FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2012

FAIR VALUES OF FINANCIAL INSTRUMENTS [Abstract]

Estimated fair value of financial instruments

The estimated fair values of the Company's financial instruments for the periods ended June 30, 2012 and December 31, 2011 are approximately as follows:

			June 30, 2012
(in thousands)	Level		Carrying amount		Fair value
Financial assets:
Cash and cash equivalents		1	$	117,802	$	117,802
Other equity securities		2		3,607		3,607
Loans:
Net loans		3		437,941		435,666
Loans held-for-sale		2		3,220		3,364
Interest receivable		2		2,731		2,731
Financial liabilities:
Deposits		3		687,182		676,175
Interest payable		2		107		107

	December 31, 2011
(in thousands)	Carrying amount		Fair value
Financial assets:
Cash and cash equivalents	$	140,172	$	140,172
Other equity securities		3,075		3,075
Loans:
Net loans		432,789		430,071
Loans held-for-sale		2,832		2,917
Interest receivable		2,710		2,710
Financial liabilities:
Deposits		678,958		671,399
FHLB advances and other   borrowings		7,000		7,070
Interest payable		134		134