FAIR VALUE OF ASSETS AND LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2015

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, 2015
Assets at fair value on a recurring basis
U.S. Treasury notes	$	—	$	2,580	$	—	$	2,580
U.S. Government agency notes		—		1,496		—		1,496
Municipal bonds		—		33,833		—		33,833
Mortgage-backed securities:
U.S. Government agencies and U.S. Government-sponsored enterprises		—		28,672		—		28,672
Collateralized mortgage obligations:
U.S. Government agencies		—		2,336		—		2,336
Non-agency		—		5,777		—		5,777
SBA bonds		—		3,652		—		3,652
CRA mutual funds		—		758		—		758
Preferred stock		313		—		—		313
Securities available-for-sale	$	313	$	79,104	$	—	$	79,417
Assets at fair value on a non-recurring basis
Collateral dependent impaired loans		—		—		13,055		13,055
Other real estate owned		—		—		268		268
December 31, 2014
Assets at fair value on a recurring basis
U.S. Treasury notes	$	—	$	2,806	$	—	$	2,806
U.S. Government agency notes		—		5,874		—		5,874
Municipal bonds		—		40,352		—		40,352
Mortgage-backed securities:
U.S. Government agencies and U.S. Government-sponsored enterprises		—		27,709		—		27,709
Collateralized mortgage obligations:
U.S. Government agencies		—		2,679		—		2,679
Non-agency		—		6,596		—		6,596
SBA bonds		—		4,465		—		4,465
CRA mutual funds		—		504		—		504
Preferred stock		327		—		—		327
Securities available-for-sale	$	327	$	90,985	$	—	$	91,312
Assets at fair value on a non-recurring basis
Collateral dependent impaired loans	$	—	$	—	$	10,463	$	10,463
Other real estate owned		—		—		1,002		1,002

Carrying value and estimated fair values of financial instruments

(in thousands)	Carrying		Estimated		Fair value measurements using
	value		fair value		Level 1		Level 2		Level 3
June 30, 2015
Financial Assets
Cash and cash equivalents	$	50,420	$	50,420		50,420	$	—	$	—
Securities available-for-sale		79,417		79,417		313		79,104		—
Federal Home Loan Bank stock		3,515		3,515		—		3,515		—
Loans held-for-sale		300		305		—		—		305
Loans receivable, net		677,726		690,776		—		—		690,776
Accrued interest receivable		2,292		2,292		—		—		2,292
Financial Liabilities
Demand (non-interest-bearing)	$	171,022	$	171,022	$	—	$	—	$	171,022
Demand (interest-bearing)		118,293		118,293		—		—		118,293
Money market		173,488		173,488		—		—		173,488
Savings and other		123,697		123,697		—		—		123,697
Certificates of deposit		134,234		135,709		—		—		135,709
Deposits		720,734		722,209		—		—		722,209
Repurchase agreements		2,771		2,771		—		—		2,771
FHLBB advances		28,033		30,176		—		—		30,176
Capital lease liability		423		895		—		—		895
Accrued interest payable		158		158		—		—		158
December 31, 2014
Financial Assets
Cash and cash equivalents	$	36,105	$	36,105	$	36,105	$	—	$	—
Securities available-for-sale		91,312		91,312		327		90,985		—
Federal Home Loan Bank stock		3,515		3,515		—		3,515		—
Loans held-for-sale		568		572		—		—		572
Loans receivable, net		673,330		683,845		—		—		683,845
Accrued interest receivable		2,334		2,334		—		—		2,334
Financial Liabilities
Demand (non-interest-bearing)	$	161,386	$	161,386	$	—	$	—	$	161,386
Demand (interest-bearing)		117,169		117,169		—		—		117,169
Money market		174,274		174,274		—		—		174,274
Savings and other		121,387		121,387		—		—		121,387
Certificates of deposit		141,210		142,261		—		—		142,261
Deposits		715,426		716,477		—		—		716,477
Repurchase agreements		4,163		4,163		—		—		4,163
FHLBB advances		28,813		30,626		—		—		30,626
Capital lease liability		424		929		—		—		929
Accrued interest payable		166		166		—		—		166