FAIR VALUE OF ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2015

FAIR VALUE OF ASSETS AND LIABILITIES

Summary 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, 2015
Assets
Securities available for sale
State and municipal	$	—	$	2,470	$	—	$	2,470
Residential mortgage-backed securities		—		16,558		—		16,558
Total securities available for sale	$	—	$	19,028	$	—	$	19,028
At December 31, 2014
Assets
Securities available for sale
State and municipal	$	—	$	2,507	$	—	$	2,507
Residential mortgage-backed securities		—		17,019		—		17,019
Total securities available for sale	$	—	$	19,526	$	—	$	19,526

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, 2015
Impaired loans	$	—	$	—	$	386	$	386	$	(14)

							Assets		Adjustments
	Level 1		Level 2		Level 3		At Fair Value		to Fair Value
	(In thousands)
At December 31, 2014
Impaired loans	$	—	$	—	$	310	$	310	$	(7)

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

	December 31, 2015
	Carrying		Fair Value
	Amount		Level 1		Level 2		Level 3		Total
	(In thousands)
Financial assets:
Cash and cash equivalents	$	7,758	$	7,758	$	—	$	—	$	7,758
Securities available for sale		19,028		—		19,028		—		19,028
Securities held to maturity		3,112		—		3,128		—		3,128
FHLB stock		2,933		2,933		—		—		2,933
Bankers Bank Northeast stock		60		60		—		—		60
Loans, net		253,983		—		—		254,095		254,095
Accrued interest receivable		799		799		—		—		799
Capitalized mortgage servicing rights		519		—		1,100		—		1,100
Financial liabilities:
Deposits	$	207,726	$	—	$	207,894	$	—	$	207,894
Short-term FHLB advances		23,500		23,500		—		—		23,500
Long-term FHLB advances		27,100		—		27,255		—		27,255
Mortgagors’ escrow accounts		1,386		1,386		—		—		1,386
Accrued interest payable		59		59		—		—		59

	December 31, 2014
	Carrying		Fair Value
	Amount		Level 1		Level 2		Level 3		Total
	(In thousands)
Financial assets:
Cash and cash equivalents	$	4,918	$	4,918	$	—	$	—	$	4,918
Securities available for sale		19,526		—		19,526		—		19,526
Securities held to maturity		837		—		916		—		916
FHLB stock		2,907		2,907		—		—		2,907
Loans held for sale		990		1,016		—		—		1,016
Loans, net		231,293		—		—		231,971		231,971
Accrued interest receivable		752		752		—		—		752
Capitalized mortgage servicing rights		834		—		1,335		—		1,335
Financial liabilities:
Deposits	$	182,354	$	—	$	182,799	$	—	$	182,799
Short-term FHLB advances		30,000		30,000		—		—		30,000
Long-term FHLB advances		24,600		—		24,847		—		24,847
Mortgagors’ escrow accounts		1,194		1,194		—		—		1,194
Accrued interest payable		52		52		—		—		52