FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 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 September 30, 2012 and December 31, 2011 are approximately as follows:

			September 30, 2012
(in thousands)	Level		Carrying amount		Fair value
Financial assets:
Cash and cash equivalents		1	$	129,212	$	129,212
Other equity securities		2		3,607		3,607
Loans:
Net loans		3		444,803		442,519
Loans held-for-sale		2		5,929		6,228
Interest receivable		3		2,823		2,823
Financial liabilities:
Deposits		3		705,857		695,249
Interest payable		3		103		103

	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