SECURITIES AVAILABLE FOR SALE (Tables)

6 Months Ended

Jun. 30, 2018

Investments, Debt and Equity Securities [Abstract]

Available-for-sale Securities [Table Text Block]

The amortized cost and fair value of securities available for sale, with gross unrealized gains and losses, follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
June 30, 2018
Residential mortgage-backed securities:
Government National Mortgage Association	$	3,130	$	34	$	(61	)	$	3,103
Government-sponsored enterprises		12,787		14		(311	)		12,490
SBA and other asset-backed securities		11,612		41		(196	)		11,457
State and municipal bonds		12,966		96		(140	)		12,922
Government-sponsored enterprise obligations		8,000		--		(285	)		7,715
Corporate bonds		16,159		29		(253	)		15,935
U.S. Treasury bonds		3,629		--		--			3,629
	$	68,283	$	214	$	(1,246	)	$	67,251

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
December 31, 2017
Residential mortgage-backed securities:
Government National Mortgage Association	$	3,358	$	46	$	(53	)	$	3,351
Government-sponsored enterprises		11,690		43		(84	)		11,649
SBA and other asset-backed securities		11,961		89		(87	)		11,963
State and municipal bonds		13,026		276		(15	)		13,287
Government-sponsored enterprise obligations		8,000		--		(166	)		7,834
Corporate bonds		17,166		52		(57	)		17,161
U.S. Treasury bonds		1,241		--		--			1,241
	$	66,442	$	506	$	(462	)	$	66,486

Investments Classified by Contractual Maturity Date [Table Text Block]

The amortized cost and fair value of debt securities by contractual maturity at June 30, 2018 are as follows:

	Amortized Cost		Fair Value
	(In thousands)
Within 1 year	$	4,631	$	4,627
After 1 year to 5 years		21,427		20,977
After 5 years to 10 years		6,682		6,635
After 10 years		8,014		7,962
		40,754		40,201
Mortgage- and asset-backed securities		27,529		27,050
	$	68,283	$	67,251

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]

Information pertaining to securities with gross unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows:

	Less Than Twelve Months					Over Twelve Months
	Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value
	(In thousands)
June 30, 2018
Residential mortgage-backed securities:
Government National Mortgage Association	$	(4	)	$	138	$	(57	)	$	1,659
Government-sponsored enterprises		(168	)		8,175		(143	)		2,952
SBA and other asset-backed securities		(78	)		5,628		(118	)		2,253
State and municipal bonds		(118	)		6,043		(22	)		856
Government-sponsored enterprise obligations		--			--		(285	)		7,715
Corporate bonds		(188	)		11,952		(65	)		956
	$	(556	)	$	31,936	$	(690	)	$	16,391
December 31, 2017
Residential mortgage-backed securities:
Government National Mortgage Association	$	(3	)	$	266	$	(50	)	$	1,611
Government-sponsored enterprises		(13	)		3,578		(71	)		3,110
SBA and other asset-backed securities		(8	)		2,267		(79	)		2,434
State and municipal bonds		(3	)		571		(12	)		871
Government-sponsored enterprise obligations		(27	)		1,973		(139	)		5,860
Corporate bonds		(21	)		7,399		(36	)		1,985
	$	(75	)	$	16,054	$	(387	)	$	15,871