Stewardship Financial (SSFN) Inactive 10-K24 Mar 162015 FY Annual reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2015	Mar. 23, 2016	Jun. 30, 2015
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, 2015
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			$ 30,974,000
Entity Common Stock, Shares Outstanding		6,113,213
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and due from banks	$ 10,731,000	$ 9,849,000
Other interest-earning assets	179,000	237,000
Cash and cash equivalents	10,910,000	10,086,000
Securities available-for-sale	93,354,000	124,918,000
Securities held to maturity; estimated fair value of $61,281,000 (2015) and $56,223,000 (2014)	60,738,000	55,097,000
Federal Home Loan Bank of New York stock, at cost	2,608,000	$ 3,777,000
Loans held for sale	1,522,000
Loans, net of allowance for loan losses of $8,823,000 (2015) and $9,602,000 (2014)	517,556,000	$ 467,699,000
Premises and equipment, net	6,799,000	6,577,000
Accrued interest receivable	1,967,000	1,994,000
Other real estate owned, net	880,000	1,308,000
Bank owned life insurance	14,111,000	13,708,000
Other assets	7,443,000	8,387,000
Total assets	717,888,000	693,551,000
Deposits:
Noninterest-bearing	147,828,000	136,721,000
Interest-bearing	456,925,000	419,755,000
Total deposits	604,753,000	556,476,000
Federal Home Loan Bank of New York advances	40,000,000	66,700,000
Subordinated Debentures and Subordinated Notes	23,186,000	7,217,000
Accrued interest payable	791,000	308,000
Accrued expenses and other liabilities	1,585,000	3,881,000
Total liabilities	$ 670,315,000	634,582,000
Shareholders' equity
Preferred stock, no par value; 2,500,000 shares authorized; 15,000 and outstanding at December 31, 2014 Liquidation preference of $15,000,000		14,984,000
Common stock, no par value; 10,000,000 shares authorized; 6,085,528 and 6,034,933 shares issued and outstanding at December 31, 2015, and 2014, respectively	$ 41,410,000	41,125,000
Retained earnings	7,008,000	3,817,000
Accumulated other comprehensive (loss), net	(845,000)	(957,000)
Total Shareholders' equity	47,573,000	58,969,000
Total liabilities and Shareholders' equity	$ 717,888,000	$ 693,551,000

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parenthetical) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Assets
Securities held to maturity	$ 61,281,000	$ 56,223,000
Allowance for loan losses	$ 8,823,000	$ 9,602,000
Shareholders' equity
Preferred stock, shares authorized	0	2,500,000
Preferred stock, shares issued	0	15,000
Preferred stock, shares outstanding	0	15,000
Preferred stock, liquidation preference	$ 0	$ 15,000,000
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	6,085,528	6,034,933
Common stock, shares outstanding	6,085,528	6,034,933

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	12 Months Ended
Consolidated Statements of Income - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Interest income:
Loans	$ 22,644,000	$ 21,119,000
Securities held to maturity:
Taxable	933,000	580,000
Nontaxable	471,000	648,000
Securities available-for-sale:
Taxable	1,374,000	2,444,000
Nontaxable	24,000	24,000
FHLB dividends	123,000	94,000
Other interest-earning assets	40,000	25,000
Total interest income	25,609,000	24,934,000
Interest expense:
Deposits	$ 2,068,000	1,807,000
Repurchase agreements		254,000
FHLB-NY borrowings	$ 850,000	642,000
Subordinated Debentures and Subordinated Notes	908,000	504,000
Total interest expense	3,826,000	3,207,000
Net interest income before provision for loan losses	21,783,000	21,727,000
Provision for loan losses	(1,375,000)	(50,000)
Net interest income after provision for loan losses	23,158,000	21,777,000
Noninterest income:
Fees and service charges	2,135,000	2,003,000
Bank owned life insurance	403,000	405,000
Gain on calls and sales of securities, net	169,000	165,000
Gain on sales of mortgage loans	$ 141,000	72,000
Loss on sale of loans		(241,000)
Gain on sale of other real estate owned	$ 83,000	63,000
Miscellaneous	562,000	493,000
Total noninterest income	3,493,000	2,960,000
Noninterest expenses:
Salaries and employee benefits	10,900,000	10,597,000
Occupancy, net	1,739,000	1,934,000
Equipment	655,000	687,000
Data processing	1,847,000	1,702,000
Advertising	839,000	820,000
FDIC insurance premium	423,000	580,000
Charitable contributions	290,000	180,000
Stationery and supplies	155,000	212,000
Legal	320,000	430,000
Bank-card related services	528,000	517,000
Other real estate owned	298,000	430,000
Miscellaneous	2,185,000	2,144,000
Total noninterest expenses	20,179,000	20,233,000
Income before income tax expense	6,472,000	4,504,000
Income tax expense	2,272,000	1,419,000
Net income	4,200,000	3,085,000
Dividends on preferred stock	456,000	683,000
Net income available to common shareholders	$ 3,744,000	$ 2,402,000
Basic and diluted earnings per common share	$ 0.62	$ 0.40
Weighted average number of basic and diluted common shares outstanding	6,077,657	6,003,814

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	3 Months Ended								12 Months Ended
Consolidated Statements of Comprehensive Income - USD ($)	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Consolidated Statements of Comprehensive Income [Abstract]
Net income	$ 1,061,000	$ 1,000,000	$ 1,222,000	$ 917,000	$ 1,301,000	$ 552,000	$ 726,000	$ 506,000	$ 4,200,000	$ 3,085,000
Other comprehensive income (loss), net of tax:
Change in unrealized holding gains (losses) on securities available-for-sale arising during the period									(116,000)	3,162,000
Reclassification adjustment for gains in net income									$ (102,000)	(99,000)
Unrealized loss on securities reclassified from available-for-sale to held to maturity										(457,000)
Accretion of unrealized loss on securities reclassified to held to maturity									$ 179,000	80,000
Change in fair value of interest rate swap in a cash flow hedging relationship									151,000	147,000
Total other comprehensive income									112,000	2,833,000
Total comprehensive income									$ 4,312,000	$ 5,918,000

Consolidated Statement of Chang

Consolidated Statement of Changes in Shareholders' Equity - USD ($)	Total	Preferred Stock [Member]	Common Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss), Net [Member]
Balance beginning at Dec. 31, 2013	$ 53,779,000	$ 14,974,000	$ 40,690,000	$ 1,905,000	$ (3,790,000)
Balance beginning, shares at Dec. 31, 2013			5,943,767
Cash dividends declared on common stock	(300,000)			$ (300,000)
Payment of discount on dividend reinvestment plan	(2,000)		$ (2,000)
Cash dividends declared on preferred stock	(683,000)			$ (683,000)
Common stock issued under dividend reinvestment plan	37,000		$ 37,000
Common stock issued under dividend reinvestment plan, shares			8,589
Common stock issued under stock plans	$ 151,000		$ 151,000
Common stock issued under stock plans, shares			32,916
Issuance of restricted stock			$ 249,000	$ (249,000)
Issuance of restricted stock, shares			49,661
Amortization of restricted stock	$ 69,000			69,000
Amortization of issuance costs		$ 10,000		(10,000)
Net income	$ 3,085,000			$ 3,085,000
Other comprehensive income (loss)	2,833,000				$ 2,833,000
Balance ending at Dec. 31, 2014	$ 58,969,000	$ 14,984,000	$ 41,125,000	$ 3,817,000	$ (957,000)
Balance ending, shares at Dec. 31, 2014	6,034,933		6,034,933
Cash dividends declared on common stock	$ (486,000)			$ (486,000)
Payment of discount on dividend reinvestment plan	(3,000)		$ (3,000)
Cash dividends declared on preferred stock	(456,000)			$ (456,000)
Common stock issued under dividend reinvestment plan	59,000		$ 59,000
Common stock issued under dividend reinvestment plan, shares			10,821
Common stock issued under stock plans	$ 83,000		$ 83,000
Common stock issued under stock plans, shares			14,483
Issuance of restricted stock			$ 279,000	$ (279,000)
Issuance of restricted stock, shares			50,974
Amortization of restricted stock	$ 127,000			$ 127,000
Tax benefit from restricted stock vesting	3,000		$ 3,000
Restricted stock forfeited	$ (35,000)		$ (136,000)	$ 101,000
Restricted stock forfeited, shares			(25,683)
Amortization of issuance costs		$ 16,000		$ (16,000)
Repurchase of SBLF preferred stock	$ (15,000,000)	$ (15,000,000)
Net income	4,200,000			$ 4,200,000
Other comprehensive income (loss)	112,000				$ 112,000
Balance ending at Dec. 31, 2015	$ 47,573,000		$ 41,410,000	$ 7,008,000	$ (845,000)
Balance ending, shares at Dec. 31, 2015	6,085,528		6,085,528

Consolidated Statement of Chan7

Consolidated Statement of Changes in Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Consolidated Statements of Changes in Shareholders' Equity [Abstract]
Cash dividends declared on common stock, dividend per share	$ 0.08	$ 0.05

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income	$ 4,200,000	$ 3,085,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	392,000	420,000
Amortization of premiums and accretion of discounts, net	670,000	943,000
Amortization of restricted stock, net of forfeitures	92,000	$ 69,000
Amortization of Subordinated Notes issuance cost	21,000
Accretion of deferred loan fees	102,000	$ 42,000
Provision for loan losses	(1,375,000)	(50,000)
Originations of mortgage loans held for sale	(10,764,000)	(4,608,000)
Proceeds from sale of mortgage loans	$ 9,383,000	4,680,000
Proceeds from sale of loans		2,559,000
Gain on sales of mortgage loans	$ (141,000)	(72,000)
Loss on sale of loans		241,000
Gain on sales and calls of securities	$ (169,000)	(165,000)
Gain on sale of other real estate owned	(83,000)	(63,000)
Deferred income tax expense	517,000	626,000
Decrease in accrued interest receivable	27,000	72,000
Increase (decrease) in accrued interest payable	483,000	(93,000)
Earnings on bank owned life insurance	(403,000)	(405,000)
Decrease in other assets	395,000	300,000
Increase (decrease) in other liabilities	(2,146,000)	1,808,000
Net cash provided by operating activities	1,201,000	9,389,000
Cash flows from investing activities:
Purchase of securities available-for-sale	(13,404,000)	(6,319,000)
Proceeds from maturities and principal repayments on securities available-for-sale	12,458,000	18,247,000
Proceeds from sales and calls on securities available-for-sale	31,845,000	11,155,000
Purchase of securities held to maturity	(22,944,000)	(12,940,000)
Proceeds from maturities and principal repayments on securities held to maturity	9,144,000	$ 7,824,000
Proceeds from calls on securities held to maturity	8,250,000
(Purchase) Sale of FHLB-NY stock	1,169,000	$ (1,644,000)
Net increase in loans	(49,464,000)	(45,869,000)
Proceeds from sale of other real estate owned	1,458,000	1,608,000
Additions to premises and equipment	(614,000)	(1,258,000)
Net cash used in investing activities	(22,102,000)	(29,196,000)
Cash flows from financing activities:
Net increase in noninterest-bearing deposits	11,107,000	3,156,000
Net increase (decrease) in interest-bearing deposits	$ 37,170,000	(24,271,000)
Net increase in long term borrowings		15,000,000
Net decrease in securities sold under agreements to repurchase		(7,300,000)
Net increase (decrease) in short term borrowings	$ (26,700,000)	26,700,000
Cash dividends paid on common stock	(486,000)	(300,000)
Cash dividends paid on preferred stock	(456,000)	$ (683,000)
Redemption of SBLF	(15,000,000)
Payment of discount on dividend reinvestment plan	(3,000)	$ (2,000)
Proceeds from issuance of Subordinated Notes	15,948,000
Issuance of common stock	142,000	$ 188,000
Tax benefit from restricted stock vesting	3,000
Net cash provided by financing activities	21,725,000	$ 12,488,000
Net increase (decrease) in cash and cash equivalents	824,000	(7,319,000)
Cash and cash equivalents - beginning	10,086,000	17,405,000
Cash and cash equivalents - ending	10,910,000	10,086,000
Supplemental disclosures of cash flow information:
Cash paid during the year for interest	3,342,000	3,300,000
Cash paid during the year for income taxes	$ 2,301,000	358,000
Reclassification of securities available-for-sale to held-to-maturity		24,022,000
Transfers from loans to other real estate owned	$ 880,000	$ 2,440,000

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
SIGNIFICANT ACCOUNTING POLICIES	Dec. 31, 2015
SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	Note 1. 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. 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 under 90 days 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 ) S tock The Bank is a member of the FHLB system. Members are required to own a certain amount of FHLB stock based on the 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. L oans 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 amortized cost. All loans are 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 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 5 years. For each portfolio segment the Bank prepares an analysis 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: 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 Real Estate Construction Residential Real Estate Consumer 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 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. 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, 2015 the Bank could have paid dividends totaling approximately $ 6.8 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 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 derivative instrument used 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 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. Adopt ion of New Accounting Standards In January 2014, the Financial Accounting Standards Board (the FASB) issued Accounting Standards Update (ASU) 2014-04, Receivables Troubled Debt Restructurings by Creditors (Subtopic 310-40) Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. In April 2015, the FASB issued ASU 2015-03, Interest Imputation of Interest (Subtopic 835-30) Simplifying the Presentation of Debt Issuance Costs. To simplify presentation of debt issuance costs, the amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. In January 2016, the FASB issued ASU No. 2016-01, "Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Liabilities." In February 2016, the FASB issued ASU 2016-02, Leases (Subtopic 842).

SECURITIES - AVAILABLE-FOR-SALE

SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY	12 Months Ended
SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY	Dec. 31, 2015
SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY [Abstract]
SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY	Note 2 . SECURITIES - AVAILABLE - FOR - SAL E 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 were as follows: December 31, 2015 Amortized Gross Unrealized Fair Cost Gains Losses Value U.S. government-sponsored agencies $ 31,266,000 $ 81,000 $ 393,000 $ 30,954,000 Obligations of state and political subdivisions 1,409,000 2,000 1,000 1,410,000 Mortgage-backed securities-residential 45,520,000 213,000 496,000 45,237,000 Asset-backed securities (a) 9,877,000 176,000 9,701,000 Corporate debt 2,500,000 81,000 2,419,000 Total debt securities 90,572,000 296,000 1,147,000 89,721,000 Other equity investments 3,778,000 145,000 3,633,000 $ 94,350,000 $ 296,000 $ 1,292,000 $ 93,354,000 December 31, 2014 Amortized Gross Unrealized Fair Cost Gains Losses Value U.S. government-sponsored agencies $ 30,701,000 $ 94,000 $ 521,000 $ 30,274,000 Obligations of state and political subdivisions 1,420,000 2,000 22,000 1,400,000 Mortgage-backed securities-residential 76,894,000 521,000 672,000 76,743,000 Asset-backed securities (a) 9,874,000 57,000 16,000 9,915,000 Corporate debt 2,998,000 6,000 7,000 2,997,000 Total debt securities 121,887,000 680,000 1,238,000 121,329,000 Other equity investments 3,664,000 75,000 3,589,000 $ 125,551,000 $ 680,000 $ 1,313,000 $ 124,918,000 (a) Collateralized by student loans Cash proceeds realized from sales and calls of securities available-for-sale for the years ended December 31, 2015 and 2014 were $ 31,845,000 11,155,000 213,000 61,000 165,000 The fair value of available - for - sale securities 1,012,000 670,000 See also Note 7 to the consolidated financial statements regarding securities pledged as collateral for Federal Home Loan Bank of New York advances and securities sold under agre ements to repurchase. The following is a summary of the held to maturity securities and related gross unrealized gains and losses: December 31, 2015 Amortized Gross Unrealized Fair Cost Gains Losses Value U.S. Treasury $ 999,000 $ $ 11,000 $ 988,000 U.S. government-sponsored agencies 15,109,000 132,000 24,000 15,217,000 Obligations of state and political subdivisions 11,219,000 268,000 11,487,000 Mortgage-backed securities-residential 33,411,000 295,000 117,000 33,589,000 $ 60,738,000 $ 695,000 $ 152,000 $ 61,281,000 December 31, 2014 Amortized Gross Unrealized Fair Cost Gains Losses Value U.S. Treasury $ $ $ $ U.S. government-sponsored agencies 11,962,000 177,000 12,139,000 Obligations of state and political subdivisions 15,636,000 514,000 16,150,000 Mortgage-backed securities-residential 27,499,000 511,000 66,000 27,944,000 $ 55,097,000 $ 1,202,000 $ 66,000 $ 56,233,000 Cash proceeds realized from calls of securities held to maturity for the year ended December 31, 2015 were $ 8,250,000 The fair value of held to maturity securities 581,000 751,000 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 2015 and 2014, there were 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 31,2015 Amortized Fair Cost Value Available-for-sale Within one year $ $ After one year, but within five years 12,986,000 12,872,000 After five years, but within ten years 15,183,000 15,098,000 After ten years 7,006,000 6,813,000 Mortgage-backed securities - residential 45,520,000 45,237,000 Asset-backed securities 9,877,000 9,701,000 Total $ 90,572,000 $ 89,721,000 Held to maturity Within one year $ 2,655,000 $ 2,698,000 After one year, but within five years 11,617,000 11,845,000 After five years, but within ten years 12,108,000 12,180,000 After ten years 947,000 969,000 Mortgage-backed securities - residential 33,411,000 33,589,000 Total $ 60,738,000 $ 61,281,000 The following tables summarize the fair value and unrealized losses of those investment securities which reported an unrealized loss at December 31, 2015 and 2014, and if the unrealized loss position was continuous for the twelve months prior to December 31, 2015 and 2014. Available-for-Sale December 31, 2015 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses U.S. government- sponsored agencies $ 18,396,000 $ (183,000 ) $ 7,296,000 $ (210,000 ) $ 25,692,000 $ (393,000 ) Obligations of state and political subdivisions 984,000 (1,000 ) 984,000 (1,000 ) Mortgage-backed securities - residential 8,599,000 (69,000 ) 16,278,000 (427,000 ) 24,877,000 (496,000 ) Asset-backed securities 6,791,000 (56,000 ) 2,910,000 (120,000 ) 9,701,000 (176,000 ) Corporate debt 1,419,000 (81,000 ) 1,419,000 (81,000 ) Other equity investments 3,573,000 (145,000 ) 3,573,000 (145,000 ) Total temporarily impaired securities $ 34,770,000 $ (309,000 ) $ 31,476,000 $ (983,000 ) $ 66,246,000 $ (1,292,000 ) December 31, 2014 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses U.S. government- sponsored agencies $ $ $ 23,750,000 $ (521,000 ) $ 23,750,000 $ (521,000 ) Obligations of state and political subdivisions 992,000 (22,000 ) 992,000 (22,000 ) Mortgage-backed securities - residential 5,985,000 (22,000 ) 30,445,000 (650,000 ) 36,430,000 (672,000 ) Asset-backed securities 3,022,000 (16,000 ) 3,022,000 (16,000 ) Corporate debt 1,494,000 (7,000 ) 1,494,000 (7,000 ) Other equity investments 3,529,000 (75,000 ) 3,529,000 (75,000 ) Total temporarily impaired securities $ 9,007,000 $ (38,000 ) $ 60,210,000 $ (1,275,000 ) $ 69,217,000 $ (1,313,000 ) Held to Maturity December 31, 2015 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses U.S. Treasury $ 988,000 $ (11,000 ) $ $ $ 988,000 $ (11,000 ) U.S. government- sponsored agencies 4,955,000 (24,000 ) 4,955,000 (24,000 ) Mortgage-backed securities - residential 15,183,000 (90,000 ) 1,066,000 (27,000 ) 16,249,000 (117,000 ) Total temporarily impaired securities $ 21,126,000 $ (125,000 ) $ 1,066,000 $ (27,000 ) $ 22,192,000 $ (152,000 ) December 31, 2014 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses U.S. Treasury $ $ $ $ $ $ U.S. government- sponsored agencies Mortgage-backed securities - residential 8,788,000 (66,000 ) 8,788,000 (66,000 ) Total temporarily impaired securities $ 8,788,000 $ (66,000 ) $ $ $ 8,788,000 $ (66,000 ) Other-Than-Temporary-Impairment A t December 31, 2015, there were available-for-sale investments 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
LOANS AND ALLOWANCE FOR LOAN LOSSES	Dec. 31, 2015
LOANS AND ALLOWANCE FOR LOAN LOSSES [Abstract]
LOANS AND ALLOWANCE FOR LOAN LOSSES	Note 3 . LOANS AND ALLOWANCE FOR LOAN LOSSES At December 31, 2015 and 2014, respectively, the loan portfolio consisted of the following: December 31, 2015 2014 Commercial: Secured by real estate $ 37,993,000 $ 46,545,000 Other 26,867,000 29,307,000 Commercial real estate 334,489,000 286,063,000 Commercial construction 4,609,000 4,215,000 Residential real estate 82,955,000 77,836,000 Consumer: Secured by real estate 29,224,000 27,319,000 Other 580,000 939,000 Government Guaranteed Loans - guaranteed portion 9,626,000 5,000,000 Other 134,000 96,000 Total gross loans 526,477,000 477,320,000 Less: Deferred loan costs (fees), net 98,000 19,000 Allowance for loan losses 8,823,000 9,602,000 8,921,000 9,621,000 Loans, net $ 517,556,000 $ 467,699,000 During the years ended December 31, 2015 and 2014, 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 SBA loans. At December 31, 2015 and 2014, loan participations sold by the Corporation to other lending institutions totaled approximately $ 8,527,000 12,948,000 The Corporation has entered into lending transactions with directors, executive officers and principal shareholders of the Corporation and their affiliates. At December 31, 2015 and 2014, these loans aggregated approximately $ 2,458,000 2,533,000 1,019,000 1,094,000 Activity in the allowance for loan losses is summarized as follows: Year Ended December 31, 2015 Balance Provision Recoveries Balance beginning of charged to Loans of loans end of period operations charged-off charged-off period Commercial $ 3,704,000 $ 129,000 $ (600,000 ) $ 465,000 $ 3,698,000 Commercial real estate 5,017,000 (508,000 ) 151,000 4,660,000 Commercial construction 150,000 (588,000 ) 552,000 114,000 Residential real estate 142,000 (59,000 ) 26,000 109,000 Consumer 189,000 (75,000 ) 4,000 118,000 Other 2,000 3,000 (2,000 ) 3,000 Unallocated 398,000 (277,000 ) 121,000 Balance, ending $ 9,602,000 $ (1,375,000 ) $ (602,000 ) $ 1,198,000 $ 8,823,000 Year Ended December 31, 2014 Balance Provision Recoveries Balance beginning of charged to Loans of loans end of period operations charged-off charged-off period Commercial $ 3,373,000 $ 377,000 $ (262,000 ) $ 216,000 $ 3,704,000 Commercial real estate 5,665,000 (396,000 ) (1,110,000 ) 858,000 5,017,000 Commercial construction 117,000 (15,000 ) 48,000 150,000 Residential real estate 460,000 (311,000 ) (7,000 ) 142,000 Consumer 288,000 (93,000 ) (6,000 ) 189,000 Other 3,000 (1,000 ) 2,000 Unallocated 9,000 388,000 1,000 398,000 Balance, ending $ 9,915,000 $ (50,000 ) $ (1,385,000 ) $ 1,122,000 $ 9,602,000 The following table presents 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, 2015 and 2014: December 31, 2015 Commercial Commercial Residential Gov't Other Commercial Real Estate Construction Real Estate Consumer Guarnatee Loans Unallocated Total Allowance for loan losses: Ending Allowance balance attributable to loans Individually evaluated for impairment $ 81,000 $ 638,000 $ $ $ $ $ $ $ 719,000 Collectively evaluated for impairment 3,617,000 4,022,000 114,000 109,000 118,000 3,000 121,000 8,104,000 Total ending allowance balance $ 3,698,000 $ 4,660,000 $ 114,000 $ 109,000 $ 118,000 $ $ 3,000 $ 121,000 $ 8,823,000 Loans: Loans individually evaluated for impairment $ 3,348,000 $ 8,113,000 $ $ $ 84,000 $ $ $ $ 11,545,000 Loans collectively evaluated for impairment 61,512,000 326,376,000 4,609,000 82,955,000 29,720,000 9,626,000 134,000 514,932,000 Total ending Loan balance $ 64,860,000 $ 334,489,000 $ 4,609,000 $ 82,955,000 $ 29,804,000 $ 9,626,000 $ 134,000 $ $ 526,477,000 December 31, 2014 Commercial Commercial Residential Government Other Commercial Real Estate Construction Real Estate Consumer Guaranteed Loans Unallocated Total Allowance for loan losses: Ending Allowance balance attributable to loans Individually evaluated for impairment $ 223,000 $ 697,000 $ $ $ $ $ $ $ 920,000 Collectively evaluated for impairment 3,481,000 4,320,000 150,000 142,000 189,000 2,000 398,000 8,682,000 Total ending allowance balance $ 3,704,000 $ 5,017,000 $ 150,000 $ 142,000 $ 189,000 $ $ 2,000 $ 398,000 $ 9,602,000 Loans: Loans individually evaluated for impairment $ 6,042,000 $ 8,913,000 $ 288,000 $ 96,000 $ 326,000 $ $ $ $ 15,665,000 Loans collectively evaluated for impairment 69,810,000 277,150,000 3,927,000 77,740,000 27,932,000 5,000,000 96,000 461,655,000 Total ending Loan balance $ 75,852,000 $ 286,063,000 $ 4,215,000 $ 77,836,000 $ 28,258,000 $ 5,000,000 $ 96,000 $ $ 477,320,000 The following table presents the recorded investment in nonaccrual loans at the dates indicated: December 31, 2015 2014 Commercial: Secured by real estate $ 1,300,000 $ 1,923,000 Other 14,000 Commercial real estate 484,000 1,284,000 Residential real estate 96,000 Consumer: Secured by real estate 84,000 325,000 Total nonaccrual loans $ 1,882,000 $ 3,628,000 At December 31, 2015 and 2014 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, 2015 Allowance Unpaid for Loan Average Interest Principal Recorded Losses Recorded Income Balance Investment Allocated Investment Recognized With no related allowance recorded: Commercial: Secured by real estate $ 3,244,000 $ 2,729,000 $ 3,683,000 $ 156,000 Other 137,000 137,000 61,000 2,000 Commercial real estate 3,245,000 2,885,000 2,890,000 121,000 Commercial construction 215,000 Residential real estate 74,000 Consumer: Secured by real estate 84,000 84,000 226,000 With an allowance recorded: Commercial: Secured by real estate 390,000 308,000 $ 80,000 405,000 14,000 Other 174,000 174,000 1,000 463,000 31,000 Commercial real estate 5,228,000 5,228,000 638,000 5,534,000 211,000 Total impaired loans $ 12,502,000 $ 11,545,000 $ 719,000 $ 13,551,000 $ 535,000 During the year ended December 31, 2015, no interest income was recognized on a cash basis. At And For The Year Ended December 31, 2014 Allowance Unpaid for Loan Average Interest Principal Recorded Losses Recorded Income Balance Investment Allocated Investment Recognized With no related allowance recorded: Commercial: Secured by real estate $ 5,997,000 $ 4,838,000 $ 5,443,000 $ 225,000 Other 66,000 58,000 65,000 3,000 Commercial real estate 4,609,000 3,279,000 6,755,000 155,000 Commercial construction 652,000 288,000 517,000 71,000 Residential real estate 132,000 96,000 526,000 Consumer: Secured by real estate 333,000 326,000 506,000 With an allowance recorded: Commercial: Secured by real estate 458,000 436,000 $ 213,000 437,000 16,000 Other 713,000 710,000 10,000 750,000 44,000 Commercial real estate 5,643,000 5,634,000 697,000 3,922,000 233,000 Commercial construction 420,000 Total impaired loans $ 18,603,000 $ 15,665,000 $ 920,000 $ 19,341,000 $ 747,000 During the year ended December 31, 2014, 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, 2015 and 2014. Nonaccrual loans are included in the disclosure by payment status: December 31, 2015 Greater than 30-59 Days 60-89 Days 90 Days Total Past Loans Not Past Due Past Due Past Due Due Past Due Total Commercial: Secured by real estate $ $ $ 1,011,000 $ 1,011,000 $ 36,982,000 $ 37,993,000 Other 26,867,000 26,867,000 Commercial real estate 271,000 271,000 334,218,000 334,489,000 Commercial construction 4,609,000 4,609,000 Residential real estate 82,955,000 82,955,000 Consumer: Secured by real estate 112,000 41,000 153,000 29,071,000 29,224,000 Other 580,000 580,000 Government guarantee 9,626,000 9,626,000 Other 134,000 134,000 Total $ 383,000 $ $ 1,052,000 $ 1,435,000 $ 525,042,000 $ 526,477,000 December 31, 2014 Greater than 30-59 Days 60-89 Days 90 Days Total Past Loans Not Past Due Past Due Past Due Due Past Due Total Commercial: Secured by real estate $ 546,000 $ $ 1,508,000 $ 2,054,000 $ 44,491,000 $ 46,545,000 Other 225,000 225,000 29,082,000 29,307,000 Commercial real estate 330,000 836,000 1,166,000 284,897,000 286,063,000 Commercial construction 4,215,000 4,215,000 Residential real estate 77,836,000 77,836,000 Consumer: Secured by real estate 249,000 249,000 27,070,000 27,319,000 Other 939,000 939,000 SBA 5,000,000 5,000,000 Other 96,000 96,000 Total $ 771,000 $ 330,000 $ 2,593,000 $ 3,694,000 $ 473,626,000 $ 477,320,000 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 under the modified terms. At December 31, 2015 and 2014, the Corporation had $ 10.2 12.9 9.7 12.0 708,000 868,000 138,000 There were no new loans classified as troubled debt restructuring during the year ended December 31, 2015. The following table presents loans by class that were modified as troubled debt restructurings that occurred during the year ended December 31, 2014: December 31, 2014 Pre- Post- Number Modification Modification of Recorded Recorded Loans Investment Investment Commercial: Secured by real estate 2 $ 252,000 $ 252,000 Commercial real estate 1 111,000 111,000 Total 3 $ 363,000 $ 363,000 During the year ended December, 2014, three loans were modified as troubled debt restructurings. The modification of the terms of the two commercial secured by real estate loans represented a term out of the remaining balances on these matured loans as well as an interest rate reduction. The modification of the terms of the commercial real estate loan involved an extension of the loan with an additional borrower added. For the year ended December 31, 2015, there was a net decrease in the allowance for loan losses of $ 161,000 587,000 Credit Quality Indicato rs 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 Substandard Doubtful Loss 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, 2015 and 2014, and based on the most recent analysis performed at those times, the risk category of loans by class is as follows: December 31, 2015 Special Pass Mention Substandard Doubtful Loss Total Commercial: Secured by real estate $ 35,263,000 $ 1,431,000 $ 1,299,000 $ $ $ 37,993,000 Other 25,725,000 745,000 397,000 26,867,000 Commercial real estate 326,737,000 4,034,000 3,718,000 334,489,000 Commercial construction 4,609,000 4,609,000 Total $ 392,334,000 $ 6,210,000 $ 5,414,000 $ $ $ 403,958,000 December 31, 2014 Special Pass Mention Substandard Doubtful Loss Total Commercial: Secured by real estate $ 41,091,000 $ 3,531,000 $ 1,923,000 $ $ $ 46,545,000 Other 27,903,000 616,000 788,000 29,307,000 Commercial real estate 274,788,000 5,521,000 5,754,000 286,063,000 Commercial construction 2,709,000 1,506,000 4,215,000 Total $ 346,491,000 $ 11,174,000 $ 8,465,000 $ $ $ 366,130,000 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, 2015 and 2014. December 31, 2015 Past Due and Current Nonaccrual Total Residential real estate $ 82,415,000 $ 540,000 $ 82,955,000 Consumer: Secured by real estate 27,730,000 1,494,000 29,224,000 Other 578,000 2,000 580,000 Total $ 110,723,000 $ 2,036,000 $ 112,759,000 December 31, 2014 Past Due and Current Nonaccrual Total Residential real estate $ 77,740,000 $ 96,000 $ 77,836,000 Consumer: Secured by real estate 25,867,000 1,452,000 27,319,000 Other 930,000 9,000 939,000 Total $ 104,537,000 $ 1,557,000 $ 106,094,000

PREMISES AND EQUIPMENT, NET

PREMISES AND EQUIPMENT, NET	12 Months Ended
PREMISES AND EQUIPMENT, NET	Dec. 31, 2015
PREMISES AND EQUIPMENT, NET [Abstract]
PREMISES AND EQUIPMENT, NET	Note 4 . PREMISES AND EQUIPMENT, NE T The balance of premises and equipment consists of the following at December 31, 2015 and 2014: Years Ended December 31, 2015 2014 Land $ 3,240,000 $ 3,219,000 Buildings and improvements 4,498,000 4,082,000 Leasehold improvements 2,077,000 2,246,000 Furniture, fixtures, and equipment 1,078,000 2,401,000 10,893,000 11,948,000 Less: accumulated depreciation and amortization 4,094,000 5,371,000 Total premises & equipment, net $ 6,799,000 $ 6,577,000 Amounts charged to net occupancy expense for depreciation and amortization of banking premises and equipment amounted to $ 392,000 420,000

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	12 Months Ended
OTHER REAL ESTATE OWNED	Dec. 31, 2015
OTHER REAL ESTATE OWNED [Abstract]
OTHER REAL ESTATE OWNED	Note 5 . OTHER REAL ESTATE OWNED The balance of other real estate owned consists of the following at December 31, 2015 and 2014: Years Ended December 31, 2015 2014 Aquired by foreclosure or deed in lieu of foreclosure $ 880,000 $ 1,375,000 Allowance for losses on other real estate owned (67,000 ) Other real estate, net $ 880,000 $ 1,308,000 Activity in the allowance for losses on other real estate owned was as follows: Years Ended December 31, 2015 2014 Beginning of year $ 67,000 $ 29,000 Additions charged to expense 218,000 235,000 Reductions from sales of other real estate owned (285,000 ) (197,000 ) End of year $ $ 67,000 Net gain on sale of other real estate owned totaled $ 83,000 63,000 Expenses related to other real estate owned include: Years Ended December 31, 2015 2014 Provision for unrealized losses $ 218,000 $ 235,000 Operating expenses, net of rental income 80,000 195,000 End of year $ 298,000 $ 430,000

DEPOSITS

DEPOSITS	12 Months Ended
DEPOSITS	Dec. 31, 2015
DEPOSITS [Abstract]
DEPOSITS.	Note 6 . DEPOSITS December 31, 2015 2014 Noninterest-bearing demand $ 147,828,000 $ 136,721,000 Interest-bearing checking accounts 182,310,000 168,319,000 Money market accounts 46,427,000 41,906,000 Total interest-bearing demand 228,737,000 210,225,000 Statement savings and clubs 74,384,000 71,202,000 Business savings 7,452,000 5,220,000 Total savings 81,836,000 76,422,000 IRA investment and variable rate savings 28,731,000 28,765,000 Brokered certificates 7,779,000 10,496,000 Money market certificates 109,842,000 93,847,000 Total certificates of deposit 146,352,000 133,108,000 Total interest-bearing deposits 456,925,000 419,755,000 Total deposits $ 604,753,000 $ 556,476,000 Certificates of deposit with balances of $100,000 or more at December 31, 2015 and 2014 , totaled $ 86,832,00 0 and $ 75,859, 000 , respectively. The scheduled maturities of certificates of deposit were as follows: December 31, 2016 61,178,000 2017 41,882,000 2018 18,928,000 2019 14,648,000 2020 9,716,000 $ 146,352,000

BORROWINGS

BORROWINGS	12 Months Ended
BORROWINGS	Dec. 31, 2015
BORROWINGS [Abstract]
BORROWINGS	Note 7 . 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, 2015 December 31, 2014 Weighted Weighted Average Average Advances maturing Amount Rate Amount Rate Within one year $ 10,000,000 1.64 $ 26,700,000 2.10 After one year, but within two years 15,000,000 3.74 10,000,000 1.64 After two years, but within three years 15,000,000 3.35 15,000,000 3.74 After three years, but within four years % 15,000,000 3.35 After four years, but within five years $ 40,000,000 3.07 $ 66,700,000 2.68 During 2015 and 2014 , the maximum amount of FHLB-NY advances outstanding at any month end was $ 55 .0 million and $ 66.7 million, respectively. The average amount of advances outstanding during the year ended December 31, 2015 and 20 14 was $ 47.8 million and $ 32.5 mi llion, respectively. At December 31, 2015 , FHLB a dvances totaling $ 10.0 million had a quarterly call feature wh ich 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 mortgage-backed securities or investment securities. The loans remain under the control of the Corporation. Securities are maintained in safekeeping with the FHLB-NY. As of December 31, 2015 and 2014 , t he advances were collateralized by $ 68.3 million and $ 63.2 , respectively of first mortgage loans under the blanket lien arrangement. Additionally, the advances were collateralized by $ 15.8 million and $ 21.5 million of investment securities a s of December 3 1, 2015 and 2014 , respectively. Based on th e collateral the Co rporation was eligible to borrow up to a total of $ 84.1 million at December 31, 2015 and $ 84.7 million at December 31, 2014 . The Corporation has the ability to borrow overnight with the FHLB-NY. There were no overnight borrowings with the FHLB-NY at December 31, 2015. As of December 31, 2014 overnight borrowings with the FHLB-NY were $ 6.7 . 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, 2015 and 2014 , the Corporation's borrowing capacity at the Discount Window was $ 7.8 million and $ 5.1 million , respectively . In addition, a t December 31, 2015 and 2014 the Corporation had available overnight variable repricing lines of credit with other correspondent banks totaling $ 38 million and $ 35 million, respectively, on an unsecured basis. There were no borrowings under these lines of credit at December 31, 2015 and 2014 . Securities Sold Under Agreements to Repurchase Securities sold under agreements to repurchase represent financing arrangements. During 2014 the balance of securities sold under agreements to repurchase which included a wholesale repurchase agreement with a broker was repaid in full . After a fixed rate period, t he borrowing converted to a floating rate at 9.00% minus 3-month London Interbank Offered Rate (LIBOR) measured on a quarterly basis with a 5.15% cap and a 0.0% floor. This repurchase agreement was collateralized by agency securities maintained in safekeeping with the broker . During 2014, there were also securities sold to Bank customer s at a fixed rate with maturities varying from 6 months to one year. These securities were maintained in a separate safekeeping account within the Corporation's control. At December 31, 2015 and 2014, there were no securities sold under agreements to repurchase. Information concerning securities sold under agreements to repurchase is summarized as follows: December 31, 2015 2014 Balance $ $ Weighted average interest rate at year end 0.00 % 0.00 % Maximum amount outstanding at any month end during the year $ $ 7,601,000 Average amount outstanding during the year $ $ 5,255,000 Average interest rate during the year 0.00 % 4.83 %

SUBORDINATED DEBENTURES AND SUB

SUBORDINATED DEBENTURES AND SUBORDINATED NOTES	12 Months Ended
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES	Dec. 31, 2015
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES [Abstract]
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES	Note 8 . SUBORDINATED DEBENTURES AND SUBORDINATED NOTES Carrying Amount December 31, Issue Maturity Rate 2015 2014 9/17/2003 9/17/2033 Fixed / Floating Rate Junior Subordinated Debentures $ 7,217,000 $ 7,217,000 8/28/2015 8/25/2025 Fixed Rate Subordinated Notes 15,969,000 $ 23,186,000 $ 7,217,000 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 to purchase from the Corporation, $ 7,217,000 The Corp oration'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 Co rporation is not considered the primary beneficiary of this Trust (variable interest entity) ; therefore the Trust is not consolidated in the Co rporation 's consolidated financial statements, but rather the Subordinated D ebentures 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 three month LIBOR 2.95 3.48 3.19 20 On August 28, 2015, the Corporation completed a private placement of $ 16.6 6.75 16.0 631,000

PREFERRED STOCK

PREFERRED STOCK	12 Months Ended
PREFERRED STOCK	Dec. 31, 2015
PREFERRED STOCK [Abstract]
PREFERRED STOCK	Note 9 . P REFERRED STOCK Using the net proceeds of the Subordinated Notes issuance discussed in Note 8, on September 1, 2015, the Corporation repurchased from the U.S. Department of the Treasury (Treasury) all 15,000 shares of the Corporation's Senior Non-Cumulative Perpetual Preferred Stock, Series B (the Series B Preferred Shares), having a liquidation preference of 1,000 15 114,000 30 The dividend rate of the Series B Preferred Shares was subject to fluctuation on a quarterly basis during the first ten quarters during which the Series B Preferred Shares were outstanding, based upon changes in the level of Qualified Small Business Lending (QSBL as defined in the Securities Purchase Agreement) from 1% to 5% per annum and, since then, for the eleventh dividend period through that portion of the nineteenth dividend period prior to the four and one-half year anniversary of the date of issuance of the Series B Preferred Shares (i.e., through February 29, 2016), the dividend rate became fixed at 4.56%. 9

REGULATORY CAPITAL REQUIREMENTS

REGULATORY CAPITAL REQUIREMENTS	12 Months Ended
REGULATORY CAPITAL REQUIREMENTS	Dec. 31, 2015
REGULATORY CAPITAL REQUIREMENTS [Abstract]
REGULATORY CAPITAL REQUIREMENTS	Note 10 . 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 revise 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) establish a new common equity Tier 1 Capital (CET1) to risk-weighted assets ratio minimum of 4.5% of risk-weighted assets, (b) raise the minimum Tier 1 Capital to risk-based assets requirement (Tier 1 Capital Ratio) from 4% to 6% of risk-weighted assets and (c) assign 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 is 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 its minimum risk-based capital requirements. 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 and 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 will be phased in beginning January 1, 2016 and ending January 1, 2019, when the full capital conservation buffer requirement will be effective. 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%. 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 20% 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. To Be Well Capitalized Required for Capital Under Prompt Corrective Actual Adequacy Purposes Action Regulations Amount Ratio Amount Ratio Amount Ratio December 31, 2015 Tier 1 Leverage ratio Consolidated $ 55,331,000 7.67 $ 28,842,000 4.00 N/A N/A Bank 68,118,000 9.47 28,762,000 4.00 $ 35,953,000 5.00 % Risk-based capital: Common Equity Tier 1 Consolidated N/A N/A N/A N/A N/A N/A Bank 68,118,000 12.41 24,698,000 4.50 35,675,000 6.50 % Tier 1 Consolidated 55,331,000 10.16 21,791,000 4.00 N/A N/A Bank 68,118,000 12.41 32,930,000 6.00 43,907,000 8.00 % Total Consolidated 78,135,000 14.34 43,583,000 8.00 N/A N/A Bank 75,006,000 13.67 43,907,000 8.00 54,884,000 10.00 % December 31, 2014 Tier 1 Leverage ratio Consolidated $ 64,399,000 9.45 $ 27,265,000 4.00 N/A N/A Bank 62,622,000 9.20 27,214,000 4.00 $ 34,018,000 5.00 % Risk-based capital: Tier 1 Consolidated 64,399,000 13.04 19,751,000 4.00 N/A N/A Bank 62,622,000 12.69 19,740,000 4.00 29,609,000 6.00 % Total Consolidated 70,614,000 14.30 39,502,000 8.00 N/A N/A Bank 68,833,000 13.95 39,479,000 8.00 49,349,000 10.00 % As presented above, at December 31, 2015 and 2014, 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. The Series B Preferred Shares qualified as Tier 1 for regulatory purposes. As a result of the issuance of the Subordinated Notes and the subsequent repurchase of the Series B Preferred Shares, the Corporation's Tier 1 capital was reduced, thereby decreasing the Corporation's Tier 1 Leverage and the Tier 1 ratios in the above table. Nevertheless, the Bank and the Corporation exceed all capital adequacy requirements to which they are subject

BENEFIT PLANS

BENEFIT PLANS	12 Months Ended
BENEFIT PLANS	Dec. 31, 2015
BENEFIT PLANS [Abstract]
BENEFIT PLANS	Note 11 . BEN EFIT PLANS The Corporation has a noncontributory profit sharing plan covering all eligible employees. Contributions are determined by the Corporation's Board of Directors on an annual basis. Total profit sharing expense for the years ended December 31, 2015 and 2014 was $ 248,000 and $ 170,000 , respectively . The Corporation also has a 401(k) plan which covers all eligible employees. Participants may elect to contribute up to 1 00 % of their salaries, not to exceed the applicable limitations as per the Internal Revenue Code. The Corporation, on an annual basis, may elect to match 50% of the participant's first 5% contribution. Total 401(k) expense for the years ended December 31, 2015 and 2014 amounted to approximately $ 164 ,000 and $ 141 , 000 , respectively. T he Corporation offers an Employee Stock Purchase Plan which allows all eligible e mployees 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 4,671 and 6,560 shares during 2015 and 2014 , respectively. At December 31, 2015 , the Corporation had 174,752 shares reserved for issuance under this plan.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
STOCK-BASED COMPENSATION	Dec. 31, 2015
STOCK-BASED COMPENSATION [Abstract]
STOCK-BASED COMPENSATION.	Note 12 . STOCK-BASED COMPENSATION At December 31, 2015, the Corporation had various types of the following stock award programs. Director Stock Plan The Director Stock Plan permits members of the Board of Directors of the Bank to receive any 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 4,058 5,060 524,036 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 Changes in nonvested restricted shares were as follows: 2015 2014 Weighted Average Weighted Average Number of Grant Date Number of Grant Date Shares Fair Value Shares Fair Value Balance January 1 49,661 $ 5.01 $ Granted 50,974 5.47 49,661 5.01 Vested (16,065) 5.01 Forfeited (19,600) 5.26 Balance December 31 64,970 $ 5.29 49,661 $ 5.01 Stock based compensation expense related to stock grants to associates was $ 91,000 69,000 In addition, there were 8,250 50,000 At December 31, 2015 the Corporation had 109,153

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	12 Months Ended
EARNINGS PER COMMON SHARE	Dec. 31, 2015
EARNINGS PER COMMON SHARE [Abstract]
EARNINGS PER COMMON SHARE.	Note 13 . 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, 2015 2014 Net Income $ 4,200,000 $ 3,085,000 Dividends on preferred stock and accretion 456,000 683,000 Net income available to common shareholders $ 3,744,000 $ 2,402,000 Weighted-average common shares outstanding - basic 6,077,657 6,003,814 Effect of dilutive securities - stock options N/A N/A Weighted average common shares outstanding - diluted 6,077,657 6,003,814 Basic earnings per common share $ 0.62 $ 0.40 Diluted earnings per common share $ 0.62 $ 0.40 T here were no stock options to purchase shares of common stock for the years ended December 31, 2015 or 2014.

INCOME TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Dec. 31, 2015
INCOME TAXES [Abstract]
INCOME TAXES.	Note 14 . INCOME TAXES The components of income tax benefit are summarized as follows: Years Ended December 31, 2015 2014 Current tax expense (benefit) Federal $ 1,278,000 $ 634,000 State 477,000 159,000 1,755,000 793,000 Deferred tax expense (benefit) Federal 459,000 392,000 State 134,000 273,000 Valuation allowance (76,000 ) (39,000 ) 517,000 626,000 $ 2,272,000 $ 1,419,000 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 Years Ended December 31, 2015 2014 Federal income tax $ 2,200,000 $ 1,531,000 Add (deduct) effect of: State income taxes, net of federal income tax effect 443,000 246,000 Nontaxable interest income (194,000 ) (255,000 ) Bank owned life insurance (141,000 ) (141,000 ) Nondeductible expenses 14,000 10,000 Change in valuation reserve (50,000 ) Other items, net 28,000 Effective federal income taxes $ 2,272,000 $ 1,419,000 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, 2015 2014 Deferred tax assets: Allowance for loan losses $ 3,524,000 $ 3,835,000 Accrued compensation 124,000 159,000 Nonaccrual loan interest 302,000 453,000 Depreciation 379,000 382,000 Contribution carry forward 105,000 146,000 Restricted stock 42,000 28,000 OREO reserve 27,000 Accrued contributions 82,000 21,000 State net operating loss carry forward 23,000 Unrealized loss on fair value of interest rate swap 25,000 125,000 Unrealized loss on securities available-for-sale 385,000 477,000 Alternate minimum tax 347,000 425,000 5,315,000 6,101,000 Valuation reserve (87,000 ) (163,000 ) 5,228,000 5,938,000 Deferred tax liabilities Other 4,000 4,000 4,000 4,000 Net deferred tax assets $ 5,224,000 $ 5,934,000 At December 31, 2015, the Corporation has provided a full valuation allowance relating to both federal and state tax benefit of all contribution carryforwards and for the parent company only state tax benefit of net operating loss carryforwards. Management has determined that it is more likely than not that it will not be able to realize the deferred tax benefits described above. The Corporation has approximately $ 1.0 4.2 The Corporation has alternate minimum tax (AMT) credit carryforwards of approximately $ 347,000 regular federal income tax exceeds AMT. The AMT credit carryforwards have no expiration date. There were no unrecognized tax benefits during the years or at the years ended December 31, 2015 and 2014 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, 2015 and 2014. There were no tax interest and penalties accrued for the years ended December 31, 2015 and 2014. The Corporation and its subsidiaries are subject to U.S. federal income tax as well as income tax of the State of New Jersey. The Corporation is no longer subject to examination by taxing authorities for years before 2012.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2015
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES.	Note 15 . 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, 2015, the Corporation had residential mortgage commitments to extend credit aggregating approximately $ 1.4 3.20 7.0 3.74 469,000 4.15 Additionally, at December 31, 2015, the Corporation was committed for approximately $ 74.6 21.1 4.3 49.2 Commitments under standby letters of credit were approximately $ 485,000 433,000 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, 2015, 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 2016 $ 677,000 2017 648,000 2018 584,000 2019 513,000 2020 418,000 Thereafter 1,342,000 $ 4,182,000 Rental expense under long-term operating leases for branch offices amounted to approximately $ 924,000 1,106,000 40,000 46,000 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
INTEREST RATE SWAP	Dec. 31, 2015
INTEREST RATE SWAP [Abstract]
INTEREST RATE SWAP.	Note 16 . 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 997,000 Summary information as of December 31, 2015 about the interest rate swap designated as a cash flow hedge is as follows: Notional amount $ 7,000,000 Pay rate 7.00 Receive rate 3 month LIBOR 2.95 Maturity March 17, 2016 Unrealized loss ($ 62,000) The net expense recorded on the swap transaction totaled $ 267,000 271,000 Subordinated Debentures and Subordinated Notes. The fair value of the interest rate swap of ($62,000 ($314,000 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, 2015 Amount of gain Amount of gain (loss) Amount of gain (loss) reclassified recognized in other recognized in OCI from OCI to interest noninterest income (Effective Portion) income (Ineffective Portion) Interest rate contract $ 151,000 $ $ Year Ended December 31, 2014 Amount of gain Amount of gain (loss) Amount of gain (loss) reclassified recognized in other recognized in OCI from OCI to interest noninterest income (Effective Portion) income (Ineffective Portion) Interest rate contract $ 147,000 $ $

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS	Dec. 31, 2015
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	Note 17 . 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). For securities where 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). As the Corporation is responsible for the determination of fair value, it 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. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust 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. Non-real estate collateral may be valued 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. In addition, 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 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 Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Carrying Value (Level 1) (Level 2) (Level 3) December 31, 2015 Assets: Available-for-sale securities U.S. government - sponsored agencies $ 30,954,000 $ $ 30,954,000 $ Obligations of state and political subdivisions 1,410,000 1,410,000 Mortgage-backed securities - residential 45,237,000 45,237,000 Asset-backed securities 9,701,000 9,701,000 Corporate bonds 2,419,000 2,419,000 Other equity investments 3,633,000 3,573,000 60,000 Total available-for-sale securities $ 93,354,000 $ 3,573,000 $ 89,781,000 $ Liabilities: Interest rate swap $ 62,000 $ $ 62,000 $ December 31, 2014 Assets: Available-for-sale securities U.S. government - sponsored agencies $ 30,274,000 $ $ 30,274,000 $ Obligations of state and political subdivisions 1,400,000 1,400,000 Mortgage-backed securities - residential 76,743,000 76,743,000 Asset-backed securities 9,915,000 9,915,000 Corporate bonds 2,997,000 2,997,000 Other equity investments 3,589,000 3,529,000 60,000 Total available-for-sale securities $ 124,918,000 $ 3,529,000 $ 121,389,000 $ Liabilities: Interest rate swap $ 314,000 $ $ 314,000 $ There were no transfers of assets between Level 1 and Level 2 during 2015 and 2014. There were no changes to the valuation techniques for fair value measurements as of December 31, 2015 and 2014. 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 Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Carrying Value (Level 1) (Level 2) (Level 3) December 31, 2015 Assets: Impaired loans Commercial: Secured by real estate $ 367,000 $ $ $ 367,000 Consumer: Secured by real estate 84,000 84,000 Other real estate owned 880,000 880,000 $ 1,331,000 $ $ $ 1,331,000 December 31, 2014 Assets: Impaired loans Commercial: Secured by real estate $ 1,348,000 $ $ $ 1,348,000 Commercial real estate 205,000 205,000 Consumer: Secured by real estate 49,000 49,000 Other real estate owned 1,117,000 1,117,000 $ 2,719,000 $ $ $ 2,719,000 Collateral-dependent impaired loans measured for impairment using the fair value of the collateral had a recorded investment value of $ 461,000 10,000 16,000 Collateral-dependent impaired loans measured for impairment using the fair value of the collateral had a recorded investment value of $ 1,690,000 88,000 155,000 OREO had a recorded investment value of $ 880,000 1,375,000 67,000 170,000 235,000 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, 2015 Assets Fair Value Valuation Technique Unobservable Inputs Range Impaired loans $ 451,000 Comparable real estate sales and / or the income Adjustments for differences between comparable 5 9 Estimated selling costs. 7% Other real estate owned $ 990,000 Comparable real estate sales and / or the income approach. Adjustments for differences between comparable sales and income data available. 0 Estimated selling costs. 7% December 31, 2014 Assets Fair Value Valuation Technique Unobservable Inputs Range Impaired loans $ 1,602,000 Comparable real estate sales and / or the income Adjustments for differences between comparable 5 25 Estimated selling costs. 7% Other real estate owned $ 1,117,000 Comparable real estate sales and / or the income approach. Adjustments for differences between comparable sales and income data available. 0 62 Estimated selling costs. 7% Fair value estimates for the Corporation's financial instruments are summarized below: Fair Value Measurements Using Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Carrying Value (Level 1) (Level 2) (Level 3) December 31, 2015 Financial assets: Cash and cash equivalents $ 10,910,000 $ 10,910,000 $ $ Securities available-for-sale 93,354,000 3,573,000 89,781,000 Securities held to maturity 60,738,000 61,281,000 FHLB-NY stock 2,608,000 N/A N/A N/A Mortgage loans held for sale 1,522,000 1,522,000 Loans, net 517,556,000 527,479,000 Accrued interest receivable 1,967,000 1,000 535,000 1,432,000 Financial liabilities: Deposits 604,753,000 459,327,000 145,560,000 FHLB-NY advances 40,000,000 40,222,000 Subordinated Debentures and Subordinated Notes 23,186,000 23,206,000 Accrued interest payable 791,000 1,000 387,000 403,000 Interest rate swap 62,000 62,000 Fair Value Measurements Using Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Carrying Value (Level 1) (Level 2) (Level 3) December 31, 2014 Financial assets: Cash and cash equivalents $ 10,086,000 $ 10,086,000 $ $ Securities available-for-sale 124,918,000 3,529,000 121,389,000 Securities held to maturity 55,097,000 56,233,000 FHLB-NY stock 3,777,000 N/A N/A N/A Loans, net 467,699,000 478,451,000 Accrued interest receivable 1,994,000 646,000 1,348,000 Financial liabilities: Deposits 556,476,000 424,117,000 132,513,000 FHLB-NY advances 66,700,000 67,087,000 Subordinated Debentures 7,217,000 7,203,000 Accrued interest payable 308,000 1,000 288,000 19,000 Interest rate swap 314,000 314,000 The following methods and assumptions were used to estimate the fair value of each class of financial instruments: Cash and cash equivalents Securities available-for- sale and held to m aturity Mortgage loans held for sale L oans , net FHLB-NY stock Accrued interest receivable Deposits FHLB-NY advances Securities sold under agreements to repurchase Subordinated Debentures and Subordinated Notes The fair value of the Subordinated Debentures and the Subordinated Notes 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. Accrued interest payable Interest rate swap Commitments to extend credit Limitations The preceding fair value estimates were made at December 31, 2015 and 2014 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, 2015 and 2014, 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
PARENT COMPANY ONLY	Dec. 31, 2015
PARENT COMPANY ONLY [Abstract]
PARENT COMPANY ONLY	Note 18 . PARENT COMPANY ONLY The Corporation was formed in January 1995 as a bank holding company to operate its wholly-owned subsidiary, Atlantic Stewardship 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, 2015 2014 Assets Cash and due from banks $ 1,322,000 $ 253,000 Securities available-for-sale 997,000 989,000 Investment in subsidiary 67,830,000 64,388,000 Accrued interest receivable 2,000 2,000 Other assets 1,076,000 964,000 Total assets $ 71,227,000 $ 66,596,000 Liabilities and Shareholders' equity Subordinated Debentures $ 7,217,000 $ 7,217,000 Subordinated Notes 15,969,000 Other liabilities 468,000 410,000 Shareholders' equity 47,573,000 58,969,000 Total liabilities and Shareholders' equity $ 71,227,000 $ 66,596,000 Condensed Statements of Income Years Ended December 31, 2015 2014 Interest income - securities available-for-sale $ 15,000 $ 15,000 Dividend income 1,713,000 1,610,000 Other income 7,000 7,000 Total income 1,735,000 1,632,000 Interest expense 908,000 504,000 Other expenses 318,000 306,000 Total expenses 1,226,000 810,000 Income before income tax benefit 509,000 822,000 Tax benefit (408,000 ) (266,000 ) Income before equity in undistributed earnings of subsidiary 917,000 1,088,000 Equity in undistributed earnings of subsidiary 3,283,000 1,997,000 Net income 4,200,000 3,085,000 Dividends on preferred stock and accretion 456,000 683,000 Net income available to common shareholders $ 3,744,000 $ 2,402,000 Condensed Statements of Cash Flows Years Ended December 31, 2015 2014 Cash flows from operating activities: Net income $ 4,200,000 $ 3,085,000 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiary (3,283,000 ) (1,997,000 ) Amortization of Subordinated Notes issuance cost 21,000 Increase in other assets (114,000 ) (276,000 ) Increase in other liabilities 209,000 7,000 Net cash provided by operating activities 1,033,000 819,000 Cash flows from financing activities: Cash dividends paid on common stock (486,000 ) (300,000 ) Cash dividends paid on preferred stock (456,000 ) (683,000 ) Redemption of SBLF (15,000,000 ) Payment of discount on dividend reinvestment plan (3,000 ) (2,000 ) Restricted stock-forfeited (109,000 ) Proceeds from issuance of Subordinated Notes 15,948,000 Issuance of common stock 142,000 188,000 Net cash provided by (used in) financing activities 36,000 (797,000 ) Net decrease in cash and cash equivalents 1,069,000 22,000 Cash and cash equivalents - beginning 253,000 231,000 Cash and cash equivalents - ending $ 1,322,000 $ 253,000

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME	12 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME	Dec. 31, 2015
ACCUMULATED OTHER COMPREHENSIVE INCOME [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME	Note 19 . A CCUMULATED O THER C OMPREHENSIVE I NCOME The components of comprehensive income, both gross and net of tax, are presented for the periods below: Year Ended December 31, 2015 December 31, 2014 Tax Tax Gross Effect Net Gross Effect Net Net income $ 6,472,000 $ (2,272,000 ) $ 4,200,000 $ 4,504,000 $ (1,419,000 ) $ 3,085,000 Other comprehensive income: Change in unrealized holding gains (losses) on securities available-for-sale (194,000) 78,000 (116,000) 5,162,000 (2,000,000) 3,162,000 Reclassification adjustment for gains in net income (169,000 ) 67,000 (102,000 ) (165,000 ) 66,000 (99,000 ) Loss on securities reclassifed from available-for-sale to held to maturity (742,000) 285,000 (457,000) Accretion of loss on securities reclassified to held to maturity 290,000 (111,000 ) 179,000 130,000 (50,000) 80,000 Change in fair value of interest rate swap 251,000 (100,000 ) 151,000 246,000 (99,000 ) 147,000 Total other comprehensive income 178,000 (66,000 ) 112,000 4,631,000 (1,798,000) 2,833,000 Total comprehensive income $ 6,650,000 $ (2,338,000 ) $ 4,312,000 $ 9,135,000 $ (3,217,000) $ 5,918,000 The following table presents the after-tax changes in the balances of each component of accumulated other comprehensive income for the years ended December 31, 2015 and 2014. Year Ended December 31, 2015 Components of Accumulated Other Comprehensive Income Total Unrealized Gains Loss on securities Unrealized Accumulated and (Losses) on reclassifed from Gains and Other Available-for-Sale available for sale (Losses) on Comprehensive (AFS) Securities to held to maturity Derivatives Income (Loss) Balance at December 31, 2014 $ (392,000 ) $ (377,000) $ (188,000 ) $ (957,000 ) Other comprehensive income (loss) before reclassifications (116,000 ) 179,000 151,000 214,000 Amounts reclassified from other comprehensive income (102,000 ) (102,000 ) Other comprehensive income, net (218,000 ) 179,000 151,000 112,000 Balance at December 31, 2015 $ (610,000 ) $ (198,000 ) $ (37,000 ) $ (845,000 ) Year Ended December 31, 2014 Components of Accumulated Other Comprehensive Income Total Unrealized Gains Loss on securities Unrealized Accumulated and (Losses) on reclassifed from Gains and Other Available-for-Sale available for sale (Losses) on Comprehensive (AFS) Securities to held to maturity Derivatives Income (Loss) Balance at December 31, 2013 $ (3,455,000) $ $ (335,000 ) $ (3,790,000) Other comprehensive income (loss) before reclassifications 3,162,000 (377,000) 147,000 2,932,000 Amounts reclassified from other comprehensive income (99,000 ) (99,000 ) Other comprehensive income, net 3,063,000 (377,000 ) 147,000 2,833,000 Balance at December 31, 2014 $ (392,000 ) $ (377,000) $ (188,000 ) $ (957,000 ) 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, 2015 and 2014. Years Ended Components of Accumulated Other December 31, Income Statement Comprehensive Income (Loss) 2015 2014 Line Item Unrealized gains on AFS securities before tax $ 169,000 $ 165,000 Gains on securities transactions, net Tax effect (67,000 ) (66,000 ) Total, net of tax 102,000 99,000 Total reclassifications, net of tax $ 102,000 $ 99,000

QUARTERLY FINANCIAL DATA (Unaud

QUARTERLY FINANCIAL DATA (Unaudited)	12 Months Ended
QUARTERLY FINANCIAL DATA (Unaudited)	Dec. 31, 2015
QUARTERLY FINANCIAL DATA (Unaudited) [Abstract]
QUARTERLY FINANCIAL DATA (Unaudited)	Note 20 . QUARTERLY FINANCIAL DATA (Unaudited) The following table contains quarterly financial data for the years ended December 31, 2015 and 2014 (dollars in thousands). Year Ended December 31, 2015 First Second Third Fourth Quarter Quarter Quarter Quarter Total Interest income $ 6,194 $ 6,360 $ 6,412 $ 6,643 $ 25,609 Interest expense 793 842 993 1,198 3,826 Net interest income before provision for loan losses 5,401 5,518 5,419 5,445 21,783 Provision for loan losses (100 ) (600 ) (400 ) (275 ) (1,375 ) Net interest income after provision for loan losses 5,501 6,118 5,819 5,720 23,158 Noninterest income 918 882 838 855 3,493 Noninterest expenses 5,049 5,105 5,125 4,900 20,179 Income before income tax expense 1,370 1,895 1,532 1,675 6,472 Income tax expense 453 673 532 614 2,272 Net income 917 1,222 1,000 1,061 4,200 Dividends on preferred stock 171 171 114 456 Net income available to common shareholders $ 746 $ 1,051 $ 886 $ 1,061 $ 3,744 Basic and diluted earnings per share $ 0.12 $ 0.17 $ 0.15 $ 0.17 $ 0.62 Year Ended December 31, 2014 First Second Third Fourth Quarter Quarter Quarter Quarter Total Interest income $ 6,145 $ 6,186 $ 6,069 $ 6,534 $ 24,934 Interest expense 839 810 791 767 3,207 Net interest income before provision for loan losses 5,306 5,376 5,278 5,767 21,727 Provision for loan losses 250 (300 ) (50 ) Net interest income after provision for loan losses 5,306 5,376 5,028 6,067 21,777 Noninterest income 399 807 764 990 2,960 Noninterest expenses 5,094 5,106 4,989 5,044 20,233 Income before income tax expense 611 1,077 803 2,013 4,504 Income tax expense 105 351 251 712 1,419 Net income 506 726 552 1,301 3,085 Dividends on preferred stock 171 171 170 171 683 Net income available to common shareholders $ 335 $ 555 $ 382 $ 1,130 $ 2,402 Basic and diluted earnings per share $ 0.06 $ 0.09 $ 0.06 $ 0.19 $ 0.40

SIGNIFICANT ACCOUNTING POLICI29

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 31, 2015
SIGNIFICANT ACCOUNTING POLICIES [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. 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 under 90 days 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-forsale 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 ) S tock The Bank is a member of the FHLB system. Members are required to own a certain amount of FHLB stock based on the 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	L oans 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 amortized cost. All loans are 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 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 5 years. For each portfolio segment the Bank prepares an analysis 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: 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 Real Estate Construction Residential Real Estate Consumer 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 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. 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. At December 31, 2015 the Bank could have paid dividends totaling approximately $ 6.8
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 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 derivative instrument used 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 which the hedged transactions will affect earnings.
Fair Values 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	Adopt ion of New Accounting Standards In January 2014, the Financial Accounting Standards Board (the FASB) issued Accounting Standards Update (ASU) 2014-04, Receivables Troubled Debt Restructurings by Creditors (Subtopic 310-40) Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. In April 2015, the FASB issued ASU 2015-03, Interest Imputation of Interest (Subtopic 835-30) Simplifying the Presentation of Debt Issuance Costs. To simplify presentation of debt issuance costs, the amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. In January 2016, the FASB issued ASU No. 2016-01, "Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Liabilities." In February 2016, the FASB issued ASU 2016-02, Leases (Subtopic 842).

SECURITIES - AVAILABLE-FOR-SA30

SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY (Tables)	12 Months Ended
	Dec. 31, 2015
SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY [Abstract]
Schedule of Fair Value of Securities Available For Sale and Related Gross Unrealized Gains and Losses	December 31, 2015 Amortized Gross Unrealized Fair Cost Gains Losses Value U.S. government-sponsored agencies $ 31,266,000 $ 81,000 $ 393,000 $ 30,954,000 Obligations of state and political subdivisions 1,409,000 2,000 1,000 1,410,000 Mortgage-backed securities-residential 45,520,000 213,000 496,000 45,237,000 Asset-backed securities (a) 9,877,000 176,000 9,701,000 Corporate debt 2,500,000 81,000 2,419,000 Total debt securities 90,572,000 296,000 1,147,000 89,721,000 Other equity investments 3,778,000 145,000 3,633,000 $ 94,350,000 $ 296,000 $ 1,292,000 $ 93,354,000 December 31, 2014 Amortized Gross Unrealized Fair Cost Gains Losses Value U.S. government-sponsored agencies $ 30,701,000 $ 94,000 $ 521,000 $ 30,274,000 Obligations of state and political subdivisions 1,420,000 2,000 22,000 1,400,000 Mortgage-backed securities-residential 76,894,000 521,000 672,000 76,743,000 Asset-backed securities (a) 9,874,000 57,000 16,000 9,915,000 Corporate debt 2,998,000 6,000 7,000 2,997,000 Total debt securities 121,887,000 680,000 1,238,000 121,329,000 Other equity investments 3,664,000 75,000 3,589,000 $ 125,551,000 $ 680,000 $ 1,313,000 $ 124,918,000 (a) Collateralized by student loans
Schedule of Held to Maturity Securities and Related Unrecognized Gains and Losses	December 31, 2015 Amortized Gross Unrealized Fair Cost Gains Losses Value U.S. Treasury $ 999,000 $ $ 11,000 $ 988,000 U.S. government-sponsored agencies 15,109,000 132,000 24,000 15,217,000 Obligations of state and political subdivisions 11,219,000 268,000 11,487,000 Mortgage-backed securities-residential 33,411,000 295,000 117,000 33,589,000 $ 60,738,000 $ 695,000 $ 152,000 $ 61,281,000 December 31, 2014 Amortized Gross Unrealized Fair Cost Gains Losses Value U.S. Treasury $ $ $ $ U.S. government-sponsored agencies 11,962,000 177,000 12,139,000 Obligations of state and political subdivisions 15,636,000 514,000 16,150,000 Mortgage-backed securities-residential 27,499,000 511,000 66,000 27,944,000 $ 55,097,000 $ 1,202,000 $ 66,000 $ 56,233,000
Amortized Cost and Fair Value of the Investment Securities Portfolio by Contractual Maturity.	December 31,2015 Amortized Fair Cost Value Available-for-sale Within one year $ $ After one year, but within five years 12,986,000 12,872,000 After five years, but within ten years 15,183,000 15,098,000 After ten years 7,006,000 6,813,000 Mortgage-backed securities - residential 45,520,000 45,237,000 Asset-backed securities 9,877,000 9,701,000 Total $ 90,572,000 $ 89,721,000 Held to maturity Within one year $ 2,655,000 $ 2,698,000 After one year, but within five years 11,617,000 11,845,000 After five years, but within ten years 12,108,000 12,180,000 After ten years 947,000 969,000 Mortgage-backed securities - residential 33,411,000 33,589,000 Total $ 60,738,000 $ 61,281,000
Schedule of Continuous unrealized loss position for investment securities available for sale and held to maturity	Available-for-Sale December 31, 2015 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses U.S. government- sponsored agencies $ 18,396,000 $ (183,000 ) $ 7,296,000 $ (210,000 ) $ 25,692,000 $ (393,000 ) Obligations of state and political subdivisions 984,000 (1,000 ) 984,000 (1,000 ) Mortgage-backed securities - residential 8,599,000 (69,000 ) 16,278,000 (427,000 ) 24,877,000 (496,000 ) Asset-backed securities 6,791,000 (56,000 ) 2,910,000 (120,000 ) 9,701,000 (176,000 ) Corporate debt 1,419,000 (81,000 ) 1,419,000 (81,000 ) Other equity investments 3,573,000 (145,000 ) 3,573,000 (145,000 ) Total temporarily impaired securities $ 34,770,000 $ (309,000 ) $ 31,476,000 $ (983,000 ) $ 66,246,000 $ (1,292,000 ) December 31, 2014 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses U.S. government- sponsored agencies $ $ $ 23,750,000 $ (521,000 ) $ 23,750,000 $ (521,000 ) Obligations of state and political subdivisions 992,000 (22,000 ) 992,000 (22,000 ) Mortgage-backed securities - residential 5,985,000 (22,000 ) 30,445,000 (650,000 ) 36,430,000 (672,000 ) Asset-backed securities 3,022,000 (16,000 ) 3,022,000 (16,000 ) Corporate debt 1,494,000 (7,000 ) 1,494,000 (7,000 ) Other equity investments 3,529,000 (75,000 ) 3,529,000 (75,000 ) Total temporarily impaired securities $ 9,007,000 $ (38,000 ) $ 60,210,000 $ (1,275,000 ) $ 69,217,000 $ (1,313,000 ) Held to Maturity December 31, 2015 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses U.S. Treasury $ 988,000 $ (11,000 ) $ $ $ 988,000 $ (11,000 ) U.S. government- sponsored agencies 4,955,000 (24,000 ) 4,955,000 (24,000 ) Mortgage-backed securities - residential 15,183,000 (90,000 ) 1,066,000 (27,000 ) 16,249,000 (117,000 ) Total temporarily impaired securities $ 21,126,000 $ (125,000 ) $ 1,066,000 $ (27,000 ) $ 22,192,000 $ (152,000 ) December 31, 2014 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses U.S. Treasury $ $ $ $ $ $ U.S. government- sponsored agencies Mortgage-backed securities - residential 8,788,000 (66,000 ) 8,788,000 (66,000 ) Total temporarily impaired securities $ 8,788,000 $ (66,000 ) $ $ $ 8,788,000 $ (66,000 )

LOANS AND ALLOWANCE FOR LOAN 31

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	Dec. 31, 2015
LOANS AND ALLOWANCE FOR LOAN LOSSES [Abstract]
Loan Portfolio Schedule	December 31, 2015 2014 Commercial: Secured by real estate $ 37,993,000 $ 46,545,000 Other 26,867,000 29,307,000 Commercial real estate 334,489,000 286,063,000 Commercial construction 4,609,000 4,215,000 Residential real estate 82,955,000 77,836,000 Consumer: Secured by real estate 29,224,000 27,319,000 Other 580,000 939,000 Government Guaranteed Loans - guaranteed portion 9,626,000 5,000,000 Other 134,000 96,000 Total gross loans 526,477,000 477,320,000 Less: Deferred loan costs (fees), net 98,000 19,000 Allowance for loan losses 8,823,000 9,602,000 8,921,000 9,621,000 Loans, net $ 517,556,000 $ 467,699,000
Schedule of Allowance for Loan Losses	Year Ended December 31, 2015 Balance Provision Recoveries Balance beginning of charged to Loans of loans end of period operations charged-off charged-off period Commercial $ 3,704,000 $ 129,000 $ (600,000 ) $ 465,000 $ 3,698,000 Commercial real estate 5,017,000 (508,000 ) 151,000 4,660,000 Commercial construction 150,000 (588,000 ) 552,000 114,000 Residential real estate 142,000 (59,000 ) 26,000 109,000 Consumer 189,000 (75,000 ) 4,000 118,000 Other 2,000 3,000 (2,000 ) 3,000 Unallocated 398,000 (277,000 ) 121,000 Balance, ending $ 9,602,000 $ (1,375,000 ) $ (602,000 ) $ 1,198,000 $ 8,823,000 Year Ended December 31, 2014 Balance Provision Recoveries Balance beginning of charged to Loans of loans end of period operations charged-off charged-off period Commercial $ 3,373,000 $ 377,000 $ (262,000 ) $ 216,000 $ 3,704,000 Commercial real estate 5,665,000 (396,000 ) (1,110,000 ) 858,000 5,017,000 Commercial construction 117,000 (15,000 ) 48,000 150,000 Residential real estate 460,000 (311,000 ) (7,000 ) 142,000 Consumer 288,000 (93,000 ) (6,000 ) 189,000 Other 3,000 (1,000 ) 2,000 Unallocated 9,000 388,000 1,000 398,000 Balance, ending $ 9,915,000 $ (50,000 ) $ (1,385,000 ) $ 1,122,000 $ 9,602,000 December 31, 2015 Commercial Commercial Residential Gov't Other Commercial Real Estate Construction Real Estate Consumer Guarnatee Loans Unallocated Total Allowance for loan losses: Ending Allowance balance attributable to loans Individually evaluated for impairment $ 81,000 $ 638,000 $ $ $ $ $ $ $ 719,000 Collectively evaluated for impairment 3,617,000 4,022,000 114,000 109,000 118,000 3,000 121,000 8,104,000 Total ending allowance balance $ 3,698,000 $ 4,660,000 $ 114,000 $ 109,000 $ 118,000 $ $ 3,000 $ 121,000 $ 8,823,000 Loans: Loans individually evaluated for impairment $ 3,348,000 $ 8,113,000 $ $ $ 84,000 $ $ $ $ 11,545,000 Loans collectively evaluated for impairment 61,512,000 326,376,000 4,609,000 82,955,000 29,720,000 9,626,000 134,000 514,932,000 Total ending Loan balance $ 64,860,000 $ 334,489,000 $ 4,609,000 $ 82,955,000 $ 29,804,000 $ 9,626,000 $ 134,000 $ $ 526,477,000 December 31, 2014 Commercial Commercial Residential Government Other Commercial Real Estate Construction Real Estate Consumer Guaranteed Loans Unallocated Total Allowance for loan losses: Ending Allowance balance attributable to loans Individually evaluated for impairment $ 223,000 $ 697,000 $ $ $ $ $ $ $ 920,000 Collectively evaluated for impairment 3,481,000 4,320,000 150,000 142,000 189,000 2,000 398,000 8,682,000 Total ending allowance balance $ 3,704,000 $ 5,017,000 $ 150,000 $ 142,000 $ 189,000 $ $ 2,000 $ 398,000 $ 9,602,000 Loans: Loans individually evaluated for impairment $ 6,042,000 $ 8,913,000 $ 288,000 $ 96,000 $ 326,000 $ $ $ $ 15,665,000 Loans collectively evaluated for impairment 69,810,000 277,150,000 3,927,000 77,740,000 27,932,000 5,000,000 96,000 461,655,000 Total ending Loan balance $ 75,852,000 $ 286,063,000 $ 4,215,000 $ 77,836,000 $ 28,258,000 $ 5,000,000 $ 96,000 $ $ 477,320,000
Schedule of Recorded Investment in Nonaccrual Loans	December 31, 2015 2014 Commercial: Secured by real estate $ 1,300,000 $ 1,923,000 Other 14,000 Commercial real estate 484,000 1,284,000 Residential real estate 96,000 Consumer: Secured by real estate 84,000 325,000 Total nonaccrual loans $ 1,882,000 $ 3,628,000
Schedule of Recorded Investments in Impaired Loans	At And For The Year Ended December 31, 2015 Allowance Unpaid for Loan Average Interest Principal Recorded Losses Recorded Income Balance Investment Allocated Investment Recognized With no related allowance recorded: Commercial: Secured by real estate $ 3,244,000 $ 2,729,000 $ 3,683,000 $ 156,000 Other 137,000 137,000 61,000 2,000 Commercial real estate 3,245,000 2,885,000 2,890,000 121,000 Commercial construction 215,000 Residential real estate 74,000 Consumer: Secured by real estate 84,000 84,000 226,000 With an allowance recorded: Commercial: Secured by real estate 390,000 308,000 $ 80,000 405,000 14,000 Other 174,000 174,000 1,000 463,000 31,000 Commercial real estate 5,228,000 5,228,000 638,000 5,534,000 211,000 Total impaired loans $ 12,502,000 $ 11,545,000 $ 719,000 $ 13,551,000 $ 535,000 At And For The Year Ended December 31, 2014 Allowance Unpaid for Loan Average Interest Principal Recorded Losses Recorded Income Balance Investment Allocated Investment Recognized With no related allowance recorded: Commercial: Secured by real estate $ 5,997,000 $ 4,838,000 $ 5,443,000 $ 225,000 Other 66,000 58,000 65,000 3,000 Commercial real estate 4,609,000 3,279,000 6,755,000 155,000 Commercial construction 652,000 288,000 517,000 71,000 Residential real estate 132,000 96,000 526,000 Consumer: Secured by real estate 333,000 326,000 506,000 With an allowance recorded: Commercial: Secured by real estate 458,000 436,000 $ 213,000 437,000 16,000 Other 713,000 710,000 10,000 750,000 44,000 Commercial real estate 5,643,000 5,634,000 697,000 3,922,000 233,000 Commercial construction 420,000 Total impaired loans $ 18,603,000 $ 15,665,000 $ 920,000 $ 19,341,000 $ 747,000
Schedule of Aging of the Recorded Investment in Past Due Loans by Class of Loans	December 31, 2015 Greater than 30-59 Days 60-89 Days 90 Days Total Past Loans Not Past Due Past Due Past Due Due Past Due Total Commercial: Secured by real estate $ $ $ 1,011,000 $ 1,011,000 $ 36,982,000 $ 37,993,000 Other 26,867,000 26,867,000 Commercial real estate 271,000 271,000 334,218,000 334,489,000 Commercial construction 4,609,000 4,609,000 Residential real estate 82,955,000 82,955,000 Consumer: Secured by real estate 112,000 41,000 153,000 29,071,000 29,224,000 Other 580,000 580,000 Government guarantee 9,626,000 9,626,000 Other 134,000 134,000 Total $ 383,000 $ $ 1,052,000 $ 1,435,000 $ 525,042,000 $ 526,477,000 December 31, 2014 Greater than 30-59 Days 60-89 Days 90 Days Total Past Loans Not Past Due Past Due Past Due Due Past Due Total Commercial: Secured by real estate $ 546,000 $ $ 1,508,000 $ 2,054,000 $ 44,491,000 $ 46,545,000 Other 225,000 225,000 29,082,000 29,307,000 Commercial real estate 330,000 836,000 1,166,000 284,897,000 286,063,000 Commercial construction 4,215,000 4,215,000 Residential real estate 77,836,000 77,836,000 Consumer: Secured by real estate 249,000 249,000 27,070,000 27,319,000 Other 939,000 939,000 SBA 5,000,000 5,000,000 Other 96,000 96,000 Total $ 771,000 $ 330,000 $ 2,593,000 $ 3,694,000 $ 473,626,000 $ 477,320,000
Schedule of Troubled Debt Restructurings	December 31, 2014 Pre- Post- Number Modification Modification of Recorded Recorded Loans Investment Investment Commercial: Secured by real estate 2 $ 252,000 $ 252,000 Commercial real estate 1 111,000 111,000 Total 3 $ 363,000 $ 363,000
Schedule of Loans by Credit Quality Indicators	December 31, 2015 Special Pass Mention Substandard Doubtful Loss Total Commercial: Secured by real estate $ 35,263,000 $ 1,431,000 $ 1,299,000 $ $ $ 37,993,000 Other 25,725,000 745,000 397,000 26,867,000 Commercial real estate 326,737,000 4,034,000 3,718,000 334,489,000 Commercial construction 4,609,000 4,609,000 Total $ 392,334,000 $ 6,210,000 $ 5,414,000 $ $ $ 403,958,000 December 31, 2014 Special Pass Mention Substandard Doubtful Loss Total Commercial: Secured by real estate $ 41,091,000 $ 3,531,000 $ 1,923,000 $ $ $ 46,545,000 Other 27,903,000 616,000 788,000 29,307,000 Commercial real estate 274,788,000 5,521,000 5,754,000 286,063,000 Commercial construction 2,709,000 1,506,000 4,215,000 Total $ 346,491,000 $ 11,174,000 $ 8,465,000 $ $ $ 366,130,000
Schedule of Recorded Investment in Residential Real Estate and Consumer Loans Based on Payment Activity	December 31, 2015 Past Due and Current Nonaccrual Total Residential real estate $ 82,415,000 $ 540,000 $ 82,955,000 Consumer: Secured by real estate 27,730,000 1,494,000 29,224,000 Other 578,000 2,000 580,000 Total $ 110,723,000 $ 2,036,000 $ 112,759,000 December 31, 2014 Past Due and Current Nonaccrual Total Residential real estate $ 77,740,000 $ 96,000 $ 77,836,000 Consumer: Secured by real estate 25,867,000 1,452,000 27,319,000 Other 930,000 9,000 939,000 Total $ 104,537,000 $ 1,557,000 $ 106,094,000

PREMISES AND EQUIPMENT, NET (Ta

PREMISES AND EQUIPMENT, NET (Tables)	12 Months Ended
PREMISES AND EQUIPMENT, NET (Tables)	Dec. 31, 2015
PREMISES AND EQUIPMENT, NET [Abstract]
Schedule of Premises and Equipment	Years Ended December 31, 2015 2014 Land $ 3,240,000 $ 3,219,000 Buildings and improvements 4,498,000 4,082,000 Leasehold improvements 2,077,000 2,246,000 Furniture, fixtures, and equipment 1,078,000 2,401,000 10,893,000 11,948,000 Less: accumulated depreciation and amortization 4,094,000 5,371,000 Total premises & equipment, net $ 6,799,000 $ 6,577,000

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	12 Months Ended
OTHER REAL ESTATE OWNED (Tables)	Dec. 31, 2015
OTHER REAL ESTATE OWNED [Abstract]
Schedule of Other Real Estate Owned	Years Ended December 31, 2015 2014 Aquired by foreclosure or deed in lieu of foreclosure $ 880,000 $ 1,375,000 Allowance for losses on other real estate owned (67,000 ) Other real estate, net $ 880,000 $ 1,308,000
Schedule of Activity in Allowance for Losses on Other Real Estate Owned	Years Ended December 31, 2015 2014 Beginning of year $ 67,000 $ 29,000 Additions charged to expense 218,000 235,000 Reductions from sales of other real estate owned (285,000 ) (197,000 ) End of year $ $ 67,000
Schedule of Expenses Realted to Other Real Estate Owned	Years Ended December 31, 2015 2014 Provision for unrealized losses $ 218,000 $ 235,000 Operating expenses, net of rental income 80,000 195,000 End of year $ 298,000 $ 430,000

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
DEPOSITS (Tables)	Dec. 31, 2015
DEPOSITS [Abstract]
Schedule of Deposit Liabilities	December 31, 2015 2014 Noninterest-bearing demand $ 147,828,000 $ 136,721,000 Interest-bearing checking accounts 182,310,000 168,319,000 Money market accounts 46,427,000 41,906,000 Total interest-bearing demand 228,737,000 210,225,000 Statement savings and clubs 74,384,000 71,202,000 Business savings 7,452,000 5,220,000 Total savings 81,836,000 76,422,000 IRA investment and variable rate savings 28,731,000 28,765,000 Brokered certificates 7,779,000 10,496,000 Money market certificates 109,842,000 93,847,000 Total certificates of deposit 146,352,000 133,108,000 Total interest-bearing deposits 456,925,000 419,755,000 Total deposits $ 604,753,000 $ 556,476,000
Schedule of Maturities of Time Deposits	December 31, 2016 61,178,000 2017 41,882,000 2018 18,928,000 2019 14,648,000 2020 9,716,000 $ 146,352,000

BORROWINGS (Tables)

BORROWINGS (Tables)	12 Months Ended
BORROWINGS (Tables)	Dec. 31, 2015
BORROWINGS [Abstract]
Schedule of Maturities of FHLB Advances	December 31, 2015 December 31, 2014 Weighted Weighted Average Average Advances maturing Amount Rate Amount Rate Within one year $ 10,000,000 1.64 $ 26,700,000 2.10 After one year, but within two years 15,000,000 3.74 10,000,000 1.64 After two years, but within three years 15,000,000 3.35 15,000,000 3.74 After three years, but within four years % 15,000,000 3.35 After four years, but within five years $ 40,000,000 3.07 $ 66,700,000 2.68
Schedule of Securities Sold under Agreements to Repurchase	December 31, 2015 2014 Balance $ $ Weighted average interest rate at year end 0.00 % 0.00 % Maximum amount outstanding at any month end during the year $ $ 7,601,000 Average amount outstanding during the year $ $ 5,255,000 Average interest rate during the year 0.00 % 4.83 %

SUBORDINATED DEBENTURES AND S36

SUBORDINATED DEBENTURES AND SUBORDINATED NOTES (Tables)	12 Months Ended
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES (Tables)	Dec. 31, 2015
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES [Abstract]
Schedule of subordinated debt	Carrying Amount December 31, Issue Maturity Rate 2015 2014 9/17/2003 9/17/2033 Fixed / Floating Rate Junior Subordinated Debentures $ 7,217,000 $ 7,217,000 8/28/2015 8/25/2025 Fixed Rate Subordinated Notes 15,969,000 $ 23,186,000 $ 7,217,000

REGULATORY CAPITAL REQUIREMEN37

REGULATORY CAPITAL REQUIREMENTS (Tables)	12 Months Ended
REGULATORY CAPITAL REQUIREMENTS (Tables)	Dec. 31, 2015
REGULATORY CAPITAL REQUIREMENTS [Abstract]
Schedule of Regulatory Capital Requirements	To Be Well Capitalized Required for Capital Under Prompt Corrective Actual Adequacy Purposes Action Regulations Amount Ratio Amount Ratio Amount Ratio December 31, 2015 Tier 1 Leverage ratio Consolidated $ 55,331,000 7.67 $ 28,842,000 4.00 N/A N/A Bank 68,118,000 9.47 28,762,000 4.00 $ 35,953,000 5.00 % Risk-based capital: Common Equity Tier 1 Consolidated N/A N/A N/A N/A N/A N/A Bank 68,118,000 12.41 24,698,000 4.50 35,675,000 6.50 % Tier 1 Consolidated 55,331,000 10.16 21,791,000 4.00 N/A N/A Bank 68,118,000 12.41 32,930,000 6.00 43,907,000 8.00 % Total Consolidated 78,135,000 14.34 43,583,000 8.00 N/A N/A Bank 75,006,000 13.67 43,907,000 8.00 54,884,000 10.00 % December 31, 2014 Tier 1 Leverage ratio Consolidated $ 64,399,000 9.45 $ 27,265,000 4.00 N/A N/A Bank 62,622,000 9.20 27,214,000 4.00 $ 34,018,000 5.00 % Risk-based capital: Tier 1 Consolidated 64,399,000 13.04 19,751,000 4.00 N/A N/A Bank 62,622,000 12.69 19,740,000 4.00 29,609,000 6.00 % Total Consolidated 70,614,000 14.30 39,502,000 8.00 N/A N/A Bank 68,833,000 13.95 39,479,000 8.00 49,349,000 10.00 %

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
STOCK-BASED COMPENSATION (Tables)	Dec. 31, 2015
STOCK-BASED COMPENSATION [Abstract]
Schedule of changes in nonvested restricted shares	2015 2014 Weighted Average Weighted Average Number of Grant Date Number of Grant Date Shares Fair Value Shares Fair Value Balance January 1 49,661 $ 5.01 $ Granted 50,974 5.47 49,661 5.01 Vested (16,065) 5.01 Forfeited (19,600) 5.26 Balance December 31 64,970 $ 5.29 49,661 $ 5.01

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	12 Months Ended
EARNINGS PER COMMON SHARE (Tables)	Dec. 31, 2015
EARNINGS PER COMMON SHARE [Abstract]
Schedule of Earnings Per Common Share	Years Ended December 31, 2015 2014 Net Income $ 4,200,000 $ 3,085,000 Dividends on preferred stock and accretion 456,000 683,000 Net income available to common shareholders $ 3,744,000 $ 2,402,000 Weighted-average common shares outstanding - basic 6,077,657 6,003,814 Effect of dilutive securities - stock options N/A N/A Weighted average common shares outstanding - diluted 6,077,657 6,003,814 Basic earnings per common share $ 0.62 $ 0.40 Diluted earnings per common share $ 0.62 $ 0.40

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2015
INCOME TAXES [Abstract]
Schedule of Components of Income Tax Benefit	Years Ended December 31, 2015 2014 Current tax expense (benefit) Federal $ 1,278,000 $ 634,000 State 477,000 159,000 1,755,000 793,000 Deferred tax expense (benefit) Federal 459,000 392,000 State 134,000 273,000 Valuation allowance (76,000 ) (39,000 ) 517,000 626,000 $ 2,272,000 $ 1,419,000
Schedule of Effective Income Tax Rate Reconciliation	Years Ended December 31, 2015 2014 Federal income tax $ 2,200,000 $ 1,531,000 Add (deduct) effect of: State income taxes, net of federal income tax effect 443,000 246,000 Nontaxable interest income (194,000 ) (255,000 ) Bank owned life insurance (141,000 ) (141,000 ) Nondeductible expenses 14,000 10,000 Change in valuation reserve (50,000 ) Other items, net 28,000 Effective federal income taxes $ 2,272,000 $ 1,419,000
Schedule of Deferred Tax Assets and Liabilities	December 31, 2015 2014 Deferred tax assets: Allowance for loan losses $ 3,524,000 $ 3,835,000 Accrued compensation 124,000 159,000 Nonaccrual loan interest 302,000 453,000 Depreciation 379,000 382,000 Contribution carry forward 105,000 146,000 Restricted stock 42,000 28,000 OREO reserve 27,000 Accrued contributions 82,000 21,000 State net operating loss carry forward 23,000 Unrealized loss on fair value of interest rate swap 25,000 125,000 Unrealized loss on securities available-for-sale 385,000 477,000 Alternate minimum tax 347,000 425,000 5,315,000 6,101,000 Valuation reserve (87,000 ) (163,000 ) 5,228,000 5,938,000 Deferred tax liabilities Other 4,000 4,000 4,000 4,000 Net deferred tax assets $ 5,224,000 $ 5,934,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Dec. 31, 2015
COMMITMENTS AND CONTINGENCIES [Abstract]
Schedule of Future Minimum Payments on Operating Leases	Year Ended Minimum December 31, Rent 2016 $ 677,000 2017 648,000 2018 584,000 2019 513,000 2020 418,000 Thereafter 1,342,000 $ 4,182,000

INTEREST RATE SWAP (Tables)

INTEREST RATE SWAP (Tables)	12 Months Ended
INTEREST RATE SWAP (Tables)	Dec. 31, 2015
INTEREST RATE SWAP [Abstract]
Schedule of Derivative Summary Information	Notional amount $ 7,000,000 Pay rate 7.00 Receive rate 3 month LIBOR 2.95 Maturity March 17, 2016 Unrealized loss ($ 62,000)
Schedule of Derivatives recorded in accumulated comprehensive income	Year Ended December 31, 2015 Amount of gain Amount of gain (loss) Amount of gain (loss) reclassified recognized in other recognized in OCI from OCI to interest noninterest income (Effective Portion) income (Ineffective Portion) Interest rate contract $ 151,000 $ $ Year Ended December 31, 2014 Amount of gain Amount of gain (loss) Amount of gain (loss) reclassified recognized in other recognized in OCI from OCI to interest noninterest income (Effective Portion) income (Ineffective Portion) Interest rate contract $ 147,000 $ $

FAIR VALUE OF FINANCIAL INSTR43

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	Dec. 31, 2015
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	Fair Value Measurements Using Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Carrying Value (Level 1) (Level 2) (Level 3) December 31, 2015 Assets: Available-for-sale securities U.S. government - sponsored agencies $ 30,954,000 $ $ 30,954,000 $ Obligations of state and political subdivisions 1,410,000 1,410,000 Mortgage-backed securities - residential 45,237,000 45,237,000 Asset-backed securities 9,701,000 9,701,000 Corporate bonds 2,419,000 2,419,000 Other equity investments 3,633,000 3,573,000 60,000 Total available-for-sale securities $ 93,354,000 $ 3,573,000 $ 89,781,000 $ Liabilities: Interest rate swap $ 62,000 $ $ 62,000 $ December 31, 2014 Assets: Available-for-sale securities U.S. government - sponsored agencies $ 30,274,000 $ $ 30,274,000 $ Obligations of state and political subdivisions 1,400,000 1,400,000 Mortgage-backed securities - residential 76,743,000 76,743,000 Asset-backed securities 9,915,000 9,915,000 Corporate bonds 2,997,000 2,997,000 Other equity investments 3,589,000 3,529,000 60,000 Total available-for-sale securities $ 124,918,000 $ 3,529,000 $ 121,389,000 $ Liabilities: Interest rate swap $ 314,000 $ $ 314,000 $
Schedule of Assets and Liabilities Measured at Fair Value on Non-recurring Basis	Fair Value Measurements Using Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Carrying Value (Level 1) (Level 2) (Level 3) December 31, 2015 Assets: Impaired loans Commercial: Secured by real estate $ 367,000 $ $ $ 367,000 Consumer: Secured by real estate 84,000 84,000 Other real estate owned 880,000 880,000 $ 1,331,000 $ $ $ 1,331,000 December 31, 2014 Assets: Impaired loans Commercial: Secured by real estate $ 1,348,000 $ $ $ 1,348,000 Commercial real estate 205,000 205,000 Consumer: Secured by real estate 49,000 49,000 Other real estate owned 1,117,000 1,117,000 $ 2,719,000 $ $ $ 2,719,000
Schedule of Fair Value Assumptions for Level 3 Asset Measurements	December 31, 2015 Assets Fair Value Valuation Technique Unobservable Inputs Range Impaired loans $ 451,000 Comparable real estate sales and / or the income Adjustments for differences between comparable 5 9 Estimated selling costs. 7% Other real estate owned $ 990,000 Comparable real estate sales and / or the income approach. Adjustments for differences between comparable sales and income data available. 0 Estimated selling costs. 7% December 31, 2014 Assets Fair Value Valuation Technique Unobservable Inputs Range Impaired loans $ 1,602,000 Comparable real estate sales and / or the income Adjustments for differences between comparable 5 25 Estimated selling costs. 7% Other real estate owned $ 1,117,000 Comparable real estate sales and / or the income approach. Adjustments for differences between comparable sales and income data available. 0 62 Estimated selling costs. 7%
Schedule of Fair Value Estimates for the Financial Instruments	Fair Value Measurements Using Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Carrying Value (Level 1) (Level 2) (Level 3) December 31, 2015 Financial assets: Cash and cash equivalents $ 10,910,000 $ 10,910,000 $ $ Securities available-for-sale 93,354,000 3,573,000 89,781,000 Securities held to maturity 60,738,000 61,281,000 FHLB-NY stock 2,608,000 N/A N/A N/A Mortgage loans held for sale 1,522,000 1,522,000 Loans, net 517,556,000 527,479,000 Accrued interest receivable 1,967,000 1,000 535,000 1,432,000 Financial liabilities: Deposits 604,753,000 459,327,000 145,560,000 FHLB-NY advances 40,000,000 40,222,000 Subordinated Debentures and Subordinated Notes 23,186,000 23,206,000 Accrued interest payable 791,000 1,000 387,000 403,000 Interest rate swap 62,000 62,000 Fair Value Measurements Using Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Carrying Value (Level 1) (Level 2) (Level 3) December 31, 2014 Financial assets: Cash and cash equivalents $ 10,086,000 $ 10,086,000 $ $ Securities available-for-sale 124,918,000 3,529,000 121,389,000 Securities held to maturity 55,097,000 56,233,000 FHLB-NY stock 3,777,000 N/A N/A N/A Loans, net 467,699,000 478,451,000 Accrued interest receivable 1,994,000 646,000 1,348,000 Financial liabilities: Deposits 556,476,000 424,117,000 132,513,000 FHLB-NY advances 66,700,000 67,087,000 Subordinated Debentures 7,217,000 7,203,000 Accrued interest payable 308,000 1,000 288,000 19,000 Interest rate swap 314,000 314,000

PARENT COMPANY ONLY (Tables)

PARENT COMPANY ONLY (Tables)	12 Months Ended
PARENT COMPANY ONLY (Tables)	Dec. 31, 2015
PARENT COMPANY ONLY [Abstract]
Condensed Statements of Condition	December 31, 2015 2014 Assets Cash and due from banks $ 1,322,000 $ 253,000 Securities available-for-sale 997,000 989,000 Investment in subsidiary 67,830,000 64,388,000 Accrued interest receivable 2,000 2,000 Other assets 1,076,000 964,000 Total assets $ 71,227,000 $ 66,596,000 Liabilities and Shareholders' equity Subordinated Debentures $ 7,217,000 $ 7,217,000 Subordinated Notes 15,969,000 Other liabilities 468,000 410,000 Shareholders' equity 47,573,000 58,969,000 Total liabilities and Shareholders' equity $ 71,227,000 $ 66,596,000
Condensed Statements of Income	Years Ended December 31, 2015 2014 Interest income - securities available-for-sale $ 15,000 $ 15,000 Dividend income 1,713,000 1,610,000 Other income 7,000 7,000 Total income 1,735,000 1,632,000 Interest expense 908,000 504,000 Other expenses 318,000 306,000 Total expenses 1,226,000 810,000 Income before income tax benefit 509,000 822,000 Tax benefit (408,000 ) (266,000 ) Income before equity in undistributed earnings of subsidiary 917,000 1,088,000 Equity in undistributed earnings of subsidiary 3,283,000 1,997,000 Net income 4,200,000 3,085,000 Dividends on preferred stock and accretion 456,000 683,000 Net income available to common shareholders $ 3,744,000 $ 2,402,000
Condensed Statements of Cash Flows	Years Ended December 31, 2015 2014 Cash flows from operating activities: Net income $ 4,200,000 $ 3,085,000 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiary (3,283,000 ) (1,997,000 ) Amortization of Subordinated Notes issuance cost 21,000 Increase in other assets (114,000 ) (276,000 ) Increase in other liabilities 209,000 7,000 Net cash provided by operating activities 1,033,000 819,000 Cash flows from financing activities: Cash dividends paid on common stock (486,000 ) (300,000 ) Cash dividends paid on preferred stock (456,000 ) (683,000 ) Redemption of SBLF (15,000,000 ) Payment of discount on dividend reinvestment plan (3,000 ) (2,000 ) Restricted stock-forfeited (109,000 ) Proceeds from issuance of Subordinated Notes 15,948,000 Issuance of common stock 142,000 188,000 Net cash provided by (used in) financing activities 36,000 (797,000 ) Net decrease in cash and cash equivalents 1,069,000 22,000 Cash and cash equivalents - beginning 253,000 231,000 Cash and cash equivalents - ending $ 1,322,000 $ 253,000

ACCUMULATED OTHER COMPREHENSI45

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	Dec. 31, 2015
ACCUMULATED OTHER COMPREHENSIVE INCOME [Abstract]
Schedule of components of comprehensive income	Year Ended December 31, 2015 December 31, 2014 Tax Tax Gross Effect Net Gross Effect Net Net income $ 6,472,000 $ (2,272,000 ) $ 4,200,000 $ 4,504,000 $ (1,419,000 ) $ 3,085,000 Other comprehensive income: Change in unrealized holding gains (losses) on securities available-for-sale (194,000) 78,000 (116,000) 5,162,000 (2,000,000) 3,162,000 Reclassification adjustment for gains in net income (169,000 ) 67,000 (102,000 ) (165,000 ) 66,000 (99,000 ) Loss on securities reclassifed from available-for-sale to held to maturity (742,000) 285,000 (457,000) Accretion of loss on securities reclassified to held to maturity 290,000 (111,000 ) 179,000 130,000 (50,000) 80,000 Change in fair value of interest rate swap 251,000 (100,000 ) 151,000 246,000 (99,000 ) 147,000 Total other comprehensive income 178,000 (66,000 ) 112,000 4,631,000 (1,798,000) 2,833,000 Total comprehensive income $ 6,650,000 $ (2,338,000 ) $ 4,312,000 $ 9,135,000 $ (3,217,000) $ 5,918,000
Schedule of Components of Accumulated Other Comprehensive Income	Year Ended December 31, 2015 Components of Accumulated Other Comprehensive Income Total Unrealized Gains Loss on securities Unrealized Accumulated and (Losses) on reclassifed from Gains and Other Available-for-Sale available for sale (Losses) on Comprehensive (AFS) Securities to held to maturity Derivatives Income (Loss) Balance at December 31, 2014 $ (392,000 ) $ (377,000) $ (188,000 ) $ (957,000 ) Other comprehensive income (loss) before reclassifications (116,000 ) 179,000 151,000 214,000 Amounts reclassified from other comprehensive income (102,000 ) (102,000 ) Other comprehensive income, net (218,000 ) 179,000 151,000 112,000 Balance at December 31, 2015 $ (610,000 ) $ (198,000 ) $ (37,000 ) $ (845,000 ) Year Ended December 31, 2014 Components of Accumulated Other Comprehensive Income Total Unrealized Gains Loss on securities Unrealized Accumulated and (Losses) on reclassifed from Gains and Other Available-for-Sale available for sale (Losses) on Comprehensive (AFS) Securities to held to maturity Derivatives Income (Loss) Balance at December 31, 2013 $ (3,455,000) $ $ (335,000 ) $ (3,790,000) Other comprehensive income (loss) before reclassifications 3,162,000 (377,000) 147,000 2,932,000 Amounts reclassified from other comprehensive income (99,000 ) (99,000 ) Other comprehensive income, net 3,063,000 (377,000 ) 147,000 2,833,000 Balance at December 31, 2014 $ (392,000 ) $ (377,000) $ (188,000 ) $ (957,000 )
Schedule of Amount Reclassified from each Component of Accumulated Other Comprehensive Income	Years Ended Components of Accumulated Other December 31, Income Statement Comprehensive Income (Loss) 2015 2014 Line Item Unrealized gains on AFS securities before tax $ 169,000 $ 165,000 Gains on securities transactions, net Tax effect (67,000 ) (66,000 ) Total, net of tax 102,000 99,000 Total reclassifications, net of tax $ 102,000 $ 99,000

QUARTERLY FINANCIAL DATA (Table

QUARTERLY FINANCIAL DATA (Tables)	12 Months Ended
QUARTERLY FINANCIAL DATA (Tables)	Dec. 31, 2015
QUARTERLY FINANCIAL DATA (Unaudited) [Abstract]
Schedule of Quarterly Financial Data	Year Ended December 31, 2015 First Second Third Fourth Quarter Quarter Quarter Quarter Total Interest income $ 6,194 $ 6,360 $ 6,412 $ 6,643 $ 25,609 Interest expense 793 842 993 1,198 3,826 Net interest income before provision for loan losses 5,401 5,518 5,419 5,445 21,783 Provision for loan losses (100 ) (600 ) (400 ) (275 ) (1,375 ) Net interest income after provision for loan losses 5,501 6,118 5,819 5,720 23,158 Noninterest income 918 882 838 855 3,493 Noninterest expenses 5,049 5,105 5,125 4,900 20,179 Income before income tax expense 1,370 1,895 1,532 1,675 6,472 Income tax expense 453 673 532 614 2,272 Net income 917 1,222 1,000 1,061 4,200 Dividends on preferred stock 171 171 114 456 Net income available to common shareholders $ 746 $ 1,051 $ 886 $ 1,061 $ 3,744 Basic and diluted earnings per share $ 0.12 $ 0.17 $ 0.15 $ 0.17 $ 0.62 Year Ended December 31, 2014 First Second Third Fourth Quarter Quarter Quarter Quarter Total Interest income $ 6,145 $ 6,186 $ 6,069 $ 6,534 $ 24,934 Interest expense 839 810 791 767 3,207 Net interest income before provision for loan losses 5,306 5,376 5,278 5,767 21,727 Provision for loan losses 250 (300 ) (50 ) Net interest income after provision for loan losses 5,306 5,376 5,028 6,067 21,777 Noninterest income 399 807 764 990 2,960 Noninterest expenses 5,094 5,106 4,989 5,044 20,233 Income before income tax expense 611 1,077 803 2,013 4,504 Income tax expense 105 351 251 712 1,419 Net income 506 726 552 1,301 3,085 Dividends on preferred stock 171 171 170 171 683 Net income available to common shareholders $ 335 $ 555 $ 382 $ 1,130 $ 2,402 Basic and diluted earnings per share $ 0.06 $ 0.09 $ 0.06 $ 0.19 $ 0.40

SIGNIFICANT ACCOUNTING POLICI47

SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Millions	Dec. 31, 2015USD ($)
SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Maximum dividends that may be paid	$ 6.8

SECURITIES - AVAILABLE-FOR-SA48

SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY [Abstract]
Cash proceeds realized from sales and calls of securities available for sale	$ 31,845,000	$ 11,155,000
Gross realized gain from sales and calls of securities available for sale	213,000	165,000
Gross realized losses from sales and calls of securities available for sale	61,000
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	1,292,000	1,313,000
Available for sale securities pledged to secure public deposits	1,012,000	$ 670,000
Proceeds from calls on securities held to maturity	8,250,000
Held to maturity securities pledged to secure public deposits	$ 581,000	$ 751,000
Reclassification of securities available-for-sale to held-to-maturity		$ 24,022,000

SECURITIES - AVAILABLE-FOR-SA49

SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY (Schedule of Fair Value of Securities Available For Sale and Related Gross Unrealized Gains and Losses) (Details) - USD ($)		Dec. 31, 2015	Dec. 31, 2014
Available for sale securities
Amortized Cost		$ 94,350,000	$ 125,551,000
Gross Unrealized Gains		296,000	680,000
Gross Unrealized Losses		1,292,000	1,313,000
Fair Value		93,354,000	124,918,000
U.S. government-sponsored agencies [Member]
Available for sale securities
Amortized Cost		31,266,000	30,701,000
Gross Unrealized Gains		81,000	94,000
Gross Unrealized Losses		393,000	521,000
Fair Value		30,954,000	30,274,000
Obligations of state and political and subdivisions [Member]
Available for sale securities
Amortized Cost		1,409,000	1,420,000
Gross Unrealized Gains		2,000	2,000
Gross Unrealized Losses		1,000	22,000
Fair Value		1,410,000	1,400,000
Mortgage-backed securities - residential [Member]
Available for sale securities
Amortized Cost		45,520,000	76,894,000
Gross Unrealized Gains		213,000	521,000
Gross Unrealized Losses		496,000	672,000
Fair Value		45,237,000	76,743,000
Asset-backed Securities [Member]
Available for sale securities
Amortized Cost	[1]	$ 9,877,000	9,874,000
Gross Unrealized Gains	[1]		57,000
Gross Unrealized Losses	[1]	$ 176,000	16,000
Fair Value	[1]	9,701,000	9,915,000
Corporate Debt Securities [Member]
Available for sale securities
Amortized Cost		$ 2,500,000	2,998,000
Gross Unrealized Gains			6,000
Gross Unrealized Losses		$ 81,000	7,000
Fair Value		2,419,000	2,997,000
Total debt securities [Member]
Available for sale securities
Amortized Cost		90,572,000	121,887,000
Gross Unrealized Gains		296,000	680,000
Gross Unrealized Losses		1,147,000	1,238,000
Fair Value		89,721,000	121,329,000
Other equity investments [Member]
Available for sale securities
Amortized Cost		$ 3,778,000	$ 3,664,000
Gross Unrealized Gains
Gross Unrealized Losses		$ 145,000	$ 75,000
Fair Value		$ 3,633,000	$ 3,589,000

[1]	Collateralized by student loans

SECURITIES - AVAILABLE-FOR-SA50

SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY (Schedule of Held to Maturity Securities and Related Unrecognized Gains and Losses) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Held to maturity securities
Amortized Cost	$ 60,738,000	$ 55,097,000
Gross Unrealized Gains	695,000	1,202,000
Gross Unrealized Losses	152,000	66,000
Fair Value	61,281,000	$ 56,223,000
U.S. Treasury [Member]
Held to maturity securities
Amortized Cost	$ 999,000
Gross Unrealized Gains
Gross Unrealized Losses	$ 11,000
Fair Value	988,000
U.S. government-sponsored agencies [Member]
Held to maturity securities
Amortized Cost	15,109,000	$ 11,962,000
Gross Unrealized Gains	132,000	$ 177,000
Gross Unrealized Losses	24,000
Fair Value	15,217,000	$ 12,139,000
Obligations of state and political and subdivisions [Member]
Held to maturity securities
Amortized Cost	11,219,000	15,636,000
Gross Unrealized Gains	$ 268,000	$ 514,000
Gross Unrealized Losses
Fair Value	$ 11,487,000	$ 16,150,000
Mortgage-backed securities - residential [Member]
Held to maturity securities
Amortized Cost	33,411,000	27,499,000
Gross Unrealized Gains	295,000	511,000
Gross Unrealized Losses	117,000	66,000
Fair Value	$ 33,589,000	$ 27,944,000

SECURITIES - AVAILABLE-FOR-SA51

SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY (Schedule of Amortized Cost and Fair Value of the Investment Securities Portfolio by Contractual Maturity) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Amortized Cost
Within one year
After one year, but within five years	$ 12,986,000
After five years, but within ten years	15,183,000
After ten years	7,006,000
Total	$ 90,572,000
Fair value.
Within one year
After one year, but within five years	$ 12,872,000
After five years, but within ten years	15,098,000
After ten years	6,813,000
Total	89,721,000
Amortized Cost
Within one year	2,655,000
After one year, but within five years	11,617,000
After five years, but within ten years	12,108,000
After ten years	947,000
Total	60,738,000	$ 55,097,000
Fair Value
Within one year	2,698,000
After one year, but within five years	11,845,000
After five years, but within ten years	12,180,000
After ten years	969,000
Total	61,281,000	56,223,000
Mortgage-backed securities - residential [Member]
Amortized Cost
Total	45,520,000
Fair value.
Total	45,237,000
Amortized Cost
Total	33,411,000
Fair Value
Total	33,589,000	$ 27,944,000
Asset-backed Securities [Member]
Amortized Cost
Total	9,877,000
Fair value.
Total	$ 9,701,000

SECURITIES - AVAILABLE-FOR-SA52

SECURITIES - AVAILABLE-FOR-SALE AND HELD TO MATURITY (Schedule of Continuous Unrealized Loss Position for Investment Securities Available for Sale) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	$ 34,770,000	$ 9,007,000
Less than 12 Months, Unrealized Losses	(309,000)	(38,000)
12 Months or Longer, Fair Value	31,476,000	60,210,000
12 Months or Longer, Unrealized Losses	(983,000)	(1,275,000)
Fair Value	66,246,000	69,217,000
Unrealized Losses	(1,292,000)	(1,313,000)
Held to maturity securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	21,126,000	8,788,000
Less than 12 Months, Unrealized Losses	(125,000)	$ (66,000)
12 Months or Longer, Fair Value	1,066,000
12 Months or Longer, Unrealized Losses	(27,000)
Fair Value	22,192,000	$ 8,788,000
Unrealized Losses	(152,000)	$ (66,000)
U.S. Treasury [Member]
Held to maturity securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	988,000
Less than 12 Months, Unrealized Losses	$ (11,000)
12 Months or Longer, Fair Value
12 Months or Longer, Unrealized Losses
Fair Value	$ 988,000
Unrealized Losses	(11,000)
U.S. government-sponsored agencies [Member]
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	18,396,000
Less than 12 Months, Unrealized Losses	(183,000)
12 Months or Longer, Fair Value	7,296,000	$ 23,750,000
12 Months or Longer, Unrealized Losses	(210,000)	(521,000)
Fair Value	25,692,000	23,750,000
Unrealized Losses	(393,000)	$ (521,000)
Held to maturity securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	4,955,000
Less than 12 Months, Unrealized Losses	$ (24,000)
12 Months or Longer, Fair Value
12 Months or Longer, Unrealized Losses
Fair Value	$ 4,955,000
Unrealized Losses	(24,000)
Obligations of state and political and subdivisions [Member]
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	984,000
Less than 12 Months, Unrealized Losses	$ (1,000)
12 Months or Longer, Fair Value		$ 992,000
12 Months or Longer, Unrealized Losses		(22,000)
Fair Value	$ 984,000	992,000
Unrealized Losses	(1,000)	(22,000)
Mortgage-backed securities - residential [Member]
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	8,599,000	5,985,000
Less than 12 Months, Unrealized Losses	(69,000)	(22,000)
12 Months or Longer, Fair Value	16,278,000	30,445,000
12 Months or Longer, Unrealized Losses	(427,000)	(650,000)
Fair Value	24,877,000	36,430,000
Unrealized Losses	(496,000)	(672,000)
Held to maturity securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	15,183,000	8,788,000
Less than 12 Months, Unrealized Losses	(90,000)	$ (66,000)
12 Months or Longer, Fair Value	1,066,000
12 Months or Longer, Unrealized Losses	(27,000)
Fair Value	16,249,000	$ 8,788,000
Unrealized Losses	(117,000)	(66,000)
Asset-backed Securities [Member]
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	6,791,000	3,022,000
Less than 12 Months, Unrealized Losses	(56,000)	$ (16,000)
12 Months or Longer, Fair Value	2,910,000
12 Months or Longer, Unrealized Losses	(120,000)
Fair Value	9,701,000	$ 3,022,000
Unrealized Losses	$ (176,000)	$ (16,000)
Corporate Debt Securities [Member]
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value
Less than 12 Months, Unrealized Losses
12 Months or Longer, Fair Value	$ 1,419,000	$ 1,494,000
12 Months or Longer, Unrealized Losses	(81,000)	(7,000)
Fair Value	1,419,000	1,494,000
Unrealized Losses	$ (81,000)	$ (7,000)
Other equity investments [Member]
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value
Less than 12 Months, Unrealized Losses
12 Months or Longer, Fair Value	$ 3,573,000	$ 3,529,000
12 Months or Longer, Unrealized Losses	(145,000)	(75,000)
Fair Value	3,573,000	3,529,000
Unrealized Losses	$ (145,000)	$ (75,000)

LOANS AND ALLOWANCE FOR LOAN 53

LOANS AND ALLOWANCE FOR LOAN LOSSES (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Loans participated by the Corporation to other organizations, recorded off-balance sheet	$ 8,527,000	$ 12,948,000
Loans from related parties
Loans receivable from related parties	2,458,000	2,533,000
Draws	1,019,000
Repayments	1,094,000
Total value of modified loans in troubled debt restructurings	10,200,000	12,900,000
Trouble debt restructuring classified as performing	9,700,000	12,000,000
Specific reserve related to TDR	708,000	868,000
Committed funds for construction loan, classified as troubled debt restructuring	138,000
Troubled Debt Restructurings, increase (decrease) in allowance for loan losses	$ (161,000)	$ 587,000

LOANS AND ALLOWANCE FOR LOAN 54

LOANS AND ALLOWANCE FOR LOAN LOSSES (Loan Portfolio Schedule) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Gross loans	$ 526,477,000	$ 477,320,000
Deferred loan costs (fees), net	98,000	19,000
Allowance for loan losses	8,823,000	9,602,000
Allowance net of deferred loan fees	8,921,000	9,621,000
Loans, net	517,556,000	467,699,000
Commercial loan secured by real estate [Member]
Gross loans	37,993,000	46,545,000
Commercial loan - Other [Member]
Gross loans	26,867,000	29,307,000
Commercial real estate [Member]
Gross loans	334,489,000	286,063,000
Allowance for loan losses	4,660,000	5,017,000
Commercial Construction [Member]
Gross loans	4,609,000	4,215,000
Allowance for loan losses	114,000	150,000
Residential real estate [Member]
Gross loans	82,955,000	77,836,000
Allowance for loan losses	109,000	142,000
Consumer loan secured by real estate [Member]
Gross loans	29,224,000	27,319,000
Consumer loan - Other [Member]
Gross loans	580,000	939,000
Government Guaranteed Loans - guaranteed portion [Member]
Gross loans	$ 9,626,000	$ 5,000,000
Allowance for loan losses
Government Guaranteed Loans - guaranteed portion [Member]
Gross loans	$ 9,626,000	$ 5,000,000
Other Loans [Member]
Gross loans	134,000	96,000
Allowance for loan losses	$ 3,000	$ 2,000

LOANS AND ALLOWANCE FOR LOAN 55

LOANS AND ALLOWANCE FOR LOAN LOSSES (Schedule of Allowance for Loan Losses) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Activity in the allowance for loan losses
Balance at the beginning of period				$ 9,602,000				$ 9,915,000	$ 9,602,000	$ 9,915,000
Provision charged to operations	$ (275,000)	$ (400,000)	$ (600,000)	(100,000)	$ (300,000)	$ 250,000			(1,375,000)	(50,000)
Loans charge-offs									(602,000)	(1,385,000)
Recoveries of loans charged-off									1,198,000	1,122,000
Balance at the end of period	8,823,000				9,602,000				8,823,000	9,602,000
Commercial [Member]
Activity in the allowance for loan losses
Balance at the beginning of period				3,704,000				$ 3,373,000	3,704,000	3,373,000
Provision charged to operations									129,000	377,000
Loans charge-offs									(600,000)	(262,000)
Recoveries of loans charged-off									465,000	216,000
Balance at the end of period	3,698,000				3,704,000				3,698,000	3,704,000
Commercial loan secured by real estate [Member]
Activity in the allowance for loan losses
Balance at the beginning of period				5,017,000				5,665,000	5,017,000	5,665,000
Provision charged to operations									$ (508,000)	(396,000)
Loans charge-offs										(1,110,000)
Recoveries of loans charged-off									$ 151,000	858,000
Balance at the end of period	4,660,000				5,017,000				4,660,000	5,017,000
Commercial Construction [Member]
Activity in the allowance for loan losses
Balance at the beginning of period				150,000				117,000	150,000	117,000
Provision charged to operations									$ (588,000)	$ (15,000)
Loans charge-offs
Recoveries of loans charged-off									$ 552,000	$ 48,000
Balance at the end of period	114,000				150,000				114,000	150,000
Residential real estate [Member]
Activity in the allowance for loan losses
Balance at the beginning of period				142,000				460,000	142,000	460,000
Provision charged to operations									$ (59,000)	(311,000)
Loans charge-offs										$ (7,000)
Recoveries of loans charged-off									$ 26,000
Balance at the end of period	109,000				142,000				109,000	$ 142,000
Consumer [Member]
Activity in the allowance for loan losses
Balance at the beginning of period				189,000				288,000	189,000	288,000
Provision charged to operations									$ (75,000)	(93,000)
Loans charge-offs										$ (6,000)
Recoveries of loans charged-off									$ 4,000
Balance at the end of period	118,000				189,000				118,000	$ 189,000
Other Loans [Member]
Activity in the allowance for loan losses
Balance at the beginning of period				2,000				3,000	2,000	$ 3,000
Provision charged to operations									3,000
Loans charge-offs									$ (2,000)	$ (1,000)
Recoveries of loans charged-off
Balance at the end of period	3,000				2,000				$ 3,000	$ 2,000
Unallocated Loans [Member]
Activity in the allowance for loan losses
Balance at the beginning of period				$ 398,000				$ 9,000	398,000	9,000
Provision charged to operations									$ (277,000)	388,000
Loans charge-offs										$ 1,000
Recoveries of loans charged-off
Balance at the end of period	$ 121,000				$ 398,000				$ 121,000	$ 398,000

LOANS AND ALLOWANCE FOR LOAN 56

LOANS AND ALLOWANCE FOR LOAN LOSSES (Schedule of Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Ending balances: Allowance for loan losses
Allowance for loan losses Ending balance, Individually evaluated for impairment	$ 719,000	$ 920,000
Allowance for loan losses Ending balance, Collectively evaluated for impairment	8,104,000	8,682,000
Total Ending allowance balance	8,823,000	9,602,000
Ending balances: Loans
Loans Recorded investment Ending balance, Individually evaluated for impairment	11,545,000	15,665,000
Loans Recorded investment Ending balance, Collectively evaluated for impairment	514,932,000	461,655,000
Total Loans	526,477,000	477,320,000
Commercial [Member]
Ending balances: Allowance for loan losses
Allowance for loan losses Ending balance, Individually evaluated for impairment	81,000	223,000
Allowance for loan losses Ending balance, Collectively evaluated for impairment	3,617,000	3,481,000
Total Ending allowance balance	3,698,000	3,704,000
Ending balances: Loans
Loans Recorded investment Ending balance, Individually evaluated for impairment	3,348,000	6,042,000
Loans Recorded investment Ending balance, Collectively evaluated for impairment	61,512,000	69,810,000
Total Loans	64,860,000	75,852,000
Commercial real estate [Member]
Ending balances: Allowance for loan losses
Allowance for loan losses Ending balance, Individually evaluated for impairment	638,000	697,000
Allowance for loan losses Ending balance, Collectively evaluated for impairment	4,022,000	4,320,000
Total Ending allowance balance	4,660,000	5,017,000
Ending balances: Loans
Loans Recorded investment Ending balance, Individually evaluated for impairment	8,113,000	8,913,000
Loans Recorded investment Ending balance, Collectively evaluated for impairment	326,376,000	277,150,000
Total Loans	$ 334,489,000	$ 286,063,000
Commercial Construction [Member]
Ending balances: Allowance for loan losses
Allowance for loan losses Ending balance, Individually evaluated for impairment
Allowance for loan losses Ending balance, Collectively evaluated for impairment	$ 114,000	$ 150,000
Total Ending allowance balance	$ 114,000	150,000
Ending balances: Loans
Loans Recorded investment Ending balance, Individually evaluated for impairment		288,000
Loans Recorded investment Ending balance, Collectively evaluated for impairment	$ 4,609,000	3,927,000
Total Loans	$ 4,609,000	$ 4,215,000
Residential real estate [Member]
Ending balances: Allowance for loan losses
Allowance for loan losses Ending balance, Individually evaluated for impairment
Allowance for loan losses Ending balance, Collectively evaluated for impairment	$ 109,000	$ 142,000
Total Ending allowance balance	$ 109,000	142,000
Ending balances: Loans
Loans Recorded investment Ending balance, Individually evaluated for impairment		96,000
Loans Recorded investment Ending balance, Collectively evaluated for impairment	$ 82,955,000	77,740,000
Total Loans	$ 82,955,000	$ 77,836,000
Consumer [Member]
Ending balances: Allowance for loan losses
Allowance for loan losses Ending balance, Individually evaluated for impairment
Allowance for loan losses Ending balance, Collectively evaluated for impairment	$ 118,000	$ 189,000
Total Ending allowance balance	118,000	189,000
Ending balances: Loans
Loans Recorded investment Ending balance, Individually evaluated for impairment	84,000	326,000
Loans Recorded investment Ending balance, Collectively evaluated for impairment	29,720,000	27,932,000
Total Loans	$ 29,804,000	$ 28,258,000
Government Guaranteed [Member]
Ending balances: Allowance for loan losses
Allowance for loan losses Ending balance, Individually evaluated for impairment
Allowance for loan losses Ending balance, Collectively evaluated for impairment
Total Ending allowance balance
Ending balances: Loans
Loans Recorded investment Ending balance, Individually evaluated for impairment
Loans Recorded investment Ending balance, Collectively evaluated for impairment	$ 9,626,000	$ 5,000,000
Total Loans	9,626,000	5,000,000
Gov't Guarnatee [Member]
Ending balances: Loans
Total Loans	$ 9,626,000	$ 5,000,000
Other Loans [Member]
Ending balances: Allowance for loan losses
Allowance for loan losses Ending balance, Individually evaluated for impairment
Allowance for loan losses Ending balance, Collectively evaluated for impairment	$ 3,000	$ 2,000
Total Ending allowance balance	$ 3,000	$ 2,000
Ending balances: Loans
Loans Recorded investment Ending balance, Individually evaluated for impairment
Loans Recorded investment Ending balance, Collectively evaluated for impairment	$ 134,000	$ 96,000
Total Loans	$ 134,000	$ 96,000
Unallocated Loans [Member]
Ending balances: Allowance for loan losses
Allowance for loan losses Ending balance, Individually evaluated for impairment
Allowance for loan losses Ending balance, Collectively evaluated for impairment	$ 121,000	$ 398,000
Total Ending allowance balance	$ 121,000	$ 398,000
Ending balances: Loans
Loans Recorded investment Ending balance, Individually evaluated for impairment
Loans Recorded investment Ending balance, Collectively evaluated for impairment
Total Loans

LOANS AND ALLOWANCE FOR LOAN 57

LOANS AND ALLOWANCE FOR LOAN LOSSES (Schedule of Recorded Investment in Nonaccrual Loans) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Total nonperfoming loans	$ 1,882,000	$ 3,628,000
Commercial loan secured by real estate [Member]
Total nonperfoming loans	1,300,000	$ 1,923,000
Commercial loan - Other [Member]
Total nonperfoming loans	14,000
Commercial real estate [Member]
Total nonperfoming loans	$ 484,000	$ 1,284,000
Residential real estate [Member]
Total nonperfoming loans		96,000
Consumer loan secured by real estate [Member]
Total nonperfoming loans	$ 84,000	$ 325,000

LOANS AND ALLOWANCE FOR LOAN 58

LOANS AND ALLOWANCE FOR LOAN LOSSES (Schedule of Recorded Investments in Impaired Loans) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Loans with an allowance recorded:
Related Allowance	$ 719,000	$ 920,000
Total impaired loans
Unpaid Principal Balance	12,502,000	18,603,000
Recorded Investment	11,545,000	15,665,000
Average Recorded Investment	13,551,000	19,341,000
Interest Income Recognized	535,000	747,000
Commercial loan secured by real estate [Member]
Loans with no related allowance recorded:
Unpaid Principal Balance With no related allowance recorded	3,244,000	5,997,000
Recorded Investment With no related allowance recorded	2,729,000	4,838,000
Average Recorded Investment	3,683,000	5,443,000
Interest income recognized for the year	156,000	225,000
Loans with an allowance recorded:
Unpaid Principal Balance With an allowance recorded	390,000	458,000
Recorded Investment With an allowance recorded	308,000	436,000
Related Allowance	80,000	213,000
Average Recorded Investment	405,000	437,000
Interest income recognized for the year	14,000	16,000
Commercial loan - Other [Member]
Loans with no related allowance recorded:
Unpaid Principal Balance With no related allowance recorded	137,000	66,000
Recorded Investment With no related allowance recorded	137,000	58,000
Average Recorded Investment	61,000	65,000
Interest income recognized for the year	2,000	3,000
Loans with an allowance recorded:
Unpaid Principal Balance With an allowance recorded	174,000	713,000
Recorded Investment With an allowance recorded	174,000	710,000
Related Allowance	1,000	10,000
Average Recorded Investment	463,000	750,000
Interest income recognized for the year	31,000	44,000
Commercial real estate [Member]
Loans with no related allowance recorded:
Unpaid Principal Balance With no related allowance recorded	3,245,000	4,609,000
Recorded Investment With no related allowance recorded	2,885,000	3,279,000
Average Recorded Investment	2,890,000	6,755,000
Interest income recognized for the year	121,000	155,000
Loans with an allowance recorded:
Unpaid Principal Balance With an allowance recorded	5,228,000	5,643,000
Recorded Investment With an allowance recorded	5,228,000	5,634,000
Related Allowance	638,000	697,000
Average Recorded Investment	5,534,000	3,922,000
Interest income recognized for the year	$ 211,000	233,000
Commercial Construction [Member]
Loans with no related allowance recorded:
Unpaid Principal Balance With no related allowance recorded		652,000
Recorded Investment With no related allowance recorded		288,000
Average Recorded Investment	$ 215,000	517,000
Interest income recognized for the year		$ 71,000
Loans with an allowance recorded:
Unpaid Principal Balance With an allowance recorded
Recorded Investment With an allowance recorded
Related Allowance
Average Recorded Investment		$ 420,000
Interest income recognized for the year
Residential real estate [Member]
Loans with no related allowance recorded:
Unpaid Principal Balance With no related allowance recorded		$ 132,000
Recorded Investment With no related allowance recorded		96,000
Average Recorded Investment	$ 74,000	$ 526,000
Interest income recognized for the year
Consumer loan secured by real estate [Member]
Loans with no related allowance recorded:
Unpaid Principal Balance With no related allowance recorded	$ 84,000	$ 333,000
Recorded Investment With no related allowance recorded	84,000	326,000
Average Recorded Investment	$ 226,000	$ 506,000
Interest income recognized for the year

LOANS AND ALLOWANCE FOR LOAN 59

LOANS AND ALLOWANCE FOR LOAN LOSSES (Schedule of Aging of the Recorded Investment in Past Due Loans by Class of Loans) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Aging analysis of past due loans
Total	$ 1,435,000	$ 3,694,000
Not past due	525,042,000	473,626,000
Total Loans	526,477,000	477,320,000
30 to 59 Days [Member]
Aging analysis of past due loans
Total	383,000	771,000
Greater Than 90 Days [Member]
Aging analysis of past due loans
Total	$ 1,052,000	2,593,000
60 to 89 Days [Member]
Aging analysis of past due loans
Total		330,000
Commercial loan secured by real estate [Member]
Aging analysis of past due loans
Total	$ 1,011,000	2,054,000
Not past due	36,982,000	44,491,000
Total Loans	$ 37,993,000	46,545,000
Commercial loan secured by real estate [Member] \| 30 to 59 Days [Member]
Aging analysis of past due loans
Total		546,000
Commercial loan secured by real estate [Member] \| Greater Than 90 Days [Member]
Aging analysis of past due loans
Total	$ 1,011,000	$ 1,508,000
Commercial loan secured by real estate [Member] \| 60 to 89 Days [Member]
Aging analysis of past due loans
Total
Commercial loan - Other [Member]
Aging analysis of past due loans
Total		$ 225,000
Not past due	$ 26,867,000	29,082,000
Total Loans	$ 26,867,000	29,307,000
Commercial loan - Other [Member] \| 30 to 59 Days [Member]
Aging analysis of past due loans
Total		$ 225,000
Commercial loan - Other [Member] \| Greater Than 90 Days [Member]
Aging analysis of past due loans
Total
Commercial loan - Other [Member] \| 60 to 89 Days [Member]
Aging analysis of past due loans
Total
Commercial real estate [Member]
Aging analysis of past due loans
Total	$ 271,000	$ 1,166,000
Not past due	334,218,000	284,897,000
Total Loans	334,489,000	$ 286,063,000
Commercial real estate [Member] \| 30 to 59 Days [Member]
Aging analysis of past due loans
Total	$ 271,000
Commercial real estate [Member] \| Greater Than 90 Days [Member]
Aging analysis of past due loans
Total		$ 836,000
Commercial real estate [Member] \| 60 to 89 Days [Member]
Aging analysis of past due loans
Total		$ 330,000
Commercial Construction [Member]
Aging analysis of past due loans
Total
Not past due	$ 4,609,000	$ 4,215,000
Total Loans	$ 4,609,000	$ 4,215,000
Commercial Construction [Member] \| 30 to 59 Days [Member]
Aging analysis of past due loans
Total
Commercial Construction [Member] \| Greater Than 90 Days [Member]
Aging analysis of past due loans
Total
Commercial Construction [Member] \| 60 to 89 Days [Member]
Aging analysis of past due loans
Total
Residential real estate [Member]
Aging analysis of past due loans
Total
Not past due	$ 82,955,000	$ 77,836,000
Total Loans	$ 82,955,000	$ 77,836,000
Residential real estate [Member] \| 30 to 59 Days [Member]
Aging analysis of past due loans
Total
Residential real estate [Member] \| Greater Than 90 Days [Member]
Aging analysis of past due loans
Total
Residential real estate [Member] \| 60 to 89 Days [Member]
Aging analysis of past due loans
Total
Consumer loan secured by real estate [Member]
Aging analysis of past due loans
Total	$ 153,000	$ 249,000
Not past due	29,071,000	27,070,000
Total Loans	29,224,000	$ 27,319,000
Consumer loan secured by real estate [Member] \| 30 to 59 Days [Member]
Aging analysis of past due loans
Total	112,000
Consumer loan secured by real estate [Member] \| Greater Than 90 Days [Member]
Aging analysis of past due loans
Total	$ 41,000	$ 249,000
Consumer loan secured by real estate [Member] \| 60 to 89 Days [Member]
Aging analysis of past due loans
Total
Consumer loan - Other [Member]
Aging analysis of past due loans
Total
Not past due	$ 580,000	$ 939,000
Total Loans	$ 580,000	$ 939,000
Consumer loan - Other [Member] \| 30 to 59 Days [Member]
Aging analysis of past due loans
Total
Consumer loan - Other [Member] \| Greater Than 90 Days [Member]
Aging analysis of past due loans
Total
Consumer loan - Other [Member] \| 60 to 89 Days [Member]
Aging analysis of past due loans
Total
Gov't Guarnatee [Member]
Aging analysis of past due loans
Total
Not past due	$ 9,626,000	$ 5,000,000
Total Loans	$ 9,626,000	$ 5,000,000
Gov't Guarnatee [Member] \| 30 to 59 Days [Member]
Aging analysis of past due loans
Total
Gov't Guarnatee [Member] \| Greater Than 90 Days [Member]
Aging analysis of past due loans
Total
Gov't Guarnatee [Member] \| 60 to 89 Days [Member]
Aging analysis of past due loans
Total
Other Loans [Member]
Aging analysis of past due loans
Total
Not past due	$ 134,000	$ 96,000
Total Loans	$ 134,000	$ 96,000
Other Loans [Member] \| 30 to 59 Days [Member]
Aging analysis of past due loans
Total
Other Loans [Member] \| Greater Than 90 Days [Member]
Aging analysis of past due loans
Total
Other Loans [Member] \| 60 to 89 Days [Member]
Aging analysis of past due loans
Total

LOANS AND ALLOWANCE FOR LOAN 60

LOANS AND ALLOWANCE FOR LOAN LOSSES (Schedule of Troubled Debt Restructurings) (Details)	12 Months Ended
	Dec. 31, 2014USD ($)N
Number of loans restructured \| N	3
TDRs arising during period Pre-Modification Recorded Investment	$ 363,000
TDRs arising during period Post-Modification Recorded Investment	$ 363,000
Commercial loan secured by real estate [Member]
Number of loans restructured \| N	2
TDRs arising during period Pre-Modification Recorded Investment	$ 252,000
TDRs arising during period Post-Modification Recorded Investment	$ 252,000
Commercial real estate [Member]
Number of loans restructured \| N	1
TDRs arising during period Pre-Modification Recorded Investment	$ 111,000
TDRs arising during period Post-Modification Recorded Investment	$ 111,000

LOANS AND ALLOWANCE FOR LOAN 61

LOANS AND ALLOWANCE FOR LOAN LOSSES (Schedule of Loans by Credit Quality Indicators) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Total Loans	$ 526,477,000	$ 477,320,000
Pass [Member]
Total Loans	392,334,000	346,491,000
Special Mention [Member]
Total Loans	6,210,000	11,174,000
Substandard [Member]
Total Loans	$ 5,414,000	$ 8,465,000
Doubtful [Member]
Total Loans
Loss [Member]
Total Loans
Commercial loan secured by real estate [Member]
Total Loans	$ 37,993,000	$ 46,545,000
Commercial loan secured by real estate [Member] \| Pass [Member]
Total Loans	35,263,000	41,091,000
Commercial loan secured by real estate [Member] \| Special Mention [Member]
Total Loans	1,431,000	3,531,000
Commercial loan secured by real estate [Member] \| Substandard [Member]
Total Loans	$ 1,299,000	$ 1,923,000
Commercial loan secured by real estate [Member] \| Doubtful [Member]
Total Loans
Commercial loan secured by real estate [Member] \| Loss [Member]
Total Loans
Commercial loan - Other [Member]
Total Loans	$ 26,867,000	$ 29,307,000
Commercial loan - Other [Member] \| Pass [Member]
Total Loans	25,725,000	27,903,000
Commercial loan - Other [Member] \| Special Mention [Member]
Total Loans	745,000	616,000
Commercial loan - Other [Member] \| Substandard [Member]
Total Loans	$ 397,000	$ 788,000
Commercial loan - Other [Member] \| Doubtful [Member]
Total Loans
Commercial loan - Other [Member] \| Loss [Member]
Total Loans
Commercial real estate [Member]
Total Loans	$ 334,489,000	$ 286,063,000
Commercial real estate [Member] \| Pass [Member]
Total Loans	326,737,000	274,788,000
Commercial real estate [Member] \| Special Mention [Member]
Total Loans	4,034,000	5,521,000
Commercial real estate [Member] \| Substandard [Member]
Total Loans	$ 3,718,000	$ 5,754,000
Commercial real estate [Member] \| Doubtful [Member]
Total Loans
Commercial real estate [Member] \| Loss [Member]
Total Loans
Commercial Construction [Member]
Total Loans	$ 4,609,000	$ 4,215,000
Commercial Construction [Member] \| Pass [Member]
Total Loans	$ 4,609,000	2,709,000
Commercial Construction [Member] \| Special Mention [Member]
Total Loans		$ 1,506,000
Commercial Construction [Member] \| Substandard [Member]
Total Loans
Commercial Construction [Member] \| Doubtful [Member]
Total Loans
Commercial Construction [Member] \| Loss [Member]
Total Loans
Total [Member]
Total Loans	$ 403,958,000	$ 366,130,000

LOANS AND ALLOWANCE FOR LOAN 62

LOANS AND ALLOWANCE FOR LOAN LOSSES (Schedule of Recorded Investment in Residential Real Estate and Consumer Loans Based on Payment Activity) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Total Loans	$ 526,477,000	$ 477,320,000
Residential real estate [Member]
Total Loans	82,955,000	77,836,000
Residential real estate [Member] \| Current [Member]
Total Loans	82,415,000	77,740,000
Residential real estate [Member] \| Past Due and Nonaccrual [Member]
Total Loans	540,000	96,000
Consumer loan secured by real estate [Member]
Total Loans	29,224,000	27,319,000
Consumer loan secured by real estate [Member] \| Current [Member]
Total Loans	27,730,000	25,867,000
Consumer loan secured by real estate [Member] \| Past Due and Nonaccrual [Member]
Total Loans	1,494,000	1,452,000
Consumer loan - Other [Member]
Total Loans	580,000	939,000
Consumer loan - Other [Member] \| Current [Member]
Total Loans	578,000	930,000
Consumer loan - Other [Member] \| Past Due and Nonaccrual [Member]
Total Loans	2,000	9,000
Total Residential Real Estate and Consumer [Member]
Total Loans	112,759,000	106,094,000
Total Residential Real Estate and Consumer [Member] \| Current [Member]
Total Loans	110,723,000	104,537,000
Total Residential Real Estate and Consumer [Member] \| Past Due and Nonaccrual [Member]
Total Loans	$ 2,036,000	$ 1,557,000

PREMISES AND EQUIPMENT, NET (Na

PREMISES AND EQUIPMENT, NET (Narrative) (Details) - USD ($)	12 Months Ended
PREMISES AND EQUIPMENT, NET (Narrative) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
PREMISES AND EQUIPMENT, NET [Abstract]
Depreciation and amortization expense	$ 392,000	$ 420,000

PREMISES AND EQUIPMENT, NET (Sc

PREMISES AND EQUIPMENT, NET (Schedule of Premises and Equipment) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Premise and equipment, Gross	$ 10,893,000	$ 11,948,000
Accumulated depreciations and amortization	4,094,000	5,371,000
Premises and equipment, net	6,799,000	6,577,000
Land [Member]
Premise and equipment, Gross	3,240,000	3,219,000
Buildings and improvements [Member]
Premise and equipment, Gross	4,498,000	4,082,000
Leasehold improvements [Member]
Premise and equipment, Gross	2,077,000	2,246,000
Furniture, fixtures and equipment [Member]
Premise and equipment, Gross	$ 1,078,000	$ 2,401,000

OTHER REAL ESTATE OWNED (Narrat

OTHER REAL ESTATE OWNED (Narrative) (Details) - USD ($)	12 Months Ended
OTHER REAL ESTATE OWNED (Narrative) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
OTHER REAL ESTATE OWNED [Abstract]
Net gain on sale of other real estate owned	$ 83,000	$ 63,000

OTHER REAL ESTATE OWNED (Schedu

OTHER REAL ESTATE OWNED (Schedule of Other Real Estate Owned) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
OTHER REAL ESTATE OWNED [Abstract]
Acquired by foreclosure or deed in lieu of foreclosure	$ 880,000	$ 1,375,000
Allowance for losses on other real estate owned		(67,000)	$ (29,000)
Other real estate owned, net	$ 880,000	$ 1,308,000

OTHER REAL ESTATE OWNED (Sche67

OTHER REAL ESTATE OWNED (Schedule of Activity in Allowance for Losses on Other Real Estate Owned) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Allowance for Loan Losses - Other Real Estate Owned
Beginning of year	$ 67,000	$ 29,000
Additions charged to expense	218,000	235,000
Reductions from sales of other real estate owned	$ (285,000)	(197,000)
End of year		$ 67,000

OTHER REAL ESTATE OWNED (Sche68

OTHER REAL ESTATE OWNED (Schedule of Expenses Realted to Other Real Estate Owned) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
OTHER REAL ESTATE OWNED [Abstract]
Provision for unrealized losses	$ 218,000	$ 235,000
Operating expenses, net of rental income	80,000	195,000
End of year	$ 298,000	$ 430,000

DEPOSITS (Narrative) (Details)

DEPOSITS (Narrative) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
DEPOSITS [Abstract]
Certificates of deposit with balances of $100,000 or more	$ 86,832,000	$ 75,859,000

DEPOSITS (Schedule of Deposit L

DEPOSITS (Schedule of Deposit Liabilities) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Deposits:
Noninterest-bearing	$ 147,828,000	$ 136,721,000
Interest-bearing checking accounts	182,310,000	168,319,000
Money market accounts	46,427,000	41,906,000
Total interest-bearing demand	228,737,000	210,225,000
Statement savings and clubs	74,384,000	71,202,000
Business savings	7,452,000	5,220,000
Total savings	81,836,000	76,422,000
IRA investments and variable rate savings	28,731,000	28,765,000
Brokered certificates	7,779,000	10,496,000
Money market certificates	109,842,000	93,847,000
Total certificates of deposit	146,352,000	133,108,000
Total interest-bearing deposits	456,925,000	419,755,000
Total deposits	$ 604,753,000	$ 556,476,000

DEPOSITS (Schedule of Maturitie

DEPOSITS (Schedule of Maturities of Time Deposits) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Maturities of certificates of deposits in fiscal year:
2,016	$ 61,178,000
2,017	41,882,000
2,018	18,928,000
2,019	14,648,000
2,020	9,716,000
Total certificates of deposit	$ 146,352,000	$ 133,108,000

BORROWINGS (Narrative) (Details

BORROWINGS (Narrative) (Details) - USD ($) $ in Millions	Sep. 25, 2012	Dec. 31, 2015	Dec. 31, 2014
Maximum FHLB advances outstanding at any month end		$ 55	$ 66.7
Average Balance of FHLB advances outstanding		47.8	32.5
FHLB advances which have reached their first call date		10
Additional borrowing capacity from FHLB		84.1	84.7
Overnight Borrowings with Fhlb		6.7	0
Borrowing capacity at the Federal Reserve Bank discount window		7.8	5.1
Overnight variable pricing lines with other correspondent banks		38	35
Wholesale repurchase agreement, description	The borrowing had a current floating rate at 9.00% minus 3-month LIBOR measured on a quarterly basis with a 5.15% cap and a 0.00% floor.
Federal Home Loan Bank Advances - new borrowings [Member]
Assets pledged as security for FHLB advances		68.3	63.2
Investment Securities [Member]
Assets pledged as security for FHLB advances		$ 15.8	$ 21.5

BORROWINGS (Schedule of Maturit

BORROWINGS (Schedule of Maturities of FHLB Advances) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Maturities of Federal Home Loan Bank Advances
Within one year	$ 10,000,000	$ 26,700,000
After one year, but within two years	15,000,000	10,000,000
After two years, but within three years	$ 15,000,000	15,000,000
After three years, but within four years		$ 15,000,000
After four years, but within five years
Advances from Federal Home Loan Banks	$ 40,000,000	$ 66,700,000
Average Interest Rate
Within one year	1.64%	2.10%
After one year, but within two years	3.74%	1.64%
After two years, but within three years	3.35%	3.74%
After three years, but within four years		3.35%
After four years, but within five years
Advances Federal Home Loan Bank Maturities Average Interest Rate	3.07%	2.68%

BORROWINGS (Schedule of Securit

BORROWINGS (Schedule of Securities Sold under Agreements to Repurchase) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Securities sold under agreements to repurchase
Securities sold under agreement to repurchase
Weighted average rate at year end	0.00%	0.00%
Maximum amount outstanding at any month end during the year		$ 7,601,000
Average amount outstanding during the year		$ 5,255,000
Average interest rate during the year	0.00%	4.83%

SUBORDINATED DEBENTURES AND S75

SUBORDINATED DEBENTURES AND SUBORDINATED NOTES (Schedule of Subordinated Debentures and Subordinated Notes) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES [Line Items]
Subordinated debt, carrying amount	$ 23,186,000	$ 7,217,000
Fixed / Floating Rate Junior Subordinated Debentures [Member]
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES [Line Items]
Subordinated debt, issue date	Sep. 17, 2003
Subordinated debt, maturity date	Sep. 17, 2033
Subordinated debt, carrying amount	$ 7,217,000	$ 7,217,000
Fixed Rate Subordinated Notes [Member]
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES [Line Items]
Subordinated debt, issue date	Aug. 28, 2015
Subordinated debt, maturity date	Aug. 25, 2025
Subordinated debt, carrying amount	$ 15,969,000

SUBORDINATED DEBENTURES AND S76

SUBORDINATED DEBENTURES AND SUBORDINATED NOTES (Narrative) (Details)	Sep. 17, 2008	Mar. 17, 2003USD ($)	Dec. 31, 2015USD ($)Item	Aug. 28, 2015USD ($)	Dec. 31, 2014USD ($)
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES [Line Items]
Interest rate of securities			3.48%		3.19%
Subordinated debentures and subordinated notes			$ 23,186,000		$ 7,217,000
Fixed / Floating Rate Junior Subordinated Debentures [Member]
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	6.75%
Interest Rate of Debentures			3.48%		3.19%
Variable rate basis	three month LIBOR
Spread on Variable Rate	2.95%
Number of maximum extended period for interest payment \| Item			20
Subordinated Notes [Member]
SUBORDINATED DEBENTURES AND SUBORDINATED NOTES [Line Items]
Debt Instrument Face Amount				$ 16,600,000
Debt Instrument Interest Rate Stated Percentage				6.75%
Subordinated debentures and subordinated notes			$ 16,000,000
Unamortized debt issuance costs			$ 631,000

PREFERRED STOCK (Details)

PREFERRED STOCK (Details) - USD ($)	Sep. 01, 2015	Dec. 31, 2015
Amount of fund established to encourage lending to small businesses by providing capital to qualified community banks with assets of less than $10 billion		$ 30,000,000,000
Dividend rate, fixed after four and one half years		9.00%
Senior Non-Cumulative Perpetual Preferred Stock, Series B [Member]
Stock issued during period (in shares)	15,000
Liquidation preference (in dollars per share)	$ 1,000
Stock issued during period, value	$ 15,000,000
Accrued dividends	$ 114,000
Preferred stock dividend rate, terms	The dividend rate of the Series B Preferred Shares was subject to fluctuation on a quarterly basis during the first ten quarters during which the Series B Preferred Shares were outstanding, based upon changes in the level of Qualified Small Business Lending (QSBL as defined in the Securities Purchase Agreement) from 1% to 5% per annum and, since then, for the eleventh dividend period through that portion of the nineteenth dividend period prior to the four and one-half year anniversary of the date of issuance of the Series B Preferred Shares (i.e., through February 29, 2016), the dividend rate became fixed at 4.56%.

REGULATORY CAPITAL REQUIREMEN78

REGULATORY CAPITAL REQUIREMENTS (Schedule of Regulatory Capital Requirements) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Consolidated [Member]
Tier 1 Leverage Capital (to average assets)
Tier 1 Capital	$ 55,331,000	$ 64,399,000
Tier 1 Capital (to average assets) ratio	7.67%	9.45%
Minimum amount of Tier 1 Capital for adequacy purposes	$ 28,842,000	$ 27,265,000
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	4.00%	4.00%
Minimum Tier 1 Capital required to be well-capitalized
Minimum Tier 1 Capital required to be well-capitalized, ratio
Tier 1 Capital (to risk-weighted assets)
Common Equity Tier 1 Capital
Common Equity Tier 1 Capital (to risk-weighted assets) ratio
Minimum amount of Common Equity Tier 1 Capital for adequacy purposes
Minimum amount of Common Equity Tier 1 Capital for adequacy purposes, ratio
Minimum Common Equity Tier 1 Capital required to be well-capitalized
Minimum Common Equity Tier 1 Capital required to be well-capitalized, ratio
Tier 1 Capital	$ 55,331,000	$ 64,399,000
Tier 1 Capital (to risk-weighted assets) ratio	10.16%	13.04%
Minimum amount of Tier 1 Capital for adequacy purposes	$ 21,791,000	$ 19,751,000
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	4.00%	4.00%
Minimum Tier 1 Capital required to be well-capitalized
Minimum Tier 1 Capital required to be well-capitalized, ratio
Total Capital	$ 78,135,000	$ 70,614,000
Total Capital
Total Capital (to risk-weighted assets) ratio	14.34%	14.30%
Minimum amount of capital for adequacy purposes	$ 43,583,000	$ 39,502,000
Minimum amount of capital for adequacy purposes, ratio	8.00%	8.00%
Minimum Capital required to be well-capitalized
Minimum Capital required to be well-capitalized, ratio
Bank [Member]
Tier 1 Leverage Capital (to average assets)
Tier 1 Capital	$ 68,118,000	$ 62,622,000
Tier 1 Capital (to average assets) ratio	9.47%	9.20%
Minimum amount of Tier 1 Capital for adequacy purposes	$ 28,762,000	$ 27,214,000
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	4.00%	4.00%
Minimum Tier 1 Capital required to be well-capitalized	$ 35,953,000	$ 34,018,000
Minimum Tier 1 Capital required to be well-capitalized, ratio	5.00%	5.00%
Tier 1 Capital (to risk-weighted assets)
Common Equity Tier 1 Capital	$ 68,118,000
Common Equity Tier 1 Capital (to risk-weighted assets) ratio	12.41%
Minimum amount of Common Equity Tier 1 Capital for adequacy purposes	$ 24,698,000
Minimum amount of Common Equity Tier 1 Capital for adequacy purposes, ratio	4.50%
Minimum Common Equity Tier 1 Capital required to be well-capitalized	$ 35,675,000
Minimum Common Equity Tier 1 Capital required to be well-capitalized, ratio	6.50%
Tier 1 Capital	$ 68,118,000	$ 62,622,000
Tier 1 Capital (to risk-weighted assets) ratio	12.41%	12.69%
Minimum amount of Tier 1 Capital for adequacy purposes	$ 32,930,000	$ 19,740,000
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	6.00%	4.00%
Minimum Tier 1 Capital required to be well-capitalized	$ 43,907,000	$ 29,609,000
Minimum Tier 1 Capital required to be well-capitalized, ratio	8.00%	6.00%
Total Capital	$ 75,006,000	$ 68,833,000
Total Capital
Total Capital (to risk-weighted assets) ratio	13.67%	13.95%
Minimum amount of capital for adequacy purposes	$ 43,907,000	$ 39,479,000
Minimum amount of capital for adequacy purposes, ratio	8.00%	8.00%
Minimum Capital required to be well-capitalized	$ 54,884,000	$ 49,349,000
Minimum Capital required to be well-capitalized, ratio	10.00%	10.00%

BENEFIT PLANS (Details)

BENEFIT PLANS (Details) - USD ($)	12 Months Ended
BENEFIT PLANS (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
BENEFIT PLANS [Abstract]
Total profit sharing expense	$ 248,000	$ 170,000
401(k) plan employer contributions	$ 164,000	$ 141,000
Shares purchased under the employee stock purchase plan	4,671	6,560
Shares reserved for issuance under the Employee Stock Purchase Plan	174,752

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($)	12 Months Ended
STOCK-BASED COMPENSATION (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Restricted shares [Member]
Award vesting period	3 years
Stock-based compensation expense for stock grant	$ 91,000	$ 69,000
Awards granted	50,974	49,661
Restricted shares [Member] \| Board of Directors [Member]
Stock-based compensation expense for stock grant	$ 50,000
Awards granted	8,250	0
Director Stock Plan [Member]
Shares purchased for plan	4,058	5,060
Awards authorized but unissued	524,036
2010 Stock Incentive Plan [Member]
Awards authorized but unissued	109,153

STOCK-BASED COMPENSATION (Sched

STOCK-BASED COMPENSATION (Schedule of Changes in Nonvested Restricted Shares) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Weighted Average Grant Date Fair Value
Balance January 1
Vested
Forfeited
Restricted shares [Member]
Number of Shares
Balance January 1	49,661
Granted	50,974	49,661
Vested	(16,065)
Forfeited	(19,600)
Balance December 31	64,970	49,661
Weighted Average Grant Date Fair Value
Balance January 1	$ 5.01
Granted	5.47	$ 5.01
Vested	5.01
Forfeited	5.26
Balance December 31	$ 5.29	$ 5.01

EARNINGS PER COMMON SHARE (Narr

EARNINGS PER COMMON SHARE (Narrative) (Details)	12 Months Ended
EARNINGS PER COMMON SHARE (Narrative) (Details)	Dec. 31, 2015shares
Stock options [Member]
Antidilutive securities excluded from computation of diluted EPS (in shares)	0

EARNINGS PER COMMON SHARE (Sche

EARNINGS PER COMMON SHARE (Schedule of Earnings Per Common Share) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
EARNINGS PER COMMON SHARE [Abstract]
Net Income	$ 1,061,000	$ 1,000,000	$ 1,222,000	$ 917,000	$ 1,301,000	$ 552,000	$ 726,000	$ 506,000	$ 4,200,000	$ 3,085,000
Dividends on preferred stock and accretion									456,000	683,000
Net income available to common shareholders	$ 1,061,000	$ 886,000	$ 1,051,000	$ 746,000	$ 1,130,000	$ 382,000	$ 555,000	$ 335,000	$ 3,744,000	$ 2,402,000
Weighted-average common shares outstanding - basic (in shares)									6,077,657	6,003,814
Effect of dilutive securities - stock options (in shares)
Weighted average common shares outstanding - diluted (in shares)									6,077,657	6,003,814
Basic earnings per common share (in dollars per share)									$ 0.62	$ 0.40
Diluted earnings per common share (in dollars per share)									$ 0.62	$ 0.40

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($)	12 Months Ended
INCOME TAXES (Narrative) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
INCOME TAXES [Abstract]
Statutory federal income tax rate	34.00%
Carryback taxes paid that could be utilized against the deferred tax asset	$ 1,000,000
Deferred Tax Assets Operating Loss carryforwards	4,200,000
AMT credit carryforwards	347,000	$ 425,000
Unrecognized tax benefits	0	0
Tax, interest and penalties	0	0
Accrued tax interest and penalties	$ 0	$ 0

INCOME TAXES (Schedule of Compo

INCOME TAXES (Schedule of Components of Income Tax Benefit) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Current tax expense (benefit):
Federal									$ 1,278,000	$ 634,000
State									477,000	159,000
Current income tax (benefit) expense									1,755,000	793,000
Deferred tax expense (benefit):
Federal									459,000	392,000
State									134,000	273,000
Valuation allowance									(76,000)	(39,000)
Deferred tax (benefit) expense									517,000	626,000
Income Tax Expense	$ 614,000	$ 532,000	$ 673,000	$ 453,000	$ 712,000	$ 251,000	$ 351,000	$ 105,000	$ 2,272,000	$ 1,419,000

INCOME TAXES (Schedule of Effec

INCOME TAXES (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
INCOME TAXES [Abstract]
Federal income tax									$ 2,200,000	$ 1,531,000
Add (deduct) effect of:
State income taxes, net of federal income tax effect									443,000	246,000
Nontaxable interest income									(194,000)	(255,000)
Bank owned life insurance									(141,000)	(141,000)
Nondeductible expenses									14,000	$ 10,000
Change in valuation reserve									$ (50,000)
Other items, net										$ 28,000
Income Tax Expense	$ 614,000	$ 532,000	$ 673,000	$ 453,000	$ 712,000	$ 251,000	$ 351,000	$ 105,000	$ 2,272,000	$ 1,419,000

INCOME TAXES (Schedule of Defer

INCOME TAXES (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Allowance for loan losses	$ 3,524,000	$ 3,835,000
Accrued compensation	124,000	159,000
Nonaccrual loan interest	302,000	453,000
Depreciation	379,000	382,000
Contribution carry forward	105,000	146,000
Restricted stock	$ 42,000	28,000
OREO reserve		27,000
Accrued contributions	$ 82,000	21,000
State capital loss carry forward		23,000
Unrealized loss on fair value of interest rate swap	$ 25,000	125,000
Unrealized loss on securities available-for-sale	385,000	477,000
Alternate minimum tax	347,000	425,000
Deferred Tax Assets, Gross	5,315,000	6,101,000
Valuation reserve	(87,000)	(163,000)
Deferred Tax Assets, Net	5,228,000	5,938,000
Deferred tax liabilities:
Other	4,000	4,000
Deferred Tax Liabilities	4,000	4,000
Net deferred tax assets	$ 5,224,000	$ 5,934,000

COMMITMENTS AND CONTINGENCIES88

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Rental Expense	$ 924,000	$ 1,106,000
Rental Income	40,000	$ 46,000
Residential real estate [Member]
Commitment to extend credit at fixed rates	$ 1,400,000
Fixed interest rate agreed to	3.20%
Commercial, construction and home equity loan commitments [Member]
Commitment to extend credit at fixed rates	$ 469,000
Fixed interest rate agreed to	4.15%
Commitment to extend credit at variable rates	$ 7,000,000
Variable interest rate committed to	3.74%
Unused lines of Credit [Member]
Commitments	$ 74,600,000
Unused lines of Credit [Member] \| Home Equity Line of Credit [Member]
Commitments	21,100,000
Unused lines of Credit [Member] \| Cash Overdraft [Member]
Commitments	4,300,000
Unused lines of Credit [Member] \| Commercial and Construction [Member]
Commitments	49,200,000
Standby Letters of Credit [Member]
Commitments	485,000
Credit commitment due to expire in next twelve months	$ 433,000

COMMITMENTS AND CONTINGENCIES89

COMMITMENTS AND CONTINGENCIES (Schedule of Future Minimum Payments on Operating Leases) (Details)	Dec. 31, 2015USD ($)
Minimum annual lease payments operating lease agreements
2,016	$ 677,000
2,017	648,000
2,018	584,000
2,019	513,000
2,020	418,000
Thereafter	1,342,000
Total	$ 4,182,000

INTEREST RATE SWAP (Narrative)

INTEREST RATE SWAP (Narrative) (Details) - USD ($)	12 Months Ended
INTEREST RATE SWAP (Narrative) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
INTEREST RATE SWAP [Abstract]
Interest rate swap, designated as cash flow hedge notional amount	$ 7,000,000
Investment securities securing interest rate swap	997,000
Interest expense	267,000	$ 271,000
Fair value of the interest rate swap	$ (62,000)	$ (314,000)

INTEREST RATE SWAP (Schedule of

INTEREST RATE SWAP (Schedule of Derivative Summary Information) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
INTEREST RATE SWAP [Abstract]
Interest rate swap, designated as cash flow hedge notional amount	$ 7,000,000
Interest rate swap, designated as cash flow hedge pay rate	7.00%
Interest rate swap, designated as cash flow hedge maturity	Mar. 17, 2016
Interest rate swap, designated as cash flow hedge unrealized loss	$ (62,000)
3 month LIBOR [Member]
Derivative [LineItems]
Variable rate basis	3 month LIBOR
Interest rate swap, designated as cash flow hedge receive rate	2.95%

INTEREST RATE SWAP (Schedule 92

INTEREST RATE SWAP (Schedule of Derivatives Recorded in Accumulated Comprehensive Income) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
INTEREST RATE SWAP [Abstract]
Amount of gain (loss) recognized in OCI (Effective Portion)	$ 151,000	$ 147,000
Amount of gain (loss) reclassified from OCI to interest income
Amount of gain (loss) recognized in other noninterest income (Ineffective Portion)

FAIR VALUE OF FINANCIAL INSTR93

FAIR VALUE OF FINANCIAL INSTRUMENTS (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Allowance for loan losses	$ 8,823,000	$ 9,602,000
Allowance for losses on other real estate owned		67,000	$ 29,000
Provision for unrealized losses	$ 218,000	235,000
Discount to real estate appraised values	12.00%
Fair Value, Measurements, Nonrecurring [Member] \| Impaired Loans [Member]
Recorded Investment With an allowance recorded	$ 461,000	1,690,000
Allowance for loan losses	10,000	88,000
Provision for loan losses	16,000	155,000
Fair Value, Measurements, Nonrecurring [Member] \| Other Real Estate Owned [Member]
Recorded Investment With an allowance recorded	880,000	1,375,000
Allowance for losses on other real estate owned	0	67,000
Provision for unrealized losses	$ 170,000	$ 235,000

FAIR VALUE OF FINANCIAL INSTR94

FAIR VALUE OF FINANCIAL INSTRUMENTS (Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Assets, Fair Value
Total available for sale securities	$ 93,354,000	$ 124,918,000
Liabilities, Fair Value
Interest rate swap	62,000	314,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets, Fair Value
Total available for sale securities	$ 3,573,000	$ 3,529,000
Liabilities, Fair Value
Interest rate swap
Significant Other Observable Inputs (Level 2) [Member]
Assets, Fair Value
Total available for sale securities	$ 89,781,000	$ 121,389,000
Liabilities, Fair Value
Interest rate swap	$ 62,000	$ 314,000
Significant Unobservable Inputs (Level 3) [Member]
Assets, Fair Value
Total available for sale securities
Liabilities, Fair Value
Interest rate swap
Carrying Value [Member]
Assets, Fair Value
Total available for sale securities	$ 93,354,000	$ 124,918,000
Liabilities, Fair Value
Interest rate swap	$ 62,000	$ 314,000
Fair Value Measured on a Recurring Basis [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets, Fair Value
U.S. government-sponsored agencies
Obligations of state and political subdivisions
Mortgage-backed securities - residential
Asset backed securities
Corporate bonds
Other equity investments	$ 3,573,000	$ 3,529,000
Total available for sale securities	$ 3,573,000	$ 3,529,000
Liabilities, Fair Value
Interest rate swap
Fair Value Measured on a Recurring Basis [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Assets, Fair Value
U.S. government-sponsored agencies	$ 30,954,000	$ 30,274,000
Obligations of state and political subdivisions	1,410,000	1,400,000
Mortgage-backed securities - residential	45,237,000	76,743,000
Asset backed securities	9,701,000	9,915,000
Corporate bonds	2,419,000	2,997,000
Other equity investments	60,000	60,000
Total available for sale securities	89,781,000	121,389,000
Liabilities, Fair Value
Interest rate swap	$ 62,000	$ 314,000
Fair Value Measured on a Recurring Basis [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Assets, Fair Value
U.S. government-sponsored agencies
Obligations of state and political subdivisions
Mortgage-backed securities - residential
Asset backed securities
Corporate bonds
Other equity investments
Total available for sale securities
Liabilities, Fair Value
Interest rate swap
Fair Value Measured on a Recurring Basis [Member] \| Carrying Value [Member]
Assets, Fair Value
U.S. government-sponsored agencies	$ 30,954,000	$ 30,274,000
Obligations of state and political subdivisions	1,410,000	1,400,000
Mortgage-backed securities - residential	45,237,000	76,743,000
Asset backed securities	9,701,000	9,915,000
Corporate bonds	2,419,000	2,997,000
Other equity investments	3,633,000	3,589,000
Total available for sale securities	93,354,000	124,918,000
Liabilities, Fair Value
Interest rate swap	$ 62,000	$ 314,000

FAIR VALUE OF FINANCIAL INSTR95

FAIR VALUE OF FINANCIAL INSTRUMENTS (Schedule of Assets and Liabilities Measured at Fair Value on Non-recurring Basis) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets, Fair Value
Impaired loans, Fair Value
Significant Other Observable Inputs (Level 2) [Member]
Assets, Fair Value
Impaired loans, Fair Value
Significant Unobservable Inputs (Level 3) [Member]
Assets, Fair Value
Impaired loans, Fair Value	$ 527,479,000	$ 478,451,000
Carrying Value [Member]
Assets, Fair Value
Impaired loans, Fair Value	$ 517,556,000	$ 467,699,000
Fair Value, Measurements, Nonrecurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets, Fair Value
Commercial loan secured by real estate
Commercial real estate
Consumer loan secured by real estate
Other real estate owned.
Impaired loans, Fair Value
Fair Value, Measurements, Nonrecurring [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Assets, Fair Value
Commercial loan secured by real estate
Commercial real estate
Consumer loan secured by real estate
Other real estate owned.
Impaired loans, Fair Value
Fair Value, Measurements, Nonrecurring [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Assets, Fair Value
Commercial loan secured by real estate	$ 367,000	$ 1,348,000
Commercial real estate	84,000	205,000
Consumer loan secured by real estate		49,000
Other real estate owned.	880,000	1,117,000
Impaired loans, Fair Value	1,331,000	2,719,000
Fair Value, Measurements, Nonrecurring [Member] \| Carrying Value [Member]
Assets, Fair Value
Commercial loan secured by real estate	367,000	1,348,000
Commercial real estate	84,000	205,000
Consumer loan secured by real estate		49,000
Other real estate owned.	880,000	1,117,000
Impaired loans, Fair Value	$ 1,331,000	$ 2,719,000

FAIR VALUE OF FINANCIAL INSTR96

FAIR VALUE OF FINANCIAL INSTRUMENTS (Schedule of Fair Value Assumptions for Level 3 Asset Measurements) (Details) - Significant Unobservable Inputs (Level 3) [Member] - Fair Value, Measurements, Nonrecurring [Member] - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Impaired Loans [Member]
Fair value of financial assets	$ 451,000	$ 1,602,000
Valuation Technique1	Comparable real estate sales and / or the income	Comparable real estate sales and / or the income
Unobservable Input	Adjustments for differences between comparable	Adjustments for differences between comparable
Unobservable Input2	Estimated selling costs.	Estimated selling costs.
Range of Unobservable inputs used in fair value & weighting factor2	7.00%	7.00%
Impaired Loans [Member] \| Minimum [Member]
Range of Unobservable inputs used in fair value & weighting factor	5.00%	5.00%
Impaired Loans [Member] \| Maximum [Member]
Range of Unobservable inputs used in fair value & weighting factor	9.00%	25.00%
Other Real Estate Owned [Member]
Fair value of financial assets	$ 990,000	$ 1,117,000
Valuation Technique1	Comparable real estate sales and / or the income approach.	Comparable real estate sales and / or the income approach.
Unobservable Input	Adjustments for differences between comparable sales and income data available.	Adjustments for differences between comparable sales and income data available.
Unobservable Input2	Estimated selling costs.	Estimated selling costs.
Range of Unobservable inputs used in fair value & weighting factor	0.00%
Range of Unobservable inputs used in fair value & weighting factor2	7.00%	7.00%
Other Real Estate Owned [Member] \| Minimum [Member]
Range of Unobservable inputs used in fair value & weighting factor		0.00%
Other Real Estate Owned [Member] \| Maximum [Member]
Range of Unobservable inputs used in fair value & weighting factor		62.00%

FAIR VALUE OF FINANCIAL INSTR97

FAIR VALUE OF FINANCIAL INSTRUMENTS (Schedule of Fair Value Estimates for the Financial Instruments) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Financial assets:
Securities available-for-sale	$ 93,354,000	$ 124,918,000
Securities held to maturity	60,738,000	55,097,000
FHLB-NY stock	2,608,000	3,777,000
Financial liabilities:
Subordinated Debentures and Subordinated Notes	23,186,000	7,217,000
Interest rate swap	62,000	314,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Financial assets:
Cash and cash equivalents	10,910,000	10,086,000
Securities available-for-sale	$ 3,573,000	$ 3,529,000
Securities held to maturity
FHLB-NY stock
Mortgage loans held for sale
Loans, net
Accrued interest receivable	$ 1,000
Financial liabilities:
Deposits	$ 459,327,000	$ 424,117,000
FHLB-NY Advances
Subordinated Debentures and Subordinated Notes
Accrued interest payable	$ 1,000	$ 1,000
Interest rate swap
Significant Other Observable Inputs (Level 2) [Member]
Financial assets:
Cash and cash equivalents
Securities available-for-sale	$ 89,781,000	$ 121,389,000
Securities held to maturity	$ 61,281,000	$ 56,233,000
FHLB-NY stock
Mortgage loans held for sale
Loans, net
Accrued interest receivable	$ 535,000	$ 646,000
Financial liabilities:
Deposits	145,560,000	132,513,000
FHLB-NY Advances	$ 40,222,000	$ 67,087,000
Subordinated Debentures and Subordinated Notes
Accrued interest payable	$ 387,000	$ 288,000
Interest rate swap	$ 62,000	$ 314,000
Significant Unobservable Inputs (Level 3) [Member]
Financial assets:
Cash and cash equivalents
Securities available-for-sale
Securities held to maturity
FHLB-NY stock
Mortgage loans held for sale	$ 1,522,000
Loans, net	527,479,000	$ 478,451,000
Accrued interest receivable	$ 1,432,000	$ 1,348,000
Financial liabilities:
Deposits
FHLB-NY Advances
Subordinated Debentures and Subordinated Notes	$ 23,206,000	$ 7,203,000
Accrued interest payable	$ 403,000	$ 19,000
Interest rate swap
Carrying Value [Member]
Financial assets:
Cash and cash equivalents	$ 10,910,000	$ 10,086,000
Securities available-for-sale	93,354,000	124,918,000
Securities held to maturity	60,738,000	55,097,000
FHLB-NY stock	2,608,000	3,777,000
Mortgage loans held for sale	1,522,000
Loans, net	517,556,000	467,699,000
Accrued interest receivable	1,967,000	1,994,000
Financial liabilities:
Deposits	604,753,000	556,476,000
FHLB-NY Advances	40,000,000	66,700,000
Subordinated Debentures and Subordinated Notes	23,186,000	7,217,000
Accrued interest payable	791,000	308,000
Interest rate swap	$ 62,000	$ 314,000

PARENT COMPANY ONLY (Condensed

PARENT COMPANY ONLY (Condensed Statements of Condition) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Assets
Cash and due from banks	$ 10,731,000	$ 9,849,000
Securities available-for-sale	93,354,000	124,918,000
Accrued interest receivable	1,967,000	1,994,000
Other assets	7,443,000	8,387,000
Total assets	717,888,000	693,551,000
Liabilities and Shareholders' equity
Subordinated Debentures	23,186,000	7,217,000
Total stockholders' equity	47,573,000	58,969,000	$ 53,779,000
Total liabilities and Shareholders' equity	717,888,000	693,551,000
Parent Company [Member]
Assets
Cash and due from banks	1,322,000	253,000
Securities available-for-sale	997,000	989,000
Investment in subsidiary	67,830,000	64,388,000
Accrued interest receivable	2,000	2,000
Other assets	1,076,000	964,000
Total assets	71,227,000	66,596,000
Liabilities and Shareholders' equity
Subordinated Debentures	7,217,000	$ 7,217,000
Subordinated Notes	15,969,000
Other Liabilities	468,000	$ 410,000
Total stockholders' equity	47,573,000	58,969,000
Total liabilities and Shareholders' equity	$ 71,227,000	$ 66,596,000

PARENT COMPANY ONLY (Condense99

PARENT COMPANY ONLY (Condensed Statements of Income) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Interest expense	$ 1,198,000	$ 993,000	$ 842,000	$ 793,000	$ 767,000	$ 791,000	$ 810,000	$ 839,000	$ 3,826,000	$ 3,207,000
Income before income tax expense	1,675,000	1,532,000	1,895,000	1,370,000	2,013,000	803,000	1,077,000	611,000	6,472,000	4,504,000
Tax benefit	614,000	532,000	673,000	453,000	712,000	251,000	351,000	105,000	2,272,000	1,419,000
Net income	$ 1,061,000	1,000,000	1,222,000	917,000	1,301,000	552,000	726,000	506,000	4,200,000	3,085,000
Dividends on preferred stock and accretion		114,000	171,000	171,000	171,000	170,000	171,000	171,000	456,000	683,000
Net income available to common shareholders	$ 1,061,000	$ 886,000	$ 1,051,000	$ 746,000	$ 1,130,000	$ 382,000	$ 555,000	$ 335,000	3,744,000	2,402,000
Parent Company [Member]
Interest income - securities available-for-sale									15,000	15,000
Dividend income									1,713,000	1,610,000
Other Income									7,000	7,000
Total Income									1,735,000	1,632,000
Interest expense									908,000	504,000
Other expenses									318,000	306,000
Total expenses									1,226,000	810,000
Income before income tax expense									509,000	822,000
Tax benefit									(408,000)	(266,000)
Income (loss) before equity in undistributed earnings of subsidiary									917,000	1,088,000
Equity in undistributed earnings of subsidiary									3,283,000	1,997,000
Net income									4,200,000	3,085,000
Dividends on preferred stock and accretion									456,000	683,000
Net income available to common shareholders									$ 3,744,000	$ 2,402,000

PARENT COMPANY ONLY (Condens100

PARENT COMPANY ONLY (Condensed Statements of Cash Flows) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income	$ 1,061,000	$ 1,000,000	$ 1,222,000	$ 917,000	$ 1,301,000	$ 552,000	$ 726,000	$ 506,000	$ 4,200,000	$ 3,085,000
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of Subordinated Notes issuance cost									21,000
Gains on calls of securities									(169,000)	$ (165,000)
Decrease in accrued interest receivable									27,000	72,000
Increase in other assets									395,000	300,000
Increase in other liabilities									(2,146,000)	1,808,000
Cash flows from financing activities:
Cash dividends paid on common stock									(486,000)	(300,000)
Cash dividends paid on preferred stock									(456,000)	$ (683,000)
Redemption of SBLF									(15,000,000)
Payment of discount on dividend reinvestment plan									3,000	$ 2,000
Proceeds from issuance of Subordinated Notes									15,948,000
Issuance of common stock									142,000	$ 188,000
Net increase (decrease) in cash and cash equivalents									824,000	(7,319,000)
Cash and cash equivalents - beginning				10,086,000				17,405,000	10,086,000	17,405,000
Cash and cash equivalents - ending	10,910,000				10,086,000				10,910,000	10,086,000
Parent Company [Member]
Cash flows from operating activities:
Net income									4,200,000	3,085,000
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiary									(3,283,000)	$ (1,997,000)
Amortization of Subordinated Notes issuance cost									21,000
Increase in other assets									(114,000)	$ (276,000)
Increase in other liabilities									209,000	7,000
Net cash provided by operating activities									1,033,000	819,000
Cash flows from financing activities:
Cash dividends paid on common stock									(486,000)	(300,000)
Cash dividends paid on preferred stock									(456,000)	$ (683,000)
Redemption of SBLF									(15,000,000)
Payment of discount on dividend reinvestment plan									(3,000)	$ (2,000)
Restricted stock-forfeited									(109,000)
Proceeds from issuance of Subordinated Notes									15,948,000
Issuance of common stock									142,000	$ 188,000
Net cash provided by (used in) financing activities									36,000	(797,000)
Net increase (decrease) in cash and cash equivalents									1,069,000	22,000
Cash and cash equivalents - beginning				$ 253,000				$ 231,000	253,000	231,000
Cash and cash equivalents - ending	$ 1,322,000				$ 253,000				$ 1,322,000	$ 253,000

ACCUMULATED OTHER COMPREHENS101

ACCUMULATED OTHER COMPREHENSIVE INCOME (Schedule of Components of Comprehensive Income (Loss) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
ACCUMULATED OTHER COMPREHENSIVE INCOME [Abstract]
Net income, gross	$ 1,675,000	$ 1,532,000	$ 1,895,000	$ 1,370,000	$ 2,013,000	$ 803,000	$ 1,077,000	$ 611,000	$ 6,472,000	$ 4,504,000
Net income, tax effect	(614,000)	(532,000)	(673,000)	(453,000)	(712,000)	(251,000)	(351,000)	(105,000)	(2,272,000)	(1,419,000)
Net income	$ 1,061,000	$ 1,000,000	$ 1,222,000	$ 917,000	$ 1,301,000	$ 552,000	$ 726,000	$ 506,000	4,200,000	3,085,000
Other comprehensive income:
Change in unrealized holding gains (losses) on securities available for sale, gross									(194,000)	5,162,000
Change in unrealized holding gains (losses) on securities available for sale, tax effect									78,000	(2,000,000)
Change in unrealized holding gains (losses) on securities available for sale, net									(116,000)	3,162,000
Reclassification adjustment for gains in net income, gross									(169,000)	(165,000)
Reclassification adjustment for gains in net income, tax effect									67,000	66,000
Reclassification adjustment for gains in net income, net									$ (102,000)	(99,000)
Loss on securities reclassified from available-to-sale to held to maturity, gross										(742,000)
Loss on securities reclassified from available-to-sale to held to maturity, tax effect										285,000
Loss on securities reclassified from available-to-sale to held to maturity, net										(457,000)
Accretion of loss on securities reclassified to held to maturity, gross									$ 290,000	130,000
Accretion of loss on securities reclassified to held to maturity, tax effect									(111,000)	(50,000)
Accretion of loss on securities reclassified to held to maturity, net									179,000	80,000
Change in fair value of interest rate swap, gross									251,000	246,000
Change in fair value of interest rate swap, tax effect									(100,000)	(99,000)
Change in fair value of interest rate swap, net									151,000	147,000
Total other comprehensive income , gross									178,000	4,631,000
Total other comprehensive income, tax effect									(66,000)	(1,798,000)
Total other comprehensive income									112,000	2,833,000
Total comprehensive income, gross									6,650,000	9,135,000
Total comprehensive income, tax effect									(2,338,000)	(3,217,000)
Total comprehensive income									$ 4,312,000	$ 5,918,000

ACCUMULATED OTHER COMPREHENS102

ACCUMULATED OTHER COMPREHENSIVE INCOME (Schedule of Components of Accumulated Other Comprehensive Income) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Unrealized gains and losses on available for sale (AFS) securities
Balance at the beginning	$ (957,000)	$ (3,790,000)
Other comprehensive income (loss) before reclassifications	214,000	2,932,000
Amounts reclassified from other comprehensive income	(102,000)	(99,000)
Other comprehensive income (loss), net	112,000	2,833,000
Balance at the end	(845,000)	(957,000)
Unrealized Gains (Losses) on Available for Sale Securities [Member]
Unrealized gains and losses on available for sale (AFS) securities
Balance at the beginning	(392,000)	(3,455,000)
Other comprehensive income (loss) before reclassifications	(116,000)	3,162,000
Amounts reclassified from other comprehensive income	(102,000)	(99,000)
Other comprehensive income (loss), net	(218,000)	3,063,000
Balance at the end	(610,000)	$ (392,000)
Loss on securities Reclassified from AFS to HTM [Member]
Unrealized gains and losses on available for sale (AFS) securities
Balance at the beginning	(377,000)
Other comprehensive income (loss) before reclassifications	$ 179,000	$ (377,000)
Amounts reclassified from other comprehensive income
Other comprehensive income (loss), net	$ 179,000	$ (377,000)
Balance at the end	(198,000)	(377,000)
Unrealized Gains Losses on Derivatives [Member]
Unrealized gains and losses on available for sale (AFS) securities
Balance at the beginning	(188,000)	(335,000)
Other comprehensive income (loss) before reclassifications	$ 151,000	$ 147,000
Amounts reclassified from other comprehensive income
Other comprehensive income (loss), net	$ 151,000	$ 147,000
Balance at the end	$ (37,000)	$ (188,000)

ACCUMULATED OTHER COMPREHENS103

ACCUMULATED OTHER COMPREHENSIVE INCOME (Schedule of Amount Reclassified from each Component of Accumulated Other Comprehensive Income) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
ACCUMULATED OTHER COMPREHENSIVE INCOME [Abstract]
Unrealized gains on AFS securities before tax	$ 169,000	$ 165,000
Tax effect	(67,000)	(66,000)
Reclassification adjustment for gains in net income, net	102,000	99,000
Total reclassifications, net of tax	$ 102,000	$ 99,000

QUARTERLY FINANCIAL DATA (Un104

QUARTERLY FINANCIAL DATA (Unaudited) (Schedule of Quarterly Financial Data) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
QUARTERLY FINANCIAL DATA (Unaudited) [Abstract]
Interest income	$ 6,643,000	$ 6,412,000	$ 6,360,000	$ 6,194,000	$ 6,534,000	$ 6,069,000	$ 6,186,000	$ 6,145,000	$ 25,609,000	$ 24,934,000
Interest expense	1,198,000	993,000	842,000	793,000	767,000	791,000	810,000	839,000	3,826,000	3,207,000
Net interest income before provision for loan losses	5,445,000	5,419,000	5,518,000	5,401,000	5,767,000	5,278,000	$ 5,376,000	$ 5,306,000	21,783,000	21,727,000
Provision for loan losses	(275,000)	(400,000)	(600,000)	(100,000)	(300,000)	250,000			(1,375,000)	(50,000)
Net interest income after provision for loan losses	5,720,000	5,819,000	6,118,000	5,501,000	6,067,000	5,028,000	$ 5,376,000	$ 5,306,000	23,158,000	21,777,000
Noninterest income	855,000	838,000	882,000	918,000	990,000	764,000	807,000	399,000	3,493,000	2,960,000
Noninterest expenses	4,900,000	5,125,000	5,105,000	5,049,000	5,044,000	4,989,000	5,106,000	5,094,000	20,179,000	20,233,000
Income before income tax expense	1,675,000	1,532,000	1,895,000	1,370,000	2,013,000	803,000	1,077,000	611,000	6,472,000	4,504,000
Income tax expense (benefit)	614,000	532,000	673,000	453,000	712,000	251,000	351,000	105,000	2,272,000	1,419,000
Net income	$ 1,061,000	1,000,000	1,222,000	917,000	1,301,000	552,000	726,000	506,000	4,200,000	3,085,000
Dividends on preferred stock		114,000	171,000	171,000	171,000	170,000	171,000	171,000	456,000	683,000
Net income available to common shareholders	$ 1,061,000	$ 886,000	$ 1,051,000	$ 746,000	$ 1,130,000	$ 382,000	$ 555,000	$ 335,000	$ 3,744,000	$ 2,402,000
Basic and diluted earnings per share	$ 0.17	$ 0.15	$ 0.17	$ 0.12	$ 0.19	$ 0.06	$ 0.09	$ 0.06	$ 0.62	$ 0.40