First Community (FCCO) 10-Q 12 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 12, 2016
Document and Entity Information
Entity Registrant Name	FIRST COMMUNITY CORP /SC/
Entity Central Index Key	932,781
Document Type	10-Q
Trading Symbol	fcco
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
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	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		6,693,042
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 9,990	$ 10,973
Interest-bearing bank balances	15,237	11,375
Federal funds sold and securities purchased under agreements to resell	598	593
Investment securities held-to-maturity	17,327	17,371
Investment securities available-for-sale	266,779	264,687
Other investments, at cost	1,913	1,783
Loans held for sale	2,545	2,962
Loans	494,021	489,191
Less, allowance for loan losses	4,687	4,596
Net loans	489,334	484,595
Property, furniture and equipment - net	30,184	29,929
Land held for sale	1,080	1,080
Bank owned life insurance	20,454	20,301
Other real estate owned	1,484	2,458
Intangible assets	1,337	1,419
Goodwill	5,078	5,078
Other assets	7,069	8,130
Total assets	870,409	862,734
Deposits:
Non-interest bearing demand	163,383	156,247
Interest bearing	558,853	559,904
Total deposits	722,236	716,151
Securities sold under agreements to repurchase	20,697	21,033
Federal Home Loan Bank advances	24,432	24,788
Junior subordinated debt	14,964	14,964
Other liabilities	6,469	6,760
Total liabilities	$ 788,798	$ 783,696
SHAREHOLDERS' EQUITY
Preferred stock, par value $1.00 per share; 10,000,000 shares authorized; none issued and outstanding
Common stock, par value $1.00 per share; 10,000,000 shares authorized; issued and outstanding 6,693,042 at March 31, 2016 6,690,551 at December 31, 2015	$ 6,693	$ 6,690
Common stock warrants issued	46	46
Nonvested restricted stock	(490)	(297)
Additional paid in capital	75,786	75,761
Accumulated Deficit	(3,051)	(3,992)
Accumulated other comprehensive income	2,627	830
Total shareholders' equity	81,611	79,038
Total liabilities and shareholders' equity	$ 870,409	$ 862,734

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Consolidated Balance Sheets Parenthetical
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	6,693,042	6,690,551
Common stock, shares outstanding	6,693,042	6,690,551

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest income:
Loans, including fees	$ 5,681	$ 5,874
Investment securities - taxable	948	1,002
Investment securities - non taxable	485	380
Federal funds sold and securities purchased under resale agreements	14	6
Other short term investments	9	21
Total interest income	7,137	7,283
Interest expense:
Deposits	448	426
Federal funds sold and securities sold under agreement to repurchase	10	8
Other borrowed money	342	401
Total interest expense	800	835
Net interest income	6,337	6,448
Provision for loan losses	140	406
Net interest income after provision for loan losses	6,197	6,042
Non-interest income:
Deposit service charges	347	347
Mortgage banking income	665	735
Investment advisory fees and non-deposit commissions	291	296
Gain on sale of securities	59	104
Gain on sale of other assets	$ 3	4
Loss on early extinguishment of debt		(103)
Other	$ 724	598
Total non-interest income	2,089	1,981
Non-interest expense:
Salaries and employee benefits	3,751	3,565
Occupancy	559	485
Equipment	429	402
Marketing and public relations	94	226
FDIC insurance assessments	138	138
Other real estate expense	51	154
Amortization of intangibles	83	103
Other	1,237	1,027
Total non-interest expense	6,342	6,100
Net income before tax	1,944	1,923
Income tax expense	476	519
Net income	$ 1,468	$ 1,404
Basic earnings per common share (in dollars per share)	$ 0.22	$ 0.22
Diluted earnings per common share (in dollars per share)	$ 0.22	$ 0.21

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Consolidated Statements Of Comprehensive Income
Net income	$ 1,468	$ 1,404
Other comprehensive income:
Unrealized gain during the period on available-for-sale securities, net of tax of $946 and $495, respectively	1,836	962
Less: Reclassification adjustment for gain on available-for-sale securities included in net income, net of tax expense of $20 and $35, respectively	(39)	(69)
Other comprehensive income	1,797	893
Comprehensive income	$ 3,265	$ 2,297

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Consolidated Statements Of Comprehensive Income Parenthetical
Unrealized gain during the period on available-for-sale securities, taxes	$ 946	$ 495
Reclassification adjustment for gain included in net income, taxes	$ 20	$ 35

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Warrant [Member]	Additional Paid-In Capital [Member]	Restricted Stock [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Beginning Balance at Dec. 31, 2014	$ 6,664	$ 48	$ 75,504	$ (673)	$ (8,286)	$ 1,271	$ 74,528
Beginning Balance, in shares at Dec. 31, 2014	6,664
Net income					1,404		1,404
Other comprehensive income net of tax						893	893
Issuance of restricted stock	$ 13		137	(150)
Issuance of restricted stock, in shares	13
Amortization of compensation on restricted stock				129			$ 129
Exercise of stock warrants	$ 2	(2)
Exercise of stock warrants, in shares	2
Shares retired
Dividends: Common					(457)		$ (457)
Dividend reinvestment plan	$ 5		46				51
Dividend reinvestment plan, in shares	5
Ending Balance at Mar. 31, 2015	$ 6,684	46	75,687	(694)	(7,339)	2,164	76,548
Ending Balance, in shares at Mar. 31, 2015	6,684
Beginning Balance at Dec. 31, 2015	$ 6,690	46	75,761	(297)	(3,992)	830	79,038
Beginning Balance, in shares at Dec. 31, 2015	6,690
Net income					1,468		1,468
Other comprehensive income net of tax						1,797	$ 1,797
Issuance of restricted stock	$ 22		268	(290)
Issuance of restricted stock, in shares	22						138,000
Amortization of compensation on restricted stock				97			$ 97
Shares retired	$ (26)		(327)				(353)
Shares retired (in shares)	(26)
Issuance of common stock	$ 1		13				14
Issuance of common stock (in shares)	1
Dividends: Common					(527)		(527)
Dividend reinvestment plan	$ 6		71				77
Dividend reinvestment plan, in shares	6
Ending Balance at Mar. 31, 2016	$ 6,693	$ 46	$ 75,786	$ (490)	$ (3,051)	$ 2,627	$ 81,611
Ending Balance, in shares at Mar. 31, 2016	6,693

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Cash flows from operating activities:
Net income	$ 1,468	$ 1,404
Adjustments to reconcile net income to net cash provided in operating activities:
Depreciation	325	297
Premium amortization	976	936
Provision for loan losses	140	406	$ 1,138
Writedowns of other real estate owned	5	90
Gain on sale of other real estate owned	(3)	(4)
Origination of loans held-for-sale	(18,184)	(23,701)
Sale of loans held-for-sale	18,601	22,379
Amortization of intangibles	83	103
Accretion on acquired loans	(235)	(509)
Gain on sale of securities	$ (59)	(104)
Loss on early extinguishment of debt		103
(Increase) Decrease in other assets	$ (5)	1,461
Decrease in other liabilities	(290)	(1,711)
Net cash provided in operating activities	2,822	1,150
Cash flows from investing activities:
Purchase of investment securities available-for-sale	$ (20,362)	(5,436)
Purchase of investment securities held-to-maturity		(2,142)
Maturity/call of investment securities available-for-sale	$ 8,614	9,643
Proceeds from sale of securities available-for-sale	$ 11,479	6,955
Proceeds from sale of other securities		304
Increase in loans	$ (4,668)	(10,382)
Proceeds from sale of other real estate owned	981	185
Purchase of property and equipment	(580)	(1,170)
Net cash used in investing activities	(4,536)	(2,043)
Cash flows from financing activities:
Increase in deposit accounts	6,085	25,035
Decrease in securities sold under agreements to repurchase	(336)	(699)
Advances from the Federal Home Loan Bank	30,500	8,500
Repayment of advances from the Federal Home Loan Bank	(30,861)	$ (9,858)
Issuance of common stock	14
Shares retired	(353)
Dividends paid: Common Stock	(527)	$ (457)
Dividend reinvestment plan	77	51
Net cash provided from financing activities	4,599	22,572
Net increase in cash and cash equivalents	2,885	21,679
Cash and cash equivalents at beginning of year	22,940	22,532	22,532
Cash and cash equivalents at end of year	25,825	44,211	$ 22,940
Cash paid during the period for:
Interest	782	865
Income taxes	50	935
Non-cash investing and financing activities:
Unrealized gain on securities	1,797	893
Transfer of loans to foreclosed property	$ 11	$ 75

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	Note 1 - Basis of Presentation In the opinion of management, the accompanying unaudited consolidated balance sheets, and the consolidated statements of income, comprehensive income, changes in shareholders’ equity, and the cash flows of First Community Corporation (the “Company”), present fairly in all material respects the Company’s financial position at March 31, 2016 and December 31, 2015, and the Company’s results of operations and cash flows for the three months ended March 31, 2016 and 2015. The results of operations for the three months ended March 31, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. In the opinion of management, all adjustments necessary to fairly present the consolidated financial position and consolidated results of operations have been made. All such adjustments are of a normal, recurring nature. All significant intercompany accounts and transactions have been eliminated in consolidation. The consolidated financial statements and notes thereto are presented in accordance with the instructions for Form 10-Q. The information included in the Company’s 2015 Annual Report on Form 10-K should be referred to in connection with these unaudited interim financial statements.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	Note 2 – Earnings Per Common Share The following reconciles the numerator and denominator of the basic and diluted earnings per common share computation: (In thousands except average market price) Three months ended March 31, 2016 2015 Numerator (Net income available to common shareholders) $ 1,468 $ 1,404 Denominator Weighted average common shares outstanding for: Basic shares 6,573 6,522 Dilutive securities: Deferred compensation 36 20 Warrants/Restricted stock -Treasury stock method 142 123 Diluted shares 6,751 6,665 The average market price used in calculating assumed number of shares $ 13.64 $ 11.42 There were no options outstanding as of March 31, 2016. At March 31, 2015, there were 8,903 outstanding options at an average exercise price of $14.21. None of these options had an exercise price below the average market price of $11.42 for the three-month period ended March 31, 2015, and, therefore, they were not deemed to be dilutive. In the fourth quarter of 2011, we issued $2.5 million in 8.75% subordinated notes maturing December 16, 2019. On November 15, 2012, the subordinated notes were redeemed in full at par. Warrants for 107,500 shares of common stock at $5.90 per share were issued in connection with the issuance of the subordinated debt. At March 31, 2016 there were 97,180 warrants outstanding. These warrants expire December 16, 2019 and are included in dilutive securities in the table above. The Company has issued a total of 138,000 restricted shares under the terms of its compensation plans and employment agreements. The employee shares cliff vest over a three year period; the non-employee director shares vest one year after issuance. The unrecognized compensation cost at March 31, 2016 for non-vested shares amounts to $490 thousand. In 2006 the Company established a Non-Employee Director Deferred Compensation Plan, whereby a director may elect to defer all or any part of annual retainer and monthly meeting fees payable with respect to service on the board of directors or a committee of the board. Units of common stock are credited to the director’s account at the time compensation is earned and are included in dilutive securities in the table above. At March 31, 2016 and 2014 there were 97,441 units in the plan. The accrued liability at March 31, 2016 amounted to $892 and is included in “Other liabilities” on the balance sheet.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	Note 3—Investment Securities The amortized cost and estimated fair values of investment securities are summarized below: AVAILABLE-FOR-SALE: (Dollars in thousands) Amortized Gross Gross Fair Value March 31, 2016: US Treasury securities $ 1,545 $ 19 $ — $ 1,564 Government sponsored enterprises 952 71 — 1,023 Mortgage-backed securities 148,382 1,468 395 149,455 Small Business Administration pools 57,360 450 383 57,427 State and local government 53,330 2,693 7 56,016 Corporate and other securities 1,349 — 55 1,294 $ 262,918 $ 4,701 $ 840 $ 266,779 December 31, 2015: US Treasury securities $ 1,547 $ — $ 25 $ 1,522 Government sponsored enterprises 950 42 — 992 Mortgage-backed securities 146,935 498 1,172 146,261 Small Business Administration pools 57,474 355 501 57,328 State and local government 55,294 2,037 36 57,295 Corporate and other securities 1,349 — 60 1,289 $ 263,549 $ 2,932 $ 1,794 $ 264,687 HELD-TO-MATURITY: (Dollars in thousands) Amortized Gross Gross Fair Value March 31, 2016: State and local government $ 17,327 $ 479 $ — $ 17,806 $ 17,327 $ 479 $ — $ 17,806 December 31, 2015: State and local government $ 17,371 $ 211 $ 27 $ 17,555 $ 17,371 $ 211 $ 27 $ 17,555 During the three months ended March 31, 2016 and March 31, 2015, the Company received proceeds of $11.5 million and $7.0 million, respectively, from the sale of investment securities available-for-sale, amounting to gross gains of $58.8 thousand and $104.1 thousand in earnings for each respective period. There were no gross losses from the sale of investment securities for the three months ended March 31, 2016 and March 31, 2015. At March 31, 2016, corporate and other securities available-for-sale included the following at fair value: mutual funds at $817.2 thousand, foreign debt of $60.2 thousand, and corporate preferred stock in the amount of $416.8 thousand. At December 31, 2015, corporate and other securities available-for-sale included the following at fair value: mutual funds at $812.0 thousand, foreign debt of $60.1 thousand, and corporate preferred stock in the amount of $416.8 thousand. Other investments, at cost, include Federal Home Loan Bank (“FHLB”) stock in the amount of $1.9 million and $1.8 million at March 31, 2016 and December 31, 2015, respectively. The following tables show gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous loss position, at March 31, 2016 and December 31, 2015. There were no held-to-maturity securities with gross unrealized losses at March 31, 2016. Less than 12 months 12 months or more Total March 31, 2016 (Dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Available-for-sale securities: Government Sponsored Enterprise mortgage-backed securities $ 36,214 $ 206 $ 11,957 $ 185 $ 48,171 $ 391 Small Business Administration pools 9,732 71 23,603 312 33,335 383 Non-agency mortgage-backed securities 165 1 274 3 439 4 State and local government — — 853 7 853 7 Corporate bonds and other — — 817 55 817 55 Total $ 46,111 $ 278 $ 37,504 $ 562 $ 83,615 $ 840 Less than 12 months 12 months or more Total December 31, 2015 (Dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Available-for-sale securities: US Treasury $ 1,522 $ 25 $ — $ — $ 1,522 $ 25 Government Sponsored Enterprise mortgage-backed securities 69,112 731 17,593 439 86,705 1,170 Small Business Administration pools 13,386 153 25,709 348 39,095 501 Non-agency mortgage-backed securities — — 186 2 186 2 State and local government 1,461 8 1,362 28 2,823 36 Corporate bonds and other — — 812 60 812 60 Total $ 85,481 $ 917 $ 45,662 $ 877 $ 131,143 $ 1,794 Less than 12 months 12 months or more Total December 31, 2015 (Dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Held-to-maturity securities: State and local government $ 3,473 $ 24 $ 444 $ 3 $ 3,917 $ 27 Total $ 3,473 $ 24 $ 444 $ 3 $ 3,917 $ 27 Government Sponsored Enterprise, Mortgage-Backed Securities: Non-agency Mortgage-Backed Securities: State and Local Governments and Other: The following sets forth the amortized cost and fair value of investment securities at March 31, 2016 by contractual maturity. Expected maturities differ from contractual maturities because borrowers may have the right to call or prepay the obligations with or without prepayment penalties. MBSs are based on average life at estimated prepayment speeds. Available-for-sale Held-to-maturity (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 4,155 $ 4,196 $ — $ — Due after one year through five years 154,676 156,292 5,011 5,100 Due after five years through ten years 92,339 94,572 12,316 12,706 Due after ten years 11,748 11,719 — — $ 262,918 $ 266,779 $ 17,327 $ 17,806

LOANS

LOANS	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
LOANS	Note 4—Loans Loans summarized by category as of March 31, 2016, December 31, 2015 and March 31, 2015 are as follows: March 31, December 31, March 31, (Dollars in thousands) 2016 2015 2015 Commercial, financial and agricultural $ 39,092 $ 37,809 $ 32,569 Real estate: Construction 39,311 35,829 36,080 Mortgage-residential 47,768 49,077 49,838 Mortgage-commercial 329,093 326,978 294,108 Consumer: Home equity 30,419 30,906 33,511 Other 8,338 8,592 8,195 Total $ 494,021 $ 489,191 $ 454,301 The detailed activity in the allowance for loan losses and the recorded investment in loans receivable as of and for the three months ended March 31, 2016 and March 31, 2015 and for the year ended December 31, 2015 is as follows: (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer Commercial Construction Residential Commercial Home equity Other Unallocated Total March 31, 2016 Allowance for loan losses: Beginning balance December 31, 2015 $ 75 $ 51 $ 223 $ 2,036 $ 127 $ 37 $ 2,047 $ 4,596 Charge-offs — — — (45 ) — (18 ) — (63 ) Recoveries 2 — 2 6 1 3 — 14 Provisions (4 ) 6 12 4 (41 ) 4 159 140 Ending balance March 31, 2016 $ 73 $ 57 $ 237 $ 2,001 $ 87 $ 26 $ 2,206 $ 4,687 Ending balances: Individually evaluated for impairment $ — $ — $ — $ 3 $ — $ — $ — $ 3 Collectively evaluated for impairment 73 57 237 1,998 87 26 2,206 4,684 March 31, 2016 Loans receivable: Ending balance-total $ 39,092 $ 39,311 $ 47,768 $ 329,093 $ 30,419 $ 8,338 $ — $ 494,021 Ending balances: Individually evaluated for impairment 3 — 877 7,165 — — — 8,045 Collectively evaluated for impairment $ 39,089 $ 39,311 $ 46,891 $ 321,928 $ 30,419 $ 8,338 $ — $ 485,976 (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer Commercial Construction Residential Commercial Home equity Other Unallocated Total March 31, 2015 Allowance for loan losses: Beginning balance December 31, 2014 $ 67 $ 45 $ 179 $ 1,572 $ 134 $ 44 $ 2,091 $ 4,132 Charge-offs (56 ) — — (291 ) — (11 ) — (358 ) Recoveries 2 — 1 4 1 64 — 72 Provisions 197 89 63 295 (14 ) (39 ) (185 ) 406 Ending balance March 31, 2015 $ 210 $ 134 $ 243 $ 1,580 $ 121 $ 58 $ 1,906 $ 4,252 Ending balances: Individually evaluated for impairment $ — $ — $ 4 $ 3 $ — $ — $ — $ 7 Collectively evaluated for impairment 210 134 239 1,577 121 58 1,906 4,245 March 31, 2015 Loans receivable: Ending balance-total $ 32,569 $ 36,080 $ 49,838 $ 294,108 $ 33,511 $ 8,195 $ — $ 454,301 Ending balances: Individually evaluated for impairment — — 1,066 6,740 91 — — 7,897 Collectively evaluated for impairment $ 32,569 $ 36,080 $ 48,772 $ 287,368 $ 33,420 $ 8,195 $ — $ 446,404 (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer Commercial Construction Residential Commercial Home equity Other Unallocated Total December 31, 2015 Allowance for loan losses: Beginning balance December 31, 2014 $ 67 $ 45 $ 179 $ 1,572 $ 134 $ 44 $ 2,091 $ 4,132 Charge-offs (69 ) — (50 ) (626 ) — (62 ) — (807 ) Recoveries 6 — 7 33 3 84 — 133 Provisions 71 6 87 1,057 (10 ) (29 ) (44 ) 1,138 Ending balance December 31, 2015 $ 75 $ 51 $ 223 $ 2,036 $ 127 $ 37 $ 2,047 $ 4,596 Ending balances: Individually evaluated for impairment $ — $ — $ 3 $ — $ — $ — $ — $ 3 Collectively evaluated for impairment 75 51 220 2,036 127 37 2,047 4,593 December 31, 2015 Loans receivable: Ending balance-total $ 37,809 $ 35,829 $ 49,077 $ 326,978 $ 30,906 $ 8,592 $ — $ 489,191 Ending balances: Individually evaluated for impairment 9 — 848 5,620 — — — 6,477 Collectively evaluated for impairment $ 37,800 $ 35,829 $ 48,229 $ 321,358 $ 30,906 $ 8,592 $ — $ 482,714 Loans outstanding and available lines of credit to bank directors, executive officers and their related business interests amounted to $8.7 million and $9.5 million at March 31, 2016 and March 31, 2015, respectively. Repayments on these loans during the three months ended March 31, 2016 were $163.7 thousand and there were no new loans made. Repayments on these loans during the three months ended March 31, 2015 were $961.5 thousand and loans made amounted to $871.7 thousand. Related party loans and lines of credit are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated persons and generally do not involve more than the normal risk of collectability. The following table presents at March 31, 2016 and December 31, 2015 loans individually evaluated and considered impaired under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 310 “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing troubled debt restructurings (“TDRs”). (Dollars in thousands) March 31, December 31, 2016 2015 Total loans considered impaired $ 8,045 $ 6,477 Loans considered impaired for which there is a related allowance for loan loss: Outstanding loan balance 48 49 Related allowance 3 3 Loans considered impaired and previously written down to fair value 7,999 6,428 Average impaired loans 12,771 9,518 The following tables are by loan category and present at March 31, 2016, December 31, 2015 and March 31, 2015 loans individually evaluated and considered impaired under FASB ASC 310 “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing TDRs. (Dollars in thousands) Three months ended Unpaid Average Interest March 31, 2016 Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no allowance recorded: Commercial $ 3 $ 3 $ — $ 8 $ — Real estate: Construction — — — — — Mortgage-residential 829 859 — 1,049 1 Mortgage-commercial 7,165 9,902 — 11,665 25 Consumer: Home Equity — — — — — Other — — — — — With an allowance recorded: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 48 48 3 49 — Mortgage-commercial — — — — — Consumer: Home Equity — — — — — Other — — — — — Total: Commercial 3 3 — 8 — Real estate: Construction — — — — — Mortgage-residential 877 907 3 1,098 1 Mortgage-commercial 7,165 9,902 — 11,665 25 Consumer: Home Equity — — — — — Other — — — — — $ 8,045 $ 10,812 $ 3 $ 12,771 $ 26 (Dollars in thousands) Three months ended Unpaid Average Interest March 31, 2015 Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no allowance recorded: Commercial $ — $ — $ — $ — $ — Real estate: Construction — — — — — Mortgage-residential 1,014 1,157 — 1,266 1 Mortgage-commercial 6,492 7,995 3 8,584 30 Consumer: Home Equity 91 97 — 97 — Other — — — — — With an allowance recorded: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 52 52 4 52 — Mortgage-commercial 248 248 3 250 — Consumer: Home Equity — — — — — Other — — — — — Total: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 1,066 1,209 4 1,318 1 Mortgage-commercial 6,740 8,243 3 8,834 30 Consumer: Home Equity 91 97 — 97 — Other — — — — — $ 7,897 $ 9,549 $ 7 $ 10,249 $ 31 (Dollars in thousands) December 31, 2015 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no allowance recorded: Commercial $ 9 $ 9 $ — $ 13 $ — Real estate: Construction — — — — — Mortgage-residential 799 874 — 1,082 1 Mortgage-commercial 5,620 7,548 — 8,372 60 Consumer: Home Equity — — — — — Other — — — — — With an allowance recorded: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 49 49 3 51 3 Mortgage-commercial — — — — — Consumer: Home Equity — — — — — Other — — — — — Total: Commercial 9 9 — 13 — Real estate: Construction — — — — — Mortgage-residential 848 923 3 1,133 4 Mortgage-commercial 5,620 7,548 — 8,372 60 Consumer: Home Equity — — — — — Other — — — — — $ 6,477 $ 8,480 $ 3 $ 9,518 $ 64 The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, including: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis is performed on a monthly basis. The Company uses the following definitions for risk ratings: Special Mention Substandard Doubtful Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered as pass rated loans. As of March 31, 2016 and December 31, 2015, and based on the most recent analysis performed, the risk category of loans by class of loans is shown in the table below. As of March 31, 2016 and December 31, 2015, no loans were classified as doubtful. (Dollars in thousands) March 31, 2016 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 38,848 $ 241 $ 3 $ — $ 39,092 Real estate: Construction 38,856 455 — — 39,311 Mortgage – residential 45,756 838 1,174 — 47,768 Mortgage – commercial 313,127 6,870 9,096 — 329,093 Consumer: Home Equity 30,074 176 169 — 30,419 Other 8,335 1 2 — 8,338 Total $ 474,996 $ 8,581 $ 10,444 $ — $ 494,021 (Dollars in thousands) December 31, 2015 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 37,501 $ 299 $ 9 $ — $ 37,809 Real estate: Construction 35,374 455 — — 35,829 Mortgage – residential 46,580 1,378 1,119 — 49,077 Mortgage – commercial 310,367 7,555 9,056 — 326,978 Consumer: Home Equity 30,587 180 139 — 30,906 Other 8,587 1 4 — 8,592 Total $ 468,996 $ 9,868 $ 10,327 $ — $ 489,191 At March 31, 2016 and December 31, 2015, non-accrual loans totaled $6.0 million and $4.8 million, respectively. TDRs that are still accruing and included in impaired loans at March 31, 2016 and December 31, 2015 amounted to $2.0 million and $1.6 million, respectively. TDRs in non-accrual status at both March 31, 2016 and December 31, 2015 amounted to $1.8 million. Loans greater than 90 days delinquent and still accruing interest were $32.2 thousand as of March 31, 2016. There were no loans greater than 90 days delinquent and still accruing interest as of December 31, 2015. We account for acquisitions under FASB ASC Topic 805, Business Combinations Acquired credit-impaired loans are accounted for under the accounting guidance for loans and debt securities acquired with deteriorated credit quality, found in FASB ASC Topic 310-30, Receivables—Loans and Debt Securities Acquired with Deteriorated Credit Quality, Purchase credit impaired (“PCI”) loans acquired totaled $4.2 million at estimated fair value, and acquired performing loans totaling $102.3 million at estimated fair value were not credit impaired. The gross contractual amount receivable for PCI loans and acquired performing loans was approximately $5.7 million and $116.0 million, respectively, as of the acquisition date. For the acquired performing loans, the best estimate at acquisition date of contractual cash flows not expected to be collected is $825 thousand. Determining the fair value of PCI loans at acquisition required the Company to estimate cash flows expected to result from those loans and to discount those cash flows at appropriate rates of interest. For such loans, the excess of cash flows expected to be collected at acquisition over the estimated fair value is recognized as interest income over the remaining lives of the loans and is called the accretable yield. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition reflects the impact of estimated credit losses and is called the nonaccretable difference. In accordance with GAAP, there was no carry-over of previously established allowance for credit losses from the acquired company. In conjunction with the acquisition of Savannah River Financial Corporation of Augusta, Georgia, the bank holding company for Savannah River Banking Company (“Savannah River”) on February 1, 2014, the acquired PCI loan portfolio was accounted for at fair value as follows: (Dollars in thousands) February 1, 2014 Contractual principal and interest at acquisition $ 5,717 Nonaccretable difference (1,205 ) Expected cash flows at acquisition 4,512 Accretable yield (272 ) Basis in PCI loans at acquisition – estimated fair value $ 4,240 A summary of changes in the accretable yield for PCI loans for the three months ended March 31, 2016 and March 31, 2015 follows (in thousands): (Dollars in thousands) Three Months Ended March 31, 2016 Three Months Ended March 31, 2015 Accretable yield, beginning of period $ 92 $ 75 Additions — — Accretion (42 ) (437 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — 390 Other changes, net — — Accretable yield, end of period $ 50 $ 28 The following tables are by loan category and present loans past due and on non-accrual status as of March 31, 2016 and December 31, 2015: (Dollars in thousands) March 31, 2016 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days and Accruing Nonaccrual Total Past Due Current Total Loans Commercial $ 7 $ — $ — $ 3 $ 10 $ 39,082 $ 39,092 Real estate: Construction — 499 — — 499 38,812 39,311 Mortgage-residential 211 13 24 829 1,077 46,691 47,768 Mortgage-commercial 730 367 — 5,181 6,278 322,815 329,093 Consumer: Home equity 204 30 8 — 242 30,177 30,419 Other 20 10 — — 30 8,308 8,338 Total $ 1,172 $ 919 $ 32 $ 6,013 $ 8,136 $ 485,885 $ 494,021 (Dollars in thousands) December 31, 2015 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days and Accruing Nonaccrual Total Past Due Current Total Loans Commercial $ 5 $ — $ — $ 9 $ 14 $ 37,795 $ 37,809 Real estate: Construction — — — — — 35,829 35,829 Mortgage-residential 126 195 — 799 1,120 47,957 49,077 Mortgage-commercial 1,180 290 — 4,031 5,501 321,477 326,978 Consumer: Home equity 135 — — — 135 30,771 30,906 Other 4 4 — — 8 8,584 8,592 Total $ 1,450 $ 489 $ — $ 4,839 $ 6,778 $ 482,413 $ 489,191 The Company identifies TDRs as impaired under the guidance in ASC 310-10-35. As shown in the table below, one loan was determined to be a TDR during the three months ended March 31, 2016. The loan was modified to extend the term of the loan due to financial hardship of the borrower. There were no loans determined to be TDRs that were restructured during the three-month period ended March 31, 2015. Troubled Debt Restructurings For the three months ended March 31, 2016 (Dollars in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Accrual Mortgage-Commercial 1 $ 413 $ 413 Total Accrual 1 $ — $ — Total TDRs 1 $ 413 $ 413 The following table, by loan category, presents loans determined to be TDRs in the twelve month period preceding March 31, 2015 that subsequently defaulted during the three month period ended March 31, 2015. During the three month period ended March 31, 2016, there were no loans determined to be TDRs in the previous twelve months that had payment defaults. Defaulted loans are those loans that are greater than 89 days past due. Troubled Debt Restructurings that subsequently defaulted this period (Dollars in thousands) For the three months ended March 31, 2015 Number of Contracts Recorded Investment Mortgage-Commercial 1 $ 1,391 Mortgage-Consumer 1 180 Total TDRs 2 $ 1,571 In the determination of the allowance for loan losses, all TDRs are reviewed to ensure that one of the three proper valuation methods (fair market value of the collateral, present value of cash flows, or observable market price) is adhered to. All non-accrual loans are written down to their corresponding collateral value. All troubled TDR accruing loans that have a loan balance that exceeds the present value of cash flows will have a specific allocation. All nonaccrual loans are considered impaired. Under ASC 310-10, a loan is impaired when it is probable that the Company will be unable to collect all amounts due including both principal and interest according to the contractual terms of the loan agreement.

RECENTLY ISSUED ACCOUNTING PRON

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2016
Accounting Changes and Error Corrections [Abstract]
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	Note 5 - Recently Issued Accounting Pronouncements The following is a summary of recent authoritative pronouncements: In January 2014, the FASB amended the Equity Method and Joint Ventures topic of the Accounting Standards Codification. The amendments provide criteria that must be met in order to apply a proportional amortization method to Low-Income Housing Tax Credit investments and provide guidance on the method used to amortize the investment, the impairment approach, and the eligibility criteria for entities that have other arrangements (e.g., loans) with the limited liability entity. The amendments were effective for the Company for new investments in qualified affordable housing projects for interim and annual periods beginning after December 15, 2014. The Company continues to use the effective yield method for existing investments in qualified affordable housing projects. These amendments did not have a material effect on its financial statements. In May 2014, the FASB issued guidance to change the recognition of revenue from contracts with customers. The core principle of the new guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration the entity receives or expects to receive. The guidance will be effective for the Company for reporting periods beginning after December 15, 2017. The Company will apply the guidance using a modified retrospective approach. The Company does not expect these amendments to have a material effect on its financial statements. In June 2014, the FASB issued guidance which clarifies that performance targets associated with stock compensation should be treated as a performance condition and should not be reflected in the grant date fair value of the stock award. The amendments became effective for the Company for fiscal years that begin after December 15, 2015. The Company will apply the guidance to all stock awards granted or modified after the amendments are effective. The Company does not expect these amendments to have a material effect on its financial statements. In January 2015, the FASB issued guidance to eliminate from U.S. GAAP the concept of an extraordinary item, which is an event or transaction that is both (1) unusual in nature and (2) infrequently occurring. Under the new guidance, an entity will no longer (1) segregate an extraordinary item from the results of ordinary operations; (2) separately present an extraordinary item on its income statement, net of tax, after income from continuing operations; or (3) disclose income taxes and earnings-per-share data applicable to an extraordinary item. The amendments will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company will apply the guidance prospectively. The Company does not expect these amendments to have a material effect on its financial statements. In February 2015, the FASB issued guidance which amends the consolidation requirements and significantly changes the consolidation analysis required under U.S. GAAP. Although the amendments are expected to result in the deconsolidation of many entities, the Company will need to reevaluate all its previous consolidation conclusions. The amendments became effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015 The Company does not expect these amendments to have a material effect on its financial statements. In April 2015, the FASB issued guidance which changes the presentation of debt issuance costs. The amendments became effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The Company does not expect these amendments to have a material effect on its financial statements. In April 2015, the FASB issued guidance which provides a practical expedient that permits the Company to measure defined benefit plan assets and obligations using the month-end that is closest to the Company’s fiscal year-end. The amendments became effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The Company does not expect these amendments to have a material effect on its financial statements. In April 2015, the FASB issued guidance which provides guidance to customers about whether a cloud computing arrangement includes a software license. The amendments became effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The Company does not expect these amendments to have a material effect on its financial statements. In May 2015, the FASB issued guidance which removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. The amendments became effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The Company does not expect these amendments to have a material effect on its financial statements. In June 2015, the FASB issued amendments to clarify the Accounting Standards Codification (ASC), correct unintended application of guidance, and make minor improvements to the ASC that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The amendments were effective upon issuance (June 12, 2015) for amendments that do not have transition guidance. Amendments that are subject to transition guidance became effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The Company does not expect these amendments to have a material effect on its financial statements. In August 2015, the FASB deferred the effective date of ASU 2014-09, Revenue from Contracts with Customers. As a result of the deferral, the guidance in ASU 2014-09 will be effective for the Company for reporting periods beginning after December 15, 2017 The Company will apply the guidance using a modified retrospective approach. The Company does not expect these amendments to have a material effect on its financial statements. In August 2015, the FASB issued amendments to the Interest topic of the Accounting Standards Codification to clarify the SEC staff’s position on presenting and measuring debt issuance costs incurred in connection with line-of-credit arrangements. The amendments were effective upon issuance. The Company does not expect these amendments to have a material effect on its financial statements. In September 2015, the FASB amended the Business Combinations topic of the Accounting Standards Codification to simplify the accounting for adjustments made to provisional amounts recognized in a business combination by eliminating the requirement to retrospectively account for those adjustments. The amendments became effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. All entities are required to apply the amendments prospectively to adjustments to provisional amounts that occur after the effective date. The Company does not expect these amendments to have a material effect on its financial statements. In January 2016, the FASB amended the Financial Instruments topic of the Accounting Standards Codification to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company will apply the guidance by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values will be applied prospectively to equity investments that exist as of the date of adoption of the amendments. The Company does not expect these amendments to have a material effect on its financial statements. In February 2016, the FASB amended the Leases topic of the Accounting Standards Codification to revise certain aspects of recognition, measurement, presentation, and disclosure of leasing transactions. The amendments will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years.- The Company is currently evaluating the effect that implementation of the new standard will have on its financial position, results of operations, and cash flows. In March 2016, the FASB amended the Liabilities topic of the Accounting Standards Codification to address the current and potential future diversity in practice related to the derecognition of a prepaid stored-value product liability. The amendments will be effective for financial statements issued for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company will apply the guidance using a modified retrospective transition method by means of a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year in which the guidance is effectiveto each period presented. The Company does not expect these amendments to have a material effect on its financial statements. In March 2016, the FASB amended the Derivatives and Hedging topic of the Accounting Standards Codification to clarify that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument does not, in and of itself, require dedesignation of that hedging relationship provided that all other hedge accounting criteria continue to be met. The amendments will be effective for financial statements issued for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years.- The Company will apply the guidance prospectively to each period presented. The Company does not expect these amendments to have a material effect on its financial statements. In March 2016, the FASB amended the Derivatives and Hedging topic of the Accounting Standards Codification to clarify the requirements for assessing whether contingent call (put) options that can accelerate the payment of principal on debt instruments are clearly and closely related to their debt hosts. The amendments will be effective for financial statements issued for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The Company will apply the guidance using a modified retrospective transition to existing debt instruments as of the beginning of the fiscal year for which the amendments are effective. The Company does not expect these amendments to have a material effect on its financial statements. In March 2016, the FASB amended the Investments—Equity Method and Joint Ventures topic of the Accounting Standards Codification to eliminate the requirement to retroactively adopt the equity method of accounting. The amendments are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The Company will apply the guidance prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. The Company does not expect these amendments to have a material effect on its financial statements In March 2016, the FASB amended the Revenue from Contracts with Customers topic of the Accounting Standards Codification to clarify the implementation guidance on principal versus agent considerations and address how an entity should assess whether it is the principal or the agent in contracts that include three or more parties. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In March 2016, the FASB issued guidance to simplify several aspects of the accounting for share-based payment award transactions including the income tax consequences, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows. Additionally, the guidance simplifies two areas specific to entities other than public business entities allowing them to apply a practical expedient to estimate the expected term for all awards with performance or service conditions that have certain characteristics and also allowing them to make a one-time election to switch from measuring all liability-classified awards at fair value to measuring them at intrinsic value. The amendments will be effective for the Company for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The Company does not expect these amendments to have a material effect on its financial statements. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	Note 6– Fair Value of Financial Instruments The Company adopted FASB ASC Fair Value Measurement Topic 820, which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 820 defines fair value as 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. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level l Quoted prices in active markets for identical assets or liabilities. Level 2 Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. FASB ASC 825-10-50 “Disclosure about Fair Value of Financial Instruments”, requires the Company to disclose estimated fair values for its financial instruments. Fair value estimates, methods, and assumptions are set forth below. Cash and Short Term Investments - Investment Securities - Loans Held for Sale - Loans - fair values are obtained using independent appraisals, which the Company considers to be Level 3 inputs. Other Real Estate Owned (“OREO”) - Accrued Interest Receivable Deposits - Federal Home Loan Bank Advances - Short Term Borrowings - Junior Subordinated Debentures - Accrued Interest Payable - Commitments to Extend Credit The carrying amount and estimated fair value by classification level of the Company’s financial instruments as of March 31, 2016 and December 31, 2015 are as follows: March 31, 2016 Fair Value (Dollars in thousands) Carrying Amount Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 25,825 $ 25,825 $ 25,825 $ — $ — Held-to-maturity securities 17,327 17,806 — 17,806 — Available-for-sale securities 266,779 266,779 817 265,545 417 Other investments, at cost 1,913 1,913 — — 1,913 Loans held for sale 2,545 2,545 — 2,545 — Net loans receivable 494,021 488,856 — 480,814 8,042 Accrued interest 2,681 2,681 2,681 — — Financial liabilities: Non-interest bearing demand deposits $ 163,383 $ 163,383 $ — $ 163,383 $ — NOW and money market accounts 317,980 317,980 — 317,980 — Savings 64,007 64,007 — 64,007 — Time deposits 176,866 177,054 — 177,054 — Total deposits 722,236 722,424 — 722,424 — Federal Home Loan Bank Advances 24,432 25,925 — 25,925 — Short term borrowings 20,697 20,697 — 20,697 — Junior subordinated debentures 14,964 15,006 — 15,006 — Accrued interest payable 670 670 670 — — December 31, 2015 Fair Value (Dollars in thousands) Carrying Amount Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 22,941 $ 22,941 $ 22,941 $ — $ — Held-to-maturity securities 17,371 17,555 — 17,555 — Available-for-sale securities 264,687 264,687 812 263,458 417 Other investments, at cost 1,783 1,783 — — 1,783 Loans held for sale 2,962 2,962 — 2,962 — Net loans receivable 484,595 484,669 — 478,195 6,474 Accrued interest 2,877 2,877 2,877 — — Financial liabilities: Non-interest bearing demand deposits $ 156,247 $ 156,247 $ — $ 156,247 $ — NOW and money market accounts 318,308 318,308 — 318,308 — Savings 60,699 60,699 — 60,699 — Time deposits 180,897 181,325 — 181,325 — Total deposits 716,151 716,579 — 716,579 — Federal Home Loan Bank Advances 24,788 25,841 — 25,841 — Short term borrowings 21,033 21,033 — 21,033 — Junior subordinated debentures 14,964 14,954 — 14,954 — Accrued interest payable 652 652 652 — — The following tables summarize quantitative disclosures about the fair value for each category of assets carried at fair value as of March 31, 2016 and December 31, 2015 that are measured on a recurring basis. There were no liabilities carried at fair value as of March 31, 2016 or December 31, 2015 that are measured on a recurring basis. (Dollars in thousands) Description March 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities US Treasury Securities $ 1,564 $ — $ 1,564 $ — Government sponsored enterprises 1,023 — 1,023 — Mortgage-backed securities 149,455 — 149,455 — Small Business Administration pools 57,427 — 57,427 — State and local government 56,016 — 56,016 — Corporate and other securities 1,294 817 60 417 Total $ 266,779 $ 817 $ 265,545 $ 417 (Dollars in thousands) Description December 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities US Treasury Securities $ 1,522 $ — $ 1,522 $ — Government sponsored enterprises 992 — 992 — Mortgage-backed securities 146,261 — 146,261 — Small Business Administration pools 57,328 — 57,328 — State and local government 57,295 — 57,295 — Corporate and other securities 1,289 812 60 417 Total $ 264,687 $ 812 $ 263,458 $ 417 The following table reconciles the changes in Level 3 financial instruments for the three months ended March 31, 2016 and March 31, 2015 that are measured on a recurring basis. March 31, 2016 2015 ( Dollars in thousands) Corporate Preferred Stock Corporate Preferred Stock Beginning Balance $ 417 $ 417 Total gains or losses (realized/unrealized) Included in earnings — — Included in other comprehensive income — — Purchases, issuances, and settlements — — Transfers in and/or out of Level 3 — — Ending Balance $ 417 $ 417 The following tables summarize quantitative disclosures about the fair value for each category of assets carried at fair value as of March 31, 2016 and December 31, 2015 that are measured on a non-recurring basis. (Dollars in thousands) Description March 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ 3 $ — $ — $ 3 Real estate: Mortgage-residential 874 — — 874 Mortgage-commercial 7,165 — — 7,165 Consumer: Home equity — — — — Other — — — — Total impaired 8,042 — — 8,042 Other real estate owned: Construction 276 — — 276 Mortgage-residential 156 — — 156 Mortgage-commercial 1,052 — — 1,052 Total other real estate owned 1,484 — — 1,484 Total $ 9,526 $ — $ — $ 9,526 (Dollars in thousands) Description December 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ 9 $ — $ — $ 9 Real estate: Mortgage-residential 845 — — 845 Mortgage-commercial 5,620 — — 5,620 Consumer: Home equity — — — — Other — — — — Total impaired 6,474 — — 6,474 Other real estate owned: Construction 276 — — 276 Mortgage-residential 191 — — 191 Mortgage-commercial 1,991 — — 1,991 Total other real estate owned 2,458 — — 2,458 Total $ 8,932 $ — $ — $ 8,932 The Company has a large percentage of loans with real estate serving as collateral. Loans which are deemed to be impaired are primarily valued on a nonrecurring basis at the fair value of the underlying real estate collateral. Such fair values are obtained using independent appraisals, which the Company considers to be Level 3 inputs. Third party appraisals are generally obtained when a loan is identified as being impaired or at the time it is transferred to OREO. This internal process consists of evaluating the underlying collateral to independently obtained comparable properties. With respect to less complex or smaller credits, an internal evaluation may be performed. Generally, the independent and internal evaluations are updated annually. Factors considered in determining the fair value include, among others, geographic sales trends, the value of comparable surrounding properties and the condition of the property. The aggregate amount of impaired loans was $8.0 million and $6.5 million as of March 31, 2016 and December 31, 2015, respectively. For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of March 31, 2016 and December 31, 2015, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value as of March 31, 2016 Valuation Technique Significant Observable Inputs Significant Unobservable Inputs Preferred stock $417 Estimation based on comparable non-listed securities Comparable transactions n/a OREO $1,484 Appraisal Value/Comparison Sales/Other estimates Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost Impaired loans $8,042 Appraisal Value Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost (Dollars in thousands) Fair Value as of December 31, 2015 Valuation Technique Significant Observable Inputs Significant Unobservable Inputs Preferred stock $417 Estimation based on comparable non-listed securities Comparable transactions n/a OREO $2,458 Appraisal Value/Comparison Sales/Other estimates Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost Impaired loans $6,474 Appraisal Value Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost

DEPOSITS

DEPOSITS	3 Months Ended
	Mar. 31, 2016
Banking and Thrift [Abstract]
DEPOSITS	Note 7 — Deposits The Company’s total deposits are comprised of the following at the dates indicated: March 31, December 31, Dollars in thousands 2016 2015 Non-interest bearing demand deposits $ 163,383 $ 156,247 NOW and money market accounts 317,980 318,308 Savings 64,007 60,699 Time deposits 176,866 180,897 Total deposits $ 722,236 $ 716,151 As of March 31, 2016 and December 31, 2015, the Company had time deposits greater than $250,000 of $20.8 million and $21.2 million, respectively.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	Note 8 – Subsequent Events Subsequent events

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of reconciliation of the numerator and denominator of the basic and diluted earnings per common share computation	The following reconciles the numerator and denominator of the basic and diluted earnings per common share computation: Year ended December 31, (Amounts in thousands) 2015 2014 2013 Numerator (Included in basic and diluted earnings per share) $ 6,127 $ 5,121 $ 4,137 Denominator Weighted average common shares outstanding for: Basic earnings common per share 6,558 6,538 5,285 Dilutive securities: Deferred compensation 110 23 9 Warrants—Treasury stock method 51 46 40 Diluted common share outstanding 6,719 6,607 5,334 The average market price used in calculating assumed number of shares $ 12.31 $ 10.83 $ 9.69

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost and estimated fair values of available-for-sale	The amortized cost and estimated fair values of investment securities are summarized below: AVAILABLE-FOR-SALE: (Dollars in thousands) Amortized Gross Gross Fair Value March 31, 2016: US Treasury securities $ 1,545 $ 19 $ — $ 1,564 Government sponsored enterprises 952 71 — 1,023 Mortgage-backed securities 148,382 1,468 395 149,455 Small Business Administration pools 57,360 450 383 57,427 State and local government 53,330 2,693 7 56,016 Corporate and other securities 1,349 — 55 1,294 $ 262,918 $ 4,701 $ 840 $ 266,779 December 31, 2015: US Treasury securities $ 1,547 $ — $ 25 $ 1,522 Government sponsored enterprises 950 42 — 992 Mortgage-backed securities 146,935 498 1,172 146,261 Small Business Administration pools 57,474 355 501 57,328 State and local government 55,294 2,037 36 57,295 Corporate and other securities 1,349 — 60 1,289 $ 263,549 $ 2,932 $ 1,794 $ 264,687
Schedule of amortized cost and estimated fair values of held-to-maturity securities	The amortized cost and estimated fair values of investment securities are summarized below: HELD-TO-MATURITY: (Dollars in thousands) Amortized Gross Gross Fair Value March 31, 2016: State and local government $ 17,327 $ 479 $ — $ 17,806 $ 17,327 $ 479 $ — $ 17,806 December 31, 2015: State and local government $ 17,371 $ 211 $ 27 $ 17,555 $ 17,371 $ 211 $ 27 $ 17,555
Schedule of gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous loss position	The following tables show gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous loss position, at March 31, 2016 and December 31, 2015. There were no held-to-maturity securities with gross unrealized losses at March 31, 2016. Less than 12 months 12 months or more Total March 31, 2016 (Dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Available-for-sale securities: Government Sponsored Enterprise mortgage-backed securities $ 36,214 $ 206 $ 11,957 $ 185 $ 48,171 $ 391 Small Business Administration pools 9,732 71 23,603 312 33,335 383 Non-agency mortgage-backed securities 165 1 274 3 439 4 State and local government — — 853 7 853 7 Corporate bonds and other — — 817 55 817 55 Total $ 46,111 $ 278 $ 37,504 $ 562 $ 83,615 $ 840 Less than 12 months 12 months or more Total December 31, 2015 (Dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Available-for-sale securities: US Treasury $ 1,522 $ 25 $ — $ — $ 1,522 $ 25 Government Sponsored Enterprise mortgage-backed securities 69,112 731 17,593 439 86,705 1,170 Small Business Administration pools 13,386 153 25,709 348 39,095 501 Non-agency mortgage-backed securities — — 186 2 186 2 State and local government 1,461 8 1,362 28 2,823 36 Corporate bonds and other — — 812 60 812 60 Total $ 85,481 $ 917 $ 45,662 $ 877 $ 131,143 $ 1,794 Less than 12 months 12 months or more Total December 31, 2015 (Dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Held-to-maturity securities: State and local government $ 3,473 $ 24 $ 444 $ 3 $ 3,917 $ 27 Total $ 3,473 $ 24 $ 444 $ 3 $ 3,917 $ 27
Schedule of the amortized cost and fair value of investment securities by expected maturity	The following sets forth the amortized cost and fair value of investment securities at March 31, 2016 by contractual maturity. Expected maturities differ from contractual maturities because borrowers may have the right to call or prepay the obligations with or without prepayment penalties. MBSs are based on average life at estimated prepayment speeds. Available-for-sale Held-to-maturity (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 4,155 $ 4,196 $ — $ — Due after one year through five years 154,676 156,292 5,011 5,100 Due after five years through ten years 92,339 94,572 12,316 12,706 Due after ten years 11,748 11,719 — — $ 262,918 $ 266,779 $ 17,327 $ 17,806

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Summary of loans by category	Loans summarized by category as of March 31, 2016, December 31, 2015 and March 31, 2015 are as follows: March 31, December 31, March 31, (Dollars in thousands) 2016 2015 2015 Commercial, financial and agricultural $ 39,092 $ 37,809 $ 32,569 Real estate: Construction 39,311 35,829 36,080 Mortgage-residential 47,768 49,077 49,838 Mortgage-commercial 329,093 326,978 294,108 Consumer: Home equity 30,419 30,906 33,511 Other 8,338 8,592 8,195 Total $ 494,021 $ 489,191 $ 454,301
Schedule of activity in the allowance for loan losses and the recorded investment in loans receivable	The detailed activity in the allowance for loan losses and the recorded investment in loans receivable as of and for the three months ended March 31, 2016 and March 31, 2015 and for the year ended December 31, 2015 is as follows: (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer Commercial Construction Residential Commercial Home equity Other Unallocated Total March 31, 2016 Allowance for loan losses: Beginning balance December 31, 2015 $ 75 $ 51 $ 223 $ 2,036 $ 127 $ 37 $ 2,047 $ 4,596 Charge-offs — — — (45 ) — (18 ) — (63 ) Recoveries 2 — 2 6 1 3 — 14 Provisions (4 ) 6 12 4 (41 ) 4 159 140 Ending balance March 31, 2016 $ 73 $ 57 $ 237 $ 2,001 $ 87 $ 26 $ 2,206 $ 4,687 Ending balances: Individually evaluated for impairment $ — $ — $ — $ 3 $ — $ — $ — $ 3 Collectively evaluated for impairment 73 57 237 1,998 87 26 2,206 4,684 March 31, 2016 Loans receivable: Ending balance-total $ 39,092 $ 39,311 $ 47,768 $ 329,093 $ 30,419 $ 8,338 $ — $ 494,021 Ending balances: Individually evaluated for impairment 3 — 877 7,165 — — — 8,045 Collectively evaluated for impairment $ 39,089 $ 39,311 $ 46,891 $ 321,928 $ 30,419 $ 8,338 $ — $ 485,976 (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer Commercial Construction Residential Commercial Home equity Other Unallocated Total March 31, 2015 Allowance for loan losses: Beginning balance December 31, 2014 $ 67 $ 45 $ 179 $ 1,572 $ 134 $ 44 $ 2,091 $ 4,132 Charge-offs (56 ) — — (291 ) — (11 ) — (358 ) Recoveries 2 — 1 4 1 64 — 72 Provisions 197 89 63 295 (14 ) (39 ) (185 ) 406 Ending balance March 31, 2015 $ 210 $ 134 $ 243 $ 1,580 $ 121 $ 58 $ 1,906 $ 4,252 Ending balances: Individually evaluated for impairment $ — $ — $ 4 $ 3 $ — $ — $ — $ 7 Collectively evaluated for impairment 210 134 239 1,577 121 58 1,906 4,245 March 31, 2015 Loans receivable: Ending balance-total $ 32,569 $ 36,080 $ 49,838 $ 294,108 $ 33,511 $ 8,195 $ — $ 454,301 Ending balances: Individually evaluated for impairment — — 1,066 6,740 91 — — 7,897 Collectively evaluated for impairment $ 32,569 $ 36,080 $ 48,772 $ 287,368 $ 33,420 $ 8,195 $ — $ 446,404 (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer Commercial Construction Residential Commercial Home equity Other Unallocated Total December 31, 2015 Allowance for loan losses: Beginning balance December 31, 2014 $ 67 $ 45 $ 179 $ 1,572 $ 134 $ 44 $ 2,091 $ 4,132 Charge-offs (69 ) — (50 ) (626 ) — (62 ) — (807 ) Recoveries 6 — 7 33 3 84 — 133 Provisions 71 6 87 1,057 (10 ) (29 ) (44 ) 1,138 Ending balance December 31, 2015 $ 75 $ 51 $ 223 $ 2,036 $ 127 $ 37 $ 2,047 $ 4,596 Ending balances: Individually evaluated for impairment $ — $ — $ 3 $ — $ — $ — $ — $ 3 Collectively evaluated for impairment 75 51 220 2,036 127 37 2,047 4,593 December 31, 2015 Loans receivable: Ending balance-total $ 37,809 $ 35,829 $ 49,077 $ 326,978 $ 30,906 $ 8,592 $ — $ 489,191 Ending balances: Individually evaluated for impairment 9 — 848 5,620 — — — 6,477 Collectively evaluated for impairment $ 37,800 $ 35,829 $ 48,229 $ 321,358 $ 30,906 $ 8,592 $ — $ 482,714
Schedule of loans individually evaluated and considered impaired	The following table presents at March 31, 2016 and December 31, 2015 loans individually evaluated and considered impaired under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 310 “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing troubled debt restructurings (“TDRs”). (Dollars in thousands) March 31, December 31, 2016 2015 Total loans considered impaired $ 8,045 $ 6,477 Loans considered impaired for which there is a related allowance for loan loss: Outstanding loan balance 48 49 Related allowance 3 3 Loans considered impaired and previously written down to fair value 7,999 6,428 Average impaired loans 12,771 9,518
Schedule of loan category and loans individually evaluated and considered impaired	The following tables are by loan category and present at March 31, 2016, December 31, 2015 and March 31, 2015 loans individually evaluated and considered impaired under FASB ASC 310 “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing TDRs. (Dollars in thousands) Three months ended Unpaid Average Interest March 31, 2016 Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no allowance recorded: Commercial $ 3 $ 3 $ — $ 8 $ — Real estate: Construction — — — — — Mortgage-residential 829 859 — 1,049 1 Mortgage-commercial 7,165 9,902 — 11,665 25 Consumer: Home Equity — — — — — Other — — — — — With an allowance recorded: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 48 48 3 49 — Mortgage-commercial — — — — — Consumer: Home Equity — — — — — Other — — — — — Total: Commercial 3 3 — 8 — Real estate: Construction — — — — — Mortgage-residential 877 907 3 1,098 1 Mortgage-commercial 7,165 9,902 — 11,665 25 Consumer: Home Equity — — — — — Other — — — — — $ 8,045 $ 10,812 $ 3 $ 12,771 $ 26 (Dollars in thousands) Three months ended Unpaid Average Interest March 31, 2015 Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no allowance recorded: Commercial $ — $ — $ — $ — $ — Real estate: Construction — — — — — Mortgage-residential 1,014 1,157 — 1,266 1 Mortgage-commercial 6,492 7,995 3 8,584 30 Consumer: Home Equity 91 97 — 97 — Other — — — — — With an allowance recorded: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 52 52 4 52 — Mortgage-commercial 248 248 3 250 — Consumer: Home Equity — — — — — Other — — — — — Total: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 1,066 1,209 4 1,318 1 Mortgage-commercial 6,740 8,243 3 8,834 30 Consumer: Home Equity 91 97 — 97 — Other — — — — — $ 7,897 $ 9,549 $ 7 $ 10,249 $ 31 (Dollars in thousands) December 31, 2015 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no allowance recorded: Commercial $ 9 $ 9 $ — $ 13 $ — Real estate: Construction — — — — — Mortgage-residential 799 874 — 1,082 1 Mortgage-commercial 5,620 7,548 — 8,372 60 Consumer: Home Equity — — — — — Other — — — — — With an allowance recorded: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 49 49 3 51 3 Mortgage-commercial — — — — — Consumer: Home Equity — — — — — Other — — — — — Total: Commercial 9 9 — 13 — Real estate: Construction — — — — — Mortgage-residential 848 923 3 1,133 4 Mortgage-commercial 5,620 7,548 — 8,372 60 Consumer: Home Equity — — — — — Other — — — — — $ 6,477 $ 8,480 $ 3 $ 9,518 $ 64
Schedule of loan category and loan by risk categories	(Dollars in thousands) March 31, 2016 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 38,848 $ 241 $ 3 $ — $ 39,092 Real estate: Construction 38,856 455 — — 39,311 Mortgage – residential 45,756 838 1,174 — 47,768 Mortgage – commercial 313,127 6,870 9,096 — 329,093 Consumer: Home Equity 30,074 176 169 — 30,419 Other 8,335 1 2 — 8,338 Total $ 474,996 $ 8,581 $ 10,444 $ — $ 494,021 (Dollars in thousands) December 31, 2015 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 37,501 $ 299 $ 9 $ — $ 37,809 Real estate: Construction 35,374 455 — — 35,829 Mortgage – residential 46,580 1,378 1,119 — 49,077 Mortgage – commercial 310,367 7,555 9,056 — 326,978 Consumer: Home Equity 30,587 180 139 — 30,906 Other 8,587 1 4 — 8,592 Total $ 468,996 $ 9,868 $ 10,327 $ — $ 489,191
Schedule of PCI Loan portfolio at fair value	In conjunction with the acquisition of Savannah River (as defined below) on February 1, 2014, the acquired PCI loan portfolio was accounted for at fair value as follows: (Dollars in thousands) February 1, 2014 Contractual principal and interest at acquisition $ 5,717 Nonaccretable difference (1,205 ) Expected cash flows at acquisition 4,512 Accretable yield (272 ) Basis in PCI loans at acquisition – estimated fair value $ 4,240
Schedule for changes in the accretable yield for PCI loans	A summary of changes in the accretable yield for PCI loans for the three months ended March 31, 2016 and March 31, 2015 follows (in thousands): (Dollars in thousands) Three Months Ended March 31, 2016 Three Months Ended March 31, 2015 Accretable yield, beginning of period $ 92 $ 75 Additions — — Accretion (42 ) (437 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — 390 Other changes, net — — Accretable yield, end of period $ 50 $ 28
Schedule of loan category and present loans past due and on non-accrual status	The following tables are by loan category and present loans past due and on non-accrual status as of March 31, 2016 and December 31, 2015: (Dollars in thousands) March 31, 2016 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days and Accruing Nonaccrual Total Past Due Current Total Loans Commercial $ 7 $ — $ — $ 3 $ 10 $ 39,082 $ 39,092 Real estate: Construction — 499 — — 499 38,812 39,311 Mortgage-residential 211 13 24 829 1,077 46,691 47,768 Mortgage-commercial 730 367 — 5,181 6,278 322,815 329,093 Consumer: Home equity 204 30 8 — 242 30,177 30,419 Other 20 10 — — 30 8,308 8,338 Total $ 1,172 $ 919 $ 32 $ 6,013 $ 8,136 $ 485,885 $ 494,021 (Dollars in thousands) December 31, 2015 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days and Accruing Nonaccrual Total Past Due Current Total Loans Commercial $ 5 $ — $ — $ 9 $ 14 $ 37,795 $ 37,809 Real estate: Construction — — — — — 35,829 35,829 Mortgage-residential 126 195 — 799 1,120 47,957 49,077 Mortgage-commercial 1,180 290 — 4,031 5,501 321,477 326,978 Consumer: Home equity 135 — — — 135 30,771 30,906 Other 4 4 — — 8 8,584 8,592 Total $ 1,450 $ 489 $ — $ 4,839 $ 6,778 $ 482,413 $ 489,191
Schedule by loan category, present loans determined to be TDRs	The Company identifies TDRs as impaired under the guidance in ASC 310-10-35. As shown in the table below, one loan was determined to be a TDR during the three months ended March 31, 2016. The loan was modified to extend the term of the loan due to financial hardship of the borrower. There were no loans determined to be TDRs that were restructured during the three-month period ended March 31, 2015. Troubled Debt Restructurings For the three months ended March 31, 2016 (Dollars in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Accrual Mortgage-Commercial 1 $ 413 $ 413 Total Accrual 1 $ — $ — Total TDRs 1 $ 413 $ 413
Schedule by loan category, present loans determined to be TDRs in the last twelve months that had payment defaults during the period	The following table, by loan category, presents loans determined to be TDRs in the twelve month period preceding March 31, 2015 that subsequently defaulted during the three month period ended March 31, 2015. During the three month period ended March 31, 2016, there were no loans determined to be TDRs in the previous twelve months that had payment defaults. Defaulted loans are those loans that are greater than 89 days past due. Troubled Debt Restructurings that subsequently defaulted this period (Dollars in thousands) For the three months ended March 31, 2015 Number of Contracts Recorded Investment Mortgage-Commercial 1 $ 1,391 Mortgage-Consumer 1 180 Total TDRs 2 $ 1,571

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of carrying amount and estimated fair value by classification Level of the Company's financial instruments	The carrying amount and estimated fair value by classification level of the Company’s financial instruments as of March 31, 2016 and December 31, 2015 are as follows: March 31, 2016 Fair Value (Dollars in thousands) Carrying Amount Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 25,825 $ 25,825 $ 25,825 $ — $ — Held-to-maturity securities 17,327 17,806 — 17,806 — Available-for-sale securities 266,779 266,779 817 265,545 417 Other investments, at cost 1,913 1,913 — — 1,913 Loans held for sale 2,545 2,545 — 2,545 — Net loans receivable 494,021 488,856 — 480,814 8,042 Accrued interest 2,681 2,681 2,681 — — Financial liabilities: Non-interest bearing demand deposits $ 163,383 $ 163,383 $ — $ 163,383 $ — NOW and money market accounts 317,980 317,980 — 317,980 — Savings 64,007 64,007 — 64,007 — Time deposits 176,866 177,054 — 177,054 — Total deposits 722,236 722,424 — 722,424 — Federal Home Loan Bank Advances 24,432 25,925 — 25,925 — Short term borrowings 20,697 20,697 — 20,697 — Junior subordinated debentures 14,964 15,006 — 15,006 — Accrued interest payable 670 670 670 — — December 31, 2015 Fair Value (Dollars in thousands) Carrying Amount Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 22,941 $ 22,941 $ 22,941 $ — $ — Held-to-maturity securities 17,371 17,555 — 17,555 — Available-for-sale securities 264,687 264,687 812 263,458 417 Other investments, at cost 1,783 1,783 — — 1,783 Loans held for sale 2,962 2,962 — 2,962 — Net loans receivable 484,595 484,669 — 478,195 6,474 Accrued interest 2,877 2,877 2,877 — — Financial liabilities: Non-interest bearing demand deposits $ 156,247 $ 156,247 $ — $ 156,247 $ — NOW and money market accounts 318,308 318,308 — 318,308 — Savings 60,699 60,699 — 60,699 — Time deposits 180,897 181,325 — 181,325 — Total deposits 716,151 716,579 — 716,579 — Federal Home Loan Bank Advances 24,788 25,841 — 25,841 — Short term borrowings 21,033 21,033 — 21,033 — Junior subordinated debentures 14,964 14,954 — 14,954 — Accrued interest payable 652 652 652 — —
Schedule of fair value for each category of assets carried at fair value that are measured on a recurring basis	The following tables summarize quantitative disclosures about the fair value for each category of assets carried at fair value as of March 31, 2016 and December 31, 2015 that are measured on a recurring basis. There were no liabilities carried at fair value as of March 31, 2016 or December 31, 2015 that are measured on a recurring basis. (Dollars in thousands) Description March 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities US Treasury Securities $ 1,564 $ — $ 1,564 $ — Government sponsored enterprises 1,023 — 1,023 — Mortgage-backed securities 149,455 — 149,455 — Small Business Administration pools 57,427 — 57,427 — State and local government 56,016 — 56,016 — Corporate and other securities 1,294 817 60 417 Total $ 266,779 $ 817 $ 265,545 $ 417 (Dollars in thousands) Description December 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities US Treasury Securities $ 1,522 $ — $ 1,522 $ — Government sponsored enterprises 992 — 992 — Mortgage-backed securities 146,261 — 146,261 — Small Business Administration pools 57,328 — 57,328 — State and local government 57,295 — 57,295 — Corporate and other securities 1,289 812 60 417 Total $ 264,687 $ 812 $ 263,458 $ 417
Schedule reconciling the changes in Level 3 financial instruments measured on a recurring basis	The following table reconciles the changes in Level 3 financial instruments for the three months ended March 31, 2016 and March 31, 2015 that are measured on a recurring basis. March 31, 2016 2015 ( Dollars in thousands) Corporate Preferred Stock Corporate Preferred Stock Beginning Balance $ 417 $ 417 Total gains or losses (realized/unrealized) Included in earnings — — Included in other comprehensive income — — Purchases, issuances, and settlements — — Transfers in and/or out of Level 3 — — Ending Balance $ 417 $ 417
Schedule of the fair value for each category of assets carried at fair value that are measured on a non-recurring basis	The following tables summarize quantitative disclosures about the fair value for each category of assets carried at fair value as of March 31, 2016 and December 31, 2015 that are measured on a non-recurring basis. (Dollars in thousands) Description March 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ 3 $ — $ — $ 3 Real estate: Mortgage-residential 874 — — 874 Mortgage-commercial 7,165 — — 7,165 Consumer: Home equity — — — — Other — — — — Total impaired 8,042 — — 8,042 Other real estate owned: Construction 276 — — 276 Mortgage-residential 156 — — 156 Mortgage-commercial 1,052 — — 1,052 Total other real estate owned 1,484 — — 1,484 Total $ 9,526 $ — $ — $ 9,526 (Dollars in thousands) Description December 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ 9 $ — $ — $ 9 Real estate: Mortgage-residential 845 — — 845 Mortgage-commercial 5,620 — — 5,620 Consumer: Home equity — — — — Other — — — — Total impaired 6,474 — — 6,474 Other real estate owned: Construction 276 — — 276 Mortgage-residential 191 — — 191 Mortgage-commercial 1,991 — — 1,991 Total other real estate owned 2,458 — — 2,458 Total $ 8,932 $ — $ — $ 8,932
Schedule of significant unobservable inputs used in the fair value measurements	For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of March 31, 2016 and December 31, 2015, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value as of March 31, 2016 Valuation Technique Significant Observable Inputs Significant Unobservable Inputs Preferred stock $417 Estimation based on comparable non-listed securities Comparable transactions n/a OREO $1,484 Appraisal Value/Comparison Sales/Other estimates Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost Impaired loans $8,042 Appraisal Value Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost (Dollars in thousands) Fair Value as of December 31, 2015 Valuation Technique Significant Observable Inputs Significant Unobservable Inputs Preferred stock $417 Estimation based on comparable non-listed securities Comparable transactions n/a OREO $2,458 Appraisal Value/Comparison Sales/Other estimates Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost Impaired loans $6,474 Appraisal Value Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
	Mar. 31, 2016
Banking and Thrift [Abstract]
Schedule of Total Deposit Liabilities	The Company’s total deposits are comprised of the following at the dates indicated: March 31, December 31, Dollars in thousands 2016 2015 Non-interest bearing demand deposits $ 163,383 $ 156,247 NOW and money market accounts 317,980 318,308 Savings 64,007 60,699 Time deposits 176,866 180,897 Total deposits $ 722,236 $ 716,151

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Numerator (Included in basic and diluted earnings per share)	$ 1,468	$ 1,404
Weighted average common shares outstanding for:
Basic earnings common per share (in shares)	6,573	6,522
Dilutive securities:
Deferred compensation (in shares)	36	20
Warrants/Restricted stock -Treasury stock method (in shares)	142	123
Diluted earnings per share (in shares)	6,751	6,665
The average market price used in calculating assumed number of shares (in dollars per share)	$ 13.64	$ 11.42

EARNINGS PER SHARE (Details Nar

EARNINGS PER SHARE (Details Narrative) - USD ($) $ in Thousands	Dec. 16, 2013	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Outstanding securities not deemed to be dilutive (in shares)			8,903
Warrants outstanding		97,180
Restricted shares issued (in shares)		138,000
Unrecognized compensation cost		$ 490		$ 297
Junior Subordinated Debt [Member]
Debt issued	$ 2,500
Warrant [Member]
Warrants issued (in shares)	107,500

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 262,918	$ 263,549
Gross Unrealized Gains	4,701	2,932
Gross Unrealized Losses	840	1,794
Fair Value	266,779	264,687
US Treasury Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,545	$ 1,547
Gross Unrealized Gains	$ 19
Gross Unrealized Losses		$ 25
Fair Value	$ 1,564	1,522
Government sponsored enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	952	950
Gross Unrealized Gains	$ 71	$ 42
Gross Unrealized Losses
Fair Value	$ 1,023	$ 992
Government Sponsored Enterprise mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	148,382	146,935
Gross Unrealized Gains	1,468	498
Gross Unrealized Losses	395	1,172
Fair Value	149,455	146,261
Small Business Administration pools [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	57,360	57,474
Gross Unrealized Gains	450	355
Gross Unrealized Losses	383	501
Fair Value	57,427	57,328
State and local government [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	53,330	55,294
Gross Unrealized Gains	2,693	2,037
Gross Unrealized Losses	7	36
Fair Value	56,016	57,295
Corporate and other securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 1,349	$ 1,349
Gross Unrealized Gains
Gross Unrealized Losses	$ 55	$ 60
Fair Value	$ 1,294	$ 1,289

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Schedule of Trading Securities and Other Trading Assets [Line Items]
Amortized Cost	$ 17,327	$ 17,371
Gross Unrealized Gains	$ 479	211
Gross Unrealized Losses		27
Fair Value	$ 17,806	17,555
State and local government [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Amortized Cost	17,327	17,371
Gross Unrealized Gains	$ 479	211
Gross Unrealized Losses		27
Fair Value	$ 17,806	$ 17,555

INVESTMENT SECURITIES (Detail26

INVESTMENT SECURITIES (Details 3) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Available-for-sale securities
Less Than 12 Months, Fair Value	$ 46,111	$ 85,481
Less Than 12 Months, Unrealized Losses	278	917
12 Months Or Longer, Fair Value	37,504	45,662
12 Months Or Longer, Unrealized Losses	562	877
Total Fair Value	83,615	131,143
Total Unrealized Losses	840	1,794
Held-to-maturity debt securities
Less Than 12 Months, Fair Value		3,473
Less Than 12 Months, Unrealized Losses		24
12 Months Or Longer, Fair Value		444
12 Months Or Longer, Unrealized Losses		3
Total Fair Value		3,917
Total Unrealized Losses		27
US Treasury Securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value		1,522
Less Than 12 Months, Unrealized Losses		$ 25
12 Months Or Longer, Fair Value
12 Months Or Longer, Unrealized Losses
Total Fair Value		$ 1,522
Total Unrealized Losses		25
Government Sponsored Enterprise mortgage-backed securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	36,214	69,112
Less Than 12 Months, Unrealized Losses	206	731
12 Months Or Longer, Fair Value	11,957	17,593
12 Months Or Longer, Unrealized Losses	185	439
Total Fair Value	48,171	86,705
Total Unrealized Losses	391	1,170
Small Business Administration pools [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	9,732	13,386
Less Than 12 Months, Unrealized Losses	71	153
12 Months Or Longer, Fair Value	23,603	25,709
12 Months Or Longer, Unrealized Losses	312	348
Total Fair Value	33,335	39,095
Total Unrealized Losses	383	$ 501
Non-agency mortgage-backed securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	165
Less Than 12 Months, Unrealized Losses	1
12 Months Or Longer, Fair Value	274
12 Months Or Longer, Unrealized Losses	3	$ 186
Total Fair Value	439
Total Unrealized Losses	$ 4	186
State and local government [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value		1,461
Less Than 12 Months, Unrealized Losses		8
12 Months Or Longer, Fair Value	$ 853	1,362
12 Months Or Longer, Unrealized Losses	7	28
Total Fair Value	853	2,823
Total Unrealized Losses	$ 7	36
Held-to-maturity debt securities
Less Than 12 Months, Fair Value		3,473
Less Than 12 Months, Unrealized Losses		24
12 Months Or Longer, Fair Value		444
12 Months Or Longer, Unrealized Losses		3
Total Fair Value		3,917
Total Unrealized Losses		$ 27
Corporate and other securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value
Less Than 12 Months, Unrealized Losses
12 Months Or Longer, Fair Value	$ 817	$ 812
12 Months Or Longer, Unrealized Losses	55	60
Total Fair Value	817	812
Total Unrealized Losses	$ 55	$ 60

INVESTMENT SECURITIES (Detail27

INVESTMENT SECURITIES (Details 4) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Available-for-sale, Amortized Cost
Due in one year or less	$ 4,155,000
Due after one year through five years	154,676,000
Due after five years through ten years	92,339,000
Due after ten years	11,748,000
Total	262,918,000	$ 263,549,000
Available-for-sale, Fair Value
Due in one year or less	4,196,000
Due after one year through five years	156,292,000
Due after five years through ten years	94,572,000
Due after ten years	11,719,000
Total	$ 266,779,000	264,687,000
Held To Maturity Securities, Amortized Cost
Due in one year or less
Due after one year through five years	$ 5,011,000
Due after five years through ten years	$ 12,316,000
Due after ten years
Total	$ 17,327,000	17,371,000
Held To Maturity Securities, Fair value
Due in one year or less
Due after one year through five years	$ 5,100,000
Due after five years through ten years	$ 12,706,000
Due after ten years
Total	$ 17,806,000	$ 17,555,000

INVESTMENT SECURITIES (Detail28

INVESTMENT SECURITIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Amortized Cost	$ 262,918,000		$ 263,549,000
Fair Value	266,779,000		264,687,000
FHLB Stock	1,900,000		1,800,000
Proceeds from sale of investment securities available-for-sale	11,479,000	$ 6,955,000
Mutual Funds [Member]
Fair Value	817,200		812,000
Foreign Corporate Debt Securities [Member]
Fair Value	60,200		60,100
Corporate Preferred Stock [Member]
Fair Value	$ 416,800		$ 416,800

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 494,021	$ 489,191	$ 454,301
Commercial Financial and Agricultural Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	39,092	37,809	32,569
Real Estate Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	39,311	35,829	36,080
Real estate Mortgage-residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	47,768	49,077	49,838
Real estate Mortgage-commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	329,093	326,978	294,108
Consumer Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	30,419	30,906	33,511
Consumer Other Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 8,338	$ 8,592	$ 8,195

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Activity in the allowance for loan losses
Balance at the beginning of the period	$ 4,596	$ 4,132	$ 4,132
Charge-offs	(63)	(358)	(807)
Recoveries	14	72	133
Provisions	140	406	1,138
Balance at end of the period	4,687	4,252	4,596
Allowance for loan losses
Individually evaluated for impairment	3	7	3
Collectively evaluated for impairment	4,684	4,245	4,593
Loans receivable:
Ending balance-total	494,021	454,301	489,191
Individually evaluated for impairment	8,045	7,897	6,477
Collectively evaluated for impairment	485,976	446,404	482,714
Commercial Financial and Agricultural Loans [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	$ 75	67	67
Charge-offs		(56)	(69)
Recoveries	$ 2	2	6
Provisions	(4)	197	71
Balance at end of the period	$ 73	$ 210	$ 75
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	$ 73	$ 210	$ 75
Loans receivable:
Ending balance-total	39,092	$ 32,569	37,809
Individually evaluated for impairment	3		9
Collectively evaluated for impairment	$ 39,089	$ 32,569	37,800
Real Estate Construction Loans [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period		$ 45	$ 45
Charge-offs
Recoveries
Provisions	$ 6	$ 89	$ 6
Balance at end of the period		$ 134
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	$ 57	$ 134	$ 51
Loans receivable:
Ending balance-total	$ 39,311	$ 36,080	$ 35,829
Individually evaluated for impairment
Collectively evaluated for impairment	$ 39,311	$ 36,080	$ 35,829
Real estate Mortgage-residential [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period		$ 179	179
Charge-offs			(50)
Recoveries	$ 2	$ 1	7
Provisions	$ 12	63	87
Balance at end of the period		243
Allowance for loan losses
Individually evaluated for impairment		4	3
Collectively evaluated for impairment	$ 237	239	220
Loans receivable:
Ending balance-total	47,768	49,838	49,077
Individually evaluated for impairment	877	1,066	848
Collectively evaluated for impairment	46,891	48,772	48,229
Real estate Mortgage-commercial [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	2,036	1,572	1,572
Charge-offs	(45)	(291)	(626)
Recoveries	6	4	33
Provisions	4	295	1,057
Balance at end of the period	2,001	1,580	$ 2,036
Allowance for loan losses
Individually evaluated for impairment	3	3
Collectively evaluated for impairment	1,998	1,577	$ 2,036
Loans receivable:
Ending balance-total	329,093	294,108	326,978
Individually evaluated for impairment	7,165	6,740	5,620
Collectively evaluated for impairment	$ 321,928	287,368	321,358
Consumer Home Equity Line of Credit [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period		$ 134	$ 134
Charge-offs
Recoveries	$ 1	$ 1	$ 3
Provisions	$ (41)	(14)	$ (10)
Balance at end of the period		$ 121
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	$ 87	$ 121	$ 127
Loans receivable:
Ending balance-total	$ 30,419	33,511	$ 30,906
Individually evaluated for impairment		91
Collectively evaluated for impairment	$ 30,419	33,420	$ 30,906
Consumer Other Financing Receivable [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period		44	44
Charge-offs	(18)	(11)	(62)
Recoveries	3	64	84
Provisions	$ 4	(39)	$ (29)
Balance at end of the period		$ 58
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	$ 26	$ 58	$ 37
Loans receivable:
Ending balance-total	$ 8,338	$ 8,195	$ 8,592
Individually evaluated for impairment
Collectively evaluated for impairment	$ 8,338	$ 8,195	$ 8,592
Unallocated Financing Receivables [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period		$ 2,091	$ 2,091
Charge-offs
Recoveries
Provisions	$ 159	$ (185)	$ (44)
Balance at end of the period		$ 1,906
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	$ 2,206	$ 1,906	$ 2,047
Loans receivable:
Ending balance-total
Individually evaluated for impairment
Collectively evaluated for impairment

LOANS (Details 3)

LOANS (Details 3) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Loans Details 3
Total loans considered impaired at year end	$ 8,045	$ 7,897	$ 6,477
Loans considered impaired for which there is a related allowance for loan loss:
Outstanding loan balance	48		49
Related allowance	3	7	3
Loans considered impaired and previously written down to fair value	7,999		6,428
Average impaired loans	12,771	10,249	9,518
Amount of interest earned during period of impairment	$ 26	$ 31	$ 64

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
With no allowance recorded:
Recorded Investment	$ 7,999		$ 6,428
With an allowance recorded:
Recorded Investment	48		49
Related allowance	3	$ 7	3
Total:
Recorded Investment	8,045	7,897	6,477
Unpaid Principal Balance	10,812	9,549	8,480
Average Recorded Investment	12,771	10,249	9,518
Interest Income Recognized	26	$ 31	64
Commercial Financial and Agricultural Loans [Member]
With no allowance recorded:
Recorded Investment	3		9
Unpaid Principal Balance	3		9
Average Recorded Investment	$ 8		$ 13
Interest Income Recognized
With an allowance recorded:
Recorded Investment
Unpaid Principal Balance
Related allowance
Average Recorded Investment
Interest Income Recognized
Total:
Recorded Investment	$ 3		$ 9
Unpaid Principal Balance	3		9
Average Recorded Investment	$ 8		$ 13
Interest Income Recognized
Real Estate Construction Loans [Member]
With no allowance recorded:
Recorded Investment
Unpaid Principal Balance
Average Recorded Investment
Interest Income Recognized
With an allowance recorded:
Recorded Investment
Unpaid Principal Balance
Related allowance
Average Recorded Investment
Interest Income Recognized
Total:
Recorded Investment
Unpaid Principal Balance
Average Recorded Investment
Interest Income Recognized
Real estate Mortgage-residential [Member]
With no allowance recorded:
Recorded Investment	$ 829	$ 1,014	$ 799
Unpaid Principal Balance	859	1,157	874
Average Recorded Investment	1,049	1,266	1,082
Interest Income Recognized	1	1	1
With an allowance recorded:
Recorded Investment	48	52	49
Unpaid Principal Balance	48	52	49
Related allowance	3	4	3
Average Recorded Investment	$ 49	$ 52	51
Interest Income Recognized			3
Total:
Recorded Investment	$ 877	$ 1,066	848
Unpaid Principal Balance	907	1,209	923
Average Recorded Investment	1,098	1,318	1,133
Interest Income Recognized	1	1	4
Real estate Mortgage-commercial [Member]
With no allowance recorded:
Recorded Investment	7,165	6,492	5,620
Unpaid Principal Balance	9,902	7,995	7,548
Average Recorded Investment	11,665	8,584	8,372
Interest Income Recognized	$ 25	30	$ 60
With an allowance recorded:
Recorded Investment		248
Unpaid Principal Balance		248
Related allowance		3
Average Recorded Investment		$ 250
Interest Income Recognized
Total:
Recorded Investment	$ 7,165	$ 6,740	$ 5,620
Unpaid Principal Balance	9,902	8,243	7,548
Average Recorded Investment	11,665	8,834	8,372
Interest Income Recognized	$ 25	30	$ 60
Consumer Home Equity Line of Credit [Member]
With no allowance recorded:
Recorded Investment		91
Unpaid Principal Balance		97
Average Recorded Investment		$ 97
Interest Income Recognized
With an allowance recorded:
Recorded Investment
Unpaid Principal Balance
Related allowance
Average Recorded Investment
Interest Income Recognized
Total:
Recorded Investment		$ 91
Unpaid Principal Balance		97
Average Recorded Investment		$ 97
Interest Income Recognized
Consumer Other Financing Receivable [Member]
With no allowance recorded:
Recorded Investment
Unpaid Principal Balance
Average Recorded Investment
Interest Income Recognized
With an allowance recorded:
Recorded Investment
Unpaid Principal Balance
Related allowance
Average Recorded Investment
Interest Income Recognized
Total:
Recorded Investment
Unpaid Principal Balance
Average Recorded Investment
Interest Income Recognized

LOANS (Details 5)

LOANS (Details 5) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Loans	$ 494,021	$ 489,191	$ 454,301
Commercial Financial and Agricultural Loans [Member]
Loans	39,092	37,809	32,569
Real Estate Construction Loans [Member]
Loans	39,311	35,829	36,080
Real estate Mortgage-residential [Member]
Loans	47,768	49,077	49,838
Consumer Other Financing Receivable [Member]
Loans	329,093	326,978
Consumer Home Equity Line of Credit [Member]
Loans	30,419	30,906	33,511
Consumer Other Financing Receivable [Member]
Loans	8,338	8,592	8,195
Real estate Mortgage-commercial [Member]
Loans	329,093	326,978	$ 294,108
Pass [Member]
Loans	474,996	468,996
Pass [Member] | Commercial Financial and Agricultural Loans [Member]
Loans	38,848	37,501
Pass [Member] | Real Estate Construction Loans [Member]
Loans	38,856	35,374
Pass [Member] | Real estate Mortgage-residential [Member]
Loans	45,756	46,580
Pass [Member] | Consumer Other Financing Receivable [Member]
Loans	8,335	8,587
Pass [Member] | Consumer Home Equity Line of Credit [Member]
Loans	30,074	30,587
Pass [Member] | Real estate Mortgage-commercial [Member]
Loans	313,127	310,367
Special Mention [Member]
Loans	8,581	9,868
Special Mention [Member] | Commercial Financial and Agricultural Loans [Member]
Loans	241	299
Special Mention [Member] | Real Estate Construction Loans [Member]
Loans	455	455
Special Mention [Member] | Real estate Mortgage-residential [Member]
Loans	838	1,378
Special Mention [Member] | Consumer Other Financing Receivable [Member]
Loans	1	1
Special Mention [Member] | Consumer Home Equity Line of Credit [Member]
Loans	176	180
Special Mention [Member] | Real estate Mortgage-commercial [Member]
Loans	6,870	7,555
Substandard [Member]
Loans	10,444	10,327
Substandard [Member] | Commercial Financial and Agricultural Loans [Member]
Loans	$ 3	$ 9
Substandard [Member] | Real Estate Construction Loans [Member]
Loans
Substandard [Member] | Real estate Mortgage-residential [Member]
Loans	$ 1,174	$ 1,119
Substandard [Member] | Consumer Other Financing Receivable [Member]
Loans	2	4
Substandard [Member] | Consumer Home Equity Line of Credit [Member]
Loans	169	139
Substandard [Member] | Real estate Mortgage-commercial [Member]
Loans	$ 9,096	$ 9,056
Doubtful [Member]
Loans
Doubtful [Member] | Commercial Financial and Agricultural Loans [Member]
Loans
Doubtful [Member] | Real Estate Construction Loans [Member]
Loans
Doubtful [Member] | Real estate Mortgage-residential [Member]
Loans
Doubtful [Member] | Consumer Other Financing Receivable [Member]
Loans
Doubtful [Member] | Consumer Home Equity Line of Credit [Member]
Loans
Doubtful [Member] | Real estate Mortgage-commercial [Member]
Loans

LOANS (Details 6)

LOANS (Details 6) $ in Thousands	Feb. 01, 2014USD ($)
Loans Details 6
Contractual principal and interest at acquisition	$ 5,717
Nonaccretable difference	(1,205)
Expected cash flows at acquisition	4,512
Accretable yield	(272)
Basis in PCI loans at acquisition - estimated fair value	$ 4,240

LOANS (Details 7)

LOANS (Details 7) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Loans Details 6
Accretable yield, beginning of period	$ 92	$ 75
Additions
Accretion	$ (42)	$ (437)
Reclassification of nonaccretable difference due to improvement in expected cash flows		$ 390
Other changes, net
Accretable yield, end of period	$ 50	$ 28

LOANS (Details 8)

LOANS (Details 8) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	$ 1,172	$ 1,450
60-89 Days Past Due	919	$ 489
Greater than 90 Days and Accruing	32
Nonaccrual	6,013	$ 4,839
Total Past Due	8,136	6,778
Current	485,885	482,413
Total Loans	494,021	489,191	$ 454,301
Commercial Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	$ 7	$ 5
60-89 Days Past Due
Greater than 90 Days and Accruing
Nonaccrual	$ 3	$ 9
Total Past Due	10	14
Current	39,082	37,795
Total Loans	$ 39,092	$ 37,809
Real Estate Construction Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due
60-89 Days Past Due	$ 499
Greater than 90 Days and Accruing
Nonaccrual
Total Past Due	$ 499
Current	38,812	$ 35,829
Total Loans	39,311	35,829	36,080
Real estate Mortgage-residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	211	126
60-89 Days Past Due	13	$ 195
Greater than 90 Days and Accruing	24
Nonaccrual	829	$ 799
Total Past Due	1,077	1,120
Current	46,691	47,957
Total Loans	47,768	49,077	49,838
Consumer Other Financing Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	730	1,180
60-89 Days Past Due	$ 367	$ 290
Greater than 90 Days and Accruing
Nonaccrual	$ 5,181	$ 4,031
Total Past Due	6,278	5,501
Current	322,815	321,477
Total Loans	329,093	326,978
Consumer Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	204	$ 135
60-89 Days Past Due	30
Greater than 90 Days and Accruing	$ 8
Nonaccrual
Total Past Due	$ 242	$ 135
Current	30,177	30,771
Total Loans	30,419	30,906	33,511
Consumer Other Financing Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	20	4
60-89 Days Past Due	$ 10	$ 4
Greater than 90 Days and Accruing
Nonaccrual
Total Past Due	$ 30	$ 8
Current	8,308	8,584
Total Loans	$ 8,338	$ 8,592	$ 8,195

LOANS (Details 9)

LOANS (Details 9) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)N
Troubled Debt Restructurings that subsequently defaulted
Number of Contracts | N	2
Recorded Investment	$ 1,571
Real estate Mortgage-commercial [Member]
Troubled Debt Restructurings that subsequently defaulted
Number of Contracts | N	1
Recorded Investment	$ 1,391
Real estate Mortgage-Consumer [Member]
Troubled Debt Restructurings that subsequently defaulted
Number of Contracts | N	1
Recorded Investment	$ 180
Nonaccrual Status [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | N	1
Pre-Modification Outstanding Recorded Investment	$ 413
Post-Modification Outstanding Recorded Investment	$ 413
Nonaccrual Status [Member] | Real estate Mortgage-commercial [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | N	1
Pre-Modification Outstanding Recorded Investment	$ 413
Post-Modification Outstanding Recorded Investment	$ 413

LOANS (Details Narrative)

LOANS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Receivables [Abstract]
Loans outstanding to bank directors, executive officers and their related business interests	$ 8,700,000	$ 9,500,000
Loans to bank directors, executive officers and their related business interests repaid during the period	163,700	961,500
Loans made to bank directors, executive officers and their related business interests during the period		$ 871,700
Troubled debt restructurings	$ 2,000,000		$ 1,600,000

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Financial Assets:
Held-to-maturity securities	$ 17,806	$ 17,555
Investment securities available-for-sale	266,779	264,687
Other investments, at cost	1,913	1,783
Financial liabilities:
Non-interest bearing demand	163,383	156,247
NOW and money market accounts	317,980	318,308
Savings	64,007	60,699
Time deposits	176,866	180,897
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Financial Assets:
Cash and short term investments	25,825	22,941
Held-to-maturity securities	17,327	17,371
Investment securities available-for-sale	266,779	264,687
Other investments, at cost	1,913	1,783
Loans held for sale	2,545	2,962
Net loans receivable	494,021	484,595
Accrued interest	2,681	2,877
Financial liabilities:
Non-interest bearing demand	163,383	156,247
NOW and money market accounts	317,980	318,308
Savings	64,007	60,699
Time deposits	176,866	180,897
Total deposits	722,236	716,151
Federal Home Loan Bank Advances	24,432	24,788
Short term borrowings	20,697	21,033
Junior subordinated debentures	14,964	14,964
Accrued interest payable	670	652
Estimate of Fair Value, Fair Value Disclosure [Member]
Financial Assets:
Cash and short term investments	25,825	22,941
Held-to-maturity securities	17,806	17,555
Investment securities available-for-sale	266,779	264,687
Other investments, at cost	1,913	1,783
Loans held for sale	2,545	2,962
Net loans receivable	488,856	484,669
Accrued interest	2,681	2,877
Financial liabilities:
Non-interest bearing demand	163,383	156,247
NOW and money market accounts	317,980	318,308
Savings	64,007	60,699
Time deposits	177,054	181,325
Total deposits	722,424	716,579
Federal Home Loan Bank Advances	25,925	25,841
Short term borrowings	20,697	21,033
Junior subordinated debentures	15,006	14,954
Accrued interest payable	670	652
Fair Value, Inputs, Level 1 [Member]
Financial Assets:
Cash and short term investments	$ 25,825	$ 22,941
Held-to-maturity securities
Investment securities available-for-sale	$ 817	$ 812
Other investments, at cost
Loans held for sale
Net loans receivable
Accrued interest	$ 2,681	$ 2,877
Financial liabilities:
Non-interest bearing demand
NOW and money market accounts
Savings
Time deposits
Total deposits
Federal Home Loan Bank Advances
Short term borrowings
Junior subordinated debentures
Accrued interest payable	$ 670	$ 652
Fair Value, Inputs, Level 2 [Member]
Financial Assets:
Cash and short term investments
Held-to-maturity securities	$ 17,806	$ 17,555
Investment securities available-for-sale	$ 265,545	$ 263,458
Other investments, at cost
Loans held for sale	$ 2,545	$ 2,962
Net loans receivable	$ 480,814	$ 478,195
Accrued interest
Financial liabilities:
Non-interest bearing demand	$ 163,383	$ 156,247
NOW and money market accounts	317,980	318,308
Savings	64,007	60,699
Time deposits	177,054	181,325
Total deposits	722,424	716,579
Federal Home Loan Bank Advances	25,925	25,841
Short term borrowings	20,697	21,033
Junior subordinated debentures	$ 15,006	$ 14,954
Accrued interest payable
Fair Value, Inputs, Level 3 [Member]
Financial Assets:
Cash and short term investments
Held-to-maturity securities
Investment securities available-for-sale	$ 417	$ 417
Other investments, at cost	$ 1,913	$ 1,783
Loans held for sale
Net loans receivable	$ 8,042	$ 6,474
Accrued interest
Financial liabilities:
Non-interest bearing demand
NOW and money market accounts
Savings
Time deposits
Total deposits
Federal Home Loan Bank Advances
Short term borrowings
Junior subordinated debentures
Accrued interest payable

FAIR VALUE MEASUREMENT (Detai40

FAIR VALUE MEASUREMENT (Details 2) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	$ 266,779	$ 264,687
US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,564	1,522
Government sponsored enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,023	992
Small Business Administration pools [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	57,427	57,328
State and local government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	56,016	57,295
Corporate and other securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,294	1,289
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	266,779	264,687
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,564	1,522
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Recurring [Member] | Government sponsored enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,023	992
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	149,455	146,261
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Recurring [Member] | Small Business Administration pools [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	57,427	57,328
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Recurring [Member] | State and local government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	56,016	57,295
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Recurring [Member] | Corporate and other securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,294	1,289
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	817	812
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate and other securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	817	812
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	265,545	263,458
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,564	1,522
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Government sponsored enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,023	992
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	149,455	146,261
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Small Business Administration pools [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	57,427	57,328
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | State and local government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	56,016	57,295
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate and other securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	60	60
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	417	417
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate and other securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	$ 417	$ 417

FAIR VALUE MEASUREMENT (Detai41

FAIR VALUE MEASUREMENT (Details 3) - Corporate Preferred Stock [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Reconciliation of changes in level 3 financial instruments
Balance at the beginning of the period	$ 417	$ 417
Total gains or losses (realized/unrealized)
Included in earnings
Included in other comprehensive income
Purchases, issuances, and settlements
Balance at the end of the period	$ 417	$ 417

FAIR VALUE MEASUREMENT (Detai42

FAIR VALUE MEASUREMENT (Details 4) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	$ 8,045	$ 6,477	$ 7,897
Total other real estate owned	1,484	2,458
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	8,042	6,474
Total other real estate owned	1,484	2,458
Total	9,526	8,932
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	8,042	6,474
Total other real estate owned	1,484	2,458
Total	9,526	8,932
Commercial and Industrial Loans Receivable [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	3	9
Commercial and Industrial Loans Receivable [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	3	9
Real Estate Construction Loans [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total other real estate owned	276	276
Real Estate Construction Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total other real estate owned	276	276
Real estate Mortgage-residential [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	874	845
Total other real estate owned	156	191
Real estate Mortgage-residential [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	874	845
Total other real estate owned	156	191
Real estate Mortgage-commercial [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	7,165	5,620
Total other real estate owned	1,052	1,991
Real estate Mortgage-commercial [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	7,165	5,620
Total other real estate owned	$ 1,052	$ 1,991
Consumer Home Equity Line of Credit [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans
Consumer Home Equity Line of Credit [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans
Consumer Other Financing Receivable [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans
Consumer Other Financing Receivable [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans

FAIR VALUE MEASUREMENT (Detai43

FAIR VALUE MEASUREMENT (Details 5) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Fair Value Inputs, Assets, Quantitative Information [Line Items]
OREO	$ 1,484	$ 2,458
Total impaired loans	8,045	6,477	$ 7,897
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Appraisal Value Comparison Sales Other Estimates Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
OREO	$ 1,484	$ 2,458
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Appraisal Value Comparison Sales Other Estimates Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Rate (as a percent)	6.00%	6.00%
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | Appraisal Value Comparison Sales Other Estimates Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Rate (as a percent)	16.00%	16.00%
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Appraisal Value Discounted Cash Flows Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Total impaired loans	$ 8,042	$ 6,474
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Appraisal Value Discounted Cash Flows Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Rate (as a percent)	6.00%	6.00%
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | Appraisal Value Discounted Cash Flows Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Rate (as a percent)	16.00%	16.00%
Preferred Stock [Member] | Fair Value, Inputs, Level 3 [Member] | Estimation Based on Comparable Non Listed Securities Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Preferred stock	$ 417	$ 417

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Banking and Thrift [Abstract]
Non-interest bearing demand deposits	$ 163,383	$ 156,247
NOW and money market accounts	317,980	318,308
Savings	64,007	60,699
Time deposits	176,866	180,897
Total deposits	722,236	716,151
Time deposits greater than $250 thousand	$ 20,800	$ 21,200