line Items]
Year Acquired			1,991
Total Assets	384,262		$ 384,262
Net Income	1,067		$ 3,012
Premier Bank, Inc. [Member] | Huntington, West Virginia [Member]
Consolidation, Wholly Owned Subsidiaries [Line Items]
Year Acquired			1,998
Total Assets	877,056		$ 877,056
Net Income	2,704		7,979
Parent and Intercompany Eliminations [Member]
Consolidation, Wholly Owned Subsidiaries [Line Items]
Total Assets	1,926		1,926
Net Income	$ (446)		$ (1,397)

SECURITIES (Details)

SECURITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Available-for-sale Investment securities [Abstract]
Amortized Cost	$ 225,889	$ 227,486
Unrealized Gains	3,290	3,232
Unrealized Losses	(569)	(968)
Available for sale, Fair Value	228,610	229,750
U. S. Sponsored Agency MBS - Residential [Member]
Available-for-sale Investment securities [Abstract]
Amortized Cost	93,376	52,006
Unrealized Gains	1,022	774
Unrealized Losses	(54)	0
Available for sale, Fair Value	94,344	52,780
U. S. Sponsored Agency CMO's - Residential [Member]
Available-for-sale Investment securities [Abstract]
Amortized Cost	112,974	142,932
Unrealized Gains	1,995	2,167
Unrealized Losses	(506)	(911)
Available for sale, Fair Value	114,463	144,188
Total Mortgage-Backed Securities of Government Sponsored Agencies [Member]
Available-for-sale Investment securities [Abstract]
Amortized Cost	206,350	194,938
Unrealized Gains	3,017	2,941
Unrealized Losses	(560)	(911)
Available for sale, Fair Value	208,807	196,968
U. S. Government Sponsored Agency Securities [Member]
Available-for-sale Investment securities [Abstract]
Amortized Cost	10,445	22,533
Unrealized Gains	76	30
Unrealized Losses	0	(57)
Available for sale, Fair Value	10,521	22,506
Obligations of States and Political Subdivisions [Member]
Available-for-sale Investment securities [Abstract]
Amortized Cost	9,094	10,015
Unrealized Gains	197	261
Unrealized Losses	(9)	0
Available for sale, Fair Value	$ 9,282	$ 10,276

SECURITIES, By Contractual Matu

SECURITIES, By Contractual Maturity (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Amortized cost of available-for-sale securities by contractual maturity [Abstract]
Due in one year or less	$ 5,776
Due after one year through five years	11,264
Due after five years through ten years	2,252
Due after ten years	247
Mortgage-backed securities of government sponsored agencies	206,350
Available for sale, Amortized Cost	225,889
Fair value of available-for-sale securities by contractual maturity [Abstract]
Due in one year or less	5,793
Due after one year through five years	11,453
Due after five years through ten years	2,308
Due after ten years	249
Mortgage backed securities of government sponsored agencies	208,807
Available for sale, Fair Value	228,610		$ 229,750
Proceeds from the sale of securities	$ 0	$ 4,842
Gain on disposition of securities		$ 28

SECURITIES, With Unrealized Los

SECURITIES, With Unrealized Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 Months, Fair Value	$ 22,307	$ 15,165
12 Months or More, Fair Value	20,894	26,471
Total Fair Value	43,201	41,636
Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 Months, Unrealized Loss	(135)	(109)
12 Months or More, Unrealized Loss	(434)	(859)
Total Unrealized Loss	(569)	(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	17,479
12 Months or More, Fair Value	0
Total Fair Value	17,479
Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 Months, Unrealized Loss	(54)
12 Months or More, Unrealized Loss	0
Total Unrealized Loss	(54)
U. S. Government Sponsored Agency CMO's - Residential [Member]
Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 Months, Fair Value	3,908	5,194
12 Months or More, Fair Value	20,894	26,471
Total Fair Value	24,802	31,665
Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 Months, Unrealized Loss	(72)	(52)
12 Months or More, Unrealized Loss	(434)	(859)
Total Unrealized Loss	(506)	$ (911)
Obligations of States and Political Subdivisions [Member]
Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 Months, Fair Value	920
12 Months or More, Fair Value	0
Total Fair Value	920
Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 Months, Unrealized Loss	(9)
12 Months or More, Unrealized Loss	0
Total Unrealized Loss	$ (9)

LOANS, Major Classifications of

LOANS, Major Classifications of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 855,062	$ 879,711
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	284,052	278,212
Multifamily Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	37,202	30,310
Commercial Real Estate [Member] | Owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	117,125	120,861
Commercial Real Estate [Member] | Non Owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	208,101	230,750
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	76,314	85,943
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	31,894	32,745
All Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 100,374	$ 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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	$ 10,694	$ 9,877	$ 10,347	$ 11,027
Provision (credit) for loan losses	309	536	232	147
Loans charged-off	1,250	398	1,732	1,321
Recoveries	72	165	978	327
Balance, end of period	9,825	10,180	9,825	10,180
Residential Real Estate [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	2,466	2,140	2,093	2,694
Provision (credit) for loan losses	185	(28)	557	(419)
Loans charged-off	35	137	102	308
Recoveries	6	47	74	55
Balance, end of period	2,622	2,022	2,622	2,022
Multifamily Real Estate [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	512	311	304	417
Provision (credit) for loan losses	83	(31)	291	(137)
Loans charged-off	0	0	0	0
Recoveries	0	0	0	0
Balance, end of period	595	280	595	280
Commercial Real Estate [Member] | Owner Occupied [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	1,476	1,364	1,501	1,407
Provision (credit) for loan losses	21	73	(3)	112
Loans charged-off	0	125	2	207
Recoveries	1	0	2	0
Balance, end of period	1,498	1,312	1,498	1,312
Commercial Real Estate [Member] | Non Owner Occupied [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	2,332	2,270	2,316	2,037
Provision (credit) for loan losses	44	(246)	(599)	310
Loans charged-off	0	0	0	323
Recoveries	0	0	659	0
Balance, end of period	2,376	2,024	2,376	2,024
Commercial and Industrial [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	1,139	1,489	1,444	2,184
Provision (credit) for loan losses	211	281	71	(335)
Loans charged-off	234	27	403	111
Recoveries	3	6	7	11
Balance, end of period	1,119	1,749	1,119	1,749
Consumer [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	274	232	243	297
Provision (credit) for loan losses	23	21	128	(12)
Loans charged-off	35	46	167	105
Recoveries	24	18	82	45
Balance, end of period	286	225	286	225
All Other [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	2,495	2,071	2,446	1,991
Provision (credit) for loan losses	(258)	466	(213)	628
Loans charged-off	946	63	1,058	267
Recoveries	38	94	154	216
Balance, end of period	$ 1,329	$ 2,568	$ 1,329	$ 2,568

LOANS, Purchased Loans (Details

LOANS, Purchased Loans (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Purchased loans [Abstract]
Loans and leases receivable purchased with deteriorated credit quality	$ 5,832	$ 5,832		$ 11,587
Contractual principal balance	7,450	7,450		21,250
Carrying amount, net of allowance	5,718	5,718		10,639
Increase in allowance for loan losses related to purchased loans	66	66	$ 0
Accretable Yield [Roll Forward]
Beginning Balance		204	217
New loans purchased		0	0
Accretion of income		(14)	(9)
Reclassifications from non-accretable difference		0	0
Disposals		0	0
Ending Balance	190	190	$ 208
Multifamily Real Estate [Member]
Purchased loans [Abstract]
Loans and leases receivable purchased with deteriorated credit quality	0	0		497
Commercial Real Estate [Member] | Owner Occupied [Member]
Purchased loans [Abstract]
Loans and leases receivable purchased with deteriorated credit quality	131	131		131
Commercial Real Estate [Member] | Non Owner Occupied [Member]
Purchased loans [Abstract]
Loans and leases receivable purchased with deteriorated credit quality	5,587	5,587		5,695
Commercial and Industrial [Member]
Purchased loans [Abstract]
Loans and leases receivable purchased with deteriorated credit quality	114	114		136
All Other [Member]
Purchased loans [Abstract]
Loans and leases receivable purchased with deteriorated credit quality	$ 0	$ 0		$ 5,128

LOANS, Past Due And Non-perform

LOANS, Past Due And Non-performing Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Past due and non-performing loans [Abstract]
Principal owed on non-accrual loans	$ 7,431	$ 22,767
Recorded investment in non-accrual loans	5,277	12,712
Loans past due over 90 days, still accruing	5,302	1,266
Residential Real Estate [Member]
Past due and non-performing loans [Abstract]
Principal owed on non-accrual loans	2,439	1,996
Recorded investment in non-accrual loans	2,188	1,768
Loans past due over 90 days, still accruing	971	668
Multifamily Real Estate [Member]
Past due and non-performing loans [Abstract]
Principal owed on non-accrual loans	411	1,803
Recorded investment in non-accrual loans	70	1,033
Loans past due over 90 days, still accruing	0	564
Commercial Real Estate [Member] | Owner Occupied [Member]
Past due and non-performing loans [Abstract]
Principal owed on non-accrual loans	879	2,115
Recorded investment in non-accrual loans	806	1,928
Loans past due over 90 days, still accruing	1,132	0
Commercial Real Estate [Member] | Non Owner Occupied [Member]
Past due and non-performing loans [Abstract]
Principal owed on non-accrual loans	1,928	2,020
Recorded investment in non-accrual loans	1,628	1,819
Loans past due over 90 days, still accruing	1,811	26
Commercial and Industrial [Member]
Past due and non-performing loans [Abstract]
Principal owed on non-accrual loans	1,465	2,012
Recorded investment in non-accrual loans	354	806
Loans past due over 90 days, still accruing	1,388	8
Consumer [Member]
Past due and non-performing loans [Abstract]
Principal owed on non-accrual loans	211	213
Recorded investment in non-accrual loans	198	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	88	12,608
Recorded investment in non-accrual loans	33	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	Sep. 30, 2015	Dec. 31, 2014
Aging of recorded investment in past due loans [Abstract]
Total loans	$ 855,062	$ 879,711
Total past due	22,464	22,673
Loans not past due	832,598	857,038
30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	13,533	10,861
Greater than 90 days past due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	8,931	11,812
Residential Real Estate [Member]
Aging of recorded investment in past due loans [Abstract]
Total loans	284,052	278,212
Total past due	7,406	7,516
Loans not past due	276,646	270,696
Residential Real Estate [Member] | 30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	5,320	5,810
Residential Real Estate [Member] | Greater than 90 days past due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	2,086	1,706
Multifamily Real Estate [Member]
Aging of recorded investment in past due loans [Abstract]
Total loans	37,202	30,310
Total past due	382	1,277
Loans not past due	36,820	29,033
Multifamily Real Estate [Member] | 30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	312	177
Multifamily Real Estate [Member] | Greater than 90 days past due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	70	1,100
Commercial Real Estate [Member] | Owner Occupied [Member]
Aging of recorded investment in past due loans [Abstract]
Total loans	117,125	120,861
Total past due	3,811	1,780
Loans not past due	113,314	119,081
Commercial Real Estate [Member] | Owner Occupied [Member] | 30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	2,137	250
Commercial Real Estate [Member] | Owner Occupied [Member] | Greater than 90 days past due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	1,674	1,530
Commercial Real Estate [Member] | Non Owner Occupied [Member]
Aging of recorded investment in past due loans [Abstract]
Total loans	208,101	230,750
Total past due	7,554	3,843
Loans not past due	200,547	226,907
Commercial Real Estate [Member] | Non Owner Occupied [Member] | 30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	4,115	2,173
Commercial Real Estate [Member] | Non Owner Occupied [Member] | Greater than 90 days past due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	3,439	1,670
Commercial and Industrial [Member]
Aging of recorded investment in past due loans [Abstract]
Total loans	76,314	85,943
Total past due	1,874	2,328
Loans not past due	74,440	83,615
Commercial and Industrial [Member] | 30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	303	1,720
Commercial and Industrial [Member] | Greater than 90 days past due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	1,571	608
Consumer [Member]
Aging of recorded investment in past due loans [Abstract]
Total loans	31,894	32,745
Total past due	533	568
Loans not past due	31,361	32,177
Consumer [Member] | 30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	442	497
Consumer [Member] | Greater than 90 days past due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	91	71
All Other [Member]
Aging of recorded investment in past due loans [Abstract]
Total loans	100,374	100,890
Total past due	904	5,361
Loans not past due	99,470	95,529
All Other [Member] | 30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	904	234
All Other [Member] | Greater than 90 days past due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	$ 0	$ 5,127

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	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	$ 349		$ 452
Collectively evaluated for impairment, allowance for loan losses	9,362		8,947
Total allowance for loan losses	9,825	$ 10,694	10,347	$ 10,180	$ 9,877	$ 11,027
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	6,988		9,569
Collectively evaluated for impairment, loan balances	842,242		858,555
Total loans	855,062		879,711
Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	114		948
Loans Balances [Abstract]
Acquired with deteriorated credit quality, loan balances	5,832		11,587
Residential Real Estate [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	177		0
Collectively evaluated for impairment, allowance for loan losses	2,445		2,093
Total allowance for loan losses	2,622	2,466	2,093	2,022	2,140	2,694
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	475		137
Collectively evaluated for impairment, loan balances	283,577		278,075
Total loans	284,052		278,212
Residential Real Estate [Member] | Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	0		0
Loans Balances [Abstract]
Acquired with deteriorated credit quality, loan balances	0		0
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	595		304
Total allowance for loan losses	595	512	304	280	311	417
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	71		536
Collectively evaluated for impairment, loan balances	37,131		29,277
Total loans	37,202		30,310
Multifamily Real Estate [Member] | Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	0		0
Loans Balances [Abstract]
Acquired with deteriorated credit quality, loan balances	0		497
Commercial Real Estate [Member] | Owner Occupied [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	33		107
Collectively evaluated for impairment, allowance for loan losses	1,465		1,394
Total allowance for loan losses	1,498	1,476	1,501	1,312	1,364	1,407
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	772		2,011
Collectively evaluated for impairment, loan balances	116,222		118,719
Total loans	117,125		120,861
Commercial Real Estate [Member] | Owner Occupied [Member] | Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	0		0
Loans Balances [Abstract]
Acquired with deteriorated credit quality, loan balances	131		131
Commercial Real Estate [Member] | Non Owner Occupied [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	0		54
Collectively evaluated for impairment, allowance for loan losses	2,376		2,262
Total allowance for loan losses	2,376	2,332	2,316	2,024	2,270	2,037
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	4,212		4,874
Collectively evaluated for impairment, loan balances	198,302		220,181
Total loans	208,101		230,750
Commercial Real Estate [Member] | Non Owner Occupied [Member] | Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	0		0
Loans Balances [Abstract]
Acquired with deteriorated credit quality, loan balances	5,587		5,695
Commercial and Industrial [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	139		291
Collectively evaluated for impairment, allowance for loan losses	866		1,105
Total allowance for loan losses	1,119	1,139	1,444	1,749	1,489	2,184
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	546		902
Collectively evaluated for impairment, loan balances	75,654		84,905
Total loans	76,314		85,943
Commercial and Industrial [Member] | Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	114		48
Loans Balances [Abstract]
Acquired with deteriorated credit quality, loan balances	114		136
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	286		243
Total allowance for loan losses	286	274	243	225	232	297
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	0		0
Collectively evaluated for impairment, loan balances	31,894		32,745
Total loans	31,894		32,745
Consumer [Member] | Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	0		0
Loans Balances [Abstract]
Acquired with deteriorated credit quality, loan balances	0		0
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	1,329		1,546
Total allowance for loan losses	1,329	$ 2,495	2,446	$ 2,568	$ 2,071	$ 1,991
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	912		1,109
Collectively evaluated for impairment, loan balances	99,462		94,653
Total loans	100,374		100,890
All Other [Member] | Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	0		900
Loans Balances [Abstract]
Acquired with deteriorated credit quality, loan balances	$ 0		$ 5,128

LOANS, Individually Evaluated F

LOANS, Individually Evaluated For Impairment (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
LOANS [Abstract]
Purchased financing receivable individually evaluated for impairment	$ 114	$ 5,673
Loans individually evaluated for impairment [Abstract]
Unpaid principal balance	8,966	24,803
Recorded investment	7,102	15,242
Allowance for loan losses allocated	463	1,400
With no related allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid principal balance	7,823	9,958
Recorded investment	6,248	8,042
Allowance for loan losses allocated	0	0
With an allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid principal balance	1,143	14,845
Recorded investment	854	7,200
Allowance for loan losses allocated	463	1,400
Residential Real Estate [Member] | With no related allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid principal balance	295	179
Recorded investment	254	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	227
Recorded investment	221
Allowance for loan losses allocated	177
Multifamily Real Estate [Member] | With no related allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid principal balance	412	1,803
Recorded investment	71	1,033
Allowance for loan losses allocated	0	0
Commercial Real Estate [Member] | Owner Occupied [Member] | With no related allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid principal balance	457	1,404
Recorded investment	392	1,304
Allowance for loan losses allocated	0	0
Commercial Real Estate [Member] | Owner Occupied [Member] | With an allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid principal balance	380	707
Recorded investment	380	707
Allowance for loan losses allocated	33	107
Commercial Real Estate [Member] | Non Owner Occupied [Member] | With no related allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid principal balance	4,512	4,398
Recorded investment	4,212	4,190
Allowance for loan losses allocated	0	0
Commercial Real Estate [Member] | Non Owner Occupied [Member] | With an allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid principal balance		684
Recorded investment		684
Allowance for loan losses allocated		54
Commercial and Industrial [Member] | With no related allowance recorded: [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid principal balance	1,180	1,030
Recorded investment	407	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	536	929
Recorded investment	253	680
Allowance for loan losses allocated	253	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		12,525
Recorded investment		5,129
Allowance for loan losses allocated		$ 900

LOANS, Average Balance of Loans

LOANS, Average Balance of Loans Individually Evaluated For Impairment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Financing Receivable, Impaired [Line Items]
Average recorded investment	$ 10,202	$ 17,065	$ 12,786	$ 18,274
Interest income recognized	744	243	915	2,310
Cash basis interest recognized	721	232	878	2,291
Residential Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	523	2,166	329	2,421
Interest income recognized	3	148	5	209
Cash basis interest recognized	3	148	5	209
Multifamily Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	305	2,328	1,051	2,518
Interest income recognized	671	19	685	746
Cash basis interest recognized	671	19	685	746
Commercial Real Estate [Member] | Owner Occupied [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	857	2,080	1,157	2,171
Interest income recognized	7	10	25	39
Cash basis interest recognized	7	9	25	30
Commercial Real Estate [Member] | Non Owner Occupied [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	4,304	1,679	4,552	1,388
Interest income recognized	43	17	137	644
Cash basis interest recognized	34	7	115	634
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	726	1,337	856	2,152
Interest income recognized	6	4	20	546
Cash basis interest recognized	6	4	20	546
All Other [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	3,487	7,475	4,841	7,624
Interest income recognized	14	45	43	126
Cash basis interest recognized	$ 0	$ 45	$ 28	$ 126

LOANS, Troubled Debt Restructur

LOANS, Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Modifications [Line Items]
TDR's on Non-accrual	$ 8	$ 13
Other TDR's	1,927	2,489
Total TDR's	1,935	2,502
Residential Real Estate [Member]
Financing Receivable, Modifications [Line Items]
TDR's on Non-accrual	8	13
Other TDR's	176	191
Total TDR's	184	204
Commercial Real Estate [Member] | Non Owner Occupied [Member]
Financing Receivable, Modifications [Line Items]
TDR's on Non-accrual	0	0
Other TDR's	459	474
Total TDR's	459	474
Commercial and Industrial [Member]
Financing Receivable, Modifications [Line Items]
TDR's on Non-accrual	0	0
Other TDR's	406	761
Total TDR's	406	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) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)Loan
Financing Receivable, Modifications [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]
Financing Receivable, Modifications [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	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 855,062	$ 879,711
Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	284,052	278,212
Multifamily Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	37,202	30,310
Commercial Real Estate [Member] | Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	117,125	120,861
Commercial Real Estate [Member] | Non Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	208,101	230,750
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	76,314	85,943
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	31,894	32,745
All Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	100,374	100,890
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	815,905	827,711
Pass [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	271,872	265,285
Pass [Member] | Multifamily Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	32,858	27,260
Pass [Member] | Commercial Real Estate [Member] | Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	110,387	111,024
Pass [Member] | Commercial Real Estate [Member] | Non Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	198,092	218,971
Pass [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	73,507	83,634
Pass [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	31,503	32,364
Pass [Member] | All Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	97,686	89,173
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	17,464	29,613
Special Mention [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	5,268	8,292
Special Mention [Member] | Multifamily Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,055	2,017
Special Mention [Member] | Commercial Real Estate [Member] | Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	3,814	6,505
Special Mention [Member] | Commercial Real Estate [Member] | Non Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,917	6,652
Special Mention [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,839	1,007
Special Mention [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	223	267
Special Mention [Member] | All Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,348	4,873
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	21,638	22,347
Substandard [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	6,904	4,622
Substandard [Member] | Multifamily Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,289	1,033
Substandard [Member] | Commercial Real Estate [Member] | Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,924	3,332
Substandard [Member] | Commercial Real Estate [Member] | Non Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	7,092	5,127
Substandard [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	921	1,275
Substandard [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	168	114
Substandard [Member] | All Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,340	6,844
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	55	40
Doubtful [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8	13
Doubtful [Member] | Multifamily Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful [Member] | Commercial Real Estate [Member] | Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful [Member] | Commercial Real Estate [Member] | Non Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	47	27
Doubtful [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful [Member] | All Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 0	$ 0

STOCKHOLDERS' EQUITY AND REGU38

STOCKHOLDERS' EQUITY AND REGULATORY MATTERS (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 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)	13.30%
Common Equity Tier I Capital (to Risk-Weighted Assets), Regulatory Minimum Requirements	4.50%
Common Equity Tier I Capital (to Risk-Weighted Assets), To Be Considered Well Capitalized	6.50%
Tier I Capital (to Risk-Weighted Assets)	13.30%		13.30%
Tier I Capital (to Risk-Weighted Assets), Regulatory Minimum Requirements	6.00%	[1]	4.00%
Tier I Capital (to Risk-Weighted Assets), To Be Considered Well Capitalized	8.00%	[1]	6.00%
Total Capital (to Risk-Weighted Assets)	14.40%		14.60%
Total Capital (to Risk-Weighted Assets), Regulatory Minimum Requirements	8.00%
Total Capital (to Risk-Weighted Assets), To Be Considered Well Capitalized	10.00%
Tier I Capital (to Average Assets)	9.30%		9.10%
Tier I Capital (to Average Assets), Regulatory Minimum Requirements	4.00%
Tier I Capital (to Average Assets), To Be Considered Well Capitalized	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	Sep. 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		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	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 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			$ 25,000	$ 38,000	$ 188,000	$ 208,000
Unrecognized stock-based compensation expense			$ 65,000		$ 65,000
Unrecognized stock-based compensation, period of recognition					29 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	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Assumptions used in the black-scholes option-pricing model [Abstract]
Risk-free interest rate	1.41%	2.78%
Expected option life	5 years	10 years
Expected stock price volatility	17.20%	31.19%
Dividend yield	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	9 Months Ended
	Sep. 30, 2015	Sep. 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)	(37,081)	(77,896)
Forfeitures or expired (in shares)	(24,382)	(8,133)
Outstanding at end of period (in shares)	260,129	314,552
Exercisable at end of period (in shares)	184,794	209,299
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)	10.65	8.52
Forfeitures or expired (in dollars per share)	14.03	9.27
Outstanding at end of period (in dollars per share)	$ 11.51	$ 10.86
Weighted average remaining life of options outstanding	6 years	6 years 1 month 6 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) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)$ / sharesshares
Share-based Compensation, Shares Granted under Stock Option Plans, Exercise Price Range [Line Items]
Outstanding, Number (in shares) | shares	260,129
Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 11.51
Outstanding, Aggregate Intrinsic Value | $	$ 772
Currently Exercisable, Number (in shares) | shares	184,794
Currently Exercisable, Weighted Average Remaining Contractual Life	4 years 9 months 18 days
Currently Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 10.46
Currently Exercisable, Aggregate Intrinsic Value | $	$ 738
$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) | shares	96,878
Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 7.54
Outstanding, Aggregate Intrinsic Value | $	$ 649
Currently Exercisable, Number (in shares) | shares	96,878
Currently Exercisable, Weighted Average Remaining Contractual Life	5 years 7 months 6 days
Currently Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 7.54
Currently Exercisable, Aggregate Intrinsic Value | $	$ 649
$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) | shares	34,667
Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 11.39
Outstanding, Aggregate Intrinsic Value | $	$ 99
Currently Exercisable, Number (in shares) | shares	22,874
Currently Exercisable, Weighted Average Remaining Contractual Life	7 years 6 months
Currently Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 11.39
Currently Exercisable, Aggregate Intrinsic Value | $	$ 65
$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) | shares	108,084
Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 14.26
Outstanding, Aggregate Intrinsic Value | $	$ 24
Currently Exercisable, Number (in shares) | shares	44,542
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 | $	$ 24
$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) | shares	20,500
Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 16
Outstanding, Aggregate Intrinsic Value | $	$ 0
Currently Exercisable, Number (in shares) | shares	20,500
Currently Exercisable, Weighted Average Remaining Contractual Life	4 months 24 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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Basic earnings per share [Abstract]
Income available to common stockholders	$ 3,325	$ 2,946	$ 9,594	$ 9,386
Weighted average common shares outstanding (in shares)	8,172,577	8,108,722	8,158,003	8,077,428
Earnings per share (in dollars per share)	$ 0.41	$ 0.36	$ 1.18	$ 1.16
Diluted earnings per share [Abstract]
Income available to common stockholders	$ 3,325	$ 2,946	$ 9,594	$ 9,386
Weighted average common shares outstanding (in shares)	8,172,577	8,108,722	8,158,003	8,077,428
Add dilutive effects of potential additional common stock (in shares)	65,090	512,166	259,466	506,420
Weighted average common and dilutive potential common shares outstanding (in shares)	8,237,667	8,620,888	8,417,469	8,583,848
Earnings per share assuming dilution (in dollars per share)	$ 0.40	$ 0.34	$ 1.14	$ 1.09
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	Sep. 30, 2015	Dec. 31, 2014
Financial assets [Abstract]
Securities available for sale	$ 228,610	$ 229,750
Level 1 [Member]
Financial assets [Abstract]
Cash and due from banks	107,658	70,398
Federal funds sold	4,193	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	(735,228)	(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	228,610	229,610
Loans held for sale		0
Loans, net	0	0
Interest receivable	626	625
Financial liabilities [Abstract]
Deposits	(342,422)	(363,481)
Securities sold under agreements to repurchase	(20,532)	(15,580)
Other borrowed funds	(12,051)	(11,760)
Interest payable	(333)	(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	847,567	870,273
Interest receivable	2,781	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	107,658	70,398
Federal funds sold	4,193	4,986
Securities available for sale	228,610	229,750
Loans held for sale		226
Loans, net	845,237	869,364
Federal Home Loan Bank stock	3,072	2,996
Interest receivable	3,407	3,219
Financial liabilities [Abstract]
Deposits	(1,078,752)	(1,075,243)
Securities sold under agreements to repurchase	(20,532)	(15,580)
Other borrowed funds	(11,999)	(11,722)
Interest payable	(339)	(434)
Fair Value [Member]
Financial assets [Abstract]
Cash and due from banks	107,658	70,398
Federal funds sold	4,193	4,986
Securities available for sale	228,610	229,750
Loans held for sale		226
Loans, net	847,567	870,273
Interest receivable	3,407	3,219
Financial liabilities [Abstract]
Deposits	(1,077,650)	(1,074,599)
Securities sold under agreements to repurchase	(20,532)	(15,580)
Other borrowed funds	(12,051)	(11,760)
Interest payable	$ (339)	$ (434)

FAIR VALUE, Assets and Liabilit

FAIR VALUE, Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Securities available for sale
Available for sale, Fair Value	$ 228,610	$ 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	228,610	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	228,610	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	94,344	52,780
U. S. agency CMO's - residential	114,463	144,188
Total mortgage-backed securities of government sponsored agencies	208,807	196,968
U. S. government sponsored agency securities	10,521	22,506
Obligations of states and political subdivisions	9,282	10,136
Available for sale, Fair Value	228,610	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	94,344	52,780
U. S. agency CMO's - residential	114,463	144,188
Total mortgage-backed securities of government sponsored agencies	208,807	196,968
U. S. government sponsored agency securities	10,521	22,506
Obligations of states and political subdivisions	9,282	10,276
Available for sale, Fair Value	$ 228,610	$ 229,750

FAIR VALUE, Unobservable Input

FAIR VALUE, Unobservable Input Reconciliation (Details) - Securities Available-for-sale [Member] $ in Thousands	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Impaired Loans Additional Disclosure [Abstract]
Recorded investment in impaired loans carried at fair value	$ 854		$ 854		$ 7,200
Valuation allowance for impaired loans	463		463		1,400
Impaired collateral dependent loans, provision for loan losses	18	$ (413)	136	$ (473)
Other Real Estate Owned Additional Disclosure [Abstract]
Recorded investment in other real estate owned carried at fair value - gross	10,599		10,599		12,343
Valuation allowance for other real estate owned	2,320		2,320		2,137
Write downs	368	$ 100	614	$ 380
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
Commercial and industrial					0
All other					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
Commercial and industrial					0
All other					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	44		44
Owner occupied commercial real estate	347		347		600
Non-owner occupied commercial real estate					630
Commercial and industrial					341
All other					4,229
Total impaired loans	391		391		5,800
Other real estate owned: [Abstract]
Residential Real Estate	648		648
Owner occupied commercial real estate	39		39
Non-owner occupied commercial real estate	2,253		2,253		2,003
All other	5,339		5,339		8,203
Total OREO	8,279		8,279		10,206
Nonrecurring [Member] | Carrying Amount [Member]
Impaired loans: [Abstract]
Residential real estate	44		44
Owner occupied commercial real estate	347		347		600
Non-owner occupied commercial real estate					630
Commercial and industrial					341
All other					4,229
Total impaired loans	391		391		5,800
Other real estate owned: [Abstract]
Residential Real Estate	648		648
Owner occupied commercial real estate	39		39
Non-owner occupied commercial real estate	2,253		2,253		2,003
All other	5,339		5,339		8,203
Total OREO	$ 8,279		$ 8,279		$ 10,206

FAIR VALUE, Asset Quantitative

FAIR VALUE, Asset Quantitative Information (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value	$ 391	$ 5,800
Impaired Loans [Member] | Residential Real Estate [Member] | Sales Comparison [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value	$ 44
Impaired Loans [Member] | Residential Real Estate [Member] | Sales Comparison [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales	69.60%
Impaired Loans [Member] | Residential Real Estate [Member] | Sales Comparison [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales	69.60%
Impaired Loans [Member] | Residential Real Estate [Member] | Sales Comparison [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales	69.60%
Impaired Loans [Member] | Owner Occupied Commercial Real Estate [Member] | Sales Comparison [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value	$ 347	$ 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	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	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	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		$ 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		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		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		16.90%
Impaired Loans [Member] | Commercial and Industrial [Member] | Sales Comparison [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value		$ 341
Impaired Loans [Member] | Commercial and Industrial [Member] | Sales Comparison [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales		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		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		27.00%
Impaired Loans [Member] | All Other [Member] | Sales Comparison [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value		$ 4,229
Impaired Loans [Member] | All Other [Member] | Sales Comparison [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales		57.30%
Impaired Loans [Member] | All Other [Member] | Sales Comparison [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Comparability of sales		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		57.30%
Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value	$ 8,279	$ 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	$ 648
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	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	31.60%
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	24.70%
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	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	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	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	$ 2,253	$ 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	21.80%	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	23.40%	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	23.10%	17.80%
Other Real Estate Owned [Member] | All Other [Member] | Sales Comparison [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset fair value	$ 5,339	$ 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	10.70%	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	37.60%	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	14.50%	45.00%

PENDING ACQUISITION (Details)

PENDING ACQUISITION (Details) - Merger Agreement [Member] - First National Bankshares Corporation [Member] $ / shares in Units, $ in Millions	Jul. 06, 2015USD ($)$ / sharesshares
Business Acquisition [Line Items]
Value of single bank holding	$ 245
Purchase price of entity acquired	$ 26.5
Purchase price of common stock (in dollars per share) | $ / shares	$ 31.82
Number of shares issued in acquisition (in shares) | shares	1,400,000