INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2013
Income Tax Disclosure [Abstract]  
Schedule of income tax expense (benefit)
   Year ended December 31
(Dollars in thousands)  2013  2012  2011
Current               
Federal  $—     $—     $—   
State   61    284    142 
    61    284    142 
Deferred               
Federal   1,092    1,336    1,315 
State   —      —      —   
    1,092    1,336    1,315 
Income tax expense (benefit)  $1,153   $1,620   $1,457 
Schedule of reconciliation from expected federal tax expense to effective income tax expense (benefit)
   Year ended December 31
(Dollars in thousands)  2013  2012  2011
Expected federal income tax expense  $1,799   $1,900   $1,625 
State income tax net of federal benefit   124    187    112 
Tax exempt interest   (324)   (182)   (29)
Increase in cash surrender value life insurance   (121)   (130)   (59)
Valuation allowance released   (132)   —      35 
Merger expenses   113    —      —   
Low income housing tax credits   (186)   (186)   (186)
Other   (120)   31    (41)
   $1,153   $1,620   $1,457 
Summary of the tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities
   December 31,
(Dollars in thousands)  2013  2012
Assets:          
Allowance for loan losses   $1,434   $1,609 
Excess tax basis of deductible intangible assets    328    121 
Net operating loss carry forward    333    1,699 
Unrealized loss on available-for-sale securities    1,421    —   
Compensation expense deferred for tax purposes    858    767 
Fair value adjustment on interest rate swap agreement    —      115 
Deferred loss on other-than-temporary-impairment charges    65    257 
Interest on nonaccrual loans   251    99 
Tax credit carry-forwards    1,016    829 
    —      —   
Other    303    401 
Total deferred tax asset    6,009    5,897 
Valuation reserve    —      132 
Total deferred tax asset net of valuation reserve    6,009    5,765 
Liabilities:          
Tax depreciation in excess of book depreciation    103    118 
Excess tax basis of non-deductible intangible assets    —      11 
Excess financial reporting basis of assets acquired    897    956 
Unrealized gain on available-for-sale securities   —      1,266 
Other    —      —   
Total deferred tax liabilities    1,000    2,351 
Net deferred tax asset recognized   $5,009   $3,414