FAIR VALUE MEASUREMENT (Tables)

9 Months Ended

Sep. 30, 2013

FAIR VALUE MEASUREMENT [Abstract]

Assets and liabilities measured at fair value on a recurring basis

The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis as of September 30, 2013.

	(in thousands)
September 30, 2013	Total		Level 1		Level 2		Level 3
U.S. Treasury securities	$	1,001	$	1,001	$	—	$	—
Securities of U.S. government
agencies and corporations		58,900		—		58,900		—
Obligations of states and
political subdivisions		27,317		—		27,317		—
Collateralized mortgage obligations		5,861		—		5,861
Mortgage-backed securities		93,928		—		93,928		—
Total investments at fair value	$	187,007	$	1,001	$	186,006	$	—

The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis as of December 31, 2012.

	(in thousands)
December 31, 2012	Total		Level 1		Level 2		Level 3
U.S. Treasury securities	$	1,005	$	1,005	$	—	$	—
Securities of U.S. government
agencies and corporations		28,305		—		28,305		—
Obligations of states and
political subdivisions		28,786		—		28,786		—
Collateralized mortgage obligations		8,278		—		8,278
Mortgage-backed securities		118,117		—		118,117		—
Total investments at fair value	$	184,491	$	1,005	$	183,486	$	—

Assets measured at fair value on a non-recurring basis

Assets measured at fair value on a non-recurring basis are included in the table below by level within the fair value hierarchy as of September 30, 2013.

	(in thousands)
September 30, 2013	Total		Level 1		Level 2		Level 3
Impaired loans	$	989	$	—	$	—	$	989
Loan servicing rights		1,964		—		—		1,964
Total assets at fair value	$	2,953	$	—	$	—	$	2,953

Assets measured at fair value on a non-recurring basis are included in the table below by level within the fair value hierarchy as of December 31, 2012.

	(in thousands)
December 31, 2012	Total		Level 1		Level 2		Level 3
Impaired loans	$	2,513	$	—	$	—	$	2,513
Other real estate owned		1,062		—		—		1,062
Loan servicing rights		1,224		—		—		1,224
Total assets at fair value	$	4,799	$	—	$	—	$	4,799