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LOANS AND ALLOWANCE (Tables)
 9 Months Ended
Sep. 30, 2015
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of breakdown of loans
   
September 30, 2015
    
December 31, 2014
  
   
(Unaudited)
        
   
 
(In Thousands)
  
 
Construction/Land
  
$
21,192
    
$
26,055
  
 
One-to-four family residential
    
 
129,730
      
 
133,904
  
 
Multi-family residential
    
 
25,326
      
 
20,936
  
 
Nonresidential
    
 
125,873
      
 
122,894
  
 
Commercial
    
 
28,128
      
 
27,861
  
 
Consumer
    
 
4,278
      
 
3,894
  
     
 
334,527
      
 
335,544
  
 
Unamortized deferred loan costs
    
 
517
      
 
513
  
 
Undisbursed loans in process
    
(1,647
)
    
(57
)
 
Allowance for loan losses
    
(3,727
)
    
(4,005
)
 
Total loans
  
$
329,670
    
$
331,995
  
Schedule of the activity in the allowance for loan losses
   
 
Construction/
Land
    
 
1-4 Family
    
 
Multi-Family
    
 
Nonresidential
    
 
Commercial
    
 
Consumer
    
 
Total
  
   
 
(Unaudited; In Thousands)
  
Three Months Ended September 30, 2015
                            
Balances at beginning of period:
  
$
922
    
$
1,387
    
$
27
    
$
1,240
    
$
87
    
$
12
    
$
3,675
  
Provision for losses
    
(253
)
    
150
 
      
19
 
      
94
 
      
49
 
      
40
 
      
99
 
  
Loans charged off
    
-
 
      
(11
)
    
-
 
      
(13
)
    
-
 
      
(34
)
    
(58
)
Recoveries on loans
    
-
 
      
2
 
      
-
 
      
1
 
      
-
 
      
8
 
      
11
 
  
Balances at end of period
  
$
669
    
$
1,528
    
$
46
    
$
1,322
    
$
136
    
$
26
    
$
3,727
  
                                                         
Nine Months Ended September 30, 2015
                                                        
Balances at beginning of period:
  
$
740
    
$
1,977
    
$
28
    
$
1,107
    
$
151
    
$
2
    
$
4,005
  
Provision for losses
    
(138
)
    
210
 
      
(2
)
    
136
 
      
3
 
      
88
 
      
297
 
  
Loans charged off
    
-
 
      
(665
)
    
-
 
      
(13
)
    
(18
)
    
(91
)
    
(787
)
Recoveries on loans
    
67
 
      
6
 
      
20
 
      
92
 
      
-
 
      
27
 
      
212
 
  
Balances at end of period
  
$
669
    
$
1,528
    
$
46
    
$
1,322
    
$
136
    
$
26
    
$
3,727
  
                                                         
As of September 30, 2015
                                                        
Allowance for losses:
                                                        
Individually evaluated for impairment:
  
$
391
    
$
181
    
$
-
    
$
310
    
$
-
    
$
8
    
$
890
  
Collectively evaluated for impairment:
    
278
 
      
1,237
 
      
46
 
      
912
 
      
136
 
      
18
 
      
2,627
 
  
Loans acquired with a deteriorated credit quality:
    
-
 
      
110
 
      
-
 
      
100
 
      
-
 
      
-
 
      
210
 
  
Balances at end of period
  
$
669
    
$
1,528
    
$
46
    
$
1,322
    
$
136
    
$
26
    
$
3,727
  
                                                         
Loans:
                                                        
Individually evaluated for impairment:
  
$
3,318
    
$
4,609
    
$
-
    
$
4,367
    
$
251
    
$
-
    
$
12,545
  
Collectively evaluated for impairment:
    
17,818
 
      
124,203
 
      
25,326
 
      
121,108
 
      
27,864
 
      
4,276
 
      
320,595
 
  
Loans acquired with a deteriorated credit quality:
    
56
 
      
918
 
      
-
 
      
398
 
      
13
 
      
2
 
      
1,387
 
  
Balances at end of period
  
$
21,192
    
$
129,730
    
$
25,326
    
$
125,873
    
$
28,128
    
$
4,278
    
$
334,527
  
 
 
   
 
Construction/
Land
    
 
1-4 Family
    
 
Multi-Family
    
 
Nonresidential
    
 
Commercial
    
 
Consumer
    
 
Total
  
   
 
(Unaudited; In Thousands)
  
Three Months Ended September 30, 2014
 
                            
Balances at beginning of period:
 
  
$
676
    
$
1,391
    
$
303
    
$
1,232
    
$
152
    
$
8
    
$
3,762
  
Provision for losses
 
    
(90
)
    
290
 
      
(18
)
    
(36
)
    
(26
)
    
29
 
      
149
 
  
Loans charged off
 
    
-
 
      
(9
)
    
-
 
      
(20
)
    
-
 
      
(46
)
    
(75
)
Recoveries on loans
 
    
77
 
      
2
 
      
-
 
      
1
 
      
5
 
      
19
 
      
104
 
  
Balances at end of period
 
  
$
663
    
$
1,674
    
$
285
    
$
1,177
    
$
131
    
$
10
    
$
3,940
  
                                                         
Nine Months Ended September 30, 2014
 
                                                        
Balances at beginning of period:
 
  
$
676
    
$
1,749
    
$
404
    
$
1,470
    
$
189
    
$
22
    
$
4,510
  
Provision for losses
 
    
(90
)
    
513
 
      
392
 
      
(439
)
    
(77
)
    
48
 
      
347
 
  
Loans charged off
 
    
-
 
      
(629
)
    
(511
)
    
(94
)
    
-
 
      
(118
)
    
(1,352
)
Recoveries on loans
 
    
77
 
      
41
 
      
-
 
      
240
 
      
19
 
      
58
 
      
435
 
  
Balances at end of period
 
  
$
663
    
$
1,674
    
$
285
    
$
1,177
    
$
131
    
$
10
    
$
3,940
  
                                                         
   
 
Construction/
Land
    
 
1-4 Family
    
 
Multi-Family
    
 
Nonresidential
    
 
Commercial
    
 
Consumer
    
 
Total
  
   
 
(In Thousands)
  
                                                         
As of December 31, 2014
 
                                                        
Allowance for losses:
 
                                                        
Individually evaluated for impairment:
 
  
$
391
    
$
816
    
$
-
    
$
310
    
$
76
    
$
-
    
$
1,593
  
Collectively evaluated for impairment:
 
    
349
 
      
1,023
 
      
28
 
      
745
 
      
75
 
      
2
 
      
2,222
 
  
Loans acquired with a deteriorated credit quality:
 
    
-
 
      
138
 
      
-
 
      
52
 
      
-
 
      
-
 
      
190
 
  
Balances at end of period
 
  
$
740
    
$
1,977
    
$
28
    
$
1,107
    
$
151
    
$
2
    
$
4,005
  
                                                         
 
Loans:
 
                                                        
Individually evaluated for impairment:
 
  
$
4,047
    
$
4,448
    
$
1,013
    
$
3,315
    
$
379
    
$
8
    
$
13,210
  
Collectively evaluated for impairment:
 
    
21,597
 
      
128,421
 
      
19,923
 
      
119,176
 
      
27,468
 
      
3,876
 
      
320,461
 
  
Loans acquired with a deteriorated credit quality:
 
    
411
 
      
1,035
 
      
-
 
      
403
 
      
14
 
      
10
 
      
1,873
 
  
Balances at end of period
 
  
$
26,055
    
$
133,904
    
$
20,936
    
$
122,894
    
$
27,861
    
$
3,894
    
$
335,544
  
Schedule of credit risk profile of the corporation's loan portfolio based on rating category
September 30, 2015
 
  
Total Portfolio
    
Pass
    
Special Mention
    
Substandard
    
Doubtful
  
   
(Unaudited; In Thousands)
  
Construction/Land
  
$
21,192
    
$
17,818
    
$
-
    
$
3,374
    
$
-
  
1-4 family residential
    
129,730
      
123,318
      
1,197
      
5,135
      
80
  
Multi-family residential
    
25,326
      
25,285
      
41
      
-
      
-
  
Nonresidential
    
125,873
      
120,345
      
1,337
      
4,188
      
3
  
Commercial
    
28,128
      
27,859
      
26
      
243
      
-
  
Consumer
    
4,278
      
4,278
      
-
      
-
      
-
  
 
Total loans
  
$
334,527
    
$
318,904
    
$
2,601
    
$
12,940
    
$
83
  
 
December 31, 2014
 
  
Total Portfolio
    
Pass
    
Special Mention
    
Substandard
    
Doubtful
  
   
(In Thousands)
  
Construction/Land
  
$
26,055
    
$
21,907
    
$
31
    
$
4,117
    
$
-
  
1-4 family residential
    
133,904
      
124,969
      
2,817
      
6,013
      
105
  
Multi-family residential
    
20,936
      
19,881
      
42
      
1,013
      
-
  
Nonresidential
    
122,894
      
117,336
      
2,486
      
2,923
      
149
  
Commercial
    
27,861
      
27,432
      
9
      
355
      
65
  
Consumer
    
3,894
      
3,875
      
-
      
19
      
-
  
 
Total loans
  
$
335,544
    
$
315,400
    
$
5,385
    
$
14,440
    
$
319
  
Schedule of corporation's loan portfolio aging analysis
September 30, 2015
  
30-59 Days Past Due
    
60-89 Days Past Due
    
Greater than 90 Days
    
Total Past Due
    
Current
    
Purchased Credit Impaired Loans
    
Total Loans Receivables
  
   
 
(Unaudited; In Thousands)
 
  
Construction/Land
  
$
-
    
$
4
    
$
-
    
$
4
    
$
21,132
    
$
56
    
$
21,192
  
1-4 family residential
    
 
561
      
 
542
      
 
1,011
      
 
2,114
      
 
126,698
      
 
918
      
 
129,730
  
Multi-family residential
    
 
-
      
 
-
      
 
-
      
 
-
    
 
25,326
      
 
-
      
 
25,326
  
Nonresidential
    
 
171
      
 
371
      
 
1,998
      
 
2,540
    
 
122,935
      
 
398
      
 
125,873
  
Commercial
    
 
88
      
 
-
      
 
-
      
 
88
      
 
28,027
      
 
13
      
 
28,128
  
Consumer
    
 
13
      
 
2
      
 
-
      
 
15
      
 
4,261
      
 
2
      
 
4,278
  
   
$
833
    
$
919
    
$
3,009
    
$
4,761
    
$
328,379
    
$
1,387
    
$
334,527
  
 
December 31, 2014
  
30-59 Days Past Due
    
60-89 Days Past Due
    
Greater than 90 Days
    
Total Past Due
    
Current
    
Purchased Credit Impaired Loans
    
Total Loans Receivables
  
   
 
(In Thousands)
 
  
Construction/Land
  
$
-
    
$
-
    
$
187
    
$
187
    
$
25,457
    
$
411
    
$
26,055
  
1-4 family residential
    
 
418
      
 
760
      
 
2,855
      
 
4,033
      
 
128,836
      
 
1,035
      
 
133,904
  
Multi-family residential
    
 
-
      
 
-
      
 
-
      
 
-
    
 
20,936
      
 
-
      
 
20,936
  
Nonresidential
    
 
458
      
 
-
      
 
1,745
      
 
2,203
 
    
 
120,288
      
 
403
      
 
122,894
  
Commercial
    
 
-
      
 
-
      
 
116
      
 
116
 
    
 
27,731
      
 
14
      
 
27,861
  
Consumer
    
 
25
      
 
10
      
 
10
      
 
45
 
    
 
3,839
      
 
10
      
 
3,894
  
   
$
901
    
$
770
    
$
4,913
    
$
6,584
    
$
327,087
    
$
1,873
    
$
335,544
  
Schedule of corporation's nonaccrual loans
   
September 30, 2015
    
December 31, 2014
  
   
 
(Unaudited)
      
 
Construction/Land
  
$
1,819
    
$
2,148
  
 
One-to-four family residential
    
 
1,861
      
 
4,214
  
 
Multi-family residential
    
 
-
      
 
1,013
  
 
Nonresidential and agricultural land
    
 
3,203
      
 
3,132
  
 
Commercial
    
 
111
      
 
230
  
 
Consumer and other
    
 
-
      
 
8
  
 
Total nonaccrual loans
  
$
6,994
    
$
10,745
  


Schedule of principal balances and specific valuation allocations for impaired loans
The following tables present information pertaining to the principal balances and specific valuation allocations for impaired loans, as of September 30, 2015 (unaudited; in thousands):
Impaired loans without a specific allowance:
  
Recorded Investment
    
Unpaid Principal Balance
    
Specific
Allowance
  
Construction/Land
  
$
1,648
    
$
1,649
    
$
-
  
1-4 family residential
    
 
4,047
      
 
4,631
      
 
-
  
Multi-family residential
    
 
-
      
 
-
      
 
-
  
Nonresidential
    
 
3,437
      
 
3,462
      
 
-
  
Commercial
    
 
238
      
 
239
      
 
-
  
Consumer
    
 
-
      
 
-
      
 
-
  
   
$
9,370
    
$
9,981
    
$
-
  
 
                   
Impaired loans with a specific allowance:
  
Recorded Investment
    
Unpaid Principal Balance
    
Specific
Allowance
  
Construction/Land
  
$
1,670
    
$
1,684
    
$
391
  
1-4 family residential
    
 
562
      
 
575
      
 
181
  
Multi-family residential
    
 
-
      
 
-
      
 
-
  
Nonresidential
    
 
930
      
 
930
      
 
310
  
Commercial
    
 
13
      
 
13
      
 
8
  
Consumer
    
 
-
      
 
-
      
 
-
  
   
$
3,175
    
$
3,202
    
$
890
  
 
                   
Total impaired loans:
  
Recorded Investment
    
Unpaid Principal Balance
    
Specific
Allowance
  
Construction Land
  
$
3,318
    
$
3,333
    
$
391
  
1-4 family residential
    
 
4,609
      
 
5,206
      
 
181
  
Multi-family residential
    
 
-
      
 
-
      
 
-
  
Nonresidential
    
 
4,367
      
 
4,392
      
 
310
  
Commercial
    
 
251
      
 
252
      
 
8
  
Consumer
    
 
-
      
 
-
      
 
-
  
   
$
12,545
    
$
13,183
    
$
890
  
 
The following tables present information pertaining to the principal balances and specific valuation allocations for impaired loans as of December 31, 2014 (in thousands):
Impaired loans without a specific allowance:
  
Recorded Investment
    
Unpaid Principal Balance
    
Specific
Allowance
  
Construction/Land
  
$
2,300
    
$
2,342
    
$
-
  
1-4 family residential
    
 
1,952
      
 
1,962
      
 
-
  
Multi-family residential
    
 
1,013
      
 
1,013
      
 
-
  
Nonresidential
    
 
2,360
      
 
2,614
      
 
-
  
Commercial
    
 
250
      
 
251
      
 
-
  
Consumer
    
 
8
      
 
9
      
 
-
  
   
$
7,883
    
$
8,191
    
$
-
  
 
Impaired loans with a specific allowance:
  
Recorded Investment
    
Unpaid Principal Balance
    
Specific
Allowance
  
Construction/Land
  
$
1,747
    
$
1,761
    
$
391
  
1-4 family residential
    
 
2,496
      
 
2,512
      
 
816
  
Multi-family residential
    
 
-
      
 
-
      
 
-
  
Nonresidential
    
 
955
      
 
955
      
 
310
  
Commercial
    
 
129
      
 
268
      
 
76
  
Consumer
    
 
-
      
 
-
      
 
-
  
   
$
5,327
    
$
5,496
    
$
1,593
  
 
 
Total impaired loans:
  
Recorded Investment
    
Unpaid Principal Balance
    
Specific
Allowance
  
Construction/Land
  
$
4,047
    
$
4,103
    
$
391
  
1-4 family residential
    
 
4,448
      
 
4,474
      
 
816
  
Multi-family residential
    
 
1,013
      
 
1,013
      
 
-
  
Nonresidential
    
 
3,315
      
 
3,569
      
 
310
  
Commercial
    
 
379
      
 
519
      
 
76
  
Consumer
    
 
8
      
 
9
      
 
-
  
   
$
13,210
    
$
13,687
    
$
1,593
  
Schedule of information related to the average recorded investment and interest income recognized on impaired loans
   
Three Months Ended
September 30, 2015
    
Three Months Ended
September 30, 2014
  
   
Average Investment
    
Interest Income Recognized
    
Average
Investment
    
Interest Income Recognized
  
   
(Unaudited; In Thousands)
  
Construction/Land
  
$
3,287
    
$
25
    
$
3,953
    
$
26
  
1-4 family residential
    
 
3,257
      
 
46
      
 
4,630
      
 
40
  
Multi-family residential
    
 
-
      
 
-
      
 
1,000
      
 
4
  
Nonresidential
    
 
3,188
      
 
26
      
 
3,975
      
 
21
  
Commercial
    
 
218
      
 
3
      
 
304
      
 
2
  
Consumer
    
 
-
      
 
-
      
 
-
      
 
-
  
   
$
9,950
    
$
100
    
$
13,862
    
$
93
  
 
   
Nine Months Ended
September 30, 2015
    
Nine Months Ended
September 30, 2014
  
   
Average Investment
    
Interest Income Recognized
    
Average
Investment
    
Interest Income Recognized
  
   
(Unaudited; In Thousands)
  
Construction/Land
  
$
3,592
    
$
98
    
$
4,078
    
$
105
  
1-4 family residential
    
 
3,487
      
 
139
      
 
5,081
      
 
133
  
Multi-family residential
    
 
-
      
 
-
      
 
1,014
      
 
16
  
Nonresidential
    
 
3,232
      
 
80
      
 
3,977
      
 
85
  
Commercial
    
 
280
      
 
18
      
 
332
      
 
13
  
Consumer
    
 
3
      
 
-
      
 
-
      
 
-
  
   
$
10,594
    
$
335
    
$
14,482
    
$
352
  
Schedule of troubled debt restructurings by class
   
For the Three Months Ended September 30, 2015
  
   
Number
of Loans
    
Pre-Modification Recorded Balance
    
Post-Modification Recorded Balance
  
   
(Unaudited; In Thousands)
  
Construction/Land
    
1
    
$
149
    
$
149
  
One-to-four family residential
    
-
      
-
      
-
  
Multi-family residential
    
-
      
-
      
-
  
Nonresidential and agricultural land
    
-
      
-
      
-
  
Commercial
    
-
      
-
      
-
  
     
1
    
$
149
    
$
149
  
 
   
For the Three Months Ended September 30, 2014
  
   
Number
of Loans
    
Pre-Modification Recorded Balance
    
Post-Modification Recorded Balance
  
   
(Unaudited; In Thousands)
      
Construction/Land
    
3
    
$
1,830
    
$
1,985
  
One-to-four family residential
    
1
      
485
      
485
  
Multi-family residential
    
1
      
1,019
      
1,019
  
Nonresidential and agricultural land
    
1
      
43
      
46
  
Commercial
    
1
      
130
      
153
  
     
7
    
$
3,507
    
$
3,688
  
 
 
   
For the Nine Months Ended September 30, 2015
  
   
Number
of Loans
    
Pre-Modification Recorded Balance
    
Post-Modification Recorded Balance
  
   
(Unaudited; In Thousands)
  
             
Construction/Land
    
7
    
$
3,473
    
$
3,473
  
One-to-four family residential
    
-
      
-
      
-
  
Multi-family residential
    
-
      
-
      
-
  
Nonresidential and agricultural land
    
-
      
-
      
-
  
Commercial
    
2
      
76
      
66
  
     
9
    
$
3,549
    
$
3,539
  
 
   
For the Nine Months Ended September 30, 2014
  
   
Number
of Loans
    
Pre-Modification Recorded Balance
    
Post-Modification Recorded Balance
  
             
Construction/Land
    
5
    
$
4,278
    
$
4,473
  
One-to-four family residential
    
7
      
2,606
      
2,876
  
Multi-family residential
    
2
      
2,087
      
2,102
  
Nonresidential and agricultural land
    
2
      
243
      
209
  
Commercial
    
5
      
201
      
240
  
     
21
    
$
9,415
    
$
9,900
  
Schedule of troubled debt restructurings by type of modification
The following tables present information regarding post-modification balances of newly restructured troubled debt by type of modification for the three months ended September 30, 2015 and 2014.
September 30, 2015
  
Interest Only
    
Term
    
Combination
    
Total
Modifications
  
   
(Unaudited; In Thousands)
  
                 
Construction/Land
  
$
149
    
$
-
    
$
-
    
$
149
  
One-to-four family residential
    
-
      
-
      
-
      
-
  
Multi-family residential
    
-
      
-
      
-
      
-
  
Nonresidential
    
-
      
-
      
-
      
-
  
Commercial
    
-
      
-
      
-
      
-
  
   
$
149
    
$
-
    
$
-
    
$
149
  
 

 
September 30, 2014
  
Interest Only
    
Term
    
Combination
    
Total
Modifications
  
   
(Unaudited; In Thousands)
  
                 
Construction/Land
  
$
155
    
$
1,830
    
$
-
    
$
1,985
  
One-to-four family residential
    
-
      
485
      
-
      
485
  
Multi-family residential
    
-
      
1,019
      
-
      
1,019
  
Nonresidential
    
-
      
-
      
46
      
46
  
Commercial
    
-
      
-
      
153
      
153
  
   
$
155
    
$
3,334
    
$
199
    
$
3,688
  
 
      The following tables present information regarding post-modification balances of newly restructured troubled debt by type of modification for the nine months ended September 30, 2015 and 2014.
September 30, 2015
  
Interest Only
    
Term
    
Combination
    
Total
Modifications
  
   
(Unaudited; In Thousands)
  
                 
Construction/Land
  
$
149
    
$
3,324
    
$
-
    
$
3,473
  
One-to-four family residential
    
-
      
-
      
-
      
-
  
Multi-family residential
    
-
      
-
      
-
      
-
  
Nonresidential
    
-
      
-
      
66
      
66
  
Commercial
    
-
      
-
      
-
      
-
  
   
$
149
    
$
3,324
    
$
66
    
$
3,539
  
 

 
September 30, 2014
  
Interest Only
    
Term
    
Combination
    
Total
Modifications
  
   
(Unaudited; In Thousands)
  
                 
Construction/Land
  
$
155
    
$
2,048
    
$
2,270
    
$
4,473
  
One-to-four family residential
    
-
      
595
      
2,281
      
2,876
  
Multi-family residential
    
-
      
1,019
      
1,083
      
2,102
  
Nonresidential
    
-
      
-
      
209
      
209
  
Commercial
    
-
      
-
      
240
      
240
  
   
$
155
    
$
3,662
    
$
6,083
    
$
9,900