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EARNINGS PER COMMON SHARE (Tables)
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table summarizes the basic and diluted earnings per common share computation for the three months ended March 31, 2015 and 2014:
 
 
 
Three months ending March 31,
 
 
 
2015
 
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in Thousands, Except Share Information)
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
Net income
 
$
396
 
 
$
206
 
Weighted average common shares outstanding
 
 
15,508,969
 
 
 
15,508,969
 
Less: average unallocated employee stock ownership plan shares
 
 
(76,647)
 
 
 
(81,437)
 
Less: average director’s deferred compensation shares
 
 
(34,478)
 
 
 
(35,765)
 
Less: average unvested restricted stock awards
 
 
(274)
 
 
 
(548)
 
Weighted average common shares outstanding, as adjusted
 
 
15,397,570
 
 
 
15,391,219
 
Basic earnings per common share
 
$
0.03
 
 
$
0.01
 
 
 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
 
Net income
 
$
396
 
 
$
206
 
Weighted average common shares outstanding, as adjusted (from above)
 
 
15,397,570
 
 
 
15,391,219
 
Add: dilutive effects of assumed exercise of stock options
 
 
-
 
 
 
-
 
Add: dilutive effects of full vesting of stock awards
 
 
-
 
 
 
-
 
Weighted average dilutive shares outstanding
 
 
15,397,570
 
 
 
15,391,219
 
Diluted earnings per common share
 
$
0.03
 
 
$
0.01