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DISCONTINUED OPERATIONS (Tables)
12 Months Ended
Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Assets and Liabilities and Operations of Discontinued Operations
Assets and liabilities of discontinued operations at the dates indicated were as follows:

(Dollars in thousands)
 
2016
 
2015
ASSETS
 
 
 
 
Cash and cash equivalents:
 


 


     Cash and due from banks
 
$

 
$
2,245

     Total cash and cash equivalents
 

 
2,245

Premises and equipment
 

 
618

Accrued interest receivable and other assets
 

 
2,154

TOTAL ASSETS
 
$

 
$
5,017


 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
Accrued interest payable and other liabilities
 

 
2,834

     Total liabilities
 

 
2,834


 
 
 
 
STOCKHOLDERS’ EQUITY
 
 
 
 
Retained earnings
 

 
2,183

     Total stockholders’ equity
 

 
2,183

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
 
$

 
$
5,017


Net income (losses) from discontinued operations, net of tax, for the years ended December 31, 2016, 2015, and 2014, were as follows:
(Dollars in thousands)
 
2016
 
2015
 
2014
NONINTEREST INCOME
 
 
 
 
 
 
     Insurance and investment services income
 
$
1,887

 
$
4,733

 
$
3,523

     Gain on sale of subsidiary
 
6,926

 

 

     Other operating income
 
2

 
6

 

     Total noninterest income
 
8,815

 
4,739

 
3,523

 
 
 
 
 
 
 
NONINTEREST EXPENSES
 


 


 


     Salary and employee benefits
 
1,937

 
3,603

 
3,417

     Occupancy expense
 
124

 
281

 
245

     Equipment depreciation and maintenance
 
29

 
57

 
56

     Data processing and communications
 
79

 
105

 
97

     Marketing, contributions and sponsorships
 
7

 
25

 
26

     Professional fees
 
2

 
23

 
308

     Printing, postage and supplies
 
12

 
19

 
41

     Insurance, tax and assessment expense
 
58

 
136

 
96

     Travel, entertainment, dues and subscriptions
 
67

 
119

 
132

     Other operating expenses
 
154

 
18

 
25

     Total noninterest expense
 
2,469

 
4,386

 
4,443

Income (loss) from discontinued operations, before income taxes
 
6,346

 
353

 
(920
)
Income tax expense (benefit) - discontinued operations
 
2,411

 
140

 
(344
)
Net Income (loss) from discontinued operations
 
$
3,935

 
$
213

 
$
(576
)