Deposits (Tables)

12 Months Ended

Dec. 31, 2012

Deposits [Abstract]

Schedule of deposits in the bank

Deposits in the Bank as of December 31, 2012 and 2011 consisted of the following:

	December 31, 2012					December 31, 2011
Category	Amount		Percent			Amount		Percent
	(dollars in thousands)
NOW accounts	$	32,140		5.36	%	$	16,654		2.55	%
Money market accounts		48,252		8.05	%		43,344		6.64	%
Passbooks		176,799		29.50	%		189,696		29.06	%
Certificates of deposit		318,955		53.21	%		383,103		58.69	%
Non-interest bearing accounts		23,248		3.88	%		19,960		3.06	%
Total deposits	$	599,394		100.00	%	$	652,757		100.00	%

Scheduled of maturities of certificates of deposit

At December 31, 2012 scheduled maturities of certificates of deposit are as follows:

	Amount
	(dollars in thousands)
One year or less	$	151,535
More than 1 year to 2 years		45,830
More than 2 years to 3 years		77,596
More than 3 years to 4 years		16,190
More than 4 years to 5 years		27,804
	$	318,955

Summary of interest expense on deposits

Interest expense on deposits is summarized as follows (dollars in thousands):

	For Years Ended December 31,
	2012		2011		2010
NOW accounts	$	65	$	54	$	52
Money market accounts		189		273		405
Passbooks		856		1,567		2,982
Certificates of deposit		6,431		8,511		10,296
	$	7,541	$	10,405	$	13,735