INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 2012

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and approximate fair values of securities

	June 30, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(Unaudited; In Thousands)
Available-for-sale Securities
Federal agencies	$	40,092	$	856	$	-		$	40,948
State and municipal		26,385		1,821		(10	)		28,196
Government-sponsored enterprise (GSE) residential mortgage-backed and other asset-backed agency securities		36,081		1,110		(13	)		37,178
Corporate		4,128		20		(640	)		3,508
Total investment securities	$	106,686	$	3,807	$	(663	)	$	109,830

	December 31, 2011
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In Thousands)
Available-for-sale Securities
Federal agencies	$	37,107	$	844	$	(34	)	$	37,917
State and municipal		27,076		1,663		(24	)		28,715
Government-sponsored enterprise (GSE) residential mortgage-backed and other asset-backed agency securities		33,565		1,138		(6	)		34,697
Corporate		4,115		-		(755	)		3,360
Total investment securities	$	101,863	$	3,645	$	(819	)	$	104,689

Schedule of amortized cost and fair values of securities by contractual maturity

	Available-for-Sale
	Amortized Cost		Fair Value
	(Unaudited; In Thousands)
Within one year	$	6,356	$	6,432
One to five years		24,709		25,311
Five to ten years		23,281		24,135
After ten years		16,259		16,774
		70,605		72,652
Government-sponsored enterprise (GSE) residential mortgage-backed and other asset-backed agency securities		36,081		37,178
Totals	$	106,686	$	109,830

Schedule of Unrealized Loss on Investments

	June 30, 2012
	Less than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	(Unaudited; In Thousands)
Federal agencies	$	-	$	-		$	-	$	-		$	-	$	-
State and municipal		1,364		(10	)		-		-			1,364		(10	)
Government-sponsored enterprise (GSE) residential mortgage-backed and other asset-backed agency securities		2,558		(13	)		-		-			2,558		(13	)
Corporate		892		(28	)		1,146		(612	)		2,038		(640	)
Total temporarily impaired securities	$	4,814	$	(51	)	$	1,146	$	(612	)	$	5,960	$	(663	)

	December 31, 2011
	Less than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	(In Thousands)
Federal agencies	$	4,991	$	(34	)	$	-	$	-		$	4,991	$	(34	)
State and municipal		733		(20	)		773		(4	)		1,506		(24	)
Government-sponsored enterprise (GSE) residential mortgage-backed and other asset-backed agency securities		1,012		(6	)		-		-			1,012		(6	)
Corporate		2,270		(84	)		1,090		(671	)		3,360		(755	)
Total temporarily impaired securities	$	9,006	$	(144	)	$	1,863	$	(675	)	$	10,869	$	(819	)