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INVESTMENT SECURITIES (Tables)
 3 Months Ended
Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]  
Schedule Of Available For Sale Securities and Held To Maturity Securities [Table Text Block]
At March 31, 2015, 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
 
$
7,050
 
$
23
 
$
-
 
$
7,073
 
U.S. Government agency mortgage-backed securities
 
 
53,220
 
 
1,597
 
 
(44)
 
 
54,773
 
U.S. Government agency collateralized mortgage obligations
 
 
7,147
 
 
121
 
 
(14)
 
 
7,254
 
Obligations of state and municipal subdivisions
 
 
16,651
 
 
434
 
 
-
 
 
17,085
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total available-for-sale securities
 
$
84,068
 
$
2,175
 
$
(58)
 
$
86,185
 
 
 
 
Amortized
 
Gross Unrealized
 
Fair
 
(In thousands)
 
Cost Basis
 
Gains
 
Losses
 
Value
 
Held-to-maturity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government agency mortgage-backed securities
 
$
12,454
 
$
213
 
$
(16)
 
$
12,651
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total held-to-maturity securities
 
$
12,454
 
$
213
 
$
(16)
 
$
12,651
 
 
At December 31, 2014, 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
 
$
5,000
 
$
42
 
$
-
 
$
5,042
 
U.S. Government agency mortgage-backed securities
 
 
51,904
 
 
1,332
 
 
(149)
 
 
53,087
 
U.S. Government agency collateralized mortgage obligations
 
 
12,802
 
 
378
 
 
(1)
 
 
13,179
 
Obligations of state and municipal subdivisions
 
 
5,920
 
 
310
 
 
-
 
 
6,230
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total available-for-sale securities
 
$
75,626
 
$
2,062
 
$
(150)
 
$
77,538
 
 
 
 
Amortized
 
Gross Unrealized
 
Fair
 
(In thousands)
 
Cost Basis
 
Gains
 
Losses
 
Value
 
Held-to-maturity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government agency mortgage-backed securities
 
$
13,441
 
$
212
 
$
(20)
 
$
13,633
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total held-to-maturity securities
 
$
13,441
 
$
212
 
$
(20)
 
$
13,633
 
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 March 31, 2015, and December 31, 2014:
 
At March 31, 2015 (In thousands)
 
Less than 12 Months
 
12 Months or Greater
 
Total
 
 
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
 
U.S. Government agency collateralized mortgage obligations
 
$
5,216
 
$
(14)
 
$
-
 
$
-
 
$
5,216
 
$
(14)
 
U.S. Government agency mortgage-backed securities
 
 
5,357
 
 
(14)
 
 
1,504
 
 
(30)
 
 
6,861
 
 
(44)
 
Total securities in unrealized loss position
 
$
10,573
 
$
(28)
 
$
1,504
 
$
(30)
 
$
12,077
 
$
(58)
 
 
At December 31, 2014  (In thousands)
 
Less than 12 Months
 
12 Months or Greater
 
Total
 
 
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
 
U.S. Government agency collateralized mortgage obligations
 
$
10,804
 
$
(55)
 
$
6,300
 
$
(94)
 
$
17,104
 
$
(149)
 
U.S. Government agency mortgage-backed securities
 
 
1,351
 
 
(1)
 
 
-
 
 
-
 
 
1,351
 
 
(1)
 
Total securities in unrealized loss position
 
$
12,155
 
$
(56)
 
$
6,300
 
$
(94)
 
$
18,455
 
$
(150)
 
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 March 31, 2015 and December 31, 2014, 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 March 31, 2015
 
Amortized Cost
 
Fair Value
 
Amortized Cost
 
Fair Value
 
 
 
(In thousands)
 
U.S. Government agency mortgage-backed securities
 
$
53,220
 
$
54,773
 
$
12,454
 
$
12,651
 
U.S. Government agency collateralized mortgage obligations
 
 
7,147
 
 
7,254
 
 
-
 
 
-
 
Subtotal
 
 
60,367
 
 
62,027
 
 
12,454
 
 
12,651
 
Securities with fixed maturities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Due in one year or less
 
 
-
 
 
-
 
 
-
 
 
-
 
Due after one year through five years
 
 
-
 
 
-
 
 
-
 
 
-
 
Due after five years through ten years
 
 
2,088
 
 
2,251
 
 
-
 
 
-
 
Due after ten years
 
 
21,613
 
 
21,907
 
 
-
 
 
-
 
Subtotal
 
 
23,701
 
 
24,158
 
 
-
 
 
-
 
Total
 
$
84,068
 
$
86,185
 
$
12,454
 
$
12,651
 
 
 
 
Available-for-Sale
 
Held-to-Maturity
 
At December 31, 2014
 
Amortized Cost
 
Fair Value
 
Amortized Cost
 
Fair Value
 
 
 
(In thousands)
 
U.S. Government agency mortgage-backed securities
 
$
51,904
 
$
53,087
 
$
13,441
 
$
13,633
 
U.S. Government agency collateralized mortgage obligations
 
 
12,802
 
 
13,179
 
 
-
 
 
-
 
Subtotal
 
 
64,706
 
 
66,266
 
 
13,441
 
 
13,633
 
Securities with fixed maturities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Due in one year or less
 
 
-
 
 
-
 
 
-
 
 
-
 
Due after one year through five years
 
 
-
 
 
-
 
 
-
 
 
-
 
Due after five years through ten years
 
 
1,898
 
 
2,009
 
 
-
 
 
-
 
Due after ten years
 
 
9,022
 
 
9,263
 
 
-
 
 
-
 
Subtotal
 
 
10,920
 
 
11,272
 
 
-
 
 
-
 
Total
 
$
75,626
 
$
77,538
 
$
13,441
 
$
13,633