BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Federal Home Loan Bank Borrowings

Advances payable to the Federal Home Loan Bank as of December 31 are summarized as follows:

	2016				2015
			Weighted				Weighted
			Average				Average
	Total		Contractual		Total		Contractual
	Outstanding		Rate		Outstanding		Rate
	(Dollars in thousands)
Stated Maturity
2016	$	—	—	%	$	52,025	1.23	%
2017	50,000		2.43	%	40,154		3.10	%
2018	—		—	%	7,043		1.74	%
2019	—		—	%	2,011		1.99	%
Subtotal	50,000		2.43	%	101,233		2.00	%
Amortizing advances	819				847
Total Federal Home Loan Bank Advances	$	50,819			$	102,080

Schedule of Underlying Assets of Repurchase Agreements when Amount of Repurchase Agreements Exceeds 10 Percent of Assets [Table Text Block]

The table below sets forth information regarding the Company’s repurchase agreements allocated by source of collateral at the dates indicated:

	December 31, 2016
	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 Days		30-90 Days		Greater than 90 Days		Total
	(Dollars in thousands)
Sources of Collateral
U.S. government agency securities	$	20,233	$	—	$	—	$	—	$	20,233
Agency mortgage-backed securities	79,079		—		—		—		79,079
Agency collateralized mortgage obligations	77,601		—		—		—		77,601
Total borrowings	$	176,913	$	—	$	—	$	—	$	176,913
	December 31, 2015
	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 Days		30-90 Days		Greater than 90 Days		Total
	(Dollars in thousands)
Sources of Collateral
U.S. government agency securities	$	10,157	$	—	$	—	$	—	$	10,157
Agency mortgage-backed securities	69,142		—		—		—		69,142
Agency collateralized mortgage obligations	54,659		—		—		—		54,659
Total borrowings	$	133,958	$	—	$	—	$	—	$	133,958

Schedule of Long-term Borrowings

The following table summarizes long-term debt, net of debt issuances costs, as of the periods indicated:

	December 31
	2016		2015
	(Dollars in thousands)
Junior subordinated debentures
Capital Trust V	$	51,500	$	51,497
Slades Ferry Trust I	10,224		10,219
Central Trust I	5,302		5,516
Central Trust II	6,081		6,074
Subordinated debentures	34,635		34,589
Total long-term debt	$	107,742	$	107,895

Information relating to Trust Preferred Securities [Table Text Block]

Information relating to these trust preferred securities are as follows:

Trust	Description of Capital Securities
Capital Trust V	$50.0 million due in 2037, interest at a variable rate of 3 month LIBOR plus 1.48% (2.44% at December 31, 2016), which had previously been converted to a fixed rate of 6.52%, through the use of an interest rate swap which expired on December 28, 2016. Beginning on January 17, 2017, the borrowings will be subject to a forward starting interest rate swap, converting the interest to a fixed rate of 2.84% through December 15, 2021. These securities are callable quarterly, until maturity.
Slades Ferry Trust I	$10.0 million due in 2034, bearing interest at a variable rate of 3 month LIBOR plus 2.79% (3.78% at December 31, 2016). These securities are callable quarterly, until maturity.
Central Trust I	$5.1 million due in 2034, bearing interest at a variable rate of 3 month LIBOR plus 2.44% (3.40% at December 31, 2016). These securities are callable quarterly, until maturity.
Central Trust II	$5.9 million due in 2037, bearing a fixed interest rate of 7.015% until March 15, 2017. Subsequent to this date, the interest will be variable (3 month LIBOR plus 1.65%) and the securities will become callable quarterly, until maturity.

Schedule of Maturities of Borrowings

The following table sets forth the contractual maturities of long-term debt over the next five years:

	2017		2018		2019		2020		2021		Thereafter		Total
	(Dollars in thousands)
Junior subordinated debentures
Capital trust V	$	—	$	—	$	—	$	—	$	—	$	51,547	$	51,547
Slades ferry trust I	$	—	$	—	$	—	$	—	$	—	$	10,310	$	10,310
Central trust I	$	—	$	—	$	—	$	—	$	—	$	5,258	$	5,258
Central trust II	$	—	$	—	$	—	$	—	$	—	$	6,083	$	6,083
Subordinated debentures	$	—	$	—	$	—	$	—	$	—	$	35,000	$	35,000