INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

INCOME TAXES

Schedule of allocation of federal and state income taxes between current and deferred portions

	Years Ended
	December 31,
	2015		2014
	(In thousands)
Current tax provision:
Federal	$	1,051	$	697
State		258		183
		1,309		880
Deferred tax benefit:
Federal		(293)		(24)
State		(85)		(6)
		(378)		(30)
Total tax provision	$	931	$	850

Schedule of differences between the statutory federal income tax rate and the effective tax rates

	Years Ended
	December 31,
	2015		2014
Statutory rate	34.0	%	34.0	%
Increase (decrease) resulting from:
State taxes, net of federal tax benefit	4.7		5.0
Bank-owned life insurance	(1.4)		(1.5)
Stock compensation plans	1.5		0.9
Interest income from municipal securities	(0.8)		(0.9)
Other, net	—		(1.0)
Effective tax rates	38.0	%	36.5	%

Schedule of components of net deferred tax asset included in other assets

	At December 31,
	2015		2014
	(In thousands)
Deferred tax assets:
Federal	$	1,320	$	1,195
State		384		347
		1,704		1,542
Deferred tax liabilities:
Federal		(498)		(718)
State		(141)		(189)
		(639)		(907)
Net deferred tax asset	$	1,065	$	635

Schedule of tax effects of each item that gives rise to deferred taxes

	At December 31,
	2015		2014
	(In thousands)
Deferred compensation	$	612	$	556
Net unrealized gain on securities available for sale		(29)		(81)
Depreciation and amortization		(363)		(387)
Allowance for loan losses		964		892
Mortgage servicing rights		(207)		(333)
Other, net		88		(12)
Net deferred tax asset	$	1,065	$	635

Summary of the change in the net deferred tax asset

	Years Ended
	December 31,
	2015		2014
	(In thousands)
Balance at beginning of period	$	635	$	902
Deferred tax benefit		378		30
Deferred tax effects of net unrealized loss (gain) on securities
available for sale		52		(297)
Balance at end of period	$	1,065	$	635