Bancorp of New Jersey (BKJ) 10-Q 15 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	8-May-14
Document and Entity Information	'	'
Entity Registrant Name	'Bancorp of New Jersey, Inc.	'
Entity Central Index Key	'0001390312	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	5,343,484
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

CONSOLIDATED_STATEMENTS_OF_FIN

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
ASSETS	'	'
Cash and due from banks	$2,282	$2,115
Interest bearing deposits	25,970	35,168
Federal funds sold	458	458
Total cash and cash equivalents	28,710	37,741
Interest bearing time deposits	1,000	1,000
Securities available for sale	68,389	68,048
Securities held to maturity (fair value approximates $11,121 and $18,016, at March 31, 2014 and December 31, 2013, respectively)	11,125	18,011
Restricted investment in bank stock, at cost	792	792
Loans receivable	503,257	472,465
Deferred loan fees and unamortized costs, net	-356	-339
Less: allowance for loan losses	-5,978	-5,775
Net loans	496,923	466,351
Premises and equipment, net	10,332	10,427
Accrued interest receivable	2,186	1,456
Other real estate owned	478	964
Other assets	4,167	6,001
TOTAL ASSETS	624,102	610,791
Deposits	'	'
Noninterest bearing	71,845	69,620
Savings and interest bearing transaction accounts	175,628	168,882
Time deposits under $100	50,399	50,263
Time deposits $100 and over	267,690	264,555
Total deposits	565,562	553,320
Accrued interest payable and other liabilities	1,718	1,521
TOTAL LIABILITIES	567,280	554,841
Commitments and Contingencies	'	'
Stockholders' equity:	'	'
Common stock, no par value, authorized 20,000,000 shares; issued and outstanding 5,343,484 and 5,340,266 at March 31, 2014 and December 31, 2013, respectively	50,570	50,475
Retained earnings	7,682	7,132
Accumulated other comprehensive loss	-1,430	-1,657
Total stockholders' equity	56,822	55,950
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$624,102	$610,791

CONSOLIDATED_STATEMENTS_OF_FIN1

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION	'	'
Securities held to maturity, fair value (in dollars)	$11,121	$18,016
Common stock, par value (in dollars per share)	'	'
Common stock, authorized shares	20,000,000	20,000,000
Common stock, issued shares	5,343,484	5,340,266
Common stock, outstanding shares	5,343,484	5,340,266

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
INTEREST INCOME	'	'
Loans, including fees	$6,029	$5,679
Securities	245	375
Federal funds sold and other	20	15
TOTAL INTEREST INCOME	6,294	6,069
INTEREST EXPENSE	'	'
Savings and money markets	227	201
Time deposits	1,288	1,307
TOTAL INTEREST EXPENSE	1,515	1,508
NET INTEREST INCOME	4,779	4,561
Provision for loan losses	440	140
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	4,339	4,421
NON-INTEREST INCOME	'	'
Fees and service charges on deposit accounts	54	45
Fees earned from mortgage referrals	'	6
Gains on sale of securities	'	53
TOTAL NON-INTEREST INCOME	54	104
NON-INTEREST EXPENSE	'	'
Salaries and employee benefits	1,529	1,326
Occupancy and equipment expense	682	596
FDIC premiums and related expenses	93	92
Data processing	205	179
Professional fees	136	160
Other expenses	305	285
TOTAL NON-INTEREST EXPENSE	2,950	2,638
Income before provision for income taxes	1,443	1,887
Income tax expense	572	742
Net income	$871	$1,145
PER SHARE OF COMMON STOCK	'	'
Basic (in dollars per share)	$0.16	$0.22
Diluted (in dollars per share)	$0.16	$0.21

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	'	'
Net income	$871	$1,145
Other comprehensive income	'	'
Gross unrealized holding gains (losses) on securities available for sale, net of deferred income tax (expense) benefit of ($141) and $139, respectively	227	-247
Reclassification adjustment for gain on sale of securities, net of tax expense of $0 and $(15), respectively	'	38
Comprehensive income	$1,098	$936

CONSOLIDATED_STATEMENTS_OF_COM1

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	'	'
Gross unrealized holding losses on securities available for sale, deferred income tax benefit	($141)	$139
Reclassification adjustment for gain on sale of securities, tax expense	$0	($15)

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net income	$871	$1,145
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Provision for loan losses	440	140
Amortization of securities premiums	25	35
Depreciation and amortization	141	124
Stock based compensation	94	19
Gain on sale of securities	'	-53
Changes in operating assets and liabilities:	'	'
Increase in accrued interest receivable	-730	-297
Decrease in other assets	1,693	115
Increase in other liabilities	197	60
NET CASH PROVIDED BY OPERATING ACTIVITIES	2,731	1,288
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Purchases of securities available for sale, net	'	-11,000
Purchases of securities held to maturity, net	-7,126	-4,541
Proceeds from maturities of securities held to maturity	14,015	700
Proceeds from called or matured securities available for sale	'	12,000
Proceeds from sales of securities available for sale	'	36,230
Proceeds from sales of other real estate owned	730	'
Net increase in loans	-31,256	-9,799
Purchases of premises and equipment	-46	-116
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	-23,683	23,474
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Net increase (decrease) in deposits	12,242	-10,626
Dividends	-321	-312
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	11,921	-10,938
Net (decrease) increase in cash and cash equivalents	-9,031	13,824
Cash and cash equivalents, beginning of year	37,741	31,078
CASH AND CASH EQUIVALENTS, END OF PERIOD	28,710	44,902
Cash paid during the period for:	'	'
Interest	1,535	1,525
Income taxes	513	525
Supplemental disclosure of non-cash investing and financing transactions:	'	'
Loans transferred to other real estate owned	$244	'

Significant_Accounting_Policie

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2014
Significant Accounting Policies	'
Significant Accounting Policies	'
	Note 1.  Significant Accounting Policies
	Basis of Financial Statement Presentation
	The accompanying consolidated financial statements include the accounts of Bancorp of New Jersey, Inc. (together with its subsidiary, the “Company”), and its direct wholly-owned subsidiary, Bank of New Jersey (the “Bank”) and the Bank’s wholly-owned subsidiary, BONJ-New York Corp.  All significant inter-company accounts and transactions have been eliminated in consolidation.
	The Company was incorporated under the laws of the State of New Jersey to serve as a holding company for the Bank and to acquire all the capital stock of the Bank (referred to herein as the “holding company reorganization”).
	The Company’s class of common stock has no par value and the Bank’s class of common stock has a par value of $10 per share.
	The financial information in this quarterly report has been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”); these financial statements have not been audited. Certain information and footnote disclosures required under GAAP have been condensed or omitted, as permitted by rules and regulations of the Securities and Exchange Commission.
	Organization
	The Company is a New Jersey corporation and bank holding company registered with the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”).  The Bank is a community bank which provides a full range of banking services to individuals and corporate customers in New Jersey.  Both the Company and the Bank are subject to competition from other financial institutions.  The Bank is regulated by state and federal agencies and is subject to periodic examinations by those regulatory authorities.  The Bank conducts a traditional commercial banking business, accepting deposits from the general public, including individuals, businesses, non-profit organizations, and governmental units.  The Bank makes commercial loans, consumer loans, and both residential and commercial real estate loans.  In addition, the Bank provides other customer services and makes investments in securities, as permitted by law.  The Bank has sought to offer an alternative, community-oriented style of banking in an area, that is presently dominated by larger, statewide and national institutions.  The Bank continues to focus on establishing and retaining customer relationships by offering a broad range of traditional financial services and products, competitively-priced and delivered in a responsive manner to small businesses, professionals and individuals in its market area.  As a community bank, the Bank endeavors to provide superior customer service that is highly personalized, efficient and responsive to local needs.  To better serve its customers and expand its market reach, the Bank provides for the delivery of certain of its financial products and services to its local customers and to a broader market through the use of mail, telephone and internet banking.  The Bank seeks to deliver these products and services with the care and professionalism expected of a community bank and with a special dedication to personalized customer service.

Stockholders_Equity_and_Relate

Stockholders' Equity and Related Transactions	3 Months Ended
	Mar. 31, 2014
Stockholders' Equity and Related Transactions	'
Stockholders' Equity and Related Transactions	'
	Note 2.  Stockholders’ Equity and Related Transactions
	During the quarter ended March 31, 2014, the Company issued 3,218 shares of common stock to certain members of the Bank’s management team.  During the quarter ended March 31, 2013, the Company issued 85,000 shares of restricted common stock to its executive officers and directors.

Benefit_Plans_and_StockBased_C

Benefit Plans and Stock-Based Compensation	3 Months Ended
	Mar. 31, 2014
Benefit Plans and Stock-Based Compensation	'
Benefit Plans and Stock-Based Compensation	'
	Note 3.  Benefit Plans and Stock-Based Compensation
	2006 Stock Option Plan
	During 2006, the Bank’s stockholders approved the 2006 Stock Option Plan.  At the time of the holding company reorganization, the 2006 Stock Option Plan was assumed by the Company.  This plan allows the Company to grant options to directors and employees of the Company to purchase up to 239,984 shares of the Company’s common stock.  At March 31, 2014, incentive stock options to purchase 210,900 shares have been issued to employees of the Bank under the 2006 Stock Option Plan, of which options to purchase 187,900 shares were outstanding.
	Under the 2006 Stock Option Plan, there were no unvested options at March 31, 2014 and accordingly no unrecognized share based compensation expense.  Under the 2006 Stock Option Plan, no options were granted, exercised, or forfeited during the first three months of 2014.
	2007 Director Plan
	During 2007, the Bank’s stockholders approved the 2007 Non-Qualified Stock Option Plan for Directors (the “2007 Director Plan”).  At the time of the holding company reorganization, the 2007 Director Plan was assumed by the Company. This plan provides for 480,000 options to purchase shares of the Company’s common stock to be issued to non-employee directors of the Company.  At March 31, 2014, non-qualified options to purchase 460,000 shares of the Company’s stock have been issued to non-employee directors of the Company under the 2007 Director Plan and approximately 331,334 were outstanding at March 31, 2014.  No options were granted, exercised or forfeited during the first three months of 2014.
	Under the 2007 Director Plan, there were no unvested options at March 31, 2014 and accordingly no unrecognized share based compensation expense.
	In connection with both the 2006 Stock Option Plan and the 2007 Director Plan, no share based compensation expense was recognized for the three months ended March 31, 2014 and 2013.
	The aggregate intrinsic value of a stock option represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had they exercised their options on March 31, 2014.  This amount changes based on the changes in the market value in the Company’s common stock.
	The aggregate intrinsic value of options outstanding as of March 31, 2014 under the 2006 Stock Option Plan and the 2007 Director Plan was approximately $1.3 million.
	The aggregate intrinsic value of options outstanding as of March 31, 2013 under the 2006 Stock Option Plan and the 2007 Director Plan was approximately $1.1 million.
	2011 Equity Incentive Plan
	During 2011, the shareholders of the Company approved the Bancorp of New Jersey, Inc. 2011 Equity Incentive Plan ( the “2011 Plan”).  This plan authorizes the issuance of up to 250,000 shares of the Company’s common stock, subject to adjustment in certain circumstances described in the 2011 Plan, pursuant to awards of incentive stock options or non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units or performance awards. Employees, directors, consultants, and other service providers of the Company and its affiliates (primarily the Bank) are eligible to receive awards under the 2011 Plan, provided, that only employees are eligible to receive incentive stock options.  During the quarter ended March 31, 2014, 3,218 shares of common stock were issued to certain members of the Bank’s management team under the 2011 Plan.  These awards were vested immediately and expensed at their fair market value at the date of the grant.  For the three months ended March 31, 2014, $42 thousand was recorded as expense and nothing remains to be expensed.  During the quarter ended March 31, 2013, 85,000 shares of restricted stock were issued to the executive officers and directors of the Company under the 2011 Plan subject to forfeiture during a five year vesting term.  The awards were recorded at their fair market value at the date of the grant and are being amortized to expense over the vesting period.  For the three months ended March 31, 2014 and 2013, $52,000 and $19,000, respectively, was recorded as expense for these awards.

Earnings_Per_Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2014
Earnings Per Share	'
Earnings Per Share	'
	Note 4.  Earnings Per Share
	Basic earnings per share is calculated by dividing the net income for a period by the weighted average number of common shares outstanding during that period.
	Diluted earnings per share is calculated by dividing the net income for a period by the weighted average number of outstanding common shares and dilutive common share equivalents during that period. Outstanding “common share equivalents” include options and warrants to purchase the Company’s common stock.
	The following schedule shows earnings per share for the three month periods presented:
		For the Quarter Ended
		March 31,
	(In thousands except per share data)	2014		2013
	Net income applicable to common stock	$	871	$	1,145
	Weighted average number of common shares outstanding - basic	5,343		5,292
	Basic earnings per share	$	0.16	$	0.22
	Net income applicable to common stock	$	871	$	1,145
	Weighted average number of common shares outstanding	5,343		5,292
	Effect of dilutive options	75		72
	Weighted average number of common shares and common share equivalents- diluted	5,418		5,364
	Diluted earnings per share	$	0.16	$	0.21
	Non-qualified options to purchase 331,334 shares of common stock at a weighted average price of $11.50; incentive stock options to purchase 90,000 shares of common stock at a weighted average price of $11.50; incentive stock options to purchase 97,900 shares of common stock at a weighted average price of $9.09; and 85,000 unvested shares of restricted common stock were included in the computation of diluted earnings per share for the three months ended March 31, 2014.
	Non-qualified options to purchase 414,668 shares of common stock at a weighted average price of $11.50; incentive stock options to purchase 90,000 shares of common stock at a weighted average price of $11.50; incentive stock options to purchase 97,900 shares of common stock at a weighted average price of $9.09; and 85,000 unvested shares of restricted common stock were included in the computation of diluted earnings per share for the three months ended March 31, 2013.

Securities_Available_for_Sale_

Securities Available for Sale and Investment Securities	3 Months Ended
	Mar. 31, 2014
Securities Available for Sale and Investment Securities	'
Securities Available for Sale and Investment Securities	'
	Note 5.  Securities Available for Sale and Investment Securities
	A summary of securities held to maturity and securities available for sale at March 31, 2014 and December 31, 2013 is as follows (in thousands):
				Gross			Gross
		Amortized		Unrealized			Unrealized			Fair
	March 31, 2014	Cost		Gains			Losses			Value
	Securities Held to Maturity:
	Obligations of states and political subdivisions	$	7,126	$	—		$	—		$	7,126
	U.S. Treasury obligations	3,999		—			(4		)	3,995
	Total securities held to maturity	11,125		—			(4		)	11,121
	Securities Available for Sale:
	U.S. Treasury obligations	6,706		—			(375		)	6,331
	Government Sponsored Enterprise obligations	64,000		—			(1,942		)	62,058
	Total securities available for sale	70,706		—			(2,317		)	68,389
	Total securities	$	81,831	$	—		$	(2,321	)	$	79,510
				Gross			Gross
		Amortized		Unrealized			Unrealized			Fair
	December 31, 2013	Cost		Gains			Losses			Value
	Securities Held to Maturity:
	Obligations of states and political subdivisions	$	10,014	$	—		$	—		$	10,014
	Government sponsored enterprise obligations	3,998		10			—			4,008
	U.S. Treasury obligations	3,999		—			(5		)	3,994
	Total securities held to maturity	18,011		10			(5		)	18,016
	Securities Available for Sale:
	U.S. Treasury obligations	6,733		—			(414		)	6,319
	Government sponsored enterprise obligations	64,000		—			(2,271		)	61,729
	Total securities available for sale	70,733		—			(2,685		)	68,048
	Total securities	$	88,744	$	10		$	(2,690	)	$	86,064
	The unrealized losses, categorized by the length of time of continuous loss position, and the fair value of related securities available for sale are as follows (in thousands):
		Less than 12 Months					More than 12 Months						Total
		Fair		Unrealized			Fair			Unrealized			Fair		Unrealized
	March 31, 2014	Value		Losses			Value			Losses			Value		Losses
	Securities Held to Maturity:
	U.S. Treasury obligations	$	3,995	$	(4	)	$	—		$	—		$	3,995	$	(4	)
	Securities Available for Sale:
	U.S. Treasury obligations	$	6,332	$	(375	)	$	—		$	—		$	6,332	$	(375	)
	Government Sponsored Enterprise obligations	22,995		(1,004		)	39,062			(938		)	62,057		(1,942		)
	Total securities available for sale	29,327		(1,379		)	39,062			(938		)	68,389		(2,317		)
	Total securities	$	33,322	$	(1,383	)	$	39,062		$	(938	)	$	72,384	$	(2,321	)
		Less than 12 Months					More than 12 Months						Total
		Fair		Unrealized			Fair			Unrealized			Fair		Unrealized
	December 31, 2013	Value		Losses			Value			Losses			Value		Losses
	Securities Held to Maturity:
	U.S. Treasury obligations	$	3,994	$	(5	)	$	—		$	—		$	3,994	$	(5	)
	Securities Available for Sale:
	U.S. Treasury obligation	—		—			6,319			(414		)	6,319		(414		)
	Government Sponsored Enterprise obligations	41,757		(1,243		)	16,972			(1,028		)	58,729		(2,271		)
	Total securities available for sale	41,757		(1,243		)	23,291			(1,442		)	65,048		(2,685		)
	Total securities	$	45,751	$	(1,248	)	$	23,291		$	(1,442	)	$	69,042	$	(2,690	)
	The amortized cost and fair value of securities held to maturity and securities available for sale at March 31, 2014 by contractual maturity are shown below.  Expected maturities will differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties (in thousands):
		Securities Held to Maturity					Securities Available for Sale
		Amortized		Fair			Amortized			Fair
		Cost		Value			Cost			Value
	One year or less	$	7,126	$	7,126		$	—		$	—
	After one to five years	3,999		3,995			33,000			32,493
	After five to ten years	—		—			37,706			35,896
	Total	$	11,125	$	11,121		$	70,706		$	68,389
	Management evaluates securities for other-than-temporary-impairment (“OTTI”) at least on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation.  In determining OTTI management considers many factors, including: (1) the length of time and the extent to which the fair value has been less than amortized cost; (2) the financial condition and near term prospects of the issuer; (3) whether the market decline was affected by macroeconomic conditions, and (4) whether the Company has the intent to sell the debt security or more likely than not will be required to sell the debt security before its anticipated recovery.  The assessment of whether an OTTI decline exists involves a high degree of subjectivity and judgment and is based on information available to management at a point in time.  An OTTI is deemed to have occurred if there has been an adverse change in the remaining expected future cash flows.
	When OTTI for debt securities occurs, the amount of the OTTI recognized in earnings depends on whether an entity intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis. If an entity intends to sell or more likely than not will be required  to sell the security before recovery of its amortized cost basis, the OTTI would be recognized in earnings equal to the entire difference between the investment’s amortized cost basis and its fair value at the balance sheet date.  If the Company does  not intend to  sell  the security  and  it is not  more likely than not that the entity will be required to sell the security before recovery of its amortized cost basis, the OTTI would be separated into the amount representing the credit loss and the amount related to all other factors.  The amount of the total OTTI related to the credit loss is determined based on the present value of cash flows expected to be collected and is recognized in earnings.  The amount of the total OTTI related to other factors would be recognized in other comprehensive income, net of applicable tax benefit.  The previous amortized cost basis less the OTTI recognized in earnings would become the new amortized cost basis of the investment.
	At March 31, 2014, the Company’s available for sale securities portfolio consisted of 28 securities, of which 17 were in an unrealized loss position for less than twelve months and eleven were in an unrealized loss position for more than twelve months. No OTTI charges were recorded for the three months ended March 31, 2014. The Company does not intend to sell these securities and it is not more likely than not that the Company will be required to sell these securities. Unrealized losses primarily relate to interest rate fluctuations and not credit concerns.
	Securities with an amortized cost of $10.4 million and a fair value of $10.0 million, respectively, were pledged to secure public funds on deposit at March 31, 2014.  Securities with an amortized cost of $8.4 million and a fair value of $8.1 million, respectively, were pledged to secure public funds on deposit at December 31, 2013.
	During the first quarter of 2014, the Company did not sell any securities from its available for sale or held to maturity portfolios.  During the first quarter of 2013, the Company sold twelve securities from its available for sale portfolio.  It recognized a gain of approximately $333 thousand from the sale of five of the securities, a loss of approximately $280 thousand from the sale of six securities and no gain or loss from the sale of one security, resulting in net gains of approximately $53 thousand from the transactions.  The Company did not sell any securities from its held to maturity portfolio during the first quarter of 2013.

Loans

Loans	3 Months Ended
	Mar. 31, 2014
Loans	'
Loans	'
	Note 6.  Loans
	The components of the loan portfolio at March 31, 2014 and December 31, 2013 are summarized as follows (in thousands):
		March 31, 2014			December 31, 2013
	Commercial real estate	$	321,906		$	298,548
	Residential mortgages	51,319			53,601
	Commercial	59,333			57,634
	Home equity	69,263			61,204
	Consumer	1,436			1,478
		$	503,257		$	472,465
	The Company grants commercial, mortgage and installment loans to those New Jersey residents and businesses within its local trading area.  Its borrowers’ abilities to repay their obligations are dependent upon various factors, including the borrowers’ income and net worth, cash flows generated by the underlying collateral, value of the underlying collateral and priority of the Company’s lien on the property.  Such factors are dependent upon various economic conditions and individual circumstances beyond the Company’s control; the Company is therefore subject to risk of loss.  The Company believes its lending policies and procedures adequately manage the potential exposure to such risks and that an allowance for loan losses is provided for management’s best estimate of probable loan losses.
	The activity in the allowance for loan losses and recorded investment in loan receivables as of and for the periods indicated are as follows (in thousands):
	For the three months ended and as of:
		Commercial			Residential			Commercial			Home			Consumer		Unallocated			Total
		Real Estate			Mortgages						Equity
	March 31, 2014
	Allowance for loan losses:
	Beginning Balance	$	3,707		$	325		$	969		$	593		$	26	$	155		$	5,775
	Charge-offs	(40		)	—			—			—			—		—			(40		)
	Recoveries	—			—			1			—			—		—			1
	Provisions	145			4			(38		)	6			67		256			440
	Transfer	—			—			—			—			—		(198		)	(198		)
	Ending balance	$	3,812		$	329		$	932		$	599		$	93	$	213		$	5,978
	Ending balance: individually evaluated for impairment	$	197		$	58		$	50		$	261		$	—	$	—		$	566
	Ending balance: collectively evaluted for impairment	$	3,615		$	271		$	882		$	338		$	93	$	213		$	5,412
	Loans receivables:
	Ending balance	$	321,906		$	51,319		$	59,333		$	69,263		$	1,436	$	—		$	503,257
	Ending balance: individually evaluted for impairment	3,950			4,332			50			1,733			—		—			10,065
	Ending balance: collectively evaluated for impairment	$	317,956		$	46,987		$	59,283		$	67,530		$	1,436	$	—		$	493,192
		Commercial			Residential			Commercial			Home			Consumer		Unallocated			Total
		Real Estate			Mortgages						Equity
	March 31, 2013
	Allowance for loan losses:
	Beginning Balance	$	3,150		$	322		$	1,033		$	383		$	24	$	160		$	5,072
	Charge-offs	—			—			—			—			—		—			—
	Recoveries	1			—			—			—			—		—			1
	Provisions	104			(40		)	(95		)	159			1		11			140
	Ending balance	$	3,255		$	282		$	938		$	542		$	25	$	171		$	5,213
	December 31, 2013
	Ending balance	$	3,707		$	325		$	969		$	593		$	26	$	155		$	5,775
	Ending balance: individually evaluated for impairment	$	237		$	56		$	50		$	261		$	—	$	—		$	604
	Ending balance: collectively evaluated for impairment	$	3,470		$	269		$	919		$	332		$	26	$	155		$	5,171
	Loans receivables:
	Ending balance	$	298,548		$	53,601		$	57,634		$	61,204		$	1,478	$	—		$	472,465
	Ending balance: individually evaluted for impairment	$	4,204		$	5,661		$	50		$	1,733		$	—	$	—		$	11,648
	Ending balance: collectively evaluated for impairment	$	294,344		$	47,940		$	57,584		$	59,471		$	1,478	$	—		$	460,817
	The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due.  The following table presents the classes of the loan portfolio summarized by the past due status as of March 31, 2014 and December 31, 2013 (in thousands):
	March 31, 2014	30-59 Days			60-89 Days			Greater than			Total Past			Current		Total Loans			Nonaccrual
		Past Due			Past Due			90 Days			Due					Receivables			Loans
	Commercial real estate	$	307		$	—		$	1,456		$	1,763		$	320,143	$	321,906		$	1,456
	Residential mortgages	271			—			879			1,150			50,169		51,319			879
	Commercial	—			—			50			50			59,283		59,333			50
	Home equity	725			—			673			1,398			67,865		69,263			673
	Consumer	125			—			—			125			1,311		1,436			—
	Total	$	1,428		$	—		$	3,058		$	4,486		$	498,771	$	503,257		$	3,058
	December 31, 2013	30-59 Days			60-89 Days			Greater than			Total Past			Current		Total Loans			Nonaccrual
		Past Due			Past Due			90 Days			Due					Receivables			Loans
	Commercial real estate	$	—		$	—		$	1,700		$	1,700		$	296,848	$	298,548		$	1,700
	Residential mortgages	—			—			2,608			2,608			50,993		53,601			2,608
	Commercial	—			—			50			50			57,584		57,634			50
	Home equity	160			—			673			833			60,371		61,204			673
	Consumer	—			35			—			35			1,443		1,478			—
	Total	$	160		$	35		$	5,031		$	5,226		$	467,239	$	472,465		$	5,031
	The Company had no loans greater than ninety days delinquent and accruing interest
If interest on nonaccrual loans had been accrued, such income would have been approximately $50 thousand for the three month period ended March 31, 2014 and $89 thousand for the three months ended March 31, 2013.  Actual interest income recognized on these loans during the three months ended March 31, 2014 and 2013 was $0.
Troubled debt restructuring loans (“TDRs”) are loans where the contractual terms of the loan have been modified for a borrower experiencing financial difficulties. These modifications could include a reduction in the interest rate of the loan, payment extensions, forgiveness of principal, a combination of these concessions or other actions to maximize collection.
The following table presents the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system as of March 31, 2014 and December 31, 2013 (in thousands):
March 31, 2014	Commercial			Residential			Commercial			Home Equity			Consumer		Total
	Real Estate			Mortgages
Pass	$	318,354		$	50,919		$	57,783		$	67,590		$	1,436	$	496,082
Special Mention	2,096			400			1,500			—			—		3,996
Substandard	1,456			`			50			1,673			—		3,179
Doubtful	—			—			—			—			—		—
Total	$	321,906		$	51,319		$	59,333		$	69,263		$	1,436	$	503,257
December 31, 2013	Commercial			Residential			Commercial			Home Equity			Consumer		Total
	Real Estate			Mortgages
Pass	$	294,741		$	48,120		$	56,084		$	59,531		$	1,478	$	459,954
Special Mention	2,107			2,873			1,500			1,000			—		7,480
Substandard	1,700			2,608			50			673			—		5,031
Doubtful	—			—			—			—			—		—
Total	$	298,548		$	53,601		$	57,634		$	61,204		$	1,478	$	472,465
A loan is considered impaired when based on current information and events, it is probable that the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. The following table provides information about the Company’s impaired loans at March 31, 2014 and December 31, 2013 (in thousands):
March 31, 2014	Recorded			Unpaid			Related
	Investment			Principal			Allowance
				Balance
Impaired loans with specific reserves:
Commercial real estate	$	714		$	714		$	197
Residential mortgage	880			1,091			58
Commercial	50			50			50
Home equity	1,594			1,594			261
Total impaired loans with specific reserves	3,238			3,449			566
Impaired loans with no specific reserves:
Commercial real estate	3,236			3,236			—
Residential mortgage	3,452			3,452			—
Home equity	139			240			—
Total impaired loans with no specific reserves	6,827			6,928			—
Total impaired loans	$	10,065		$	10,377		$	566
December 31, 2013	Recorded			Unpaid			Related
	Investment			Principal			Allowance
				Balance
Impaired loans with specific reserves:
Commercial real estate	$	957		$	957		$	237
Residential mortgages	974			1,185			56
Commercial	50			50			50
Home equity	1,594			1,594			261
Total impaired loans with specific reserves	3,575			3,786			604
Impaired loans with no specific reserves:
Commercial real estate	3,247			3,247			—
Residential mortgages	4,687			4,687			—
Home equity	139			240			—
Total impaired loans with no specific reserves	8,073			8,174			—
Total impaired loans	$	11,648		$	11,960		$	604
The following table provides information about the Company’s impaired loans and related amounts recorded in the allowance for loan losses for the three month periods ended March 31, 2014 and 2013  (in thousands):
	2014						2013
	Average			Interest			Average			Interest
	Recorded			Income			Recorded			Income
	Investment			Recognized			Investment			Recognized
Impaired loans with specific reserves:
Commercial real estate	$	714		$	—		$	714		$	—
Residential mortgage	880			—			967			—
Commercial	50			—			50			—
Home equity	1,594			13			576			3
Total impaired loans with specific reserves	3,238			13			2,307			3
Impaired loans with no specific reserves:
Commercial real estate	3,363			29			943			6
Residential mortgage	4,117			38			4,951			—
Commercial	—			—			275			—
Home equity	139			1			1,392			—
Total impaired loans with no specific reserves	7,619			68			7,561			6
Total impaired loans	$	10,857		$	81		$	9,868		$	9
The following table summarizes information in regards to TDRs by loan portfolio class as of March 31, 2014 and December 31, 2013 (in thousands):
March 31, 2014	Accrual			Number of		Nonaccrual			Number of		Total
	Status			Loans		Status			Loans
Residential mortgages	$	3,452		3		$	880		3		$	4,332
Commercial real estate	397			1		742			1		1,139
Home equity	1,060			2		—			—		1,060
	$	4,909		6		$	1,622		4		$	6,531
December 31, 2013	Accrual			Number of		Nonaccrual			Number of		Total
	Status			Loans		Status			Loans
Residential mortgages	$	3,053		2		$	2,514		4		$	5,567
Commercial real estate	397			1		742			1		1,139
Home equity	1,060			2		—			—		1,060
	$	4,510		5		$	3,256		5		$	7,766
The following table summarizes information in regards to TDRs that occurred during the three months ended March 31, 2014 and 2013 (in thousands):
			Pre-Modification			Post-
						Modification
			Outstanding			Outstanding
	Number of		Recorded			Recorded
2014	Loans		Investments			Investments
Residential mortgages	1		$	365		$	400
			Pre-Modification			Post-
						Modification
			Outstanding			Outstanding
	Number of		Recorded			Recorded
2013	Loans		Investments			Investments
Residential mortgages	1		$	179		$	179
Home equity	1		60			60
	2		$	239		$	239
During the three months ended March 31, 2014 and 2013, there were no defaults of loans modified in troubled debt restructurings during the previous twelve months.

Guarantees

Guarantees	3 Months Ended
	Mar. 31, 2014
Guarantees	'
Guarantees	'
	Note 7. Guarantees
	The Company does not issue any guarantees that would require liability recognition or disclosure, other than the Bank’s standby letters of credit.  Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party.  Generally, all letters of credit, when issued have expiration dates within one year.  The credit risk involved in issuing letters of credit is essentially the same as those that are involved in extending loan facilities to customers.  The Bank generally holds collateral and/or personal guarantees supporting these commitments.  As of March 31, 2014, the Bank had $3.2 million of commercial and similar letters of credit.  Management believes that the proceeds obtained through a liquidation of collateral and the enforcement of guarantees would be sufficient to cover the potential amount of future payment required under the corresponding guarantees.  Management believes that the current amount of the liability as of March 31, 2014 for guarantees under standby letters of credit issued is not material.

Fair_Value_Measurements_and_Fa

Fair Value Measurements and Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2014
Fair Value Measurements and Fair Value of Financial Instruments	'
Fair Value Measurements and Fair Value of Financial Instruments	'
	Note 8. Fair Value Measurements and Fair Value of Financial Instruments
	U. S. GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value.  The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).
	The three levels of the fair value hierarchy are described below:
	·                  Level 1 Inputs - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.
	·                  Level 2 Inputs - Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability.
	·                  Level 3 Inputs - Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (that is, supported with little or no market activity).
	The level of an asset or liability within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement of that asset or liability.
	For financial assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at March 31, 2014 and December 31, 2013, respectively, are as follows (in thousands):
				(Level 1)			(Level 2)		(Level 3)
	Description	March 31, 2014		Quoted Prices in			Significant Other		Significant
				Active Markets for			Observable Inputs		Unobservable Inputs
				Identical Assets
	Securities available for sale:
	U.S. Treasury obligations	$	6,331	$	—		$	6,331	$	—
	Government Sponsored Enterprise obligations	62,058		—			62,058		—
	Total securities available for sale	$	68,389	$	—		$	68,389	$	—
				(Level 1)			(Level 2)		(Level 3)
	Description	December 31, 2013		Quoted Prices in			Significant Other		Significant
				Active Markets for			Observable Inputs		Unobservable Inputs
				Identical Assets
	Securities available for sale:
	U.S. Treasury obligations	$	6,319	$	—		$	6,319	$	—
	Government sponsored enterprise obligations	61,729		—			61,729		—
	Total securities available for sale	$	68,048	$	—		$	68,048	$	—
	For financial assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at March 31, 2014 and December 31, 2013, respectively, follows (in thousands):
				(Level 1)			(Level 2)		(Level 3)
	Description	March 31, 2014		Quoted Prices in			Significant Other		Significant
				Active Markets for			Observable Inputs		Unobservable Inputs
				Identical Assets
	Impaired Loans	$	2,672	$	—		$	—	$	2,672
				(Level 1)			(Level 2)		(Level 3)
	Description	December 31, 2013		Quoted Prices in			Significant Other		Significant
				Active Markets for			Observable Inputs		Unobservable Inputs
				Identical Assets
	Impaired loans	$	2,971	$	—		$	—	$	2,971
	The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine fair value (in thousands):
	March 31, 2014	Fair Value		Valuation		Unobservable		Range (Weighted Average)
		Estimate		Techniques		Input
	Impaired Loans	$	2,672	Appraisal of Collateral (1)		Appraisal Adjustments (2)		0% - 28.1% (-16.6%)
						Liquidation Expenses (2)		0% - 41.8% (-21.2%)
	December 31, 2013	Fair Value		Valuation		Unobservable		Range (Weighted Average)
		Estimate		Techniques		Input
	Impaired loans	$	2,971	Appraisal of Collateral (1)		Appriasal Adjustments (2)		0% - 28.1% (-15.8%)
						Liquidation Expenses (2)		0% - 41.8% (-21.2%)
	(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable.
	(2) Appraisals may be adjusted for qualitative factors such as economic conditions and estimated liquidation expenses.  The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
	Management uses its best judgment in estimating the fair value of the Company’s 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 sales transactions on the dates indicated.  The estimated fair value amounts
	have been measured as of their respective period end and have not been re-evaluated or updated for purposes of these 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 at each period end.
	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 methods and assumptions were used to estimate the fair values of the Company’s finanical instruments at March 31, 2014 and December 31, 2013:
	Fair value estimates and assumptions are set forth below for the Company’s financial instruments at March 31, 2014 and December 31, 2013 (in thousands):
							(Level 1)		(Level 2)		(Level 3)
							Quoted Prices in				Significant
		March 31, 2014					Active Markets for		Significant Other		Unobservable
		Carrying amount		Estimated Fair Value			Identical Assets		Observable Inputs		Inputs
	Financial assets:
	Cash and cash equivalents	$	28,710	$	28,710		$	28,710
	Interest bearing time deposits	1,000		1,000					1,000
	Securities available for sale	68,389		68,389					68,389
	Securities held to maturity	11,125		11,121					11,121
	Restricted investment in bank stock	792		792					792
	Net loans	496,923		499,413							499,413
	Accrued interest receivable	2,186		2,186					2,186
	Financial liabilities:
Deposits	565,562		568,249			247,473		320,776
Accrued interest payable	616		616					616
						(Level 1)		(Level 2)			(Level 3)
						Quoted Prices in					Significant
	December 31, 2013					Active Markets for		Significant Other			Unobservable
	Carrying amount		Estimated Fair Value			Identical Assets		Observable Inputs			Inputs
Financial assets:
Cash and cash equivalents	$	37,741	$	37,741		$	37,741	$	—		$	—
Interest bearing time deposits	1,000		1,000			—		1,000			—
Securities available for sale	68,048		68,048			—		68,048
Securities held to maturity	18,011		18,016			—		18,016
Restricted investment in bank stock	792		792			—		792			—
Net loans	466,351		468,463			—		—			468,463
Accrued interest receivable	1,456		1,456			—		1,456			—
Financial liabilities:
Deposits	553,320		544,483			229,666		314,817			—
Accrued interest payable	635		635			—		635			—
Cash and Cash Equivalents and Interest Bearing Time Deposits
The carrying amounts reported in the balance sheet for cash and cash equivalents approximate those assets’ fair values.
Securities
The fair value of securities available for sale (carried at fair value) and held to maturity (carried at amortized cost) are determined by obtaining market prices on nationally recognized securities exchanges (Level 1), or matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices.  For certain securities which are not traded in active markets or are subject to transfer restrictions, valuations are adjusted to reflect illiquiditiy and/or non-transferability, and such adjustments are generally based on available market evidence (Level 3).  In the absence of such evidence, management’s best estimate is used.  Management’s best estimate consists of both internal and external support on certain Level 3 investments.  Internal cash flow models using a present value formula that includes assumptions market participants would use along with indicative exit pricing obtained from broker/dealers (where available) were used to support fair values of certain Level 3 investments.
Restricted Investment in Bank Stock
The carrying amount of restricted investment in bank stock approximates fair value, and considers the limited marketability of such securities.
Loans Receivable
The fair value of loans are estimated using discounted cash flow analyses, using market rates at the balance sheet date that reflect the credit and the interest rate-risk inherent in the loans.  Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments and prepayments of principal.  Generally, for variable rate loans that re-price frequently and with no significant change in credit risk, fair values approximate carrying values.
Impaired loans
Impaired loans are those for which the Company has measured impairment generally based on the fair value of the loan’s collateral or discounted cash flows based upon the expected proceeds.  Fair value is generally 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.
Accrued Interest Receivable and Payable
The carrying amount of accrued interest receivable and accrued interest payable approximates fair value.
Other real estate owned
Other real estate owned assets are adjusted to fair value less estimated selling costs upon transfer of the loans to other real estate owned.  The fair value of other real estate owned is based upon independent third party appraisal values of the collateral or management’s estimation of the value of the collateral.  These assets are included as Level 3 fair values.
Deposits
The fair values disclosed for demand deposits (e.g., interest and noninterest checking, passbook savings and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts).  Fair values for fixed rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market on certificates to a schedule of aggregated expected monthly maturities of time deposits.
Limitation
The preceding fair value estimates were made at March 31, 2014 and December 31, 2013 based on pertinent market data and relevant information on the financial instrument.  These estimates do not include any premium or discount that could result from an offer to sell at one time the Company’s entire holdings of a particular financial instrument or category thereof.  Since no market exists for a substantial portion of the Company’s financial instruments, fair value estimates were necessarily based on judgments regarding future expected loss experience, current economic conditions, risk assessment of various financial instruments, and other factors.  Given the innately subjective nature of these estimates, the uncertainties surrounding them and the matter of significant judgment that must be applied, these fair value estimates cannot be calculated with precision.  Modifications in such assumptions could meaningfully alter these estimates.
Since these fair value approximations were made solely for on and off balance sheet financial instruments at March 31, 2014 and December 31, 2013, no attempt was made to estimate the value of anticipated future business.  Furthermore, certain tax implications related to the realization of the unrealized gains and losses could have a substantial impact on these fair value estimates and have not been incorporated into the estimates.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2014
Recent Accounting Pronouncements	'
Recent Accounting Pronouncements	'
	Note 9. Recent Accounting Pronouncements
	ASU 2013-11 (Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists)
	In July, 2013, the Financial Accounting Standards Board (“FASB”) issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.  The amendments in this update require an entity with unrecognized tax benefits that is “not available” or not intended to be used at the reporting date to present the unrecognized tax benefit as a liability that should not be combined with deferred tax assets.  Otherwise, the unrecognized tax benefit should be presented as a reduction of the related deferred tax asset.  The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date.  For public entities the amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013.  The implementation of ASU 2013-11 did not have a material impact on the Company’s financial position or results of operations.
	ASU 2014-04 (Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure)
	In January, 2014, the FASB issued ASU 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. This ASU clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The ASU also requires additional related interim and annual disclosures. The guidance in this ASU is effective for annual and interim periods beginning after December 15, 2014.  The implementation of ASU 2014-01 should not have a material impact on the Company’s financial position or results of operation.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2014
Accumulated Other Comprehensive Income	'
Accumulated Other Comprehensive Income	'
	Note 10. Accumulated Other Comprehensive Income
	There were no reclassifications out of accumulated other comprehensive income for the three month period ended March 31, 2014.

Significant_Accounting_Policie1

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2014
Significant Accounting Policies	'
Basis of Financial Statement Presentation	'
	Basis of Financial Statement Presentation
	The accompanying consolidated financial statements include the accounts of Bancorp of New Jersey, Inc. (together with its subsidiary, the “Company”), and its direct wholly-owned subsidiary, Bank of New Jersey (the “Bank”) and the Bank’s wholly-owned subsidiary, BONJ-New York Corp.  All significant inter-company accounts and transactions have been eliminated in consolidation.
	The Company was incorporated under the laws of the State of New Jersey to serve as a holding company for the Bank and to acquire all the capital stock of the Bank (referred to herein as the “holding company reorganization”).
	The Company’s class of common stock has no par value and the Bank’s class of common stock has a par value of $10 per share.
	The financial information in this quarterly report has been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”); these financial statements have not been audited. Certain information and footnote disclosures required under GAAP have been condensed or omitted, as permitted by rules and regulations of the Securities and Exchange Commission.

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2014
Earnings Per Share	'
Schedule showing earnings per share	'
		For the Quarter Ended
		March 31,
	(In thousands except per share data)	2014		2013
	Net income applicable to common stock	$	871	$	1,145
	Weighted average number of common shares outstanding - basic	5,343		5,292
	Basic earnings per share	$	0.16	$	0.22
	Net income applicable to common stock	$	871	$	1,145
	Weighted average number of common shares outstanding	5,343		5,292
	Effect of dilutive options	75		72
	Weighted average number of common shares and common share equivalents- diluted	5,418		5,364
	Diluted earnings per share	$	0.16	$	0.21

Securities_Available_for_Sale_1

Securities Available for Sale and Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2014
Securities Available for Sale and Investment Securities	'
Summary of securities held to maturity and securities available for sale	'
	A summary of securities held to maturity and securities available for sale at March 31, 2014 and December 31, 2013 is as follows (in thousands):
				Gross			Gross
		Amortized		Unrealized			Unrealized			Fair
	March 31, 2014	Cost		Gains			Losses			Value
	Securities Held to Maturity:
	Obligations of states and political subdivisions	$	7,126	$	—		$	—		$	7,126
	U.S. Treasury obligations	3,999		—			(4		)	3,995
	Total securities held to maturity	11,125		—			(4		)	11,121
	Securities Available for Sale:
	U.S. Treasury obligations	6,706		—			(375		)	6,331
	Government Sponsored Enterprise obligations	64,000		—			(1,942		)	62,058
	Total securities available for sale	70,706		—			(2,317		)	68,389
	Total securities	$	81,831	$	—		$	(2,321	)	$	79,510
				Gross			Gross
		Amortized		Unrealized			Unrealized			Fair
	December 31, 2013	Cost		Gains			Losses			Value
	Securities Held to Maturity:
	Obligations of states and political subdivisions	$	10,014	$	—		$	—		$	10,014
	Government sponsored enterprise obligations	3,998		10			—			4,008
	U.S. Treasury obligations	3,999		—			(5		)	3,994
	Total securities held to maturity	18,011		10			(5		)	18,016
	Securities Available for Sale:
	U.S. Treasury obligations	6,733		—			(414		)	6,319
	Government sponsored enterprise obligations	64,000		—			(2,271		)	61,729
	Total securities available for sale	70,733		—			(2,685		)	68,048
	Total securities	$	88,744	$	10		$	(2,690	)	$	86,064
Schedule of unrealized losses, categorized by the length of time of continuous loss position, and the fair value of related securities	'
	The unrealized losses, categorized by the length of time of continuous loss position, and the fair value of related securities available for sale are as follows (in thousands):
		Less than 12 Months					More than 12 Months						Total
		Fair		Unrealized			Fair			Unrealized			Fair		Unrealized
	March 31, 2014	Value		Losses			Value			Losses			Value		Losses
	Securities Held to Maturity:
	U.S. Treasury obligations	$	3,995	$	(4	)	$	—		$	—		$	3,995	$	(4	)
	Securities Available for Sale:
	U.S. Treasury obligations	$	6,332	$	(375	)	$	—		$	—		$	6,332	$	(375	)
	Government Sponsored Enterprise obligations	22,995		(1,004		)	39,062			(938		)	62,057		(1,942		)
	Total securities available for sale	29,327		(1,379		)	39,062			(938		)	68,389		(2,317		)
	Total securities	$	33,322	$	(1,383	)	$	39,062		$	(938	)	$	72,384	$	(2,321	)
		Less than 12 Months					More than 12 Months						Total
		Fair		Unrealized			Fair			Unrealized			Fair		Unrealized
	December 31, 2013	Value		Losses			Value			Losses			Value		Losses
	Securities Held to Maturity:
	U.S. Treasury obligations	$	3,994	$	(5	)	$	—		$	—		$	3,994	$	(5	)
	Securities Available for Sale:
	U.S. Treasury obligation	—		—			6,319			(414		)	6,319		(414		)
	Government Sponsored Enterprise obligations	41,757		(1,243		)	16,972			(1,028		)	58,729		(2,271		)
	Total securities available for sale	41,757		(1,243		)	23,291			(1,442		)	65,048		(2,685		)
	Total securities	$	45,751	$	(1,248	)	$	23,291		$	(1,442	)	$	69,042	$	(2,690	)
Schedule of maturity distribution of the Company's held to maturity and available for sale portfolios	'
	Expected maturities will differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties (in thousands):
		Securities Held to Maturity					Securities Available for Sale
		Amortized		Fair			Amortized			Fair
		Cost		Value			Cost			Value
	One year or less	$	7,126	$	7,126		$	—		$	—
	After one to five years	3,999		3,995			33,000			32,493
	After five to ten years	—		—			37,706			35,896
	Total	$	11,125	$	11,121		$	70,706		$	68,389

Loans_Tables

Loans (Tables)	3 Months Ended
	Mar. 31, 2014
Loans	'
Schedule of components of the loan portfolio	'
	The components of the loan portfolio at March 31, 2014 and December 31, 2013 are summarized as follows (in thousands):
		March 31, 2014			December 31, 2013
	Commercial real estate	$	321,906		$	298,548
	Residential mortgages	51,319			53,601
	Commercial	59,333			57,634
	Home equity	69,263			61,204
	Consumer	1,436			1,478
		$	503,257		$	472,465
Schedule of activity in the allowance for loan losses and recorded investment in loan receivables	'
	The activity in the allowance for loan losses and recorded investment in loan receivables as of and for the periods indicated are as follows (in thousands):
	For the three months ended and as of:
		Commercial			Residential			Commercial			Home			Consumer		Unallocated			Total
		Real Estate			Mortgages						Equity
	March 31, 2014
	Allowance for loan losses:
	Beginning Balance	$	3,707		$	325		$	969		$	593		$	26	$	155		$	5,775
	Charge-offs	(40		)	—			—			—			—		—			(40		)
	Recoveries	—			—			1			—			—		—			1
	Provisions	145			4			(38		)	6			67		256			440
	Transfer	—			—			—			—			—		(198		)	(198		)
	Ending balance	$	3,812		$	329		$	932		$	599		$	93	$	213		$	5,978
	Ending balance: individually evaluated for impairment	$	197		$	58		$	50		$	261		$	—	$	—		$	566
	Ending balance: collectively evaluted for impairment	$	3,615		$	271		$	882		$	338		$	93	$	213		$	5,412
	Loans receivables:
	Ending balance	$	321,906		$	51,319		$	59,333		$	69,263		$	1,436	$	—		$	503,257
	Ending balance: individually evaluted for impairment	3,950			4,332			50			1,733			—		—			10,065
	Ending balance: collectively evaluated for impairment	$	317,956		$	46,987		$	59,283		$	67,530		$	1,436	$	—		$	493,192
		Commercial			Residential			Commercial			Home			Consumer		Unallocated			Total
		Real Estate			Mortgages						Equity
	March 31, 2013
	Allowance for loan losses:
	Beginning Balance	$	3,150		$	322		$	1,033		$	383		$	24	$	160		$	5,072
	Charge-offs	—			—			—			—			—		—			—
	Recoveries	1			—			—			—			—		—			1
	Provisions	104			(40		)	(95		)	159			1		11			140
	Ending balance	$	3,255		$	282		$	938		$	542		$	25	$	171		$	5,213
	December 31, 2013
	Ending balance	$	3,707		$	325		$	969		$	593		$	26	$	155		$	5,775
	Ending balance: individually evaluated for impairment	$	237		$	56		$	50		$	261		$	—	$	—		$	604
	Ending balance: collectively evaluated for impairment	$	3,470		$	269		$	919		$	332		$	26	$	155		$	5,171
	Loans receivables:
	Ending balance	$	298,548		$	53,601		$	57,634		$	61,204		$	1,478	$	—		$	472,465
	Ending balance: individually evaluted for impairment	$	4,204		$	5,661		$	50		$	1,733		$	—	$	—		$	11,648
	Ending balance: collectively evaluated for impairment	$	294,344		$	47,940		$	57,584		$	59,471		$	1,478	$	—		$	460,817
Schedule of classes of the loan portfolio summarized by the past due status	'
	The following table presents the classes of the loan portfolio summarized by the past due status as of March 31, 2014 and December 31, 2013 (in thousands):
	March 31, 2014	30-59 Days			60-89 Days			Greater than			Total Past			Current		Total Loans			Nonaccrual
		Past Due			Past Due			90 Days			Due					Receivables			Loans
	Commercial real estate	$	307		$	—		$	1,456		$	1,763		$	320,143	$	321,906		$	1,456
	Residential mortgages	271			—			879			1,150			50,169		51,319			879
	Commercial	—			—			50			50			59,283		59,333			50
	Home equity	725			—			673			1,398			67,865		69,263			673
	Consumer	125			—			—			125			1,311		1,436			—
	Total	$	1,428		$	—		$	3,058		$	4,486		$	498,771	$	503,257		$	3,058
	December 31, 2013	30-59 Days			60-89 Days			Greater than			Total Past			Current		Total Loans			Nonaccrual
		Past Due			Past Due			90 Days			Due					Receivables			Loans
	Commercial real estate	$	—		$	—		$	1,700		$	1,700		$	296,848	$	298,548		$	1,700
	Residential mortgages	—			—			2,608			2,608			50,993		53,601			2,608
	Commercial	—			—			50			50			57,584		57,634			50
	Home equity	160			—			673			833			60,371		61,204			673
	Consumer	—			35			—			35			1,443		1,478			—
	Total	$	160		$	35		$	5,031		$	5,226		$	467,239	$	472,465		$	5,031
Summary of loan portfolio by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company's internal risk rating system	'
	The following table presents the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system as of March 31, 2014 and December 31, 2013 (in thousands):
	March 31, 2014	Commercial			Residential			Commercial			Home Equity			Consumer		Total
		Real Estate			Mortgages
	Pass	$	318,354		$	50,919		$	57,783		$	67,590		$	1,436	$	496,082
	Special Mention	2,096			400			1,500			—			—		3,996
	Substandard	1,456			`			50			1,673			—		3,179
	Doubtful	—			—			—			—			—		—
	Total	$	321,906		$	51,319		$	59,333		$	69,263		$	1,436	$	503,257
	December 31, 2013	Commercial			Residential			Commercial			Home Equity			Consumer		Total
		Real Estate			Mortgages
	Pass	$	294,741		$	48,120		$	56,084		$	59,531		$	1,478	$	459,954
	Special Mention	2,107			2,873			1,500			1,000			—		7,480
	Substandard	1,700			2,608			50			673			—		5,031
	Doubtful	—			—			—			—			—		—
	Total	$	298,548		$	53,601		$	57,634		$	61,204		$	1,478	$	472,465
Schedule of information about impaired loans	'
	The following table provides information about the Company’s impaired loans at March 31, 2014 and December 31, 2013 (in thousands):
	March 31, 2014	Recorded			Unpaid			Related
		Investment			Principal			Allowance
					Balance
	Impaired loans with specific reserves:
	Commercial real estate	$	714		$	714		$	197
	Residential mortgage	880			1,091			58
	Commercial	50			50			50
	Home equity	1,594			1,594			261
	Total impaired loans with specific reserves	3,238			3,449			566
	Impaired loans with no specific reserves:
	Commercial real estate	3,236			3,236			—
	Residential mortgage	3,452			3,452			—
	Home equity	139			240			—
	Total impaired loans with no specific reserves	6,827			6,928			—
	Total impaired loans	$	10,065		$	10,377		$	566
	December 31, 2013	Recorded			Unpaid			Related
		Investment			Principal			Allowance
					Balance
	Impaired loans with specific reserves:
	Commercial real estate	$	957		$	957		$	237
	Residential mortgages	974			1,185			56
	Commercial	50			50			50
	Home equity	1,594			1,594			261
	Total impaired loans with specific reserves	3,575			3,786			604
	Impaired loans with no specific reserves:
	Commercial real estate	3,247			3,247			—
	Residential mortgages	4,687			4,687			—
	Home equity	139			240			—
	Total impaired loans with no specific reserves	8,073			8,174			—
	Total impaired loans	$	11,648		$	11,960		$	604
	The following table provides information about the Company’s impaired loans and related amounts recorded in the allowance for loan losses for the three month periods ended March 31, 2014 and 2013  (in thousands):
		2014						2013
		Average			Interest			Average			Interest
		Recorded			Income			Recorded			Income
		Investment			Recognized			Investment			Recognized
	Impaired loans with specific reserves:
	Commercial real estate	$	714		$	—		$	714		$	—
	Residential mortgage	880			—			967			—
	Commercial	50			—			50			—
	Home equity	1,594			13			576			3
	Total impaired loans with specific reserves	3,238			13			2,307			3
	Impaired loans with no specific reserves:
	Commercial real estate	3,363			29			943			6
	Residential mortgage	4,117			38			4,951			—
	Commercial	—			—			275			—
	Home equity	139			1			1,392			—
	Total impaired loans with no specific reserves	7,619			68			7,561			6
	Total impaired loans	$	10,857		$	81		$	9,868		$	9
Summary of TDRs by loan portfolio class	'
	The following table summarizes information in regards to TDRs by loan portfolio class as of March 31, 2014 and December 31, 2013 (in thousands):
	March 31, 2014	Accrual			Number of		Nonaccrual			Number of		Total
		Status			Loans		Status			Loans
	Residential mortgages	$	3,452		3		$	880		3		$	4,332
	Commercial real estate	397			1		742			1		1,139
	Home equity	1,060			2		—			—		1,060
		$	4,909		6		$	1,622		4		$	6,531
	December 31, 2013	Accrual			Number of		Nonaccrual			Number of		Total
		Status			Loans		Status			Loans
	Residential mortgages	$	3,053		2		$	2,514		4		$	5,567
	Commercial real estate	397			1		742			1		1,139
	Home equity	1,060			2		—			—		1,060
		$	4,510		5		$	3,256		5		$	7,766
Summary of pre and post modification troubled debt restructurings recorded investments	'
	The following table summarizes information in regards to TDRs that occurred during the three months ended March 31, 2014 and 2013 (in thousands):
				Pre-Modification			Post-
							Modification
				Outstanding			Outstanding
		Number of		Recorded			Recorded
	2014	Loans		Investments			Investments
	Residential mortgages	1		$	365		$	400
				Pre-Modification			Post-
							Modification
				Outstanding			Outstanding
		Number of		Recorded			Recorded
	2013	Loans		Investments			Investments
	Residential mortgages	1		$	179		$	179
	Home equity	1		60			60
		2		$	239		$	239

Fair_Value_Measurements_and_Fa1

Fair Value Measurements and Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2014
Fair Value Measurements and Fair Value of Financial Instruments	'
Schedule of financial assets measured at fair value on a recurring basis	'
	For financial assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at March 31, 2014 and December 31, 2013, respectively, are as follows (in thousands):
				(Level 1)			(Level 2)		(Level 3)
	Description	March 31, 2014		Quoted Prices in			Significant Other		Significant
				Active Markets for			Observable Inputs		Unobservable Inputs
				Identical Assets
	Securities available for sale:
	U.S. Treasury obligations	$	6,331	$	—		$	6,331	$	—
	Government Sponsored Enterprise obligations	62,058		—			62,058		—
	Total securities available for sale	$	68,389	$	—		$	68,389	$	—
				(Level 1)			(Level 2)		(Level 3)
	Description	December 31, 2013		Quoted Prices in			Significant Other		Significant
				Active Markets for			Observable Inputs		Unobservable Inputs
				Identical Assets
	Securities available for sale:
	U.S. Treasury obligations	$	6,319	$	—		$	6,319	$	—
	Government sponsored enterprise obligations	61,729		—			61,729		—
	Total securities available for sale	$	68,048	$	—		$	68,048	$	—
Schedule of financial assets measured at fair value on a nonrecurring basis	'
	For financial assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at March 31, 2014 and December 31, 2013, respectively, follows (in thousands):
				(Level 1)			(Level 2)		(Level 3)
	Description	March 31, 2014		Quoted Prices in			Significant Other		Significant
				Active Markets for			Observable Inputs		Unobservable Inputs
				Identical Assets
	Impaired Loans	$	2,672	$	—		$	—	$	2,672
				(Level 1)			(Level 2)		(Level 3)
	Description	December 31, 2013		Quoted Prices in			Significant Other		Significant
				Active Markets for			Observable Inputs		Unobservable Inputs
				Identical Assets
	Impaired loans	$	2,971	$	—		$	—	$	2,971
Schedule of additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Company utilized Level 3 inputs to determine fair value	'
	The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine fair value (in thousands):
	March 31, 2014	Fair Value		Valuation		Unobservable		Range (Weighted Average)
		Estimate		Techniques		Input
	Impaired Loans	$	2,672	Appraisal of Collateral (1)		Appraisal Adjustments (2)		0% - 28.1% (-16.6%)
						Liquidation Expenses (2)		0% - 41.8% (-21.2%)
	December 31, 2013	Fair Value		Valuation		Unobservable		Range (Weighted Average)
		Estimate		Techniques		Input
	Impaired loans	$	2,971	Appraisal of Collateral (1)		Appriasal Adjustments (2)		0% - 28.1% (-15.8%)
						Liquidation Expenses (2)		0% - 41.8% (-21.2%)
	(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable.
	(2) Appraisals may be adjusted for qualitative factors such as economic conditions and estimated liquidation expenses.  The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
Schedule of fair value estimates and assumptions of financial instruments	'
	Fair value estimates and assumptions are set forth below for the Company’s financial instruments at March 31, 2014 and December 31, 2013 (in thousands):
							(Level 1)		(Level 2)		(Level 3)
							Quoted Prices in				Significant
		March 31, 2014					Active Markets for		Significant Other		Unobservable
		Carrying amount		Estimated Fair Value			Identical Assets		Observable Inputs		Inputs
	Financial assets:
	Cash and cash equivalents	$	28,710	$	28,710		$	28,710
	Interest bearing time deposits	1,000		1,000					1,000
	Securities available for sale	68,389		68,389					68,389
	Securities held to maturity	11,125		11,121					11,121
	Restricted investment in bank stock	792		792					792
	Net loans	496,923		499,413							499,413
	Accrued interest receivable	2,186		2,186					2,186
	Financial liabilities:
	Deposits	565,562		568,249			247,473		320,776
	Accrued interest payable	616		616					616
							(Level 1)		(Level 2)			(Level 3)
							Quoted Prices in					Significant
		December 31, 2013					Active Markets for		Significant Other			Unobservable
		Carrying amount		Estimated Fair Value			Identical Assets		Observable Inputs			Inputs
	Financial assets:
	Cash and cash equivalents	$	37,741	$	37,741		$	37,741	$	—		$	—
	Interest bearing time deposits	1,000		1,000			—		1,000			—
	Securities available for sale	68,048		68,048			—		68,048
	Securities held to maturity	18,011		18,016			—		18,016
	Restricted investment in bank stock	792		792			—		792			—
	Net loans	466,351		468,463			—		—			468,463
	Accrued interest receivable	1,456		1,456			—		1,456			—
	Financial liabilities:
	Deposits	553,320		544,483			229,666		314,817			—
	Accrued interest payable	635		635			—		635			—

Significant_Accounting_Policie2

Significant Accounting Policies (Details) (Bank, USD $)	Mar. 31, 2014
Bank	'
Significant accounting policies	'
Class of common stock par value (in dollars per share)	$10

Stockholders_Equity_and_Relate1

Stockholders' Equity and Related Transactions (Details)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
		Restricted stock
		Executive officers and directors
		2011 Equity Incentive Plan
Stockholders' equity and related transactions	'	'
Shares of common stock issued	3,218	'
Number of shares of restricted stock issued	'	85,000

Benefit_Plans_and_StockBased_C1

Benefit Plans and Stock-Based Compensation (Details) (USD $)

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2007

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2013

2006 Stock Option Plan

2006 Stock Option Plan

2006 Stock Option Plan

2007 Director Plan

2007 Director Plan

2007 Director Plan

2007 Director Plan

2011 Equity Incentive Plan

2011 Equity Incentive Plan

2011 Equity Incentive Plan

2011 Equity Incentive Plan

Incentive stock options

Incentive stock options

Non-qualified options

Non-qualified options

Non-qualified options

Certain members of management

Restricted stock

Restricted stock

Executive officers and directors

Executive officers and directors

Benefit Plans and Stock-Based Compensation

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum number of shares authorized to be purchased

'

'

239,984

'

'

'

'

'

480,000

250,000

'

'

'

Number of shares issued under the plan

'

'

'

210,900

'

'

460,000

'

'

'

'

'

'

Number of shares outstanding under the plan

'

'

'

187,900

'

'

331,334

'

'

'

'

'

'

Unrecognized compensation expense related to unvested stock options

'

'

'

$0

'

'

'

$0

'

'

'

'

'

Shares of common stock issued

3,218

'

'

'

'

'

'

'

'

'

3,218

'

'

Number of shares of restricted stock issued

'

'

'

'

'

'

'

'

'

'

'

'

85,000

Vesting term

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

Number of Shares

'

'

'

'

'

'

'

'

'

'

'

'

'

Granted (in shares)

'

'

'

0

'

'

0

'

'

'

'

'

'

Forfeited (in shares)

'

'

'

0

'

'

0

'

'

'

'

'

'

Exercised (in shares)

'

'

'

0

'

'

0

'

'

'

'

'

'

Share-based compensation expense

'

'

'

'

0

'

0

'

'

'

42,000

52,000

19,000

Aggregate intrinsic value of options outstanding

$1,300,000

$1,100,000

'

'

'

'

'

'

'

'

'

'

'

Number of unvested options (in shares)

'

'

0

'

'

0

'

'

'

'

'

'

'

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Basic earnings per share	'	'
Net income applicable to common stock	$871	$1,145
Weighted average number of common shares outstanding - basic	5,343,000	5,292,000
Basic earnings per share (in dollars per share)	$0.16	$0.22
Diluted earnings per share	'	'
Net income applicable to common stock	$871	$1,145
Weighted average number of common shares outstanding	5,343,000	5,292,000
Effect of dilutive options (in shares)	75,000	72,000
Weighted average number of common shares and common share equivalents- diluted	5,418,000	5,364,000
Diluted earnings per share (in dollars per share)	$0.16	$0.21
Non-qualified options	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share	'	'
Dilutive securities (in shares)	331,334	414,668
Weighted average price of dilutive securities (in dollars per share)	$11.50	$11.50
Incentive stock options	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share	'	'
Dilutive securities (in shares)	90,000	90,000
Weighted average price of dilutive securities (in dollars per share)	$11.50	$11.50
Restricted stock	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share	'	'
Dilutive securities (in shares)	85,000	85,000

Earnings_Per_Share_Details_2

Earnings Per Share (Details 2) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share	'	'
Number of shares of common stock issued, upon exercise of incentive stock options	75,000	72,000
Non-qualified options	'	'
Earnings Per Share	'	'
Number of shares of common stock issued, upon exercise of incentive stock options	97,900	97,900
Incentive stock options at a weighted average price of $9.09	'	'
Earnings Per Share	'	'
Weighted average price of incentive stock options included in computation of diluted earnings per share (in dollars per share)	9.09	9.09

Securities_Available_for_Sale_2

Securities Available for Sale and Investment Securities (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Securities Held to Maturity:	'	'
Amortized Cost	$11,125	$18,011
Gross Unrealized Gains	'	10
Gross Unrealized Losses	-4	-5
Fair Value	11,121	18,016
Securities Available for Sale:	'	'
Amortized Cost	70,706	70,733
Gross Unrealized Losses	-2,317	-2,685
Fair Value	68,389	68,048
Total securities	'	'
Amortized Cost	81,831	88,744
Gross Unrealized Gains	'	10
Gross Unrealized Losses	-2,321	-2,690
Fair Value	79,510	86,064
Obligations of states and political subdivisions	'	'
Securities Held to Maturity:	'	'
Amortized Cost	7,126	10,014
Fair Value	7,126	10,014
U.S. Treasury obligations	'	'
Securities Held to Maturity:	'	'
Amortized Cost	3,999	3,999
Gross Unrealized Losses	-4	-5
Fair Value	3,995	3,994
Securities Available for Sale:	'	'
Amortized Cost	6,706	6,733
Gross Unrealized Losses	-375	-414
Fair Value	6,331	6,319
Government Sponsored Enterprise Obligations	'	'
Securities Held to Maturity:	'	'
Amortized Cost	'	3,998
Gross Unrealized Gains	'	10
Fair Value	'	4,008
Securities Available for Sale:	'	'
Amortized Cost	64,000	64,000
Gross Unrealized Losses	-1,942	-2,271
Fair Value	$62,058	$61,729

Securities_Available_for_Sale_3

Securities Available for Sale and Investment Securities (Details 2) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Fair Value	'	'
Less than 12 Months	$29,327	$41,757
More than 12 Months	39,062	23,291
Total	68,389	65,048
Unrealized Losses	'	'
Less than 12 Months	-1,379	-1,243
More than 12 Months	-938	-1,442
Total	-2,317	-2,685
Fair Value	'	'
Less than 12 Months	33,322	45,751
More than 12 Months	39,062	23,291
Total	72,384	69,042
Unrealized Losses	'	'
Less than 12 Months	-1,383	-1,248
More than 12 Months	-938	-1,442
Total	-2,321	-2,690
Government Sponsored Enterprise Obligations	'	'
Fair Value	'	'
Less than 12 Months	22,995	41,757
More than 12 Months	39,062	16,972
Total	62,057	58,729
Unrealized Losses	'	'
Less than 12 Months	-1,004	-1,243
More than 12 Months	-938	1,028
Total	-1,942	-2,271
U.S. Treasury obligations	'	'
Fair Value	'	'
Less than 12 Months	3,995	3,994
Total	3,995	3,994
Unrealized Losses	'	'
Less than 12 Months	-4	-5
Total	-4	-5
Fair Value	'	'
Less than 12 Months	6,332	'
More than 12 Months	'	6,319
Total	6,332	6,319
Unrealized Losses	'	'
Less than 12 Months	-375	'
More than 12 Months	'	-414
Total	($375)	($414)

Securities_Available_for_Sale_4

Securities Available for Sale and Investment Securities (Details 3) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
	item	item
Securities Held to Maturity, Amortized Cost	'	'	'
One year or less	$7,126,000	'	'
After one year to five years	3,999,000	'	'
Total	11,125,000	'	18,011,000
Securities Held to Maturity, Fair Value	'	'	'
One year or less	7,126,000	'	'
After one year to five years	3,995,000	'	'
Fair Value	11,121,000	'	18,016,000
Securities Available for sale, Amortized Cost	'	'	'
After one to five years	33,000,000	'	'
After five to ten years	37,706,000	'	'
Total	70,706,000	'	'
Securities Available for sale, Fair Value	'	'	'
After one to five years	32,493,000	'	'
After five to ten years	35,896,000	'	'
Fair Value	68,389,000	'	68,048,000
Number of available for sale securities	28	'	'
Number of available for sale securities in unrealized loss position for less than twelve months	17	'	'
Number of available for sale securities in unrealized loss position for more than twelve months	11	'	'
OTTI Charges recorded	0	'	'
Amortized cost of securities pledged to secure public funds on deposit	10,400,000	'	8,400,000
Fair value of securities pledged to secure public funds on deposit	10,000,000	'	8,100,000
Recognized gains on sale of available for sale securities	'	333,000	'
Number of available for sale securities sold for gains	'	5	'
Recognized loss on sale of available for sale securities	'	280,000	'
Number of available for sale securities sold for loss	'	6	'
Recognized net gains on sale of available-for-sale securities	'	$53,000	'
Number of available for sale securities sold for no gain or loss	'	1	'
Number of available for sale securities sold	'	12	'

Loans_Details

Loans (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Loans	'	'
Loans receivable	$503,257	$472,465
Commercial Real Estate	'	'
Loans	'	'
Loans receivable	321,906	298,548
Residential Mortgages	'	'
Loans	'	'
Loans receivable	51,319	53,601
Commercial	'	'
Loans	'	'
Loans receivable	59,333	57,634
Home Equity	'	'
Loans	'	'
Loans receivable	69,263	61,204
Consumer	'	'
Loans	'	'
Loans receivable	$1,436	$1,478

Loans_Details_2

Loans (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Allowance for loan losses:	'	'	'
Beginning Balance	$5,775	$5,072	'
Charge-offs	-40	'	'
Recoveries	1	1	'
Provisions	440	140	'
Transfer	-198	'	'
Ending balance	5,978	5,213	'
Ending balance: individually evaluated for impairment	566	'	604
Ending balance: collectively evaluated for impairment	5,412	'	5,171
Loan receivables: Ending balance	'	'	'
Ending balance	503,257	'	472,465
Ending balance: individually evaluated for impairment	10,065	'	11,648
Ending balance: collectively evaluated for impairment	493,192	'	460,817
Commercial Real Estate	'	'	'
Allowance for loan losses:	'	'	'
Beginning Balance	3,707	3,150	'
Charge-offs	-40	'	'
Recoveries	'	1	'
Provisions	145	104	'
Ending balance	3,812	3,255	'
Ending balance: individually evaluated for impairment	197	'	237
Ending balance: collectively evaluated for impairment	3,615	'	3,470
Loan receivables: Ending balance	'	'	'
Ending balance	321,906	'	298,548
Ending balance: individually evaluated for impairment	3,950	'	4,204
Ending balance: collectively evaluated for impairment	317,956	'	294,344
Residential Mortgages	'	'	'
Allowance for loan losses:	'	'	'
Beginning Balance	325	322	'
Provisions	4	-40	'
Ending balance	329	282	'
Ending balance: individually evaluated for impairment	58	'	56
Ending balance: collectively evaluated for impairment	271	'	269
Loan receivables: Ending balance	'	'	'
Ending balance	51,319	'	53,601
Ending balance: individually evaluated for impairment	4,332	'	5,661
Ending balance: collectively evaluated for impairment	46,987	'	47,940
Commercial	'	'	'
Allowance for loan losses:	'	'	'
Beginning Balance	969	1,033	'
Recoveries	1	'	'
Provisions	-38	-95	'
Ending balance	932	938	'
Ending balance: individually evaluated for impairment	50	'	50
Ending balance: collectively evaluated for impairment	882	'	919
Loan receivables: Ending balance	'	'	'
Ending balance	59,333	'	57,634
Ending balance: individually evaluated for impairment	50	'	50
Ending balance: collectively evaluated for impairment	59,283	'	57,584
Home Equity	'	'	'
Allowance for loan losses:	'	'	'
Beginning Balance	593	383	'
Provisions	6	159	'
Ending balance	599	542	'
Ending balance: individually evaluated for impairment	261	'	261
Ending balance: collectively evaluated for impairment	338	'	332
Loan receivables: Ending balance	'	'	'
Ending balance	69,263	'	61,204
Ending balance: individually evaluated for impairment	1,733	'	1,733
Ending balance: collectively evaluated for impairment	67,530	'	59,471
Consumer	'	'	'
Allowance for loan losses:	'	'	'
Beginning Balance	26	24	'
Provisions	67	1	'
Ending balance	93	25	'
Ending balance: collectively evaluated for impairment	93	'	26
Loan receivables: Ending balance	'	'	'
Ending balance	1,436	'	1,478
Ending balance: collectively evaluated for impairment	1,436	'	1,478
Unallocated	'	'	'
Allowance for loan losses:	'	'	'
Beginning Balance	155	160	'
Provisions	256	11	'
Transfer	-198	'	'
Ending balance	213	171	'
Ending balance: collectively evaluated for impairment	$213	'	$155

Loans_Details_3

Loans (Details 3) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
	item
Past due receivable	'	'
30-59 Days Past Due	$1,428	$160
60-89 Days Past Due	'	35
Greater than 90 Days	3,058	5,031
Total Past Due	4,486	5,226
Current	498,771	467,239
Total Loans Receivable	503,257	472,465
Nonaccrual loans	3,058	5,031
Number of accruing loans greater than ninety days delinquent	0	'
Commercial Real Estate	'	'
Past due receivable	'	'
30-59 Days Past Due	307	'
Greater than 90 Days	1,456	1,700
Total Past Due	1,763	1,700
Current	320,143	296,848
Total Loans Receivable	321,906	298,548
Nonaccrual loans	1,456	1,700
Residential Mortgages	'	'
Past due receivable	'	'
30-59 Days Past Due	271	'
Greater than 90 Days	879	2,608
Total Past Due	1,150	2,608
Current	50,169	50,993
Total Loans Receivable	51,319	53,601
Nonaccrual loans	879	2,608
Commercial	'	'
Past due receivable	'	'
Greater than 90 Days	50	50
Total Past Due	50	50
Current	59,283	57,584
Total Loans Receivable	59,333	57,634
Nonaccrual loans	50	50
Home Equity	'	'
Past due receivable	'	'
30-59 Days Past Due	725	160
Greater than 90 Days	673	673
Total Past Due	1,398	833
Current	67,865	60,371
Total Loans Receivable	69,263	61,204
Nonaccrual loans	673	673
Consumer	'	'
Past due receivable	'	'
30-59 Days Past Due	125	'
60-89 Days Past Due	'	35
Total Past Due	125	35
Current	1,311	1,443
Total Loans Receivable	$1,436	$1,478

Loans_Details_4

Loans (Details 4) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Nonaccrual status loans	'	'
Interest income foregone on nonaccrual loans	$50,000	$89,000
Interest income recognized on non-accrual loans	$0	$0

Loans_Details_5

Loans (Details 5) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Loan portfolio by the aggregate pass rating	'	'
Total	$503,257	$472,465
Pass	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	496,082	459,954
Special Mention	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	3,996	7,480
Substandard	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	3,179	5,031
Commercial Real Estate	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	321,906	298,548
Commercial Real Estate | Pass	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	318,354	294,741
Commercial Real Estate | Special Mention	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	2,096	2,107
Commercial Real Estate | Substandard	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	1,456	1,700
Residential Mortgages	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	51,319	53,601
Residential Mortgages | Pass	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	50,919	48,120
Residential Mortgages | Special Mention	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	400	2,873
Residential Mortgages | Substandard	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	'	2,608
Commercial	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	59,333	57,634
Commercial | Pass	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	57,783	56,084
Commercial | Special Mention	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	1,500	1,500
Commercial | Substandard	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	50	50
Home Equity	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	69,263	61,204
Home Equity | Pass	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	67,590	59,531
Home Equity | Special Mention	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	'	1,000
Home Equity | Substandard	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	1,673	673
Consumer	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	1,436	1,478
Consumer | Pass	'	'
Loan portfolio by the aggregate pass rating	'	'
Total	$1,436	$1,478

Loans_Details_6

Loans (Details 6) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Recorded Investment	'	'	'
Loans with specific reserves	$3,238	'	$3,575
Loans with no specific reserves	6,827	'	8,073
Total loans	10,065	'	11,648
Unpaid Principal Balance	'	'	'
Loans with specific reserves	3,449	'	3,786
Loans with no specific reserves	6,928	'	8,174
Total loans	10,377	'	11,960
Related Allowance	'	'	'
Total loans	566	'	604
Average Recorded Investment	'	'	'
Loans with specific reserves	3,238	2,307	'
Loans with no specific reserves	7,619	7,561	'
Total loans	10,857	9,868	'
Interest Income Recognized	'	'	'
Loans with specific reserves	13	3	'
Loans with no specific reserves	68	6	'
Total loans	81	9	'
Commercial Real Estate	'	'	'
Recorded Investment	'	'	'
Loans with specific reserves	714	'	957
Loans with no specific reserves	3,236	'	3,247
Unpaid Principal Balance	'	'	'
Loans with specific reserves	714	'	957
Loans with no specific reserves	3,236	'	3,247
Related Allowance	'	'	'
Total loans	197	'	237
Average Recorded Investment	'	'	'
Loans with specific reserves	714	714	'
Loans with no specific reserves	3,363	943	'
Interest Income Recognized	'	'	'
Loans with no specific reserves	29	6	'
Residential Mortgages	'	'	'
Recorded Investment	'	'	'
Loans with specific reserves	880	'	974
Loans with no specific reserves	3,452	'	4,687
Unpaid Principal Balance	'	'	'
Loans with specific reserves	1,091	'	1,185
Loans with no specific reserves	3,452	'	4,687
Related Allowance	'	'	'
Total loans	58	'	56
Average Recorded Investment	'	'	'
Loans with specific reserves	880	967	'
Loans with no specific reserves	4,117	4,951	'
Interest Income Recognized	'	'	'
Loans with no specific reserves	38	'	'
Commercial	'	'	'
Recorded Investment	'	'	'
Loans with specific reserves	50	'	50
Unpaid Principal Balance	'	'	'
Loans with specific reserves	50	'	50
Related Allowance	'	'	'
Total loans	50	'	50
Average Recorded Investment	'	'	'
Loans with specific reserves	50	50	'
Loans with no specific reserves	'	275	'
Home Equity	'	'	'
Recorded Investment	'	'	'
Loans with specific reserves	1,594	'	1,594
Loans with no specific reserves	139	'	139
Unpaid Principal Balance	'	'	'
Loans with specific reserves	1,594	'	1,594
Loans with no specific reserves	240	'	240
Related Allowance	'	'	'
Total loans	261	'	261
Average Recorded Investment	'	'	'
Loans with specific reserves	1,594	576	'
Loans with no specific reserves	139	1,392	'
Interest Income Recognized	'	'	'
Loans with specific reserves	13	3	'
Loans with no specific reserves	$1	'	'

Loans_Details_7

Loans (Details 7) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
	loan	loan
Troubled debt restructuring	'	'
Accrual Status	$4,909	$4,510
Number of Loans	6	5
Nonaccrual Status	1,622	3,256
Number of Loans	4	5
Total	6,531	7,766
Number of Loans	'	2
Pre-modification outstanding recorded investment	'	239
Post-modification outstanding recorded investment	'	239
Residential mortgage loans	'	'
Troubled debt restructuring	'	'
Accrual Status	3,452	3,053
Number of Loans	3	2
Nonaccrual Status	880	2,514
Number of Loans	3	4
Total	4,332	5,567
Number of Loans	1	1
Pre-modification outstanding recorded investment	365	179
Post-modification outstanding recorded investment	400	179
Commercial real estate mortgage loan	'	'
Troubled debt restructuring	'	'
Accrual Status	397	397
Number of Loans	1	1
Nonaccrual Status	742	742
Number of Loans	1	1
Total	1,139	1,139
Home Equity	'	'
Troubled debt restructuring	'	'
Accrual Status	1,060	1,060
Number of Loans	2	2
Total	1,060	1,060
Number of Loans	'	1
Pre-modification outstanding recorded investment	'	60
Post-modification outstanding recorded investment	'	$60

Guarantees_Details

Guarantees (Details) (Standby letters of credit, Bank, USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Standby letters of credit | Bank	'
Guarantees	'
Expiration period of letters of credit, maximum	'1 year
Commercial and similar letters of credit	$3.20

Fair_Value_Measurements_and_Fa2

Fair Value Measurements and Fair Value of Financial Instruments (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value Measurements and Fair Value of Financial Instruments	'	'
Securities available for sale	$68,389	$68,048
Significant Other Observable Inputs (Level 2)	'	'
Fair Value Measurements and Fair Value of Financial Instruments	'	'
Securities available for sale	68,389	68,048
Recurring basis | Total	'	'
Fair Value Measurements and Fair Value of Financial Instruments	'	'
Securities available for sale	68,389	68,048
Recurring basis | Total | U.S. Treasury obligations	'	'
Fair Value Measurements and Fair Value of Financial Instruments	'	'
Securities available for sale	6,331	6,319
Recurring basis | Total | Government Sponsored Enterprise Obligations	'	'
Fair Value Measurements and Fair Value of Financial Instruments	'	'
Securities available for sale	62,058	61,729
Recurring basis | Significant Other Observable Inputs (Level 2)	'	'
Fair Value Measurements and Fair Value of Financial Instruments	'	'
Securities available for sale	68,389	68,048
Recurring basis | Significant Other Observable Inputs (Level 2) | U.S. Treasury obligations	'	'
Fair Value Measurements and Fair Value of Financial Instruments	'	'
Securities available for sale	6,331	6,319
Recurring basis | Significant Other Observable Inputs (Level 2) | Government Sponsored Enterprise Obligations	'	'
Fair Value Measurements and Fair Value of Financial Instruments	'	'
Securities available for sale	62,058	61,729
Nonrecurring basis | Total	'	'
Fair Value Measurements and Fair Value of Financial Instruments	'	'
Impaired loans, portion valued at fair value	2,672	2,971
Nonrecurring basis | Significant Unobservable Inputs (Level 3)	'	'
Fair Value Measurements and Fair Value of Financial Instruments	'	'
Impaired loans, portion valued at fair value	$2,672	$2,971

Fair_Value_Measurements_and_Fa3

Fair Value Measurements and Fair Value of Financial Instruments (Details 2) (Nonrecurring basis, Level 3, USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Company utilized Level 3 inputs to determine fair value	'	'
Impaired loans, portion valued at fair value	2,672	2,971
Appraisal of collateral | Minimum	'	'
Additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Company utilized Level 3 inputs to determine fair value	'	'
Appraisal Adjustments (as a percent)	0.00%	0.00%
Liquidation Expenses (as a percent)	0.00%	0.00%
Appraisal of collateral | Maximum	'	'
Additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Company utilized Level 3 inputs to determine fair value	'	'
Appraisal Adjustments (as a percent)	28.10%	28.10%
Liquidation Expenses (as a percent)	41.80%	41.80%
Appraisal of collateral | Weighted average	'	'
Additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Company utilized Level 3 inputs to determine fair value	'	'
Appraisal Adjustments (as a percent)	-16.60%	-15.80%
Liquidation Expenses (as a percent)	-21.20%	-21.20%

Fair_Value_Measurements_and_Fa4

Fair Value Measurements and Fair Value of Financial Instruments (Details 3) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Financial assets:	'	'
Interest bearing time deposits	$1,000	$1,000
Securities available for sale	68,389	68,048
Securities held to maturity	11,121	18,016
Restricted investment in bank stock	792	792
Accrued interest receivable	2,186	1,456
Quoted Prices in Active Markets for Identical Assets (Level 1)	'	'
Financial assets:	'	'
Cash and cash equivalents	28,710	37,741
Financial liabilities:	'	'
Deposits	247,473	229,666
Significant Other Observable Inputs (Level 2)	'	'
Financial assets:	'	'
Interest bearing time deposits	1,000	1,000
Securities available for sale	68,389	68,048
Securities held to maturity	11,121	18,016
Restricted investment in bank stock	792	792
Accrued interest receivable	2,186	1,456
Financial liabilities:	'	'
Deposits	320,776	314,817
Accrued interest payable	616	635
Significant Unobservable Inputs (Level 3)	'	'
Financial assets:	'	'
Net loans	499,413	468,463
Carrying amount	'	'
Financial assets:	'	'
Cash and cash equivalents	28,710	37,741
Interest bearing time deposits	1,000	1,000
Securities available for sale	68,389	68,048
Securities held to maturity	11,125	18,011
Restricted investment in bank stock	792	792
Net loans	496,923	466,351
Accrued interest receivable	2,186	1,456
Financial liabilities:	'	'
Deposits	565,562	553,320
Accrued interest payable	616	635
Estimated Fair Value	'	'
Financial assets:	'	'
Cash and cash equivalents	28,710	37,741
Interest bearing time deposits	1,000	1,000
Securities available for sale	68,389	68,048
Securities held to maturity	11,121	18,016
Restricted investment in bank stock	792	792
Net loans	499,413	468,463
Accrued interest receivable	2,186	1,456
Financial liabilities:	'	'
Deposits	568,249	544,483
Accrued interest payable	$616	$635