FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2018

Financial Liabilities Fair Value Disclosure [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets and liabilities measured at fair value on a recurring basis at June 30, 2018 and December 31, 2017 are summarized below.

	Level 1		Level 2		Level 3		Total Fair Value
	(In thousands)
June 30, 2018
Assets
Securities available for sale	$	--	$	67,251	$	--	$	67,251
Forward loan sale commitments		--		6		--		6
Derivative loan commitments		--		6		--		6
Total assets	$	--	$	67,263	$	--	$	67,263
December 31, 2017
Assets
Securities available for sale	$	--	$	66,486	$	--	$	66,486

Fair Value Measurements, Nonrecurring [Table Text Block]

The following table summarizes the fair value hierarchy used to determine each adjustment and the carrying value of the related individual assets.

	June 30, 2018						December 31, 2017
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
	(In thousands)
Loans held for sale	$	--	$	--	$	596	$	--	$	--	$	--

Fair Value, by Balance Sheet Grouping [Table Text Block]

Accordingly, the aggregate fair value amounts presented herein may not necessarily represent the underlying fair value of the Company.

			Fair Value
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(In thousands)
June 30, 2018
Financial assets:
Cash and cash equivalents	$	33,405	$	33,405	$	--	$	--	$	33,405
Certificates of deposit		100		100		--		--		100
Securities available for sale		67,251		--		67,251		--		67,251
FHLB stock		5,942		--		--		5,942		5,942
Loans held for sale		596		--		--		596		596
Loans, net		704,491		--		--		698,367		698,367
Accrued interest receivable		2,168		--		--		2,168		2,168
Forward loan sale commitments		6		--		--		6		6
Derivative loan commitments		6		--		--		6		6
Financial liabilities:
Deposits	$	643,186	$	--	$	--		641,663		641,663
Short-term borrowings		30,000		--		30,000		--		30,000
Long-term debt		82,682		--		82,220		--		82,220
Subordinated debt		9,817		--		--		9,644		9,644
Accrued interest payable		425		--		--		425		425
December 31, 2017
Financial assets:
Cash and cash equivalents	$	28,462	$	28,462	$	--	$	--	$	28,462
Certificates of deposit		100		100		--		--		100
Securities available for sale		66,486		--		66,486		--		66,486
FHLB stock		5,937		--		--		5,937		5,937
Loans, net		686,302		--		--		694,614		694,614
Accrued interest receivable		2,140		--		--		2,140		2,140
Financial liabilities:
Deposits	$	616,742		--		--		615,653		615,653
Short-term borrowings		38,000		--		38,000		--		38,000
Long-term debt		77,174		--		76,906		--		76,906
Subordinated debt		9,802		--		--		9,598		9,598
Accrued interest payable		286		--		--		286		286