FAIR VALUES AND MEASUREMENTS OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping [Table Text Block]

The following table presents information about the Corporation’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2014 and December 31, 2013, and the valuation techniques used by the Corporation to determine those fair values.

Assets and liabilities measured at fair value on a recurring basis for the periods indicated:

	Quoted Prices in		Significant		Significant
(Dollar amounts in thousands)	Active Markets		Observable		Unobservable
	For Identical		Inputs		Inputs
June 30, 2014	Assets (Level 1)		(Level 2)		(Level 3)		Balance
Assets
U.S. Government Agency securities	$	0	$	1,963	$	0	$	1,963
State and political subdivisions		0		8,185		0		8,185
Mortgage-backed securities		0		2,866		0		2,866
Total Assets	$	0	$	13,014	$	0	$	13,014
Liabilities	$	0	$	0	$	0	$	0

	Quoted Prices in		Significant		Significant
(Dollar amounts in thousands)	Active Markets		Observable		Unobservable
	For Identical		Inputs		Inputs
December 31, 2013	Assets (Level 1)		(Level 2)		(Level 3)		Balance
Assets
U.S. Government Agency securities	$	0	$	1,940	$	0	$	1,940
State and political subdivisions		0		8,819		0		8,819
Mortgage-backed securities		0		3,182		0		3,182
Total Assets	$	0	$	13,941	$	0	$	13,941
Liabilities	$	0	$	0	$	0	$	0

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Table Text Block]

The following table presents financial assets and liabilities measured on a nonrecurring basis:

	Fair Value Measurements at Reporting Date Using
	Balance at
(In thousands)	June 30,		Level 1		Level 2		Level 3
2014
Impaired loans	$	9,215	$	0	$	0	$	9,215
Real estate acquired through foreclosure		1,113		0		0		1,113

(In thousands)	Balance at December 31,		Level 1		Level 2		Level 3
2013
Impaired loans	$	10,924	$	0	$	0	$	10,924
Real estate acquired through foreclosure		20		0		0		20

Schedule Of Carrying Amount and Fair Values Of Financial Instruments [Table Text Block]

The tables below present the estimated fair values of the Corporation’s financial instruments for the periods indicated.

					Quoted Prices		Significant
					In Active		Other		Significant
(Dollar amounts in thousands)					Markets for		Observable		Unobservable
	Carrying		Estimated		Identical Assets		Inputs		Inputs
June 30, 2014	Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets:
Cash equivalents and federal funds sold	$	20,527	$	20,527	$	20,527	$	0	$	0
Securities available for sale		13,014		13,014		0		13,014		0
Other investment securities		2,210		2,210		0		0		2,210
Loans, net of allowance for loan loss		271,726		282,586		0		0		282,586
Accrued interest receivable		1,213		1,213		0		0		1,213
Financial Liabilities:
Noninterest-bearing deposits	$	(42,582)	$	(42,582)	$	(42,582)	$	0	$	0
Interest-bearing deposits		(153,130)		(153,130)		0		(153,130)		0
Time deposits		(88,438)		(88,096)		0		(88,096)		0
FHLB advances		(8,751)		(8,543)		0		(8,543)		0
Accrued interest payable		(61)		(61)		0		0		(61)

					Quoted Prices		Significant
					In Active		Other		Significant
(Dollar amounts in thousands)					Markets for		Observable		Unobservable
	Carrying		Estimated		Identical Assets		Inputs		Inputs
December 31, 2013	Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets:
Cash equivalents and federal funds sold	$	18,119	$	18,119	$	18,119	$	0	$	0
Securities available for sale		13,941		13,941		0		13,941		0
Other investment securities		2,259		2,259		0		0		2,259
Loans, net of allowance for loan loss		265,625		268,060		0		0		268,060
Accrued interest receivable		1,198		1,198		0		0		1,198
Financial Liabilities:
Noninterest-bearing deposits	$	(48,935)	$	(48,935)	$	(48,935)	$	0	$	0
Interest-bearing deposits		(144,733)		(144,733)		0		(144,733)		0
Time deposits		(87,640)		(85,771)		0		(85,771)		0
Federal funds purchased		(1,757)		(1,757)		0		(1,757)		0
FHLB advances		(1,808)		(1,477)		0		(1,477)		0
Accrued interest payable		(56)		(56)		0		0		(56)