INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Schedule Of Available For Sale Securities and Held To Maturity Securities [Table Text Block]

At September 30, 2013, the composition of the investment portfolio was:

		Amortized	Gross Unrealized					Fair
(In thousands)		Cost Basis		Gains		Losses		Value
Available-for-sale securities:
U.S. Government and agency obligations	$	6,600	$	34	$	-	$	6,634
U.S. Government agency mortgage-backed securities		10,088		411		-		10,499
U.S. Government agency collateralized mortgage obligations		3,895		12		-		3,907
Private label collateralized mortgage obligations		268		1		-		269
Subtotal		20,851		458		-		21,309
Auction-rate trust preferred securities		7,700		-		(1,529)		6,171
Mutual fund - mortgage-backed securities		500		6		-		506
Total available-for-sale securities	$	29,051	$	464	$	(1,529)	$	27,986

		Amortized	Gross Unrealized					Fair
(In thousands)		Cost Basis		Gains		Losses		Value
Held-to-maturity securities:
U.S. Government agency mortgage-backed securities	$	19,257	$	99	$	-	$	19,356
Total held-to-maturity securities	$	19,257	$	99	$	-	$	19,356

At December 31, 2012, the composition of the investment portfolio was:

		Amortized	Gross Unrealized					Fair
(In thousands)		Cost Basis		Gains		Losses		Value
Available-for-sale securities:
U.S. Government and agency obligations	$	1,006	$	23	$	-	$	1,029
U.S. Government agency mortgage-backed securities		13,270		690		-		13,960
U.S. Government agency collateralized mortgage obligations		974		11		-		985
Private label collateralized mortgage obligations		314		-		(20)		294
Subtotal		15,564		724		(20)		16,268
Auction-rate trust preferred securities		7,700		-		(484)		7,216
Total available-for-sale securities	$	23,264	$	724	$	(504)	$	23,484

		Amortized	Gross Unrealized					Fair
(In thousands)		Cost Basis		Gains		Losses		Value
Held-to-maturity securities:
U.S. Government agency mortgage-backed securities	$	25,519	$	588	$	-	$	26,107
Total held-to-maturity securities	$	25,519	$	588	$	-	$	26,107

Schedule of Unrealized Loss on Investments [Table Text Block]

The following is a summary of the fair values and related unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2013, and December 31, 2012:

	At September 30, 2013
	Securities in Continuous Unrealized
	Loss Position 12 or More Consecutive Months
	Number of		Fair Market		Unrealized
(Dollars in thousands)	Securities		Value		Loss
Auction-rate trust preferred securities	5	$	6,171	$	(1,529)
					.
Total securities in unrealized loss position	5	$	6,171	$	(1,529)

	At December 31, 2012
	Securities in Continuous Unrealized
	Loss Position 12 or More Consecutive Months
	Number of		Fair Market		Unrealized
(Dollars in thousands)	Securities		Value		Loss
Private label collateralized mortgage obligations	1	$	294	$	(20)
Auction-rate trust preferred securities	5		7,216		(484)
Total securities in unrealized loss position	6	$	7,510	$	(504)

Schedule Of Amortized Cost and Fair Value Of Securities and Held To Maturity [Table Text Block]

The amortized cost and fair value of securities at September 30, 2013, by expected maturity, are set forth below. Actual maturities of mortgage-backed securities and collateralized mortgage obligations may differ from contractual maturities because the mortgages underlying the securities may be prepaid or called with or without call or prepayment penalties. Because these securities are not due at a single maturity date, the maturity information is not presented.

	Available-for-Sale				Held-to-Maturity
At September 30, 2013		Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(Dollars in thousands)
U.S. Government agency mortgage-backed securities	$	10,088	$	10,499	$	19,257	$	19,356
U.S. Government agency collateralized mortgage obligations		3,895		3,907		-		-
Private label collateralized mortgage obligations		268		269		-		-
Mutual fund - mortgage-backed securities		500		506		-		-
Subtotal		14,751		15,181		19,257		19,356
Securities with Fixed Maturities:
Due in one year or less		6,600		6,634		-		-
Due afer one year through five years		-		-		-		-
Due afer five years through ten years		-		-		-		-
Due after ten years through fifteen years		7,700		6,171		-		-
		14,300		12,805		-		-
Total	$	29,051	$	27,986	$	19,257	$	19,356

	Available-for-Sale				Held-to-Maturity
At December 31, 2012		Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(Dollars in thousands)
U.S. Government agency mortgage-backed securities	$	13,270	$	13,960	$	25,519	$	26,107
U.S. Government agency collateralized mortgage obligations		974		985		-		-
Private label collateralized mortgage obligations		314		294		-		-
Subtotal		14,558		15,239		25,519		26,107
Securities with Fixed Maturities:
Due in one year or less		1,006		1,029		-		-
Due after one year through five years		-		-		-		-
Due after five years through ten years		-		-		-		-
Due after ten years through fifteen years		7,700		7,216		-		-
		8,706		8,245		-		-
Total	$	23,264	$	23,484	$	25,519	$	26,107