LOANS (Tables)

9 Months Ended

Sep. 30, 2014

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Information relating to loans is summarized as follows:

	September 30,		December 31,
(Dollars in thousands)	2014		2013
Construction and land development	$	57,851	$	67,450
Commercial real estate		570,659		520,382
Residential real estate		623,265		592,746
Commercial and financial		91,300		78,636
Consumer		47,645		44,713
Other loans		362		280
NET LOAN BALANCES	$	1,391,082	$	1,304,207

(1) Net loan balances as of September 30, 2014 and December 31, 2013 are net of deferred costs of $3,418,000 and $2,618,000, respectively.

Past Due Financing Receivables [Table Text Block]

The following table presents the contractual aging of the recorded investment in past due loans by class of loans as of September 30, 2014 and December 31, 2013:

September 30, 2014
					Accruing
	Accruing		Accruing		Greater						Total
	30-59 Days		60-89 Days		Than						Financing
(Dollars in thousands)	Past Due		Past Due		90 Days		Nonaccrual		Current		Receivables
Construction & land development	$	0	$	0	$	0	$	967	$	56,884	$	57,851
Commercial real estate		348		0		0		3,565		566,746		570,659
Residential real estate		316		1,042		22		14,006		607,879		623,265
Commercial and financial		5		0		0		8		91,287		91,300
Consumer		2		26		0		396		47,221		47,645
Other		0		0		0		0		362		362
Total	$	671	$	1,068	$	22	$	18,942	$	1,370,379	$	1,391,082

December 31, 2013
					Accruing
	Accruing		Accruing		Greater						Total
	30-59 Days		60-89 Days		Than						Financing
(Dollars in thousands)	Past Due		Past Due		90 Days		Nonaccrual		Current		Receivables
Construction & land development	$	3	$	0	$	0	$	1,302	$	66,145	$	67,450
Commercial real estate		684		345		0		5,111		514,242		520,382
Residential real estate		974		909		160		20,705		569,998		592,746
Commercial and financial		353		0		0		13		78,270		78,636
Consumer		33		27		0		541		44,112		44,713
Other		0		0		0		0		280		280
Total	$	2,047	$	1,281	$	160	$	27,672	$	1,273,047	$	1,304,207

Financing Receivable Credit Quality Indicators [Table Text Block]

The following tables present the risk category of loans by class of loans based on the most recent analysis performed as of September 30, 2014 and December 31, 2013:

September 30, 2014
	Construction						Commercial
	& Land		Commercial		Residential		and		Consumer
(Dollars in thousands)	Development		Real Estate		Real Estate		Financial		Loans		Total
Pass	$	54,241	$	542,784	$	591,372	$	90,970	$	46,380	$	1,325,747
Special mention		526		2,456		718		140		334		4,174
Substandard		0		11,234		1,505		34		477		13,250
Doubtful		0		0		0		0		0		0
Nonaccrual		967		3,565		14,006		8		396		18,942
Pass-Troubled debt restructures		1,605		4,665		21		0		0		6,291
Troubled debt restructures		512		5,955		15,643		148		420		22,678
	$	57,851	$	570,659	$	623,265	$	91,300	$	48,007	$	1,391,082

December 31, 2013
	Construction						Commercial
	& Land		Commercial		Residential		and		Consumer
(Dollars in thousands)	Development		Real Estate		Real Estate		Financial		Loans		Total
Pass	$	63,186	$	485,268	$	554,681	$	77,840	$	43,267	$	1,224,242
Special mention		583		6,810		824		382		300		8,899
Substandard		0		15,886		1,670		248		453		18,257
Doubtful		0		0		0		0		0		0
Nonaccrual		1,302		5,111		20,705		13		541		27,672
Pass-Troubled debt restructures		1,838		5,584		30		0		0		7,452
Troubled debt restructures		541		1,723		14,836		153		432		17,685
	$	67,450	$	520,382	$	592,746	$	78,636	$	44,993	$	1,304,207