FAIR VALUE OF ASSETS AND LIABILITIES (Tables)

3 Months Ended

Sep. 30, 2012

Fair Value Disclosures [Abstract]

Assets at fair value

(in thousands)	Fair Value Measurements Using			Assets at fair value
	Level 1	Level 2	Level 3
September 30, 2012
Assets at fair value on a recurring basis
U.S. Treasury notes	$            -	$      2,745	$              -	$      2,745
U.S. Government agency notes	-	7,755	-	7,755
Municipal bonds	-	47,184	-	47,184
Mortgage-backed securities:
U.S. Government agencies	-	46,761	-	46,761
Collateralized mortgage obligations:
U.S. Government agencies	-	5,750	-	5,750
Non-agency	-	12,384	-	12,384
SBA bonds	-	3,032	-	3,032
Preferred stocks	54	-	-	54
Securities available-for-sale	$         54	$ 125,611	$              -	$  125,665
Assets at fair value on a non-recurring basis
Collateral dependent impaired loans	$            -	$             -	$      7,978	$      7,978
Other real estate owned	-	-	641	641
December 31, 2011
Assets at fair value on a recurring basis
U.S. Treasury notes	$            -	$     5,528	$              -	$      5,528
U.S. Government agency notes	-	14,924	-	14,924
Municipal bonds	-	50,796	-	50,796
Mortgage-backed securities:
U.S. Government agencies	-	58,300	-	58,300
Collateralized mortgage obligations:
U.S. Government agencies	-	7,153	-	7,153
Non-agency	-	14,167	-	14,167
SBA bonds	-	3,706	-	3,706
Corporate bonds	-	1,104	-	1,104
Preferred stocks	116	-	-	116
Securities available-for-sale	$        116	$  155,678	$              -	$  155,794
Assets at fair value on a non-recurring basis
Collateral dependent impaired loans	$             -	$              -	$      5,443	$      5,443
Other real estate owned	-	-	2,744	2,744

Estimated fair value of financial instruments

(in thousands)	Carrying value	Estimated fair value	Fair value measurements using
			Level 1	Level 2	Level 3
September 30, 2012
Financial Assets
Cash and due from banks	$     65,416	$     65,416	$  65,416	$              -	$               -
Securities available-for-sale	125,665	125,665	54	125,611	-
Federal Home Loan Bank stock	5,747	5,747	-	5,747	-
Loans held-for-sale	1,595	1,607	-	-	1,607
Loans receivable net	377,377	378,529	-	-	378,529
Accrued interest receivable	1,966	1,966	-	-	1,966
Financial Liabilities
Demand (non-interest-bearing)	$     90,064	$     90,064	$           -	$              -	$     90,064
Demand (interest-bearing)	66,535	66,535	-	-	66,535
Money market	136,512	136,512	-	-	136,512
Savings and other	100,462	100,462	-	-	100,462
Certificates of deposit	96,633	97,744	-	-	97,744
Deposits	490,206	491,317	-	-	491,317
FHLBB advances	42,392	46,580	-	-	46,580
Repurchase agreements	2,941	2,941	-	-	2,941
Accrued interest payable	218	218	-	-	218
December 31, 2011
Financial Assets
Cash and due from banks	$     36,886	$     36,886	$  36,886	$              -	$               -
Securities available-for-sale	155,794	155,794	116	155,678	-
Security held-to-maturity	50	52	-	52	-
Federal Home Loan Bank stock	6,032	6,032	-	6,032	-
Loans held-for-sale	948	955	-	-	955
Loans receivable net	370,766	373,071	-	-	373,071
Accrued interest receivable	2,126	2,126	-	-	2,126
Financial Liabilities
Demand (non-interest-bearing)	$     82,202	$     82,202	$           -	$              -	$     82,202
Demand (interest-bearing)	66,332	66,332	-	-	66,332
Money market	124,566	124,566	-	-	124,566
Savings and other	94,503	94,503	-	-	94,503
Certificates of deposit	103,703	104,466	-	-	104,466
Deposits	471,306	472,069	-	-	472,069
FHLBB advances	54,615	58,808	-	-	58,808
Repurchase agreements	12,148	12,148	-	-	12,148
Accrued interest payable	271	271	-	-	271