Stewardship Financial (SSFN) 10-K 23 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Mar. 16, 2018	Jun. 30, 2017
Document And Entity Information
Entity Registrant Name	STEWARDSHIP FINANCIAL CORP
Entity Central Index Key	1,023,860
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 73,035
Entity Common Stock, Shares Outstanding		8,674,890
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,017

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Assets
Cash and due from banks	$ 20,558	$ 11,508
Other interest-earning assets	712	172
Cash and cash equivalents	21,270	11,680
Securities available-for-sale	113,015	98,583
Securities held to maturity; estimated fair value of $51,551 (2017) and $51,530 (2016)	52,442	52,330
Federal Home Loan Bank of New York stock, at cost	3,715	3,515
Loans held for sale	370	773
Loans, net of allowance for loan losses of $8,762 (2017) and $7,905 (2016)	702,561	595,952
Premises and equipment, net	6,909	6,566
Accrued interest receivable	2,566	2,133
Other real estate owned, net	0	401
Bank owned life insurance	21,084	16,558
Other assets	4,834	7,044
Total assets	928,766	795,535
Deposits:
Noninterest-bearing	172,861	169,306
Interest-bearing	591,238	489,624
Total deposits	764,099	658,930
Federal Home Loan Bank of New York advances	63,760	59,200
Subordinated Debentures and Subordinated Notes	23,317	23,252
Accrued interest payable	1,116	794
Accrued expenses and other liabilities	2,809	1,972
Total liabilities	855,101	744,148
Shareholders' equity
Common stock, no par value; 20,000,000 and 10,000,000 shares authorized; 8,652,804 and 6,121,329 shares issued and outstanding at December 31, 2017, and 2016, respectively	60,742	41,626
Retained earnings	14,307	11,082
Accumulated other comprehensive loss, net	(1,384)	(1,321)
Total Shareholders' equity	73,665	51,387
Total liabilities and Shareholders' equity	$ 928,766	$ 795,535

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Assets
Securities held to maturity	$ 51,551	$ 51,530
Allowance for loan losses	$ 8,762	$ 7,905
Shareholders' equity
Common stock, shares authorized (in shares)	20,000,000	10,000,000
Common stock, shares issued (in shares)	8,652,804	6,121,329
Common stock, shares outstanding (in shares)	8,652,804	6,121,329

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Interest income:
Loans	$ 28,385	$ 23,724
Securities held to maturity:
Taxable	990	1,107
Nontaxable	197	345
Securities available-for-sale:
Taxable	2,292	1,673
Nontaxable	57	33
FHLB dividends	203	124
Other interest-earning assets	106	79
Total interest income	32,230	27,085
Interest expense:
Deposits	3,189	2,292
FHLB-NY borrowings	1,177	716
Subordinated Debentures and Subordinated Notes	1,492	1,505
Total interest expense	5,858	4,513
Net interest income before provision for loan losses	26,372	22,572
Provision for loan losses	655	(1,350)
Net interest income after provision for loan losses	25,717	23,922
Noninterest income:
Fees and service charges	2,111	2,159
Bank owned life insurance	526	447
Gain on calls and sales of securities, net	1	63
Gain on sales of mortgage loans	178	164
Gain on sale of other real estate owned	13	36
Miscellaneous	478	542
Total noninterest income	3,307	3,411
Noninterest expenses:
Salaries and employee benefits	11,455	10,980
Occupancy, net	1,630	1,598
Equipment	673	609
Data processing	1,811	1,915
Advertising	700	669
FDIC insurance premium	322	317
Charitable contributions	615	375
Bank-card related services	551	579
Other real estate owned, net	24	143
Miscellaneous	2,520	2,717
Total noninterest expenses	20,301	19,902
Income before income tax expense	8,723	7,431
Income tax expense	4,776	2,695
Net income	$ 3,947	$ 4,736
Basic and diluted earnings per common share (in usd per share)	$ 0.50	$ 0.78
Weighted average number of basic and diluted common shares outstanding (in shares)	7,906,791	6,109,983

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Net income	$ 3,947	$ 4,736
Other comprehensive income (loss), net of tax:
Change in unrealized holding gains (losses) on securities available-for-sale during the period	150	(594)
Reclassification adjustment for gains in net income	(1)	(39)
Accretion of unrealized loss on securities reclassified to held to maturity	28	120
Change in fair value of interest rate swap in a cash flow hedging relationship	(17)	37
Total other comprehensive income (loss)	160	(476)
Total comprehensive income	$ 4,107	$ 4,260

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss), Net
Balance beginning at Dec. 31, 2015	$ 47,573	$ 0	$ 41,410	$ 7,008	$ (845)
Balance beginning, shares at Dec. 31, 2015			6,085,528
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared	(672)			(672)
Payment of discount on dividend reinvestment plan	(4)		$ (4)
Common stock issued under dividend reinvestment plan, shares			13,043
Common stock issued under dividend reinvestment plan	81		$ 81
Common stock issued under stock plans, shares			3,717
Common stock issued under stock plans	22		$ 22
Issuance of restricted stock, shares			34,332
Issuance of restricted stock	0		$ 198	(198)
Amortization of restricted stock	181			181
Tax benefit from restricted stock vesting	5		$ 5
Restricted stock forfeited, shares			(15,291)
Restricted stock forfeited	(59)		$ (86)	27
Net income	4,736			4,736
Other comprehensive income (loss)	(476)				(476)
Balance ending at Dec. 31, 2016	$ 51,387	0	$ 41,626	11,082	(1,321)
Balance ending, shares at Dec. 31, 2016	6,121,329		6,121,329
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of costs (in shares)			2,509,090
Issuance of common stock, net of costs	$ 18,860		$ 18,860
Cash dividends declared	(961)			(961)
Payment of discount on dividend reinvestment plan	(5)		$ (5)
Common stock issued under dividend reinvestment plan, shares			10,031
Common stock issued under dividend reinvestment plan	90		$ 90
Common stock issued under stock plans, shares			8,025
Common stock issued under stock plans	77		$ 77
Issuance of restricted stock, shares			20,876
Issuance of restricted stock	0		$ 185	(185)
Amortization of restricted stock	184			184
Tax benefit from restricted stock vesting	48		$ 48
Restricted stock forfeited, shares			(16,547)
Restricted stock forfeited	(122)		$ (139)	17
Net income	3,947			3,947
Other comprehensive income (loss)	160				160
Reclassification due to the adoption of ASU 2018-02	223			223	(223)
Balance ending at Dec. 31, 2017	$ 73,665	$ 0	$ 60,742	$ 14,307	$ (1,384)
Balance ending, shares at Dec. 31, 2017	8,652,804		8,652,804

Consolidated Statements of Cha7

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Statement of Stockholders' Equity [Abstract]
Cash dividends declared on common stock (in usd per share)	$ 0.12	$ 0.11

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net income	$ 3,947	$ 4,736
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	399	380
Amortization of premiums and accretion of discounts, net	533	640
Amortization of restricted stock, net of forfeitures	62	122
Amortization of Subordinated Notes issuance cost	65	66
Accretion of deferred loan fees	145	118
Provision for loan losses	655	(1,350)
Originations of mortgage loans held for sale	(10,316)	(12,307)
Proceeds from sale of mortgage loans	10,897	13,220
Gain on sales of mortgage loans	(178)	(164)
Gain on sales and calls of securities	(1)	(63)
Gain on sale of other real estate owned	(13)	(36)
Deferred income tax expense	1,419	722
Excess tax benefit from restricted stock vesting	48	0
Increase in accrued interest receivable	(433)	(166)
Increase in accrued interest payable	322	3
Earnings on bank owned life insurance	(526)	(447)
Decrease in other assets	686	6
Increase in other liabilities	819	424
Net cash provided by operating activities	8,530	5,904
Cash flows from investing activities:
Purchase of securities available-for-sale	(29,201)	(44,228)
Proceeds from maturities and principal repayments on securities available-for-sale	14,096	14,707
Proceeds from sales and calls on securities available-for-sale	500	22,853
Purchase of securities held to maturity	(8,173)	(35,448)
Proceeds from maturities and principal repayments on securities held to maturity	6,665	11,944
Proceeds from calls on securities held to maturity	1,320	31,955
Purchase of FHLB-NY stock	(11,650)	(2,180)
Sale of FHLB-NY stock	11,450	1,273
Net increase in loans	(107,409)	(77,568)
Proceeds from sale of other real estate owned	414	896
Purchase of bank owned life insurance	(4,000)	(2,000)
Additions to premises and equipment	(742)	(147)
Net cash used in investing activities	(126,730)	(77,943)
Cash flows from financing activities:
Net increase in noninterest-bearing deposits	3,555	21,478
Net increase in interest-bearing deposits	101,614	32,699
Increase in long term borrowings	25,000	18,000
Decrease in long term borrowings	(15,000)	(10,000)
Net increase (decrease) in short term borrowings	(5,440)	11,200
Proceeds from issuance of common stock, net of costs	18,860	0
Cash dividends paid on common stock	(961)	(672)
Payment of discount on dividend reinvestment plan	(5)	(4)
Issuance of common stock	167	103
Excess tax benefit from restricted stock vesting	0	5
Net cash provided by financing activities	127,790	72,809
Net increase in cash and cash equivalents	9,590	770
Cash and cash equivalents - beginning	11,680	10,910
Cash and cash equivalents - ending	21,270	11,680
Supplemental disclosures of cash flow information:
Cash paid during the year for interest	5,536	4,510
Cash paid during the year for income taxes	2,322	1,589
Transfers from loans to other real estate owned	$ 0	$ 404

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Nature of operations and principles of consolidation The consolidated financial statements include the accounts of Stewardship Financial Corporation and its wholly owned subsidiary, Atlantic Stewardship Bank (“the Bank”), together referred to as “the Corporation”. The Bank includes its wholly-owned subsidiaries, Stewardship Investment Corporation (whose primary business is to own and manage an investment portfolio), Stewardship Realty LLC (whose primary business is to own and manage property at 612 Godwin Avenue, Midland Park, New Jersey), Atlantic Stewardship Insurance Company, LLC (whose primary business is insurance) and several other subsidiaries formed to hold title to properties acquired through foreclosure or deed in lieu of foreclosure. The Bank’s subsidiaries have an insignificant impact on the daily operations. All intercompany accounts and transactions are eliminated in the consolidated financial statements. Certain prior period amounts have been reclassified to conform with the current year presentation. The Corporation provides financial services through the Bank’s offices in Bergen, Passaic, and Morris Counties, New Jersey. Its primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are commercial, residential mortgage and installment loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets, and commercial and residential real estate. Commercial loans are expected to be repaid from cash flow generated from the operations of businesses. There are no significant concentrations of loans to any one industry or customer. The Corporation’s lending activities are concentrated in loans secured by real estate located in northern New Jersey and, therefore, collectability of the loan portfolio is susceptible to changes in real estate market conditions in the northern New Jersey market. The Corporation has not made loans to borrowers outside the United States. Basis of consolidated financial statements presentation The consolidated financial statements of the Corporation have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”). In preparing the financial statements, management is required to make estimates and assumptions, based on available information, that affect the amounts reported in the financial statements and the disclosures provided. The estimate of the allowance for loan losses and the valuation of deferred tax assets are particularly critical because they involve a higher degree of complexity and subjectivity and require estimates and assumptions about highly uncertain matters. Actual results may differ from those estimates and assumptions. The current economic environment has increased the degree of uncertainty inherent in these material estimates. Cash flows Cash and cash equivalents include cash and deposits with other financial institutions and interest-bearing deposits in other banks with original maturities under 90 days. Net cash flows are reported for customer loan and deposit transactions, and short term borrowings and securities sold under agreement to repurchase. Securities available-for-sale and held to maturity The Corporation classifies its securities as held to maturity or available-for-sale. Investments in debt securities that the Corporation has the positive intent and ability to hold to maturity are classified as securities held to maturity and are carried at amortized cost. All other securities are classified as securities available-for-sale. Securities available-for-sale may be sold prior to maturity in response to changes in interest rates or prepayment risk, for asset/liability management purposes, or other similar factors. These securities are carried at fair value with unrealized holding gains or losses reported in a separate component of shareholders’ equity, net of the related tax effects. Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: (1) OTTI related to credit loss, which must be recognized in the income statement and (2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of impairment is recognized through earnings. Federal Home Loan Bank (“FHLB”) Stock The Bank is a member of the FHLB system. Members are required to own a certain amount of FHLB stock based on their level of borrowings and other factors. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on the ultimate recovery of par value. Cash dividends are reported as income. Loans held for sale Loans held for sale generally represent mortgage loans originated and intended for sale in the secondary market, which are carried at the lower of cost or fair value on an aggregate basis. Mortgage loans held for sale are carried net of deferred fees, which are recognized as income at the time the loans are sold to permanent investors. Gains or losses on the sale of mortgage loans held for sale are recognized at the settlement date and are determined by the difference between the net proceeds and the carrying value. All loans are generally sold with loan servicing rights released to the buyer. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal amount outstanding, net of deferred loan fees and costs and an allowance for loan losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. The recorded investment in loans represents the outstanding principal balance after charge-offs and does not include accrued interest receivable as the inclusion is not significant to the reported amounts. Interest income on loans is discontinued at the time the loan is 90 days delinquent unless the loan is well secured and in process of collection. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or are charged-off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to an accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Allowance for loan losses The allowance for loan losses is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when management believes the collectability of the full loan balance is in doubt. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged-off. The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired. A loan is considered impaired when, based on current information and events, it is probable that the Corporation will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Loans for which the terms have been modified and for which the borrower is experiencing financial difficulties are considered troubled debt restructuring and classified as impaired. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the fair value of the note, or the fair value of the collateral if the loan is collateral-dependent. Large groups of smaller balance homogeneous loans, such as consumer and residential real estate loans are collectively evaluated for impairment and, accordingly, they are not separately identified for impairment disclosures. Troubled debt restructurings are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring is considered to be a collateral dependent loan, the loan is reported, net, at the lower of the recorded investment or fair value of the collateral. For troubled debt restructurings that subsequently default, the Corporation determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. The general component of the allowance is based on historical loss experience, including an appropriate loss emergence period, adjusted for qualitative factors. The historical loss experience is determined for each portfolio segment and class, and is based on the actual loss history experienced by the Corporation over the most recent five years. The Bank prepares an analysis for each portfolio segment, which examines the historical loss experience as well as the loss emergence period. The analysis is updated quarterly for the purpose of determining the assigned allocation factors which are essential components of the allowance for loan losses calculation. This actual loss experience is supplemented with other qualitative factors based on the risks present for each portfolio segment or class. These qualitative factors include consideration of the following: levels of and trends in charge-offs; levels of and trends in delinquencies and impaired loans; levels and trends in loan size; levels of real estate concentrations; national and local economic trends and conditions; the depth and experience of lending management and staff; and other changes in lending policies, procedures, and practices. For purposes of determining the allowance for loan losses, loans in the portfolio are segregated by type into the following segments: commercial, commercial real estate, construction, residential real estate, consumer and other. The Corporation also sub-divides these segments into classes based on the associated risks within those segments. Commercial loans are divided into the following two classes: secured by real estate and other. Construction loans are divided into the following two classes: commercial and residential. Consumer loans are divided into two classes: secured by real estate and other. The models and assumptions used to determine the allowance require management’s judgment. Assumptions, data and computations are appropriately reviewed and properly documented. The risk characteristics of each of the identified portfolio segments are as follows: Commercial – Commercial loans are generally of higher risk and typically are made on the basis of the borrower’s ability to make repayment from the cash flow of the borrower’s business. As a result, the availability of funds for the repayment of commercial loans may depend substantially on the success of the business itself. Furthermore, any collateral securing such loans may depreciate over time, may be difficult to appraise and may fluctuate in value. Commercial Real Estate – Commercial real estate loans are secured by multi-family and nonresidential real estate and generally have larger balances and generally are considered to involve a greater degree of risk than residential real estate loans. Commercial real estate loans depend on the global cash flow analysis of the borrower and the net operating income of the property, the borrower’s expertise, credit history and profitability, and the value of the underlying property. Of primary concern in commercial real estate lending is the borrower’s creditworthiness and the cash flow from the property. Payments on loans secured by income producing properties often depend on successful operation and management of the properties. As a result, repayment of such loans may be subject, to a greater extent than residential real estate loans, to adverse conditions in the real estate market or the economy. Commercial real estate is also subject to adverse market conditions that cause a decrease in market value or lease rates, obsolescence in location or function and market conditions associated with oversupply of units in a specific region. Construction – Construction financing is generally considered to involve a higher degree of risk of loss than long-term financing on improved, occupied real estate. Risk of loss on a construction loan depends largely upon the accuracy of the initial estimate of the property’s value at completion of construction and the estimated cost of construction. During the construction phase, a number of factors could result in delays and cost overruns. If the estimate of construction costs proves to be inaccurate, additional funds may be required to be advanced in excess of the amount originally committed to permit completion of the building. If the estimate of value proves to be inaccurate, the value of the building may be insufficient to assure full repayment if liquidation is required. If foreclosure is required on a building before or at completion due to a default, there can be no assurance that all of the unpaid balance of, and accrued interest on, the loan as well as related foreclosure and holding costs will be recovered. Residential Real Estate – Residential real estate loans are generally made on the basis of the borrower’s ability to make repayment from his or her employment income or other income, and which are secured by real property whose value tends to be more easily ascertainable. Repayment of residential real estate loans is subject to adverse employment conditions in the local economy leading to increased default rate and decreased market values from oversupply in a geographic area. In general, residential real estate loans depend on the borrower’s continuing financial stability and, therefore, are likely to be adversely affected by various factors, including job loss, divorce, illness or personal bankruptcy. Furthermore, the application of various federal and state laws, including federal and state bankruptcy and insolvency laws, may limit the amount that can be recovered on such loans. Consumer loans – Consumer loans secured by real estate may entail greater risk than residential mortgage loans due to a lower lien position. In addition, other consumer loans, particularly loans secured by assets that depreciate rapidly, such as motor vehicles, are subject to greater risk. In all cases, collateral for a defaulted consumer loan may not provide an adequate source of repayment for the outstanding loan and a small remaining deficiency often does not warrant further substantial collection efforts against the borrower. Consumer loan collections depend on the borrower’s continuing financial stability and, therefore, are likely to be adversely affected by various factors, including job loss, divorce, illness or personal bankruptcy. Furthermore, the application of various federal and state laws, including federal and state bankruptcy and insolvency laws, may limit the amount that can be recovered on such loans. Generally, when it is probable that some portion or all of a loan balance will not be collected, regardless of portfolio segment, that amount is charged-off as a loss against the allowance for loan losses. On loans secured by real estate, the charge-offs reflect partial writedowns due to the initial valuation of market values of the underlying real estate collateral in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 310-40. Consumer loans are generally charged-off in full when they reach 90 – 120 days past due. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Corporation, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Corporation does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Premises and equipment Land is stated at cost. Buildings and improvements and furniture, fixtures and equipment are stated at cost, less accumulated depreciation computed on the straight-line method over the estimated lives of each type of asset. Estimated useful lives are three to forty years for buildings and improvements and three to twenty-five years for furniture, fixtures and equipment. Leasehold improvements are stated at cost less accumulated amortization computed on the straight-line method over the shorter of the term of the lease or useful life. Long-Term Assets Premises and equipment and other long-term assets are reviewed for impairment when events indicate their carrying amount may not be recovered from future undiscounted cash flows. If impaired, the assets are recorded at fair value. Other Real Estate Owned Other real estate owned (OREO) consists of property acquired through foreclosure or deed in lieu of foreclosure and property that is in-substance foreclosed. OREO is initially recorded at the lower of cost or fair value less estimated selling costs. When a property is acquired, the excess of the carrying amount over fair value, if any, is charged to the allowance for loan losses. Subsequent adjustments to the carrying value are recorded in an allowance for OREO and charged to OREO expense. Bank owned life insurance The Corporation has purchased life insurance policies on certain key officers. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Dividend Reinvestment Plan The Corporation offers shareholders the opportunity to participate in a dividend reinvestment plan. Plan participants may reinvest cash dividends to purchase new shares of stock at 95% of the market value, based on the most recent trades. Cash dividends due to the plan participants are utilized to acquire shares from either, or a combination of, the issuance of authorized shares or purchases of shares in the open market through an approved broker. The Corporation reimburses the broker for the 5% discount when the purchase of the Corporation’s stock is completed. The plan is considered to be non-compensatory. Stock-based compensation Stock-based compensation cost is based on the fair value of the awards at the date of grant. The fair value of restricted stock awards is based upon the average of the high and low sale price reported for the Corporation’s common stock on the date of grant. Compensation cost is recognized for restricted stock over the required service period, generally defined as the vesting period. Income taxes The Corporation records income taxes in accordance with ASC 740, Income Taxes, as amended, using the asset and liability method. Accordingly, deferred tax assets and liabilities: (i) are recognized for the expected future tax consequences of events that have been recognized in the financial statements or tax returns; (ii) are attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases; and (iii) are measured using enacted tax rates expected to apply in the years when those temporary differences are expected to be recovered or settled. Where applicable, deferred tax assets are reduced by a valuation allowance for any portions determined not likely to be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income tax expense in the period of enactment. The valuation allowance is adjusted, by a charge or credit to income tax expense, as changes in facts and circumstances warrant. Deferred tax assets and liabilities are reported as a component of other assets on the consolidated statements of financial condition. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Corporation recognizes interest and/or penalties related to income tax matters in income tax expense. Comprehensive income Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income includes unrealized gains and losses on securities available-for-sale, accretion of losses related to securities transferred from available-for-sale to held to maturity, and unrealized gains or losses on cash flow hedges, net of tax, which are also recognized as separate components of equity. Earnings per common share Basic earnings per common share is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Common stock equivalents are not included in the calculation. Diluted earnings per share is computed similar to that of the basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if all potential dilutive common shares were issued. Loan Commitments and Related Financial Instruments Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Loss contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there are such matters that will have a material effect on the financial statements. Dividend restriction Banking regulations require maintaining certain capital levels and may limit the dividends paid by the Bank to the Corporation or by the Corporation to its shareholders. The Corporation's ability to pay cash dividends is based, among other things, on its ability to receive cash from the Bank. Banking regulations limit the amount of dividends that may be paid without prior approval of regulatory agencies. Under these regulations, the amount of dividends that may be paid in any calendar year is limited to the current year's profits, combined with the retained net profits of the preceding two years. At December 31, 2017 the Bank could have paid dividends totaling approximately $10.4 million . At December 31, 2017 , this restriction did not result in any effective limitation in the manner in which the Corporation is currently operating. Derivatives Derivative financial instruments are recognized as assets or liabilities at fair value. The Corporation’s only free standing derivative consists of an interest rate swap agreement, which is used as part of its asset liability management strategy to help manage interest rate risk related to its Subordinated Debentures. The Corporation does not use derivatives for trading purposes. The Corporation designated the interest rate swap as a cash flow hedge, which is a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge, the change in the fair value on the derivative is reported in other comprehensive income (loss) and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. Net cash settlements on this interest rate swap that qualify for hedge accounting are recorded in interest expense. Changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. The Corporation formally documented the risk-management objective and the strategy for undertaking the hedge transaction at the inception of the hedging relationship. This documentation includes linking the fair value of the cash flow hedge to the Subordinated Debentures on the balance sheet. The Corporation formally assessed, both at the hedge’s inception and on an ongoing basis, whether the interest rate swap is highly effective in offsetting changes in cash flows of the Subordinated Debentures. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that would be accumulated in other comprehensive income are amortized into earnings over the same periods in which the hedged transactions will affect earnings. Fair value of financial instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates. Adoption of New Accounting Standards In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, "Revenue from Contracts with Customers (Topic 606)". The objective of this amendment is to clarify the principles for recognizing revenue and to develop a common revenue standard for U.S. GAAP and IFRS. This update affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are in the scope of other standards. The ASU is effective for public business entities for financial statements issued for fiscal years beginning after December 15, 2017, and early adoption is permitted. Subsequently, the FASB issued the following standards related to ASU 2014-09: ASU 2016-08, “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations;” ASU 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing;” ASU 2016-11, “Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting;” and ASU 2016-12, “Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients.” These amendments are intended to improve and clarify the implementation guidance of ASU 2014-09 and have the same effective date as the original standard. The Corporation’s implementation efforts include the identification of revenue within the scope of the guidance, as well as the evaluation of revenue contracts and the respective performance obligations within those contracts. As the guidance does not apply to revenue associated with financial instruments, including loans and securities that are accounted for under other GAAP, the new revenue recognition standard does not have a material change related to the timing or amount of revenue recognition. The Corporation has completed its evaluation and will adopt the guidance in the first quarter of 2018. In January 2016, the FASB issued ASU No. 2016-01, "Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Liabilities." This ASU addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. This amendment supersedes the guidance to classify equity securities with readily determinable fair values into different categories, requires equity securities to be measured at fair value with changes in the fair value recognized through net income, and simplifies the impairment assessment of equity investments without readily determinable fair values. The amendment requires public business entities that are required to disclose the fair value of financial instruments measured at amortized cost on the balance sheet to measure that fair value using the exit price notion. The amendment requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option. The amendment requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or in the accompanying notes to the financial statements. The amendment reduces diversity in current practice by clarifying that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available for sale securities in combination with the entity’s other deferred tax assets. This amendment is effective for fiscal years, including interim periods, beginning after December 15, 2017. Entities should apply the amendment by means of a cumulative-effect adjustment as of the beginning of the fiscal year of adoption, with the exception of the amendment related to equity securities without readily determinable fair values, which should be applied prospectively to equity investments that exist as of the date of adoption. The Corporation's adoption of the

SECURITIES - AVAILABLE-FOR-SALE

SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY	12 Months Ended
	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY	SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY The fair value of the available-for-sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows: December 31, 2017 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) U.S. government-sponsored agencies $ 21,699 $ 30 $ 396 $ 21,333 Obligations of state and political subdivisions 3,221 — 56 3,165 Mortgage-backed securities 64,775 70 1,011 63,834 Asset-backed securities (a) 6,672 30 4 6,698 Corporate debt 14,437 94 302 14,229 Total debt securities 110,804 224 1,769 109,259 Other equity investments 3,982 — 226 3,756 Total $ 114,786 $ 224 $ 1,995 $ 113,015 December 31, 2016 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) U.S. government-sponsored agencies $ 17,789 $ 61 $ 405 $ 17,445 Obligations of state and political subdivisions 3,238 — 142 3,096 Mortgage-backed securities 52,785 150 889 52,046 Asset-backed securities (a) 8,392 — 125 8,267 Corporate debt 14,504 50 517 14,037 Total debt securities 96,708 261 2,078 94,891 Other equity investments 3,886 — 194 3,692 Total $ 100,594 $ 261 $ 2,272 $ 98,583 (a) Collateralized by student loans. Cash proceeds realized from sales and calls of securities available-for-sale for the years ended December 31, 2017 and 2016 were $500,000 and $22,853,000 , respectively. There were gross gains totaling $1,000 and no gross losses realized on sales or calls during the year ended December 31, 2017 . There were gross gains totaling $12,000 and no gross losses realized on sales or calls during the year ended December 31, 2016 . The fair value of available-for-sale securities pledged to secure public deposits for the years ended December 31, 2017 and 2016 was $990,000 . See also Note 7 to the consolidated financial statements regarding securities pledged as collateral for Federal Home Loan Bank of New York advances. The following is a summary of the held to maturity securities and related gross unrealized gains and losses: December 31, 2017 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Treasury $ 999 $ — $ 11 $ 988 U.S. government-sponsored agencies 27,075 4 760 26,319 Obligations of state and political subdivisions 4,057 21 23 4,055 Mortgage-backed securities 20,311 76 198 20,189 Total $ 52,442 $ 101 $ 992 $ 51,551 December 31, 2016 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Treasury $ 999 $ — $ 4 $ 995 U.S. government-sponsored agencies 19,162 28 865 18,325 Obligations of state and political subdivisions 7,102 75 30 7,147 Mortgage-backed securities 25,067 163 167 25,063 Total $ 52,330 $ 266 $ 1,066 $ 51,530 Cash proceeds realized from calls of securities held to maturity for the year ended December 31, 2017 and 2016 were $1,320,000 and $31,955,000 , respectively. There were no gross gains and no gross losses realized from calls during the year ended December 31, 2017 . There were gross gains totaling $51,000 and no gross losses realized from calls for the year ended December 31, 2016 . The fair value of held to maturity securities pledged to secure public deposits for the years ended December 31, 2017 and 2016 was $789,000 and $450,000 , respectively. See also Note 7 to the consolidated financial statements regarding securities pledged as collateral for Federal Home Loan Bank of New York advances. Issuers may have the right to call or prepay obligations with or without call or prepayment penalties. This might cause actual maturities to differ from the contractual maturities. Mortgage-backed securities are a type of asset-backed security secured by a mortgage or collection of mortgages, purchased by government agencies such as the Government National Mortgage Association and government sponsored agencies such as the Federal National Mortgage Association ("FNMA") and the Federal Home Loan Mortgage Corporation, which then issue securities that represent claims on the principal and interest payments made by borrowers on the loans in the pool. At year end 2017 and 2016 , the Corporation had no holdings of securities of any one issuer other than the U.S. government and its agencies in an amount greater than 10% of shareholders' equity. The following table presents the amortized cost and fair value of the debt securities portfolio by contractual maturity. As issuers may have the right to call or prepay obligations with or without call or prepayment premiums, the actual maturities may differ from contractual maturities. Securities not due at a single maturity date, such as mortgage-backed securities and asset-backed securities, are shown separately. December 31, 2017 Amortized Cost Fair Value (In thousands) Available-for-sale Within one year $ 1,000 $ 999 After one year, but within five years 9,933 9,837 After five years, but within ten years 23,270 22,899 After ten years 5,154 4,992 Mortgage-backed securities 64,775 63,834 Asset-backed securities 6,672 6,698 Total $ 110,804 $ 109,259 Held to maturity Within one year $ 1,410 $ 1,413 After one year, but within five years 8,987 8,935 After five years, but within ten years 21,237 20,540 After ten years 497 474 Mortgage-backed securities 20,311 20,189 Total $ 52,442 $ 51,551 The following tables summarize the fair value and unrealized losses of those investment securities which reported an unrealized loss at December 31, 2017 and 2016 , and if the unrealized loss position was continuous for the twelve months prior to December 31, 2017 and 2016 . Available-for-Sale December 31, 2017 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. government- sponsored agencies $ 8,260 $ (70 ) $ 11,174 $ (326 ) $ 19,434 $ (396 ) Obligations of state and political subdivisions 1,384 (7 ) 1,781 (49 ) 3,165 (56 ) Mortgage-backed securities 30,575 (201 ) 26,809 (810 ) 57,384 (1,011 ) Asset-backed securities — — 3,013 (4 ) 3,013 (4 ) Corporate debt — — 9,135 (302 ) 9,135 (302 ) Other equity investments — — 3,696 (226 ) 3,696 (226 ) Total temporarily impaired securities $ 40,219 $ (278 ) $ 55,608 $ (1,717 ) $ 95,827 $ (1,995 ) December 31, 2016 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. government- sponsored agencies $ 10,548 $ (260 ) $ 3,402 $ (145 ) $ 13,950 $ (405 ) Obligations of state and political subdivisions 3,095 (142 ) — — 3,095 (142 ) Mortgage-backed securities 35,009 (779 ) 3,360 (110 ) 38,369 (889 ) Asset-backed securities — — 8,267 (125 ) 8,267 (125 ) Corporate debt 8,031 (473 ) 956 (44 ) 8,987 (517 ) Other equity investments — — 3,632 (194 ) 3,632 (194 ) Total temporarily impaired securities $ 56,683 $ (1,654 ) $ 19,617 $ (618 ) $ 76,300 $ (2,272 ) Held to Maturity December 31, 2017 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. Treasury $ 988 $ (11 ) $ — $ — $ 988 $ (11 ) U.S. government- sponsored agencies 10,032 (139 ) 15,265 (621 ) 25,297 (760 ) Obligations of state and political subdivisions — — 474 (23 ) 474 (23 ) Mortgage-backed securities 9,531 (114 ) 3,896 (84 ) 13,427 (198 ) Total temporarily impaired securities $ 20,551 $ (264 ) $ 19,635 $ (728 ) $ 40,186 $ (992 ) December 31, 2016 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. Treasury $ 995 $ (4 ) $ — $ — $ 995 $ (4 ) U.S. government- sponsored agencies 17,022 (865 ) — — 17,022 (865 ) Obligations of state and political subdivisions 476 (30 ) — — 476 (30 ) Mortgage-backed securities 12,901 (167 ) — — 12,901 (167 ) Total temporarily impaired securities $ 31,394 $ (1,066 ) $ — $ — $ 31,394 $ (1,066 ) Other-Than-Temporary-Impairment At December 31, 2017 , there were available-for-sale investments comprising thirteen U.S. government-sponsored agency securities, four obligations of state and political subdivision securities, forty-one mortgage-backed securities, one asset-backed security, nine corporate debt securities, and one other equity investments security in a continuous loss position for twelve months or longer. At December 31, 2017, there were held to maturity investments comprising fifteen U.S. government-sponsored agency securities, one obligation of state and political subdivision security, and nine mortgage-backed securities in a continuous loss position for twelve months or longer. Management has assessed the securities that were in an unrealized loss position at December 31, 2017 and 2016 and determined that any decline in fair value below amortized cost primarily relate to changes in interest rates and market spreads and was temporary. In making this determination management considered the following factors: the period of time the securities were in an unrealized loss position; the percentage decline in comparison to the securities’ amortized cost; any adverse conditions specifically related to the security, an industry or a geographic area; the rating or changes to the rating by a credit rating agency; the financial condition of the issuer and guarantor and any recoveries or additional declines in fair value subsequent to the balance sheet date. Management does not intend to sell securities in an unrealized loss position and it is not more likely than not that the Corporation will be required to sell these securities before the recovery of their amortized cost bases, which may be at maturity.

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
LOANS AND ALLOWANCE FOR LOAN LOSSES	LOANS AND ALLOWANCE FOR LOAN LOSSES At December 31, 2017 and 2016 , respectively, the loan portfolio consisted of the following: December 31, 2017 2016 (In thousands) Commercial: Secured by real estate $ 31,684 $ 34,213 Other 57,372 47,852 Commercial real estate 493,542 382,551 Commercial construction 2,152 14,943 Residential real estate 85,760 84,321 Consumer: Secured by real estate 32,207 30,176 Other 563 244 Government Guaranteed Loans - guaranteed portion 8,334 9,732 Other 106 51 Total gross loans 711,720 604,083 Less: Deferred loan costs, net 397 226 Allowance for loan losses 8,762 7,905 9,159 8,131 Loans, net $ 702,561 $ 595,952 The Corporation purchased the guaranteed portion of several Government Guaranteed loans. Due to the guarantee of the principal amount of these loans, no allowance for loan losses is established for these loans. The Corporation has entered into lending transactions with directors, executive officers and principal shareholders of the Corporation and their affiliates. At December 31, 2017 and 2016 , these loans aggregated approximately $3,248,000 and $2,935,000 , respectively. Included in the December 31, 2016 balance is one existing loan to an affiliate of a new director in the amount of $425,000 . During the year ended December 31, 2017 , new loans totaling $2,319,000 were granted and repayments totaled approximately $2,006,000 . The loans, at December 31, 2017 and 2016, were current as to principal and interest payments. Activity in the allowance for loan losses is summarized as follows: Year Ended December 31, 2017 Balance beginning of period Provision charged to operations Loans charged-off Recoveries of loans charged-off Balance end of period (In thousands) Commercial $ 2,663 $ 301 $ (3 ) $ 97 $ 3,058 Commercial real estate 4,734 697 — 100 5,531 Commercial construction 355 (322 ) — — 33 Residential real estate 66 2 — — 68 Consumer 75 (19 ) — 8 64 Other — 1 (1 ) 1 1 Unallocated 12 (5 ) — — 7 Balance, ending $ 7,905 $ 655 $ (4 ) $ 206 $ 8,762 Year Ended December 31, 2016 Balance beginning of period Provision charged to operations Loans charged-off Recoveries of loans charged-off Balance end of period (In thousands) Commercial $ 3,698 $ (1,409 ) $ (72 ) $ 446 $ 2,663 Commercial real estate 4,660 8 (96 ) 162 4,734 Commercial construction 114 241 — — 355 Residential real estate 109 (43 ) — — 66 Consumer 118 (37 ) (11 ) 5 75 Other 3 (1 ) (3 ) 1 — Unallocated 121 (109 ) — — 12 Balance, ending $ 8,823 $ (1,350 ) $ (182 ) $ 614 $ 7,905 The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method as of December 31, 2017 and 2016 : December 31, 2017 Commercial Commercial Real Estate Commercial Construction Residential Real Estate Consumer Government Guaranteed Other Loans Unallocated Total (In thousands) Allowance for loan losses: Ending allowance balance attributable to loans Individually evaluated for impairment $ 34 $ 575 $ — $ — $ — $ — $ — $ — $ 609 Collectively evaluated for impairment 3,024 4,956 33 68 64 — 1 7 8,153 Total ending allowance balance $ 3,058 $ 5,531 $ 33 $ 68 $ 64 $ — $ 1 $ 7 $ 8,762 Loans: Loans individually evaluated for impairment $ 549 $ 6,236 $ — $ 295 $ 62 $ — $ — $ — $ 7,142 Loans collectively evaluated for impairment 88,507 487,306 2,152 85,465 32,708 8,334 106 — 704,578 Total ending loan balance $ 89,056 $ 493,542 $ 2,152 $ 85,760 $ 32,770 $ 8,334 $ 106 $ — $ 711,720 December 31, 2016 Commercial Commercial Real Estate Commercial Construction Residential Real Estate Consumer Government Guaranteed Other Loans Unallocated Total (In thousands) Allowance for loan losses: Ending allowance balance attributable to loans Individually evaluated for impairment $ 9 $ 601 $ — $ — $ — $ — $ — $ — $ 610 Collectively evaluated for impairment 2,654 4,133 355 66 75 — — 12 7,295 Total ending allowance balance $ 2,663 $ 4,734 $ 355 $ 66 $ 75 $ — $ — $ 12 $ 7,905 Loans: Loans individually evaluated for impairment $ 1,698 $ 6,331 $ — $ — $ 78 $ — $ — $ — $ 8,107 Loans collectively evaluated for impairment 80,367 376,220 14,943 84,321 30,342 9,732 51 — 595,976 Total ending loan balance $ 82,065 $ 382,551 $ 14,943 $ 84,321 $ 30,420 $ 9,732 $ 51 $ — $ 604,083 The following table presents the recorded investment in nonaccrual loans at the dates indicated: December 31, 2017 2016 (In thousands) Commercial: Secured by real estate $ 136 $ — Commercial real estate 701 528 Residential real estate 295 — Consumer: Secured by real estate 62 78 Total nonaccrual loans $ 1,194 $ 606 At December 31, 2017 and 2016 there were no loans that were past due 90 days and still accruing. The following table presents loans individually evaluated for impairment by class of loans at and for the periods indicated: At And For The Year Ended December 31, 2017 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized (In thousands) With no related allowance recorded: Commercial: Secured by real estate $ 389 $ 389 $ 964 $ 70 Commercial real estate 3,442 3,124 3,148 121 Residential real estate 295 295 59 — Consumer: Secured by real estate 71 62 70 — With an allowance recorded: Commercial: Secured by real estate 33 32 $ 27 45 — Other 128 128 7 171 12 Commercial real estate 3,112 3,112 575 3,144 128 Total impaired loans $ 7,470 $ 7,142 $ 609 $ 7,601 $ 331 During the year ended December 31, 2017 , no interest income was recognized on a cash basis. At And For The Year Ended December 31, 2016 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized (In thousands) With no related allowance recorded: Commercial: Secured by real estate $ 1,481 $ 1,353 $ 2,018 $ 92 Other — — 27 — Commercial real estate 3,448 3,156 3,128 181 Commercial construction — — — — Residential real estate — — — — Consumer: Secured by real estate 81 78 81 — With an allowance recorded: Commercial: Secured by real estate 120 120 $ — 186 7 Other 225 225 9 247 17 Commercial real estate 3,175 3,175 601 4,109 130 Total impaired loans $ 8,530 $ 8,107 $ 610 $ 9,796 $ 427 During the year ended December 31, 2016 , no interest income was recognized on a cash basis. The following table presents the aging of the recorded investment in past due loans by class of loans as of December 31, 2017 and 2016 . Nonaccrual loans are included in the disclosure by payment status: December 31, 2017 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Loans Not Past Due Total (In thousands) Commercial: Secured by real estate $ 186 $ — $ — $ 186 $ 31,498 $ 31,684 Other 8 — — 8 57,364 57,372 Commercial real estate 300 — 599 899 492,643 493,542 Commercial construction — — — — 2,152 2,152 Residential real estate 314 — — 314 85,446 85,760 Consumer: Secured by real estate — — 28 28 32,179 32,207 Other — — — — 563 563 Government Guaranteed Loans — — — — 8,334 8,334 Other — — — — 106 106 Total $ 808 $ — $ 627 $ 1,435 $ 710,285 $ 711,720 December 31, 2016 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Loans Not Past Due Total (In thousands) Commercial: Secured by real estate $ — $ — $ — $ — $ 34,213 $ 34,213 Other — — — — 47,852 47,852 Commercial real estate 106 — — 106 382,445 382,551 Commercial construction — — — — 14,943 14,943 Residential real estate — — — — 84,321 84,321 Consumer: Secured by real estate 6 — 40 46 30,130 30,176 Other — — — — 244 244 Government Guaranteed Loans — — — — 9,732 9,732 Other — — — — 51 51 Total $ 112 $ — $ 40 $ 152 $ 603,931 $ 604,083 Troubled Debt Restructurings In order to determine whether a borrower is experiencing financial difficulty necessitating a restructuring, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed in accordance with the Corporation’s internal underwriting policy. A loan is considered to be in payment default once it is contractually 90 days past due. At December 31, 2017 and 2016 , the Corporation had $6.6 million and $8.0 million , respectively, of loans whose terms have been modified in troubled debt restructurings. Of these loans, $5.9 million and $7.5 million had demonstrated a reasonable period of performance in accordance with their new terms at December 31, 2017 and 2016 , respectively. The remaining troubled debt restructurings are reported as nonaccrual loans. Specific reserves of $582,000 and $610,000 have been recorded for the troubled debt restructurings at December 31, 2017 and 2016 , respectively, and are included in the table above. As of December 31, 2016, the Corporation had committed $190,000 of additional funds to a single customer with an outstanding commercial line that is classified as a troubled debt restructuring. There were no such additional funds committed at December 31, 2017. There were no loans that were modified as troubled debt restructuring during the year ended December 31, 2017. The following table presents the number of loans and their recorded investment immediately prior to the modification date and immediately after the modification date by class that were modified as troubled debt restructurings during the year ended December 31, 2016: December 31, 2016 Number of Loans Pre- Modification Recorded Investment Post- Modification Recorded Investment (Dollars in thousands) Commercial: Secured by real estate 2 $ 786 $ 786 Total 2 $ 786 $ 786 During the year ended December 31, 2016, two related commercial loans - secured by real estate were modified as troubled debt restructurings. The borrowers demonstrated historical loan and real estate tax payment issues and financial statements for these borrowers were considered weak. The modification of the terms of both loans represented a consolidation of the existing loans and a reduction in the interest rate to a market interest rate. These loans had a pre- and post-modification balance of $786,000 as of the date of modification. For the years ended December 31, 2017 and 2016, there was a net decrease in the allowance for loan losses of $28,000 and $98,000 , respectively, related to troubled debt restructurings. There were no charge-offs in 2017 or 2016 related to these troubled debt restructurings. There were no loans modified as TDRs within the previous 12 months from both December 31, 2017 and 2016, which had a payment default (90 days or more past due) during the years ended December 31, 2017 and 2016. TDRs that subsequently default are considered collateral dependent impaired loans and are evaluated for impairment based on the estimated fair value of the underlying collateral less expected selling costs. Credit Quality Indicators The Corporation categorizes loans into risk categories based on relevant information about the ability of the borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Corporation analyzes loans individually by classifying the loans as to credit risk. This analysis includes non-homogeneous loans, such as commercial, commercial real estate and commercial construction loans. This analysis is performed at the time the loan is originated and annually thereafter. The Corporation uses the following definitions for risk ratings. Special Mention – A Special Mention asset has potential weaknesses that deserve management’s close attention, which, if left uncorrected, may result in deterioration of the repayment prospects for the asset or the Bank’s credit position at some future date. Special Mention assets are not adversely classified and do not expose the Bank to sufficient risk to warrant adverse classification. Substandard – Substandard loans are inadequately protected by the current net worth and paying capacity of the borrower or by the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the repayment and liquidation of the debt. These loans are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Doubtful – A Doubtful loan has all of the weaknesses inherent in those classified as Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable or improbable. The likelihood of loss is extremely high, but because of certain important and reasonably specific factors, an estimated loss is deferred until a more exact status can be determined. Loss – A loan classified Loss is considered uncollectible and of such little value that its continuance as an asset is not warranted. This classification does not necessarily mean that an asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off a basically worthless asset even though partial recovery may be affected in the future. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. As of December 31, 2017 and 2016 , and based on the most recent analysis performed at those times, the risk category of loans by class is as follows: December 31, 2017 Pass Special Mention Substandard Doubtful Loss Total (In thousands) Commercial: Secured by real estate $ 29,025 $ 2,153 $ 506 $ — $ — $ 31,684 Other 56,632 216 524 — — 57,372 Commercial real estate 481,443 10,023 2,076 — — 493,542 Commercial construction 2,152 — — — — 2,152 Total $ 569,252 $ 12,392 $ 3,106 $ — $ — $ 584,750 December 31, 2016 Pass Special Mention Substandard Doubtful Loss Total (In thousands) Commercial: Secured by real estate $ 32,159 $ 1,601 $ 453 $ — $ — $ 34,213 Other 46,865 404 583 — — 47,852 Commercial real estate 366,251 14,345 1,955 — — 382,551 Commercial construction 14,943 — — — — 14,943 Total $ 460,218 $ 16,350 $ 2,991 $ — $ — $ 479,559 The Corporation considers the historical and projected performance of the loan portfolio and its impact on the allowance for loan losses. For residential real estate and consumer loan segments, the Corporation evaluates credit quality primarily based on payment activity and historical loss data. The following table presents the recorded investment in residential real estate and consumer loans based on payment activity as of December 31, 2017 and 2016 . December 31, 2017 Current Past Due or Nonaccrual Total (In thousands) Residential real estate $ 85,446 $ 314 $ 85,760 Consumer: Secured by real estate 32,179 28 32,207 Other 563 — 563 Total $ 118,188 $ 342 $ 118,530 December 31, 2016 Current Past Due or Nonaccrual Total (In thousands) Residential real estate $ 84,321 $ — $ 84,321 Consumer: Secured by real estate 30,130 46 30,176 Other 244 — 244 Total $ 114,695 $ 46 $ 114,741

PREMISES AND EQUIPMENT, NET

PREMISES AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT, NET	PREMISES AND EQUIPMENT, NET The balance of premises and equipment consists of the following at December 31, 2017 and 2016 : Years Ended December 31, 2017 2016 (In thousands) Land $ 3,240 $ 3,240 Buildings and improvements 4,505 4,494 Leasehold improvements 1,923 1,902 Furniture, fixtures, and equipment 1,605 964 11,273 10,600 Less: accumulated depreciation and amortization 4,364 4,034 Total premises & equipment, net $ 6,909 $ 6,566 Amounts charged to net occupancy expense for depreciation and amortization of banking premises and equipment amounted to $399,000 and $380,000 in 2017 and 2016 , respectively.

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	12 Months Ended
	Dec. 31, 2017
OTHER REAL ESTATE OWNED [Abstract]
OTHER REAL ESTATE OWNED	OTHER REAL ESTATE OWNED The balance of other real estate owned consists of the following at December 31, 2017 and 2016 : Years Ended December 31, 2017 2016 (In thousands) Acquired by foreclosure or deed in lieu of foreclosure $ — $ 404 Allowance for losses on other real estate owned — (3 ) Other real estate, net $ — $ 401 Activity in the allowance for losses on other real estate owned was as follows: Years Ended December 31, 2017 2016 (In thousands) Beginning of year $ 3 $ — Additions charged to expense — 23 Reductions from sales of other real estate owned (3 ) (20 ) End of year $ — $ 3 Net gain on sale of other real estate owned totaled $13,000 and $36,000 for the years ended December 31, 2017 and 2016 , respectively. Expenses related to other real estate owned include: Years Ended December 31, 2017 2016 (In thousands) Provision for unrealized losses $ — $ 23 Operating expenses, net of rental income 24 120 End of year $ 24 $ 143

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2017
DEPOSITS [Abstract]
DEPOSITS	DEPOSITS The following table presents deposits at December 31, 2017 and 2016 : December 31, 2017 2016 (In thousands) Noninterest-bearing demand $ 172,861 $ 169,306 Interest-bearing checking accounts 196,924 199,672 Money market accounts 110,256 42,606 Total interest-bearing demand 307,180 242,278 Statement savings and clubs 77,284 82,521 Business savings 5,830 8,156 Total savings 83,114 90,677 IRA investment and variable rate savings 33,236 28,771 Brokered certificates 25,944 8,299 Money market certificates 141,764 119,599 Total certificates of deposit 200,944 156,669 Total interest-bearing deposits 591,238 489,624 Total deposits $ 764,099 $ 658,930 Certificates of deposit with balances of $100,000 or more at December 31, 2017 and 2016 , totaled $109,692,000 and $96,772,000 , respectively. The scheduled maturities of certificates of deposit were as follows: Year Ended December 31, Balances (In thousands) 2018 $ 73,610 2019 86,853 2020 25,162 2021 9,284 2022 6,035 $ 200,944 The following table presents interest expense on deposits at December 31, 2017 and 2016 summarized as follows: December 31, 2017 2016 (In thousands) Total interest bearing demand $ 709 $ 558 Total savings 91 89 Total certificates of deposit 2,389 1,645 Total interest expense $ 3,189 $ 2,292

BORROWINGS

BORROWINGS	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
BORROWINGS	BORROWINGS Federal Home Loan Bank of New York Advances The following table presents Federal Home Loan Bank of New York ("FHLB-NY") advances by maturity date: December 31, 2017 December 31, 2016 Advances Maturing Amount Weighted Average Rate Amount Weighted Average Rate (Dollars in thousands) Within one year $ 20,760 1.59 % $ 26,200 1.03 % After one year, but within two years 33,000 1.76 % 15,000 1.73 % After two years, but within three years 5,000 1.88 % 13,000 1.86 % After three years, but within four years 5,000 1.68 % — — % After four years, but within five years — — % 5,000 1.68 % Total advances maturing $ 63,760 1.71 % $ 59,200 1.45 % During 2017 and 2016 , the maximum amount of FHLB-NY advances outstanding at any month end was $93.8 million and $59.2 million , respectively. The average amount of advances outstanding during the years ended December 31, 2017 and 2016 was $74.4 million and $38.3 million , respectively. At December 31, 2017 , FHLB advances totaling $10.0 million had a quarterly call feature which has reached its first call date. Advances from the FHLB-NY are all fixed rate borrowings and are secured by a blanket assignment of the Corporation's unpledged, qualifying mortgage loans and by certain securities. The loans remain under the control of the Corporation. Securities are maintained in safekeeping with the FHLB-NY. As of December 31, 2017 and 2016 , the advances were collateralized by $73.0 million and $69.6 million , respectively, of first mortgage loans under the blanket lien arrangement. Additionally, the advances were collateralized by $49.3 million and $34.5 million of investment securities as of December 31, 2017 and 2016 , respectively. Based on the collateral, the Corporation was eligible to borrow up to a total of $122.3 million at December 31, 2017 and $104.1 million at December 31, 2016 . The Corporation has the ability to borrow overnight with the FHLB-NY. There were no overnight borrowings with the FHLB-NY as of December 31, 2017. As of December 31, 2016, overnight borrowings with the FHLB-NY were $11.2 million . The overall borrowing capacity is contingent on available collateral to secure borrowings and the ability to purchase additional activity-based capital stock of the FHLB-NY. The Corporation may also borrow from the Discount Window of the Federal Reserve Bank of New York based on the market value of collateral pledged. At December 31, 2017 and 2016 , the Corporation’s borrowing capacity at the Discount Window was $4.7 million and $6.1 million , respectively. In addition, at both December 31, 2017 and 2016 the Corporation had available overnight variable repricing lines of credit with other correspondent banks totaling $38.0 million , on an unsecured basis. There were no borrowings under these lines of credit at December 31, 2017 and 2016 .

SUBORDINATED DEBENTURES AND SUB

SUBORDINATED DEBENTURES AND SUBORDINATED NOTES	12 Months Ended
	Dec. 31, 2017
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES [Abstract]
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES	SUBORDINATED DEBENTURES AND SUBORDINATED NOTES Carrying Amount December 31, Issue Maturity Rate 2017 2016 (In thousands) 9/17/2003 9/17/2033 Fixed / Floating Rate Junior Subordinated Debentures $ 7,217 $ 7,217 8/28/2015 8/25/2025 Fixed Rate Subordinated Notes 16,100 16,035 Total $ 23,317 $ 23,252 In 2003, the Corporation formed Stewardship Statutory Trust I (the “Trust”), a statutory business trust, which on September 17, 2003 issued $7.0 million Fixed/Floating Rate Capital Securities (“Capital Securities”). The Trust used the proceeds of the Capital Securities to purchase from the Corporation, $7,217,000 of Fixed/Floating Rate Junior Subordinated Deferrable Interest Debentures (the “Subordinated Debentures”) maturing September 17, 2033. The Trust is obligated to distribute all proceeds of a redemption whether voluntary or upon maturity, to holders of the Capital Securities. The Corporation’s obligation with respect to the Capital Securities and the Subordinated Debentures, when taken together, provide a full and unconditional guarantee on a subordinated basis by the Corporation of the Trust’s obligations to pay amounts when due on the Capital Securities. The Corporation is not considered the primary beneficiary of the Trust (variable interest entity); therefore, the Trust is not consolidated in the Corporation’s consolidated financial statements, but rather the Subordinated Debentures are shown as a liability. Prior to September 17, 2008, the Capital Securities and the Subordinated Debentures both had a fixed interest rate of 6.75% . Beginning September 17, 2008, the rate floats quarterly at a rate of three month LIBOR plus 2.95% . At December 31, 2017 and 2016, the rate on both the Capital Securities and the Subordinated Debentures was 4.55% and 3.94% , respectively. The Corporation has the right to defer payments of interest on the Subordinated Debentures by extending the interest payment period for up to 20 consecutive quarterly periods. The Subordinated Debentures may be included in Tier 1 capital (with certain limitations applicable) under current regulatory guidelines and interpretations. On August 28, 2015, the Corporation completed a private placement of $16.6 million in aggregate principal amount of fixed rate subordinated notes (the “Subordinated Notes”) to certain institutional accredited investors pursuant to a Subordinated Note Purchase Agreement dated August 28, 2015 between the Corporation and such investors. The Subordinated Notes have a maturity date of August 28, 2025 and bear interest at the rate of 6.75% per annum, payable semi-annually, in arrears, on March 1 and September 1 of each year during the time that the Subordinated Notes remain outstanding. The Subordinated Notes include a right of prepayment, without penalty, on or after August 28, 2020 and, in certain limited circumstances, before that date. The indebtedness evidenced by the Subordinated Notes, including principal and interest, is unsecured and subordinate and junior in right of the Corporation's payment to general and secured creditors and depositors of the Bank. The Subordinated Notes have been structured to qualify as Tier 2 capital for regulatory purposes. The Subordinated Notes totaled $16.1 million and $16.0 million at December 31, 2017 and 2016, respectively, which includes $500,000 and $565,000 , respectively, of remaining unamortized debt issuance costs. The debt issuance costs are being amortized over the expected life of the issue.

REGULATORY CAPITAL REQUIREMENTS

REGULATORY CAPITAL REQUIREMENTS	12 Months Ended
	Dec. 31, 2017
REGULATORY CAPITAL REQUIREMENTS [Abstract]
REGULATORY CAPITAL REQUIREMENTS	REGULATORY CAPITAL REQUIREMENTS The Corporation is subject to capital adequacy guidelines promulgated by the Board of Governors of the Federal Reserve System (“FRB Board”). The Bank is subject to somewhat comparable but different capital adequacy requirements imposed by the Federal Deposit Insurance Corporation (the “FDIC”). The federal banking agencies have adopted risk-based capital guidelines for banks and bank holding companies. The risk-based capital guidelines are designed to make regulatory capital requirements more sensitive to differences in risk profiles among banks and bank holding companies, to account for off-balance sheet exposure, and to minimize disincentives for holding liquid assets. Under these guidelines, assets and off-balance sheet items are assigned to broad risk categories, each with appropriate weights. The resulting capital ratios represent capital as a percentage of total risk-weighted assets and off-balance sheet items. Federal banking regulators have also adopted leverage capital guidelines to supplement the risk-based measures. Leverage capital to average total assets is determined by dividing Tier 1 Capital as defined under the risk-based capital guidelines by average total assets (non-risk adjusted). Guidelines for Banks In December 2010 and January 2011, the Basel Committee on Banking Supervision (the “Basel Committee”) published the final texts of reforms on capital and liquidity, which are generally referred to as “Basel III”. The Basel Committee is a committee of central banks and bank supervisors and regulators from the major industrialized countries that develops broad policy guidelines for the regulation of banks and bank holding companies. In July 2013, the FDIC and the other federal bank regulatory agencies adopted final rules (the “Basel Rules”) to implement certain provisions of Basel III and the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Basel Rules revised the leverage and risk-based capital requirements and the methods for calculating risk-weighted assets. The Basel Rules apply to all depository institutions, top-tier bank holding companies with total consolidated assets of $1 billion or more and top-tier savings and loan holding companies. Among other things, the Basel Rules (a) established a new common equity Tier 1 Capital (“CET1”) to risk-weighted assets ratio minimum of 4.5% of risk-weighted assets, (b) raised the minimum Tier 1 Capital to risk-based assets requirement (“Tier 1 Capital Ratio) from 4% to 6% of risk-weighted assets and (c) assigned a higher risk weight of 150% to exposures that are more than 90 days past due or are on nonaccrual status and to certain commercial real estate facilities. The minimum ratio of Total Capital to risk-weighted assets (including certain off-balance sheet activities, such as standby letters of credit) is 8%. At least 6% of the Total Capital is required to be “Tier 1 Capital”, which consists of common shareholders’ equity and certain preferred stock, less certain items and other intangible assets. The remainder, “Tier 2 Capital,” may consist of (a) the allowance for loan losses of up to 1.25% of risk-weighted assets, (b) excess of qualifying preferred stock, (c) hybrid capital instruments, (d) debt, (e) mandatory convertible securities and (f) qualifying subordinated debt. “Total Capital” is the sum of Tier 1 Capital and Tier 2 Capital less reciprocal holdings of other banking organizations’ capital instruments, investments in unconsolidated subsidiaries and any other deductions as determined by the federal banking regulatory agencies on a case-by-case basis or as a matter of policy after formal rule-making. A small bank holding company that has the highest regulatory examination rating and is not contemplating significant growth or expansion must maintain a minimum level of Tier 1 Capital to average total consolidated assets leverage ratio of at least 3%. All other bank holding companies are expected to maintain a leverage ratio of at least 100 to 200 basis points above the stated minimum. The Basel Rules also require unrealized gains and losses on certain available-for-sale securities to be included for purposes of calculating regulatory capital unless a one-time opt-out was exercised. Additional constraints are also imposed on the inclusion in regulatory capital of mortgage-servicing assets and deferred tax assets. The Basel Rules limit a banking organization’s capital distributions and certain discretionary bonus payments if the banking organization does not hold a “capital conservation buffer” consisting of 2.5% of CET1 to risk-weighted assets in addition to the amount necessary to meet a minimum risk-based capital requirement. The purpose of the capital conservation buffer is to ensure that banking organizations conserve capital when it is needed most, allowing them to weather periods of economic stress. Banking institutions with a CET1 Ratio, Tier 1 Capital Ratio or Total Capital Ratio above the minimum capital ratios but below the minimum capital ratios plus the capital conservation buffer will face constraints on their ability to pay dividends, repurchase equity and pay discretionary bonuses to executive officers based on the amount of the shortfall. The Basel Rules became effective for the Bank on January 1, 2015. The capital conservation buffer requirement of 0.625% became effective January 1, 2016, to be phased in annually through January 1, 2019, when the full capital conservation buffer requirement of 2.50% will become effective. At December 31, 2017 , the Bank's capital conservation buffer requirement was 1.25% and the actual capital conservation buffer was 5.40% . Bank assets are given risk-weights of 0%, 20%, 50%, 100%, and 150%. In addition, certain off-balance sheet items are given similar credit conversion factors to convert them to asset equivalent amounts to which an appropriate risk-weight will apply. These computations result in the total risk-weighted assets. Most loans are assigned to the 100% risk category, except for performing first mortgage loans fully secured by residential property which carry a 50% risk-weighting. Loan exposures past due 90 days or more or on nonaccrual are assigned a risk-weighting of at least 100%. High volatility commercial real estate exposures are assigned to the 150% category. Most investment securities (including, primarily, general obligation claims of states or other political subdivisions of the United States) are assigned to the 20% category, except for municipal or state revenue bonds, which have a 50% risk-weight, and direct obligations of the U.S. Treasury or obligations backed by the full faith and credit of the U.S. government, which have a 0% risk-weight. In converting off-balance sheet items, direct credit substitutes, including general guarantees and standby letters of credit backing nonfinancial obligations, and undrawn commitments (including commercial credit lines with an initial maturity of more than one year) have a 50% risk-weighting. Short-term undrawn commitments and commercial letters of credit with an initial maturity of under one year have a 50% risk-weighting and certain short-term unconditionally cancelable commitments are not risk-weighted. Guidelines for Small Bank Holding Companies In April 2015, the FRB Board updated and amended its Small Bank Holding Company Policy Statement. Under the revised Small Bank Holding Company Policy Statement, Basel III capital rules and reporting requirements will not apply to small bank holding companies (“SBHC”), such as the Corporation, that have total consolidated assets of less than $1 billion. The minimum risk-based capital requirements for a SBHC to be considered adequately capitalized are 4% for Tier 1 Capital and 8% for Total Capital to risk-weighted assets. The regulations for SBHCs classify risk-based capital into two categories: “Tier 1 Capital” which consists of common and qualifying perpetual preferred shareholders’ equity less goodwill and other intangibles and “Tier 2 Capital” which consists of (a) the allowance for loan losses of up to 1.25% of risk-weighted assets, (b) the excess of qualifying preferred stock, (c) hybrid capital instruments, (d) debt, (e) mandatory convertible securities and (f) qualifying subordinated debt. Total qualifying capital consists of Tier 1 Capital and Tier 2 Capital less reciprocal holdings of other banking organizations’ capital instruments, investments in unconsolidated subsidiaries and any other deductions as determined by the FRB on a case-by-case basis or as a matter of policy after formal rule-making. However, the amount of Tier 2 Capital may not exceed the amount of Tier 1 Capital. The Corporation must maintain a minimum level of Tier 1 Capital to average total consolidated assets leverage ratio of 3%, which is the leverage ratio reserved for top-tier bank holding companies having the highest regulatory examination rating and not contemplating significant growth or expansion. Bank holding company assets are given risk-weights of 0%, 20%, 50%, and 100%. In addition, certain off-balance sheet items are given similar credit conversion factors to convert them to asset equivalent amounts to which an appropriate risk-weight will apply. These computations result in the total risk-weighted assets. Actual Required for Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Regulations Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2017 Tier 1 Leverage ratio Corporation $ 81,886 8.88 % $ 36,867 4.00 % N/A N/A Bank 92,824 10.12 % 36,698 4.00 % $ 45,872 5.00 % Risk-based capital: Common Equity Tier 1 Corporation N/A N/A N/A N/A N/A N/A Bank 92,824 12.24 % 34,113 4.50 % 49,274 6.50 % Tier 1 Corporation 81,886 10.96 % 29,889 4.00 % N/A N/A Bank 92,824 12.24 % 45,484 6.00 % 60,645 8.00 % Total Corporation 106,748 14.29 % 59,777 8.00 % N/A N/A Bank 101,586 13.40 % 60,645 8.00 % 75,807 10.00 % December 31, 2016 Tier 1 Leverage ratio Corporation $ 59,591 7.65 % $ 31,151 4.00 % N/A N/A Bank 72,355 9.32 % 31,055 4.00 % $ 38,818 5.00 % Risk-based capital: Common Equity Tier 1 Corporation N/A N/A N/A N/A N/A N/A Bank 72,355 11.13 % 29,263 4.50 % 42,269 6.50 % Tier 1 Corporation 59,591 9.35 % 25,504 4.00 % N/A N/A Bank 72,355 11.13 % 39,018 6.00 % 52,024 8.00 % Total Corporation 83,531 13.10 % 51,008 8.00 % N/A N/A Bank 80,260 12.34 % 52,024 8.00 % 65,030 10.00 % As presented above, at December 31, 2017 and 2016 , the Bank’s regulatory capital ratios exceeded the established minimum capital requirements. The Subordinated Notes have been structured to qualify as Tier 2 capital for regulatory purposes.

BENEFIT PLANS

BENEFIT PLANS	12 Months Ended
	Dec. 31, 2017
Retirement Benefits [Abstract]
BENEFIT PLANS	BENEFIT PLANS During 2016 the Corporation had a noncontributory profit sharing plan covering all eligible employees. Contributions were determined by the Corporation’s Board of Directors on an annual basis. Total profit sharing expense for the year ended December 31, 2016 was $285,000 . The profit sharing plan was frozen at December 31, 2016. The Corporation also has a 401(k) plan which covers all eligible employees. Participants may elect to contribute a percentage, up to 100% , of their salaries, not to exceed the applicable limitations as per the Internal Revenue Code. The Corporation's matching contribution is determined on an annual basis. For the year ended December 31, 2017, the Corporation matched 50% of the participant’s first 7% contribution. For the year ended December 31, 2016, the Corporation matched 50% of the participant's first 5% contribution. Total 401(k) expense for the years ended December 31, 2017 and 2016 amounted to approximately $ 173,000 and $129,000 , respectively. The Corporation offers an Employee Stock Purchase Plan which allows all eligible employees to authorize a specific payroll deduction from his or her base compensation for the purchase of the Corporation’s Common Stock. Total stock purchases amounted to 2,724 and 3,459 shares during 2017 and 2016 , respectively. At December 31, 2017 , the Corporation had 168,569 shares reserved for issuance under this plan. During 2017, the Corporation introduced a Supplemental Executive Retirement Plan (“SERP”) for the President / Chief Executive Officer of the Corporation. The SERP provides a supplemental retirement income benefit upon the attainment of age 66 or separation of service. SERP benefits are payable in equal monthly installments for 180 months. Benefits are also payable upon death. The estimated present value of future benefits is accrued over the period from the effective date of the agreement until the expected retirement date. The Corporation recorded SERP expense of $258,000 for the year ended December 31, 2017. The benefits accrued under the SERP included in Accrued Expenses and Other Liabilities totaled $258,000 at December 31, 2017 and are unfunded.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION At December 31, 2017 , the Corporation maintained the following stock award programs. Director Stock Plan The Director Stock Plan permits members of the Board of Directors of the Bank to receive their monthly Board of Directors’ fees in shares of the Corporation’s Common Stock, rather than in cash. Shares are purchased for directors in the open market and resulted in purchases of 2,855 and 6,532 shares for the years ended December 31, 2017 and 2016 , respectively. At December 31, 2017 , the Corporation had 514,649 shares authorized but unissued for this plan. Stock Incentive Plan The 2010 Stock Incentive Plan covers both employees and directors. The purpose of the plan is to promote the long-term growth and profitability of the Corporation by (i) providing key people with incentives to improve shareholder value and to contribute to the growth and financial success of the Corporation, and (ii) enabling the Corporation to attract, retain and reward the best available persons. The plan permits the granting of stock (including incentive stock options qualifying under Internal Revenue Code section 422 and nonqualified options), stock appreciation rights, restricted or unrestricted stock awards, phantom stock, performance awards or other stock-based awards. Restricted shares granted under the plan generally vest over a three year service period with compensation expenses recognized on a straight-line basis. The value of restricted shares is based upon an average of the high and low closing price of the Corporation's common stock on the date of grant. Changes in nonvested restricted shares were as follows: 2017 2016 Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Balance January 1 68,586 $ 5.52 64,970 $ 5.29 Granted 20,876 8.88 34,332 5.76 Vested (34,675 ) 5.40 (24,996 ) 5.24 Forfeited (3,259 ) 6.41 (5,720 ) 5.53 Balance December 31 51,528 $ 6.91 68,586 $ 5.52 Stock based compensation expense related to stock grants to associates was $62,000 and $121,000 for the years ended December 31, 2017 and 2016 , respectively. There were 5,000 unrestricted stock awards granted to the members of the Board of Directors during the year ended December 31, 2017 . Expense related to stock grants to directors was $50,000 for the year ended December 31, 2017 . There were no unrestricted stock awards granted during the year ended December 31, 2016 . At December 31, 2017 the Corporation had 80,783 shares authorized but unissued for this plan.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE The following reconciles the income available to common shareholders (numerator) and the weighted average common stock outstanding (denominator) for both basic and diluted earnings per share: Years Ended December 31, 2017 2016 (Dollars in thousands, except per share amounts) Net income available to common shareholders $ 3,947 $ 4,736 Weighted average common shares outstanding - basic and diluted 7,906,791 6,109,983 Basic and diluted earnings per common share $ 0.50 $ 0.78 There were no stock options to purchase shares of common stock for the years ended December 31, 2017 or 2016 .

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Tax Cuts and Jobs Act ("Tax Act) was signed into law on December 22, 2017. Included as part of the law was a permanent reduction in the Federal corporate income tax rate from 35% to 21% effective January 1, 2018. Based upon the change in the tax rate, the Corporation revalued its net deferred tax asset at December 31, 2017. As a result of the enactment of the Tax Act, the Corporation recognized an additional tax expense of $1.4 million for the year ended December 31, 2017. The components of income tax expense are summarized as follows: Years Ended December 31, 2017 2016 (In thousands) Current tax expense Federal $ 2,438 $ 1,394 State 919 579 3,357 1,973 Deferred tax expense Federal 1,555 624 State (128 ) 175 Valuation allowance (8 ) (77 ) 1,419 722 Total $ 4,776 $ 2,695 The following table presents a reconciliation between the reported income taxes and the income taxes which would be computed by applying the normal federal income tax rate (34%) to income before income taxes: Years Ended December 31, 2017 2016 (In thousands) Federal income tax $ 2,966 $ 2,527 Add (deduct) effect of: State income taxes, net of federal income tax effect 606 533 Nontaxable interest income (129 ) (153 ) Effect of change in Federal statutory tax rate 1,420 — Bank owned life insurance (198 ) (147 ) Nondeductible expenses (31 ) 12 Change in valuation reserve (8 ) (77 ) Out of period adjustment for state fixed asset basis 150 — Effective federal income taxes $ 4,776 $ 2,695 The tax effects of existing temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows: December 31, 2017 2016 (In thousands) Deferred tax assets: Allowance for loan losses $ 2,455 $ 3,157 Accrued compensation 91 83 Nonaccrual loan interest 12 3 Depreciation 202 340 Contribution carry forward 2 55 Restricted stock — 55 Mortgage servicing rights (5 ) — Accrued contributions 167 144 Unrealized loss on securities available-for-sale 498 335 Alternate minimum tax — 270 3,422 4,442 Valuation reserve (2 ) (10 ) 3,420 4,432 Deferred tax liabilities OREO reserve — 1 Other — 4 — 5 Net deferred tax assets $ 3,420 $ 4,427 At December 31, 2017 and 2016, the Corporation has provided a valuation allowance relating to a state tax benefit of contribution carryforwards. Management has determined that it is more likely than not that it will not be able to realize this deferred tax benefit. The Corporation has approximately $2.2 million of taxes paid in the carryback period that could be utilized against the deferred tax asset. The remaining $1.2 million of net deferred tax assets more likely than not will be utilized through future earnings. There were no unrecognized tax benefits during the years or at the years ended December 31, 2017 and 2016 and management does not expect a significant change in unrecognized benefits in the next twelve months. There were no tax interest and penalties recorded in the income statement for the years ended December 31, 2017 and 2016 . There were no tax interest and penalties accrued for the years ended December 31, 2017 and 2016 . The Corporation and its subsidiaries are subject to U.S. federal income tax as well as income tax of the States of New Jersey and New York. The Corporation is no longer subject to examination by taxing authorities for years before 2015.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Loan Commitments The Corporation is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated financial statements. The contract or notional amounts of those instruments reflect the extent of involvement the Corporation has in particular classes of financial instruments. The Corporation's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual notional amount of those instruments. The Corporation uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. At December 31, 2017 , the Corporation had residential mortgage commitments to extend credit aggregating approximately $512,000 at variable rates averaging 4.38% and $460,000 at fixed rates averaging 3.84% . Approximately $460,000 of these loan commitments will be sold to investors upon closing. Commercial, construction, and home equity loan commitments of approximately $9.1 million were extended with variable rates averaging 4.37% and approximately $1.3 million extended at fixed rates averaging 4.43% . Generally, commitments were due to expire within approximately 90 days. Additionally, at December 31, 2017 , the Corporation was committed for approximately $104.1 million of unused lines of credit, consisting of $31.2 million relating to a home equity line of credit program and an unsecured line of credit program, $4.1 million relating to an unsecured overdraft protection program, and $68.8 million relating to commercial and construction lines of credit. Amounts drawn on the unused lines of credit are predominantly assessed interest at rates which fluctuate with the base rate. Commitments under standby letters of credit were approximately $309,000 at December 31, 2017 , of which $257,000 expires within one year. Should any letter of credit be drawn on, the interest rate charged on the resulting note would fluctuate with the Corporation's base rate. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Corporation evaluates each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Corporation upon extension of credit, is based on management's credit evaluation of the borrower. Collateral held varies, but may include accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties. Standby letters of credit are conditional commitments issued by the Corporation to guarantee payment or performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing and similar transactions. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Corporation obtains collateral supporting those commitments for which collateral is deemed necessary. Lease Commitments At December 31, 2017 , the minimum rental commitments on the noncancellable leases with an initial term of one year and expiring thereafter are as follows: Year Ended Minimum December 31, Rent (In thousands) 2018 $ 703 2019 631 2020 536 2021 359 2022 326 Thereafter 875 $ 3,430 Rental expense under long-term operating leases for branch offices amounted to approximately $873,000 and $874,000 during the years ended December 31, 2017 and 2016 , respectively. Rental income was approximately $36,000 and $40,000 for the years ended December 31, 2017 and 2016 , respectively. Contingencies The Corporation is also subject to litigation which arises primarily in the ordinary course of business. In the opinion of management the ultimate disposition of such litigation should not have a material adverse effect on the financial position of the Corporation.

INTEREST RATE SWAP

INTEREST RATE SWAP	12 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
INTEREST RATE SWAP	INTEREST RATE SWAP The Corporation utilizes interest rate swap agreements as part of its asset liability management strategy to help manage its interest rate risk position. The notional amount of the interest rate swap does not represent an amount exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate swap agreements. Interest Rate Swap Designated as Cash Flow Hedge : During the second quarter of 2017, the Corporation entered into a forward-starting interest rate swap with an effective date of December 18, 2017 and a notional amount of $7.0 million . Prior to 2017, the Corporation had entered into a swap with a notional amount of $7.0 million which matured on March 17, 2016. Both were designated as a cash flow hedge of the Subordinated Debentures (See Note 8 of the consolidated financial statements) and were determined to be fully effective during the years ended December 31, 2017 and 2016. As such, no amount of ineffectiveness has been included in net income. Therefore, the aggregate fair value of the swap is recorded in other assets (liabilities) with changes in fair value recorded in other comprehensive income (loss). The amount included in accumulated other comprehensive income (loss) would be reclassified to current earnings should the hedge no longer be considered effective. As of December 31, 2017, the Corporation has secured the interest rate swap by pledging investment securities with a fair value of $473,000 . Summary information as of December 31, 2017 about the interest swap designated as a cash flow hedge is as follows: Notional amount $7,000,000 Pay rate 5.323% Receive rate 3 month LIBOR plus 2.95% Maturity June 17, 2027 Unrealized loss $(29,000) The net expense recorded on the swap transaction totaled $2,000 and $53,000 for the years ended December 31, 2017 and 2016 , respectively, and is reported as a component of interest expense – Subordinated Debentures and Subordinated Notes. The fair value of the interest rate swap of ($29,000) at December 31, 2017 was included in accrued expenses and other liabilities on the Consolidated Statements of Financial Condition. The following table presents the after tax net gains recorded in accumulated other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the periods indicated. Year Ended December 31, 2017 Amount of Gain (Loss) Recognized in OCI (Effective Portion) Amount of Gain (Loss) Reclassified from OCI to Interest income Amount of Gain (Loss) Recognized in Other Noninterest Income (Ineffective Portion) (In thousands) Interest rate contract $ (21 ) $ — $ — Year Ended December 31, 2016 Amount of Gain Recognized in OCI (Effective Portion) Amount of Gain (Loss) Reclassified from OCI to Interest Income Amount of Gain (Loss) Recognized in Other Noninterest Income (Ineffective Portion) (In thousands) Interest rate contract $ 37 $ — $ —

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) or identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The fair values of investment securities are determined by quoted market prices, if available (Level 1). If quoted prices are not available, fair values of investment securities are determined by matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). The Corporation performs quarterly analyses on the prices received from the pricing service to determine whether the prices are reasonable estimates of fair value. Specifically, the Corporation compares the prices received from the pricing service to a secondary pricing source. The Corporation’s internal price verification procedures have not historically resulted in adjustment in the prices obtained from the pricing service. The interest rate swaps are reported at fair values obtained from brokers who utilize internal models with observable market data inputs to estimate the values of these instruments (Level 2 inputs). The Corporation measures impairment of collateralized loans and other real estate owned (“OREO”) based on the estimated fair value of the collateral less estimated costs to sell the collateral, incorporating assumptions that experienced parties might use in estimating the value of such collateral (Level 3 inputs). At the time a loan or OREO is considered impaired, it is valued at the lower of cost or fair value. Generally, impaired loans carried at fair value have been partially charged-off or receive specific allocations of the allowance for loan losses. OREO is initially recorded at fair value less estimated selling costs. For collateral dependent loans and OREO, fair value is commonly based on real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. In the appraisal process, the independent appraiser routinely adjusts for differences between the comparable sales and income data available. Such adjustments typically result in a Level 3 classification of the inputs for determining fair value. Methods for valuing non-real estate collateral include using an appraisal, the net book value recorded for the collateral on the borrower’s financial statements, or aging reports. Collateral is then adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the borrower and borrower’s business, resulting in a Level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Appraisals are generally obtained to support the fair value of collateral. Appraisals for both collateral-dependent impaired loans and OREO are performed by licensed appraisers whose qualifications and licenses have been reviewed and verified by the Corporation. The Corporation utilizes a third party to order appraisals and, once received, reviews the assumptions and approaches utilized in the appraisal as well as the resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. Real estate appraisals typically incorporate measures such as recent sales prices for comparable properties. Appraisers may make adjustments to the sales price of the comparable properties as deemed appropriate based on the age, condition or general characteristics of the subject property. Management generally applies a 12% discount to real estate appraised values to cover disposition / selling costs and to reflect the potential price reductions in the market necessary to complete an expedient transaction and to factor in the impact of the perception that a transaction being completed by a bank may result in further price reduction pressure. Assets and Liabilities Measured on a Recurring Basis Assets and liabilities measured at fair value on a recurring basis are summarized below: Fair Value Measurements Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2017 (In thousands) Assets: Available-for-sale securities U.S. government - sponsored agencies $ 21,333 $ — $ 21,333 $ — Obligations of state and political subdivisions 3,165 — 3,165 — Mortgage-backed securities 63,834 — 63,834 — Asset-backed securities 6,698 — 6,698 — Corporate bonds 14,229 — 14,229 — Other equity investments 3,756 3,696 60 — Total available-for-sale securities $ 113,015 $ 3,696 $ 109,319 $ — Liabilities: Interest rate swap $ 29 $ — $ 29 $ — Fair Value Measurements Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2016 (In thousands) Assets: Available-for-sale securities U.S. government - sponsored agencies $ 17,445 $ — $ 17,445 $ — Obligations of state and political subdivisions 3,096 — 3,096 — Mortgage-backed securities 52,046 — 52,046 — Asset-backed securities 8,267 — 8,267 — Corporate bonds 14,037 — 14,037 — Other equity investments 3,692 3,632 60 — Total available-for-sale securities $ 98,583 $ 3,632 $ 94,951 $ — There were no transfers of assets between Level 1 and Level 2 during the years ended December 31, 2017 and 2016 . There were no changes to the valuation techniques for fair value measurements as of December 31, 2017 and 2016 . Assets and Liabilities Measured on a Non-Recurring Basis Assets and liabilities measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2017 (In thousands) Assets: Impaired loans Commercial: Secured by real estate $ 109 $ — $ — $ 109 Commercial real estate 192 — — 192 Residential real estate 296 — — 296 Total Assets $ 597 $ — $ — $ 597 Fair Value Measurements Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2016 (In thousands) Assets: Impaired loans Commercial real estate $ 528 $ — $ — $ 528 Other real estate owned 401 — — 401 Total Assets $ 929 $ — $ — $ 929 Collateral-dependent impaired loans measured for impairment using the fair value of the collateral had a recorded investment value of $624,000 , resulting in an increase of the allocation for loan losses of $27,000 for the year ended December 31, 2017 . Collateral-dependent impaired loans measured for impairment using the fair value of the collateral had a recorded investment value of $528,000 , with no allowance for loan losses, resulting in no change of the allocation for loan losses for the year ended December 31, 2016 . There was no OREO at December 31, 2017. At December 31, 2016 , OREO had a recorded investment of $404,000 with a $ 3,000 valuation allowance. There were no additional valuation allowances recorded during the year ended December 31, 2017. Additional valuation allowances of $23,000 were recorded for the year ended December 31, 2016 . For the Level 3 assets measured at fair value on a non-recurring basis, the significant unobservable inputs used in the fair value measurements were as follows: December 31, 2017 Assets Fair Value Valuation Technique Unobservable Inputs Range (Dollars in thousands) Impaired loans $ 597 Comparable real estate sales and / or the income approach. Adjustments for differences between comparable sales and income data available. 5% Estimated selling costs. 7% December 31, 2016 Assets Fair Value Valuation Technique Unobservable Inputs Range (Dollars in thousands) Impaired loans $ 528 Comparable real estate sales and / or the income approach. Adjustments for differences between comparable sales and income data available. 5% Estimated selling costs. 7% Other real estate owned $ 401 Comparable real estate sales and / or the income approach. Adjustments for differences between comparable sales and income data available. 2% Estimated selling costs. 7% Fair value estimates for the Corporation’s financial instruments are summarized below: Fair Value Measurements Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2017 (In thousands) Financial assets: Cash and cash equivalents $ 21,270 $ 21,270 $ — $ — Securities available-for-sale 113,015 3,696 109,319 — Securities held to maturity 52,442 — 51,551 — FHLB-NY stock 3,715 N/A N/A N/A Mortgage loans held for sale 370 — — 370 Loans, net 702,561 — — 714,387 Financial liabilities: Deposits 764,099 565,292 197,696 — FHLB-NY advances 63,760 — 63,340 — Subordinated Debentures and Subordinated Notes 23,317 — — 23,478 Interest rate swap 29 — 29 — Fair Value Measurements Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2016 (In thousands) Financial assets: Cash and cash equivalents $ 11,680 $ 11,680 $ — $ — Securities available-for-sale 98,583 3,632 94,951 — Securities held to maturity 52,330 — 51,530 — FHLB-NY stock 3,515 N/A N/A N/A Mortgage loans held for sale 773 — — 773 Loans, net 595,952 — — 596,506 Financial liabilities: Deposits 658,930 503,949 154,724 — FHLB-NY advances 59,200 — 59,174 — Subordinated Debentures and Subordinated Notes 23,252 — — 23,230 The following methods and assumptions were used to estimate the fair value of each class of financial instruments: Cash and cash equivalents – The carrying amount approximates fair value and is classified as Level 1. Securities available-for-sale and held to maturity – The methods for determining fair values were described previously. FHLB-NY stock – It is not practicable to determine the fair value of FHLB-NY stock due to restrictions placed on the transferability of the stock. Mortgage loans held for sale – Loans in this category have been committed for sale to third party investors at the current carrying amount resulting in a Level 3 classification. Loans, net – Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type such as residential and commercial mortgages, commercial and other installment loans. The fair value of loans is estimated by discounting cash flows using estimated market discount rates which reflect the credit and interest rate risk inherent in the loans resulting in a Level 3 classification. Fair values estimated in this manner do not fully incorporate an exit-price approach to fair value, but instead are based on a comparison to current market rates for comparable loans. Deposits – The fair value of deposits, with no stated maturity, such as noninterest-bearing demand deposits, savings, NOW and money market accounts, is equal to the amount payable on demand resulting in a Level 1 classification. The fair value of certificates of deposit is based on the discounted value of cash flows resulting in a Level 2 classification. The discount rate is estimated using market discount rates which reflect interest rate risk inherent in the certificates of deposit. Fair values estimated in this manner do not fully incorporate an exit-price approach to fair value, but instead are based on a comparison to current market rates for comparable deposits. FHLB-NY advances – With respect to FHLB-NY borrowings, the fair value is based on the discounted value of cash flows. The discount rate is estimated using market discount rates which reflect the interest rate risk and credit risk inherent in the term borrowings resulting in a Level 2 classification. Subordinated Debentures and Subordinated Notes – The fair value of the Subordinated Debentures and the Subordinated Notes (see Note 8) is based on the discounted value of the cash flows. The discount rate is estimated using market rates which reflect the interest rate and credit risk inherent in the Subordinated Debentures and the Subordinated Notes resulting in a Level 3 classification. Interest rate swap – The fair value of derivatives, which is included in Accrued Expenses and Other Liabilities on the Consolidated Statements of Financial Condition, are based on valuation models using observable market data as of the measurement date (Level 2). Commitments to extend credit – The fair value of commitments is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present credit worthiness of the counter parties. At December 31, 2017 and 2016 the fair value of such commitments were not material. Limitations The preceding fair value estimates were made at December 31, 2017 and 2016 based on pertinent market data and relevant information concerning the financial instruments. These estimates do not include any premiums or discounts that could result from an offer to sell at one time the Corporation's entire holdings of a particular financial instrument or category thereof. Since no market exists for a substantial portion of the Corporation's financial instruments, fair value estimates were necessarily based on judgments with respect to future expected loss experience, current economic conditions, risk assessments of various financial instruments, and other factors. Given the subjective nature of these estimates, the uncertainties surrounding them and the matters of significant judgment that must be applied, these fair value estimates cannot be calculated with precision. Modifications in such assumptions could meaningfully alter these estimates. Since these fair value approximations were made solely for on- and off-balance sheet financial instruments at December 31, 2017 and 2016 , no attempt was made to estimate the value of anticipated future business. Furthermore, certain tax implications related to the realization of unrealized gains and losses could have a substantial impact on these fair value estimates and have not been incorporated into the estimates.

PARENT COMPANY ONLY

PARENT COMPANY ONLY	12 Months Ended
	Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
PARENT COMPANY ONLY	PARENT COMPANY ONLY The Corporation was formed in January 1995 as a bank holding company to operate its wholly-owned subsidiary, the Bank. The earnings of the Bank are recognized by the Corporation using the equity method of accounting. Accordingly, the Bank dividends paid reduce the Corporation's investment in the subsidiary. Condensed financial statements are presented below: Condensed Statements of Financial Condition December 31, 2017 2016 (In thousands) Assets Cash and due from banks $ 378 $ 264 Securities available-for-sale 3,911 1,926 Investment in subsidiary 91,689 71,564 Accrued interest receivable 21 10 Other assets 1,435 1,296 Total assets $ 97,434 $ 75,060 Liabilities and Shareholders' equity Subordinated Debentures $ 7,217 $ 7,217 Subordinated Notes 16,100 16,035 Other liabilities 452 421 Shareholders' equity 73,665 51,387 Total liabilities and Shareholders' equity $ 97,434 $ 75,060 Condensed Statements of Income Years Ended December 31, 2017 2016 (In thousands) Interest income - securities available-for-sale $ 76 $ 29 Dividend income 2,218 1,905 Other income 10 8 Total income 2,304 1,942 Interest expense 1,492 1,505 Other expenses 354 290 Total expenses 1,846 1,795 Income before income tax benefit 458 147 Tax benefit (597 ) (596 ) Income before equity in undistributed earnings of subsidiary 1,055 743 Equity in undistributed earnings of subsidiary 2,892 3,993 Net income $ 3,947 $ 4,736 Condensed Statements of Cash Flows Years Ended December 31, 2017 2016 (In thousands) Cash flows from operating activities: Net income $ 3,947 $ 4,736 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiary (2,892 ) (3,993 ) Amortization of Subordinated Notes issuance cost 65 66 Gain on calls of securities (1 ) — Increase in accrued interest receivable (11 ) (8 ) Increase in other assets (139 ) (197 ) Increase (decrease) in other liabilities 18 (9 ) Net cash provided by operating activities 987 595 Cash flows from investing activities: Purchase of securities available-for-sale (2,999 ) (4,498 ) Proceeds from calls on securities available-for-sale 500 3,500 Proceeds from maturities on securities available-for-sale 500 — Investment in subsidiary bank (16,800 ) — Net cash used in investing activities (18,799 ) (998 ) Cash flows from financing activities: Proceeds from issuance of common stock, net of costs 18,860 — Cash dividends paid on common stock (961 ) (672 ) Payment of discount on dividend reinvestment plan (5 ) (4 ) Restricted stock-forfeited (135 ) (82 ) Issuance of common stock 167 103 Net cash provided by (used in) financing activities 17,926 (655 ) Net decrease in cash and cash equivalents 114 (1,058 ) Cash and cash equivalents - beginning 264 1,322 Cash and cash equivalents - ending $ 378 $ 264

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME	12 Months Ended
	Dec. 31, 2017
Stockholders' Equity Note [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME	ACCUMULATED OTHER COMPREHENSIVE INCOME The components of comprehensive income, both gross and net of tax, are presented for the periods below: Years Ended December 31, 2017 December 31, 2016 Gross Tax Effect Net Gross Tax Effect Net (In thousands) Net income $ 8,723 $ (4,776 ) $ 3,947 $ 7,431 $ (2,695 ) $ 4,736 Other comprehensive income: Change in unrealized holding gains (losses) on securities available-for-sale 241 (91 ) 150 (952 ) 358 (594 ) Reclassification adjustment for gains in net income (1 ) — (1 ) (63 ) 24 (39 ) Accretion of loss on securities reclassified to held to maturity 46 (18 ) 28 196 (76 ) 120 Change in fair value of interest rate swap (29 ) 12 (17 ) 62 (25 ) 37 Total other comprehensive income 257 (97 ) 160 (757 ) 281 (476 ) Total comprehensive income $ 8,980 $ (4,873 ) $ 4,107 $ 6,674 $ (2,414 ) $ 4,260 The Corporation, in accordance with ASU No. 2018-02, has elected to reclassify the income tax effects of the Tax Act from accumulated other comprehensive income (loss) to retained earnings for the year ended December 31, 2017. The following table presents the components of accumulated other comprehensive income (loss), net of tax, for the years ended December 31, 2017 and 2016 , including the reclassification of income tax effects due to the adoption of ASU No. 2018-02 for the year ended December 31, 2017. Year Ended December 31, 2017 Components of Accumulated Other Comprehensive Income Total Unrealized Gains and (Losses) on Available-for-Sale (AFS) Securities Loss on Securities Reclassified from Available-for-Sale to Held to Maturity Unrealized Gains and (Losses) on Derivatives Accumulated Other Comprehensive Income (Loss) (In thousands) Balance at December 31, 2016 $ (1,243 ) $ (78 ) $ — $ (1,321 ) Other comprehensive income (loss) before reclassifications 150 28 (17 ) 161 Amounts reclassified from other comprehensive income (1 ) — — (1 ) Other comprehensive income, net 149 28 (17 ) 160 Reclassification of tax effects due to the adoption of ASU No. 2018-02 (209 ) (10 ) (4 ) (223 ) Balance at December 31, 2017 $ (1,303 ) $ (60 ) $ (21 ) $ (1,384 ) Year Ended December 31, 2016 Components of Accumulated Other Comprehensive Income Total Unrealized Gains and (Losses) on Available-for-Sale (AFS) Securities Loss on Securities Reclassified from Available-for-Sale to Held to Maturity Unrealized Gains and (Losses) on Derivatives Accumulated Other Comprehensive Income (Loss) (In thousands) Balance at December 31, 2015 $ (610 ) $ (198 ) $ (37 ) $ (845 ) Other comprehensive income (loss) before reclassifications (594 ) 120 37 (437 ) Amounts reclassified from other comprehensive income (39 ) — — (39 ) Other comprehensive income, net (633 ) 120 37 (476 ) Balance at December 31, 2016 $ (1,243 ) $ (78 ) $ — $ (1,321 ) The following table presents amounts reclassified from each component of accumulated other comprehensive income on a gross and net of tax basis for the years ended December 31, 2017 and 2016 . Years Ended Components of Accumulated Other December 31, Income Statement Comprehensive Income (Loss) 2017 2016 Line Item (In thousands) Unrealized gains on AFS securities before tax $ 1 $ 63 Gains on securities transactions, net Tax effect — (24 ) Total, net of tax 1 39 Total reclassifications, net of tax $ 1 $ 39

QUARTERLY FINANCIAL DATA (Unaud

QUARTERLY FINANCIAL DATA (Unaudited)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL DATA (Unaudited)	QUARTERLY FINANCIAL DATA (Unaudited) The following table contains quarterly financial data for the years ended December 31, 2017 and 2016 . Year Ended December 31, 2017 First Quarter Second Quarter Third Quarter Fourth Quarter Total (In thousands, except per share amounts) Interest income $ 7,424 $ 7,943 $ 8,400 $ 8,463 $ 32,230 Interest expense 1,244 1,409 1,577 1,628 5,858 Net interest income before provision for loan losses 6,180 6,534 6,823 6,835 26,372 Provision for loan losses 300 260 20 75 655 Net interest income after provision for loan losses 5,880 6,274 6,803 6,760 25,717 Noninterest income 799 813 845 850 3,307 Noninterest expenses 5,114 5,083 5,036 5,068 20,301 Income before income tax expense 1,565 2,004 2,612 2,542 8,723 Income tax expense 574 736 972 2,494 4,776 Net income $ 991 $ 1,268 $ 1,640 $ 48 $ 3,947 Basic and diluted earnings per share $ 0.16 $ 0.16 $ 0.19 $ 0.01 $ 0.50 Year Ended December 31, 2016 First Quarter Second Quarter Third Quarter Fourth Quarter Total (In thousands, except per share amounts) Interest income $ 6,449 $ 6,979 $ 6,657 $ 7,000 $ 27,085 Interest expense 1,173 1,124 1,113 1,103 4,513 Net interest income before provision for loan losses 5,276 5,855 5,544 5,897 22,572 Provision for loan losses (350 ) (450 ) (250 ) (300 ) (1,350 ) Net interest income after provision for loan losses 5,626 6,305 5,794 6,197 23,922 Noninterest income 819 832 823 937 3,411 Noninterest expenses 4,902 4,999 4,999 5,002 19,902 Income before income tax expense 1,543 2,138 1,618 2,132 7,431 Income tax expense 552 776 583 784 2,695 Net income $ 991 $ 1,362 $ 1,035 $ 1,348 $ 4,736 Basic and diluted earnings per share $ 0.16 $ 0.22 $ 0.17 $ 0.22 $ 0.78

SIGNIFICANT ACCOUNTING POLICI28

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of operations and principles of consolidation	Nature of operations and principles of consolidation The consolidated financial statements include the accounts of Stewardship Financial Corporation and its wholly owned subsidiary, Atlantic Stewardship Bank (“the Bank”), together referred to as “the Corporation”. The Bank includes its wholly-owned subsidiaries, Stewardship Investment Corporation (whose primary business is to own and manage an investment portfolio), Stewardship Realty LLC (whose primary business is to own and manage property at 612 Godwin Avenue, Midland Park, New Jersey), Atlantic Stewardship Insurance Company, LLC (whose primary business is insurance) and several other subsidiaries formed to hold title to properties acquired through foreclosure or deed in lieu of foreclosure. The Bank’s subsidiaries have an insignificant impact on the daily operations. All intercompany accounts and transactions are eliminated in the consolidated financial statements. Certain prior period amounts have been reclassified to conform with the current year presentation. The Corporation provides financial services through the Bank’s offices in Bergen, Passaic, and Morris Counties, New Jersey. Its primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are commercial, residential mortgage and installment loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets, and commercial and residential real estate. Commercial loans are expected to be repaid from cash flow generated from the operations of businesses. There are no significant concentrations of loans to any one industry or customer. The Corporation’s lending activities are concentrated in loans secured by real estate located in northern New Jersey and, therefore, collectability of the loan portfolio is susceptible to changes in real estate market conditions in the northern New Jersey market. The Corporation has not made loans to borrowers outside the United States.
Basis of consolidated financial statements presentation	Basis of consolidated financial statements presentation The consolidated financial statements of the Corporation have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”). In preparing the financial statements, management is required to make estimates and assumptions, based on available information, that affect the amounts reported in the financial statements and the disclosures provided. The estimate of the allowance for loan losses and the valuation of deferred tax assets are particularly critical because they involve a higher degree of complexity and subjectivity and require estimates and assumptions about highly uncertain matters. Actual results may differ from those estimates and assumptions. The current economic environment has increased the degree of uncertainty inherent in these material estimates.
Cash flows	Cash flows Cash and cash equivalents include cash and deposits with other financial institutions and interest-bearing deposits in other banks with original maturities under 90 days. Net cash flows are reported for customer loan and deposit transactions, and short term borrowings and securities sold under agreement to repurchase.
Securities available-for-sale and held to maturity	Securities available-for-sale and held to maturity The Corporation classifies its securities as held to maturity or available-for-sale. Investments in debt securities that the Corporation has the positive intent and ability to hold to maturity are classified as securities held to maturity and are carried at amortized cost. All other securities are classified as securities available-for-sale. Securities available-for-sale may be sold prior to maturity in response to changes in interest rates or prepayment risk, for asset/liability management purposes, or other similar factors. These securities are carried at fair value with unrealized holding gains or losses reported in a separate component of shareholders’ equity, net of the related tax effects. Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: (1) OTTI related to credit loss, which must be recognized in the income statement and (2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of impairment is recognized through earnings.
Federal Home Loan Bank ("FHLB") Stock	Federal Home Loan Bank (“FHLB”) Stock The Bank is a member of the FHLB system. Members are required to own a certain amount of FHLB stock based on their level of borrowings and other factors. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on the ultimate recovery of par value. Cash dividends are reported as income.
Loans held for sale	Loans held for sale Loans held for sale generally represent mortgage loans originated and intended for sale in the secondary market, which are carried at the lower of cost or fair value on an aggregate basis. Mortgage loans held for sale are carried net of deferred fees, which are recognized as income at the time the loans are sold to permanent investors. Gains or losses on the sale of mortgage loans held for sale are recognized at the settlement date and are determined by the difference between the net proceeds and the carrying value. All loans are generally sold with loan servicing rights released to the buyer.
Loans	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal amount outstanding, net of deferred loan fees and costs and an allowance for loan losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. The recorded investment in loans represents the outstanding principal balance after charge-offs and does not include accrued interest receivable as the inclusion is not significant to the reported amounts. Interest income on loans is discontinued at the time the loan is 90 days delinquent unless the loan is well secured and in process of collection. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or are charged-off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to an accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Allowance for loan losses	Allowance for loan losses The allowance for loan losses is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when management believes the collectability of the full loan balance is in doubt. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged-off. The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired. A loan is considered impaired when, based on current information and events, it is probable that the Corporation will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Loans for which the terms have been modified and for which the borrower is experiencing financial difficulties are considered troubled debt restructuring and classified as impaired. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the fair value of the note, or the fair value of the collateral if the loan is collateral-dependent. Large groups of smaller balance homogeneous loans, such as consumer and residential real estate loans are collectively evaluated for impairment and, accordingly, they are not separately identified for impairment disclosures. Troubled debt restructurings are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring is considered to be a collateral dependent loan, the loan is reported, net, at the lower of the recorded investment or fair value of the collateral. For troubled debt restructurings that subsequently default, the Corporation determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. The general component of the allowance is based on historical loss experience, including an appropriate loss emergence period, adjusted for qualitative factors. The historical loss experience is determined for each portfolio segment and class, and is based on the actual loss history experienced by the Corporation over the most recent five years. The Bank prepares an analysis for each portfolio segment, which examines the historical loss experience as well as the loss emergence period. The analysis is updated quarterly for the purpose of determining the assigned allocation factors which are essential components of the allowance for loan losses calculation. This actual loss experience is supplemented with other qualitative factors based on the risks present for each portfolio segment or class. These qualitative factors include consideration of the following: levels of and trends in charge-offs; levels of and trends in delinquencies and impaired loans; levels and trends in loan size; levels of real estate concentrations; national and local economic trends and conditions; the depth and experience of lending management and staff; and other changes in lending policies, procedures, and practices. For purposes of determining the allowance for loan losses, loans in the portfolio are segregated by type into the following segments: commercial, commercial real estate, construction, residential real estate, consumer and other. The Corporation also sub-divides these segments into classes based on the associated risks within those segments. Commercial loans are divided into the following two classes: secured by real estate and other. Construction loans are divided into the following two classes: commercial and residential. Consumer loans are divided into two classes: secured by real estate and other. The models and assumptions used to determine the allowance require management’s judgment. Assumptions, data and computations are appropriately reviewed and properly documented. The risk characteristics of each of the identified portfolio segments are as follows: Commercial – Commercial loans are generally of higher risk and typically are made on the basis of the borrower’s ability to make repayment from the cash flow of the borrower’s business. As a result, the availability of funds for the repayment of commercial loans may depend substantially on the success of the business itself. Furthermore, any collateral securing such loans may depreciate over time, may be difficult to appraise and may fluctuate in value. Commercial Real Estate – Commercial real estate loans are secured by multi-family and nonresidential real estate and generally have larger balances and generally are considered to involve a greater degree of risk than residential real estate loans. Commercial real estate loans depend on the global cash flow analysis of the borrower and the net operating income of the property, the borrower’s expertise, credit history and profitability, and the value of the underlying property. Of primary concern in commercial real estate lending is the borrower’s creditworthiness and the cash flow from the property. Payments on loans secured by income producing properties often depend on successful operation and management of the properties. As a result, repayment of such loans may be subject, to a greater extent than residential real estate loans, to adverse conditions in the real estate market or the economy. Commercial real estate is also subject to adverse market conditions that cause a decrease in market value or lease rates, obsolescence in location or function and market conditions associated with oversupply of units in a specific region. Construction – Construction financing is generally considered to involve a higher degree of risk of loss than long-term financing on improved, occupied real estate. Risk of loss on a construction loan depends largely upon the accuracy of the initial estimate of the property’s value at completion of construction and the estimated cost of construction. During the construction phase, a number of factors could result in delays and cost overruns. If the estimate of construction costs proves to be inaccurate, additional funds may be required to be advanced in excess of the amount originally committed to permit completion of the building. If the estimate of value proves to be inaccurate, the value of the building may be insufficient to assure full repayment if liquidation is required. If foreclosure is required on a building before or at completion due to a default, there can be no assurance that all of the unpaid balance of, and accrued interest on, the loan as well as related foreclosure and holding costs will be recovered. Residential Real Estate – Residential real estate loans are generally made on the basis of the borrower’s ability to make repayment from his or her employment income or other income, and which are secured by real property whose value tends to be more easily ascertainable. Repayment of residential real estate loans is subject to adverse employment conditions in the local economy leading to increased default rate and decreased market values from oversupply in a geographic area. In general, residential real estate loans depend on the borrower’s continuing financial stability and, therefore, are likely to be adversely affected by various factors, including job loss, divorce, illness or personal bankruptcy. Furthermore, the application of various federal and state laws, including federal and state bankruptcy and insolvency laws, may limit the amount that can be recovered on such loans. Consumer loans – Consumer loans secured by real estate may entail greater risk than residential mortgage loans due to a lower lien position. In addition, other consumer loans, particularly loans secured by assets that depreciate rapidly, such as motor vehicles, are subject to greater risk. In all cases, collateral for a defaulted consumer loan may not provide an adequate source of repayment for the outstanding loan and a small remaining deficiency often does not warrant further substantial collection efforts against the borrower. Consumer loan collections depend on the borrower’s continuing financial stability and, therefore, are likely to be adversely affected by various factors, including job loss, divorce, illness or personal bankruptcy. Furthermore, the application of various federal and state laws, including federal and state bankruptcy and insolvency laws, may limit the amount that can be recovered on such loans. Generally, when it is probable that some portion or all of a loan balance will not be collected, regardless of portfolio segment, that amount is charged-off as a loss against the allowance for loan losses. On loans secured by real estate, the charge-offs reflect partial writedowns due to the initial valuation of market values of the underlying real estate collateral in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 310-40. Consumer loans are generally charged-off in full when they reach 90 – 120 days past due.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Corporation, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Corporation does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Premises and equipment	Premises and equipment Land is stated at cost. Buildings and improvements and furniture, fixtures and equipment are stated at cost, less accumulated depreciation computed on the straight-line method over the estimated lives of each type of asset. Estimated useful lives are three to forty years for buildings and improvements and three to twenty-five years for furniture, fixtures and equipment. Leasehold improvements are stated at cost less accumulated amortization computed on the straight-line method over the shorter of the term of the lease or useful life.
Long-Term Assets	Long-Term Assets Premises and equipment and other long-term assets are reviewed for impairment when events indicate their carrying amount may not be recovered from future undiscounted cash flows. If impaired, the assets are recorded at fair value.
Other Real Estate Owned	Other Real Estate Owned Other real estate owned (OREO) consists of property acquired through foreclosure or deed in lieu of foreclosure and property that is in-substance foreclosed. OREO is initially recorded at the lower of cost or fair value less estimated selling costs. When a property is acquired, the excess of the carrying amount over fair value, if any, is charged to the allowance for loan losses. Subsequent adjustments to the carrying value are recorded in an allowance for OREO and charged to OREO expense.
Bank owned life insurance	Bank owned life insurance The Corporation has purchased life insurance policies on certain key officers. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.
Dividend Reinvestment Plan	Dividend Reinvestment Plan The Corporation offers shareholders the opportunity to participate in a dividend reinvestment plan. Plan participants may reinvest cash dividends to purchase new shares of stock at 95% of the market value, based on the most recent trades. Cash dividends due to the plan participants are utilized to acquire shares from either, or a combination of, the issuance of authorized shares or purchases of shares in the open market through an approved broker. The Corporation reimburses the broker for the 5% discount when the purchase of the Corporation’s stock is completed. The plan is considered to be non-compensatory.
Stock-based compensation	Stock-based compensation Stock-based compensation cost is based on the fair value of the awards at the date of grant. The fair value of restricted stock awards is based upon the average of the high and low sale price reported for the Corporation’s common stock on the date of grant. Compensation cost is recognized for restricted stock over the required service period, generally defined as the vesting period.
Income taxes	Income taxes The Corporation records income taxes in accordance with ASC 740, Income Taxes, as amended, using the asset and liability method. Accordingly, deferred tax assets and liabilities: (i) are recognized for the expected future tax consequences of events that have been recognized in the financial statements or tax returns; (ii) are attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases; and (iii) are measured using enacted tax rates expected to apply in the years when those temporary differences are expected to be recovered or settled. Where applicable, deferred tax assets are reduced by a valuation allowance for any portions determined not likely to be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income tax expense in the period of enactment. The valuation allowance is adjusted, by a charge or credit to income tax expense, as changes in facts and circumstances warrant. Deferred tax assets and liabilities are reported as a component of other assets on the consolidated statements of financial condition. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Corporation recognizes interest and/or penalties related to income tax matters in income tax expense.
Comprehensive income	Comprehensive income Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income includes unrealized gains and losses on securities available-for-sale, accretion of losses related to securities transferred from available-for-sale to held to maturity, and unrealized gains or losses on cash flow hedges, net of tax, which are also recognized as separate components of equity.
Earnings per common share	Earnings per common share Basic earnings per common share is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Common stock equivalents are not included in the calculation. Diluted earnings per share is computed similar to that of the basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if all potential dilutive common shares were issued.
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.
Loss contingencies	Loss contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there are such matters that will have a material effect on the financial statements.
Dividend restriction	Dividend restriction Banking regulations require maintaining certain capital levels and may limit the dividends paid by the Bank to the Corporation or by the Corporation to its shareholders. The Corporation's ability to pay cash dividends is based, among other things, on its ability to receive cash from the Bank. Banking regulations limit the amount of dividends that may be paid without prior approval of regulatory agencies. Under these regulations, the amount of dividends that may be paid in any calendar year is limited to the current year's profits, combined with the retained net profits of the preceding two years.
Derivatives	Derivatives Derivative financial instruments are recognized as assets or liabilities at fair value. The Corporation’s only free standing derivative consists of an interest rate swap agreement, which is used as part of its asset liability management strategy to help manage interest rate risk related to its Subordinated Debentures. The Corporation does not use derivatives for trading purposes. The Corporation designated the interest rate swap as a cash flow hedge, which is a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge, the change in the fair value on the derivative is reported in other comprehensive income (loss) and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. Net cash settlements on this interest rate swap that qualify for hedge accounting are recorded in interest expense. Changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. The Corporation formally documented the risk-management objective and the strategy for undertaking the hedge transaction at the inception of the hedging relationship. This documentation includes linking the fair value of the cash flow hedge to the Subordinated Debentures on the balance sheet. The Corporation formally assessed, both at the hedge’s inception and on an ongoing basis, whether the interest rate swap is highly effective in offsetting changes in cash flows of the Subordinated Debentures. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that would be accumulated in other comprehensive income are amortized into earnings over the same periods in which the hedged transactions will affect earnings.
Fair value of financial instruments	Fair value of financial instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates.
Adoption of New Accounting Standards	Adoption of New Accounting Standards In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, "Revenue from Contracts with Customers (Topic 606)". The objective of this amendment is to clarify the principles for recognizing revenue and to develop a common revenue standard for U.S. GAAP and IFRS. This update affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are in the scope of other standards. The ASU is effective for public business entities for financial statements issued for fiscal years beginning after December 15, 2017, and early adoption is permitted. Subsequently, the FASB issued the following standards related to ASU 2014-09: ASU 2016-08, “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations;” ASU 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing;” ASU 2016-11, “Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting;” and ASU 2016-12, “Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients.” These amendments are intended to improve and clarify the implementation guidance of ASU 2014-09 and have the same effective date as the original standard. The Corporation’s implementation efforts include the identification of revenue within the scope of the guidance, as well as the evaluation of revenue contracts and the respective performance obligations within those contracts. As the guidance does not apply to revenue associated with financial instruments, including loans and securities that are accounted for under other GAAP, the new revenue recognition standard does not have a material change related to the timing or amount of revenue recognition. The Corporation has completed its evaluation and will adopt the guidance in the first quarter of 2018. In January 2016, the FASB issued ASU No. 2016-01, "Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Liabilities." This ASU addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. This amendment supersedes the guidance to classify equity securities with readily determinable fair values into different categories, requires equity securities to be measured at fair value with changes in the fair value recognized through net income, and simplifies the impairment assessment of equity investments without readily determinable fair values. The amendment requires public business entities that are required to disclose the fair value of financial instruments measured at amortized cost on the balance sheet to measure that fair value using the exit price notion. The amendment requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option. The amendment requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or in the accompanying notes to the financial statements. The amendment reduces diversity in current practice by clarifying that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available for sale securities in combination with the entity’s other deferred tax assets. This amendment is effective for fiscal years, including interim periods, beginning after December 15, 2017. Entities should apply the amendment by means of a cumulative-effect adjustment as of the beginning of the fiscal year of adoption, with the exception of the amendment related to equity securities without readily determinable fair values, which should be applied prospectively to equity investments that exist as of the date of adoption. The Corporation's adoption of the guidance will not have an impact on the Corporation's consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Subtopic 842).” This ASU requires all lessees to recognize a lease liability and a right-of-use asset, measured at the present value of the future minimum lease payments, at the lease commencement date. Lessor accounting remains largely unchanged under the new guidance. The amendments in ASU 2016-02 are effective for fiscal years, including interim periods, beginning after December 15, 2018. Early adoption of ASU 2016-02 is permitted. The Corporation is currently assessing the impact that the adoption of the guidance will have on the Corporation's consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. The objective of this ASU is to simplify accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Under ASU 2016-09, all excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) should be recognized as income tax expense or benefit in the income statement. The tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity also should recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period. An entity can make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest (current accounting) or account for forfeitures when they occur. Within the cash flow statement, excess tax benefits should be classified along with other income tax cash flows as an operating activity, and cash paid by an employer when directly withholding shares for tax-withholding purposes should be classified as a financing activity. The amendments in ASU 2016-09 are effective for fiscal years, including interim periods, beginning after December 15, 2016. Early adoption of ASU 2016-09 is permitted. The Corporation's adoption of the guidance in the first quarter of 2017 did not have a material impact on the Corporation's consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The main objective of this ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments by a reporting entity at each reporting date. The amendments in this ASU require financial assets measured at amortized cost to be presented at the net amount expected to be collected. The allowance for credit losses would represent a valuation account that would be deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. The income statement would reflect the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. The measurement of expected credit losses would be based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. An entity will be required to use judgment in determining the relevant information and estimation methods that are appropriate in its circumstances. The amendments in ASU 2016-13 are effective for fiscal years, including interim periods, beginning after December 15, 2019. Early adoption of this ASU is permitted for fiscal years beginning after December 15, 2018. The Corporation is currently evaluating the potential impact of ASU 2016-13 on the Corporation's consolidated financial statements. In that regard, the Corporation has formed a working group, under the direction of the Chief Financial Officer. The Corporation is currently developing an implementation plan to include assessment of processes, portfolio segmentation, model development, system requirements and the identification of data and resource needs, among other things. Also, the Corporation is currently evaluating third-party vendor solutions to assist us in the application of the ASU 2016-13. The adoption of the ASU 2016-13 may result in an increase in the allowance for loan losses as a result of changing from an "incurred loss" model, which encompasses allowances for current known and inherent losses within the portfolio, to an "expected loss" model, which encompasses allowances for losses expected to be incurred over the life of the portfolio. Furthermore, ASU 2016-13 will necessitate establishing an allowance for expected credit losses on debt securities. The Corporation is currently unable to reasonably estimate the impact of adopting ASU 2016-13, and it is expected that the impact of adoption will be significantly influenced by the composition, characteristics and quality of our loan and securities portfolios as well as the prevailing economic conditions and forecasts as of the adoption date. In August 2017, the FASB issued ASU No. 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities", with the objective of improving the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements. The amendments in ASU 2017-12 expand and refine hedge accounting for both nonfinancial and financial risk components and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. This ASU will be effective for interim and annual periods beginning after December 15, 2018. Early adoption of ASU 2017-12 is permitted. The Corporation is currently evaluating the potential impact that the adoption of the guidance will have on the Corporation's consolidated financial statements. In February 2018, the FASB issued ASU No. 2018-02, "Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income", to address a narrow-scope financial reporting issue that arose as a consequence of the change in the tax law. On December 22, 2017, the U.S. federal government enacted the Tax Cuts and Jobs Act of 2017 ("Tax Act"). ASU No. 2018-02 permits a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the new federal corporate income tax rate under the Tax Act. The amount of the reclassification would be the difference between the historical corporate income tax rate of 35% and the newly enacted 21% corporate income tax rate. This ASU is effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years with early adoption permitted, including adoption in any interim period, for (i) public business entities for reporting periods for which financial statements have not yet been issued and (ii) all other entities for reporting periods for which financial statements have not yet been made available for issuance. The changes are required to be applied retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Act is recognized. The Corporation's early adoption of ASU No. 2018-02 resulted in the reclassification from accumulated other comprehensive income (loss) to retained earnings of $223,000 , reflected in the Consolidated Statements of Changes in Shareholders' Equity. See footnote 19 for further information.

SECURITIES - AVAILABLE-FOR-SA29

SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY (Tables)	12 Months Ended
	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities Reconciliation	The fair value of the available-for-sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows: December 31, 2017 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) U.S. government-sponsored agencies $ 21,699 $ 30 $ 396 $ 21,333 Obligations of state and political subdivisions 3,221 — 56 3,165 Mortgage-backed securities 64,775 70 1,011 63,834 Asset-backed securities (a) 6,672 30 4 6,698 Corporate debt 14,437 94 302 14,229 Total debt securities 110,804 224 1,769 109,259 Other equity investments 3,982 — 226 3,756 Total $ 114,786 $ 224 $ 1,995 $ 113,015 December 31, 2016 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) U.S. government-sponsored agencies $ 17,789 $ 61 $ 405 $ 17,445 Obligations of state and political subdivisions 3,238 — 142 3,096 Mortgage-backed securities 52,785 150 889 52,046 Asset-backed securities (a) 8,392 — 125 8,267 Corporate debt 14,504 50 517 14,037 Total debt securities 96,708 261 2,078 94,891 Other equity investments 3,886 — 194 3,692 Total $ 100,594 $ 261 $ 2,272 $ 98,583 (a) Collateralized by student loans.
Schedule of Held to Maturity Securities and Related Unrecognized Gains and Losses	The following is a summary of the held to maturity securities and related gross unrealized gains and losses: December 31, 2017 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Treasury $ 999 $ — $ 11 $ 988 U.S. government-sponsored agencies 27,075 4 760 26,319 Obligations of state and political subdivisions 4,057 21 23 4,055 Mortgage-backed securities 20,311 76 198 20,189 Total $ 52,442 $ 101 $ 992 $ 51,551 December 31, 2016 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Treasury $ 999 $ — $ 4 $ 995 U.S. government-sponsored agencies 19,162 28 865 18,325 Obligations of state and political subdivisions 7,102 75 30 7,147 Mortgage-backed securities 25,067 163 167 25,063 Total $ 52,330 $ 266 $ 1,066 $ 51,530
Amortized Cost and Fair Value of the Investment Securities Portfolio by Contractual Maturity.	The following table presents the amortized cost and fair value of the debt securities portfolio by contractual maturity. As issuers may have the right to call or prepay obligations with or without call or prepayment premiums, the actual maturities may differ from contractual maturities. Securities not due at a single maturity date, such as mortgage-backed securities and asset-backed securities, are shown separately. December 31, 2017 Amortized Cost Fair Value (In thousands) Available-for-sale Within one year $ 1,000 $ 999 After one year, but within five years 9,933 9,837 After five years, but within ten years 23,270 22,899 After ten years 5,154 4,992 Mortgage-backed securities 64,775 63,834 Asset-backed securities 6,672 6,698 Total $ 110,804 $ 109,259 Held to maturity Within one year $ 1,410 $ 1,413 After one year, but within five years 8,987 8,935 After five years, but within ten years 21,237 20,540 After ten years 497 474 Mortgage-backed securities 20,311 20,189 Total $ 52,442 $ 51,551
Schedule of Continuous Unrealized Loss Position for Investment Securities Available for Sale and Held to Maturity	The following tables summarize the fair value and unrealized losses of those investment securities which reported an unrealized loss at December 31, 2017 and 2016 , and if the unrealized loss position was continuous for the twelve months prior to December 31, 2017 and 2016 . Available-for-Sale December 31, 2017 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. government- sponsored agencies $ 8,260 $ (70 ) $ 11,174 $ (326 ) $ 19,434 $ (396 ) Obligations of state and political subdivisions 1,384 (7 ) 1,781 (49 ) 3,165 (56 ) Mortgage-backed securities 30,575 (201 ) 26,809 (810 ) 57,384 (1,011 ) Asset-backed securities — — 3,013 (4 ) 3,013 (4 ) Corporate debt — — 9,135 (302 ) 9,135 (302 ) Other equity investments — — 3,696 (226 ) 3,696 (226 ) Total temporarily impaired securities $ 40,219 $ (278 ) $ 55,608 $ (1,717 ) $ 95,827 $ (1,995 ) December 31, 2016 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. government- sponsored agencies $ 10,548 $ (260 ) $ 3,402 $ (145 ) $ 13,950 $ (405 ) Obligations of state and political subdivisions 3,095 (142 ) — — 3,095 (142 ) Mortgage-backed securities 35,009 (779 ) 3,360 (110 ) 38,369 (889 ) Asset-backed securities — — 8,267 (125 ) 8,267 (125 ) Corporate debt 8,031 (473 ) 956 (44 ) 8,987 (517 ) Other equity investments — — 3,632 (194 ) 3,632 (194 ) Total temporarily impaired securities $ 56,683 $ (1,654 ) $ 19,617 $ (618 ) $ 76,300 $ (2,272 ) Held to Maturity December 31, 2017 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. Treasury $ 988 $ (11 ) $ — $ — $ 988 $ (11 ) U.S. government- sponsored agencies 10,032 (139 ) 15,265 (621 ) 25,297 (760 ) Obligations of state and political subdivisions — — 474 (23 ) 474 (23 ) Mortgage-backed securities 9,531 (114 ) 3,896 (84 ) 13,427 (198 ) Total temporarily impaired securities $ 20,551 $ (264 ) $ 19,635 $ (728 ) $ 40,186 $ (992 ) December 31, 2016 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. Treasury $ 995 $ (4 ) $ — $ — $ 995 $ (4 ) U.S. government- sponsored agencies 17,022 (865 ) — — 17,022 (865 ) Obligations of state and political subdivisions 476 (30 ) — — 476 (30 ) Mortgage-backed securities 12,901 (167 ) — — 12,901 (167 ) Total temporarily impaired securities $ 31,394 $ (1,066 ) $ — $ — $ 31,394 $ (1,066 )

LOANS AND ALLOWANCE FOR LOAN 30

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Loan Portfolio Schedule	At December 31, 2017 and 2016 , respectively, the loan portfolio consisted of the following: December 31, 2017 2016 (In thousands) Commercial: Secured by real estate $ 31,684 $ 34,213 Other 57,372 47,852 Commercial real estate 493,542 382,551 Commercial construction 2,152 14,943 Residential real estate 85,760 84,321 Consumer: Secured by real estate 32,207 30,176 Other 563 244 Government Guaranteed Loans - guaranteed portion 8,334 9,732 Other 106 51 Total gross loans 711,720 604,083 Less: Deferred loan costs, net 397 226 Allowance for loan losses 8,762 7,905 9,159 8,131 Loans, net $ 702,561 $ 595,952
Schedule of Allowance for Loan Losses	Activity in the allowance for loan losses is summarized as follows: Year Ended December 31, 2017 Balance beginning of period Provision charged to operations Loans charged-off Recoveries of loans charged-off Balance end of period (In thousands) Commercial $ 2,663 $ 301 $ (3 ) $ 97 $ 3,058 Commercial real estate 4,734 697 — 100 5,531 Commercial construction 355 (322 ) — — 33 Residential real estate 66 2 — — 68 Consumer 75 (19 ) — 8 64 Other — 1 (1 ) 1 1 Unallocated 12 (5 ) — — 7 Balance, ending $ 7,905 $ 655 $ (4 ) $ 206 $ 8,762 Year Ended December 31, 2016 Balance beginning of period Provision charged to operations Loans charged-off Recoveries of loans charged-off Balance end of period (In thousands) Commercial $ 3,698 $ (1,409 ) $ (72 ) $ 446 $ 2,663 Commercial real estate 4,660 8 (96 ) 162 4,734 Commercial construction 114 241 — — 355 Residential real estate 109 (43 ) — — 66 Consumer 118 (37 ) (11 ) 5 75 Other 3 (1 ) (3 ) 1 — Unallocated 121 (109 ) — — 12 Balance, ending $ 8,823 $ (1,350 ) $ (182 ) $ 614 $ 7,905 The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method as of December 31, 2017 and 2016 : December 31, 2017 Commercial Commercial Real Estate Commercial Construction Residential Real Estate Consumer Government Guaranteed Other Loans Unallocated Total (In thousands) Allowance for loan losses: Ending allowance balance attributable to loans Individually evaluated for impairment $ 34 $ 575 $ — $ — $ — $ — $ — $ — $ 609 Collectively evaluated for impairment 3,024 4,956 33 68 64 — 1 7 8,153 Total ending allowance balance $ 3,058 $ 5,531 $ 33 $ 68 $ 64 $ — $ 1 $ 7 $ 8,762 Loans: Loans individually evaluated for impairment $ 549 $ 6,236 $ — $ 295 $ 62 $ — $ — $ — $ 7,142 Loans collectively evaluated for impairment 88,507 487,306 2,152 85,465 32,708 8,334 106 — 704,578 Total ending loan balance $ 89,056 $ 493,542 $ 2,152 $ 85,760 $ 32,770 $ 8,334 $ 106 $ — $ 711,720 December 31, 2016 Commercial Commercial Real Estate Commercial Construction Residential Real Estate Consumer Government Guaranteed Other Loans Unallocated Total (In thousands) Allowance for loan losses: Ending allowance balance attributable to loans Individually evaluated for impairment $ 9 $ 601 $ — $ — $ — $ — $ — $ — $ 610 Collectively evaluated for impairment 2,654 4,133 355 66 75 — — 12 7,295 Total ending allowance balance $ 2,663 $ 4,734 $ 355 $ 66 $ 75 $ — $ — $ 12 $ 7,905 Loans: Loans individually evaluated for impairment $ 1,698 $ 6,331 $ — $ — $ 78 $ — $ — $ — $ 8,107 Loans collectively evaluated for impairment 80,367 376,220 14,943 84,321 30,342 9,732 51 — 595,976 Total ending loan balance $ 82,065 $ 382,551 $ 14,943 $ 84,321 $ 30,420 $ 9,732 $ 51 $ — $ 604,083
Schedule of Recorded Investment in Nonaccrual Loans	The following table presents the recorded investment in nonaccrual loans at the dates indicated: December 31, 2017 2016 (In thousands) Commercial: Secured by real estate $ 136 $ — Commercial real estate 701 528 Residential real estate 295 — Consumer: Secured by real estate 62 78 Total nonaccrual loans $ 1,194 $ 606
Schedule of Recorded Investments in Impaired Loans	The following table presents loans individually evaluated for impairment by class of loans at and for the periods indicated: At And For The Year Ended December 31, 2017 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized (In thousands) With no related allowance recorded: Commercial: Secured by real estate $ 389 $ 389 $ 964 $ 70 Commercial real estate 3,442 3,124 3,148 121 Residential real estate 295 295 59 — Consumer: Secured by real estate 71 62 70 — With an allowance recorded: Commercial: Secured by real estate 33 32 $ 27 45 — Other 128 128 7 171 12 Commercial real estate 3,112 3,112 575 3,144 128 Total impaired loans $ 7,470 $ 7,142 $ 609 $ 7,601 $ 331 During the year ended December 31, 2017 , no interest income was recognized on a cash basis. At And For The Year Ended December 31, 2016 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized (In thousands) With no related allowance recorded: Commercial: Secured by real estate $ 1,481 $ 1,353 $ 2,018 $ 92 Other — — 27 — Commercial real estate 3,448 3,156 3,128 181 Commercial construction — — — — Residential real estate — — — — Consumer: Secured by real estate 81 78 81 — With an allowance recorded: Commercial: Secured by real estate 120 120 $ — 186 7 Other 225 225 9 247 17 Commercial real estate 3,175 3,175 601 4,109 130 Total impaired loans $ 8,530 $ 8,107 $ 610 $ 9,796 $ 427
Schedule of Aging of the Recorded Investment in Past Due Loans by Class of Loans	The following table presents the aging of the recorded investment in past due loans by class of loans as of December 31, 2017 and 2016 . Nonaccrual loans are included in the disclosure by payment status: December 31, 2017 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Loans Not Past Due Total (In thousands) Commercial: Secured by real estate $ 186 $ — $ — $ 186 $ 31,498 $ 31,684 Other 8 — — 8 57,364 57,372 Commercial real estate 300 — 599 899 492,643 493,542 Commercial construction — — — — 2,152 2,152 Residential real estate 314 — — 314 85,446 85,760 Consumer: Secured by real estate — — 28 28 32,179 32,207 Other — — — — 563 563 Government Guaranteed Loans — — — — 8,334 8,334 Other — — — — 106 106 Total $ 808 $ — $ 627 $ 1,435 $ 710,285 $ 711,720 December 31, 2016 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Loans Not Past Due Total (In thousands) Commercial: Secured by real estate $ — $ — $ — $ — $ 34,213 $ 34,213 Other — — — — 47,852 47,852 Commercial real estate 106 — — 106 382,445 382,551 Commercial construction — — — — 14,943 14,943 Residential real estate — — — — 84,321 84,321 Consumer: Secured by real estate 6 — 40 46 30,130 30,176 Other — — — — 244 244 Government Guaranteed Loans — — — — 9,732 9,732 Other — — — — 51 51 Total $ 112 $ — $ 40 $ 152 $ 603,931 $ 604,083
Schedule of Debtor Troubled Debt Restructuring, Current Period	The following table presents the number of loans and their recorded investment immediately prior to the modification date and immediately after the modification date by class that were modified as troubled debt restructurings during the year ended December 31, 2016: December 31, 2016 Number of Loans Pre- Modification Recorded Investment Post- Modification Recorded Investment (Dollars in thousands) Commercial: Secured by real estate 2 $ 786 $ 786 Total 2 $ 786 $ 786
Schedule of Loans by Credit Quality Indicators	As of December 31, 2017 and 2016 , and based on the most recent analysis performed at those times, the risk category of loans by class is as follows: December 31, 2017 Pass Special Mention Substandard Doubtful Loss Total (In thousands) Commercial: Secured by real estate $ 29,025 $ 2,153 $ 506 $ — $ — $ 31,684 Other 56,632 216 524 — — 57,372 Commercial real estate 481,443 10,023 2,076 — — 493,542 Commercial construction 2,152 — — — — 2,152 Total $ 569,252 $ 12,392 $ 3,106 $ — $ — $ 584,750 December 31, 2016 Pass Special Mention Substandard Doubtful Loss Total (In thousands) Commercial: Secured by real estate $ 32,159 $ 1,601 $ 453 $ — $ — $ 34,213 Other 46,865 404 583 — — 47,852 Commercial real estate 366,251 14,345 1,955 — — 382,551 Commercial construction 14,943 — — — — 14,943 Total $ 460,218 $ 16,350 $ 2,991 $ — $ — $ 479,559
Schedule of Recorded Investment in Residential Real Estate and Consumer Loans Based on Payment Activity	The following table presents the recorded investment in residential real estate and consumer loans based on payment activity as of December 31, 2017 and 2016 . December 31, 2017 Current Past Due or Nonaccrual Total (In thousands) Residential real estate $ 85,446 $ 314 $ 85,760 Consumer: Secured by real estate 32,179 28 32,207 Other 563 — 563 Total $ 118,188 $ 342 $ 118,530 December 31, 2016 Current Past Due or Nonaccrual Total (In thousands) Residential real estate $ 84,321 $ — $ 84,321 Consumer: Secured by real estate 30,130 46 30,176 Other 244 — 244 Total $ 114,695 $ 46 $ 114,741

PREMISES AND EQUIPMENT, NET (Ta

PREMISES AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	The balance of premises and equipment consists of the following at December 31, 2017 and 2016 : Years Ended December 31, 2017 2016 (In thousands) Land $ 3,240 $ 3,240 Buildings and improvements 4,505 4,494 Leasehold improvements 1,923 1,902 Furniture, fixtures, and equipment 1,605 964 11,273 10,600 Less: accumulated depreciation and amortization 4,364 4,034 Total premises & equipment, net $ 6,909 $ 6,566

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	12 Months Ended
	Dec. 31, 2017
OTHER REAL ESTATE OWNED [Abstract]
Schedule of Other Real Estate Owned	The balance of other real estate owned consists of the following at December 31, 2017 and 2016 : Years Ended December 31, 2017 2016 (In thousands) Acquired by foreclosure or deed in lieu of foreclosure $ — $ 404 Allowance for losses on other real estate owned — (3 ) Other real estate, net $ — $ 401
Schedule of Activity in Allowance for Losses on Other Real Estate Owned	Activity in the allowance for losses on other real estate owned was as follows: Years Ended December 31, 2017 2016 (In thousands) Beginning of year $ 3 $ — Additions charged to expense — 23 Reductions from sales of other real estate owned (3 ) (20 ) End of year $ — $ 3
Schedule of Expenses Related to Other Real Estate Owned	Expenses related to other real estate owned include: Years Ended December 31, 2017 2016 (In thousands) Provision for unrealized losses $ — $ 23 Operating expenses, net of rental income 24 120 End of year $ 24 $ 143

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2017
DEPOSITS [Abstract]
Schedule of Deposit Liabilities	The following table presents deposits at December 31, 2017 and 2016 : December 31, 2017 2016 (In thousands) Noninterest-bearing demand $ 172,861 $ 169,306 Interest-bearing checking accounts 196,924 199,672 Money market accounts 110,256 42,606 Total interest-bearing demand 307,180 242,278 Statement savings and clubs 77,284 82,521 Business savings 5,830 8,156 Total savings 83,114 90,677 IRA investment and variable rate savings 33,236 28,771 Brokered certificates 25,944 8,299 Money market certificates 141,764 119,599 Total certificates of deposit 200,944 156,669 Total interest-bearing deposits 591,238 489,624 Total deposits $ 764,099 $ 658,930
Schedule of Maturities of Time Deposits	The scheduled maturities of certificates of deposit were as follows: Year Ended December 31, Balances (In thousands) 2018 $ 73,610 2019 86,853 2020 25,162 2021 9,284 2022 6,035 $ 200,944
Schedule of Interest Expense on Deposits	The following table presents interest expense on deposits at December 31, 2017 and 2016 summarized as follows: December 31, 2017 2016 (In thousands) Total interest bearing demand $ 709 $ 558 Total savings 91 89 Total certificates of deposit 2,389 1,645 Total interest expense $ 3,189 $ 2,292

BORROWINGS (Tables)

BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of Maturities of FHLB Advances	The following table presents Federal Home Loan Bank of New York ("FHLB-NY") advances by maturity date: December 31, 2017 December 31, 2016 Advances Maturing Amount Weighted Average Rate Amount Weighted Average Rate (Dollars in thousands) Within one year $ 20,760 1.59 % $ 26,200 1.03 % After one year, but within two years 33,000 1.76 % 15,000 1.73 % After two years, but within three years 5,000 1.88 % 13,000 1.86 % After three years, but within four years 5,000 1.68 % — — % After four years, but within five years — — % 5,000 1.68 % Total advances maturing $ 63,760 1.71 % $ 59,200 1.45 %

SUBORDINATED DEBENTURES AND S35

SUBORDINATED DEBENTURES AND SUBORDINATED NOTES (Tables)	12 Months Ended
	Dec. 31, 2017
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES [Abstract]
Schedule of Subordinated Debt	Carrying Amount December 31, Issue Maturity Rate 2017 2016 (In thousands) 9/17/2003 9/17/2033 Fixed / Floating Rate Junior Subordinated Debentures $ 7,217 $ 7,217 8/28/2015 8/25/2025 Fixed Rate Subordinated Notes 16,100 16,035 Total $ 23,317 $ 23,252

REGULATORY CAPITAL REQUIREMEN36

REGULATORY CAPITAL REQUIREMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
REGULATORY CAPITAL REQUIREMENTS [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	Actual Required for Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Regulations Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2017 Tier 1 Leverage ratio Corporation $ 81,886 8.88 % $ 36,867 4.00 % N/A N/A Bank 92,824 10.12 % 36,698 4.00 % $ 45,872 5.00 % Risk-based capital: Common Equity Tier 1 Corporation N/A N/A N/A N/A N/A N/A Bank 92,824 12.24 % 34,113 4.50 % 49,274 6.50 % Tier 1 Corporation 81,886 10.96 % 29,889 4.00 % N/A N/A Bank 92,824 12.24 % 45,484 6.00 % 60,645 8.00 % Total Corporation 106,748 14.29 % 59,777 8.00 % N/A N/A Bank 101,586 13.40 % 60,645 8.00 % 75,807 10.00 % December 31, 2016 Tier 1 Leverage ratio Corporation $ 59,591 7.65 % $ 31,151 4.00 % N/A N/A Bank 72,355 9.32 % 31,055 4.00 % $ 38,818 5.00 % Risk-based capital: Common Equity Tier 1 Corporation N/A N/A N/A N/A N/A N/A Bank 72,355 11.13 % 29,263 4.50 % 42,269 6.50 % Tier 1 Corporation 59,591 9.35 % 25,504 4.00 % N/A N/A Bank 72,355 11.13 % 39,018 6.00 % 52,024 8.00 % Total Corporation 83,531 13.10 % 51,008 8.00 % N/A N/A Bank 80,260 12.34 % 52,024 8.00 % 65,030 10.00 %

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of changes in nonvested restricted shares	Changes in nonvested restricted shares were as follows: 2017 2016 Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Balance January 1 68,586 $ 5.52 64,970 $ 5.29 Granted 20,876 8.88 34,332 5.76 Vested (34,675 ) 5.40 (24,996 ) 5.24 Forfeited (3,259 ) 6.41 (5,720 ) 5.53 Balance December 31 51,528 $ 6.91 68,586 $ 5.52

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following reconciles the income available to common shareholders (numerator) and the weighted average common stock outstanding (denominator) for both basic and diluted earnings per share: Years Ended December 31, 2017 2016 (Dollars in thousands, except per share amounts) Net income available to common shareholders $ 3,947 $ 4,736 Weighted average common shares outstanding - basic and diluted 7,906,791 6,109,983 Basic and diluted earnings per common share $ 0.50 $ 0.78

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The components of income tax expense are summarized as follows: Years Ended December 31, 2017 2016 (In thousands) Current tax expense Federal $ 2,438 $ 1,394 State 919 579 3,357 1,973 Deferred tax expense Federal 1,555 624 State (128 ) 175 Valuation allowance (8 ) (77 ) 1,419 722 Total $ 4,776 $ 2,695
Schedule of Effective Income Tax Rate Reconciliation	The following table presents a reconciliation between the reported income taxes and the income taxes which would be computed by applying the normal federal income tax rate (34%) to income before income taxes: Years Ended December 31, 2017 2016 (In thousands) Federal income tax $ 2,966 $ 2,527 Add (deduct) effect of: State income taxes, net of federal income tax effect 606 533 Nontaxable interest income (129 ) (153 ) Effect of change in Federal statutory tax rate 1,420 — Bank owned life insurance (198 ) (147 ) Nondeductible expenses (31 ) 12 Change in valuation reserve (8 ) (77 ) Out of period adjustment for state fixed asset basis 150 — Effective federal income taxes $ 4,776 $ 2,695
Schedule of Deferred Tax Assets and Liabilities	The tax effects of existing temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows: December 31, 2017 2016 (In thousands) Deferred tax assets: Allowance for loan losses $ 2,455 $ 3,157 Accrued compensation 91 83 Nonaccrual loan interest 12 3 Depreciation 202 340 Contribution carry forward 2 55 Restricted stock — 55 Mortgage servicing rights (5 ) — Accrued contributions 167 144 Unrealized loss on securities available-for-sale 498 335 Alternate minimum tax — 270 3,422 4,442 Valuation reserve (2 ) (10 ) 3,420 4,432 Deferred tax liabilities OREO reserve — 1 Other — 4 — 5 Net deferred tax assets $ 3,420 $ 4,427

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	At December 31, 2017 , the minimum rental commitments on the noncancellable leases with an initial term of one year and expiring thereafter are as follows: Year Ended Minimum December 31, Rent (In thousands) 2018 $ 703 2019 631 2020 536 2021 359 2022 326 Thereafter 875 $ 3,430

INTEREST RATE SWAP (Tables)

INTEREST RATE SWAP (Tables)	12 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary Information of Interest Swap	Summary information as of December 31, 2017 about the interest swap designated as a cash flow hedge is as follows: Notional amount $7,000,000 Pay rate 5.323% Receive rate 3 month LIBOR plus 2.95% Maturity June 17, 2027 Unrealized loss $(29,000)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The following table presents the after tax net gains recorded in accumulated other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the periods indicated. Year Ended December 31, 2017 Amount of Gain (Loss) Recognized in OCI (Effective Portion) Amount of Gain (Loss) Reclassified from OCI to Interest income Amount of Gain (Loss) Recognized in Other Noninterest Income (Ineffective Portion) (In thousands) Interest rate contract $ (21 ) $ — $ — Year Ended December 31, 2016 Amount of Gain Recognized in OCI (Effective Portion) Amount of Gain (Loss) Reclassified from OCI to Interest Income Amount of Gain (Loss) Recognized in Other Noninterest Income (Ineffective Portion) (In thousands) Interest rate contract $ 37 $ — $ —

FAIR VALUE OF FINANCIAL INSTR42

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	Assets and liabilities measured at fair value on a recurring basis are summarized below: Fair Value Measurements Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2017 (In thousands) Assets: Available-for-sale securities U.S. government - sponsored agencies $ 21,333 $ — $ 21,333 $ — Obligations of state and political subdivisions 3,165 — 3,165 — Mortgage-backed securities 63,834 — 63,834 — Asset-backed securities 6,698 — 6,698 — Corporate bonds 14,229 — 14,229 — Other equity investments 3,756 3,696 60 — Total available-for-sale securities $ 113,015 $ 3,696 $ 109,319 $ — Liabilities: Interest rate swap $ 29 $ — $ 29 $ — Fair Value Measurements Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2016 (In thousands) Assets: Available-for-sale securities U.S. government - sponsored agencies $ 17,445 $ — $ 17,445 $ — Obligations of state and political subdivisions 3,096 — 3,096 — Mortgage-backed securities 52,046 — 52,046 — Asset-backed securities 8,267 — 8,267 — Corporate bonds 14,037 — 14,037 — Other equity investments 3,692 3,632 60 — Total available-for-sale securities $ 98,583 $ 3,632 $ 94,951 $ —
Schedule of Assets and Liabilities Measured at Fair Value on a Non-recurring Basis	Assets and liabilities measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2017 (In thousands) Assets: Impaired loans Commercial: Secured by real estate $ 109 $ — $ — $ 109 Commercial real estate 192 — — 192 Residential real estate 296 — — 296 Total Assets $ 597 $ — $ — $ 597 Fair Value Measurements Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2016 (In thousands) Assets: Impaired loans Commercial real estate $ 528 $ — $ — $ 528 Other real estate owned 401 — — 401 Total Assets $ 929 $ — $ — $ 929
Schedule of Fair Value Assumptions for Level 3 Asset Measurements	For the Level 3 assets measured at fair value on a non-recurring basis, the significant unobservable inputs used in the fair value measurements were as follows: December 31, 2017 Assets Fair Value Valuation Technique Unobservable Inputs Range (Dollars in thousands) Impaired loans $ 597 Comparable real estate sales and / or the income approach. Adjustments for differences between comparable sales and income data available. 5% Estimated selling costs. 7% December 31, 2016 Assets Fair Value Valuation Technique Unobservable Inputs Range (Dollars in thousands) Impaired loans $ 528 Comparable real estate sales and / or the income approach. Adjustments for differences between comparable sales and income data available. 5% Estimated selling costs. 7% Other real estate owned $ 401 Comparable real estate sales and / or the income approach. Adjustments for differences between comparable sales and income data available. 2% Estimated selling costs. 7%
Schedule of Fair Value Estimates for the Financial Instruments	Fair value estimates for the Corporation’s financial instruments are summarized below: Fair Value Measurements Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2017 (In thousands) Financial assets: Cash and cash equivalents $ 21,270 $ 21,270 $ — $ — Securities available-for-sale 113,015 3,696 109,319 — Securities held to maturity 52,442 — 51,551 — FHLB-NY stock 3,715 N/A N/A N/A Mortgage loans held for sale 370 — — 370 Loans, net 702,561 — — 714,387 Financial liabilities: Deposits 764,099 565,292 197,696 — FHLB-NY advances 63,760 — 63,340 — Subordinated Debentures and Subordinated Notes 23,317 — — 23,478 Interest rate swap 29 — 29 — Fair Value Measurements Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2016 (In thousands) Financial assets: Cash and cash equivalents $ 11,680 $ 11,680 $ — $ — Securities available-for-sale 98,583 3,632 94,951 — Securities held to maturity 52,330 — 51,530 — FHLB-NY stock 3,515 N/A N/A N/A Mortgage loans held for sale 773 — — 773 Loans, net 595,952 — — 596,506 Financial liabilities: Deposits 658,930 503,949 154,724 — FHLB-NY advances 59,200 — 59,174 — Subordinated Debentures and Subordinated Notes 23,252 — — 23,230

PARENT COMPANY ONLY (Tables)

PARENT COMPANY ONLY (Tables)	12 Months Ended
	Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Statement of Financial Condition	Condensed Statements of Financial Condition December 31, 2017 2016 (In thousands) Assets Cash and due from banks $ 378 $ 264 Securities available-for-sale 3,911 1,926 Investment in subsidiary 91,689 71,564 Accrued interest receivable 21 10 Other assets 1,435 1,296 Total assets $ 97,434 $ 75,060 Liabilities and Shareholders' equity Subordinated Debentures $ 7,217 $ 7,217 Subordinated Notes 16,100 16,035 Other liabilities 452 421 Shareholders' equity 73,665 51,387 Total liabilities and Shareholders' equity $ 97,434 $ 75,060
Condensed Statements of Income	Condensed Statements of Income Years Ended December 31, 2017 2016 (In thousands) Interest income - securities available-for-sale $ 76 $ 29 Dividend income 2,218 1,905 Other income 10 8 Total income 2,304 1,942 Interest expense 1,492 1,505 Other expenses 354 290 Total expenses 1,846 1,795 Income before income tax benefit 458 147 Tax benefit (597 ) (596 ) Income before equity in undistributed earnings of subsidiary 1,055 743 Equity in undistributed earnings of subsidiary 2,892 3,993 Net income $ 3,947 $ 4,736
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows Years Ended December 31, 2017 2016 (In thousands) Cash flows from operating activities: Net income $ 3,947 $ 4,736 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiary (2,892 ) (3,993 ) Amortization of Subordinated Notes issuance cost 65 66 Gain on calls of securities (1 ) — Increase in accrued interest receivable (11 ) (8 ) Increase in other assets (139 ) (197 ) Increase (decrease) in other liabilities 18 (9 ) Net cash provided by operating activities 987 595 Cash flows from investing activities: Purchase of securities available-for-sale (2,999 ) (4,498 ) Proceeds from calls on securities available-for-sale 500 3,500 Proceeds from maturities on securities available-for-sale 500 — Investment in subsidiary bank (16,800 ) — Net cash used in investing activities (18,799 ) (998 ) Cash flows from financing activities: Proceeds from issuance of common stock, net of costs 18,860 — Cash dividends paid on common stock (961 ) (672 ) Payment of discount on dividend reinvestment plan (5 ) (4 ) Restricted stock-forfeited (135 ) (82 ) Issuance of common stock 167 103 Net cash provided by (used in) financing activities 17,926 (655 ) Net decrease in cash and cash equivalents 114 (1,058 ) Cash and cash equivalents - beginning 264 1,322 Cash and cash equivalents - ending $ 378 $ 264

ACCUMULATED OTHER COMPREHENSI44

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Dec. 31, 2017
Stockholders' Equity Note [Abstract]
Schedule of components of comprehensive income	The components of comprehensive income, both gross and net of tax, are presented for the periods below: Years Ended December 31, 2017 December 31, 2016 Gross Tax Effect Net Gross Tax Effect Net (In thousands) Net income $ 8,723 $ (4,776 ) $ 3,947 $ 7,431 $ (2,695 ) $ 4,736 Other comprehensive income: Change in unrealized holding gains (losses) on securities available-for-sale 241 (91 ) 150 (952 ) 358 (594 ) Reclassification adjustment for gains in net income (1 ) — (1 ) (63 ) 24 (39 ) Accretion of loss on securities reclassified to held to maturity 46 (18 ) 28 196 (76 ) 120 Change in fair value of interest rate swap (29 ) 12 (17 ) 62 (25 ) 37 Total other comprehensive income 257 (97 ) 160 (757 ) 281 (476 ) Total comprehensive income $ 8,980 $ (4,873 ) $ 4,107 $ 6,674 $ (2,414 ) $ 4,260
Schedule of Components of Accumulated Other Comprehensive Income	The following table presents the components of accumulated other comprehensive income (loss), net of tax, for the years ended December 31, 2017 and 2016 , including the reclassification of income tax effects due to the adoption of ASU No. 2018-02 for the year ended December 31, 2017. Year Ended December 31, 2017 Components of Accumulated Other Comprehensive Income Total Unrealized Gains and (Losses) on Available-for-Sale (AFS) Securities Loss on Securities Reclassified from Available-for-Sale to Held to Maturity Unrealized Gains and (Losses) on Derivatives Accumulated Other Comprehensive Income (Loss) (In thousands) Balance at December 31, 2016 $ (1,243 ) $ (78 ) $ — $ (1,321 ) Other comprehensive income (loss) before reclassifications 150 28 (17 ) 161 Amounts reclassified from other comprehensive income (1 ) — — (1 ) Other comprehensive income, net 149 28 (17 ) 160 Reclassification of tax effects due to the adoption of ASU No. 2018-02 (209 ) (10 ) (4 ) (223 ) Balance at December 31, 2017 $ (1,303 ) $ (60 ) $ (21 ) $ (1,384 ) Year Ended December 31, 2016 Components of Accumulated Other Comprehensive Income Total Unrealized Gains and (Losses) on Available-for-Sale (AFS) Securities Loss on Securities Reclassified from Available-for-Sale to Held to Maturity Unrealized Gains and (Losses) on Derivatives Accumulated Other Comprehensive Income (Loss) (In thousands) Balance at December 31, 2015 $ (610 ) $ (198 ) $ (37 ) $ (845 ) Other comprehensive income (loss) before reclassifications (594 ) 120 37 (437 ) Amounts reclassified from other comprehensive income (39 ) — — (39 ) Other comprehensive income, net (633 ) 120 37 (476 ) Balance at December 31, 2016 $ (1,243 ) $ (78 ) $ — $ (1,321 )
Schedule of Amount Reclassified from each Component of Accumulated Other Comprehensive Income	The following table presents amounts reclassified from each component of accumulated other comprehensive income on a gross and net of tax basis for the years ended December 31, 2017 and 2016 . Years Ended Components of Accumulated Other December 31, Income Statement Comprehensive Income (Loss) 2017 2016 Line Item (In thousands) Unrealized gains on AFS securities before tax $ 1 $ 63 Gains on securities transactions, net Tax effect — (24 ) Total, net of tax 1 39 Total reclassifications, net of tax $ 1 $ 39

QUARTERLY FINANCIAL DATA (Una45

QUARTERLY FINANCIAL DATA (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	The following table contains quarterly financial data for the years ended December 31, 2017 and 2016 . Year Ended December 31, 2017 First Quarter Second Quarter Third Quarter Fourth Quarter Total (In thousands, except per share amounts) Interest income $ 7,424 $ 7,943 $ 8,400 $ 8,463 $ 32,230 Interest expense 1,244 1,409 1,577 1,628 5,858 Net interest income before provision for loan losses 6,180 6,534 6,823 6,835 26,372 Provision for loan losses 300 260 20 75 655 Net interest income after provision for loan losses 5,880 6,274 6,803 6,760 25,717 Noninterest income 799 813 845 850 3,307 Noninterest expenses 5,114 5,083 5,036 5,068 20,301 Income before income tax expense 1,565 2,004 2,612 2,542 8,723 Income tax expense 574 736 972 2,494 4,776 Net income $ 991 $ 1,268 $ 1,640 $ 48 $ 3,947 Basic and diluted earnings per share $ 0.16 $ 0.16 $ 0.19 $ 0.01 $ 0.50 Year Ended December 31, 2016 First Quarter Second Quarter Third Quarter Fourth Quarter Total (In thousands, except per share amounts) Interest income $ 6,449 $ 6,979 $ 6,657 $ 7,000 $ 27,085 Interest expense 1,173 1,124 1,113 1,103 4,513 Net interest income before provision for loan losses 5,276 5,855 5,544 5,897 22,572 Provision for loan losses (350 ) (450 ) (250 ) (300 ) (1,350 ) Net interest income after provision for loan losses 5,626 6,305 5,794 6,197 23,922 Noninterest income 819 832 823 937 3,411 Noninterest expenses 4,902 4,999 4,999 5,002 19,902 Income before income tax expense 1,543 2,138 1,618 2,132 7,431 Income tax expense 552 776 583 784 2,695 Net income $ 991 $ 1,362 $ 1,035 $ 1,348 $ 4,736 Basic and diluted earnings per share $ 0.16 $ 0.22 $ 0.17 $ 0.22 $ 0.78

SIGNIFICANT ACCOUNTING POLICI46

SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
Property, Plant and Equipment [Line Items]
Dividend reinvestment plan, option to purchase new shares at percentage of market value	95.00%
Dividend reinvestment plan, discount rate reimbursed to broker at sale of stock	5.00%
Dividends that the Bank could have paid	$ 10,400
Reclassification due to the adoption of ASU 2018-02	$ 223
Buildings and improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	P3Y
Buildings and improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	P40Y
Furniture, Fixtures, and Equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	P3Y
Furniture, Fixtures, and Equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	P25Y
Accounting Standards Update 2018-02
Property, Plant and Equipment [Line Items]
Reclassification due to the adoption of ASU 2018-02	$ 223

SECURITIES - AVAILABLE-FOR-SA47

SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY (Schedule of Fair Value of Available For Sale Securities and Related Gross Unrealized Gains and Losses) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Available-for-sale securities
Amortized Cost	$ 114,786	$ 100,594
Gross Unrealized Gains	224	261
Gross Unrealized Losses	1,995	2,272
Fair Value	113,015	98,583
U.S. government-sponsored agencies
Available-for-sale securities
Amortized Cost	21,699	17,789
Gross Unrealized Gains	30	61
Gross Unrealized Losses	396	405
Fair Value	21,333	17,445
Obligations of state and political subdivisions
Available-for-sale securities
Amortized Cost	3,221	3,238
Gross Unrealized Gains	0	0
Gross Unrealized Losses	56	142
Fair Value	3,165	3,096
Mortgage-backed securities
Available-for-sale securities
Amortized Cost	64,775	52,785
Gross Unrealized Gains	70	150
Gross Unrealized Losses	1,011	889
Fair Value	63,834	52,046
Asset-backed securities
Available-for-sale securities
Amortized Cost	6,672	8,392
Gross Unrealized Gains	30	0
Gross Unrealized Losses	4	125
Fair Value	6,698	8,267
Corporate debt
Available-for-sale securities
Amortized Cost	14,437	14,504
Gross Unrealized Gains	94	50
Gross Unrealized Losses	302	517
Fair Value	14,229	14,037
Total debt securities
Available-for-sale securities
Amortized Cost	110,804	96,708
Gross Unrealized Gains	224	261
Gross Unrealized Losses	1,769	2,078
Fair Value	109,259	94,891
Other equity investments
Available-for-sale securities
Amortized Cost	3,982	3,886
Gross Unrealized Gains	0	0
Gross Unrealized Losses	226	194
Fair Value	$ 3,756	$ 3,692

SECURITIES - AVAILABLE-FOR-SA48

SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY (Narrative) (Details)	12 Months Ended
	Dec. 31, 2017USD ($)security	Dec. 31, 2016USD ($)
Schedule of Available-for-sale Securities [Line Items]
Cash proceeds realized from sales and calls of securities available for sale | $	$ 500,000	$ 22,853,000
Gross realized gain from sales and calls of securities available for sale | $	1,000	12,000
Gross realized losses from sales and calls of securities available for sale | $	0	0
Available for sale securities pledged to secure public deposits | $	990,000	990,000
Proceeds from calls on securities held to maturity | $	1,320,000	31,955,000
Held-to-maturity securities, gross realized gains | $	0	51,000
Held-to-maturity securities, gross realized losses | $	0	0
The fair value of held to maturity securities pledged to secure public deposits | $	$ 789,000	$ 450,000
U.S. government-sponsored agencies
Schedule of Available-for-sale Securities [Line Items]
Number of available-for-sale securities in a continuous loss position	13
Obligations of state and political subdivisions
Schedule of Available-for-sale Securities [Line Items]
Number of available-for-sale securities in a continuous loss position	4
Mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Number of available-for-sale securities in a continuous loss position	41
Asset-backed securities
Schedule of Available-for-sale Securities [Line Items]
Number of available-for-sale securities in a continuous loss position	1
Corporate debt
Schedule of Available-for-sale Securities [Line Items]
Number of available-for-sale securities in a continuous loss position	9
Other equity investments
Schedule of Available-for-sale Securities [Line Items]
Number of available-for-sale securities in a continuous loss position	1
Collateralized mortgage backed securities
Schedule of Available-for-sale Securities [Line Items]
Number of held-to-maturity securities in a continuous loss position	9
US government agencies debt securities
Schedule of Available-for-sale Securities [Line Items]
Number of held-to-maturity securities in a continuous loss position	15
Obligations of state and political subdivisions
Schedule of Available-for-sale Securities [Line Items]
Number of held-to-maturity securities in a continuous loss position	1

SECURITIES - AVAILABLE-FOR-SA49

SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY (Schedule of Held to Maturity Securities and Related Unrecognized Gains and Losses) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Held to maturity securities
Amortized Cost	$ 52,442	$ 52,330
Gross Unrealized Gains	101	266
Gross Unrealized Losses	992	1,066
Fair value	51,551	51,530
U.S. Treasury
Held to maturity securities
Amortized Cost	999	999
Gross Unrealized Gains	0	0
Gross Unrealized Losses	11	4
Fair value	988	995
U.S. government-sponsored agencies
Held to maturity securities
Amortized Cost	27,075	19,162
Gross Unrealized Gains	4	28
Gross Unrealized Losses	760	865
Fair value	26,319	18,325
Obligations of state and political subdivisions
Held to maturity securities
Amortized Cost	4,057	7,102
Gross Unrealized Gains	21	75
Gross Unrealized Losses	23	30
Fair value	4,055	7,147
Mortgage-backed securities
Held to maturity securities
Amortized Cost	20,311	25,067
Gross Unrealized Gains	76	163
Gross Unrealized Losses	198	167
Fair value	$ 20,189	$ 25,063

SECURITIES - AVAILABLE-FOR-SA50

SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY (Schedule of Amortized Cost and Fair Value by Contractual Maturity) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Amortized Cost
Within one year	$ 1,000
After one year, but within five years	9,933
After five years, but within ten years	23,270
After ten years	5,154
Amortized cost basis	110,804
Fair Value
Within one year	999
After one year, but within five years	9,837
After five years, but within ten years	22,899
After ten years	4,992
Available for sale securities, fair value	109,259
Amortized Cost
Within one year	1,410
After one year, but within five years	8,987
After five years, but within ten years	21,237
After ten years	497
Securities held to maturity	52,442	$ 52,330
Fair Value
Within one year	1,413
After one year, but within five years	8,935
After five years, but within ten years	20,540
After ten years	474
Fair value	51,551	51,530
Mortgage-backed securities
Amortized Cost
Amortized cost basis	64,775
Fair Value
Available for sale securities, fair value	63,834
Amortized Cost
Securities held to maturity	20,311
Fair Value
Fair value	20,189	$ 25,063
Asset-backed securities
Amortized Cost
Amortized cost basis	6,672
Fair Value
Available for sale securities, fair value	$ 6,698

SECURITIES - AVAILABLE-FOR-SA51

SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY (Schedule of Continuous Unrealized Loss Position) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	$ 40,219	$ 56,683
Less than 12 Months, Unrealized Losses	(278)	(1,654)
12 Months or Longer, Fair Value	55,608	19,617
12 Months or Longer, Unrealized Losses	(1,717)	(618)
Fair Value	95,827	76,300
Unrealized Losses	(1,995)	(2,272)
Held to maturity securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	20,551	31,394
Less than 12 Months, Unrealized Losses	(264)	(1,066)
12 Months or Longer, Fair Value	19,635	0
12 Months or Longer, Unrealized Losses	(728)	0
Fair Value	40,186	31,394
Unrealized Losses	(992)	(1,066)
U.S. Treasury
Held to maturity securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	988	995
Less than 12 Months, Unrealized Losses	(11)	(4)
12 Months or Longer, Fair Value	0	0
12 Months or Longer, Unrealized Losses	0	0
Fair Value	988	995
Unrealized Losses	(11)	(4)
U.S. government-sponsored agencies
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	8,260	10,548
Less than 12 Months, Unrealized Losses	(70)	(260)
12 Months or Longer, Fair Value	11,174	3,402
12 Months or Longer, Unrealized Losses	(326)	(145)
Fair Value	19,434	13,950
Unrealized Losses	(396)	(405)
Held to maturity securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	10,032	17,022
Less than 12 Months, Unrealized Losses	(139)	(865)
12 Months or Longer, Fair Value	15,265	0
12 Months or Longer, Unrealized Losses	(621)	0
Fair Value	25,297	17,022
Unrealized Losses	(760)	(865)
Obligations of state and political subdivisions
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	1,384	3,095
Less than 12 Months, Unrealized Losses	(7)	(142)
12 Months or Longer, Fair Value	1,781	0
12 Months or Longer, Unrealized Losses	(49)	0
Fair Value	3,165	3,095
Unrealized Losses	(56)	(142)
Held to maturity securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	0	476
Less than 12 Months, Unrealized Losses	0	(30)
12 Months or Longer, Fair Value	474	0
12 Months or Longer, Unrealized Losses	(23)	0
Fair Value	474	476
Unrealized Losses	(23)	(30)
Mortgage-backed securities
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	30,575	35,009
Less than 12 Months, Unrealized Losses	(201)	(779)
12 Months or Longer, Fair Value	26,809	3,360
12 Months or Longer, Unrealized Losses	(810)	(110)
Fair Value	57,384	38,369
Unrealized Losses	(1,011)	(889)
Held to maturity securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	9,531	12,901
Less than 12 Months, Unrealized Losses	(114)	(167)
12 Months or Longer, Fair Value	3,896	0
12 Months or Longer, Unrealized Losses	(84)	0
Fair Value	13,427	12,901
Unrealized Losses	(198)	(167)
Asset-backed securities
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	0	0
Less than 12 Months, Unrealized Losses	0	0
12 Months or Longer, Fair Value	3,013	8,267
12 Months or Longer, Unrealized Losses	(4)	(125)
Fair Value	3,013	8,267
Unrealized Losses	(4)	(125)
Corporate debt
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	0	8,031
Less than 12 Months, Unrealized Losses	0	(473)
12 Months or Longer, Fair Value	9,135	956
12 Months or Longer, Unrealized Losses	(302)	(44)
Fair Value	9,135	8,987
Unrealized Losses	(302)	(517)
Other equity investments
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	0	0
Less than 12 Months, Unrealized Losses	0	0
12 Months or Longer, Fair Value	3,696	3,632
12 Months or Longer, Unrealized Losses	(226)	(194)
Fair Value	3,696	3,632
Unrealized Losses	$ (226)	$ (194)

LOANS AND ALLOWANCE FOR LOAN 52

LOANS AND ALLOWANCE FOR LOAN LOSSES (Loan Portfolio Schedule) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	$ 711,720	$ 604,083
Less: Deferred loan costs (fees), net	397	226
Allowance for loan losses	8,762	7,905
Allowance net of deferred loan fees	9,159	8,131
Loans, net	702,561	595,952
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	89,056	82,065
Allowance for loan losses	3,058	2,663
Commercial | Secured by real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	31,684	34,213
Commercial | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	57,372	47,852
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	493,542	382,551
Allowance for loan losses	5,531	4,734
Commercial construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	2,152	14,943
Allowance for loan losses	33	355
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	85,760	84,321
Allowance for loan losses	68	66
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	32,770	30,420
Allowance for loan losses	64	75
Consumer | Secured by real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	32,207	30,176
Consumer | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	563	244
Government Guaranteed
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	8,334	9,732
Allowance for loan losses	0	0
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	106	51
Allowance for loan losses	$ 1	$ 0

LOANS AND ALLOWANCE FOR LOAN 53

LOANS AND ALLOWANCE FOR LOAN LOSSES (Narrative) (Details)	12 Months Ended
	Dec. 31, 2017USD ($)loan	Dec. 31, 2016USD ($)loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable from related parties	$ 3,248,000	$ 2,935,000
Draws	2,319,000
Repayments	$ 2,006,000
Number of loans past due over 90 days still accruing | loan	0	0
Total value of modified loans in troubled debt restructurings	$ 6,600,000	$ 8,000,000
Trouble debt restructuring classified as performing	5,900,000	7,500,000
Specific reserve related to TDR	582,000	610,000
Committed funds for construction loan, classified as troubled debt restructuring		$ 190,000
Number of loans classified as troubled debt restructuring | loan		2
Pre-modification recorded investment		$ 786,000
Post-modification recorded investment		786,000
Net decrease in allowance for loans losses	28,000	98,000
Charge-offs related to trouble debt restructurings	$ 0	$ 0
Commercial | Secured by real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans classified as troubled debt restructuring | loan		2
Pre-modification recorded investment		$ 786,000
Post-modification recorded investment		$ 786,000
Consumer | Secured by real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans classified as troubled debt restructuring | loan		2
Affiliated entity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable from related parties		$ 425,000

LOANS AND ALLOWANCE FOR LOAN 54

LOANS AND ALLOWANCE FOR LOAN LOSSES (Schedule of Allowance for Loan Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Activity in the allowance for loan losses
Balance beginning of period	$ 7,905	$ 8,823
Provision charged to operations	655	(1,350)
Loans charged-off	(4)	(182)
Recoveries of loans charged-off	206	614
Balance end of period	8,762	7,905
Commercial
Activity in the allowance for loan losses
Balance beginning of period	2,663	3,698
Provision charged to operations	301	(1,409)
Loans charged-off	(3)	(72)
Recoveries of loans charged-off	97	446
Balance end of period	3,058	2,663
Commercial real estate
Activity in the allowance for loan losses
Balance beginning of period	4,734	4,660
Provision charged to operations	697	8
Loans charged-off	0	(96)
Recoveries of loans charged-off	100	162
Balance end of period	5,531	4,734
Commercial construction
Activity in the allowance for loan losses
Balance beginning of period	355	114
Provision charged to operations	(322)	241
Loans charged-off	0	0
Recoveries of loans charged-off	0	0
Balance end of period	33	355
Residential real estate
Activity in the allowance for loan losses
Balance beginning of period	66	109
Provision charged to operations	2	(43)
Loans charged-off	0	0
Recoveries of loans charged-off	0	0
Balance end of period	68	66
Consumer
Activity in the allowance for loan losses
Balance beginning of period	75	118
Provision charged to operations	(19)	(37)
Loans charged-off	0	(11)
Recoveries of loans charged-off	8	5
Balance end of period	64	75
Other
Activity in the allowance for loan losses
Balance beginning of period	0	3
Provision charged to operations	1	(1)
Loans charged-off	(1)	(3)
Recoveries of loans charged-off	1	1
Balance end of period	1	0
Unallocated
Activity in the allowance for loan losses
Balance beginning of period	12	121
Provision charged to operations	(5)	(109)
Loans charged-off	0	0
Recoveries of loans charged-off	0	0
Balance end of period	$ 7	$ 12

LOANS AND ALLOWANCE FOR LOAN 55

LOANS AND ALLOWANCE FOR LOAN LOSSES (Schedule of Allowance for Loan Losses and Recorded Investment) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Ending balances: Allowance for loan losses
Individually evaluated for impairment	$ 609	$ 610
Collectively evaluated for impairment	8,153	7,295
Total ending allowance balance	8,762	7,905
Ending balances: Loans
Loans individually evaluated for impairment	7,142	8,107
Loans collectively evaluated for impairment	704,578	595,976
Total loans	711,720	604,083
Commercial
Ending balances: Allowance for loan losses
Individually evaluated for impairment	34	9
Collectively evaluated for impairment	3,024	2,654
Total ending allowance balance	3,058	2,663
Ending balances: Loans
Loans individually evaluated for impairment	549	1,698
Loans collectively evaluated for impairment	88,507	80,367
Total loans	89,056	82,065
Commercial real estate
Ending balances: Allowance for loan losses
Individually evaluated for impairment	575	601
Collectively evaluated for impairment	4,956	4,133
Total ending allowance balance	5,531	4,734
Ending balances: Loans
Loans individually evaluated for impairment	6,236	6,331
Loans collectively evaluated for impairment	487,306	376,220
Total loans	493,542	382,551
Commercial construction
Ending balances: Allowance for loan losses
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	33	355
Total ending allowance balance	33	355
Ending balances: Loans
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	2,152	14,943
Total loans	2,152	14,943
Residential real estate
Ending balances: Allowance for loan losses
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	68	66
Total ending allowance balance	68	66
Ending balances: Loans
Loans individually evaluated for impairment	295	0
Loans collectively evaluated for impairment	85,465	84,321
Total loans	85,760	84,321
Consumer
Ending balances: Allowance for loan losses
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	64	75
Total ending allowance balance	64	75
Ending balances: Loans
Loans individually evaluated for impairment	62	78
Loans collectively evaluated for impairment	32,708	30,342
Total loans	32,770	30,420
Government Guaranteed
Ending balances: Allowance for loan losses
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	0	0
Total ending allowance balance	0	0
Ending balances: Loans
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	8,334	9,732
Total loans	8,334	9,732
Other
Ending balances: Allowance for loan losses
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	1	0
Total ending allowance balance	1	0
Ending balances: Loans
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	106	51
Total loans	106	51
Unallocated
Ending balances: Allowance for loan losses
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	7	12
Total ending allowance balance	7	12
Ending balances: Loans
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	0	0
Total loans	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN 56

LOANS AND ALLOWANCE FOR LOAN LOSSES (Schedule of Recorded Investment in Nonaccrual Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total nonaccrual loans	$ 1,194	$ 606
Commercial | Secured by real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total nonaccrual loans	136	0
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total nonaccrual loans	701	528
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total nonaccrual loans	295	0
Consumer | Secured by real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total nonaccrual loans	$ 62	$ 78

LOANS AND ALLOWANCE FOR LOAN 57

LOANS AND ALLOWANCE FOR LOAN LOSSES (Schedule of Recorded Investments in Impaired Loans) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Total impaired loans
Unpaid Principal Balance	$ 7,470	$ 8,530
Recorded Investment	7,142	8,107
Allowance for Loan Losses Allocated	609	610
Average Recorded Investment	7,601	9,796
Interest Income Recognized	331	427
Commercial | Secured by real estate
With no related allowance recorded:
Unpaid Principal Balance	389	1,481
Recorded Investment	389	1,353
Average Recorded Investment	964	2,018
Interest Income Recognized	70	92
With an allowance recorded:
Unpaid Principal Balance	33	120
Recorded Investment	32	120
Average Recorded Investment	45	186
Interest Income Recognized	0	7
Total impaired loans
Allowance for Loan Losses Allocated	27	0
Commercial | Other
With no related allowance recorded:
Unpaid Principal Balance		0
Recorded Investment		0
Average Recorded Investment		27
Interest Income Recognized		0
With an allowance recorded:
Unpaid Principal Balance	128	225
Recorded Investment	128	225
Average Recorded Investment	171	247
Interest Income Recognized	12	17
Total impaired loans
Allowance for Loan Losses Allocated	7	9
Commercial real estate
With no related allowance recorded:
Unpaid Principal Balance	3,442	3,448
Recorded Investment	3,124	3,156
Average Recorded Investment	3,148	3,128
Interest Income Recognized	121	181
With an allowance recorded:
Unpaid Principal Balance	3,112	3,175
Recorded Investment	3,112	3,175
Average Recorded Investment	3,144	4,109
Interest Income Recognized	128	130
Total impaired loans
Allowance for Loan Losses Allocated	575	601
Commercial construction
With no related allowance recorded:
Unpaid Principal Balance		0
Recorded Investment		0
Average Recorded Investment		0
Interest Income Recognized		0
Residential real estate
With no related allowance recorded:
Unpaid Principal Balance	295	0
Recorded Investment	295	0
Average Recorded Investment	59	0
Interest Income Recognized	0	0
Consumer | Secured by real estate
With no related allowance recorded:
Unpaid Principal Balance	71	81
Recorded Investment	62	78
Average Recorded Investment	70	81
Interest Income Recognized	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN 58

LOANS AND ALLOWANCE FOR LOAN LOSSES (Schedule of Aging of the Recorded Investment in Past Due Loans by Class of Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Aging analysis of past due loans
Total Past Due	$ 1,435	$ 152
Loans Not Past Due	710,285	603,931
Total loans	711,720	604,083
30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	808	112
60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	627	40
Commercial
Aging analysis of past due loans
Total loans	89,056	82,065
Commercial | Secured by real estate
Aging analysis of past due loans
Total Past Due	186	0
Loans Not Past Due	31,498	34,213
Total loans	31,684	34,213
Commercial | Secured by real estate | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	186	0
Commercial | Secured by real estate | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Commercial | Secured by real estate | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Commercial | Other
Aging analysis of past due loans
Total Past Due	8	0
Loans Not Past Due	57,364	47,852
Total loans	57,372	47,852
Commercial | Other | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	8	0
Commercial | Other | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Commercial | Other | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Commercial real estate
Aging analysis of past due loans
Total Past Due	899	106
Loans Not Past Due	492,643	382,445
Total loans	493,542	382,551
Commercial real estate | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	300	106
Commercial real estate | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Commercial real estate | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	599	0
Commercial construction
Aging analysis of past due loans
Total Past Due	0	0
Loans Not Past Due	2,152	14,943
Total loans	2,152	14,943
Commercial construction | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Commercial construction | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Commercial construction | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Residential real estate
Aging analysis of past due loans
Total Past Due	314	0
Loans Not Past Due	85,446	84,321
Total loans	85,760	84,321
Residential real estate | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	314	0
Residential real estate | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Residential real estate | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Consumer
Aging analysis of past due loans
Total loans	32,770	30,420
Consumer | Secured by real estate
Aging analysis of past due loans
Total Past Due	28	46
Loans Not Past Due	32,179	30,130
Total loans	32,207	30,176
Consumer | Secured by real estate | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	0	6
Consumer | Secured by real estate | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Consumer | Secured by real estate | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	28	40
Consumer | Other
Aging analysis of past due loans
Total Past Due	0	0
Loans Not Past Due	563	244
Total loans	563	244
Consumer | Other | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Consumer | Other | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Consumer | Other | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Government Guaranteed
Aging analysis of past due loans
Total Past Due	0	0
Loans Not Past Due	8,334	9,732
Total loans	8,334	9,732
Government Guaranteed | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Government Guaranteed | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Government Guaranteed | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Other
Aging analysis of past due loans
Total Past Due	0	0
Loans Not Past Due	106	51
Total loans	106	51
Other | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Other | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Other | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN 59

LOANS AND ALLOWANCE FOR LOAN LOSSES (Schedule of Troubled Debt Restructurings) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)loan
Financing Receivable, Modifications [Line Items]
Number of Loans | loan	2
Pre- Modification Recorded Investment	$ 786
Post- Modification Recorded Investment	$ 786
Commercial | Secured by real estate
Financing Receivable, Modifications [Line Items]
Number of Loans | loan	2
Pre- Modification Recorded Investment	$ 786
Post- Modification Recorded Investment	$ 786

LOANS AND ALLOWANCE FOR LOAN 60

LOANS AND ALLOWANCE FOR LOAN LOSSES (Schedule of Loans by Credit Quality Indicators) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 711,720	$ 604,083
Commercial
Financing Receivable, Recorded Investment [Line Items]
Total Loans	89,056	82,065
Commercial | Secured by real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	31,684	34,213
Commercial | Other
Financing Receivable, Recorded Investment [Line Items]
Total Loans	57,372	47,852
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	493,542	382,551
Commercial construction
Financing Receivable, Recorded Investment [Line Items]
Total Loans	2,152	14,943
Receivables Acquired with Deteriorated Credit Quality
Financing Receivable, Recorded Investment [Line Items]
Total Loans	584,750	479,559
Receivables Acquired with Deteriorated Credit Quality | Pass
Financing Receivable, Recorded Investment [Line Items]
Total Loans	569,252	460,218
Receivables Acquired with Deteriorated Credit Quality | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	12,392	16,350
Receivables Acquired with Deteriorated Credit Quality | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	3,106	2,991
Receivables Acquired with Deteriorated Credit Quality | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial | Secured by real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	31,684	34,213
Receivables Acquired with Deteriorated Credit Quality | Commercial | Secured by real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total Loans	29,025	32,159
Receivables Acquired with Deteriorated Credit Quality | Commercial | Secured by real estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	2,153	1,601
Receivables Acquired with Deteriorated Credit Quality | Commercial | Secured by real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	506	453
Receivables Acquired with Deteriorated Credit Quality | Commercial | Secured by real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial | Secured by real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial | Other
Financing Receivable, Recorded Investment [Line Items]
Total Loans	57,372	47,852
Receivables Acquired with Deteriorated Credit Quality | Commercial | Other | Pass
Financing Receivable, Recorded Investment [Line Items]
Total Loans	56,632	46,865
Receivables Acquired with Deteriorated Credit Quality | Commercial | Other | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	216	404
Receivables Acquired with Deteriorated Credit Quality | Commercial | Other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	524	583
Receivables Acquired with Deteriorated Credit Quality | Commercial | Other | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial | Other | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	493,542	382,551
Receivables Acquired with Deteriorated Credit Quality | Commercial real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total Loans	481,443	366,251
Receivables Acquired with Deteriorated Credit Quality | Commercial real estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	10,023	14,345
Receivables Acquired with Deteriorated Credit Quality | Commercial real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	2,076	1,955
Receivables Acquired with Deteriorated Credit Quality | Commercial real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial construction
Financing Receivable, Recorded Investment [Line Items]
Total Loans	2,152	14,943
Receivables Acquired with Deteriorated Credit Quality | Commercial construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Total Loans	2,152	14,943
Receivables Acquired with Deteriorated Credit Quality | Commercial construction | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial construction | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial construction | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN 61

LOANS AND ALLOWANCE FOR LOAN LOSSES (Schedule of Recorded Investment in Residential and Consumer Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	$ 710,285	$ 603,931
Total loans	711,720	604,083
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	85,446	84,321
Past Due and Nonaccrual	314	0
Total loans	85,760	84,321
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	32,770	30,420
Consumer | Secured by real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	32,179	30,130
Past Due and Nonaccrual	28	46
Total loans	32,207	30,176
Consumer | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	563	244
Past Due and Nonaccrual	0	0
Total loans	563	244
Residential and Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	118,188	114,695
Past Due and Nonaccrual	342	46
Total loans	$ 118,530	$ 114,741

PREMISES AND EQUIPMENT, NET (De

PREMISES AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Premise and equipment, gross	$ 11,273	$ 10,600
Less: accumulated depreciation and amortization	4,364	4,034
Total premises & equipment, net	6,909	6,566
Depreciation and amortization	399	380
Land
Property, Plant and Equipment [Line Items]
Premise and equipment, gross	3,240	3,240
Buildings and improvements
Property, Plant and Equipment [Line Items]
Premise and equipment, gross	4,505	4,494
Leasehold improvements
Property, Plant and Equipment [Line Items]
Premise and equipment, gross	1,923	1,902
Furniture, fixtures, and equipment
Property, Plant and Equipment [Line Items]
Premise and equipment, gross	$ 1,605	$ 964

OTHER REAL ESTATE OWNED (Schedu

OTHER REAL ESTATE OWNED (Schedule of Other Real Estate Owned) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
OTHER REAL ESTATE OWNED [Abstract]
Acquired by foreclosure or deed in lieu of foreclosure	$ 0	$ 404
Allowance for losses on other real estate owned	0	(3)	$ 0
Other real estate, net	$ 0	$ 401

OTHER REAL ESTATE OWNED (Sche64

OTHER REAL ESTATE OWNED (Schedule of Activity in Allowance for Losses on Other Real Estate Owned) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Allowance for Loan Losses - Other Real Estate Owned
Beginning of year	$ 3	$ 0
Additions charged to expense	0	23
Reductions from sales of other real estate owned	(3)	(20)
End of year	$ 0	$ 3

OTHER REAL ESTATE OWNED (Narrat

OTHER REAL ESTATE OWNED (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
OTHER REAL ESTATE OWNED [Abstract]
Net gain on sale of other real estate owned	$ 13	$ 36

OTHER REAL ESTATE OWNED (Sche66

OTHER REAL ESTATE OWNED (Schedule of Expenses Related to Other Real Estate Owned) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
OTHER REAL ESTATE OWNED [Abstract]
Provision for unrealized losses	$ 0	$ 23
Operating expenses, net of rental income	24	120
End of year	$ 24	$ 143

DEPOSITS (Schedule of Deposit L

DEPOSITS (Schedule of Deposit Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deposits:
Noninterest-bearing demand	$ 172,861	$ 169,306
Interest-bearing checking accounts	196,924	199,672
Money market accounts	110,256	42,606
Total interest-bearing demand	307,180	242,278
Statement savings and clubs	77,284	82,521
Business savings	5,830	8,156
Total savings	83,114	90,677
IRA investment and variable rate savings	33,236	28,771
Brokered certificates	25,944	8,299
Money market certificates	141,764	119,599
Total certificates of deposit	200,944	156,669
Total interest-bearing deposits	591,238	489,624
Total deposits	$ 764,099	$ 658,930

DEPOSITS (Narrative) (Details)

DEPOSITS (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
DEPOSITS [Abstract]
Certificates of deposit with balances of $100,000 or more	$ 109,692	$ 96,772

DEPOSITS (Schedule of Maturitie

DEPOSITS (Schedule of Maturities of Time Deposits) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Maturities of certificates of deposits in fiscal year:
2,018	$ 73,610
2,019	86,853
2,020	25,162
2,021	9,284
2,022	6,035
Total certificates of deposit	$ 200,944	$ 156,669

DEPOSITS (Schedule of Interest

DEPOSITS (Schedule of Interest on Deposits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Banking and Thrift [Abstract]
Total interest bearing demand	$ 709	$ 558
Total savings	91	89
Total certificates of deposit	2,389	1,645
Total interest expense	$ 3,189	$ 2,292

BORROWINGS (Schedule of Maturit

BORROWINGS (Schedule of Maturities of FHLB Advances) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Amount
Within one year	$ 20,760	$ 26,200
After one year, but within two years	33,000	15,000
After two years, but within three years	5,000	13,000
After three years, but within four years	5,000	0
After four years, but within five years	0	5,000
Advances from Federal Home Loan Banks	$ 63,760	$ 59,200
Weighted Average Rate
Within one year	1.59%	1.03%
After one year, but within two years	1.76%	1.73%
After two years, but within three years	1.88%	1.86%
After three years, but within four years	1.68%	0.00%
After four years, but within five years	0.00%	1.68%
Total advances maturing	1.71%	1.45%

BORROWINGS (Narrative) (Details

BORROWINGS (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Maximum FHLB advances outstanding at any month end	$ 93,800,000	$ 59,200,000
Average Balance of FHLB advances outstanding	74,400,000	38,300,000
FHLB advances which have reached their first call date	10,000,000
Additional borrowing capacity from FHLB	122,300,000	104,100,000
Overnight borrowings with FHLB	0	11,200,000
Borrowing capacity at the Federal Reserve Bank discount window	4,700,000	6,100,000
Overnight variable pricing lines with other correspondent banks	38,000,000	38,000,000
Federal Home Loan Bank Advances - new borrowings
Debt Instrument [Line Items]
Assets pledged as security for FHLB advances	73,000,000	69,600,000
Investment Securities
Debt Instrument [Line Items]
Assets pledged as security for FHLB advances	49,300,000	34,500,000
Federal Reserve Bank Advances
Debt Instrument [Line Items]
Borrowings on the Federal Reserve Bank	$ 0	$ 0

SUBORDINATED DEBENTURES AND S73

SUBORDINATED DEBENTURES AND SUBORDINATED NOTES (Schedule of Subordinated Debentures and Subordinated Notes) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES [Line Items]
Subordinated debt, carrying amount	$ 23,317	$ 23,252
Fixed / Floating Rate Junior Subordinated Debentures
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES [Line Items]
Subordinated debt, carrying amount	7,217	7,217
Fixed Rate Subordinated Notes
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES [Line Items]
Subordinated debt, carrying amount	$ 16,100	$ 16,035

SUBORDINATED DEBENTURES AND S74

SUBORDINATED DEBENTURES AND SUBORDINATED NOTES (Narrative) (Details)	Sep. 17, 2003USD ($)	Dec. 31, 2017USD ($)Item	Dec. 31, 2016USD ($)	Aug. 28, 2015USD ($)	Sep. 17, 2008
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES [Line Items]
Subordinated debentures and subordinated notes		$ 23,317,000	$ 23,252,000
Fixed / Floating Rate Junior Subordinated Debentures
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES [Line Items]
Securities issued by the trust	$ 7,000,000
Sale of fixed/floating rate junior subordinated deferrable interest debentures from the company to the trust	$ 7,217,000
Interest rate of securities and debentures (percentage)					6.75%
Spread on variable rate (percentage)		2.95%
Interest rate of debentures (percentage)		4.55%	3.94%
Number of maximum extended period for interest payment | Item		20
Subordinated Notes
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES [Line Items]
Debt instrument, face amount				$ 16,600,000
Debt instrument, interest rate (percentage)				6.75%
Subordinated debentures and subordinated notes		$ 16,100,000	$ 16,000,000
Unamortized debt issuance costs		$ 500,000	$ 565,000

REGULATORY CAPITAL REQUIREMEN75

REGULATORY CAPITAL REQUIREMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Corporation
Tier 1 Leverage Capital (to average assets)
Tier 1 Leverage ratio, Actual, Amount	$ 81,886	$ 59,591
Tier 1 Leverage ratio, Actual, Ratio (percentage)	8.88%	7.65%
Tier 1 Leverage ratio, Required for Capital Adequacy Purposes, Amount	$ 36,867	$ 31,151
Tier 1 Leverage ratio, Required for Capital Adequacy Purposes, Ratio (percentage)	4.00%	4.00%
Tier 1 Capital (to risk-weighted assets)
Tier 1, Actual, Amount	$ 81,886	$ 59,591
Tier 1, Actual, Ratio (as a percent)	10.96%	9.35%
Tier 1, Required for Capital Adequacy Purposes, Amount	$ 29,889	$ 25,504
Tier 1, Required for Capital Adequacy Purposes, Ratio (as a percent)	4.00%	4.00%
Total Capital
Total, Actual, Amount	$ 106,748	$ 83,531
Total, Actual, Ratio (percentage)	14.29%	13.10%
Total, Required for Capital Adequacy Purposes, Amount	$ 59,777	$ 51,008
Total, Required for Capital Adequacy Purposes, Ratio (percentage)	8.00%	8.00%
Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Conservation buffer (as a percent)	5.40%
Tier 1 Leverage Capital (to average assets)
Tier 1 Leverage ratio, Actual, Amount	$ 92,824	$ 72,355
Tier 1 Leverage ratio, Actual, Ratio (percentage)	10.12%	9.32%
Tier 1 Leverage ratio, Required for Capital Adequacy Purposes, Amount	$ 36,698	$ 31,055
Tier 1 Leverage ratio, Required for Capital Adequacy Purposes, Ratio (percentage)	4.00%	4.00%
Tier 1 Leverage ratio, To Be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 45,872	$ 38,818
Tier 1 Leverage ratio, To Be Well Capitalized Under Prompt Corrective Action Regulations, Ratio (percentage)	5.00%	5.00%
Tier 1 Capital (to risk-weighted assets)
Common Equity Tier 1, Actual, Amount	$ 92,824	$ 72,355
Common Equity Tier 1, Actual, Ratio (percentage)	12.24%	11.13%
Common Equity Tier 1, Required for Capital Adequacy Purposes, Amount	$ 34,113	$ 29,263
Common Equity Tier 1, Required for Capital Adequacy Purposes, Ratio (percentage)	4.50%	4.50%
Common Equity Tier 1, To Be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 49,274	$ 42,269
Common Equity Tier 1, To Be Well Capitalized Under Prompt Corrective Action Regulations, Ratio (percentage)	6.50%	6.50%
Tier 1, Actual, Amount	$ 92,824	$ 72,355
Tier 1, Actual, Ratio (as a percent)	12.24%	11.13%
Tier 1, Required for Capital Adequacy Purposes, Amount	$ 45,484	$ 39,018
Tier 1, Required for Capital Adequacy Purposes, Ratio (as a percent)	6.00%	6.00%
Tier 1, To Be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 60,645	$ 52,024
Tier 1, To Be Well Capitalized Under Prompt Corrective Action Regulations, Ratio (percentage)	8.00%	8.00%
Total Capital
Total, Actual, Amount	$ 101,586	$ 80,260
Total, Actual, Ratio (percentage)	13.40%	12.34%
Total, Required for Capital Adequacy Purposes, Amount	$ 60,645	$ 52,024
Total, Required for Capital Adequacy Purposes, Ratio (percentage)	8.00%	8.00%
Total, To Be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 75,807	$ 65,030
Total, To Be Well Capitalized Under Prompt Corrective Action Regulations, Ratio (percentage)	10.00%	10.00%

BENEFIT PLANS (Details)

BENEFIT PLANS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Retirement Benefits [Abstract]
Total profit sharing expense		$ 285
Maximum employee contribution as a percentage of salary	100.00%
Maximum employer contribution as a percentage of the first 5% of employee contribution	50.00%	50.00%
Maximum percentage of employee contribution used for basis for employer contribution	7.00%	5.00%
Defined benefit plan, contributions by employer	$ 173	$ 129
Total stock purchases (shares)	2,724	3,459
Number of shares reserved for issuance	168,569
Supplemental Employee Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, monthly installments per participant period	180 months
Benefits expense	$ 258
Defined benefit plan liability	$ 258

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Director Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares purchased for plan (in shares)	2,855	6,532
Awards authorized but unissued (in shares)	514,649
2010 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards authorized but unissued (in shares)	80,783
Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)	3 years
Stock-based compensation expense for stock grant	$ 62	$ 121
Awards granted (shares)	20,876	34,332
Restricted shares | Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense for stock grant	$ 50
Awards granted (shares)	5,000	0

STOCK-BASED COMPENSATION (Sched

STOCK-BASED COMPENSATION (Schedule of Changes in Nonvested Restricted Shares) (Details) - Restricted shares - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Number of Shares
Balance January 1 (shares)	68,586	64,970
Granted (shares)	20,876	34,332
Vested (shares)	(34,675)	(24,996)
Forfeited (shares)	(3,259)	(5,720)
Balance December 31 (shares)	51,528	68,586
Weighted Average Grant Date Fair Value
Balance January 1 (in usd per share)	$ 5.52	$ 5.29
Granted (in usd per share)	8.88	5.76
Vested (in usd per share)	5.40	5.24
Forfeited (in usd per share)	6.41	5.53
Balance December 31 (in usd per share)	$ 6.91	$ 5.52

EARNINGS PER COMMON SHARE (Sche

EARNINGS PER COMMON SHARE (Schedule of Earnings Per Common Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Earnings Per Share [Abstract]
Net income available to common shareholders									$ 3,947	$ 4,736
Weighted average common shares outstanding - basic and diluted (in shares)									7,906,791	6,109,983
Basic and diluted earnings per common share (in usd per share)	$ 0.01	$ 0.19	$ 0.16	$ 0.16	$ 0.22	$ 0.17	$ 0.22	$ 0.16	$ 0.50	$ 0.78

EARNINGS PER COMMON SHARE (Narr

EARNINGS PER COMMON SHARE (Narrative) (Details) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	0

INCOME TAXES (Schedule of Compo

INCOME TAXES (Schedule of Components of Income Tax Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Current tax expense
Federal									$ 2,438	$ 1,394
State									919	579
Current income tax (benefit) expense									3,357	1,973
Deferred tax expense
Federal									1,555	624
State									(128)	175
Valuation allowance									(8)	(77)
Deferred tax (benefit) expense									1,419	722
Effective federal income taxes	$ 2,494	$ 972	$ 736	$ 574	$ 784	$ 583	$ 776	$ 552	$ 4,776	$ 2,695

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income expense due to revaluation of deferred tax asset for Tax Act	$ 1,400,000
Federal statutory income tax rate	(34.00%)
Taxes paid in the carryback period that can be utilized against the deferred tax asset	$ 2,200,000
Remaining net deferred tax assets	1,200,000
Alternate minimum tax	0	$ 270,000
Unrecognized tax benefits	0	0
Tax, interest and penalties	0	0
Accrued tax interest and penalties	$ 0	$ 0

INCOME TAXES (Schedule of Effec

INCOME TAXES (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Federal income tax									$ 2,966	$ 2,527
Add (deduct) effect of:
State income taxes, net of federal income tax effect									606	533
Nontaxable interest income									(129)	(153)
Effect of change in Federal statutory tax rate									1,420	0
Bank owned life insurance									(198)	(147)
Nondeductible expenses									(31)	12
Change in valuation reserve									(8)	(77)
Out of period adjustment for state fixed asset basis									150	0
Effective federal income taxes	$ 2,494	$ 972	$ 736	$ 574	$ 784	$ 583	$ 776	$ 552	$ 4,776	$ 2,695

INCOME TAXES (Schedule of Defer

INCOME TAXES (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Allowance for loan losses	$ 2,455	$ 3,157
Accrued compensation	91	83
Nonaccrual loan interest	12	3
Depreciation	202	340
Contribution carry forward	2	55
Restricted stock	0	55
Mortgage servicing rights	(5)	0
Accrued contributions	167	144
Unrealized loss on securities available-for-sale	498	335
Alternate minimum tax	0	270
Deferred tax assets, gross	3,422	4,442
Valuation reserve	(2)	(10)
Deferred tax assets, net	3,420	4,432
Deferred tax liabilities
OREO reserve	0	1
Other	0	4
Deferred tax liabilities	0	5
Net deferred tax assets	$ 3,420	$ 4,427

COMMITMENTS AND CONTINGENCIES85

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Other Commitments [Line Items]
Commitment to extend credit at variable rates	$ 512
Variable interest rate committed to	4.38%
Rental expense	$ 873	$ 874
Rental income	36	$ 40
Residential real estate
Other Commitments [Line Items]
Commitment to extend credit at fixed rates	$ 460
Fixed interest rate agreed to	3.84%
Amount of commitments to be sold to investors upon closing	$ 460
Commercial, construction and home equity loan commitments
Other Commitments [Line Items]
Commitment to extend credit at variable rates	$ 9,100
Variable interest rate committed to	4.37%
Commitment to extend credit at fixed rates	$ 1,300
Fixed interest rate agreed to	4.43%
Unused lines of Credit
Other Commitments [Line Items]
Commitments	$ 104,100
Unused lines of Credit | Home Equity Line of Credit
Other Commitments [Line Items]
Commitments	31,200
Unused lines of Credit | Cash Overdraft
Other Commitments [Line Items]
Commitments	4,100
Unused lines of Credit | Commercial and Construction
Other Commitments [Line Items]
Commitments	68,800
Standby Letters of Credit
Other Commitments [Line Items]
Commitments	309
Credit commitment due to expire in next twelve months	$ 257

COMMITMENTS AND CONTINGENCIES86

COMMITMENTS AND CONTINGENCIES (Operating Leases) (Details) $ in Thousands	Dec. 31, 2017USD ($)
Minimum annual lease payments operating lease agreements
2,018	$ 703
2,019	631
2,020	536
2,021	359
2,022	326
Thereafter	875
Total	$ 3,430

INTEREST RATE SWAP (Narrative)

INTEREST RATE SWAP (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 18, 2017
Derivative [Line Items]
Notional amount			$ 7,000,000
Cash flow hedge ineffectiveness gain (loss)	$ 0
Fair value of collateral	473,000
Interest expense	2,000	$ 53,000
Fair value of the interest rate swap		(29,000)
Interest rate swap
Derivative [Line Items]
Notional amount	$ 7,000,000	$ 7,000,000

INTEREST RATE SWAP (Detail of I

INTEREST RATE SWAP (Detail of Interest Rate Swap) (Details) - Interest rate swap - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Notional amount	$ 7,000,000	$ 7,000,000
Unrealized loss	$ (29,000)
Pay
Derivative [Line Items]
Pay rate	5.323%
Receive | London Interbank Offered Rate (LIBOR)
Derivative [Line Items]
Basis spread on variable rate	2.95%

INTEREST RATE SWAP (Schedule of

INTEREST RATE SWAP (Schedule of Derivatives Recorded in Accumulated Comprehensive Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Amount of Gain (Loss) Recognized in OCI (Effective Portion)	$ (21)	$ 37
Amount of Gain (Loss) Reclassified from OCI to Interest income	0	0
Amount of Gain (Loss) Recognized in Other Noninterest Income (Ineffective Portion)	$ 0	$ 0

FAIR VALUE OF FINANCIAL INSTR90

FAIR VALUE OF FINANCIAL INSTRUMENTS (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount to real estate appraised values	12.00%
Allowance for loan losses	$ 8,762,000	$ 7,905,000
Provision for loan losses	655,000	(1,350,000)
Allowance for losses on other real estate owned	0	3,000	$ 0
Provision for unrealized losses	0	23,000
Impaired Loans | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recorded investment with an allowance recorded	624,000	528,000
Allowance for loan losses		0
Provision for loan losses	27,000	0
Other Real Estate Owned | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recorded investment with an allowance recorded		404,000
Allowance for losses on other real estate owned		3,000
Provision for unrealized losses	$ 0	$ 23,000

FAIR VALUE OF FINANCIAL INSTR91

FAIR VALUE OF FINANCIAL INSTRUMENTS (Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Available-for-sale securities
Total available-for-sale securities	$ 113,015	$ 98,583
Liabilities:
Interest rate swap		29
Carrying Value
Available-for-sale securities
U.S. government - sponsored agencies	21,333	17,445
Obligations of state and political subdivisions	3,165	3,096
Mortgage-backed securities	63,834	52,046
Asset-backed securities	6,698	8,267
Corporate bonds	14,229	14,037
Other equity investments	3,756	3,692
Total available-for-sale securities	113,015	98,583
Liabilities:
Interest rate swap	29
Quoted Prices in Active Markets for Identical Assets (Level 1)
Available-for-sale securities
Total available-for-sale securities	3,696	3,632
Liabilities:
Interest rate swap	0
Significant Other Observable Inputs (Level 2)
Available-for-sale securities
Total available-for-sale securities	109,319	94,951
Liabilities:
Interest rate swap	29
Significant Unobservable Inputs (Level 3)
Available-for-sale securities
Total available-for-sale securities	0	0
Liabilities:
Interest rate swap	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Available-for-sale securities
U.S. government - sponsored agencies	0	0
Obligations of state and political subdivisions	0	0
Mortgage-backed securities	0	0
Asset-backed securities	0	0
Corporate bonds	0	0
Other equity investments	3,696	3,632
Total available-for-sale securities	3,696	3,632
Liabilities:
Interest rate swap	0
Recurring | Significant Other Observable Inputs (Level 2)
Available-for-sale securities
U.S. government - sponsored agencies	21,333	17,445
Obligations of state and political subdivisions	3,165	3,096
Mortgage-backed securities	63,834	52,046
Asset-backed securities	6,698	8,267
Corporate bonds	14,229	14,037
Other equity investments	60	60
Total available-for-sale securities	109,319	94,951
Liabilities:
Interest rate swap	29
Recurring | Significant Unobservable Inputs (Level 3)
Available-for-sale securities
U.S. government - sponsored agencies	0	0
Obligations of state and political subdivisions	0	0
Mortgage-backed securities	0	0
Asset-backed securities	0	0
Corporate bonds	0	0
Other equity investments	0	0
Total available-for-sale securities	0	$ 0
Liabilities:
Interest rate swap	$ 0

FAIR VALUE OF FINANCIAL INSTR92

FAIR VALUE OF FINANCIAL INSTRUMENTS (Schedule of Assets and Liabilities Measured at Fair Value on Non-recurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Quoted Prices in Active Markets for Identical Assets (Level 1)
Impaired loans
Real estate assets	$ 0	$ 0
Significant Other Observable Inputs (Level 2)
Impaired loans
Real estate assets	0	0
Significant Unobservable Inputs (Level 3)
Impaired loans
Real estate assets	714,387	596,506
Carrying Value
Impaired loans
Real estate assets	702,561	595,952
Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Impaired loans
Commercial real estate	0	0
Other real estate owned		0
Real estate assets	0	0
Nonrecurring | Significant Other Observable Inputs (Level 2)
Impaired loans
Commercial real estate	0	0
Other real estate owned		0
Real estate assets	0	0
Nonrecurring | Significant Unobservable Inputs (Level 3)
Impaired loans
Commercial real estate	192	528
Other real estate owned		401
Real estate assets	597	929
Nonrecurring | Carrying Value
Impaired loans
Commercial real estate	192	528
Other real estate owned		401
Real estate assets	597	$ 929
Real Estate | Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Impaired loans
Commercial real estate	0
Real Estate | Nonrecurring | Significant Other Observable Inputs (Level 2)
Impaired loans
Commercial real estate	0
Real Estate | Nonrecurring | Significant Unobservable Inputs (Level 3)
Impaired loans
Commercial real estate	109
Real Estate | Nonrecurring | Carrying Value
Impaired loans
Commercial real estate	109
Residential mortgage | Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Impaired loans
Real estate assets	0
Residential mortgage | Nonrecurring | Significant Other Observable Inputs (Level 2)
Impaired loans
Real estate assets	0
Residential mortgage | Nonrecurring | Significant Unobservable Inputs (Level 3)
Impaired loans
Real estate assets	296
Residential mortgage | Nonrecurring | Carrying Value
Impaired loans
Real estate assets	$ 296

FAIR VALUE OF FINANCIAL INSTR93

FAIR VALUE OF FINANCIAL INSTRUMENTS (Schedule of Fair Value Assumptions for Level 3 Asset Measurements) (Details) - Nonrecurring - Significant Unobservable Inputs (Level 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 597	$ 528
Adjustments for differences between comparable sales and income data available.	5.00%	5.00%
Estimated selling costs.	7.00%	7.00%
Other Real Estate Owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		$ 401
Adjustments for differences between comparable sales and income data available.		2.00%
Estimated selling costs.		7.00%

FAIR VALUE OF FINANCIAL INSTR94

FAIR VALUE OF FINANCIAL INSTRUMENTS (Schedule of Fair Value Estimates for the Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Financial assets:
Securities available-for-sale	$ 113,015	$ 98,583
Securities held to maturity	52,442	52,330
FHLB-NY stock	3,715	3,515
Financial liabilities:
Subordinated Debentures and Subordinated Notes	23,317	23,252
Interest rate swap		29
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and cash equivalents	21,270	11,680
Securities available-for-sale	3,696	3,632
Securities held to maturity	0	0
Mortgage loans held for sale	0	0
Loans, net	0	0
Financial liabilities:
Deposits	565,292	503,949
FHLB-NY advances	0	0
Subordinated Debentures and Subordinated Notes	0	0
Interest rate swap	0
Significant Other Observable Inputs (Level 2)
Financial assets:
Cash and cash equivalents	0	0
Securities available-for-sale	109,319	94,951
Securities held to maturity	51,551	51,530
Mortgage loans held for sale	0	0
Loans, net	0	0
Financial liabilities:
Deposits	197,696	154,724
FHLB-NY advances	63,340	59,174
Subordinated Debentures and Subordinated Notes	0	0
Interest rate swap	29
Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and cash equivalents	0	0
Securities available-for-sale	0	0
Securities held to maturity	0	0
Mortgage loans held for sale	370	773
Loans, net	714,387	596,506
Financial liabilities:
Deposits	0	0
FHLB-NY advances	0	0
Subordinated Debentures and Subordinated Notes	23,478	23,230
Interest rate swap	0
Carrying Value
Financial assets:
Cash and cash equivalents	21,270	11,680
Securities available-for-sale	113,015	98,583
Securities held to maturity	52,442	52,330
FHLB-NY stock	3,715	3,515
Mortgage loans held for sale	370	773
Loans, net	702,561	595,952
Financial liabilities:
Deposits	764,099	658,930
FHLB-NY advances	63,760	59,200
Subordinated Debentures and Subordinated Notes	23,317	$ 23,252
Interest rate swap	$ 29

PARENT COMPANY ONLY (Condensed

PARENT COMPANY ONLY (Condensed Statements of Condition) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 20,558	$ 11,508
Securities available-for-sale	113,015	98,583
Accrued interest receivable	2,566	2,133
Other assets	4,834	7,044
Total assets	928,766	795,535
Liabilities and Shareholders' equity
Subordinated Debentures	23,317	23,252
Shareholders' equity	73,665	51,387	$ 47,573
Total liabilities and Shareholders' equity	928,766	795,535
Parent Company
Assets
Cash and due from banks	378	264
Securities available-for-sale	3,911	1,926
Investment in subsidiary	91,689	71,564
Accrued interest receivable	21	10
Other assets	1,435	1,296
Total assets	97,434	75,060
Liabilities and Shareholders' equity
Subordinated Debentures	7,217	7,217
Subordinated Notes	16,100	16,035
Other liabilities	452	421
Shareholders' equity	73,665	51,387
Total liabilities and Shareholders' equity	$ 97,434	$ 75,060

PARENT COMPANY ONLY (Condense96

PARENT COMPANY ONLY (Condensed Statements of Income) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Condensed Income Statements, Captions [Line Items]
Interest expense	$ 1,628	$ 1,577	$ 1,409	$ 1,244	$ 1,103	$ 1,113	$ 1,124	$ 1,173	$ 5,858	$ 4,513
Income before income tax expense	2,542	2,612	2,004	1,565	2,132	1,618	2,138	1,543	8,723	7,431
Tax benefit	2,494	972	736	574	784	583	776	552	4,776	2,695
Net income	$ 48	$ 1,640	$ 1,268	$ 991	$ 1,348	$ 1,035	$ 1,362	$ 991	3,947	4,736
Parent Company
Condensed Income Statements, Captions [Line Items]
Interest income - securities available-for-sale									76	29
Dividend income									2,218	1,905
Other income									10	8
Total income									2,304	1,942
Interest expense									1,492	1,505
Other expenses									354	290
Total expenses									1,846	1,795
Income before income tax expense									458	147
Tax benefit									(597)	(596)
Income before equity in undistributed earnings of subsidiary									1,055	743
Equity in undistributed earnings of subsidiary									2,892	3,993
Net income									$ 3,947	$ 4,736

PARENT COMPANY ONLY (Condense97

PARENT COMPANY ONLY (Condensed Statements of Cash Flows) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net income	$ 48	$ 1,640	$ 1,268	$ 991	$ 1,348	$ 1,035	$ 1,362	$ 991	$ 3,947	$ 4,736
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of Subordinated Notes issuance cost									65	66
Gain on calls of securities									(1)	(63)
Increase in accrued interest receivable									(433)	(166)
Increase in other assets									686	6
Increase (decrease) in other liabilities									819	424
Net cash provided by operating activities									8,530	5,904
Cash flows from investing activities:
Purchase of securities available-for-sale									(29,201)	(44,228)
Proceeds from sales and calls on securities available-for-sale									500	22,853
Proceeds from maturities and principal repayments on securities available-for-sale									14,096	14,707
Net cash used in investing activities									(126,730)	(77,943)
Cash flows from financing activities:
Proceeds from issuance of common stock, net of costs									18,860	0
Cash dividends paid on common stock									(961)	(672)
Payment of discount on dividend reinvestment plan									5	4
Issuance of common stock									167	103
Net cash provided by financing activities									127,790	72,809
Net increase in cash and cash equivalents									9,590	770
Cash and cash equivalents - beginning				11,680				10,910	11,680	10,910
Cash and cash equivalents - ending	21,270				11,680				21,270	11,680
Parent Company
Cash flows from operating activities:
Net income									3,947	4,736
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiary									(2,892)	(3,993)
Amortization of Subordinated Notes issuance cost									65	66
Gain on calls of securities									(1)	0
Increase in accrued interest receivable									(11)	(8)
Increase in other assets									(139)	(197)
Increase (decrease) in other liabilities									18	(9)
Net cash provided by operating activities									987	595
Cash flows from investing activities:
Purchase of securities available-for-sale									(2,999)	(4,498)
Proceeds from sales and calls on securities available-for-sale									500	3,500
Proceeds from maturities and principal repayments on securities available-for-sale									500	0
Investment in subsidiary bank									(16,800)	0
Net cash used in investing activities									(18,799)	(998)
Cash flows from financing activities:
Proceeds from issuance of common stock, net of costs									18,860	0
Cash dividends paid on common stock									(961)	(672)
Payment of discount on dividend reinvestment plan									(5)	(4)
Restricted stock-forfeited									(135)	(82)
Issuance of common stock									167	103
Net cash provided by financing activities									17,926	(655)
Net increase in cash and cash equivalents									114	(1,058)
Cash and cash equivalents - beginning				$ 264				$ 1,322	264	1,322
Cash and cash equivalents - ending	$ 378				$ 264				$ 378	$ 264

ACCUMULATED OTHER COMPREHENSI98

ACCUMULATED OTHER COMPREHENSIVE INCOME (Schedule of Components of Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net income, gross	$ 2,542	$ 2,612	$ 2,004	$ 1,565	$ 2,132	$ 1,618	$ 2,138	$ 1,543	$ 8,723	$ 7,431
Net income, tax effect	(2,494)	(972)	(736)	(574)	(784)	(583)	(776)	(552)	(4,776)	(2,695)
Net income	$ 48	$ 1,640	$ 1,268	$ 991	$ 1,348	$ 1,035	$ 1,362	$ 991	3,947	4,736
Other comprehensive income:
Other comprehensive income, net									161	(437)
Reclassification adjustment for gains in net income, net									(1)	(39)
Accretion of loss on securities reclassified to held to maturity, net									28	120
Total other comprehensive income, gross									257	(757)
Total other comprehensive income, tax effect									(97)	281
Total other comprehensive income, net									160	(476)
Total comprehensive income, gross									8,980	6,674
Total comprehensive income, tax effect									(4,873)	(2,414)
Total comprehensive income									4,107	4,260
Accumulated Net Investment Gain (Loss) Attributable to Parent
Other comprehensive income:
Other comprehensive income, gross									241	(952)
Other comprehensive income, tax effect									(91)	358
Other comprehensive income, net									150	(594)
Reclassification adjustment for gains in net income, gross									(1)	(63)
Reclassification adjustment for gains in net income, tax effect									0	24
Reclassification adjustment for gains in net income, net									(1)	(39)
Total other comprehensive income, net									149	(633)
Loss on Securities Reclassified from Available-for-Sale to Held to Maturity
Other comprehensive income:
Other comprehensive income, net									28	120
Reclassification adjustment for gains in net income, net									0	0
Accretion of loss on securities reclassified to held to maturity, gross									46	196
Accretion of loss on securities reclassified to held to maturity, tax effect									(18)	(76)
Accretion of loss on securities reclassified to held to maturity, net									28	120
Total other comprehensive income, net									28	120
Unrealized Gains and (Losses) on Derivatives
Other comprehensive income:
Other comprehensive income, gross									(29)	62
Other comprehensive income, tax effect									12	(25)
Other comprehensive income, net									(17)	37
Reclassification adjustment for gains in net income, net									0	0
Total other comprehensive income, net									$ (17)	$ 37

ACCUMULATED OTHER COMPREHENSI99

ACCUMULATED OTHER COMPREHENSIVE INCOME (Schedule of Components of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Unrealized gains and losses on available for sale (AFS) securities
Balance beginning	$ 51,387	$ 47,573
Other comprehensive income (loss) before reclassifications	161	(437)
Amounts reclassified from other comprehensive income	(1)	(39)
Total other comprehensive income, net	160	(476)
Reclassification due to the adoption of ASU 2018-02	(223)
Balance ending	73,665	51,387
Accumulated Net Investment Gain (Loss) Attributable to Parent
Unrealized gains and losses on available for sale (AFS) securities
Balance beginning	(1,243)	(610)
Other comprehensive income (loss) before reclassifications	150	(594)
Amounts reclassified from other comprehensive income	(1)	(39)
Total other comprehensive income, net	149	(633)
Reclassification due to the adoption of ASU 2018-02	(209)
Balance ending	(1,303)	(1,243)
Loss on Securities Reclassified from Available-for-Sale to Held to Maturity
Unrealized gains and losses on available for sale (AFS) securities
Balance beginning	(78)	(198)
Other comprehensive income (loss) before reclassifications	28	120
Amounts reclassified from other comprehensive income	0	0
Total other comprehensive income, net	28	120
Reclassification due to the adoption of ASU 2018-02	(10)
Balance ending	(60)	(78)
Unrealized Gains and (Losses) on Derivatives
Unrealized gains and losses on available for sale (AFS) securities
Balance beginning	0	(37)
Other comprehensive income (loss) before reclassifications	(17)	37
Amounts reclassified from other comprehensive income	0	0
Total other comprehensive income, net	(17)	37
Reclassification due to the adoption of ASU 2018-02	(4)
Balance ending	(21)	0
AOCI Attributable to Parent
Unrealized gains and losses on available for sale (AFS) securities
Balance beginning	(1,321)	(845)
Reclassification due to the adoption of ASU 2018-02	223
Balance ending	$ (1,384)	$ (1,321)

ACCUMULATED OTHER COMPREHENS100

ACCUMULATED OTHER COMPREHENSIVE INCOME (Schedule of Amounts Reclassified) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Tax effect	$ (2,494)	$ (972)	$ (736)	$ (574)	$ (784)	$ (583)	$ (776)	$ (552)	$ (4,776)	$ (2,695)
Net income available to common shareholders									3,947	4,736
Total reclassifications, net of tax									1	39
Accumulated Net Investment Gain (Loss) Attributable to Parent
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total reclassifications, net of tax									1	39
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Investment Gain (Loss) Attributable to Parent
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Unrealized gains on AFS securities before tax									1	63
Tax effect									0	(24)
Net income available to common shareholders									$ 1	$ 39

QUARTERLY FINANCIAL DATA (Un101

QUARTERLY FINANCIAL DATA (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Interest income	$ 8,463	$ 8,400	$ 7,943	$ 7,424	$ 7,000	$ 6,657	$ 6,979	$ 6,449	$ 32,230	$ 27,085
Interest expense	1,628	1,577	1,409	1,244	1,103	1,113	1,124	1,173	5,858	4,513
Net interest income before provision for loan losses	6,835	6,823	6,534	6,180	5,897	5,544	5,855	5,276	26,372	22,572
Provision for loan losses	75	20	260	300	(300)	(250)	(450)	(350)	655	(1,350)
Net interest income after provision for loan losses	6,760	6,803	6,274	5,880	6,197	5,794	6,305	5,626	25,717	23,922
Noninterest income	850	845	813	799	937	823	832	819	3,307	3,411
Noninterest expenses	5,068	5,036	5,083	5,114	5,002	4,999	4,999	4,902	20,301	19,902
Income before income tax expense	2,542	2,612	2,004	1,565	2,132	1,618	2,138	1,543	8,723	7,431
Income tax expense	2,494	972	736	574	784	583	776	552	4,776	2,695
Net income	$ 48	$ 1,640	$ 1,268	$ 991	$ 1,348	$ 1,035	$ 1,362	$ 991	$ 3,947	$ 4,736
Basic and diluted earnings per common share (in usd per share)	$ 0.01	$ 0.19	$ 0.16	$ 0.16	$ 0.22	$ 0.17	$ 0.22	$ 0.16	$ 0.50	$ 0.78