PREMISES AND FIXED ASSETS, NET

12 Months Ended

Dec. 31, 2014

PREMISES AND FIXED ASSETS, NET [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

8.   PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE

The following is a summary of premises and fixed assets, net and premises held for sale:

	At December 31, 2014	At December 31, 2013
Land	$7,067	$7,067
Buildings	19,952	19,445
Leasehold improvements	12,045	11,665
Furniture, fixtures and equipment	14,080	13,366
Premises and fixed assets, gross	$53,144	$51,543
Less:  accumulated depreciation and amortization	(28,079)	(25,466)
Premises and fixed assets, net	$25,065	$26,077
Premises held for sale(1)	-	3,624

(1) At December 31, 2013, the Company had a pending contract of sale on a real estate premises with a net book value of $3,624.  This sale was completed during the year ended December 31, 2014, and the net proceeds from the sale exceeded the current book value.

Depreciation and amortization expense amounted to approximately $2,630, $2,780 and $2,828 during the years ended December 31, 2014, 2013 and 2012, respectively.  Proceeds from the sales of premises and fixed assets were $4,273 during the year ended December 31, 2014.  A gain of $649 was recognized on these sales.  There were no sales of premises and fixed assets during the year ended December 31, 2013.  Proceeds from the sales of premises and fixed assets were $17,477 during the year ended December 31, 2012.  A gain of $13,726 was recognized on these sales.