FAIR VALUE OF ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2012

FAIR VALUE OF ASSETS AND LIABILITIES

Schedule of assets and liabilities measured at fair value on a recurring basis

							Total
							Assets
	Level 1		Level 2		Level 3		at Fair Value
	(In thousands)
At December 31, 2012
Assets
Securities available for sale
Residential mortgage-backed securities	$	—	$	8,184	$	—	$	8,184
At December 31, 2011
Assets
Securities available for sale
Government-sponsored enterprise obligations	$	—	$	503	$	—	$	503
Residential mortgage-backed securities	—		3,671		—		3,671
Total securities available for sale	$	—	$	4,174	$	—	$	4,174

Schedule of assets measured at fair value on a non-recurring basis

							Assets		Adjustments
	Level 1		Level 2		Level 3		at Fair Value		to Fair Value
	(In thousands)
At December 31, 2012
Impaired loans	$	—	$	—	$	2,763	$	2,763	$	(320	)
Other real estate owned	—		—		203		203		(19		)
	$	—	$	—	$	2,966	$	2,966	$	(339	)

							Fair Value		Adjustments
	Level 1		Level 2		Level 3		Adjustments		to Fair Value
	(In thousands)
At December 31, 2011
Impaired loans	$	—	$	—	$	1,028	$	1,028	$	(319	)
Other real estate owned	—		—		30		30		(14		)
	$	—	$	—	$	1,058	$	1,058	$	(333	)

Schedule of estimated fair values and related carrying amounts of the Company's financial instruments

	December 31, 2012
	Carrying		Fair Value
	Amount		Level 1		Level 2		Level 3		Total
	(In thousands)
Financial assets:
Cash and cash equivalents	$	6,789	$	6,789	$	—	$	—	$	6,789
Securities available for sale	8,184		—		8,184		—		8,184
Securities held to maturity	1,594		—		1,731		—		1,731
FHLB stock	2,861		2,861		—		—		2,861
Loans held for sale	2,606		2,642		—		—		2,642
Loans, net	180,599		—		—		193,764		193,764
Accrued interest receivable	617		617		—		—		617
Capitalized mortgage servicing rights	890		—		1,099		—		1,099
Financial liabilities:
Deposits	$	154,439	$	—	$	154,860	$	—	$	154,860
Long-term FHLB advances	23,600		—		24,100		—		24,100
Mortgagors’ escrow accounts	1,034		1,034		—		—		1,034
Accrued interest payable	60		60		—		—		60

	December 31, 2011
	Carrying		Fair Value
	Amount		Level 1		Level 2		Level 3		Total
	(In thousands)
Financial assets:
Cash and cash equivalents	$	19,083	$	19,083	$	—	$	—	$	19,083
Securities available for sale	4,174		—		4,174		—		4,174
Securities held to maturity	2,322		—		2,506		—		2,506
FHLB stock	3,111		3,111		—		—		3,111
Loans held for sale	769		780		—		—		780
Loans, net	161,120		—		—		165,806		165,806
Accrued interest receivable	627		627		—		—		627
Capitalized mortgage servicing rights	458		—		493		—		493
Financial liabilities:
Deposits	$	151,085	$	—	$	151,277	$	—	$	151,277
Securities sold under agreements to repurchase	573		573		—		—		573
Long-term FHLB advances	25,121		—		25,660		—		25,660
Mortgagors’ escrow accounts	730		730		—		—		730
Accrued interest payable	79		79		—		—		79