INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2015

Income Tax Disclosure [Abstract]

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

Income tax expense (benefit) for the three months ending March 31, 2015 and 2014 was as follows:

	Three months ending March 31,
	2015			2014
	(Dollars in Thousands)
Income before income tax expense	$	444		$	254
Effective tax rate		10.7	%		18.8	%
Income tax expense		48			48
Increase in valuation allowance – federal		-			-
Increase in valuation allowance – state		-			-
Income tax expense	$	48		$	48