BORROWED FUNDS (Tables)

9 Months Ended

Sep. 30, 2015

BORROWED FUNDS [Abstract]

Schedule of Short-term Debt

Short-term borrowings at September 30, 2015 and December 31, 2014 were as follows:

(dollars in thousands)	September 30, 2015		December 31, 2014
FHLB short-term borrowings
Advance maturing January 9, 2015 at a fixed rate of 0.88%	$	-	$	4,000
Advances maturing March 2, 2015 at a fixed rate of 0.76%		-		2,000
Advances maturing July 15, 2016 at a fixed rate of 2.81%		2,500		2,500
Total short-term borrowing	$	2,500	$	8,500

Schedule of Long-term Debt

Long-term debt at September 30, 2015 and December 31, 2014 was as follows:

(dollars in thousands)	September 30, 2015		December 31, 2014
FHLB long-term debt
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 long-term debt	$	9,000	$	9,000