FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 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
December 31, 2013
Assets at fair value on a recurring basis
U.S. Treasury notes	$	—	$	2,657	$	—	$	2,657
U.S. Government agency notes		—		2,590		—		2,590
Municipal bonds		—		40,437		—		40,437
Mortgage-backed securities:
U.S. Government agencies		—		33,892		—		33,892
Collateralized mortgage obligations:
U.S. Government agencies		—		3,580		—		3,580
Non-agency		—		8,308		—		8,308
SBA bonds		—		2,230		—		2,230
Preferred stocks		797		—		—		797
Securities available-for-sale	$	797	$	93,694	$	—	$	94,491
Assets at fair value on a non-recurring basis
Collateral dependent impaired loans		—		—		9,782		9,782
Other real estate owned		—		—		377		377
December 31, 2012
Assets 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 at fair value on a non-recurring basis
Collateral dependent impaired loans		—		—		8,434		8,434
Other real estate owned		—		—		244		244

Carrying value and estimated fair values of financial instruments

		Carrying		Estimated		Fair value measurements using
(in thousands)		value		fair value		Level 1		Level 2		Level 3
December 31, 2013
Financial Assets
Cash and due from banks	$	12,711	$	12,711	$	12,711	$	—	$	—
Interest-bearing time deposits with other banks		738		738		—		—		738
Securities available-for-sale		94,491		94,491		797		93,694		—
Federal Home Loan Bank stock		5,340		5,340		—		5,340		—
Loans held-for-sale		173		175		—		—		175
Loans receivable, net		438,178		430,645		—		—		430,645
Accrued interest receivable		1,760		1,760		—		—		1,760
Financial Liabilities
Demand (non-interest-bearing)	$	84,677	$	84,677	$	—	$	—	$	84,677
Demand (interest-bearing)		81,932		81,932		—		—		81,932
Money market		120,550		120,550		—		—		120,550
Savings and other		107,171		107,171		—		—		107,171
Certificates of deposit		83,039		83,520		—		—		83,520
Deposits		477,369		477,850		—		—		477,850
FHLBB advances		30,411		33,034		—		—		33,034
Repurchase agreements		2,554		2,554		—		—		2,554
Capital lease liability		425		425		425		—		—
Accrued interest payable		140		140		—		—		140
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