ACCOUNTING FOR CERTAIN LOANS ACQUIRED IN A TRANSFER (Tables)

6 Months Ended

Jun. 30, 2015

Accounting For Certain Loans Acquired In Transfer [Abstract]

	June 30, 2015			December 31, 2014
	(Unaudited)

Construction/Land	$	131		$	682
One-to-four family residential		1,333			1,400
Multi-family residential		-			-
Nonresidential real estate and agricultural land		555			568
Commercial		23			24
Consumer and other		23			29
Outstanding balance of acquired credit-impaired loans		2,065			2,703
Fair value adjustment for credit-impaired loans		(602	)		(830	)
Carrying balance of acquired credit-impaired loans	$	1,463		$	1,873

Schedule of accretable yield or income expected to be collected

	Three Months Ended June 30, 2015			Six Months Ended June 30, 2015
	(Unaudited; In Thousands)

Balance at the beginning of the period	$	1,202		$	1,262
Additions		-			-
Accretion		(217	)		(300	)
Reclassification from non-accretable difference		44			(67	)
Disposals		-			-
Balance June 30, 2015	$	1,029		$	1,029

	Three Months Ended June 30, 2014			Six Months Ended June 30, 2014
	(Unaudited; In Thousands)

Balance at the beginning of the period	$	1,266		$	1,345
Additions		-			-
Accretion		(97	)		(210	)
Reclassification from non-accretable difference		142			176
Disposals		-			-
Balance June 30, 2014	$	1,311		$	1,311

Schedule of loans acquired

Loans acquired during 2012 for which it was probable at acquisition that all contractually required payments would not be collected were as follows (in thousands):


Contractually required payments receivable at acquisition
Construction / Land	$	750
One-to-four family residential		2,193
Multi-family residential		687
Nonresidential and agricultural land		1,530
Commercial		73
Consumer		52
Total required payments receivable at acquisition	$	5,285
Cash flows expected to be collected at acquisition	$	3,838
Basis in acquired loans at acquisition	$	3,088