First Federal of Northern Michigan Bancorp (FFNM) 10-Q 14 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 13, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'First Federal of Northern Michigan Bancorp, Inc.	'
Entity Central Index Key	'0001128227	'
Entity Filer Category	'Smaller Reporting Company	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2014	'
Trading Symbol	'FFNM	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	3,727,014

Consolidated_Balance_Sheet_Una

Consolidated Balance Sheet (Unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013
ASSETS	'	'
Cash on hand and due from banks	$6,980,433	$2,760,010
Overnight deposits with FHLB	60,998	5,823
Total cash and cash equivalents	7,041,431	2,765,833
Securities AFS	115,259,801	50,358,175
Securities HTM	2,215,000	2,255,000
Loans held for sale	1,227,675	175,400
Loans receivable, net of allowance for loan losses of $1,464,275 and $1,471,622 as of September 30, 2014 and December 31, 2013, respectively	163,357,644	136,314,964
Foreclosed real estate and other repossessed assets	2,885,686	1,780,058
Federal Home Loan Bank stock, at cost	3,422,800	3,266,100
Premises and equipment	6,255,347	5,203,301
Assets held for sale	530,707	'
Accrued interest receivable	1,058,766	744,730
Intangible assets	1,349,723	39,732
Deferred tax asset	1,014,412	798,163
Originated mortgage servicing rights	735,590	860,024
Bank owned life insurance	4,697,415	4,610,070
Other assets	871,269	485,234
Total assets	311,923,267	209,656,784
Liabilities:	'	'
Deposits	258,506,307	160,029,115
Advances from borrowers for taxes and insurance	279,230	151,254
Federal Home Loan Bank Advances	21,768,864	24,813,409
Accrued expenses and other liabilities	1,396,177	1,138,324
Total liabilities	281,950,578	186,132,102
Stockholders' equity:	'	'
Common stock ($0.01 par value 20,000,000 shares authorized) 4,034,764 and 3,191,799 issued and outstanding as of September 30, 2014 and December 31, 2013, respectively	40,348	31,918
Additional paid-in capital	28,264,216	23,853,891
Retained earnings	4,520,179	2,763,242
Treasury stock at cost (307,750 shares) at September 30, 2014 and December 31, 2013	-2,963,918	-2,963,918
Accumulated other comprehensive income (loss)	111,864	-160,451
Total stockholders' equity	29,972,689	23,524,682
Total liabilities and stockholders' equity	$311,923,267	$209,656,784

Consolidated_Balance_Sheet_Una1

Consolidated Balance Sheet (Unaudited) (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Allowance for loan losses	$1,464,000	$1,471,622
Common stock, par value per share	$0.01	$0.01
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	4,034,764	3,191,799
Treasury stock, shares	307,750	307,750

Consolidated_Statement_of_Oper

Consolidated Statement of Operations and Comprehensive Income (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Interest income:	'	'	'	'
Interest and fees on loans	$1,933,858	$1,786,663	$5,335,249	$5,429,925
Interest and dividends on investments	'	'	'	'
Taxable	217,162	121,899	517,359	361,219
Tax-exempt	44,496	37,054	126,980	112,098
Interest on mortgage-backed securities	191,790	119,852	477,353	342,018
Total interest income	2,387,306	2,065,468	6,456,941	6,245,260
Interest expense:	'	'	'	'
Interest on deposits	204,812	201,046	583,060	631,586
Interest on borrowings	65,535	73,553	195,191	249,017
Total interest expense	270,348	274,599	778,251	880,603
Net Interest Income	2,116,958	1,790,869	5,678,690	5,364,657
Provision for loan losses	257,300	31,733	273,065	371,560
Net Interest Income after provision for loan losses	1,859,658	1,759,136	5,405,625	4,993,097
Non-interest income:	'	'	'	'
Service charges and other fees	206,499	240,103	575,717	654,822
Mortgage banking activities	127,044	155,869	351,126	487,993
Net gain on investment securities	646	'	646	'
Net loss on sale of premises and equipment, real estate owned and other repossessed assets	-1,054	-11,462	-27,118	-10,712
Bargain purchase gain	1,816,255	'	1,816,255	'
Other	75,550	74,468	188,900	231,831
Total non-interest income	2,224,940	458,978	2,905,525	1,363,934
Non-interest Expense	'	'	'	'
Compensation and employee benefits	1,330,948	1,179,082	3,549,599	3,472,983
FDIC Insurance Premiums	55,828	43,378	146,702	138,054
Advertising	53,815	27,676	125,439	95,391
Occupancy	273,602	237,924	729,547	689,578
Amortization of intangible assets	42,177	29,646	81,909	88,938
Service bureau charges	91,892	79,301	238,068	233,884
Professional services	50,152	68,208	219,560	304,904
Collection activity	4,806	42,840	34,302	106,603
Real estate owned & other repossessed assets	91,360	54,548	120,042	175,967
Merger related expense	139,525	38,941	264,259	38,941
Other	336,147	234,113	871,743	765,199
Total non-interest expense	2,470,252	2,035,657	6,381,170	6,110,442
Income before income tax expense	1,614,346	182,457	1,929,980	246,589
Net income	1,614,346	182,457	1,929,980	246,589
Other comprehensive Income (loss):	'	'	'	'
Unrealized gain (loss) on available-for-sale investment securities - net of tax	-161,334	557,775	272,315	-831,891
Reclassification adjustment for gains realized in earnings - net of tax	426	'	426	'
Comprehensive income (loss)	$1,453,438	$740,232	$2,202,721	($585,301)
Net Income per share	'	'	'	'
Basic	$0.48	$0.06	$0.63	$0.09
Diluted	$0.48	$0.06	$0.63	$0.09
Weighted average number of shares outstanding	'	'	'	'
Basic	3,369,670	2,884,049	3,047,702	2,884,049
Including dilutive stock options	3,369,670	2,884,049	3,047,702	2,884,049
Dividends per common share	$0.02	'	$0.06	'

Consolidated_Statement_of_Chan

Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (USD $)	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Total
Balance, beginning at Dec. 31, 2012	$31,918	($2,963,918)	$23,853,891	$2,766,170	$746,723	$24,434,784
Net income	'	'	'	246,589	'	246,589
Change in unrealized gain on available-for-sale securities, net of tax	'	'	'	'	-831,891	-831,891
Balance, ending at Sep. 30, 2013	31,918	-2,963,918	23,853,891	3,012,759	-85,168	23,849,482
Balance, beginning at Dec. 31, 2013	31,918	-2,963,918	23,853,891	2,763,242	-160,451	23,524,682
Exchange of Alpena Banking Corp Stock	8,430	'	4,410,325	'	'	4,418,755
Net income	'	'	'	1,929,980	'	1,929,980
Change in unrealized gain on available-for-sale securities, net of tax	'	'	'	'	272,315	272,315
Dividends declared	'	'	'	-173,043	'	'
Balance, ending at Sep. 30, 2014	$40,348	($2,963,918)	$28,264,216	$4,520,179	$111,864	$29,972,689

Consolidated_Statement_of_Chan1

Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (Parenthetical) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Statement of Stockholders' Equity [Abstract]	'	'
Exchange of Alpena Banking Corp Stock, shares	842,965	'
Tax on change in unrealized gain on available-for-sale securities	$140,284	$428,550

Consolidated_Statement_of_Cash

Consolidated Statement of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash Flows from Operating Activities:	'	'
Net income	$1,929,980	$246,589
Adjustments to reconcile net income to net cash from operating activities:	'	'
Depreciation and amortization	320,565	301,053
Provision for loan loss	273,065	371,560
Accretion of acquired loans	-17,659	'
Amortization and accretion on securities	345,067	439,662
Bargain purchase gain from bank acquisition	-1,816,255	'
Gain on investment securities	-646	'
Gain on sale of loans held for sale	-154,558	-207,229
Originations of loans held for sale	-9,623,562	-12,443,497
Proceeds from sale of loans held for sale	8,725,845	11,755,518
Loss (gain) on sale of fixed assets	22,934	-9,084
Loss on sale of real estate owned and other repossessed assets	4,184	19,796
Net change in:	'	'
Accrued interest receivable	-98,482	17,162
Other assets	-152,535	-300,039
Prepaid FDIC insurance premiums	'	582,945
Bank owned life insurance	-87,345	-100,728
Deferred income tax benefit	-19,534	'
Accrued expenses and other liabilities	190,638	-195,632
Net cash (used in) provided by operating activities	-158,298	478,076
Cash Flows from Investing Activities:	'	'
Cash received in bank acquisition	41,356,940	'
Net decrease (increase) in loans (loans originated, net of principal payments)	4,048,637	-678,131
Proceeds from maturity and sales of available-for-sale securities	7,732,474	12,840,206
Proceeds from sale of property and equipment	3,016	56,163
Proceeds from sale of real estate owned and other repossessed assets	412,850	1,339,307
Purchase of securities	-48,517,143	-14,017,425
Purchase of premises and equipment	-180,383	-55,065
Net cash provided by (used in) investing activities	4,856,391	-514,945
Cash Flows from Financing Activities:	'	'
Dividends paid on common stock	-173,043	'
Net increase in deposits	2,690,650	-295,870
Net increase in Repo Sweep accounts	'	2,377,100
Net increase in advances from borrowers	104,443	83,215
Advances from Federal Home Loan Bank	12,555,000	39,155,000
Repayments of Federal Home Loan Bank advances	-15,599,545	-40,497,389
Net cash provided by financing activities	-422,495	822,056
Net increase in cash and cash equivalents	4,275,598	785,187
Cash and cash equivalents at beginning of period	2,765,833	2,751,810
Cash and cash equivalents at end of period	7,041,431	6,324,728
Supplemental disclosure of cash flow information:	'	'
Cash paid during the period for interest	788,218	622,719
Transfers of loans to foreclosed real estate and repossessed assets	$1,481,000	$273,000

BASIS_OF_FINANCIAL_STATEMENT_P

BASIS OF FINANCIAL STATEMENT PRESENTATION	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
BASIS OF FINANCIAL STATEMENT PRESENTATION	'
	Note 1—BASIS OF FINANCIAL STATEMENT PRESENTATION
	The accompanying unaudited condensed consolidated interim financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America and with the instructions to Form 10-Q. Accordingly, certain information and disclosures required by accounting principles generally accepted in the United States of America for complete financial statements are not included herein. The interim financial statements should be read in conjunction with the financial statements of First Federal of Northern Michigan Bancorp, Inc. and Subsidiaries and the notes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2013.
	All adjustments, consisting only of normal recurring adjustments, which in the opinion of management are necessary for a fair presentation of financial position, results of operations and cash flows, have been made. The results of operations for the three and nine months ended September 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014.

PRINCIPLES_OF_CONSOLIDATION

PRINCIPLES OF CONSOLIDATION	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
PRINCIPLES OF CONSOLIDATION	'
	Note 2— PRINCIPLES OF CONSOLIDATION
	The consolidated financial statements include the accounts of First Federal of Northern Michigan Bancorp, Inc., First Federal of Northern Michigan (the “Bank”), and the Bank’s wholly owned subsidiaries, Financial Services & Mortgage Corporation (“FSMC”) and FFNM Agency. FSMC invests in real estate, which includes leasing, selling, developing, and maintaining real estate properties. The main activity of FFNM Agency is to collect the stream of income associated with the sale of the Blue Cross/Blue Shield override business to the Grotenhuis Group. All significant intercompany balances and transactions have been eliminated in the consolidation.

BUSINESS_COMBINATIONS

BUSINESS COMBINATIONS	9 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
BUSINESS COMBINATIONS	'
	Note 3 - BUSINESS COMBINATIONS
	As of August 8, 2014 ("Merger Date"), the Company completed its merger with Alpena Banking Corporation and its wholly owned subsidiary Bank of Alpena (“Alpena”). Alpena had one branch office and $102.9 million in assets as of August 8, 2014. The results of operations due to the merger have been included in the Company's results since the Merger Date. The merger was effected by the issuance of shares of the Company’s common stock to Alpena Banking Corporation shareholders. Each share of Alpena’s common stock was converted into the right to receive 1.549 shares of the Company’s common stock, with cash paid in lieu of fractional shares. The conversion of Alpena’s shares resulted in the issuance of 842,965 shares of the Company's common stock.
	The merger transaction was recorded using the acquisition method of accounting and accordingly, assets acquired, liabilities assumed and consideration exchanged were recorded at estimated fair values on the Merger Date. The following table provides the purchase price calculation as of the Merger Date and the identifiable assets acquired and liabilities assumed at their estimated fair values. These fair value measurements are provisional based on third-party valuations that are currently under review and are subject to refinement for up to one year after the Merger Date based on additional information that may be obtained by us that existed on the Merger Date.
	Purchase Price:
	(,000's omitted except per share data)
	First Federal of Northern Michigan Bancorp, Inc. common stock issued for Alpena Banking Corporation common shares		842,965
	Price per share, based on First Federal of Northern Michigan Bancorp, Inc. closing price on August 8, 2014	$	5.59
	Total purchase price	$	4,712,174.00
	Preliminary Statement of Net Assets Acquired at Fair Value:
	Assets
	Cash and cash equivalents	$	41,650,000
	Securities		24,008,000
	Loans		32,828,000
	Premises and Equipment		1,667,000
	Core Deposit Intangible		1,392,000
	Deferred Tax Asset		337,000
	Other Assets		524,000
	Total Assets	$	102,406,000
	Liabilities
	Deposits		95,787,000
	Other Liabilities		91,000
	Total Liabilities	$	95,878,000
	Net Identifiable Assets Acquired	$	6,528,000
	Bargain Purchase Gain	$	(1,816,000	)
	The results of operations for the three and nine months ended September 30, 2014 include the operating results of the acquired assets and assumed liabilities for the 51 days subsequent to the Merger Date. Alpena's results of operations prior to the Merger Date are not included in the Company's consolidated statement of comprehensive income.
	We recorded merger related expenses of $140,000 and $264,000 during the three and nine months ended September 30, 2014. These expenses were for professional services such as legal, accounting and contractual arrangements for consulting services. Alpena's entire operating system has been integrated with the Company's.
	The following table provides the unaudited pro forma information for the results of operations for the three and nine months ended September 30, 2014, as if the merger had occurred on January 1 of each year. These adjustments reflect the impact of certain purchase accounting fair value measurements, primarily on the loan and deposit portfolios of Bank of Alpena. In addition, the $264,000 in merger-related costs noted above are included in each period presented. Further operating cost savings are expected along with additional business synergies as a result of the merger which are not presented in the pro forma amounts. These unaudited pro forma results are presented for illustrative purposes only and are not intended to represent or be indicative of the actual results of operations of the combined banking organization that would have been achieved had the merger occurred at the beginning of each period presented, nor are they intended to represent or be indicative of future results of the Company.
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Net interest income	$	2,412,746		$	2,388,898		$	7,217,268		$	7,211,261
	Non-interest expense		2,851,736			2,931,486			7,920,539			8,312,999
	Net income		1,709,130			214,409			1,997,384			342,821
	Net income per diluted share		0.46			0.07			0.54			0.12
	In most instances, determining the fair value of the acquired assets and assumed liabilities required the Company to estimate the cash flows expected to result from those assets and liabilities and to discount those cash flows at appropriate rates of interest. The most significant of those determinations related to the valuation of acquired loans. For such loans, the excess cash flows expected at merger over the estimated fair value is recognized as interest income over the remaining lives of the loans. The difference between contractually required payments at merger and the cash flows expected to be collected at merger reflects the impact of estimated credit losses and other factors, such as prepayments. In accordance with the applicable accounting guidance for business combinations, there was no carry-over of Alpena's previously established allowance for loan losses.
	The acquired loans were divided into loans with evidence of credit quality deterioration, which are accounting for under ASC 310-30 ("acquired impaired"), and loans that do not meet the criteria, which are accounted for under ACC 310-20 ("acquired non-impaired"). In addition, the loans are further categorized into different pools based primarily on the type and purpose of the loan.
	The provisional fair value of loans as of the Merger Date is presented in the following table:
		Acquired			Acquired			Acquired
		Impaired			Non-Impaired			Total
		(in thousands)
	Real estate loans:
	Residential mortgages	$	397		$	6,992		$	7,389
	Commercial Loans:
	Contruction - real estate		—			109			109
	Secured by real estate		2,846			14,721			17,568
	Other		1,201			4,213			5,414
	Total commercial loans		4,048			19,043			23,091
	Consumer loans:
	Secured by real state		30			1,563			1,593
	Other		—			755			755
	Total consumer loans		30			2,318			2,348
	Total Loans	$	4,474		$	28,353		$	32,828
	The following table presents data on acquired impaired loans at the Merger Date:
		Acquired			Acquired			Acquired
		Impaired			Non-Impaired			Total
		(in thousands)
	Loans acquired- contractual required payments	$	5,930		$	28,587		$	34,517
	Non accretable difference		(1,456	)		—			(1,456	)
	Expected cash flows		4,474			28,587			33,062
	Accretable yield		—			(234	)		(234	)
	Carrying balance at acquisition date	$	4,474		$	28,353		$	32,828

SECURITIES

SECURITIES	9 Months Ended
	Sep. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
SECURITIES	'
	Note 4—SECURITIES
	Investment securities have been classified according to management’s intent. The carrying value and estimated fair value of securities are as follows:
		30-Sep-14
		Amortized		Gross			Gross			Market
		Cost		Unrealized			Unrealized Losses			Value
				Gains
		(in thousands)
	Securities Available for Sale
	U.S. Treasury securities and obligations of U.S.
	government corporations and agencies	$	25,665	$	38		$	(141	)	$	25,562
	Municipal obligations		22,803		350			(108	)		23,045
	Corporate bonds & other obligations		4,788		19			(1	)		4,806
	Mortgage-backed securities		61,832		296			(287	)		61,841
	Equity securities		2		4			—			7
	Total	$	115,090	$	707		$	(537	)	$	115,260
	Securities Held to Maturity
	Municipal obligations	$	2,215	$	102		$	—		$	2,317
			31-Dec-13
			Amortized		Gross Unrealized Gains			Gross Unrealized (Losses)			Market
			Cost								Value
			(in thousands)
	Securities Available for Sale
	U.S. Treasury securities and obligations of U.S.	$	7,111	$	36		$	(105	)		7,042
	government corporations and agencies
	Municipal obligations		13,694		216			(301	)		13,609
	Corporate bonds & other obligations		1,085		12			—			1,097
	Mortgage-backed securities		28,708		279			(384	)		28,603
	Equity securities		3		4			—			7
	Total	$	50,601	$	547		$	(790	)	$	50,358
	Securities Held to Maturity
	Municipal obligations	$	2,255	$	145		$	—		$	2,400
	The amortized cost and estimated market value of securities at September 30, 2014, by contract maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities with no specified maturity date are separately stated.
		30-Sep-14
		Amortized		Market
		Cost		Value
		(in thousands)
	Available For Sale:
	Due in one year or less	$	6,968	$	7,006
	Due after one year through five years		34,070		34,057
	Due in five year through ten years		10,888		10,902
	Due after ten years		1,330		1,448
	Subtotal		53,256		53,413
	Equity securities		2		7
	Mortgage-backed securities		61,832		61,840
	Total	$	115,090	$	115,260
	Held To Maturity:
	Due in one year or less	$	95	$	96
	Due after one year through five years		500		514
	Due in five year through ten years		715		762
	Due after ten years		905		945
	Total	$	2,215	$	2,317
	At September 30, 2014 and December 31, 2013, securities with a carrying value and fair value of $37,800,000 and $36,000,000, respectively, were pledged to certain deposit accounts, FHLB advances and our line of credit at the Federal Reserve.
	Gross proceeds from the sale of securities for the nine-months ended September 30, 2014 and 2013 were $218,000 and $0, respectively, resulting in gross gains of $646 and $0, respectively and gross losses of $0 and $0, respectively.
	The following is a summary of temporarily impaired investments that have been impaired for less than and more than twelve months as of September 30, 2014 and December 31, 2013:
		30-Sep-14
				Gross						Gross
				Unrealized						Unrealized
				Losses						Losses
		Fair Value		<12 months			Fair Value			> 12 months
		(in thousands)
	Available For Sale:
	U.S. Treasury securities and obligations of U.S.	$	14,867	$	(90	)	$	949		$	(51	)
	government corporations and agencies
Corporate bonds & other obligations		744		(1	)		—			—
Municipal obligations		3,931		(16	)		5,355			(93	)
Mortgage-backed securities		29,539		(155	)		4,878			(132	)
Equity securities		—		—			—			—
Total	$	49,080	$	(261	)	$	11,182		$	(276	)
Held to Maturity:
Municipal obligations	$	—	$	—		$	—		$	—
	31-Dec-13
			Gross						Gross
			Unrealized						Unrealized
			Losses						Losses
	Fair Value		<12 months			Fair Value			> 12 months
	(in thousands)
Available For Sale:
U.S. Treasury securities and obligations of U.S.	$	—	$	—		$	894		$	(105	)
government corporations and agencies
Municipal obligations		7,902		(243	)		1,668			(58	)
Mortgage-backed securities		14,471		(334	)		2,052			(50	)
Equity securities		—		—			—			—
Total	$	22,373	$	(577	)	$	4,614		$	(213	)
Held to Maturity:
Municipal obligations	$	—	$	—		$	—		$	—
As of September 30, 2014, there were 81 securities with unrealized losses totaling $537,000 compared to 39 securities with unrealized losses totaling $790,000 at December 31, 2013.
The unrealized losses on the securities held in the portfolio are not considered other than temporary and have not been recognized into income. This decision is based on the Company’s ability and intent to hold any potentially impaired security until maturity. The performance of the security is based on the contractual terms of the agreement, the extent of the impairment and the financial condition and credit quality of the issuer. The decline in market value is considered temporary and a result of changes in interest rates and other market variables.

LOANS

LOANS	9 Months Ended
	Sep. 30, 2014
Receivables [Abstract]	'
LOANS	'
	Note 5—LOANS
	Originated loans are reported at their principal amount outstanding adjusted for partial charge-offs, the allowance, and net deferred loan fees and costs. Interest income on loans is accrued over the term of the loans primarily using the simple interest method based on the principal balance outstanding. Interest is not accrued on loans where collectability is uncertain. Accrued interest is presented separately in the consolidated balance sheet. Loan origination fees and certain direct costs incurred to extend credit are deferred and amortized over the term of the loan or loan commitment period as an adjustment to the related loan yield.
	Acquired loans are those obtained in the Merger (See Note 3 – Business Combination for further information). These loans were recorded at estimated fair value at the Acquisition Date with no carryover of the related allowance. The acquired loans were segregated between those considered to be performing (“acquired non-impaired loans”) and those with evidence of credit deterioration (“acquired impaired loans”). Acquired loans are considered impaired if there is evidence of credit deterioration and if it is probable, at acquisition, that all contractually required payments will not be collected. Acquired loans restructured after acquisition are not considered or reported as troubled debt restructurings if the loans evidenced credit deterioration as of the Acquisition Date and are accounted for in pools. As of September 30, 2014, no acquired loans were modified as troubled debt restructurings after the Acquisition Date.
	The fair value estimates for acquired loans are based on expected prepayments and the amount and timing of discounted expected principal, interest and other cash flows. Credit discounts representing the principal losses expected over the life of the loan are also a component of the initial fair value. In determining the Acquisition Date fair value of acquired impaired loans, and in subsequent accounting, we have generally aggregated acquired mortgage, commercial and consumer loans into pools of loans with common risk characteristics.
	The difference between the fair value of an acquired non-impaired loan and contractual amounts due at the Acquisition Date is accreted into income over the estimated life of the loan. Contractually required payments represent the total undiscounted amount of all uncollected principal and interest payments. Acquired non-impaired loans are placed on nonaccrual status and reported as nonperforming or past due using the same criteria applied to the originated loan portfolio.
	The excess of an acquired impaired loan’s contractually required payments over the amount of its undiscounted cash flows expected to be collected is referred to as the non-accretable difference. The non-accretable difference, which is neither accreted into income nor recorded on the consolidated balance sheet, reflects estimated future credit losses and uncollectible contractual interest expected to be incurred over the life of the acquired impaired loan. The excess cash flows expected to be collected over the carrying amount of the acquired loan is referred to as the accretable yield. This amount is accreted into interest income over the remaining life of the acquired loans or pools using the level yield method. The accretable yield is affected by changes in interest rate indices for variable rate loans, changes in prepayment speed assumptions and changes in expected principal and interest payments over the estimated lives of the acquired impaired loans.
	We evaluate quarterly the remaining contractual required payments receivable and estimate cash flows expected to be collected over the life of the impaired loans. Contractually required payments receivable may increase or decrease for a variety of reasons, for example, when the contractual terms of the loan agreement are modified, when interest rates on variable rate loans change, or when principal and/or interest payments are received. Cash flows expected to be collected on acquired impaired loans are estimated by incorporating several key assumptions similar to the initial estimate of fair value. These key assumptions include probability of default, loss given default, and the amount of actual prepayments after the Acquisition Date. Prepayments affect the estimated lives of loans and could change the amount of interest income, and possibly principal, expected to be collected. In re-forecasting future estimated cash flows, credit loss expectations are adjusted as necessary. The adjustments are based, in part, on actual loss severities recognized for each loan type, as well as changes in the probability of default. For periods in which estimated cash flows are not re-forecasted, the prior reporting period’s estimated cash flows are adjusted to reflect the actual cash received and credit events that transpired during the current reporting period.
	Increases in expected cash flows of acquired impaired loans subsequent to the Acquisition Date are recognized prospectively through adjustments of the yield on the loans or pools over their remaining lives, while decreases in expected cash flows are recognized as impairment through a provision for loan losses and an increase in the allowance.
	The following table sets forth the composition of our loan portfolio by loan type at the dates indicated.
		At September 30,			At December 31,
		2014			2013
		(in thousands)
	Originated Loans:
	Real estate loans:
	Residential mortgage	$	65,526		$	63,839
	Commercial loans:
	Construction - real estate		634			173
	Secured by real estate		45,697			51,726
	Other		12,578			12,451
	Total commercial loans		58,909			64,350
	Consumer loans:
	Secured by real estate		7,905			8,730
	Other		1,098			1,165
	Total consumer loans		9,003			9,895
	Total gross loans	$	133,438		$	138,084
	Less:
	Net deferred loan fees		(266	)		(297	)
	Allowance for loan losses		(1,464	)		(1,472	)
	Total loans, net	$	131,708		$	136,315
		At September 30,
		2014
		(in thousands)
	Acquired Loans:
	Real estate loans:
	Residential mortgage	$	7,036
	Commercial loans:
	Construction - real estate		94
	Secured by real estate		17,170
	Other		5,288
	Total commercial loans		22,552
	Consumer loans:
	Secured by real estate		1,823
	Other		239
	Total consumer loans		2,062
	Total loans, net	$	31,650
	Total outstanding balance and carrying value of acquired impaired loans was $33.3 million and $31.7 million, respectively, as of September 30, 2014. Changes in the accretable yield for acquired impaired loans for the three and nine months ended September 30, 2014 were as follows:
		Acquired			Acquired
		Impaired			Non-Impaired			Acquired
		Non accretable			Accretable			Total
		(in thousands)
	Beginning of year	$	—		$	—		$	—
	Net discount associated with acquired loans		(1,456	)		(586	)		(2,041	)
	Premium		—			352			352
	Accretion of discount for credit spread		—			38			38
	Amortization of premium		—			(20	)		(20	)
		$	(1,456	)	$	(216	)	$	(1,672	)
	The following table illustrates the contractual aging of the recorded investment in past due loans by class of loans as of September 30, 2014 and December 31, 2013:
	Contractual Aging of Recorded Balance in Past Due Loans by Class of Loan
	As of September 30, 2014
		30 - 59			60 - 89			Greater									Total
								than												Recorded
																				Investment > 90
		Days			Days			90 Days			Total						Financing			Days and
	Past Due			Past Due			Past Due			Past Due			Current			Receivables			Accruing
	(dollars in thousands)
Originated Loans:
Commercial Real Estate:
Commercial Real Estate - construction	$	—		$	—		$	173		$	173		$	461		$	634		$	—
Commercial Real Estate - other		144			10			—			154			45,543			45,697			—
Commercial - non real estate		—			—			—			—			12,578			12,578			—
Consumer:
Consumer - Real Estate		19			4			12			35			7,870			7,905			—
Consumer - Other		—			—			3			3			1,095			1,098			3
Residential:
Residential		1,553			415			371			2,339			63,187			65,526			—
Total	$	1,716		$	429		$	559		$	2,704		$	130,734		$	133,438		$	3
	30 - 59			60 - 89			Greater									Total			Recorded
							than												Investment > 90
	Days			Days			90 Days			Total						Financing			Days and
	Past Due			Past Due			Past Due			Past Due			Current			Receivables			Accruing
	(dollars in thousands)
Acquired Loans:
Commercial Real Estate:
Commercial Real Estate - construction	$	—		$	—		$	—		$	—		$	94		$	94		$	—
Commercial Real Estate - other		461			—			91			552			16,618			17,170			—
Commercial - non real estate		82			—			105			187			5,101			5,288			—
Consumer:
Consumer - Real Estate		9			6			7			22			1,801			1,823			—
Consumer - Other		—			—			—			—			239			239			42
Residential:
Residential		92			—			525			617			6,419			7,036			225
Total	$	644		$	6		$	728		$	1,378		$	30,272		$	31,650		$	267
As of December 31, 2013
	30 - 59			60 - 89			Greater												Recorded
							than												Investment > 90
	Days			Days			90 Days			Total						Total			Days and
	Past Due			Past Due			Past Due			Past Due			Current			Loans			Accruing
	(dollars in thousands)
Commercial Real Estate:
Commercial Real Estate - construction	$	—		$	—		$	173		$	173		$	—		$	173		$	—
Commercial Real Estate - other		—			521			1,441			1,962			49,764			51,726			—
Commercial - non real estate		33			20			—			53			12,398			12,451			—
Consumer:
Consumer - Real Estate		54			55			—			109			8,621			8,730			—
Consumer - Other		—			4			2			6			1,159			1,165			2
Residential:
Residential		1,973			393			353			2,719			61,120			63,839			24
Total	$	2,060		$	993		$	1,969		$	5,022		$	133,062		$	138,084		$	26
The Bank uses an eight tier risk rating system to grade its commercial loans. The grade of a loan may change during the life of the loans. The risk ratings are described as follows:
Risk Grade 1 (Excellent) - Prime loans based on liquid collateral, with adequate margin or supported by strong financial statements. Probability of serious financial deterioration is unlikely. High liquidity, minimum risk, strong ratios, and low handling costs are common to these loans. This classification also includes all loans secured by certificates of deposit or cash equivalents.
Risk Grade 2 (Good) - Desirable loans of somewhat less stature than Grade 1, but with strong financial statements. Probability of serious financial deterioration is unlikely. These loans possess a sound repayment source (and/or a secondary source). These loans represent less than the normal degree of risk associated with the type of financing contemplated.
Risk Grade 3 (Satisfactory) - Satisfactory loans of average risk – may have some minor deficiency or vulnerability to changing economic conditions, but still fully collectible. There may be some minor weakness but with offsetting features or other support readily available. These loans present a normal degree of risk associated with the type of financing. Actual and projected indicators and market conditions provide satisfactory assurance that the credit shall perform in accordance with agreed terms.
Risk Grade 4 (Acceptable) - Loans considered satisfactory, but which are of slightly “below average” credit risk due to financial weaknesses or uncertainty. The loans warrant a somewhat higher than average level of monitoring to insure that weaknesses do not advance. The level of risk is considered acceptable and within normal underwriting guidelines, so long as the loan is given the proper level of management supervision.
Risk Grade 4.5 (Monitored) - Loans are considered “below average” and monitored more closely due to some credit deficiency that poses additional risk but is not considered adverse to the point of being a “classified” credit. Possible reasons for additional monitoring may include characteristics such as temporary negative debt service coverage due to weak economic conditions; borrower may have experienced recent losses from operations, declining equity and/or increasing leverage, or marginal liquidity that may affect long-term sustainability. Loans of this grade have a higher degree of risk and warrant close monitoring to insure against further deterioration. In any tables presented subsequently, Risk Grade 4.5 credits are included with Risk Grade 4 credits.
Risk Grade 5 (Other Assets Especially Mentioned) (OAEM) - Loans which possess some credit deficiency or potential weakness, which deserve close attention, but which do not yet warrant substandard classification. Such loans pose unwarranted financial risk that, if not corrected, could weaken the loan and increase risk in the future.
Risk Grade 6 (Substandard) - Loans are “substandard” whose full, final collectability does not appear to be a matter of serious doubt, but which nevertheless portray some form of well defined weakness that requires close supervision by Bank management. The noted weaknesses involve more than normal banking risk. One or more of the following characteristics may be exhibited in loans classified Substandard: (1) Loans possess a defined credit weakness and the likelihood that the loan shall be paid from the primary source of repayment is uncertain; (2) Loans are not adequately protected by the current net worth and/or paying capacity of the obligor; (3) primary source of repayment is gone, and the Bank is forced to rely on a secondary source of repayment such as collateral liquidation or guarantees; (4) distinct possibility that the Bank shall sustain some loss if deficiencies are not corrected; (5) unusual courses of action are needed to maintain a high probability of repayment; (6) the borrower is not generating enough cash flow to repay loan principal, however, continues to make interest payments; (7) the Bank is forced into a subordinated or unsecured position due to flaws in documentation; (8) loans have been restructured so that payment schedules, terms, and collateral represent concessions to the borrower when compared to normal loan terms; (9) the Bank is contemplating foreclosure or legal action due to the apparent deterioration in the loan; or (10) there is a significant deterioration in the market conditions and the borrower is highly vulnerable to these conditions.
Grade 7 (Doubtful) - Loans have all the weaknesses of those classified Substandard. Additionally, however, these weaknesses make collection or liquidation in full, based on existing conditions, improbable. Loans in this category are typically not performing in conformance with established terms and conditions. Full repayment is considered “Doubtful”, but extent of loss is not currently determinable.
Risk Grade 8 (Loss) - Loans are considered uncollectible and of such little value, that continuing to carry them as an asset on the Bank’s financial statements is not feasible.
The following table presents the risk category of loans by class of loans based on the most recent analysis performed as of September 30, 2014 and December 31, 2013:
As of September 30, 2014
	Commercial Real Estate			Commercial Real Estate
Loan Grade	Construction			Other			Commercial
	(dollars in thousands)
Originated Loans:
Risk Grades 1-2	$	—		$	—		$	—
Risk Grade 3		—			13,337			5,915
Risk Grade 4		461			21,253			5,836
Risk Grade 4.5		—			4,748			203
Risk Grade 5		—			4,949			624
Risk Grade 6		173			1,410			—
Risk Grade 7		—			—			—
Risk Grade 8		—			—			—
Total	$	634		$	45,697		$	12,578
Acquired Loans:
Risk Grades 1-2	$	—		$	295		$	1,245
Risk Grade 3		—			3,082			970
Risk Grade 4		94			11,914			1,397
Risk Grade 4.5		—			104			—
Risk Grade 5		—			1,110			1,514
Risk Grade 6		—			655			162
Risk Grade 7		—			9			—
Risk Grade 8		—			—			—
Total	$	94		$	17,170		$	5,288
As of December 31, 2013
	Commercial Real Estate			Commercial Real Estate
Loan Grade	Construction			Other			Commercial
	(dollars in thousands)
Risk Grades 1-2	$	—		$	—		$	—
Risk Grade 3		—			16,187			5,602
Risk Grade 4		—			24,327			6,528
Risk Grade 4.5		—			3,462			171
Risk Grade 5		—			4,835			45
Risk Grade 6		173			2,915			105
Risk Grade 7		—			—			—
Risk Grade 8		—			—			—
Total	$	173		$	51,726		$	12,451
For residential real estate and other consumer credit the Company also evaluates credit quality based on the aging status of the loan and by payment activity. Loans 60 or more days past due are monitored by the collection committee.
The following tables present the risk category of loans by class based on the most recent analysis performed as of September 30, 2014 and December 31, 2013:
As of September 30, 2014
		Residential			Consumer -			Consumer - Other
					Real Estate
Originated Loans:					(dollars in thousands)
Pass	$	64,950		$	7,879		$	1,095
Special Mention		—			—
Substandard		576			26			3
Total	$	65,526		$	7,905		$	1,098
		Residential			Consumer -			Consumer - Other
					Real Estate
Acquired Loans:					(dollars in thousands)
Pass	$	6,511		$	1,810		$	239
Special Mention		—
Substandard		525			13			—
Total	$	7,036		$	1,823		$	239
As of  December 31, 2013
		Residential			Consumer -			Consumer - Other
					Real Estate
					(dollars in thousands)
Loan Grade:
Pass	$	63,164		$	8,723		$	1,163
Special Mention		—			—			—
Substandard		675			7			2
Total	$	63,839		$	8,730		$	1,165
The following table presents the recorded investment in non-accrual loans by class as of September 30, 2014 and December 31, 2013:
	As of
	September 30,			December 31,
	2014			2013
	(in thousands)
Originated Loans:
Commercial Real Estate:
Commercial Real Estate - construction	$	173		$	173
Commercial Real Estate - other		10			1,454
Commercial		—			—
Consumer:
Consumer - real estate		26			7
Consumer - other		—			—
Residential:
Residential		576			651
Total	$	785		$	2,285
Acquired impaired loans are not subject to individual evaluation for impairment and are not reported as non-performing loans based on acquired impaired loan accounting. Acquired non-impaired loans are placed on non-accrual status and reported as past due or non-performing using the same criteria that is applied to the originated loan portfolio.
The key features of the Company’s loan modifications are determined on a loan-by-loan basis. Generally, our restructurings have related to interest rate reductions and loan term extensions. In the past the Company has granted reductions in interest rates, payment extensions and short-term payment forbearances as a means to maximize collectability of troubled credits. The Company has not forgiven principal to date, although this would be considered if necessary to ensure the long-term collectability of the loan. The Company’s loan modifications are typically short-term in nature, although the Company would consider a long-term modification to ensure the long-term collectability of the credit. At a minimum, a borrower must make at least six consecutive timely payments before the Company would consider a return of a restructured loan to accruing status in accordance with Federal Deposit Insurance Corporation guidelines regarding restoration of credits to accrual status.
The Bank has classified approximately $3.8 million of its impaired loans as troubled debt restructurings (“TDRs”) as of September 30, 2014. There were no commitments to extend credit to borrowers with loans classified as TDRs as of September 30, 2014 and December 31, 2013.
TDR loans are classified as being in default on a case by case basis when they fail to be in compliance with the modified terms. For the three and nine months ended September 30, 2014 and 2013 the Company did not have any new TDRs or TDRs that subsequently defaulted.
For the majority of the Bank’s impaired loans, the Bank will apply the observable market price methodology. However, the Bank may also utilize a measurement incorporating the present value of expected future cash flows discounted at the loan’s effective rate of interest. To determine observable market price, collateral asset values securing an impaired loan are periodically evaluated. Maximum time of re-evaluation is every 12 months. In this process, third party evaluations are obtained and heavily relied upon. Until such time that updated evaluations are received, the Bank may discount the collateral value used.
The Bank uses the following guidelines, as stated in policy, to determine when to realize a charge-off, whether a partial or full loan balance. A charge down in whole or in part is realized when unsecured consumer loans, credit card credits and overdraft lines of credit reach 90 days delinquency. At 120 days delinquency, secured consumer loans are charged down to the value of collateral, if repossession of the collateral is assured and/or in the process of repossession. Consumer mortgage loan deficiencies are charged down upon the sale of the collateral or sooner upon the recognition of collateral deficiency. Commercial credits are charged down at 90 days delinquency, unless an established and approved work-out plan is in place or litigation of the credit will likely result in recovery of the loan balance. Upon notification of bankruptcy, unsecured debt is charged off. Additional charge-offs may be realized as further unsecured positions are recognized.
The following tables present loans individually evaluated for impairment by class of loans as of September 30, 2014 and December 31, 2013:
										For the Three Months Ended						For the Nine Months Ended
Impaired Loans										September 30,						September 30,
As of September 30, 2014										2014						2014
	Unpaid Principal			Recorded			Related			Average			Interest			Average			Interest
	Balance			Investment			Allowance			Recorded			Income			Recorded			Income
										Investment			Recognized			Investment			Recognized
	(dollars in thousands)
With no specific allowance recorded:
Commercial Real Estate - Construction	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Commercial Real Estate - Other		1,442			1,441			—			1,444			21			1,499			63
Commercial - Other		—			—			—			—			—			—			—
Consumer - Real Estate		27			26			—			27			—			27			—
Consumer - Other		—			—			—			—			—			—			—
Residential		644			521			—			528			1			534			4
With a specific allowance recorded:
Commercial Real Estate - Construction		1,589			173			48			173			—			173			—
Commercial Real Estate - Other		389			389			11			392			5			396			13
Commercial - Other		—			—			—			—			—			—			—
Consumer - Real Estate		—			—			—			—			—			—			—
Consumer - Other		—			—			—			—			—			—			—
Residential		179			129			40			179			—			179			1
Totals:
Commercial Real Estate - Construction	$	1,589		$	173		$	48		$	173		$	—		$	173		$	—
Commercial Real Estate - Other	$	1,831		$	1,830		$	11		$	1,836		$	26		$	1,895		$	76
Commercial - Other	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Consumer - Real Estate	$	27		$	26		$	—		$	27		$	—		$	27		$	—
Consumer - Other	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Residential	$	823		$	650		$	40		$	707		$	1		$	713		$	5
										For the Three Months Ended						For the Nine Months Ended
Impaired Loans										September 30,						September 30,
As of December 31, 2013										2013						2013
	Unpaid Principal			Recorded			Related			Average			Interest			Average			Interest
	Balance			Investment			Allowance			Recorded			Income			Recorded			Income
										Investment			Recognized			Investment			Recognized
	(dollars in thousands)
With no related allowance recorded:
Commercial Real Estate - Construction	$	—		$	—		$	—		$	173		$	—		$	173		$	—
Commercial Real Estate - Other		1,789			1,788			—			4,189			56			4,065			148
Commercial - Other		—			—			—			—			—			—			—
Consumer - Real Estate		8			7			—			9			—			7			—
Consumer - Other		—			—			—			—			—			—			—
Residential		954			722			—			1,296			—			1,170			—
With a specific allowance recorded:
Commercial Real Estate - Construction		1,589			173			48			—			—			—			—
Commercial Real Estate - Other		3,980			3,391			182			2,030			—			2,030			—
Commercial - Other		—			—			—			—			—			—			—
Consumer - Real Estate		—			—			—			—			—			—			—
Consumer - Other		—			—			—			—			—			—			—
Residential		53			30			5			64			—			64			—
Totals:
Commercial Real Estate - Construction	$	1,589		$	173		$	48		$	173		$	—		$	173		$	—
Commercial Real Estate - Other	$	5,769		$	5,179		$	182		$	6,219		$	56		$	6,095		$	148
Commercial - Other	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Consumer - Real Estate	$	8		$	7		$	—		$	9		$	—		$	7		$	—
Consumer - Other	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Residential	$	1,007		$	752		$	5		$	1,360		$	—		$	1,234		$	—
Acquired loans are not subject to individual evaluation for impairment and are not reported as impaired loans based on acquired impaired loan accounting. Acquired non-impaired loans are placed on nonaccrual status and reported as impaired using the same criteria applied to the originated loan portfolio. In accordance with purchase accounting rules, acquired loans were recorded at fair value at the acquisition date and the prior allowance was eliminated. No allowance for loan loss has been established on these acquired loans through September 30, 2014.
The ALLL has a direct impact on the provision expense. An increase in the ALLL is funded through recoveries and provision expense.
Activity in the allowance for loan and lease losses was as follows for the three and nine months ended September 30, 2014 and September 30, 2013, respectively:
Allowance for Credit Losses and Recorded Investment in Financing Receivables
For the Three Months Ended September 30, 2014
	Commercial			Commercial			Commercial			Consumer			Consumer			Residential			Unallocated		Total
	Construction			Real Estate						Real Estate
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	48		$	426		$	72		$	38		$	16		$	783		$	104	$	1,487
Charge-offs		—			(225	)		—			(2	)		(17	)		(66	)		—		(310	)
Recoveries		—			14			1			3			—			12			—		30
Provision		2			18			(14	)		(1	)		6			211			35		257
Ending Balance	$	50		$	233		$	59		$	38		$	5		$	940		$	139	$	1,464
For the Nine Months Ended September 30, 2014
	Commercial			Commercial			Commercial			Consumer			Consumer			Residential			Unallocated		Total
	Construction			Real Estate						Real Estate
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	48		$	444		$	63		$	62		$	21		$	784		$	50	$	1,472
Charge-offs		—			(241	)		—			(15	)		(23	)		(111	)		—		(390	)
Recoveries		—			45			1			26			—			37			—		109
Provision		2			(15	)		(5	)		(35	)		7			230			89		273
Ending Balance	$	50		$	233		$	59		$	38		$	5		$	940		$	139	$	1,464
Loan Balances Individually Evaluated for Impairment
As of September 30, 2014
	Commercial			Commercial			Commercial			Consumer			Consumer			Residential			Unallocated		Total
	Construction			Real Estate						Real Estate
	(dollars in thousands)
Allowance for loan losses as of September 30, 2014
Ending balance: individually
evaluated for impairment	$	48		$	11		$	—		$	—		$	—		$	39		$	—	$	98
Ending balance: loans collectively
evaluated for impairment	$	2		$	222		$	59		$	38		$	5		$	901		$	139	$	1,366
Loans as of September 30, 2014
Loans:
Ending Balance	$	634		$	45,697		$	12,578		$	7,905		$	1,098		$	65,526		$	—	$	133,438
Ending balance: individually
evaluated for impairment	$	173		$	1,620		$	202		$	39		$	—		$	1,370		$	—	$	3,404
Ending balance: loans collectively
evaluated for impairment	$	461		$	44,077		$	12,376		$	7,866		$	1,098		$	64,156		$	—	$	130,034
For the Three Months Ended September 30, 2013
	Commercial			Commercial			Commercial			Consumer			Consumer			Residential			Unallocated		Total
	Construction			Real Estate						Real Estate
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	—		$	673		$	79		$	75		$	25		$	839		$	—	$	1,691
Charge-offs		—			—			—			(33	)		(1	)		(29	)		—		(63	)
Recoveries		—			46			—			2			—			85			—		133
Provision		—			87			(9	)		24			(4	)		(66	)		—		32
Ending Balance	$	—		$	806		$	70		$	68		$	20		$	829		$	—	$	1,793
For the Nine Months Ended September 30, 2013
	Commercial			Commercial			Commercial			Consumer			Consumer			Residential			Unallocated		Total
	Construction			Real Estate						Real Estate
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	64		$	579		$	69		$	99		$	33		$	906		$	—	$	1,750
Charge-offs		—			(85	)		—			(40	)		(13	)		(397	)		—		(535	)
Recoveries		—			57			—			34			5			110			—		206
Provision		(64	)		255			1			(25	)		(5	)		210			—		372
Ending Balance	$	—		$	806		$	70		$	68		$	20		$	829		$	—	$	1,793
Loan Balances Individually Evaluated for Impairment
As of September 30, 2013
	Commercial			Commercial			Commercial			Consumer			Consumer			Residential			Unallocated		Total
	Construction			Real Estate						Real Estate
	(dollars in thousands)
Allowance for loan losses as of September 30, 2014
Ending balance: individually
evaluated for impairment	$	—		$	510		$	—		$	—		$	—		$	21		$	—	$	531
Ending balance: loans collectively
evaluated for impairment	$	—		$	296		$	70		$	68		$	20		$	808		$	—	$	1,262
Loans as of September 30, 2014
Ending Balance	$	173		$	52,849		$	12,429		$	9,286		$	1,117		$	64,244		$	—	$	140,098
Ending balance: individually
evaluated for impairment	$	173		$	6,094		$	—		$	7		$	—		$	1,233		$	—	$	7,507
Ending balance: loans collectively
evaluated for impairment	$	—		$	46,755		$	12,429		$	9,279		$	1,117		$	63,011		$	—	$	132,591

DIVIDENDS

DIVIDENDS	9 Months Ended
	Sep. 30, 2014
Stockholders' Equity Note [Abstract]	'
DIVIDENDS	'
	Note 6 - DIVIDENDS
	We are dependent primarily upon the Bank for our earnings and funds to pay dividends on common stock. The payment of dividends also is subject to legal and regulatory restrictions. Any payment of dividends in the future will depend, in large part, on the Bank's earnings, capital requirements, financial condition and other factors considered by the Board of Directors.

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
STOCK-BASED COMPENSATION	'
	Note 7 – STOCK-BASED COMPENSATION
	Effective January 1, 2006, the Company adopted FASB ASC 718-10, “Shareholder Based Payments”, which requires that the grant-date fair value of awarded stock options be expensed over the requisite service period. The Company’s 1996 Stock Option Plan (the “1996 Plan”), which was approved by shareholders, permits the grant of options to purchase shares of common stock to its employees and directors for up to 127,491 shares of common stock (retroactively adjusted for the exchange ratio applied in the Company’s 2005 stock offering and related second-step conversion). The Company’s 2006 Stock-Based Incentive Plan (the “2006 Plan”), which was approved by shareholders, permits the award of up to 242,740 shares of common stock of which the maximum number to be granted as stock options is 173,386 and the maximum to be granted as restricted stock awards is 69,354. Option awards are granted with an exercise price equal to the market price of the Company’s stock at the date of grant. These option awards generally vest based on five years of continual service and have ten-year contractual terms. Certain options provide for accelerated vesting if there is a change in control (as defined in the Plans).
	During the nine months ended September 30, 2014 the Company awarded no shares under the either the 2006 or the 1996 Stock-Based Incentive Plan. Shares issued under the plans and exercised pursuant to the exercise of stock options may be either authorized but unissued shares or reacquired shares held by the Company as treasury stock.
	Stock Options - A summary of option activity under the Plan during the nine months ended September 30, 2014 is presented below:
	Options	Shares
					Weighted-		Weighted-
					Average		Average		Aggregate
					Exercise Price		Remaining		Intrinsic
							Contractual		Value
							Term
							(Years)
	Outstanding at January 1, 2014		150,030		$	9.52		2.4	$	—
	Granted		—			N/A
	Exercised		—			N/A
	Forfeited or expired		(12,500	)	$	9.26
	Outstanding at September 30, 2014		137,530		$	9.54		1.8	$	—
	Options Exercisable at September 30, 2014		137,530		$	9.54		1.8	$	—
	The aggregate intrinsic value of outstanding options shown in the table above represents the total pretax intrinsic value (i.e. the difference between the Company’s closing stock price of $5.33 on September 30, 2014 and the exercise price times the number of shares) that would have been received by the option holder had all option holders exercised their options on September 30, 2014. This amount changes based on the fair market value of the stock.
	As of September 30, 2014 the Company had no unrecognized compensation cost related to nonvested options under the Plan. There were no shares which vested during the quarter ended September 30, 2014. In addition, there were no non-vested options as of September 30, 2014.
	Restricted Stock Awards – As of September 30, 2014 all restricted stock awards have vested, therefore the Company had no unrecognized compensation costs under the Plan. There were 5,304 shares available for future stock award grants as of September 30, 2014.

COMMITMENTS_TO_EXTEND_CREDIT

COMMITMENTS TO EXTEND CREDIT	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
COMMITMENTS TO EXTEND CREDIT	'
	Note 8 – COMMITMENTS TO EXTEND CREDIT
	The Company is a party to credit-related financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby letters of credit, and commercial lines of credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated balance sheet. The Company’s exposure to credit loss is represented by the contracted amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance sheet instruments.
	At September 30, 2014, the Company had outstanding commitments to originate loans of $28.3 million. These commitments include the following:
		As of
		30-Sep-14
		(in thousands)
	Commitments to grant loans	$	12,841
	Unfunded commitments under lines of credit		15,284
	Commercial and standby letters of credit		134

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	Note 9 – FAIR VALUE MEASUREMENTS
	The fair value of financial assets and liabilities recorded at fair value is categorized in three levels. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. These levels are as follows:
	Level 1 — Valuations based on quoted prices in active markets, such as the New York Stock Exchange. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities.
	Level 2 — Valuations of assets and liabilities traded in less active dealer or broker markets. Valuations include quoted prices for similar assets and liabilities traded in the same market; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Valuations may be obtained from, or corroborated by, third-party pricing services.
	Level 3 — Assets and liabilities with valuations that include methodologies and assumptions that may not be readily observable, including option pricing models, discounted cash flow models, yield curves and similar techniques. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities, but in all cases are corroborated by external data, which may include third-party pricing services.
	The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis as of September 30, 2014 and December 31, 2013, and the valuation techniques used by the Company to determine those fair values.
	Assets and Liabilities Measured at Fair Value on a Recurring Basis at September 30, 2014
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Balance at September 30, 2014
			(Level 1)		(Level 2)		(Level 3)
	Assets
	Investment securities- available-for-sale:
	U.S. Treasury securities and obligations of U.S.	$	—	$	25,561	$	—	$	25,561
	government corporations and agencies
	Municipal obligations		—		23,045		—		23,045
	Corporate bonds & other obligations				4,807				4,807
	Mortgage-backed securities		—		61,840		—		61,840
	Equity securities		—		7		—		7
	Total investment securities - available-for-sale	$	—	$	115,260	$	—	$	115,260
	Assets and Liabilities Measured at Fair Value on a Recurring Basis at December 31, 2013
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Fair Value as of December 31, 2013
			(Level 1)		(Level 2)		(Level 3)
			(dollars in thousands)
	Assets
	Investment securities - available-for-sale:
	U.S. Treasury securities and obligations of U.S.	$	—	$	7,042	$	—	$	7,042
	government corporations and agencies
	Municipal obligations		—		13,609		—		13,609
	Corporate bonds & other obligations		—		1,097		—		1,097
	Mortgage-backed securities		—		28,603		—		28,603
	Equity securities		—		7		—		7
	Total investment securities - available-for-sale	$	—	$	50,358	$	—	$	50,358
	Fair value measurements of U.S. Government agencies and mortgage backed securities use pricing models that vary and may consider various assumptions, including time value, yield curves, volatility factors, prepayment speeds, default rates, loss severity, current market and contractual prices for the underlying financial instruments, as well as other relevant economic measures.
	There were no transfers between Levels 1 and 2 of the fair value hierarchy from December 31, 2013 to September 30, 2014. For the available for sale securities, the Company obtains fair value measurements from an independent third-party service.
	The Company has assets that, under certain conditions, are subject to measurement at fair value on a nonrecurring basis. At September 30, 2014 and December 31, 2013, such assets consist primarily of impaired loans and other real estate owned. The Company has estimated the fair values of these assets using Level 3 inputs, specifically discounted cash flow projections.
	Assets Measured at Fair Value on a Nonrecurring Basis at September 30, 2014
		Balance at		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
		September 30,		(Level 1)		(Level 2)		(Level 3)
		2014
		(dollars in thousands)
	Originated Assets:
	Impaired loans accounted for under FASB ASC 310-10	$	2,004	$	—	$	—	$	2,004
	Other real estate owned -residential mortgages	$	275	$	—	$	—	$	275
	Other Real estate owned - commercial	$	1,652	$	—	$	—	$	1,652
	Other repossessed assets	$	916	$	—	$	—	$	916
	Total assets at fair value on a non-recurring basis							$	3,637
	Acquired Assets:
	Impaired loans accounted for under FASB ASC 310-10	$	1,178	$	—	$	—	$	1,178
	Other real estate owned -residential mortgages	$	—	$	—	$	—	$	—
	Other Real estate owned - commercial	$	42	$	—	$	—	$	42
	Other repossessed assets	$	—	$	—	$	—	$	—
	Total assets at fair value on a non-recurring basis							$	1,220
	Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2013
			Balance at		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
			31-Dec-13		(Level 1)		(Level 2)		(Level 3)
			(dollars in thousands)
	Impaired loans accounted for under FASB ASC 310-10	$	5,352	$	—	$	—	$	5,352
	Other real estate owned -residential mortgages	$	285	$	—	$	—	$	285
	Other real estate owned - commercial	$	472	$	—	$	—	$	472
	Other repossessed assets	$	1,023	$	—	$	—	$	1,023
	Total assets at fair value on a non-recurring basis							$	7,132
	The following methods and assumptions were used by the Company in estimating fair value disclosures for financial instruments:
	Cash and Cash Equivalents - The carrying amounts of cash and short-term instruments approximate fair values.
	Investment Securities - Fair value for the Bank’s investment securities was determined using the market value in active markets, where available. When not available, fair values are estimated using the fair value hierarchy. In the fair value hierarchy, Level 2 fair values are determined using observable inputs other than Level 1 market prices, such as quoted prices for similar assets. Level 3 values are determined using unobservable inputs, such as discounted cash flow projections.
Loans Receivable - For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. Fair values for certain mortgage loans (e.g., one- to four-family residential), credit card loans, and other consumer loans are based on quoted market prices of similar loans sold in conjunction with securitization transactions, adjusted for differences in loan characteristics. Fair values for other loans (e.g., commercial real estate and investment property mortgage loans, commercial, and industrial loans) are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. Fair values for nonperforming loans are estimated using discounted cash flow analyses or underlying collateral values, where applicable.
Loans Held For Sale - Fair values of mortgage loans held for sale are based on commitments on hand from investors or prevailing market prices.
Federal Home Loan Bank Stock - The carrying value of Federal Home Loan Bank stock approximates fair value based on the redemption provisions of the Federal Home Loan Bank.
Deposit Liabilities - The fair values disclosed for demand deposits (e.g., interest and noninterest checking, passbook savings, and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). The carrying amounts of variable-rate, fixed-term money market accounts and certificates of deposit approximate their fair values at the reporting date. Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits.
Federal Home Loan Bank Advances - The estimated fair value of the fixed and variable rate Federal Home Loan Bank advances are estimated by discounting the related cash flows using the rates currently available for similarly structured borrowings with similar maturities.
Accrued Interest - The carrying amounts of accrued interest approximate fair value.
The estimated fair values, related carrying or notional amounts, and level of the Company’s financial instruments are as follows:
30-Sep-14	Carrying		Level 1		Level 2		Level 3		Total
	Value								Estimated
									Fair Value
	(dollars in thousands)
Financial assets:
Cash and cash equivalents	$	7,041	$	7,041	$	—	$	—	$	7,041
Securities available for sale		115,260		—		115,260		—		115,260
Securities held to maturity		2,215		—		2,317		—		2,317
Loans held for sale		1,228		—		—		1,228		1,228
Loans receivable - net		163,358		—		—		162,385		162,385
Federal Home Loan Bank stock		3,423		—		3,423		—		3,423
Accrued interest receivable		1,059		—		—		1,059		1,059
Financial liabilities:
Customer deposits		258,506		—		258,970		—		258,970
Federal Home Loan Bank advances		21,769		—		21,514		—		21,514
Accrued interest payable		92		—		—		92		92
31-Dec-13		Carrying		Level 1		Level 2		Level 3		Total Estimated Fair Value
		Value
		(dollars in thousands)
Financial assets:
Cash and cash equivalents	$	2,766	$	2,766	$	—	$	—	$	2,766
Securities available for sale		50,358		—		50,358		—		50,358
Securities held to maturity		2,255		—		2,400		—		2,400
Loans held for sale		175		—		—		178		178
Loans receivable - net		136,315		—		—		135,172		135,172
Federal Home Loan Bank stock		3,266		—		3,266		—		3,266
Accrued interest receivable		745		—		—		745		745
Financial liabilities:
Customer deposits		160,029		—		160,784		—		160,784
Federal Home Loan Bank advances		24,813		—		24,458		—		24,458
Accrued interest payable		89		—		—		89		89

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2014
Accounting Changes and Error Corrections [Abstract]	'
RECENT ACCOUNTING PRONOUNCEMENTS	'
	Note 10 - RECENT ACCOUNTING PRONOUNCEMENT
	In January of 2014, the FASB issued ASU 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. This ASU clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The ASU also requires additional related interim and annual disclosures. The guidance in this ASU is effective for annual and interim periods beginning after December 15, 2014. The adoption of this ASU is not expected to have a material effect on our financial position or results of operations.
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. This ASU establishes a comprehensive revenue recognition standard for virtually all industries under U.S. GAAP, including those that previously followed industry-specific guidance such as the real estate, construction and software industries. The revenue standard’s core principle is built on the contract between a vendor and a customer for the provision of goods and services. It attempts to depict the exchange of rights and obligations between the parties in the pattern of revenue recognition based on the consideration to which the vendor is entitled. To accomplish this objective, the standard requires five basic steps: i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. This ASU is effective for annual and interim periods beginning after December 15, 2016 with three transition methods available – full retrospective, retrospective and cumulative effect approach. Adoption of this ASU is not expected to have a material effect on our financial position or results of operations.

BUSINESS_COMBINATIONS_Tables

BUSINESS COMBINATIONS (Tables)	9 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
Schedule of purchase price of acquisition	'
	Purchase Price:
	(,000's omitted except per share data)
	First Federal of Northern Michigan Bancorp, Inc. common stock issued for Alpena Banking Corporation common shares		842,965
	Price per share, based on First Federal of Northern Michigan Bancorp, Inc. closing price on August 8, 2014	$	5.59
	Total purchase price	$	4,712,174.00
	Preliminary Statement of Net Assets Acquired at Fair Value:
	Assets
	Cash and cash equivalents	$	41,650,000
	Securities		24,008,000
	Loans		32,828,000
	Premises and Equipment		1,667,000
	Core Deposit Intangible		1,392,000
	Deferred Tax Asset		337,000
	Other Assets		524,000
	Total Assets	$	102,406,000
	Liabilities
	Deposits		95,787,000
	Other Liabilities		91,000
	Total Liabilities	$	95,878,000
	Net Identifiable Assets Acquired	$	6,528,000
	Bargain Purchase Gain	$	(1,816,000	)
Schedule of the unaudited pro forma information for the results of operations	'
	The following table provides the unaudited pro forma information for the results of operations for the three and nine months ended September 30, 2014, as if the merger had occurred on January 1 of each year. These adjustments reflect the impact of certain purchase accounting fair value measurements, primarily on the loan and deposit portfolios of Bank of Alpena. In addition, the $264,000 in merger-related costs noted above are included in each period presented. Further operating cost savings are expected along with additional business synergies as a result of the merger which are not presented in the pro forma amounts. These unaudited pro forma results are presented for illustrative purposes only and are not intended to represent or be indicative of the actual results of operations of the combined banking organization that would have been achieved had the merger occurred at the beginning of each period presented, nor are they intended to represent or be indicative of future results of the Company.
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Net interest income	$	2,412,746		$	2,388,898		$	7,217,268		$	7,211,261
	Non-interest expense		2,851,736			2,931,486			7,920,539			8,312,999
	Net income		1,709,130			214,409			1,997,384			342,821
	Net income per diluted share		0.46			0.07			0.54			0.12
Schedule of provisional fair value of loans on merger date	'
	The provisional fair value of loans as of the Merger Date is presented in the following table:
		Acquired			Acquired			Acquired
		Impaired			Non-Impaired			Total
		(in thousands)
	Real estate loans:
	Residential mortgages	$	397		$	6,992		$	7,389
	Commercial Loans:
	Contruction - real estate		—			109			109
	Secured by real estate		2,846			14,721			17,568
	Other		1,201			4,213			5,414
	Total commercial loans		4,048			19,043			23,091
	Consumer loans:
	Secured by real state		30			1,563			1,593
	Other		—			755			755
	Total consumer loans		30			2,318			2,348
	Total Loans	$	4,474		$	28,353		$	32,828
Schedule of acquired loans	'
	The following table presents data on acquired impaired loans at the Merger Date:
		Acquired			Acquired			Acquired
		Impaired			Non-Impaired			Total
		(in thousands)
	Loans acquired- contractual required payments	$	5,930		$	28,587		$	34,517
	Non accretable difference		(1,456	)		—			(1,456	)
	Expected cash flows		4,474			28,587			33,062
	Accretable yield		—			(234	)		(234	)
	Carrying balance at acquisition date	$	4,474		$	28,353		$	32,828

SECURITIES_Tables

SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
Schedule of carrying value and estimated fair value of securities	'
	Investment securities have been classified according to management’s intent. The carrying value and estimated fair value of securities are as follows:
		30-Sep-14
		Amortized		Gross			Gross			Market
		Cost		Unrealized			Unrealized Losses			Value
				Gains
		(in thousands)
	Securities Available for Sale
	U.S. Treasury securities and obligations of U.S.
	government corporations and agencies	$	25,665	$	38		$	(141	)	$	25,562
	Municipal obligations		22,803		350			(108	)		23,045
	Corporate bonds & other obligations		4,788		19			(1	)		4,806
	Mortgage-backed securities		61,832		296			(287	)		61,841
	Equity securities		2		4			—			7
	Total	$	115,090	$	707		$	(537	)	$	115,260
	Securities Held to Maturity
	Municipal obligations	$	2,215	$	102		$	—		$	2,317
			31-Dec-13
			Amortized		Gross Unrealized Gains			Gross Unrealized (Losses)			Market
			Cost								Value
			(in thousands)
	Securities Available for Sale
	U.S. Treasury securities and obligations of U.S.	$	7,111	$	36		$	(105	)		7,042
	government corporations and agencies
	Municipal obligations		13,694		216			(301	)		13,609
	Corporate bonds & other obligations		1,085		12			—			1,097
	Mortgage-backed securities		28,708		279			(384	)		28,603
	Equity securities		3		4			—			7
	Total	$	50,601	$	547		$	(790	)	$	50,358
	Securities Held to Maturity
	Municipal obligations	$	2,255	$	145		$	—		$	2,400
Schedule of amortized cost and market value of securities by maturity	'
	The amortized cost and estimated market value of securities at September 30, 2014, by contract maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities with no specified maturity date are separately stated.
		30-Sep-14
		Amortized		Market
		Cost		Value
		(in thousands)
	Available For Sale:
	Due in one year or less	$	6,968	$	7,006
	Due after one year through five years		34,070		34,057
	Due in five year through ten years		10,888		10,902
	Due after ten years		1,330		1,448
	Subtotal		53,256		53,413
	Equity securities		2		7
	Mortgage-backed securities		61,832		61,840
	Total	$	115,090	$	115,260
	Held To Maturity:
	Due in one year or less	$	95	$	96
	Due after one year through five years		500		514
	Due in five year through ten years		715		762
	Due after ten years		905		945
	Total	$	2,215	$	2,317
Summary schedule of temporily impaired investments	'
	The following is a summary of temporarily impaired investments that have been impaired for less than and more than twelve months as of September 30, 2014 and December 31, 2013:
		30-Sep-14
				Gross						Gross
				Unrealized						Unrealized
				Losses						Losses
		Fair Value		<12 months			Fair Value			> 12 months
		(in thousands)
	Available For Sale:
	U.S. Treasury securities and obligations of U.S.	$	14,867	$	(90	)	$	949		$	(51	)
	government corporations and agencies
	Corporate bonds & other obligations		744		(1	)		—			—
	Municipal obligations		3,931		(16	)		5,355			(93	)
	Mortgage-backed securities		29,539		(155	)		4,878			(132	)
	Equity securities		—		—			—			—
	Total	$	49,080	$	(261	)	$	11,182		$	(276	)
	Held to Maturity:
	Municipal obligations	$	—	$	—		$	—		$	—
		31-Dec-13
				Gross						Gross
				Unrealized						Unrealized
				Losses						Losses
		Fair Value		<12 months			Fair Value			> 12 months
		(in thousands)
	Available For Sale:
	U.S. Treasury securities and obligations of U.S.	$	—	$	—		$	894		$	(105	)
	government corporations and agencies
	Municipal obligations		7,902		(243	)		1,668			(58	)
	Mortgage-backed securities		14,471		(334	)		2,052			(50	)
	Equity securities		—		—			—			—
	Total	$	22,373	$	(577	)	$	4,614		$	(213	)
	Held to Maturity:
	Municipal obligations	$	—	$	—		$	—		$	—

LOANS_Tables

LOANS (Tables)	9 Months Ended
	Sep. 30, 2014
Receivables [Abstract]	'
Schedule of composition of loans categorized by the type of loan	'
	The following table sets forth the composition of our loan portfolio by loan type at the dates indicated.
		At September 30,			At December 31,
		2014			2013
		(in thousands)
	Originated Loans:
	Real estate loans:
	Residential mortgage	$	65,526		$	63,839
	Commercial loans:
	Construction - real estate		634			173
	Secured by real estate		45,697			51,726
	Other		12,578			12,451
	Total commercial loans		58,909			64,350
	Consumer loans:
	Secured by real estate		7,905			8,730
	Other		1,098			1,165
	Total consumer loans		9,003			9,895
	Total gross loans	$	133,438		$	138,084
	Less:
	Net deferred loan fees		(266	)		(297	)
	Allowance for loan losses		(1,464	)		(1,472	)
	Total loans, net	$	131,708		$	136,315
		At September 30,
		2014
		(in thousands)
	Acquired Loans:
	Real estate loans:
	Residential mortgage	$	7,036
	Commercial loans:
	Construction - real estate		94
	Secured by real estate		17,170
	Other		5,288
	Total commercial loans		22,552
	Consumer loans:
	Secured by real estate		1,823
	Other		239
	Total consumer loans		2,062
	Total loans, net	$	31,650
Schedule of the change in accretable yield of acquired impaired loans	'
	Changes in the accretable yield for acquired impaired loans for the three and nine months ended September 30, 2014 were as follows:
		Acquired			Acquired
		Impaired			Non-Impaired			Acquired
		Non accretable			Accretable			Total
		(in thousands)
	Beginning of year	$	—		$	—		$	—
	Net discount associated with acquired loans		(1,456	)		(586	)		(2,041	)
	Premium		—			352			352
	Accretion of discount for credit spread		—			38			38
	Amortization of premium		—			(20	)		(20	)
		$	(1,456	)	$	(216	)	$	(1,672	)
Schedule of past due loans	'
	The following table illustrates the contractual aging of the recorded investment in past due loans by class of loans as of September 30, 2014 and December 31, 2013:
	Contractual Aging of Recorded Balance in Past Due Loans by Class of Loan
	As of September 30, 2014
		30 - 59			60 - 89			Greater									Total
								than												Recorded
																				Investment > 90
		Days			Days			90 Days			Total						Financing			Days and
		Past Due			Past Due			Past Due			Past Due			Current			Receivables			Accruing
		(dollars in thousands)
	Originated Loans:
	Commercial Real Estate:
	Commercial Real Estate - construction	$	—		$	—		$	173		$	173		$	461		$	634		$	—
	Commercial Real Estate - other		144			10			—			154			45,543			45,697			—
	Commercial - non real estate		—			—			—			—			12,578			12,578			—
	Consumer:
	Consumer - Real Estate		19			4			12			35			7,870			7,905			—
	Consumer - Other		—			—			3			3			1,095			1,098			3
	Residential:
	Residential		1,553			415			371			2,339			63,187			65,526			—
	Total	$	1,716		$	429		$	559		$	2,704		$	130,734		$	133,438		$	3
		30 - 59			60 - 89			Greater									Total			Recorded
								than												Investment > 90
		Days			Days			90 Days			Total						Financing			Days and
		Past Due			Past Due			Past Due			Past Due			Current			Receivables			Accruing
		(dollars in thousands)
	Acquired Loans:
	Commercial Real Estate:
	Commercial Real Estate - construction	$	—		$	—		$	—		$	—		$	94		$	94		$	—
	Commercial Real Estate - other		461			—			91			552			16,618			17,170			—
	Commercial - non real estate		82			—			105			187			5,101			5,288			—
	Consumer:
	Consumer - Real Estate		9			6			7			22			1,801			1,823			—
	Consumer - Other		—			—			—			—			239			239			42
	Residential:
	Residential		92			—			525			617			6,419			7,036			225
	Total	$	644		$	6		$	728		$	1,378		$	30,272		$	31,650		$	267
	As of December 31, 2013
		30 - 59			60 - 89			Greater												Recorded
								than												Investment > 90
		Days			Days			90 Days			Total						Total			Days and
		Past Due			Past Due			Past Due			Past Due			Current			Loans			Accruing
		(dollars in thousands)
	Commercial Real Estate:
	Commercial Real Estate - construction	$	—		$	—		$	173		$	173		$	—		$	173		$	—
	Commercial Real Estate - other		—			521			1,441			1,962			49,764			51,726			—
	Commercial - non real estate		33			20			—			53			12,398			12,451			—
	Consumer:
	Consumer - Real Estate		54			55			—			109			8,621			8,730			—
	Consumer - Other		—			4			2			6			1,159			1,165			2
	Residential:
	Residential		1,973			393			353			2,719			61,120			63,839			24
	Total	$	2,060		$	993		$	1,969		$	5,022		$	133,062		$	138,084		$	26
Schedule of loans by risk category	'
	The following table presents the risk category of loans by class of loans based on the most recent analysis performed as of September 30, 2014 and December 31, 2013:
	As of September 30, 2014
		Commercial Real Estate			Commercial Real Estate
	Loan Grade	Construction			Other			Commercial
		(dollars in thousands)
	Originated Loans:
	Risk Grades 1-2	$	—		$	—		$	—
	Risk Grade 3		—			13,337			5,915
	Risk Grade 4		461			21,253			5,836
	Risk Grade 4.5		—			4,748			203
	Risk Grade 5		—			4,949			624
	Risk Grade 6		173			1,410			—
	Risk Grade 7		—			—			—
	Risk Grade 8		—			—			—
	Total	$	634		$	45,697		$	12,578
	Acquired Loans:
	Risk Grades 1-2	$	—		$	295		$	1,245
	Risk Grade 3		—			3,082			970
	Risk Grade 4		94			11,914			1,397
	Risk Grade 4.5		—			104			—
	Risk Grade 5		—			1,110			1,514
	Risk Grade 6		—			655			162
	Risk Grade 7		—			9			—
	Risk Grade 8		—			—			—
	Total	$	94		$	17,170		$	5,288
	As of December 31, 2013
		Commercial Real Estate			Commercial Real Estate
	Loan Grade	Construction			Other			Commercial
		(dollars in thousands)
	Risk Grades 1-2	$	—		$	—		$	—
	Risk Grade 3		—			16,187			5,602
	Risk Grade 4		—			24,327			6,528
	Risk Grade 4.5		—			3,462			171
	Risk Grade 5		—			4,835			45
	Risk Grade 6		173			2,915			105
	Risk Grade 7		—			—			—
	Risk Grade 8		—			—			—
	Total	$	173		$	51,726		$	12,451
	The following tables present the risk category of loans by class based on the most recent analysis performed as of September 30, 2014 and December 31, 2013:
	As of September 30, 2014
			Residential			Consumer -			Consumer - Other
						Real Estate
	Originated Loans:					(dollars in thousands)
	Pass	$	64,950		$	7,879		$	1,095
	Special Mention		—			—
	Substandard		576			26			3
	Total	$	65,526		$	7,905		$	1,098
			Residential			Consumer -			Consumer - Other
						Real Estate
	Acquired Loans:					(dollars in thousands)
	Pass	$	6,511		$	1,810		$	239
	Special Mention		—
	Substandard		525			13			—
	Total	$	7,036		$	1,823		$	239
	As of  December 31, 2013
			Residential			Consumer -			Consumer - Other
						Real Estate
						(dollars in thousands)
	Loan Grade:
	Pass	$	63,164		$	8,723		$	1,163
	Special Mention		—			—			—
	Substandard		675			7			2
	Total	$	63,839		$	8,730		$	1,165
Schedule of recorded investment in non-accrual loans by class	'
	The following table presents the recorded investment in non-accrual loans by class as of September 30, 2014 and December 31, 2013:
		As of
		September 30,			December 31,
		2014			2013
		(in thousands)
	Originated Loans:
	Commercial Real Estate:
	Commercial Real Estate - construction	$	173		$	173
	Commercial Real Estate - other		10			1,454
	Commercial		—			—
	Consumer:
	Consumer - real estate		26			7
	Consumer - other		—			—
	Residential:
	Residential		576			651
	Total	$	785		$	2,285
Schedule of loans individually evaluated for impairment	'
	The following tables present loans individually evaluated for impairment by class of loans as of September 30, 2014 and December 31, 2013:
											For the Three Months Ended						For the Nine Months Ended
	Impaired Loans										September 30,						September 30,
	As of September 30, 2014										2014						2014
		Unpaid Principal			Recorded			Related			Average			Interest			Average			Interest
		Balance			Investment			Allowance			Recorded			Income			Recorded			Income
											Investment			Recognized			Investment			Recognized
		(dollars in thousands)
	With no specific allowance recorded:
	Commercial Real Estate - Construction	$	—		$	—		$	—		$	—		$	—		$	—		$	—
	Commercial Real Estate - Other		1,442			1,441			—			1,444			21			1,499			63
	Commercial - Other		—			—			—			—			—			—			—
	Consumer - Real Estate		27			26			—			27			—			27			—
	Consumer - Other		—			—			—			—			—			—			—
	Residential		644			521			—			528			1			534			4
	With a specific allowance recorded:
	Commercial Real Estate - Construction		1,589			173			48			173			—			173			—
	Commercial Real Estate - Other		389			389			11			392			5			396			13
	Commercial - Other		—			—			—			—			—			—			—
	Consumer - Real Estate		—			—			—			—			—			—			—
	Consumer - Other		—			—			—			—			—			—			—
	Residential		179			129			40			179			—			179			1
	Totals:
	Commercial Real Estate - Construction	$	1,589		$	173		$	48		$	173		$	—		$	173		$	—
	Commercial Real Estate - Other	$	1,831		$	1,830		$	11		$	1,836		$	26		$	1,895		$	76
	Commercial - Other	$	—		$	—		$	—		$	—		$	—		$	—		$	—
	Consumer - Real Estate	$	27		$	26		$	—		$	27		$	—		$	27		$	—
	Consumer - Other	$	—		$	—		$	—		$	—		$	—		$	—		$	—
	Residential	$	823		$	650		$	40		$	707		$	1		$	713		$	5
											For the Three Months Ended						For the Nine Months Ended
	Impaired Loans										September 30,						September 30,
	As of December 31, 2013										2013						2013
		Unpaid Principal			Recorded			Related			Average			Interest			Average			Interest
		Balance			Investment			Allowance			Recorded			Income			Recorded			Income
											Investment			Recognized			Investment			Recognized
		(dollars in thousands)
	With no related allowance recorded:
	Commercial Real Estate - Construction	$	—		$	—		$	—		$	173		$	—		$	173		$	—
	Commercial Real Estate - Other		1,789			1,788			—			4,189			56			4,065			148
	Commercial - Other		—			—			—			—			—			—			—
	Consumer - Real Estate		8			7			—			9			—			7			—
	Consumer - Other		—			—			—			—			—			—			—
	Residential		954			722			—			1,296			—			1,170			—
	With a specific allowance recorded:
	Commercial Real Estate - Construction		1,589			173			48			—			—			—			—
	Commercial Real Estate - Other		3,980			3,391			182			2,030			—			2,030			—
	Commercial - Other		—			—			—			—			—			—			—
	Consumer - Real Estate		—			—			—			—			—			—			—
	Consumer - Other		—			—			—			—			—			—			—
	Residential		53			30			5			64			—			64			—
	Totals:
	Commercial Real Estate - Construction	$	1,589		$	173		$	48		$	173		$	—		$	173		$	—
	Commercial Real Estate - Other	$	5,769		$	5,179		$	182		$	6,219		$	56		$	6,095		$	148
	Commercial - Other	$	—		$	—		$	—		$	—		$	—		$	—		$	—
	Consumer - Real Estate	$	8		$	7		$	—		$	9		$	—		$	7		$	—
	Consumer - Other	$	—		$	—		$	—		$	—		$	—		$	—		$	—
	Residential	$	1,007		$	752		$	5		$	1,360		$	—		$	1,234		$	—
Schedule of activity in the allowance for loan losses	'
	Activity in the allowance for loan and lease losses was as follows for the three and nine months ended September 30, 2014 and September 30, 2013, respectively:
	Allowance for Credit Losses and Recorded Investment in Financing Receivables
	For the Three Months Ended September 30, 2014
		Commercial			Commercial			Commercial			Consumer			Consumer			Residential			Unallocated		Total
		Construction			Real Estate						Real Estate
		(dollars in thousands)
	Allowance for credit losses:
	Beginning Balance	$	48		$	426		$	72		$	38		$	16		$	783		$	104	$	1,487
	Charge-offs		—			(225	)		—			(2	)		(17	)		(66	)		—		(310	)
	Recoveries		—			14			1			3			—			12			—		30
	Provision		2			18			(14	)		(1	)		6			211			35		257
	Ending Balance	$	50		$	233		$	59		$	38		$	5		$	940		$	139	$	1,464
	For the Nine Months Ended September 30, 2014
		Commercial			Commercial			Commercial			Consumer			Consumer			Residential			Unallocated		Total
		Construction			Real Estate						Real Estate
		(dollars in thousands)
	Allowance for credit losses:
	Beginning Balance	$	48		$	444		$	63		$	62		$	21		$	784		$	50	$	1,472
	Charge-offs		—			(241	)		—			(15	)		(23	)		(111	)		—		(390	)
	Recoveries		—			45			1			26			—			37			—		109
	Provision		2			(15	)		(5	)		(35	)		7			230			89		273
	Ending Balance	$	50		$	233		$	59		$	38		$	5		$	940		$	139	$	1,464
	Loan Balances Individually Evaluated for Impairment
	As of September 30, 2014
		Commercial			Commercial			Commercial			Consumer			Consumer			Residential			Unallocated		Total
		Construction			Real Estate						Real Estate
		(dollars in thousands)
	Allowance for loan losses as of September 30, 2014
	Ending balance: individually
	evaluated for impairment	$	48		$	11		$	—		$	—		$	—		$	39		$	—	$	98
	Ending balance: loans collectively
	evaluated for impairment	$	2		$	222		$	59		$	38		$	5		$	901		$	139	$	1,366
	Loans as of September 30, 2014
	Loans:
	Ending Balance	$	634		$	45,697		$	12,578		$	7,905		$	1,098		$	65,526		$	—	$	133,438
	Ending balance: individually
	evaluated for impairment	$	173		$	1,620		$	202		$	39		$	—		$	1,370		$	—	$	3,404
	Ending balance: loans collectively
	evaluated for impairment	$	461		$	44,077		$	12,376		$	7,866		$	1,098		$	64,156		$	—	$	130,034
	For the Three Months Ended September 30, 2013
		Commercial			Commercial			Commercial			Consumer			Consumer			Residential			Unallocated		Total
		Construction			Real Estate						Real Estate
		(dollars in thousands)
	Allowance for credit losses:
	Beginning Balance	$	—		$	673		$	79		$	75		$	25		$	839		$	—	$	1,691
	Charge-offs		—			—			—			(33	)		(1	)		(29	)		—		(63	)
	Recoveries		—			46			—			2			—			85			—		133
	Provision		—			87			(9	)		24			(4	)		(66	)		—		32
	Ending Balance	$	—		$	806		$	70		$	68		$	20		$	829		$	—	$	1,793
	For the Nine Months Ended September 30, 2013
		Commercial			Commercial			Commercial			Consumer			Consumer			Residential			Unallocated		Total
		Construction			Real Estate						Real Estate
		(dollars in thousands)
	Allowance for credit losses:
	Beginning Balance	$	64		$	579		$	69		$	99		$	33		$	906		$	—	$	1,750
	Charge-offs		—			(85	)		—			(40	)		(13	)		(397	)		—		(535	)
	Recoveries		—			57			—			34			5			110			—		206
	Provision		(64	)		255			1			(25	)		(5	)		210			—		372
	Ending Balance	$	—		$	806		$	70		$	68		$	20		$	829		$	—	$	1,793
	Loan Balances Individually Evaluated for Impairment
	As of September 30, 2013
		Commercial			Commercial			Commercial			Consumer			Consumer			Residential			Unallocated		Total
		Construction			Real Estate						Real Estate
	(dollars in thousands)
Allowance for loan losses as of September 30, 2014
Ending balance: individually
evaluated for impairment	$	—		$	510		$	—		$	—		$	—		$	21		$	—	$	531
Ending balance: loans collectively
evaluated for impairment	$	—		$	296		$	70		$	68		$	20		$	808		$	—	$	1,262
Loans as of September 30, 2014
Ending Balance	$	173		$	52,849		$	12,429		$	9,286		$	1,117		$	64,244		$	—	$	140,098
Ending balance: individually
evaluated for impairment	$	173		$	6,094		$	—		$	7		$	—		$	1,233		$	—	$	7,507
Ending balance: loans collectively
evaluated for impairment	$	—		$	46,755		$	12,429		$	9,279		$	1,117		$	63,011		$	—	$	132,591

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of option activity	'
	Stock Options - A summary of option activity under the Plan during the nine months ended September 30, 2014 is presented below:
	Options	Shares
					Weighted-		Weighted-
					Average		Average		Aggregate
					Exercise Price		Remaining		Intrinsic
							Contractual		Value
							Term
							(Years)
	Outstanding at January 1, 2014		150,030		$	9.52		2.4	$	—
	Granted		—			N/A
	Exercised		—			N/A
	Forfeited or expired		(12,500	)	$	9.26
	Outstanding at September 30, 2014		137,530		$	9.54		1.8	$	—
	Options Exercisable at September 30, 2014		137,530		$	9.54		1.8	$	—

COMMITMENTS_TO_EXTEND_CREDIT_T

COMMITMENTS TO EXTEND CREDIT (Tables)	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of outstanding commitments	'
	At September 30, 2014, the Company had outstanding commitments to originate loans of $28.3 million. These commitments include the following:
		As of
		30-Sep-14
		(in thousands)
	Commitments to grant loans	$	12,841
	Unfunded commitments under lines of credit		15,284
	Commercial and standby letters of credit		134

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Schedule of assets and liabilities measured at fair value on a recurring basis	'
	The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis as of September 30, 2014 and December 31, 2013, and the valuation techniques used by the Company to determine those fair values.
	Assets and Liabilities Measured at Fair Value on a Recurring Basis at September 30, 2014
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Balance at September 30, 2014
			(Level 1)		(Level 2)		(Level 3)
	Assets
	Investment securities- available-for-sale:
	U.S. Treasury securities and obligations of U.S.	$	—	$	25,561	$	—	$	25,561
	government corporations and agencies
	Municipal obligations		—		23,045		—		23,045
	Corporate bonds & other obligations				4,807				4,807
	Mortgage-backed securities		—		61,840		—		61,840
	Equity securities		—		7		—		7
	Total investment securities - available-for-sale	$	—	$	115,260	$	—	$	115,260
	Assets and Liabilities Measured at Fair Value on a Recurring Basis at December 31, 2013
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Fair Value as of December 31, 2013
			(Level 1)		(Level 2)		(Level 3)
			(dollars in thousands)
	Assets
	Investment securities - available-for-sale:
	U.S. Treasury securities and obligations of U.S.	$	—	$	7,042	$	—	$	7,042
	government corporations and agencies
	Municipal obligations		—		13,609		—		13,609
	Corporate bonds & other obligations		—		1,097		—		1,097
	Mortgage-backed securities		—		28,603		—		28,603
	Equity securities		—		7		—		7
	Total investment securities - available-for-sale	$	—	$	50,358	$	—	$	50,358
Schedule of assets measured at fair value on a nonrecurring basis	'
	The Company has assets that, under certain conditions, are subject to measurement at fair value on a nonrecurring basis. At September 30, 2014 and December 31, 2013, such assets consist primarily of impaired loans and other real estate owned. The Company has estimated the fair values of these assets using Level 3 inputs, specifically discounted cash flow projections.
	Assets Measured at Fair Value on a Nonrecurring Basis at September 30, 2014
		Balance at		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
		September 30,		(Level 1)		(Level 2)		(Level 3)
		2014
		(dollars in thousands)
	Originated Assets:
	Impaired loans accounted for under FASB ASC 310-10	$	2,004	$	—	$	—	$	2,004
	Other real estate owned -residential mortgages	$	275	$	—	$	—	$	275
	Other Real estate owned - commercial	$	1,652	$	—	$	—	$	1,652
	Other repossessed assets	$	916	$	—	$	—	$	916
	Total assets at fair value on a non-recurring basis							$	3,637
	Acquired Assets:
	Impaired loans accounted for under FASB ASC 310-10	$	1,178	$	—	$	—	$	1,178
	Other real estate owned -residential mortgages	$	—	$	—	$	—	$	—
	Other Real estate owned - commercial	$	42	$	—	$	—	$	42
	Other repossessed assets	$	—	$	—	$	—	$	—
	Total assets at fair value on a non-recurring basis							$	1,220
	Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2013
			Balance at		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
			31-Dec-13		(Level 1)		(Level 2)		(Level 3)
			(dollars in thousands)
	Impaired loans accounted for under FASB ASC 310-10	$	5,352	$	—	$	—	$	5,352
	Other real estate owned -residential mortgages	$	285	$	—	$	—	$	285
	Other real estate owned - commercial	$	472	$	—	$	—	$	472
	Other repossessed assets	$	1,023	$	—	$	—	$	1,023
	Total assets at fair value on a non-recurring basis							$	7,132
Schedule of carrying value and estimated fair values of Financial Instruments	'
	The estimated fair values, related carrying or notional amounts, and level of the Company’s financial instruments are as follows:
	30-Sep-14	Carrying		Level 1		Level 2		Level 3		Total
		Value								Estimated
										Fair Value
		(dollars in thousands)
	Financial assets:
	Cash and cash equivalents	$	7,041	$	7,041	$	—	$	—	$	7,041
	Securities available for sale		115,260		—		115,260		—		115,260
	Securities held to maturity		2,215		—		2,317		—		2,317
	Loans held for sale		1,228		—		—		1,228		1,228
	Loans receivable - net		163,358		—		—		162,385		162,385
	Federal Home Loan Bank stock		3,423		—		3,423		—		3,423
	Accrued interest receivable		1,059		—		—		1,059		1,059
	Financial liabilities:
	Customer deposits		258,506		—		258,970		—		258,970
	Federal Home Loan Bank advances		21,769		—		21,514		—		21,514
	Accrued interest payable		92		—		—		92		92
	31-Dec-13		Carrying		Level 1		Level 2		Level 3		Total Estimated Fair Value
			Value
			(dollars in thousands)
	Financial assets:
	Cash and cash equivalents	$	2,766	$	2,766	$	—	$	—	$	2,766
	Securities available for sale		50,358		—		50,358		—		50,358
	Securities held to maturity		2,255		—		2,400		—		2,400
	Loans held for sale		175		—		—		178		178
	Loans receivable - net		136,315		—		—		135,172		135,172
	Federal Home Loan Bank stock		3,266		—		3,266		—		3,266
	Accrued interest receivable		745		—		—		745		745
	Financial liabilities:
	Customer deposits		160,029		—		160,784		—		160,784
	Federal Home Loan Bank advances		24,813		—		24,458		—		24,458
	Accrued interest payable		89		—		—		89		89

BUSINESS_COMBINATIONS_Details_

BUSINESS COMBINATIONS (Details Narrative) (USD $)	3 Months Ended		9 Months Ended			0 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Aug. 08, 2014	Dec. 31, 2013
						Bank of Alpena [Member]	Bank of Alpena [Member]
							Number
Number of branch offices	'	'	'	'	'	'	1
Total assets	$311,923,267	'	$311,923,267	'	$209,656,784	'	$102,900,000
Shares converted in merger, share ratio	'	'	'	'	'	$1.55	'
Shares issued for Alpena Banking corporation shares	'	'	'	'	'	842,965	'
Merger related expense	$139,525	$38,941	$264,259	$38,941	'	'	'

BUSINESS_COMBINATIONS_Details

BUSINESS COMBINATIONS (Details) (Bank of Alpena [Member], USD $)	0 Months Ended
	Aug. 08, 2014
Bank of Alpena [Member]	'
Shares issued for Alpena Banking corporation shares	842,965
Price per share	$5.59
Total purchase price	$4,712,174

BUSINESS_COMBINATIONS_Details_1

BUSINESS COMBINATIONS (Details 1) (USD $)	3 Months Ended	9 Months Ended	0 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Aug. 08, 2014
			Bank of Alpena [Member]
Assets	'	'	'
Cash and cash equivalents	'	'	$41,650,000
Securities	'	'	24,008,000
Loans	5,200,000	5,200,000	32,828,000
Premises and Equipment	'	'	1,667,000
Core deposit intangible	'	'	1,392,000
Deferred tax asset	'	'	337,000
Other Assets	'	'	524,000
Total Assets	'	'	102,406,000
Liabilities	'	'	'
Deposits	'	'	95,787,000
Other Liabilities	'	'	91,000
Total Liabilities	'	'	95,878,000
Net identifable Assets Acquired	'	'	6,528,000
Bargain purchase gain	($1,816,255)	($1,816,255)	($1,816,000)

BUSINESS_COMBINATIONS_Details_2

BUSINESS COMBINATIONS (Details 2) (Bank of Alpena [Member], USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Bank of Alpena [Member]	'	'	'	'
Pro-forma results	'	'	'	'
Net interest income	$2,412,746	$2,388,898	$7,217,268	$7,211,261
Non-interest expense	2,851,736	2,931,486	7,920,539	8,312,999
Net income	$1,709,130	$214,409	$1,997,384	$342,821
Net income per diluted shares	$0.46	$0.07	$0.54	$0.12

BUSINESS_COMBINATIONS_Details_3

BUSINESS COMBINATIONS (Details 3) (USD $)	Sep. 30, 2014	Aug. 08, 2014	Aug. 08, 2014	Aug. 08, 2014	Aug. 08, 2014	Aug. 08, 2014	Aug. 08, 2014	Aug. 08, 2014	Aug. 08, 2014	Aug. 08, 2014
		Bank of Alpena [Member]	Bank of Alpena [Member]	Bank of Alpena [Member]	Bank of Alpena [Member]	Bank of Alpena [Member]	Bank of Alpena [Member]	Bank of Alpena [Member]	Bank of Alpena [Member]	Bank of Alpena [Member]
			Residential Mortgage [Member]	Commercial Real Estate Construction [Member]	Commercial Secured by Real Estate [Member]	Commercial Real Estate Other [Member]	Total Commercial Loans [Member]	Consumer Real Estate [Member]	Consumer Other [Member]	Total Consumer Loans [Member]
Impaired acquired loans	'	$4,474,000	$397,000	$0	$2,846,000	$1,201,000	$4,048,000	$30,000	$0	$30,000
Non-impaired acquired loans	'	28,353,000	6,992,000	109,000	14,721,000	4,213,000	19,043,000	1,563,000	755,000	2,318,000
Acquired loans	$5,200,000	$32,828,000	$7,389,000	$109,000	$17,568,000	$5,414,000	$23,091,000	$1,593,000	$755,000	$2,348,000

BUSINESS_COMBINATIONS_Details_4

BUSINESS COMBINATIONS (Details 4) (USD $)	Sep. 30, 2014	Aug. 08, 2014	Aug. 08, 2014	Aug. 08, 2014
		Bank of Alpena [Member]	Bank of Alpena [Member]	Bank of Alpena [Member]
			Impaired Loans [Member]	Non-Impaired Loans [Member]
Loans acquired - contractual required payments	'	$34,517,000	$5,930,000	$28,587,000
Non accretable difference	'	-1,456,000	-1,456,000	'
Expected cash flows	'	33,062,000	4,474,000	28,587,000
Accretable yield	'	-234,000	'	-234,000
Acquired loans	$5,200,000	$32,828,000	$4,474,000	$28,353,000

SECURITIES_Details_Narrative

SECURITIES (Details Narrative) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
	Securities		Securities		Securities
Investments, Debt and Equity Securities [Abstract]	'	'	'	'	'
Securities pledged as collateral	$37,800,000	'	$37,800,000	'	$36,000,000
Proceeds from sale of securities	'	'	218,000	0	'
Gross realized gains	'	'	646	0	'
Gross realized losses	'	'	0	0	'
Number of securities with an unrealized loss	81	'	81	'	39
Gross unrealized losses	$537,000	$790,000	'	'	'

SECURITIES_Details

SECURITIES (Details) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Available for Sale	'	'
Available for Sale, Amortized Cost	$115,090,000	$50,601,000
Available for Sale, Gross Unrealized Gains	707,000	547,000
Available for Sale, Gross Unrealized Losses	537,000	790,000
Available for Sale, Market Value	115,259,801	50,358,175
Held to Maturity	'	'
Held to Maturity, Amortized Cost	2,215,000	2,255,000
Held to Maturity Securities, Gross Unrealized Gains	102,000	145,000
Held to Maturity, Market Value	2,317,000	2,400,000
US Treasury Securities and Obligations of US Government Corporations and Agencies [Member]	'	'
Available for Sale	'	'
Available for Sale, Amortized Cost	25,665,000	7,111,000
Available for Sale, Gross Unrealized Gains	38,000	36,000
Available for Sale, Gross Unrealized Losses	141,000	105,000
Available for Sale, Market Value	25,562,000	7,042,000
Municipal Obligations [Member]	'	'
Available for Sale	'	'
Available for Sale, Amortized Cost	22,803,000	13,694,000
Available for Sale, Gross Unrealized Gains	350,000	216,000
Available for Sale, Gross Unrealized Losses	108,000	301,000
Available for Sale, Market Value	23,045,000	13,609,000
Held to Maturity	'	'
Held to Maturity, Amortized Cost	2,215,000	2,255,000
Held to Maturity Securities, Gross Unrealized Gains	102,000	145,000
Held to Maturity, Market Value	2,317,000	2,400,000
Corporate Bonds and Other Obligations [Member]	'	'
Available for Sale	'	'
Available for Sale, Amortized Cost	4,788,000	1,085,000
Available for Sale, Gross Unrealized Gains	19,000	12,000
Available for Sale, Gross Unrealized Losses	1,000	'
Available for Sale, Market Value	4,806,000	1,097,000
Mortgage Backed Securities [Member]	'	'
Available for Sale	'	'
Available for Sale, Amortized Cost	61,832,000	28,708,000
Available for Sale, Gross Unrealized Gains	296,000	279,000
Available for Sale, Gross Unrealized Losses	287,000	384,000
Available for Sale, Market Value	61,841,000	28,603,000
Equity Securities [Member]	'	'
Available for Sale	'	'
Available for Sale, Amortized Cost	2,000	3,000
Available for Sale, Gross Unrealized Gains	4,000	4,000
Available for Sale, Market Value	$7,000	$7,000

SECURITIES_Details_1

SECURITIES (Details 1) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Amortized cost:	'	'
Total	$115,090	'
Market Value:	'	'
Total	115,260	'
Amortized Cost:	'	'
Due in one year or less	95	'
Due after one year through five years	500	'
Due after five years through ten years	715	'
Due after ten years	905	'
Total	2,215	'
Market Value:	'	'
Due in one year or less	96	'
Due after one year through five years	514	'
Due after five years through ten years	762	'
Due after ten years	945	'
Total	2,317	2,400
Available-for-sale Securities [Member]	'	'
Amortized cost:	'	'
Due in one year or less	6,968	'
Due after one year through five years	34,070	'
Due after five years through ten years	10,888	'
Due after ten years	1,330	'
Total	53,256	'
Market Value:	'	'
Due in one year or less	7,006	'
Due after one year through five years	34,057	'
Due after five years through ten years	10,902	'
Due after ten years	1,448	'
Total	53,413	'
Equity Securities [Member]	'	'
Amortized cost:	'	'
Total	2	'
Market Value:	'	'
Total	7	'
Mortgage Backed Securities [Member]	'	'
Amortized cost:	'	'
Total	61,832	'
Market Value:	'	'
Total	$61,840	'

SECURITIES_Details_2

SECURITIES (Details 2) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Securities available for sale	'	'
Fair Value Less Than 12 Months	$49,080	$22,373
Unrealized Loss Less Than 12 Months	-261	-577
Fair Value Less Than 12 Months or Longer	11,182	4,614
Unrealized Loss Less Than 12 Months or Longer	-276	-213
US Treasury Securities and Obligations of US Government Corporations and Agencies [Member]	'	'
Securities available for sale	'	'
Fair Value Less Than 12 Months	14,867	'
Unrealized Loss Less Than 12 Months	-90	'
Fair Value Less Than 12 Months or Longer	949	894
Unrealized Loss Less Than 12 Months or Longer	-51	-105
Corporate Bonds and Other Obligations [Member]	'	'
Securities available for sale	'	'
Fair Value Less Than 12 Months	744	'
Unrealized Loss Less Than 12 Months	-1	'
Municipal Obligations [Member]	'	'
Securities available for sale	'	'
Fair Value Less Than 12 Months	3,931	7,902
Unrealized Loss Less Than 12 Months	-16	-243
Fair Value Less Than 12 Months or Longer	5,355	1,668
Unrealized Loss Less Than 12 Months or Longer	-93	-58
Mortgage Backed Securities [Member]	'	'
Securities available for sale	'	'
Fair Value Less Than 12 Months	29,539	14,471
Unrealized Loss Less Than 12 Months	-155	-334
Fair Value Less Than 12 Months or Longer	4,878	2,052
Unrealized Loss Less Than 12 Months or Longer	($132)	($50)

LOANS_Details_Narrative

LOANS (Details Narrative) (USD $)	Sep. 30, 2014
In Thousands, unless otherwise specified
Receivables [Abstract]	'
Outstanding balance - acquired loans	$5,900
Acquired loans	5,200
Impaired loans - TDRs	$3,800

LOANS_Details

LOANS (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Dec. 31, 2012
Gross loans	$133,438,000	'	'	$140,098,000	'	'
Allowance for loan losses	-1,464,000	-1,487,000	-1,471,622	-1,793,000	-1,691,000	-1,750,000
Loans receivable, net	163,357,644	'	136,314,964	'	'	'
Residential Mortgage [Member]	'	'	'	'	'	'
Gross loans	'	'	'	64,244,000	'	'
Allowance for loan losses	'	-783,000	'	-829,000	-839,000	-906,000
Commercial Real Estate Construction [Member]	'	'	'	'	'	'
Gross loans	'	'	'	173,000	'	'
Allowance for loan losses	'	-48,000	'	'	'	-64,000
Commercial Secured by Real Estate [Member]	'	'	'	'	'	'
Gross loans	'	'	'	52,849,000	'	'
Allowance for loan losses	'	-426,000	'	-806,000	-673,000	-579,000
Commercial Real Estate Other [Member]	'	'	'	'	'	'
Gross loans	'	'	'	12,429,000	'	'
Allowance for loan losses	'	-72,000	'	-70,000	-79,000	-69,000
Consumer Real Estate [Member]	'	'	'	'	'	'
Gross loans	'	'	'	9,286,000	'	'
Allowance for loan losses	'	-38,000	'	-68,000	-75,000	-99,000
Consumer Other [Member]	'	'	'	'	'	'
Gross loans	'	'	'	1,117,000	'	'
Allowance for loan losses	'	-16,000	'	-20,000	-25,000	-33,000
Originated Loans [Member]	'	'	'	'	'	'
Gross loans	133,438,000	'	138,084,000	'	'	'
Net deferred loan fees	-266,000	'	-297,000	'	'	'
Allowance for loan losses	-1,464,000	'	1,471,622	'	'	'
Loans receivable, net	131,708,000	'	136,314,964	'	'	'
Originated Loans [Member] | Residential Mortgage [Member]	'	'	'	'	'	'
Gross loans	65,526,000	'	63,839,000	'	'	'
Allowance for loan losses	-940,000	'	-784,000	'	'	'
Originated Loans [Member] | Commercial Real Estate Construction [Member]	'	'	'	'	'	'
Gross loans	634,000	'	173,000	'	'	'
Allowance for loan losses	-50,000	'	-48,000	'	'	'
Originated Loans [Member] | Commercial Secured by Real Estate [Member]	'	'	'	'	'	'
Gross loans	45,697,000	'	51,726,000	'	'	'
Allowance for loan losses	-233,000	'	-444,000	'	'	'
Originated Loans [Member] | Commercial Real Estate Other [Member]	'	'	'	'	'	'
Gross loans	12,578,000	'	12,451,000	'	'	'
Allowance for loan losses	-59,000	'	-63,000	'	'	'
Originated Loans [Member] | Total Commercial Loans [Member]	'	'	'	'	'	'
Gross loans	58,909,000	'	64,350,000	'	'	'
Originated Loans [Member] | Consumer Real Estate [Member]	'	'	'	'	'	'
Gross loans	7,905,000	'	8,730,000	'	'	'
Allowance for loan losses	-38,000	'	-62,000	'	'	'
Originated Loans [Member] | Consumer Other [Member]	'	'	'	'	'	'
Gross loans	1,098,000	'	1,165,000	'	'	'
Allowance for loan losses	-5,000	'	-21,000	'	'	'
Originated Loans [Member] | Total Consumer Loans [Member]	'	'	'	'	'	'
Gross loans	9,003,000	'	9,895,000	'	'	'
Acquired Loans [Member]	'	'	'	'	'	'
Gross loans	31,650,000	'	'	'	'	'
Acquired Loans [Member] | Residential Mortgage [Member]	'	'	'	'	'	'
Gross loans	7,036,000	'	'	'	'	'
Acquired Loans [Member] | Commercial Real Estate Construction [Member]	'	'	'	'	'	'
Gross loans	94,000	'	'	'	'	'
Acquired Loans [Member] | Commercial Secured by Real Estate [Member]	'	'	'	'	'	'
Gross loans	17,170,000	'	'	'	'	'
Acquired Loans [Member] | Commercial Real Estate Other [Member]	'	'	'	'	'	'
Gross loans	5,288,000	'	'	'	'	'
Acquired Loans [Member] | Total Commercial Loans [Member]	'	'	'	'	'	'
Gross loans	22,552,000	'	'	'	'	'
Acquired Loans [Member] | Consumer Real Estate [Member]	'	'	'	'	'	'
Gross loans	1,823,000	'	'	'	'	'
Acquired Loans [Member] | Consumer Other [Member]	'	'	'	'	'	'
Gross loans	239,000	'	'	'	'	'
Acquired Loans [Member] | Total Consumer Loans [Member]	'	'	'	'	'	'
Gross loans	$2,062,000	'	'	'	'	'

LOANS_Details_1

LOANS (Details 1) (USD $)	9 Months Ended
	Sep. 30, 2014
Accretion of discount for credit spread	($17,659)
Acquired Loans [Member]	'
Net discount associated with accretable yield	-2,041,000
Premium	352,000
Accretion of discount for credit spread	38,000
Amortization of premium	-20,000
Accretable yield, end of year	-1,672,000
Acquired Loans [Member] | Impaired Loans [Member]	'
Net discount associated with accretable yield	-1,456,000
Accretable yield, end of year	-1,456,000
Acquired Loans [Member] | Non-Impaired Loans [Member]	'
Net discount associated with accretable yield	-586,000
Premium	352,000
Accretion of discount for credit spread	38,000
Amortization of premium	-20,000
Accretable yield, end of year	($216,000)

LOANS_Details_2

LOANS (Details 2) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
			Commercial Real Estate Construction [Member]	Commercial Secured by Real Estate [Member]	Commercial Real Estate Other [Member]	Consumer Real Estate [Member]	Consumer Other [Member]	Residential Mortgage [Member]	Originated Loans [Member]	Originated Loans [Member]	Originated Loans [Member]	Originated Loans [Member]	Originated Loans [Member]	Originated Loans [Member]	Originated Loans [Member]	Originated Loans [Member]	Originated Loans [Member]	Originated Loans [Member]	Originated Loans [Member]	Originated Loans [Member]	Originated Loans [Member]	Originated Loans [Member]	Acquired Loans [Member]	Acquired Loans [Member]	Acquired Loans [Member]	Acquired Loans [Member]	Acquired Loans [Member]	Acquired Loans [Member]	Acquired Loans [Member]
											Commercial Real Estate Construction [Member]	Commercial Real Estate Construction [Member]	Commercial Secured by Real Estate [Member]	Commercial Secured by Real Estate [Member]	Commercial Real Estate Other [Member]	Commercial Real Estate Other [Member]	Consumer Real Estate [Member]	Consumer Real Estate [Member]	Consumer Other [Member]	Consumer Other [Member]	Residential Mortgage [Member]	Residential Mortgage [Member]		Commercial Real Estate Construction [Member]	Commercial Secured by Real Estate [Member]	Commercial Real Estate Other [Member]	Consumer Real Estate [Member]	Consumer Other [Member]	Residential Mortgage [Member]
30-59 Days past due	'	'	'	'	'	'	'	'	$1,716,000	$2,060,000	'	'	$144,000	'	'	$33,000	$19,000	$54,000	'	'	$1,553,000	$1,973,000	$644,000	'	$461,000	$82,000	$9,000	'	$92,000
60-89 Days past due	'	'	'	'	'	'	'	'	429,000	993,000	'	'	10,000	521,000	'	20,000	4,000	55,000	'	4,000	415,000	393,000	6,000	'	'	'	6,000	'	'
Greater than 90 days past due	'	'	'	'	'	'	'	'	559,000	1,969,000	173,000	173,000	'	1,441,000	'	'	12,000	'	3,000	2,000	371,000	353,000	728,000	'	91,000	105,000	7,000	'	525,000
Total past due	'	'	'	'	'	'	'	'	2,704,000	5,022,000	173,000	173,000	154,000	1,962,000	'	53,000	35,000	109,000	3,000	6,000	2,339,000	2,719,000	1,378,000	'	552,000	187,000	22,000	'	617,000
Current	'	'	'	'	'	'	'	'	130,734,000	133,062,000	461,000	'	45,543,000	49,764,000	12,578,000	12,398,000	7,870,000	8,621,000	1,095,000	1,159,000	63,187,000	61,120,000	30,272,000	94,000	16,618,000	5,101,000	1,801,000	239,000	6,419,000
Gross loans	133,438,000	140,098,000	173,000	52,849,000	12,429,000	9,286,000	1,117,000	64,244,000	133,438,000	138,084,000	634,000	173,000	45,697,000	51,726,000	12,578,000	12,451,000	7,905,000	8,730,000	1,098,000	1,165,000	65,526,000	63,839,000	31,650,000	94,000	17,170,000	5,288,000	1,823,000	239,000	7,036,000
Recorded investment > 90 days and accruing	'	'	'	'	'	'	'	'	$3,000	$26,000	'	'	'	'	'	'	'	'	$3,000	$2,000	'	$24,000	$267,000	'	'	'	'	$42,000	$25,000

LOANS_Details_3

LOANS (Details 3) (USD $)

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Commercial Real Estate Construction [Member]

Commercial Secured by Real Estate [Member]

Commercial Real Estate Other [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Commercial Real Estate Construction [Member]

Commercial Real Estate Construction [Member]

Commercial Real Estate Construction [Member]

Commercial Real Estate Construction [Member]

Commercial Real Estate Construction [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Real Estate Other [Member]

Commercial Real Estate Other [Member]

Commercial Real Estate Other [Member]

Commercial Real Estate Other [Member]

Commercial Real Estate Other [Member]

Commercial Real Estate Other [Member]

Commercial Real Estate Other [Member]

Commercial Real Estate Other [Member]

Commercial Real Estate Other [Member]

Commercial Real Estate Other [Member]

Commercial Real Estate Other [Member]

Commercial Real Estate Construction [Member]

Commercial Real Estate Construction [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Secured by Real Estate [Member]

Commercial Real Estate Other [Member]

Commercial Real Estate Other [Member]

Commercial Real Estate Other [Member]

Commercial Real Estate Other [Member]

Commercial Real Estate Other [Member]

Commercial Real Estate Other [Member]

Risk Grade 4 (Acceptable) [Member]

Risk Grade 6 (Substandard) [Member]

Risk Grade 6 (Substandard) [Member]

Risk Grade 3 (Satisfactory) [Member]

Risk Grade 3 (Satisfactory) [Member]

Risk Grade 4 (Acceptable) [Member]

Risk Grade 4 (Acceptable) [Member]

Risk Grade 4.5 (Monitored) [Member]

Risk Grade 4.5 (Monitored) [Member]

Risk Grade 5 (Other Assets Especially Mentioned) [Member]

Risk Grade 5 (Other Assets Especially Mentioned) [Member]

Risk Grade 6 (Substandard) [Member]

Risk Grade 6 (Substandard) [Member]

Risk Grade 3 (Satisfactory) [Member]

Risk Grade 3 (Satisfactory) [Member]

Risk Grade 4 (Acceptable) [Member]

Risk Grade 4 (Acceptable) [Member]

Risk Grade 4.5 (Monitored) [Member]

Risk Grade 4.5 (Monitored) [Member]

Risk Grade 5 (Other Assets Especially Mentioned) [Member]

Risk Grade 5 (Other Assets Especially Mentioned) [Member]

Risk Grade 6 (Substandard) [Member]

Risk Grade 4 (Acceptable) [Member]

Risk Grade 1 (Excellent) and Grade 2 (Good) [Member]

Risk Grade 3 (Satisfactory) [Member]

Risk Grade 4 (Acceptable) [Member]

Risk Grade 4.5 (Monitored) [Member]

Risk Grade 5 (Other Assets Especially Mentioned) [Member]

Risk Grade 6 (Substandard) [Member]

Risk Grade 7 (Doubtful) [Member]

Risk Grade 1 (Excellent) and Grade 2 (Good) [Member]

Risk Grade 3 (Satisfactory) [Member]

Risk Grade 4 (Acceptable) [Member]

Risk Grade 5 (Other Assets Especially Mentioned) [Member]

Risk Grade 6 (Substandard) [Member]

Gross loans

$133,438,000

$140,098,000

$173,000

$52,849,000

$12,429,000

$133,438,000

$138,084,000

$634,000

$173,000

$461,000

$173,000

$173,000

$45,697,000

$51,726,000

$13,337,000

$16,187,000

$21,253,000

$24,327,000

$4,748,000

$3,462,000

$4,949,000

$4,835,000

$1,410,000

$2,915,000

$12,578,000

$12,451,000

$5,915,000

$5,602,000

$5,836,000

$6,528,000

$203,000

$171,000

$624,000

$45,000

$105,000

$31,650,000

$94,000

$94,000

$17,170,000

$295,000

$3,082,000

$11,914,000

$104,000

$1,110,000

$655,000

$9,000

$5,288,000

$1,245,000

$970,000

$1,397,000

$1,514,000

$162,000

LOANS_Details_4

LOANS (Details 4) (USD $)

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Residential Mortgage [Member]

Consumer Real Estate [Member]

Consumer Other [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Originated Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Acquired Loans [Member]

Residential Mortgage [Member]

Residential Mortgage [Member]

Residential Mortgage [Member]

Residential Mortgage [Member]

Residential Mortgage [Member]

Residential Mortgage [Member]

Consumer Real Estate [Member]

Consumer Real Estate [Member]

Consumer Real Estate [Member]

Consumer Real Estate [Member]

Consumer Real Estate [Member]

Consumer Real Estate [Member]

Consumer Other [Member]

Consumer Other [Member]

Consumer Other [Member]

Consumer Other [Member]

Consumer Other [Member]

Consumer Other [Member]

Residential Mortgage [Member]

Residential Mortgage [Member]

Residential Mortgage [Member]

Consumer Real Estate [Member]

Consumer Real Estate [Member]

Consumer Real Estate [Member]

Consumer Other [Member]

Consumer Other [Member]

Pass [Member]

Pass [Member]

Risk Grade 6 (Substandard) [Member]

Risk Grade 6 (Substandard) [Member]

Pass [Member]

Pass [Member]

Risk Grade 6 (Substandard) [Member]

Risk Grade 6 (Substandard) [Member]

Pass [Member]

Pass [Member]

Risk Grade 6 (Substandard) [Member]

Risk Grade 6 (Substandard) [Member]

Pass [Member]

Risk Grade 6 (Substandard) [Member]

Pass [Member]

Risk Grade 6 (Substandard) [Member]

Pass [Member]

Gross loans

$133,438,000

$140,098,000

$64,244,000

$9,286,000

$1,117,000

$133,438,000

$138,084,000

$65,526,000

$63,839,000

$4,950,000

$63,164,000

$576,000

$675,000

$7,905,000

$8,730,000

$7,879,000

$8,723,000

$26,000

$7,000

$1,098,000

$1,165,000

$1,095,000

$1,163,000

$3,000

$2,000

$31,650,000

$7,036,000

$6,511,000

$525,000

$1,823,000

$1,810,000

$13,000

$239,000

$239,000

LOANS_Details_5

LOANS (Details 5) (Originated Loans [Member], USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Recorded investment in non-accrual loans	$785	$2,285
Commercial Real Estate Construction [Member]	'	'
Recorded investment in non-accrual loans	173	173
Commercial Secured by Real Estate [Member]	'	'
Recorded investment in non-accrual loans	10	1,454
Consumer Real Estate [Member]	'	'
Recorded investment in non-accrual loans	26	7
Residential Mortgage [Member]	'	'
Recorded investment in non-accrual loans	$576	$651

LOANS_Details_6

LOANS (Details 6) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Commercial Real Estate Construction [Member]	'	'	'	'	'
With no related allowance recorded:	'	'	'	'	'
Average Recorded Investment	'	$173	'	$173	'
With an allowance recorded:	'	'	'	'	'
Unpaid Principal	1,589	'	1,589	'	1,589
Recorded Investment	173	'	173	'	173
Related allowance	48	'	48	'	48
Average Recorded Investment	173	'	173	'	'
Total	'	'	'	'	'
Unpaid Principal	1,589	'	1,589	'	1,589
Recorded Investment	173	'	173	'	173
Average Recorded Investment	173	173	173	173	'
Commercial Secured by Real Estate [Member]	'	'	'	'	'
With no related allowance recorded:	'	'	'	'	'
Unpaid Principal	1,442	'	1,442	'	1,789
Recorded Investment	1,441	'	1,441	'	1,788
Average Recorded Investment	1,444	4,189	1,499	4,065	'
Interest income recognized	21	56	63	148	'
With an allowance recorded:	'	'	'	'	'
Unpaid Principal	389	'	389	'	3,980
Recorded Investment	389	'	389	'	3,391
Related allowance	11	'	11	'	182
Average Recorded Investment	392	2,030	396	2,030	'
Interest income recognized	5	'	13	'	'
Total	'	'	'	'	'
Unpaid Principal	1,831	'	1,831	'	5,769
Recorded Investment	1,830	'	1,830	'	5,179
Average Recorded Investment	1,836	6,219	1,895	6,095	'
Interest income recognized	26	56	76	148	'
Consumer Real Estate [Member]	'	'	'	'	'
With no related allowance recorded:	'	'	'	'	'
Unpaid Principal	27	'	27	'	8
Recorded Investment	26	'	26	'	7
Average Recorded Investment	27	9	27	7	'
Total	'	'	'	'	'
Unpaid Principal	27	'	27	'	8
Recorded Investment	26	'	26	'	7
Average Recorded Investment	27	9	27	7	'
Residential Mortgage [Member]	'	'	'	'	'
With no related allowance recorded:	'	'	'	'	'
Unpaid Principal	644	'	644	'	954
Recorded Investment	521	'	521	'	722
Average Recorded Investment	528	1,296	534	1,170	'
Interest income recognized	1	'	4	'	'
With an allowance recorded:	'	'	'	'	'
Unpaid Principal	179	'	179	'	53
Recorded Investment	129	'	129	'	30
Related allowance	40	'	40	'	5
Average Recorded Investment	179	64	179	64	'
Interest income recognized	'	'	1	'	'
Total	'	'	'	'	'
Unpaid Principal	823	'	823	'	1,007
Recorded Investment	650	'	650	'	752
Average Recorded Investment	707	1,360	713	1,234	'
Interest income recognized	$1	'	$5	'	'

LOANS_Details_7

LOANS (Details 7) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Allowance for loan losses:	'	'	'	'
Beginning Balance	$1,487,000	$1,691,000	$1,471,622	$1,750,000
Charge offs	-310,000	-63,000	-390,000	-535,000
Recoveries	30,000	133,000	109,000	206,000
Provision	257,300	31,733	273,065	371,560
Ending balance	1,464,000	1,793,000	1,464,000	1,793,000
Individually evaluated for impairment	98,000	531,000	98,000	531,000
Collectively evaluated for impairment	1,366,000	1,262,000	1,366,000	1,262,000
Loans receivable (gross):	'	'	'	'
Gross loans	133,438,000	140,098,000	133,438,000	140,098,000
Individually evaluated for impairment	3,404,000	7,507,000	3,404,000	7,507,000
Collectively evaluated for impairment	130,034,000	132,591,000	130,034,000	132,591,000
Commercial Real Estate Construction [Member]	'	'	'	'
Allowance for loan losses:	'	'	'	'
Beginning Balance	48,000	'	'	64,000
Provision	2,000	'	2,000	-64,000
Individually evaluated for impairment	48,000	'	48,000	'
Collectively evaluated for impairment	2,000	'	2,000	'
Loans receivable (gross):	'	'	'	'
Gross loans	'	173,000	'	173,000
Individually evaluated for impairment	173,000	173,000	173,000	173,000
Collectively evaluated for impairment	461,000	'	461,000	'
Commercial Secured by Real Estate [Member]	'	'	'	'
Allowance for loan losses:	'	'	'	'
Beginning Balance	426,000	673,000	'	579,000
Charge offs	-225,000	'	-241,000	-85,000
Recoveries	14,000	46,000	45,000	57,000
Provision	18,000	87,000	-15,000	255,000
Ending balance	'	806,000	'	806,000
Individually evaluated for impairment	11,000	510,000	11,000	510,000
Collectively evaluated for impairment	222,000	296,000	222,000	296,000
Loans receivable (gross):	'	'	'	'
Gross loans	'	52,849,000	'	52,849,000
Individually evaluated for impairment	1,620,000	6,094,000	1,620,000	6,094,000
Collectively evaluated for impairment	44,077,000	46,755,000	44,077,000	46,755,000
Commercial Real Estate Other [Member]	'	'	'	'
Allowance for loan losses:	'	'	'	'
Beginning Balance	72,000	79,000	'	69,000
Recoveries	1,000	'	1,000	'
Provision	-14,000	-9,000	-5,000	1,000
Ending balance	'	70,000	'	70,000
Collectively evaluated for impairment	59,000	70,000	59,000	70,000
Loans receivable (gross):	'	'	'	'
Gross loans	'	12,429,000	'	12,429,000
Individually evaluated for impairment	202,000	'	202,000	'
Collectively evaluated for impairment	12,376,000	12,429,000	12,376,000	12,429,000
Consumer Real Estate [Member]	'	'	'	'
Allowance for loan losses:	'	'	'	'
Beginning Balance	38,000	75,000	'	99,000
Charge offs	-2,000	-33,000	-15,000	-40,000
Recoveries	3,000	2,000	26,000	34,000
Provision	-1,000	24,000	-35,000	-25,000
Ending balance	'	68,000	'	68,000
Collectively evaluated for impairment	38,000	68,000	38,000	68,000
Loans receivable (gross):	'	'	'	'
Gross loans	'	9,286,000	'	9,286,000
Individually evaluated for impairment	39,000	7,000	39,000	7,000
Collectively evaluated for impairment	7,866,000	9,279,000	7,866,000	9,279,000
Consumer Other [Member]	'	'	'	'
Allowance for loan losses:	'	'	'	'
Beginning Balance	16,000	25,000	'	33,000
Charge offs	-17,000	-1,000	-23,000	-13,000
Recoveries	'	'	'	5,000
Provision	6,000	-4,000	7,000	-5,000
Ending balance	'	20,000	'	20,000
Collectively evaluated for impairment	5,000	20,000	5,000	20,000
Loans receivable (gross):	'	'	'	'
Gross loans	'	1,117,000	'	1,117,000
Collectively evaluated for impairment	1,098,000	1,117,000	1,098,000	1,117,000
Residential Mortgage [Member]	'	'	'	'
Allowance for loan losses:	'	'	'	'
Beginning Balance	783,000	839,000	'	906,000
Charge offs	-66,000	-29,000	-111,000	-397,000
Recoveries	12,000	85,000	37,000	110,000
Provision	211,000	-66,000	230,000	210,000
Ending balance	'	829,000	'	829,000
Individually evaluated for impairment	39,000	21,000	39,000	21,000
Collectively evaluated for impairment	901,000	808,000	901,000	808,000
Loans receivable (gross):	'	'	'	'
Gross loans	'	64,244,000	'	64,244,000
Individually evaluated for impairment	1,370,000	1,233,000	1,370,000	1,233,000
Collectively evaluated for impairment	64,156,000	63,011,000	64,156,000	63,011,000
Unallocated [Member]	'	'	'	'
Allowance for loan losses:	'	'	'	'
Beginning Balance	104,000	'	50,000	'
Provision	35,000	'	89,000	'
Ending balance	139,000	'	139,000	'
Collectively evaluated for impairment	$139,000	'	$139,000	'

STOCKBASED_COMPENSATION_Detail

STOCK-BASED COMPENSATION (Details Narrative) (USD $)	9 Months Ended
	Sep. 30, 2014
Share Price	533
Stock Options [Member]	'
Vesting term	'5 years
Contractual term	'10 years
Restricted Stock [Member]	'
Shares available for grant	5,304
1996 Stock-Based Incentive Plan [Member] | Stock Options [Member]	'
Number of awards authorized	127,491
2006 Stock-Based Incentive Plan [Member]	'
Number of awards authorized	242,740
2006 Stock-Based Incentive Plan [Member] | Stock Options [Member]	'
Number of awards authorized	173,386
2006 Stock-Based Incentive Plan [Member] | Restricted Stock [Member]	'
Number of awards authorized	69,354

STOCKBASED_COMPENSATION_Detail1

STOCK-BASED COMPENSATION (Details) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Number of Options	'	'
Outstanding, Beginning balance	150,030	'
Forfeited or expired	-12,500	'
Outstanding, Ending balance	137,530	150,030
Options Exercisable	137,530	'
Weighted Average Exercise Price	'	'
Outstanding, Beginning Balance	$9.52	'
Forfeited or expired	$9.26	'
Outstanding, Ending Balance	$9.54	$9.52
Options Exercisable	$9.54	'
Weighted Average Remaining Contractual Term	'	'
Outstanding, ending	'1 year 9 months 18 days	'2 years 4 months 24 days
Options exercisable	'1 year 9 months 18 days	'

COMMITMENTS_TO_EXTEND_CREDIT_D

COMMITMENTS TO EXTEND CREDIT (Details Narrative) (USD $)	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Obligations to extend credit for loan commitments	$28,300,000

COMMITMENTS_TO_EXTEND_CREDIT_D1

COMMITMENTS TO EXTEND CREDIT (Details) (USD $)	Sep. 30, 2014
Obligations to extend credit for loan commitments	$28,300,000
Commitments to grant loans [Member]	'
Obligations to extend credit for loan commitments	12,841,000
Unfunded commitments under lines of credit [Member]	'
Obligations to extend credit for loan commitments	15,284,000
Commercial and standby letters of credit [Member]	'
Obligations to extend credit for loan commitments	$134,000

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Securities available for sale	$115,259,801	$50,358,175
Significant Other Observable Inputs (Level 2) [Member]	'	'
Securities available for sale	115,260,000	50,358,000
Fair Value [Member]	'	'
Securities available for sale	115,260,000	50,358,000
US Treasury Securities and Obligations of US Government Corporations and Agencies [Member]	'	'
Securities available for sale	25,562,000	7,042,000
Municipal Obligations [Member]	'	'
Securities available for sale	23,045,000	13,609,000
Corporate Bonds and Other Obligations [Member]	'	'
Securities available for sale	4,806,000	1,097,000
Mortgage Backed Securities [Member]	'	'
Securities available for sale	61,841,000	28,603,000
Equity Securities [Member]	'	'
Securities available for sale	7,000	7,000
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]	'	'
Securities available for sale	115,260,000	50,358,000
Recurring [Member] | Fair Value [Member]	'	'
Securities available for sale	115,260,000	50,358,000
Recurring [Member] | US Treasury Securities and Obligations of US Government Corporations and Agencies [Member] | Significant Other Observable Inputs (Level 2) [Member]	'	'
Securities available for sale	25,561,000	7,042,000
Recurring [Member] | US Treasury Securities and Obligations of US Government Corporations and Agencies [Member] | Fair Value [Member]	'	'
Securities available for sale	25,561,000	7,042,000
Recurring [Member] | Municipal Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member]	'	'
Securities available for sale	23,045,000	13,609,000
Recurring [Member] | Municipal Obligations [Member] | Fair Value [Member]	'	'
Securities available for sale	23,045,000	13,609,000
Recurring [Member] | Corporate Bonds and Other Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member]	'	'
Securities available for sale	4,807,000	1,097,000
Recurring [Member] | Corporate Bonds and Other Obligations [Member] | Fair Value [Member]	'	'
Securities available for sale	4,807,000	1,097,000
Recurring [Member] | Mortgage Backed Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]	'	'
Securities available for sale	61,840,000	28,603,000
Recurring [Member] | Mortgage Backed Securities [Member] | Fair Value [Member]	'	'
Securities available for sale	61,840,000	28,603,000
Recurring [Member] | Equity Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]	'	'
Securities available for sale	7,000	7,000
Recurring [Member] | Equity Securities [Member] | Fair Value [Member]	'	'
Securities available for sale	$7,000	$7,000

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 1) (Nonrecurring [Member], USD $)	Dec. 31, 2013	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
In Thousands, unless otherwise specified	Fair Value [Member]	Significant Unobservable Inputs (Level 3) [Member]	Originated Assets [Member]	Acquired Assets [Member]	Acquired Assets [Member]	Acquired Assets [Member]
			Fair Value [Member]	Fair Value [Member]	Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]	Significant Unobservable Inputs (Level 3) [Member]
Fair Value Assets Measured on a Nonrecurring Basis	'	'	'	'	'	'
Impaired loans	$5,352	$5,352	$2,004	$2,004	$1,178	$1,178
Other real estate owned - residential mortgages	285	285	275	275	'	'
Other real estate owned - commercial	472	472	1,652	1,652	42	42
Other repossessed assets	1,023	1,023	916	916	'	'
Total assets measured at fair value on a non-recurring basis	'	$7,132	'	$3,637	'	$1,220

FAIR_VALUE_MEASUREMENTS_Detail2

FAIR VALUE MEASUREMENTS (Details 2) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Financial assets:	'	'
Securities available for sale	$115,259,801	$50,358,175
Securities held to maturity	2,317,000	2,400,000
Carrying Value [Member]	'	'
Financial assets:	'	'
Cash and cash equivalents	7,041,000	2,766,000
Securities available for sale	115,260,000	50,358,000
Securities held to maturity	2,215,000	2,255,000
Loans held for sale	1,228,000	175,000
Loans receivable - net	163,358,000	136,315,000
Federal Home Loan Bank stock	3,423,000	3,266,000
Accrued interest receivable	1,059,000	745,000
Financial liabilities:	'	'
Customer deposits	258,506,000	160,029,000
Federal Home Loan Bank advances	21,769,000	24,813,000
Accrued interest payable	92,000	89,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]	'	'
Financial assets:	'	'
Cash and cash equivalents	7,041,000	2,766,000
Significant Other Observable Inputs (Level 2) [Member]	'	'
Financial assets:	'	'
Securities available for sale	115,260,000	50,358,000
Securities held to maturity	2,317,000	2,400,000
Federal Home Loan Bank stock	3,423,000	3,266,000
Financial liabilities:	'	'
Customer deposits	258,970,000	160,784,000
Federal Home Loan Bank advances	21,514,000	24,458,000
Significant Unobservable Inputs (Level 3) [Member]	'	'
Financial assets:	'	'
Loans held for sale	1,228,000	178,000
Loans receivable - net	162,385,000	135,172,000
Accrued interest receivable	1,059,000	745,000
Financial liabilities:	'	'
Accrued interest payable	92,000	89,000
Fair Value [Member]	'	'
Financial assets:	'	'
Cash and cash equivalents	7,041,000	2,766,000
Securities available for sale	115,260,000	50,358,000
Securities held to maturity	2,317,000	2,400,000
Loans held for sale	1,228,000	178,000
Loans receivable - net	162,385,000	135,712,000
Federal Home Loan Bank stock	3,423,000	3,266,000
Accrued interest receivable	1,059,000	745,000
Financial liabilities:	'	'
Customer deposits	258,970,000	160,784,000
Federal Home Loan Bank advances	21,514,000	24,458,000
Accrued interest payable	$92,000	$89,000