INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost, gross unrealized gains and losses and fair values of available for sale and held to maturity securities

	September 30, 2014
	Amortized		Gross Unrealized					Fair
	Cost		Gains		Losses			Value
	(In thousands)
Available for sale securities:
U.S. Government and agency obligations
Due from one through five years	$	4,994	$	5	$	(59	)	$	4,940
Due from five through ten years		20,995		15		(174	)		20,836
Due after ten years		7,961		2		(4	)		7,959
		33,950		22		(237	)		33,735
State agency and municipal obligations
Due from five through ten years		9,314		248		(63	)		9,499
Due after ten years		7,244		562		(4	)		7,802
		16,558		810		(67	)		17,301
Corporate bonds
Due in less than one year		1,000		6		-			1,006
Due from one through five years		8,206		338		(9	)		8,535
Due from five through ten years		6,126		-		(70	)		6,056
		15,332		344		(79	)		15,597
Government-sponsored mortgage-backed securities		822		82		-			904
Total available for sale securities	$	66,662	$	1,258	$	(383	)	$	67,537
Held to maturity securities:
U.S. Government and agency obligations Due from one through five years	$	1,013	$	1	$	-		$	1,014
State agency and municipal obligations Due after ten years		9,210		-		-			9,210
Corporate bonds Due from five through ten years		1,000		2		-			1,002
Government-sponsored mortgage-backed securities		279		34		-			313
Total held to maturity securities	$	11,502	$	37	$	-		$	11,539

	December 31, 2013
	Amortized		Gross Unrealized					Fair
	Cost		Gains		Losses			Value
	(In thousands)
Available for sale securities:
U.S. Government and agency obligations
Due from one through five years	$	1,000	$	-	$	(17	)	$	983
Due from five through ten years		4,997		-		(292	)		4,705
		5,997		-		(309	)		5,688
State agency and municipal obligations
Due from five through ten years		3,125		152		-			3,277
Due after ten years		8,480		375		-			8,855
		11,605		527		-			12,132
Corporate bonds
Due from one through five years		9,166		411		(11	)		9,566
Government-sponsored mortgage-backed securities		1,133		78		-			1,211
Total available for sale securities	$	27,901	$	1,016	$	(320	)	$	28,597
Held to maturity securities:
U.S. Government and agency obligations Due from one through five years	$	1,021	$	-	$	(2	)	$	1,019
State agency and municipal obligations Due after ten years		11,461		-		-			11,461
Corporate bonds Due from five through ten years		1,000		-		(27	)		973
Government-sponsored mortgage-backed securities		334		28		-			362
Total held to maturity securities	$	13,816	$	28	$	(29	)	$	13,815

Schedule of fair value and related unrealized losses of temporarily impaired investment securities, aggregated by investment category

	Length of Time in Continuous Unrealized Loss Position
	Less Than 12 Months					12 Months or More					Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
	(In thousands)
September 30, 2014
U.S. Government and agency obligations	$	16,947	$	(54	)	$	5,815	$	(183	)	$	22,762	$	(237	)
State agency & municipal obligations		3,024		(67	)		-		-			3,024		(67	)
Corporate bonds		7,053		(73	)		993		(6	)		8,046		(79	)
Total investment securities	$	27,024	$	(194	)	$	6,808	$	(189	)	$	33,832	$	(383	)
December 31, 2013
U.S. Government and agency obligations	$	5,797	$	(222	)	$	910	$	(89	)	$	6,707	$	(311	)
Corporate bonds		-		-			1,961		(38	)		1,961		(38	)
Total investment securities	$	5,797	$	(222	)	$	2,871	$	(127	)	$	8,668	$	(349	)