13.	INCOME TAXES

During the three months ended September 30, 2014 and 2013, the Company's consolidated effective tax rates were 39.8% and 40.4%, respectively. During the nine months ended September 30, 2014 and 2013, the Company's consolidated effective tax rates were 41.1% and 40.3%, respectively, approximating the expected 41% normalized rate for each period. During the three months ended September 30, 2014, the effective tax rate was reduced as a result of an adjustment related to a previous year tax return. Otherwise, there were no significant unusual income tax items during either the three-month or nine-month periods ended September 30, 2014 and 2013.

14.	NET MORTGAGE BANKING INCOME

Net mortgage banking income presented in the consolidated statements of income was comprised of the following items:

	Three Months Ended September 30,				Nine months Ended September 30,
	2014		2013		2014		2013
Gain on the sale of loans	$	-	$	2	$	27	$	13
Credit to the liability for First Loss Position		-		50		1,040		245
Mortgage banking fees recognized		71		24		86		92
Net mortgage banking income	$	71	$	76	$	1,153	$	350