INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2014

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and approximate fair values of securities

	March 31, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(Unaudited; In Thousands)
Available-for-sale securities
Federal agencies	$	33,976	$	189	$	(827	)	$	33,338
State and municipal		34,716		868		(570	)		35,014
Government-sponsored enterprise (GSE) residential mortgage-backed and other asset-backed agency securities		46,477		164		(1,012	)		45,629
Corporate		3,658		3		(309	)		3,352
Total investment securities	$	118,827	$	1,224	$	(2,718	)	$	117,333
	December 31, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In Thousands)
Available-for-sale securities
Federal agencies	$	38,075	$	224	$	(1,086	)	$	37,213
State and municipal		37,709		748		(1,335	)		37,122
Government-sponsored enterprise (GSE) residential mortgage-backed and other asset-backed agency securities		42,782		176		(1,157	)		41,801
Corporate		4,164		-		(413	)		3,751
Total investment securities	$	122,730	$	1,148	$	(3,991	)	$	119,887

Schedule of amortized cost and fair value of available-for-sale securities by contractual maturity

	Available-for-Sale
	Amortized Cost		Fair Value
	(Unaudited; In Thousands)
Within one year	$	4,016	$	4,051
One to five years		12,617		12,740
Five to ten years		30,489		29,928
After ten years		25,228		24,985
		72,350		71,704
Government-sponsored enterprise (GSE) residential mortgage-backed and other asset-backed agency securities		46,477		45,629
Totals	$	118,827	$	117,333

Schedule of gross unrealized losses on investment and fair value

	March 31, 2014
	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	$	20,892	$	(721	)	$	1,894	$	(106	)	$	22,786	$	(827	)
State and municipal		8,526		(348	)		3,153		(222	)		11,679		(570	)
Government-sponsored enterprise (GSE) residential mortgage-backed and other asset-backed agency securities		30,129		(895	)		2,663		(117	)		32,792		(1,012	)
Corporate		1,499		(3	)		1,101		(306	)		2,600		(309	)
Total temporarily impaired securities	$	61,046	$	(1,967	)	$	8,811	$	(751	)	$	69,857	$	(2,718	)
	December 31, 2013
	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	$	21,518	$	(962	)	$	1,876	$	(124	)	$	23,394	$	(1,086	)
State and municipal		18,556		(1,271	)		540		(64	)		19,096		(1,335	)
Government-sponsored enterprise (GSE) residential mortgage-backed and other asset-backed agency securities		30,717		(1,131	)		444		(26	)		31,161		(1,157	)
Corporate		2,732		(26	)		520		(387	)		3,252		(413	)
Total temporarily impaired securities	$	73,523	$	(3,390	)	$	3,380	$	(601	)	$	76,903	$	(3,991	)