FAIR VALUES AND MEASUREMENTS OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value, by Balance Sheet Grouping [Table Text Block]

The following table presents the fair value measurements of assets and liabilities recognized in the accompanying balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2015 and 2014:

	Fair Value Measurements Using
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable
	Assets		Inputs		Inputs
(In thousands)	(Level 1)		(Level 2)		(Level 3)		Balance
December 31, 2015
Assets
U.S. government agency securities	$	0	$	2,518	$	0	$	2,518
State and political subdivisions, AFS		0		4,232		0		4,232
State and political subdivisions, HTM		0		0		666		666
Mortgage-backed securities		0		1,961		0		1,961
Total Assets	$	0	$	8,711	$	666	$	9,377

Liabilities	$	0	$	0	$	0	$	0

December 31, 2014
Assets
U.S. government agency securities	$	0	$	1,965	$	0	$	1,965
State and political subdivisions		0		6,596		0		6,596
Mortgage-backed securities		0		2,466		0		2,466
Total Assets	$	0	$	11,027	$	0	$	11,027

Liabilities	$	0	$	0	$	0	$	0

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Table Text Block]

The following table presents the fair value measurements of assets recognized in the accompanying balance sheets measured at fair value on a non-recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2015 and 2014:

			Fair Value Measurements Using
			Quoted Prices
			In Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
(In thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2015
Impaired loans	$	4,796	$	0	$	0	$	4,796
Real estate acquired through foreclosure		193		0		0		193

December 31, 2014
Impaired loans	$	5,526	$	0	$	0	$	5,526
Real estate acquired through foreclosure		2,255		0		0		2,255

Schedule Of Carrying Amount and Fair Values Of Financial Instruments [Table Text Block]

The following tables present the fair value measurements of financial instruments and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2015 and 2014:

					Fair Value Measurements Using
					Quoted Prices
					in Active		Significant
					Markets for		Other		Significant
(In thousands)					Identical		Observable		Unobservable
	Carrying		Estimated		Assets		Inputs		Inputs
December 31, 2015	Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets:
Cash equivalents and federal funds sold	$	18,895	$	18,895	$	18,895	$	0	$	0
Securities available for sale		8,711		8,711		0		8,711		0
Securities held to maturity		666		666		0		0		666
Other investment securities		2,209		2,209		0		0		2,209
Loans, net of allowance for loan loss		293,072		306,704		0		0		306,704
Accrued interest receivable		1,302		1,302		0		0		1,302

Financial Liabilities:
Noninterest-bearing deposits	$	(55,574)	$	(55,574)	$	(55,574)	$	0	$	0
Interest-bearing deposits		(147,994)		(147,994)		0		(147,994)		0
Time deposits		(93,058)		(92,370)		0		(92,370)		0
FHLB advances		(6,574)		(5,893)		0		(5,893)		0
Accrued interest payable		(45)		(45)		0		0		(45)

					Fair Value Measurements Using
					Quoted Prices		Significant
					In Active		Other		Significant
(In thousands)					Markets for		Observable		Unobservable
	Carrying		Estimated		Identical Assets		Inputs		Inputs
December 31, 2014	Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets:
Cash equivalents and federal funds sold	$	27,151	$	27,151	$	27,151	$	0	$	0
Securities available for sale		11,027		11,027		0		11,027		0
Other investment securities		2,209		2,209		0		0		2,209
Loans, net of allowance for loan loss		275,025		291,274		0		0		291,274
Accrued interest receivable		1,334		1,334		0		0		1,334

Financial Liabilities:
Noninterest-bearing deposits	$	(50,350)	$	(50,350)	$	(50,350)	$	0	$	0
Interest-bearing deposits		(142,022)		(142,022)		0		(142,022)		0
Time deposits		(106,399)		(106,283)		0		(106,283)		0
FHLB advances		(1,692)		(1,374)		0		(1,374)		0
Accrued interest payable		(51)		(51)		0		0		(51)

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

In 2015, the Corporation purchased a municipal bond which was determined to be a Level 3 asset. Changes in Level 3 assets measured at fair value on a recurring basis for the year ended December 31, 2015 are as follows:

December 31, 2015	Municipal Bonds
	(In thousands)
Beginning balance – January 1, 2014	$	0
Purchases		740,000
Principal payments		74,000
Ending balance – December 31, 2015	$	666,000