PREMISES AND FIXED ASSETS, NET

12 Months Ended

Dec. 31, 2015

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, 2015			At December 31, 2014
Land	$	1,647		$	7,067
Buildings		17,316			19,952
Leasehold improvements		12,125			12,045
Furniture, fixtures and equipment		14,756			14,080
Premises and fixed assets, gross	$	45,844		$	53,144
Less:  accumulated depreciation and amortization		(30,694	)		(28,079	)
Premises and fixed assets, net	$	15,150		$	25,065
Premises held for sale(1)		8,799			-

(1) At December 31, 2015, the Company had an executed contract of sale on real estate with a net book value of $8,799.  The net proceeds from the sale are expected to exceed the current book value.

Depreciation and amortization expense amounted to approximately $2,604, $2,630 and $2,780 during the years ended December 31, 2015, 2014 and 2013, 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, 2015.