FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Schedule of changes in asset subject to fair value measurement by Level

(Dollars in Thousands)							Fair
	Level 1		Level 2		Level 3		Value
March 31, 2017
Recurring:
Securities available for sale
U.S. Treasury	$	-	$	1,506	$	-	$	1,506
State and Municipal		-		33,519		-		33,519
Mortgaged-backed		-		56,072		-		56,072
Non-recurring:
Maryland Financial Bank stock		-		-		30		30
Impaired loans		-		-		5,005		5,005
OREO		-		114		-		114
	$	-	$	91,211	$	5,035	$	96,246
December 31, 2016
Recurring:
Securities available for sale
U.S. Treasury	$	-	$	1,507	$	-	$	1,507
State and Municipal		-		33,845		-		33,845
Mortgaged-backed		-		59,255		-		59,255
Non-recurring:
Maryland Financial Bank stock		-		-		30		30
Impaired loans		-		-		2,891		2,891
OREO		-		114		-		114
	$	-	$	94,721	$	2,921	$	97,642

Schedule of estimated fair values of financial instruments

	March 31, 2017				December 31, 2016
(In Thousands)	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Financial assets:
Cash and due from banks	$	6,600	$	6,600	$	6,946	$	6,946
Interest-bearing deposits		6,139		6,139		479		479
Federal funds sold		4,591		4,591		3,197		3,197
Investment securities		91,097		91,097		94,607		94,607
Investments in restricted stock		1,198		1,198		1,200		1,200
Ground rents		159		159		164		164
Loans, net		267,105		265,146		262,574		259,017
Cash Value of life insurance		9,377		9,377		9,328		9,328
Accrued interest receivable		1,115		1,115		1,135		1,135
Financial liabilities:
Deposits		340,574		339,757		333,237		315,418
Long-term borrowings		20,000		20,321		20,000		20,445
Dividends payable		-		-		-		-
Accrued interest payable		31		31		34		34

Schedule of fair value hierarchy of financial instruments

(In Thousands)
	Carrying		Fair
March 31, 2017	Amount		Value		Level 1		Level 2		Level 3
Financial instruments - Assets
Cash and cash equivalents	$	17,330	$	17,330	$	17,330	$	-	$	-
Loans receivable, net		267,105		265,146		-		-		265,146
Cash value of life insurance		9,377		9,377		-		9,377		-
Financial instruments - Liabilities
Deposits		340,574		339,757		236,515		103,242		-
Long-term debt		20,000		20,321		-		20,321		-

Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time in continuous unrealized loss position

Securities available for sale:	Less than 12 months				12 months or more				Total
(Dollars in Thousands)
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Loss		Value		Loss		Value		Loss
State and Municipal	$	16,370	$	500	$	468	$	20	$	16,838	$	520
Mortgage Backed		50,171		893		-		-		50,171		893
	$	66,541	$	1,393	$	468	$	20	$	67,009	$	1,413