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INCOME TAXES	9 Months Ended
INCOME TAXES	Sep. 30, 2014
INCOME TAXES
INCOME TAXES	NOTE 10 — INCOME TAXES In accordance with ASC 740-270-50-1, Accounting for Interim Reporting, the provision for income taxes was recorded at September 30, 2014 and 2013 based on the current estimate of the effective annual rate. The effective tax rate for the third quarter of 2014 was 22.9% versus 20.9% for the same period 2013. For the first nine months of 2014 and 2013, the effective tax rate was 20.7% and 16.5% respectively. The increase in the rate in 2014 was due to the increase in pre-tax income in 2014 with tax exempt income remaining constant. The difference between the Company’s actual rate and the 35% statutory rate is due primarily to the amount of tax exempt interest received and to a smaller extent to tax credits that the Company is able to use.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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