Western New England Bancorp (WNEB) 10-K 11 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 04, 2016	Jun. 30, 2015
Document And Entity Information
Entity Registrant Name	WESTFIELD FINANCIAL INC
Entity Central Index Key	1,157,647
Document Type	10-K
Trading Symbol	WFD
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 135,203,011
Entity Common Stock, Shares Outstanding		18,267,747
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015
Price per share			$ 7.31

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
ASSETS
CASH AND DUE FROM BANKS	$ 9,891	$ 10,294
FEDERAL FUNDS SOLD	100	269
INTEREST-BEARING DEPOSITS AND OTHER SHORT-TERM INVESTMENTS	3,712	8,222
CASH AND CASH EQUIVALENTS	13,703	18,785
SECURITIES AVAILABLE FOR SALE - AT FAIR VALUE	182,590	215,750
SECURITIES HELD TO MATURITY (Fair value of $237,619 and $277,636 at December 31, 2015 and 2014, respectively)	238,219	278,080
FEDERAL HOME LOAN BANK OF BOSTON AND OTHER RESTRICTED STOCK - AT COST	15,074	14,934
LOANS - Net of allowance for loan losses of $8,840 and $7,948 at December 31, 2015 and 2014, respectively	809,373	716,738
PREMISES AND EQUIPMENT, Net	13,564	11,703
ACCRUED INTEREST RECEIVABLE	3,878	4,213
BANK-OWNED LIFE INSURANCE	50,230	48,703
DEFERRED TAX ASSET, Net	10,881	8,819
OTHER ASSETS	2,418	2,371
TOTAL ASSETS	1,339,930	1,320,096
DEPOSITS :
Noninterest-bearing	157,844	136,186
Interest-bearing	742,519	698,032
Total deposits	900,363	834,218
SHORT-TERM BORROWINGS	128,407	93,997
LONG-TERM DEBT	153,358	232,479
OTHER LIABILITIES	18,336	16,859
TOTAL LIABILITIES	$ 1,200,464	$ 1,177,553
SHAREHOLDERS' EQUITY:
Preferred stock - $.01 par value, 5,000,000 shares authorized, none outstanding
Common stock - $.01 par value, 75,000,000 shares authorized, 18,267,747 shares issued and outstanding at December 31, 2015; 18,734,791 shares issued and outstanding at December 31, 2014	$ 183	$ 187
Additional paid-in capital	108,210	111,696
Unearned compensation - ESOP	(6,952)	(7,469)
Unearned compensation - Equity Incentive Plan	(313)	(95)
Retained earnings	49,316	45,699
Accumulated other comprehensive loss	(10,978)	(7,475)
Total shareholders' equity	139,466	142,543
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,339,930	$ 1,320,096

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Securities held to maturity, fair value	$ 237,619	$ 277,636
Allowance for loan losses	$ 8,840	$ 7,948
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	18,267,747	18,734,791
Common stock, shares outstanding (in shares)	18,267,747	18,734,791

CONSOLIDATED STATEMENTS OF NET

CONSOLIDATED STATEMENTS OF NET INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
INTEREST AND DIVIDEND INCOME:
Residential and commercial real estate loans	$ 23,769	$ 21,953	$ 20,204
Commercial and industrial loans	6,594	5,749	5,064
Consumer loans	158	141	140
Debt securities, taxable	10,777	11,880	14,302
Debt securities, tax-exempt	602	833	1,067
Equity securities	162	176	152
Other investments	396	246	93
Federal funds sold, interest-bearing deposits and other short-term investments	18	13	9
Total interest and dividend income	42,476	40,991	41,031
INTEREST EXPENSE:
Deposits	5,571	5,177	5,525
Long-term debt	4,133	4,326	4,591
Short-term borrowings	1,090	420	174
Total interest expense	10,794	9,923	10,290
Net interest and dividend income	31,682	31,068	30,741
PROVISION (CREDIT) FOR LOAN LOSSES	1,275	1,575	(256)
Net interest and dividend income after provision (credit) for loan losses	30,407	29,493	30,997
NONINTEREST INCOME (LOSS):
Service charges and fees	3,132	2,617	2,404
Income from bank-owned life insurance	1,527	1,523	1,549
Gain on bank-owned life insurance death benefit			563
Loss on prepayment of borrowings	(1,300)		(3,370)
Gain on sales of securities, net	1,506	320	3,126
Total noninterest income	4,865	4,460	4,272
NONINTEREST EXPENSE:
Salaries and employee benefits	15,410	14,709	15,458
Occupancy	3,239	3,076	2,898
Computer operations	2,361	2,341	2,340
Professional fees	2,178	1,936	2,033
OREO expense			22
FDIC insurance assessment	800	713	655
Other	3,445	3,134	3,236
Total noninterest expense	27,433	25,909	26,642
INCOME BEFORE INCOME TAXES	7,839	8,044	8,627
INCOME TAX PROVISION	2,124	1,882	1,871
NET INCOME	$ 5,715	$ 6,162	$ 6,756
EARNINGS PER COMMON SHARE:
Basic earnings per share	$ 0.33	$ 0.34	$ 0.34
Weighted average shares outstanding	17,497,620	18,183,739	20,079,251
Diluted earnings per share	$ 0.33	$ 0.34	$ 0.34
Weighted average diluted shares outstanding	17,497,620	18,183,739	20,079,265

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
Net income		$ 5,715	$ 6,162	$ 6,756
Unrealized gains (losses) on securities:
Unrealized holding gains (losses)		(1,505)	3,398	(20,970)
Reclassification adjustment for net gains realized in income	[1]	(1,506)	(320)	(3,126)
Amortization of net unrealized loss on held-to-maturity securities	[2]	(527)	(55)	(234)
Net unrealized gains (losses)		(3,538)	3,023	(24,330)
Tax effect		1,220	(1,045)	8,371
Net-of-tax amount		(2,318)	1,978	(15,959)
Derivative instruments:
Change in fair value of derivatives used for cash flow hedges		(3,337)	(7,684)	$ 1,755
Reclassification adjustment for loss realized in interest expense	[3]	519	$ 190
Reclassification adjustment for termination fee realized in interest expense	[4]	223
Net adjustments pertaining to derivative instruments		(2,595)	$ (7,494)	$ 1,755
Tax effect		882	2,548	(597)
Net-of-tax amount		(1,713)	(4,946)	1,158
Defined benefit pension plans:
Gains (losses) arising during the period		674	$ (2,312)	1,608
Reclassification adjustments:
Actuarial loss	[5]	$ 125		117
Transition asset	[5]		$ (10)	(11)
Net adjustments pertaining to defined benefit plans		$ 799	(2,322)	1,714
Tax effect		(271)	790	(583)
Net-of-tax amount		528	(1,532)	1,131
Other comprehensive loss		(3,503)	(4,500)	(13,670)
Comprehensive income (loss)		$ 2,212	$ 1,662	$ (6,914)
[1]	Reported as gains on sales of securities, net in noninterest income. The tax provision applicable to net realized gains was $517,000, $109,000 and $1.1 million for the years ended December 31, 2015, 2014 and 2013, respectively.
[2]	Amortization of net unrealized loss on held-to-maturity securities is recognized as a component of interest income on debt securities. Income tax benefits associated with the amortization were $182,000, $18,000 and $80,000 for the years ended December 31, 2015, 2014 and 2013, respectively.
[3]	Loss realized in interest expense on derivative instruments is recognized as a component of interest expense on short-term debt. Income tax benefits associated with the reclassification adjustments were $176,000 and $65,000 for the years ended December 31, 2015 and 2014, respectively.
[4]	Termination fee on derivative instruments is recognized as a component of interest expense on short-term debt. Income tax benefit associated with the reclassification adjustment was $76,000 for the year ended December 31, 2015.
[5]	Amounts represent the amortization of the actuarial loss and transition asset and have been recognized as a component of salaries and employee benefit expense. Income tax effects associated with the reclassification adjustments were benefits of $43,000 and $36,000 for the years ended December 31, 2015 and 2013 and an expense of $3,000 for the year ended December 31, 2014 respectively.

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
Income tax expense (benefits) on realized gains reclassification adjustment	$ 517	$ 109	$ 1,100
Income tax expense (benefits) on amortization of net unrealized loss on held-to-maturity securities	182	18	80
Income tax expense (benefits), derivative instruments	176	65
Income tax benefit on termination fee on derivative instruments	76
Income tax expense (benefits), defined benefit plans	$ 43	$ 36	$ 3

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Unearned Compensation - ESOP [Member]	Unearned Compensation - Equity Incentive Plan [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income Loss [Member]	Total
BEGINNING BALANCE at Dec. 31, 2012	$ 228	$ 144,718	$ (8,553)	$ (265)	$ 42,364	$ 10,695	$ 189,187
BEGINNING BALANCE (in shares) at Dec. 31, 2012	22,843,722
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)					6,756	(13,670)	(6,914)
Common stock held by ESOP committed to be released (81,803, 79,345 and 76,888)		49	550				599
Share-based compensation - stock options		128					128
Share-based compensation - equity incentive plan				126			126
Excess tax shortfall from equity incentive plan		(1)					(1)
Common stock repurchased	$ (27)	(20,365)					(20,392)
Common stock repurchased (in shares)	(2,703,053)
Issuance of common stock in connection with equity incentive plan		48		(48)
Tender offer to purchase outstanding options, including tax impact of ($566,000)		(2,717)					(2,717)
Cash dividends declared and paid ($0.29, $0.21 and $0.12)					(5,872)		(5,872)
ENDING BALANCE at Dec. 31, 2013	$ 201	121,860	(8,003)	(187)	43,248	(2,975)	154,144
ENDING BALANCE (in shares) at Dec. 31, 2013	20,140,669
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)					6,162	(4,500)	1,662
Common stock held by ESOP committed to be released (81,803, 79,345 and 76,888)		42	534				576
Share-based compensation - equity incentive plan				92			92
Excess tax shortfall from equity incentive plan		(1)					(1)
Common stock repurchased	$ (14)	(10,205)					(10,219)
Common stock repurchased (in shares)	(1,405,878)
Return of dividends issued in connection with equity incentive plan					121		121
Cash dividends declared and paid ($0.29, $0.21 and $0.12)					(3,832)		(3,832)
ENDING BALANCE at Dec. 31, 2014	$ 187	111,696	(7,469)	(95)	45,699	(7,475)	142,543
ENDING BALANCE (in shares) at Dec. 31, 2014	18,734,791
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)					5,715	(3,503)	2,212
Common stock held by ESOP committed to be released (81,803, 79,345 and 76,888)		65	517				582
Share-based compensation - equity incentive plan				131			131
Excess tax shortfall from equity incentive plan		2					2
Common stock repurchased	$ (5)	(3,901)					(3,906)
Common stock repurchased (in shares)	(515,604)
Issuance of common stock in connection with equity incentive plan	$ 1	348		(349)
Issuance of common stock in connection with equity incentive plan (in shares)	48,560
Cash dividends declared and paid ($0.29, $0.21 and $0.12)					(2,098)		(2,098)
ENDING BALANCE at Dec. 31, 2015	$ 183	$ 108,210	$ (6,952)	$ (313)	$ 49,316	$ (10,978)	$ 139,466
ENDING BALANCE (in shares) at Dec. 31, 2015	18,267,747

CONSOLIDATED STATEMENT OF CHAN8

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash dividends declared, per share	$ .12	$ .21	$ .29
Tax effect for tender offer to purchase outstanding options			$ 566
Unearned Compensation - ESOP [Member]
Common stock held by ESOP committed to be released, shares	76,888	79,345	81,803

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
OPERATING ACTIVITIES:
Net income	$ 5,715,000	$ 6,162,000	$ 6,756,000
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (credit) for loan losses	1,275,000	1,575,000	(256,000)
Depreciation and amortization of premises and equipment	1,315,000	1,189,000	1,102,000
Net amortization of premiums and discounts on securities and mortgage loans	4,670,000	4,263,000	4,248,000
Net amortization of premiums on modified debt	383,000	610,000	627,000
Share-based compensation expense	131,000	92,000	254,000
ESOP expense	582,000	576,000	599,000
Excess tax (benefits) from equity incentive plan	(2,000)	1,000	1,000
Excess tax expense in connection with tender offer completion			566,000
Net gains on sales of securities	(1,506,000)	(320,000)	(3,126,000)
Loss on sale of other real estate owned			6,000
Loss on prepayment of borrowings	1,300,000		3,370,000
Deferred income tax (benefit) expense	(231,000)	(193,000)	980,000
Income from bank-owned life insurance	(1,527,000)	(1,523,000)	(1,549,000)
Gain on bank-owned life insurance death benefit			(563,000)
Changes in assets and liabilities:
Accrued interest receivable	335,000	(12,000)	401,000
Other assets	(56,000)	(150,000)	(21,000)
Other liabilities	(308,000)	77,000	807,000
Net cash provided by operating activities	12,076,000	12,347,000	14,202,000
Securities, held to maturity:
Purchases	(2,620,000)		(3,461,000)
Proceeds from calls, maturities, and principal collections	39,372,000	14,433,000	6,064,000
Securities, available for sale:
Purchases	(141,074,000)	(66,784,000)	(212,765,000)
Proceeds from sales	134,437,000	71,738,000	206,788,000
Proceeds from calls, maturities, and principal collections	36,298,000	24,135,000	61,270,000
Purchase of residential mortgages	(90,743,000)	(53,272,000)	(37,700,000)
Loan originations and principal payments, net	(3,261,000)	(34,522,000)	(4,946,000)
(Purchase) redemption of Federal Home Loan Bank of Boston stock, net	(140,000)	697,000	(1,362,000)
Proceeds from sale of other real estate owned			958,000
Purchases of premises and equipment	(3,220,000)	(1,937,000)	(1,020,000)
Proceeds from sale of premises and equipment	44,000	40,000
Disbursement of bank-owned life insurance gain			(282,000)
Proceeds from payout on bank owned-life insurance			1,437,000
Net cash (used in) investing activities	(30,907,000)	(45,472,000)	14,981,000
FINANCING ACTIVITIES:
Net increase in deposits	66,145,000	17,106,000	63,699,000
Net change in short-term borrowings	34,410,000	45,800,000	(21,737,000)
Repayment of long-term debt	(80,804,000)	(21,650,000)	(66,620,000)
Proceeds from long-term debt		5,142,000	32,139,000
Return of dividends issued in connection with equity incentive plan		121,000
Tender offer to purchase outstanding options			(2,151,000)
Excess tax expense in connection with tender offer completion			(566,000)
Cash dividends paid	(2,098,000)	(3,832,000)	(5,872,000)
Common stock repurchased	(3,906,000)	(10,518,000)	(20,093,000)
Excess tax benefits (expense) in connection with equity incentive plan	2,000	(1,000)	(1,000)
Net cash provided by (used in) financing activities	13,749,000	32,168,000	(21,202,000)
NET CHANGE IN CASH AND CASH EQUIVALENTS:	(5,082,000)	(957,000)	7,981,000
Beginning of period	18,785,000	19,742,000	11,761,000
End of period	$ 13,703,000	18,785,000	19,742,000
Supplemental cash flow information:
Securities reclassified from available-for-sale to held-to-maturity			299,203,000
Securities reclassified to loan portfolio		$ 606,000
Net cash due to broker for common stock repurchased			$ 299,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations and Basis of Presentation - Westfield Financial, Inc. (“Westfield Financial,” the “Company,” “we” or “us”) is a Massachusetts-chartered stock holding company for Westfield Bank, a federally chartered stock savings bank (the “Bank”). The Bank’s deposits are insured to the limits specified by the Federal Deposit Insurance Corporation (“FDIC”). The Bank operates 13 banking offices in western Massachusetts and Granby and Enfield, Connecticut, and its primary sources of revenue are earnings on loans to small and middle-market businesses and to residential property homeowners and income from securities. Elm Street Securities Corporation and WFD Securities Corporation, Massachusetts-chartered security corporations, were formed by Westfield Financial for the primary purpose of holding qualified securities. WB Real Estate Holdings, LLC, a Massachusetts-chartered limited liability company was formed for the primary purpose of holding real property acquired as security for debts previously contracted by the Bank. Principles of Consolidation Estimates Reclassifications – Cash and Cash Equivalents Securities and Mortgage-Backed Securities Realized gains and losses on sales of securities and mortgage-backed securities are computed using the specific identification method and are included in noninterest income on the trade date. The amortization of premiums and accretion of discounts is determined by using the level yield method to the maturity date. Derivatives - Other-than-Temporary Impairment of Securities Fair Value Hierarchy Level 1 – Valuation is based on quoted prices in active markets for identical assets. Level 1 assets generally include debt and equity securities that are traded in an active exchange market. Valuations are obtained from readily available pricing sources for market transactions involving identical assets. Level 2 – Valuation is based on observable inputs other than Level 1 prices, such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets and liabilities. Level 3 – Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. Level 3 assets include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Transfers between levels are recognized at the end of a reporting period, if applicable. Federal Home Loan Bank of Boston Stock Loans Allowance for Loan Losses The allowance for loan losses is evaluated on a regular basis by management. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general, allocated and unallocated components, as further described below. General component The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors stratified by the following loan segments: residential real estate, commercial real estate, commercial and industrial, and consumer. Residential real estate loans include classes for residential and home equity. Management uses a rolling average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment. This historical loss factor is adjusted for the following qualitative factors: trends in delinquencies and nonperforming loans; trends in volume and terms of loans; internal credit ratings; effects of changes in risk selection; underwriting standards and other changes in lending policies, procedures and practices; and national and local economic trends and industry conditions. There were no changes in our policies or methodology pertaining to the general component of the allowance for loan losses during 2015, 2014 and 2013. The qualitative factors are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows: Commercial real estate – Loans in this segment are primarily income-producing investment properties and owner occupied commercial properties throughout New England. The underlying cash flows generated by the properties or operations can be adversely impacted by a downturn in the economy due to increased vacancy rates or diminished cash flows, which in turn, would have an effect on the credit quality in this segment. Management obtains financial information annually and continually monitors the cash flows of these loans. Residential real estate –All loans in this segment are collateralized by owner-occupied residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment. We require private mortgage insurance for all loans originated with a loan-to-value ratio greater than 80 percent and do not grant subprime loans. Commercial and industrial loans – Loans in this segment are made to businesses and are generally secured by assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, decreased consumer spending, changes in technology and government spending are examples of what will have an effect on the credit quality in this segment. Consumer loans – Loans in this segment are both secured and unsecured and repayment is dependent on the credit quality of the individual borrower. Allocated component The allocated component relates to loans that are classified as impaired. Impaired loans are identified by analysis of loan performance, internal credit ratings and watch list loans that management believes are subject to a higher risk of loss. Impairment is measured on a loan by loan basis for commercial real estate and commercial and industrial loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan is lower than the carrying value of that loan. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, we do not separately identify individual consumer and residential real estate loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring agreement. A loan is considered impaired when, based on current information and events, it is probable that we will be unable to collect all of the principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. We determine the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. We may periodically agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring (“TDR”). All TDRs are initially classified as impaired. While we use our best judgment and information available, the ultimate appropriateness of the allowance is dependent upon a variety of factors beyond our control, including the performance of our loan portfolio, the economy, changes in interest rates and the view of the regulatory authorities toward loan classifications. We also maintain a reserve for unfunded credit commitments to provide for the risk of loss inherent in these arrangements. This reserve is determined using a methodology similar to the analysis of the allowance for loan losses, taking into consideration probabilities of future funding requirements. This reserve for unfunded commitments is included in other liabilities and was $60,000 at December 31, 2015 and 2014. Unallocated component An unallocated component may be maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio. Bank-owned Life Insurance – Transfers and Servicing of Financial Assets Premises and Equipment Years Buildings 39 Leasehold Improvements 5-20 Furniture and Equipment 3-7 The cost of maintenance and repairs is charged to expense when incurred. Major expenditures for betterments are capitalized and depreciated. Other Real Estate Owned Retirement Plans and Employee Benefits Share-based Compensation Plans Employee Stock Ownership Plan Advertising Costs Income Taxes Earnings per Share - Earnings per common share have been computed based on the following: Years Ended December 31, 2015 2014 2013 (In thousands, except per share data) Net income applicable to common stock $ 5,715 $ 6,162 $ 6,756 Average number of common shares issued 18,509 19,274 21,254 Less: Average unallocated ESOP Shares (1,011 ) (1,090 ) (1,171 ) Less: Average ungranted equity incentive plan shares — — (4 ) Average number of common shares outstanding used to calculate basic and diluted earnings per common share 17,498 18,184 20,079 Basic and diluted earnings per share $ 0.33 $ 0.34 $ 0.34 Antidilutive shares (1) — — 833 (1) Options outstanding but not included in the computation of earnings per share because they were anti-dilutive, meaning the exercise price of such options exceeded the market value of the Company’s common stock. At December 31, 2015 and 2014, there were no stock options outstanding. Comprehensive Income (Loss) Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income (loss). The components of accumulated other comprehensive loss, included in shareholders’ equity, are as follows: December 31, 2015 December 31, 2014 (In thousands) Net unrealized gains (losses) on securities available for sale $ (2,343 ) $ 668 Tax effect 812 (226 ) Net-of-tax amount (1,531 ) 442 Net unamortized losses on securities transferred from available-for-sale to held-to-maturity (2,314 ) (1,787 ) Tax effect 799 617 Net-of-tax amount (1,515 ) (1,170 ) Fair value of derivatives used for cash flow hedges (6,064 ) (5,739 ) Termination fee (2,270 ) — Total derivatives (8,334 ) (5,739 ) Tax effect 2,833 1,951 Net-of-tax amount (5,501 ) (3,788 ) Unrecognized deferred loss pertaining to defined benefit plan (3,685 ) (4,484 ) Tax effect 1,254 1,525 Net-of-tax amount (2,431 ) (2,959 ) Accumulated other comprehensive loss $ (10,978 ) $ (7,475 ) The following table presents changes in accumulated other comprehensive loss for the years ended December 31, 2015 and 2014 by component: Securities Derivatives Defined Benefit Pension Plans Accumulated Other Comprehensive Loss (In thousands) Balance at December 31, 2013 $ (2,706 ) $ 1,158 $ (1,427 ) $ (2,975 ) Current-period other comprehensive (loss) income 1,978 (4,946 ) (1,532 ) (4,500 ) Balance at December 31, 2014 $ (728 ) $ (3,788 ) $ (2,959 ) $ (7,475 ) Balance at December 31, 2014 $ (728 ) $ (3,788 ) $ (2,959 ) $ (7,475 ) Current-period other comprehensive (loss) income (2,318 ) (1,713 ) 528 (3,503 ) Balance at December 31, 2015 $ (3,046 ) $ (5,501 ) $ (2,431 ) $ (10,978 ) With regard to defined benefit plans, an actuarial loss of $87,000 is expected to be recognized as a component of net periodic pension cost for the year ending December 31, 2016. There is no amortization of a transition asset expected to be recognized as a component of net periodic pension cost for the year ending December 31, 2016. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) Revenue from Contracts with Customers Revenue Recognition In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall, (Subtopic 825-10) In February of 2016, the FASB issued ASU 2016-02, Leases (Topic 842),

SECURITIES

SECURITIES	12 Months Ended
	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
SECURITIES	2. SECURITIES Securities available for sale are summarized as follows: December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Available for sale securities: Government-sponsored mortgage-backed securities $ 138,186 $ — $ (2,227 ) $ 135,959 U.S. Government guaranteed mortgage-backed securities 11,030 — (127 ) 10,903 Corporate bonds 21,176 45 (85 ) 21,136 State and municipal bonds 2,794 7 — 2,801 Government-sponsored enterprise obligations 4,000 — (49 ) 3,951 Mutual funds 6,438 — (191 ) 6,247 Common and preferred stock 1,309 284 — 1,593 Total available for sale securities 184,933 336 (2,679 ) 182,590 Held to maturity securities: Government-sponsored mortgage-backed securities $ 148,085 $ 1,319 $ (1,515 ) $ 147,889 U.S. Government guaranteed mortgage-backed securities 29,174 166 (66 ) 29,274 Corporate bonds 23,969 64 (316 ) 23,717 State and municipal bonds 6,845 68 (102 ) 6,811 Government-sponsored enterprise obligations 30,146 254 (472 ) 29,928 Total held to maturity securities 238,219 1,871 (2,471 ) 237,619 Total $ 423,152 $ 2,207 $ (5,150 ) $ 420,209 December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Available for sale securities: Government-sponsored mortgage-backed securities $ 139,637 $ 423 $ (847 ) $ 139,213 U.S. Government guaranteed mortgage-backed securities 1,591 7 (12 ) 1,586 Corporate bonds 25,711 532 (20 ) 26,223 State and municipal bonds 16,472 562 — 17,034 Government-sponsored enterprise obligations 24,066 69 (156 ) 23,979 Mutual funds 6,296 8 (128 ) 6,176 Common and preferred stock 1,309 230 — 1,539 Total available for sale securities 215,082 1,831 (1,163 ) 215,750 Held to maturity securities: Government-sponsored mortgage-backed securities $ 164,001 $ 2,384 $ (1,453 ) $ 164,932 U.S. Government guaranteed mortgage-backed securities 38,566 34 (607 ) 37,993 Corporate bonds 24,751 76 (248 ) 24,579 State and municipal bonds 7,285 59 (94 ) 7,250 Government-sponsored enterprise obligations 43,477 257 (852 ) 42,882 Total held to maturity securities 278,080 2,810 (3,254 ) 277,636 Total $ 493,162 $ 4,641 $ (4,417 ) $ 493,386 Our repurchase agreements and FHLBB advances are collateralized by government-sponsored enterprise obligations and certain mortgage-backed securities (see Notes 6 and 7). The amortized cost and fair value of securities at December 31, 2015, by final maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers have the right to call or repay obligations and mortgage-backed securities amortize monthly. December 31, 2015 Securities Securities Available for Sale Held to Maturity Amortized Cost Fair Value Amortized Cost Fair Value (In thousands) Mortgage-backed securities: Due after one year through five years $ 2,322 $ 2,287 $ 9,649 $ 9,501 Due after five years through ten years 13,187 12,907 35,723 35,014 Due after ten years 133,707 131,668 131,887 132,648 Total $ 149,216 $ 146,862 $ 177,259 $ 177,163 Debt securities: Due in one year or less $ — $ — $ 178 $ 178 Due after one year through five years 15,303 15,213 24,145 23,897 Due after five years through ten years 12,667 12,675 33,179 33,005 Due after ten years — — 3,458 3,376 Total $ 27,970 $ 27,888 $ 60,960 $ 60,456 Gross realized gains and losses on sales of securities for the years ended December 31, 2015, 2014 and 2013 are as follows: Years Ended December 31, 2015 2014 2013 (In thousands) Gross gains realized $ 1,638 $ 801 $ 3,978 Gross losses realized (132 ) (481 ) (852 ) Net gain realized $ 1,506 $ 320 $ 3,126 Proceeds from the sales of securities available for sale amounted to $134.4 million, $71.7 million and $206.8 million for the years ended December 31, 2015, 2014 and 2013, respectively. Information pertaining to securities with gross unrealized losses at December 31, 2015 and 2014 aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows: December 31, 2015 Less Than 12 Months Over 12 Months Gross Fair Gross Fair Value (In thousands) Available for sale: Government-sponsored mortgage-backed securities $ 2,090 $ 129,731 $ 137 $ 6,228 U.S. Government guaranteed mortgage-backed securities 116 10,290 11 613 Corporate bonds 85 13,374 — — Government-sponsored enterprise obligations 49 3,951 — — Mutual funds 32 4,478 159 1,769 Total available for sale 2,372 161,824 307 8,610 Held to maturity: Government-sponsored mortgage-backed securities $ 947 $ 45,760 $ 568 $ 32,825 U.S. Government guaranteed mortgage-backed securities 37 2,522 29 15,401 Corporate bonds 204 5,412 112 13,382 State and municipal bonds — — 102 4,809 Government-sponsored enterprise obligations — — 472 20,193 Total held to maturity 1,188 53,694 1,283 86,610 Total $ 3,560 $ 215,518 $ 1,590 $ 95,220 December 31, 2014 Less Than 12 Months Over 12 Months Gross Fair Gross Fair Value (In thousands) Available for sale: Government-sponsored mortgage-backed securities $ 47 $ 20,637 $ 800 $ 56,830 U.S. Government guaranteed mortgage-backed securities — — 12 677 Corporate bonds 17 4,438 3 1,497 Government-sponsored enterprise obligations 52 9,189 104 7,396 Mutual funds — — 128 5,103 Total available for sale 116 34,264 1,047 71,503 Held to maturity: Government-sponsored mortgage-backed securities $ 200 $ 10,292 $ 1,253 $ 65,526 U.S. Government guaranteed mortgage-backed securities — — 607 31,951 Corporate bonds 128 5,684 120 13,918 State and municipal bonds — — 94 4,853 Government-sponsored enterprise obligations — — 852 33,224 Total held to maturity 328 15,976 2,926 149,472 Total $ 444 $ 50,240 $ 3,973 $ 220,975 December 31, 2015 Less Than Twelve Months Over Twelve Months Number of Securities Amortized Cost Basis Gross Unrealized Loss Depreciation from AC Basis (%) Number of Securities Amortized Cost Basis Gross Unrealized Loss Depreciation from AC Basis (%) (Dollars in thousands) Government sponsored mortgage-backed securities 53 $ 178,528 $ 3,037 1.7 % 9 $ 39,758 $ 705 1.8 % U.S. government guaranteed mortgage-backed securities 3 12,965 153 1.2 3 16,054 40 0.2 Government sponsored enterprise obligations 2 4,000 49 1.2 4 20,665 472 2.3 Corporate Bonds 11 19,075 289 1.5 4 13,494 112 0.8 Mutual funds 2 4,510 32 0.7 1 1,928 159 8.2 State and municipal bonds — — — — 9 4,911 102 2.1 $ 219,078 $ 3,560 $ 96,810 $ 1,590 These unrealized losses are the result of changes in interest rates and not credit quality. Because we do not intend to sell the securities and it is more likely than not that we will not be required to sell the investments before recovery of their amortized cost bases, no declines are deemed to be other-than-temporary.

LOANS

LOANS	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
LOANS	3. LOANS Loans consisted of the following amounts: December 31, 2015 2014 (In thousands) Commercial real estate $ 303,036 $ 278,405 Residential real estate: Residential 298,052 237,436 Home equity 43,512 40,305 Commercial and industrial 168,256 165,728 Consumer 1,534 1,542 Total loans 814,390 723,416 Unearned premiums and deferred loan fees and costs, net 3,823 1,270 Allowance for loan losses (8,840 ) (7,948 ) $ 809,373 $ 716,738 During 2015 and 2014, we purchased residential real estate loans aggregating $90.7 million and $53.3 million, respectively. These purchased loans are subject to underwriting standards that are consistent with our originated loans and we consider the risk attributes to be similar to originated loans. We have transferred a portion of our originated commercial loans to participating lenders. The amounts transferred have been accounted for as sales and are therefore not included in our accompanying consolidated balance sheets. We share ratably with our participating lenders in any gains or losses that may result from a borrower’s lack of compliance with contractual terms of the loan. We continue to service the loans on behalf of the participating lenders and, as such, collect cash payments from the borrowers, remit payments (net of servicing fees) to participating lenders and disburse required escrow funds to relevant parties. At December 31, 2015 and 2014, we serviced loans for participants aggregating $19.5 million and $20.5 million, respectively. Mortgage loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid balances of these loans totaled $1.0 million and $1.1 million at December 31, 2015 and 2014, respectively. Net service fee income of $4,000, $4,000 and $5,000 was recorded for the years ended December 31, 2015, 2014 and 2013, respectively, and is included in service charges and fees on the consolidated statements of income. An analysis of changes in the allowance for loan losses by segment for the years ended December 31, 2015, 2014 and 2013 is as follows: Commercial Real Estate Residential Commercial and Industrial Consumer Unallocated Total (In thousands) Balance at December 31, 2012 $ 3,406 $ 1,746 $ 2,167 $ 13 $ 462 $ 7,794 Provision (credit) 9 40 148 11 (464 ) (256 ) Charge-offs (20 ) (80 ) (208 ) (33 ) — (341 ) Recoveries 155 1 84 22 — 262 Balance at December 31, 2013 $ 3,550 $ 1,707 $ 2,191 $ 13 $ (2 ) $ 7,459 Provision 505 376 649 42 3 1,575 Charge-offs (350 ) (31 ) (787 ) (55 ) — (1,223 ) Recoveries — 1 121 15 — 137 Balance at December 31, 2014 $ 3,705 $ 2,053 $ 2,174 $ 15 $ 1 $ 7,948 Provision 151 428 605 46 45 1,275 Charge-offs — (58 ) (345 ) (73 ) — (476 ) Recoveries — 8 51 34 — 93 Balance at December 31, 2015 $ 3,856 $ 2,431 $ 2,485 $ 22 $ 46 $ 8,840 Further information pertaining to the allowance for loan losses by segment at December 31, 2015 and 2014 follows: Commercial Residential Commercial and Industrial Consumer Unallocated Total (In thousands) December 31, 2015 Amount of allowance for loans individually evaluated and deemed impaired $ — $ — $ — $ — $ — $ — Amount of allowance for loans collectively or individually evaluated and not deemed impaired 3,856 2,431 2,485 22 46 8,840 Total allowance for loan losses 3,856 2,431 2,485 22 46 8,840 Loans individually evaluated and deemed impaired 3,732 399 3,363 — — 7,494 Loans collectively or individually evaluated and not deemed impaired 299,304 341,165 164,893 1,534 — 806,896 Total loans $ 303,036 $ 341,564 $ 168,256 $ 1,534 $ — $ 814,390 December 31, 2014 Amount of allowance for loans individually evaluated and deemed impaired $ — $ — $ — $ — $ — $ — Amount of allowance for loans collectively or individually evaluated and not deemed impaired 3,705 2,053 2,174 15 1 7,948 Total allowance for loan losses 3,705 2,053 2,174 15 1 7,948 Loans individually evaluated and deemed impaired 3,104 291 4,436 — — 7,831 Loans collectively or individually evaluated and not deemed impaired 275,301 277,450 161,292 1,542 — 715,585 Total loans $ 278,405 $ 277,741 $ 165,728 $ 1,542 $ — $ 723,416 The following is a summary of past due and non-accrual loans by class at December 31, 2015 and 2014: 30 – 59 Days Past Due 60 – 89 Days Past Due Past Due Total Past Past Due 90 Loans on Non-Accrual (In thousands) December 31, 2015 Commercial real estate $ 348 $ 730 $ 20 $ 1,098 $ — $ 3,237 Residential real estate: Residential 638 — 908 1,546 — 1,470 Home equity 230 124 — 354 — — Commercial and industrial 127 649 445 1,221 — 3,363 Consumer 30 — — 30 — 10 Total $ 1,373 $ 1,503 $ 1,373 $ 4,249 $ — $ 8,080 December 31, 2014 Commercial real estate $ 3,003 $ — $ 529 $ 3,532 $ — $ 3,257 Residential real estate: Residential 314 61 1,158 1,533 — 1,323 Home equity 252 — 1 253 — 1 Commercial and industrial 169 — 394 563 — 4,233 Consumer 22 — 3 25 — 16 Total $ 3,760 $ 61 $ 2,085 $ 5,906 $ — $ 8,830 The following is a summary of impaired loans by class: Year Ended At December 31, 2015 December 31, 2015 Recorded Investment Unpaid Related Average Interest (In thousands) Commercial real estate $ 3,732 $ 4,403 $ — $ 3,332 $ 27 Residential real estate 399 543 — 330 — Commercial and industrial 3,363 4,408 — 3,671 — Total impaired loans $ 7,494 $ 9,354 $ — $ 7,333 $ 27 Year Ended At December 31, 2014 December 31, 2014 Recorded Investment Unpaid Related Average Interest (In thousands) Impaired loans without a valuation allowance: Commercial real estate $ 3,104 $ 3,662 $ — $ 2,267 $ — Residential real estate 291 407 — 223 — Commercial and industrial 4,436 5,181 — 2,032 — Total 7,831 9,250 — 4,522 — Impaired loans with a valuation allowance: Commercial real estate — — — 8,382 576 Commercial and industrial — — — 600 41 Total — — — 8,982 617 Total impaired loans $ 7,831 $ 9,250 $ — $ 13,504 $ 617 No interest income was recognized for impaired loans on a cash-basis method during the years ended December 31, 2015 or 2014. Interest income recognized during the year ended December 31, 2014 related to TDRs. We may periodically agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring (“TDR”). These concessions could include a reduction in the interest rate on the loan, payment extensions, postponement or forgiveness of principal, forbearance or other actions intended to maximize collection. All TDRs are classified as impaired. When we modify loans in a TDR, we measure impairment similar to other impaired loans based on the present value of expected future cash flows, discounted at the contractual interest rate of the original loan agreement, or use the current fair value of the collateral, less selling costs for collateral dependent loans. If we determine that the value of the modified loan is less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs and unamortized premium or discount), impairment is recognized through a specific allowance or a charge-off to the allowance. There were no significant loans modified in the TDRs during the years ended December 31, 2015 or 2014. No TDRs defaulted (defined as 30 days or more past due) within 12 months of restructuring during the years ended December 31, 2015 and 2014. As of December 31, 2015, we have not committed to lend any additional funds for loans that are classified as impaired. There were $345,857 in charge-offs on TDRs during the year ended December 31, 2015. There were no charge-offs on TDRs during the years ended December 31, 2014 or 2013. Credit Quality Information We use an eight-grade internal loan rating system for commercial real estate and commercial and industrial loans. Performing residential real estate, home equity and consumer loans are grouped with “Pass” rated loans. Nonperforming residential real estate, home equity and consumer loans are monitored individually for impairment and risk rated as “substandard.” Loans rated 1 – 3 are considered “Pass” rated loans with low to average risk. Loans rated 4 are considered “Pass Watch,” which represent loans to borrowers with declining earnings, losses, or strained cash flow. Loans rated 5 are considered “Special Mention.” These loans exhibit potential credit weaknesses or downward trends and are being closely monitored by us. Loans rated 6 are considered “Substandard.” Generally, a loan is considered substandard if the borrower exhibits a well-defined weakness that may be inadequately protected by the current net worth and cash flow capacity to pay the current debt. Loans rated 7 are considered “Doubtful.” Loans classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable and that a partial loss of principal is likely. Loans rated 8 are considered uncollectible and of such little value that their continuance as loans is not warranted. On an annual basis, or more often if needed, we formally review the ratings on all commercial real estate and commercial and industrial loans. Construction loans are reported within commercial real estate loans and total $23.1 million and $16.8 million at December 31, 2015 and 2014, respectively. We engage an independent third party to review a significant portion of loans within these segments on at least an annual basis. We use the results of these reviews as part of our annual review process. In addition, management utilizes delinquency reports, the watch list and other loan reports to monitor credit quality in other segments. The following table presents our loans by risk rating at December 31, 2015 and December 31, 2014: Commercial Real Estate Residential Home Commercial and Consumer Total (Dollars in thousands) December 31, 2015 Loans rated 1 – 3 $ 269,124 $ 296,582 $ 43,512 $ 135,416 $ 1,524 $ 746,158 Loans rated 4 27,053 — — 16,060 — 43,113 Loans rated 5 138 — — 434 — 572 Loans rated 6 6,721 1,470 — 16,346 10 24,547 $ 303,036 $ 298,052 $ 43,512 $ 168,256 $ 1,534 $ 814,390 December 31, 2014 Loans rated 1 – 3 $ 234,010 $ 236,113 $ 40,282 $ 139,109 $ 1,526 $ 651,040 Loans rated 4 33,305 — — 16,841 — 50,146 Loans rated 5 7,833 — 22 5,545 — 13,400 Loans rated 6 3,257 1,323 1 4,233 16 8,830 $ 278,405 $ 237,436 $ 40,305 $ 165,728 $ 1,542 $ 723,416

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	4. PREMISES AND EQUIPMENT Premises and equipment are summarized as follows: December 31, 2015 2014 (In thousands) Land $ 4,121 $ 1,826 Buildings 13,738 13,293 Leasehold improvements 2,209 2,156 Furniture and equipment 12,334 11,951 Total 32,402 29,226 Accumulated depreciation and amortization (18,838 ) (17,523 ) Premises and equipment, net $ 13,564 $ 11,703 Depreciation and amortization expense for the years ended December 31, 2015, 2014 and 2013 amounted to $1.3 million, $1.2 million and $1.1 million, respectively.

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
DEPOSITS	5. DEPOSITS Deposit accounts by type and weighted average rates are summarized as follows: December 31, 2015 2014 Amount Rate Amount Rate (Dollars in thousands) Demand: Interest-bearing $ 28,913 0.30 % $ 37,983 0.24 % Noninterest-bearing deposits 157,844 — 136,186 — Savings: Regular 75,225 0.11 74,970 0.10 Money market 242,647 0.34 227,330 0.37 Time certificates of deposit 395,734 1.20 357,749 1.19 Total deposits $ 900,363 0.64 % $ 834,218 0.63 % Time deposits of $250,000 or more totaled $108.6 million at December 31, 2015. Interest expense on time deposits of $250,000 or more totaled $1.0 million for the year ended December 31, 2015. At December 31, 2015, the scheduled maturities of time certificates of deposit are as follows: Year Ending Amount (In thousands) 2016 $ 240,662 2017 66,138 2018 26,512 2019 39,341 2020 23,070 2021 11 $ 395,734 Interest expense on deposits for the years ended December 31, 2015, 2014 and 2013 is summarized as follows: Years Ended December 31, 2015 2014 2013 (In thousands) Regular $ 79 $ 80 $ 119 Money market 830 846 762 Time 4,583 4,152 4,509 Interest-bearing demand 79 99 135 $ 5,571 $ 5,177 $ 5,525 Cash paid for interest on deposits totaled $5.6 million, $5.2 million and $5.5 million for years ended December 31, 2015, 2014 and 2013, respectively.

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
SHORT-TERM BORROWINGS	6. SHORT-TERM BORROWINGS FHLBB Advances – FHLBB advances, including line of credit advances, with an original maturity of less than one year, amounted to $93.8 million and $62.8 million at December 31, 2015 and 2014, respectively, at a weighted average rate of 0.44% and 0.33%, respectively. FHLBB advances are collateralized by a blanket lien on our residential real estate loans and certain mortgage-backed securities. BBN Advances December 31, 2015 and 2014. As part of our contract with BBN, we are required to maintain a reserve balance of $300,000 with BBN for our use of this line. PNC Advances Customer Repurchase Agreements Years Ended December 31, 2015 2014 (Dollars in thousands) Balance outstanding at end of year $ 34,657 $ 31,164 Maximum amount outstanding during year 48,582 44,435 Average amount outstanding during year 38,883 35,657 Weighted average interest rate at end of year 0.20 % 0.19 % Amortized cost of collateral pledged at end of year (1) 67,440 63,660 Fair value of collateral pledged at end of year (1) 69,948 65,992 (1) Includes collateral pledged toward $5.9 million in long-term customer repurchase agreements. Our repurchase agreements are collateralized by government-sponsored enterprise obligations with a fair value of $6.5 million and $21.6 million, and certain mortgage-backed securities with a fair value of $63.5 million and $44.4 million, at December 31, 2015 and 2014, respectively. The weighted average interest rate on the pledged collateral was 3.64% and 3.56% at December 31, 2015 and 2014, respectively. The securities collateralizing repurchase agreements are subject to fluctuations in fair value. We monitor the fair value of the collateral on a periodic basis, and would pledge additional collateral if necessary based on changes in fair value of collateral or the balances of the repurchase agreements. Cash paid for interest on short-term borrowings totaled $1,068,000, $414,000 and $111,000 for years ended December 31, 2015, 2014 and 2013, respectively.

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
LONG-TERM DEBT	7. LONG-TERM DEBT FHLBB Advances Amount Weighted Average Rate 2015 2014 2015 2014 (In thousands) Fixed-rate advances maturing: 2015 $ — $ 30,573 — % 1.4 % 2016 24,940 53,757 1.3 2.2 2017 47,500 47,500 2.4 2.4 2018 20,000 10,000 2.0 2.2 2019 16,000 5,000 2.5 3.2 2020 7,000 7,000 1.8 1.8 115,440 153,830 2.1 % 2.1 % Variable-rate advances maturing: 2015 — 9,877 — 0.9 2016 10,000 10,000 1.7 1.4 2018 22,000 32,000 2.1 0.4 2019 — 11,000 — (0.1 ) 32,000 62,877 2.0 0.5 Total advances $ 147,440 $ 216,707 2.1 % 1.6 % At December 31, 2015 and 2014, securities pledged as collateral to the FHLB had a carrying value of $212.3 million and $257.5 million, respectively. Customer Repurchase Agreements Securities Sold Under Agreements to Repurchase Amount Weighted Average Rate 2015 2014 2015 2014 (In thousands) Fixed-rates maturing: 2018 $ — $ 10,000 — % 2.7 % Cash paid for interest on long-term debt totaled $4.1 million, $4.3 million and $4.6 million for years ended December 31, 2015, 2014 and 2013, respectively. During 2015, we prepaid $10.0 million in repurchase agreements with a rate of 2.65% and incurred a prepayment penalty of $593,000. Also during 2015, we prepaid $19.0 million of long-term FHLBB advances with a weighted average cost of 2.87% and incurred a prepayment penalty of $707,000.

STOCK PLANS AND EMPLOYEE STOCK

STOCK PLANS AND EMPLOYEE STOCK OWNERSHIP PLAN	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK PLANS AND EMPLOYEE STOCK OWNERSHIP PLAN	8. STOCK PLANS AND EMPLOYEE STOCK OWNERSHIP PLAN Restricted Stock Awards In May 2014, our shareholders approved a new stock-based compensation plan under which up to 516,000 shares of our common stock have been reserved for future grants of stock awards, including stock options and restricted stock, which may be granted to any officer, key employee or non-employee director of Westfield Financial. Authorized but unissued shares are issued to awardees upon vesting of such awards. Any shares not issued because vesting requirements are not met will again be available for issuance under the plans. Restricted shares awarded vest ratably over five years. The fair market value of shares awarded, based on the market price at the date of grant, is recorded as unearned compensation and amortized over the applicable vesting period. At December 31, 2015, 48,560 restricted stock awards had been granted under this plan. A summary of the status of unvested restricted stock awards at December 31, 2015 is presented below: Shares Weighted Balance at December 31, 2014 13,000 $ 8.07 Shares granted 48,560 7.18 Shares vested (7,400 ) 8.02 Balance at December 31, 2015 54,160 $ 7.28 The aggregate fair value of restricted stock vested during 2015 was $58,016. We recorded total expense for restricted stock awards of $131,000, $92,000 and $126,000 for the years ended December 31, 2015, 2014, and 2013, respectively. Tax benefits related to equity incentive plan expense were $44,000, $31,000 and $43,000 for the years ended December 31, 2015, 2014 and 2013, respectively. Unrecognized compensation cost for stock awards was $313,000 at December 31, 2015 with a remaining term of 3.34 years. Employee Stock Ownership Plan - In January 2007, as part of the second-step stock conversion, we provided an additional loan to the ESOP Trust which was used to purchase 4.0%, or 736,000 shares, of the 18,400,000 shares of common stock sold in the offering. The 2002 and 2007 loans bear interest equal to 8.0% and provide for annual payments of interest and principal. At December 31, 2015, the remaining principal balances are payable as follows: Year Ending December 31, Amount (In thousands) 2016 $ 447 2017 447 2018 447 2019 447 2020 447 Thereafter 6,140 $ 8,375 We have committed to make contributions to the ESOP sufficient to support the debt service of the loans. The loans are secured by the shares purchased, which are held in a suspense account for allocation among the participants as the loans are paid. Total compensation expense applicable to the ESOP amounted to $582,000, $576,000 and $599,000 for the years ended December 31, 2015, 2014 and 2013, respectively. Shares held by the ESOP include the following at December 31, 2015 and 2014: 2015 2014 Allocated 776,517 739,506 Committed to be allocated 76,888 79,345 Unallocated 963,863 1,040,751 1,817,268 1,859,602 Cash dividends declared and received on allocated shares are allocated to participants and charged to retained earnings. Cash dividends declared and received on unallocated shares are held in suspense and are applied to repay the outstanding debt of the ESOP. The fair value of unallocated shares was $8.1 million and $7.6 million at December 31, 2015 and 2014, respectively. ESOP shares are considered outstanding for earnings per share calculations as they are committed to be allocated. Unallocated ESOP shares are excluded from earnings per share calculations. The cost of unearned shares to be allocated to ESOP participants for future services not yet performed is reflected as a reduction of shareholders’ equity.

RETIREMENT PLANS AND EMPLOYEE B

RETIREMENT PLANS AND EMPLOYEE BENEFITS	12 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
RETIREMENT PLANS AND EMPLOYEE BENEFITS	9. RETIREMENT PLANS AND EMPLOYEE BENEFITS Pension Plan The following table provides information for the Plan at or for the years ended December 31: Years Ended December 31, 2015 2014 2013 (In thousands) Change in benefit obligation: Benefit obligation at beginning of year $ 23,634 $ 19,039 $ 18,752 Service cost 1,234 1,000 1,170 Interest 902 824 763 Actuarial (gain) loss (2,040 ) 3,085 (1,540 ) Benefits paid (1,272 ) (314 ) (106 ) Benefit obligation at end of year 22,458 23,634 19,039 Change in plan assets: Fair value of plan assets at beginning of year 15,947 13,811 12,200 Actual return (loss) on plan assets (242 ) 1,725 992 Employer contribution 800 725 725 Benefits paid (1,272 ) (314 ) (106 ) Fair value of plan assets at end of year 15,233 15,947 13,811 Funded status and accrued benefit at end of year $ (7,225 ) $ (7,687 ) $ (5,228 ) Accumulated benefit obligation at end of year $ 16,885 $ 16,423 $ 13,192 The following actuarial assumptions were used in determining the pension benefit obligation: December 31, 2015 2014 Discount rate 4.35 % 4.00 % Rate of compensation increase 4.00 4.00 Net pension cost includes the following components for the years ended December 31: 2015 2014 2013 (In thousands) Service cost $ 1,234 $ 1,000 $ 1,170 Interest cost 902 824 763 Expected return on assets (1,134 ) (959 ) (948 ) Amortization of transition asset — (10 ) (12 ) Amortization of actuarial loss 118 — 117 Net periodic pension cost $ 1,120 $ 855 $ 1,090 The following actuarial assumptions were used in determining the service costs for the years ended December 31: 2015 2014 2013 Discount rate 4.00 % 5.00 % 4.00 % Expected return on plan assets 7.50 7.50 8.00 Rate of compensation increase 4.00 4.00 4.00 The fair value of major categories of our pension plan assets are summarized below: December 31, 2015 Plan Assets Level 1 Level 2 Level 3 Fair Value (In thousands) Large U.S. equity $ — $ 3,962 $ — $ 3,962 Small/mid U.S. equity — 926 — 926 International equity — 1,495 — 1,495 Balanced/asset allocation — 741 — 741 Fixed income — 8,109 — 8,109 $ — $ 15,233 $ — $ 15,233 December 31, 2014 Level 1 Level 2 Level 3 Fair Value (In thousands) Large U.S. equity $ — $ 3,845 $ — $ 3,845 Small/mid U.S. equity — 924 — 924 International equity — 1,385 — 1,385 Balanced/asset allocation — 744 — 744 Short-term fixed income — 1,582 — 1,582 Fixed income — 7,467 — 7,467 $ — $ 15,947 $ — $ 15,947 Plan assets are all measured at fair value in Level 2 and are based on pricing models that consider standard input factors such as observable market data, benchmark yields, interest rate volatilities, broker/dealer quotes, credit spreads and new issue data. The asset or liability fair value measurement level within fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The plan reports bonds and other obligations, short-term investments and equity securities at fair value based on published quotations. Collective funds are valued in accordance with valuations provided by such Funds, which generally value marketable equity securities at the last reported sales price on the valuation date and other investments at fair value, as determined by each Fund’s manager. The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future values. Furthermore, although management believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. The defined benefit plan offers a mixture of fixed income, equity and real assets as the underlying investment structure for its retirement structure for the pension plan. The target allocation mix for the pension plan for 2015 was an equity-based investment deployment of 42% of total portfolio assets based on advice received from an external advisory firm with confirmation by the Bank’s Investment Committee. The remainder of the portfolio is allocated to fixed income at 58% of total assets. The investment objective is to diversify investments across a spectrum of investment types to limit risks from large market swings and to provide anticipated stabilized investment returns. Trustees of the Plan select investment managers for the portfolio and a second investment advisory firm is retained to provide allocation analysis. The overall investment objective is to diversify equity investments across a spectrum of types, small cap, large cap and international, along with investment styles such as growth and value. We estimate that the benefits to be paid from the pension plan for years ended December 31 are as follows: Year Benefit Payments to Participants (In thousands) 2016 $ 2,082 2017 526 2018 1,126 2019 954 2020 911 In aggregate for 2021 – 2025 9,561 We have not yet determined the amount of the contribution we expect to make to the plan during the fiscal year ending December 31, 2016. 401(k)

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	12 Months Ended
	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES AND HEDGING ACTIVITIES	10. DERIVATIVES AND HEDGING ACTIVITIES Risk Management Objective of Using Derivatives We are exposed to certain risks arising from both our business operations and economic conditions. We principally manage our exposures to a wide variety of business and operational risks through management of our core business activities. We manage economic risks, including interest rate, liquidity, and credit risk, primarily by managing the amount, sources, and duration of our assets and liabilities and the use of derivative financial instruments. Specifically, we entered into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. Our derivative financial instruments are used to manage differences in the amount, timing, and duration of our known or expected cash receipts and our known or expected cash payments principally related to certain variable rate borrowings. Fair Values of Derivative Instruments on the Balance Sheet The table below presents the fair value of our derivative financial instruments designated as hedging instruments as well as our classification on the balance sheet as of December 31, 2015. December 31, 2015 Asset Derivatives Liability Derivatives Balance Sheet Fair Value Balance Sheet Fair Value (In thousands) Interest rate swaps Other Assets $ — Other Liabilities $ 6,064 Total derivatives designated as hedging instruments $ — $ 6,064 December 31, 2014 Asset Derivatives Liability Derivatives Balance Sheet Fair Value Balance Sheet Fair Value (In thousands) Interest rate swaps Other Assets $ 9 Other Liabilities $ 5,748 Total derivatives designated as hedging instruments $ 9 $ 5,748 At December 31, 2015 and 2014, all derivatives were designated as hedging instruments. Cash Flow Hedges of Interest Rate Risk Our objectives in using interest rate derivatives are to add stability to interest income and expense and to manage our exposure to interest rate movements. To accomplish this objective, we entered into interest rate swaps in September 2013 as part of our interest rate risk management strategy. These interest rate swaps are designated as cash flow hedges and involve the receipt of variable rate amounts from a counterparty in exchange for our making fixed payments. The following table presents information about our cash flow hedges at December 31, 2015 and 2014: December 31, 2015 Notional Weighted Average Weighted Average Rate Estimated Fair Amount Maturity Receive Pay Value (In thousands) (In years) (In thousands) Interest rate swaps on FHLBB borrowings $ 40,000 2.3 0.32 % 1.52 % $ (330 ) Forward starting interest rate swaps on FHLBB borrowings 67,500 6.5 — 3.42 % (5,734 ) Total cash flow hedges $ 107,500 4.9 $ (6,064 ) December 31, 2014 Notional Weighted Average Weighted Average Rate Estimated Fair Amount Maturity Received Paid Value (In thousands) (In years) (In thousands) Interest rate swaps on FHLBB borrowings $ 40,000 3.3 0.23 % 1.52 % $ (268 ) Forward starting interest rate swaps on FHLBB borrowings 115,000 6.7 — 3.11 % (5,471 ) Total cash flow hedges $ 155,000 5.8 $ (5,739 ) The forward-starting interest rate swaps with notional amounts of $67.5 million commence in 2016. During the second quarter of 2015, we terminated a forward-starting interest rate swap with a notional amount of $35.0 million and incurred a termination fee of $1.6 million. In addition, during the fourth quarter of 2015, we terminated a forward-starting interest rate swap with a notional amount of $12.5 million and incurred a termination fee of $847,000. Both fees will be amortized monthly over a five-year period as a component of interest expense and other comprehensive income over the term of the previously hedged borrowing. For derivatives designated as cash flow hedges, the effective portion of changes in the fair value of the derivative is initially reported in other comprehensive income (outside of earnings), net of tax, and subsequently reclassified to earnings when the hedged transaction affects earnings. The ineffective portion of changes in the fair value of the derivative is recognized directly in earnings. We assess the effectiveness of each hedging relationship by comparing the changes in cash flows of the derivative hedging instrument with the changes in cash flows of the designated hedged transactions. We did not recognize any hedge ineffectiveness in earnings in 2015 or 2014. We are hedging our exposure to the variability in future cash flows for forecasted borrowings over a maximum period of six years (excluding forecasted payment of variable interest on existing financial instruments). The table below presents the pre-tax net (loss) gain of our cash flow hedges for the period indicated. Amount of (Loss) Gain Recognized in OCI on Derivative (Effective Portion) Years Ended December 31, 2015 2014 (In thousands) Interest rate swaps $ (3,337 ) $ (7,684 ) Amounts reported in accumulated other comprehensive loss related to these derivatives are reclassified to interest expense as interest payments are made on our rate sensitive assets/liabilities. During the years ended December 31, 2015 and 2014, we reclassified $742,000 and $190,000 into interest expense, respectively. During the next 12 months, we estimate that $1.7 million will be reclassified as an increase in interest expense. During the years ended December 31, 2015 and 2014, no gains or losses were reclassified from accumulated other comprehensive loss into income for ineffectiveness on cash flow hedges. Credit-risk-related Contingent Features By using derivative financial instruments, we expose the Company to credit risk. Credit risk is the risk of failure by the counterparty to perform under the terms of the derivative contract. When the fair value of a derivative contract is positive, the counterparty owes us, which creates credit risk for us. When the fair value of a derivative is negative, we owe the counterparty and, therefore, it does not possess credit risk. The credit risk in derivative instruments is mitigated by entering into transactions with highly-rated counterparties that we believe to be creditworthy and by limiting the amount of exposure to each counterparty. We have agreements with our derivative counterparties that contain a provision where if we default on any of our indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then we could also be declared in default on our derivative obligations. We also have agreements with certain of our derivative counterparties that contain a provision where if we fail to maintain our status as well capitalized, then the counterparty could terminate the derivative positions and we would be required to settle our obligations under the agreements. Certain of our agreements with our derivative counterparties contain provisions where if a formal administrative action by a federal or state regulatory agency occurs that materially changes our creditworthiness in an adverse manner, we may be required to fully collateralize our obligations under the derivative instrument. At December 31, 2015 and 2014, we had a net liability position of $6.2 million and $5.9 million with our counterparties, respectively.

REGULATORY CAPITAL

REGULATORY CAPITAL	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
REGULATORY CAPITAL	11. REGULATORY CAPITAL The Bank is subject to various regulatory capital requirements administered by the Office of Comptroller of the Currency (the “OCC”). Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on our consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Prompt corrective action provisions are not applicable to savings and loan holding companies. Effective January 1, 2015, federal banking regulations changed with regard to minimum capital requirements for community banking institutions. The regulations include a new minimum ratio of common equity Tier 1 capital to risk-weighted assets of 4.5%, raise the minimum ratio of Tier 1 capital to risk-weighted assets from 4% to 6% and include a minimum leverage ratio of 4% for all banking organizations. Additionally, community banking institutions must maintain a capital conservation buffer of common equity Tier 1 capital in an amount greater than 2.5% of total risk-weighted assets to avoid being subject to limitations on capital distributions and discretionary bonuses. The capital conservation buffer will be phased in over three years, beginning on January 1, 2016. Also, certain new deductions from and adjustments to regulatory capital will be phased in over several years. Management believes that the Company’s capital levels will remain characterized as “well-capitalized” throughout the phase in periods. Westfield Financial’s and the Bank’s capital ratios as of December 31, 2015 and 2014 are set forth in the following table. As of December 31, 2015, the most recent notification from the OCC categorized the Bank as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized,” the Bank must maintain minimum total risk-based, Tier 1 risk based and Tier 1 leverage ratios as set forth in the following table. There are no conditions or events since that notification that management believes have changed the Bank’s category. Actual Minimum For Capital Adequacy Purpose Minimum To Be Well Capitalized Under Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2015 Total Capital (to Risk Weighted Assets Consolidated $ 159,386 17.20 % $ 74,136 8.00 % N/A N/A Bank 151,327 16.36 74,006 8.00 $ 92,508 10.00 % Tier 1 Capital ( to Risk Weighted Assets Consolidated 150,444 16.23 55,602 6.00 N/A N/A Bank 142,427 15.40 55,505 6.00 74,006 8.00 Common Equity Tier 1 Capital ( to Risk Weighted Assets Consolidated 150,444 16.23 41,702 4.50 N/A N/A Bank 142,427 15.40 41,629 4.50 60,130 6.50 Tier 1 Leverage Ratio ( to Adjusted Average Assets Consolidated 150,444 11.16 53,876 4.00 N/A N/A Bank 142,427 10.58 53,871 4.00 67,339 5.00 December 31, 2014 Total Capital (to Risk Weighted Assets Consolidated $ 158,016 18.68 % $ 67,675 8.00 % N/A — Bank 150,392 17.81 67,549 8.00 $ 84,436 10.00 % Tier 1 Capital ( to Risk Weighted Assets Consolidated 150,018 17.73 33,838 4.00 N/A — Bank 142,383 16.86 33,775 4.00 50,662 6.00 Tier 1 Capital ( to Adjusted Total Assets Consolidated 150,018 11.30 53,103 4.00 N/A — Bank 142,383 10.74 53,035 4.00 66,293 5.00 The following is a reconciliation of our GAAP capital to regulatory Tier 1, Common Equity Tier 1 and total capital: December 31, 2015 2014 (In thousands) Consolidated GAAP capital $ 139,466 $ 142,543 Net unrealized losses on available-for-sale securities, net of tax 3,046 728 Unrealized loss on defined benefit pension plan, net of tax 2,431 2,959 Accumulated net loss on cash flow hedges, net of tax 5,501 3,788 Tier 1 and Common Equity Tier 1 capital 150,444 150,018 Unrealized gains on certain available-for-sale equity securities 42 50 Allowance for loan losses and unfunded loan commitments 8,900 7,948 Total regulatory capital $ 159,386 $ 158,016 On March 13, 2014, the Board of Directors authorized the commencement of our current stock repurchase program, authorizing the repurchase of up to 1,970,000 shares, or 10% of our outstanding shares of common stock. On June 24, 2015, the Board of Directors announced a renewal of the repurchase program under which the Company may purchase up to 711,733 shares of its outstanding common stock, to be affected via a combination of Rule 10b5-1 plans and discretionary share repurchases. This plan began July 24, 2015 and as of December 31, 2015, there were 484,668 shares remaining to be purchased under the new repurchase program. We are subject to dividend restrictions imposed by various regulators, including a limitation on the total of all dividends that the Bank may pay to the Company in any calendar year, to an amount that shall not exceed the Bank’s net income for the current year, plus its net income retained for the two previous years, without regulatory approval. At December 31, 2015 and 2014, the Bank had no retained earnings available for payment of dividends without prior regulatory approval. In addition, the Bank may not declare or pay dividends on, and we may not repurchase, any of our shares of common stock if the effect thereof would cause shareholders’ equity to be reduced below applicable regulatory capital maintenance requirements or if such declaration, payment or repurchase would otherwise violate regulatory requirements. The Bank will be prohibited from paying cash dividends to the Company to the extent that any such payment would reduce the Bank’s capital below required capital levels. Accordingly, $74.0 million and $67.6 million of our equity in the net assets of the Bank was restricted at December 31, 2015 and 2014, respectively. The only funds available for the payment of dividends on our capital stock will be cash and cash equivalents held by us, dividends paid from the Bank to us, and borrowings.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	12. INCOME TAXES Income taxes consist of the following: Years Ended December 31, 2015 2014 2013 (In thousands) Current tax provision: Federal $ 2,036 $ 1,854 $ 795 State 319 221 96 Total 2,355 2,075 891 Deferred tax (benefit) provision: Federal (231 ) (188 ) 980 State — (5 ) — Total (231 ) (193 ) 980 Total $ 2,124 $ 1,882 $ 1,871 The reasons for the differences between the statutory federal income tax rate and the effective rates are summarized below: Years Ended December 31, 2015 2014 2013 Statutory federal income tax rate 34.0 % 34.0 % 34.0 % Increase (decrease) resulting from: State taxes, net of federal tax benefit 2.7 1.8 0.7 Tax exempt income (3.2 ) (4.1 ) (4.7 ) Bank-owned life insurance (BOLI) (6.6 ) (6.4 ) (6.1 ) Gain on life insurance proceeds — — (3.3 ) Tax benefit of stock option buyout — — (2.1 ) Other, net 0.2 (1.9 ) 3.2 Effective tax rate 27.1 % 23.4 % 21.7 % Cash paid for income taxes for the years ended December 31, 2015, 2014 and 2013 was $2.4 million, $2.0 million and $941,000, respectively. The tax effects of each item that gives rise to deferred taxes are as follows: December 31, 2015 2014 (In thousands) Deferred tax assets: Allowance for loan losses $ 3,006 $ 2,702 Net unrealized loss on derivative and hedging activity 2,833 1,951 Employee benefit and share-based compensation plans 2,283 2,133 Defined benefit plan 1,254 1,525 Net unamortized loss on securities transferred from available for sale to held to maturity 799 617 Net unrealized loss on securities available for sale 908 — Other-than-temporary impairment write-down 110 110 Other 498 312 11,691 9,350 Deferred tax liabilities: Deferred loan fees (646 ) (267 ) Net unrealized gain on securities available for sale (96 ) (226 ) Other (68 ) (38 ) (810 ) (531 ) Net deferred tax asset $ 10,881 $ 8,819 The federal income tax reserve for loan losses at the Bank’s base year is $5.8 million. If any portion of the reserve is used for purposes other than to absorb loan losses, approximately 150% of the amount actually used, limited to the amount of the reserve, would be subject to taxation in the fiscal year in which used. As the Bank intends to use the reserve solely to absorb loan losses, a deferred tax liability of $2.4 million has not been provided. We do not have any uncertain tax positions at December 31, 2015 or 2014 which require accrual or disclosure. We record interest and penalties as part of income tax expense. No interest was recorded for the years ended December 31, 2015 and 2014, and no penalties were recorded for the years ended December 31, 2015, 2014 and 2013. Interest of $9,000 was recorded for the year ended December 31, 2013. Our income tax returns are subject to review and examination by federal and state tax authorities. We are currently open to audit under the applicable statutes of limitations by the Internal Revenue Service for the years ended December 31, 2012 through 2015. The years open to examination by state taxing authorities vary by jurisdiction; however, no years prior to 2012 are open.

TRANSACTIONS WITH DIRECTORS AND

TRANSACTIONS WITH DIRECTORS AND EXECUTIVE OFFICERS	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
TRANSACTIONS WITH DIRECTORS AND EXECUTIVE OFFICERS	13. TRANSACTIONS WITH DIRECTORS AND EXECUTIVE OFFICERS We have had, and expect to have in the future, loans with our directors and executive officers. Such loans, in our opinion, do not include more than the normal risk of collectability or other unfavorable features. Following is a summary of activity for such loans: Years Ended December 31, 2015 2014 (In thousands) Balance at beginning of year $ 2,881 $ 6,225 Principal distributions 534 504 Repayments of principal (707 ) (3,897 ) Change in related party status (1,670 ) 49 Balance at end of year $ 1,038 $ 2,881

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
OMMITMENTS AND CONTINGENCIES	14. COMMITMENTS AND CONTINGENCIES In the normal course of business, various commitments and contingent liabilities are outstanding, such as standby letters of credit and commitments to extend credit with off-balance-sheet risk that are not reflected in the consolidated financial statements. Financial instruments with off-balance-sheet risk involve elements of credit, interest rate, liquidity and market risk. We do not anticipate any significant losses as a result of these transactions. The following summarizes these financial instruments and other commitments and contingent liabilities at their contract amounts: December 31, 2015 2014 (In thousands) Commitments to extend credit: Unused lines of credit $ 120,039 $ 110,411 Loan commitments 41,496 49,897 Existing construction loan agreements 37,844 11,419 Standby letters of credit 3,865 3,033 We use the same credit policies in making commitments and conditional obligations as for on balance sheet instruments. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since some commitments expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. We evaluate each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by us upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties. We also have a risk participation agreement (“RPA”) with another financial institution. The RPA is a guarantee to share credit risk associated with an interest rate swap on a participation loan in the event of counterparty default. As such, we accept a portion of the credit risk in order to participate in the loan and we receive a one-time fee. The interest rate swap is collateralized (generally by real estate or business assets) by us and the third party, which limits the credit risk associated with the RPA. Per the terms of the RPA, we must pledge collateral equal to our exposure for the interest rate swap. We monitor overall collateral as part of our off-balance sheet liability analysis, and at December 31, 2015, believe sufficient collateral is available to cover potential swap losses. The term of the RPA, which corresponds to the term of the underlying swap, is 10 years. At December 31, 2015, the fair value of the interest rate swap was $164,000 of which we guarantee 50% of the amount in a default event. The maximum potential future payment guaranteed by us cannot be readily estimated, but is dependent upon the fair value of the interest rate swap and the probability of a default event. If an event of default on all contracts had occurred at December 31, 2015, we would have been required to make payments of approximately $82,000. Standby letters of credit are written conditional commitments issued by us that guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. At December 31, 2015, outstanding commitments to extend credit totaled $203.2 million, with $35.7 million in fixed rate commitments with interest rates ranging from 2.25% to 18.00% and $167.5 million in variable rate commitments. At December 31, 2014, outstanding commitments to extend credit totaled $174.8 million, with $33.2 million in fixed rate commitments with interest rates ranging from 2.45% to 18.00% and $141.6 million in variable rate commitments. In the ordinary course of business, we are party to various legal proceedings, none of which, in our opinion, will have a material effect on our consolidated financial position or results of operations. We lease facilities and certain equipment under cancelable and non-cancelable leases expiring in various years through the year 2046. Certain of the leases provide for renewal periods for up to forty years at our discretion. Rent expense under operating leases was $677,000, $707,000, and $671,000 for the years ended December 31, 2015, 2014, and 2013, respectively. Aggregate future minimum rental payments under the terms of non-cancelable operating leases at December 31, 2015, are as follows: Year Ending Amount (In thousands) 2016 $ 590 2017 464 2018 434 2019 413 2020 304 Thereafter 3,576 $ 5,781 Employment and change of control agreements We have entered into employment and change of control agreements with certain senior officers. The initial term of the employment agreements is for three years subject to separate one-year extensions as approved by the Board of Directors at the end of each applicable fiscal year. Each employment agreement provides for minimum annual salaries, discretionary cash bonuses and other fringe benefits as well as severance benefits upon certain terminations of employment that are not for cause. The change of control agreements expire one year following a notice of non-extension and only provide for severance benefits upon certain terminations of employment that are not for cause and that are related to a change of control of the Company or the Bank.

CONCENTRATIONS OF CREDIT RISK

CONCENTRATIONS OF CREDIT RISK	12 Months Ended
	Dec. 31, 2015
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF CREDIT RISK	15. CONCENTRATIONS OF CREDIT RISK Most of our loans consist of residential and commercial real estate loans located in western Massachusetts. As of December 31, 2015 and 2014, our residential and commercial related real estate loans represented 79.2% and 76.9% of total loans, respectively. Our policy for collateral requires that the amount of the loan may not exceed 100% and 85% of the appraised value of the property for residential and commercial real estate, respectively, at the date the loan is granted. For residential loans, in cases where the loan exceeds 80%, private mortgage insurance is typically obtained for that portion of the loan in excess of 80% of the appraised value of the property.

FAIR VALUE OF ASSETS AND LIABIL

FAIR VALUE OF ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE OF ASSETS AND LIABILITIES	16. FAIR VALUE OF ASSETS AND LIABLITIES Determination of Fair Value We use fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for our various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. Methods and assumptions for valuing our financial instruments are set forth below. Estimated fair values are calculated based on the value without regard to any premium or discount that may result from concentrations of ownership of a financial instrument, possible tax ramifications or estimated transaction cost. Cash and cash equivalents - The carrying amounts of cash and short-term instruments approximate fair values based on the short-term nature of the assets. The carrying amounts of interest-bearing deposits in banks maturing within ninety days approximate their fair values. Fair values of other interest-bearing deposits are estimated using discounted cash flow analyses based on current market rates for similar types of deposits. Securities and mortgage-backed securities Federal Home Loan Bank and other stock Loans receivable - For adjustable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. Fair values for other loans (e.g., commercial real estate and investment property mortgage loans, commercial and industrial loans and residential real estate) are estimated using discounted cash flow analyses, using market interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. Fair values for non-performing loans are estimated using discounted cash flow analyses or underlying collateral values, where applicable. Accrued interest - The carrying amounts of accrued interest approximate fair value. Deposit liabilities - Short-term borrowings and long-term debt - The fair values of our debt instruments are estimated using discounted cash flow analyses based on the current incremental borrowing rates in the market for similar types of borrowing arrangements. Interest rate swaps Commitments to extend credit Assets and Liabilities Measured at Fair Value on a Recurring Basis Assets and liabilities measured at fair value on a recurring basis are summarized below: December 31, 2015 Level 1 Level 2 Level 3 Total Assets: (In thousands) Government-sponsored mortgage-backed securities $ — $ 135,959 $ — $ 135,959 U.S. Government guaranteed mortgage-backed securities — 10,903 — 10,903 Corporate bonds — 21,136 — 21,136 State and municipal bonds — 2,801 — 2,801 Government-sponsored enterprise obligations — 3,951 — 3,951 Mutual funds 6,247 — — 6,247 Common and preferred stock 1,593 — — 1,593 Total assets $ 7,840 $ 174,750 $ — $ 182,590 Liabilities: Interest rate swaps $ — $ 6,064 $ — $ 6,064 December 31, 2014 Level 1 Level 2 Level 3 Total Assets: (In thousands) Government-sponsored mortgage-backed securities $ — $ 139,213 $ — $ 139,213 U.S. Government guaranteed mortgage-backed securities — 1,586 — 1,586 Corporate bonds — 26,223 — 26,223 State and municipal bonds — 17,034 — 17,034 Government-sponsored enterprise obligations — 23,979 — 23,979 Mutual funds 6,176 — — 6,176 Common and preferred stock 1,539 — — 1,539 Total securities available for sale 7,715 208,035 — 215,750 Interest rate swaps — 9 — 9 Total assets $ 7,715 $ 208,044 $ — $ 215,759 Liabilities: Interest rate swaps $ — $ 5,748 $ — $ 5,748 There were no transfers to or from Level 1 and 2 for assets measured at fair value on a recurring basis during the years ended December 31, 2015 and 2014. Assets Measured at Fair Value on a Non-recurring Basis We may also be required, from time to time, to measure certain other financial assets on a nonrecurring basis in accordance with generally accepted accounting principles. These adjustments to fair value usually result from application of lower-of-cost-or-market accounting or write-downs of individual assets. The following table summarizes the fair value hierarchy used to determine the carrying values of the related assets as of December 31, 2015 and 2014. At Year Ended December 31, 2015 December 31, 2015 Total Level 1 Level 2 Level 3 Losses (In thousands) (In thousands) Impaired loans $ — $ — $ 2,111 $ (224 ) Total assets $ — $ — $ 2,111 $ (224 ) At Year Ended December 31, 2014 December 31, 2014 Total Level 1 Level 2 Level 3 Losses (In thousands) (In thousands) Impaired loans $ — $ — $ 5,149 $ (1,036 ) Total assets $ — $ — $ 5,149 $ (1,036 ) The amount of impaired loans represents the carrying value, and net of the related write-down or valuation allowance of impaired loans for which adjustments are based on the estimated fair value of the underlying collateral. The fair value of impaired loans with specific allocations of the allowance for loan losses is generally based on real estate appraisals performed by independent licensed or certified appraisers. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Management will discount appraisals as deemed necessary based on the date of the appraisal and new information deemed relevant to the valuation. Such adjustments are typically significant and result in a Level 3 classification of the inputs for determining fair value. The resulting losses were recognized in earnings through the provision for loan losses. There were no liabilities measured at fair value on a non-recurring basis at December 31, 2015 or 2014. Summary of Fair Values of Financial Instruments The estimated fair values of our financial instruments are as follows: December 31, 2015 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash and cash equivalents $ 13,703 $ 13,703 $ — $ — $ 13,703 Securities available for sale 182,590 7,840 174,750 — 182,590 Securities held to maturity 238,219 — 237,619 — 237,619 Federal Home Loan Bank of Boston and other restricted stock 15,074 — — 15,074 15,074 Loans - net 809,373 — — 797,596 797,596 Accrued interest receivable 3,878 — — 3,878 3,878 Derivative assets — — — — — Liabilities: Deposits 900,363 — — 901,400 901,400 Short-term borrowings 128,407 — 128,407 — 128,407 Long-term debt 153,358 — 155,433 — 155,433 Accrued interest payable 446 — — 446 446 Derivative liabilities 6,064 — 6,064 — 6,064 December 31, 2014 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash and cash equivalents $ 18,785 $ 18,785 $ — $ — $ 18,785 Securities available for sale 215,750 7,715 208,035 — 215,750 Securities held to maturity 278,080 — 277,636 — 277,636 Federal Home Loan Bank of Boston and other restricted stock 14,934 — — 14,934 14,934 Loans - net 716,738 — — 721,818 721,818 Accrued interest receivable 4,213 — — 4,213 4,213 Derivative assets 9 — 9 — 9 Liabilities: Deposits 834,218 — — 834,838 834,838 Short-term borrowings 93,997 — 93,997 — 93,997 Long-term debt 232,479 — 236,457 — 236,457 Accrued interest payable 501 — — 501 501 Derivative liabilities 5,748 — 5,748 — 5,748 Limitations

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
SEGMENT INFORMATION	17. SEGMENT INFORMATION We have one reportable segment, “Community Banking.” All of our activities are interrelated, and each activity is dependent and assessed based on how each of the activities supports the others. For example, commercial lending is dependent upon the ability of the Bank to fund itself with retail deposits and other borrowings and to manage interest rate and credit risk. This situation is also similar for consumer and residential mortgage lending. Accordingly, all significant operating decisions are based upon our analysis as one operating segment or unit. We operate only in the U.S. domestic market, primarily in western Massachusetts and northern Connecticut. For the years ended December 31, 2015, 2014 and 2013, there is no customer that accounted for more than 10% of our revenue.

CONDENSED PARENT COMPANY FINANC

CONDENSED PARENT COMPANY FINANCIAL STATEMENTS	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
CONDENSED PARENT COMPANY FINANCIAL STATEMENTS	18. CONDENSED PARENT COMPANY FINANCIAL STATEMENTS December 31, 2015 2014 (In thousands) ASSETS: Cash equivalents $ 53 $ 178 Securities available for sale 1,593 1,539 Investment in subsidiaries 131,387 134,836 ESOP loan receivable 8,375 8,822 Other assets 6,683 6,184 TOTAL ASSETS 148,091 151,559 LIABILITIES: ESOP loan payable 8,375 8,822 Other liabilities 250 194 EQUITY 139,466 142,543 TOTAL LIABILITIES AND EQUITY $ 148,091 $ 151,559 The condensed statements of income for the parent company are as follows: Years Ended December 31, 2015 2014 2013 (In thousands) INCOME: Dividends from subsidiaries $ 6,557 $ 14,712 $ 26,964 Interest income from securities 20 31 16 ESOP loan interest income 706 741 777 Gain on sale of securities, net — — 3 Total income 7,283 15,484 27,760 OPERATING EXPENSE: Salaries and employee benefits 743 697 879 ESOP interest 706 741 777 Other 556 503 586 Total operating expense 2,005 1,941 2,242 INCOME BEFORE EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES AND INCOME TAXES 5,278 13,543 25,518 EQUITY IN UNDISTRIBUTED INCOME (LOSS) OF SUBSIDIARIES 90 (7,655 ) (19,073 ) NET INCOME BEFORE TAXES 5,368 5,888 6,445 INCOME TAX BENEFIT (347 ) (274 ) (311 ) NET INCOME $ 5,715 $ 6,162 $ 6,756 The condensed statements of cash flows of the parent company are as follows: Years Ended December 31, 2015 2014 2013 (In thousands) OPERATING ACTIVITIES: Net income $ 5,715 $ 6,162 $ 6,756 Dividends in excess of earnings of (less than) subsidiaries (90 ) 7,655 19,073 Net realized securities gains — — (3 ) Change in other liabilities (409 ) (409 ) 198 Change in other assets (52 ) 175 (487 ) Other, net 713 667 1,422 Net cash provided by operating activities 5,877 14,250 26,959 INVESTING ACTIVITIES: Purchase of securities (125 ) (235 ) (349 ) Proceeds from principal collections of securities — — 1,307 Sales of securities 125 235 352 Net cash provided by investing activities — — 1,310 FINANCING ACTIVITIES: Cash dividends paid (2,098 ) (3,832 ) (5,872 ) Common stock repurchased (3,906 ) (10,518 ) (20,093 ) Tender offer to purchase outstanding options — 121 (2,151 ) Excess tax expense in connection with tender offer completion — — (566 ) Excess tax benefit (shortfall) from share-based compensation 2 (1 ) (1 ) Net cash used in financing activities (6,002 ) (14,230 ) (28,683 ) NET CHANGE IN CASH AND CASH EQUIVALENTS (125 ) 20 (414 ) CASH AND CASH EQUIVALENTS Beginning of year 178 158 572 End of year $ 53 $ 178 $ 158 Supplemental cashflow information: Net cash due to broker for common stock repurchased — — 299

OTHER NONINTEREST EXPENSE

OTHER NONINTEREST EXPENSE	12 Months Ended
	Dec. 31, 2015
Other Income and Expenses [Abstract]
OTHER NONINTEREST EXPENSE	19. OTHER NONINTEREST EXPENSE There is no item that as a component of other noninterest expense exceeded 1% of the aggregate of total interest income and noninterest income for the years ended December 31, 2015, 2014 and 2013.

SUMMARY OF QUARTERLY FINANCIAL

SUMMARY OF QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
SUMMARY OF QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	20. SUMMARY OF QUARTERLY FINANCIAL INFORMATION (UNAUDITED) The following tables present a summary of our quarterly financial information for the periods indicated. The year to date totals may differ slightly due to rounding. 2015 First Quarter Second Quarter Third Quarter Fourth Quarter (Dollars in thousands, except per share amounts) Interest and dividend income $ 10,188 $ 10,494 $ 10,974 $ 10,820 Interest expense 2,598 2,715 2,814 2,667 Net interest and dividend income 7,590 7,779 8,160 8,153 Provision for loan losses 300 350 150 475 Other noninterest income 1,005 1,247 1,163 1,243 Loss on prepayment of borrowings (593 ) (278 ) (429 ) — Gain (loss) on sales of securities, net 817 276 414 (1 ) Noninterest expense 6,711 6,865 6,867 6,990 Income before income taxes 1,808 1,809 2,291 1,930 Income tax provision 470 445 680 529 Net income $ 1,338 $ 1,364 $ 1,611 $ 1,401 Basic earnings per share $ 0.08 $ 0.08 $ 0.09 $ 0.08 Diluted earnings per share $ 0.08 $ 0.08 $ 0.09 $ 0.08 2014 First Quarter Second Quarter Third Quarter Fourth Quarter (Dollars in thousands, except per share amounts) Interest and dividend income $ 10,034 $ 10,143 $ 10,343 $ 10,471 Interest expense 2,379 2,442 2,509 2,593 Net interest and dividend income 7,655 7,701 7,834 7,878 Provision for loan losses 100 450 750 275 Other noninterest income 1,049 1,018 1,039 1,033 Gain on sales of securities, net 29 21 226 44 Noninterest expense 6,534 6,531 6,348 6,496 Income before income taxes 2,099 1,759 2,001 2,184 Income tax provision 451 417 491 523 Net income $ 1,648 $ 1,342 $ 1,510 $ 1,661 Basic earnings per share $ 0.09 $ 0.07 $ 0.08 $ 0.09 Diluted earnings per share $ 0.09 $ 0.07 $ 0.08 $ 0.09

SUMMARY OF SIGNIFICANT ACCOUN30

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Nature of Operations and Basis of Presentation	Nature of Operations and Basis of Presentation - Westfield Financial, Inc. (“Westfield Financial,” the “Company,” “we” or “us”) is a Massachusetts-chartered stock holding company for Westfield Bank, a federally chartered stock savings bank (the “Bank”). The Bank’s deposits are insured to the limits specified by the Federal Deposit Insurance Corporation (“FDIC”). The Bank operates 13 banking offices in western Massachusetts and Granby and Enfield, Connecticut, and its primary sources of revenue are earnings on loans to small and middle-market businesses and to residential property homeowners and income from securities. Elm Street Securities Corporation and WFD Securities Corporation, Massachusetts-chartered security corporations, were formed by Westfield Financial for the primary purpose of holding qualified securities. WB Real Estate Holdings, LLC, a Massachusetts-chartered limited liability company was formed for the primary purpose of holding real property acquired as security for debts previously contracted by the Bank.
Principles of Consolidation	Principles of Consolidation
Estimates	Estimates
Reclassifications	Reclassifications –
Cash and Cash Equivalents	Cash and Cash Equivalents
Securities and Mortgage-Backed Securities	Securities and Mortgage-Backed Securities Realized gains and losses on sales of securities and mortgage-backed securities are computed using the specific identification method and are included in noninterest income on the trade date. The amortization of premiums and accretion of discounts is determined by using the level yield method to the maturity date.
Derivatives	Derivatives -
Other-than-Temporary Impairment of Securities	Other-than-Temporary Impairment of Securities
Fair Value Hierarchy	Fair Value Hierarchy Level 1 – Valuation is based on quoted prices in active markets for identical assets. Level 1 assets generally include debt and equity securities that are traded in an active exchange market. Valuations are obtained from readily available pricing sources for market transactions involving identical assets. Level 2 – Valuation is based on observable inputs other than Level 1 prices, such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets and liabilities. Level 3 – Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. Level 3 assets include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Transfers between levels are recognized at the end of a reporting period, if applicable.
Federal Home Loan Bank of Boston Stock	Federal Home Loan Bank of Boston Stock
Loans	Loans
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is evaluated on a regular basis by management. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general, allocated and unallocated components, as further described below. General component The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors stratified by the following loan segments: residential real estate, commercial real estate, commercial and industrial, and consumer. Residential real estate loans include classes for residential and home equity. Management uses a rolling average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment. This historical loss factor is adjusted for the following qualitative factors: trends in delinquencies and nonperforming loans; trends in volume and terms of loans; internal credit ratings; effects of changes in risk selection; underwriting standards and other changes in lending policies, procedures and practices; and national and local economic trends and industry conditions. There were no changes in our policies or methodology pertaining to the general component of the allowance for loan losses during 2015, 2014 and 2013. The qualitative factors are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows: Commercial real estate – Loans in this segment are primarily income-producing investment properties and owner occupied commercial properties throughout New England. The underlying cash flows generated by the properties or operations can be adversely impacted by a downturn in the economy due to increased vacancy rates or diminished cash flows, which in turn, would have an effect on the credit quality in this segment. Management obtains financial information annually and continually monitors the cash flows of these loans. Residential real estate –All loans in this segment are collateralized by owner-occupied residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment. We require private mortgage insurance for all loans originated with a loan-to-value ratio greater than 80 percent and do not grant subprime loans. Commercial and industrial loans – Loans in this segment are made to businesses and are generally secured by assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, decreased consumer spending, changes in technology and government spending are examples of what will have an effect on the credit quality in this segment. Consumer loans – Loans in this segment are both secured and unsecured and repayment is dependent on the credit quality of the individual borrower. Allocated component The allocated component relates to loans that are classified as impaired. Impaired loans are identified by analysis of loan performance, internal credit ratings and watch list loans that management believes are subject to a higher risk of loss. Impairment is measured on a loan by loan basis for commercial real estate and commercial and industrial loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan is lower than the carrying value of that loan. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, we do not separately identify individual consumer and residential real estate loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring agreement. A loan is considered impaired when, based on current information and events, it is probable that we will be unable to collect all of the principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. We determine the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. We may periodically agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring (“TDR”). All TDRs are initially classified as impaired. While we use our best judgment and information available, the ultimate appropriateness of the allowance is dependent upon a variety of factors beyond our control, including the performance of our loan portfolio, the economy, changes in interest rates and the view of the regulatory authorities toward loan classifications. We also maintain a reserve for unfunded credit commitments to provide for the risk of loss inherent in these arrangements. This reserve is determined using a methodology similar to the analysis of the allowance for loan losses, taking into consideration probabilities of future funding requirements. This reserve for unfunded commitments is included in other liabilities and was $60,000 at December 31, 2015 and 2014. Unallocated component An unallocated component may be maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio.
Bank-Owned Life Insurance	Bank-owned Life Insurance –
Transfers and Servicing of Financial Assets	Transfers and Servicing of Financial Assets
Premises and Equipment	Premises and Equipment Years Buildings 39 Leasehold Improvements 5-20 Furniture and Equipment 3-7 The cost of maintenance and repairs is charged to expense when incurred. Major expenditures for betterments are capitalized and depreciated.
Other Real Estate Owned	Other Real Estate Owned
Retirement Plans and Employee Benefits	Retirement Plans and Employee Benefits
Share-based Compensation Plans	Share-based Compensation Plans
Employee Stock Ownership Plan	Employee Stock Ownership Plan
Advertising Costs	Advertising Costs
Income Taxes	Income Taxes
Earnings per Share	Earnings per Share - Earnings per common share have been computed based on the following: Years Ended December 31, 2015 2014 2013 (In thousands, except per share data) Net income applicable to common stock $ 5,715 $ 6,162 $ 6,756 Average number of common shares issued 18,509 19,274 21,254 Less: Average unallocated ESOP Shares (1,011 ) (1,090 ) (1,171 ) Less: Average ungranted equity incentive plan shares — — (4 ) Average number of common shares outstanding used to calculate basic and diluted earnings per common share 17,498 18,184 20,079 Basic and diluted earnings per share $ 0.33 $ 0.34 $ 0.34 Antidilutive shares (1) — — 833 (1) Options outstanding but not included in the computation of earnings per share because they were anti-dilutive, meaning the exercise price of such options exceeded the market value of the Company’s common stock. At December 31, 2015 and 2014, there were no stock options outstanding.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income (loss). The components of accumulated other comprehensive loss, included in shareholders’ equity, are as follows: December 31, 2015 December 31, 2014 (In thousands) Net unrealized gains (losses) on securities available for sale $ (2,343 ) $ 668 Tax effect 812 (226 ) Net-of-tax amount (1,531 ) 442 Net unamortized losses on securities transferred from available-for-sale to held-to-maturity (2,314 ) (1,787 ) Tax effect 799 617 Net-of-tax amount (1,515 ) (1,170 ) Fair value of derivatives used for cash flow hedges (6,064 ) (5,739 ) Termination fee (2,270 ) — Total derivatives (8,334 ) (5,739 ) Tax effect 2,833 1,951 Net-of-tax amount (5,501 ) (3,788 ) Unrecognized deferred loss pertaining to defined benefit plan (3,685 ) (4,484 ) Tax effect 1,254 1,525 Net-of-tax amount (2,431 ) (2,959 ) Accumulated other comprehensive loss $ (10,978 ) $ (7,475 ) The following table presents changes in accumulated other comprehensive loss for the years ended December 31, 2015 and 2014 by component: Securities Derivatives Defined Benefit Pension Plans Accumulated Other Comprehensive Loss (In thousands) Balance at December 31, 2013 $ (2,706 ) $ 1,158 $ (1,427 ) $ (2,975 ) Current-period other comprehensive (loss) income 1,978 (4,946 ) (1,532 ) (4,500 ) Balance at December 31, 2014 $ (728 ) $ (3,788 ) $ (2,959 ) $ (7,475 ) Balance at December 31, 2014 $ (728 ) $ (3,788 ) $ (2,959 ) $ (7,475 ) Current-period other comprehensive (loss) income (2,318 ) (1,713 ) 528 (3,503 ) Balance at December 31, 2015 $ (3,046 ) $ (5,501 ) $ (2,431 ) $ (10,978 ) With regard to defined benefit plans, an actuarial loss of $87,000 is expected to be recognized as a component of net periodic pension cost for the year ending December 31, 2016. There is no amortization of a transition asset expected to be recognized as a component of net periodic pension cost for the year ending December 31, 2016.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) Revenue from Contracts with Customers Revenue Recognition In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall, (Subtopic 825-10) In February of 2016, the FASB issued ASU 2016-02, Leases (Topic 842),

SUMMARY OF SIGNIFICANT ACCOUN31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Estimated Useful Lives of Assets	The estimated useful lives of the assets are as follows: Years Buildings 39 Leasehold Improvements 5-20 Furniture and Equipment 3-7
Earnings Per Common Share	Earnings per common share have been computed based on the following: Years Ended December 31, 2015 2014 2013 (In thousands, except per share data) Net income applicable to common stock $ 5,715 $ 6,162 $ 6,756 Average number of common shares issued 18,509 19,274 21,254 Less: Average unallocated ESOP Shares (1,011 ) (1,090 ) (1,171 ) Less: Average ungranted equity incentive plan shares — — (4 ) Average number of common shares outstanding used to calculate basic and diluted earnings per common share 17,498 18,184 20,079 Basic and diluted earnings per share $ 0.33 $ 0.34 $ 0.34 Antidilutive shares (1) — — 833 (1) Options outstanding but not included in the computation of earnings per share because they were anti-dilutive, meaning the exercise price of such options exceeded the market value of the Company’s common stock. At December 31, 2015 and 2014, there were no stock options outstanding.
Components of Accumulated Other Comprehensive Income (Loss) Included in Shareholders' Equity	The components of accumulated other comprehensive loss, included in shareholders’ equity, are as follows: December 31, 2015 December 31, 2014 (In thousands) Net unrealized gains (losses) on securities available for sale $ (2,343 ) $ 668 Tax effect 812 (226 ) Net-of-tax amount (1,531 ) 442 Net unamortized losses on securities transferred from available-for-sale to held-to-maturity (2,314 ) (1,787 ) Tax effect 799 617 Net-of-tax amount (1,515 ) (1,170 ) Fair value of derivatives used for cash flow hedges (6,064 ) (5,739 ) Termination fee (2,270 ) — Total derivatives (8,334 ) (5,739 ) Tax effect 2,833 1,951 Net-of-tax amount (5,501 ) (3,788 ) Unrecognized deferred loss pertaining to defined benefit plan (3,685 ) (4,484 ) Tax effect 1,254 1,525 Net-of-tax amount (2,431 ) (2,959 ) Accumulated other comprehensive loss $ (10,978 ) $ (7,475 )
Changes in Accumulated Other Comprehensive (Loss) Income	The following table presents changes in accumulated other comprehensive loss for the years ended December 31, 2015 and 2014 by component: Securities Derivatives Defined Benefit Pension Plans Accumulated Other Comprehensive Loss (In thousands) Balance at December 31, 2013 $ (2,706 ) $ 1,158 $ (1,427 ) $ (2,975 ) Current-period other comprehensive (loss) income 1,978 (4,946 ) (1,532 ) (4,500 ) Balance at December 31, 2014 $ (728 ) $ (3,788 ) $ (2,959 ) $ (7,475 ) Balance at December 31, 2014 $ (728 ) $ (3,788 ) $ (2,959 ) $ (7,475 ) Current-period other comprehensive (loss) income (2,318 ) (1,713 ) 528 (3,503 ) Balance at December 31, 2015 $ (3,046 ) $ (5,501 ) $ (2,431 ) $ (10,978 )

SECURITIES (Tables)

SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of securities available for sale and held to maturity	Securities available for sale are summarized as follows: December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Available for sale securities: Government-sponsored mortgage-backed securities $ 138,186 $ — $ (2,227 ) $ 135,959 U.S. Government guaranteed mortgage-backed securities 11,030 — (127 ) 10,903 Corporate bonds 21,176 45 (85 ) 21,136 State and municipal bonds 2,794 7 — 2,801 Government-sponsored enterprise obligations 4,000 — (49 ) 3,951 Mutual funds 6,438 — (191 ) 6,247 Common and preferred stock 1,309 284 — 1,593 Total available for sale securities 184,933 336 (2,679 ) 182,590 Held to maturity securities: Government-sponsored mortgage-backed securities $ 148,085 $ 1,319 $ (1,515 ) $ 147,889 U.S. Government guaranteed mortgage-backed securities 29,174 166 (66 ) 29,274 Corporate bonds 23,969 64 (316 ) 23,717 State and municipal bonds 6,845 68 (102 ) 6,811 Government-sponsored enterprise obligations 30,146 254 (472 ) 29,928 Total held to maturity securities 238,219 1,871 (2,471 ) 237,619 Total $ 423,152 $ 2,207 $ (5,150 ) $ 420,209 December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Available for sale securities: Government-sponsored mortgage-backed securities $ 139,637 $ 423 $ (847 ) $ 139,213 U.S. Government guaranteed mortgage-backed securities 1,591 7 (12 ) 1,586 Corporate bonds 25,711 532 (20 ) 26,223 State and municipal bonds 16,472 562 — 17,034 Government-sponsored enterprise obligations 24,066 69 (156 ) 23,979 Mutual funds 6,296 8 (128 ) 6,176 Common and preferred stock 1,309 230 — 1,539 Total available for sale securities 215,082 1,831 (1,163 ) 215,750 Held to maturity securities: Government-sponsored mortgage-backed securities $ 164,001 $ 2,384 $ (1,453 ) $ 164,932 U.S. Government guaranteed mortgage-backed securities 38,566 34 (607 ) 37,993 Corporate bonds 24,751 76 (248 ) 24,579 State and municipal bonds 7,285 59 (94 ) 7,250 Government-sponsored enterprise obligations 43,477 257 (852 ) 42,882 Total held to maturity securities 278,080 2,810 (3,254 ) 277,636 Total $ 493,162 $ 4,641 $ (4,417 ) $ 493,386
Schedule of amortized cost and fair value of securities available for sale and held to maturity by maturity	The amortized cost and fair value of securities at December 31, 2015, by final maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers have the right to call or repay obligations and mortgage-backed securities amortize monthly. December 31, 2015 Securities Securities Available for Sale Held to Maturity Amortized Cost Fair Value Amortized Cost Fair Value (In thousands) Mortgage-backed securities: Due after one year through five years $ 2,322 $ 2,287 $ 9,649 $ 9,501 Due after five years through ten years 13,187 12,907 35,723 35,014 Due after ten years 133,707 131,668 131,887 132,648 Total $ 149,216 $ 146,862 $ 177,259 $ 177,163 Debt securities: Due in one year or less $ — $ — $ 178 $ 178 Due after one year through five years 15,303 15,213 24,145 23,897 Due after five years through ten years 12,667 12,675 33,179 33,005 Due after ten years — — 3,458 3,376 Total $ 27,970 $ 27,888 $ 60,960 $ 60,456
Schedule of gross realized gains and losses on sales of securities available for sale	Gross realized gains and losses on sales of securities for the years ended December 31, 2015, 2014 and 2013 are as follows: Years Ended December 31, 2015 2014 2013 (In thousands) Gross gains realized $ 1,638 $ 801 $ 3,978 Gross losses realized (132 ) (481 ) (852 ) Net gain realized $ 1,506 $ 320 $ 3,126
Schedule of securities with gross unrealized losses in continuous loss position	Information pertaining to securities with gross unrealized losses at December 31, 2015 and 2014 aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows: December 31, 2015 Less Than 12 Months Over 12 Months Gross Fair Gross Fair Value (In thousands) Available for sale: Government-sponsored mortgage-backed securities $ 2,090 $ 129,731 $ 137 $ 6,228 U.S. Government guaranteed mortgage-backed securities 116 10,290 11 613 Corporate bonds 85 13,374 — — Government-sponsored enterprise obligations 49 3,951 — — Mutual funds 32 4,478 159 1,769 Total available for sale 2,372 161,824 307 8,610 Held to maturity: Government-sponsored mortgage-backed securities $ 947 $ 45,760 $ 568 $ 32,825 U.S. Government guaranteed mortgage-backed securities 37 2,522 29 15,401 Corporate bonds 204 5,412 112 13,382 State and municipal bonds — — 102 4,809 Government-sponsored enterprise obligations — — 472 20,193 Total held to maturity 1,188 53,694 1,283 86,610 Total $ 3,560 $ 215,518 $ 1,590 $ 95,220 December 31, 2014 Less Than 12 Months Over 12 Months Gross Fair Gross Fair Value (In thousands) Available for sale: Government-sponsored mortgage-backed securities $ 47 $ 20,637 $ 800 $ 56,830 U.S. Government guaranteed mortgage-backed securities — — 12 677 Corporate bonds 17 4,438 3 1,497 Government-sponsored enterprise obligations 52 9,189 104 7,396 Mutual funds — — 128 5,103 Total available for sale 116 34,264 1,047 71,503 Held to maturity: Government-sponsored mortgage-backed securities $ 200 $ 10,292 $ 1,253 $ 65,526 U.S. Government guaranteed mortgage-backed securities — — 607 31,951 Corporate bonds 128 5,684 120 13,918 State and municipal bonds — — 94 4,853 Government-sponsored enterprise obligations — — 852 33,224 Total held to maturity 328 15,976 2,926 149,472 Total $ 444 $ 50,240 $ 3,973 $ 220,975 December 31, 2015 Less Than Twelve Months Over Twelve Months Number of Securities Amortized Cost Basis Gross Unrealized Loss Depreciation from AC Basis (%) Number of Securities Amortized Cost Basis Gross Unrealized Loss Depreciation from AC Basis (%) (Dollars in thousands) Government sponsored mortgage-backed securities 53 $ 178,528 $ 3,037 1.7 % 9 $ 39,758 $ 705 1.8 % U.S. government guaranteed mortgage-backed securities 3 12,965 153 1.2 3 16,054 40 0.2 Government sponsored enterprise obligations 2 4,000 49 1.2 4 20,665 472 2.3 Corporate Bonds 11 19,075 289 1.5 4 13,494 112 0.8 Mutual funds 2 4,510 32 0.7 1 1,928 159 8.2 State and municipal bonds — — — — 9 4,911 102 2.1 $ 219,078 $ 3,560 $ 96,810 $ 1,590

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Schedule of loans	Loans consisted of the following amounts: December 31, 2015 2014 (In thousands) Commercial real estate $ 303,036 $ 278,405 Residential real estate: Residential 298,052 237,436 Home equity 43,512 40,305 Commercial and industrial 168,256 165,728 Consumer 1,534 1,542 Total loans 814,390 723,416 Unearned premiums and deferred loan fees and costs, net 3,823 1,270 Allowance for loan losses (8,840 ) (7,948 ) $ 809,373 $ 716,738
Schedule of analysis of changes in allowance for loan losses by segment	An analysis of changes in the allowance for loan losses by segment for the years ended December 31, 2015, 2014 and 2013 is as follows: Commercial Real Estate Residential Commercial and Industrial Consumer Unallocated Total (In thousands) Balance at December 31, 2012 $ 3,406 $ 1,746 $ 2,167 $ 13 $ 462 $ 7,794 Provision (credit) 9 40 148 11 (464 ) (256 ) Charge-offs (20 ) (80 ) (208 ) (33 ) — (341 ) Recoveries 155 1 84 22 — 262 Balance at December 31, 2013 $ 3,550 $ 1,707 $ 2,191 $ 13 $ (2 ) $ 7,459 Provision 505 376 649 42 3 1,575 Charge-offs (350 ) (31 ) (787 ) (55 ) — (1,223 ) Recoveries — 1 121 15 — 137 Balance at December 31, 2014 $ 3,705 $ 2,053 $ 2,174 $ 15 $ 1 $ 7,948 Provision 151 428 605 46 45 1,275 Charge-offs — (58 ) (345 ) (73 ) — (476 ) Recoveries — 8 51 34 — 93 Balance at December 31, 2015 $ 3,856 $ 2,431 $ 2,485 $ 22 $ 46 $ 8,840
Schedule of information pertaining to the allowance for loan losses by segment	Further information pertaining to the allowance for loan losses by segment at December 31, 2015 and 2014 follows: Commercial Residential Commercial and Industrial Consumer Unallocated Total (In thousands) December 31, 2015 Amount of allowance for loans individually evaluated and deemed impaired $ — $ — $ — $ — $ — $ — Amount of allowance for loans collectively or individually evaluated and not deemed impaired 3,856 2,431 2,485 22 46 8,840 Total allowance for loan losses 3,856 2,431 2,485 22 46 8,840 Loans individually evaluated and deemed impaired 3,732 399 3,363 — — 7,494 Loans collectively or individually evaluated and not deemed impaired 299,304 341,165 164,893 1,534 — 806,896 Total loans $ 303,036 $ 341,564 $ 168,256 $ 1,534 $ — $ 814,390 December 31, 2014 Amount of allowance for loans individually evaluated and deemed impaired $ — $ — $ — $ — $ — $ — Amount of allowance for loans collectively or individually evaluated and not deemed impaired 3,705 2,053 2,174 15 1 7,948 Total allowance for loan losses 3,705 2,053 2,174 15 1 7,948 Loans individually evaluated and deemed impaired 3,104 291 4,436 — — 7,831 Loans collectively or individually evaluated and not deemed impaired 275,301 277,450 161,292 1,542 — 715,585 Total loans $ 278,405 $ 277,741 $ 165,728 $ 1,542 $ — $ 723,416
Schedule of past due and non-accrual loans by class	The following is a summary of past due and non-accrual loans by class at December 31, 2015 and 2014: 30 – 59 Days Past Due 60 – 89 Days Past Due Past Due Total Past Past Due 90 Loans on Non-Accrual (In thousands) December 31, 2015 Commercial real estate $ 348 $ 730 $ 20 $ 1,098 $ — $ 3,237 Residential real estate: Residential 638 — 908 1,546 — 1,470 Home equity 230 124 — 354 — — Commercial and industrial 127 649 445 1,221 — 3,363 Consumer 30 — — 30 — 10 Total $ 1,373 $ 1,503 $ 1,373 $ 4,249 $ — $ 8,080 December 31, 2014 Commercial real estate $ 3,003 $ — $ 529 $ 3,532 $ — $ 3,257 Residential real estate: Residential 314 61 1,158 1,533 — 1,323 Home equity 252 — 1 253 — 1 Commercial and industrial 169 — 394 563 — 4,233 Consumer 22 — 3 25 — 16 Total $ 3,760 $ 61 $ 2,085 $ 5,906 $ — $ 8,830
Schedule of impaired loans by class	The following is a summary of impaired loans by class: Year Ended At December 31, 2015 December 31, 2015 Recorded Investment Unpaid Related Average Interest (In thousands) Commercial real estate $ 3,732 $ 4,403 $ — $ 3,332 $ 27 Residential real estate 399 543 — 330 — Commercial and industrial 3,363 4,408 — 3,671 — Total impaired loans $ 7,494 $ 9,354 $ — $ 7,333 $ 27 Year Ended At December 31, 2014 December 31, 2014 Recorded Investment Unpaid Related Average Interest (In thousands) Impaired loans without a valuation allowance: Commercial real estate $ 3,104 $ 3,662 $ — $ 2,267 $ — Residential real estate 291 407 — 223 — Commercial and industrial 4,436 5,181 — 2,032 — Total 7,831 9,250 — 4,522 — Impaired loans with a valuation allowance: Commercial real estate — — — 8,382 576 Commercial and industrial — — — 600 41 Total — — — 8,982 617 Total impaired loans $ 7,831 $ 9,250 $ — $ 13,504 $ 617
Schedule of loans by risk rating	The following table presents our loans by risk rating at December 31, 2015 and December 31, 2014: Commercial Real Estate Residential Home Commercial and Consumer Total (Dollars in thousands) December 31, 2015 Loans rated 1 – 3 $ 269,124 $ 296,582 $ 43,512 $ 135,416 $ 1,524 $ 746,158 Loans rated 4 27,053 — — 16,060 — 43,113 Loans rated 5 138 — — 434 — 572 Loans rated 6 6,721 1,470 — 16,346 10 24,547 $ 303,036 $ 298,052 $ 43,512 $ 168,256 $ 1,534 $ 814,390 December 31, 2014 Loans rated 1 – 3 $ 234,010 $ 236,113 $ 40,282 $ 139,109 $ 1,526 $ 651,040 Loans rated 4 33,305 — — 16,841 — 50,146 Loans rated 5 7,833 — 22 5,545 — 13,400 Loans rated 6 3,257 1,323 1 4,233 16 8,830 $ 278,405 $ 237,436 $ 40,305 $ 165,728 $ 1,542 $ 723,416

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Schedule of premises and equipment	Premises and equipment are summarized as follows: December 31, 2015 2014 (In thousands) Land $ 4,121 $ 1,826 Buildings 13,738 13,293 Leasehold improvements 2,209 2,156 Furniture and equipment 12,334 11,951 Total 32,402 29,226 Accumulated depreciation and amortization (18,838 ) (17,523 ) Premises and equipment, net $ 13,564 $ 11,703

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
Deposit accounts by type and weighted average rates	Deposit accounts by type and weighted average rates are summarized as follows: December 31, 2015 2014 Amount Rate Amount Rate (Dollars in thousands) Demand: Interest-bearing $ 28,913 0.30 % $ 37,983 0.24 % Noninterest-bearing deposits 157,844 — 136,186 — Savings: Regular 75,225 0.11 74,970 0.10 Money market 242,647 0.34 227,330 0.37 Time certificates of deposit 395,734 1.20 357,749 1.19 Total deposits $ 900,363 0.64 % $ 834,218 0.63 %
Scheduled maturities of time certificates of deposit	At December 31, 2015, the scheduled maturities of time certificates of deposit are as follows: Year Ending Amount (In thousands) 2016 $ 240,662 2017 66,138 2018 26,512 2019 39,341 2020 23,070 2021 11 $ 395,734
Schedule of interest expense on deposits	Interest expense on deposits for the years ended December 31, 2015, 2014 and 2013 is summarized as follows: Years Ended December 31, 2015 2014 2013 (In thousands) Regular $ 79 $ 80 $ 119 Money market 830 846 762 Time 4,583 4,152 4,509 Interest-bearing demand 79 99 135 $ 5,571 $ 5,177 $ 5,525

SHORT-TERM BORROWINGS (Tables)

SHORT-TERM BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Schedule of customer repurchase agreements	Customer Repurchase Agreements Years Ended December 31, 2015 2014 (Dollars in thousands) Balance outstanding at end of year $ 34,657 $ 31,164 Maximum amount outstanding during year 48,582 44,435 Average amount outstanding during year 38,883 35,657 Weighted average interest rate at end of year 0.20 % 0.19 % Amortized cost of collateral pledged at end of year (1) 67,440 63,660 Fair value of collateral pledged at end of year (1) 69,948 65,992 (1) Includes collateral pledged toward $5.9 million in long-term customer repurchase agreements.

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Schedule of advances collateralized by lien	FHLBB Advances Amount Weighted Average Rate 2015 2014 2015 2014 (In thousands) Fixed-rate advances maturing: 2015 $ — $ 30,573 — % 1.4 % 2016 24,940 53,757 1.3 2.2 2017 47,500 47,500 2.4 2.4 2018 20,000 10,000 2.0 2.2 2019 16,000 5,000 2.5 3.2 2020 7,000 7,000 1.8 1.8 115,440 153,830 2.1 % 2.1 % Variable-rate advances maturing: 2015 — 9,877 — 0.9 2016 10,000 10,000 1.7 1.4 2018 22,000 32,000 2.1 0.4 2019 — 11,000 — (0.1 ) 32,000 62,877 2.0 0.5 Total advances $ 147,440 $ 216,707 2.1 % 1.6 %
Schedule of securities sold under agreements to repurchase secured by government-sponsored enterprise securities	Securities Sold Under Agreements to Repurchase Amount Weighted Average Rate 2015 2014 2015 2014 (In thousands) Fixed-rates maturing: 2018 $ — $ 10,000 — % 2.7 %

STOCK PLANS AND EMPLOYEE STOC38

STOCK PLANS AND EMPLOYEE STOCK OWNERSHIP PLAN (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of the status of unvested restricted stock awards	A summary of the status of unvested restricted stock awards at December 31, 2015 is presented below: Shares Weighted Balance at December 31, 2014 13,000 $ 8.07 Shares granted 48,560 7.18 Shares vested (7,400 ) 8.02 Balance at December 31, 2015 54,160 $ 7.28
Schedule of the remaining principal balance payable	At December 31, 2015, the remaining principal balances are payable as follows: Year Ending December 31, Amount (In thousands) 2016 $ 447 2017 447 2018 447 2019 447 2020 447 Thereafter 6,140 $ 8,375
Schedule of shares held by ESOP	Shares held by the ESOP include the following at December 31, 2015 and 2014: 2015 2014 Allocated 776,517 739,506 Committed to be allocated 76,888 79,345 Unallocated 963,863 1,040,751 1,817,268 1,859,602

DERIVATIVES AND HEDGING ACTIV39

DERIVATIVES AND HEDGING ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of fair value of derivative financial instruments designated as hedging instruments	The table below presents the fair value of our derivative financial instruments designated as hedging instruments as well as our classification on the balance sheet as of December 31, 2015. December 31, 2015 Asset Derivatives Liability Derivatives Balance Sheet Fair Value Balance Sheet Fair Value (In thousands) Interest rate swaps Other Assets $ — Other Liabilities $ 6,064 Total derivatives designated as hedging instruments $ — $ 6,064 December 31, 2014 Asset Derivatives Liability Derivatives Balance Sheet Fair Value Balance Sheet Fair Value (In thousands) Interest rate swaps Other Assets $ 9 Other Liabilities $ 5,748 Total derivatives designated as hedging instruments $ 9 $ 5,748
Schedule of information about cash flow hedges	The following table presents information about our cash flow hedges at December 31, 2015 and 2014: December 31, 2015 Notional Weighted Average Weighted Average Rate Estimated Fair Amount Maturity Receive Pay Value (In thousands) (In years) (In thousands) Interest rate swaps on FHLBB borrowings $ 40,000 2.3 0.32 % 1.52 % $ (330 ) Forward starting interest rate swaps on FHLBB borrowings 67,500 6.5 — 3.42 % (5,734 ) Total cash flow hedges $ 107,500 4.9 $ (6,064 ) December 31, 2014 Notional Weighted Average Weighted Average Rate Estimated Fair Amount Maturity Received Paid Value (In thousands) (In years) (In thousands) Interest rate swaps on FHLBB borrowings $ 40,000 3.3 0.23 % 1.52 % $ (268 ) Forward starting interest rate swaps on FHLBB borrowings 115,000 6.7 — 3.11 % (5,471 ) Total cash flow hedges $ 155,000 5.8 $ (5,739
Schedule of the pre-tax net gains (losses) of cash flow hedges	The table below presents the pre-tax net (loss) gain of our cash flow hedges for the period indicated. Amount of (Loss) Gain Recognized in OCI on Derivative (Effective Portion) Years Ended December 31, 2015 2014 (In thousands) Interest rate swaps $ (3,337 ) $ (7,684 )

REGULATORY CAPITAL (Tables)

REGULATORY CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
Schedule of regulatory capital	Actual Minimum For Capital Adequacy Purpose Minimum To Be Well Capitalized Under Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2015 Total Capital (to Risk Weighted Assets Consolidated $ 159,386 17.20 % $ 74,136 8.00 % N/A N/A Bank 151,327 16.36 74,006 8.00 $ 92,508 10.00 % Tier 1 Capital ( to Risk Weighted Assets Consolidated 150,444 16.23 55,602 6.00 N/A N/A Bank 142,427 15.40 55,505 6.00 74,006 8.00 Common Equity Tier 1 Capital ( to Risk Weighted Assets Consolidated 150,444 16.23 41,702 4.50 N/A N/A Bank 142,427 15.40 41,629 4.50 60,130 6.50 Tier 1 Leverage Ratio ( to Adjusted Average Assets Consolidated 150,444 11.16 53,876 4.00 N/A N/A Bank 142,427 10.58 53,871 4.00 67,339 5.00 December 31, 2014 Total Capital (to Risk Weighted Assets Consolidated $ 158,016 18.68 % $ 67,675 8.00 % N/A — Bank 150,392 17.81 67,549 8.00 $ 84,436 10.00 % Tier 1 Capital ( to Risk Weighted Assets Consolidated 150,018 17.73 33,838 4.00 N/A — Bank 142,383 16.86 33,775 4.00 50,662 6.00 Tier 1 Capital ( to Adjusted Total Assets Consolidated 150,018 11.30 53,103 4.00 N/A — Bank 142,383 10.74 53,035 4.00 66,293 5.00
Reconciliation of GAAP Capital to Regulatory Tier One and Total Capital	The following is a reconciliation of our GAAP capital to regulatory Tier 1, Common Equity Tier 1 and total capital: December 31, 2015 2014 (In thousands) Consolidated GAAP capital $ 139,466 $ 142,543 Net unrealized losses on available-for-sale securities, net of tax 3,046 728 Unrealized loss on defined benefit pension plan, net of tax 2,431 2,959 Accumulated net loss on cash flow hedges, net of tax 5,501 3,788 Tier 1 and Common Equity Tier 1 capital 150,444 150,018 Unrealized gains on certain available-for-sale equity securities 42 50 Allowance for loan losses and unfunded loan commitments 8,900 7,948 Total regulatory capital $ 159,386 $ 158,016

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of income taxes	Income taxes consist of the following: Years Ended December 31, 2015 2014 2013 (In thousands) Current tax provision: Federal $ 2,036 $ 1,854 $ 795 State 319 221 96 Total 2,355 2,075 891 Deferred tax (benefit) provision: Federal (231 ) (188 ) 980 State — (5 ) — Total (231 ) (193 ) 980 Total $ 2,124 $ 1,882 $ 1,871
Differences Between Statutory Federal Income Tax Rate and Effective Rates	The reasons for the differences between the statutory federal income tax rate and the effective rates are summarized below: Years Ended December 31, 2015 2014 2013 Statutory federal income tax rate 34.0 % 34.0 % 34.0 % Increase (decrease) resulting from: State taxes, net of federal tax benefit 2.7 1.8 0.7 Tax exempt income (3.2 ) (4.1 ) (4.7 ) Bank-owned life insurance (BOLI) (6.6 ) (6.4 ) (6.1 ) Gain on life insurance proceeds — — (3.3 ) Tax benefit of stock option buyout — — (2.1 ) Other, net 0.2 (1.9 ) 3.2 Effective tax rate 27.1 % 23.4 % 21.7 %
Schedule of deferred taxes	The tax effects of each item that gives rise to deferred taxes are as follows: December 31, 2015 2014 (In thousands) Deferred tax assets: Allowance for loan losses $ 3,006 $ 2,702 Net unrealized loss on derivative and hedging activity 2,833 1,951 Employee benefit and share-based compensation plans 2,283 2,133 Defined benefit plan 1,254 1,525 Net unamortized loss on securities transferred from available for sale to held to maturity 799 617 Net unrealized loss on securities available for sale 908 — Other-than-temporary impairment write-down 110 110 Other 498 312 11,691 9,350 Deferred tax liabilities: Deferred loan fees (646 ) (267 ) Net unrealized gain on securities available for sale (96 ) (226 ) Other (68 ) (38 ) (810 ) (531 ) Net deferred tax asset $ 10,881 $ 8,819

TRANSACTIONS WITH DIRECTORS A42

TRANSACTIONS WITH DIRECTORS AND EXECUTIVE OFFICERS (Tables)	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Schedule of activity for loans - directors and executive officers	Following is a summary of activity for such loans: Years Ended December 31, 2015 2014 (In thousands) Balance at beginning of year $ 2,881 $ 6,225 Principal distributions 534 504 Repayments of principal (707 ) (3,897 ) Change in related party status (1,670 ) 49 Balance at end of year $ 1,038 $ 2,881

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Financial instruments and other commitments and contingent liabilities	The following summarizes these financial instruments and other commitments and contingent liabilities at their contract amounts: December 31, 2015 2014 (In thousands) Commitments to extend credit: Unused lines of credit $ 120,039 $ 110,411 Loan commitments 41,496 49,897 Existing construction loan agreements 37,844 11,419 Standby letters of credit 3,865 3,033
Schedule of aggregate future minimum rental payments	Aggregate future minimum rental payments under the terms of non-cancelable operating leases at December 31, 2015, are as follows: Year Ending Amount (In thousands) 2016 $ 590 2017 464 2018 434 2019 413 2020 304 Thereafter 3,576 $ 5,781

FAIR VALUE OF ASSETS AND LIAB44

FAIR VALUE OF ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair value on recurring basis	Assets and liabilities measured at fair value on a recurring basis are summarized below: December 31, 2015 Level 1 Level 2 Level 3 Total Assets: (In thousands) Government-sponsored mortgage-backed securities $ — $ 135,959 $ — $ 135,959 U.S. Government guaranteed mortgage-backed securities — 10,903 — 10,903 Corporate bonds — 21,136 — 21,136 State and municipal bonds — 2,801 — 2,801 Government-sponsored enterprise obligations — 3,951 — 3,951 Mutual funds 6,247 — — 6,247 Common and preferred stock 1,593 — — 1,593 Total assets $ 7,840 $ 174,750 $ — $ 182,590 Liabilities: Interest rate swaps $ — $ 6,064 $ — $ 6,064 December 31, 2014 Level 1 Level 2 Level 3 Total Assets: (In thousands) Government-sponsored mortgage-backed securities $ — $ 139,213 $ — $ 139,213 U.S. Government guaranteed mortgage-backed securities — 1,586 — 1,586 Corporate bonds — 26,223 — 26,223 State and municipal bonds — 17,034 — 17,034 Government-sponsored enterprise obligations — 23,979 — 23,979 Mutual funds 6,176 — — 6,176 Common and preferred stock 1,539 — — 1,539 Total securities available for sale 7,715 208,035 — 215,750 Interest rate swaps — 9 — 9 Total assets $ 7,715 $ 208,044 $ — $ 215,759 Liabilities: Interest rate swaps $ — $ 5,748 $ — $ 5,748
Schedule of assets measured at fair value on non-recurring basis	The following table summarizes the fair value hierarchy used to determine the carrying values of the related assets as of December 31, 2015 and 2014. At Year Ended December 31, 2015 December 31, 2015 Total Level 1 Level 2 Level 3 Losses (In thousands) (In thousands) Impaired loans $ — $ — $ 2,111 $ (224 ) Total assets $ — $ — $ 2,111 $ (224 ) At Year Ended December 31, 2014 December 31, 2014 Total Level 1 Level 2 Level 3 Losses (In thousands) (In thousands) Impaired loans $ — $ — $ 5,149 $ (1,036 ) Total assets $ — $ — $ 5,149 $ (1,036 )
Summary of fair values of financial instruments	The estimated fair values of our financial instruments are as follows: December 31, 2015 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash and cash equivalents $ 13,703 $ 13,703 $ — $ — $ 13,703 Securities available for sale 182,590 7,840 174,750 — 182,590 Securities held to maturity 238,219 — 237,619 — 237,619 Federal Home Loan Bank of Boston and other restricted stock 15,074 — — 15,074 15,074 Loans - net 809,373 — — 797,596 797,596 Accrued interest receivable 3,878 — — 3,878 3,878 Derivative assets — — — — — Liabilities: Deposits 900,363 — — 901,400 901,400 Short-term borrowings 128,407 — 128,407 — 128,407 Long-term debt 153,358 — 155,433 — 155,433 Accrued interest payable 446 — — 446 446 Derivative liabilities 6,064 — 6,064 — 6,064 December 31, 2014 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash and cash equivalents $ 18,785 $ 18,785 $ — $ — $ 18,785 Securities available for sale 215,750 7,715 208,035 — 215,750 Securities held to maturity 278,080 — 277,636 — 277,636 Federal Home Loan Bank of Boston and other restricted stock 14,934 — — 14,934 14,934 Loans - net 716,738 — — 721,818 721,818 Accrued interest receivable 4,213 — — 4,213 4,213 Derivative assets 9 — 9 — 9 Liabilities: Deposits 834,218 — — 834,838 834,838 Short-term borrowings 93,997 — 93,997 — 93,997 Long-term debt 232,479 — 236,457 — 236,457 Accrued interest payable 501 — — 501 501 Derivative liabilities 5,748 — 5,748 — 5,748

CONDENSED PARENT COMPANY FINA45

CONDENSED PARENT COMPANY FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Balance Sheets of Parent Company	The condensed balance sheets of the parent company are as follows: December 31, 2015 2014 (In thousands) ASSETS: Cash equivalents $ 53 $ 178 Securities available for sale 1,593 1,539 Investment in subsidiaries 131,387 134,836 ESOP loan receivable 8,375 8,822 Other assets 6,683 6,184 TOTAL ASSETS 148,091 151,559 LIABILITIES: ESOP loan payable 8,375 8,822 Other liabilities 250 194 EQUITY 139,466 142,543 TOTAL LIABILITIES AND EQUITY $ 148,091 $ 151,559
Condensed Statements of Income for Parent Company	The condensed statements of income for the parent company are as follows: Years Ended December 31, 2015 2014 2013 (In thousands) INCOME: Dividends from subsidiaries $ 6,557 $ 14,712 $ 26,964 Interest income from securities 20 31 16 ESOP loan interest income 706 741 777 Gain on sale of securities, net — — 3 Total income 7,283 15,484 27,760 OPERATING EXPENSE: Salaries and employee benefits 743 697 879 ESOP interest 706 741 777 Other 556 503 586 Total operating expense 2,005 1,941 2,242 INCOME BEFORE EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES AND INCOME TAXES 5,278 13,543 25,518 EQUITY IN UNDISTRIBUTED INCOME (LOSS) OF SUBSIDIARIES 90 (7,655 ) (19,073 ) NET INCOME BEFORE TAXES 5,368 5,888 6,445 INCOME TAX BENEFIT (347 ) (274 ) (311 ) NET INCOME $ 5,715 $ 6,162 $ 6,756
Condensed Statements of Cash Flows of Parent Company	The condensed statements of cash flows of the parent company are as follows: Years Ended December 31, 2015 2014 2013 (In thousands) OPERATING ACTIVITIES: Net income $ 5,715 $ 6,162 $ 6,756 Dividends in excess of earnings of (less than) subsidiaries (90 ) 7,655 19,073 Net realized securities gains — — (3 ) Change in other liabilities (409 ) (409 ) 198 Change in other assets (52 ) 175 (487 ) Other, net 713 667 1,422 Net cash provided by operating activities 5,877 14,250 26,959 INVESTING ACTIVITIES: Purchase of securities (125 ) (235 ) (349 ) Proceeds from principal collections of securities — — 1,307 Sales of securities 125 235 352 Net cash provided by investing activities — — 1,310 FINANCING ACTIVITIES: Cash dividends paid (2,098 ) (3,832 ) (5,872 ) Common stock repurchased (3,906 ) (10,518 ) (20,093 ) Tender offer to purchase outstanding options — 121 (2,151 ) Excess tax expense in connection with tender offer completion — — (566 ) Excess tax benefit (shortfall) from share-based compensation 2 (1 ) (1 ) Net cash used in financing activities (6,002 ) (14,230 ) (28,683 ) NET CHANGE IN CASH AND CASH EQUIVALENTS (125 ) 20 (414 ) CASH AND CASH EQUIVALENTS Beginning of year 178 158 572 End of year $ 53 $ 178 $ 158 Supplemental cashflow information: Net cash due to broker for common stock repurchased — — 299

SUMMARY OF QUARTERLY FINANCIA46

SUMMARY OF QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Summary of quarterly financial information	The following tables present a summary of our quarterly financial information for the periods indicated. The year to date totals may differ slightly due to rounding. 2015 First Quarter Second Quarter Third Quarter Fourth Quarter (Dollars in thousands, except per share amounts) Interest and dividend income $ 10,188 $ 10,494 $ 10,974 $ 10,820 Interest expense 2,598 2,715 2,814 2,667 Net interest and dividend income 7,590 7,779 8,160 8,153 Provision for loan losses 300 350 150 475 Other noninterest income 1,005 1,247 1,163 1,243 Loss on prepayment of borrowings (593 ) (278 ) (429 ) — Gain (loss) on sales of securities, net 817 276 414 (1 ) Noninterest expense 6,711 6,865 6,867 6,990 Income before income taxes 1,808 1,809 2,291 1,930 Income tax provision 470 445 680 529 Net income $ 1,338 $ 1,364 $ 1,611 $ 1,401 Basic earnings per share $ 0.08 $ 0.08 $ 0.09 $ 0.08 Diluted earnings per share $ 0.08 $ 0.08 $ 0.09 $ 0.08 2014 First Quarter Second Quarter Third Quarter Fourth Quarter (Dollars in thousands, except per share amounts) Interest and dividend income $ 10,034 $ 10,143 $ 10,343 $ 10,471 Interest expense 2,379 2,442 2,509 2,593 Net interest and dividend income 7,655 7,701 7,834 7,878 Provision for loan losses 100 450 750 275 Other noninterest income 1,049 1,018 1,039 1,033 Gain on sales of securities, net 29 21 226 44 Noninterest expense 6,534 6,531 6,348 6,496 Income before income taxes 2,099 1,759 2,001 2,184 Income tax provision 451 417 491 523 Net income $ 1,648 $ 1,342 $ 1,510 $ 1,661 Basic earnings per share $ 0.09 $ 0.07 $ 0.08 $ 0.09 Diluted earnings per share $ 0.09 $ 0.07 $ 0.08 $ 0.09

SUMMARY OF SIGNIFICANT ACCOUN47

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)N	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Requirement for private mortgage insurance, loan-to-value ratio	80.00%
Maximum percentage of participant's annual earnings subject to match by employer for 401(K) plan	50.00%
Employer matching contribution for the first 6% of each participant's annual earnings	6.00%
Reserve for unfunded commitments	$ 60	$ 60
Defined benefits plans actuarial loss	(2,040)	3,085	$ (1,540)
Pension Plan [Member]
Defined benefits plans actuarial loss	87
Bankers Bank Northeast [Member]
Required cash reserve	$ 690	$ 690
Massachusetts and Granby and Enfield, Connecticut [Member]
Number of banking offices in which bank operates | N	13

SUMMARY OF SIGNIFICANT ACCOUN48

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2015
Building [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment estimated useful lives	39 years
Leasehold improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment estimated useful lives	5 years
Leasehold improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment estimated useful lives	20 years
Furniture and equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment estimated useful lives	3 years
Furniture and equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment estimated useful lives	7 years

SUMMARY OF SIGNIFICANT ACCOUN49

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended								12 Months Ended
		Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Net income applicable to common stock		$ 1,401	$ 1,611	$ 1,364	$ 1,338	$ 1,661	$ 1,510	$ 1,342	$ 1,648	$ 5,715	$ 6,162	$ 6,756
Average number of common shares issued										18,509,000	19,274,000	21,254,000
Less: Average unallocated ESOP Shares										(1,011,000)	(1,090,000)	(1,171,000)
Less: Average ungranted equity incentive plan shares												(4,000)
Average number of common shares outstanding used to calculate basic and diluted earnings per common share										17,498,000	18,184,000	20,079,000
Basic and diluted earnings per share										$ 0.33	$ 0.34	$ 0.34
Antidilutive shares	[1]											833
[1]	Options outstanding but not included in the computation of earnings per share because they were anti-dilutive, meaning the exercise price of such options exceeded the market value of the Company's common stock. At December 31, 2015 and 2014, there were no stock options outstanding.

SUMMARY OF SIGNIFICANT ACCOUN50

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax amount	$ (10,978)	$ (7,475)
Net unrealized gains (losses) on securities AFS [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) before tax	(2,343)	668
Tax effect	812	(226)
Accumulated other comprehensive income (loss), net of tax amount	(1,531)	442
Net unamortized losses on securities transferred from AFS to HTM [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) before tax	(2,314)	(1,787)
Tax effect	799	617
Accumulated other comprehensive income (loss), net of tax amount	(1,515)	(1,170)
Fair value of derivatives used for cash flow hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) before tax	(6,064)	(5,739)
Derivative Termination Fee	(2,270)
Total derivatives	(8,334)	(5,739)
Tax effect	2,833	1,951
Accumulated other comprehensive income (loss), net of tax amount	(5,501)	(3,788)
Unrecognized deferred loss pertaining to defined benefit plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) before tax	(3,685)	(4,484)
Tax effect	1,254	1,525
Accumulated other comprehensive income (loss), net of tax amount	$ (2,431)	$ (2,959)

SUMMARY OF SIGNIFICANT ACCOUN51

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (7,475)
Current-period other comprehensive income (loss)	(3,503)	$ (4,500)	$ (13,670)
Ending Balance	(10,978)	(7,475)
Defined Benefits Pension Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(2,959)	(1,427)
Current-period other comprehensive income (loss)	528	(1,532)
Ending Balance	(2,431)	(2,959)	(1,427)
Derivative [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(3,788)	1,158
Current-period other comprehensive income (loss)	(1,713)	(4,946)
Ending Balance	(5,501)	(3,788)	1,158
Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(728)	(2,706)
Current-period other comprehensive income (loss)	(2,318)	1,978
Ending Balance	(3,046)	(728)	(2,706)
Accumulated Other Comprehensive Income Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(7,475)	(2,975)
Current-period other comprehensive income (loss)	(3,503)	(4,500)
Ending Balance	$ (10,978)	$ (7,475)	$ (2,975)

SECURITIES (Details Narrative)

SECURITIES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract]
Proceeds from the sale of available for sale securities	$ 134,400	$ 71,700	$ 206,800

SECURITIES (Details)

SECURITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Available-For-Sale Securities
Amortized Cost	$ 184,933	$ 215,082
Gross Unrealized Gains	336	1,831
Gross Unrealized Losses	(2,679)	(1,163)
Fair Value	182,590	215,750
Held-to-maturity securities
Amortized Cost	238,219	278,080
Gross Unrealized Gains	1,871	2,810
Gross Unrealized Losses	(2,471)	(3,254)
Fair Value	237,619	277,636
Total
Amortized Cost	423,152	493,162
Gross Unrealized Gains	2,207	4,641
Gross Unrealized Losses	(5,150)	(4,417)
Fair Value	420,209	493,386
Government-sponsored mortgage-backed securities [Member]
Available-For-Sale Securities
Amortized Cost	138,186	139,637
Gross Unrealized Gains		423
Gross Unrealized Losses	(2,227)	(847)
Fair Value	135,959	139,213
Held-to-maturity securities
Amortized Cost	148,085	164,001
Gross Unrealized Gains	1,319	2,384
Gross Unrealized Losses	(1,515)	(1,453)
Fair Value	147,889	164,932
US Government guaranteed mortgage backed securities [Member]
Available-For-Sale Securities
Amortized Cost	11,030	1,591
Gross Unrealized Gains		7
Gross Unrealized Losses	(127)	(12)
Fair Value	10,903	1,586
Held-to-maturity securities
Amortized Cost	29,174	38,566
Gross Unrealized Gains	166	34
Gross Unrealized Losses	(66)	(607)
Fair Value	29,274	37,993
Corporate bonds [Member]
Available-For-Sale Securities
Amortized Cost	21,176	25,711
Gross Unrealized Gains	45	532
Gross Unrealized Losses	(85)	(20)
Fair Value	21,136	26,223
Held-to-maturity securities
Amortized Cost	23,969	24,751
Gross Unrealized Gains	64	76
Gross Unrealized Losses	(316)	(248)
Fair Value	23,717	24,579
States and municipal Bonds [Member]
Available-For-Sale Securities
Amortized Cost	2,794	16,472
Gross Unrealized Gains	7	562
Fair Value	2,801	17,034
Held-to-maturity securities
Amortized Cost	6,845	7,285
Gross Unrealized Gains	68	59
Gross Unrealized Losses	(102)	(94)
Fair Value	6,811	7,250
Government-sponsored enterprise obligations [Member]
Available-For-Sale Securities
Amortized Cost	4,000	24,066
Gross Unrealized Gains		69
Gross Unrealized Losses	(49)	(156)
Fair Value	3,951	23,979
Held-to-maturity securities
Amortized Cost	30,146	43,477
Gross Unrealized Gains	254	257
Gross Unrealized Losses	(472)	(852)
Fair Value	29,928	42,882
Mutual funds [Member]
Available-For-Sale Securities
Amortized Cost	6,438	6,296
Gross Unrealized Gains		8
Gross Unrealized Losses	(191)	(128)
Fair Value	6,247	6,176
Common and preferred Stock [Member]
Available-For-Sale Securities
Amortized Cost	1,309	1,309
Gross Unrealized Gains	284	230
Fair Value	$ 1,593	$ 1,539

SECURITIES (Details 1)

SECURITIES (Details 1) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Schedule of Investments [Line Items]
Available for Sale Securities, Amortized Cost, Total	$ 184,933	$ 215,082
Held to Maturity Securities, Amortized Cost, Total	238,219	278,080
Held to Maturity Securities, Fair Value, Total	237,619	$ 277,636
Collateralized Mortgage Backed Securities [Member]
Schedule of Investments [Line Items]
Available for Sale Securities, Amortized Cost, Due after one year through five years	2,322
Available for Sale Securities, Amortized Cost, Due after five years through ten years	13,187
Available for Sale Securities, Amortized Cost, Due after ten years	133,707
Available for Sale Securities, Amortized Cost, Total	149,216
Available for Sale Securities, Fair Value, Due after one year through five years	2,287
Available for Sale Securities, Fair Value, Due after five years through ten years	12,907
Available for Sale Securities, Fair Value, Due after ten years	131,668
Available for Sale Securities, Fair Value, Total	146,862
Held to Maturity Securities, Amortized Cost, Due after one year through five years	9,649
Held to Maturity Securities, Amortized Cost, Due after five years through ten years	35,723
Held to Maturity Securities, Amortized Cost, Due after ten years	131,887
Held to Maturity Securities, Amortized Cost, Total	177,259
Held to Maturity Securities, Fair Value, Due after one year through five years	9,501
Held to Maturity Securities, Fair Value, Due after five years through ten years	35,014
Held to Maturity Securities, Fair Value, Due after ten years	132,648
Held to Maturity Securities, Fair Value, Total	177,163
Debt Securities [Member]
Schedule of Investments [Line Items]
Available for Sale Securities, Amortized Cost, Due after one year through five years	15,303
Available for Sale Securities, Amortized Cost, Due after five years through ten years	12,667
Available for Sale Securities, Amortized Cost, Total	27,970
Available for Sale Securities, Fair Value, Due after one year through five years	15,213
Available for Sale Securities, Fair Value, Due after five years through ten years	12,675
Available for Sale Securities, Fair Value, Total	27,888
Held to Maturity Securities, Amortized Cost, Due in one year or less	178
Held to Maturity Securities, Amortized Cost, Due after one year through five years	24,145
Held to Maturity Securities, Amortized Cost, Due after five years through ten years	33,179
Held to Maturity Securities, Amortized Cost, Due after ten years	3,458
Held to Maturity Securities, Amortized Cost, Total	60,960
Held to Maturity Securities, Fair Value, Due in one year or less	178
Held to Maturity Securities, Fair Value, Due after one year through five years	23,897
Held to Maturity Securities, Fair Value, Due after five years through ten years	33,005
Held to Maturity Securities, Fair Value, Due after ten years	3,376
Held to Maturity Securities, Fair Value, Total	$ 60,456

SECURITIES (Details 2)

SECURITIES (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract]
Gross gains realized	$ 1,638	$ 801	$ 3,978
Gross losses realized	(132)	(481)	(852)
Net gain realized	$ 1,506	$ 320	$ 3,126

SECURITIES (Details 3)

SECURITIES (Details 3) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)N	Dec. 31, 2014USD ($)
Available for sale, Less Than 12 Months Gross Unrealized Losses	$ 2,372	$ 116
Available for sale, Less Than 12 Months Fair Value	161,824	34,264
Available for sale, Over 12 Months Gross Unrealized Losses	307	1,047
Available for sale, Over 12 Months Fair Value	8,610	71,503
Held to maturity, Less Than 12 Months Gross Unrealized Losses	1,188	328
Held to maturity, Less Than 12 Months Fair Value	53,694	15,976
Held to maturity, Over 12 Months Gross Unrealized Losses	1,283	2,926
Held to maturity, Over 12 Months Fair Value	86,610	149,472
Total Securities, Less Than 12 Months Gross Unrealized Losses	3,560	444
Total Securities, Less Than 12 Months Fair Value	215,518	50,240
Total Securities, Over 12 Months Gross Unrealized Losses	1,590	3,973
Total Securities, Over 12 Months Fair Value	95,220	220,975
Amortized Cost Basis - less than 12 months	219,078
Gross Unrealized Loss - less than 12 months	(3,560)
Amortized Cost Basis - Over 12 Months	96,810
Gross Loss - Over 12 Months	(1,590)
Government-sponsored mortgage-backed securities [Member]
Available for sale, Less Than 12 Months Gross Unrealized Losses	2,090	47
Available for sale, Less Than 12 Months Fair Value	129,731	20,637
Available for sale, Over 12 Months Gross Unrealized Losses	137	800
Available for sale, Over 12 Months Fair Value	6,228	56,830
Held to maturity, Less Than 12 Months Gross Unrealized Losses	947	200
Held to maturity, Less Than 12 Months Fair Value	45,760	10,292
Held to maturity, Over 12 Months Gross Unrealized Losses	568	1,253
Held to maturity, Over 12 Months Fair Value	$ 32,825	65,526
Number of Securities - less than 12 months | N	53
Amortized Cost Basis - less than 12 months	$ 178,528
Gross Unrealized Loss - less than 12 months	$ 3,037
Depreciation from AC Basis (%) - less than 12 months	1.70%
Number of Securities - Over 12 Months | N	9
Amortized Cost Basis - Over 12 Months	$ 39,758
Gross Loss - Over 12 Months	$ 705
Depreciation from AC Basis (%)- Over 12 Months	1.80%
US Government guaranteed mortgage backed securities [Member]
Available for sale, Less Than 12 Months Gross Unrealized Losses	$ 116
Available for sale, Less Than 12 Months Fair Value	10,290
Available for sale, Over 12 Months Gross Unrealized Losses	11	12
Available for sale, Over 12 Months Fair Value	613	677
Held to maturity, Less Than 12 Months Gross Unrealized Losses	37
Held to maturity, Less Than 12 Months Fair Value	2,522
Held to maturity, Over 12 Months Gross Unrealized Losses	29	607
Held to maturity, Over 12 Months Fair Value	$ 15,401	31,951
Number of Securities - less than 12 months | N	3
Amortized Cost Basis - less than 12 months	$ 12,965
Gross Unrealized Loss - less than 12 months	$ 153
Depreciation from AC Basis (%) - less than 12 months	1.20%
Number of Securities - Over 12 Months | N	3
Amortized Cost Basis - Over 12 Months	$ 16,054
Gross Loss - Over 12 Months	$ 40
Depreciation from AC Basis (%)- Over 12 Months	0.20%
Corporate bonds [Member]
Available for sale, Less Than 12 Months Gross Unrealized Losses	$ 85	17
Available for sale, Less Than 12 Months Fair Value	13,374	4,438
Available for sale, Over 12 Months Gross Unrealized Losses		3
Available for sale, Over 12 Months Fair Value		1,497
Held to maturity, Less Than 12 Months Gross Unrealized Losses	204	128
Held to maturity, Less Than 12 Months Fair Value	5,412	5,684
Held to maturity, Over 12 Months Gross Unrealized Losses	112	120
Held to maturity, Over 12 Months Fair Value	$ 13,382	13,918
Number of Securities - less than 12 months | N	11
Amortized Cost Basis - less than 12 months	$ 19,075
Gross Unrealized Loss - less than 12 months	$ 289
Depreciation from AC Basis (%) - less than 12 months	1.50%
Number of Securities - Over 12 Months | N	4
Amortized Cost Basis - Over 12 Months	$ 13,494
Gross Loss - Over 12 Months	$ 112
Depreciation from AC Basis (%)- Over 12 Months	0.80%
States and municipal Bonds [Member]
Held to maturity, Over 12 Months Gross Unrealized Losses	$ 102	94
Held to maturity, Over 12 Months Fair Value	$ 4,809	4,853
Number of Securities - Over 12 Months | N	9
Amortized Cost Basis - Over 12 Months	$ 4,911
Gross Loss - Over 12 Months	$ 102
Depreciation from AC Basis (%)- Over 12 Months	2.10%
Government-sponsored enterprise obligations [Member]
Available for sale, Less Than 12 Months Gross Unrealized Losses	$ 49	52
Available for sale, Less Than 12 Months Fair Value	3,951	9,189
Available for sale, Over 12 Months Gross Unrealized Losses		104
Available for sale, Over 12 Months Fair Value		7,396
Held to maturity, Over 12 Months Gross Unrealized Losses	472	852
Held to maturity, Over 12 Months Fair Value	$ 20,193	33,224
Number of Securities - less than 12 months | N	2
Amortized Cost Basis - less than 12 months	$ 4,000
Gross Unrealized Loss - less than 12 months	$ 49
Depreciation from AC Basis (%) - less than 12 months	1.20%
Number of Securities - Over 12 Months | N	4
Amortized Cost Basis - Over 12 Months	$ 20,665
Gross Loss - Over 12 Months	$ 472
Depreciation from AC Basis (%)- Over 12 Months	2.30%
Mutual funds [Member]
Available for sale, Less Than 12 Months Gross Unrealized Losses	$ 32
Available for sale, Less Than 12 Months Fair Value	4,478
Available for sale, Over 12 Months Gross Unrealized Losses	159	128
Available for sale, Over 12 Months Fair Value	$ 1,769	$ 5,103
Number of Securities - less than 12 months | N	2
Amortized Cost Basis - less than 12 months	$ 4,510
Gross Unrealized Loss - less than 12 months	$ 32
Depreciation from AC Basis (%) - less than 12 months	0.70%
Number of Securities - Over 12 Months | N	1
Amortized Cost Basis - Over 12 Months	$ 1,928
Gross Loss - Over 12 Months	$ 159
Depreciation from AC Basis (%)- Over 12 Months	8.20%

LOANS (Details Narrative)

LOANS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Serviced loans for participants	$ 19,500,000	$ 20,500,000
Loans	814,390,000	723,416,000
TDR Charge offs	345,857
Net service fee income	4,000	4,000	$ 5,000
Commercial Real Estate - Construction Loans [Member]
Loans	23,100,000	16,800,000
Mortgage Receivable [Member]
Serviced loans for participants	$ 1,000,000	$ 1,100,000

LOANS (Details)

LOANS (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 814,390,000	$ 723,416,000
Unearned premiums and deferred loan fees and costs, net	3,823,000	1,270,000
Allowance for loan losses	(8,840,000)	(7,948,000)	$ (7,459,000)	$ (7,794,000)
Loans, net	809,373,000	716,738,000
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	303,036,000	278,405,000
Allowance for loan losses	(3,856,000)	(3,705,000)	(3,550,000)	(3,406,000)
Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	298,052,000	237,436,000
Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	43,512,000	40,305,000
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	168,256,000	165,728,000
Allowance for loan losses	(2,485,000)	(2,174,000)	(2,191,000)	(2,167,000)
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,534,000	1,542,000
Allowance for loan losses	$ (22,000)	$ (15,000)	$ (13,000)	$ (13,000)

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Beginning Balance	$ 7,948	$ 7,459	$ 7,794
Provision (credit)	1,275	1,575	(256)
Charge-offs	(476)	(1,223)	(341)
Recoveries	93	137	262
Ending Balance	8,840	7,948	7,459
Commercial Real Estate [Member]
Beginning Balance	3,705	3,550	3,406
Provision (credit)	151	505	9
Charge-offs		(350)	(20)
Recoveries			155
Ending Balance	3,856	3,705	3,550
Residential Real Estate [Member]
Beginning Balance	2,053	1,707	1,746
Provision (credit)	428	376	40
Charge-offs	(58)	(31)	(80)
Recoveries	8	1	1
Ending Balance	2,431	2,053	1,707
Commercial and Industrial [Member]
Beginning Balance	2,174	2,191	2,167
Provision (credit)	605	649	148
Charge-offs	(345)	(787)	(208)
Recoveries	51	121	84
Ending Balance	2,485	2,174	2,191
Consumer [Member]
Beginning Balance	15	13	13
Provision (credit)	46	42	11
Charge-offs	(73)	(55)	(33)
Recoveries	34	15	22
Ending Balance	22	15	13
Unallocated [Member]
Beginning Balance	1	(2)	462
Provision (credit)	45	3	(464)
Ending Balance	$ 46	$ 1	$ (2)

LOANS (Details 2)

LOANS (Details 2) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loans collectively or individually evaluated for impairment and not deemed impaired	$ 8,840,000	$ 7,948,000
Total allowance for loan losses	8,840,000	7,948,000	$ 7,459,000	$ 7,794,000
Loans individually evaluated and deemed impaired	7,494,000	7,831,000
Loan collectively or individually evaluated and not deemed impaired	806,896,000	715,585,000
Total loans	814,390,000	723,416,000
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loans collectively or individually evaluated for impairment and not deemed impaired	3,856,000	3,705,000
Total allowance for loan losses	3,856,000	3,705,000	3,550,000	3,406,000
Loans individually evaluated and deemed impaired	3,732,000	3,104,000
Loan collectively or individually evaluated and not deemed impaired	299,304,000	275,301,000
Total loans	303,036,000	278,405,000
Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loans collectively or individually evaluated for impairment and not deemed impaired	2,431,000	2,053,000
Total allowance for loan losses	2,431,000	2,053,000	1,707,000	1,746,000
Loans individually evaluated and deemed impaired	399,000	291,000
Loan collectively or individually evaluated and not deemed impaired	341,165,000	277,450,000
Total loans	341,564,000	277,741,000
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loans collectively or individually evaluated for impairment and not deemed impaired	2,485,000	2,174,000
Total allowance for loan losses	2,485,000	2,174,000	2,191,000	2,167,000
Loans individually evaluated and deemed impaired	3,363,000	4,436,000
Loan collectively or individually evaluated and not deemed impaired	164,893,000	161,292,000
Total loans	168,256,000	165,728,000
Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loans collectively or individually evaluated for impairment and not deemed impaired	22,000	15,000
Total allowance for loan losses	22,000	15,000	13,000	13,000
Loan collectively or individually evaluated and not deemed impaired	1,534,000	1,542,000
Total loans	1,534,000	1,542,000
Unallocated [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loans collectively or individually evaluated for impairment and not deemed impaired	46,000	1,000
Total allowance for loan losses	$ 46,000	$ 1,000	$ (2,000)	$ 462,000

LOANS (Details 3)

LOANS (Details 3) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 4,249	$ 5,906
Loans on Non-Accrual	8,080	8,830
30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,373	3,760
60 - 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,503	61
Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,373	2,085
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,098	3,532
Loans on Non-Accrual	3,237	3,257
Commercial Real Estate [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	348	3,003
Commercial Real Estate [Member] | 60 - 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	730
Commercial Real Estate [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	20	529
Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,546	1,533
Loans on Non-Accrual	1,470	1,323
Residential [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	638	314
Residential [Member] | 60 - 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		61
Residential [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	908	1,158
Home Equity [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	354	253
Loans on Non-Accrual		1
Home Equity [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	230	252
Home Equity [Member] | 60 - 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	124
Home Equity [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,221	563
Loans on Non-Accrual	3,363	4,233
Commercial and Industrial [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	127	169
Commercial and Industrial [Member] | 60 - 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	649
Commercial and Industrial [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	445	394
Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	30	25
Loans on Non-Accrual	10	16
Consumer [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 30	22
Consumer [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		$ 3

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Impaired loans without a valuation allowance:
Recorded Investment	$ 7,494	$ 7,831
Unpaid Principal Balance	9,354	9,250
Average Recorded Investment	7,333	4,522
Interest Income Recognized	27
Impaired loans with valuation allowance:
Average Recorded Investment		8,982
Interest Income Recognized		617
Total Impaired loans:
Recorded Investment		7,831
Unpaid Principal Balance		9,250
Average Recorded Investment		13,504
Interest Income Recognized		617
Commercial Real Estate [Member]
Impaired loans without a valuation allowance:
Recorded Investment	3,732	3,104
Unpaid Principal Balance	4,403	3,662
Average Recorded Investment	3,332	2,267
Interest Income Recognized	27
Impaired loans with valuation allowance:
Average Recorded Investment		8,382
Interest Income Recognized		576
Residential Real Estate [Member]
Impaired loans without a valuation allowance:
Recorded Investment	399	291
Unpaid Principal Balance	543	407
Average Recorded Investment	330	223
Commercial and Industrial [Member]
Impaired loans without a valuation allowance:
Recorded Investment	3,363	4,436
Unpaid Principal Balance	4,408	5,181
Average Recorded Investment	$ 3,671	2,032
Impaired loans with valuation allowance:
Average Recorded Investment		600
Interest Income Recognized		$ 41

LOANS (Details 5)

LOANS (Details 5) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 814,390,000	$ 723,416,000
Loans rated 1-3 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	746,158,000	651,040,000
Loans rated 4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	43,113,000	50,146,000
Loans rated 5 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	572,000	13,400,000
Loans rated 6 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	24,547,000	8,830,000
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	303,036,000	278,405,000
Commercial Real Estate [Member] | Loans rated 1-3 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	269,124,000	234,010,000
Commercial Real Estate [Member] | Loans rated 4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	27,053,000	33,305,000
Commercial Real Estate [Member] | Loans rated 5 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	138,000	7,833,000
Commercial Real Estate [Member] | Loans rated 6 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	6,721,000	3,257,000
Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	298,052,000	237,436,000
Residential [Member] | Loans rated 1-3 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	296,582,000	236,113,000
Residential [Member] | Loans rated 6 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,470,000	1,323,000
Home Equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	43,512,000	40,305,000
Home Equity [Member] | Loans rated 1-3 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	43,512,000	40,282,000
Home Equity [Member] | Loans rated 5 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans		22,000
Home Equity [Member] | Loans rated 6 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans		1,000
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	168,256,000	165,728,000
Commercial and Industrial [Member] | Loans rated 1-3 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	135,416,000	139,109,000
Commercial and Industrial [Member] | Loans rated 4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	16,060,000	16,841,000
Commercial and Industrial [Member] | Loans rated 5 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	434,000	5,545,000
Commercial and Industrial [Member] | Loans rated 6 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	16,346,000	4,233,000
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,534,000	1,542,000
Consumer [Member] | Loans rated 1-3 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,524,000	1,526,000
Consumer [Member] | Loans rated 6 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 10,000	$ 16,000

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 1,315	$ 1,189	$ 1,102

PREMISES AND EQUIPMENT (Detai65

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 32,402	$ 29,226
Accumulated depreciation and amortization	(18,838)	(17,523)
Premises and equipment, net	13,564	11,703
Land [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	4,121	1,826
Building [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	13,738	13,293
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	2,209	2,156
Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 12,334	$ 11,951

DEPOSITS (Details Narrative)

DEPOSITS (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Time deposits over $250,000	$ 108,600
Interest expense on time deposits $250,000 or more	1,000
Deposits [Member]
Cash paid for interest on deposits	$ 5,600	$ 5,200	$ 5,500

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deposit Liabilities [Line Items]
Demand deposits, Interest-bearing	$ 28,913	$ 37,983
Demand deposits interest-bearing rate	0.30%	0.24%
Demand deposits, Noninterest-bearing	$ 157,844	$ 136,186
Regular, amount	$ 75,225	$ 74,970
Savings regular rate	0.11%	0.10%
Money market, amount	$ 242,647	$ 227,330
Savings money market rate	0.34%	0.37%
Time certificates of deposit, rate	1.20%	1.19%
Total deposits, amount	$ 900,363	$ 834,218
Total deposits, rate	0.64%	0.63%
Certificates Of Deposit [Member]
Deposit Liabilities [Line Items]
Time certificates of deposit, amount	$ 395,734	$ 357,749

DEPOSITS (Details 1)

DEPOSITS (Details 1) - Certificates Of Deposit [Member] - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Due during the year ending December 31,
2,016	$ 240,662
2,017	66,138
2,018	26,512
2,019	39,341
2,020	23,070
2,021	11
Total	$ 395,734	$ 357,749

DEPOSITS (Details 2)

DEPOSITS (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Deposits Details 2
Regular	$ 79	$ 80	$ 119
Money market	830	846	762
Time	4,583	4,152	4,509
Interest-bearing demand	79	99	135
Deposits	$ 5,571	$ 5,177	$ 5,525

SHORT-TERM BORROWINGS (Detail N

SHORT-TERM BORROWINGS (Detail Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Short-term borrowings	$ 128,407	$ 93,997
Long-Term Customer Repurchase Agreements [Member]
Debt Instrument [Line Items]
Fair value of collateral pledged at end of year	5,900
Collateralized Mortgage Backed Securities [Member]
Debt Instrument [Line Items]
Fair value of collateral pledged at end of year	63,500	44,400
Collateralized Government-sponsored enterprise obligations [Member]
Debt Instrument [Line Items]
Fair value of collateral pledged at end of year	$ 6,500	$ 21,600
Collateralized Government-sponsored enterprise obligations [Member] | Collateralized Mortgage Backed Securities [Member]
Debt Instrument [Line Items]
Weighted average interest rate	3.64%	3.56%
Federal Home Loan Bank Certificates And Obligations FHLB [Member]
Debt Instrument [Line Items]
Short-term borrowings	$ 93,800	$ 62,800
Weighted average rate	0.44%	0.33%
Short Term Debt [Member]
Debt Instrument [Line Items]
Cash paid for interest	$ 1,068	$ 414	$ 111
FHLBB Advances [Member]
Debt Instrument [Line Items]
Outstanding advance under line of credit		1,800
Total amount available to borrow	9,500	$ 9,500
Bankers Bank Northeast [Member]
Debt Instrument [Line Items]
Total amount available to borrow	4,000
Required cash reserve	300
PNC [Member]
Debt Instrument [Line Items]
Total amount available to borrow	$ 50,000

SHORT-TERM BORROWINGS (Details)

SHORT-TERM BORROWINGS (Details) - Securities Sold under Agreements to Repurchase [Member] - USD ($) $ in Thousands	Dec. 31, 2015		Dec. 31, 2014
Balance outstanding at end of year	$ 34,657		$ 31,164
Maximum amount outstanding during year	48,582		44,435
Average amount outstanding during year	$ 38,883		$ 35,657
Weighted average interest rate at end of year	0.20%		0.19%
Amortized cost of collateral pledged at end of year	$ 67,440	[1]	$ 63,660
Fair value of collateral pledged at end of year	$ 69,948	[1]	$ 65,992
[1]	Includes collateral pledged toward $5.9 million in long-term customer repurchase agreements.

LONG-TERM DEBT (Details Narrati

LONG-TERM DEBT (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Long-term debt	$ 153,358	$ 232,479
Repurchase agreements prepaid	$ 10,000
Repurchase agreements, weighted average rate	2.65%
Prepayment penalty on repurchase agreement	$ 593
FHLBB Advances [Member]
Debt Instrument [Line Items]
Repayment of advances	$ 19,000
Weighted average cost	2.87%
Prepayment penalty	$ 707
Government-sponsored enterprise obligations [Member]
Debt Instrument [Line Items]
Carrying value of securities sold		12,600
Customer Contracts [Member]
Debt Instrument [Line Items]
Long-term debt	$ 5,900	$ 5,800
Long term debt, interest rate	2.50%	2.50%
Long Term Debt [Member]
Debt Instrument [Line Items]
Cash paid for interest	$ 4,100	$ 4,300	$ 4,600
Collateralized Mortgage Backed Securities [Member]
Debt Instrument [Line Items]
Mortgage-backed securities pledged as collateral		$ 257,500
Collateralized Mortgage Backed Securities [Member]
Debt Instrument [Line Items]
Mortgage-backed securities pledged as collateral	$ 212,300

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Schedule Of Federal Home Loan Bank Advances And Other Borrowings [Line Items]
Total advances, amount	$ 147,440	$ 216,707
Advances, weighted average rate	2.10%	1.60%
Fixed Rate Debt [Member]
Schedule Of Federal Home Loan Bank Advances And Other Borrowings [Line Items]
Advances maturing in year 1, amount	$ 24,940	$ 30,573
Advances maturing in year 2, amount	47,500	53,757
Advances maturing in year 3, amount	20,000	47,500
Advances maturing in year 4, amount	16,000	10,000
Advances maturing in year 5, amount	7,000	5,000
Advances maturing in year 5 and after, amount		7,000
Total advances, amount	$ 115,440	$ 153,830
Advances maturing in year 1, weighted average rate	1.30%	1.40%
Advances maturing in year 2, weighted average rate	2.40%	2.20%
Advances maturing in year 3, weighted average rate	2.00%	2.40%
Advances maturing in year 4, weighted average rate	2.50%	2.20%
Advances maturing in year 5, weighted average rate	1.80%	3.20%
Advances maturing in year 5 and after, weighted average rate		1.80%
Advances, weighted average rate	2.10%	2.10%
Variable Rate Debt [Member]
Schedule Of Federal Home Loan Bank Advances And Other Borrowings [Line Items]
Advances maturing in year 1, amount	$ 10,000	$ 9,877
Advances maturing in year 2, amount		10,000
Advances maturing in year 3, amount	22,000
Advances maturing in year 4, amount	32,000	32,000
Advances maturing in year 5, amount		11,000
Total advances, amount	$ 32,000	$ 62,877
Advances maturing in year 1, weighted average rate	1.70%	0.90%
Advances maturing in year 2, weighted average rate		1.40%
Advances maturing in year 3, weighted average rate	2.10%
Advances maturing in year 4, weighted average rate	2.00%	0.40%
Advances maturing in year 5, weighted average rate		(0.10%)
Advances, weighted average rate	2.00%	0.50%

LONG-TERM DEBT (Details 1)

LONG-TERM DEBT (Details 1) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Disclosure Of Repurchase Agreements [Line Items]
Repurchase agreements, weighted average rate	2.65%
Fixed Rate Debt [Member] | Collateralized Securities [Member] | Period Seven [Member]
Disclosure Of Repurchase Agreements [Line Items]
Repurchase agreements, amount		$ 10,000
Repurchase agreements, weighted average rate		2.70%

STOCK PLANS AND EMPLOYEE STOC75

STOCK PLANS AND EMPLOYEE STOCK OWNERSHIP PLAN (Detail Narrative) $ in Thousands	Jan. 03, 2002Nshares	Jan. 31, 2007shares	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)shares	Dec. 31, 2013USD ($)	May. 31, 2014shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation, original shares available for grant						516,000
Share-based compensation expense | $			$ 131	$ 92	$ 126
Stock base compensation, tax benefit | $			44	$ 31	43
Unrecognized share-based compensation cost related to unvested stock options | $			$ 313
Share based compensation cost, weighted average recognition period			3 years 4 months 2 days
Fair value restricted stock | $			$ 58
Common stock sold in initial offering			18,267,747	18,734,791
Total ESOP compensation expense | $			$ 582	$ 576	$ 599
Fair value of unallocated shares | $			$ 8,100	$ 7,600
Restricted Stock Awards Twenty Zero Two [Member] | Directors Officers And Employees Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation, original shares available for grant			652,664
Restricted Stock Awards Twenty Zero Seven [Member] | Directors Officers And Employees Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation, original shares available for grant			624,041
Stock Conversion [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee age required to qualify for ESOP benefit | N	21
Minimum working hours needed for eligibility | N	1,000
Purchase of common stock by ESOP Trust, percentage	8.00%
Purchase of common stock by ESOP Trust	1,305,359
Public Offering [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock sold in initial offering				18,400,000
Second Step Stock Conversion [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase of common stock by ESOP Trust, percentage		4.00%
Purchase of common stock by ESOP Trust		736,000
Debt, interest rate		8.00%

STOCK PLANS AND EMPLOYEE STOC76

STOCK PLANS AND EMPLOYEE STOCK OWNERSHIP PLAN (Details) - Restricted Stock [Member]	12 Months Ended
	Dec. 31, 2015$ / sharesshares
Shares
Beginning balance | shares	13,000
Shares granted | shares	48,560
Shares vested | shares	(7,400)
Ending balance | shares	54,160
Weighted average grant date fair value
Beginning balance | $ / shares	$ 8.07
Shares granted | $ / shares	7.18
Shares vested | $ / shares	8.02
Ending balance | $ / shares	$ 7.28

STOCK PLANS AND EMPLOYEE STOC77

STOCK PLANS AND EMPLOYEE STOCK OWNERSHIP PLAN (Details 1) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Long-term debt	$ 153,358	$ 232,479
Loan To Employee Stock Ownership Plan Trust [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
2,016	447
2,017	447
2,018	447
2,019	447
2,020	447
Thereafter	6,140
Long-term debt	$ 8,375

STOCK PLANS AND EMPLOYEE STOC78

STOCK PLANS AND EMPLOYEE STOCK OWNERSHIP PLAN (Details 2) - shares	Dec. 31, 2015	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Allocated	776,517	739,506
Committed to be allocated	76,888	79,345
Unallocated	963,863	1,040,751
Employee Stock Ownership Plan (ESOP), Shares in ESOP, Total	1,817,268	1,859,602

RETIREMENT PLANS AND EMPLOYEE79

RETIREMENT PLANS AND EMPLOYEE BENEFITS (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)N	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer matching contribution for the first 6% of each participant's annual earnings	6.00%
Maximum percentage of participant's annual earnings subject to match by employer for 401(K) plan	50.00%
Pension Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Minimum working hours needed for eligibility | N	1,000
401 (k) [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer matching contribution for the first 6% of each participant's annual earnings	50.00%
Maximum percentage of participant's annual earnings subject to match by employer for 401(K) plan	6.00%
Employer contribution to plan | $	$ 224	$ 236	$ 231
Fixed Income [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit plan target plan asset allocations	58.00%
Common and preferred Stock [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit plan target plan asset allocations	42.00%

RETIREMENT PLANS AND EMPLOYEE80

RETIREMENT PLANS AND EMPLOYEE BENEFITS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Change in benefit obligation:
Benefit obligation at beginning of year	$ 23,634	$ 19,039	$ 18,752
Service cost	1,234	1,000	1,170
Interest	902	824	763
Actuarial (gain) loss	(2,040)	3,085	(1,540)
Benefits paid	(1,272)	(314)	(106)
Benefit obligation at end of year	22,458	23,634	19,039
Change in plan assets:
Balance at beginning of year	15,947	13,811	12,200
Actual return (loss) on plan assets	(242)	1,725	992
Employer contribution	800	725	725
Benefits paid	1,272	314	106
Balance at end of year	15,233	15,947	13,811
Funded status and accrued benefit at end of year	(7,225)	(7,687)	(5,228)
Accumulated benefit obligation at end of year	$ 16,885	$ 16,423	$ 13,192

RETIREMENT PLANS AND EMPLOYEE81

RETIREMENT PLANS AND EMPLOYEE BENEFITS (Details 1)	Dec. 31, 2015	Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]
Discount rate	4.35%	4.00%
Rate of compensation increase	4.00%	4.00%

RETIREMENT PLANS AND EMPLOYEE82

RETIREMENT PLANS AND EMPLOYEE BENEFITS (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]
Service cost	$ 1,234	$ 1,000	$ 1,170
Interest cost	902	824	763
Expected return on assets	(1,134)	(959)	(948)
Amortization of transition asset		(10)	(12)
Amortization of actuarial loss	118		117
Net periodic pension cost	$ 1,120	$ 855	$ 1,090

RETIREMENT PLANS AND EMPLOYEE83

RETIREMENT PLANS AND EMPLOYEE BENEFITS (Details 3)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]
Discount rate	4.00%	5.00%	4.00%
Expected return on plan assets	7.50%	7.50%	8.00%
Rate of compensation increase	4.00%	4.00%	4.00%

RETIREMENT PLANS AND EMPLOYEE84

RETIREMENT PLANS AND EMPLOYEE BENEFITS (Details 4) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	$ 15,233	$ 15,947	$ 13,811	$ 12,200
Fair Value Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	15,233	15,947
United States Large Cap Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	3,962	3,845
United States Large Cap Equity [Member] | Fair Value Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	3,962	3,845
U S Small Mid Cap Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	926	924
U S Small Mid Cap Equity [Member] | Fair Value Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	926	924
International Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	1,495	1,385
International Equity [Member] | Fair Value Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	1,495	1,385
Asset Allocation [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	741	744
Asset Allocation [Member] | Fair Value Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	741	744
Fixed Income [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	8,109	7,467
Fixed Income [Member] | Fair Value Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	$ 8,109	7,467
Short Term Fixed Income [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset		1,582
Short Term Fixed Income [Member] | Fair Value Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset		$ 1,582

RETIREMENT PLANS AND EMPLOYEE85

RETIREMENT PLANS AND EMPLOYEE BENEFITS (Details 5) $ in Thousands	Dec. 31, 2015USD ($)
Compensation and Retirement Disclosure [Abstract]
2,016	$ 2,082
2,017	526
2,018	1,126
2,019	954
2,020	911
In aggregate for 2020 - 2025	$ 9,561

DERIVATIVES AND HEDGING ACTIV86

DERIVATIVES AND HEDGING ACTIVITIES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative notional amount	$ 107,500		$ 107,500	$ 155,000
Termination value of derivatives in a net liability position	8,200		8,200
Reclassifications amount, effective portion			$ 742	190
Forecasted transactions hedging period			6 years
Estimated amount to be reclassified during the next 12 month period	1,700		$ 1,700
Derivatives in net liability position, value	6,200		6,200	$ 5,900
Terminated Foward Starting Interest Rate Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative notional amount	12,500	$ 35,000	$ 12,500
Termination fees	$ 847	$ 1,600
Termination fees amortized period	5 years	5 years

DERIVATIVES AND HEDGING ACTIV87

DERIVATIVES AND HEDGING ACTIVITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	$ (6,064)	$ (5,739)
Other Liabilities [Member] | Derivatives Designated As Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative liability	6,064	5,748
Other Liabilities [Member] | Interest Rate Swap [Member] | Derivatives Designated As Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative liability	$ 6,064	5,748
Other Assets [Member] | Derivatives Designated As Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets		9
Other Assets [Member] | Interest Rate Swap [Member] | Derivatives Designated As Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets		$ 9

DERIVATIVES AND HEDGING ACTIV88

DERIVATIVES AND HEDGING ACTIVITIES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Derivative [Line Items]
Notional Amount	$ 107,500	$ 155,000
Weighted Average Maturity	4 years 10 months 25 days	5 years 9 months 18 days
Estimated Fair Value	$ (6,064)	$ (5,739)
Interest Rate Swap Agreement [Member]
Derivative [Line Items]
Notional Amount	$ 40,000	$ 40,000
Weighted Average Maturity	2 years 3 months 19 days	3 years 3 months 19 days
Weighted Average Rate Received	0.32%	0.23%
Weighted Average Rate Paid	1.52%	1.52%
Estimated Fair Value	$ (330)	$ (268)
Forward Starting Interest Rate Swap Agreement [Member]
Derivative [Line Items]
Notional Amount	$ 67,500	$ 115,000
Weighted Average Maturity	6 years 6 months	6 years 8 months 12 days
Weighted Average Rate Paid	3.42%	3.11%
Estimated Fair Value	$ (5,734)	$ (5,471)

DERIVATIVES AND HEDGING ACTIV89

DERIVATIVES AND HEDGING ACTIVITIES (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Interest Rate Swap [Member] | Derivatives Designated As Cash Flow Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in OCI	$ (3,337)	$ (7,684)

REGULATORY CAPITAL (Details Nar

REGULATORY CAPITAL (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Number of shares authorized to be repurchased	711,733	1,970,000
Number of shares authorized to be repurchased as percentage of total outstanding shares of common stock		10.00%
Number of shares available to be purchased under repurchase program	484,668	999,460
Restricted equity in net assets	$ 74,000	$ 67,600
Capital converservation buffer of Common Equity Tier 1 Capital ratio	2.50%
Minimum [Member]
Tier 1 Capital (to risk-weighted assets) ratio	6.00%	4.00%
Common Equity Tier 1 Capital (to risk-weighted assets) ratio	4.50%
Tier 1 Leverage (to adjusted average assets) ratio	4.00%

REGULATORY CAPITAL (Details)

REGULATORY CAPITAL (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Total Capital (to Risk Weighted Assets):
Total Capital	$ 159,386	$ 158,016
Tier 1 Capital (to Risk Weighted Assets):
Tier 1 Capital	150,444	150,018
Parent Company [Member]
Total Capital (to Risk Weighted Assets):
Total Capital	$ 159,386	$ 158,016
Total Capital (to risk-weighted assets) ratio	17.20%	18.68%
Minimum amount of capital for adequacy purposes	$ 74,136	$ 67,675
Minimum amount of capital for adequacy purposes, ratio	8.00%	8.00%
Tier 1 Capital (to Risk Weighted Assets):
Tier 1 Capital	$ 150,444	$ 150,018
Tier 1 Capital (to risk-weighted assets) ratio	16.23%	17.73%
Minimum amount of Tier 1 Capital for adequacy purposes	$ 55,602	$ 33,838
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	6.00%	4.00%
Common Equity Tier 1 Capital (to risk-weighted assets)
Common Equity Tier 1 Capital	$ 150,444
Common Equity Tier 1 Capital (to risk-weighted assets) ratio	16.23%
Minimum amount of Common Equity Tier 1 Capital for adequacy purposes	$ 41,702
Minimum amount of Common Equity Tier 1 Capital for adequacy purposes, ratio	4.50%
Tier 1 Leverage Ratio (to Adjusted Average Assets):
Tier 1 Leverage ratio	$ 150,444	$ 150,018
Tier 1 Leverage (to adjusted average assets) ratio	11.16%	11.30%
Minimum amount of Tier 1 Leverage for adequacy purposes	$ 53,876	$ 53,103
Minimum amount of Tier 1 Leverage for adequacy purposes, ratio	4.00%	4.00%
Bank [Member]
Total Capital (to Risk Weighted Assets):
Total Capital	$ 151,327	$ 150,392
Total Capital (to risk-weighted assets) ratio	16.36%	17.81%
Minimum amount of capital for adequacy purposes	$ 74,006	$ 67,549
Minimum amount of capital for adequacy purposes, ratio	8.00%	8.00%
Minimum Capital required to be well-capitalized	$ 92,508	$ 84,436
Minimum Capital required to be well-capitalized, ratio	10.00%	10.00%
Tier 1 Capital (to Risk Weighted Assets):
Tier 1 Capital	$ 142,427	$ 142,383
Tier 1 Capital (to risk-weighted assets) ratio	15.40%	16.86%
Minimum amount of Tier 1 Capital for adequacy purposes	$ 55,505	$ 33,775
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	6.00%	4.00%
Minimum Tier 1 Capital required to be well-capitalized	$ 74,006	$ 50,662
Minimum Tier 1 Capital required to be well-capitalized, ratio	8.00%	6.00%
Common Equity Tier 1 Capital (to risk-weighted assets)
Common Equity Tier 1 Capital	$ 142,427
Common Equity Tier 1 Capital (to risk-weighted assets) ratio	15.40%
Minimum amount of Common Equity Tier 1 Capital for adequacy purposes	$ 41,629
Minimum amount of Common Equity Tier 1 Capital for adequacy purposes, ratio	4.50%
Minimum Common Equity Tier 1 Capital required to be well-capitalized	$ 60,130
Minimum Common Equity Tier 1 Capital required to be well-capitalized, ratio	6.50%
Tier 1 Leverage Ratio (to Adjusted Average Assets):
Tier 1 Leverage ratio	$ 142,427	$ 142,383
Tier 1 Leverage (to adjusted average assets) ratio	10.58%	10.74%
Minimum amount of Tier 1 Leverage for adequacy purposes	$ 53,871	$ 53,035
Minimum amount of Tier 1 Leverage for adequacy purposes, ratio	4.00%	4.00%
Minimum Tier 1 Capital required to be well-capitalized	$ 67,339	$ 66,293
Minimum Tier 1 Leverage required to be well-capitalized, ratio	5.00%	5.00%

REGULATORY CAPITAL (Details 1)

REGULATORY CAPITAL (Details 1) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Banking and Thrift [Abstract]
Consolidated GAAP capital	$ 139,466	$ 142,543	$ 154,144	$ 189,187
Net unrealized losses on available-for-sale securities, net of tax	3,046	728
Unrealized loss on defined benefit pension plan	2,431	2,959
Accumulated net gain on cash flow hedges	5,501	3,788
Tier 1 capital and Common Equity Tier i capital	150,444	150,018
Unrealized gains on certain available-for-sale equity securities	42	50
Allowance for loan losses	8,840	7,948	$ 7,459	$ 7,794
Total regulatory capital	$ 159,386	$ 158,016

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Loss Carryforwards [Line Items]
Cash paid for income taxes	$ 2,400	$ 2,000	$ 941
Deferred tax liability	810	$ 531
Interest expense - income taxes			$ 9
Federal Income Tax [Member]
Operating Loss Carryforwards [Line Items]
Income tax reserve for loan losses	$ 5,800
Percentage of reserve taxable on amount used for unauthorized purpose	150.00%
Deferred tax liability	$ 2,400

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current tax provision:
Federal									$ 2,036	$ 1,854	$ 795
State									319	221	96
Total									2,355	2,075	891
Deferred tax provision:
Federal									$ (231)	(188)	$ 980
State										(5)
Total									$ (231)	(193)	$ 980
Total	$ 529	$ 680	$ 445	$ 470	$ 523	$ 491	$ 417	$ 451	$ 2,124	$ 1,882	$ 1,871

INCOME TAXES (Details 1)

INCOME TAXES (Details 1)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Statutory federal income tax rate	34.00%	34.00%	34.00%
Increase (decrease) resulting from state taxes, net of federal tax benefit	2.70%	1.80%	0.70%
Increase (decrease) resulting from tax exempt income	(3.20%)	(4.10%)	(4.70%)
Increase (decrease) resulting from bank-owned life insurance	(6.60%)	(6.40%)	(6.10%)
Increase (decrease) resulting from gain on life insurance proceeds			(3.30%)
Increase (decrease) resulting from tax benefit of stock option buyout			(2.10%)
Increase (decrease) resulting from other, net	0.20%	(1.90%)	3.20%
Effective tax rate	27.10%	23.40%	21.70%

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Allowance for loan losses	$ 3,006	$ 2,702
Net unrealized loss on derivative and hedging activity	2,833	1,951
Employee benefit and share-based compensation plans	2,283	2,133
Defined benefit plan	1,254	1,525
Net unamortized loss on securities transferred from available for sale to held to maturity	799	$ 617
Net unrealized loss on securities available for sale	908
Other-than-temporary impairment write-down	110	$ 110
Other	498	312
Deferred Tax Assets, Gross, Total	11,691	9,350
Deferred tax liabilities:
Deferred loan fees	(646)	(267)
Net unrealized gain on securities available for sale	(96)	(226)
Other	(68)	(38)
Deferred tax liability	(810)	(531)
Net deferred tax asset	$ 10,881	$ 8,819

TRANSACTIONS WITH DIRECTORS A97

TRANSACTIONS WITH DIRECTORS AND EXECUTIVE OFFICERS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Related Party Transactions [Abstract]
Balance at beginning of year	$ 2,881	$ 6,225
Principal distributions	534	504
Repayments of principal	(707)	(3,897)
Change in related party status	(1,670)	49
Balance at end of year	$ 1,038	$ 2,881

COMMITMENTS AND CONTINGENCIES98

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Risk participation agreement interest rate swap, term	10 years
Risk participation agreement interest rate swap, fair value	$ 164
Guarantee, percentage	50.00%
Estimated risk participation agreement interest rate swap payment	$ 82
Commitments to extend credit	203,200	$ 174,800
Fixed rate commitments	35,700	33,200
Variable rate commitments	167,500	141,600
Rent expense under operating leases	$ 677	$ 707
Minimum [Member]
Fixed rate commitments with interest rates	2.25%	2.45%
Maximum [Member]
Fixed rate commitments with interest rates	18.00%	18.00%

COMMITMENTS AND CONTINGENCIES99

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Standby Letters of Credit [Member]
Loss Contingencies [Line Items]
Commitments to extend credit	$ 3,865	$ 3,033
Lines of Credit [Member]
Loss Contingencies [Line Items]
Commitments to extend credit	120,039	110,411
Loans [Member]
Loss Contingencies [Line Items]
Commitments to extend credit	41,496	49,897
Existing Construction Loan Agreements [Member]
Loss Contingencies [Line Items]
Commitments to extend credit	$ 37,844	$ 11,419

COMMITMENTS AND CONTINGENCIE100

COMMITMENTS AND CONTINGENCIES (Details 1) $ in Thousands	Dec. 31, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,016	$ 590
2,017	464
2,018	434
2,019	413
2,020	304
Thereafter	3,576
Operating Leases, Future Minimum Payments Due, Total	$ 5,781

CONCENTRATIONS OF CREDIT RISK (

CONCENTRATIONS OF CREDIT RISK (Details Narrative)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Ceded Credit Risk [Line Items]
Amount of loan to appraised value of property above which mortgage insurance is obtained for excess portion of loan	80.00%
Residential [Member] | Minimum [Member]
Ceded Credit Risk [Line Items]
Amount of loan to appraised value of property above which mortgage insurance is obtained for excess portion of loan	80.00%
Real Estate Loans [Member]
Ceded Credit Risk [Line Items]
Percentage of real estate loans to total loans	79.20%	76.90%
Residential [Member]
Ceded Credit Risk [Line Items]
Amount of loan to appraised value of property	100.00%
Commercial Loan [Member]
Ceded Credit Risk [Line Items]
Amount of loan to appraised value of property	85.00%

FAIR VALUE OF ASSETS AND LIABLI

FAIR VALUE OF ASSETS AND LIABLITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 182,590	$ 215,750
Derivative asset		9
Derivative liabilities, net	6,064	5,748
Fair Value - Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	7,840	7,715
Fair Value Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	174,750	208,035
Derivative asset		9
Derivative liabilities, net	6,064	5,748
Mutual funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	6,247	6,176
Common and preferred Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,593	1,539
Government-sponsored mortgage-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	135,959	139,213
US Government guaranteed mortgage backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	10,903	1,586
Corporate bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	21,136	26,223
States and municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,801	17,034
Government-sponsored enterprise obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	3,951	23,979
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		215,750
Derivative asset		9
Total assets	182,590	215,759
Derivative liabilities, net	6,064	5,748
Recurring [Member] | Fair Value - Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		7,715
Total assets	7,840	7,715
Recurring [Member] | Fair Value Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		208,035
Derivative asset		9
Total assets	174,750	208,044
Derivative liabilities, net	6,064	5,748
Recurring [Member] | Mutual funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	6,247	6,176
Recurring [Member] | Mutual funds [Member] | Fair Value - Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	6,247	6,176
Recurring [Member] | Common and preferred Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,593	1,539
Recurring [Member] | Common and preferred Stock [Member] | Fair Value - Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,593	1,539
Recurring [Member] | Government-sponsored mortgage-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	135,939	139,213
Recurring [Member] | Government-sponsored mortgage-backed securities [Member] | Fair Value Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	135,959	139,213
Recurring [Member] | US Government guaranteed mortgage backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	10,903	1,586
Recurring [Member] | US Government guaranteed mortgage backed securities [Member] | Fair Value Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	10,903	1,586
Recurring [Member] | Corporate bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	21,136	26,223
Recurring [Member] | Corporate bonds [Member] | Fair Value Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	21,136	26,223
Recurring [Member] | States and municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,801	17,034
Recurring [Member] | States and municipal Bonds [Member] | Fair Value Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,801	17,034
Recurring [Member] | Government-sponsored enterprise obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	3,951	23,979
Recurring [Member] | Government-sponsored enterprise obligations [Member] | Fair Value Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 3,951	$ 23,979

FAIR VALUE OF ASSETS AND LIA103

FAIR VALUE OF ASSETS AND LIABLITIES (Details 1) - Nonrecurring [Member] - Impaired Loans [Member] - Fair Value Inputs Level 3 [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 2,111	$ 5,149
Gains (Losses) arising from fair value adjustment of assets	$ (224)	$ (1,036)

FAIR VALUE OF ASSETS AND LIA104

FAIR VALUE OF ASSETS AND LIABLITIES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets:
Cash and cash equivalents	$ 13,703	$ 18,785
Securities available for sale	182,590	215,750
Securities held to maturity	237,619	277,636
Federal Home Loan Bank of Boston and other restricted stock	15,074	14,934
Loans - net	797,596	721,818
Accrued interest receivable	3,878	4,213
Derivative assets		9
Liabilities:
Deposits	901,400	834,838
Short-term borrowings	128,407	93,997
Long-term debt	155,433	236,457
Accrued interest payable	446	501
Derivative liabilities, net	6,064	5,748
Fair Value - Level 1 [Member]
Assets:
Cash and cash equivalents	13,703	18,785
Securities available for sale	7,840	7,715
Fair Value Inputs Level 2 [Member]
Assets:
Securities available for sale	174,750	208,035
Securities held to maturity	237,619	277,636
Derivative assets		9
Liabilities:
Short-term borrowings	128,407	93,997
Long-term debt	155,433	236,457
Derivative liabilities, net	6,064	5,748
Fair Value Inputs Level 3 [Member]
Assets:
Federal Home Loan Bank of Boston and other restricted stock	15,074	14,934
Loans - net	797,596	721,818
Accrued interest receivable	3,878	4,213
Liabilities:
Deposits	901,400	834,838
Accrued interest payable	446	501
Carrying Value [Member]
Assets:
Cash and cash equivalents	13,703	18,785
Securities available for sale	182,590	215,750
Securities held to maturity	238,219	278,080
Federal Home Loan Bank of Boston and other restricted stock	15,074	14,934
Loans - net	809,373	716,738
Accrued interest receivable	3,878	4,213
Derivative assets		9
Liabilities:
Deposits	900,363	834,218
Short-term borrowings	128,407	93,997
Long-term debt	153,358	232,479
Accrued interest payable	446	501
Derivative liabilities, net	$ 6,064	$ 5,748

CONDENSED PARENT COMPANY FIN105

CONDENSED PARENT COMPANY FINANCIAL STATEMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
ASSETS:
Securities available for sale	$ 182,590	$ 215,750
Other assets	2,418	2,371
TOTAL ASSETS	1,339,930	1,320,096
LIABILITIES:
Other liabilities	18,336	16,859
EQUITY	139,466	142,543	$ 154,144	$ 189,187
TOTAL LIABILITIES AND EQUITY	1,339,930	1,320,096
Parent Company [Member]
ASSETS:
Cash equivalents	53	178
Securities available for sale	1,593	1,539
Investment in subsidiaries	131,387	134,836
ESOP loan receivable	8,375	8,822
Other assets	6,683	6,184
TOTAL ASSETS	148,091	151,559
LIABILITIES:
ESOP loan payable	8,375	8,822
Other liabilities	250	194
EQUITY	139,466	142,543
TOTAL LIABILITIES AND EQUITY	$ 148,091	$ 151,559

CONDENSED PARENT COMPANY FIN106

CONDENSED PARENT COMPANY FINANCIAL STATEMENTS (Details 1) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
INCOME:
Gain (loss) on sale of securities, net									$ 1,506	$ 320	$ 3,126
OPERATING EXPENSE:
Salaries and employee benefits									15,410	14,709	15,458
INCOME BEFORE EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES AND INCOME TAXES	$ 1,930	$ 2,291	$ 1,809	$ 1,808	$ 2,184	$ 2,001	$ 1,759	$ 2,099	7,839	8,044	8,627
INCOME TAX BENEFIT	529	680	445	470	523	491	417	451	2,124	1,882	1,871
NET INCOME	$ 1,401	$ 1,611	$ 1,364	$ 1,338	$ 1,661	$ 1,510	$ 1,342	$ 1,648	5,715	6,162	6,756
Parent Company [Member]
INCOME:
Dividends from subsidiaries									6,557	14,712	26,964
Interest income from securities									20	31	16
ESOP loan interest income									$ 706	$ 741	777
Gain (loss) on sale of securities, net											3
Total income									$ 7,283	$ 15,484	27,760
OPERATING EXPENSE:
Salaries and employee benefits									743	697	879
ESOP interest expense									706	741	777
Other									556	503	586
Total operating expense									2,005	1,941	2,242
INCOME BEFORE EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES AND INCOME TAXES									5,278	13,543	25,518
EQUITY IN UNDISTRIBUTED INCOME (LOSS) OF SUBSIDIARIES									90	(7,655)	(19,073)
INCOME BEFORE INCOME TAXES									5,368	5,888	6,445
INCOME TAX BENEFIT									(347)	(274)	(311)
NET INCOME									$ 5,715	$ 6,162	$ 6,756

CONDENSED PARENT COMPANY FIN107

CONDENSED PARENT COMPANY FINANCIAL STATEMENTS (Details 2) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
OPERATING ACTIVITIES:
Net income	$ 1,401	$ 1,611	$ 1,364	$ 1,338	$ 1,661	$ 1,510	$ 1,342	$ 1,648	$ 5,715	$ 6,162	$ 6,756
Net realized securities gains									(1,506)	(320)	(3,126)
Change in other liabilities									(308)	77	807
Change in other assets									(56)	(150)	(21)
INVESTING ACTIVITIES:
Sale of securities									134,437	71,738	206,788
FINANCING ACTIVITIES:
Cash dividends paid									(2,098)	(3,832)	(5,872)
Common stock repurchased									(3,906)	(10,518)	(20,093)
Excess tax benefit (shortfall) from share-based compensation									2	(1)	(1)
NET DECREASE IN CASH AND CASH EQUIVALENTS									(5,082)	(957)	7,981
Supplemental cashflow information:
Net cash due to broker for common stock repurchased											299
Parent Company [Member]
OPERATING ACTIVITIES:
Net income									5,715	6,162	6,756
Dividends in excess of earnings (less than) of subsidiaries									$ (90)	$ 7,655	19,073
Net realized securities gains											(3)
Change in other liabilities									$ (409)	$ (409)	198
Change in other assets									(52)	175	(487)
Other, net									713	667	1,422
Net cash provided by operating activities									5,877	14,250	26,959
INVESTING ACTIVITIES:
Purchase of securities									(125)	$ (235)	(349)
Proceeds from principal collections of securities											1,307
Sale of securities									$ 125	$ 235	352
Net cash provided by (used in) investing activities											1,310
FINANCING ACTIVITIES:
Cash dividends paid									$ (2,098)	$ (3,832)	(5,872)
Common stock repurchased									(3,906)	(10,518)	(20,093)
Tender offer to purchase outstanding options										121	(2,151)
Excess tax expense in connection with tender offer completion											(566)
Excess tax benefit (shortfall) from share-based compensation									2	(1)	(1)
Net cash used in financing activities									(6,002)	(14,230)	(28,683)
NET DECREASE IN CASH AND CASH EQUIVALENTS									(125)	20	(414)
CASH AND CASH EQUIVALENTS
Beginning of year				$ 178				$ 158	178	158	572
End of year	$ 53				$ 178				$ 53	$ 178	158
Supplemental cashflow information:
Net cash due to broker for common stock repurchased											$ 299

SUMMARY OF QUARTERLY FINANCI108

SUMMARY OF QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Interest and dividend income	$ 10,820	$ 10,974	$ 10,494	$ 10,188	$ 10,471	$ 10,343	$ 10,143	$ 10,034
Interest expense	2,667	2,814	2,715	2,598	2,593	2,509	2,442	2,379	$ 10,794	$ 9,923	$ 10,290
Total interest and dividend income	8,153	8,160	7,779	7,590	7,878	7,834	7,701	7,655	42,476	40,991	41,031
Provision for loan losses	475	150	350	300	275	750	450	100
Other noninterest income	1,243	1,163	1,247	1,005	1,033	1,039	1,018	1,049
Loss on prepayment of borrowings		(429)	(278)	(593)
Gain (loss) on sales of securities, net	(1)	414	276	817	44	226	21	29
Noninterest expense	6,990	6,867	6,865	6,711	6,496	6,348	6,531	6,534	27,433	25,909	26,642
Income before income taxes	1,930	2,291	1,809	1,808	2,184	2,001	1,759	2,099	7,839	8,044	8,627
Income tax provision	529	680	445	470	523	491	417	451	2,124	1,882	1,871
NET INCOME	$ 1,401	$ 1,611	$ 1,364	$ 1,338	$ 1,661	$ 1,510	$ 1,342	$ 1,648	$ 5,715	$ 6,162	$ 6,756
Basic earnings per share (in dollars per share)	$ 0.08	$ 0.09	$ 0.08	$ 0.08	$ 0.09	$ 0.08	$ 0.07	$ 0.09	$ 0.33	$ 0.34	$ 0.34
Diluted earnings per share (in dollars per share)	$ 0.08	$ 0.09	$ 0.08	$ 0.08	$ 0.09	$ 0.08	$ 0.07	$ 0.09	$ 0.33	$ 0.34	$ 0.34