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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:    
Net income $ 948 $ 1,011
Adjustments to reconcile net income to net cash (used) provided by operating activities:    
Provision for loan losses 200 949
Amortization (accretion) of securities, net 21 (6)
Net change in deferred loan fees and costs (423) (52)
Depreciation and amortization expense 274 265
Decrease in accrued interest receivable 10 150
Income from bank-owned life insurance (101) (99)
Stock-based compensation expense 191 137
Excess tax provision on share-based compensation 1  
Gain on sale of loans (1,436) (403)
Loans originated for sale (62,456) (19,494)
Proceeds from sale of loans 62,055 19,813
Gain on sale of other real estate owned (19)  
Write down of other real estate owned 5 10
Decrease in prepaid FDIC insurance 147 152
Net change in other assets and liabilities 216 (209)
Net cash (used) provided by operating activities (367) 2,224
Activity in securities available for sale:    
Maturities, prepayments and calls 2,181 4,052
Purchases (6,140) (983)
Maturities, prepayments and calls of securities held to maturity 732 885
Redemption of Federal Home Loan Bank stock 250  
Loan originations, net (2,425) 16,507
Principal balance of loans purchased (17,398)  
Principal balance of portfolio loans sold 314  
Proceeds from sale of other real estate owned 94 13
Purchase of premises and equipment (145) (186)
Net cash (used) provided by investing activities (22,537) 20,288
Cash flows from financing activities:    
Net change in deposits 3,354 (378)
Net change in securities sold under agreements to repurchase (573) 82
Net change in Federal Home Loan Bank advances with maturities of three months or less   (3,500)
Repayments of Federal Home Loan Bank advances with maturities greater than three months (1,521) (3,061)
Net change in mortgagors' escrow accounts 304 132
Purchase of vested restricted shares to treasury stock (8) (2)
Excess tax provision on share-based compensation (1)  
Cash received from Georgetown Bancorp, MHC due to reorganization 5  
Net proceeds from issuance of common stock 9,050  
Net cash provided (used) by financing activities 10,610 (6,727)
Net change in cash and cash equivalents (12,294) 15,785
Cash and cash equivalents at beginning of period 19,083 3,298
Cash and cash equivalents at end of period 6,789 19,083
Supplementary information:    
Interest paid on deposit accounts 881 1,485
Interest paid on borrowings 826 940
Income taxes paid 276 705
Loans transferred to other real estate owned $ 253