FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2016

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, 2016
Assets
Securities available for sale
State and municipal	$	—	$	2,385	$	—	$	2,385
Residential mortgage-backed securities		—		17,387		—		17,387
Total securities available for sale	$	—	$	19,772	$	—	$	19,772
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 December 31, 2016
Impaired loans	$	—	$	—	$	78	$	78	$	(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

	December 31, 2016
	Carrying		Fair Value
	Amount		Level 1		Level 2		Level 3		Total
	(In thousands)
Financial assets:
Cash and cash equivalents	$	6,129	$	6,129	$	—	$	—	$	6,129
Securities available for sale		19,772		—		19,772		—		19,772
Securities held to maturity		2,503		—		2,490		—		2,490
FHLB stock		2,341		2,341		—		—		2,341
BBN stock		60		60		—		—		60
Loans held for sale		271		275		—		—		275
Loans, net		277,371		—		—		275,824		275,824
Accrued interest receivable		816		816		—		—		816
Capitalized mortgage servicing rights		236		—		601		—		601
Financial liabilities:
Deposits	$	240,508	$	—	$	241,264	$	—	$	241,264
Short-term FHLB advances		17,250		17,250		—		—		17,250
Long-term FHLB advances		24,600		—		24,699		—		24,699
Mortgagors’ escrow accounts		1,633		1,633		—		—		1,633
Accrued interest payable		58		58		—		—		58

	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