FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2016

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

The following tables present assets that are measured at fair value on a recurring basis by major product category and fair value hierarchy as of June 30, 2016 and December 31, 2015:

	Category Used for Fair Value Measurement
June 30, 2016	Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets:
Securities available for sale:
U.S. government sponsored entity mortgage-backed securities	$	—	$	102,105	$	—
U.S. Treasury and federal agencies		—		33		—
Corporate securities		—		4,646		—
Equity securities		5		—		—
Totals	$	5	$	106,784	$	—

	Category Used for Fair Value Measurement
December 31, 2015	Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets:
Securities available for sale:
U.S. government sponsored entity mortgage-backed securities	$	—	$	92,982	$	—
U.S. Treasury and federal agencies		—		10,040		—
Corporate securities		—		8,844		—
Equity securities		42		—		—
Totals	$	42	$	111,866	$	—

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

Summary of Non-Recurring Fair Value Measurements

			Category Used for Fair Value Measurement
Six Month Period Ended	Total		Level 1		Level 2		Level 3		Total (Losses) Gains
	(Dollars in thousands)
June 30, 2016
Assets:
Impaired loans	$	3,177	$	-	$	317	$	2,860	$	(103)
Real estate owned		646		-		329		317		(140)

June 30, 2015
Assets:
Impaired loans	$	3,854	$	-	$	1,756	$	2,098	$	(39)
Real estate owned		780		-		780		-		(365)

Fair Value, by Balance Sheet Grouping [Table Text Block]

The following table summarizes these results:

			Category Used For Fair Value
June 30, 2016	Carrying Amount		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets:
Cash and cash equivalents	$	86,205	$	86,205	$	—	$	—
Investment securities:
Held to maturity		842		—		896		—
Available for sale		106,789		5		106,784		—
Loans receivable, net		791,219		—		813,530		—
Federal Home Loan Bank stock		5,875		—		5,875		—

Liabilities:
NOW and other demand deposit accounts		438,196		—		433,627		—
Passbook savings and club accounts		180,438		—		176,021		—
Certificates		188,067		—		189,265		—
Advances from Federal Home Loan Bank		105,000		—		113,084		—

			Category Used For Fair Value
December 31, 2015	Carrying Amount		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets:
Cash and cash equivalents	$	87,710	$	87,710	$	—	$	—
Investment securities:
Held to maturity		1,084		—		1,137		—
Available for sale		111,908		42		111,866		—
Loans receivable, net		783,948		—		793,597		—
Federal Home Loan Bank stock		5,864		—		5,864		—

Liabilities:
NOW and other demand deposit accounts		457,486		—		476,186		—
Passbook savings and club accounts		174,640		—		183,352		—
Certificates		179,905		—		180,624		—
Advances from Federal Home Loan Bank		105,000		—		111,315		—