Select Bancorp (SLCT) 10-Q 14 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 08, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Registrant Name	SELECT BANCORP, INC.
Entity Central Index Key	1,263,762
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	SLCT
Entity Common Stock, Shares Outstanding		11,633,824

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	[1]
ASSETS
Cash and due from banks	$ 15,538	$ 12,567
Interest-earning deposits in other banks	57,456	49,842
Certificates of deposit	1,000	1,000
Investment securities available for sale, at fair value	65,662	80,709
Loans	651,743	617,398
Allowance for loan losses	(7,889)	(7,021)
NET LOANS	643,854	610,377
Accrued interest receivable	2,484	2,350
Stock in Federal Home Loan Bank of Atlanta (“FHLB”), at cost	2,340	2,112
Other non-marketable securities	750	705
Foreclosed real estate	548	1,401
Premises and equipment, net	18,118	19,078
Bank owned life insurance	22,036	21,592
Goodwill	6,931	6,931
Core deposit intangible (“CDI”)	909	1,241
Assets held for sale	1,214	846
Other assets	5,934	6,264
TOTAL ASSETS	844,774	817,015
Deposits:
Demand	177,237	148,304
Savings	37,859	37,353
Money market and NOW	169,996	179,450
Time	292,029	286,054
TOTAL DEPOSITS	677,121	651,161
Short-term debt	38,175	29,673
Long-term debt	22,372	28,703
Accrued interest payable	190	232
Accrued expenses and other liabilities	3,725	2,544
TOTAL LIABILITIES	741,583	712,313
Shareholders' Equity:
Preferred stock, no par value, 5,000,000 shares authorized; 0 and 7,645 shares issued and outstanding at September 30, 2016 and December 31, 2015	0	7,645
Common stock, $1.00 par value, 25,000,000 shares authorized; 11,632,192 and 11,583,011 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively	11,632	11,583
Additional paid-in capital	69,475	69,061
Retained earnings	21,068	15,923
Common stock issued to deferred compensation trust, at cost; 271,892 and 253,538 shares at September 30, 2016 and December 31, 2015, respectively	(2,261)	(2,139)
Directors’ Deferred Compensation Plan Rabbi Trust	2,261	2,139
Accumulated other comprehensive income	1,016	490
TOTAL SHAREHOLDERS’ EQUITY	103,191	104,702
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 844,774	$ 817,015
[1]	Derived from audited consolidated financial statements.

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	7,645
Preferred Stock, Shares Outstanding	0	7,645
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	11,632,192	11,583,011
Common stock, shares outstanding	11,632,192	11,583,011
Deferred Compensation, Share-based Payments [Member]
Common stock, shares issued	271,892	253,538

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
INTEREST INCOME
Loans	$ 8,369	$ 7,990	$ 24,576	$ 23,528
Federal funds sold and interest-earning deposits in other banks	52	13	189	44
Investments	334	409	1,067	1,344
TOTAL INTEREST INCOME	8,755	8,412	25,832	24,916
INTEREST EXPENSE
Money market, NOW and savings deposits	98	99	291	294
Time deposits	642	630	1,950	1,965
Short-term debt	22	10	162	56
Long-term debt	147	139	345	337
TOTAL INTEREST EXPENSE	909	878	2,748	2,652
NET INTEREST INCOME	7,846	7,534	23,084	22,264
PROVISION FOR LOAN LOSSES	337	393	847	384
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	7,509	7,141	22,237	21,880
NON-INTEREST INCOME
Gain on sale of investment securities	0	0	22	219
Service charges on deposit accounts	249	274	742	796
Other fees and income	536	298	1,718	1,361
TOTAL NON-INTEREST INCOME	785	572	2,482	2,376
NON-INTEREST EXPENSE
Personnel	3,176	3,044	9,465	9,116
Occupancy and equipment	575	543	1,756	1,655
Deposit insurance	76	125	337	392
Professional fees	263	239	750	981
CDI amortization	105	125	332	429
Merger/acquisition related expenses	0	103	0	138
Information systems	510	527	1,543	1,412
Foreclosed-related expenses	140	97	203	156
Other	786	767	2,384	2,214
TOTAL NON-INTEREST EXPENSE	5,631	5,570	16,770	16,493
INCOME BEFORE INCOME TAX	2,663	2,143	7,949	7,763
INCOME TAXES	924	792	2,800	2,848
NET INCOME	1,739	1,351	5,149	4,915
DIVIDENDS AND ACCRETION OF PREFERRED STOCK	0	19	4	57
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$ 1,739	$ 1,332	$ 5,145	$ 4,858
NET INCOME PER COMMON SHARE
Basic (in dollars per share)	$ 0.15	$ 0.12	$ 0.44	$ 0.42
Diluted (in dollars per share)	$ 0.15	$ 0.12	$ 0.44	$ 0.42
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic (in shares)	11,627,270	11,521,043	11,601,993	11,476,532
Diluted (in shares)	11,666,280	11,582,724	11,647,915	11,547,581

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net income	$ 1,739	$ 1,351	$ 5,149	$ 4,915
Other comprehensive income (loss):
Unrealized gain (loss) on investment securities available for sale	(259)	595	840	523
Tax effect	97	(222)	(300)	(197)
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	(162)	373	540	326
Reclassification adjustment for gain included in net income	0	0	(22)	(219)
Tax effect	0	0	8	78
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Net of Tax	0	0	(14)	(141)
Total	(162)	373	526	185
Total comprehensive income	$ 1,577	$ 1,724	$ 5,675	$ 5,100

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Preferred Stock [Member]	Common Stock [Member]	Additional paid-in Capital [Member]	Retained Earnings [Member]	Common Stock Issued to Deferred Compensation Trust [Member]	Deferred Comp Plan [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balance at Dec. 31, 2014	$ 97,685	$ 7,645	$ 11,378	$ 68,406	$ 9,447	$ (2,121)	$ 2,121	$ 809
Balance (in shares) at Dec. 31, 2014		7,645	11,377,980
Net income	4,915	$ 0	$ 0	0	4,915	0	0	0
Other comprehensive income, net	185	0	0	0	0	0	0	185
Preferred stock dividends paid	(57)	0	0	0	(57)	0	0	0
Stock option exercises	791	$ 0	$ 199	592	0	0	0	0
Stock option exercises (in shares)		0	199,131
Stock based compensation	26	$ 0	$ 0	26	0	0	0	0
Director equity incentive plan, net	0	0	0	0	0	(18)	18	0
Balance at Sep. 30, 2015	103,545	$ 7,645	$ 11,577	69,024	14,305	(2,139)	2,139	994
Balance (in shares) at Sep. 30, 2015		7,645	11,577,111
Balance at Dec. 31, 2015	104,702	$ 7,645	$ 11,583	69,061	15,923	(2,139)	2,139	490
Balance (in shares) at Dec. 31, 2015		7,645	11,583,011
Net income	5,149	$ 0	$ 0	0	5,149	0	0	0
Other comprehensive income, net	526	0	0	0	0	0	0	526
Preferred stock dividends paid	(4)	0	0	0	(4)	0	0	0
Preferred stock redemption	(7,645)	$ (7,645)	$ 0	0	0	0	0	0
Preferred stock redemption (in shares)		(7,645)	0
Stock option exercises	410	$ 0	$ 49	361	0	0	0	0
Stock option exercises (in shares)		0	49,181
Stock based compensation	53	$ 0	$ 0	53	0	0	0	0
Director equity incentive plan, net	0	0	0	0	0	(122)	122	0
Balance at Sep. 30, 2016	$ 103,191	$ 0	$ 11,632	$ 69,475	$ 21,068	$ (2,261)	$ 2,261	$ 1,016
Balance (in shares) at Sep. 30, 2016		0	11,632,192

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 5,149	$ 4,915
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	847	384
Depreciation and amortization of premises and equipment	808	798
Amortization and accretion of investment securities	579	721
Amortization of deferred loan fees and costs	(346)	(216)
Amortization of core deposit intangible	332	429
Stock-based compensation	53	26
Accretion on acquired loans	(905)	(1,102)
Amortization of acquisition premium on time deposits	(542)	(641)
Net accretion of acquisition discount on borrowings	(212)	(299)
Increase in cash surrender value of bank owned life insurance	(444)	(469)
Net loss on sale and write-downs of foreclosed real estate	164	117
Net write-down on asset held for sale	13	271
Net gain on investment security sales and pay-downs	(22)	(219)
Change in assets and liabilities:
Net change in accrued interest receivable	(134)	108
Net change in other assets	17	461
Net change in accrued expenses and other liabilities	1,139	237
NET CASH PROVIDED BY OPERATING ACTIVITIES	6,496	5,521
CASH FLOWS FROM INVESTING ACTIVITIES
Redemption of FHLB stock	(228)	(525)
Purchase (redemption) of non-marketable security	(45)	133
Purchase of investment securities available for sale	(1,517)	(7,322)
Maturities of investment securities available for sale	9,434	12,430
Mortgage-backed securities pay-downs	6,788	7,165
Proceeds from sale of investment securities available for sale	624	5,640
Net change in loans outstanding	(34,215)	(44,908)
Proceeds from sale of foreclosed real estate	1,831	560
Disposal of premises and equipment	400	0
Purchases of premises and equipment	(629)	(2,500)
NET CASH USED BY INVESTING ACTIVITIES	(17,557)	(29,327)
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in deposits	26,502	1,674
Proceeds from short-term debt	22,000	17,883
Repayments on short-term debt	(18,493)	(7,812)
Repayments on long-term debt	(1,124)	3,472
Preferred stock dividends paid	(4)	(57)
Redemption of preferred stock	(7,645)	0
Proceeds from stock option exercises	410	791
NET CASH PROVIDED BY FINANCING ACTIVITIES	21,646	15,951
NET CHANGE IN CASH AND CASH EQUIVALENTS	10,585	(7,855)
CASH AND CASH EQUIVALENTS, BEGINNING	63,409	58,410
CASH AND CASH EQUIVALENTS, ENDING	73,994	50,555
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest	2,790	2,724
Income Taxes	1,772	1,847
Non-cash transactions:
Unrealized gains (losses) on investment securities available for sale, net of tax	526	185
Transfers from loans to foreclosed real estate	1,142	99
Transfers from premises and equipment to assets held for sale	$ 768	$ 1,056

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE A - BASIS OF PRESENTATION Select Bancorp, Inc. (“Company”) is a bank holding company whose principal business activity consists of ownership of Select Bank & Trust Company (referred to as the “Bank”). In 2004, the Company formed New Century Statutory Trust I, which issued trust preferred securities to provide additional capital for general corporate purposes, including the current and future expansion of the Company. New Century Statutory Trust I is not a consolidated subsidiary of the Company . Select Bank & Trust Company was originally incorporated as New Century Bank on May 19, 2000 and began banking operations on May 24, 2000. Legacy Select Bank & Trust Company was incorporated on July 30, 2004 and was merged with and into the Bank on July 25, 2014 in connection with the Company’s acquisition of Legacy Select. Select Bank & Trust Company continues as the only banking subsidiary of the Company with its headquarters and operations center located in Dunn, NC. The Bank is engaged in general commercial and retail banking in central and eastern North Carolina and operates under the banking laws of North Carolina and the rules and regulations of the Federal Deposit Insurance Corporation and the North Carolina Commissioner of Banks. The Bank undergoes periodic examinations by those regulatory authorities. All significant inter-company transactions and balances have been eliminated in consolidation. In management’s opinion, the financial information, which is unaudited, reflects all adjustments (consisting solely of normal recurring adjustments) necessary for a fair presentation of the financial information as of and for the three and nine month periods ended September 30, 2016 and 2015, in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of consolidated financial statements requires management to make estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, as well as the amounts of income and expense during the reporting period. Actual results could differ from those estimates. Operating results for the three and nine month periods ended September 30, 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2016. The organization and business of the Company, accounting policies followed by the Company and other relevant information are contained in the notes to the financial statements filed as part of the Company’s 2015 Annual Report on Form 10-K, filed with the Securities and Exchange Commission (“SEC”) on March 24, 2016. This quarterly report should be read in conjunction with the Annual Report. Certain reclassifications of the information in prior periods were made to conform to the September 30, 2016 presentation. Such reclassifications had no effect on shareholders’ equity or net income as previously reported.

PER SHARE RESULTS

PER SHARE RESULTS	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE B - PER SHARE RESULTS 123,800 111,080 Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Weighted average shares used for basic net income available to common shareholders 11,627,270 11,521,043 11,601,993 11,476,532 Effect of dilutive stock options 39,010 61,681 45,922 71,049 Weighted average shares used for diluted net income available to common shareholders 11,666,280 11,582,724 11,647,915 11,547,581

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE C - RECENT ACCOUNTING PRONOUNCEMENTS The following summarizes recent accounting pronouncements and their expected impact on the Company: In September 2015, the FASB issued Accounting Standard Update 2015-16, Simplifying the Accounting for Measurement Period Adjustments In June 2015, the FASB issued ASU 2015-10, Technical Corrections and Improvements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) In August 2015, the FASB deferred the effective date of ASU 2014-09, Revenue from Contracts with Customers. In April 2016, the FASB amended the Revenue from Contracts with Customers topic of the Accounting Standards Codification to clarify guidance related to identifying performance obligations and accounting for licenses of intellectual property. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In May 2016, the FASB amended the Revenue from Contracts with Customers topic of the Accounting Standards Codification to clarify guidance related to collectability, noncash consideration, presentation of sales tax, and transition. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-based Payment Accounting, . In January 2015, the FASB issued ASU 2015-01, Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis In August 2015, the FASB issued ASU 2015-15, Interest—Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements In January 2016, the FASB amended the Financial Instruments topic of the Accounting Standards Codification to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company will apply the guidance by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values will be applied prospectively to equity investments that exist as of the date of adoption of the amendments. The Company does not expect these amendments to have a material effect on its financial statements. In February 2016, the FASB issued ASU 2016-02, Leases In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In August 2016, the FASB amended the Statement of Cash Flows topic of the Accounting Standards Codification to clarify how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. The Company does not expect these amendments to have a material effect on its financial statements. Other accounting standards that have been issued or proposed by FASB or other standards-setting bodies are not expected to have a material impact on the Company’s consolidated financial position, results of operations and cash flows. From time to time, the FASB issues exposure drafts for proposed statements of financial accounting standards. Such exposure drafts are subject to comment from the public, to revisions by the FASB and to final issuance by the FASB as statements of financial accounting standards. Management considers the effect of the proposed statements on the consolidated financial statements of the Company and monitors the status of changes to and proposed effective dates of exposure drafts.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	NOTED D - FAIR VALUE MEASUREMENTS Accounting Standards Codification (“ASC”) 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 820 does not require any new fair value measurements, but clarifies and standardizes some divergent practices that have emerged since prior guidance was issued. ASC 820 creates a three-level hierarchy under which individual fair value estimates are to be ranked based on the relative reliability of the inputs used in the valuation. Fair value estimates are made at a specific moment in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no active market readily exists for a portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: Fair Value Hierarchy The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: · Level 1 – Valuation is based upon quoted prices for identical instruments traded in active markets. · Level 2 – Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market. · Level 3 – Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques. The following is a description of valuation methodologies used for assets and liabilities recorded at fair value on a recurring basis. Investment Securities Available-for-Sale (“AFS”) Investment securities available-for-sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include U.S. government agency securities, mortgage-backed securities issued by government sponsored entities, and municipal bonds. There have been no changes in valuation techniques for the three months ended September 30, 2016. Valuation techniques are consistent with techniques used in prior periods. Quoted Prices in Significant Investment securities Active Markets Other Significant available for sale for Identical Observable Unobservable September 30, 2016 Fair value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) U.S. government agencies – GSE's $ 15,211 $ - $ 15,211 $ - Mortgage-backed securities - GSE’s 33,862 - 33,862 - Municipal bonds 16,589 - 16,589 - Total $ 65,662 $ - $ 65,662 $ - Quoted Prices in Significant Investment securities Active Markets Other Significant available for sale for Identical Observable Unobservable December 31, 2015 Fair value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) U.S. government agencies – GSE's $ 21,226 $ - $ 21,226 $ - Mortgage-backed securities - GSE’s 39,536 - 39,536 - Municipal bonds 19,947 - 19,947 - Total $ 80,709 $ - $ 80,709 $ - The following is a description of valuation methodologies used for assets recorded at fair value on a non-recurring basis. Loans The Company does not record loans at fair value on a recurring basis. However, from time to time, a loan is considered impaired and an allowance for loan losses is established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment in accordance with ASC 310, “Receivables”. The fair value of impaired loans is estimated using one of several methods, including collateral value, market value of similar debt, enterprise value, or liquidation value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans. At September 30, 2016 and December 31, 2015, substantially all of the total impaired loans were evaluated based on the fair value of the collateral. Impaired loans where an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the impaired loan as non-recurring Level 2. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company records the impaired loan as non-recurring Level 3. The significant unobservable input used in the fair value measurement of the Company’s impaired loans is the discount applied to appraised values to account for expected liquidation and selling costs. At September 30, 2016, the discounts to appraised value used are weighted between 4% and 50%. There were no transfers between levels from the prior reporting periods and there have been no changes in valuation techniques for the three months ended September 30, 2016. Foreclosed Real Estate Foreclosed real estate are properties recorded at estimated fair value less estimated selling costs. Inputs include appraised values on the properties or recent sales activity for similar assets in the property’s market. Therefore, foreclosed real estate is classified within Level 3 of the hierarchy. The significant unobservable input used in the fair value measurement of the Company’s foreclosed real estate is the discount applied to appraised values to account for expected liquidation and selling costs. At September 30, 2016, the discounts used ranged between 6 10 Assets held for sale During 2015, a branch facility was taken out of service as part of the Company’s branch restructuring plan and reclassified as held for sale. In the second quarter of 2016 an undeveloped lot that was intended for the site of a future branch was under contract for sale and closed in July 2016. During the third quarter of 2016 the land and building for our Washington branch was under contract for sale and closed in October 2016. The Bank entered into a three year 20 1 25 The following tables summarize quantitative disclosures about the fair value measurement for each category of assets carried at fair value on a non-recurring basis as of September 30, 2016 and December 31, 2015 (in thousands): Quoted Prices in Significant Active Markets Other Significant Asset Category for Identical Observable Unobservable September 30, 2016 Fair value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Impaired loans $ 4,876 $ - $ - $ 4,876 Assets held for sale 1,214 - - 1,214 Foreclosed real estate 548 - - 548 Total $ 6,638 $ - $ - $ 6,638 Quoted Prices in Significant Active Markets Other Significant Asset Category for Identical Observable Unobservable December 31, 2015 Fair value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Impaired loans $ 6,635 $ - $ - $ 6,635 Assets held for sale 846 - - 846 Foreclosed real estate 1,401 - - 1,401 Total $ 8,882 $ - $ - $ 8,882 The following table presents the carrying values and estimated fair values of the Company's financial instruments at September 30, 2016 and December 31, 2015: September 30, 2016 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 15,538 $ 15,538 $ 15,538 $ - $ - Certificates of deposit 1,000 1,000 1,000 - - Interest-earning deposits in other banks 57,456 57,456 57,456 - - Investment securities available for sale 65,662 65,662 - 65,662 - Loans, net 643,854 650,901 - - 650,901 Accrued interest receivable 2,484 2,484 - 2,484 - Stock in FHLB 2,340 2,340 - - 2,340 Other non-marketable securities 750 750 - - 750 Financial liabilities: Deposits $ 677,121 $ 676,615 $ - $ 676,615 $ - Short-term debt 38,175 38,175 - 38,175 - Long-term debt 22,372 17,387 - 17,387 - Accrued interest payable 190 190 - 190 - December 31, 2015 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 12,567 $ 12,567 $ 12,567 $ - $ - Certificates of deposits 1,000 1,000 1,000 - - Interest-earning deposits in other banks 49,842 49,842 49,842 - - Investment securities available for sale 80,709 80,709 - 80,709 - Loans, net 610,377 615,754 - - 615,754 Accrued interest receivable 2,350 2,350 - 2,350 - Stock in the FHLB 2,112 2,112 - - 2,112 Other non-marketable securities 705 705 - - 705 Financial liabilities: Deposits $ 651,161 $ 651,255 $ - $ 651,255 $ - Short-term debt 29,673 29,673 - 29,673 - Long-term debt 28,703 23,718 - 23,718 - Accrued interest payable 232 232 - 232 - Cash and Due from Banks, Certificates of Deposit, Interest-Earning Deposits in Other Banks and Federal Funds Sold The carrying amounts for cash and due from banks, certificates of deposit, interest-earning deposits in other banks and federal funds sold approximate fair value because of the short maturities of those instruments. Investment Securities Available for Sale Fair value for investment securities available for sale equals quoted market price if such information is available. If a quoted market price is not available, fair value is estimated using prices quoted for similar investments or quoted market prices obtained from independent pricing services. Loans For certain homogenous categories of loans, such as residential mortgages, fair value is estimated using the quoted market prices for securities backed by similar loans, adjusted for differences in loan characteristics. The fair value of other types of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. However, the values likely do not represent exit prices due to distressed market conditions. Stock in Federal Home Loan Bank of Atlanta The fair value for FHLB stock approximates carrying value, based on the redemption provisions of the FHLB stock. Other Non-Marketable Securities The fair value of equity instruments in other non-marketable securities is assumed to approximate carrying value. Deposits The fair value of demand, savings, and money market and NOW deposits is the amount payable on demand at the reporting date. The fair values of time deposits are estimated using the rates currently offered for instruments of similar remaining maturities. Short-term Debt Short-term debt consists of repurchase agreements and FHLB advances with maturities of less than twelve months. The carrying values of these instruments is a reasonable estimate of fair value. Long-term Debt The fair values of long-term debt are based on discounted expected cash flows at the interest rate for debt with the same or similar remaining maturities and collateral requirements. Accrued Interest Receivable and Accrued Interest Payable The carrying amounts of accrued interest receivable and payable approximate fair value because of the short maturities of these instruments. Financial Instruments with Off-Balance Sheet Risk With regard to financial instruments with off-balance sheet risk, it is not practicable to estimate the fair value of future financing commitments.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE E - INVESTMENT SECURITIES The amortized cost and fair value of available for sale investments (“AFS”), with gross unrealized gains and losses, follow: September 30, 2016 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 15,045 $ 178 $ (12) $ 15,211 Mortgage-backed securities – GSE’s 32,900 962 - 33,862 Municipal bonds 16,097 492 - 16,589 $ 64,042 $ 1,632 $ (12) $ 65,662 As of September 30, 2016, accumulated other comprehensive income included net unrealized gains totaling $ 1.6 604,000 December 31, 2015 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 21,321 $ 101 $ (196) $ 21,226 Mortgage-backed securities – GSE’s 39,123 475 (62) 39,536 Municipal bonds 19,484 465 (2) 19,947 $ 79,928 $ 1,041 $ (260) $ 80,709 As of December 31, 2015, accumulated other comprehensive income included net unrealized gains totaling $ 781,000 291,000 The scheduled maturities of securities available for sale, with gross unrealized gains and losses, were as follows: September 30, 2016 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (In thousands) Securities available for sale: Within 1 year $ 4,497 $ 22 $ - $ 4,519 After 1 year but within 5 years 39,011 1,078 - 40,089 After 5 years but within 10 years 11,742 204 (12) 11,934 After 10 years 8,792 328 - 9,120 $ 64,042 $ 1,632 $ (12) $ 65,662 December 31, 2015 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (In thousands) Securities available for sale: Within 1 year $ 1,361 $ 6 $ - $ 1,367 After 1 year but within 5 years 52,577 628 (99) 53,106 After 5 years but within 10 years 17,297 146 (161) 17,282 After 10 years 8,693 261 - 8,954 $ 79,928 $ 1,041 $ (260) $ 80,709 Securities with a carrying value of $ 35.1 45.2 Since none of the unrealized losses relate to the liquidity of the securities or the issuer’s ability to honor redemption obligations and the Company has the intent and ability to hold these securities to recovery, no other than temporary impairments were identified for these investments having unrealized losses for the periods ended September 30, 2016 and December 31, 2015. In 2015, the Company did not incur a loss on the disposal of any security and it has not realized any losses related to the sale of securities in 2016. The following tables show the gross unrealized losses and fair value of the Company’s investment securities, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at September 30, 2016 and December 31, 2015. September 30, 2016 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses (dollars in thousands) Securities available for sale: U.S. government agencies- GSE’s $ - $ - $ 1,702 $ (12) $ 1,702 $ (12) Total temporarily impaired securities $ - $ - $ 1,702 $ (12) $ 1,702 $ (12) At September 30, 2016, the Company had two AFS securities with an unrealized loss for twelve or more consecutive months. Two U.S. government agency GSE’s had unrealized losses for more than twelve months totaling $ 12,000 624,000 22,000 December 31, 2015 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 7,039 $ (70) $ 7,615 $ (126) $ 14,654 $ (196) Mortgage-backed securities- GSE’s 7,916 (62) - - 7,916 (62) Municipal bonds 111 (2) - - 111 (2) Total temporarily impaired securities $ 15,066 $ (134) $ 7,615 $ (126) $ 22,681 $ (260) At December 31, 2015, the Company had five AFS securities with an unrealized loss for twelve or more consecutive months. Five U.S. government agency GSE’s had unrealized losses for more than twelve months totaling $ 126,000 134,000

LOANS

LOANS	9 Months Ended
	Sep. 30, 2016
Loans and Leases Receivable Disclosure [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE F - LOANS September 30, December 31, Total Loans: 2016 2015 Percent Percent Amount of total Amount of total (dollars in thousands) Real estate loans: 1-to-4 family residential $ 93,825 14.39 % $ 87,955 14.25 % Commercial real estate 261,800 40.17 % 259,259 41.99 % Multi-family residential 47,886 7.35 % 40,738 6.60 % Construction 116,287 17.84 % 107,688 17.44 % Home equity lines of credit (“HELOC”) 41,377 6.35 % 42,002 6.80 % Total real estate loans 561,175 86.10 % 537,642 87.08 % Other loans: Commercial and industrial 82,600 12.67 % 73,491 11.90 % Loans to individuals 8,924 1.37 % 7,207 1.17 % Overdrafts 149 0.02 % 48 0.01 % Total other loans 91,673 14.06 % 80,746 13.08 % Gross loans 652,848 618,388 Less deferred loan origination fees, net (1,105 ) (0.16 )% (990 ) (0.16 )% Total loans 651,743 100.00 % 617,398 100.00 % Allowance for loan losses (7,889 ) (7,021 ) Total loans, net $ 643,854 $ 610,377 Loans are primarily secured by real estate located in eastern and central North Carolina. Real estate loans can be affected by the condition of the local real estate market and by local economic conditions. At September 30, 2016, the Company had pre-approved but unused lines of credit for customers totaling $127.6 million. In management’s opinion, these commitments, and undisbursed proceeds on loans reflected above, represent no more than normal lending risk to the Company and will be funded from normal sources of liquidity. A floating lien of $95.9 million of loans was pledged to the FHLB to secure borrowings at September 30, 2016. A description of the various loan products provided by the Bank is presented below. 1-to-4 Family Residential Loans Residential 1-to-4 family loans are mortgage loans secured by residential real estate within the Bank’s market areas. These loans may also include loans that convert from construction loans into permanent financing and are secured by properties within the Bank’s market areas. Commercial Real Estate Loans Commercial real estate loans are underwritten based on the borrower’s ability to generate adequate cash flow to repay the subject debt within reasonable terms. Commercial real estate loans typically include both owner and non-owner occupied properties with higher principal loan amounts. The repayment of these loans is generally dependent on the successful management of the property. Commercial real estate loans are sensitive to market and general economic conditions. Repayment analysis must be performed and consists of an identified primary/cash flow source of repayment and a secondary/liquidation source of repayment. The primary source of repayment is cash flow from income generated from rental or lease of the property. However, the cash flow can be supplemented with the borrower's and guarantor's global cash flow position. Other credit issues such as the business fundamentals and financial strength of the borrower/guarantor can be considered in determining adequacy of repayment ability. The secondary source of repayment is liquidation of the collateral, supplemented by a liquidation cushion provided by the financial assets of the borrower/guarantor. Management monitors and evaluates commercial real estate loans based on collateral, cash flow, market area, and risk grade. Multi-family Residential Loans Multi-family residential loans are typically non-farm properties with 5 or more dwelling units in structures which include apartment buildings used primarily to accommodate households on a more or less permanent basis. Successful performance of these types of loans is primarily dependent on occupancy rates, rental rates, and property management. Construction Loans Construction loans are non-revolving extensions of credit secured by real property of which the proceeds are used to acquire and develop land and to construct commercial or residential buildings. Proper underwriting of a construction loan consists of the initial process of obtaining, analyzing, and approving various aspects of information pertaining to: the feasibility, marketability, and valuation of the project. Also, consideration is given to the traditionally considered to be higher risk loans involving technical and legal requirements inherently different from other types of loans; however with thorough credit underwriting, proper loan structure, and diligent loan servicing, these risks can often be mitigated. Home Equity Lines of Credit Home equity lines of credit are consumer-purpose revolving extensions of credit which are secured by first or second liens on owner-occupied residential real estate. Appropriate risk management and compliance practices are exercised to ensure that loan-to-value, lien perfection, and compliance risks are addressed and managed within the Bank’s established guidelines. The degree of utilization of revolving commitments within this loan segment is reviewed periodically to identify changes in the behavior of this borrowing group. Commercial and Industrial Loans Commercial and industrial loans are underwritten after evaluating and understanding the borrower’s ability to generate positive cash flow, operate profitably and prudently expand its business. Underwriting standards are designed to promote relationships to include a full range of loan, deposit, and cash management services. Commercial and industrial loans are primarily made based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower and the guarantors. The cash flows of the borrower, however, may not be as expected and the collateral securing these loans may fluctuate in value. In the case of loans secured by accounts receivable, the availability of funds for repayment can be impacted by the borrower’s ability to collect amounts due from its customers. Loans to Individuals & Overdrafts Consumer loans are approved using Bank policies and procedures established to evaluate each credit request. All lending decisions and credit risks are required to be clearly documented. Several factors are considered in making these decisions such as credit score, adjusted net worth, liquidity, debt ratio, disposable income, credit history, and loan-to-value of the collateral. This process, combined with the relatively smaller loan amounts spreads the risk among many individual borrowers.Overdrafts on customer accounts are classified as loans for reporting purposes. Total Loans: September 30, 2016 30+ Non- Total Days Accrual Past Total Past Due Loans Due Current Loans (dollars in thousands) Commercial and industrial $ 35 $ 126 $ 161 $ 82,439 $ 82,600 Construction 79 413 492 115,795 116,287 Multi-family residential 303 360 663 47,223 47,886 Commercial real estate - 2,969 2,969 258,831 261,800 Loans to individuals & overdrafts 32 - 32 9,041 9,073 1-to-4 family residential 252 653 905 92,920 93,825 HELOC 319 355 674 40,703 41,377 Deferred loan (fees) cost, net - - - - (1,105 ) $ 1,020 $ 4,876 $ 5,896 $ 646,952 $ 651,743 There were two loans that amounted to $431,000 that were more than 90 days past due and still accruing interest at September 30, 2016. December 31, 2015 30+ Non- Total Days Accrual Past Total Past Due Loans Due Current Loans (dollars in thousands) Total Loans Commercial and industrial $ 455 $ 13 $ 468 $ 73,023 $ 73,491 Construction - 523 523 107,165 107,688 Multi-family residential 44 431 475 40,263 40,738 Commercial real estate 1,214 3,711 4,925 254,334 259,259 Loans to individuals & overdrafts 14 4 18 7,237 7,255 1-to-4 family residential 650 1,594 2,244 85,711 87,955 HELOC 124 359 483 41,519 42,002 Deferred loan (fees) cost, net - - - - (990 ) $ 2,501 $ 6,635 $ 9,136 $ 609,252 $ 617,398 There was one loan in the amount of $142,000 greater than 90 days past due and still accruing interest at December 31, 2015. Impaired Loans of September 30, 2016 and December 31, 2015: Three months ended Nine months ended As of September 30, 2016 September 30, 2016 September 30, 2016 Contractual Interest Income Interest Income Unpaid Average Recognized on Average Recognized on Recorded Principal Related Recorded Impaired Recorded Impaired Investment Balance Allowance Investment Loans Investment Loans (In thousands) With no related allowance recorded: Commercial and industrial $ 244 $ 246 $ - $ 307 $ 4 $ 175 $ 12 Construction 499 622 - 505 1 557 7 Commercial real estate 3,620 5,208 - 3,685 34 4,313 107 Loans to individuals & overdrafts - - - - - - - Multi-family residential 360 375 - 363 7 394 14 1-to-4 family residential 1,008 1,282 - 1,129 15 1,534 67 HELOC 617 786 - 620 10 658 28 Subtotal: 6,348 8,519 - 6,609 71 7,631 235 With an allowance recorded: Commercial and industrial 4 4 4 35 - 9 - Construction - - - - - - - Commercial real estate 2,448 2,857 85 2,765 8 1,848 27 Loans to individuals & overdrafts - - - - - 2 - Multi-family residential - - - - - - - 1-to-4 family residential 283 309 15 280 3 287 11 HELOC 33 35 - 33 - 16 - Subtotal: 2,768 3,205 104 3,113 11 2,162 38 Totals: Commercial 7,175 9,312 89 7,660 54 7,296 167 Consumer - - - - - 2 - Residential 1,941 2,412 15 2,062 28 2,495 106 Grand Total: $ 9,116 $ 11,724 $ 104 $ 9,722 $ 82 $ 9,793 $ 273 Impaired loans at September 30, 2016 were approximately $9.1 million and were composed of $4.9 million in nonaccrual loans and $4.2 million in loans that were still accruing interest. Recorded investment represents the current principal balance of the loan. Approximately $2.8 million in impaired loans had specific allowances provided for them while the remaining $6.3 million had no specific allowances recorded at September 30, 2016. Of the $6.3 million with no allowance recorded, $1.3 million of those loans have had partial charge-offs recorded. Three months ended Nine months ended As of December 31, 2015 September 30, 2015 September 30, 2015 Contractual Interest Income Interest Income Unpaid Average Recognized on Average Recognized on Recorded Principal Related Recorded Impaired Recorded Impaired Investment Balance Allowance Investment Loans Investment Loans (In thousands) With no related allowance recorded: Commercial and industrial $ 105 $ 106 $ - $ 640 $ 6 $ 630 $ 40 Construction 615 764 - 1,070 10 1,070 12 Commercial real estate 5,006 7,229 - 2,556 49 3,136 130 Loans to individuals & overdrafts - - - - - - - Multi-family residential - - - 1,769 21 1,779 59 1 to 4 family residential 2,061 2,666 - 2,485 28 2,201 77 HELOC 699 868 - 641 9 648 30 Subtotal: 8,486 11,633 - 9,161 123 9,464 348 With an allowance recorded: Commercial and industrial 13 13 2 11 - 133 - Construction - - - 166 1 96 2 Commercial real estate 1,248 1,314 73 4,436 19 3,869 88 Loans to individuals & overdrafts 4 4 4 - - - - Multi-family residential - - - - - - - 1 to 4 family residential 290 290 15 495 6 442 13 HELOC - - - 288 - 142 - Subtotal: 1,555 1,621 94 5,396 26 4,682 103 Totals: Commercial 6,987 9,426 75 10,648 106 10,713 331 Consumer 4 4 4 - - - - Residential 3,050 3,824 15 3,909 43 3,433 120 Grand Total: $ 10,041 $ 13,254 $ 94 $ 14,557 $ 149 $ 14,146 $ 451 Impaired loans at December 31, 2015 were approximately $10.0 million and consisted of $6.6 million in non-accrual loans and $3.4 million in loans still in accruing status. Recorded investment represents the current principal balance for the loan. Approximately $1.5 million of the $10.0 million in impaired loans at December 31, 2015 had specific allowances recorded while the remaining $8.5 million had no specific allowances recorded. Of the $8.5 million with no allowance recorded, $1.6 million of those loans have had partial charge-offs recorded. Loans are placed on non-accrual status when it has been determined that all contractual principal and interest will not be received. Any payments received on these loans are applied to principal first and then to interest only after all principal has been collected. In the case of an impaired loan that is still on accrual basis, payments are applied to both principal and interest. Troubled Debt Restructurings Three months ended September 30, 2016 Nine months ended September 30, 2016 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number Recorded Recorded Number Recorded Recorded of loans Investment Investment of loans Investment Investment (Dollars in thousands) Extended payment terms : 1-to-4 family residential - $ - $ - 2 $ 100 $ 48 Commercial & industrial - - - 3 296 188 Construction 1 139 68 1 139 68 Loans to individuals & overdrafts - - - 1 4 1 Total 1 $ 139 $ 68 7 $ 539 $ 305 Loans may be considered troubled debt restructurings for reasons other than below market interest rates, extended payment terms or forgiveness of principal. Twelve months ended Twelve months ended September 30, 2016 September 30, 2015 Number Recorded Number Recorded of loans investment of loans investment (Dollars in thousands) Extended payment terms: Commercial real estate 3 $ 188 1 $ 145 Loans to individuals & overdrafts 1 1 - - Construction 1 68 - - Multi-family residential 1 364 - - 1-to-4 family residential 1 48 - - Total 7 $ 669 1 $ 145 At September 30, 2016, the Bank had thirty-three loans with an aggregate balance of $4.1 million that were considered to be troubled debt restructurings. Of those TDRs, twenty-two loans with a balance totaling $2.7 million were still accruing as of September 30, 2016. The remaining TDRs with balances totaling $1.4million as of September 30, 2016 were in non-accrual status. At September 30, 2015, the Bank had thirty-nine loans with an aggregate balance of $6.4 million that were considered to be troubled debt restructurings. Of those TDRs, twenty-three loans with a balance totaling $3.6 million were still accruing as of September 30, 2015. The remaining TDRs with balances totaling $2.9 million as of September 30, 2015 were in non-accrual status. Credit Quality Indicators As part of the on-going monitoring of the credit quality of the loan portfolio, management utilizes a risk grading matrix to assign a risk grade to each of the Company’s loans. All non-consumer loans are graded on a scale of 1 to 9. A description of the general characteristics of these nine different risk grades is as follows: · Risk Grade 1 (Superior) - Credits in this category are virtually risk-free and are well-collateralized by cash-equivalent instruments. The repayment program is well-defined and achievable. Repayment sources are numerous. No material documentation deficiencies or exceptions exist. · Risk Grade 2 (Very Good) - This grade is reserved for loans secured by readily marketable collateral, or loans within guidelines to borrowers with liquid financial statements. A liquid financial statement is a financial statement with substantial liquid assets relative to debts. These loans have excellent sources of repayment, with no significant identifiable risk of collection, and conform in all respects to Bank policy, guidelines, underwriting standards, and Federal and State regulations (no exceptions of any kind). · Risk Grade 3 (Good) - These loans have excellent sources of repayment, with no significant identifiable risk of collection. Generally, loans assigned this risk grade will demonstrate the following characteristics: Conformity in all respects with Bank policy, guidelines, underwriting standards, and Federal and State regulations (no exceptions of any kind). Loans assigned this risk grade will demonstrate the following characteristics: o Documented historical cash flow that meets or exceeds required minimum Bank guidelines, or that can be supplemented with verifiable cash flow from other sources. o Adequate secondary sources to liquidate the debt, including combinations of liquidity, liquidation of collateral, or liquidation value to the net worth of the borrower or guarantor. · Risk Grade 4 (Acceptable) - This grade is given to acceptable loans. These loans have adequate sources of repayment, with little identifiable risk of collection. Loans assigned this risk grade will demonstrate the following characteristics: o General conformity to the Bank's policy requirements, product guidelines and underwriting standards, with limited exceptions. Any exceptions that are identified during the underwriting and approval process have been adequately mitigated by other factors. o Documented historical cash flow that meets or exceeds required minimum Bank guidelines, or that can be supplemented with verifiable cash flow from other sources. o Adequate secondary sources to liquidate the debt, including combinations of liquidity, liquidation of collateral, or liquidation value to the net worth of the borrower or guarantor. · Risk Grade 5 (Acceptable With Care) - This grade is given to acceptable loans that show signs of weakness in either adequate sources of repayment or collateral, but have demonstrated mitigating factors that minimize the risk of delinquency or loss. Loans assigned this grade may demonstrate some or all of the following characteristics: o Additional exceptions to the Bank's policy requirements, product guidelines or underwriting standards that present a higher degree of risk to the Bank. Although the combination and/or severity of identified exceptions is greater, all exceptions have been properly mitigated by other factors. o Unproven, insufficient or marginal primary sources of repayment that appear sufficient to service the debt at this time. Repayment weaknesses may be due to minor operational issues, financial trends, or reliance on projected (not historic) performance. o Marginal or unproven secondary sources to liquidate the debt, including combinations of liquidation of collateral and liquidation value to the net worth of the borrower or guarantor. · Risk Grade 6 (Watch List or Special Mention) – Loans in this category can have the following characteristics: o Loans with underwriting guideline tolerances and/or exceptions and with no mitigating factors. o Extending loans that are currently performing satisfactorily but with potential weaknesses that may, if not corrected, weaken the asset or inadequately protect the Bank's position at some future date. Potential weaknesses are the result of deviations from prudent lending practices. o Loans where adverse economic conditions that develop subsequent to the loan origination that don't jeopardize liquidation of the debt but do substantially increase the level of risk may also warrant this rating. · Risk Grade 7 (Substandard) - A Substandard loan is inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as Substandard must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt; they are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. · Risk Grade 8 (Doubtful) - Loans classified Doubtful have all the weaknesses inherent in loans classified Substandard, plus the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values highly questionable and improbable. However, these loans are not yet rated as loss because certain events may occur which would salvage the debt. · Risk Grade 9 (Loss) - Loans classified as Loss are considered uncollectable and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off the loan even though partial recovery may be affected in the future. Consumer loans are graded on a scale of 1 to 9. A description of the general characteristics of the nine risk grades is as follows: · Risk Grades 1 – 5 (Pass) – The loans in this category range from loans secured by cash with no risk of principal deterioration (Risk Grade 1) to loans that show signs of weakness in either adequate sources of repayment or collateral but have demonstrated mitigating factors that minimize the risk of delinquency or loss (Risk Grade 5). · Risk Grade 6 (Watch List or Special Mention) - Watch List or Special Mention loans include the following characteristics: o Loans within guideline tolerances or with exceptions of any kind that have not been mitigated by other economic or credit factors. o Extending loans that are currently performing satisfactorily but with potential weaknesses that may, if not corrected, weaken the asset or inadequately protect the Bank's position at some future date. Potential weaknesses are the result of deviations from prudent lending practices. o Loans where adverse economic conditions that develop subsequent to the loan origination that don't jeopardize liquidation of the debt but do substantially increase the level of risk may also warrant this rating. · Risk Grade 7 (Substandard) - A Substandard loan is inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as Substandard must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt; they are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. · Risk Grade 8 (Doubtful) - Loans classified Doubtful have all the weaknesses inherent in loans classified Substandard, plus the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values highly questionable and improbable. However, these loans are not yet rated as loss because certain events may occur which would salvage the debt. · Risk Grade 9 (Loss) - Loans classified Loss are considered uncollectable and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this worthless loan even though partial recovery may be affected in the future. Total loans: September 30 , 2016 Commercial Credit Exposure By Commercial Commercial Internally and real Multi-family Assigned Grade industrial Construction estate residential (In thousands) Superior $ 347 $ - $ - $ - Very good 256 298 470 - Good 13,363 7,035 32,473 3,147 Acceptable 27,317 17,162 141,495 30,101 Acceptable with care 39,333 91,051 76,208 13,975 Special mention 1,657 180 5,387 - Substandard 327 561 5,767 663 Doubtful - - - - Loss - - - - $ 82,600 $ 116,287 $ 261,800 $ 47,886 Consumer Credit Exposure By Internally 1-to-4 family Assigned Grade residential HELOC Pass $ 87,994 $ 39,627 Special mention 2,971 435 Substandard 2,860 1,315 $ 93,825 $ 41,377 Consumer Credit Exposure Based Loans to On Payment individuals & Activity overdrafts Pass $ 9,062 Non –pass 11 $ 9,073 Total Loans: December 31, 2015 Commercial Credit Exposure By Commercial Commercial Internally and real Multi-family Assigned Grade industrial Construction estate residential (dollars in thousands) Superior $ 730 $ - $ - $ - Very good 1,314 355 114 - Good 8,241 5,827 26,538 - Acceptable 25,014 19,059 144,717 32,355 Acceptable with care 37,980 79,817 74,169 7,685 Special mention 58 2,015 7,657 - Substandard 154 615 6,064 698 Doubtful - - - - Loss - - - - $ 73,491 $ 107,688 $ 259,259 $ 40,738 Consumer Credit Exposure By Internally 1-to-4 family Assigned Grade residential HELOC Pass $ 80,596 $ 40,770 Special mention 3,678 448 Substandard 3,681 784 $ 87,955 $ 42,002 Consumer Credit Exposure Based Loans to On Payment individuals & Activity overdrafts Pass $ 7,236 Non-pass 19 $ 7,255 Determining the fair value of Purchased Credit Impaired (PCI) loans at acquisition required the Company to estimate cash flows expected to result from those loans and to discount those cash flows at appropriate rates of interest. For such loans, the excess of cash flows expected to be collected at acquisition over the estimated fair value is recognized as interest income over the remaining lives of the loans and is called the accretable yield. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition reflects the impact of estimated credit losses and is called the nonaccretable difference. In accordance with GAAP, there was no carry-over of previously established allowance for credit losses from the acquired company. Three Months Nine Months Ended Ended September 30, September 30, 2016 2016 (Dollars in thousands) Accretable yield, beginning of period $ 2,568 $ 2,822 Accretion (252 ) (787 ) Reclassification from (to) nonaccretable difference 248 250 Other changes, net 188 467 Accretable yield, end of period $ 2,752 $ 2,752 Allowance for Loan Losses The allowance for loan losses is a reserve established through provisions for loan losses charged to income and represents management’s best estimate of probable loan losses that have been incurred within the existing portfolio of loans. The allowance, in the judgment of management, is necessary to reserve for estimated losses and risk inherent in the loan portfolio. The Company’s allowance for loan loss methodology is based on historical loss experience by type of credit and internal risk grade, specific homogeneous risk pools and specific loss allocations, with adjustments for current events and conditions. The Company’s process for determining the appropriate level of reserves is designed to account for changes in credit quality as they occur. The provision for loan losses reflects loan quality trends, including the levels of and trends related to past due loans and economic conditions at the local and national levels. It also considers the quality and risk characteristics of the Company’s loan origination and servicing policies and practices. The Company’s allowance for loan losses model calculates historical loss rates by using a loss migration analysis associating losses to the risk-graded pool to which they relate for each of the previous twelve quarters. Then, using the twelve quarter look back period, loss factors are calculated for each risk-graded pool. The model incorporates various internal and external qualitative and environmental factors as described in the Interagency Policy Statement on the Allowance for Loan and Lease Losses, dated December 2006. Input for these factors is determined on the basis of management observation, judgment, and experience. The factors utilized by the Company in the model for all loan classes are as follows: Allowance for Loan Losses (continued) Internal Factors · Concentrations – Measures the increased risk derived from concentration of credit exposure in particular industry segments within the portfolio. · Policy exceptions – Measures the risk derived from granting terms outside of underwriting guidelines. · Compliance exceptions– Measures the risk derived from granting terms outside of regulatory guidelines. · Document exceptions– Measures the risk exposure resulting from the inability to collect due to improperly executed documents and collateral imperfections. · Financial information monitoring – Measures the risk associated with not having current borrower financial information. · Nonaccrual – Reflects increased risk of loans with characteristics that merit nonaccrual status. · Delinquency – Reflects the increased risk deriving from higher delinquency rates. · Personnel turnover – Reflects staff competence in various types of lending. · Portfolio growth – Measures the impact of growth and potential risk derived from new loan production. External Factors · GDP growth rate – Impact of general economic factors that affect the portfolio. · North Carolina unemployment rate – Impact of local economic factors that affect the portfolio. · Peer group delinquency rate – Measures risk associated with the credit requirements of competitors. · Prime rate change – Measures the effect on the portfolio in the event of changes in the prime lending rate. Each pool is assigned an adjustment to the potential loss percentage by assessing its characteristics against each of the factors listed above. Reserves are generally divided into three allocation segments: 1. Individual reserves. These are calculated according to ASC Section 310-10-35 against loans evaluated individually and deemed to be most likely impaired. All loans in non-accrual status and all substandard loans that are deemed to be collateral dependent are assessed for impairment. Loans are deemed uncollectible based on a variety of credit, collateral, documentation and other issues. In the case of uncollectible receivables, the collateral is considered unsecured and therefore fully charged off. 2. Formula reserves. Formula reserves are held against loans evaluated collectively. Loans are grouped by type or by risk grade, or some combination of the two. Loss estimates are based on historical loss rates for each respective loan group. Formula reserves represent the Company’s best estimate of losses that may be inherent, or embedded, within the group of loans, even if it is not apparent at this time which loans within any group or pool represent those embedded losses. 3. Qualitative and external reserves. If individual reserves represent estimated losses tied to specific loans, and formula reserves represent estimated losses tied to a pool of loans but not yet to any specific loan, then these reserves represent an estimate of likely incurred losses, but are not yet tied to any loan or group of loans. All information related to the calculation of the three segments, including data analysis, assumptions, and calculations are documented. Assigning specific individual reserve amounts, formula reserve factors, or unallocated amounts based on unsupported assumptions or conclusions is not permitted. Three months ended September 30, 2016 Commercial 1 to 4 Loans to Multi- and Commercial family individuals & family Allowance for loan losses industrial Construction real estate residential HELOC overdrafts residential Total (Dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 1,086 $ 1,511 $ 3,113 $ 772 $ 493 $ 169 $ 523 $ 7,667 Provision for loan losses 113 (13 ) 102 7 60 78 (31 ) 316 Loans charged-off (136 ) - (4 ) - (25 ) (13 ) - (178 ) Recoveries 8 6 2 9 9 4 - 38 Balance, end of period $ 1,071 $ 1,504 $ 3,213 $ 788 $ 537 $ 238 $ 492 $ 7,843 PCI Loans Balance, beginning of period $ 16 $ - $ - $ - $ 9 $ - $ - $ 25 Provision for loan losses 21 - - - - - - 21 Loans charged-off - - - - - - - - Recoveries - - - - - - - - Balance, end of period $ 37 $ - $ - $ - $ 9 $ - $ - $ 46 Total Loans Balance, beginning of period $ 1,102 $ 1,511 $ 3,113 $ 772 $ 502 $ 169 $ 523 $ 7,692 Provision for loan losses 134 (13 ) 102 7 60 78 (31 ) 337 Loans charged-off (136 ) - (4 ) - (25 ) (13 ) - (178 ) Recoveries 8 6 2 9 9 4 - 38 Balance, end of period $ 1,108 $ 1,504 $ 3,213 $ 788 $ 546 $ 238 $ 492 $ 7,889 Ending Balance: individually evaluated for impairment $ 4 $ - $ 85 $ 15 $ - $ - $ - $ 104 Ending Balance: collectively evaluated for impairment $ 1,104 $ 1,505 $ 3,128 $ 773 $ 545 $ 238 $ 492 $ 7,785 Loans: Ending Balance: collectively evaluated for impairment $ 82,352 $ 115,788 $ 255,732 $ 92,534 $ 40,727 $ 9,073 $ 47,526 $ 643,732 Ending Balance: individually evaluated for impairment $ 248 $ 499 $ 6,068 $ 1,291 $ 650 $ - $ 360 $ 9,116 Ending Balance $ 82,600 $ 116,287 $ 261,800 $ 93,825 $ 41,377 $ 9,073 $ 47,886 $ 652,848 Nine months ended September 30, 2016 Commercial 1 to 4 Loans to Multi- and Commercial family individuals & family Allowance for loan losses industrial Construction real estate residential HELOC overdrafts residential Total (Dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 922 $ 1,386 $ 3,005 $ 605 $ 564 $ 137 $ 393 $ 7,012 Provision for loan losses 310 103 321 (107 ) (36 ) 119 99 809 Loans charged-off (177 ) (2 ) (189 ) - (26 ) (31 ) - (425 ) Recoveries 15 17 76 290 35 13 - 446 Balance, end of period $ 1,070 $ 1,504 $ 3,213 $ 788 $ 537 $ 238 $ 492 $ 7,842 PCI Loans Balance, beginning of period $ - $ - $ - $ - $ 9 $ - $ - $ 9 Provision for loan losses 38 - - - - - - 38 Loans charged-off - - - - - - - - Recoveries - - - - - - - - Balance, end of period $ 38 $ - $ - $ - $ 9 $ - $ 2 $ 47 Total Loans Balance, beginning of period $ 922 $ 1,386 $ 3,005 $ 605 $ 573 $ 137 $ 393 $ 7,021 Provision for loan losses 348 103 321 (107 ) (36 ) 119 99 847 Loans charged-off (177 ) (2 ) (189 ) - (26 ) (31 ) - (425 ) Recoveries 15 17 76 290 35 13 - 446 Balance, end of period $ 1,108 $ 1,504 $ 3,213 $ 788 $ 546 $ 238 $ 492 $ 7,

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME	9 Months Ended
	Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss) [Text Block]	NOTE H – ACCUMULATED OTHER COMPREHENSIVE INCOME Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 (In thousands) Beginning balance $ 1,178 $ 621 $ 490 $ 809 Unrealized gain (loss) on investment securities available for sale (259) 595 840 523 Tax effect 97 (222) (300) (197) Other comprehensive gain (loss) before reclassification (162) 373 540 326 Amounts reclassified from accumulated comprehensive income: Realized gains on investment securities included in net income - - (22) (219) Tax effect - - 8 78 Total reclassifications net of tax - - (14) (141) Net current period other comprehensive income (loss) (162) 373 526 185 Ending balance $ 1,016 $ 994 $ 1,016 $ 994 The income statement line items impacted by the reclassifications of realized gains (losses) on investment securities are the gain on the sale of securities and income tax expense line items in the consolidated statement of operations.

REPURCHASE AGREEMENTS

REPURCHASE AGREEMENTS	9 Months Ended
	Sep. 30, 2016
Banking and Thrift [Abstract]
Remaining Contractual Maturity Of The Securities Sold Under Agreements To Repurchase By Class Of Collateral Pledged [Text Block]	NOTE I - REPURCHASE AGREEMENTS We utilize securities sold under agreements to repurchase to facilitate the needs of our customers and secure long-term funding needs. Repurchase agreements are transactions whereby we offer to sell to a counterparty an undivided interest in an eligible security at an agreed upon purchase price, and which obligates the Company to repurchase the security on an agreed upon date at an agreed upon repurchase price plus interest at an agreed upon rate. Securities sold under agreements to repurchase are recorded at the amount of cash received in connection with the transaction and are reflected as short-term borrowings. We monitor collateral levels on a continuous basis and maintain records of each transaction specifically describing the applicable security and the counterparty’s fractional interest in that security, and we segregate the security from our general assets in accordance with regulations governing custodial holdings of securities. The primary risk with our repurchase agreements is market risk associated with the investments securing the transactions, as we may be required to provide additional collateral based on fair value changes of the underlying investments. Securities pledged as collateral under repurchase agreements are maintained with our safekeeping agents. The carrying value of available for sale investment securities pledged as collateral under repurchase agreements totaled $ 10.3 12.1 September 30, 2016 Remaining Contractual Maturity of the Agreements Overnight and Up to 30 30-90 Greater than (Dollars in thousands) continuous Days Days 90 Days Total Repurchase agreements U.S. government agencies-GSE’s $ 4,409 $ - $ - $ - $ 4,409 Mortgage-backed Securities-GSEs 5,868 - - - 5,868 Total borrowings $ 10,277 $ - $ - $ - $ 10,277 Gross amount of recognized liabilities for repurchase agreements $ 10,277 December 31, 2015 Remaining Contractual Maturity of the Agreements Overnight and Up to 30 30-90 Greater than (Dollars in thousands) continuous Days Days 90 Days Total Repurchase agreements U.S. government agencies-GSE’s $ 4,206 $ - $ - $ - $ 4,206 Mortgage-backed Securities-GSEs 7,943 - - - 7,943 Total borrowings $ 12,149 $ - $ - $ - $ 12,149 Gross amount of recognized liabilities for repurchase agreements $ 12,149

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	9 Months Ended
	Sep. 30, 2016
Banking and Thrift [Abstract]
Real Estate Owned [Text Block]	NOTE J – OTHER REAL ESTATE OWNED Nine Months Nine Months Ended Ended September 30, September 30, 2016 2015 (Dollars in thousands) Beginning balance January 1 $ 1,401 $ 1,585 Sales (1,831) (560) Writedowns (164) (117) Transfers 1,142 99 Ending balance $ 548 $ 1,007 At September 30, 2016 and December 31, 2015, the Company had $ 99,000 1.4 436,000

SUBSEQUENT EVENT

SUBSEQUENT EVENT	9 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE K – SUBSEQUENT EVENT The Company entered into a contract to sell the Washington, North Carolina branch building during the third quarter of this year. The contract was closed on October 14, 2016 and the Bank entered into a lease with the new owner for a period of three years. As of September 30, 2016 the real estate related to the Washington property was classified as Assets held for Sale and the immaterial loss on sale was recorded.

PER SHARE RESULTS (Tables)

PER SHARE RESULTS (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Basic net income per share is computed based upon the weighted average number of shares of common stock outstanding during the period. Diluted net income per share includes the dilutive effect of stock options outstanding during the period. At September 30, 2016 and 2015 there were 123,800 111,080 Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Weighted average shares used for basic net income available to common shareholders 11,627,270 11,521,043 11,601,993 11,476,532 Effect of dilutive stock options 39,010 61,681 45,922 71,049 Weighted average shares used for diluted net income available to common shareholders 11,666,280 11,582,724 11,647,915 11,547,581

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	The following tables summarize quantitative disclosures about the fair value measurement for each category of assets carried at fair value on a recurring basis as of September 30, 2016 and December 31, 2015 (in thousands): Quoted Prices in Significant Investment securities Active Markets Other Significant available for sale for Identical Observable Unobservable September 30, 2016 Fair value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) U.S. government agencies – GSE's $ 15,211 $ - $ 15,211 $ - Mortgage-backed securities - GSE’s 33,862 - 33,862 - Municipal bonds 16,589 - 16,589 - Total $ 65,662 $ - $ 65,662 $ - Quoted Prices in Significant Investment securities Active Markets Other Significant available for sale for Identical Observable Unobservable December 31, 2015 Fair value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) U.S. government agencies – GSE's $ 21,226 $ - $ 21,226 $ - Mortgage-backed securities - GSE’s 39,536 - 39,536 - Municipal bonds 19,947 - 19,947 - Total $ 80,709 $ - $ 80,709 $ -
Fair Value Measurements, Nonrecurring [Table Text Block]	The following tables summarize quantitative disclosures about the fair value measurement for each category of assets carried at fair value on a non-recurring basis as of September 30, 2016 and December 31, 2015 (in thousands): Quoted Prices in Significant Active Markets Other Significant Asset Category for Identical Observable Unobservable September 30, 2016 Fair value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Impaired loans $ 4,876 $ - $ - $ 4,876 Assets held for sale 1,214 - - 1,214 Foreclosed real estate 548 - - 548 Total $ 6,638 $ - $ - $ 6,638 Quoted Prices in Significant Active Markets Other Significant Asset Category for Identical Observable Unobservable December 31, 2015 Fair value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Impaired loans $ 6,635 $ - $ - $ 6,635 Assets held for sale 846 - - 846 Foreclosed real estate 1,401 - - 1,401 Total $ 8,882 $ - $ - $ 8,882
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]	The following table presents the carrying values and estimated fair values of the Company's financial instruments at September 30, 2016 and December 31, 2015: September 30, 2016 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 15,538 $ 15,538 $ 15,538 $ - $ - Certificates of deposit 1,000 1,000 1,000 - - Interest-earning deposits in other banks 57,456 57,456 57,456 - - Investment securities available for sale 65,662 65,662 - 65,662 - Loans, net 643,854 650,901 - - 650,901 Accrued interest receivable 2,484 2,484 - 2,484 - Stock in FHLB 2,340 2,340 - - 2,340 Other non-marketable securities 750 750 - - 750 Financial liabilities: Deposits $ 677,121 $ 676,615 $ - $ 676,615 $ - Short-term debt 38,175 38,175 - 38,175 - Long-term debt 22,372 17,387 - 17,387 - Accrued interest payable 190 190 - 190 - December 31, 2015 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 12,567 $ 12,567 $ 12,567 $ - $ - Certificates of deposits 1,000 1,000 1,000 - - Interest-earning deposits in other banks 49,842 49,842 49,842 - - Investment securities available for sale 80,709 80,709 - 80,709 - Loans, net 610,377 615,754 - - 615,754 Accrued interest receivable 2,350 2,350 - 2,350 - Stock in the FHLB 2,112 2,112 - - 2,112 Other non-marketable securities 705 705 - - 705 Financial liabilities: Deposits $ 651,161 $ 651,255 $ - $ 651,255 $ - Short-term debt 29,673 29,673 - 29,673 - Long-term debt 28,703 23,718 - 23,718 - Accrued interest payable 232 232 - 232 -

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	The amortized cost and fair value of available for sale investments (“AFS”), with gross unrealized gains and losses, follow: September 30, 2016 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 15,045 $ 178 $ (12) $ 15,211 Mortgage-backed securities – GSE’s 32,900 962 - 33,862 Municipal bonds 16,097 492 - 16,589 $ 64,042 $ 1,632 $ (12) $ 65,662 As of September 30, 2016, accumulated other comprehensive income included net unrealized gains totaling $ 1.6 604,000 December 31, 2015 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 21,321 $ 101 $ (196) $ 21,226 Mortgage-backed securities – GSE’s 39,123 475 (62) 39,536 Municipal bonds 19,484 465 (2) 19,947 $ 79,928 $ 1,041 $ (260) $ 80,709
Investments Classified by Contractual Maturity Date [Table Text Block]	The scheduled maturities of securities available for sale, with gross unrealized gains and losses, were as follows: September 30, 2016 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (In thousands) Securities available for sale: Within 1 year $ 4,497 $ 22 $ - $ 4,519 After 1 year but within 5 years 39,011 1,078 - 40,089 After 5 years but within 10 years 11,742 204 (12) 11,934 After 10 years 8,792 328 - 9,120 $ 64,042 $ 1,632 $ (12) $ 65,662 December 31, 2015 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (In thousands) Securities available for sale: Within 1 year $ 1,361 $ 6 $ - $ 1,367 After 1 year but within 5 years 52,577 628 (99) 53,106 After 5 years but within 10 years 17,297 146 (161) 17,282 After 10 years 8,693 261 - 8,954 $ 79,928 $ 1,041 $ (260) $ 80,709
Schedule of Unrealized Loss on Investments [Table Text Block]	The following tables show the gross unrealized losses and fair value of the Company’s investment securities, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at September 30, 2016 and December 31, 2015. September 30, 2016 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses (dollars in thousands) Securities available for sale: U.S. government agencies- GSE’s $ - $ - $ 1,702 $ (12) $ 1,702 $ (12) Total temporarily impaired securities $ - $ - $ 1,702 $ (12) $ 1,702 $ (12) December 31, 2015 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 7,039 $ (70) $ 7,615 $ (126) $ 14,654 $ (196) Mortgage-backed securities- GSE’s 7,916 (62) - - 7,916 (62) Municipal bonds 111 (2) - - 111 (2) Total temporarily impaired securities $ 15,066 $ (134) $ 7,615 $ (126) $ 22,681 $ (260)

LOANS (Tables)

LOANS (Tables)	9 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Following is a summary of the composition of the Company’s loan portfolio at September 30, 2016 and December 31, 2015: September 30, December 31, Total Loans: 2016 2015 Percent Percent Amount of total Amount of total (dollars in thousands) Real estate loans: 1-to-4 family residential $ 93,825 14.39 % $ 87,955 14.25 % Commercial real estate 261,800 40.17 % 259,259 41.99 % Multi-family residential 47,886 7.35 % 40,738 6.60 % Construction 116,287 17.84 % 107,688 17.44 % Home equity lines of credit (“HELOC”) 41,377 6.35 % 42,002 6.80 % Total real estate loans 561,175 86.10 % 537,642 87.08 % Other loans: Commercial and industrial 82,600 12.67 % 73,491 11.90 % Loans to individuals 8,924 1.37 % 7,207 1.17 % Overdrafts 149 0.02 % 48 0.01 % Total other loans 91,673 14.06 % 80,746 13.08 % Gross loans 652,848 618,388 Less deferred loan origination fees, net (1,105 ) (0.16 )% (990 ) (0.16 )% Total loans 651,743 100.00 % 617,398 100.00 % Allowance for loan losses (7,889 ) (7,021 ) Total loans, net $ 643,854 $ 610,377
Past Due Financing Receivables [Table Text Block]	The following tables present an age analysis of past due loans, segregated by class of loans as of September 30, 2016 and December 31, 2015, respectively: Total Loans: September 30, 2016 30+ Non- Total Days Accrual Past Total Past Due Loans Due Current Loans (dollars in thousands) Commercial and industrial $ 35 $ 126 $ 161 $ 82,439 $ 82,600 Construction 79 413 492 115,795 116,287 Multi-family residential 303 360 663 47,223 47,886 Commercial real estate - 2,969 2,969 258,831 261,800 Loans to individuals & overdrafts 32 - 32 9,041 9,073 1-to-4 family residential 252 653 905 92,920 93,825 HELOC 319 355 674 40,703 41,377 Deferred loan (fees) cost, net - - - - (1,105 ) $ 1,020 $ 4,876 $ 5,896 $ 646,952 $ 651,743 There were two loans that amounted to $431,000 that were more than 90 days past due and still accruing interest at September 30, 2016. December 31, 2015 30+ Non- Total Days Accrual Past Total Past Due Loans Due Current Loans (dollars in thousands) Total Loans Commercial and industrial $ 455 $ 13 $ 468 $ 73,023 $ 73,491 Construction - 523 523 107,165 107,688 Multi-family residential 44 431 475 40,263 40,738 Commercial real estate 1,214 3,711 4,925 254,334 259,259 Loans to individuals & overdrafts 14 4 18 7,237 7,255 1-to-4 family residential 650 1,594 2,244 85,711 87,955 HELOC 124 359 483 41,519 42,002 Deferred loan (fees) cost, net - - - - (990 ) $ 2,501 $ 6,635 $ 9,136 $ 609,252 $ 617,398
Impaired Financing Receivables [Table Text Block]	The following tables present information on loans that were considered to be impaired as of September 30, 2016 and December 31, 2015: Three months ended Nine months ended As of September 30, 2016 September 30, 2016 September 30, 2016 Contractual Interest Income Interest Income Unpaid Average Recognized on Average Recognized on Recorded Principal Related Recorded Impaired Recorded Impaired Investment Balance Allowance Investment Loans Investment Loans (In thousands) With no related allowance recorded: Commercial and industrial $ 244 $ 246 $ - $ 307 $ 4 $ 175 $ 12 Construction 499 622 - 505 1 557 7 Commercial real estate 3,620 5,208 - 3,685 34 4,313 107 Loans to individuals & overdrafts - - - - - - - Multi-family residential 360 375 - 363 7 394 14 1-to-4 family residential 1,008 1,282 - 1,129 15 1,534 67 HELOC 617 786 - 620 10 658 28 Subtotal: 6,348 8,519 - 6,609 71 7,631 235 With an allowance recorded: Commercial and industrial 4 4 4 35 - 9 - Construction - - - - - - - Commercial real estate 2,448 2,857 85 2,765 8 1,848 27 Loans to individuals & overdrafts - - - - - 2 - Multi-family residential - - - - - - - 1-to-4 family residential 283 309 15 280 3 287 11 HELOC 33 35 - 33 - 16 - Subtotal: 2,768 3,205 104 3,113 11 2,162 38 Totals: Commercial 7,175 9,312 89 7,660 54 7,296 167 Consumer - - - - - 2 - Residential 1,941 2,412 15 2,062 28 2,495 106 Grand Total: $ 9,116 $ 11,724 $ 104 $ 9,722 $ 82 $ 9,793 $ 273 Impaired loans at September 30, 2016 were approximately $9.1 million and were composed of $4.9 million in nonaccrual loans and $4.2 million in loans that were still accruing interest. Recorded investment represents the current principal balance of the loan. Approximately $2.8 million in impaired loans had specific allowances provided for them while the remaining $6.3 million had no specific allowances recorded at September 30, 2016. Of the $6.3 million with no allowance recorded, $1.3 million of those loans have had partial charge-offs recorded. Three months ended Nine months ended As of December 31, 2015 September 30, 2015 September 30, 2015 Contractual Interest Income Interest Income Unpaid Average Recognized on Average Recognized on Recorded Principal Related Recorded Impaired Recorded Impaired Investment Balance Allowance Investment Loans Investment Loans (In thousands) With no related allowance recorded: Commercial and industrial $ 105 $ 106 $ - $ 640 $ 6 $ 630 $ 40 Construction 615 764 - 1,070 10 1,070 12 Commercial real estate 5,006 7,229 - 2,556 49 3,136 130 Loans to individuals & overdrafts - - - - - - - Multi-family residential - - - 1,769 21 1,779 59 1 to 4 family residential 2,061 2,666 - 2,485 28 2,201 77 HELOC 699 868 - 641 9 648 30 Subtotal: 8,486 11,633 - 9,161 123 9,464 348 With an allowance recorded: Commercial and industrial 13 13 2 11 - 133 - Construction - - - 166 1 96 2 Commercial real estate 1,248 1,314 73 4,436 19 3,869 88 Loans to individuals & overdrafts 4 4 4 - - - - Multi-family residential - - - - - - - 1 to 4 family residential 290 290 15 495 6 442 13 HELOC - - - 288 - 142 - Subtotal: 1,555 1,621 94 5,396 26 4,682 103 Totals: Commercial 6,987 9,426 75 10,648 106 10,713 331 Consumer 4 4 4 - - - - Residential 3,050 3,824 15 3,909 43 3,433 120 Grand Total: $ 10,041 $ 13,254 $ 94 $ 14,557 $ 149 $ 14,146 $ 451
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	The following table presents loans that were modified as troubled debt restructurings (“TDRs”) with a breakdown of the types of concessions made by loan class during the three and nine months ended September 30, 2016 and 2015: Three months ended September 30, 2016 Nine months ended September 30, 2016 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number Recorded Recorded Number Recorded Recorded of loans Investment Investment of loans Investment Investment (Dollars in thousands) Extended payment terms : 1-to-4 family residential - $ - $ - 2 $ 100 $ 48 Commercial & industrial - - - 3 296 188 Construction 1 139 68 1 139 68 Loans to individuals & overdrafts - - - 1 4 1 Total 1 $ 139 $ 68 7 $ 539 $ 305 The following table presents loans that were modified as TDRs within the past twelve months with a breakdown of the types for which there was a payment default together with concessions made by loan class during the twelve month period ended September 30, 2016 and 2015: Twelve months ended Twelve months ended September 30, 2016 September 30, 2015 Number Recorded Number Recorded of loans investment of loans investment (Dollars in thousands) Extended payment terms: Commercial real estate 3 $ 188 1 $ 145 Loans to individuals & overdrafts 1 1 - - Construction 1 68 - - Multi-family residential 1 364 - - 1-to-4 family residential 1 48 - - Total 7 $ 669 1 $ 145
Financing Receivable Credit Quality Indicators [Table Text Block]	The following tables present information on risk ratings of the commercial and consumer loan portfolios, segregated by loan class as of September 30, 2016 and December 31, 2015, respectively: Total loans: September 30 , 2016 Commercial Credit Exposure By Commercial Commercial Internally and real Multi-family Assigned Grade industrial Construction estate residential (In thousands) Superior $ 347 $ - $ - $ - Very good 256 298 470 - Good 13,363 7,035 32,473 3,147 Acceptable 27,317 17,162 141,495 30,101 Acceptable with care 39,333 91,051 76,208 13,975 Special mention 1,657 180 5,387 - Substandard 327 561 5,767 663 Doubtful - - - - Loss - - - - $ 82,600 $ 116,287 $ 261,800 $ 47,886 Consumer Credit Exposure By Internally 1-to-4 family Assigned Grade residential HELOC Pass $ 87,994 $ 39,627 Special mention 2,971 435 Substandard 2,860 1,315 $ 93,825 $ 41,377 Consumer Credit Exposure Based Loans to On Payment individuals & Activity overdrafts Pass $ 9,062 Non –pass 11 $ 9,073 Total Loans: December 31, 2015 Commercial Credit Exposure By Commercial Commercial Internally and real Multi-family Assigned Grade industrial Construction estate residential (dollars in thousands) Superior $ 730 $ - $ - $ - Very good 1,314 355 114 - Good 8,241 5,827 26,538 - Acceptable 25,014 19,059 144,717 32,355 Acceptable with care 37,980 79,817 74,169 7,685 Special mention 58 2,015 7,657 - Substandard 154 615 6,064 698 Doubtful - - - - Loss - - - - $ 73,491 $ 107,688 $ 259,259 $ 40,738 Consumer Credit Exposure By Internally 1-to-4 family Assigned Grade residential HELOC Pass $ 80,596 $ 40,770 Special mention 3,678 448 Substandard 3,681 784 $ 87,955 $ 42,002 Consumer Credit Exposure Based Loans to On Payment individuals & Activity overdrafts Pass $ 7,236 Non-pass 19 $ 7,255
Schedule Of Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield [Table Text Block]	The following table documents changes to the amount of the accretable yield on PCI loans for the three and nine months ended September 30, 2016 (dollars in thousands): Three Months Nine Months Ended Ended September 30, September 30, 2016 2016 (Dollars in thousands) Accretable yield, beginning of period $ 2,568 $ 2,822 Accretion (252 ) (787 ) Reclassification from (to) nonaccretable difference 248 250 Other changes, net 188 467 Accretable yield, end of period $ 2,752 $ 2,752
Allowance for Credit Losses on Financing Receivables [Table Text Block]	The following tables present a roll forward of the Company’s allowance for loan losses by loan class for the three and nine month periods ended September 30, 2016, respectively: Three months ended September 30, 2016 Commercial 1 to 4 Loans to Multi- and Commercial family individuals & family Allowance for loan losses industrial Construction real estate residential HELOC overdrafts residential Total (Dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 1,086 $ 1,511 $ 3,113 $ 772 $ 493 $ 169 $ 523 $ 7,667 Provision for loan losses 113 (13 ) 102 7 60 78 (31 ) 316 Loans charged-off (136 ) - (4 ) - (25 ) (13 ) - (178 ) Recoveries 8 6 2 9 9 4 - 38 Balance, end of period $ 1,071 $ 1,504 $ 3,213 $ 788 $ 537 $ 238 $ 492 $ 7,843 PCI Loans Balance, beginning of period $ 16 $ - $ - $ - $ 9 $ - $ - $ 25 Provision for loan losses 21 - - - - - - 21 Loans charged-off - - - - - - - - Recoveries - - - - - - - - Balance, end of period $ 37 $ - $ - $ - $ 9 $ - $ - $ 46 Total Loans Balance, beginning of period $ 1,102 $ 1,511 $ 3,113 $ 772 $ 502 $ 169 $ 523 $ 7,692 Provision for loan losses 134 (13 ) 102 7 60 78 (31 ) 337 Loans charged-off (136 ) - (4 ) - (25 ) (13 ) - (178 ) Recoveries 8 6 2 9 9 4 - 38 Balance, end of period $ 1,108 $ 1,504 $ 3,213 $ 788 $ 546 $ 238 $ 492 $ 7,889 Ending Balance: individually evaluated for impairment $ 4 $ - $ 85 $ 15 $ - $ - $ - $ 104 Ending Balance: collectively evaluated for impairment $ 1,104 $ 1,505 $ 3,128 $ 773 $ 545 $ 238 $ 492 $ 7,785 Loans: Ending Balance: collectively evaluated for impairment $ 82,352 $ 115,788 $ 255,732 $ 92,534 $ 40,727 $ 9,073 $ 47,526 $ 643,732 Ending Balance: individually evaluated for impairment $ 248 $ 499 $ 6,068 $ 1,291 $ 650 $ - $ 360 $ 9,116 Ending Balance $ 82,600 $ 116,287 $ 261,800 $ 93,825 $ 41,377 $ 9,073 $ 47,886 $ 652,848 Nine months ended September 30, 2016 Commercial 1 to 4 Loans to Multi- and Commercial family individuals & family Allowance for loan losses industrial Construction real estate residential HELOC overdrafts residential Total (Dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 922 $ 1,386 $ 3,005 $ 605 $ 564 $ 137 $ 393 $ 7,012 Provision for loan losses 310 103 321 (107 ) (36 ) 119 99 809 Loans charged-off (177 ) (2 ) (189 ) - (26 ) (31 ) - (425 ) Recoveries 15 17 76 290 35 13 - 446 Balance, end of period $ 1,070 $ 1,504 $ 3,213 $ 788 $ 537 $ 238 $ 492 $ 7,842 PCI Loans Balance, beginning of period $ - $ - $ - $ - $ 9 $ - $ - $ 9 Provision for loan losses 38 - - - - - - 38 Loans charged-off - - - - - - - - Recoveries - - - - - - - - Balance, end of period $ 38 $ - $ - $ - $ 9 $ - $ 2 $ 47 Total Loans Balance, beginning of period $ 922 $ 1,386 $ 3,005 $ 605 $ 573 $ 137 $ 393 $ 7,021 Provision for loan losses 348 103 321 (107 ) (36 ) 119 99 847 Loans charged-off (177 ) (2 ) (189 ) - (26 ) (31 ) - (425 ) Recoveries 15 17 76 290 35 13 - 446 Balance, end of period $ 1,108 $ 1,504 $ 3,213 $ 788 $ 546 $ 238 $ 492 $ 7,889 The following tables present a roll forward of the Company’s allowance for loan losses by loan class for the three and nine month periods ended September 30, 2015, respectively (in thousands): Three months ended September 30, 2015 Commercial 1 to 4 Loans to Multi- and Commercial family individuals & family Allowance for loan losses industrial Construction real estate residential HELOC overdrafts residential Total Loans – excluding PCI Balance, beginning of period $ 1,077 $ 1,313 $ 2,573 $ 602 $ 764 $ 153 $ 292 $ 6,774 Provision for loan losses (56 ) 118 388 16 (74 ) 11 49 452 Loans charged-off (11 ) (69 ) (119 ) (26 ) (75 ) (11 ) - (311 ) Recoveries 7 5 59 23 8 6 - 108 Balance, end of period $ 1,017 $ 1,367 $ 2,901 $ 615 $ 623 $ 159 $ 341 $ 7,023 PCI Loans Balance, beginning of period $ - $ - $ 57 $ - $ 9 $ - $ 2 $ 68 Provision for loan losses - - (57 ) - - - (2 ) (59 ) Loans charged-off - - - - - - - - Recoveries - - - - - - - - Balance, end of period $ - $ - $ - $ - $ 9 $ - $ - $ 9 Total Loans Balance, beginning of period $ 1,077 $ 1,313 $ 2,630 $ 602 $ 773 $ 153 $ 294 $ 6,842 Provision for loan losses (56 ) 118 331 16 (74 ) 11 47 393 Loans charged-off (11 ) (69 ) (119 ) (26 ) (75 ) (11 ) - (311 ) Recoveries 7 5 59 23 8 6 - 108 Balance, end of period $ 1,017 $ 1,367 $ 2,901 $ 615 $ 632 $ 159 $ 341 $ 7,032 Ending Balance: individually evaluated for impairment $ - $ 8 $ 316 $ 59 $ - $ 1 $ - $ 384 Ending Balance: collectively evaluated for impairment $ 1,017 $ 1,359 $ 2,585 $ 556 $ 632 $ 158 $ 341 $ 6,648 Loans: Ending Balance: collectively evaluated for impairment $ 73,928 $ 103,946 $ 237,886 $ 83,252 $ 37,723 $ 5,967 $ 43,506 $ 586,208 Ending Balance: individually evaluated for impairment $ 566 $ 863 $ 6,696 $ 2,537 $ 659 $ 1 $ 1,326 $ 12,648 Ending Balance $ 74,494 $ 104,809 $ 244,582 $ 85,789 $ 38,382 $ 5,968 $ 44,832 $ 598,856 Nine months ended September 30, 2015 Commercial 1 to 4 Loans to Multi- and Commercial family individuals & family Allowance for loan losses industrial Construction real estate residential HELOC overdrafts residential Total Loans – excluding PCI Balance, beginning of period $ 803 $ 1,103 $ 2,914 $ 630 $ 930 $ 185 $ 279 $ 6,844 Provision for loan losses 309 320 65 (69 ) (211 ) - (39 ) 375 Loans charged-off (141 ) (69 ) (148 ) (26 ) (115 ) (46 ) (5 ) (550 ) Recoveries 46 13 70 80 19 20 106 354 Balance, end of period $ 1,017 $ 1,367 $ 2,901 $ 615 $ 623 $ 159 $ 341 $ 7,023 PCI Loans Balance, beginning of period $ - $ - $ - $ - $ - $ - $ - $ - Provision for loan losses - - - - 9 - - 9 Loans charged-off - - - - - - - - Recoveries - - - - - - - - Balance, end of period $ - $ - $ - $ - $ 9 $ - $ 2 $ 9 Total Loans Balance, beginning of period $ 803 $ 1,103 $ 2,914 $ 630 $ 930 $ 185 $ 279 $ 6,844 Provision for loan losses 309 320 65 (69 ) (202 ) - (39 ) 384 Loans charged-off (141 ) (69 ) (148 ) (26 ) (115 ) (46 ) (5 ) (550 ) Recoveries 46 13 70 80 19 20 106 354 Balance, end of period $ 1,017 $ 1,367 $ 2,901 $ 615 $ 632 $ 159 $ 341 $ 7,032

ACCUMULATED OTHER COMPREHENSI22

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	9 Months Ended
	Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table presents changes in accumulated other comprehensive income for the three and nine months ended September 30, 2016 and 2015. Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 (In thousands) Beginning balance $ 1,178 $ 621 $ 490 $ 809 Unrealized gain (loss) on investment securities available for sale (259) 595 840 523 Tax effect 97 (222) (300) (197) Other comprehensive gain (loss) before reclassification (162) 373 540 326 Amounts reclassified from accumulated comprehensive income: Realized gains on investment securities included in net income - - (22) (219) Tax effect - - 8 78 Total reclassifications net of tax - - (14) (141) Net current period other comprehensive income (loss) (162) 373 526 185 Ending balance $ 1,016 $ 994 $ 1,016 $ 994

REPURCHASE AGREEMENTS (Tables)

REPURCHASE AGREEMENTS (Tables)	9 Months Ended
	Sep. 30, 2016
Banking and Thrift [Abstract]
Remaining Contractual Maturity Of The Securities Sold Under Agreements To Repurchase By Class Of Collateral Pledged [Table Text Block]	The remaining contractual maturity of the securities sold under agreements to repurchase by class of collateral pledged included in short-term borrowings as of September 30, 2016 and December 31, 2015 is presented in the following tables. September 30, 2016 Remaining Contractual Maturity of the Agreements Overnight and Up to 30 30-90 Greater than (Dollars in thousands) continuous Days Days 90 Days Total Repurchase agreements U.S. government agencies-GSE’s $ 4,409 $ - $ - $ - $ 4,409 Mortgage-backed Securities-GSEs 5,868 - - - 5,868 Total borrowings $ 10,277 $ - $ - $ - $ 10,277 Gross amount of recognized liabilities for repurchase agreements $ 10,277 December 31, 2015 Remaining Contractual Maturity of the Agreements Overnight and Up to 30 30-90 Greater than (Dollars in thousands) continuous Days Days 90 Days Total Repurchase agreements U.S. government agencies-GSE’s $ 4,206 $ - $ - $ - $ 4,206 Mortgage-backed Securities-GSEs 7,943 - - - 7,943 Total borrowings $ 12,149 $ - $ - $ - $ 12,149 Gross amount of recognized liabilities for repurchase agreements $ 12,149

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	9 Months Ended
	Sep. 30, 2016
Banking and Thrift [Abstract]
Schedule Of Real Estate Owned Properties [Table Text Block]	The following table explains changes in other real estate owned during the nine months ended September 30, 2016 and 2015 (dollars in thousands): Nine Months Nine Months Ended Ended September 30, September 30, 2016 2015 (Dollars in thousands) Beginning balance January 1 $ 1,401 $ 1,585 Sales (1,831) (560) Writedowns (164) (117) Transfers 1,142 99 Ending balance $ 548 $ 1,007

PER SHARE RESULTS (Details)

PER SHARE RESULTS (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Weighted Average Number Of Shares [Line Items]
Weighted average shares used for basic net income available to common shareholders	11,627,270	11,521,043	11,601,993	11,476,532
Effect of dilutive stock options	39,010	61,681	45,922	71,049
Weighted average shares used for diluted net income available to common shareholders	11,666,280	11,582,724	11,647,915	11,547,581

PER SHARE RESULTS (Details Text

PER SHARE RESULTS (Details Textual) - shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	123,800	111,080

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets, Fair Value Disclosure, Recurring	$ 65,662	$ 80,709
US Government Agencies Debt Securities [Member]
Assets, Fair Value Disclosure, Recurring	15,211	21,226
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Assets, Fair Value Disclosure, Recurring	33,862	39,536
Municipal Bonds [Member]
Assets, Fair Value Disclosure, Recurring	16,589	19,947
Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 1 [Member] | US Government Agencies Debt Securities [Member]
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 1 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 1 [Member] | Municipal Bonds [Member]
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure, Recurring	65,662	80,709
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member]
Assets, Fair Value Disclosure, Recurring	15,211	21,226
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Assets, Fair Value Disclosure, Recurring	33,862	39,536
Fair Value, Inputs, Level 2 [Member] | Municipal Bonds [Member]
Assets, Fair Value Disclosure, Recurring	16,589	19,947
Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 3 [Member] | US Government Agencies Debt Securities [Member]
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 3 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 3 [Member] | Municipal Bonds [Member]
Assets, Fair Value Disclosure, Recurring	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Deta28

FAIR VALUE MEASUREMENTS (Details 1) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets, Fair Value Disclosure, Nonrecurring	$ 6,638	$ 8,882
Impaired Loans [Member]
Assets, Fair Value Disclosure, Nonrecurring	4,876	6,635
Assets held for sale [Member]
Assets, Fair Value Disclosure, Nonrecurring	1,214	846
Foreclosed Real Estate [Member]
Assets, Fair Value Disclosure, Nonrecurring	548	1,401
Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 1 [Member] | Assets held for sale [Member]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 1 [Member] | Foreclosed Real Estate [Member]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 2 [Member] | Assets held for sale [Member]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 2 [Member] | Foreclosed Real Estate [Member]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value Disclosure, Nonrecurring	6,638	8,882
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Assets, Fair Value Disclosure, Nonrecurring	4,876	6,635
Fair Value, Inputs, Level 3 [Member] | Assets held for sale [Member]
Assets, Fair Value Disclosure, Nonrecurring	1,214	846
Fair Value, Inputs, Level 3 [Member] | Foreclosed Real Estate [Member]
Assets, Fair Value Disclosure, Nonrecurring	$ 548	$ 1,401

FAIR VALUE MEASUREMENTS (Deta29

FAIR VALUE MEASUREMENTS (Details 2) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Financial assets:
Cash and due from banks	$ 15,538	$ 12,567	[1]
Certificates of deposit	1,000	1,000
Interest-earning deposits in other banks	57,456	49,842
Investment securities available for sale	65,662	80,709
Loans, net	643,854	610,377
Accrued interest receivable	2,484	2,350	[1]
Stock in FHLB	2,340	2,112	[1]
Other non-marketable securities	750	705
Financial liabilities:
Deposits	677,121	651,161	[1]
Short-term debt	38,175	29,673	[1]
Long-term debt	22,372	28,703	[1]
Accrued interest payable	190	232	[1]
Estimate of Fair Value Measurement [Member]
Financial assets:
Cash and due from banks	15,538	12,567
Certificates of deposit	1,000	1,000
Interest-earning deposits in other banks	57,456	49,842
Investment securities available for sale	65,662	80,709
Loans, net	650,901	615,754
Accrued interest receivable	2,484	2,350
Stock in FHLB	2,340	2,112
Other non-marketable securities	750	705
Financial liabilities:
Deposits	676,615	651,255
Short-term debt	38,175	29,673
Long-term debt	17,387	23,718
Accrued interest payable	190	232
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and due from banks	15,538	12,567
Certificates of deposit	1,000	1,000
Interest-earning deposits in other banks	57,456	49,842
Investment securities available for sale	0	0
Loans, net	0	0
Accrued interest receivable	0	0
Stock in FHLB	0	0
Other non-marketable securities	0	0
Financial liabilities:
Deposits	0	0
Short-term debt	0	0
Long-term debt	0	0
Accrued interest payable	0	0
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Cash and due from banks	0	0
Certificates of deposit	0	0
Interest-earning deposits in other banks	0	0
Investment securities available for sale	65,662	80,709
Loans, net	0	0
Accrued interest receivable	2,484	2,350
Stock in FHLB	0	0
Other non-marketable securities	0	0
Financial liabilities:
Deposits	676,615	651,255
Short-term debt	38,175	29,673
Long-term debt	17,387	23,718
Accrued interest payable	190	232
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Cash and due from banks	0	0
Certificates of deposit	0	0
Interest-earning deposits in other banks	0	0
Investment securities available for sale	0	0
Loans, net	650,901	615,754
Accrued interest receivable	0	0
Stock in FHLB	2,340	2,112
Other non-marketable securities	750	705
Financial liabilities:
Deposits	0	0
Short-term debt	0	0
Long-term debt	0	0
Accrued interest payable	$ 0	$ 0
[1]	Derived from audited consolidated financial statements.

FAIR VALUE MEASUREMENTS (Deta30

FAIR VALUE MEASUREMENTS (Details Textual)	9 Months Ended
	Sep. 30, 2016
Lease expiration Terms	3 years
Square Footage of Building, Percentage	20.00%
Minimum [Member]
Percentage Of Discount From Impaired Loans	4.00%
Percentage Of Discount From Assets Held for Sale	1.00%
Maximum [Member]
Percentage Of Discount From Impaired Loans	50.00%
Percentage Of Discount From Assets Held for Sale	25.00%
Fair Value [Member] | Minimum [Member]
Percentage Of Discount From Foreclosed Real Estate	6.00%
Fair Value [Member] | Maximum [Member]
Percentage Of Discount From Foreclosed Real Estate	10.00%

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Securities available for sale:
Amortized cost	$ 64,042	$ 79,928
Gross unrealized gains	1,632	1,041
Gross unrealized losses	(12)	(260)
Fair value	65,662	80,709	[1]
U.S. government agencies - GSE’s [Member]
Securities available for sale:
Amortized cost	15,045	21,321
Gross unrealized gains	178	101
Gross unrealized losses	(12)	(196)
Fair value	15,211	21,226
Mortgage-backed securities - GSE’s [Member]
Securities available for sale:
Amortized cost	32,900	39,123
Gross unrealized gains	962	475
Gross unrealized losses	0	(62)
Fair value	33,862	39,536
Municipal bonds [Member]
Securities available for sale:
Amortized cost	16,097	19,484
Gross unrealized gains	492	465
Gross unrealized losses	0	(2)
Fair value	$ 16,589	$ 19,947
[1]	Derived from audited consolidated financial statements.

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized cost, Within 1 year	$ 4,497	$ 1,361
Gross unrealized gains, Within 1 year	22	6
Gross unrealized losses, Within 1 year	0	0
Fair value, Within 1 year	4,519	1,367
Amortized cost, After 1 year but within 5 years	39,011	52,577
Gross unrealized gains, After 1 year but within 5 years	1,078	628
Gross unrealized losses, After 1 year but within 5 years	0	(99)
Fair value, After 1 year but within 5 years	40,089	53,106
Amortized cost, After 5 years but within 10 years	11,742	17,297
Gross unrealized gains, After 5 years but within 10 years	204	146
Gross unrealized losses, After 5 years but within 10 years	(12)	(161)
Fair value, After 5 years but within 10 years	11,934	17,282
Amortized cost, After 10 years	8,792	8,693
Gross unrealized gains, After 10 years	328	261
Gross unrealized losses, After 10 years	0	0
Fair value, After 10 years	9,120	8,954
Available-for-sale Securities, Amortized cost	64,042	79,928
Available-for-sale Securities, Gross unrealized gains	1,632	1,041
Available-for-sale Securities, Gross unrealized losses	(12)	(260)
Available-for-sale Securities, Fair value	$ 65,662	$ 80,709	[1]
[1]	Derived from audited consolidated financial statements.

INVESTMENT SECURITIES (Detail33

INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
U.S. government agencies - GSE’s [Member]
Securities available for sale:
Less Than 12 Months Fair value	$ 0	$ 7,039
Less Than 12 Months Unrealized losses	0	(70)
12 Months or More Fair value	1,702	7,615
12 Months or More Unrealized losses	(12)	(126)
Total Fair value	1,702	14,654
Total Unrealized losses	(12)	(196)
Mortgage-backed securities - GSE’s [Member]
Securities available for sale:
Less Than 12 Months Fair value		7,916
Less Than 12 Months Unrealized losses		(62)
12 Months or More Fair value		0
12 Months or More Unrealized losses		0
Total Fair value		7,916
Total Unrealized losses		(62)
Municipal bonds [Member]
Securities available for sale:
Less Than 12 Months Fair value		111
Less Than 12 Months Unrealized losses		(2)
12 Months or More Fair value		0
12 Months or More Unrealized losses		0
Total Fair value		111
Total Unrealized losses		(2)
Total temporarily impaired securities [Member]
Securities available for sale:
Less Than 12 Months Fair value	0	15,066
Less Than 12 Months Unrealized losses	0	(134)
12 Months or More Fair value	1,702	7,615
12 Months or More Unrealized losses	(12)	(126)
Total Fair value	1,702	22,681
Total Unrealized losses	$ (12)	$ (260)

INVESTMENT SECURITIES (Detail34

INVESTMENT SECURITIES (Details Textual) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Gross Unrealized Gain (Loss)			$ 1,600,000		$ 781,000
Deferred Income Taxes and Other Liabilities, Noncurrent	$ 604,000		604,000		291,000
US Government Securities, at Carrying Value	35,100,000		35,100,000		45,200,000
Gain (Loss) on Sale of Securities, Net	0	$ 0	22,000	$ 219,000
Proceeds from Sale of Available-for-sale Securities, Total			624,000	$ 5,640,000
Temporarily Impaired Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	12,000		12,000		126,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0		0		134,000
Us Government Agencies Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	12,000		12,000		126,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$ 0		$ 0		$ 70,000

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015		Sep. 30, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 652,848	$ 618,388
Less deferred loan origination fees, net	(1,105)	(990)
Total loans	651,743	617,398	[1]	$ 598,856
Allowance for loan losses	(7,889)	(7,021)	[1]
Total loans, net	$ 643,854	$ 610,377	[1]
Less Percentage of deferred loan origination fees, net	(0.16%)	(0.16%)
Percent of total	100.00%	100.00%
1- to- 4 family residential Real estate loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 93,825	$ 87,955		85,789
Allowance for loan losses	$ (788)
Percent of total	14.39%	14.25%
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 261,800	$ 259,259		244,582
Percent of total	40.17%	41.99%
Multi-family residential Real estate loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 47,886	$ 40,738		44,832
Allowance for loan losses	$ (492)
Percent of total	7.35%	6.60%
Construction Real estate loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 116,287	$ 107,688		104,809
Allowance for loan losses	$ (1,504)
Percent of total	17.84%	17.44%
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 41,377	$ 42,002		38,382
Allowance for loan losses	$ (546)
Percent of total	6.35%	6.80%
Total real estate loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 561,175	$ 537,642
Percent of total	86.10%	87.08%
Commercial and industrial Other loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 82,600	$ 73,491		$ 74,494
Allowance for loan losses	$ (1,108)
Percent of total	12.67%	11.90%
Loans to individuals Other loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 8,924	$ 7,207
Percent of total	1.37%	1.17%
Overdrafts Other loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 149	$ 48
Percent of total	0.02%	0.01%
Total other loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 91,673	$ 80,746
Percent of total	14.06%	13.08%
[1]	Derived from audited consolidated financial statements.

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015		Sep. 30, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Deferred loan (fees) cost, net	$ (1,105)	$ (990)
Total Loans	651,743	617,398	[1]	$ 598,856
Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,896	9,136
Non-Accrual Loans	4,876	6,635
Current	646,952	609,252
Deferred loan (fees) cost, net	(1,105)	(990)
Total Loans	651,743	617,398
Total Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,020	2,501
Deferred loan (fees) cost, net	0	0
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	82,600	73,491		74,494
Commercial and Industrial [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	161	468
Non-Accrual Loans	126	13
Current	82,439	73,023
Total Loans	82,600	73,491
Commercial and Industrial [Member] | Total Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	35	455
Construction Loans Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	116,287	107,688		104,809
Construction Loans Real Estate [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	492	523
Non-Accrual Loans	413	523
Current	115,795	107,165
Total Loans	116,287	107,688
Construction Loans Real Estate [Member] | Total Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	79	0
Multi Family Residential Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	47,886	40,738		44,832
Multi Family Residential Real Estate [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	663	475
Non-Accrual Loans	360	431
Current	47,223	40,263
Total Loans	47,886	40,738
Multi Family Residential Real Estate [Member] | Total Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	303	44
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	261,800	259,259		244,582
Commercial Real Estate [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,969	4,925
Non-Accrual Loans	2,969	3,711
Current	258,831	254,334
Total Loans	261,800	259,259
Commercial Real Estate [Member] | Total Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	1,214
Loans to Individuals and Overdrafts [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	9,073			5,968
Loans to Individuals and Overdrafts [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	32	18
Non-Accrual Loans	0	4
Current	9,041	7,237
Total Loans	9,073	7,255
Loans to Individuals and Overdrafts [Member] | Total Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	32	14
Family Residential Real Estate 1 to 4 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	93,825	87,955		85,789
Family Residential Real Estate 1 to 4 [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	905	2,244
Non-Accrual Loans	653	1,594
Current	92,920	85,711
Total Loans	93,825	87,955
Family Residential Real Estate 1 to 4 [Member] | Total Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	252	650
Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	41,377	42,002		$ 38,382
Home Equity Line of Credit [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	674	483
Non-Accrual Loans	355	359
Current	40,703	41,519
Total Loans	41,377	42,002
Home Equity Line of Credit [Member] | Total Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 319	$ 124
[1]	Derived from audited consolidated financial statements.

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	$ 6,348		$ 6,348		$ 8,486
With no related allowance, Contractual Unpaid Principal Balance	8,519		8,519		11,633
With no related allowance, Average Recorded Investment	6,609	$ 9,161	7,631	$ 9,464
With no related allowance, Interest Income Recognized on Impaired Loans	71	123	235	348
With an related allowance, Recorded Investment	2,768		2,768		1,555
With an related allowance, Contractual Unpaid Principal Balance	3,205		3,205		1,621
Related Allowance	104		104		94
With an related allowance, Average Recorded Investment	3,113	5,396	2,162	4,682
With an related allowance, Interest Income Recognized on Impaired Loans	11	26	38	103
Recorded Investment Total	9,116		9,116		10,041
Contractual Unpaid Principal Balance Total	11,724		11,724		13,254
Average Recorded Investment Total	9,722	14,557	9,793	14,146
Interest Income Recognized on impaired Loans Total	82	149	273	451
Residential Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Related Allowance	15		15		15
Recorded Investment Total	1,941		1,941		3,050
Contractual Unpaid Principal Balance Total	2,412		2,412		3,824
Average Recorded Investment Total	2,062	3,909	2,495	3,433
Interest Income Recognized on impaired Loans Total	28	43	106	120
Commercial Loan [Member]
Financing Receivable, Impaired [Line Items]
Related Allowance	89		89		75
Recorded Investment Total	7,175		7,175		6,987
Contractual Unpaid Principal Balance Total	9,312		9,312		9,426
Average Recorded Investment Total	7,660	10,648	7,296	10,713
Interest Income Recognized on impaired Loans Total	54	106	167	331
Consumer Loan [Member]
Financing Receivable, Impaired [Line Items]
Related Allowance	0		0		4
Recorded Investment Total	0		0		4
Contractual Unpaid Principal Balance Total	0		0		4
Average Recorded Investment Total	0	0	2	0
Interest Income Recognized on impaired Loans Total	0	0	0	0
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	244		244		105
With no related allowance, Contractual Unpaid Principal Balance	246		246		106
With no related allowance, Average Recorded Investment	307	640	175	630
With no related allowance, Interest Income Recognized on Impaired Loans	4	6	12	40
With an related allowance, Recorded Investment	4		4		13
With an related allowance, Contractual Unpaid Principal Balance	4		4		13
Related Allowance	4		4		2
With an related allowance, Average Recorded Investment	35	11	9	133
With an related allowance, Interest Income Recognized on Impaired Loans	0	0	0	0
Construction Loans Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	499		499		615
With no related allowance, Contractual Unpaid Principal Balance	622		622		764
With no related allowance, Average Recorded Investment	505	1,070	557	1,070
With no related allowance, Interest Income Recognized on Impaired Loans	1	10	7	12
With an related allowance, Recorded Investment	0		0		0
With an related allowance, Contractual Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
With an related allowance, Average Recorded Investment	0	166	0	96
With an related allowance, Interest Income Recognized on Impaired Loans	0	1	0	2
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	3,620		3,620		5,006
With no related allowance, Contractual Unpaid Principal Balance	5,208		5,208		7,229
With no related allowance, Average Recorded Investment	3,685	2,556	4,313	3,136
With no related allowance, Interest Income Recognized on Impaired Loans	34	49	107	130
With an related allowance, Recorded Investment	2,448		2,448		1,248
With an related allowance, Contractual Unpaid Principal Balance	2,857		2,857		1,314
Related Allowance	85		85		73
With an related allowance, Average Recorded Investment	2,765	4,436	1,848	3,869
With an related allowance, Interest Income Recognized on Impaired Loans	8	19	27	88
Loans to Individuals and Overdrafts [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	0		0		0
With no related allowance, Contractual Unpaid Principal Balance	0		0		0
With no related allowance, Average Recorded Investment	0	0	0	0
With no related allowance, Interest Income Recognized on Impaired Loans	0	0	0	0
With an related allowance, Recorded Investment	0		0		4
With an related allowance, Contractual Unpaid Principal Balance	0		0		4
Related Allowance	0		0		4
With an related allowance, Average Recorded Investment	0	0	2	0
With an related allowance, Interest Income Recognized on Impaired Loans	0	0	0	0
Multi Family Residential Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	360		360		0
With no related allowance, Contractual Unpaid Principal Balance	375		375		0
With no related allowance, Average Recorded Investment	363	1,769	394	1,779
With no related allowance, Interest Income Recognized on Impaired Loans	7	21	14	59
With an related allowance, Recorded Investment	0		0		0
With an related allowance, Contractual Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
With an related allowance, Average Recorded Investment	0	0	0	0
With an related allowance, Interest Income Recognized on Impaired Loans	0	0	0	0
Home Equity Line of Credit [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	617		617		699
With no related allowance, Contractual Unpaid Principal Balance	786		786		868
With no related allowance, Average Recorded Investment	620	641	658	648
With no related allowance, Interest Income Recognized on Impaired Loans	10	9	28	30
With an related allowance, Recorded Investment	33		33		0
With an related allowance, Contractual Unpaid Principal Balance	35		35		0
Related Allowance	0		0		0
With an related allowance, Average Recorded Investment	33	288	16	142
With an related allowance, Interest Income Recognized on Impaired Loans	0	0	0	0
Family Residential Real Estate 1 to 4 [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	1,008		1,008		2,061
With no related allowance, Contractual Unpaid Principal Balance	1,282		1,282		2,666
With no related allowance, Average Recorded Investment	1,129	2,485	1,534	2,201
With no related allowance, Interest Income Recognized on Impaired Loans	15	28	67	77
With an related allowance, Recorded Investment	283		283		290
With an related allowance, Contractual Unpaid Principal Balance	309		309		290
Related Allowance	15		15		$ 15
With an related allowance, Average Recorded Investment	280	495	287	442
With an related allowance, Interest Income Recognized on Impaired Loans	$ 3	$ 6	$ 11	$ 13

LOANS (Details 3)

LOANS (Details 3) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2016USD ($)Number	Sep. 30, 2016USD ($)Number	Sep. 30, 2016USD ($)Number	Sep. 30, 2015USD ($)Number
Financing Receivable, Modifications [Line Items]
Number of loans | Number			1,000
Commercial and Inustrial Extended Payment Term [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Number	0	3
Pre-Modification Outstanding Recorded Investment	$ 0	$ 296
Post-Modification Outstanding Recorded Investment	$ 0	$ 188
Construction Extended Payment Term [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Number	1	1	0
Pre-Modification Outstanding Recorded Investment	$ 139	$ 139
Post-Modification Outstanding Recorded Investment	68	68
Financing Receivable, Modifications, Recorded Investment	68	68	$ 68	$ 0
Commercial Real Estate Extended Payment Term [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Number			3	1
Financing Receivable, Modifications, Recorded Investment	188	188	$ 188	$ 145
Loans to Individuals and Overdrafts Extended Payment Term [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Number			1	0
Financing Receivable, Modifications, Recorded Investment	$ 1	$ 1	$ 1	$ 0
Residential 1 to 4 Family Extended Payment Term [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Number	0	2	1	0
Pre-Modification Outstanding Recorded Investment	$ 0	$ 100
Post-Modification Outstanding Recorded Investment	0	48
Financing Receivable, Modifications, Recorded Investment	48	48	$ 48	$ 0
Multi Family Residential Extended Payment Term [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Number			1	0
Financing Receivable, Modifications, Recorded Investment	$ 364	$ 364	$ 364	$ 0
Extended Payment Term [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Number	1	7	7	1
Pre-Modification Outstanding Recorded Investment	$ 139	$ 539
Post-Modification Outstanding Recorded Investment	68	305
Financing Receivable, Modifications, Recorded Investment	$ 669	$ 669	$ 669	$ 145
Loans to Individuals and Overdrafts Forgiveness of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Number	0	1
Pre-Modification Outstanding Recorded Investment	$ 0	$ 4
Post-Modification Outstanding Recorded Investment	$ 0	$ 1

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015		Sep. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 651,743	$ 617,398	[1]	$ 598,856
Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	651,743	617,398
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	82,600	73,491		74,494
Commercial and Industrial [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	82,600	73,491
Commercial and Industrial [Member] | Superior [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	347	730
Commercial and Industrial [Member] | Very Good [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	256	1,314
Commercial and Industrial [Member] | Good [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	13,363	8,241
Commercial and Industrial [Member] | Acceptable [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	27,317	25,014
Commercial and Industrial [Member] | Acceptable With Care [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	39,333	37,980
Commercial and Industrial [Member] | Special Mention [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,657	58
Commercial and Industrial [Member] | Substandard [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	327	154
Commercial and Industrial [Member] | Doubtful [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial and Industrial [Member] | Loss [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Construction Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	116,287	107,688
Construction Loans [Member] | Superior [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Construction Loans [Member] | Very Good [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	298	355
Construction Loans [Member] | Good [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	7,035	5,827
Construction Loans [Member] | Acceptable [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	17,162	19,059
Construction Loans [Member] | Acceptable With Care [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	91,051	79,817
Construction Loans [Member] | Special Mention [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	180	2,015
Construction Loans [Member] | Substandard [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	561	615
Construction Loans [Member] | Doubtful [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Construction Loans [Member] | Loss [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	261,800	259,259		244,582
Commercial Real Estate [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	261,800	259,259
Commercial Real Estate [Member] | Superior [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial Real Estate [Member] | Very Good [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	470	114
Commercial Real Estate [Member] | Good [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	32,473	26,538
Commercial Real Estate [Member] | Acceptable [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	141,495	144,717
Commercial Real Estate [Member] | Acceptable With Care [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	76,208	74,169
Commercial Real Estate [Member] | Special Mention [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	5,387	7,657
Commercial Real Estate [Member] | Substandard [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	5,767	6,064
Commercial Real Estate [Member] | Doubtful [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial Real Estate [Member] | Loss [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi Family Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	47,886	40,738		44,832
Multi Family Residential Real Estate [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	47,886	40,738
Multi Family Residential Real Estate [Member] | Superior [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi Family Residential Real Estate [Member] | Very Good [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi Family Residential Real Estate [Member] | Good [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	3,147	0
Multi Family Residential Real Estate [Member] | Acceptable [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	30,101	32,355
Multi Family Residential Real Estate [Member] | Acceptable With Care [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	13,975	7,685
Multi Family Residential Real Estate [Member] | Special Mention [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi Family Residential Real Estate [Member] | Substandard [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	663	698
Multi Family Residential Real Estate [Member] | Doubtful [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi Family Residential Real Estate [Member] | Loss [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Loans to Individuals and Overdrafts [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	9,073			5,968
Loans to Individuals and Overdrafts [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	9,073	7,255
Loans to Individuals and Overdrafts [Member] | Pass [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	9,062	7,236
Loans to Individuals and Overdrafts [Member] | Non-Pass [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	11	19
Family Residential Real Estate 1 to 4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	93,825	87,955		85,789
Family Residential Real Estate 1 to 4 [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	93,825	87,955
Family Residential Real Estate 1 to 4 [Member] | Pass [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	87,994	80,596
Family Residential Real Estate 1 to 4 [Member] | Special Mention [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,971	3,678
Family Residential Real Estate 1 to 4 [Member] | Substandard [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,860	3,681
Home Equity Line Of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	41,377	42,002		$ 38,382
Home Equity Line Of Credit [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	41,377	42,002
Home Equity Line Of Credit [Member] | Pass [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	39,627	40,770
Home Equity Line Of Credit [Member] | Special Mention [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	435	448
Home Equity Line Of Credit [Member] | Substandard [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 1,315	$ 784
[1]	Derived from audited consolidated financial statements.

LOANS (Details 5)

LOANS (Details 5) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016
Schedule Of Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield [Line Items]
Accretable yield, beginning of period	$ 2,568	$ 2,822
Accretion	(252)	(787)
Reclassification from (to) nonaccretable difference	248	250
Other changes, net	188	467
Accretable yield, end of period	$ 2,752	$ 2,752

LOANS (Details 6)

LOANS (Details 6) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period	[1]			$ 7,021
Allowance for loan losses, Balance, end of period		$ 7,889		7,889
Ending Balance: individually evaluated for impairment		104	$ 384	104	$ 384
Ending Balance: collectively evaluated for impairment		7,785	6,648	7,785	6,648
Loans
Ending balance: collectively evaluated for impairment		643,732	586,208	643,732	586,208
Ending balance: individually evaluated for impairment		9,116	12,648	9,116	12,648
Ending balance		651,743	598,856	651,743	598,856	$ 617,398	[1]
Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		7,667	6,774	7,012	6,844
Provision for loan losses		316	452	809	375
Loans charged-off		(178)	(311)	(425)	(550)
Recoveries		38	108	446	354
Allowance for loan losses, Balance, end of period		7,843	7,023	7,843	7,023
Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		25	68	9	0
Provision for loan losses		21	(59)	38	9
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		46	9	46	9
Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		7,692	6,842	7,021	6,844
Provision for loan losses		337	393	847	384
Loans charged-off		(178)	(311)	(425)	(550)
Recoveries		38	108	446	354
Allowance for loan losses, Balance, end of period		7,889	7,032	7,889	7,032
Loans
Ending balance		651,743		651,743		617,398
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, end of period		1,108		1,108
Ending Balance: individually evaluated for impairment		4	0	4	0
Ending Balance: collectively evaluated for impairment		1,104	1,017	1,104	1,017
Loans
Ending balance: collectively evaluated for impairment		82,352	73,928	82,352	73,928
Ending balance: individually evaluated for impairment		248	566	248	566
Ending balance		82,600	74,494	82,600	74,494	73,491
Commercial and Industrial [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		1,086	1,077	922	803
Provision for loan losses		113	(56)	310	309
Loans charged-off		(136)	(11)	(177)	(141)
Recoveries		8	7	15	46
Allowance for loan losses, Balance, end of period		1,071	1,017	1,071	1,017
Commercial and Industrial [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		16	0	0	0
Provision for loan losses		21	0	38	0
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		37	0	37	0
Commercial and Industrial [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		1,102	1,077	922	803
Provision for loan losses		134	(56)	348	309
Loans charged-off		(136)	(11)	(177)	(141)
Recoveries		8	7	15	46
Allowance for loan losses, Balance, end of period		1,108	1,017	1,108	1,017
Loans
Ending balance		82,600		82,600		73,491
Construction Loans Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recoveries		6		0
Allowance for loan losses, Balance, end of period		1,504		1,504
Ending Balance: individually evaluated for impairment		0	8	0	8
Ending Balance: collectively evaluated for impairment		1,505	1,359	1,505	1,359
Loans
Ending balance: collectively evaluated for impairment		115,788	103,946	115,788	103,946
Ending balance: individually evaluated for impairment		499	863	499	863
Ending balance		116,287	104,809	116,287	104,809	107,688
Construction Loans Real Estate [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		1,511	1,313	1,386	1,103
Provision for loan losses		(13)	118	103	320
Loans charged-off		0	(69)	(2)	(69)
Recoveries			5	17	13
Allowance for loan losses, Balance, end of period		1,504	1,367	1,504	1,367
Construction Loans Real Estate [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		0	0	0	0
Provision for loan losses		0	0	0	0
Loans charged-off		0	0	0	0
Recoveries		0	0		0
Allowance for loan losses, Balance, end of period		0	0	0	0
Construction Loans Real Estate [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		1,511	1,313	1,386	1,103
Provision for loan losses		(13)	118	103	320
Loans charged-off		0	(69)	(2)	(69)
Recoveries		6	5	17	13
Allowance for loan losses, Balance, end of period		1,504	1,367	1,504	1,367
Loans
Ending balance		116,287		116,287		107,688
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		85	316	85	316
Ending Balance: collectively evaluated for impairment		3,128	2,585	3,128	2,585
Loans
Ending balance: collectively evaluated for impairment		255,732	237,886	255,732	237,886
Ending balance: individually evaluated for impairment		6,068	6,696	6,068	6,696
Ending balance		261,800	244,582	261,800	244,582	259,259
Commercial Real Estate [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		3,113	2,573	3,005	2,914
Provision for loan losses		102	388	321	65
Loans charged-off		(4)	(119)	(189)	(148)
Recoveries		2	59	76	70
Allowance for loan losses, Balance, end of period		3,213	2,901	3,213	2,901
Commercial Real Estate [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		0	57	0	0
Provision for loan losses		0	(57)	0	0
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		0	0	0	0
Commercial Real Estate [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		3,113	2,630	3,005	2,914
Provision for loan losses		102	331	321	65
Loans charged-off		(4)	(119)	(189)	(148)
Recoveries		2	59	76	70
Allowance for loan losses, Balance, end of period		3,213	2,901	3,213	2,901
Loans
Ending balance		261,800		261,800		259,259
Family Residential Real Estate 1 to 4 [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, end of period		788		788
Ending Balance: individually evaluated for impairment		15	59	15	59
Ending Balance: collectively evaluated for impairment		773	556	773	556
Loans
Ending balance: collectively evaluated for impairment		92,534	83,252	92,534	83,252
Ending balance: individually evaluated for impairment		1,291	2,537	1,291	2,537
Ending balance		93,825	85,789	93,825	85,789	87,955
Family Residential Real Estate 1 to 4 [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		772	602	605	630
Provision for loan losses		7	16	(107)	(69)
Loans charged-off		0	(26)	0	(26)
Recoveries		9	23	290	80
Allowance for loan losses, Balance, end of period		788	615	788	615
Family Residential Real Estate 1 to 4 [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		0	0	0	0
Provision for loan losses		0	0	0	0
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		0	0	0	0
Family Residential Real Estate 1 to 4 [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		772	602	605	630
Provision for loan losses		7	16	(107)	(69)
Loans charged-off		0	(26)	0	(26)
Recoveries		9	23	290	80
Allowance for loan losses, Balance, end of period		788	615	788	615
Loans
Ending balance		93,825		93,825		87,955
Home Equity Line of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, end of period		546		546
Ending Balance: individually evaluated for impairment		0	0	0	0
Ending Balance: collectively evaluated for impairment		545	632	545	632
Loans
Ending balance: collectively evaluated for impairment		40,727	37,723	40,727	37,723
Ending balance: individually evaluated for impairment		650	659	650	659
Ending balance		41,377	38,382	41,377	38,382	42,002
Home Equity Line of Credit [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		493	764	564	930
Provision for loan losses		60	(74)	(36)	(211)
Loans charged-off		(25)	(75)	(26)	(115)
Recoveries		9	8	35	19
Allowance for loan losses, Balance, end of period		537	623	537	623
Home Equity Line of Credit [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		9	9	9	0
Provision for loan losses		0	0	0	9
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		9	9	9	9
Home Equity Line of Credit [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		502	773	573	930
Provision for loan losses		60	(74)	(36)	(202)
Loans charged-off		(25)	(75)	(26)	(115)
Recoveries		9	8	35	19
Allowance for loan losses, Balance, end of period		546	632	546	632
Loans
Ending balance		41,377		41,377		42,002
Loans to Individuals and Overdrafts [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recoveries		4
Allowance for loan losses, Balance, end of period		0		0
Ending Balance: individually evaluated for impairment		0	1	0	1
Ending Balance: collectively evaluated for impairment		238	158	238	158
Loans
Ending balance: collectively evaluated for impairment		9,073	5,967	9,073	5,967
Ending balance: individually evaluated for impairment		0	1	0	1
Ending balance		9,073	5,968	9,073	5,968
Loans to Individuals and Overdrafts [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		169	153	137	185
Provision for loan losses		78	11	119	0
Loans charged-off		(13)	(11)	(31)	(46)
Recoveries		4	6	13	20
Allowance for loan losses, Balance, end of period		238	159	238	159
Loans to Individuals and Overdrafts [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		0	0	0	0
Provision for loan losses		0	0	0	0
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		0	0	0	0
Loans to Individuals and Overdrafts [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		169	153	137	185
Provision for loan losses		78	11	119	0
Loans charged-off		(13)	(11)	(31)	(46)
Recoveries			6	13	20
Allowance for loan losses, Balance, end of period		238	159	238	159
Loans
Ending balance		9,073		9,073		7,255
Multi Family Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, end of period		492		492
Ending Balance: individually evaluated for impairment		0	0	0	0
Ending Balance: collectively evaluated for impairment		492	341	492	341
Loans
Ending balance: collectively evaluated for impairment		47,526	43,506	47,526	43,506
Ending balance: individually evaluated for impairment		360	1,326	360	1,326
Ending balance		47,886	44,832	47,886	44,832	40,738
Multi Family Residential Real Estate [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		523	292	393	279
Provision for loan losses		(31)	49	99	(39)
Loans charged-off		0	0	0	(5)
Recoveries		0	0	0	106
Allowance for loan losses, Balance, end of period		492	341	492	341
Multi Family Residential Real Estate [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		0	2	0	0
Provision for loan losses		0	(2)	0	0
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		0	0	0	0
Multi Family Residential Real Estate [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		523	294	393	279
Provision for loan losses		(31)	47	99	(39)
Loans charged-off		0	0	0	(5)
Recoveries		0	0	0	106
Allowance for loan losses, Balance, end of period		492	$ 341	492	$ 341
Loans
Ending balance		$ 47,886		$ 47,886		$ 40,738
[1]	Derived from audited consolidated financial statements.

LOANS (Details Textual)

LOANS (Details Textual) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	$ 9,116	$ 10,041
Impaired Loans Required for Specific Reserves	2,800	1,500
With no related allowance, Recorded Investment	6,348	8,486
Increase (Decrease) in Finance Receivables	1,300	1,600
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	95,900
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Recorded Investment, Past Due, Total	431	142
Nonaccrual Impaired Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	4,900	6,600
Accrual Impaired Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	4,200	$ 3,400
Troubled Debt Restructurings [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	4,100		$ 6,400
Troubled Debt Restructuring Accrual Status [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	2,700		3,600
Troubled Debt Restructuring Nonaccrual Status [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	1,400		$ 2,900
Unused Lines of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Line of Credit Facility, Maximum Amount Outstanding During Period	$ 127,600

ACCUMULATED OTHER COMPREHENSI43

ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016		Sep. 30, 2015
Beginning balance	$ 1,178	$ 621	$ 490	[1]	$ 809
Unrealized gain (loss) on investment securities available for sale	(259)	595	840		523
Tax effect	97	(222)	(300)		(197)
Other comprehensive gain (loss) before reclassification	(162)	373	540		326
Amounts reclassified from accumulated comprehensive income:
Realized gains on investment securities included in net income	0	0	(22)		(219)
Tax effect	0	0	8		78
Total reclassifications net of tax	0	0	(14)		(141)
Net current period other comprehensive income (loss)	(162)	373	526		185
Ending balance	$ 1,016	$ 994	$ 1,016		$ 994
[1]	Derived from audited consolidated financial statements.

REPURCHASE AGREEMENTS (Details)

REPURCHASE AGREEMENTS (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Available-for-sale Securities, Total	$ 65,662	$ 80,709	[1]
Repurchase Agreements [Member]
Available-for-sale Securities, Total	10,277	12,149
Gross amount of recognized liabilities for repurchase agreements	10,277	12,149
Government agency [Member]
Available-for-sale Securities, Total	15,211	21,226
Government agency [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	4,409	4,206
Mortgage Back Securities [Member]
Available-for-sale Securities, Total	33,862	39,536
Mortgage Back Securities [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	5,868	7,943
Overnight and continuous [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	10,277	12,149
Overnight and continuous [Member] | Government agency [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	4,409	4,206
Overnight and continuous [Member] | Mortgage Back Securities [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	5,868	7,943
Maturity Less than 30 Days [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	0	0
Maturity Less than 30 Days [Member] | Government agency [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	0	0
Maturity Less than 30 Days [Member] | Mortgage Back Securities [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	0	0
Maturity 30 to 90 Days [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	0	0
Maturity 30 to 90 Days [Member] | Government agency [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	0	0
Maturity 30 to 90 Days [Member] | Mortgage Back Securities [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	0	0
Maturity Greater than 90 Days [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	0	0
Maturity Greater than 90 Days [Member] | Government agency [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	0	0
Maturity Greater than 90 Days [Member] | Mortgage Back Securities [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	$ 0	$ 0
[1]	Derived from audited consolidated financial statements.

REPURCHASE AGREEMENTS (Detail T

REPURCHASE AGREEMENTS (Detail Textual) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Securities Sold under Agreements to Repurchase [Member]
Available For Sale Securities Pledged As Collateral Carrying Value	$ 10.3	$ 12.1

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016		Sep. 30, 2015
Schedule Of Real Estate Owned Properties [Line Items]
Beginning balance January 1	$ 1,401	[1]	$ 1,585
Sales	(1,831)		(560)
Writedowns	(164)		(117)
Transfers	1,142		99
Ending balance	$ 548		$ 1,007
[1]	Derived from audited consolidated financial statements.

OTHER REAL ESTATE OWNED (Deta47

OTHER REAL ESTATE OWNED (Details Textual) - USD ($)	Sep. 30, 2016	Dec. 31, 2015		Sep. 30, 2015	Dec. 31, 2014
Schedule Of Real Estate Owned Properties [Line Items]
Real Estate Acquired Through Foreclosure	$ 548,000	$ 1,401,000	[1]	$ 1,007,000	$ 1,585,000
Consumer Loan [Member]
Schedule Of Real Estate Owned Properties [Line Items]
Mortgage Loans in Process of Foreclosure, Amount	$ 436,000	$ 0
[1]	Derived from audited consolidated financial statements.