FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2015

Schedule Of Carrying Amount and Fair Values Of Financial Instruments [Table Text Block]

The following is a summary of the carrying values and estimated fair values of the Company’s significant financial instruments as of March 31, 2015 and December 31, 2014:

		March 31, 2015				December 31, 2014
	Fair Value	Carrying		Fair		Carrying		Fair
(In thousands)	Hierarchy Level	Value		Value		Value		Value

Financial Assets
Cash and cash equivalents	Level 1	$	7,779	$	7,779	$	10,940	$	10,940
Investment securities, available-for-sale	Level 2		86,185		86,185		77,538		77,538
Investment securities, held-to-maturity	Level 2		12,454		12,651		13,441		13,633
Loans held for sale	Level 2		2,209		2,209		1,062		1,062
Loans receivable, net:
Performing	Level 2		362,705		368,526		355,943		359,687
Impaired	Level 3		7,359		7,359		7,316		7,316
Accrued interest receivable	Level 1		1,660		1,660		1,599		1,599
FHLB Stock	Level 3		4,548		4,548		4,548		4,548
Financial Liabilities
Demand deposits, savings, Now and
money market deposits	Level 1		232,717		232,717		228,183		228,183
Time deposits	Level 2		146,267		148,292		145,276		147,385
FHLB advances	Level 2		61,914		62,525		53,762		54,148
Mortgagors' escrow accounts	Level 2		2,224		2,224		4,341		4,341
Accrued interest payable	Level 1		73		73		67		67

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

The following table represents a further breakdown of investment securities and other financial instruments measured at fair value on a recurring basis:

	Fair Value At March 31, 2015
(In thousands)	Level 1		Level 2		Level 3		Total
Assets measured at fair value on a recurring basis:
Available-for-sale investment securities:
U.S. Government and agency obligations	$	-	$	7,073	$	-	$	7,073
U.S. Government agency mortgage-backed obligations		-		54,773		-		54,773
U.S. Government agency collateralized mortgage obligations		-		7,254		-		7,254
Obligations of state and municipal subdivisions		-		17,085		-		17,085

	Fair Value At December 31, 2014
(In thousands)	Level 1		Level 2		Level 3		Total
Assets measured at fair value on a recurring basis:
Available-for-sale investment securities:
U.S. Government and agency obligations	$	-	$	5,042	$	-	$	5,042
U.S. Government agency mortgage-backed obligations		-		53,087		-		53,087
U.S. Government agency collateralized mortgage obligations		-		13,179		-		13,179
Obligations of state and municipal subdivisions		-		6,230		-		6,230

Schedule Of Fair Value On Non Recurring Basis [Table Text Block]

The following table represents assets measured at fair value on a non-recurring basis:

	Fair Value At March 31, 2015
(In thousands)	Level 1		Level 2		Level 3		Total
Assets measured at fair value on a non-recurring basis:
Impaired loans	$	-	$	-	$	7,359	$	7,359
Foreclosed real estate		-		-		100		100

	Fair Value At December 31, 2014
(In thousands)	Level 1		Level 2		Level 3		Total
Assets measured at fair value on a non-recurring basis:
Impaired loans	$	-	$	-	$	7,316	$	7,316
Foreclosed real estate		-		-		335		335