MERGERS AND ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2014

Business Combinations [Abstract]

Schedule of recognized amounts of identifiable assets acquired and (liabilities) assumed

Consideration paid: (In thousands)	Amount
Cash consideration paid to Wilton shareholders	$	5,035

Recognized amounts of identifiable assets acquired				Fair Value			As Recorded
and (liabilities) assumed: (In thousands)	As Acquired			Adjustments			at Acquisition
Cash	$	35,919		$	-		$	35,919
Held to maturity investments securities		1,022			-			1,022
Loans		27,097			(2,008	)a		25,089
Premises and equipment		4,303			-			4,303
Other real estate owned		1,895			(450	)b		1,445
Core deposit intangibles		-			499	c		499
Deferred tax assets, net		-			1,997	d		1,997
Other assets		587			-			587
Deposits		(64,145	)		(12	)e		(64,157	)
Other liabilities		(336	)		-			(336	)
Total identifiable net assets	$	6,342		$	26		$	6,368
Gain on purchase							$	(1,333	)

Schedule of acquired loan portfolio subject to purchased credit impaired accounting guidance

	November 5,
(In thousands)	2013
Contractually required principal and interest at acquisition	$	14,528
Contractual cash flows not expected to be collected (nonaccretable discount)		(1,412	)
Expected cash flows at acquisition		13,116
Interest component of expected cash flows (accretable discount)		(1,513	)
Fair value of acquired loans	$	11,603