PARENT COMPANY FINANCIAL DATA (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet [Table Text Block]

Condensed Balance Sheets

December 31, 2013 and 2012

(dollars in thousands)

	2013		2012
Assets
Cash balances with New Century Bank	$	1,268	$	1,437
Investment in New Century Bank		66,459		64,639
Investment in New Century Statutory Trust I		522		513
Other assets		284		109
Total Assets	$	68,533	$	66,698
Liabilities and Shareholders’ Equity
Junior subordinated debentures	$	12,372	$	12,372
Accrued interest and other liabilities		157		147
Shareholders’ equity:
Common stock		6,922		6,914
Additional paid-in capital		42,062		42,000
Retained earnings		7,128		4,187
Accumulated other comprehensive income (loss)		(108)		1,078
Total Shareholders’ Equity		56,004		54,179
Total Liabilities and Shareholders’ Equity	$	68,533	$	66,698

Condensed Income Statement [Table Text Block]

Condensed Statements of Operations

Years Ended December 31, 2013, 2012 and 2011

(dollars in thousands)

	2013		2012		2011
Dividends	$	221	$	-	$	-
Equity in earnings (losses) of subsidiaries		3,211		4,929		115
Operating expense		(404)		(437)		(417)
Income tax benefit		134		145		139
Net income (loss)	$	2,941	$	4,637	$	(163)

Condensed Cash Flow Statement [Table Text Block]

Condensed Statements of Cash Flows

Years Ended December 31, 2013, 2012 and 2011

(dollars in thousands)

	2013		2012		2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$	2,941	$	4,637	$	(163)
Equity in undistributed income of subsidiaries		(3,211)		(4,929)		(115)
Net change in other assets		(174)		667		647
Net change in other liabilities		10		(156)		177
Net cash provided (used) by operating activities		(434)		219		546
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from stock option issuance		44		165		-
Dividends		221		-		-
Net cash provided by financing activities		265		165		-
Net increase (decrease) in cash and cash equivalents		(169)		384		546
Cash and cash equivalents at beginning of year		1,437		1,053		507
Cash and cash equivalents, end of year	$	1,268	$	1,437	$	1,053