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BORROWINGS (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2014
Dec. 31, 2013
BORROWINGS    
Schedule of borrowings

     Borrowings consist of the following at June 30, 2014, December 31, 2013 and June 30, 2013 (dollars in thousands):

 
   June 30,
2014		   December 31,
2013		   June 30,
2013		  

Federal Home Loan Bank fixed rate advances at June 30, 2014 with a weighted average rate of 1.82% maturing in 2014, 2016 and 2018

  
$
35,000		  
$
35,000		  
$
35,000		  

Correspondent bank line of credit—holding company

    
500		    
2,000		    
—		  

Bank line of credit—wholly-owned asset based lending subsidiary

    
2,835		    
—		    
—		  

Correspondent bank term note, current floor rate of 4%, maturing March 22, 2017

    
2,900		    
—		    
—		  

USDA Rural Development, fixed-rate note payable, maturing August 24, 2024, interest payable at 1%

    
852		    
852		    
925		  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

  
$
42,087		  
$
37,852		  
$
35,925		  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

 Borrowings consist of the following at December 31 (dollars in thousands):

 
   2013   2012  

Federal Home Loan Bank fixed rate advances at December 31, 2013 with a weighted average rate of 1.82% maturing in 2014, 2016 and 2018

   $ 35,000   $ 35,000  

Line of Credit

     2,000     —  

USDA Rural Development, fixed-rate note payable, maturing August 24, 2024 interest payable at 1%

     852     925  
           
​ ​ ​ ​ ​ ​ ​ ​

 

   $ 37,852   $ 35,925  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Schedule of maturities and principal payments of borrowings outstanding  

    Maturities and principal payments of borrowings outstanding at December 31, 2013 are as follows (dollars in thousands):

2014

   $ 12,074  

2015

     74  

2016

     15,075  

2017

     76  

2018

     10,077  

Thereafter

     476  
       
​ ​ ​ ​ ​

Total

   $ 37,852  
       
​ ​ ​ ​ ​
​ ​ ​ ​ ​