EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Computation of earnings per share

Periods ended March 31, (in thousands)		2014			2013
Net income	$	551		$	940
Less: Preferred stock dividends declared		(46	)		(40	)
Net income available to common shareholders		505			900
Less: Undistributed earnings allocated to participating securities		(6	)		(10	)
Net income allocated to common stock	$	499		$	890
Common shares issued		1,712			1,709
Less: Unvested restricted stock awards		(21	)		(20	)
Common shares outstanding used to calculate basic earnings per common share		1,691			1,689
Add: Dilutive effect of unvested restricted stock awards		—			—
Common shares outstanding used to calculate diluted earnings per common share		1,691			1,689
Earnings per common share (basic and diluted)	$	0.29			0.53