FAIR VALUE OF ASSETS AND LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2016

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
September 30, 2016
Assets at fair value on a recurring basis
Municipal bonds	$	—	$	18,604	$	—	$	18,604
Mortgage-backed securities:
U.S. Government agencies and U.S. Government-sponsored enterprises		—		48,176		—		48,176
Collateralized mortgage obligations:
U.S. Government agencies		—		1,604		—		1,604
Non-agency		—		4,032		—		4,032
SBA bonds		—		2,286		—		2,286
CRA mutual funds		—		838		—		838
Corporate bonds		—		1,020		—		1,020
Preferred stock		241		—		—		241
Securities available-for-sale	$	241	$	76,560	$	—	$	76,801
Assets at fair value on a non-recurring basis
Collateral dependent impaired loans		—		—		11,801		11,801
Mortgage servicing rights		—		962		—		962
December 31, 2015
Assets at fair value on a recurring basis
U.S. Treasury notes	$	—	$	2,541	$	—	$	2,541
U.S. Government agency notes		—		498		—		498
Municipal bonds		—		30,385		—		30,385
Mortgage-backed securities:
U.S. Government agencies and U.S. Government-sponsored enterprises		—		32,202		—		32,202
Collateralized mortgage obligations:
U.S. Government agencies		—		2,014		—		2,014
Non-agency		—		4,948		—		4,948
SBA bonds		—		3,096		—		3,096
CRA mutual funds		—		764		—		764
Preferred stock		246		—		—		246
Securities available-for-sale	$	246	$	76,448	$	—	$	76,694
Assets at fair value on a non-recurring basis
Collateral dependent impaired loans		—		—		15,211		15,211
Mortgage servicing rights		—		1,315		—		1,315

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
September 30, 2016
Financial Assets
Cash and cash equivalents	$	42,638	$	42,638	$	42,638	$	—	$	—
Securities available-for-sale		76,801		76,801		241		76,560		—
Federal Home Loan Bank stock		2,937		2,937		—		2,937		—
Loans held-for-sale		837		852		—		—		852
Loans receivable, net		753,623		765,433		—		—		765,433
Accrued interest receivable		2,260		2,260		2,260		—		—
Cash surrender value of life insurance		13,952		13,952		13,952		—		—
Mortgage servicing rights		359		962		—		962		—
Financial Liabilities
Demand (non-interest-bearing)	$	210,396	$	210,396	$	—	$	—	$	210,396
Demand (interest-bearing)		126,064		126,064		—		—		126,064
Money market		201,504		201,504		—		—		201,504
Savings and other		127,595		127,595		—		—		127,595
Certificates of deposit		121,171		122,448		—		—		122,448
Deposits		786,730		788,007		—		—		788,007
Repurchase agreements		3,581		3,581		—		—		3,581
FHLBB advances		27,134		28,004		—		—		28,004
Subordinated debt		9,782		10,432		—		—		10,432
Note payable		351		385		—		—		385
Capital lease liability		419		903		—		—		903
Accrued interest payable		275		275		275		—		—
December 31, 2015
Financial Assets
Cash and cash equivalents	$	62,118	$	62,118	$	62,118	$	—	$	—
Securities available-for-sale		76,694		76,694		246		76,448		—
Federal Home Loan Bank stock		3,176		3,176		—		3,176		—
Loans held-for-sale		763		778		—		—		778
Loans receivable, net		699,018		707,154		—		—		707,154
Accrued interest receivable		2,307		2,307		2,307		—		—
Cash surrender value of life insurance		13,685		13,685		13,685		—		—
Mortgage servicing rights		597		1,383		—		1,383		—
Financial Liabilities
Demand (non-interest-bearing)	$	201,340	$	201,340	$	—	$	—	$	201,340
Demand (interest-bearing)		125,465		125,465		—		—		125,465
Money market		183,783		183,783		—		—		183,783
Savings and other		119,651		119,651		—		—		119,651
Certificates of deposit		124,294		125,437		—		—		125,437
Deposits		754,533		755,676		—		—		755,676
Repurchase agreements		3,914		3,914		—		—		3,914
FHLBB advances		26,979		28,559		—		—		28,559
Subordinated debt		9,764		9,764		—		—		9,764
Note payable		376		405		—		—		405
Capital lease liability		422		870		—		—		870
Accrued interest payable		150		150		150		—		—