PARENT COMPANY FINANCIAL DATA (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet [Table Text Block]

Condensed Balance Sheets

December 31, 2014 and 2013

(dollars in thousands)

	2014		2013
Assets
Cash balances with Select Bank & Trust	$	2,990	$	1,268
Investment in Select Bank & Trust		106,162		66,459
Investment in New Century Statutory Trust I		531		522
Other assets		556		284
Total Assets	$	110,239	$	68,533
Liabilities and Shareholders’ Equity
Junior subordinated debentures	$	12,372	$	12,372
Accrued interest and other liabilities		182		157
Total Liabilities		12,554		12,529
Shareholders’ equity:
Preferred stock		7,645		-
Common stock		11,378		6,922
Additional paid-in capital		68,406		42,062
Retained earnings		9,447		7,128
Common stock issued to deferred compensation trust		(2,121)		(1,976)
Directors’ Deferred Compensation Plan Rabbi Trust		2,121		1,976
Accumulated other comprehensive income (loss)		809		(108)
Total Shareholders’ Equity		97,685		56,004
Total Liabilities and Shareholders’ Equity	$	110,239	$	68,533

Condensed Income Statement [Table Text Block]

Condensed Statements of Operations

Years Ended December 31, 2014, 2013 and 2012

(dollars in thousands)

	2014		2013		2012
Equity in earnings of subsidiaries	$	2,715	$	3,211	$	4,929
Operating expense		(526)		(404)		(437)
Income tax benefit		168		134		145
Net income	$	2,357	$	2,941	$	4,637

Condensed Cash Flow Statement [Table Text Block]

Condensed Statements of Cash Flows

Years Ended December 31, 2014, 2013 and 2012

(dollars in thousands)

	2014		2013		2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	2,357	$	2,941	$	4,637
Equity in undistributed income of subsidiaries		(2,715)		(3,211)		(4,929)
Stock based compensation		91		-		-
Net change in other assets		(272)		(174)		667
Net change in other liabilities		25		10		(156)
Net cash provided (used) by operating activities		(514)		(434)		219
CASH FLOW FROM INVESTING ACTIVITIES
Cash received from acquisition		2,056		-		-
Net cash provided by (used in) investing activities		2,056		-		-
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from stock option issuance		218		44		165
Dividends		(38)		221		-
Net cash provided by financing activities		180		265		165
Net increase (decrease) in cash and cash equivalents		1,722		(169)		384
Cash and cash equivalents at beginning of year		1,268		1,437		1,053
Cash and cash equivalents, end of year	$	2,990	$	1,268	$	1,437