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SECURITIES (Tables)
 9 Months Ended
Sep. 30, 2014
SECURITIES [Abstract]  
Amortized cost and fair value of securities
The amortized cost and fair value of securities at period-end were as follows (dollars in thousands):

    
Gross
  
Gross
   
  
Amortized
  
Unrealized
  
Unrealized
  
Fair
 
  
Cost
  
Gains
  
Losses
  
Value
 
September 30, 2014
        
Available for Sale:
        
U.S. Treasury and federal agency securities
 
$
67,769
  
$
62
  
$
(715
)
 
$
67,116
 
U.S. Agency MBS and CMOs
  
17,517
   
36
   
(289
)
  
17,264
 
Tax-exempt state and municipal bonds
  
36,286
   
333
   
(221
)
  
36,398
 
Taxable state and municipal bonds
  
26,131
   
433
   
(85
)
  
26,479
 
Corporate bonds and other debt securities
  
13,307
   
66
   
(19
)
  
13,354
 
Other equity securities
  
1,500
   
---
   
(10
)
  
1,490
 
  
$
162,510
  
$
930
  
$
(1,339
)
 
$
162,101
 
Held to Maturity
                
Tax-exempt state and municipal bonds
 
$
31,744
  
$
102
  
$
(75
)
 
$
31,771
 
                 
December 31, 2013
                
Available for Sale:
                
U.S. Treasury and federal agency securities
 
$
55,701
  
$
92
  
$
(1,354
)
 
$
54,439
 
U. S. Agency MBS and CMOs
  
20,029
   
9
   
(673
)
  
19,365
 
Tax-exempt state and municipal bonds
  
27,920
   
47
   
(1,118
)
  
26,849
 
Taxable state and municipal bonds
  
26,306
   
307
   
(285
)
  
26,328
 
Corporate bonds and other debt securities
  
11,211
   
64
   
(63
)
  
11,212
 
Other equity securities
  
1,500
   
---
   
(34
)
  
1,466
 
  
$
142,667
  
$
519
  
$
(3,527
)
 
$
139,659
 
Held to Maturity:
                
Tax-exempt state and municipal bonds
 
$
19,248
  
$
46
  
$
(16
)
 
$
19,278
 
Contractual maturities of debt securities
Contractual maturities of debt securities at September 30, 2014 were as follows (dollars in thousands):
 
  
Held–to-Maturity Securities
  
Available-for-Sale Securities
 
  
Amortized
  
Fair
  
Amortized
  
Fair
 
  
Cost
  
Value
  
Cost
  
Value
 
Due in one year or less
 
$
19,075
  
$
19,035
  
$
4,424
  
$
4,450
 
Due from one to five years
  
745
   
746
   
92,569
   
92,577
 
Due from five to ten years
  
5,624
   
5,690
   
38,215
   
38,051
 
Due after ten years
  
6,300
   
6,300
   
25,802
   
25,533
 
  
$
31,744
  
$
31,771
  
$
161,010
  
$
160,611
 
Securities in continuous unrealized loss position
Securities with unrealized losses at September 30, 2014 and December 31, 2013, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows (dollars in thousands):

  
Less than 12 Months
  
12 Months or More
  
Total
 
  
Fair
  
Unrealized
  
Fair
  
Unrealized
  
Fair
  
Unrealized
 
September 30, 2014
 
Value
  
Loss
  
Value
  
Loss
  
Value
  
Loss
 
U.S. Treasury and federal agency securities
 
$
17,499
  
$
(48
)
 
$
40,350
  
$
(667
)
 
$
57,849
  
$
(715
)
U.S. Agency MBS and CMOs
  
1,497
   
(6
)
  
12,617
   
(283
)
  
14,114
   
(289
)
Tax-exempt state and municipal bonds
  
23,642
   
(107
)
  
8,726
   
(189
)
  
32,368
   
(296
)
Taxable state and municipal bonds
  
3,053
   
(12
)
  
4,173
   
(73
)
  
7,226
   
(85
)
Corporate bonds and other debt securities
  
2,702
   
(2
)
  
1,988
   
(17
)
  
4,690
   
(19
)
Other equity securities
  
---
   
---
   
1,490
   
(10
)
  
1,490
   
(10
)
Total temporarily impaired
 
$
48,393
  
$
(175
)
 
$
69,344
  
$
(1,239
)
 
$
117,737
  
$
(1,414
)
 
  
Less than 12 Months
  
12 Months or More
  
Total
 
  
Fair
  
Unrealized
  
Fair
  
Unrealized
  
Fair
  
Unrealized
 
December 31, 2013
 
Value
  
Loss
  
Value
  
Loss
  
Value
  
Loss
 
U.S. Treasury and federal agency securities
 
$
43,212
  
$
(1,354
)
 
$
---
  
$
---
  
$
43,212
  
$
(1,354
)
U.S. Agency MBS and CMOs
  
18,494
   
(673
)
  
---
   
---
   
18,494
   
(673
)
Tax-exempt state and municipal bonds
  
21,359
   
(1,066
)
  
831
   
(68
)
  
22,190
   
(1,134
)
Taxable state and municipal bonds
  
9,599
   
(256
)
  
1,015
   
(29
)
  
10,614
   
(285
)
Corporate bonds and other debt securities
  
3,928
   
(63
)
  
---
   
---
   
3,928
   
(63
)
Other equity securities
  
1,466
   
(34
)
  
---
   
---
   
1,466
   
(34
)
Total temporarily impaired
 
$
98,058
  
$
(3,446
)
 
$
1,846
  
$
(97
)
 
$
99,904
  
$
(3,543
)