Chicopee Bancorp 10-Q 10 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 03, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	CHICOPEE BANCORP, INC.
Entity Central Index Key	1,355,786
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Trading Symbol	CBNK
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		5,222,339

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 10,560	$ 9,975
Federal funds sold	5,440	4,613
Interest-bearing deposits with the Federal Reserve Bank of Boston	22,855	13,641
Total cash and cash equivalents	38,855	28,229
Securities available-for-sale, at fair value	423	426
Securities held-to-maturity, at cost (fair value of $31,993 at March 31, 2016 and $32,935 at December 31, 2015)	31,908	32,229
Federal Home Loan Bank stock, at cost	4,225	4,764
Loans, net of allowance for loan losses of $5,684 at March 31, 2016 and $5,615 at December 31, 2015	585,006	580,959
Loans held for sale	219	296
Other real estate owned	1,144	1,435
Mortgage servicing rights	179	192
Bank owned life insurance	14,966	14,881
Premises and equipment, net	8,445	8,509
Accrued interest and dividends receivable	1,710	1,668
Deferred income tax asset	3,781	3,780
Other assets	1,381	1,206
Total assets	692,242	678,574
Deposits
Demand deposits	115,357	102,424
NOW accounts	47,329	45,228
Savings accounts	54,355	52,359
Money market deposit accounts	116,414	116,226
Certificates of deposit	194,626	190,872
Total deposits	528,081	507,109
Federal Home Loan Bank of Boston advances	73,645	81,330
Accrued expenses and other liabilities	689	861
Total liabilities	602,415	589,300
Stockholders' equity
Common stock (no par value, 20,000,000 shares authorized, 7,439,368 shares issued; 5,222,339 and 5,210,739 shares outstanding at March 31, 2016 and December 31, 2015, respectively)	72,479	72,479
Treasury stock, at cost (2,217,029 and 2,228,629 shares at March 31, 2016 and December 31, 2015, respectively)	(30,169)	(30,327)
Additional paid-in-capital	4,204	4,111
Unearned compensation (restricted stock awards)	0	(1)
Unearned compensation (Employee Stock Ownership Plan)	(2,902)	(2,976)
Retained earnings	46,180	45,951
Accumulated other comprehensive income	35	37
Total stockholders' equity	89,827	89,274
Total liabilities and stockholders' equity	$ 692,242	$ 678,574

CONSOLIDATED STATEMENTS OF FIN3

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Held-to-maturity securities, fair value	$ 31,993	$ 32,935
Loans receivable, allowance for loan losses	$ 5,684	$ 5,615
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	7,439,368	7,439,368
Common stock, outstanding (in shares)	5,222,339	5,210,739
Treasury stock (in shares)	2,217,029	2,228,629

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest and dividend income:
Loans, including fees	$ 6,053	$ 5,604
Interest and dividends on securities	388	376
Interest on other interest-earning assets	32	19
Total interest and dividend income	6,473	5,999
Interest expense:
Deposits	727	713
Federal Home Loan Bank of Boston advances	306	263
Total interest expense	1,033	976
Net interest income	5,440	5,023
Provision for loan losses	55	400
Net interest income, after provision for loan losses	5,385	4,623
Non-interest income:
Service charges, fees and commissions	589	515
Net loan sales and servicing	75	39
Net gain on sale of other real estate owned	1	0
Other real estate owned writedowns	(104)	0
Increase in cash surrender value of bank owned life insurance	85	88
Total non-interest income	646	642
Non-interest expenses:
Salaries and employee benefits	2,708	2,535
Occupancy expenses	420	475
Furniture and equipment	153	181
FDIC insurance and assessment	107	123
Data processing services	398	366
Professional fees	211	178
Advertising expense	160	145
Stationery, supplies and postage	87	75
Foreclosure expense	85	159
Other non-interest expense	714	633
Total non-interest expenses	5,043	4,870
Income before income taxes	988	395
Income tax expense	290	82
Net income	$ 698	$ 313
Earnings per share:
Basic (in dollars per share)	$ 0.14	$ 0.06
Diluted (in dollars per share)	$ 0.14	$ 0.06
Adjusted weighted average shares outstanding:
Basic (in shares)	4,915,028	4,942,636
Diluted (in shares)	5,027,846	5,012,777

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 698	$ 313
Other comprehensive loss, net of tax
Unrealized holding losses arising during period on available-for-sale securities	(3)	(15)
Tax effect	1	6
Total other comprehensive loss, net of tax	(2)	(9)
Total comprehensive income	$ 696	$ 304

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Unearned Compensation(restricted stock awards)	Unearned Compensation (Employee Stock Ownership Plan)	Retained Earnings	Accumulated Other Comprehensive Income
Beginning Balance at Dec. 31, 2014	$ 88,134	$ 72,479	$ (29,119)	$ 3,595	$ (7)	$ (3,273)	$ 44,430	$ 29
Comprehensive income:
Net income	313						313
Change in net unrealized gain on available-for-sale securities (net of deferred income taxes)	(9)							(9)
Total comprehensive income	304
Stock option expense	22			22
Change in unearned compensation:
Restricted stock award expense	1				1
Common stock held by ESOP committed to be released	123			48		75
Cash dividends declared	(369)						(369)
Ending Balance at Mar. 31, 2015	88,215	72,479	(29,119)	3,665	(6)	(3,198)	44,374	20
Beginning Balance at Dec. 31, 2015	89,274	72,479	(30,327)	4,111	(1)	(2,976)	45,951	37
Comprehensive income:
Net income	698						698
Change in net unrealized gain on available-for-sale securities (net of deferred income taxes)	(2)							(2)
Total comprehensive income	696
Stock option expense	26			26
Stock options exercised	166		158	8
Change in unearned compensation:
Restricted stock award expense	1				1
Common stock held by ESOP committed to be released	133			59		74
Cash dividends declared	(469)						(469)
Ending Balance at Mar. 31, 2016	$ 89,827	$ 72,479	$ (30,169)	$ 4,204	$ 0	$ (2,902)	$ 46,180	$ 35

CONSOLIDATED STATEMENTS OF CHA7

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Stockholders' Equity [Abstract]
Unrealized gain on available-for-sale securities, tax	$ 1	$ 6
Stock options exercised, shares	11,600
Cash dividends declared (in dollars per share)	$ 0.09	$ 0.07

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 698	$ 313
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	171	183
Loss on disposal of premises and equipment	12	0
Provision for loan losses	55	400
Increase in cash surrender value of bank owned life insurance	(85)	(88)
Change in mortgage servicing rights	13	27
Net loss on other real estate owned	103	0
Loans originated for sale	(1,565)	(552)
Proceeds from loan sales	1,670	339
Realized gains on sales of mortgage loans	(28)	(5)
(Increase) decrease in other assets	(175)	27
Increase in accrued interest and dividends receivable	(42)	(60)
Decrease in other liabilities	(172)	(117)
Change in unearned compensation	134	124
Stock option expense	26	22
Net cash provided by operating activities	815	613
Cash flows from investing activities:
Purchase of premises and equipment	(119)	(105)
Loan originations, net of principal payments	(4,102)	(20,970)
Proceeds from sales of other real estate owned	188	185
Proceeds from principal paydowns of held-to-maturity securities	321	323
Redemption (purchase) of Federal Home Loan Bank stock	539	(377)
Net cash used by investing activities	(3,173)	(20,944)
Cash flows from financing activities:
Net increase in deposits	20,972	5,149
Proceeds from long-term FHLB advances	0	23,500
Repayments of long-term FHLB advances	(7,685)	(7,002)
Cash dividends paid on common stock	(469)	(369)
Stock options exercised	166	0
Net cash provided by financing activities	12,984	21,278
Net increase in cash and cash equivalents	10,626	947
Cash and cash equivalents at beginning of period	28,229	49,769
Cash and cash equivalents at end of period	38,855	50,716
Supplemental cash flow information:
Interest paid on deposits	727	713
Interest paid on borrowings	316	246
Income taxes paid	$ 8	$ 4

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Chicopee Bancorp, Inc. (the “Corporation”) has no significant assets other than all of the outstanding shares of its wholly-owned subsidiaries, Chicopee Savings Bank (the “Bank”) and Chicopee Funding Corporation (collectively, the “Company”). The Corporation was formed on March 14, 2006 and became the holding company for the Bank upon completion of the Bank’s conversion from a mutual savings bank to a stock savings bank. The conversion of the Bank was completed on July 19, 2006. The accounts of the Bank include its wholly-owned subsidiaries and a 99% owned subsidiary. The consolidated financial statements of the Company as of March 31, 2016 and for the periods ended March 31, 2016 and 2015 included herein are unaudited. In the opinion of management, all adjustments, consisting only of normal recurring adjustments necessary for a fair presentation of the financial condition, results of operations, changes in stockholders’ equity and cash flows, as of and for the periods covered herein, have been made. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2015 included in the Company’s Annual Report on Form 10-K. The results for the three months ended March 31, 2016 are not necessarily indicative of the operating results for a full year.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share represents income available to common stockholders divided by the adjusted weighted-average number of common shares outstanding during the period. The adjusted outstanding common shares equals the gross number of common shares issued less average treasury shares, unallocated shares of the Chicopee Savings Bank Employee Stock Ownership Plan (“ESOP”), and average dilutive restricted stock awards under the 2007 Equity Incentive Plan. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued by the Company relate to outstanding stock options and certain stock awards and are determined using the treasury stock method. Earnings per share have been computed based on the following: Three Months Ended March 31, ($ in thousands, except share data ) 2016 2015 Net income $ 698 $ 313 Average number of shares issued 7,439,368 7,439,368 Less: average number of treasury shares (2,226,462 ) (2,168,698 ) Less: average number of unallocated ESOP shares (297,575 ) (327,332 ) Less: average number of outstanding restricted stock awards (303 ) (702 ) Adjusted weighted average number of common shares outstanding 4,915,028 4,942,636 Plus: dilutive outstanding restricted stock awards 273 336 Plus: dilutive outstanding stock options 112,545 69,805 Weighted average number of diluted shares outstanding 5,027,846 5,012,777 Net income per share: Basic-common stock $ 0.14 $ 0.06 Basic-unvested share-based payment awards $ 0.14 $ 0.06 Diluted-common stock $ 0.14 $ 0.06 Diluted-unvested share-based payment awards $ 0.14 $ 0.06 There were 73,000 stock options that were not included in the calculation of diluted earnings per share for the three months ended March 31, 2016 because the effect was anti-dilutive. There were 92,000 stock options that were not included in the calculation of diluted earnings per share for the three months ended March 31, 2015 because the effect was anti-dilutive.

Equity Incentive Plan

Equity Incentive Plan	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity Incentive Plan	Equity Incentive Plan Stock Options The Company’s 2007 Equity Incentive Plan (the “Plan”) was approved by the Company’s stockholders at the annual meeting of the Company’s stockholders on May 30, 2007. The Plan provides that the Company may grant options to directors, officers and employees for up to 743,936 shares of common stock. Both incentive stock options and non-qualified stock options may be granted under the Plan. The exercise price for each option is equal to the market price of the Company’s stock on the date of grant and the maximum term of each option is ten years . The stock options vest over five years in five equal installments on each anniversary of the date of grant. The Company recognizes compensation expense over the vesting period, based on the grant-date fair value of the options granted. The fair value of each option granted is estimated on the date of grant using the Black-Scholes option-pricing model. There were no stock options granted during the three month periods ended March 31, 2016 or 2015. A summary of options under the Plan as of March 31, 2016 , and changes during the three months ended March 31, 2016 , is as follows: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (000's) Outstanding at December 31, 2015 646,098 $ 14.55 2.79 $ 1,800 Exercised (11,600 ) 14.29 1.32 43 Forfeited or expired — — — — Outstanding at March 31, 2016 634,498 $ 14.56 2.56 $ 1,955 Exercisable at March 31, 2016 588,897 $ 14.45 2.25 $ 1,880 Exercisable at March 31, 2015 572,897 $ 14.39 3.00 $ 1,408 The weighted-average grant-date fair value of the options outstanding and exercisable at March 31, 2016 was $3.81 and $3.83 , respectively. For the three months ended March 31, 2016 , share based compensation expense applicable to options granted under the Plan was $26,000 . For the three months ended March 31, 2015 , share based compensation expense applicable to options granted under the Plan was $22,000 . As of March 31, 2016 , unrecognized stock-based compensation expense related to non-vested options amounted to $135,000 . This amount is expected to be recognized over a period of 1.52 years. Stock Awards The Plan provides that the Company may grant stock awards to its directors, officers and employees for up to 297,574 shares of common stock. The stock awards vest 20% per year beginning on the first anniversary of the date of grant. The fair market value of the stock awards, based on the market price at the date of grant, is recorded as unearned compensation. Unearned compensation is amortized over the applicable vesting period. The Company recorded compensation cost related to stock awards of approximately $1,000 for each of the three month periods ended March 31, 2016 and 2015. There were no stock awards granted prior to July 1, 2007. There were no stock awards granted by the Company during the three months ended March 31, 2016 and 2015. The Company granted 2,000 stock awards during the year ended December 31, 2011 with a grant price of $14.08 . As of March 31, 2016 , there was no unrecognized stock-based compensation expense related to non-vested restricted stock awards. A summary of the status of the Company’s stock awards as of March 31, 2016 , and changes during the three months ended March 31, 2016 , is as follows: Nonvested Shares Number of Shares Weighted Average Grant-Date Fair Value Outstanding at December 31, 2015 400 $ 14.08 Vested 400 14.08 Outstanding at March 31, 2016 — $ —

Long-term Incentive Plan

Long-term Incentive Plan	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Long-term Incentive Plan	Long-term Incentive Plan On March 13, 2012, the Company adopted the Chicopee Bancorp, Inc. 2012 Phantom Stock Unit Award and Long-Term Incentive Plan (the “Phantom Stock Plan”), effective January 1, 2012, to promote the long-term financial success of the Company and its subsidiaries by providing a means to attract, retain and reward individuals who contribute to such success and to further align their interest with those of the Company’s stockholders. A total of 150,000 phantom stock units are available for awards under the Phantom Stock Plan. The only awards that may be granted under the Phantom Stock Plan are Phantom Stock Units. A Phantom Stock Unit represents the right to receive a cash payment on the determination date equal to the book value of a share of the Company’s stock on the determination date. The settlement of a Phantom Stock Unit on the determination date shall be in cash. Unless the Compensation Committee of the Board of Directors of the Company determines otherwise, the required period of service for full vesting will be three years . The Company's total expense under the Phantom Stock Plan for the three months ended March 31, 2016 and 2015 , was $41,000 and $7,000 , respectively. There were 11,365 phantom stocks granted during the three months ended March 31, 2016. There were no phantom stock units granted during the three months ended March 31, 2015. As of March 31, 2016 and December 31, 2015 , 25,673 and 14,308 phantom stock units were outstanding.

Recent Accounting Pronouncement

Recent Accounting Pronouncements (Applicable to the Company)	3 Months Ended
	Mar. 31, 2016
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements (Applicable to the Company)	Recent Accounting Pronouncements (Applicable to the Company) In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606). The ASU was issued to clarify the principles for recognizing revenue and to develop a common revenue standard. The effective date for this ASU was deferred to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The Company is currently evaluating the potential impact of the ASU on its consolidated financial statements. In June 2014, FASB issued ASU No. 2014-12, Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. The ASU was issued because current U.S. GAAP does not contain explicit guidance on how to account for share-based payments when a performance target could be achieved after the requisite service period. The ASU was effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. The ASU did not have a material effect on the Company's consolidated financial statements. In January 2016, FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities . The ASU was issued to enhance the reporting model for financial instruments to provide users of financial statements with more decision-useful information. This ASU changes how entities account for equity investments that do not result in consolidation and are not accounted for under the equity method of accounting. The ASU also changes certain disclosure requirements and other aspects of U.S. GAAP, including a requirement for public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. The ASU is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The ASU will not have a material effect on the Company’s consolidated financial statements. In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842). The ASU was issued to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact of the adoption of the ASU on its consolidated financial statements. In March 2016, FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . The ASU was issued to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The ASU is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of the ASU on its consolidated financial statements.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities The following tables set forth, at the dates indicated, information regarding the amortized cost and fair value, with gross unrealized gains and losses, of the Company's investment securities: March 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Available-for-sale securities: Marketable equity securities $ 369 $ 54 $ — $ 423 Total available-for-sale securities $ 369 $ 54 $ — $ 423 Held-to-maturity securities: Corporate and industrial revenue bonds $ 31,752 $ 81 $ — $ 31,833 Collateralized mortgage obligations 156 4 — 160 Total held-to-maturity securities $ 31,908 $ 85 $ — $ 31,993 Non-marketable securities: Federal Home Loan Bank stock $ 4,225 $ — $ — $ 4,225 Banker's Bank Northeast stock 183 — — 183 Total non-marketable securities $ 4,408 $ — $ — $ 4,408 December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Available-for-sale securities: Marketable equity securities $ 369 $ 57 $ — $ 426 Total available-for-sale securities $ 369 $ 57 $ — $ 426 Held-to-maturity securities: Corporate and industrial revenue bonds $ 32,029 $ 700 $ — $ 32,729 Collateralized mortgage obligations 200 6 — 206 Total held-to-maturity securities $ 32,229 $ 706 $ — $ 32,935 Non-marketable securities: Federal Home Loan Bank stock $ 4,764 $ — $ — $ 4,764 Banker's Bank Northeast stock 183 — — 183 Total non-marketable securities $ 4,947 $ — $ — $ 4,947 The amortized cost and estimated fair value of debt securities by contractual maturity at March 31, 2016 are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without prepayment penalties. The collateralized mortgage obligations are allocated to maturity categories according to final maturity date. Held-to-maturity Amortized Cost Fair Value (In Thousands) Due in one year or less $ — $ — Due after one year through five years 7,848 8,067 Due after five years through ten years — — Due after ten years 24,060 23,926 Total $ 31,908 $ 31,993 There were no sales of available-for-sale securities during the three months ended March 31, 2016 and 2015. Management conducts, at least on a monthly basis, a review of its investment portfolio including available-for-sale and held-to-maturity securities to determine if the fair value of any security has declined below its cost or amortized cost and whether such security is other-than-temporarily impaired. Unrealized Losses on Investment Securities There were no continuous unrealized losses as of March 31, 2016 and December 31, 2015 . Non-Marketable Securities The Company is a member of the Federal Home Loan Bank of Boston (“FHLB”). The FHLB is a cooperatively owned wholesale bank for housing and finance in the six New England States. Its mission is to support the residential mortgage and community development lending activities of its members, which include over 450 financial institutions across New England. As a requirement of membership in the FHLB, the Company must own a minimum required amount of FHLB stock, calculated periodically based primarily on the Company’s level of borrowings from the FHLB. The Company uses the FHLB for much of its wholesale funding needs. The Company’s investment in FHLB stock totaled $4.2 million and $4.8 million at March 31, 2016 and December 31, 2015 , respectively. FHLB stock is a non-marketable equity security and therefore is reported at cost, which equals par value. Shares held in excess of the minimum required amount are generally redeemable at par value. For each of the three months ended March 31, 2016 and 2015, the Company received $41,000 and $17,000 , respectively, in dividend income from its FHLB stock investment. The Company periodically evaluates its investment in FHLB stock for impairment based on, among other factors, the capital adequacy of the FHLB and its overall financial condition. There have not been any impairment losses recorded through March 31, 2016 and the Company will continue to monitor its FHLB stock investment. Banker’s Bank Northeast (BBN) stock is reported under other assets in the consolidated statement of financial condition and is carried at cost. The BBN stock investment is evaluated for impairment based on an estimate of the ultimate recovery to par value. As of March 31, 2016 and December 31, 2015 , the Company’s investment in BBN totaled $183,000 . There have not been any impairment losses recorded through March 31, 2016 and the Company will continue to monitor its BBN stock investment.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Loans and Allowance for Loan Losses	Loans and Allowance for Loan Losses The following table sets forth the composition of the Company’s loan portfolio in dollar amounts and as a percentage of the total loan portfolio at the dates indicated. March 31, 2016 December 31, 2015 Amount Percent of Total Amount Percent of Total (Dollars In Thousands) Real estate loans: Residential $ 132,284 22.4 % $ 127,610 21.8 % Home equity 39,635 6.7 % 39,554 6.8 % Commercial 289,213 49.1 % 287,849 49.1 % Total 461,132 78.2 % 455,013 77.7 % Construction-residential 7,737 1.3 % 8,490 1.5 % Construction-commercial 47,406 8.1 % 48,128 8.2 % Total 55,143 9.4 % 56,618 9.7 % Total real estate loans 516,275 87.6 % 511,631 87.4 % Consumer loans 2,447 0.4 % 2,516 0.4 % Commercial and industrial loans 71,061 12.0 % 71,530 12.2 % Total loans 589,783 100.0 % 585,677 100.0 % Deferred loan origination costs, net 907 897 Allowance for loan losses (5,684 ) (5,615 ) Loans, net $ 585,006 $ 580,959 The Company has transferred a portion of its originated commercial real estate and commercial loans to participating lenders. The amounts transferred have been accounted for as sales and therefore not included in the Company’s consolidated statements of financial condition. The Company and participating lenders share proportionally, based on participating agreements, any gains or losses that may result from the borrowers lack of compliance with the terms of the loan. The Company continues to service the loans on behalf of the participating lenders. At March 31, 2016 and December 31, 2015 , the Company was servicing loans for participating lenders totaling $22.3 million and $23.7 million , respectively. In accordance with the Company’s asset/liability management strategy and in an effort to reduce interest rate risk, the Company continues to sell fixed rate, low coupon residential real estate loans to the secondary market. The Company sold $1.6 million and $334,000 in residential real estate loans to the secondary market during the three month periods ended March 31, 2016 and 2015, respectively. The unpaid principal balance of residential real estate loans serviced for others was $80.7 million at March 31, 2016 and $82.1 million at December 31, 2015 . Management expects to continue to retain servicing rights on all loans written and sold in the secondary market. Credit Quality To evaluate the risk in the loan portfolio, internal credit risk ratings are used for the following loan classes: commercial real estate, commercial construction and commercial and industrial. The risks evaluated in determining an adequate credit risk rating include the financial strength of the borrower and the collateral securing the loan. Commercial loans, including commercial and industrial, commercial real estate and commercial construction loans, are rated from one through nine. Credit risk ratings one through five are considered pass ratings. Classified assets include credit risk ratings of special mention through loss. At least quarterly, classified loans are reviewed by management and by an independent third party. Credit risk ratings are updated as soon as information is obtained that indicates a change in the credit risk rating may be warranted. Residential real estate and residential construction loans are categorized into performing and nonperforming risk ratings. They are considered nonperforming when they are 90 days past due or have not returned to accrual status. Nonperforming residential loans are individually evaluated for impairment. Consumer loans are considered nonperforming when they are 90 days past due or have not returned to accrual status. Consumer loans are not individually evaluated for impairment. Home equity loans are considered nonperforming when they are 90 days past due or have not returned to accrual status. Each nonperforming home equity loan is individually evaluated for impairment. The following describes the credit risk ratings for classified assets: Special mention. Assets that do not currently expose the Company to sufficient risk to warrant classification in one of the following categories but possess potential weaknesses. Substandard. Assets that have one or more defined weaknesses and are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Non-accruing loans are typically classified as substandard. Doubtful. Assets that have the weaknesses of substandard assets with the additional characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions and values questionable, and there is a high possibility of loss. Loss. Assets rated in this category are considered uncollectible and are charged off against the allowance for loan losses. The following table presents an analysis of total loans segregated by risk rating and segment as of March 31, 2016 : Commercial Credit Risk Exposure Commercial and Industrial Commercial Construction Commercial Real Estate Total (In Thousands) Pass $ 63,423 $ 42,008 $ 277,207 $ 382,638 Special mention 3,033 5,185 8,031 16,249 Substandard 4,605 213 3,975 8,793 Total commercial loans $ 71,061 $ 47,406 $ 289,213 $ 407,680 Residential Credit Risk Exposure Residential Real Estate Residential Construction Total (In Thousands) Performing $ 127,966 $ 7,737 $ 135,703 Nonperforming 4,318 — 4,318 Total residential loans (1) $ 132,284 $ 7,737 $ 140,021 Consumer Credit Risk Exposure Consumer Home Equity Total (In Thousands) Performing $ 2,447 $ 39,397 $ 41,844 Nonperforming — 238 238 Total consumer loans $ 2,447 $ 39,635 $ 42,082 (1) At March 31, 2016, the Company had a total of $323,000 in residential real estate loans in the process of foreclosure. The following table presents an analysis of total loans segregated by risk rating and segment as of December 31, 2015 : Commercial Credit Risk Exposure Commercial and Industrial Commercial Construction Commercial Real Estate Total (In Thousands) Pass $ 63,499 $ 42,585 $ 275,628 $ 381,712 Special mention 4,163 5,330 8,454 17,947 Substandard 3,868 213 3,767 7,848 Total commercial loans $ 71,530 $ 48,128 $ 287,849 $ 407,507 Residential Credit Risk Exposure Residential Real Estate Residential Construction Total (In Thousands) Performing $ 123,697 $ 8,490 $ 132,187 Nonperforming 3,913 — 3,913 Total residential loans $ 127,610 $ 8,490 $ 136,100 Consumer Credit Risk Exposure Consumer Home Equity Total (In Thousands) Performing $ 2,516 $ 39,366 $ 41,882 Nonperforming — 188 188 Total consumer loans $ 2,516 $ 39,554 $ 42,070 Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general and allocated components, as further described below. Loans charged off Commercial and industrial loans. Loans past due more than 120 days are considered for one of three options: charge off the balance of the loan, charge off any excess balance over the fair value of the collateral securing the loan, or continue collection efforts subject to a monthly review until either the balance is collected or a charge-off recommendation can be reasonably made. Commercial real estate loans. Commercial real estate loans that are delinquent 90 days or more or are on nonaccrual status are classified nonperforming. An updated appraisal may be obtained when the loan is 90 days or more delinquent. Any outstanding balance in excess of the fair value of the property, less cost to sell, may be charged-off against the allowance for loan losses. Residential loans. In general, one-to-four family residential loans and home equity loans that are delinquent 90 days or more or are on nonaccrual status are classified nonperforming. An updated appraisal is obtained when the loan is 90 days or more delinquent. Any outstanding balance in excess of the fair value of the property, less cost to sell, is charged-off against the allowance for loan losses. Consumer loans. Generally all loans are automatically considered for charge-off at 90 to 120 days from the contractual due date, unless there is liquid collateral in hand sufficient to repay principal and interest in full. General Component The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors stratified by the following portfolio segments: residential real estate, residential construction, commercial real estate, commercial and industrial, commercial construction, consumer and home equity. Management uses an average of historical losses based on a time frame appropriate to capture relevant loss data for each portfolio segment. Management deems 48 months to be an appropriate time frame on which to base historical losses for each portfolio segment. This historical loss factor is adjusted for qualitative factors for each portfolio segment including, but not limited to: levels/trends in delinquencies; trends in volume and terms of loans; effects of changes in risk selection and changes in lending policies, experience, ability, depth of lending management and staff; and national and local economic conditions. Management follows a similar process to estimate its liability for off-balance-sheet commitments to extend credit. The qualitative factors are determined based on the various risk characteristics of each portfolio segment. Risk characteristics relevant to each portfolio segment are as follows: Residential real estate loans enable the borrower to purchase or refinance existing homes, most of which serve as the primary residence of the owner. Repayment is dependent on the credit quality of the borrower. Factors attributable to failure of repayment may include a weakened economy and/or unemployment, as well as possible personal considerations. While management anticipates adjustable-rate mortgages will better offset the potential adverse effects of an increase in interest rates as compared to fixed-rate mortgages, the increased mortgage payments required of adjustable-rate loan borrowers in a rising interest rate environment could cause an increase in delinquencies and defaults. The marketability of the underlying property also may be adversely affected in a high interest rate environment. Commercial real estate loans are secured by commercial real estate and residential investment real estate and generally have larger balances and involve a greater degree of risk than one- to four-family residential mortgage loans. Risks in commercial real estate and residential investment lending are borrower’s creditworthiness and the feasibility and cash flow potential of the project. Payments on loans secured by income properties often depend on successful operation and management of the properties. As a result, repayment of such loans may be subject to a greater extent than residential real estate loans to adverse conditions in the real estate market or the economy. Commercial and residential construction loans are generally considered to involve a higher degree of risk of loss than long-term financing on improved, occupied real estate. Risk of loss on a construction loan depends largely upon the accuracy of the initial estimate of the property’s value at completion of construction and the estimated cost (including interest) of construction. Commercial and industrial loans are of higher risk and typically are made on the basis of the borrower’s ability to make repayment from the cash flow of the borrower’s business. As a result, the availability of funds for the repayment of commercial loans may depend substantially on the success of the business itself as well as national and local economic conditions. Further, any collateral securing such loans may depreciate over time, may be difficult to appraise and may fluctuate in value. Consumer and home equity loans may entail greater risk than do residential mortgage loans, particularly in the case of consumer loans that are unsecured or secured by assets that depreciate rapidly. In such cases, repossessed collateral for a defaulted consumer loan may not provide an adequate source of repayment for the outstanding loan and the remaining deficiency often does not warrant further substantial collection efforts against the borrower. In addition, consumer loan collections depend on the borrower’s continuing financial stability, and therefore are more likely to be adversely affected by job loss, divorce, illness or personal bankruptcy. Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount that can be recovered on such loans. The Company does not disaggregate its portfolio segments into loan classes. Allocated Component The allocated component relates to loans that are classified as impaired. Impairment is measured on a loan by loan basis for residential real estate, home equity loans, commercial real estate and commercial loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance is established when the discounted cash flows or collateral value of the impaired loan is lower than the carrying value of that loan. The Company recognizes the change in present value attributable to the passage of time as provision for loan losses. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment, and the resulting allowance is reported as the general component, as described above. Loans are considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Company may periodically agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring ("TDR"). All TDRs are classified as impaired. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer loans for impairment evaluation, except for home equity loans. During the three months ended March 31, 2016 , there were no changes in the Company's allowance methodology related to the qualitative or quantitative factors. The following table presents the allowance for loan losses and select loan information as of and for the three months ended March 31, 2016 : Residential Real Estate Residential Construction Commercial Real Estate Commercial Construction Commercial and Industrial Consumer Loans Home Equity Total Allowance for loan losses (In Thousands) Balance as of December 31, 2015 $ 658 $ 89 $ 3,012 $ 783 $ 856 $ 31 $ 186 $ 5,615 Provision for (reduction of) loan losses 54 (8 ) 25 (11 ) (16 ) 5 6 55 Recoveries 18 — — — 1 7 3 29 Loans charged off — — — — — (15 ) — (15 ) Balance as of March 31, 2016 $ 730 $ 81 $ 3,037 $ 772 $ 841 $ 28 $ 195 $ 5,684 Allowance for loan losses Collectively evaluated for impairment $ 566 $ 81 $ 3,017 $ 772 $ 743 $ 28 $ 185 $ 5,392 Individually evaluated for impairment 164 — 20 — 98 — 10 292 Total ending balance $ 730 $ 81 $ 3,037 $ 772 $ 841 $ 28 $ 195 $ 5,684 Total loans Collectively evaluated for impairment $ 127,967 $ 7,737 $ 287,870 $ 47,193 $ 68,460 $ 2,447 $ 39,397 $ 581,071 Individually evaluated for impairment 4,317 — 1,343 213 2,601 — 238 8,712 Total ending balance $ 132,284 $ 7,737 $ 289,213 $ 47,406 $ 71,061 $ 2,447 $ 39,635 $ 589,783 The following table presents the allowance for loan losses and select loan information as of and for the year ended December 31, 2015 : Residential Real Estate Residential Construction Commercial Real Estate Commercial Construction Commercial and Industrial Consumer Loans Home Equity Total Allowance for loan losses (In Thousands) Balance as of December 31, 2014 $ 486 $ 107 $ 2,699 $ 568 $ 879 $ 35 $ 153 $ 4,927 Provision for (reduction of) loan losses 306 (18 ) 403 177 4 24 45 941 Recoveries 27 — 3 38 12 29 4 113 Loans charged off (161 ) — (93 ) — (39 ) (57 ) (16 ) (366 ) Balance as of December 31, 2015 $ 658 $ 89 $ 3,012 $ 783 $ 856 $ 31 $ 186 $ 5,615 Allowance for loan losses Collectively evaluated for impairment $ 513 $ 89 $ 2,988 $ 783 $ 746 $ 31 $ 185 $ 5,335 Individually evaluated for impairment 145 — 24 — 110 — 1 280 Total ending balance $ 658 $ 89 $ 3,012 $ 783 $ 856 $ 31 $ 186 $ 5,615 Total loans Collectively evaluated for impairment $ 123,697 $ 8,490 $ 286,519 $ 47,915 $ 68,765 $ 2,516 $ 39,366 $ 577,268 Individually evaluated for impairment 3,913 — 1,330 213 2,765 — 188 8,409 Total ending balance $ 127,610 $ 8,490 $ 287,849 $ 48,128 $ 71,530 $ 2,516 $ 39,554 $ 585,677 The following table presents the allowance for loan losses and select loan information as of and for the three months ended March 31, 2015 : Residential Real Estate Residential Construction Commercial Real Estate Commercial Construction Commercial and Industrial Consumer Loans Home Equity Total Allowance for loan losses (In Thousands) Balance as of December 31, 2014 $ 486 $ 107 $ 2,699 $ 568 $ 879 $ 35 $ 153 $ 4,927 Provision for (reduction of) loan losses 145 (7 ) 152 83 24 5 (2 ) 400 Recoveries — — 1 — — 7 1 9 Loans charged off (85 ) — (3 ) — (53 ) (11 ) — (152 ) Balance as of March 31, 2015 $ 546 $ 100 $ 2,849 $ 651 $ 850 $ 36 $ 152 $ 5,184 Allowance for loan losses Collectively evaluated for impairment $ 499 $ 100 $ 2,816 $ 651 $ 818 $ 36 $ 149 $ 5,069 Individually evaluated for impairment 47 — 33 — 32 — 3 115 Total ending balance $ 546 $ 100 $ 2,849 $ 651 $ 850 $ 36 $ 152 $ 5,184 Total loans Collectively evaluated for impairment $ 116,054 $ 7,545 $ 270,053 $ 34,801 $ 69,313 $ 2,561 $ 33,983 $ 534,310 Individually evaluated for impairment 4,042 — 2,007 2,167 1,780 — 346 10,342 Total ending balance $ 120,096 $ 7,545 $ 272,060 $ 36,968 $ 71,093 $ 2,561 $ 34,329 $ 544,652 Impairment The following table presents a summary of information pertaining to impaired loans by segment as of and for the three months ended March 31, 2016 : Recorded Investment Unpaid Balance Average Recorded Investment Related Allowance Interest Income Recognized (In Thousands) Impaired loans without a valuation allowance: Residential real estate $ 2,425 $ 2,600 $ 2,343 $ — $ 26 Residential construction — — — — — Commercial real estate 925 1,575 917 — 10 Commercial construction 213 213 213 — 3 Commercial and industrial 2,115 2,115 2,185 — 22 Consumer — — — — — Home equity 161 161 140 — 1 Total $ 5,839 $ 6,664 $ 5,798 $ — $ 62 Impaired loans with a valuation allowance: Residential real estate $ 1,892 $ 1,892 $ 1,772 $ 164 $ 25 Residential construction — — — — — Commercial real estate 418 418 420 20 6 Commercial construction — — — — — Commercial and industrial 486 486 498 98 7 Consumer — — — — — Home equity 77 77 73 10 — Total $ 2,873 $ 2,873 $ 2,763 $ 292 $ 38 Total impaired loans: Residential real estate $ 4,317 $ 4,492 $ 4,115 $ 164 $ 51 Residential construction — — — — — Commercial real estate 1,343 1,993 1,337 20 16 Commercial construction 213 213 213 — 3 Commercial and industrial 2,601 2,601 2,683 98 29 Consumer — — — — — Home equity 238 238 213 10 1 Total $ 8,712 $ 9,537 $ 8,561 $ 292 $ 100 The $8.7 million of impaired loans include $6.8 million of non-accrual loans. The remaining impaired loans are TDRs or loans for which the Company believes, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. The following table presents a summary of information pertaining to impaired loans by segment as of and for the year ended December 31, 2015 : Recorded Investment Unpaid Balance Average Recorded Investment Related Allowance Interest Income Recognized (In Thousands) Impaired loans without a valuation allowance: Residential real estate $ 2,262 $ 2,402 $ 2,631 $ — $ 105 Residential construction — — — — — Commercial real estate 908 1,559 1,679 — 90 Commercial construction 213 213 1,144 — 14 Commercial and industrial 2,255 2,255 1,484 — 71 Consumer — — — — — Home equity 119 119 210 — 3 Total $ 5,757 $ 6,548 $ 7,148 $ — $ 283 Impaired loans with a valuation allowance: Residential real estate $ 1,651 $ 1,651 $ 1,113 $ 145 $ 64 Residential construction — — — — — Commercial real estate 422 422 527 24 21 Commercial construction — — — — — Commercial and industrial 510 510 366 110 24 Consumer — — — — — Home equity 69 69 63 1 3 Total $ 2,652 $ 2,652 $ 2,069 $ 280 $ 112 Total impaired loans: Residential real estate $ 3,913 $ 4,053 $ 3,744 $ 145 $ 169 Residential construction — — — — — Commercial real estate 1,330 1,981 2,206 24 111 Commercial construction 213 213 1,144 — 14 Commercial and industrial 2,765 2,765 1,850 110 95 Consumer — — — — — Home equity 188 188 273 1 6 Total $ 8,409 $ 9,200 $ 9,217 $ 280 $ 395 The $8.4 million of impaired loans include $6.4 million of non-accrual loans. The remaining impaired loans are TDRs or loans for which the Company believes, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. The following table presents a summary of information pertaining to impaired loans by segment as of and for the three months ended March 31, 2015 : Recorded Investment Unpaid Balance Average Recorded Investment Related Allowance Interest Income Recognized (In Thousands) Impaired loans without a valuation allowance: Residential real estate $ 3,182 $ 3,389 $ 3,338 $ — $ 34 Residential construction — — — — — Commercial real estate 1,454 1,491 2,077 — 29 Commercial construction 2,167 3,706 2,281 — 4 Commercial and industrial 1,343 1,375 1,194 — 7 Consumer — — — — — Home equity 299 362 300 — 1 Total $ 8,445 $ 10,323 $ 9,190 $ — $ 75 Impaired loans with a valuation allowance: Residential real estate $ 860 $ 860 $ 736 $ 47 $ 12 Residential construction — — — — — Commercial real estate 553 599 681 33 6 Commercial construction — — — — — Commercial and industrial 437 437 219 32 2 Consumer — — — — — Home equity 47 47 47 3 — Total $ 1,897 $ 1,943 $ 1,683 $ 115 $ 20 Total impaired loans: Residential real estate $ 4,042 $ 4,249 $ 4,074 $ 47 $ 46 Residential construction — — — — — Commercial real estate 2,007 2,090 2,758 33 35 Commercial construction 2,167 3,706 2,281 — 4 Commercial and industrial 1,780 1,812 1,413 32 9 Consumer — — — — — Home equity 346 409 347 3 1 Total $ 10,342 $ 12,266 $ 10,873 $ 115 $ 95 The $10.3 million of impaired loans include $8.8 million of non-accrual loans. The remaining impaired loans are TDRs or loans for which the Company believes, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Delinquency and Nonaccrual All loan segments greater than 30 days past due are considered delinquent. The Company calculates the number of days past due based on a 30 day month. Management continuously monitors delinquency and nonaccrual levels and trends. It is the Company’s policy to discontinue the accrual of interest on all loan classes when principal or interest payments are delinquent 90 days or more. The accrual of interest is also discontinued for impaired loans that are delinquent 90 days or more or at management’s discretion. All interest accrued, but not collected, for all loan classes, including impaired loans that are placed on nonaccrual or charged off, is reversed against interest income. Interest recognized on these loans is limited to interest payments received until qualifying for return to accrual. All loan classes are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. The following table presents an aging analysis of past due loans and non-accrual loans at March 31, 2016 : 31-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due Total Past Due Current Total Loans Loans on Nonaccrual (In Thousands) Residential real estate $ 713 $ 284 $ 213 $ 1,210 $ 131,074 $ 132,284 $ 3,895 Residential construction — — — — 7,737 7,737 — Commercial real estate 458 1,116 57 1,631 287,582 289,213 1,237 Commercial construction — — — — 47,406 47,406 213 Commercial and industrial 9 — 435 444 70,617 71,061 1,250 Consumer 10 — — 10 2,437 2,447 — Home equity 131 — 71 202 39,433 39,635 208 Total $ 1,321 $ 1,400 $ 776 $ 3,497 $ 586,286 $ 589,783 $ 6,803 The following table presents an aging analysis of past due loans and non-accrual loans at December 31, 2015 : 31-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due Total Past Due Current Total Loans Loans on Nonaccrual (In Thousands) Residential real estate $ 2,396 $ 514 $ 196 $ 3,106 $ 124,504 $ 127,610 $ 3,355 Residential construction — — — — 8,490 8,490 — Commercial real estate 786 71 413 1,270 286,579 287,849 1,330 Commercial construction 245 — — 245 47,883 48,128 213 Commercial and industrial 139 72 360 571 70,959 71,530 1,276 Consumer 9 — — 9 2,507 2,516 18 Home equity 87 47 71 205 39,349 39,554 205 Total $ 3,662 $ 704 $ 1,040 $ 5,406 $ 580,271 $ 585,677 $ 6,397 Troubled Debt Restructuring (TDR) TDR loans consist of loans where the Company, for economic or legal reasons related to the borrower’s financial difficulties, granted a concession to the borrower that the Company would not otherwise consider. TDR loans can take the form of a reduction in the stated interest rate, receipts of assets from a debtor in partial or full satisfaction of a loan, the extension of the maturity date, or the reduction of either the interest or principal. Once a loan has been identified as a TDR, it is classified as impaired and will continue to be reported as a TDR until the loan is paid in full. In the normal course of business, the Company may modify a loan for a credit worthy borrower where the modified loan is not considered a TDR. In these cases, the modified terms are consistent with loan terms available to credit worthy borrowers and within normal loan pricing. The modifications to such loans are done according to existing underwriting standards which include review of historical financial statements, including current interim information if available, and an analysis of the borrower’s performance and projections to assess repayment ability going forward. During the three months ended March 31, 2016 , the Company had three TDRs that had defaulted and had been modified within the previous twelve month periods. During the three months ended March 31, 2015, the Company had no TDRs that had defaulted and had been modified within the previous twelve month period. TDR loans are considered defaulted at 90 days past due. The following tables provide new TDR activity by segment during the periods indicated: For the Three Months Ended March 31, 2016 Number of Modifications Recorded Investment Pre-Modification Recorded Investment Post-Modification (In Thousands) Residential real estate 2 $ 432 $ 437 Residential construction — — — Commercial real estate 1 — — Commercial construction — 49 49 Commercial and industrial — — — Consumer — — — Home equity — — — Total 3 $ 481 $ 486 The Company did not have any new TDR activity during the three months ended March 31, 2015. The following is a summary of TDR loans by segment as of the dates indicated: As of March 31, 2016 As of December 31, 2015 Number of Loans Recorded Investment Number of Loans Recorded Investment (Dollars In Thousands) Residential real estate 6 $ 1,279 4 $ 847 Residential construction — — — — Commercial real estate 3 358 3 442 Commercial construction — — — — Commercial and industrial 2 230 3 236 Consumer — — — — Home equity 2 68 2 69 Total 13 $ 1,935 12 $ 1,594

Fair Value Measurements and Dis

Fair Value Measurements and Disclosures	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements and Disclosures	Fair Value Measurements and Disclosures Accounting Standards Codification ("ASC") Topic 825, " Financial Instruments, " requires disclosures of fair value information about financial instruments, whether or not recognized in the statement of financial condition, if the fair values can be reasonably determined. Certain assets and liabilities are recorded at fair value to provide additional insight into the Company's quality of earnings. Some of these assets and liabilities are measured on a recurring basis while others are measured on a nonrecurring basis, with the determination based upon applicable existing accounting pronouncements. For example, available-for-sale securities are recorded at fair value on a recurring basis. Other assets, such as, mortgage servicing rights, loans held for sale, and impaired loans, are recorded at fair value on a nonrecurring basis using the lower of cost or market methodology to determine impairment of individual assets. The Company groups assets and liabilities which are recorded 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. Levels within the fair value hierarchy are based on the lowest level of input that is significant to the fair value measurement (with Level 1 considered highest and Level 3 considered lowest). A brief description of each level follows. Level 1 - Valuation is based upon quoted prices for identical instruments 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 that market participants would use in pricing the asset or liability. Valuation includes use of discounted cash flow models and similar techniques. The fair value methods and assumptions are set forth below. Cash and cash equivalents. The carrying amounts of cash equivalents, due from banks and federal funds sold approximate their relative fair values. As such, the Company classifies these financial instruments as Level 1. Held-to-maturity and non-marketable securities. The fair values of held-to-maturity securities are estimated by independent providers using matrix pricing and quoted market prices for similar securities. In obtaining such valuation information from third parties, the Company has evaluated their valuation methodologies used to develop the fair values in order to determine whether the valuations are representative of an exit price in the Company's principal markets. The Company's principal markets for its securities portfolios are the secondary institutional markets, with an exit price that is predominately reflective of bid level pricing in those markets. Fair values are calculated based on the value of one unit without regard to any premium or discount that may result from concentrations of ownership of a financial instrument, possible tax ramifications, or estimated transaction costs. If these considerations had been incorporated into the fair value estimates, the aggregate fair value could have been changed. The carrying values of non-marketable securities approximate fair values. As such, the Company classifies held-to-maturity and non-marketable securities as Level 2. Available-for-sale securities. Fair value of securities are primarily measured using unadjusted information from an independent pricing service. The securities measured at fair value in Level 1 are based on quoted market prices in an active exchange market. These securities include marketable equity securities. Loans. Fair values are estimated for portfolios of loans with similar financial characteristics. The fair values of performing loans are calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest risk inherent in the loan. The estimates of maturity are based on the Company's historical experience with repayments for each loan classification, modified, as required, by an estimate of the effect of current economic and lending conditions, and the effects of estimated prepayments. Assumptions regarding risk, cash flows, and discount rates are judgmentally determined using available market information and specific borrower information. Management has made estimates of fair value presented below that would be indicative of the value negotiated in an actual sale. As such, the Company classifies loans as Level 3. Fair values of impaired loans are based on estimated cash flows and are discounted using a rate commensurate with the risk associated with the estimated cash flows, or if collateral dependent, discounted to the appraised value of the collateral, less costs to sell. Loans held for sale. Loans held for sale are recorded at the lower of carrying value or fair value. The fair value of mortgage loans held for sale is based on what secondary markets are currently offering for portfolios with similar characteristics. As such, the Company classifies loans held for sale as nonrecurring Level 2. Other real estate owned ("OREO"). Real estate acquired through foreclosure is recorded at fair value. The fair value of OREO is based on property appraisals and an analysis of similar properties currently available. As such, the Company records OREO as nonrecurring Level 2. Mortgage servicing rights. Mortgage servicing rights represent the value associated with servicing residential mortgage loans. Servicing assets and servicing liabilities are reported using the amortization method and compared to fair value for impairment. In evaluating the fair values of the mortgage servicing rights, the Company obtains third party valuations based on loan level data including note rate, type and term of the underlying loans. As such, the Company classifies mortgage servicing rights as Level 2. Accrued interest and dividends receivable. The fair value estimate of this financial instrument approximates the carrying value as this financial instrument has a short maturity. It is the Company's policy to stop accruing interest on loans for which it is probable that the interest is not collectable. Therefore, this financial instrument has been adjusted for estimated credit loss. As such, the Company classifies accrued interest and dividends receivable as Level 2. Deposits. The fair value of deposits is based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. The fair value estimates do not include the benefit that results from the low-cost funding provided by the deposits compared to the cost of borrowing funds in the market. If that value were considered, the fair value of the Company's net assets could increase. As such, the Company classifies deposits as Level 2. Borrowed funds. The fair value of borrowed funds is based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently available for borrowings of similar remaining maturities. As such, the Company classifies borrowed funds as Level 2. Accrued interest payable. The fair value estimate approximates the carrying amount as this financial instrument has a short maturity. As such, the Company classifies accrued interest payable as Level 2. Off-balance-sheet instruments. Off-balance-sheet instruments include loan commitments. Fair values for loan commitments have not been presented as the future revenue derived from such financial instruments is not significant. Limitations. Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These values 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 market exists for a significant portion of the Company's financial instruments, fair value estimates are based on Management's 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 these estimates. Fair value estimates are based on existing on- and off-balance-sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Other significant assets and liabilities that are not considered financial instruments include the deferred tax asset, premises and equipment, and OREO. In addition, tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in any of these estimates. Assets measured at fair value as of March 31, 2016 and December 31, 2015 on a recurring basis are summarized below: Fair Value Measurements Using March 31, 2016 Readily Available Market Prices (Level 1) Observable Market Data (Level 2) Determined Fair Value (Level 3) Assets (market approach) (Dollars In Thousands) Available-for-sale securities: Equity securities by industry type: Financial $ 423 $ 423 $ — $ — Total equity securities $ 423 $ 423 $ — $ — Fair Value Measurements Using December 31, 2015 Readily Available Market Prices (Level 1) Observable Market Data (Level 2) Determined Fair Value (Level 3) Assets (market approach) (Dollars In Thousands) Available-for-sale securities: Equity securities by industry type: Financial $ 426 $ 426 $ — $ — Total equity securities $ 426 $ 426 $ — $ — Assets measured at fair value on a nonrecurring basis as of March 31, 2016 and December 31, 2015 are summarized below: Fair Value Measurements Using March 31, 2016 Readily Available Market Prices (Level 1) Observable Market Data (Level 2) Determined Fair Value (Level 3) (Dollars In Thousands) Assets Impaired loans $ 4,213 $ — $ — $ 4,213 Other real estate owned 1,144 — 1,144 — Loans held for sale 219 — 219 — Mortgage servicing rights 179 — 179 — Impaired loans are presented net of their related specific reserves of $292,000 and charge offs of $825,000 as of March 31, 2016. Fair Value Measurements Using December 31, 2015 Readily Available Market Prices (Level 1) Observable Market Data (Level 2) Determined Fair Value (Level 3) (Dollars In Thousands) Assets Impaired loans $ 3,614 $ — $ — $ 3,614 Other real estate owned 1,435 — 1,435 — Loans held for sale 296 — 296 — Mortgage servicing rights 192 — 192 — Impaired loans are presented net of their related specific reserves of $280,000 and charge offs of $790,000 as of December 31, 2015 . Fair Value of Financial Instruments Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company's various financial instruments. In cases where quoted prices are not available, fair values are based on estimates using present value or other valuation techniques using observable inputs when available. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. FASB ASC Topic 825 excludes certain financial instruments and all non-financial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. The carrying amounts and estimated fair values for financial instruments as of March 31, 2016 and December 31, 2015 were as follows: Fair Value Using Carrying Amount Readily Available Market Prices (Level 1) Observable Market Data (Level 2) Determined Fair Value (Level 3) (Dollars In Thousands) Financial assets: Cash and cash equivalents $ 38,855 $ 38,855 $ — $ — Available-for-sale securities 423 423 — — Held-to-maturity securities 31,908 — 31,993 — FHLB stock 4,225 — 4,225 — Loans held for sale 219 — 219 — Loans: Residential real estate 132,144 — — 134,684 Residential construction 7,656 — — 7,630 Commercial real estate 286,493 — — 287,999 Commercial construction 46,634 — — 46,850 Commercial and industrial 70,220 — — 70,409 Consumer 2,419 — — 2,608 Home equity 39,440 — — 39,422 Net loans 585,006 — — 589,602 Accrued interest and dividends receivable 1,710 — 1,710 — Mortgage servicing rights 179 — 458 — Financial liabilities: Deposits $ 528,081 $ — $ 529,081 $ — FHLB advances 73,645 — 74,532 — Accrued interest payable 114 — 114 — Fair Value Using Carrying Amount Readily Available Market Prices (Level 1) Observable Market Data (Level 2) Determined Fair Value (Level 3) (Dollars In Thousands) Financial assets: Cash and cash equivalents $ 28,229 $ 28,229 $ — $ — Available-for-sale securities 426 426 — — Held-to-maturity securities 32,229 — 32,935 — FHLB stock 4,764 — 4,764 — Loans held for sale 296 — 296 — Loans: Residential real estate 127,551 — — 129,514 Residential construction 8,401 — — 8,365 Commercial real estate 285,135 — — 283,566 Commercial construction 47,345 — — 47,480 Commercial and industrial 70,674 — — 71,090 Consumer 2,485 — — 2,657 Home equity 39,368 — — 39,273 Net loans 580,959 — — 581,945 Accrued interest and dividends receivable 1,668 — 1,668 — Mortgage servicing rights 192 — 517 — Financial liabilities: Deposits $ 507,109 $ — $ 507,493 $ — FHLB advances 81,330 — 81,646 — Accrued interest payable 109 — 109 —

Common Stock

Common Stock	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Common Stock	Common Stock On September 16, 2015, the Company announced that the Board of Directors authorized an Eighth Stock Repurchase Program to purchase up to 260,000 shares, or approximately 5% of the Company’s then outstanding stock. The Company intends to repurchase its shares from time to time at prevailing prices in the open market, in block transactions or in privately negotiated transactions. Repurchases will be made under Rule 10b-5(1) repurchase plans. The shares will be repurchased by the Company as treasury stock and will be available for general corporate purposes.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Subsequent events represent events or transactions occurring after the statements of financial condition date but before the financial statements are issued or are available to be issued. Financial statements are considered “issued” when they are widely distributed to shareholders and others for general use and reliance in a form and format that complies with GAAP. Financial statements are considered “available to be issued” when they are complete in form and format that complies with GAAP and all approvals necessary for their issuance have been obtained. The Company is an SEC filer and management has evaluated subsequent events through the date that the financial statements were issued. On April 4, 2016, the Company, and Westfield Financial, Inc. (“Westfield Financial”), the holding company for Westfield Bank (“Westfield Bank”), entered into an Agreement and Plan of Merger pursuant to which (i) the Company will merge with and into Westfield Financial, the separate corporate existence of the Company will thereupon cease and Westfield Financial will continue as the surviving corporation (the “Merger”), and (ii) it is anticipated that the Bank will merge with and into Westfield Bank, the separate corporate existence of the Bank will thereupon cease and Westfield Bank will continue as the surviving corporation. The consummation of the Merger is subject to customary closing conditions, including the receipt of regulatory approvals and approval of the Merger by the stockholders of the Company. The Merger is currently expected to be completed early in the fourth quarter of 2016. Pursuant to the terms of the Merger Agreement, at the effective time of the Merger, each outstanding share of common stock of the Company will be exchanged for 2.425 shares of common stock of Westfield Financial. The Merger Agreement provides each of the Company and Westfield Financial with specified termination rights. If the Merger is not consummated under specified circumstances, including if Chicopee Bancorp, Inc. terminates the Merger Agreement for a Superior Proposal (as defined in the Merger Agreement), Chicopee Bancorp, Inc. has agreed to pay Westfield Financial a termination fee equal to $4.0 million or an expense reimbursement fee of up to $750,000 . On April 18, 2016, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.09 per share of its common stock to stockholders of record as of the close of business on May 6, 2016 , payable on or about May 23, 2016 .

Recent Accounting Pronounceme19

Recent Accounting Pronouncements (Applicable to the Company) - (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Changes and Error Corrections [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share represents income available to common stockholders divided by the adjusted weighted-average number of common shares outstanding during the period. The adjusted outstanding common shares equals the gross number of common shares issued less average treasury shares, unallocated shares of the Chicopee Savings Bank Employee Stock Ownership Plan (“ESOP”), and average dilutive restricted stock awards under the 2007 Equity Incentive Plan. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued by the Company relate to outstanding stock options and certain stock awards and are determined using the treasury stock method.
Recent Accounting Pronouncements	Recent Accounting Pronouncements (Applicable to the Company) In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606). The ASU was issued to clarify the principles for recognizing revenue and to develop a common revenue standard. The effective date for this ASU was deferred to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The Company is currently evaluating the potential impact of the ASU on its consolidated financial statements. In June 2014, FASB issued ASU No. 2014-12, Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. The ASU was issued because current U.S. GAAP does not contain explicit guidance on how to account for share-based payments when a performance target could be achieved after the requisite service period. The ASU was effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. The ASU did not have a material effect on the Company's consolidated financial statements. In January 2016, FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities . The ASU was issued to enhance the reporting model for financial instruments to provide users of financial statements with more decision-useful information. This ASU changes how entities account for equity investments that do not result in consolidation and are not accounted for under the equity method of accounting. The ASU also changes certain disclosure requirements and other aspects of U.S. GAAP, including a requirement for public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. The ASU is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The ASU will not have a material effect on the Company’s consolidated financial statements. In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842). The ASU was issued to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact of the adoption of the ASU on its consolidated financial statements. In March 2016, FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . The ASU was issued to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The ASU is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of the ASU on its consolidated financial statements.
Fair Value Measurements and Disclosures	Fair Value Measurements and Disclosures Accounting Standards Codification ("ASC") Topic 825, " Financial Instruments, " requires disclosures of fair value information about financial instruments, whether or not recognized in the statement of financial condition, if the fair values can be reasonably determined. Certain assets and liabilities are recorded at fair value to provide additional insight into the Company's quality of earnings. Some of these assets and liabilities are measured on a recurring basis while others are measured on a nonrecurring basis, with the determination based upon applicable existing accounting pronouncements. For example, available-for-sale securities are recorded at fair value on a recurring basis. Other assets, such as, mortgage servicing rights, loans held for sale, and impaired loans, are recorded at fair value on a nonrecurring basis using the lower of cost or market methodology to determine impairment of individual assets. The Company groups assets and liabilities which are recorded 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. Levels within the fair value hierarchy are based on the lowest level of input that is significant to the fair value measurement (with Level 1 considered highest and Level 3 considered lowest). A brief description of each level follows. Level 1 - Valuation is based upon quoted prices for identical instruments 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 that market participants would use in pricing the asset or liability. Valuation includes use of discounted cash flow models and similar techniques. The fair value methods and assumptions are set forth below. Cash and cash equivalents. The carrying amounts of cash equivalents, due from banks and federal funds sold approximate their relative fair values. As such, the Company classifies these financial instruments as Level 1. Held-to-maturity and non-marketable securities. The fair values of held-to-maturity securities are estimated by independent providers using matrix pricing and quoted market prices for similar securities. In obtaining such valuation information from third parties, the Company has evaluated their valuation methodologies used to develop the fair values in order to determine whether the valuations are representative of an exit price in the Company's principal markets. The Company's principal markets for its securities portfolios are the secondary institutional markets, with an exit price that is predominately reflective of bid level pricing in those markets. Fair values are calculated based on the value of one unit without regard to any premium or discount that may result from concentrations of ownership of a financial instrument, possible tax ramifications, or estimated transaction costs. If these considerations had been incorporated into the fair value estimates, the aggregate fair value could have been changed. The carrying values of non-marketable securities approximate fair values. As such, the Company classifies held-to-maturity and non-marketable securities as Level 2. Available-for-sale securities. Fair value of securities are primarily measured using unadjusted information from an independent pricing service. The securities measured at fair value in Level 1 are based on quoted market prices in an active exchange market. These securities include marketable equity securities. Loans. Fair values are estimated for portfolios of loans with similar financial characteristics. The fair values of performing loans are calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest risk inherent in the loan. The estimates of maturity are based on the Company's historical experience with repayments for each loan classification, modified, as required, by an estimate of the effect of current economic and lending conditions, and the effects of estimated prepayments. Assumptions regarding risk, cash flows, and discount rates are judgmentally determined using available market information and specific borrower information. Management has made estimates of fair value presented below that would be indicative of the value negotiated in an actual sale. As such, the Company classifies loans as Level 3. Fair values of impaired loans are based on estimated cash flows and are discounted using a rate commensurate with the risk associated with the estimated cash flows, or if collateral dependent, discounted to the appraised value of the collateral, less costs to sell. Loans held for sale. Loans held for sale are recorded at the lower of carrying value or fair value. The fair value of mortgage loans held for sale is based on what secondary markets are currently offering for portfolios with similar characteristics. As such, the Company classifies loans held for sale as nonrecurring Level 2. Other real estate owned ("OREO"). Real estate acquired through foreclosure is recorded at fair value. The fair value of OREO is based on property appraisals and an analysis of similar properties currently available. As such, the Company records OREO as nonrecurring Level 2. Mortgage servicing rights. Mortgage servicing rights represent the value associated with servicing residential mortgage loans. Servicing assets and servicing liabilities are reported using the amortization method and compared to fair value for impairment. In evaluating the fair values of the mortgage servicing rights, the Company obtains third party valuations based on loan level data including note rate, type and term of the underlying loans. As such, the Company classifies mortgage servicing rights as Level 2. Accrued interest and dividends receivable. The fair value estimate of this financial instrument approximates the carrying value as this financial instrument has a short maturity. It is the Company's policy to stop accruing interest on loans for which it is probable that the interest is not collectable. Therefore, this financial instrument has been adjusted for estimated credit loss. As such, the Company classifies accrued interest and dividends receivable as Level 2. Deposits. The fair value of deposits is based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. The fair value estimates do not include the benefit that results from the low-cost funding provided by the deposits compared to the cost of borrowing funds in the market. If that value were considered, the fair value of the Company's net assets could increase. As such, the Company classifies deposits as Level 2. Borrowed funds. The fair value of borrowed funds is based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently available for borrowings of similar remaining maturities. As such, the Company classifies borrowed funds as Level 2. Accrued interest payable. The fair value estimate approximates the carrying amount as this financial instrument has a short maturity. As such, the Company classifies accrued interest payable as Level 2. Off-balance-sheet instruments. Off-balance-sheet instruments include loan commitments. Fair values for loan commitments have not been presented as the future revenue derived from such financial instruments is not significant. Limitations. Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These values 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 market exists for a significant portion of the Company's financial instruments, fair value estimates are based on Management's 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 these estimates. Fair value estimates are based on existing on- and off-balance-sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Other significant assets and liabilities that are not considered financial instruments include the deferred tax asset, premises and equipment, and OREO. In addition, tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in any of these estimates.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings per share have been computed based on the following: Three Months Ended March 31, ($ in thousands, except share data ) 2016 2015 Net income $ 698 $ 313 Average number of shares issued 7,439,368 7,439,368 Less: average number of treasury shares (2,226,462 ) (2,168,698 ) Less: average number of unallocated ESOP shares (297,575 ) (327,332 ) Less: average number of outstanding restricted stock awards (303 ) (702 ) Adjusted weighted average number of common shares outstanding 4,915,028 4,942,636 Plus: dilutive outstanding restricted stock awards 273 336 Plus: dilutive outstanding stock options 112,545 69,805 Weighted average number of diluted shares outstanding 5,027,846 5,012,777 Net income per share: Basic-common stock $ 0.14 $ 0.06 Basic-unvested share-based payment awards $ 0.14 $ 0.06 Diluted-common stock $ 0.14 $ 0.06 Diluted-unvested share-based payment awards $ 0.14 $ 0.06

Equity Incentive Plan (Tables)

Equity Incentive Plan (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Options under Plan and Changes	A summary of options under the Plan as of March 31, 2016 , and changes during the three months ended March 31, 2016 , is as follows: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (000's) Outstanding at December 31, 2015 646,098 $ 14.55 2.79 $ 1,800 Exercised (11,600 ) 14.29 1.32 43 Forfeited or expired — — — — Outstanding at March 31, 2016 634,498 $ 14.56 2.56 $ 1,955 Exercisable at March 31, 2016 588,897 $ 14.45 2.25 $ 1,880 Exercisable at March 31, 2015 572,897 $ 14.39 3.00 $ 1,408
Summary of Status of Stock Awards and Changes	A summary of the status of the Company’s stock awards as of March 31, 2016 , and changes during the three months ended March 31, 2016 , is as follows: Nonvested Shares Number of Shares Weighted Average Grant-Date Fair Value Outstanding at December 31, 2015 400 $ 14.08 Vested 400 14.08 Outstanding at March 31, 2016 — $ —

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Amortized Cost and Estimated Fair Value of Securities, with Gross Unrealized Gains and Losses	The following tables set forth, at the dates indicated, information regarding the amortized cost and fair value, with gross unrealized gains and losses, of the Company's investment securities: March 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Available-for-sale securities: Marketable equity securities $ 369 $ 54 $ — $ 423 Total available-for-sale securities $ 369 $ 54 $ — $ 423 Held-to-maturity securities: Corporate and industrial revenue bonds $ 31,752 $ 81 $ — $ 31,833 Collateralized mortgage obligations 156 4 — 160 Total held-to-maturity securities $ 31,908 $ 85 $ — $ 31,993 Non-marketable securities: Federal Home Loan Bank stock $ 4,225 $ — $ — $ 4,225 Banker's Bank Northeast stock 183 — — 183 Total non-marketable securities $ 4,408 $ — $ — $ 4,408 December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Available-for-sale securities: Marketable equity securities $ 369 $ 57 $ — $ 426 Total available-for-sale securities $ 369 $ 57 $ — $ 426 Held-to-maturity securities: Corporate and industrial revenue bonds $ 32,029 $ 700 $ — $ 32,729 Collateralized mortgage obligations 200 6 — 206 Total held-to-maturity securities $ 32,229 $ 706 $ — $ 32,935 Non-marketable securities: Federal Home Loan Bank stock $ 4,764 $ — $ — $ 4,764 Banker's Bank Northeast stock 183 — — 183 Total non-marketable securities $ 4,947 $ — $ — $ 4,947
Collateralized Mortgage Obligations Allocated to Maturity Categories According to Final Maturity Date	The collateralized mortgage obligations are allocated to maturity categories according to final maturity date. Held-to-maturity Amortized Cost Fair Value (In Thousands) Due in one year or less $ — $ — Due after one year through five years 7,848 8,067 Due after five years through ten years — — Due after ten years 24,060 23,926 Total $ 31,908 $ 31,993

Loans and Allowance for Loan 23

Loans and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Composition of Loan Portfolio	The following table sets forth the composition of the Company’s loan portfolio in dollar amounts and as a percentage of the total loan portfolio at the dates indicated. March 31, 2016 December 31, 2015 Amount Percent of Total Amount Percent of Total (Dollars In Thousands) Real estate loans: Residential $ 132,284 22.4 % $ 127,610 21.8 % Home equity 39,635 6.7 % 39,554 6.8 % Commercial 289,213 49.1 % 287,849 49.1 % Total 461,132 78.2 % 455,013 77.7 % Construction-residential 7,737 1.3 % 8,490 1.5 % Construction-commercial 47,406 8.1 % 48,128 8.2 % Total 55,143 9.4 % 56,618 9.7 % Total real estate loans 516,275 87.6 % 511,631 87.4 % Consumer loans 2,447 0.4 % 2,516 0.4 % Commercial and industrial loans 71,061 12.0 % 71,530 12.2 % Total loans 589,783 100.0 % 585,677 100.0 % Deferred loan origination costs, net 907 897 Allowance for loan losses (5,684 ) (5,615 ) Loans, net $ 585,006 $ 580,959
Analysis of Total Loans Segregated by Risk Rating and Segment	The following table presents an analysis of total loans segregated by risk rating and segment as of March 31, 2016 : Commercial Credit Risk Exposure Commercial and Industrial Commercial Construction Commercial Real Estate Total (In Thousands) Pass $ 63,423 $ 42,008 $ 277,207 $ 382,638 Special mention 3,033 5,185 8,031 16,249 Substandard 4,605 213 3,975 8,793 Total commercial loans $ 71,061 $ 47,406 $ 289,213 $ 407,680 Residential Credit Risk Exposure Residential Real Estate Residential Construction Total (In Thousands) Performing $ 127,966 $ 7,737 $ 135,703 Nonperforming 4,318 — 4,318 Total residential loans (1) $ 132,284 $ 7,737 $ 140,021 Consumer Credit Risk Exposure Consumer Home Equity Total (In Thousands) Performing $ 2,447 $ 39,397 $ 41,844 Nonperforming — 238 238 Total consumer loans $ 2,447 $ 39,635 $ 42,082 (1) At March 31, 2016, the Company had a total of $323,000 in residential real estate loans in the process of foreclosure. The following table presents an analysis of total loans segregated by risk rating and segment as of December 31, 2015 : Commercial Credit Risk Exposure Commercial and Industrial Commercial Construction Commercial Real Estate Total (In Thousands) Pass $ 63,499 $ 42,585 $ 275,628 $ 381,712 Special mention 4,163 5,330 8,454 17,947 Substandard 3,868 213 3,767 7,848 Total commercial loans $ 71,530 $ 48,128 $ 287,849 $ 407,507 Residential Credit Risk Exposure Residential Real Estate Residential Construction Total (In Thousands) Performing $ 123,697 $ 8,490 $ 132,187 Nonperforming 3,913 — 3,913 Total residential loans $ 127,610 $ 8,490 $ 136,100 Consumer Credit Risk Exposure Consumer Home Equity Total (In Thousands) Performing $ 2,516 $ 39,366 $ 41,882 Nonperforming — 188 188 Total consumer loans $ 2,516 $ 39,554 $ 42,070
Allowance for Loan Losses and Select Loan Information	The following table presents the allowance for loan losses and select loan information as of and for the three months ended March 31, 2016 : Residential Real Estate Residential Construction Commercial Real Estate Commercial Construction Commercial and Industrial Consumer Loans Home Equity Total Allowance for loan losses (In Thousands) Balance as of December 31, 2015 $ 658 $ 89 $ 3,012 $ 783 $ 856 $ 31 $ 186 $ 5,615 Provision for (reduction of) loan losses 54 (8 ) 25 (11 ) (16 ) 5 6 55 Recoveries 18 — — — 1 7 3 29 Loans charged off — — — — — (15 ) — (15 ) Balance as of March 31, 2016 $ 730 $ 81 $ 3,037 $ 772 $ 841 $ 28 $ 195 $ 5,684 Allowance for loan losses Collectively evaluated for impairment $ 566 $ 81 $ 3,017 $ 772 $ 743 $ 28 $ 185 $ 5,392 Individually evaluated for impairment 164 — 20 — 98 — 10 292 Total ending balance $ 730 $ 81 $ 3,037 $ 772 $ 841 $ 28 $ 195 $ 5,684 Total loans Collectively evaluated for impairment $ 127,967 $ 7,737 $ 287,870 $ 47,193 $ 68,460 $ 2,447 $ 39,397 $ 581,071 Individually evaluated for impairment 4,317 — 1,343 213 2,601 — 238 8,712 Total ending balance $ 132,284 $ 7,737 $ 289,213 $ 47,406 $ 71,061 $ 2,447 $ 39,635 $ 589,783 The following table presents the allowance for loan losses and select loan information as of and for the year ended December 31, 2015 : Residential Real Estate Residential Construction Commercial Real Estate Commercial Construction Commercial and Industrial Consumer Loans Home Equity Total Allowance for loan losses (In Thousands) Balance as of December 31, 2014 $ 486 $ 107 $ 2,699 $ 568 $ 879 $ 35 $ 153 $ 4,927 Provision for (reduction of) loan losses 306 (18 ) 403 177 4 24 45 941 Recoveries 27 — 3 38 12 29 4 113 Loans charged off (161 ) — (93 ) — (39 ) (57 ) (16 ) (366 ) Balance as of December 31, 2015 $ 658 $ 89 $ 3,012 $ 783 $ 856 $ 31 $ 186 $ 5,615 Allowance for loan losses Collectively evaluated for impairment $ 513 $ 89 $ 2,988 $ 783 $ 746 $ 31 $ 185 $ 5,335 Individually evaluated for impairment 145 — 24 — 110 — 1 280 Total ending balance $ 658 $ 89 $ 3,012 $ 783 $ 856 $ 31 $ 186 $ 5,615 Total loans Collectively evaluated for impairment $ 123,697 $ 8,490 $ 286,519 $ 47,915 $ 68,765 $ 2,516 $ 39,366 $ 577,268 Individually evaluated for impairment 3,913 — 1,330 213 2,765 — 188 8,409 Total ending balance $ 127,610 $ 8,490 $ 287,849 $ 48,128 $ 71,530 $ 2,516 $ 39,554 $ 585,677 The following table presents the allowance for loan losses and select loan information as of and for the three months ended March 31, 2015 : Residential Real Estate Residential Construction Commercial Real Estate Commercial Construction Commercial and Industrial Consumer Loans Home Equity Total Allowance for loan losses (In Thousands) Balance as of December 31, 2014 $ 486 $ 107 $ 2,699 $ 568 $ 879 $ 35 $ 153 $ 4,927 Provision for (reduction of) loan losses 145 (7 ) 152 83 24 5 (2 ) 400 Recoveries — — 1 — — 7 1 9 Loans charged off (85 ) — (3 ) — (53 ) (11 ) — (152 ) Balance as of March 31, 2015 $ 546 $ 100 $ 2,849 $ 651 $ 850 $ 36 $ 152 $ 5,184 Allowance for loan losses Collectively evaluated for impairment $ 499 $ 100 $ 2,816 $ 651 $ 818 $ 36 $ 149 $ 5,069 Individually evaluated for impairment 47 — 33 — 32 — 3 115 Total ending balance $ 546 $ 100 $ 2,849 $ 651 $ 850 $ 36 $ 152 $ 5,184 Total loans Collectively evaluated for impairment $ 116,054 $ 7,545 $ 270,053 $ 34,801 $ 69,313 $ 2,561 $ 33,983 $ 534,310 Individually evaluated for impairment 4,042 — 2,007 2,167 1,780 — 346 10,342 Total ending balance $ 120,096 $ 7,545 $ 272,060 $ 36,968 $ 71,093 $ 2,561 $ 34,329 $ 544,652
Information Pertaining to Impaired Loans by Segment	The following table presents a summary of information pertaining to impaired loans by segment as of and for the three months ended March 31, 2016 : Recorded Investment Unpaid Balance Average Recorded Investment Related Allowance Interest Income Recognized (In Thousands) Impaired loans without a valuation allowance: Residential real estate $ 2,425 $ 2,600 $ 2,343 $ — $ 26 Residential construction — — — — — Commercial real estate 925 1,575 917 — 10 Commercial construction 213 213 213 — 3 Commercial and industrial 2,115 2,115 2,185 — 22 Consumer — — — — — Home equity 161 161 140 — 1 Total $ 5,839 $ 6,664 $ 5,798 $ — $ 62 Impaired loans with a valuation allowance: Residential real estate $ 1,892 $ 1,892 $ 1,772 $ 164 $ 25 Residential construction — — — — — Commercial real estate 418 418 420 20 6 Commercial construction — — — — — Commercial and industrial 486 486 498 98 7 Consumer — — — — — Home equity 77 77 73 10 — Total $ 2,873 $ 2,873 $ 2,763 $ 292 $ 38 Total impaired loans: Residential real estate $ 4,317 $ 4,492 $ 4,115 $ 164 $ 51 Residential construction — — — — — Commercial real estate 1,343 1,993 1,337 20 16 Commercial construction 213 213 213 — 3 Commercial and industrial 2,601 2,601 2,683 98 29 Consumer — — — — — Home equity 238 238 213 10 1 Total $ 8,712 $ 9,537 $ 8,561 $ 292 $ 100 The $8.7 million of impaired loans include $6.8 million of non-accrual loans. The remaining impaired loans are TDRs or loans for which the Company believes, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. The following table presents a summary of information pertaining to impaired loans by segment as of and for the year ended December 31, 2015 : Recorded Investment Unpaid Balance Average Recorded Investment Related Allowance Interest Income Recognized (In Thousands) Impaired loans without a valuation allowance: Residential real estate $ 2,262 $ 2,402 $ 2,631 $ — $ 105 Residential construction — — — — — Commercial real estate 908 1,559 1,679 — 90 Commercial construction 213 213 1,144 — 14 Commercial and industrial 2,255 2,255 1,484 — 71 Consumer — — — — — Home equity 119 119 210 — 3 Total $ 5,757 $ 6,548 $ 7,148 $ — $ 283 Impaired loans with a valuation allowance: Residential real estate $ 1,651 $ 1,651 $ 1,113 $ 145 $ 64 Residential construction — — — — — Commercial real estate 422 422 527 24 21 Commercial construction — — — — — Commercial and industrial 510 510 366 110 24 Consumer — — — — — Home equity 69 69 63 1 3 Total $ 2,652 $ 2,652 $ 2,069 $ 280 $ 112 Total impaired loans: Residential real estate $ 3,913 $ 4,053 $ 3,744 $ 145 $ 169 Residential construction — — — — — Commercial real estate 1,330 1,981 2,206 24 111 Commercial construction 213 213 1,144 — 14 Commercial and industrial 2,765 2,765 1,850 110 95 Consumer — — — — — Home equity 188 188 273 1 6 Total $ 8,409 $ 9,200 $ 9,217 $ 280 $ 395 The $8.4 million of impaired loans include $6.4 million of non-accrual loans. The remaining impaired loans are TDRs or loans for which the Company believes, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. The following table presents a summary of information pertaining to impaired loans by segment as of and for the three months ended March 31, 2015 : Recorded Investment Unpaid Balance Average Recorded Investment Related Allowance Interest Income Recognized (In Thousands) Impaired loans without a valuation allowance: Residential real estate $ 3,182 $ 3,389 $ 3,338 $ — $ 34 Residential construction — — — — — Commercial real estate 1,454 1,491 2,077 — 29 Commercial construction 2,167 3,706 2,281 — 4 Commercial and industrial 1,343 1,375 1,194 — 7 Consumer — — — — — Home equity 299 362 300 — 1 Total $ 8,445 $ 10,323 $ 9,190 $ — $ 75 Impaired loans with a valuation allowance: Residential real estate $ 860 $ 860 $ 736 $ 47 $ 12 Residential construction — — — — — Commercial real estate 553 599 681 33 6 Commercial construction — — — — — Commercial and industrial 437 437 219 32 2 Consumer — — — — — Home equity 47 47 47 3 — Total $ 1,897 $ 1,943 $ 1,683 $ 115 $ 20 Total impaired loans: Residential real estate $ 4,042 $ 4,249 $ 4,074 $ 47 $ 46 Residential construction — — — — — Commercial real estate 2,007 2,090 2,758 33 35 Commercial construction 2,167 3,706 2,281 — 4 Commercial and industrial 1,780 1,812 1,413 32 9 Consumer — — — — — Home equity 346 409 347 3 1 Total $ 10,342 $ 12,266 $ 10,873 $ 115 $ 95 The $10.3 million of impaired loans include $8.8 million of non-accrual loans. The remaining impaired loans are TDRs or loans for which the Company believes, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement.
Aging Analysis of Past Due Loans	The following table presents an aging analysis of past due loans and non-accrual loans at March 31, 2016 : 31-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due Total Past Due Current Total Loans Loans on Nonaccrual (In Thousands) Residential real estate $ 713 $ 284 $ 213 $ 1,210 $ 131,074 $ 132,284 $ 3,895 Residential construction — — — — 7,737 7,737 — Commercial real estate 458 1,116 57 1,631 287,582 289,213 1,237 Commercial construction — — — — 47,406 47,406 213 Commercial and industrial 9 — 435 444 70,617 71,061 1,250 Consumer 10 — — 10 2,437 2,447 — Home equity 131 — 71 202 39,433 39,635 208 Total $ 1,321 $ 1,400 $ 776 $ 3,497 $ 586,286 $ 589,783 $ 6,803 The following table presents an aging analysis of past due loans and non-accrual loans at December 31, 2015 : 31-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due Total Past Due Current Total Loans Loans on Nonaccrual (In Thousands) Residential real estate $ 2,396 $ 514 $ 196 $ 3,106 $ 124,504 $ 127,610 $ 3,355 Residential construction — — — — 8,490 8,490 — Commercial real estate 786 71 413 1,270 286,579 287,849 1,330 Commercial construction 245 — — 245 47,883 48,128 213 Commercial and industrial 139 72 360 571 70,959 71,530 1,276 Consumer 9 — — 9 2,507 2,516 18 Home equity 87 47 71 205 39,349 39,554 205 Total $ 3,662 $ 704 $ 1,040 $ 5,406 $ 580,271 $ 585,677 $ 6,397
Summary of Accruing and Non-Accruing Troubled Debt Restructuring Loans By Class	The following tables provide new TDR activity by segment during the periods indicated: For the Three Months Ended March 31, 2016 Number of Modifications Recorded Investment Pre-Modification Recorded Investment Post-Modification (In Thousands) Residential real estate 2 $ 432 $ 437 Residential construction — — — Commercial real estate 1 — — Commercial construction — 49 49 Commercial and industrial — — — Consumer — — — Home equity — — — Total 3 $ 481 $ 486 The Company did not have any new TDR activity during the three months ended March 31, 2015. The following is a summary of TDR loans by segment as of the dates indicated: As of March 31, 2016 As of December 31, 2015 Number of Loans Recorded Investment Number of Loans Recorded Investment (Dollars In Thousands) Residential real estate 6 $ 1,279 4 $ 847 Residential construction — — — — Commercial real estate 3 358 3 442 Commercial construction — — — — Commercial and industrial 2 230 3 236 Consumer — — — — Home equity 2 68 2 69 Total 13 $ 1,935 12 $ 1,594

Fair Value Measurements and D24

Fair Value Measurements and Disclosures (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Assets Measured at Fair Value on Recurring Basis	Assets measured at fair value as of March 31, 2016 and December 31, 2015 on a recurring basis are summarized below: Fair Value Measurements Using March 31, 2016 Readily Available Market Prices (Level 1) Observable Market Data (Level 2) Determined Fair Value (Level 3) Assets (market approach) (Dollars In Thousands) Available-for-sale securities: Equity securities by industry type: Financial $ 423 $ 423 $ — $ — Total equity securities $ 423 $ 423 $ — $ — Fair Value Measurements Using December 31, 2015 Readily Available Market Prices (Level 1) Observable Market Data (Level 2) Determined Fair Value (Level 3) Assets (market approach) (Dollars In Thousands) Available-for-sale securities: Equity securities by industry type: Financial $ 426 $ 426 $ — $ — Total equity securities $ 426 $ 426 $ — $ —
Assets Measured at Fair Value on Nonrecurring Basis	ssets measured at fair value on a nonrecurring basis as of March 31, 2016 and December 31, 2015 are summarized below: Fair Value Measurements Using March 31, 2016 Readily Available Market Prices (Level 1) Observable Market Data (Level 2) Determined Fair Value (Level 3) (Dollars In Thousands) Assets Impaired loans $ 4,213 $ — $ — $ 4,213 Other real estate owned 1,144 — 1,144 — Loans held for sale 219 — 219 — Mortgage servicing rights 179 — 179 — Impaired loans are presented net of their related specific reserves of $292,000 and charge offs of $825,000 as of March 31, 2016. Fair Value Measurements Using December 31, 2015 Readily Available Market Prices (Level 1) Observable Market Data (Level 2) Determined Fair Value (Level 3) (Dollars In Thousands) Assets Impaired loans $ 3,614 $ — $ — $ 3,614 Other real estate owned 1,435 — 1,435 — Loans held for sale 296 — 296 — Mortgage servicing rights 192 — 192 —
Carrying Amounts and Estimated Fair Values of Instruments	The carrying amounts and estimated fair values for financial instruments as of March 31, 2016 and December 31, 2015 were as follows: Fair Value Using Carrying Amount Readily Available Market Prices (Level 1) Observable Market Data (Level 2) Determined Fair Value (Level 3) (Dollars In Thousands) Financial assets: Cash and cash equivalents $ 38,855 $ 38,855 $ — $ — Available-for-sale securities 423 423 — — Held-to-maturity securities 31,908 — 31,993 — FHLB stock 4,225 — 4,225 — Loans held for sale 219 — 219 — Loans: Residential real estate 132,144 — — 134,684 Residential construction 7,656 — — 7,630 Commercial real estate 286,493 — — 287,999 Commercial construction 46,634 — — 46,850 Commercial and industrial 70,220 — — 70,409 Consumer 2,419 — — 2,608 Home equity 39,440 — — 39,422 Net loans 585,006 — — 589,602 Accrued interest and dividends receivable 1,710 — 1,710 — Mortgage servicing rights 179 — 458 — Financial liabilities: Deposits $ 528,081 $ — $ 529,081 $ — FHLB advances 73,645 — 74,532 — Accrued interest payable 114 — 114 — Fair Value Using Carrying Amount Readily Available Market Prices (Level 1) Observable Market Data (Level 2) Determined Fair Value (Level 3) (Dollars In Thousands) Financial assets: Cash and cash equivalents $ 28,229 $ 28,229 $ — $ — Available-for-sale securities 426 426 — — Held-to-maturity securities 32,229 — 32,935 — FHLB stock 4,764 — 4,764 — Loans held for sale 296 — 296 — Loans: Residential real estate 127,551 — — 129,514 Residential construction 8,401 — — 8,365 Commercial real estate 285,135 — — 283,566 Commercial construction 47,345 — — 47,480 Commercial and industrial 70,674 — — 71,090 Consumer 2,485 — — 2,657 Home equity 39,368 — — 39,273 Net loans 580,959 — — 581,945 Accrued interest and dividends receivable 1,668 — 1,668 — Mortgage servicing rights 192 — 517 — Financial liabilities: Deposits $ 507,109 $ — $ 507,493 $ — FHLB advances 81,330 — 81,646 — Accrued interest payable 109 — 109 —

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Entity incorporation date of incorporation	Mar. 14, 2006
Percentage of owned subsidiary (as percent)	99.00%

Earnings Per Share (Detail)

Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share Disclosure [Line Items]
Net income	$ 698	$ 313
Average number of shares issued (in shares)	7,439,368	7,439,368
Less: average number of treasury shares (in shares)	(2,226,462)	(2,168,698)
Less: average number of unallocated ESOP shares (in shares)	(297,575)	(327,332)
Less: average number of outstanding restricted stock awards (in shares)	(303)	(702)
Adjusted weighted average number of common shares outstanding (in shares)	4,915,028	4,942,636
Weighted average number of diluted shares outstanding (in shares)	5,027,846	5,012,777
Basic-common stock (in dollars per share)	$ 0.14	$ 0.06
Basic-unvested share-based payment awards (in dollars per share)	0.14	0.06
Diluted-common stock (in dollars per share)	0.14	0.06
Diluted-unvested share-based payment awards (in dollars per share)	$ 0.14	$ 0.06
Restricted Stock Units (RSUs)
Earnings Per Share Disclosure [Line Items]
Plus: dilutive outstanding restricted stock awards and stock options (in shares)	273	336
Stock Options
Earnings Per Share Disclosure [Line Items]
Plus: dilutive outstanding restricted stock awards and stock options (in shares)	112,545	69,805

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Stock options that were not included in the calculation of diluted earnings per share	73	92

Equity Incentive Plan - Additio

Equity Incentive Plan - Additional Information (Detail) - USD ($)	Jul. 01, 2007	May. 30, 2007	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (up to) (in shares)		297,574
Share based compensation expense			$ 1,000	$ 1,000
Stock awards vesting, percentage		20.00%
Stock awards granted (in shares)	0		0	0	2,000
Stock awards, grant date price (in dollars per share)					$ 14.08
Unrecognized stock compensation expense			$ 0
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (up to) (in shares)		743,936
Maximum exercisable term of stock options			10 years
Stock options vesting period			5 years
Stock options granted (in shares)			0	0
Weighted average grant-date fair value of options outstanding (in dollars per share)			$ 3.81
Weighted average grant-date fair value of options exercisable (in dollars per share)			$ 3.83
Share based compensation expense			$ 26,000	$ 22,000
Unrecognized stock- based compensation expense related to non-vest options			$ 135,000
Unrecognized stock- based compensation expense recognition period (in years)			1 year 6 months 7 days

Equity Incentive Plan - Summary

Equity Incentive Plan - Summary of Options under Plan and Changes (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Number of Shares
Outstanding at beginning of period (in shares)	646,098
Exercised (in shares)	(11,600)
Forfeited or expired (in shares)	0
Outstanding at end of period (in shares)	634,498		646,098
Exercisable at end of period (in shares)	588,897	572,897
Weighted Average Exercise price
Outstanding at beginning of period (in dollars per share)	$ 14.55
Exercised (in dollars per share)	14.29
Forfeited or expired (in dollars per share)	0
Outstanding at end of period (in dollars per share)	14.56		$ 14.55
Exercisable at end of period (in dollars per share)	$ 14.45	$ 14.39
Weighted Average Remaining Contractual Term
Outstanding	2 years 6 months 22 days		2 years 9 months 15 days
Exercised	1 year 3 months 26 days
Forfeited or expired	0 years
Exercisable	2 years 3 months	3 years
Aggregate Intrinsic Value
Outstanding at beginning of period	$ 1,800
Exercised	43
Forfeited or expired	0
Outstanding at end of period	1,955		$ 1,800
Exercisable at end of period	$ 1,880	$ 1,408

Equity Incentive Plan - Summa30

Equity Incentive Plan - Summary of Status of Stock Awards and Changes (Detail)	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Number of Shares
Nonvested shares at beginning of period (in shares) | shares	400
Vested (in shares) | shares	400
Nonvested shares at end of period (in shares) | shares	0
Weighted Average Grant-Date Fair Value
Nonvested shares at beginning of period (in dollars per share) | $ / shares	$ 14.08
Vested (in dollars per share) | $ / shares	14.08
Nonvested shares at end of period (in dollars per share) | $ / shares	$ 0

Long-term Incentive Plan - Addi

Long-term Incentive Plan - Additional Information (Detail) - USD ($) $ in Thousands	Jul. 01, 2007	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2011	Dec. 31, 2015	May. 30, 2007
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units available for awards (in shares)						297,574
Share based compensation expense		$ 1	$ 1
Phantom shares granted (in shares)	0	0	0	2,000
Phantom stock units outstanding (in shares)		0			400
Phantom Share Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units available for awards (in shares)		150,000
Stock plan award, required period of service for full vesting		3 years
Share based compensation expense		$ 41	$ 7
Phantom shares granted (in shares)		11,365	0
Phantom stock units outstanding (in shares)		25,673			14,308

Investment Securities - Informa

Investment Securities - Information Regarding Amortized Cost and Fair Values with Gross Unrealized Gains and Losses of Investment Securities (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Available-for-sale securities:
Amortized Cost	$ 369	$ 369
Gross Unrealized Gains	54	57
Gross Unrealized Losses	0	0
Fair Value	423	426
Held-to-maturity securities:
Amortized Cost	31,908	32,229
Gross Unrealized Gains	85	706
Gross Unrealized Losses	0	0
Fair Value	31,993	32,935
Non-marketable securities:
Amortized Cost	4,408	4,947
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	4,408	4,947
Marketable equity securities
Available-for-sale securities:
Amortized Cost	369	369
Gross Unrealized Gains	54	57
Gross Unrealized Losses	0	0
Fair Value	423	426
Corporate and industrial revenue bonds
Held-to-maturity securities:
Amortized Cost	31,752	32,029
Gross Unrealized Gains	81	700
Gross Unrealized Losses	0	0
Fair Value	31,833	32,729
Collateralized mortgage obligations
Held-to-maturity securities:
Amortized Cost	156	200
Gross Unrealized Gains	4	6
Gross Unrealized Losses	0	0
Fair Value	160	206
Federal Home Loan Bank stock
Non-marketable securities:
Amortized Cost	4,225	4,764
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	4,225	4,764
Banker's Bank Northeast stock
Non-marketable securities:
Amortized Cost	183	183
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	$ 183	$ 183

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Amortized Cost
Due in one year or less	$ 0
Due after one year through five years	7,848
Due after five years through ten years	0
Due after ten years	24,060
Amortized Cost	31,908	$ 32,229
Fair Value
Due in one year or less	0
Due after one year through five years	8,067
Due after five years through ten years	0
Due after ten years	23,926
Total	$ 31,993	$ 32,935

Investment Securities - Additio

Investment Securities - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016USD ($)financial_institution	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Schedule of Trading Securities and Other Trading Assets [Line Items]
Unrealized losses	$ 0	$ 0
Number of financial institutions | financial_institution	450
Federal Home Loan Bank stock, at cost	$ 4,225,000		$ 4,764,000
Dividends income received from FHLB stock investment	41,000	$ 17,000
Investments in Banker's Bank	4,408,000		4,947,000
Banker's Bank Northeast stock
Schedule of Trading Securities and Other Trading Assets [Line Items]
Investments in Banker's Bank	$ 183,000		$ 183,000

Loans and Allowance for Loan 35

Loans and Allowance for Loan Losses - Composition of Loan Portfolio (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan portfolio, Amount	$ 589,783	$ 585,677
Loan portfolio, Percent of Total	100.00%	100.00%
Deferred loan origination costs, net	$ 907	$ 897
Allowance for loan losses	(5,684)	(5,615)	$ (5,184)	$ (4,927)
Loans, net	585,006	580,959
Real estate loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan portfolio, Amount	$ 516,275	$ 511,631
Loan portfolio, Percent of Total	87.60%	87.40%
Real estate loans | Real Estate Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan portfolio, Amount	$ 461,132	$ 455,013
Loan portfolio, Percent of Total	78.20%	77.70%
Real estate loans | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan portfolio, Amount	$ 132,284	$ 127,610
Loan portfolio, Percent of Total	22.40%	21.80%
Real estate loans | Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan portfolio, Amount	$ 39,635	$ 39,554
Loan portfolio, Percent of Total	6.70%	6.80%
Real estate loans | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan portfolio, Amount	$ 289,213	$ 287,849
Loan portfolio, Percent of Total	49.10%	49.10%
Real estate loans | Total construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan portfolio, Amount	$ 55,143	$ 56,618
Loan portfolio, Percent of Total	9.40%	9.70%
Real estate loans | Construction-residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan portfolio, Amount	$ 7,737	$ 8,490
Loan portfolio, Percent of Total	1.30%	1.50%
Real estate loans | Commercial construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan portfolio, Amount	$ 47,406	$ 48,128
Loan portfolio, Percent of Total	8.10%	8.20%
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan portfolio, Amount	$ 2,447	$ 2,516
Loan portfolio, Percent of Total	0.40%	0.40%
Allowance for loan losses	$ (28)	$ (31)	(36)	(35)
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan portfolio, Amount	$ 71,061	$ 71,530
Loan portfolio, Percent of Total	12.00%	12.20%
Allowance for loan losses	$ (841)	$ (856)	$ (850)	$ (879)

Loans and Allowance for Loan 36

Loans and Allowance for Loan Losses - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of servicing loans for participating lenders	$ 22,300,000		$ 23,700,000
Unpaid principal balance of mortgages serviced for others	$ 80,700,000		82,100,000
Loan portfolio review period	48 months
Total impaired loans	$ 8,712,000	$ 10,342,000	8,409,000
Total non-accrual impaired loans	6,800,000	8,800,000	6,400,000
Recorded investment post-modification defaulted	3	0
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans sold	1,600,000	334,000
Loans in the process of foreclosure	323,000
Total impaired loans	$ 4,317,000	$ 4,042,000	$ 3,913,000

Loans and Allowance for Loan 37

Loans and Allowance for Loan Losses - Analysis of Total Loans Segregated by Risk Rating and Segment (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	$ 589,783	$ 585,677
Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	407,680	407,507
Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	71,061	71,530
Commercial construction
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	47,406	48,128
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	289,213	287,849
Residential loans
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	140,021	136,100
Residential real estate
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	132,284	127,610
Residential construction
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	7,737	8,490
Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	42,082	42,070
Consumer
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	2,447	2,516
Home equity
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	39,635	39,554
Pass | Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	382,638	381,712
Pass | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	63,423	63,499
Pass | Commercial construction
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	42,008	42,585
Pass | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	277,207	275,628
Special mention | Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	16,249	17,947
Special mention | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	3,033	4,163
Special mention | Commercial construction
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	5,185	5,330
Special mention | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	8,031	8,454
Substandard | Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	8,793	7,848
Substandard | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	4,605	3,868
Substandard | Commercial construction
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	213	213
Substandard | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	3,975	3,767
Performing | Residential loans
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	135,703	132,187
Performing | Residential real estate
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	127,966	123,697
Performing | Residential construction
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	7,737	8,490
Performing | Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	41,844	41,882
Performing | Consumer
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	2,447	2,516
Performing | Home equity
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	39,397	39,366
Nonperforming | Residential loans
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	4,318	3,913
Nonperforming | Residential real estate
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	4,318	3,913
Nonperforming | Residential construction
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	0	0
Nonperforming | Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	238	188
Nonperforming | Consumer
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	0	0
Nonperforming | Home equity
Financing Receivable, Recorded Investment [Line Items]
Loan portfolio, Amount	$ 238	$ 188

Loans and Allowance for Loan 38

Loans and Allowance for Loan Losses - Allowance for Loan Losses and Select Loan Information (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Allowance for loan losses
Allowance for loan losses at beginning of the year	$ 5,615	$ 4,927	$ 4,927
Provision for (reduction of) loan losses	55	400	941
Recoveries	29	9	113
Loans charged off	(15)	(152)	(366)
Allowance for loan losses at end of year	5,684	5,184	5,615
Collectively evaluated for impairment	5,392	5,069	5,335
Individually evaluated for impairment	292	115	280
Allowance for loan losses ending balance	5,684	5,184	5,615
Collectively evaluated for impairment	581,071	534,310	577,268
Individually evaluated for impairment	8,712	10,342	8,409
Total loans ending balance	589,783	544,652	585,677
Residential real estate
Allowance for loan losses
Allowance for loan losses at beginning of the year	658	486	486
Provision for (reduction of) loan losses	54	145	306
Recoveries	18	0	27
Loans charged off	0	(85)	(161)
Allowance for loan losses at end of year	730	546	658
Collectively evaluated for impairment	566	499	513
Individually evaluated for impairment	164	47	145
Allowance for loan losses ending balance	730	546	658
Collectively evaluated for impairment	127,967	116,054	123,697
Individually evaluated for impairment	4,317	4,042	3,913
Total loans ending balance	132,284	120,096	127,610
Residential construction
Allowance for loan losses
Allowance for loan losses at beginning of the year	89	107	107
Provision for (reduction of) loan losses	(8)	(7)	(18)
Recoveries	0	0	0
Loans charged off	0	0	0
Allowance for loan losses at end of year	81	100	89
Collectively evaluated for impairment	81	100	89
Individually evaluated for impairment	0	0	0
Allowance for loan losses ending balance	81	100	89
Collectively evaluated for impairment	7,737	7,545	8,490
Individually evaluated for impairment	0	0	0
Total loans ending balance	7,737	7,545	8,490
Commercial real estate
Allowance for loan losses
Allowance for loan losses at beginning of the year	3,012	2,699	2,699
Provision for (reduction of) loan losses	25	152	403
Recoveries	0	1	3
Loans charged off	0	(3)	(93)
Allowance for loan losses at end of year	3,037	2,849	3,012
Collectively evaluated for impairment	3,017	2,816	2,988
Individually evaluated for impairment	20	33	24
Allowance for loan losses ending balance	3,037	2,849	3,012
Collectively evaluated for impairment	287,870	270,053	286,519
Individually evaluated for impairment	1,343	2,007	1,330
Total loans ending balance	289,213	272,060	287,849
Commercial construction
Allowance for loan losses
Allowance for loan losses at beginning of the year	783	568	568
Provision for (reduction of) loan losses	(11)	83	177
Recoveries	0	0	38
Loans charged off	0	0	0
Allowance for loan losses at end of year	772	651	783
Collectively evaluated for impairment	772	651	783
Individually evaluated for impairment	0	0	0
Allowance for loan losses ending balance	772	651	783
Collectively evaluated for impairment	47,193	34,801	47,915
Individually evaluated for impairment	213	2,167	213
Total loans ending balance	47,406	36,968	48,128
Commercial and industrial
Allowance for loan losses
Allowance for loan losses at beginning of the year	856	879	879
Provision for (reduction of) loan losses	(16)	24	4
Recoveries	1	0	12
Loans charged off	0	(53)	(39)
Allowance for loan losses at end of year	841	850	856
Collectively evaluated for impairment	743	818	746
Individually evaluated for impairment	98	32	110
Allowance for loan losses ending balance	841	850	856
Collectively evaluated for impairment	68,460	69,313	68,765
Individually evaluated for impairment	2,601	1,780	2,765
Total loans ending balance	71,061	71,093	71,530
Consumer
Allowance for loan losses
Allowance for loan losses at beginning of the year	31	35	35
Provision for (reduction of) loan losses	5	5	24
Recoveries	7	7	29
Loans charged off	(15)	(11)	(57)
Allowance for loan losses at end of year	28	36	31
Collectively evaluated for impairment	28	36	31
Individually evaluated for impairment	0	0	0
Allowance for loan losses ending balance	28	36	31
Collectively evaluated for impairment	2,447	2,561	2,516
Individually evaluated for impairment	0	0	0
Total loans ending balance	2,447	2,561	2,516
Home equity
Allowance for loan losses
Allowance for loan losses at beginning of the year	186	153	153
Provision for (reduction of) loan losses	6	(2)	45
Recoveries	3	1	4
Loans charged off	0	0	(16)
Allowance for loan losses at end of year	195	152	186
Collectively evaluated for impairment	185	149	185
Individually evaluated for impairment	10	3	1
Allowance for loan losses ending balance	195	152	186
Collectively evaluated for impairment	39,397	33,983	39,366
Individually evaluated for impairment	238	346	188
Total loans ending balance	$ 39,635	$ 34,329	$ 39,554

Loans and Allowance for Loan 39

Loans and Allowance for Loan Losses - Information Pertaining to Impaired Loans by Class (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Recorded Investment
Impaired loans without a valuation allowance	$ 5,839	$ 8,445	$ 5,757
Impaired loans with a valuation allowance	2,873	1,897	2,652
Total impaired loans	8,712	10,342	8,409
Unpaid Balance
Impaired loans without a valuation allowance	6,664	10,323	6,548
Impaired loans with a valuation allowance	2,873	1,943	2,652
Total impaired loans	9,537	12,266	9,200
Average Recorded Investment
Impaired loans without a valuation allowance	5,798	9,190	7,148
Impaired loans with a valuation allowance	2,763	1,683	2,069
Total impaired loans	8,561	10,873	9,217
Related Allowance
Impaired loans with a valuation allowance	292	115	280
Total impaired loans	292	115	280
Interest Income Recognized
Impaired loans without a valuation allowance	62	75	283
Impaired loans with a valuation allowance	38	20	112
Total impaired loans	100	95	395
Residential real estate
Recorded Investment
Impaired loans without a valuation allowance	2,425	3,182	2,262
Impaired loans with a valuation allowance	1,892	860	1,651
Total impaired loans	4,317	4,042	3,913
Unpaid Balance
Impaired loans without a valuation allowance	2,600	3,389	2,402
Impaired loans with a valuation allowance	1,892	860	1,651
Total impaired loans	4,492	4,249	4,053
Average Recorded Investment
Impaired loans without a valuation allowance	2,343	3,338	2,631
Impaired loans with a valuation allowance	1,772	736	1,113
Total impaired loans	4,115	4,074	3,744
Related Allowance
Impaired loans with a valuation allowance	164	47	145
Total impaired loans	164	47	145
Interest Income Recognized
Impaired loans without a valuation allowance	26	34	105
Impaired loans with a valuation allowance	25	12	64
Total impaired loans	51	46	169
Residential construction
Recorded Investment
Impaired loans without a valuation allowance	0	0	0
Impaired loans with a valuation allowance	0	0	0
Total impaired loans	0	0	0
Unpaid Balance
Impaired loans without a valuation allowance	0	0	0
Impaired loans with a valuation allowance	0	0	0
Total impaired loans	0	0	0
Average Recorded Investment
Impaired loans without a valuation allowance	0	0	0
Impaired loans with a valuation allowance	0	0	0
Total impaired loans	0	0	0
Related Allowance
Impaired loans with a valuation allowance	0	0	0
Total impaired loans	0	0	0
Interest Income Recognized
Impaired loans without a valuation allowance	0	0	0
Impaired loans with a valuation allowance	0	0	0
Total impaired loans	0	0	0
Commercial real estate
Recorded Investment
Impaired loans without a valuation allowance	925	1,454	908
Impaired loans with a valuation allowance	418	553	422
Total impaired loans	1,343	2,007	1,330
Unpaid Balance
Impaired loans without a valuation allowance	1,575	1,491	1,559
Impaired loans with a valuation allowance	418	599	422
Total impaired loans	1,993	2,090	1,981
Average Recorded Investment
Impaired loans without a valuation allowance	917	2,077	1,679
Impaired loans with a valuation allowance	420	681	527
Total impaired loans	1,337	2,758	2,206
Related Allowance
Impaired loans with a valuation allowance	20	33	24
Total impaired loans	20	33	24
Interest Income Recognized
Impaired loans without a valuation allowance	10	29	90
Impaired loans with a valuation allowance	6	6	21
Total impaired loans	16	35	111
Commercial construction
Recorded Investment
Impaired loans without a valuation allowance	213	2,167	213
Impaired loans with a valuation allowance	0	0	0
Total impaired loans	213	2,167	213
Unpaid Balance
Impaired loans without a valuation allowance	213	3,706	213
Impaired loans with a valuation allowance	0	0	0
Total impaired loans	213	3,706	213
Average Recorded Investment
Impaired loans without a valuation allowance	213	2,281	1,144
Impaired loans with a valuation allowance	0	0	0
Total impaired loans	213	2,281	1,144
Related Allowance
Impaired loans with a valuation allowance	0	0	0
Total impaired loans	0	0	0
Interest Income Recognized
Impaired loans without a valuation allowance	3	4	14
Impaired loans with a valuation allowance	0	0	0
Total impaired loans	3	4	14
Commercial and industrial
Recorded Investment
Impaired loans without a valuation allowance	2,115	1,343	2,255
Impaired loans with a valuation allowance	486	437	510
Total impaired loans	2,601	1,780	2,765
Unpaid Balance
Impaired loans without a valuation allowance	2,115	1,375	2,255
Impaired loans with a valuation allowance	486	437	510
Total impaired loans	2,601	1,812	2,765
Average Recorded Investment
Impaired loans without a valuation allowance	2,185	1,194	1,484
Impaired loans with a valuation allowance	498	219	366
Total impaired loans	2,683	1,413	1,850
Related Allowance
Impaired loans with a valuation allowance	98	32	110
Total impaired loans	98	32	110
Interest Income Recognized
Impaired loans without a valuation allowance	22	7	71
Impaired loans with a valuation allowance	7	2	24
Total impaired loans	29	9	95
Consumer
Recorded Investment
Impaired loans without a valuation allowance	0	0	0
Impaired loans with a valuation allowance	0	0	0
Total impaired loans	0	0	0
Unpaid Balance
Impaired loans without a valuation allowance	0	0	0
Impaired loans with a valuation allowance	0	0	0
Total impaired loans	0	0	0
Average Recorded Investment
Impaired loans without a valuation allowance	0	0	0
Impaired loans with a valuation allowance	0	0	0
Total impaired loans	0	0	0
Related Allowance
Impaired loans with a valuation allowance	0	0	0
Total impaired loans	0	0	0
Interest Income Recognized
Impaired loans without a valuation allowance	0	0	0
Impaired loans with a valuation allowance	0	0	0
Total impaired loans	0	0	0
Home equity
Recorded Investment
Impaired loans without a valuation allowance	161	299	119
Impaired loans with a valuation allowance	77	47	69
Total impaired loans	238	346	188
Unpaid Balance
Impaired loans without a valuation allowance	161	362	119
Impaired loans with a valuation allowance	77	47	69
Total impaired loans	238	409	188
Average Recorded Investment
Impaired loans without a valuation allowance	140	300	210
Impaired loans with a valuation allowance	73	47	63
Total impaired loans	213	347	273
Related Allowance
Impaired loans with a valuation allowance	10	3	1
Total impaired loans	10	3	1
Interest Income Recognized
Impaired loans without a valuation allowance	1	1	3
Impaired loans with a valuation allowance	0	0	3
Total impaired loans	$ 1	$ 1	$ 6

Loans and Allowance for Loan 40

Loans and Allowance for Loan Losses - Aging Analysis of Past Due Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 3,497	$ 5,406
Current	586,286	580,271
Total Loans	589,783	585,677
Loans on Nonaccrual	6,803	6,397
Residential real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,210	3,106
Current	131,074	124,504
Total Loans	132,284	127,610
Loans on Nonaccrual	3,895	3,355
Residential construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	7,737	8,490
Total Loans	7,737	8,490
Loans on Nonaccrual	0	0
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,631	1,270
Current	287,582	286,579
Total Loans	289,213	287,849
Loans on Nonaccrual	1,237	1,330
Commercial construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	245
Current	47,406	47,883
Total Loans	47,406	48,128
Loans on Nonaccrual	213	213
Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	444	571
Current	70,617	70,959
Total Loans	71,061	71,530
Loans on Nonaccrual	1,250	1,276
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	10	9
Current	2,437	2,507
Total Loans	2,447	2,516
Loans on Nonaccrual	0	18
Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	202	205
Current	39,433	39,349
Total Loans	39,635	39,554
Loans on Nonaccrual	208	205
31-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,321	3,662
31-59 Days Past Due | Residential real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	713	2,396
31-59 Days Past Due | Residential construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
31-59 Days Past Due | Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	458	786
31-59 Days Past Due | Commercial construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	245
31-59 Days Past Due | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	9	139
31-59 Days Past Due | Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	10	9
31-59 Days Past Due | Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	131	87
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,400	704
60-89 Days Past Due | Residential real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	284	514
60-89 Days Past Due | Residential construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
60-89 Days Past Due | Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,116	71
60-89 Days Past Due | Commercial construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
60-89 Days Past Due | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	72
60-89 Days Past Due | Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
60-89 Days Past Due | Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	47
90 Days or Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	776	1,040
90 Days or Greater Past Due | Residential real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	213	196
90 Days or Greater Past Due | Residential construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or Greater Past Due | Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	57	413
90 Days or Greater Past Due | Commercial construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or Greater Past Due | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	435	360
90 Days or Greater Past Due | Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or Greater Past Due | Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 71	$ 71

Loans and Allowance for Loan 41

Loans and Allowance for Loan Losses - Summary of Accruing and Non-Accruing TDR Loans Modified as TDRs by Segment (Detail) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016USD ($)loan	Dec. 31, 2015USD ($)loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loan Modifications | loan	3
Recorded Investment Pre-Modification	$ 481
Recorded Investment Post-Modification	$ 486
Number of Loans | loan	13	12
Recorded Investment	$ 1,935	$ 1,594
Residential real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loan Modifications | loan	2
Recorded Investment Pre-Modification	$ 432
Recorded Investment Post-Modification	$ 437
Number of Loans | loan	6	4
Recorded Investment	$ 1,279	$ 847
Residential construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loan Modifications | loan	0
Recorded Investment Pre-Modification	$ 0
Recorded Investment Post-Modification	$ 0
Number of Loans | loan	0	0
Recorded Investment	$ 0	$ 0
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loan Modifications | loan	1
Recorded Investment Pre-Modification	$ 0
Recorded Investment Post-Modification	$ 0
Number of Loans | loan	3	3
Recorded Investment	$ 358	$ 442
Commercial construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loan Modifications | loan	0
Recorded Investment Pre-Modification	$ 49
Recorded Investment Post-Modification	$ 49
Number of Loans | loan	0	0
Recorded Investment	$ 0	$ 0
Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loan Modifications | loan	0
Recorded Investment Pre-Modification	$ 0
Recorded Investment Post-Modification	$ 0
Number of Loans | loan	2	3
Recorded Investment	$ 230	$ 236
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loan Modifications | loan	0
Recorded Investment Pre-Modification	$ 0
Recorded Investment Post-Modification	$ 0
Number of Loans | loan	0	0
Recorded Investment	$ 0	$ 0
Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loan Modifications | loan	0
Recorded Investment Pre-Modification	$ 0
Recorded Investment Post-Modification	$ 0
Number of Loans | loan	2	2
Recorded Investment	$ 68	$ 69

Fair Value Measurements and D42

Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets
Equity securities	$ 423	$ 426
Readily Available Market Prices (Level 1)
Assets
Equity securities	423	426
Observable Market Data (Level 2)
Assets
Equity securities	0	0
Determined Fair Value (Level 3)
Assets
Equity securities	0	0
Fair Value, Measurements, Recurring
Assets
Equity securities	423	426
Fair Value, Measurements, Recurring | Financial
Assets
Equity securities	423	426
Fair Value, Measurements, Recurring | Readily Available Market Prices (Level 1)
Assets
Equity securities	423	426
Fair Value, Measurements, Recurring | Readily Available Market Prices (Level 1) | Financial
Assets
Equity securities	423	426
Fair Value, Measurements, Recurring | Observable Market Data (Level 2)
Assets
Equity securities	0	0
Fair Value, Measurements, Recurring | Observable Market Data (Level 2) | Financial
Assets
Equity securities	0	0
Fair Value, Measurements, Recurring | Determined Fair Value (Level 3)
Assets
Equity securities	0	0
Fair Value, Measurements, Recurring | Determined Fair Value (Level 3) | Financial
Assets
Equity securities	$ 0	$ 0

Fair Value Measurements and D43

Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Nonrecurring Basis (Detail) - Assets measured on a nonrecurring basis - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Impaired loans
Assets
Assets measured at fair value	$ 4,213	$ 3,614
Other real estate owned
Assets
Assets measured at fair value	1,144	1,435
Loans held for sale
Assets
Assets measured at fair value	219	296
Mortgage servicing rights
Assets
Assets measured at fair value	179	192
Readily Available Market Prices (Level 1) | Impaired loans
Assets
Assets measured at fair value	0	0
Readily Available Market Prices (Level 1) | Other real estate owned
Assets
Assets measured at fair value	0	0
Readily Available Market Prices (Level 1) | Loans held for sale
Assets
Assets measured at fair value	0	0
Readily Available Market Prices (Level 1) | Mortgage servicing rights
Assets
Assets measured at fair value	0	0
Observable Market Data (Level 2) | Impaired loans
Assets
Assets measured at fair value	0	0
Observable Market Data (Level 2) | Other real estate owned
Assets
Assets measured at fair value	1,144	1,435
Observable Market Data (Level 2) | Loans held for sale
Assets
Assets measured at fair value	219	296
Observable Market Data (Level 2) | Mortgage servicing rights
Assets
Assets measured at fair value	179	192
Determined Fair Value (Level 3) | Impaired loans
Assets
Assets measured at fair value	4,213	3,614
Determined Fair Value (Level 3) | Other real estate owned
Assets
Assets measured at fair value	0	0
Determined Fair Value (Level 3) | Loans held for sale
Assets
Assets measured at fair value	0	0
Determined Fair Value (Level 3) | Mortgage servicing rights
Assets
Assets measured at fair value	$ 0	$ 0

Fair Value Measurements and D44

Fair Value Measurements and Disclosures - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Individually evaluated for impairment	$ 292	$ 280	$ 115
Financing receivables charge offs	$ 825	$ 790

Fair Value Measurements and D45

Fair Value Measurements and Disclosures - Carrying Amounts and Estimated Fair Values of Instruments (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Financial assets:
Cash and cash equivalents	$ 38,855	$ 28,229	$ 50,716	$ 49,769
Securities available-for-sale, at fair value	423	426
Held-to-maturity securities	31,908	32,229
FHLB stock	4,225	4,764
Loans held for sale	219	296
Net loans	585,006	580,959
Accrued interest and dividends receivable	1,710	1,668
Mortgage servicing rights	179	192
Financial liabilities:
Deposits	528,081	507,109
FHLB advances	73,645	81,330
Accrued interest payable	114	109
Real estate loans | Residential real estate
Financial assets:
Net loans	132,144	127,551
Real estate loans | Residential construction
Financial assets:
Net loans	7,656	8,401
Real estate loans | Commercial real estate
Financial assets:
Net loans	286,493	285,135
Real estate loans | Commercial construction
Financial assets:
Net loans	46,634	47,345
Real estate loans | Home equity
Financial assets:
Net loans	39,440	39,368
Commercial and industrial
Financial assets:
Net loans	70,220	70,674
Consumer
Financial assets:
Net loans	2,419	2,485
Readily Available Market Prices (Level 1)
Financial assets:
Cash and cash equivalents	38,855	28,229
Securities available-for-sale, at fair value	423	426
Held-to-maturity securities	0	0
FHLB stock	0	0
Loans held for sale	0	0
Net loans	0	0
Accrued interest and dividends receivable	0	0
Mortgage servicing rights	0	0
Financial liabilities:
Deposits	0	0
FHLB advances	0	0
Accrued interest payable	0	0
Readily Available Market Prices (Level 1) | Real estate loans | Residential real estate
Financial assets:
Net loans	0	0
Readily Available Market Prices (Level 1) | Real estate loans | Residential construction
Financial assets:
Net loans	0	0
Readily Available Market Prices (Level 1) | Real estate loans | Commercial real estate
Financial assets:
Net loans	0	0
Readily Available Market Prices (Level 1) | Real estate loans | Commercial construction
Financial assets:
Net loans	0	0
Readily Available Market Prices (Level 1) | Real estate loans | Home equity
Financial assets:
Net loans	0	0
Readily Available Market Prices (Level 1) | Commercial and industrial
Financial assets:
Net loans	0	0
Readily Available Market Prices (Level 1) | Consumer
Financial assets:
Net loans	0	0
Observable Market Data (Level 2)
Financial assets:
Cash and cash equivalents	0	0
Securities available-for-sale, at fair value	0	0
Held-to-maturity securities	31,993	32,935
FHLB stock	4,225	4,764
Loans held for sale	219	296
Net loans	0	0
Accrued interest and dividends receivable	1,710	1,668
Mortgage servicing rights	458	517
Financial liabilities:
Deposits	529,081	507,493
FHLB advances	74,532	81,646
Accrued interest payable	114	109
Observable Market Data (Level 2) | Real estate loans | Residential real estate
Financial assets:
Net loans	0	0
Observable Market Data (Level 2) | Real estate loans | Residential construction
Financial assets:
Net loans	0	0
Observable Market Data (Level 2) | Real estate loans | Commercial real estate
Financial assets:
Net loans	0	0
Observable Market Data (Level 2) | Real estate loans | Commercial construction
Financial assets:
Net loans	0	0
Observable Market Data (Level 2) | Real estate loans | Home equity
Financial assets:
Net loans	0	0
Observable Market Data (Level 2) | Commercial and industrial
Financial assets:
Net loans	0	0
Observable Market Data (Level 2) | Consumer
Financial assets:
Net loans	0	0
Determined Fair Value (Level 3)
Financial assets:
Cash and cash equivalents	0	0
Securities available-for-sale, at fair value	0	0
Held-to-maturity securities	0	0
FHLB stock	0	0
Loans held for sale	0	0
Net loans	589,602	581,945
Accrued interest and dividends receivable	0	0
Mortgage servicing rights	0	0
Financial liabilities:
Deposits	0	0
FHLB advances	0	0
Accrued interest payable	0	0
Determined Fair Value (Level 3) | Real estate loans | Residential real estate
Financial assets:
Net loans	134,684	129,514
Determined Fair Value (Level 3) | Real estate loans | Residential construction
Financial assets:
Net loans	7,630	8,365
Determined Fair Value (Level 3) | Real estate loans | Commercial real estate
Financial assets:
Net loans	287,999	283,566
Determined Fair Value (Level 3) | Real estate loans | Commercial construction
Financial assets:
Net loans	46,850	47,480
Determined Fair Value (Level 3) | Real estate loans | Home equity
Financial assets:
Net loans	39,422	39,273
Determined Fair Value (Level 3) | Commercial and industrial
Financial assets:
Net loans	70,409	71,090
Determined Fair Value (Level 3) | Consumer
Financial assets:
Net loans	$ 2,608	$ 2,657

Common Stock - Additional Infor

Common Stock - Additional Information (Detail) - Eighth Stock Repurchase Program	Sep. 16, 2015shares
Class of Stock [Line Items]
Number of shares authorized to be repurchased (in shares)	260,000
Number of shares authorized to be repurchased (as a percent)	5.00%

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail)	Apr. 18, 2016$ / shares	Apr. 04, 2016USD ($)	Mar. 31, 2016$ / shares	Mar. 31, 2015$ / shares
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share) | $ / shares			$ 0.09	$ 0.07
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share) | $ / shares	$ 0.09
Cash dividends, date of record	May 6, 2016
Cash dividends, payable date	May 23, 2016
Subsequent Event | Westfield Financial
Subsequent Event [Line Items]
Conversion of Stock, conversion ratio of Westfield Financial's common stock for Chicopee's common stock		2.425
Early contract termination fees | $		$ 4,000,000
Expense reimbursement fee | $		$ 750,000