FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Measurements

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 September 30, 2016
Assets
Securities available for sale
State and municipal	$	—	$	2,450	$	—	$	2,450
Residential mortgage-backed securities		—		16,431		—		16,431
Total securities available for sale	$	—	$	18,881	$	—	$	18,881
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

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 September 30, 2016
Impaired loans	$	—	$	—	$	79	$	79	$	(7)

							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)

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

	September 30, 2016
	Carrying		Fair Value
	Amount		Level 1		Level 2		Level 3		Total
	(In thousands)
Financial assets:
Cash and cash equivalents	$	9,006	$	9,006	$	—	$	—	$	9,006
Securities available for sale		18,881		—		18,881		—		18,881
Securities held to maturity		2,713		—		2,796		—		2,796
FHLB stock		2,251		2,251		—		—		2,251
BBN stock		60		60		—		—		60
Loans held for sale		204		208		—		—		208
Loans, net		271,798		—		—		273,863		273,863
Accrued interest receivable		785		785		—		—		785
Capitalized mortgage servicing rights		301		—		691		—		691
Financial liabilities:
Deposits	$	240,150	$	—	$	240,818	$	—	$	240,818
Short-term FHLB advances		13,750		13,750		—		—		13,750
Long-term FHLB advances		24,600		—		24,740		—		24,740
Mortgagors’ escrow accounts		1,845		1,845		—		—		1,845
Accrued interest payable		52		52		—		—		52

	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
BBN 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