INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The following table summarizes significant components of income tax expense (benefit) for the periods presented:



	Successor Company			Predecessor Company
	February 1 to December 31, 2012			January 1 to January 31, 2012		Year Ended December 31, 2011
Current tax expense:
Federal	$	69		$	—	$	—
State	—			—		—
	69			—		—
Deferred tax expense (benefit):
Federal	(209		)	208		276
State	(46		)	62		60
	(255		)	270		336
Provision for income tax expense (benefit) before adjustment to deferred tax asset valuation allowance	(186		)	270		336
Deferred tax asset valuation allowance	(3,300		)	—		(148		)
Income tax expense (benefit)	$	(3,486	)	$	270	$	188

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Income tax expense (benefit) is reconciled to the amount computed by applying the statutory federal income tax rate of 34 percent to net income before income taxes as follows:



	Successor Company			Predecessor Company
	February 1 to December 31, 2012			January 1 to January 31, 2012			Year Ended December 31, 2011

Tax computed at statutory rate of 34%	$	91		$	272		$	15
Effect of state income taxes	(30		)	41			(43		)
Non-taxable interest income	(174		)	(15		)	(21		)
Non-taxable bank-owned life insurance	(226		)	(21		)	(31		)
Non-deductible merger costs	488			—			71
Deferred tax asset valuation allowance	(3,300		)	—			(148		)
Other	(335		)	(7		)	345
	$	(3,486	)	$	270		$	188

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

components of deferred taxes as of December 31, 2012 and 2011 were as follows:



	Successor Company		Predecessor Company
	2012		2011
Deferred tax assets:
Net operating loss carryforward	$	16,278	$	15,869
Recognized built-in loss carryforward	13,571		1,037
Purchase accounting fair value adjustments	6,038		19,976
Allowance for loan losses	1,164		282
Stock based compensation	563		241
Organizational expenses	324		357
Deferred compensation	—		296
Other	965		479
Total deferred tax assets	38,903		38,537
Valuation allowance	—		(4,173		)
Net deferred tax assets	38,903		34,364

Deferred tax liabilities:
Unrealized gains on securities	1,227		170
Foreclosed assets	722		—
Premises and equipment	122		108
Prepaid expenses	173		151
Total deferred tax liabilities	2,244		429
Net deferred tax asset	$	36,659	$	33,935