BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table provides the carrying value of acquired assets and assumed liabilities, as recorded by the Company, the fair value adjustments calculated at the time of the merger and the resulting fair value recorded by the Company.

	July 25, 2014
	As recorded by		Fair Value		As recorded by
	Legacy Select		adjustments		the Company
(Dollars in thousands)
Assets
Cash and cash equivalents	$	15,406	$	-	$	15,406
Investment securities		28,264		(284)		27,980
Loans		223,131		(5,541)		217,590
Less: allowance for loan losses		(3,389)		3,389		-
Premises and equipment		6,380		332		6,712
Accrued interest receivable		864		(132)		732
Other real estate owned		71		-		71
Bank owned life insurance		2,234		-		2,234
Goodwill		1,488		(1,488)		-
Core deposit intangible		234		1,556		1,790
Other assets		2,507		1,915		4,422
Total assets acquired	$	277,190	$	(253)	$	276,937

Liabilities
Deposits:
Noninterest-bearing	$	42,507	$	-	$	42,507
Interest-bearing		177,525		2,175		179,700
Total deposits		220,032		2,175		222,207
Borrowings		22,198		908		23,106
Other liabilities		565		-		565
Total liabilities assumed	$	242,795	$	3,083	$	245,878
Fair value of net assets assumed						31,059
Value of preferred shares issued to Legacy Select shareholders						7,645
Value of common shares issued to Legacy Select shareholders						29,857
Additional consideration ensuing from stock options issued to Legacy Select shareholders						634
Goodwill recorded for Legacy Select					$	7,077

Contractually Required Payments Expected To Be Collected And Fair Values [Table Text Block]

For PCI loans acquired from Legacy Select, the contractually required payments including principal and interest, cash flows expected to be collected and fair values as of the closing date of the merger were:

(Dollars in thousands)	July 25, 2014

Contractually required payments	$	34,329
Nonaccretable difference		1,402
Cash flows expected to be collected		32,927
Accretable yield		4,360
Fair value at acquisition date	$	28,567

Business Acquisition, Pro Forma Information [Table Text Block]

The following tables reflect the pro forma total net interest income, noninterest income and net income for the twelve months ended December 31, 2014 and 2013 as though the acquisition of Legacy Select had taken place on January 1, 2013. The pro forma results have not been adjusted to remove non-recurring acquisition-related expenses, and are not necessarily indicative of the results of operations that would have occurred had the acquisition actually taken place on January 1, 2013, nor of future results of operations.

	Twelve Months Ended December 31
	2014		2013
	(Dollars in thousands, except per share)
Net interest income	$	27,845	$	29,855
Non-interest income		3,623		3,809
Net income available to common shareholders		3,039		7,015

Earnings per share, basic	$	0.27	$	0.62
Earnings per share, diluted	$	0.26	$	0.62

Weighted average common shares outstanding, basic		11,375,803		11,274,332
Weighted average common shares outstanding, diluted		11,475,865		11,405,950