Stewardship Financial (SSFN) 10-Q 16 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 13, 2016
Document And Entity Information
Entity Registrant Name	STEWARDSHIP FINANCIAL CORP
Entity Central Index Key	1,023,860
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
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 Common Stock, Shares Outstanding		6,108,986
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 13,012,000	$ 10,731,000
Other interest-earning assets	307,000	179,000
Cash and cash equivalents	13,319,000	10,910,000
Securities available-for-sale	97,637,000	93,354,000
Securities held to maturity; estimated fair value of $63,447,000 (2016) and $61,281,000 (2015)	62,427,000	60,738,000
Federal Home Loan Bank of New York stock, at cost	2,608,000	2,608,000
Loans held for sale	783,000	1,522,000
Loans, net of allowance for loan losses of $8,540,000 (2016) and $8,823,000 (2015)	519,407,000	517,556,000
Premises and equipment, net	6,726,000	6,799,000
Accrued interest receivable	2,017,000	1,967,000
Other real estate owned, net	1,013,000	880,000
Bank owned life insurance	14,212,000	14,111,000
Other assets	6,508,000	7,443,000
Total assets	726,657,000	717,888,000
Deposits:
Noninterest-bearing	154,201,000	147,828,000
Interest-bearing	458,225,000	456,925,000
Total deposits	612,426,000	604,753,000
Federal Home Loan Bank of New York advances	40,000,000	40,000,000
Subordinated Debentures and Subordinated Notes	23,203,000	23,186,000
Accrued interest payable	494,000	791,000
Accrued expenses and other liabilities	1,342,000	1,585,000
Total liabilities	677,465,000	670,315,000
Shareholders' equity
Common stock, no par value; 10,000,000 shares authorized; 6,113,213 shares issued and outstanding at March 31, 2016 and 6,113,213 and 6,085,528 shares issued and outstanding at December 31, 2015.	41,574,000	41,410,000
Retained earnings	7,724,000	7,008,000
Accumulated other comprehensive (loss), net	(106,000)	(845,000)
Total Shareholders' equity	49,192,000	47,573,000
Total liabilities and Shareholders' equity	$ 726,657,000	$ 717,888,000

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parenthetical) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Assets
Securities held to maturity	$ 63,447,000	$ 61,281,000
Allowance for loan losses	$ 8,540,000	$ 8,823,000
Shareholders' equity
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	6,113,213	6,113,213
Common stock, shares outstanding	6,113,213	6,085,528

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest income:
Loans	$ 5,652,000	$ 5,446,000
Securities held to maturity:
Taxable	270,000	213,000
Nontaxable	103,000	130,000
Securities available-for-sale:
Taxable	377,000	362,000
Nontaxable	6,000	6,000
FHLB dividends	32,000	30,000
Other interest-earning assets	9,000	7,000
Total interest income	6,449,000	6,194,000
Interest expense:
Deposits	557,000	452,000
FHLB-NY Borrowings	203,000	217,000
Subordinated Debentures and Subordinated Notes	413,000	124,000
Total interest expense	1,173,000	793,000
Net interest income before provision for loan losses	5,276,000	5,401,000
Provision for loan losses	(350,000)	(100,000)
Net interest income after provision for loan losses	5,626,000	5,501,000
Noninterest income:
Fees and service charges	529,000	479,000
Bank owned life insurance	101,000	96,000
Gain on calls and sales of securities, net	24,000	152,000
Gain on sales of mortgage loans	$ 18,000	10,000
Gain on sale of other real estate owned		53,000
Miscellaneous	$ 147,000	128,000
Total noninterest income	819,000	918,000
Noninterest expenses:
Salaries and employee benefits	2,715,000	2,708,000
Occupancy, net	398,000	467,000
Equipment	150,000	156,000
Data processing	472,000	453,000
Advertising	151,000	212,000
FDIC insurance premium	106,000	113,000
Charitable contributions	70,000	70,000
Stationery and supplies	33,000	43,000
Legal	44,000	88,000
Bank-card related services	131,000	123,000
Other real estate owned	74,000	86,000
Miscellaneous	558,000	530,000
Total noninterest expenses	4,902,000	5,049,000
Income before income tax expense	1,543,000	1,370,000
Income tax expense	552,000	453,000
Net income	$ 991,000	917,000
Dividends on preferred stock		171,000
Net income available to common shareholders	$ 991,000	$ 746,000
Basic and diluted earnings per common share	$ 0.16	$ 0.12
Weighted average number of basic and diluted common shares outstanding	6,092,351	6,045,683

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Consolidated Statements of Comprehensive Income [Abstract]
Net income	$ 991,000	$ 917,000
Other comprehensive income (loss), net of tax:
Change in unrealized holding gains (losses) on securities available for sale	672,000	463,000
Reclassification adjustment for gains in net income	(15,000)	(91,000)
Accretion of loss on securities reclassified to held to maturity	45,000	87,000
Change in fair value of interest rate swap	37,000	34,000
Total other comprehensive income	739,000	493,000
Total comprehensive income	$ 1,730,000	$ 1,410,000

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, 2014	$ 58,969,000	$ 14,984,000	$ 41,125,000	$ 3,817,000	$ (957,000)
Balance beginning, shares at Dec. 31, 2014			6,034,933
Cash dividends declared on common stock	(121,000)			$ (121,000)
Payment of discount on dividend reinvestment plan	(1,000)		$ (1,000)
Cash dividends declared on preferred stock	(171,000)			$ (171,000)
Common stock issued under dividend reinvestment plan	15,000		$ 15,000
Common stock issued under dividend reinvestment plan, shares			2,970
Common stock issued under stock plans	$ 14,000		$ 14,000
Common stock issued under stock plans, shares			3,059
Issuance of restricted stock			$ 279,000	$ (279,000)
Issuance of restricted stock, shares			50,974
Amortization of restricted stock, net	$ (6,000)		$ (38,000)	$ 32,000
Amortization of restricted stock, net, shares			(7,062)
Tax benefit from restricted stock vesting	$ 3,000		$ 3,000
Amortization of issuance costs		$ 2,000		$ (2,000)
Net income	$ 917,000			$ 917,000
Other comprehensive income	493,000				$ 493,000
Balance ending at Mar. 31, 2015	60,112,000	$ 14,986,000	$ 41,397,000	$ 4,193,000	(464,000)
Balance ending, shares at Mar. 31, 2015			6,084,874
Balance beginning at Dec. 31, 2015	$ 47,573,000		$ 41,410,000	7,008,000	$ (845,000)
Balance beginning, shares at Dec. 31, 2015	6,085,528		6,085,528
Cash dividends declared on common stock	$ (122,000)			$ (122,000)
Payment of discount on dividend reinvestment plan	(1,000)		$ (1,000)
Common stock issued under dividend reinvestment plan	15,000		$ 15,000
Common stock issued under dividend reinvestment plan, shares			2,656
Common stock issued under stock plans	$ 10,000		$ 10,000
Common stock issued under stock plans, shares			1,761
Issuance of restricted stock			$ 198,000	$ (198,000)
Issuance of restricted stock, shares			34,332
Amortization of restricted stock, net	$ (18,000)		$ (63,000)	$ 45,000
Amortization of restricted stock, net, shares			(11,064)
Tax benefit from restricted stock vesting	5,000		$ 5,000
Net income	991,000			$ 991,000
Other comprehensive income	739,000				$ 739,000
Balance ending at Mar. 31, 2016	$ 49,192,000		$ 41,574,000	$ 7,724,000	$ (106,000)
Balance ending, shares at Mar. 31, 2016	6,113,213		6,113,213

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 991,000	$ 917,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	95,000	81,000
Amortization of premiums and accretion of discounts, net	150,000	180,000
Amortization of restricted stock	(18,000)	$ (6,000)
Amortization of subordinated debenture issuance costs	17,000
Accretion (amortization) of deferred loan fees	8,000	$ 10,000
Provision for loan losses	(350,000)	(100,000)
Originations of mortgage loans held for sale	(1,058,000)	(1,328,000)
Proceeds from sale of mortgage loans	1,815,000	540,000
Gain on sales of mortgage loans	(18,000)	(10,000)
Gain on calls and sales of securities	$ (24,000)	(152,000)
Gain on sale of other real estate owned		(53,000)
Deferred income tax (benefit) expense	$ 228,000	(873,000)
Increase in accrued interest receivable	(50,000)	127,000
Decrease in accrued interest payable	(297,000)	(2,000)
Earnings on bank owned life insurance	(101,000)	(96,000)
Decrease in other assets	294,000	906,000
Decrease in other liabilities	(206,000)	(982,000)
Net cash provided by (used in) operating activities	1,476,000	(841,000)
Cash flows from investing activities:
Purchase of securities available-for-sale	(8,409,000)	(27,000)
Proceeds from maturities and principal repayments on securities available-for-sale	3,039,000	3,163,000
Proceeds from sales and calls on securities available-for-sale	2,050,000	27,845,000
Purchase of securities held to maturity	(9,499,000)	(7,149,000)
Proceeds from maturities and principal repayments on securities held to maturity	1,516,000	3,429,000
Proceeds from calls on securities held to maturity	$ 6,340,000	3,100,000
Sale of FHLB-NY stock		751,000
Net increase in loans	$ (1,662,000)	(12,691,000)
Proceeds from sale of other real estate owned		1,041,000
Additions to premises and equipment	$ (22,000)	(557,000)
Net cash provided by (used in) investing activities	(6,647,000)	18,905,000
Cash flows from financing activities:
Net increase in noninterest-bearing deposits	6,373,000	4,685,000
Net increase in interest-bearing deposits	$ 1,300,000	5,161,000
Decrease in long term borrowings		(16,700,000)
Cash dividends paid on common stock	$ (122,000)	(121,000)
Cash dividends paid on preferred stock		(171,000)
Payment of discount on dividend reinvestment plan	$ (1,000)	(1,000)
Issuance of common stock for cash	25,000	29,000
Tax benefit from restricted stock vesting	5,000	3,000
Net cash provided by (used in) financing activities	7,580,000	(7,115,000)
Net increase in cash and cash equivalents	2,409,000	10,949,000
Cash and cash equivalents - beginning	10,910,000	10,086,000
Cash and cash equivalents - ending	13,319,000	21,035,000
Supplemental disclosures of cash flow information:
Cash paid during the period for interest	1,470,000	795,000
Cash paid during the period for income taxes	39,000	$ 30,000
Transfers from loans to other real estate owned	$ 153,000

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1. Certain information and note disclosures normally included in the unaudited consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Stewardship Financial Corporation Annual Report on Form 10-K for the fiscal year ended December 31, 2015, filed with the SEC on March 24, 2016 (the “2015 Annual Report”). The interim unaudited consolidated financial statements included herein have been prepared in accordance with instructions for Form 10-Q and the rules and regulations of the SEC and, therefore, do not include information or footnotes necessary for a complete presentation of consolidated financial condition, results of operations, and cash flows in conformity with GAAP. However, all adjustments, consisting only of normal recurring adjustments, which in the opinion of management are necessary for a fair presentation of the interim consolidated financial statements, have been included. The results of operations for the three months ended March 31, 2016 are not necessarily indicative of the results which may be expected for the entire year. 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 consolidated financial statements of the Corporation have been prepared in conformity with Material estimates Material estimates that are particularly susceptible to significant changes relate to the determination of the allowance for loan losses and deferred income taxes. Management believes the Corporation's policies with respect to the methodology for the determination of the allowance for loan losses and the evaluation of deferred income taxes involves a higher degree of complexity and requires management to make difficult and subjective judgments, which often require assumptions or estimates about highly uncertain matters. Changes in these judgments, assumptions or estimates could materially impact results of operations. These critical policies and their application are periodically reviewed with the Audit Committee and the Board of Directors. Adoption of New Accounting Standards In April 2015, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2015-03, “Interest – Imputation of Interest (Subtopic 835-30) – Simplifying the Presentation of Debt Issuance Costs.” This ASU is part of the FASB's initiative to reduce complexity in accounting standards. 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. The amendments in ASU 2015-03 are effective for fiscal years, including interim periods, beginning after December 15, 2015. The adoption of the amendments in this standard did not have a material impact on the Corporation's consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, "Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Liabilities." This ASU addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. This amendment supersedes the guidance to classify equity securities with readily determinable fair values into different categories, requires equity securities to be measured at fair value with changes in the fair value recognized through net income, and simplifies the impairment assessment of equity investments without readily determinable fair values. The amendment requires public business entities that are required to disclose the fair value of financial instruments measured at amortized cost on the balance sheet to measure that fair value using the exit price notion. The amendment requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option. The amendment requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or in the accompanying notes to the financial statements. The amendment reduces diversity in current practice by clarifying that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available for sale securities in combination with the entity's other deferred tax assets. This amendment is effective for fiscal years, including interim periods, beginning after December 15, 2017. Entities should apply the amendment by means of a cumulative-effect adjustment as of the beginning of the fiscal year of adoption, with the exception of the amendment related to equity securities without readily determinable fair values, which should be applied prospectively to equity investments that exist as of the date of adoption. The Corporation intends to adopt the accounting standard during the first quarter of 2018, and is currently evaluating the impact that the adoption of the guidance will have on the Corporation's consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Subtopic 842).” In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”.

Securities - Available-for-Sale

Securities - Available-for-Sale and Held to Maturity	3 Months Ended
	Mar. 31, 2016
Securities - Available-for-Sale and Held to Maturity [Abstract]
Securities - Available-for-Sale and Held to Maturity	Note 2. Securities – Available-for-Sale and Held to Maturity The fair value of the available-for-sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income were as follows: March 31, 2016 Amortized Gross Unrealized Fair Cost Gains Losses Value U.S. government-sponsored agencies $ 35,238,000 $ 141,000 $ 73,000 $ 35,306,000 Obligations of state and political subdivisions 1,409,000 17,000 — 1,426,000 Mortgage-backed securities - residential 44,850,000 443,000 77,000 45,216,000 Asset-backed securities (a) 9,767,000 — 197,000 9,570,000 Corporate debt 2,500,000 10,000 91,000 2,419,000 Total debt securities 93,764,000 611,000 438,000 93,937,000 Other equity investments 3,806,000 — 106,000 3,700,000 $ 97,570,000 $ 611,000 $ 544,000 $ 97,637,000 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 (a) Collateralized by student loans Cash proceeds realized from sales and calls of securities available-for-sale for the three months ended March 31, 2016 were $ 2,050,000 27,845,000 no no 213,000 61,000 The following is a summary of the held to maturity securities and related gross unrealized gains and losses: March 31, 2016 Amortized Gross Unrealized Fair Cost Gains Losses Value U.S. Treasury $ 999,000 $ 12,000 $ — $ 1,011,000 U.S. government-sponsored agencies 18,684,000 153,000 — 18,837,000 Obligations of state and political subdivisions 10,698,000 218,000 — 10,916,000 Mortgage-backed securities - residential 32,046,000 650,000 13,000 32,683,000 $ 62,427,000 $ 1,033,000 $ 13,000 $ 63,447,000 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 Cash proceeds realized from calls of securities held to maturity for the three months ended March 31, 2016 were $ 6,340,000 3,100,000 There were gross gains totaling $ 24,000 no no no 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 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. 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. 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. March 31, 2016 Amortized Fair Cost Value Available-for-sale Within one $ 501,000 $ 502,000 After one five 10,780,000 10,785,000 After five ten 21,516,000 21,566,000 After ten 6,350,000 6,298,000 Mortgage-backed securities - residential 44,850,000 45,216,000 Asset-backed securities 9,767,000 9,570,000 Total $ 93,764,000 $ 93,937,000 Held to maturity Within one $ 3,128,000 $ 3,162,000 After one five 9,071,000 9,290,000 After five ten 17,232,000 17,316,000 After ten 950,000 996,000 Mortgage-backed securities - residential 32,046,000 32,683,000 Total $ 62,427,000 $ 63,447,000 The following tables summarize the fair value and unrealized losses of those investment securities which reported an unrealized loss at March 31, 2016 and December 31, 2015, and if the unrealized loss position was continuous for the twelve Available-for-Sale March 31, 2016 Less than 12 12 Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses U.S. government- sponsored agencies $ 5,477,000 $ (21,000 ) $ 6,298,000 $ (52,000 ) $ 11,775,000 $ (73,000 ) Obligations of state and political subdivisions — — — — — — Mortgage-backed securities - residential 5,448,000 (2,000 ) 8,220,000 (75,000 ) 13,668,000 (77,000 ) Asset-backed securities 6,658,000 (82,000 ) 2,912,000 (115,000 ) 9,570,000 (197,000 ) Corporate debt — — 1,409,000 (91,000 ) 1,409,000 (91,000 ) Other equity investments — — 3,640,000 (106,000 ) 3,640,000 (106,000 ) Total temporarily impaired securities $ 17,583,000 $ (105,000 ) $ 22,479,000 $ (439,000 ) $ 40,062,000 $ (544,000 ) December 31, 2015 Less than 12 12 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 ) Held to Maturity March 31, 2016 Less than 12 12 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 1,578,000 (9,000 ) 1,025,000 (4,000 ) 2,603,000 (13,000 ) Total temporarily impaired securities $ 1,578,000 $ (9,000 ) $ 1,025,000 $ (4,000 ) $ 2,603,000 $ (13,000 ) December 31, 2015 Less than 12 12 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 ) Other-Than-Temporary-Impairment At March 31, 2016, there were available-for-sale investments comprising three nine one two one twelve two twelve In making this determination management considered the following factors in estimating the cash flows expected to be collected from the security: 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 expects to collect all amounts contractually due and none of the debt securities can be prepaid at less than the par values. Management does not intend to sell these securities in an unrealized loss position and it is not more likely than not that we 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	3 Months Ended
	Mar. 31, 2016
Loans and Allowance for Loan Losses [Abstract]
Loans and Allowance for Loan Losses	Note 3. Loans and Allowance for Loan Losses At March 31, 2016 and December 31, 2015, respectively, the loan portfolio consisted of the following: March 31, December 31, 2016 2015 Commercial: Secured by real estate $ 40,148,000 $ 37,993,000 Other 28,780,000 26,867,000 Commercial real estate 334,478,000 334,489,000 Commercial construction 4,944,000 4,609,000 Residential real estate 79,563,000 82,955,000 Consumer: Secured by real estate 28,981,000 29,224,000 Other 555,000 580,000 Government Guaranteed Loans - guaranteed portion 10,460,000 9,626,000 Other 102,000 134,000 Total gross loans 528,011,000 526,477,000 Less: Deferred loan costs (fees), net 64,000 98,000 Allowance for loan losses 8,540,000 8,823,000 8,604,000 8,921,000 Loans, net $ 519,407,000 $ 517,556,000 The Corporation has purchased the guaranteed portion of several government guaranteed loans. Due to the guarantee of the principal amount of these loans, no At March 31, 2016 and December 31, 2015, loan participations sold by the Corporation to other lending institutions totaled approximately $ 8,390,000 8,527,000 Activity in the allowance for loan losses is summarized as follows: For the three months ended March 31, 2016 Balance, Provision Recoveries Balance, beginning charged Loans of loans end of period to operations charged off charged off of period Commercial $ 3,698,000 $ (16,000 ) $ (2,000 ) $ 40,000 $ 3,720,000 Commercial real estate 4,660,000 (275,000 ) — 28,000 4,413,000 Commercial construction 114,000 (2,000 ) — — 112,000 Residential real estate 109,000 (3,000 ) — — 106,000 Consumer 118,000 — — 1,000 119,000 Other loans 3,000 (2,000 ) — — 1,000 Unallocated 121,000 (52,000 ) — — 69,000 Total $ 8,823,000 $ (350,000 ) $ (2,000 ) $ 69,000 $ 8,540,000 For the three months ended March 31, 2015 Balance, Provision Recoveries Balance, beginning charged Loans of loans end of period to operations charged off charged off of period Commercial $ 3,704,000 $ 162,000 $ (271,000 ) $ 108,000 $ 3,703,000 Commercial real estate 5,017,000 72,000 — 27,000 5,116,000 Commercial construction 150,000 (277,000 ) — 233,000 106,000 Residential real estate 142,000 4,000 — — 146,000 Consumer 189,000 (39,000 ) — 1,000 151,000 Other loans 2,000 (2,000 ) — — — Unallocated 398,000 (20,000 ) — — 378,000 Total $ 9,602,000 $ (100,000 ) $ (271,000 ) $ 369,000 $ 9,600,000 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 March 31, 2016 and December 31, 2015. March 31, 2016 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 $ 71,000 $ 730,000 $ — $ — $ — $ — $ — $ — $ 801,000 Collectively evaluated for impairment 3,649,000 3,683,000 112,000 106,000 119,000 — 1,000 69,000 7,739,000 Total ending allowance balance $ 3,720,000 $ 4,413,000 $ 112,000 $ 106,000 $ 119,000 $ — $ 1,000 $ 69,000 $ 8,540,000 Loans: Loans individually evaluated for impairment $ 2,846,000 $ 8,890,000 $ — $ — $ 84,000 $ — $ — $ — $ 11,820,000 Loans collectively evaluated for impairment 66,082,000 325,588,000 4,944,000 79,563,000 29,452,000 10,460,000 102,000 — 516,191,000 Total ending loan balance $ 68,928,000 $ 334,478,000 $ 4,944,000 $ 79,563,000 $ 29,536,000 $ 10,460,000 $ 102,000 $ — $ 528,011,000 December 31, 2015 Commercial Commercial Residential Gov't 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 $ 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 The following table presents the recorded investment in nonaccrual loans at the dates indicated: March 31, December 31, 2016 2015 Commercial: Secured by real estate $ 917,000 $ 1,300,000 Other 13,000 14,000 Commercial real estate 1,290,000 484,000 Consumer: Secured by real estate 84,000 84,000 Total nonaccrual loans $ 2,304,000 $ 1,882,000 At March 31, 2016 and December 31, 2015, there were no The following table presents loans individually evaluated for impairment by class of loan at and for the periods indicated: At and for the three months ended March 31, 2016 Unpaid Allowance for Average Interest Principal Recorded Loan Losses Recorded Income Balance Investment Allocated Investment Recognized With no Commercial: Secured by real estate $ 2,839,000 $ 2,348,000 $ 2,539,000 $ 24,000 Other — — 69,000 — Commercial real estate 3,124,000 3,143,000 3,013,000 30,000 Consumer: Secured by real estate 84,000 84,000 84,000 — With an allowance recorded: Commercial: Secured by real estate 193,000 193,000 $ 69,000 251,000 2,000 Other 305,000 305,000 2,000 240,000 5,000 Commercial real estate 5,750,000 5,747,000 730,000 5,487,000 57,000 $ 12,295,000 $ 11,820,000 $ 801,000 $ 11,683,000 $ 118,000 During the three months ended March 31, 2016, no At and for the year ended December 31, 2015 Unpaid Allowance for Average Interest Principal Recorded Loan Losses Recorded Income Balance Investment Allocated Investment Recognized With no 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 $ 12,502,000 $ 11,545,000 $ 719,000 $ 13,551,000 $ 535,000 During the year ended December 31, 2015, no The following table presents the aging of the recorded investment in past due loans by class of loans as of March 31, 2016 and December 31, 2015. Nonaccrual loans are included in the disclosure by payment status. March 31, 2016 Greater than Loans 30 59 60 89 90 Total Not Past Due Past Due Past Due Past Due Past Due Total Commercial: Secured by real estate $ 283,000 $ — $ 633,000 $ 916,000 $ 39,232,000 $ 40,148,000 Other — — — — 28,780,000 28,780,000 Commercial real estate — — 271,000 271,000 334,207,000 334,478,000 Commercial construction — — — — 4,944,000 4,944,000 Residential real estate — — — — 79,563,000 79,563,000 Consumer: Secured by real estate 9,000 — 84,000 93,000 28,888,000 28,981,000 Other 7,000 — — 7,000 548,000 555,000 Government Guaranteed — — — — 10,460,000 10,460,000 Other — — — — 102,000 102,000 Total $ 299,000 $ — $ 988,000 $ 1,287,000 $ 526,724,000 $ 528,011,000 December 31, 2015 Greater than Loans 30 59 60 89 90 Total Not Past Due Past Due Past Due Past 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 Guaranteed — — — — 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 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 under the Corporation's internal underwriting policy. A loan is considered to be in payment default once it is contractually 90 At March 31, 2016 and December 31, 2015, the Corporation had $ 10.1 10.2 9.5 9.7 695,000 708,000 138,000 There are no twelve There were no Credit Quality Indicators The Corporation categorizes certain 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 no 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 March 31, 2016 and December 31, 2015, and based on the most recent analysis performed at those times, the risk category of loans by class is as follows: March 31, 2016 Special Pass Mention Substandard Doubtful Loss Total Commercial: Secured by real estate $ 37,844,000 $ 1,387,000 $ 917,000 $ — $ — $ 40,148,000 Other 27,651,000 740,000 389,000 — — 28,780,000 Commercial real estate 326,543,000 3,426,000 4,509,000 — — 334,478,000 Commercial construction 4,944,000 — — — — 4,944,000 Total $ 396,982,000 $ 5,553,000 $ 5,815,000 $ — $ — $ 408,350,000 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 The Corporation considers the performance of the loan portfolio and its impact on the allowance for loans losses. For residential real estate and consumer loan segments, the Corporation also evaluates credit quality based on payment activity. The following table presents the recorded investment in residential real estate and consumer loans based on payment activity as of March 31, 2016 and December 31, 2015. March 31, 2016 Past Due and Current Nonaccrual Total Residential real estate $ 79,563,000 $ — $ 79,563,000 Consumer: Secured by real estate 27,584,000 1,397,000 28,981,000 Other 548,000 7,000 555,000 Total $ 107,695,000 $ 1,404,000 $ 109,099,000 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

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2016
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	Note 4. 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) for 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 3 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 in Significant Active Markets Other Significant for Identical Observable Unobservable Carrying Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) At March 31, 2016 Assets: Available-for-sale securities U.S. government - sponsored agencies $ 35,306,000 $ — $ 35,306,000 $ — Obligations of state and political subdivisions 1,426,000 — 1,426,000 — Mortgage-backed securities - residential 45,216,000 — 45,216,000 — Asset-backed securities 9,570,000 — 9,570,000 — Corporate debt 2,419,000 — 2,419,000 — Other equity investments 3,700,000 3,640,000 60,000 — Total available-for- sale securities $ 97,637,000 $ 3,640,000 $ 93,997,000 $ — At 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 debt 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 $ — There were no no 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 in Significant Active Markets Other Significant for Identical Observable Unobservable Carrying Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) At March 31, 2016 Assets: Impaired loans Commercial: Secured by real estate $ 850,000 $ — $ — $ 850,000 Other Real Estate Owned 431,000 — — 431,000 $ 1,281,000 $ — $ — $ 1,281,000 At 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 Collateral-dependent impaired loans measured for impairment using the fair value of the collateral had a recorded investment value of $ 956,000 106,000 106,000 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 OREO had a recorded investment value of $ 451,000 20,000 880,000 no 20,000 no For the Level 3 March 31, 2016 Fair Assets Value Valuation Technique Unobservable Inputs Range Impaired loans $ 850,000 Comparable real estate sales Adjustments for differences 0 5 and / or the income approach. between comparable sales and income data available. Estimated selling costs 7 Other real estate owned $ 431,000 Comparable real estate sales Adjustments for differences 0 7 and / or the income approach. between comparable sales and income data available. Estimated selling costs 7 December 31, 2015 Fair Assets Value Valuation Technique Unobservable Inputs Range Impaired loans $ 451,000 Comparable real estate sales Adjustments for differences 5 9 and / or the income approach. between comparable sales and income data available. Estimated selling costs 7 Other real estate owned $ 990,000 Comparable real estate sales Adjustments for differences 0 and / or the income approach. between comparable sales and income data available. 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 Carrying Identical Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) At March 31, 2016 Financial assets: Cash and cash equivalents $ 13,319,000 $ 13,319,000 $ — $ — Securities available-for-sale 97,637,000 3,640,000 93,997,000 — Securities held to maturity 62,427,000 — 63,447,000 — FHLB-NY stock 2,608,000 N/A N/A N/A Mortgage loans held for sale 783,000 — — 783,000 Loans, net 519,407,000 — — 529,999,000 Accrued interest receivable 2,017,000 — 562,000 1,455,000 Financial liabilities: Deposits 612,426,000 464,049,000 148,840,000 — FHLB-NY advances 40,000,000 — 40,332,000 — Subordinated debentures and subordinated notes 23,203,000 — — 23,092,000 Accrued interest payable 494,000 1,000 390,000 103,000 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, 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 — The following methods and assumptions were used to estimate the fair value of each class of financial instrument: Cash and cash equivalents – 1 Securities available-for-sale and held to maturity – Mortgage loans held for sale 3 Loans, net – 3 FHLB-NY stock - Accrued interest receivable – Deposits – no 1 2 FHLB-NY advances – 2 Subordinated debentures and subordinated notes – 6 6 3 Accrued interest payable – Interest rate swap 2 Commitments to extend credit – Limitations The preceding fair value estimates were made at March 31, 2016 and December 31, 2015 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 no Since these fair value approximations were made solely for on- and off-balance sheet financial instruments at March 31, 2016 and December 31, 2015, no

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Note 5. Basic earnings per share is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. 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. Three Months Ended March 31, 2016 2015 Net income $ 991,000 $ 917,000 Dividends on preferred stock - 171,000 Net income available to common stockholders $ 991,000 $ 746,000 Weighted average common shares outstanding - basic 6,092,351 6,045,683 Effect of dilutive securities - stock options N/A N/A Weighted average common shares outstanding - diluted 6,092,351 6,045,683 Basic earnings per common share $ 0.16 $ 0.12 Diluted earnings per common share $ 0.16 $ 0.12 There were no

Subordinated Debt

Subordinated Debt	3 Months Ended
	Mar. 31, 2016
Subordinated Debt [Abstract]
Subordinated Debt	Note 6. Carrying Amount Issue Maturity Rate March 31, 2016 December 31, 2015 9/17/2003 9/17/2033 Fixed/Floating Rate Junior Subordinated Debenture $ 7,217,000 $ 7,217,000 8/28/2015 8/25/2025 Fixed Rate Subordinated Notes 15,986,000 15,969,000 $ 23,203,000 $ 23,186,000 In 2003, the Corporation formed Stewardship Statutory Trust I (the “Trust”), a statutory business trust, which on September 17, 2003 issued $ 7.0 7,217,000 6.75 three month LIBOR plus 2.95 3.59 3.48 20 On August 28, 2015, the Corporation completed a private placement of $ 16.6 6.75 semi-annually, in arrears, on March 1 and September 1 of each year during the time that the Subordinated Notes remain outstanding. The Subordinated Notes include a right of prepayment, without penalty, on or after August 28, 2020 and, in certain limited circumstances, before that date. The indebtedness evidenced by the Subordinated Notes, including principal and interest, is unsecured and subordinate and junior in right of the Company's payment to general and secured creditors and depositors of the Bank. The Subordinated Notes have been structured to qualify as Tier 2 capital for regulatory purposes. The Subordinated Notes totaled $ 16.0 614,000 30 10

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2016
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income	Note 7 The components of comprehensive income, both gross and net of tax, are presented for the periods below: Three Months Ended March 31, 2016 March 31, 2015 Tax Tax Gross Effect Net Gross Effect Net Net income $ 1,543,000 $ (552,000 ) $ 991,000 $ 1,370,000 $ (453,000 ) $ 917,000 Other comprehensive (loss) income: Change in unrealized holding gains (losses) on securities available-for-sale 1,087,000 (415,000 ) 672,000 751,000 (288,000 ) 463,000 Reclassification adjustment for gains in net income (24,000 ) 9,000 (15,000 ) (152,000 ) 61,000 (91,000 ) Accretion of loss on securities reclassified to held to maturity 72,000 (27,000 ) 45,000 139,000 (52,000 ) 87,000 Change in fair value of interest rate swap 62,000 (25,000 ) 37,000 57,000 (23,000 ) 34,000 Total other comprehensive income 1,197,000 (458,000 ) 739,000 795,000 (302,000 ) 493,000 Total comprehensive income $ 2,740,000 $ (1,010,000 ) $ 1,730,000 $ 2,165,000 $ (755,000 ) $ 1,410,000 The following table presents the after-tax changes in the balances of each component of accumulated other comprehensive income for the three months ended March 31, 2016 and 2015. Three Months Ended March 31, 2016 Components of Accumulated Other Comprehensive Income (Loss) Total Unrealized Gains Loss on securities Unrealized Accumulated and (Losses) on reclassified 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, 2015 $ (610,000 ) $ (198,000 ) $ (37,000 ) $ (845,000 ) Other comprehensive income (loss) before reclassifications 672,000 45,000 37,000 754,000 Amounts reclassified from other comprehensive income (15,000 ) — — (15,000 ) Other comprehensive income (loss), net 657,000 45,000 37,000 739,000 Balance at March 31, 2016 $ 47,000 $ (153,000 ) $ — $ (106,000 ) Three Months Ended March 31, 2015 Components of Accumulated Other Comprehensive Income (Loss) Total Unrealized Gains Loss on securities Unrealized Accumulated and (Losses) on reclassified 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 463,000 87,000 34,000 584,000 Amounts reclassified from other comprehensive income (91,000 ) — — (91,000 ) Other comprehensive income (loss), net 372,000 87,000 34,000 493,000 Balance at March 31, 2015 $ (20,000 ) $ (290,000 ) $ (154,000 ) $ (464,000 ) The following table presents amounts reclassified from each component of accumulated other comprehensive income on a gross and net of tax basis for the three months ended March 31, 2016 and 2015. Three Months Ended Income Components of Accumulated Other March 31, Statement Comprehensive Income (Loss) 2016 2015 Line Item Unrealized gains on AFS securities before tax $ 24,000 $ 152,000 Gains on securities transactions, net Tax effect (9,000 ) (61,000 ) Total net of tax 15,000 91,000 Total reclassifications, net of tax $ 15,000 $ 91,000

Securities - Available-for-Sa15

Securities - Available-for-Sale and Held to Maturity (Tables)	3 Months Ended
	Mar. 31, 2016
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	March 31, 2016 Amortized Gross Unrealized Fair Cost Gains Losses Value U.S. government-sponsored agencies $ 35,238,000 $ 141,000 $ 73,000 $ 35,306,000 Obligations of state and political subdivisions 1,409,000 17,000 — 1,426,000 Mortgage-backed securities - residential 44,850,000 443,000 77,000 45,216,000 Asset-backed securities (a) 9,767,000 — 197,000 9,570,000 Corporate debt 2,500,000 10,000 91,000 2,419,000 Total debt securities 93,764,000 611,000 438,000 93,937,000 Other equity investments 3,806,000 — 106,000 3,700,000 $ 97,570,000 $ 611,000 $ 544,000 $ 97,637,000 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
Schedule of Held to Maturity Securities and Related Unrecognized Gains and Losses	March 31, 2016 Amortized Gross Unrealized Fair Cost Gains Losses Value U.S. Treasury $ 999,000 $ 12,000 $ — $ 1,011,000 U.S. government-sponsored agencies 18,684,000 153,000 — 18,837,000 Obligations of state and political subdivisions 10,698,000 218,000 — 10,916,000 Mortgage-backed securities - residential 32,046,000 650,000 13,000 32,683,000 $ 62,427,000 $ 1,033,000 $ 13,000 $ 63,447,000 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
Amortized Cost and Fair Value of the Investment Securities Portfolio by Contractual Maturity.	March 31, 2016 Amortized Fair Cost Value Available-for-sale Within one $ 501,000 $ 502,000 After one five 10,780,000 10,785,000 After five ten 21,516,000 21,566,000 After ten 6,350,000 6,298,000 Mortgage-backed securities - residential 44,850,000 45,216,000 Asset-backed securities 9,767,000 9,570,000 Total $ 93,764,000 $ 93,937,000 Held to maturity Within one $ 3,128,000 $ 3,162,000 After one five 9,071,000 9,290,000 After five ten 17,232,000 17,316,000 After ten 950,000 996,000 Mortgage-backed securities - residential 32,046,000 32,683,000 Total $ 62,427,000 $ 63,447,000
Schedule of Continuous unrealized loss position for investment securities available for sale and held to maturity	Available-for-Sale March 31, 2016 Less than 12 12 Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses U.S. government- sponsored agencies $ 5,477,000 $ (21,000 ) $ 6,298,000 $ (52,000 ) $ 11,775,000 $ (73,000 ) Obligations of state and political subdivisions — — — — — — Mortgage-backed securities - residential 5,448,000 (2,000 ) 8,220,000 (75,000 ) 13,668,000 (77,000 ) Asset-backed securities 6,658,000 (82,000 ) 2,912,000 (115,000 ) 9,570,000 (197,000 ) Corporate debt — — 1,409,000 (91,000 ) 1,409,000 (91,000 ) Other equity investments — — 3,640,000 (106,000 ) 3,640,000 (106,000 ) Total temporarily impaired securities $ 17,583,000 $ (105,000 ) $ 22,479,000 $ (439,000 ) $ 40,062,000 $ (544,000 ) December 31, 2015 Less than 12 12 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 ) Held to Maturity March 31, 2016 Less than 12 12 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 1,578,000 (9,000 ) 1,025,000 (4,000 ) 2,603,000 (13,000 ) Total temporarily impaired securities $ 1,578,000 $ (9,000 ) $ 1,025,000 $ (4,000 ) $ 2,603,000 $ (13,000 ) December 31, 2015 Less than 12 12 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 )

Loans and Allowance for Loan 16

Loans and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2016
Loans and Allowance for Loan Losses [Abstract]
Loan Portfolio Schedule	March 31, December 31, 2016 2015 Commercial: Secured by real estate $ 40,148,000 $ 37,993,000 Other 28,780,000 26,867,000 Commercial real estate 334,478,000 334,489,000 Commercial construction 4,944,000 4,609,000 Residential real estate 79,563,000 82,955,000 Consumer: Secured by real estate 28,981,000 29,224,000 Other 555,000 580,000 Government Guaranteed Loans - guaranteed portion 10,460,000 9,626,000 Other 102,000 134,000 Total gross loans 528,011,000 526,477,000 Less: Deferred loan costs (fees), net 64,000 98,000 Allowance for loan losses 8,540,000 8,823,000 8,604,000 8,921,000 Loans, net $ 519,407,000 $ 517,556,000
Schedule of Allowance for Loan Losses	For the three months ended March 31, 2016 Balance, Provision Recoveries Balance, beginning charged Loans of loans end of period to operations charged off charged off of period Commercial $ 3,698,000 $ (16,000 ) $ (2,000 ) $ 40,000 $ 3,720,000 Commercial real estate 4,660,000 (275,000 ) — 28,000 4,413,000 Commercial construction 114,000 (2,000 ) — — 112,000 Residential real estate 109,000 (3,000 ) — — 106,000 Consumer 118,000 — — 1,000 119,000 Other loans 3,000 (2,000 ) — — 1,000 Unallocated 121,000 (52,000 ) — — 69,000 Total $ 8,823,000 $ (350,000 ) $ (2,000 ) $ 69,000 $ 8,540,000 For the three months ended March 31, 2015 Balance, Provision Recoveries Balance, beginning charged Loans of loans end of period to operations charged off charged off of period Commercial $ 3,704,000 $ 162,000 $ (271,000 ) $ 108,000 $ 3,703,000 Commercial real estate 5,017,000 72,000 — 27,000 5,116,000 Commercial construction 150,000 (277,000 ) — 233,000 106,000 Residential real estate 142,000 4,000 — — 146,000 Consumer 189,000 (39,000 ) — 1,000 151,000 Other loans 2,000 (2,000 ) — — — Unallocated 398,000 (20,000 ) — — 378,000 Total $ 9,602,000 $ (100,000 ) $ (271,000 ) $ 369,000 $ 9,600,000 March 31, 2016 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 $ 71,000 $ 730,000 $ — $ — $ — $ — $ — $ — $ 801,000 Collectively evaluated for impairment 3,649,000 3,683,000 112,000 106,000 119,000 — 1,000 69,000 7,739,000 Total ending allowance balance $ 3,720,000 $ 4,413,000 $ 112,000 $ 106,000 $ 119,000 $ — $ 1,000 $ 69,000 $ 8,540,000 Loans: Loans individually evaluated for impairment $ 2,846,000 $ 8,890,000 $ — $ — $ 84,000 $ — $ — $ — $ 11,820,000 Loans collectively evaluated for impairment 66,082,000 325,588,000 4,944,000 79,563,000 29,452,000 10,460,000 102,000 — 516,191,000 Total ending loan balance $ 68,928,000 $ 334,478,000 $ 4,944,000 $ 79,563,000 $ 29,536,000 $ 10,460,000 $ 102,000 $ — $ 528,011,000 December 31, 2015 Commercial Commercial Residential Gov't 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 $ 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
Schedule of Recorded Investment in Nonaccrual Loans	March 31, December 31, 2016 2015 Commercial: Secured by real estate $ 917,000 $ 1,300,000 Other 13,000 14,000 Commercial real estate 1,290,000 484,000 Consumer: Secured by real estate 84,000 84,000 Total nonaccrual loans $ 2,304,000 $ 1,882,000
Schedule of Recorded Investments in Impaired Loans	At and for the three months ended March 31, 2016 Unpaid Allowance for Average Interest Principal Recorded Loan Losses Recorded Income Balance Investment Allocated Investment Recognized With no Commercial: Secured by real estate $ 2,839,000 $ 2,348,000 $ 2,539,000 $ 24,000 Other — — 69,000 — Commercial real estate 3,124,000 3,143,000 3,013,000 30,000 Consumer: Secured by real estate 84,000 84,000 84,000 — With an allowance recorded: Commercial: Secured by real estate 193,000 193,000 $ 69,000 251,000 2,000 Other 305,000 305,000 2,000 240,000 5,000 Commercial real estate 5,750,000 5,747,000 730,000 5,487,000 57,000 $ 12,295,000 $ 11,820,000 $ 801,000 $ 11,683,000 $ 118,000 At and for the year ended December 31, 2015 Unpaid Allowance for Average Interest Principal Recorded Loan Losses Recorded Income Balance Investment Allocated Investment Recognized With no 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 $ 12,502,000 $ 11,545,000 $ 719,000 $ 13,551,000 $ 535,000
Schedule of Aging of the Recorded Investment in Past Due Loans by Class of Loans	March 31, 2016 Greater than Loans 30 59 60 89 90 Total Not Past Due Past Due Past Due Past Due Past Due Total Commercial: Secured by real estate $ 283,000 $ — $ 633,000 $ 916,000 $ 39,232,000 $ 40,148,000 Other — — — — 28,780,000 28,780,000 Commercial real estate — — 271,000 271,000 334,207,000 334,478,000 Commercial construction — — — — 4,944,000 4,944,000 Residential real estate — — — — 79,563,000 79,563,000 Consumer: Secured by real estate 9,000 — 84,000 93,000 28,888,000 28,981,000 Other 7,000 — — 7,000 548,000 555,000 Government Guaranteed — — — — 10,460,000 10,460,000 Other — — — — 102,000 102,000 Total $ 299,000 $ — $ 988,000 $ 1,287,000 $ 526,724,000 $ 528,011,000 December 31, 2015 Greater than Loans 30 59 60 89 90 Total Not Past Due Past Due Past Due Past 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 Guaranteed — — — — 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
Schedule of Loans by Credit Quality Indicators	March 31, 2016 Special Pass Mention Substandard Doubtful Loss Total Commercial: Secured by real estate $ 37,844,000 $ 1,387,000 $ 917,000 $ — $ — $ 40,148,000 Other 27,651,000 740,000 389,000 — — 28,780,000 Commercial real estate 326,543,000 3,426,000 4,509,000 — — 334,478,000 Commercial construction 4,944,000 — — — — 4,944,000 Total $ 396,982,000 $ 5,553,000 $ 5,815,000 $ — $ — $ 408,350,000 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
Schedule of Recorded Investment in Residential Real Estate and Consumer Loans Based on Payment Activity	March 31, 2016 Past Due and Current Nonaccrual Total Residential real estate $ 79,563,000 $ — $ 79,563,000 Consumer: Secured by real estate 27,584,000 1,397,000 28,981,000 Other 548,000 7,000 555,000 Total $ 107,695,000 $ 1,404,000 $ 109,099,000 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

Fair Value of Financial Instr17

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value of Financial Instruments [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	Fair Value Measurements Using: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable Carrying Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) At March 31, 2016 Assets: Available-for-sale securities U.S. government - sponsored agencies $ 35,306,000 $ — $ 35,306,000 $ — Obligations of state and political subdivisions 1,426,000 — 1,426,000 — Mortgage-backed securities - residential 45,216,000 — 45,216,000 — Asset-backed securities 9,570,000 — 9,570,000 — Corporate debt 2,419,000 — 2,419,000 — Other equity investments 3,700,000 3,640,000 60,000 — Total available-for- sale securities $ 97,637,000 $ 3,640,000 $ 93,997,000 $ — At 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 debt 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 $ —
Schedule of Assets and Liabilities Measured at Fair Value on Non-recurring Basis	Fair Value Measurements Using: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable Carrying Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) At March 31, 2016 Assets: Impaired loans Commercial: Secured by real estate $ 850,000 $ — $ — $ 850,000 Other Real Estate Owned 431,000 — — 431,000 $ 1,281,000 $ — $ — $ 1,281,000 At 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
Schedule of Fair Value Assumptions for Level 3 Asset Measurements	March 31, 2016 Fair Assets Value Valuation Technique Unobservable Inputs Range Impaired loans $ 850,000 Comparable real estate sales Adjustments for differences 0 5 and / or the income approach. between comparable sales and income data available. Estimated selling costs 7 Other real estate owned $ 431,000 Comparable real estate sales Adjustments for differences 0 7 and / or the income approach. between comparable sales and income data available. Estimated selling costs 7 December 31, 2015 Fair Assets Value Valuation Technique Unobservable Inputs Range Impaired loans $ 451,000 Comparable real estate sales Adjustments for differences 5 9 and / or the income approach. between comparable sales and income data available. Estimated selling costs 7 Other real estate owned $ 990,000 Comparable real estate sales Adjustments for differences 0 and / or the income approach. between comparable sales and income data available. 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 Carrying Identical Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) At March 31, 2016 Financial assets: Cash and cash equivalents $ 13,319,000 $ 13,319,000 $ — $ — Securities available-for-sale 97,637,000 3,640,000 93,997,000 — Securities held to maturity 62,427,000 — 63,447,000 — FHLB-NY stock 2,608,000 N/A N/A N/A Mortgage loans held for sale 783,000 — — 783,000 Loans, net 519,407,000 — — 529,999,000 Accrued interest receivable 2,017,000 — 562,000 1,455,000 Financial liabilities: Deposits 612,426,000 464,049,000 148,840,000 — FHLB-NY advances 40,000,000 — 40,332,000 — Subordinated debentures and subordinated notes 23,203,000 — — 23,092,000 Accrued interest payable 494,000 1,000 390,000 103,000 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, 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 —

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Common Share	Three Months Ended March 31, 2016 2015 Net income $ 991,000 $ 917,000 Dividends on preferred stock - 171,000 Net income available to common stockholders $ 991,000 $ 746,000 Weighted average common shares outstanding - basic 6,092,351 6,045,683 Effect of dilutive securities - stock options N/A N/A Weighted average common shares outstanding - diluted 6,092,351 6,045,683 Basic earnings per common share $ 0.16 $ 0.12 Diluted earnings per common share $ 0.16 $ 0.12

Subordinated Debt (Tables)

Subordinated Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Subordinated Debt [Abstract]
Schedule of subordinated debt	Carrying Amount Issue Maturity Rate March 31, 2016 December 31, 2015 9/17/2003 9/17/2033 Fixed/Floating Rate Junior Subordinated Debenture $ 7,217,000 $ 7,217,000 8/28/2015 8/25/2025 Fixed Rate Subordinated Notes 15,986,000 15,969,000 $ 23,203,000 $ 23,186,000

Accumulated Other Comprehensi20

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2016
Accumulated Other Comprehensive Income [Abstract]
Schedule of components of comprehensive income	Three Months Ended March 31, 2016 March 31, 2015 Tax Tax Gross Effect Net Gross Effect Net Net income $ 1,543,000 $ (552,000 ) $ 991,000 $ 1,370,000 $ (453,000 ) $ 917,000 Other comprehensive (loss) income: Change in unrealized holding gains (losses) on securities available-for-sale 1,087,000 (415,000 ) 672,000 751,000 (288,000 ) 463,000 Reclassification adjustment for gains in net income (24,000 ) 9,000 (15,000 ) (152,000 ) 61,000 (91,000 ) Accretion of loss on securities reclassified to held to maturity 72,000 (27,000 ) 45,000 139,000 (52,000 ) 87,000 Change in fair value of interest rate swap 62,000 (25,000 ) 37,000 57,000 (23,000 ) 34,000 Total other comprehensive income 1,197,000 (458,000 ) 739,000 795,000 (302,000 ) 493,000 Total comprehensive income $ 2,740,000 $ (1,010,000 ) $ 1,730,000 $ 2,165,000 $ (755,000 ) $ 1,410,000
Schedule of Components of Accumulated Other Comprehensive Income	Three Months Ended March 31, 2016 Components of Accumulated Other Comprehensive Income (Loss) Total Unrealized Gains Loss on securities Unrealized Accumulated and (Losses) on reclassified 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, 2015 $ (610,000 ) $ (198,000 ) $ (37,000 ) $ (845,000 ) Other comprehensive income (loss) before reclassifications 672,000 45,000 37,000 754,000 Amounts reclassified from other comprehensive income (15,000 ) — — (15,000 ) Other comprehensive income (loss), net 657,000 45,000 37,000 739,000 Balance at March 31, 2016 $ 47,000 $ (153,000 ) $ — $ (106,000 ) Three Months Ended March 31, 2015 Components of Accumulated Other Comprehensive Income (Loss) Total Unrealized Gains Loss on securities Unrealized Accumulated and (Losses) on reclassified 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 463,000 87,000 34,000 584,000 Amounts reclassified from other comprehensive income (91,000 ) — — (91,000 ) Other comprehensive income (loss), net 372,000 87,000 34,000 493,000 Balance at March 31, 2015 $ (20,000 ) $ (290,000 ) $ (154,000 ) $ (464,000 )
Schedule of Amount Reclassified from each Component of Accumulated Other Comprehensive Income	Three Months Ended Income Components of Accumulated Other March 31, Statement Comprehensive Income (Loss) 2016 2015 Line Item Unrealized gains on AFS securities before tax $ 24,000 $ 152,000 Gains on securities transactions, net Tax effect (9,000 ) (61,000 ) Total net of tax 15,000 91,000 Total reclassifications, net of tax $ 15,000 $ 91,000

Securities - Available-for-Sa21

Securities - Available-for-Sale and Held to Maturity (Narrative) (Details)	3 Months Ended
	Mar. 31, 2016USD ($)item	Mar. 31, 2015USD ($)
Securities - Available-for-Sale and Held to Maturity [Abstract]
Cash proceeds realized from sales and calls of securities available for sale | $	$ 2,050,000	$ 27,845,000
Gross realized gain from sales and calls of securities available for sale | $		213,000
Gross realized losses from sales and calls of securities available for sale | $		61,000
Proceeds from calls on securities held to maturity | $	$ 6,340,000	$ 3,100,000
Gross realized gain from calls on securities held to maturity | $	$ 24,000
Gross realized losses calls on securities held to maturity | $
U.S. government-sponsored agency securities [Member]
Securities - Available-for-Sale and Held to Maturity [Line item]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | item	3
Mortgage-backed securities [Member]
Securities - Available-for-Sale and Held to Maturity [Line item]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | item	9
Held To Maturity Securities In Unrealized Loss Positions Qualitative Disclosure Number of Positions Greater Than Or Equal To One Year | item	2
Asset-backed Securities [Member]
Securities - Available-for-Sale and Held to Maturity [Line item]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | item	1
Corporate debt securities [Member]
Securities - Available-for-Sale and Held to Maturity [Line item]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | item	2
Other equity security [Member]
Securities - Available-for-Sale and Held to Maturity [Line item]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | item	1

Securities - Available-for-Sa22

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 ($)		Mar. 31, 2016	Dec. 31, 2015
Available for sale securities
Amortized Cost		$ 97,570,000	$ 94,350,000
Gross Unrealized Gains		611,000	296,000
Gross Unrealized Losses		544,000	1,292,000
Fair Value		97,637,000	93,354,000
U.S. government-sponsored agencies [Member]
Available for sale securities
Amortized Cost		35,238,000	31,266,000
Gross Unrealized Gains		141,000	81,000
Gross Unrealized Losses		73,000	393,000
Fair Value		35,306,000	30,954,000
Obligations of state and political and subdivisions [Member]
Available for sale securities
Amortized Cost		1,409,000	1,409,000
Gross Unrealized Gains		$ 17,000	2,000
Gross Unrealized Losses			1,000
Fair Value		$ 1,426,000	1,410,000
Mortgage-backed securities - residential [Member]
Available for sale securities
Amortized Cost		44,850,000	45,520,000
Gross Unrealized Gains		443,000	213,000
Gross Unrealized Losses		77,000	496,000
Fair Value		45,216,000	45,237,000
Asset-backed Securities [Member]
Available for sale securities
Amortized Cost	[1]	$ 9,767,000	$ 9,877,000
Gross Unrealized Gains	[1]
Gross Unrealized Losses	[1]	$ 197,000	$ 176,000
Fair Value	[1]	9,570,000	9,701,000
Corporate Debt Securities [Member]
Available for sale securities
Amortized Cost		2,500,000	$ 2,500,000
Gross Unrealized Gains		10,000
Gross Unrealized Losses		91,000	$ 81,000
Fair Value		2,419,000	2,419,000
Total debt securities [Member]
Available for sale securities
Amortized Cost		93,764,000	90,572,000
Gross Unrealized Gains		611,000	296,000
Gross Unrealized Losses		438,000	1,147,000
Fair Value		93,937,000	89,721,000
Other equity investments [Member]
Available for sale securities
Amortized Cost		$ 3,806,000	$ 3,778,000
Gross Unrealized Gains
Gross Unrealized Losses		$ 106,000	$ 145,000
Fair Value		$ 3,700,000	$ 3,633,000
[1]	Collateralized by student loans

Securities - Available-for-Sa23

Securities - Available-for-Sale and Held to Maturity (Schedule of Held to Maturity Securities and Related Unrecognized Gains and Losses) (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Held to maturity securities
Amortized Cost	$ 62,427,000	$ 60,738,000
Gross Unrecognized Gains	1,033,000	695,000
Gross Unrecognized Losses	13,000	152,000
Fair Value	63,447,000	61,281,000
U.S. Treasury [Member]
Held to maturity securities
Amortized Cost	999,000	$ 999,000
Gross Unrecognized Gains	$ 12,000
Gross Unrecognized Losses		$ 11,000
Fair Value	$ 1,011,000	988,000
U.S. government-sponsored agencies [Member]
Held to maturity securities
Amortized Cost	18,684,000	15,109,000
Gross Unrecognized Gains	$ 153,000	132,000
Gross Unrecognized Losses		24,000
Fair Value	$ 18,837,000	15,217,000
Obligations of state and political and subdivisions [Member]
Held to maturity securities
Amortized Cost	10,698,000	11,219,000
Gross Unrecognized Gains	$ 218,000	$ 268,000
Gross Unrecognized Losses
Fair Value	$ 10,916,000	$ 11,487,000
Mortgage-backed securities - residential [Member]
Held to maturity securities
Amortized Cost	32,046,000	33,411,000
Gross Unrecognized Gains	650,000	295,000
Gross Unrecognized Losses	13,000	117,000
Fair Value	$ 32,683,000	$ 33,589,000

Securities - Available-for-Sa24

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 ($)	Mar. 31, 2016	Dec. 31, 2015
Amortized Cost
Within one year	$ 501,000
After one year, but within five years	10,780,000
After five years, but within ten years	21,516,000
After ten years	6,350,000
Total	93,764,000
Fair value.
Within one year	502,000
After one year, but within five years	10,785,000
After five years, but within ten years	21,566,000
After ten years	6,298,000
Total	93,937,000
Amortized Cost
Within one year	3,128,000
After one year, but within five years	9,071,000
After five years, but within ten years	17,232,000
After ten years	950,000
Total	62,427,000	$ 60,738,000
Fair Value
Within one year	3,162,000
After one year, but within five years	9,290,000
After five years, but within ten years	17,316,000
After ten years	996,000
Total	63,447,000	61,281,000
Mortgage-backed securities - residential [Member]
Amortized Cost
Total	44,850,000
Fair value.
Total	45,216,000
Amortized Cost
Total	32,046,000
Fair Value
Total	32,683,000	$ 33,589,000
Asset-backed Securities [Member]
Amortized Cost
Total	9,767,000
Fair value.
Total	$ 9,570,000

Securities - Available-for-Sa25

Securities - Available-for-Sale and Held to Maturity (Schedule of Continuous Unrealized Loss Position for Investment Securities Available for Sale) (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	$ 17,583,000	$ 34,770,000
Less than 12 Months, Unrealized Losses	(105,000)	(309,000)
12 Months or Longer, Fair Value	22,479,000	31,476,000
12 Months or Longer, Unrealized Losses	(439,000)	(983,000)
Fair Value	40,062,000	66,246,000
Unrealized Losses	(544,000)	(1,292,000)
Held to maturity securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	1,578,000	21,126,000
Less than 12 Months, Unrealized Losses	(9,000)	(125,000)
12 Months or Longer, Fair Value	1,025,000	1,066,000
12 Months or Longer, Unrealized Losses	(4,000)	(27,000)
Fair Value	2,603,000	22,192,000
Unrealized Losses	(13,000)	(152,000)
U.S. government-sponsored agencies [Member]
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	5,477,000	18,396,000
Less than 12 Months, Unrealized Losses	(21,000)	(183,000)
12 Months or Longer, Fair Value	6,298,000	7,296,000
12 Months or Longer, Unrealized Losses	(52,000)	(210,000)
Fair Value	11,775,000	25,692,000
Unrealized Losses	$ (73,000)	(393,000)
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
12 Months or Longer, Unrealized Losses
Fair Value		$ 984,000
Unrealized Losses		(1,000)
Mortgage-backed securities - residential [Member]
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	$ 5,448,000	8,599,000
Less than 12 Months, Unrealized Losses	(2,000)	(69,000)
12 Months or Longer, Fair Value	8,220,000	16,278,000
12 Months or Longer, Unrealized Losses	(75,000)	(427,000)
Fair Value	13,668,000	24,877,000
Unrealized Losses	(77,000)	(496,000)
Held to maturity securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	1,578,000	15,183,000
Less than 12 Months, Unrealized Losses	(9,000)	(90,000)
12 Months or Longer, Fair Value	1,025,000	1,066,000
12 Months or Longer, Unrealized Losses	(4,000)	(27,000)
Fair Value	2,603,000	16,249,000
Unrealized Losses	(13,000)	(117,000)
Asset-backed Securities [Member]
Available for sale securities, Continuous unrealized loss position
Less than 12 Months, Fair Value	6,658,000	6,791,000
Less than 12 Months, Unrealized Losses	(82,000)	(56,000)
12 Months or Longer, Fair Value	2,912,000	2,910,000
12 Months or Longer, Unrealized Losses	(115,000)	(120,000)
Fair Value	9,570,000	9,701,000
Unrealized Losses	$ (197,000)	$ (176,000)
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	$ 1,409,000	$ 1,419,000
12 Months or Longer, Unrealized Losses	(91,000)	(81,000)
Fair Value	1,409,000	1,419,000
Unrealized Losses	$ (91,000)	$ (81,000)
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	$ 3,640,000	$ 3,573,000
12 Months or Longer, Unrealized Losses	(106,000)	(145,000)
Fair Value	3,640,000	3,573,000
Unrealized Losses	$ (106,000)	(145,000)
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)

Loans and Allowance for Loan 26

Loans and Allowance for Loan Losses (Narrative) (Details)	3 Months Ended
	Mar. 31, 2016USD ($)item	Mar. 31, 2015item	Dec. 31, 2015USD ($)
Loans participated by the Corporation to other organizations, recorded off-balance sheet	$ 8,390,000		$ 8,527,000
Loans from related parties
Total value of modified loans in troubled debt restructurings	10,100,000		10,200,000
Trouble debt restructuring classified as performing	9,500,000		9,700,000
Specific reserve related to TDR	695,000		708,000
Committed funds for construction loan, classified as troubled debt restructuring	$ 138,000		$ 138,000
Number of loans classified as a trouble debt restructuring | item	0	0

Loans and Allowance for Loan 27

Loans and Allowance for Loan Losses (Loan Portfolio Schedule) (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Gross loans	$ 528,011,000	$ 526,477,000
Deferred loan costs (fees), net	64,000	98,000
Allowance for loan losses	8,540,000	8,823,000
Allowance net of deferred loan fees	8,604,000	8,921,000
Loans, net	519,407,000	517,556,000
Commercial loan secured by real estate [Member]
Gross loans	40,148,000	37,993,000
Commercial loan - Other [Member]
Gross loans	28,780,000	26,867,000
Commercial real estate [Member]
Gross loans	334,478,000	334,489,000
Allowance for loan losses	4,413,000	4,660,000
Commercial Construction [Member]
Gross loans	4,944,000	4,609,000
Allowance for loan losses	112,000	114,000
Residential real estate [Member]
Gross loans	79,563,000	82,955,000
Allowance for loan losses	106,000	109,000
Consumer loan secured by real estate [Member]
Gross loans	28,981,000	29,224,000
Consumer loan - Other [Member]
Gross loans	555,000	580,000
Government Guaranteed Loans - guaranteed portion [Member]
Gross loans	$ 10,460,000	$ 9,626,000
Allowance for loan losses
Other Loans [Member]
Gross loans	$ 102,000	$ 134,000
Allowance for loan losses	$ 1,000	$ 3,000

Loans and Allowance for Loan 28

Loans and Allowance for Loan Losses (Schedule of Allowance for Loan Losses) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Activity in the allowance for loan losses
Balance at the beginning of period	$ 8,823,000	$ 9,602,000	$ 9,602,000
Provision charged to operations	(350,000)	(100,000)
Loans charge-offs	(2,000)	(271,000)
Recoveries of loans charged-off	69,000	369,000
Balance at the end of period	8,540,000	9,600,000	8,823,000
Commercial [Member]
Activity in the allowance for loan losses
Balance at the beginning of period	3,698,000	3,704,000	3,704,000
Provision charged to operations	(16,000)	162,000
Loans charge-offs	(2,000)	(271,000)
Recoveries of loans charged-off	40,000	108,000
Balance at the end of period	3,720,000	3,703,000	3,698,000
Commercial loan secured by real estate [Member]
Activity in the allowance for loan losses
Balance at the beginning of period	4,660,000	5,017,000	5,017,000
Provision charged to operations	$ (275,000)	$ 72,000
Loans charge-offs
Recoveries of loans charged-off	$ 28,000	$ 27,000
Balance at the end of period	4,413,000	5,116,000	4,660,000
Commercial Construction [Member]
Activity in the allowance for loan losses
Balance at the beginning of period	114,000	150,000	150,000
Provision charged to operations	$ (2,000)	$ (277,000)
Loans charge-offs
Recoveries of loans charged-off		$ 233,000
Balance at the end of period	$ 112,000	106,000	114,000
Residential real estate [Member]
Activity in the allowance for loan losses
Balance at the beginning of period	109,000	142,000	142,000
Provision charged to operations	$ (3,000)	$ 4,000
Loans charge-offs
Recoveries of loans charged-off
Balance at the end of period	$ 106,000	$ 146,000	109,000
Consumer [Member]
Activity in the allowance for loan losses
Balance at the beginning of period	$ 118,000	189,000	189,000
Provision charged to operations		$ (39,000)
Loans charge-offs
Recoveries of loans charged-off	$ 1,000	$ 1,000
Balance at the end of period	119,000	151,000	118,000
Other loans [Member]
Activity in the allowance for loan losses
Balance at the beginning of period	3,000	2,000	2,000
Provision charged to operations	$ (2,000)	$ (2,000)
Loans charge-offs
Recoveries of loans charged-off
Balance at the end of period	$ 1,000		3,000
Unallocated Loans [Member]
Activity in the allowance for loan losses
Balance at the beginning of period	121,000	$ 398,000	398,000
Provision charged to operations	$ (52,000)	$ (20,000)
Loans charge-offs
Recoveries of loans charged-off
Balance at the end of period	$ 69,000	$ 378,000	$ 121,000

Loans and Allowance for Loan 29

Loans and Allowance for Loan Losses (Schedule of Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment) (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Ending balances: Allowance for loan losses
Allowance for loan losses Ending balance, Individually evaluated for impairment	$ 801,000	$ 719,000
Allowance for loan losses Ending balance, Collectively evaluated for impairment	7,739,000	8,104,000
Total Ending allowance balance	8,540,000	8,823,000
Ending balances: Loans
Loans Recorded investment Ending balance, Individually evaluated for impairment	11,820,000	11,545,000
Loans Recorded investment Ending balance, Collectively evaluated for impairment	516,191,000	514,932,000
Total loans	528,011,000	526,477,000
Commercial [Member]
Ending balances: Allowance for loan losses
Allowance for loan losses Ending balance, Individually evaluated for impairment	71,000	81,000
Allowance for loan losses Ending balance, Collectively evaluated for impairment	3,649,000	3,617,000
Total Ending allowance balance	3,720,000	3,698,000
Ending balances: Loans
Loans Recorded investment Ending balance, Individually evaluated for impairment	2,846,000	3,348,000
Loans Recorded investment Ending balance, Collectively evaluated for impairment	66,082,000	61,512,000
Total loans	68,928,000	64,860,000
Commercial real estate [Member]
Ending balances: Allowance for loan losses
Allowance for loan losses Ending balance, Individually evaluated for impairment	730,000	638,000
Allowance for loan losses Ending balance, Collectively evaluated for impairment	3,683,000	4,022,000
Total Ending allowance balance	4,413,000	4,660,000
Ending balances: Loans
Loans Recorded investment Ending balance, Individually evaluated for impairment	8,890,000	8,113,000
Loans Recorded investment Ending balance, Collectively evaluated for impairment	325,588,000	326,376,000
Total loans	$ 334,478,000	$ 334,489,000
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	$ 112,000	$ 114,000
Total Ending allowance balance	$ 112,000	$ 114,000
Ending balances: Loans
Loans Recorded investment Ending balance, Individually evaluated for impairment
Loans Recorded investment Ending balance, Collectively evaluated for impairment	$ 4,944,000	$ 4,609,000
Total loans	$ 4,944,000	$ 4,609,000
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	$ 106,000	$ 109,000
Total Ending allowance balance	$ 106,000	$ 109,000
Ending balances: Loans
Loans Recorded investment Ending balance, Individually evaluated for impairment
Loans Recorded investment Ending balance, Collectively evaluated for impairment	$ 79,563,000	$ 82,955,000
Total loans	$ 79,563,000	$ 82,955,000
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	$ 119,000	$ 118,000
Total Ending allowance balance	119,000	118,000
Ending balances: Loans
Loans Recorded investment Ending balance, Individually evaluated for impairment	84,000	84,000
Loans Recorded investment Ending balance, Collectively evaluated for impairment	29,452,000	29,720,000
Total loans	$ 29,536,000	$ 29,804,000
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	$ 10,460,000	$ 9,626,000
Total loans	$ 10,460,000	$ 9,626,000
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	$ 1,000	$ 3,000
Total Ending allowance balance	$ 1,000	$ 3,000
Ending balances: Loans
Loans Recorded investment Ending balance, Individually evaluated for impairment
Loans Recorded investment Ending balance, Collectively evaluated for impairment	$ 102,000	$ 134,000
Total loans	$ 102,000	$ 134,000
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	$ 69,000	$ 121,000
Total Ending allowance balance	$ 69,000	$ 121,000
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 30

Loans and Allowance for Loan Losses (Schedule of Recorded Investment in Nonaccrual Loans) (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Total nonperfoming loans	$ 2,304,000	$ 1,882,000
Commercial loan secured by real estate [Member]
Total nonperfoming loans	917,000	1,300,000
Commercial loan - Other [Member]
Total nonperfoming loans	13,000	14,000
Commercial real estate [Member]
Total nonperfoming loans	1,290,000	484,000
Consumer loan secured by real estate [Member]
Total nonperfoming loans	$ 84,000	$ 84,000

Loans and Allowance for Loan 31

Loans and Allowance for Loan Losses (Schedule of Recorded Investments in Impaired Loans) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Loans with an allowance recorded:
Related Allowance	$ 801,000	$ 719,000
Total impaired loans
Unpaid Principal Balance	12,295,000	12,502,000
Recorded Investment	11,820,000	11,545,000
Average Recorded Investment	11,683,000	13,551,000
Interest Income Recognized	118,000	535,000
Commercial loan secured by real estate [Member]
Loans with no related allowance recorded:
Unpaid Principal Balance With no related allowance recorded	2,839,000	3,244,000
Recorded Investment With no related allowance recorded	2,348,000	2,729,000
Average Recorded Investment	2,539,000	3,683,000
Interest income recognized for the year	24,000	156,000
Loans with an allowance recorded:
Unpaid Principal Balance With an allowance recorded	193,000	390,000
Recorded Investment With an allowance recorded	193,000	308,000
Related Allowance	69,000	80,000
Average Recorded Investment	251,000	405,000
Interest income recognized for the year	$ 2,000	14,000
Commercial loan - Other [Member]
Loans with no related allowance recorded:
Unpaid Principal Balance With no related allowance recorded		137,000
Recorded Investment With no related allowance recorded		137,000
Average Recorded Investment	$ 69,000	61,000
Interest income recognized for the year		2,000
Loans with an allowance recorded:
Unpaid Principal Balance With an allowance recorded	$ 305,000	174,000
Recorded Investment With an allowance recorded	305,000	174,000
Related Allowance	2,000	1,000
Average Recorded Investment	240,000	463,000
Interest income recognized for the year	5,000	31,000
Commercial real estate [Member]
Loans with no related allowance recorded:
Unpaid Principal Balance With no related allowance recorded	3,124,000	3,245,000
Recorded Investment With no related allowance recorded	3,143,000	2,885,000
Average Recorded Investment	3,013,000	2,890,000
Interest income recognized for the year	30,000	121,000
Loans with an allowance recorded:
Unpaid Principal Balance With an allowance recorded	5,750,000	5,228,000
Recorded Investment With an allowance recorded	5,747,000	5,228,000
Related Allowance	730,000	638,000
Average Recorded Investment	5,487,000	5,534,000
Interest income recognized for the year	57,000	$ 211,000
Commercial Construction [Member]
Loans with no related allowance recorded:
Unpaid Principal Balance With no related allowance recorded
Recorded Investment With no related allowance recorded
Average Recorded Investment		$ 215,000
Interest income recognized for the year
Residential real estate [Member]
Loans with no related allowance recorded:
Unpaid Principal Balance With no related allowance recorded
Recorded Investment With no related allowance recorded
Average Recorded Investment		$ 74,000
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	$ 84,000
Recorded Investment With no related allowance recorded	84,000	84,000
Average Recorded Investment	$ 84,000	$ 226,000
Interest income recognized for the year

Loans and Allowance for Loan 32

Loans and Allowance for Loan Losses (Schedule of Aging of the Recorded Investment in Past Due Loans by Class of Loans) (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Aging analysis of past due loans
Total	$ 1,287,000	$ 1,435,000
Not past due	526,724,000	525,042,000
Total Loans	528,011,000	526,477,000
Commercial loan secured by real estate [Member]
Aging analysis of past due loans
Total	916,000	1,011,000
Not past due	39,232,000	36,982,000
Total Loans	$ 40,148,000	$ 37,993,000
Commercial loan - Other [Member]
Aging analysis of past due loans
Total
Not past due	$ 28,780,000	$ 26,867,000
Total Loans	28,780,000	26,867,000
Commercial real estate [Member]
Aging analysis of past due loans
Total	271,000	271,000
Not past due	334,207,000	334,218,000
Total Loans	$ 334,478,000	$ 334,489,000
Commercial Construction [Member]
Aging analysis of past due loans
Total
Not past due	$ 4,944,000	$ 4,609,000
Total Loans	$ 4,944,000	$ 4,609,000
Residential real estate [Member]
Aging analysis of past due loans
Total
Not past due	$ 79,563,000	$ 82,955,000
Total Loans	79,563,000	82,955,000
Consumer loan secured by real estate [Member]
Aging analysis of past due loans
Total	93,000	153,000
Not past due	28,888,000	29,071,000
Total Loans	28,981,000	$ 29,224,000
Consumer loan - Other [Member]
Aging analysis of past due loans
Total	7,000
Not past due	548,000	$ 580,000
Total Loans	$ 555,000	$ 580,000
Government Guaranteed [Member]
Aging analysis of past due loans
Total
Not past due	$ 10,460,000	$ 9,626,000
Total Loans	$ 10,460,000	$ 9,626,000
Other Loans [Member]
Aging analysis of past due loans
Total
Not past due	$ 102,000	$ 134,000
Total Loans	102,000	134,000
30 to 59 Days [Member]
Aging analysis of past due loans
Total	299,000	$ 383,000
30 to 59 Days [Member] | Commercial loan secured by real estate [Member]
Aging analysis of past due loans
Total	$ 283,000
30 to 59 Days [Member] | Commercial loan - Other [Member]
Aging analysis of past due loans
Total
30 to 59 Days [Member] | Commercial real estate [Member]
Aging analysis of past due loans
Total		$ 271,000
30 to 59 Days [Member] | Commercial Construction [Member]
Aging analysis of past due loans
Total
30 to 59 Days [Member] | Residential real estate [Member]
Aging analysis of past due loans
Total
30 to 59 Days [Member] | Consumer loan secured by real estate [Member]
Aging analysis of past due loans
Total	$ 9,000	$ 112,000
30 to 59 Days [Member] | Consumer loan - Other [Member]
Aging analysis of past due loans
Total	$ 7,000
30 to 59 Days [Member] | Government Guaranteed [Member]
Aging analysis of past due loans
Total
30 to 59 Days [Member] | Other Loans [Member]
Aging analysis of past due loans
Total
60 to 89 Days [Member]
Aging analysis of past due loans
Total
60 to 89 Days [Member] | Commercial loan secured by real estate [Member]
Aging analysis of past due loans
Total
60 to 89 Days [Member] | Commercial loan - Other [Member]
Aging analysis of past due loans
Total
60 to 89 Days [Member] | Commercial real estate [Member]
Aging analysis of past due loans
Total
60 to 89 Days [Member] | Commercial Construction [Member]
Aging analysis of past due loans
Total
60 to 89 Days [Member] | Residential real estate [Member]
Aging analysis of past due loans
Total
60 to 89 Days [Member] | Consumer loan secured by real estate [Member]
Aging analysis of past due loans
Total
60 to 89 Days [Member] | Consumer loan - Other [Member]
Aging analysis of past due loans
Total
60 to 89 Days [Member] | Government Guaranteed [Member]
Aging analysis of past due loans
Total
60 to 89 Days [Member] | Other Loans [Member]
Aging analysis of past due loans
Total
Greater Than 90 Days [Member]
Aging analysis of past due loans
Total	$ 988,000	$ 1,052,000
Greater Than 90 Days [Member] | Commercial loan secured by real estate [Member]
Aging analysis of past due loans
Total	$ 633,000	$ 1,011,000
Greater Than 90 Days [Member] | Commercial loan - Other [Member]
Aging analysis of past due loans
Total
Greater Than 90 Days [Member] | Commercial real estate [Member]
Aging analysis of past due loans
Total	$ 271,000
Greater Than 90 Days [Member] | Commercial Construction [Member]
Aging analysis of past due loans
Total
Greater Than 90 Days [Member] | Residential real estate [Member]
Aging analysis of past due loans
Total
Greater Than 90 Days [Member] | Consumer loan secured by real estate [Member]
Aging analysis of past due loans
Total	$ 84,000	$ 41,000
Greater Than 90 Days [Member] | Consumer loan - Other [Member]
Aging analysis of past due loans
Total
Greater Than 90 Days [Member] | Government Guaranteed [Member]
Aging analysis of past due loans
Total
Greater Than 90 Days [Member] | Other Loans [Member]
Aging analysis of past due loans
Total

Loans and Allowance for Loan 33

Loans and Allowance for Loan Losses (Schedule of Loans by Credit Quality Indicators) (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Total Loans	$ 528,011,000	$ 526,477,000
Pass [Member]
Total Loans	396,982,000	392,334,000
Special Mention [Member]
Total Loans	5,553,000	6,210,000
Substandard [Member]
Total Loans	$ 5,815,000	$ 5,414,000
Doubtful [Member]
Total Loans
Loss [Member]
Total Loans
Commercial loan secured by real estate [Member]
Total Loans	$ 40,148,000	$ 37,993,000
Commercial loan secured by real estate [Member] | Pass [Member]
Total Loans	37,844,000	35,263,000
Commercial loan secured by real estate [Member] | Special Mention [Member]
Total Loans	1,387,000	1,431,000
Commercial loan secured by real estate [Member] | Substandard [Member]
Total Loans	$ 917,000	$ 1,299,000
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	$ 28,780,000	$ 26,867,000
Commercial loan - Other [Member] | Pass [Member]
Total Loans	27,651,000	25,725,000
Commercial loan - Other [Member] | Special Mention [Member]
Total Loans	740,000	745,000
Commercial loan - Other [Member] | Substandard [Member]
Total Loans	$ 389,000	$ 397,000
Commercial loan - Other [Member] | Doubtful [Member]
Total Loans
Commercial loan - Other [Member] | Loss [Member]
Total Loans
Commercial real estate [Member]
Total Loans	$ 334,478,000	$ 334,489,000
Commercial real estate [Member] | Pass [Member]
Total Loans	326,543,000	326,737,000
Commercial real estate [Member] | Special Mention [Member]
Total Loans	3,426,000	4,034,000
Commercial real estate [Member] | Substandard [Member]
Total Loans	$ 4,509,000	$ 3,718,000
Commercial real estate [Member] | Doubtful [Member]
Total Loans
Commercial real estate [Member] | Loss [Member]
Total Loans
Commercial Construction [Member]
Total Loans	$ 4,944,000	$ 4,609,000
Commercial Construction [Member] | Pass [Member]
Total Loans	$ 4,944,000	$ 4,609,000
Commercial Construction [Member] | Special Mention [Member]
Total Loans
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	$ 408,350,000	$ 403,958,000

Loans and Allowance for Loan 34

Loans and Allowance for Loan Losses (Schedule of Recorded Investment in Residential Real Estate and Consumer Loans Based on Payment Activity) (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Total Loans	$ 528,011,000	$ 526,477,000
Residential real estate [Member]
Total Loans	79,563,000	82,955,000
Residential real estate [Member] | Current [Member]
Total Loans	$ 79,563,000	82,415,000
Residential real estate [Member] | Past Due and Nonaccrual [Member]
Total Loans		540,000
Consumer loan secured by real estate [Member]
Total Loans	$ 28,981,000	29,224,000
Consumer loan secured by real estate [Member] | Current [Member]
Total Loans	27,584,000	27,730,000
Consumer loan secured by real estate [Member] | Past Due and Nonaccrual [Member]
Total Loans	1,397,000	1,494,000
Consumer loan - Other [Member]
Total Loans	555,000	580,000
Consumer loan - Other [Member] | Current [Member]
Total Loans	548,000	578,000
Consumer loan - Other [Member] | Past Due and Nonaccrual [Member]
Total Loans	7,000	2,000
Total Residential Real Estate and Consumer [Member]
Total Loans	109,099,000	112,759,000
Total Residential Real Estate and Consumer [Member] | Current [Member]
Total Loans	107,695,000	110,723,000
Total Residential Real Estate and Consumer [Member] | Past Due and Nonaccrual [Member]
Total Loans	$ 1,404,000	$ 2,036,000

Fair Value of Financial Instr35

Fair Value of Financial Instruments (Narrative) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Allowance for loan losses	$ 8,540,000		$ 8,823,000
Provision for loan losses	$ (350,000)	$ (100,000)
Discount to real estate appraised values	12.00%
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member]
Recorded Investment With an allowance recorded	$ 956,000		461,000
Allowance for loan losses	106,000		10,000
Provision for loan losses	106,000		16,000
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member]
Recorded Investment With an allowance recorded	451,000		$ 880,000
Allowance for losses on other real estate owned	20,000
Provision for loan losses	$ 20,000

Fair Value of Financial Instr36

Fair Value of Financial Instruments (Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Assets, Fair Value
Total available for sale securities	$ 97,637,000	$ 93,354,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets, Fair Value
Total available for sale securities	3,640,000	$ 3,573,000
Liabilities, Fair Value
Interest rate swap
Significant Other Observable Inputs (Level 2) [Member]
Assets, Fair Value
Total available for sale securities	$ 93,997,000	$ 89,781,000
Liabilities, Fair Value
Interest rate swap		$ 62,000
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	$ 97,637,000	$ 93,354,000
Liabilities, Fair Value
Interest rate swap		$ 62,000
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 debt
Other equity investments	$ 3,640,000	$ 3,573,000
Total available for sale securities	3,640,000	$ 3,573,000
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	35,306,000	$ 30,954,000
Obligations of state and political subdivisions	1,426,000	1,410,000
Mortgage-backed securities - residential	45,216,000	45,237,000
Asset backed securities	9,570,000	9,701,000
Corporate debt	2,419,000	2,419,000
Other equity investments	60,000	60,000
Total available for sale securities	$ 93,997,000	89,781,000
Liabilities, Fair Value
Interest rate swap		$ 62,000
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 debt
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	$ 35,306,000	$ 30,954,000
Obligations of state and political subdivisions	1,426,000	1,410,000
Mortgage-backed securities - residential	45,216,000	45,237,000
Asset backed securities	9,570,000	9,701,000
Corporate debt	2,419,000	2,419,000
Other equity investments	3,700,000	3,633,000
Total available for sale securities	$ 97,637,000	93,354,000
Liabilities, Fair Value
Interest rate swap		$ 62,000

Fair Value of Financial Instr37

Fair Value of Financial Instruments (Schedule of Assets and Liabilities Measured at Fair Value on Non-recurring Basis) (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
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	$ 529,999,000	$ 527,479,000
Carrying Value [Member]
Assets, Fair Value
Impaired loans, Fair Value	$ 519,407,000	$ 517,556,000
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
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
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	$ 850,000	$ 367,000
Consumer loan secured by real estate		84,000
Other Real Estate Owned	431,000	880,000
Impaired loans, Fair Value	1,281,000	1,331,000
Fair Value, Measurements, Nonrecurring [Member] | Carrying Value [Member]
Assets, Fair Value
Commercial loan secured by real estate	850,000	367,000
Consumer loan secured by real estate		84,000
Other Real Estate Owned	431,000	880,000
Impaired loans, Fair Value	$ 1,281,000	$ 1,331,000

Fair Value of Financial Instr38

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 ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Impaired Loans [Member]
Fair value of financial assets	$ 850,000	$ 451,000
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 factor2	7.00%	7.00%
Impaired Loans [Member] | Minimum [Member]
Range of Unobservable inputs used in fair value & weighting factor	0.00%	5.00%
Impaired Loans [Member] | Maximum [Member]
Range of Unobservable inputs used in fair value & weighting factor	5.00%	9.00%
Other Real Estate Owned [Member]
Fair value of financial assets	$ 431,000	$ 990,000
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	7.00%

Fair Value of Financial Instr39

Fair Value of Financial Instruments (Schedule of Fair Value Estimates for the Financial Instruments) (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Financial assets:
Securities available-for-sale	$ 97,637,000	$ 93,354,000
Securities held to maturity	62,427,000	60,738,000
FHLB-NY stock	2,608,000	2,608,000
Financial liabilities:
Subordinated debentures and subordinated notes	23,203,000	23,186,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Financial assets:
Cash and cash equivalents	13,319,000	10,910,000
Securities available-for-sale	$ 3,640,000	$ 3,573,000
Securities held to maturity
FHLB-NY stock
Mortgage loans held for sale
Loans, net
Accrued interest receivable		$ 1,000
Financial liabilities:
Deposits	$ 464,049,000	$ 459,327,000
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	$ 93,997,000	$ 89,781,000
Securities held to maturity	$ 63,447,000	$ 61,281,000
FHLB-NY stock
Mortgage loans held for sale
Loans, net
Accrued interest receivable	$ 562,000	$ 535,000
Financial liabilities:
Deposits	148,840,000	145,560,000
FHLB-NY Advances	$ 40,332,000	$ 40,222,000
Subordinated debentures and subordinated notes
Accrued interest payable	$ 390,000	$ 387,000
Interest rate swap		$ 62,000
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	$ 783,000	$ 1,522,000
Loans, net	529,999,000	527,479,000
Accrued interest receivable	$ 1,455,000	$ 1,432,000
Financial liabilities:
Deposits
FHLB-NY Advances
Subordinated debentures and subordinated notes	$ 23,092,000	$ 23,206,000
Accrued interest payable	103,000	$ 403,000
Interest rate swap
Carrying Value [Member]
Financial assets:
Cash and cash equivalents	13,319,000	$ 10,910,000
Securities available-for-sale	97,637,000	93,354,000
Securities held to maturity	62,427,000	60,738,000
FHLB-NY stock	2,608,000	2,608,000
Mortgage loans held for sale	783,000	1,522,000
Loans, net	519,407,000	517,556,000
Accrued interest receivable	2,017,000	1,967,000
Financial liabilities:
Deposits	612,426,000	604,753,000
FHLB-NY Advances	40,000,000	40,000,000
Subordinated debentures and subordinated notes	23,203,000	23,186,000
Accrued interest payable	$ 494,000	791,000
Interest rate swap		$ 62,000

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Stock options [Member]
Antidilutive securities excluded from computation of diluted EPS (in shares)	0	0

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Earnings Per Common Share) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Net income	$ 991,000	$ 917,000
Dividends on preferred stock		171,000
Net income available to common stockholders	$ 991,000	$ 746,000
Weighted average common shares outstanding - basic (in shares)	6,092,351	6,045,683
Effect of dilutive securities - stock options (in shares)
Weighted average common shares outstanding - diluted (in shares)	6,092,351	6,045,683
Basic earnings per common share (in dollars per share)	$ 0.16	$ 0.12
Diluted earnings per common share (in dollars per share)	$ 0.16	$ 0.12

Subordinated Debt (Schedule of

Subordinated Debt (Schedule of Subordinated Debt) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Subordinated Debt [Line Items]
Subordinated debt, carrying amount	$ 23,203,000	$ 23,186,000
Fixed / Floating Rate Junior Subordinated Debentures [Member]
Subordinated Debt [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 Debt [Line Items]
Subordinated debt, issue date	Aug. 28, 2015
Subordinated debt, maturity date	Aug. 25, 2025
Subordinated debt, carrying amount	$ 15,986,000	$ 15,969,000

Subordinated Debt (Details)

Subordinated Debt (Details)	Sep. 17, 2008	Sep. 17, 2003USD ($)	Mar. 31, 2016USD ($)item	Dec. 31, 2015	Aug. 28, 2015USD ($)	Sep. 16, 2008
Subordinated Debt [Line Items]
Number of maximum extended period for interest payment | item			20
Unamortized debt issuance costs			$ 614,000
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
Capital Securities [Member]
Subordinated Debt [Line Items]
Securities issued by the trust		$ 7,000,000
Interest rate (as a percentage)			3.59%	3.48%		6.75%
Variable Rate Basis	three month LIBOR plus
Spread on Variable Rate	2.95%
Subordinated Notes [Member]
Subordinated Debt [Line Items]
Interest rate (as a percentage)			3.59%	3.48%	6.75%	6.75%
Principal amount					$ 16,600,000

Accumulated Other Comprehensi44

Accumulated Other Comprehensive Income (Schedule of Components of Comprehensive Income) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accumulated Other Comprehensive Income [Abstract]
Net income, gross	$ 1,543,000	$ 1,370,000
Net income, tax effect	(552,000)	(453,000)
Net income	991,000	917,000
Other comprehensive (loss) income:
Change in unrealized holding gains (losses) on securities available for sale, gross	1,087,000	751,000
Change in unrealized holding gains (losses) on securities available for sale, tax effect	(415,000)	(288,000)
Change in unrealized holding gains (losses) on securities available for sale, net	672,000	463,000
Reclassification adjustment for gains in net income, gross	(24,000)	(152,000)
Reclassification adjustment for gains in net income, tax effect	9,000	61,000
Reclassification adjustment for gains in net income, net	(15,000)	(91,000)
Accretion of loss on securities reclassified to held to maturity, gross	72,000	139,000
Accretion of loss on securities reclassified to held to maturity, tax effect	(27,000)	(52,000)
Accretion of loss on securities reclassified to held to maturity, net	45,000	87,000
Change in fair value of interest rate swap, gross	62,000	57,000
Change in fair value of interest rate swap, tax effect	(25,000)	(23,000)
Change in fair value of interest rate swap, net	37,000	34,000
Total other comprehensive income, gross	1,197,000	795,000
Total other comprehensive income, tax effect	(458,000)	(302,000)
Total other comprehensive income	739,000	493,000
Total comprehensive income, gross	2,740,000	2,165,000
Total comprehensive income, tax effect	(1,010,000)	(755,000)
Total comprehensive income	$ 1,730,000	$ 1,410,000

Accumulated Other Comprehensi45

Accumulated Other Comprehensive Income (Schedule of Components of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Unrealized gains and losses on available for sale (AFS) securities
Balance at the beginning	$ (845,000)	$ (957,000)
Other comprehensive income (loss) before reclassifications	754,000	584,000
Amounts reclassified from other comprehensive income	(15,000)	(91,000)
Other comprehensive income (loss), net	739,000	493,000
Balance at the end	(106,000)	(464,000)
Unrealized Gains and (Losses) on Available-for-Sale (AFS) Securities [Member]
Unrealized gains and losses on available for sale (AFS) securities
Balance at the beginning	(610,000)	(392,000)
Other comprehensive income (loss) before reclassifications	672,000	463,000
Amounts reclassified from other comprehensive income	(15,000)	(91,000)
Other comprehensive income (loss), net	657,000	372,000
Balance at the end	47,000	(20,000)
Loss on securities reclassified from Available-for-Sale to Held to Maturity [Member]
Unrealized gains and losses on available for sale (AFS) securities
Balance at the beginning	(198,000)	(377,000)
Other comprehensive income (loss) before reclassifications	$ 45,000	$ 87,000
Amounts reclassified from other comprehensive income
Other comprehensive income (loss), net	$ 45,000	$ 87,000
Balance at the end	(153,000)	(290,000)
Unrealized Gains and (Losses) on Derivatives [Member]
Unrealized gains and losses on available for sale (AFS) securities
Balance at the beginning	(37,000)	(188,000)
Other comprehensive income (loss) before reclassifications	$ 37,000	$ 34,000
Amounts reclassified from other comprehensive income
Other comprehensive income (loss), net	$ 37,000	$ 34,000
Balance at the end		$ (154,000)

Accumulated Other Comprehensi46

Accumulated Other Comprehensive Income (Schedule of Amount Reclassified from each Component of Accumulated Other Comprehensive Income) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accumulated Other Comprehensive Income [Abstract]
Unrealized gains on AFS securities before tax	$ 24,000	$ 152,000
Tax effect	(9,000)	(61,000)
Total net of tax	15,000	91,000
Total reclassifications, net of tax	$ 15,000	$ 91,000