BUSINESS COMBINATIONS (Tables)

9 Months Ended

Sep. 30, 2015

Schedule Of Business Combinations Purchase Price Allocation [Table Text Block]

	July 17, 2015
Grand preferred B shares exchanged for cash	$	1,481,000

Number of Grand common shares outstanding		3,501,185
Per share exchange ratio		0.3114
Number of shares of common stock issued		1,090,269
Multiplied by common stock price per share on July 17, 2015	$	15.75
Value of common stock issued		17,171,737

Total purchase price	$	18,652,737

Business Combination Recognized Identifiable Assets Acquired Good will And Liabilities Assumed Less Non controlling Interest [Table Text Block]

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition. The fair values listed are preliminary and are subject to adjustment. While they are not expected to be materially different than those shown, any adjustments to the estimates will be reflected retroactively as of the date of acquisition.

Date of acquisition	July 17, 2015
	(in thousands)
Assets:
Cash and cash equivalents	$	34,408
Securities available for sale		46,366
Loans		109,988
Bank premises		4,191
Other real estate owned		2,424
Core deposit intangible		2,564
Goodwill		555
Other assets		14,163
Total assets acquired	$	214,659

Liabilities:
Deposits	$	188,469
Repurchase agreements		1,658
Subordinated debt		5,151
Other liabilities		728
Total liabilities assumed	$	196,006

Schedule of acquired loans [Table Text Block]

The table below presents information with respect to the fair value of acquired loans, as well as their unpaid principal balance (“Book Balance”) at acquisition date.

	July 17, 2015
(Dollars in thousands)	Book Balance		Fair Value
Loans:
Single family residential real estate	$	6,158	$	6,379
Commercial real estate		82,782		79,887
Construction/development/land		979		913
Commercial loans		2,393		1,516
Consumer and other loans		14,575		13,692
Purchased credit-impaired		10,993		7,601
Total loans	$	117,880	$	109,988

Shedule of Contractually required principal and interest payments [Table Text Block]

Contractually required principal and interest payments have been adjusted for estimated prepayments.

(Dollars in thousands)	July 17, 2015

Contractually required principal and interest	$	12,552
Non-accretable difference		4,249
Cash flows expected to be collected		8,303
Accretable yield		702
Total purchased credit-impaired loan acquired	$	7,601

Business Acquisition, Pro Forma Information [Table Text Block]

Pro-forma data for the nine months ending September 30, 2015 and 2014 listed in the table below presents pro-forma information as if the acquisition occurred at the beginning of 2014.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands, except per share amounts)	2015		2014		2015		2014

Net interest income	$	29,333	$	19,358	$	83,927	$	55,734
Net income available to common shareholders		4,870		3,690		18,803		9,281
EPS - basic	$	0.14	$	0.14	$	0.55	$	0.35
EPS - diluted	$	0.14	$	0.14	$	0.55	$	0.34