FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2013

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

The following tables summarize quantitative disclosures about the fair value measurement for each category of assets carried at fair value on a recurring basis as of December 31, 2013 and December 31, 2012 (dollars in thousands):

			Quoted Prices in		Significant
Investment securities			Active Markets		Other		Significant
available for sale			for Identical		Observable		Unobservable
December 31, 2013	Fair value		Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)

U.S. government agencies – GSE's	$	34,665	$	-	$	34,665	$	-
Mortgage-backed securities - GSE's		41,065		-		41,065		-
Municipal bonds		8,106		-		8,106		-

Total	$	83,836	$	-	$	83,836	$	-


			Quoted Prices in		Significant
Investment securities			Active Markets		Other		Significant
available for sale			for Identical		Observable		Unobservable
December 31, 2012	Fair value		Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)

U.S. government agencies – GSE's	$	37,154	$	-	$	37,154	$	-
Mortgage-backed securities - GSE's		35,954		-		35,954		-
Municipal bonds		8,383		-		8,383		-

Total	$	81,491	$	-	$	81,491	$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

The following tables summarize quantitative disclosures about the fair value measurement for each category of assets carried at fair value on a nonrecurring basis as of December 31, 2013 and December 31, 2012 (dollars in thousands):

			Quoted Prices in		Significant
			Active Markets		Other		Significant
Asset Category			for Identical		Observable		Unobservable
December 31, 2013	Fair value		Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)

Impaired loans	$	8,477	$	-	$	-	$	8,477

Foreclosed real estate		2,008		-		-		2,008

Total	$	10,485	$	-	$	-	$	10,485

			Quoted Prices in		Significant
			Active Markets		Other		Significant
Asset Category			for Identical		Observable		Unobservable
December 31, 2012	Fair value		Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)

Impaired loans	$	5,787	$	-	$	-	$	5,787

Foreclosed real estate		2,833		-		-		2,833

Total	$	8,620	$	-	$	-	$	8,620

Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]

The following table presents the carrying values and estimated fair values of the Company's financial instruments at December 31, 2013 and 2012:

	December 31, 2013
	Carrying		Estimated
	Amount		Fair Value		Level 1		Level 2		Level 3
	(dollars in thousands)
Financial assets:
Cash and due from banks	$	20,151	$	20,151	$	20,151	$	-	$	-
Interest-earning deposits in other banks		49,690		49,690		49,690		-		-
Federal funds sold		3,028		3,028		3,028		-		-
Investment securities available for sale		83,836		83,836		-		83,836		-
Loans, net		339,446		353,439		-		-		353,439
Accrued interest receivable		1,650		1,650		-		-		1,650
Stock in the FHLB		796		796		-		-		796
Other non-marketable securities		1,055		1,055		-		-		1,055

Financial liabilities:
Deposits	$	448,458	$	452,529	$	-	$	452,529	$	-
Short-term debt		6,305		6,305		-		6,305		-
Long-term debt		12,372		7,517		-		7,517		-
Accrued interest payable		225		225		-		-		225

	December 31, 2012
	Carrying		Estimated
	Amount		Fair Value		Level 1		Level 2		Level 3
	(dollars in thousands)
Financial assets:
Cash and due from banks	$	13,498	$	13,498	$	13,498	$	-	$	-
Interest-earning deposits in other banks		97,081		97,081		97,081		-		-
Federal funds sold		3,029		3,029		3,029		-		-
Investment securities available for sale		81,491		81,491		-		81,491		-
Loans, net		359,995		377,591		-		-		377,591
Accrued interest receivable		1,636		1,636		-		-		1,636
Stock in the FHLB		973		973		-		-		973
Other non-marketable securities		1,105		1,105		-		-		1,105

Financial liabilities:
Deposits	$	498,559	$	507,478	$	-	$	507,478	$	-
Short-term debt		17,848		17,848		-		17,848		-
Long-term debt		12,372		8,451		-		8,451		-
Accrued interest payable		281		281		-		-		281