FAIR VALUE OF ASSETS AND LIABILITIES (Tables)

3 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Assets measured at fair value

	Fair Value Measurements Using						Assets at
(in thousands)		Level 1		Level 2		Level 3		fair value
June 30, 2013
Assets measured at fair value on a recurring basis
U.S. Treasury notes	$	—	$	2,683	$	—	$	2,683
U.S. Government agency notes		—		2,665		—		2,665
Municipal bonds		—		43,965		—		43,965
Mortgage-backed securities:
U.S. Government agencies		—		40,102		—		40,102
Collateralized mortgage obligations:
U.S. Government agencies		—		4,274		—		4,274
Non-agency		—		9,913		—		9,913
SBA bonds		—		2,520		—		2,520
Preferred stocks		488		—		—		488
Securities available-for-sale	$	488	$	106,122	$	—	$	106,610
Assets measured at fair value on a non-recurring basis
Collateral dependent impaired loans	$	—	$	—	$	6,306	$	6,306
Other real estate owned		—		—		435		435
December 31, 2012
Assets measured at fair value on a recurring basis
U.S. Treasury notes	$	—	$	2,733	$	—	$	2,733
U.S. Government agency notes		—		7,726		—		7,726
Municipal bonds		—		47,365		—		47,365
Mortgage-backed securities:
U.S. Government agencies		—		48,729		—		48,729
Collateralized mortgage obligations:
U.S. Government agencies		—		5,197		—		5,197
Non-agency		—		11,507		—		11,507
SBA bonds		—		2,863		—		2,863
Preferred stocks		167		—		—		167
Securities available-for-sale	$	167	$	126,120	$	—	$	126,287
Assets measured at fair value on a non-recurring basis
Collateral dependent impaired loans		—		—		8,434		8,434
Other real estate owned		—		—		244		244

Carrying values and estimated fair values of financial instruments

		Carrying		Estimated	Fair value measurements using
(in thousands)		value		fair value		Level 1		Level 2		Level 3
June 30, 2013
Financial Assets
Cash and due from banks	$	32,960	$	32,960	$	32,960	$	—	$	—
Interest-bearing time deposits		4,233		4,233		—		—		4,233
Securities available-for-sale		106,610		106,610		488		106,122
Federal Home Loan Bank stock		5,340		5,340		—		5,340		—
Loans held-for-sale		864		870		—		—		870
Loans receivable net		416,729		409,411		—		—		409,411
Accrued interest receivable		2,002		2,002		—		—		2,002
Financial Liabilities
Demand (non-interest-bearing)	$	90,203	$	90,203	$	—	$	—	$	90,203
Demand (interest-bearing)		73,606		73,606		—		—		73,606
Money market		134,052		134,052		—		—		134,052
Savings and other		104,331		104,331		—		—		104,331
Certificates of deposit		89,848		90,679		—		—		90,679
Deposits		492,040		492,871		—		—		492,871
FHLBB advances		31,187		34,135		—		—		34,135
Repurchase agreements		2,980		2,980		—		—		2,980
Accrued interest payable		159		159		—		—		159
December 31, 2012
Financial Assets
Cash and due from banks	$	43,574	$	43,574	$	43,574	$	—	$	—
Securities available-for-sale		126,287		126,287		167		126,120		—
Federal Home Loan Bank stock		5,747		5,747		—		5,747		—
Loans held-for-sale		1,879		1,893		—		—		1,893
Loans receivable net		388,758		389,292		—		—		389,292
Accrued interest receivable		1,818		1,818		—		—		1,818
Financial Liabilities
Demand (non-interest-bearing)	$	98,850	$	98,850	$	—	$	—	$	98,850
Demand (interest-bearing)		65,991		65,991		—		—		65,991
Money market		128,501		128,501		—		—		128,501
Savings and other		103,985		103,985		—		—		103,985
Certificates of deposit		93,888		94,894		—		—		94,894
Deposits		491,215		492,221		—		—		492,221
FHLBB advances		31,980		35,363		—		—		35,363
Repurchase agreements		1,784		1,784		—		—		1,784
Accrued interest payable		196		196		—		—		196