MSB Financial 10-Q 15 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	15-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	MSB FINANCIAL CORP.
Document Type	10-Q
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		5,010,437
Amendment Flag	FALSE
Entity Central Index Key	1374783
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Consolidated_Statements_of_Fin

Consolidated Statements of Financial Condition (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Cash and due from banks	$6,046	$6,145
Interest-earning demand deposits with banks	803	1,374
Cash and Cash Equivalents	6,849	7,519
Securities held to maturity (fair value of $78,605 and $77,975, respectively)	78,228	78,518
Loans receivable, net of allowance for loan losses of $3,577 and $3,634, respectively	239,274	231,449
Other real estate owned	1,039	1,283
Premises and equipment	8,246	8,298
Federal Home Loan Bank of New York stock, at cost	2,030	1,710
Bank owned life insurance	7,299	7,246
Accrued interest receivable	1,431	1,251
Other assets	3,059	2,978
Total Assets	347,455	340,252
Deposits:
Non-interest bearing	26,679	24,821
Interest bearing	239,081	241,247
Total Deposits	265,760	266,068
Advances from Federal Home Loan Bank of New York	37,100	30,000
Advance payments by borrowers for taxes and insurance	664	575
Other liabilities	2,641	2,584
Total Liabilities	306,165	299,227
Stockholders’ Equity
Common stock, par value $0.10; 10,000,000 shares authorized; 5,620,625 issued; 5,010,437 outstanding	562	562
Paid-in capital	24,691	24,689
Retained earnings	21,982	21,766
Unallocated common stock held by ESOP (63,229 and 67,447 shares, respectively)	-632	-674
Treasury stock, at cost, 610,188 shares	-5,244	-5,244
Accumulated other comprehensive loss	-69	-74
Total Stockholders’ Equity	41,290	41,025
Total Liabilities and Stockholders’ Equity	$347,455	$340,252

Consolidated_Statements_of_Fin1

Consolidated Statements of Financial Condition (Unaudited) (Parentheticals) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Securities held to maturity, fair value (in Dollars)	$78,605	$77,975
Loans receivable, allowance for loan losses (in Dollars)	$3,577	$3,634
Common stock par value (in Dollars per share)	$0.10	$0.10
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	5,620,625	5,620,625
Common stock, shares outstanding	5,010,437	5,010,437
Unallocated common stock held by ESOP, shares	63,229	67,447
Treasury stock, shares	610,188	610,188

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Interest Income:
Loans receivable, including fees	$2,508	$2,549
Securities held to maturity	404	466
Other	22	23
Total Interest Income	2,934	3,038
Interest Expense
Deposits	365	394
Borrowings	189	191
Total Interest Expense	554	585
Net Interest Income	2,380	2,453
(Credit) provision for Loan Losses	-52	150
Net Interest Income after Provision for Loan Losses	2,432	2,303
Non-Interest Income
Fees and service charges	84	110
Income from bank owned life insurance	53	53
Other	26	21
Total Non-Interest Income	163	184
Non-Interest Expenses
Salaries and employee benefits	1,080	947
Directors compensation	113	109
Occupancy and equipment	327	356
Service bureau fees	144	161
Advertising	30	39
FDIC assessment	71	91
Professional services	172	131
Other	321	283
Total Non-Interest Expenses	2,258	2,117
Income before Income Taxes	337	370
Income Tax Expense	121	127
Net Income	216	243
Weighted average number of shares of common stock Outstanding basic and diluted (in Shares)	4,946	4,928
Earnings per share - basic and diluted (in Dollars per share)	$0.04	$0.05
Defined benefit pension plans:
Reclassification adjustment for prior service cost included in net income, net of tax of $3 and $-, respectively	-4	1
Actuarial loss arising during the period, net of tax of ($3) and $-, respectively	4
Reclassification adjustment for net actuarial loss (gain) included in net income, net of tax of ($4) and $1, respectively	5	-2
Total Other comprehensive income (loss)	5	-1
Comprehensive income	$221	$242

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Reclassification adjustment for prior service cost included in net income, Tax	$3	$0
Actuarial loss arising during period, Tax	-3	0
Reclassification adjustment for net actuarial (gain) loss included in net income, Tax	($4)	$1

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash Flows from Operating Activities:
Net Income	$216	$243
Adjustments to reconcile net income to net cash provided by operating activities:
Net (accretion) of securities discounts and deferred loan fees and costs	-4	-10
Depreciation and amortization of premises and equipment	104	123
Stock based compensation and allocation of ESOP stock	44	80
Provision for loan losses	-52	150
Loss on sale of other real estate owned	77
Income from bank owned life insurance	-53	-53
(Increase) decrease in accrued interest receivable	-180	113
(Increase) decrease in other assets	-85	19
Increase in other liabilities	66	16
Net Cash Provided by Operating Activities	133	681
Activity in held to maturity securities:
Purchases	-490	-1
Maturities, calls and principal repayments	757	718
Net increase in loans receivable	-646	-352
Purchased loan participations	-7,100
Purchase of premises and equipment	-52	-38
(Purchase) redemption of Federal Home Loan Bank of NY stock	-320	157
Capitalized improvements of other real estate owned	-89	-13
Proceeds from sale of other real estate owned	256
Net Cash (Used in) Provided by Investing Activities	-7,684	471
Cash Flows from Financing Activities:
Net (decrease) increase in deposits	-308	1,396
Increase (repayment) of advance from FHLB of NY	7,100	-3,500
Increase in advance payments by borrowers for taxes and insurance	89	38
Net Cash Provided by (Used in) Financing Activities	6,881	-2,066
Net Decrease in Cash and Cash Equivalents	-670	-914
Cash and Cash Equivalents – Beginning	7,519	5,645
Cash and Cash Equivalents – Ending	6,849	4,731
Supplementary Cash Flows Information
Interest paid	$555	$587

Note_1_Organization_and_Busine

Note 1 - Organization and Business	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Nature of Operations [Text Block]	Note 1 – Organization and Business
	MSB Financial Corp. (the “Company”) is a federally-chartered corporation organized in 2004 for the purpose of acquiring all of the capital stock that Millington Savings Bank (the “Bank”) issued in its mutual holding company reorganization. The Company’s principal business is the ownership and operation of the Bank.
	MSB Financial, MHC (the “MHC”) is a federally-chartered mutual holding company that was formed in 2004 in connection with the mutual holding company reorganization of the Bank. The MHC has not engaged in any significant business other than its ownership interest in the Company since its formation. So long as the MHC is in existence, it will at all times own a majority of the outstanding stock of the Company. At March 31, 2015, the MHC owned 61.7% of the Company’s outstanding common shares.
	The Bank is a New Jersey chartered stock savings bank and its deposits are insured by the Federal Deposit Insurance Corporation. The primary business of the Bank is attracting retail deposits from the general public and using those deposits together with funds generated from operations, principal repayments on securities and loans and borrowed funds, for its lending and investing activities. The Bank’s loan portfolio primarily consists of one-to-four family and home equity residential loans, commercial loans, and construction loans. It also invests in U.S. government obligations and mortgage-backed securities. The Bank is regulated by the New Jersey Department of Banking and Insurance and the Federal Deposit Insurance Corporation. The Board of Governors of the Federal Reserve System (the “Federal Reserve”) regulates the MHC and the Company as savings and loan holding companies.
	The primary business of Millington Savings Service Corp (the “Service Corp”) was the ownership and operation of a single commercial rental property. This property was sold during the year ended June 30, 2007. Currently the Service Corp is inactive.
	Change in Fiscal Year End
	Effective November 17, 2014, the Company changed its fiscal year end from June 30 to December 31.
	Adoption of Plan of Conversion and Reorganization
	On November 17, 2014, the Boards of Directors of the Company, the Bank and the MHC adopted a Plan of Conversion and Reorganization (the “Plan”) pursuant to which the MHC will undertake a “second-step” conversion and both the MHC and the Company will cease to exist. The Bank will reorganize from the two-tier mutual holding company form of organization to a fully public stock holding company form of organization. The terms of the Plan provide for the sale of shares of a newly-formed holding company representing the MHC’s ownership interest in the Company and for the exchange of shares of the Company for shares of the new holding company pursuant to an exchange ratio designed to approximate the existing shareholders’ percentage ownership interest after giving effect to assets held at the MHC level and dividend previously waived by the MHC as required by bank regulators. As of the date hereof, the MHC owned approximately 61.7% of the outstanding shares of the Company. MSB Financial Corp., a Maryland-chartered holding company, will offer shares of its common stock for sale to the Bank’s eligible account holders, to the Bank’s employee stock ownership plan and to members of the general public in a subscription and community offering in the manner, and subject to the priorities, set forth in the Plan. The highest priority will be depositors with qualifying deposits as of September 30, 2013. The conversion and reorganization are subject to the approval of the depositors of the Bank, the stockholders of the Company, the Board of Governors of the Federal Reserve System and the Securities and Exchange Commission.

Note_2_Basis_of_Consolidated_F

Note 2 - Basis of Consolidated Financial Statement Presentation	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 2 – Basis of Consolidated Financial Statement Presentation
	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, the Bank, and the Bank’s wholly owned subsidiary the Service Corp. All significant intercompany accounts and transactions have been eliminated in consolidation. These consolidated financial statements were prepared in accordance with instructions for Form 10-Q and Regulation S-X, and therefore, do not include all information or notes necessary for a complete presentation of financial condition, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States of America (“GAAP”).
	In the opinion of management, all adjustments, consisting of only normal recurring adjustments or accruals, which are necessary for a fair presentation of the consolidated financial statements have been made at March 31, 2015 and for the three months ended March 31, 2015 and 2014. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results which may be expected for an entire fiscal year or other interim periods.
	The data in the consolidated statement of financial condition for December 31, 2014 was derived from the Company’s audited consolidated financial statements as of and for the year then ended. That data, along with the interim financial information presented in the consolidated statements of financial condition, comprehensive income, and cash flows should be read in conjunction with the audited consolidated financial statements as of and for the year ended December 31, 2014, including the notes thereto included in the Company’s Transition Report on Form 10-KT.
	In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the consolidated statements of financial condition and revenues and expenses for the periods then ended. Actual results could differ significantly from those estimates.
	A material estimate that is particularly susceptible to significant change relates to the determination of the allowance for loan losses. Management believes that the allowance for loan losses is adequate. While management uses all available information to recognize losses on loans, future additions to the allowance for loan losses may be necessary based on changes in economic conditions in the Bank’s market area. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Bank’s allowance for loan losses. Such agencies may require the Bank to recognize additions to the allowance for loan losses based on their judgments about information available to them at the time of their examinations.

Note_3_Subsequent_Events

Note 3 - Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 3 – Subsequent Events
	In accordance with Financial Accounting Standards Board (the “FASB”) Accounting Standards Codification (the “ASC”) Topic 855, Subsequent Events, management has evaluated potential subsequent events through the date of these consolidated financial statements were issued.

Note_4_Earnings_Per_Share

Note 4 - Earnings Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 4 – Earnings Per Share
	Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period, exclusive of the unallocated shares held by the Employee Stock Ownership Plan (“ESOP”) and unvested shares of restricted stock. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as outstanding stock options, were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. Diluted earnings per share is calculated by adjusting the weighted average number of shares of common stock outstanding to include the effect of contracts or securities exercisable (such as stock options) or which could be converted into common stock, if dilutive, using the treasury stock method. Diluted earnings per share did not differ from basic earnings per share for the three months ended March 31, 2015 and 2014, as the 275,410 weighted average number of outstanding stock options, although exercisable in 2015, were anti-dilutive.

Note_5_StockBased_Compensation

Note 5 - Stock-Based Compensation	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 5 – Stock-Based Compensation
	On March 10, 2008, the Company’s stockholders approved the 2008 Stock Compensation and Incentive Plan. This plan permits the granting of up to 275,410 options to purchase Company common stock. Pursuant to this plan, on May 9, 2008, the Board of Directors granted 275,410 options having an exercise price of $10.75 per share, the fair market value of the shares at the grant date. The grant date fair value of the options was estimated to be $2.99 per share based on the Black-Scholes option pricing model. Options are exercisable for 10 years from date of grant. As of March 31, 2015 and 2014 all stock based compensation expense related to these awards had been recognized.
	On November 9, 2009 the Company’s the 2008 Plan was amended. The primary purpose of the amendment was to increase the number of shares of Company common stock authorized for issuance under the 2008 Plan from 275,410 to 385,574; with such additional shares to be available for awards in the form of restricted stock awards. The Company re-purchased 110,164 shares of the Company common stock for an aggregate purchase price of $932,000 and on December 14, 2009, granted the shares to certain employees and directors. The restricted stock awards vest over a five-year period and the related expense was recognized over that time based on the fair value of the Company’s common stock at the date of grant. The vesting period related to these awards ended during the fourth quarter of 2014. Consequently, no stock based compensation expense was recognized during the three months ended March 31, 2015 compared with stock based compensation expense related to these awards in the amount of $45,000 with a tax benefit of $18,000 for the three-months ended March 31, 2014.

Note_6_Fair_Value_Measurements

Note 6 - Fair Value Measurements

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

Note 6 - Fair Value Measurements

The Company uses fair value measurements to record fair value adjustments to certain assets and to determined fair value disclosures.

FASB ASC Topic 820, Fair Market Value Disclosures (“ASC 820”), defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability shall not be adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact.

ASC 820 requires the use of valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. In that regard, ASC 820 establishes a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows:

●

Level 1 Inputs – Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

●

Level 2 Inputs – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment speeds, credit risks, etc.) or inputs that are derived principally from or corroborated by market data by correlation or other means.

●

Level 3 Inputs – Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities.

A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.

In general, fair value is based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon internally developed models that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time. The Company’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future values. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date.

Assets Measured at Fair Value on a Recurring Basis

The Bank did not have any financial assets measured at fair value on a recurring basis as of March 31, 2015 and December 31, 2014.

Assets Measured at Fair Value on a Non-Recurring Basis

Certain financial and non-financial assets are measured at fair value on a non-recurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment).

The following table summarizes those assets measured at fair value on a non-recurring basis as of March 31, 2015 and December 31, 2014:

31-Mar-15

Level 1

Level 2

Level 3

Total Fair

Inputs

Inputs

Inputs

Value

(In thousands)

Impaired loans

$

—

$

—

$

119

$

119

31-Dec-14

Level 1

Level 2

Level 3

Total Fair

Inputs

Inputs

Inputs

Value

(In thousands)

Impaired loans

$

—

$

—

$

1,308

$

1,308

For Level 3 assets measured at fair value on a non-recurring basis as of March 31, 2015 and December 31, 2014, the significant unobservable inputs used in fair value measurements were as follows:

As of March 31, 2015

Fair Value Estimate

Valuation Techniques

Unobservable Input

Range (Weighted Average)

(Dollars in thousands)

Impaired loans

$

119

Appraisal of collateral

Appraisal adjustments

0% to - 0%

0.00%

Liquidation expense

14.9% to 14.9%

-1.90%

As of December 31, 2014

Fair Value Estimate

Valuation Techniques

Unobservable Input

Range (Weighted Average)

(Dollars in thousands)

Impaired loans

$

1,308

Appraisal of collateral

Appraisal adjustments

0% to - 6.87%

-0.09%

Liquidation expense

4.56% to -52.9%

-8.40%

An impaired loan is measured for impairment at the time the loan is identified as impaired. Loans are considered impaired when based on current information and events it is probable that payments of interest and principal will not be made in accordance with the contractual terms of the loan agreement. The Company’s impaired loans are generally collateral dependent and, as such, are carried at the lower of cost or estimated fair value less estimated selling costs. Fair values are estimated through current appraisals and adjusted as necessary to reflect current market conditions and as such are classified as Level 3.

Other real estate owned is carried at the lower of cost or fair value less estimated selling costs. The fair value of other real estate owned is determined based upon independent third-party appraisals of the properties. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. As of March 31, 2015 and December 31, 2014 there was no further impairment of the other real estate owned balance below the cost basis established at the time the other real estate owned was originally recognized. Accordingly, the table above does not include other real estate owned.

Disclosure about Fair Value of Financial Instruments

Fair value of a financial instrument is defined above. Significant estimates were used for the purposes of disclosing fair values. Estimated fair values have been determined using the best available data and estimation methodology suitable for each category of financial instruments. However, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective reporting dates, and have not been reevaluated or updated for purposes of these consolidated financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported.

The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful.

The following presents the carrying amount and the fair value as of March 31, 2015 and December 31, 2014, and placement in the fair value hierarchy of the Company’s financial instruments which are carried on the consolidated statement of financial condition at cost and are not recorded at fair value on a recurring basis. This table excludes financial instruments for which carrying amount approximates fair value, which includes cash and cash equivalents, Federal Home Loan Bank stock, accrued interest receivable, interest and non-interest bearing demand, savings and club deposits, and accrued interest payable.

Carrying

Fair

Level 1

Level 2

Level 3

As of March 31, 2015

Amount

Value

Inputs

Inputs

Inputs

(In thousands)

Financial assets:

Securities held to maturity

$

78,228

$

78,605

$

-

$

78,605

$

-

Loans receivable (1)

239,274

241,816

-

-

241,816

Financial liabilities:

Certificate of deposits

90,777

93,149

-

93,149

-

Advances from Federal Home Loan Bank of New York

37,100

38,262

-

38,262

-

As of December 31, 2014

Financial assets:

Securities held to maturity

78,518

77,975

-

77,975

-

Loans receivable (1)

231,449

233,629

-

233,629

Financial liabilities:

Certificate of deposits

93,938

95,146

-

95,146

-

Advances from Federal Home Loan Bank of New York

30,000

31,111

-

31,111

-

(1) Includes impaired loans measured at fair value on a non-recurring basis as discussed above.

Methods and assumptions used to estimate fair values of financial instruments previously disclosed are as follows:

Cash and Cash Equivalents

For cash and cash equivalents, the carrying amount is a reasonable estimate of fair value.

Securities Held to Maturity

The fair value for securities held to maturity is based on quoted market prices, where available. If quoted market prices are not available, fair value is estimated using quoted market prices for similar securities.

Loans Receivable

The fair value of loans is based upon a multitude of sources, including assumed current market rates by category and the Company’s current offering rates.  Both fixed and variable rate loan fair values are derived at using a discounted cash flow methodology.  For variable rate loans, repricing terms, including next repricing date, repricing frequency and repricing rate are factored into the discounted cash flow formula.

Federal Home Loan Bank of New York Stock

The carrying amount of Federal Home Loan Bank of New York stock approximates fair value since the Company is generally able to redeem this stock at par.

Accrued Interest Receivable and Payable

The carrying amounts of accrued interest receivable and payable approximate fair value due to the short term nature of these instruments.

Deposits

Fair values for demand and savings and club accounts are, by definition, equal to the amount payable on demand at the reporting date. Fair values of fixed-maturity certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on similar instruments with similar maturities.

Advances from Federal Home Loan Bank of New York

Fair values of advances are estimated using discounted cash flow analyses, based on rates currently available to the Company for advances from the Federal Home Loan Bank of New York with similar terms and remaining maturities.

Off-Balance Sheet Financial Instruments

Fair values of commitments to extend credit are estimated using the fees currently charged to enter into similar agreements, taking into account market interest rates, the remaining terms, and the present credit worthiness of the counterparties. As of March 31, 2015 and December 31, 2014, the fair value of the commitments to extend credit was not considered to be material.

Note_7_Loans_Receivable_and_Al

Note 7 - Loans Receivable and Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 7 - Loans Receivable and Allowance for Credit Losses
	The composition of loans receivable at March 31, 2015 and December 31, 2014 was as follows:
			March 31,			December 31,
			2015			2014
			(In thousands)
	Residential mortgage:
	One-to-four family		$	144,705		$	144,966
	Home equity			36,833			36,847
				181,538			181,813
	Commercial and multi-family real estate			39,439			31,637
	Construction			12,955			12,651
	Commercial and industrial			10,429			9.663
				62,823			53,951
	Consumer:
	Deposit accounts			906			913
	Automobile			27			30
	Personal			27			32
	Overdraft protection			176			177
				1,136			1,152
				245,497			236,916
	Loans in process			(2,269	)		(1,499	)
	Deferred loan fees			(377	)		(334	)
			$	242,851		$	235,083
	Loans are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct loan origination costs, are deferred and recognized as an adjustment of the yield (interest income) of the related loans. The Company is generally amortizing these amounts over the contractual life of the loan.
	For all classes of loans receivable, the accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectability of principal or interest, even though the loan is currently performing. Certain loans may remain on accrual status if they are in the process of collection and are either guaranteed or well secured. When a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the allowance for loan losses. Interest received on nonaccrual loans, including impaired loans, generally is either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months) and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past due status of all classes of loans receivable is determined based on contractual due dates for loan payments.
	The allowance for credit losses consists of the allowance for loan losses and the reserve for unfunded lending commitments. The allowance for loan losses represents management’s estimate of losses inherent in the loan portfolio as of the statement of financial condition date and is recorded as a reduction to loans. The reserve for unfunded lending commitments represents management’s estimate of losses inherent in its unfunded loan commitments and is recorded in other liabilities, when required, on the consolidated statement of financial condition. The allowance for credit losses is increased by the provision for loan losses, and decreased by charge-offs, net of recoveries. All, or part, of the principal balance of loans receivable that are deemed uncollectible is charged against the allowance for loan losses when management determines that the repayment of that amount is highly unlikely. Any subsequent recoveries are credited to the allowance for loan losses. Non-residential consumer loans are generally charged off no later than 120 days past due on a contractual basis - earlier in the event of bankruptcy, or if there is an amount deemed uncollectible.
	The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant revision as more information becomes available.
	In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Bank’s allowance for loan losses. Such agencies may require the Bank to recognize additions to the allowance based on their judgments about information available to them at the time of their examinations.
	The allowance calculation methodology includes segregation of the total loan portfolio into segments. The Company’s loans receivable portfolio is comprised of the following segments: residential mortgage, commercial real estate, construction, commercial and industrial and consumer. Some segments of the Company’s loan receivable portfolio are further disaggregated into classes which allows management to better monitor risk and performance.
	The residential mortgage loan segment is disaggregated into two classes: one-to-four family loans, which are primarily first liens, and home equity loans, which consist of first and second liens. The commercial real estate loan segment includes owner and non-owner occupied loans which have medium risk based on historical experience with these type loans. The construction loan segment is further disaggregated into two classes: one-to-four family owner occupied, which includes land loans, whereby the owner is known and there is less risk, and other, whereby the property is generally under development and tends to have more risk than the one-to-four family owner occupied loans. The commercial and industrial loan segment consists of loans made for the purpose of financing the activities of commercial customers. The majority of commercial and industrial loans are secured by real estate and thus carry a lower risk than traditional commercial and industrial loans. The consumer loan segment consists primarily of installment loans and overdraft lines of credit connected with customer deposit accounts.
	The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. For loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers pools of loans by loan class. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these classes of loans, adjusted for qualitative factors. These qualitative risk factors include:
	1	Lending policies and procedures, including underwriting standards and collection, charge-off, and recovery practices.
	2	National, regional, and local economic and business conditions as well as the condition of various market segments, including the value of underlying collateral for collateral dependent loans.
	3	Nature and volume of the portfolio and terms of loans.
	4	Experience, ability, and depth of lending management and staff.
	5	Volume and severity of past due, classified and nonaccrual loans as well as and other loan modifications.
	6	Quality of the Company’s loan review system, and the degree of oversight by the Company’s Board of Directors.
	7	Existence and effect of any concentrations of credit and changes in the level of such concentrations.
	8	Effect of external factors, such as competition and legal and regulatory requirements.
	Each factor is assigned a value to reflect improving, stable or declining conditions based on management’s best judgment using relevant information available at the time of the evaluation.
	An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio.
	Impaired Loans
	Management evaluates individual loans in all of the loan segments (including loans in residential mortgage and consumer segments) for possible impairment if the recorded investment in the loan is greater than $200,000 and if the loan is either in nonaccrual status or is risk rated Substandard or worse or has been modified in a troubled debt restructuring. A loan is 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.
	Loans whose terms are modified are classified as a troubled debt restructuring (“TDR”) if the Company grants such borrowers concessions and it is deemed that those borrowers are experiencing financial difficulty. Concessions granted under a TDR generally involve a reduction in interest rate, a below market rate given the associated credit risk, or an extension of a loan’s stated maturity date. Non-accrual TDRs are restored to accrual status if principal and interest payments, under the modified terms, are current for six consecutive months after modification. Loans classified as TDRs are designated as impaired until they are ultimately repaid in full or foreclosed and sold. The nature and extent of impairment of TDRs, including those which experienced a subsequent default, is considered in the determination of an appropriate level of allowance for loan losses.
	Once the determination has been made that a loan is impaired, impairment is measured by comparing the recorded investment in the loan to one of the following: (a) the present value of expected cash flows (discounted at the loan’s effective interest rate), (b) the loan’s observable market price or (c) the fair value of collateral adjusted for expected selling costs. The method is selected on a loan-by-loan basis with management primarily utilizing the fair value of collateral method.
	The estimated fair values of the real estate collateral are determined primarily through third-party appraisals. When a real estate secured loan becomes impaired, a decision is made regarding whether an updated certified appraisal of the real estate is necessary. This decision is based on various considerations, including the age of the most recent appraisal, the loan-to-value ratio based on the original appraisal and the condition of the property. Appraised values are discounted to arrive at the estimated selling price of the collateral, which is considered to be the estimated fair value. The discounts also include estimated costs to sell the property.
	The estimated fair values of the non-real estate collateral, such as accounts receivable, inventory and equipment, are determined based on the borrower’s financial statements, inventory reports, accounts receivable aging schedule or equipment appraisals or invoices. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets.
	The evaluation of the need and amount of the allowance for impaired loans and whether a loan can be removed from impairment status is made on a quarterly basis. The Company’s policy for recognizing interest income on impaired loans does not differ from its overall policy for interest recognition.
	The following tables present impaired loans by class, segregated by those for which a related allowance was required and those for which a related allowance was not necessary as of March 31, 2015 and December 31, 2014. The average recorded investment and interest income recognized is presented for the three-month periods ended March 31, 2015 and 2014.
			31-Mar-15								31-Dec-14
						Unpaid							Unpaid
			Recorded			Principal			Related		Recorded		Principal			Related
			Investment			Balance			Allowance		Investment		Balance			Allowance
			(In thousands)
	With no related allowance recorded:
	Residential mortgage
	One-to-four family		$	14,545		$	15,234		$	-	$	14,479	$	15,168		$	-
	Home equity			1,323			1,417			-		734		828			-
	Commercial and multi-family real estate			1,856			2,320			-		1,328		1,386			-
	Construction
	One-to-four family occupied			-			-					-		-
	Other			500			500			-		564		638			-
	Commercial and industrial			723			1,263			-		727		1,266			-
				18,947			20,734			-		17,832		19,286			-
With an allowance recorded:
Residential mortgage
One-to-four family			119			119			2		-		-			-
Home equity			-			-			-		-		-			-
Commercial and multi-family real estate			-			-			-		544		943			7
Construction
One-to-four family occupied			-			-			-		-		-			-
Other			64			138			21		-		-			-
Commercial and industrial			-			-			-		-		-			-
			183			257			23		544		943			7
Total:
Residential mortgage
One-to-four family			14,664			15,353			2		14,479		15,168			-
Home equity			1,323			1,417			-		734		828			-
Commercial and multi-family real estate			1,856			2,320			-		1,872		2,329			-
Construction
One-to-four family occupied			-			-			-		-		-			-
Other			564			638			21		564		638			7
Commercial and industrial			723			1,263			-		727		1,267			-
		$	19,130		$	20,991		$	23	$	18,376	$	20,229		$	7
As of March 31, 2015 and December 31, 2014, impaired loans listed above included $16.5 million and $16.1 million, respectively, of loans previously modified in TDRs and as such are considered impaired under GAAP. As of March 31, 2015 and December 31, 2014, $11.9 million and $11.5 million, respectively, of these loans have been performing in accordance with their modified terms for an extended period of time and as such have been removed from non-accrual status and are considered performing.
		Three Months Ended						Three Months Ended
		31-Mar-15						31-Mar-14
		Average			Interest			Average		Interest
		Recorded			Income			Recorded		Income
		Investment			Recognized			Investment		Recognized
		(In thousands)
With no related allowance recorded:
Residential:
One-to-four family		$	14,512		$	157		$	15,376	$	163
Home equity			1,029			10			1,640		6
Commercial and multi-family real estate			1,592			21			1,096		9
Construction
One-to-four family occupied			-			-			1,707		24
Other			532			3			750		8
Commercial and industrial			725			12			659		7
			18,390			203			21,228		217
With an allowance recorded:
Residential mortgage:
One-to-four family			59			-			269		-
Home equity			-			-			134		-
Commercial and multi-family real estate			272			-			559		10
Construction
One-to-four family occupied			-			-			-		-
Other			32			1			137		1
Commercial and industrial			-			-			177		1
Consumer			-			-			2		-
			363			1			1,278		12
Total:
Residential mortgage:
One-to-four family			14,571			157			15,645		163
Home equity			1,029			10			31,774		6
Commercial and multi-family real estate			1,864			21			1,655		19
Construction
One-to-four family occupied			-			-			1,707		24
Other			564			4			887		9
Commercial and industrial			725			12			836		8
Consumer			-			-			2		-
		$	18,753		$	204		$	22,506	$	229
Credit Quality Indicators
Management uses a ten point internal risk rating system to monitor the credit quality of the loans in the Company’s commercial real estate, construction and commercial and industrial loan segments. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually or when credit deficiencies, such as delinquent loan payments, arise. The criticized rating categories utilized by management generally follow bank regulatory definitions. The first six risk rating categories are considered not criticized, and are aggregated as “Pass” rated. The “Special Mention” category includes assets that are currently protected, but are potentially weak, resulting in increased credit risk and deserving management’s close attention.  If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects.  Loans classified “Substandard” have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected.  These include loans that are inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any.  Loans classified “Doubtful” have all the weaknesses inherent in loans classified “Substandard” with the added characteristic that collection or liquidation in full, on the basis of current conditions and facts, is highly improbable. Loans classified as a “Loss” are considered uncollectible and subsequently charged off.
The following tables present the classes of the loans receivable portfolio summarized by the aggregate “Pass” and the criticized categories of “Special Mention”, “Substandard”, “Doubtful” and “Loss” within the internal risk rating system as of March 31, 2015 and December 31, 2014:
As of March 31, 2015		Pass			Special Mention			Substandard		Doubtful		Loss			Total
		(In thousands)
Commercial and multi-family real estate		$	35,358		$	2,384		$	1,601	$	-	$	-		$	39,343
Construction
One-to-four family owner occupied			1,942			-			-		-		-			1,942
Other			8,010			624			44		-		21			8,699
Residential:
One-to-four family			138,326			462			5,688				2			144,478
Home equity			35,637			-			1,194							36,831
Commercial and Industrial			9,555			100			767		-		-			10,422
Consumer			1,127			-			9		-		-			1,136
Total		$	229,955		$	3,570		$	9,303	$	-	$	23		$	242,851
As of December 31, 2014		Pass			Special Mention			Substandard		Doubtful		Loss			Total
		(In thousands)
Commercial and multi-family real estate		$	27,617		$	2,344		$	1,613	$	-	$	-		$	31,574
Construction
One-to-four family owner occupied			1,760			-			-		-		-			1,760
Other			8,351			940			64		-		-			9,355
Residential:
One-to-four family			139,946			465			4,332		-		-			144,743
Home equity			36,243			-			602		-		-			36,845
Commercial and Industrial			8,781			102			771		-		-			9,654
Consumer			1,143			-			9		-		-			1,152
Total		$	223,841		$	3,851		$	7,391	$	-	$	-		$	235,083
Management further monitors the performance and credit quality of the loan receivable portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following tables represent the classes of the loans receivable portfolio summarized by aging categories of performing loans and non-accrual loans as of March 31, 2015 and December 31, 2014:
As of March 31, 2015		30-59 Days Past Due			60-89 Days Past Due			Greater than 90 Days		Total		Current			Total Loans			Nonaccrual			Loans Receivable >
										Past Due					Receivables			Loans			90 Days and
																					Accruing
		(In thousands)
Residential Mortgage:
One-to-four family		$	2,943			1,497			1,415		5,855	$	138,623		$	144,478		$	4,316		$	235
Home equity			253			-			267		520		36,311			36,831			1,023			50
Commercial and multi-family real estate			-			-			1,227		1,227		38,116			39,343			1,227			-
Construction
One-to-four family owner occupied			-			-			-		-		1,942			1,942			-			-
Other			498			-			64		562		8,137			8,699			64			-
Commercial and industrial			50			-			216		266		10,156			10,422			624			-
Consumer			-			-			-		-		1,136			1,136			-			-
Total		$	3,744		$	1,497		$	3,189	$	8,430	$	234,421		$	242,851		$	7,254		$	285
As of December 31, 2014		30-59 Days Past Due			60-89 Days Past Due			Greater than 90 Days		Total		Current			Total Loans			Nonaccrual			Loans Receivable >
										Past Due					Receivables			Loans			90 Days and
																					Accruing
		(In thousands)
Residential Mortgage:
One-to-four family		$	2,271			901			1,266		4,438	$	140,305		$	144,743		$	3,360		$	360
Home equity			98			-			223		321		36,524			36,845			430			-
Commercial and multi-family real estate			-			-			1,239		1,239		30,335			31,574			1,239			-
Construction
One-to-four family owner occupied			-			-			-		-		1,760			1,760			-			-
Other			-			65			-		65		9,290			9,355			65			-
Commercial and industrial			260			-			169		429		9,225			9,654			628			-
Consumer			-			-			-		-		1,152			1,152			-			-
Total		$	2,629		$	966		$	2,897	$	6,492	$	228,591		$	235,083		$	5,722		$	360
Allowance for Loan Losses
The following tables summarize the allowance for loan losses, by the portfolio segment, segregated into the amounts required for loans individually evaluated for impairment and the amounts required for loans collectively evaluated for impairment as of March 31, 2015 and December 31, 2014. The activity in the allowance for loan losses is presented for the three-month periods ended March 31, 2015 and 2014 (in thousands):
		As of March 31, 2015
		Residential			Commercial and Multi-Family			Construction		Commercial and		Consumer			Unallocated			Total
		Mortgage			Real Estate					Industrial
Allowance for loan losses:
Ending balance		$	2,025		$	899		$	327	$	308	$	6		$	12		$	3,577
Ending balance: individually evaluated for impairment		$	2		$	-		$	21	$	-	$	-		$	-		$	23
Ending balance: collectively evaluated for impairment		$	2,023		$	899		$	306	$	308	$	6		$	12		$	3,554
Loans receivables:
Ending balance		$	181,309		$	39,343		$	10,641	$	10,422	$	1,136		$	-		$	242,851
Ending balance: individually evaluated for impairment		$	15,987		$	1,856		$	564	$	723	$	-		$	-		$	19,130
Ending balance: collectively evaluated for impairment		$	165,322		$	37,487		$	10,077	$	9,699	$	1,136		$	-		$	223,721
		As of December 31, 2014
		Residential			Commercial and Multi-Family			Construction		Commercial and		Consumer			Unallocated			Total
		Mortgage			Real Estate					Industrial
Allowance for loan losses:
Ending balance		$	2,109		$	885		$	317	$	290	$	6		$	27		$	3,634
Ending balance: individually evaluated for impairment		$	-		$	7		$	-	$	-	$	-			-		$	7
Ending balance: collectively evaluated for impairment		$	2,109		$	878		$	317	$	290	$	6		$	27		$	3,627
Loans receivables:
Ending balance		$	181,588		$	31,574		$	11,115	$	9,654	$	1,152			-		$	235,083
Ending balance: individually evaluated for impairment		$	15,213		$	1,872		$	564	$	727	$	-			-		$	18,376
Ending balance: collectively evaluated for impairment		$	166,375		$	29,702		$	10,551	$	8,927	$	1,152			-		$	216,707
		Three Months Ended March 31, 2015
		Residential			Commercial and Multi-Family			Construction		Commercial and		Consumer			Unallocated			Total
		Mortgage			Real Estate					Industrial
Allowance for loan losses:
Beginning balance		$	2,109		$	885		$	317	$	290	$	6		$	27		$	3,634
Charge-offs			(7	)		-			-		-		-			-			(7	)
Recoveries			2			-			-		-		-			-			2
(Credit) provision			(79	)		14			10		18		-			(15	)		(52	)
Ending balance		$	2,025		$	899		$	327	$	308	$	6		$	12		$	3,577
		Three Months Ended March 31, 2014
		Residential			Commercial and Multi-Family			Construction		Commercial and		Consumer			Unallocated			Total
		Mortgage			Real Estate					Industrial
Allowance for loan losses:
Beginning balance		$	2,366		$	619		$	286	$	293	$	12		$	3		$	3,579
Charge-offs			-			-			-		-		(2	)					(2	)
Recoveries			-			-			-		-		-						-
(Credit) provision			(49	)		95			26		80					(2	)		150
Ending balance		$	2,317		$	714		$	312	$	373	$	10		$	1		$	3,727
Federal regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination, which may not be currently available to management. Based on management’s comprehensive analysis of the loan portfolio, management believes the current level of the allowance for loan losses is adequate.
Troubled Debt Restructurings
The recorded investment balance of TDRs totaled $16.5 million and $16.1 million at March 31, 2015 and December 31, 2014 respectively. The majority of the Bank’s TDRs are on accrual status. TDRs on accrual status were $11.9 million and $11.5 million at March 31, 2015 and December 31, 2014, while TDRs on non-accrual status were $2.7 million and $3.4 million at these respective dates. At March 31, 2015 and December 31, 2014, the allowance for loan losses included specific reserves of $73,000 and $7,000, respectively, related to TDRs.
The following table summarizes by class TDRs during the three months ended March 31, 2015 and 2014. There was one home equity loan that was modified in TDR during the three months ended March 31, 2015. An interest only period was initiated until October 2016 after which the loan is on a fifteen year amortization schedule. There was one residential mortgage loan modified in TDR during the three months ended March 31, 2014. The loan was re-amortized based on its current balance with no changes to interest rate or remaining term.
		Three Months Ended March 31, 2015
		Number of			Pre-Modification			Post-Modification
		Contracts			Outstanding Recorded			Outstanding Recorded
					Investments			Investments
					(In thousands)
Residential Mortgage
Home equity			1		$	167		$	167
Total			1		$	167		$	167
		Three Months Ended March 31, 2014
		Number of			Pre-Modification			Post-Modification
		Contracts			Outstanding Recorded			Outstanding Recorded
					Investments			Investments
					(In thousands)
Residential Mortgage
One-to-four family			1		$	235		$	255
Total			1		$	235		$	255
The Bank did not have any loans modified in troubled debt restructuring during the previous 12 months and for which there was a subsequent payment default during the three months ended March 31, 2015.
The following table summarizes loans modified in troubled debt restructurings during the previous 12 months and for which there was a subsequent default during the three months ended March 31, 2014.
		Three Months Ended March 31, 2014
		Number of			Pre-Modification			Post-Modification
		Contracts			Outstanding Recorded			Outstanding Recorded
					Investments			Investments
					(In thousands)
Commercial and multi-family real estate			1		$	49		$	23
Total			1		$	49		$	23
We may obtain physical possession of residential real estate collateralizing a consumer mortgage loan via foreclosure or an in-substance repossession. As of March 31, 2015, we held foreclosed residential real estate properties with a carrying value of $1.0 million as a result of obtaining physical possession. In addition, as of March 31, 2015, we had consumer loans with a carrying value of $1.0 million collateralized by residential real estate property for which formal foreclosure proceedings were in process.

Note_8_Securities_Held_to_Matu

Note 8 - Securities Held to Maturity	3 Months Ended
	Mar. 31, 2015
Investment Holdings [Abstract]
Investment Holdings [Text Block]	Note 8 - Securities Held to Maturity
	The amortized cost of securities held to maturity and their estimated fair values as of March 31, 2015 and December 31, 2014, are summarized as follows:
		Amortized		Gross		Gross		Estimated
		Cost		Unrealized		Unrealized		Fair
				Gains		Losses		Value
	31-Mar-15	(In Thousands)
	U.S. Government agencies:
	Due after one year to five years	$	21,000	$	7	$	84	$	20,923
	Due after five through ten years		11,180		7		93		11,094
	Due after ten years		12,000		-		235		11,765
			44,180		14		412		43,782
	Mortgage-backed securities		25,101		763		62		25,802
	Corporate bonds:
	Due after one year to five years		3,101		44		3		3,142
	Due after five through ten years		1,500		4		2		1,502
			4,601		48		5		4,644
	Certificates of deposit:
	Due within one year		1,405		2		-		1,407
	Due after one year to five years		2,941		29		-		2,970
			4,346		31		-		4,377
		$	78,228	$	856	$	479	$	78,605
	Note 8 - Securities Held to Maturity - Continued
		Amortized		Gross		Gross		Estimated
		Cost		Unrealized		Unrealized		Fair
				Gains		Losses		Value
	31-Dec-14	(In Thousands)
	U.S. Government agencies:
	Due after one year to five years	$	19,000	$	-	$	270	$	18,730
	Due after five through ten years		13,180		-		303		12,877
	Due thereafter		12,000		-		394		11,606
			44,180		-		967		43,213
	Mortgage-backed securities		25,426		567		184		25,809
	Corporate bonds:
	Due after one through five years		3,111		35		9		3,137
	Due after five through ten years		1,500		2		3		1,499
			4,611		37		12		4,636
	Certificates of deposit:
	Due within one year		1,380		3		-		1,383
	Due after one through five years		2,921		14		1		2,934
			4,301		17		1		4,317
		$	78,518	$	621	$	1,164	$	77,975
	All mortgage-backed securities at March 31, 2015 and December 31, 2014 have been issued by FNMA, FHLMC or GNMA and are secured by one-to-four family residential real estate. The amortized cost and estimated fair value of securities held to maturity at March 31, 2015 and December 31, 2014, as shown above, are reported by contractual maturity. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
	There were no sales of securities held to maturity during the three months ended March 31, 2015 or 2014. At March 31, 2015 and December 31, 2014, securities held to maturity with a fair value of approximately $1.0 million and $992,000, respectively, were pledged to secure public funds on deposit.
	The following tables set forth the gross unrealized losses and fair value of securities in an unrealized loss position as of March 31, 2015 and December 31, 2014, and the length of time that such securities have been in a continuous unrealized loss position:
		Less than 12 Months				More than 12 Months				Total
		Estimated Fair		Gross		Estimated Fair		Gross		Estimated Fair		Gross
		Value		Unrealized		Value		Unrealized		Value		Unrealized
				Losses				Losses				Losses
		(In thousands)
	March 31, 2015:
	U.S. Government agencies	$	-	$	-	$	39,595		412	$	39,595	$	412
	Mortgage-backed securities		4		-		5,864		62		5,868		62
	Corporate bonds		998		2		1,023		3		2,021		5
	Certificates of deposit		-		-		-		-		-		-
		$	1,002	$	2	$	46,482	$	477	$	47,484	$	479
		Less than 12 Months				More than 12 Months				Total
		Estimated Fair		Gross		Estimated Fair		Gross		Estimated Fair		Gross
		Value		Unrealized		Value		Unrealized		Value		Unrealized
				Losses				Losses				Losses
		(In thousands)
	31-Dec-14
	U.S. Government agencies	$	-	$	-	$	43,213	$	967	$	43,213	$	967
	Mortgage-backed securities		12		-		13,499		184		13,511		184
	Corporate bonds		998		3		1,020		9		2,018		12
Certificates of deposit		489		1		-		-		489		1
	$	1,499	$	4	$	57,732	$	1,160	$	59,231	$	1,164
At March 31, 2015, management concluded that the unrealized losses summarized above (which related to twenty-one U.S. Government agency bonds, seven mortgage-backed securities and three corporate bonds, compared to thirty-one U.S. Government agency bonds, fourteen mortgage-backed securities, three corporate bonds and two certificate of deposit as of December 31, 2014) are temporary in nature since they are not related to the underlying credit quality of the issuer. The Company does not intend to sell these securities and it is not more-likely-than-not that the Company would be required to sell these securities prior to the anticipated recovery of the remaining amortized cost. Management believes that the losses above are primarily related to the change in market interest rates. Accordingly, the Company has not recognized any other-than-temporary impairment loss on these securities.

Note_9_Retirement_Plans

Note 9 - Retirement Plans	3 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	Note 9 – Retirement Plans
	Periodic expenses for the Company’s retirement plans, which include the Directors’ Retirement Plan and the Executive Incentive Retirement Plan, were as follows:
		Three Months Ended
		March 31,
		2015			2014
		(In thousands)
	Service cost	$	4		$	15
	Interest cost		20			23
	Amortization of unrecognized loss (gain)		9			(3	)
	Amortization of past service liability		(7	)		1
		$	26		$	36
	The Company previously disclosed in its Transition Form 10-KT as of December 31, 2014 that it expected to contribute $34,000 to the Plan during the current fiscal year.  As of March 31, 2015, the Company contributed $8,500.

Note_10_Stock_Offering_and_Sto

Note 10 - Stock Offering and Stock Repurchase Program	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Note 10 – Stock Offering and Stock Repurchase Program
	During the three months ended March 31, 2015 the Company did not repurchase any shares of its common stock.

Note_11_Recent_Accounting_Pron

Note 11 - Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 11 – Recent Accounting Pronouncements
	In January 2014, FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors, which clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. For public entities, the guidance is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The adoption of this guidance did not have a material impact on our consolidated financial statements
	In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (ASU 2014-09), which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP The standard was to be effective for annual periods beginning after December 15, 2016, and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures). . In April 2015, the FASB decided to propose a one-year delay of the effective date for the new revenue recognition standard that it issued jointly with the IASB in 2014. The deferral would require public entities to apply the new revenue standard for annual reporting periods beginning after December 15, 2017 (i.e., January 1, 2018 for a calendar year entity), including interim reporting periods therein. Public entities would be permitted to elect to early adopt for annual reporting periods beginning after December 15, 2016.We are currently evaluating the impact of the pending adoption of ASU 2014-09 on our consolidated financial statements and have not yet determined the method by which we will adopt the standard in 2017 or 2018 if FASB elects to delay the effective date.
	In June 2014, FASB issued ASU 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures, which amends previously issued guidance on this topic. The amendments in this Update require two accounting changes. (1) repurchase-to-maturity transactions will be accounted for as secured borrowing transactions on the balance sheet, rather than sales and (2) for repurchase financing arrangements, the amendments require separate accounting for a transfer of a financial asset executed contemporaneously with (or in contemplation of) a repurchase agreement with the same counterparty, which also will generally result in secured borrowing accounting for the repurchase agreement. This ASU also introduces new disclosures to increase transparency about the types of collateral pledged for repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions that are accounted for as secured borrowings. The ASU also requires a transferor to disclose information about transactions accounted for as a sale in which the transferor retains substantially all of the exposure to the economic return on the transferred financial assets through an agreement with the transferee. For public entities, the accounting changes and disclosure for certain transactions accounted for as a sale are effective for the first interim or annual period beginning after December 15, 2014. The disclosure for transactions accounted for as secured borrowings is required for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. All entities are required to present changes in accounting for transactions outstanding on the effective date as a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. The adoption of this guidance did not have a material impact on our consolidated financial statements.

Note_12_Reclassifications_Out_

Note 12 - Reclassifications Out of Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Reclassifications [Text Block]	Note 12 – Reclassifications Out of Accumulated Other Comprehensive Income
	Details about Accumulated Other Comprehensive Income (Loss) Components		Amount Reclassified				Amount Reclassified			Affected Line Item in the Consolidated Statements of Comprehensive Income (Loss)
			from Accumulated				from Accumulated
			Other Comprehensive				Other Comprehensive
			Income (Loss) (a)				Income (Loss) (a)
			Three Months Ended				Three Months Ended
			31-Mar-15				31-Mar-14
			(In thousands)
	Amortization of defined benefit pension items:
	Prior service costs		$	7		(b)	$	(1	)	Directors compensation
	Unrecognized loss			(9	)	(b)		(4	)	Directors compensation
	Unrecognized gain			-		(b)		7		Salary and employee benefits
				(2	)			2		Total before tax
				1				(1	)	Income tax expense
	Total reclassifications for the period		$	(1	)		$	1		Net of tax
	(a)	Amounts in parenthesis indicate debits to profit/loss.
	(b)	These accumulated other comprehensive components are included in the computation of net periodic pension cost. (See Note 9 for additional details).

Note_6_Fair_Value_Measurements1

Note 6 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements, Nonrecurring [Table Text Block]		31-Mar-15
		Level 1			Level 2			Level 3		Total Fair
		Inputs			Inputs			Inputs		Value
		(In thousands)
	Impaired loans	$	—		$	—		$	119	$	119
		31-Dec-14
		Level 1			Level 2			Level 3		Total Fair
		Inputs			Inputs			Inputs		Value
		(In thousands)
	Impaired loans	$	—		$	—		$	1,308	$	1,308
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]		As of March 31, 2015
		Fair Value Estimate		Valuation Techniques		Unobservable Input	Range (Weighted Average)
		(Dollars in thousands)
	Impaired loans	$	119	Appraisal of collateral		Appraisal adjustments		0% to - 0%	0.00%
						Liquidation expense		14.9% to 14.9%	-1.90%
		As of December 31, 2014
		Fair Value Estimate		Valuation Techniques		Unobservable Input	Range (Weighted Average)
		(Dollars in thousands)
	Impaired loans	$	1,308	Appraisal of collateral		Appraisal adjustments		0% to - 6.87%	-0.09%
						Liquidation expense		4.56% to -52.9%	-8.40%
Fair Value, by Balance Sheet Grouping [Table Text Block]		Carrying			Fair			Level 1		Level 2		Level 3
	As of March 31, 2015	Amount			Value			Inputs		Inputs		Inputs
					(In thousands)
	Financial assets:
	Securities held to maturity	$	78,228		$	78,605		$	-	$	78,605	$	-
	Loans receivable (1)		239,274			241,816			-		-		241,816
	Financial liabilities:
	Certificate of deposits		90,777			93,149			-		93,149		-
	Advances from Federal Home Loan Bank of New York		37,100			38,262			-		38,262		-
	As of December 31, 2014
	Financial assets:
	Securities held to maturity		78,518			77,975			-		77,975		-
	Loans receivable (1)		231,449			233,629			-				233,629
	Financial liabilities:
	Certificate of deposits		93,938			95,146			-		95,146		-
	Advances from Federal Home Loan Bank of New York		30,000			31,111			-		31,111		-

Note_7_Loans_Receivable_and_Al1

Note 7 - Loans Receivable and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2015
Note 7 - Loans Receivable and Allowance for Credit Losses (Tables) [Line Items]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]		March 31,			December 31,
		2015			2014
		(In thousands)
	Residential mortgage:
	One-to-four family	$	144,705		$	144,966
	Home equity		36,833			36,847
			181,538			181,813
	Commercial and multi-family real estate		39,439			31,637
	Construction		12,955			12,651
	Commercial and industrial		10,429			9.663
			62,823			53,951
	Consumer:
	Deposit accounts		906			913
	Automobile		27			30
	Personal		27			32
	Overdraft protection		176			177
			1,136			1,152
			245,497			236,916
	Loans in process		(2,269	)		(1,499	)
	Deferred loan fees		(377	)		(334	)
		$	242,851		$	235,083
Impaired Financing Receivables [Table Text Block]		31-Mar-15								31-Dec-14
					Unpaid							Unpaid
		Recorded			Principal			Related		Recorded		Principal			Related
		Investment			Balance			Allowance		Investment		Balance			Allowance
		(In thousands)
	With no related allowance recorded:
	Residential mortgage
	One-to-four family	$	14,545		$	15,234		$	-	$	14,479	$	15,168		$	-
	Home equity		1,323			1,417			-		734		828			-
	Commercial and multi-family real estate		1,856			2,320			-		1,328		1,386			-
	Construction
	One-to-four family occupied		-			-					-		-
	Other		500			500			-		564		638			-
	Commercial and industrial		723			1,263			-		727		1,266			-
			18,947			20,734			-		17,832		19,286			-
	With an allowance recorded:
	Residential mortgage
	One-to-four family		119			119			2		-		-			-
	Home equity		-			-			-		-		-			-
	Commercial and multi-family real estate		-			-			-		544		943			7
	Construction
	One-to-four family occupied		-			-			-		-		-			-
	Other		64			138			21		-		-			-
	Commercial and industrial		-			-			-		-		-			-
			183			257			23		544		943			7
	Total:
	Residential mortgage
	One-to-four family		14,664			15,353			2		14,479		15,168			-
	Home equity		1,323			1,417			-		734		828			-
	Commercial and multi-family real estate		1,856			2,320			-		1,872		2,329			-
	Construction
	One-to-four family occupied		-			-			-		-		-			-
	Other		564			638			21		564		638			7
	Commercial and industrial		723			1,263			-		727		1,267			-
		$	19,130		$	20,991		$	23	$	18,376	$	20,229		$	7
		Three Months Ended						Three Months Ended
		31-Mar-15						31-Mar-14
		Average			Interest			Average		Interest
		Recorded			Income			Recorded		Income
		Investment			Recognized			Investment		Recognized
		(In thousands)
	With no related allowance recorded:
	Residential:
	One-to-four family	$	14,512		$	157		$	15,376	$	163
	Home equity		1,029			10			1,640		6
	Commercial and multi-family real estate		1,592			21			1,096		9
	Construction
	One-to-four family occupied		-			-			1,707		24
	Other		532			3			750		8
	Commercial and industrial		725			12			659		7
			18,390			203			21,228		217
	With an allowance recorded:
	Residential mortgage:
	One-to-four family		59			-			269		-
	Home equity		-			-			134		-
	Commercial and multi-family real estate		272			-			559		10
	Construction
	One-to-four family occupied		-			-			-		-
	Other		32			1			137		1
	Commercial and industrial		-			-			177		1
	Consumer		-			-			2		-
			363			1			1,278		12
	Total:
	Residential mortgage:
One-to-four family		14,571			157			15,645		163
Home equity		1,029			10			31,774		6
Commercial and multi-family real estate		1,864			21			1,655		19
Construction
One-to-four family occupied		-			-			1,707		24
Other		564			4			887		9
Commercial and industrial		725			12			836		8
Consumer		-			-			2		-
	$	18,753		$	204		$	22,506	$	229
Financing Receivable Credit Quality Indicators [Table Text Block]	As of March 31, 2015	Pass			Special Mention			Substandard		Doubtful		Loss			Total
		(In thousands)
	Commercial and multi-family real estate	$	35,358		$	2,384		$	1,601	$	-	$	-		$	39,343
	Construction
	One-to-four family owner occupied		1,942			-			-		-		-			1,942
	Other		8,010			624			44		-		21			8,699
	Residential:
	One-to-four family		138,326			462			5,688				2			144,478
	Home equity		35,637			-			1,194							36,831
	Commercial and Industrial		9,555			100			767		-		-			10,422
	Consumer		1,127			-			9		-		-			1,136
	Total	$	229,955		$	3,570		$	9,303	$	-	$	23		$	242,851
	As of December 31, 2014	Pass			Special Mention			Substandard		Doubtful		Loss			Total
		(In thousands)
	Commercial and multi-family real estate	$	27,617		$	2,344		$	1,613	$	-	$	-		$	31,574
	Construction
	One-to-four family owner occupied		1,760			-			-		-		-			1,760
	Other		8,351			940			64		-		-			9,355
	Residential:
	One-to-four family		139,946			465			4,332		-		-			144,743
	Home equity		36,243			-			602		-		-			36,845
	Commercial and Industrial		8,781			102			771		-		-			9,654
	Consumer		1,143			-			9		-		-			1,152
	Total	$	223,841		$	3,851		$	7,391	$	-	$	-		$	235,083
Past Due Financing Receivables [Table Text Block]	As of March 31, 2015	30-59 Days Past Due			60-89 Days Past Due			Greater than 90 Days		Total		Current			Total Loans			Nonaccrual			Loans Receivable >
										Past Due					Receivables			Loans			90 Days and
																					Accruing
		(In thousands)
	Residential Mortgage:
	One-to-four family	$	2,943			1,497			1,415		5,855	$	138,623		$	144,478		$	4,316		$	235
	Home equity		253			-			267		520		36,311			36,831			1,023			50
	Commercial and multi-family real estate		-			-			1,227		1,227		38,116			39,343			1,227			-
	Construction
	One-to-four family owner occupied		-			-			-		-		1,942			1,942			-			-
	Other		498			-			64		562		8,137			8,699			64			-
	Commercial and industrial		50			-			216		266		10,156			10,422			624			-
	Consumer		-			-			-		-		1,136			1,136			-			-
	Total	$	3,744		$	1,497		$	3,189	$	8,430	$	234,421		$	242,851		$	7,254		$	285
	As of December 31, 2014	30-59 Days Past Due			60-89 Days Past Due			Greater than 90 Days		Total		Current			Total Loans			Nonaccrual			Loans Receivable >
										Past Due					Receivables			Loans			90 Days and
																					Accruing
		(In thousands)
	Residential Mortgage:
	One-to-four family	$	2,271			901			1,266		4,438	$	140,305		$	144,743		$	3,360		$	360
	Home equity		98			-			223		321		36,524			36,845			430			-
	Commercial and multi-family real estate		-			-			1,239		1,239		30,335			31,574			1,239			-
	Construction
	One-to-four family owner occupied		-			-			-		-		1,760			1,760			-			-
	Other		-			65			-		65		9,290			9,355			65			-
	Commercial and industrial		260			-			169		429		9,225			9,654			628			-
	Consumer		-			-			-		-		1,152			1,152			-			-
	Total	$	2,629		$	966		$	2,897	$	6,492	$	228,591		$	235,083		$	5,722		$	360
Allowance for Credit Losses on Financing Receivables [Table Text Block]		As of March 31, 2015
		Residential			Commercial and Multi-Family			Construction		Commercial and		Consumer			Unallocated			Total
		Mortgage			Real Estate					Industrial
	Allowance for loan losses:
	Ending balance	$	2,025		$	899		$	327	$	308	$	6		$	12		$	3,577
	Ending balance: individually evaluated for impairment	$	2		$	-		$	21	$	-	$	-		$	-		$	23
	Ending balance: collectively evaluated for impairment	$	2,023		$	899		$	306	$	308	$	6		$	12		$	3,554
	Loans receivables:
	Ending balance	$	181,309		$	39,343		$	10,641	$	10,422	$	1,136		$	-		$	242,851
	Ending balance: individually evaluated for impairment	$	15,987		$	1,856		$	564	$	723	$	-		$	-		$	19,130
	Ending balance: collectively evaluated for impairment	$	165,322		$	37,487		$	10,077	$	9,699	$	1,136		$	-		$	223,721
		As of December 31, 2014
		Residential			Commercial and Multi-Family			Construction		Commercial and		Consumer			Unallocated			Total
		Mortgage			Real Estate					Industrial
	Allowance for loan losses:
	Ending balance	$	2,109		$	885		$	317	$	290	$	6		$	27		$	3,634
	Ending balance: individually evaluated for impairment	$	-		$	7		$	-	$	-	$	-			-		$	7
	Ending balance: collectively evaluated for impairment	$	2,109		$	878		$	317	$	290	$	6		$	27		$	3,627
	Loans receivables:
	Ending balance	$	181,588		$	31,574		$	11,115	$	9,654	$	1,152			-		$	235,083
	Ending balance: individually evaluated for impairment	$	15,213		$	1,872		$	564	$	727	$	-			-		$	18,376
	Ending balance: collectively evaluated for impairment	$	166,375		$	29,702		$	10,551	$	8,927	$	1,152			-		$	216,707
Troubled Debt Restructurings on Financing Receivables [Table Text Block]		Three Months Ended March 31, 2015
		Number of			Pre-Modification			Post-Modification
		Contracts			Outstanding Recorded			Outstanding Recorded
					Investments			Investments
					(In thousands)
	Residential Mortgage
	Home equity		1		$	167		$	167
	Total		1		$	167		$	167
		Three Months Ended March 31, 2014
		Number of			Pre-Modification			Post-Modification
		Contracts			Outstanding Recorded			Outstanding Recorded
					Investments			Investments
					(In thousands)
	Residential Mortgage
	One-to-four family		1		$	235		$	255
	Total		1		$	235		$	255
		Three Months Ended March 31, 2014
		Number of			Pre-Modification			Post-Modification
		Contracts			Outstanding Recorded			Outstanding Recorded
					Investments			Investments
					(In thousands)
	Commercial and multi-family real estate		1		$	49		$	23
	Total		1		$	49		$	23
Additional Information [Member]
Note 7 - Loans Receivable and Allowance for Credit Losses (Tables) [Line Items]
Allowance for Credit Losses on Financing Receivables [Table Text Block]		Three Months Ended March 31, 2015
		Residential			Commercial and Multi-Family			Construction		Commercial and		Consumer			Unallocated			Total
		Mortgage			Real Estate					Industrial
	Allowance for loan losses:
	Beginning balance	$	2,109		$	885		$	317	$	290	$	6		$	27		$	3,634
	Charge-offs		(7	)		-			-		-		-			-			(7	)
	Recoveries		2			-			-		-		-			-			2
	(Credit) provision		(79	)		14			10		18		-			(15	)		(52	)
	Ending balance	$	2,025		$	899		$	327	$	308	$	6		$	12		$	3,577
		Three Months Ended March 31, 2014
		Residential			Commercial and Multi-Family			Construction		Commercial and		Consumer			Unallocated			Total
		Mortgage			Real Estate					Industrial
	Allowance for loan losses:
	Beginning balance	$	2,366		$	619		$	286	$	293	$	12		$	3		$	3,579
	Charge-offs		-			-			-		-		(2	)					(2	)
	Recoveries		-			-			-		-		-						-
	(Credit) provision		(49	)		95			26		80					(2	)		150
	Ending balance	$	2,317		$	714		$	312	$	373	$	10		$	1		$	3,727

Note_8_Securities_Held_to_Matu1

Note 8 - Securities Held to Maturity (Tables)	3 Months Ended
	Mar. 31, 2015
Investment Holdings [Abstract]
Investments Classified by Contractual Maturity Date [Table Text Block]		Amortized		Gross		Gross		Estimated
		Cost		Unrealized		Unrealized		Fair
				Gains		Losses		Value
	31-Mar-15	(In Thousands)
	U.S. Government agencies:
	Due after one year to five years	$	21,000	$	7	$	84	$	20,923
	Due after five through ten years		11,180		7		93		11,094
	Due after ten years		12,000		-		235		11,765
			44,180		14		412		43,782
	Mortgage-backed securities		25,101		763		62		25,802
	Corporate bonds:
	Due after one year to five years		3,101		44		3		3,142
	Due after five through ten years		1,500		4		2		1,502
			4,601		48		5		4,644
	Certificates of deposit:
	Due within one year		1,405		2		-		1,407
	Due after one year to five years		2,941		29		-		2,970
			4,346		31		-		4,377
		$	78,228	$	856	$	479	$	78,605
		Amortized		Gross		Gross		Estimated
		Cost		Unrealized		Unrealized		Fair
				Gains		Losses		Value
	31-Dec-14	(In Thousands)
	U.S. Government agencies:
	Due after one year to five years	$	19,000	$	-	$	270	$	18,730
	Due after five through ten years		13,180		-		303		12,877
	Due thereafter		12,000		-		394		11,606
			44,180		-		967		43,213
	Mortgage-backed securities		25,426		567		184		25,809
	Corporate bonds:
	Due after one through five years		3,111		35		9		3,137
	Due after five through ten years		1,500		2		3		1,499
			4,611		37		12		4,636
	Certificates of deposit:
	Due within one year		1,380		3		-		1,383
	Due after one through five years		2,921		14		1		2,934
			4,301		17		1		4,317
		$	78,518	$	621	$	1,164	$	77,975
Schedule of Unrealized Loss on Investments [Table Text Block]		Less than 12 Months				More than 12 Months				Total
		Estimated Fair		Gross		Estimated Fair		Gross		Estimated Fair		Gross
		Value		Unrealized		Value		Unrealized		Value		Unrealized
				Losses				Losses				Losses
		(In thousands)
	March 31, 2015:
	U.S. Government agencies	$	-	$	-	$	39,595		412	$	39,595	$	412
	Mortgage-backed securities		4		-		5,864		62		5,868		62
	Corporate bonds		998		2		1,023		3		2,021		5
	Certificates of deposit		-		-		-		-		-		-
		$	1,002	$	2	$	46,482	$	477	$	47,484	$	479
		Less than 12 Months				More than 12 Months				Total
		Estimated Fair		Gross		Estimated Fair		Gross		Estimated Fair		Gross
		Value		Unrealized		Value		Unrealized		Value		Unrealized
				Losses				Losses				Losses
		(In thousands)
	31-Dec-14
	U.S. Government agencies	$	-	$	-	$	43,213	$	967	$	43,213	$	967
	Mortgage-backed securities		12		-		13,499		184		13,511		184
	Corporate bonds		998		3		1,020		9		2,018		12
	Certificates of deposit		489		1		-		-		489		1
		$	1,499	$	4	$	57,732	$	1,160	$	59,231	$	1,164

Note_9_Retirement_Plans_Tables

Note 9 - Retirement Plans (Tables)	3 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Schedule of Net Benefit Costs [Table Text Block]		Three Months Ended
		March 31,
		2015			2014
		(In thousands)
	Service cost	$	4		$	15
	Interest cost		20			23
	Amortization of unrecognized loss (gain)		9			(3	)
	Amortization of past service liability		(7	)		1
		$	26		$	36

Note_12_Reclassifications_Out_1

Note 12 - Reclassifications Out of Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified				Amount Reclassified			Affected Line Item in the Consolidated Statements of Comprehensive Income (Loss)
		from Accumulated				from Accumulated
		Other Comprehensive				Other Comprehensive
		Income (Loss) (a)				Income (Loss) (a)
		Three Months Ended				Three Months Ended
		31-Mar-15				31-Mar-14
		(In thousands)
	Amortization of defined benefit pension items:
	Prior service costs	$	7		(b)	$	(1	)	Directors compensation
	Unrecognized loss		(9	)	(b)		(4	)	Directors compensation
	Unrecognized gain		-		(b)		7		Salary and employee benefits
			(2	)			2		Total before tax
			1				(1	)	Income tax expense
	Total reclassifications for the period	$	(1	)		$	1		Net of tax

Note_1_Organization_and_Busine1

Note 1 - Organization and Business (Details)	Mar. 31, 2015
Disclosure Text Block [Abstract]
Equity Method Investment, Ownership Percentage	61.70%

Note_4_Earnings_Per_Share_Deta

Note 4 - Earnings Per Share (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	275,410	275,410

Note_5_StockBased_Compensation1

Note 5 - Stock-Based Compensation (Details) (USD $)	3 Months Ended	0 Months Ended		3 Months Ended
	Mar. 31, 2015	Nov. 09, 2009	9-May-08	Mar. 31, 2014	Mar. 10, 2008
Note 5 - Stock-Based Compensation (Details) [Line Items]
Treasury Stock, Shares, Acquired	0
Allocated Share-based Compensation Expense (in Dollars)	$0
Scenario, Previously Reported [Member] | 2008 Stock Compensation and Incentive Plan [Member]
Note 5 - Stock-Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			275,410
2008 Stock Compensation and Incentive Plan [Member]
Note 5 - Stock-Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		385,574			275,410
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			275,410
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price (in Dollars per share)			$10.75
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)			$2.99
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			10 years
Treasury Stock, Shares, Acquired		110,164
Treasury Stock, Value, Acquired, Cost Method (in Dollars)		932,000
Allocated Share-based Compensation Expense (in Dollars)				45,000
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense (in Dollars)				$18,000

Note_6_Fair_Value_Measurements2

Note 6 - Fair Value Measurements (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Assets, Fair Value Disclosure, Recurring	$0	$0

Note_6_Fair_Value_Measurements3

Note 6 - Fair Value Measurements (Details) - Fair Value Assets Measured on Nonrecurring Basis (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Fair Value, Inputs, Level 3 [Member]
Note 6 - Fair Value Measurements (Details) - Fair Value Assets Measured on Nonrecurring Basis [Line Items]
Impaired loans	$119	$1,308
Fair Value, Measurements, Nonrecurring [Member]
Note 6 - Fair Value Measurements (Details) - Fair Value Assets Measured on Nonrecurring Basis [Line Items]
Impaired loans	$119	$1,308

Note_6_Fair_Value_Measurements4

Note 6 - Fair Value Measurements (Details) - Additional Qualitative Information About Level 3 Assets (Fair Value, Inputs, Level 3 [Member], USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Appraisal Adjustments [Member] | Minimum [Member]
Note 6 - Fair Value Measurements (Details) - Additional Qualitative Information About Level 3 Assets [Line Items]
Range	0.00%	0.00%
Weighted Average	0.00%	0.00%
Appraisal Adjustments [Member] | Maximum [Member]
Note 6 - Fair Value Measurements (Details) - Additional Qualitative Information About Level 3 Assets [Line Items]
Range	0.00%	6.87%
Weighted Average	0.00%	-6.87%
Appraisal Adjustments [Member] | Weighted Average [Member]
Note 6 - Fair Value Measurements (Details) - Additional Qualitative Information About Level 3 Assets [Line Items]
Range	0.00%	0.09%
Weighted Average	0.00%	-0.09%
Appraisal Adjustments [Member]
Note 6 - Fair Value Measurements (Details) - Additional Qualitative Information About Level 3 Assets [Line Items]
Fair Value Estimate (in Dollars)	119	1,308
Valuation Techniques	Appraisal of collateral	Appraisal of collateral
Liquidation Expenses [Member] | Minimum [Member]
Note 6 - Fair Value Measurements (Details) - Additional Qualitative Information About Level 3 Assets [Line Items]
Range		4.56%
Weighted Average		-4.56%
Liquidation Expenses [Member] | Maximum [Member]
Note 6 - Fair Value Measurements (Details) - Additional Qualitative Information About Level 3 Assets [Line Items]
Range		52.90%
Weighted Average		-52.90%
Liquidation Expenses [Member] | Weighted Average [Member]
Note 6 - Fair Value Measurements (Details) - Additional Qualitative Information About Level 3 Assets [Line Items]
Range		8.40%
Weighted Average		-8.40%
Minimum [Member]
Note 6 - Fair Value Measurements (Details) - Additional Qualitative Information About Level 3 Assets [Line Items]
Range	14.90%
Weighted Average	-14.90%
Maximum [Member]
Note 6 - Fair Value Measurements (Details) - Additional Qualitative Information About Level 3 Assets [Line Items]
Range	14.90%
Weighted Average	-14.90%
Weighted Average [Member]
Note 6 - Fair Value Measurements (Details) - Additional Qualitative Information About Level 3 Assets [Line Items]
Range	1.90%
Weighted Average	-1.90%

Note_6_Fair_Value_Measurements5

Note 6 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities (USD $)	Mar. 31, 2015		Dec. 31, 2014
In Thousands, unless otherwise specified
Financial assets:
Securities held to maturity	$78,605		$77,975
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Securities held to maturity	78,605		77,975
Financial liabilities:
Certificate of deposits	93,149		95,146
Advances from Federal Home Loan Bank of New York	38,262		31,111
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Loans receivable	241,816	[1]	233,629	[1]
Reported Value Measurement [Member]
Financial assets:
Securities held to maturity	78,228		78,518
Loans receivable	239,274	[1]	231,449	[1]
Financial liabilities:
Certificate of deposits	90,777		93,938
Advances from Federal Home Loan Bank of New York	37,100		30,000
Estimate of Fair Value Measurement [Member]
Financial assets:
Securities held to maturity	78,605		77,975
Loans receivable	241,816	[1]	233,629	[1]
Financial liabilities:
Certificate of deposits	93,149		95,146
Advances from Federal Home Loan Bank of New York	$38,262		$31,111
[1]	Includes impaired loans measured at fair value on a non-recurring basis as discussed above.

Note_7_Loans_Receivable_and_Al2

Note 7 - Loans Receivable and Allowance for Credit Losses (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Note 7 - Loans Receivable and Allowance for Credit Losses (Details) [Line Items]
Minimum Threshold For Impairment Evaluation	$200,000
Financing Receivable, Modifications, Recorded Investment	16,500,000		16,100,000
Impaired Financing Receivable, Recorded Investment	19,130,000		18,376,000
Financing Receivable, Modifications, Accrual Status, Recorded Investment	11,900,000		11,500,000
Financing Receivable, Modifications, Nonaccrual Status, Recorded Investment	2,700,000		3,400,000
Financing Receivable, Allowance for Credit Losses, Troubled Debt Restructuring	73,000		7,000
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0
Loans and Leases Receivable, Net Amount	239,274,000		231,449,000
Residential Mortgage: Home Equity [Member]
Note 7 - Loans Receivable and Allowance for Credit Losses (Details) [Line Items]
Financing Receivable, Modifications, Number of Contracts	1
Residential Portfolio Segment [Member]
Note 7 - Loans Receivable and Allowance for Credit Losses (Details) [Line Items]
Financing Receivable, Modifications, Number of Contracts		1
Residential [Member]
Note 7 - Loans Receivable and Allowance for Credit Losses (Details) [Line Items]
Real Estate Acquired Through Foreclosure	1,000,000
Consumer Loans Collaterlized by Resdential Real Estate [Member]
Note 7 - Loans Receivable and Allowance for Credit Losses (Details) [Line Items]
Loans and Leases Receivable, Net Amount	1,000,000
Performing Financing Receivable [Member]
Note 7 - Loans Receivable and Allowance for Credit Losses (Details) [Line Items]
Impaired Financing Receivable, Recorded Investment	$11,900,000		$11,500,000

Note_7_Loans_Receivable_and_Al3

Note 7 - Loans Receivable and Allowance for Credit Losses (Details) - Composition of Total Loans Receivable (USD $)	Mar. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$245,497,000	$236,916,000
Loans in process	-2,269,000	-1,499,000
Deferred loan fees	-377,000	-334,000
	242,851,000	235,083,000
Residential Mortgage: One-to-Four Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	144,705,000	144,966,000
	144,478,000	144,743,000
Residential Mortgage: Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	36,833,000	36,847,000
	36,831,000	36,845,000
Total Residential Mortgage Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	181,538,000	181,813,000
Commercial and Multi-Family Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	39,439,000	31,637,000
	39,343,000	31,574,000
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	12,955,000	12,651,000
	10,641,000	11,115,000
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	10,429,000	9,663
	10,422,000	9,654,000
Commercial Real Estate Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	62,823,000	53,951,000
Consumer: Deposit Accounts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	906,000	913,000
Consumer: Automobile [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	27,000	30,000
Consumer: Personal Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	27,000	32,000
Consumer: Overdraft Protection [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	176,000	177,000
Total Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	1,136,000	1,152,000
	$1,136,000	$1,152,000

Note_7_Loans_Receivable_and_Al4

Note 7 - Loans Receivable and Allowance for Credit Losses (Details) - Impaired Loans by Class (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Residential mortgage
With no related allowance recorded-Recorded Investment	$18,947		$17,832
With no related allowance recorded-Unpaid Principal Balance	20,734		19,286
With no related allowance recorded-Average Recorded Investment	18,390	21,228
With no related allowance recorded-Interest Income Recognized	203	217
Residential mortgage
With an allowance recorded-Recorded Investment	183		544
With an allowance recorded-Unpaid Principal Balance	257		943
With an allowance recorded-Related Allowance	23		7
With an allowance recorded-Average Recorded Investment	363	1,278
With an allowance recorded-Interest Income Recognized	1	12
Residential mortgage
Recorded Investment	19,130		18,376
Unpaid Principal Balance	20,991		20,229
Related Allowance	23		7
Average Recorded Investment	18,753	22,506
Interest Income Recognized	204	229
Residential Mortgage: One-to-Four Family [Member]
Residential mortgage
With no related allowance recorded-Recorded Investment	14,545		14,479
With no related allowance recorded-Unpaid Principal Balance	15,234		15,168
With no related allowance recorded-Average Recorded Investment	14,512	15,376
With no related allowance recorded-Interest Income Recognized	157	163
Residential mortgage
With an allowance recorded-Recorded Investment	119
With an allowance recorded-Unpaid Principal Balance	119
With an allowance recorded-Related Allowance	2
With an allowance recorded-Average Recorded Investment	59	269
Residential mortgage
Recorded Investment	14,664		14,479
Unpaid Principal Balance	15,353		15,168
Related Allowance	2
Average Recorded Investment	14,571	15,645
Interest Income Recognized	157	163
Residential Mortgage: Home Equity [Member]
Residential mortgage
With no related allowance recorded-Recorded Investment	1,323		734
With no related allowance recorded-Unpaid Principal Balance	1,417		828
With no related allowance recorded-Average Recorded Investment	1,029	1,640
With no related allowance recorded-Interest Income Recognized	10	6
Residential mortgage
With an allowance recorded-Average Recorded Investment		134
Residential mortgage
Recorded Investment	1,323		734
Unpaid Principal Balance	1,417		828
Average Recorded Investment	1,029	31,774
Interest Income Recognized	10	6
Commercial and Multi-Family Real Estate [Member]
Residential mortgage
With no related allowance recorded-Recorded Investment	1,856		1,328
With no related allowance recorded-Unpaid Principal Balance	2,320		1,386
With no related allowance recorded-Average Recorded Investment	1,592	1,096
With no related allowance recorded-Interest Income Recognized	21	9
Residential mortgage
With an allowance recorded-Recorded Investment			544
With an allowance recorded-Unpaid Principal Balance			943
With an allowance recorded-Related Allowance			7
With an allowance recorded-Average Recorded Investment	272	559
With an allowance recorded-Interest Income Recognized		10
Residential mortgage
Recorded Investment	1,856		1,872
Unpaid Principal Balance	2,320		2,329
Related Allowance			7
Average Recorded Investment	1,864	1,655
Interest Income Recognized	21	19
Construction: One-to-Four Family Occupied [Member]
Residential mortgage
With no related allowance recorded-Average Recorded Investment		1,707
With no related allowance recorded-Interest Income Recognized		24
Residential mortgage
Average Recorded Investment		1,707
Interest Income Recognized		24
Construction: Other [Member]
Residential mortgage
With no related allowance recorded-Recorded Investment	500		564
With no related allowance recorded-Unpaid Principal Balance	500		638
With no related allowance recorded-Average Recorded Investment	532	750
With no related allowance recorded-Interest Income Recognized	3	8
Residential mortgage
With an allowance recorded-Recorded Investment	64
With an allowance recorded-Unpaid Principal Balance	138
With an allowance recorded-Related Allowance	21		7
With an allowance recorded-Average Recorded Investment	32	137
With an allowance recorded-Interest Income Recognized	1	1
Residential mortgage
Recorded Investment	564		564
Unpaid Principal Balance	638		638
Related Allowance	21		7
Average Recorded Investment	564	887
Interest Income Recognized	4	9
Commercial and Industrial [Member]
Residential mortgage
With no related allowance recorded-Recorded Investment	723		727
With no related allowance recorded-Unpaid Principal Balance	1,263		1,266
With no related allowance recorded-Average Recorded Investment	725	659
With no related allowance recorded-Interest Income Recognized	12	7
Residential mortgage
With an allowance recorded-Average Recorded Investment		177
With an allowance recorded-Interest Income Recognized		1
Residential mortgage
Recorded Investment	723		727
Unpaid Principal Balance	1,263		1,267
Average Recorded Investment	725	836
Interest Income Recognized	12	8
Consumer Portfolio Segment [Member]
Residential mortgage
With an allowance recorded-Average Recorded Investment		2
Residential mortgage
Average Recorded Investment		$2

Note_7_Loans_Receivable_and_Al5

Note 7 - Loans Receivable and Allowance for Credit Losses (Details) - Financing Receivable Credit Quality Indicators (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	$242,851	$235,083
Commercial and Multi-Family Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	35,358	27,617
Commercial and Multi-Family Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	2,384	2,344
Commercial and Multi-Family Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	1,601	1,613
Commercial and Multi-Family Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	39,343	31,574
Construction: One-to-Four Family Occupied [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	1,942	1,760
Construction: One-to-Four Family Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	1,942	1,760
Construction: Other [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	8,010	8,351
Construction: Other [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	624	940
Construction: Other [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	44	64
Construction: Other [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	21
Construction: Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	8,699	9,355
Residential Mortgage: One-to-Four Family [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	138,326	139,946
Residential Mortgage: One-to-Four Family [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	462	465
Residential Mortgage: One-to-Four Family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	5,688	4,332
Residential Mortgage: One-to-Four Family [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	2
Residential Mortgage: One-to-Four Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	144,478	144,743
Residential Mortgage: Home Equity [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	35,637	36,243
Residential Mortgage: Home Equity [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	1,194	602
Residential Mortgage: Home Equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	36,831	36,845
Commercial and Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	9,555	8,781
Commercial and Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	100	102
Commercial and Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	767	771
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	10,422	9,654
Consumer Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	1,127	1,143
Consumer Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	9	9
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	1,136	1,152
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	229,955	223,841
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	3,570	3,851
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	9,303	7,391
Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	$23

Note_7_Loans_Receivable_and_Al6

Note 7 - Loans Receivable and Allowance for Credit Losses (Details) - Past Due Financing Receivables (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Residential Mortgage:
Loans receivable, 30 to 59 days past due	$3,744	$2,629
Loans receivable, 60 to 89 days past due	1,497	966
Loans receivable, equal to greater than 90 days past due	3,189	2,897
Loans receivable, past due	8,430	6,492
Loans receivable, current	234,421	228,591
Loans receivable, net	242,851	235,083
Loans receivable, nonaccrual	7,254	5,722
Loans receivable, 90 days past due and still accruing	285	360
Residential Mortgage: One-to-Four Family [Member]
Residential Mortgage:
Loans receivable, 30 to 59 days past due	2,943	2,271
Loans receivable, 60 to 89 days past due	1,497	901
Loans receivable, equal to greater than 90 days past due	1,415	1,266
Loans receivable, past due	5,855	4,438
Loans receivable, current	138,623	140,305
Loans receivable, net	144,478	144,743
Loans receivable, nonaccrual	4,316	3,360
Loans receivable, 90 days past due and still accruing	235	360
Residential Mortgage: Home Equity [Member]
Residential Mortgage:
Loans receivable, 30 to 59 days past due	253	98
Loans receivable, equal to greater than 90 days past due	267	223
Loans receivable, past due	520	321
Loans receivable, current	36,311	36,524
Loans receivable, net	36,831	36,845
Loans receivable, nonaccrual	1,023	430
Loans receivable, 90 days past due and still accruing	50
Commercial and Multi-Family Real Estate [Member]
Residential Mortgage:
Loans receivable, equal to greater than 90 days past due	1,227	1,239
Loans receivable, past due	1,227	1,239
Loans receivable, current	38,116	30,335
Loans receivable, net	39,343	31,574
Loans receivable, nonaccrual	1,227	1,239
Construction: One-to-Four Family Occupied [Member]
Residential Mortgage:
Loans receivable, current	1,942	1,760
Loans receivable, net	1,942	1,760
Construction: Other [Member]
Residential Mortgage:
Loans receivable, 30 to 59 days past due	498
Loans receivable, 60 to 89 days past due		65
Loans receivable, equal to greater than 90 days past due	64
Loans receivable, past due	562	65
Loans receivable, current	8,137	9,290
Loans receivable, net	8,699	9,355
Loans receivable, nonaccrual	64	65
Commercial and Industrial [Member]
Residential Mortgage:
Loans receivable, 30 to 59 days past due	50	260
Loans receivable, equal to greater than 90 days past due	216	169
Loans receivable, past due	266	429
Loans receivable, current	10,156	9,225
Loans receivable, net	10,422	9,654
Loans receivable, nonaccrual	624	628
Total Consumer Portfolio Segment [Member]
Residential Mortgage:
Loans receivable, current	1,136	1,152
Loans receivable, net	$1,136	$1,152

Note_7_Loans_Receivable_and_Al7

Note 7 - Loans Receivable and Allowance for Credit Losses (Details) - Allowance for Loan Losses (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Allowance for loan losses:
Ending balance	$3,577	$3,634	$3,727	$3,579
Ending balance: individually evaluated for impairment	23	7
Ending balance: collectively evaluated for impairment	3,554	3,627
Loans receivables:
Ending balance	242,851	235,083
Ending balance: individually evaluated for impairment	19,130	18,376
Ending balance: collectively evaluated for impairment	223,721	216,707
Residential Portfolio Segment [Member]
Allowance for loan losses:
Ending balance	2,025	2,109	2,317	2,366
Ending balance: individually evaluated for impairment	2
Ending balance: collectively evaluated for impairment	2,023	2,109
Loans receivables:
Ending balance	181,309	181,588
Ending balance: individually evaluated for impairment	15,987	15,213
Ending balance: collectively evaluated for impairment	165,322	166,375
Commercial and Multi-Family Real Estate [Member]
Allowance for loan losses:
Ending balance	899	885	714	619
Ending balance: individually evaluated for impairment		7
Ending balance: collectively evaluated for impairment	899	878
Loans receivables:
Ending balance	39,343	31,574
Ending balance: individually evaluated for impairment	1,856	1,872
Ending balance: collectively evaluated for impairment	37,487	29,702
Construction [Member]
Allowance for loan losses:
Ending balance	327	317	312	286
Ending balance: individually evaluated for impairment	21
Ending balance: collectively evaluated for impairment	306	317
Loans receivables:
Ending balance	10,641	11,115
Ending balance: individually evaluated for impairment	564	564
Ending balance: collectively evaluated for impairment	10,077	10,551
Commercial and Industrial [Member]
Allowance for loan losses:
Ending balance	308	290	373	293
Ending balance: collectively evaluated for impairment	308	290
Loans receivables:
Ending balance	10,422	9,654
Ending balance: individually evaluated for impairment	723	727
Ending balance: collectively evaluated for impairment	9,699	8,927
Consumer Portfolio Segment [Member]
Allowance for loan losses:
Ending balance	6	6	10	12
Ending balance: collectively evaluated for impairment	6	6
Loans receivables:
Ending balance	1,136	1,152
Ending balance: collectively evaluated for impairment	1,136	1,152
Unallocated [Member]
Allowance for loan losses:
Ending balance	12	27	1	3
Ending balance: collectively evaluated for impairment	$12	$27

Note_7_Loans_Receivable_and_Al8

Note 7 - Loans Receivable and Allowance for Credit Losses (Details) - Change in Allowance for Credit Loss (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	$3,634	$3,579
Ending balance	3,577	3,727
Charge-offs	-7	-2
Recoveries	2
Provisions	-52	150
Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	2,109	2,366
Ending balance	2,025	2,317
Charge-offs	-7
Recoveries	2
Provisions	-79	-49
Commercial and Multi-Family Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	885	619
Ending balance	899	714
Provisions	14	95
Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	317	286
Ending balance	327	312
Provisions	10	26
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	290	293
Ending balance	308	373
Provisions	18	80
Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance		12	6
Ending balance	6	10	6
Charge-offs		-2
Unallocated [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	27	3
Ending balance	12	1
Provisions	($15)	($2)

Note_7_Loans_Receivable_and_Al9

Note 7 - Loans Receivable and Allowance for Credit Losses (Details) - Troubled Debt Restructurings on Financing Receivables (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Residential Mortgage
TDRs, Number of contracts, subsequent default	0
Residential Mortgage: Home Equity [Member]
Residential Mortgage
TDRs, Number of contracts, subsequent default	1
TDRs, Pre-modification recorded investment, subsequent default	167
TDRs, Post-modification recorded investment, subsequent default	167
Residential Mortgage: One-to-Four Family [Member]
Residential Mortgage
TDRs, Number of contracts, subsequent default		1
TDRs, Pre-modification recorded investment, subsequent default		235
TDRs, Post-modification recorded investment, subsequent default		255
Commercial and Industrial [Member]
Residential Mortgage
TDRs, Number of contracts, subsequent default		1
TDRs, Pre-modification recorded investment, subsequent default		49
TDRs, Post-modification recorded investment, subsequent default		$23

Note_8_Securities_Held_to_Matu2

Note 8 - Securities Held to Maturity (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Note 8 - Securities Held to Maturity (Details) [Line Items]
Proceeds from Sale of Held-to-maturity Securities (in Dollars)	$0	$0
Held-to-maturity Securities Pledged as Collateral (in Dollars)	$1,000,000		$992,000
Certificates of Deposit [Member]
Note 8 - Securities Held to Maturity (Details) [Line Items]
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions			2
US Government Agencies Debt Securities [Member]
Note 8 - Securities Held to Maturity (Details) [Line Items]
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	21		31
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 8 - Securities Held to Maturity (Details) [Line Items]
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	7		14
Corporate Debt Securities [Member]
Note 8 - Securities Held to Maturity (Details) [Line Items]
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	3		3

Note_8_Securities_Held_to_Matu3

Note 8 - Securities Held to Maturity (Details) - Held-to-Maturity Securities by Contractual Maturity (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Note 8 - Securities Held to Maturity (Details) - Held-to-Maturity Securities by Contractual Maturity [Line Items]
Amortized Cost	$78,228	$78,518
Gross Unrealized Gains	856	621
Gross Unrealized Losses	479	1,164
Estimated Fair Value	78,605	77,975
US Government Agencies Debt Securities [Member]
Note 8 - Securities Held to Maturity (Details) - Held-to-Maturity Securities by Contractual Maturity [Line Items]
Due after one year to five years-Amortized Cost	21,000	19,000
Due after one year to five years Gross Unrealized Gains	7
Due after one year to five years Gross Unrealized Losses	84	270
Due after one year to five years Estimated Fair Value	20,923	18,730
Due after five through ten years Amortized Cost	11,180	13,180
Due after five through ten years Gross Unrealized Gains	7
Due after five through ten years Gross Unrealized Losses	93	303
Due after five through ten years Estimated Fair Value	11,094	12,877
Due thereafter Amortized Cost	12,000	12,000
Due thereafter Gross Unrealized Losses	235	394
Due thereafter Estimated Fair Value	11,765	11,606
Amortized Cost	44,180	44,180
Gross Unrealized Gains	14
Gross Unrealized Losses	412	967
Estimated Fair Value	43,782	43,213
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 8 - Securities Held to Maturity (Details) - Held-to-Maturity Securities by Contractual Maturity [Line Items]
Securities held to maturity, amortized cost	25,101	25,426
Securities held to maturity, gross unrealized gains	763	567
Securities held to maturity, gross unrealized losses	62	184
Securities held to maturity, fair value	25,802	25,809
Corporate Debt Securities [Member]
Note 8 - Securities Held to Maturity (Details) - Held-to-Maturity Securities by Contractual Maturity [Line Items]
Due after one year to five years-Amortized Cost	3,101	3,111
Due after one year to five years Gross Unrealized Gains	44	35
Due after one year to five years Gross Unrealized Losses	3	9
Due after one year to five years Estimated Fair Value	3,142	3,137
Due after five through ten years Amortized Cost	1,500	1,500
Due after five through ten years Gross Unrealized Gains	4	2
Due after five through ten years Gross Unrealized Losses	2	3
Due after five through ten years Estimated Fair Value	1,502	1,499
Amortized Cost	4,601	4,611
Gross Unrealized Gains	48	37
Gross Unrealized Losses	5	12
Estimated Fair Value	4,644	4,636
Certificates of Deposit [Member]
Note 8 - Securities Held to Maturity (Details) - Held-to-Maturity Securities by Contractual Maturity [Line Items]
Due within one year Amortized Cost	1,405	1,380
Due within one year Gross Unrealized Gains	2	3
Due within one year Gross Estimated Fair Value	1,407	1,383
Due after one year to five years-Amortized Cost	2,941	2,921
Due after one year to five years Gross Unrealized Gains	29	14
Due after one year to five years Gross Unrealized Losses		1
Due after one year to five years Estimated Fair Value	2,970	2,934
Amortized Cost	4,346	4,301
Gross Unrealized Gains	31	17
Gross Unrealized Losses		1
Estimated Fair Value	$4,377	$4,317

Note_8_Securities_Held_to_Matu4

Note 8 - Securities Held to Maturity (Details) - Held-to-Maturity Securities in Unrealized Loss Positions (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Note 8 - Securities Held to Maturity (Details) - Held-to-Maturity Securities in Unrealized Loss Positions [Line Items]
Securities in an unrealized loss position, less than 12 months, fair value	$1,002	$1,499
Securities in an unrealized loss position, less than 12 months, gross unrealized losses	2	4
Securities in an unrealized loss position, more than 12 months, fair value	46,482	57,732
Securities in an unrealized loss position, more than 12 months, gross unrealized losses	477	1,160
Securities in an unrealized loss position, fair value	47,484	59,231
Securities in an unrealized loss position, gross unrealized losses	479	1,164
US Government Agencies Debt Securities [Member]
Note 8 - Securities Held to Maturity (Details) - Held-to-Maturity Securities in Unrealized Loss Positions [Line Items]
Securities in an unrealized loss position, more than 12 months, fair value	39,595	43,213
Securities in an unrealized loss position, more than 12 months, gross unrealized losses	412	967
Securities in an unrealized loss position, fair value	39,595	43,213
Securities in an unrealized loss position, gross unrealized losses	412	967
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 8 - Securities Held to Maturity (Details) - Held-to-Maturity Securities in Unrealized Loss Positions [Line Items]
Securities in an unrealized loss position, less than 12 months, fair value	4	12
Securities in an unrealized loss position, more than 12 months, fair value	5,864	13,499
Securities in an unrealized loss position, more than 12 months, gross unrealized losses	62	184
Securities in an unrealized loss position, fair value	5,868	13,511
Securities in an unrealized loss position, gross unrealized losses	62	184
Corporate Debt Securities [Member]
Note 8 - Securities Held to Maturity (Details) - Held-to-Maturity Securities in Unrealized Loss Positions [Line Items]
Securities in an unrealized loss position, less than 12 months, fair value	998	998
Securities in an unrealized loss position, less than 12 months, gross unrealized losses	2	3
Securities in an unrealized loss position, more than 12 months, fair value	1,023	1,020
Securities in an unrealized loss position, more than 12 months, gross unrealized losses	3	9
Securities in an unrealized loss position, fair value	2,021	2,018
Securities in an unrealized loss position, gross unrealized losses	5	12
Certificates of Deposit [Member]
Note 8 - Securities Held to Maturity (Details) - Held-to-Maturity Securities in Unrealized Loss Positions [Line Items]
Securities in an unrealized loss position, less than 12 months, fair value		489
Securities in an unrealized loss position, less than 12 months, gross unrealized losses		1
Securities in an unrealized loss position, fair value		489
Securities in an unrealized loss position, gross unrealized losses		$1

Note_9_Retirement_Plans_Detail

Note 9 - Retirement Plans (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year		$34,000
Defined Benefit Plan, Contributions by Employer	$8,500

Note_9_Retirement_Plans_Detail1

Note 9 - Retirement Plans (Details) - Net Periodic Pension Cost (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net Periodic Pension Cost [Abstract]
Service cost	$4	$15
Interest cost	20	23
Amortization of unrecognized loss (gain)	9	-3
Amortization of past service liability	-7	1
	$26	$36

Note_10_Stock_Offering_and_Sto1

Note 10 - Stock Offering and Stock Repurchase Program (Details)	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Treasury Stock, Shares, Acquired	0

Note_12_Reclassifications_Out_2

Note 12 - Reclassifications Out of Accumulated Other Comprehensive Income (Details) - Reclassifications Out of Accumulated Other Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Amortization of defined benefit pension items:
Prior service costs	$7	[1],[2]	($1)	[1]
Unrecognized loss	-9	[1],[2]	-4	[1]
Unrecognized gain		[1],[2]	7	[1]
	-2	[1]	2	[1]
	1	[1]	-1	[1]
Total reclassifications for the period	($1)	[1]	$1	[1]
[1]	Amounts in parenthesis indicate debits to profit/loss.
[2]	These accumulated other comprehensive components are included in the computation of net periodic pension cost. (See Note 9 for additional details).