SHORT-TERM BORROWINGS AND FEDERAL HOME LOAN BANK ADVANCES (Tables)

9 Months Ended

Sep. 30, 2014

SHORT-TERM BORROWINGS AND FEDERAL HOME LOAN BANK ADVANCES [Abstract]

Advances from Federal Home Loan Bank (FHLB)

As of September 30, 2014and December 31, 2013, advances from the FHLB were as follows:

(Dollars in thousands)	September 30, 2014		December 31, 2013
Overnight advances maturing daily at a daily variable interest rate of 0.36% on September 30, 2014	$	-	$	-
Advances maturing July 15, 2014 at a fixed rate of 2.42%		-		2,500
Advance maturing January 9, 2015 at a fixed rate of 0.88%		4,000		4,000
Advances maturing March 2, 2015 at a fixed rate of 0.76%		2,000		2,000
Advances maturing July 15, 2016 at a fixed rate of 2.81%		2,500		2,500
Advances maturing January 9, 2017 at a fixed rate of 1.40%		4,000		4,000
Advances maturing May 30, 2017 at a fixed  rate of 1.23%		5,000		5,000
Total advances from the FHLB	$	17,500	$	20,000