INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 2012

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and approximate fair values of securities

	September 30, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(Unaudited; In Thousands)
Available-for-sale Securities
Federal agencies	$	37,099	$	891	$	-		$	37,990
State and municipal		30,022		2,114		(4	)		32,132
Government-sponsored enterprise (GSE) residential mortgage-backed and other asset-backed agency securities		37,142		1,325		(6	)		38,461
Corporate		4,127		57		(566	)		3,618
Total investment securities	$	108,390	$	4,387	$	(576	)	$	112,201
	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	$	5,358	$	5,415
One to five years		21,945		22,670
Five to ten years		25,736		26,671
After ten years		18,209		18,984
		71,248		73,740
Government-sponsored enterprise (GSE) residential mortgage-backed and other asset-backed agency securities		37,142		38,461
Totals	$	108,390	$	112,201

Schedule of Unrealized Loss on Investments

	September 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)
State and municipal	$	645	$	(4	)	$	-	$	-		$	645	$	(4	)
Government-sponsored enterprise (GSE) residential mortgage-backed and other asset-backed agency securities		1,296		(6	)		-		-			1,296		(6	)
Corporate		-		-			1,182		(566	)		1,182		(566	)
Total temporarily impaired securities	$	1,941	$	(10	)	$	1,182	$	(566	)	$	3,123	$	(576	)
	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	)