OTHER BORROWED FUNDS (Tables)

12 Months Ended

Dec. 31, 2014

OTHER BORROWED FUNDS [Abstract]

Schedule of Federal Home Loan Bank Advances and Repurchase Agreements by maturity

Maturities of other borrowings at December 31, 2014, and 2013, are summarized as follows:

	December 31,
	2014				2013
			Weighted-				Weighted-
			Average				Average
	Amount		Rate		Amount		Rate
	$		%		$		%
FHLB fixed rate loans
2014		—		—		6,500		2.32
2015		3,000		2.21		3,000		2.21
2016		15,500		1.93		13,000		2.16
2017		15,000		1.26		15,000		1.26
2018		11,650		1.22		5,000		0.94
2019		4,650		1.80		—		—
FHLB convertible loans
2014		—		—		5,000		4.44
2015		2,500		4.17		2,500		4.17
Repurchase agreements
2014		—		—		5,000		4.78
2015		10,000		4.37		10,000		4.37
Total other borrowings		62,300		2.12		65,000		2.67

Schedule of Repurchase Agreements

REPURCHASE AGREEMENTS

(DOLLARS IN THOUSANDS)      

	2014			2013			2012
	$			$			$
Repurchase agreements outstanding at year end		10,000			15,000			15,000
Average interest rate at year end		4.37	%		4.50	%		4.50	%
Maximum outstanding at any month end		15,000			15,000			20,000
Average amount outstanding for the year		12,904			15,000			16,872
Weighted-average interest rate for the year		4.52	%		4.50	%		4.61	%