Ocean Shore Holding Inactive 10-Q7 Aug 152015 Q2 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2015	Aug. 01, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Entity Registrant Name	Ocean Shore Holding Co.
Entity Central Index Key	1,444,397
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Trading Symbol	OSHC
Entity Common Stock, Shares Outstanding		6,401,260

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and amounts due from depository institutions	$ 8,525	$ 9,023
Interest-earning bank balances	55,328	71,284
Cash and cash equivalents	63,853	80,307
Investment securities held to maturity (estimated fair value$1,028 at June 30, 2015; $1,278 at December 31, 2014)	965	1,201
Investment securities available for sale (amortized cost$116,467 at June 30, 2015; $112,205 at December 31, 2014)	114,599	110,116
Loansnet of allowance for loan losses of $3,392 at June 30, 2015 and $3,760 at December 31, 2014	780,789	774,017
Accrued interest receivable:
Loans	2,407	2,304
Investment securities	30	33
Federal Home Loan Bank stock - at cost	6,089	6,039
Office properties and equipment - net	12,632	12,870
Prepaid expenses and other assets	2,244	3,161
Real estate owned	1,193	650
Cash surrender value of life insurance	24,138	23,828
Net deferred tax asset	4,973	5,062
Goodwill	4,630	4,630
Other intangible assets	489	536
TOTAL ASSETS	1,019,031	1,024,754
LIABILITIES:
Non-interest bearing deposits	191,596	98,417
Interest bearing deposits	588,263	688,661
Advances from Federal Home Loan Bank	110,000	110,000
Junior subordinated debenture	7,217	7,217
Advances from borrowers for taxes and insurance	4,547	4,026
Accrued interest payable	876	879
Other liabilities	9,648	9,743
Total liabilities	$ 912,147	$ 918,943
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Preferred stock, $.01 par value, 5,000,000 shares authorized, none issued	$ 0	$ 0
Common stock, $.01 par value, 25,000,000 shares authorized, 7,307,590 shares issued; _6,257,899 shares outstanding at June 30, 2015; 6,393,344 shares outstanding at December 31, 2014	73	73
Additional paid-in capital	66,242	66,059
Retained earnings - partially restricted	59,748	57,055
Treasury stock - at cost:1,049,691 shares at June 30, 2014; 914,246 shares at December 31, 2014	(14,702)	(12,678)
Common stock acquired by employee benefits plans	(2,468)	(2,639)
Deferred compensation plans trust	(702)	(608)
Accumulated other comprehensive loss	(1,307)	(1,451)
Total stockholders' equity	106,884	105,811
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,019,031	$ 1,024,754

UNAUDITED CONDENSED CONSOLIDAT3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Investment securities held to maturity, estimated fair value (in dollars)	$ 1,028	$ 1,278
Investment securities available for sale, amortized cost (in dollars)	116,467	112,205
Allowance for loan losses (in dollars)	$ 3,392	$ 3,760
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	7,307,590	7,307,590
Common stock, shares outstanding	6,257,899	6,393,344
Treasury stock, shares	1,049,691	914,246

UNAUDITED CONDENSED CONSOLIDAT4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
INTEREST AND DIVIDEND INCOME:
Taxable interest and fees on loans	$ 8,177	$ 8,141	$ 16,349	$ 16,325
Taxable interest on mortgage-backed securities	337	347	695	700
Non-taxable interest on municipal securities	1	1	2	4
Taxable interest and dividends on other investment securities	249	304	505	636
Total interest and dividend income	8,764	8,793	17,551	17,665
INTEREST EXPENSE:
Interest on deposits	617	629	1,230	1,273
Interest on borrowings	1,091	1,279	2,173	2,546
Total interest expense	1,708	1,908	3,403	3,819
NET INTEREST INCOME	7,056	6,885	14,148	13,846
PROVISION FOR LOAN LOSSES	178	50	331	138
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	6,878	6,835	13,817	13,708
OTHER INCOME:
Service charges	503	444	1,011	891
Cash surrender value of life insurance	156	158	310	314
Other	474	484	861	887
Total other income	1,133	1,086	2,182	2,092
OTHER EXPENSE:
Salaries and employee benefits	3,168	3,144	6,467	6,390
Occupancy and equipment	1,248	1,275	2,497	2,562
Federal insurance premiums	141	133	279	270
Advertising	121	99	226	188
Professional services	270	284	548	549
Real estate owned expense	21	79	(46)	92
Charitable contributions	38	38	75	75
Other operating expenses	366	478	768	850
Total other expenses	5,373	5,530	10,814	10,976
INCOME BEFORE INCOME TAXES	2,638	2,391	5,185	4,824
INCOME TAX EXPENSE	899	859	1,733	1,705
NET INCOME	1,739	1,532	3,452	3,119
Other comprehensive income, net of tax:
Unrealized gain (loss) on available for sale securities	(254)	632	133	1,223
Unrealized gain (loss) on post retirement life benefit	6	1	11	1
COMPREHENSIVE INCOME	$ 1,491	$ 2,165	$ 3,596	$ 4,343
Earnings per share, basic: (in dollars per share)	$ 0.29	$ 0.24	$ 0.58	$ 0.49
Earnings per share, diluted: (in dollars per share)	$ 0.29	$ 0.24	$ 0.57	$ 0.48

UNAUDITED CONDENSED CONSOLIDAT5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
OPERATING ACTIVITIES:
Net income	$ 3,452	$ 3,119
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	500	559
Provision for loan losses	331	138
Stock based compensation expense	506	500
Cash surrender value of life insurance	(310)	(314)
Loss on disposal of office property and equipment	1	0
Changes in assets and liabilities which provided (used) cash:
Accrued interest receivable	(100)	30
Prepaid expenses and other assets	917	150
Accrued interest payable	(3)	0
Other liabilities	(83)	713
Net cash provided by operating activities	5,211	4,895
Principal collected on:
Investment securities available for sale	5,756	4,833
Investment securities held to maturity	142	89
Loans originated, net of repayments	(7,988)	(24,927)
Purchases of:
Life insurance contracts	0	0
Loans	0	0
Investment securities held to maturity	(402)	(494)
Investment securities available for sale	(10,111)	0
Federal Home Loan Bank stock	(50)	0
Office properties and equipment	(206)	(445)
Proceeds from sale/ maturities/ calls of:
Federal Home Loan Bank stock	0	(83)
Investment securities held to maturity	494	2,328
Investment securities available for sale	0	4,000
Real estate owned	428	239
Net cash used in investing activities	(11,937)	(14,460)
FINANCING ACTIVITIES:
Increase / decrease in deposits	(7,219)	(9,832)
Dividends paid	(759)	(817)
Exercise of incentive stock options	1,046	35
Purchase of treasury stock	(3,223)	(2,050)
Purchase of shares by deferred compensation plans trust	(94)	(17)
Increase in advances from borrowers for taxes and insurance	521	366
Net cash (used in) provided by financing activities	(9,728)	(12,315)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(16,454)	(21,880)
CASH AND CASH EQUIVALENTS - Beginning of period	80,307	87,619
CASH AND CASH EQUIVALENTS - End of period	63,853	65,739
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION - Cash paid during the period for:
Interest	3,361	3,803
Income Taxes	2,880	1,204
SUPPLEMENTAL DISCLOSURES OF NON-CASH ITEMS
Transfers of loans to real estate owned	$ 972	$ 81

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2015
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - The unaudited condensed consolidated financial statements include the accounts of Ocean Shore Holding Co. (the “Company”) and its subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements were prepared in accordance with instructions to Form 10-Q, pursuant to the rules and regulations of the United States Securities and Exchange Commission (SEC) for interim information, and, therefore, do not include information or footnotes necessary for a complete presentation of financial position, results of operations, changes in stockholders’ equity and cash flows in conformity with accounting principles generally accepted in the United States of America (“GAAP”). However, all normal recurring adjustments that, in the opinion of management, are necessary for a fair presentation of the condensed consolidated financial statements have been included. These financial statements should be read in conjunction with the audited consolidated financial statements and the accompanying notes thereto included in the Company’s Annual Report on Form 10-K for the period ended December 31, 2014. The results for the six months ended June 30, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2015 or any other period. The Company has evaluated subsequent events through the date of the issuance of its financial statements. The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of income and expenses during the reporting period. The most significant estimates and assumptions relate to the allowance for loan losses, other-than-temporary impairment on investment securities, goodwill and intangible impairment, deferred income taxes and the fair value measurements of financial instruments. Actual results could differ from those estimates under different assumptions and conditions, and the differences may be material to the consolidated financial statements. In January 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-04, Receivables Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure a consensus of the FASB Emerging Issues Task Force, on January 17, 2014. In May 2014, the FASB issued ASU 2014-09, which created Accounting Standard Codification (“ASC”) ASC 606 "Revenue from Contracts with Customers," In June 2014, the FASB issued ASU 2014-11, an amendment to ASC 860 “Transfers and Servicing.” In June 2014, the FASB issued ASU 2014-12, an amendment to ASC 718 “Compensation-Stock Compensation.” In August 2014, the FASB issued ASU 2014-14, an amendment to ASC 310-40 “Receivables - Troubled Debt Restructurings by Creditors.” In August 2014, the FASB also issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In January 2015, the FASB issued ASU 2015-01, Income Statement - Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 820): Amendments to the Consolidation Analysis. In April 2015, the FASB issued ASU 2015-03, Interest- Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. In May 2015, the FASB issued ASU 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share (or Its Equivalent)(a consensus of the Emerging Issues Task Force).

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
INVESTMENT SECURITIES	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	2. INVESTMENT SECURITIES June 30, 2015 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gain Loss Value (Dollars in thousands) Held to Maturity Debt Securities Municipal $ 402 $ $ $ 402 U.S. Treasury and government sponsored entity mortgage-backed securities 563 63 626 Totals $ 965 $ 63 $ $ 1,028 Available for Sale Debt securities: Corporate $ 9,628 $ 70 $ (758) $ 8,940 U.S. Treasury and federal agencies 21,225 (286) 20,939 Equity securities 3 28 31 U.S. treasury and government sponsored entity mortgage-backed securities 85,611 325 (1,247) 84,689 Totals $ 116,467 $ 423 $ (2,291) $ 114,599 December 31, 2014 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gain Loss Value (Dollars in thousands) Held to Maturity Debt Securities - Municipal $ 494 $ $ $ 494 U.S. Treasury and government sponsored entity mortgage-backed securities 707 77 784 Totals $ 1,201 $ 77 $ $ 1,278 Available for Sale Debt securities: Corporate $ 9,596 $ 99 $ (856) $ 8,839 U.S. Treasury and federal agencies 21,223 6 (238) 20,991 Equity securities 3 25 28 U.S. Treasury and government sponsored entity mortgage-backed securities 81,383 278 (1,403) 80,258 Totals $ 112,205 $ 408 $ (2,497) $ 110,116 As of June 30, 2015 and December 31, 2014, the Company had investment securities available for sale with an estimated fair value of $ 109.6 105.1 June 30, 2015 Less Than 12 Months 12 Months or Longer Total Gross Gross Gross Estimated Unrealized Estimated Unrealized Estimated Unrealized Fair Value Loss Fair Value Loss Fair Value Loss (Dollars in thousands) Debt securities - Corporate $ $ $ 2,926 $ (758) $ 2,926 $ (758) U.S. Treasury 11,191 (112) 9,715 (174) 20,906 (286) U.S. treasury and government sponsored entity mortgage-backed securities 9,963 (69) 57,088 (1,178) 67,051 (1,247) Equity securities Totals $ 21,154 $ (181) $ 69,729 $ (2,110) $ 90,883 $ (2,291) December 31, 2014 Less Than 12 Months 12 Months or Longer Total Gross Gross Gross Estimated Unrealized Estimated Unrealized Estimated Unrealized Fair Value Loss Fair Value Loss Fair Value Loss (Dollars in thousands) Debt securities - Corporate $ $ $ 2,826 $ (856) $ 2,826 $ (856) U.S. Treasury 4,990 (5) 9,767 (233) 14,757 (238) US treasury and government sponsored entity mortgage-backed securities 10,133 (17) 66,020 (1,386) 76,153 (1,403) Equity securities Totals $ 15,123 $ (22) $ 78,613 $ (2,475) $ 93,736 $ (2,497) Management has reviewed its investment securities as of June 30, 2015 and has determined that all declines in fair value below amortized cost are temporary. Management evaluates securities for other-than-temporary impairment (“OTTI”) at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. The OTTI assessment is a subjective process requiring the use of judgments and assumptions. During the securities-level assessments, consideration is given to (1) the intent not to sell and probability that the Company will not be required to sell the security before recovery of its cost basis to allow for any anticipated recovery in fair value, (2) the financial condition and near-term prospects of the issuer, as well as company news and current events, and (3) the ability to collect the future expected cash flows. Key assumptions utilized to forecast expected cash flows may include loss severity, expected cumulative loss percentage, cumulative loss percentage to date, weighted average FICO and weighted average loan-to-value (“LTV”), rating or scoring, credit ratings and market spreads, as applicable. The Company assesses and recognizes OTTI in accordance with applicable accounting standards. Under these standards, if the Company determines that a security in the unrealized loss position is designated to be sold or it is more likely than not that the Company will be required to sell the security prior to recovery of its amortized cost basis, the impairment of such security is concluded to be other than temporary and the entire amount of the unrealized loss will be recorded in earnings. If the Company has not made a decision to sell the security and it does not expect that it will be required to sell the security prior to the recovery of the amortized cost basis but the Company concludes that the entire amortized cost basis of the security will not be recovered, while the OTTI is concluded to exists, the Company only recognizes currently in earnings the amount of decline in value attributable to credit deterioration, with the remaining component of OTTI presented in other comprehensive income. Corporate Debt Securities - The Company’s investments in the preceding table in corporate debt securities consist of corporate debt securities issued by large financial institutions and single issuer and pooled trust preferred/collateralized debt obligations backed by bank trust preferred capital securities. At June 30, 2015, two single issuer trust preferred securities have been in a continuous unrealized loss position for 12 months or longer with an aggregate depreciation of 20.6 United States Treasury, US Federal Agencies and Government Sponsored Enterprise Mortgage-backed Securities - The Company’s investments in the preceding table in United States government sponsored enterprise notes consist of debt obligations of the Federal Home Loan Bank (“FHLB”), Federal Home Loan Mortgage Corporation (“FHLMC”), and Federal National Mortgage Association (“FNMA”). At June 30, 2015 the Company had fifteen agency and agency mortgage-backed securities with unrealized losses for 12 months or longer. Those securities had aggregate depreciation of 2.0 June 30, 2015 Held to Maturity Available for Sale Securities Amortized Estimated Amortized Estimated Cost Fair Value Cost Fair Value (Dollars in thousands) Due within 1 year $ 402 $ 402 $ 3,978 $ 4,015 Due after 1 year through 5 years 1,999 2,032 Due after 5 years through 10 years 11,191 11,080 Due after 10 years 13,684 12,752 Total $ 402 $ 402 $ 30,852 $ 29,879 Not reflected in the table above, are equity securities and mortgage-backed securities. Equity securities do not have stated contractual maturities while mortgage-backed securities may have expected maturities different than those contractually stated as borrowers may have the right to call or prepay obligations with or without prepayment penalties. Equity securities had a cost of $ 3 31 85.6 84.7

LOANS RECEIVABLE - NET

LOANS RECEIVABLE - NET	6 Months Ended
LOANS RECEIVABLE - NET	Jun. 30, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	3. LOANS RECEIVABLE NET June 30, 2015 December 31, 2014 (Dollars in thousands) Real estate - mortgage: One-to-four family residential $ 593,633 $ 587,399 Commercial and multi-family 88,324 89,778 Total real estate-mortgage 681,957 677,177 Real estate - construction: Residential 18,426 16,030 Commercial 3,933 4,141 Total real estate - construction 22,359 20,171 Commercial 22,740 22,277 Consumer: Home equity 53,137 54,279 Other consumer loans 346 377 Total consumer loans 53,483 54,656 Total loans 780,539 774,281 Net deferred loan cost 3,642 3,496 Allowance for loan losses (3,392) (3,760) Net total loans $ 780,789 $ 774,017 The Bank originates loans to customers primarily in its local market area. The ultimate repayment of these loans is dependent to a certain degree on the local economy and real estate market. The intent of management is to hold loans originated and purchased to maturity. Six months Ended June 30, 2015 2014 (Dollars in thousands) Balance, beginning of period $ 3,760 $ 4,199 Provision for loan loss 331 138 Charge-offs (699) (346) Recoveries 76 Balance, end of period $ 3,392 $ 4,067 The provision for loan losses charged to expense is based upon past loan loss experiences, a series of qualitative factors, and an evaluation of losses in the current loan portfolio, including the specific evaluation of impaired loans. Values assigned to the qualitative factors and those developed from historic loss experience provide a dynamic basis for the calculation of reserve factors for both passrated loans (general pooled allowance) and the criticized and classified loans that continue to perform. June 30, 2015 December 31, 2014 (Dollars in thousands) Real estate One-to-four family residential $ 2,678 $ 3,626 Commercial and multi-family 1,580 803 Real estate construction 143 143 Commercial 501 Consumer 489 502 Non-accrual loans 4,890 5,575 Troubled debt restructuring, non-accrual 1,496 694 Total non-performing loans 6,386 6,269 Real estate owned 1,193 650 Total non-performing assets $ 7,579 $ 6,919 Loans and Debts Securities Acquired with Deteriorated Credit Quality Contractual Receivable Nonaccretable Accretable Carrying Amount (Yield)/Premium (Yield)/Premium Amount (Dollars in thousands) Balance at January 1, 2015 $ 44,216 $ (2,540) $ 542 $ 42,218 Principal reductions (2,856) (2,856) Charge-offs, net (62) 62 Amortization of loan premium (58) (58) Balance at June 30, 2015 $ 41,298 $ (2,478) $ 484 $ 39,304 Balance at January 1, 2014 $ 50,837 $ (3,099) $ 746 $ 48,484 Principal reductions (2,848) (2,848) Charge-offs, net (367) 367 Amortization of loan premium (102) (102) Balance at June 30, 2014 $ 47,622 $ (2,732) $ 644 $ 45,534 An age analysis of past due loans, segregated by class of loans, as of June 30, 2015 and December 31, 2014 are as follows: 30-59 60-89 Greater Total Days Past Days Than Total Past Loans Due Past Due 90 Days Due Current Receivable (Dollars in thousands) June 30, 2015 Real estate 1-4 family residential $ 1,374 $ $ 3,307 $ 4,681 $ 588,952 $ 593,633 Commercial and multi-family 110 1,580 1,690 86,634 88,324 Construction 143 143 22,216 22,359 Commercial 22,740 22,740 Consumer 120 559 679 52,804 53,483 Total $ 1,484 $ 120 $ 5,589 $ 7,193 $ 773,346 $ 780,539 December 31, 2014 Real estate 1-4 family residential $ 2,323 $ $ 4,255 $ 6,578 $ 580,821 $ 587,399 Commercial and multi-family 831 803 1,634 88,144 89,778 Construction 143 143 20,028 20,171 Commercial 501 501 21,776 22,277 Consumer 485 5 567 1,057 53,599 54,656 Total $ 3,639 $ 5 $ 6,269 $ 9,913 $ 764,368 $ 774,281 Unpaid Average Recorded Principal Related Recorded Investment Balance Allowance Investment (Dollars in thousands) June 30, 2015 With no related allowance recorded Real Estate 1-4 Family Residential $ 8,290 $ 8,539 $ $ 237 Commercial and Multi-Family 1,545 1,545 257 Construction 143 143 143 Commercial Consumer 990 990 58 With an allowance recorded Real Estate 1-4 Family Residential 1,567 1,884 623 98 Commercial and Multi-Family 285 310 23 285 Construction Commercial 190 190 4 190 Consumer 70 181 34 35 Total Real Estate 1-4 Family Residential $ 9,857 $ 10,423 $ 623 $ 193 Commercial and Multi-Family 1,830 1,855 23 261 Construction 143 143 144 Commercial 190 190 4 190 Consumer 1,060 1,171 34 56 December 31, 2014 With no related allowance recorded Real Estate 1-4 Family Residential $ 4,585 $ 4,622 $ $ 139 Commercial and Multi-Family 1,324 1,324 265 Construction 143 143 143 Commercial Consumer 970 970 57 With an allowance recorded Real Estate 1-4 Family Residential 5,787 6,138 721 340 Commercial and Multi-Family Commercial Consumer 702 702 254 351 Total 181 181 55 90 Real Estate 1-4 Family Residential $ 10,372 $ 10,760 $ 721 $ 207 Commercial and Multi-Family 1,324 1,324 265 Construction 143 143 143 Commercial 702 702 254 351 Consumer 1,151 1,151 55 61 Included in the Company’s loan portfolio are modified commercial loans. Per FASB ASC 310-40, Troubled Debt Restructuring (“TDR”), 4.5 1.5 557 As of June 30, 2015 As of December 31, 2014 Outstanding Recorded Investment Outstanding Recorded Investment Number of Pre- Post- Number of Pre- Post- Contracts Modification Modification Contracts Modification Modification (Dollars in thousands) (Dollars in thousands) 1-4 Family Residential 10 $ 3,747 $ 3,747 8 $ 3,335 $ 3,335 Commercial Mortgage 2 250 250 Consumer 5 269 269 4 287 287 Commercial 1 190 190 1 201 201 Total 18 $ 4,456 $ 4,456 13 $ 3,823 $ 3,823 Federal regulations require us to review and classify our assets on a regular basis. In addition, federal banking regulators have the authority to identify problem assets and, if appropriate, require them to be classified. There are three classifications for problem assets: substandard, doubtful and loss. “Substandard assets” must have one or more defined weaknesses and are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected. “Doubtful assets” have the weaknesses of substandard assets with the additional characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions and values questionable, and there is a high possibility of loss. An asset classified as “loss” is considered uncollectible and of such little value that continuance as an asset of the institution is not warranted. The regulations also provide for a “special mention” category, described as assets which do not currently expose us to a sufficient degree of risk to warrant classification but do possess credit deficiencies or potential weaknesses deserving our close attention. When we classify an asset as substandard or doubtful we establish a specific allowance for loan losses. If we classify an asset as loss, we charge off an amount equal to 100% of the portion of the asset classified loss. The following table presents classified loans by class of loans as of June 30, 2015 and December 31, 2014. Real Estate 1-4 Family Commercial Residential and Multi-Family Construction Commercial Consumer 6/30/2015 12/31/2014 6/30/2015 12/31/2014 6/30/2015 12/31/2014 6/30/2015 12/31/2014 6/30/2015 12/31/2014 (Dollars in thousands) Grade: Special Mention $ 3,621 $ 3,948 $ 555 $ 572 $ $ $ 12 $ 444 $ 807 $ 915 Substandard 7,475 9,370 4,156 4,010 143 143 480 659 1,122 1,189 Doubtful and Loss 14 Total $ 11,096 $ 13,318 $ 4,711 $ 4,582 $ 143 $ 143 $ 492 $ 1,103 $ 1,929 $ 2,118 Real Estate 1-4 Family Commercial Residential and Multi-Family Construction Commercial Consumer 6/30/2015 12/31/2014 6/30/2015 12/31/2014 6/30/2015 12/31/2014 6/30/2015 12/31/2014 6/30/2015 12/31/2014 (Dollars in thousands) Performing $ 589,779 $ 583,773 $ 86,494 $ 88,975 $ 22,216 $ 20,028 $ 22,740 $ 21,776 $ 52,924 $ 54,154 Non-Performing(1) 3,854 3,626 1,830 803 143 143 501 559 502 Total $ 593,633 $ 587,399 $ 88,324 $ 89,778 $ 22,359 $ 20,171 $ 22,740 $ 22,277 $ 53,483 $ 54,656 (1) 6/30/2015 data includes non-performing TDR loans Real Estate Commercial 1-4 Family and Residential Multi-Family Construction Commercial Consumer Total (Dollars in thousands) June 30, 2015 Allowance for credit losses: Beginning Balance $ 2,318 $ 625 $ 33 $ 380 $ 404 $ 3,760 Charge-offs (221) (24) (306) (148) (699) Recoveries Provision for loan losses 117 (299) 1 276 236 331 Ending balance $ 2,214 $ 302 $ 34 $ 350 $ 492 $ 3,392 Ending balance: individually evaluated for impairment $ 623 $ 23 $ $ 4 $ 34 $ 684 Ending balance: collectively evaluated for impairment $ 1,591 $ 279 $ 34 $ 346 $ 458 $ 2,708 Loan Receivables: Ending balance $ 593,633 $ 88,324 $ 22,359 $ 22,740 $ 53,483 $ 780,539 Ending balance: individually evaluated for impairment $ 9,857 $ 1,830 $ 143 $ 190 $ 1,060 $ 13,080 Ending balance: collectively evaluated for impairment 10 $ 583,776 $ 86,494 $ 22,216 $ 22,550 $ 52,423 $ 767,459 December 31, 2014 Allowance for credit losses: Beginning Balance $ 2,981 $ 551 $ 85 $ 230 $ 352 $ 4,199 Charge-offs (538) (439) (977) Recoveries 1 75 76 Provision for loan losses (126) 74 (52) 75 491 462 Ending balance $ 2,318 $ 625 $ 33 $ 380 $ 404 $ 3,760 Ending balance: individually evaluated for impairment $ 721 $ $ $ 254 $ 55 $ 1,030 Ending balance: collectively evaluated for impairment $ 1,597 $ 625 $ 33 $ 126 $ 349 $ 2,730 Loan Receivables: Ending balance $ 587,399 $ 89,778 $ 20,171 $ 22,277 $ 54,656 $ 774,281 Ending balance: individually evaluated for impairment $ 10,372 $ 1,324 $ 143 $ 702 $ 1,151 $ 13,692 Ending balance: collectively evaluated for impairment $ 577,027 $ 88,454 $ 20,028 $ 21,575 $ 53,505 $ 760,589

DEPOSITS

DEPOSITS	6 Months Ended
DEPOSITS	Jun. 30, 2015
Banking and Thrift [Abstract]
Deposit Liabilities Disclosures [Text Block]	4. DEPOSITS June 30, 2015 December 31, 2014 Weighted Weighted Average Average Amount Interest Rate Amount Interest Rate (Dollars in thousands) NOW and other demand deposit accounts $ 429,535 0.12 % $ 439,623 0.13 % Passbook savings and club accounts 172,183 0.20 % 168,686 0.20 % Subtotal 601,718 608,309 Certificates with original maturities: Within one year 35,675 0.29 % 42,821 0.29 % One to three years 119,582 0.92 % 113,927 0.92 % Three years and beyond 22,884 1.64 % 22,021 1.73 % Total certificates 178,141 178,769 Total $ 779,859 $ 787,078 The aggregate amount of certificate accounts in denominations of $100 thousand or more at June 30, 2015 and December 31, 2014 amounted to $ 64.5 62.8 250 Municipal demand deposit accounts in denominations of $100 thousand or more at June 30, 2015 and December 31, 2014 amounted to $ 159.5 181.0

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
EARNINGS PER SHARE	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	EARNINGS PER SHARE Basic net income per share is based upon the weighted average number of common shares outstanding, net of any treasury shares, while diluted net income per share is based upon the weighted average number of common shares outstanding, net of any treasury shares, after consideration of the potential dilutive effect of common stock equivalents, based upon the treasury stock method using an average market price for the period, and impact of unallocated Employee Stock Ownership Plan (“ESOP”) shares. Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (Dollars in thousands, except per share data) Numerator Net Income $ 1,739 $ 1,532 $ 3,452 $ 3,119 Denominators: Basic average shares outstanding 5,920,475 6,361,499 5,952,732 6,386,799 Effect of dilutive common stock equivalents 115,532 133,538 110,134 120,699 Diluted average shares outstanding 6,036,007 6,495,037 6,062,866 6,507,498 Earnings per share: Basic $ 0.29 $ 0.24 $ 0.58 $ 0.49 Diluted $ 0.29 $ 0.24 $ 0.57 $ 0.48 At June 30, 2015 and 2014, there were 469,360 597,705 53,960 82,300

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
STOCK-BASED COMPENSATION	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	6. STOCK-BASED COMPENSATION Stock-based compensation is accounted for in accordance with FASB ASC 718, Compensation Stock Compensation Equity-Based Payments to Non-Employees, The Company’s 2005 and 2010 Equity-Based Incentive Plans (the “Equity Plans”) authorize the issuance of shares of common stock pursuant to awards that may be granted in the form of stock options to purchase common stock (“options”) and awards of shares of common stock (“stock awards”). The purpose of the Equity Plans is to attract and retain personnel for positions of substantial responsibility and to provide additional incentive to certain officers, directors, advisory directors, employees and other persons to promote the success of the Company. Under the Equity Plans, options expire ten years after the date of grant, unless terminated earlier under the option terms. A committee of non-employee directors has the authority to determine the conditions upon which the options granted will vest. Options are granted at the then fair market value of the Company’s stock. Six Months Ended Six Months Ended June 30, 2015 June 30, 2014 Weighted Weighted average average Number exercise Number exercise of shares price of shares price Outstanding at the beginning of the period 674,391 $ 12.15 680,200 $ 12.14 Granted Exercised 119,511 13.04 3,071 11.27 Forfeited 1,000 10.21 Outstanding at the end of the period 553,880 $ 11.96 677,129 $ 12.15 Exercisable at the end of the period 425,537 $ 11.85 472,223 $ 12.24 Stock options vested or expected to vest (1) 382,983 $ 11.85 425,001 $ 12.24 (1) Includes vested shares and non-vested shares after a forfeiture rate, which is based upon historical data, is applied. Options Outstanding Weighted Average Number of Weighted Average Remaining Date Issued Shares Exercise Price Contractual Life August 10, 2005 161,982 $ 13.19 0.1 years November 21, 2006 14,509 $ 14.78 1.4 years November 20, 2007 17,282 $ 11.32 2.4 years August 18, 2010 214,179 $ 10.21 5.1 years March 15, 2011 13,600 $ 12.06 5.7 years August 17, 2011 49,138 $ 11.53 6.1 years November 19, 2012 17,100 $ 13.10 7.4 years November 19, 2013 66,090 $ 14.14 8.4 years Total 553,880 4.0 years The compensation expense recognized for the three and six months ended June 30, 2015 was $ 46 92 46 92 At June 30, 2015, there was $ 336 2.1 Six Months ended Six Months ended June 30, 2015 June 30, 2014 Weighted avg Weighted avg Number of grant date fair Number of grant date fair shares value shares value Beginning of period 54,950 $ 10.74 83,290 $ 10.99 Issued Forfeited Vested 990 $ 12.06 990 $ 12.06 Outstanding at June 30, 2014 53,960 $ 12.73 82,300 $ 12.29 The compensation expense recognized for the three and six months ended June 30, 2015 was $ 81 162 81 162 As of June 30, 2015, there was $ 428 2.9

INCOME TAXES

INCOME TAXES	6 Months Ended
INCOME TAXES	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	7. INCOME TAXES Income tax expense was $ 1.7 33.4 1.7 35.3 Periodic reviews of the carrying amount of deferred tax assets are made to determine if the establishment of a valuation allowance is necessary. If based on the available evidence in future periods, it is more likely than not that all or a portion of the Company’s deferred tax assets will not be realized, a deferred tax valuation allowance would be established. Consideration is given to all positive and negative evidence related to the realization of the deferred tax assets. Items considered in this evaluation include historical financial performance, expectation of future earnings, the ability to carry back losses to recoup taxes previously paid, length of statutory carryforward periods, experience with operating loss and tax credit carryforwards not expiring unused, tax planning strategies and timing of reversals of temporary differences. Significant judgment is required in assessing future earnings trends and the timing of reversals of temporary differences. The evaluation is based on current tax laws as well as expectations of future performance. At June 30, 2015 and December 31, 2014, no valuation allowance has been recorded for any portfolio of the outstanding deferred tax asset. The Company recognizes, when applicable, interest and penalties related to unrecognized tax benefits in the provision for income taxes in the consolidated income statement. As of June 30, 2015, the tax years ended December 31, 2011 through 2014 were subject to examination by the Internal Revenue Service, while the tax year ended December 31, 2014 was subject to New Jersey examination.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
STOCKHOLDERS' EQUITY	Jun. 30, 2015
Equity [Abstract]
Stockholders Equity Note Disclosure [Text Block]	8. STOCKHOLDERS’ EQUITY During the second quarter of 2015, the Board of Directors of the Company declared a cash dividend of $ 0.06 On March 3, 2015, the Company announced that its Board of Directors authorized a stock repurchase program under which the Company will repurchase up to 130,000 2 16,400 The Company repurchased a total of 49,200 14.91 No reclassification adjustments were recognized in Accumulated Other Comprehensive Income during the six months ended June 30, 2015 and 2014. Unrealized Accumulated Gain (Loss) on Loss on Post Other Available for Retirement Comprehensive Sale Securities Life Benefit Income (Dollars in thousands) Beginning balance - 01/01/2015 $ (1,282) $ (169) $ (1,451) Current period change 222 11 233 Tax benefit (89) - (89) Ending balance 06/30/2015 $ (1,149) $ (158) $ (1,307) Unrealized Loss on Post Accumulated (Dollars in thousands) Beginning balance - 01/01/2014 $ (2,657) $ (10) $ (2,667) Current period change 2,035 1 2,036 Tax benefit (812) - (812) Ending balance 06/30/2014 $ (1,434) $ (9) $ (1,443)

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
FAIR VALUE MEASUREMENTS	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	9. FAIR VALUE MEASUREMENTS The Company accounts for fair value measurement in accordance with FASB ASC 820, Fair Value Measurements and Disclosures FASB ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 - Quoted prices in active markets for identical assets or liabilities. Level 2 - Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. In addition, the Company is to disclose the fair value measurements for financial assets on both a recurring and non-recurring basis. Category Used for Fair Value Measurement June 30, 2015 Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Securities available for sale: U.S. government sponsored entity mortgage-backed securities $ $ 84,689 $ U.S. Treasury and federal agencies 20,939 State and municipal obligations Corporate securities 8,940 Equity securities 31 Totals $ 31 $ 114,568 $ Category Used for Fair Value Measurement December 31, 2014 Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Securities available for sale: U.S. government sponsored entity mortgage-backed securities $ $ 80,258 $ U.S. Treasury and federal agencies 20,991 State and municipal obligations Corporate securities 8,839 Equity securities 28 Totals $ 28 $ 110,088 $ In accordance with the fair value measurement and disclosures topic of the FASB Accounting Standards Codification management assessed whether the volume and level of activity for certain assets have significantly decreased when compared with normal market conditions. The Company concluded that there was not a significant decrease in the volume and level of activity with respect to certain investments included in the corporate debt securities and classified as level 2 in accordance with the framework for fair value measurements. Fair value for such securities is obtained from third party broker quotes. The Company evaluated these values to determine that the quoted price is based on current information that reflects orderly transactions or a valuation technique that reflects market participant assumptions by benchmarking the valuation results and assumptions used against similar securities that are more actively traded in order to assess the reasonableness of the estimated fair values. The fair market value estimates we assign to these securities assume liquidation in an orderly fashion and not under distressed circumstances. Certain assets are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). The Company measures impaired loans, FHLB stock and loans or bank properties transferred into other real estate owned at fair value on a non-recurring basis. Summary of Non-Recurring Fair Value Measurements Category Used for Fair Value Measurement Total Six Month (Losses) Period Ended Total Level 1 Level 2 Level 3 Gains (Dollars in thousands) June 30, 2015 Assets: Impaired loans $ 3,854 $ - $ 1,756 $ 2,098 $ (39) Real estate owned 780 - 780 - (365) June 30, 2014 Assets: Impaired loans $ 5,733 $ - $ 3,581 $ 2,152 $ (596) Real estate owned 81 - 81 - (36) Impaired Loans The Company considers a loan to be impaired when it becomes probable that the Company will be unable to collect all amounts due in accordance with the contractual terms of the loan agreement. Under FASB ASC 310, collateral dependent impaired loans are valued based on the fair value of the collateral, which is based on appraisals, less cost to sell. These adjustments are based upon observable inputs, and therefore, the fair value measurement has been categorized as a level 2 measurement. In some cases, adjustments are made to the appraised values for various factors, including age of the appraisal, age of the comparables included in the appraisal, and known changes in the market and in the collateral. These adjustments are based upon unobservable inputs, and therefore, the fair value measurement has been categorized as a Level 3 measurement. At June 30, 2015, total loans remeasured at fair value were $ 4.0 4.0 39 5.7 6.3 596 Real Estate Owned Once an asset is determined to be uncollectible, the underlying collateral is repossessed and reclassified to foreclosed real estate and repossessed assets. These assets are carried at lower of cost or fair value of the collateral, less cost to sell. These adjustments are based upon observable inputs, and therefore, the fair value measurement has been categorized as a Level 2 measurement. In some cases, adjustments are made to the appraised values for various factors, including age of the appraisal, age of the comparables included in the appraisal, and known changes in the market and in the collateral. These adjustments are based upon unobservable inputs, and therefore, the fair value measurement has been categorized as a Level 3 measurement. Total real estate owned remeasured at fair value for the six months ended June 30, 2015 was $ 972 192 1.1 365 81 117 36 Fair Value of Financial Instruments In accordance with FASB ASC 825-10-50-10, the Company is required to disclose the fair value of financial instruments. The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a distressed sale. Fair value is best determined using observable market prices; however, for many of the Company’s financial instruments, no quoted market prices are readily available. In instances where quoted market prices are not readily available, fair value is determined using present value or other techniques appropriate for the particular instrument. These techniques involve some degree of judgment and, as a result, are not necessarily indicative of the amounts the Company would realize in a current market exchange. Different assumptions or estimation techniques may have a material effect on the estimated fair value. Category Used For Fair Value June 30, 2015 Carrying Amount Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Cash and cash equivalents $ 63,853 $ 63,853 $ $ Investment securities: Held to maturity 965 1,028 Available for sale 114,599 31 114,568 Loans receivable, net 780,789 790,149 Federal Home Loan Bank stock 6,089 6,089 Liabilities: NOW and other demand deposit accounts 429,535 441,100 Passbook savings and club accounts 172,183 179,254 Certificates 178,141 178,572 Advances from Federal Home Loan Bank 110,000 117,492 Junior subordinated debenture 7,217 6,928 Category Used For Fair Value December 31, 2014 Carrying Amount Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Cash and cash equivalents $ 80,307 $ 80,307 $ $ Investment securities: Held to maturity 1,201 1,278 Available for sale 110,116 28 110,088 Loans receivable, net 774,017 791,095 Federal Home Loan Bank stock 6,039 6,039 Liabilities: NOW and other demand deposit accounts 439,623 458,328 Passbook savings and club accounts 168,686 168,893 Certificates 178,769 179,224 Advances from Federal Home Loan Bank 110,000 118,777 Junior subordinated debenture 7,217 7,217 Cash and Cash Equivalents For cash and cash equivalents, the carrying amount is a reasonable estimate of fair value. Investment and Mortgage-Backed Securities For investment securities, fair values are based on a combination of quoted prices for identical assets in active markets, quoted prices for similar assets in markets that are either actively or not actively traded and pricing models, discounted cash flow methodologies, or similar techniques that may contain unobservable inputs that are supported by little or no market activity and require significant judgment. For investment securities that do not actively trade in the marketplace, (primarily our investment in trust preferred securities of non-publicly traded companies) fair value is obtained from third party broker quotes. The Company evaluates prices from a third party pricing service, third party broker quotes, and from another independent third party valuation source to determine their estimated fair value. These quotes are benchmarked against similar securities that are more actively traded in order to assess the reasonableness of the estimated fair values. The fair market value estimates we assign to these securities assume liquidation in an orderly fashion and not under distressed circumstances. For securities classified as available for sale, the changes in fair value are reflected in the carrying value of the asset and are shown as a separate component of stockholders’ equity. Loans Receivable - Net The fair value of loans receivable is estimated based on the present value using discounted cash flows based on estimated market discount rates at which similar loans would be made to borrowers and reflect similar credit ratings and interest rate risk for the same remaining maturities. FHLB Stock Although FHLB stock is an equity interest in an FHLB, it is carried at cost because it does not have a readily determinable fair value as its ownership is restricted and it lacks a market. While certain conditions are noted that required management to evaluate the stock for impairment, it is currently probable that the Company will realize its cost basis. Management concluded that no impairment existed as of June 30, 2015. The estimated fair value approximates the carrying amount. NOW and Other Demand Deposit, Passbook Savings and Club, and Certificates Accounts The fair value of NOW and other demand deposit accounts and passbook savings and club accounts is the amount payable on demand at the reporting date. The fair value of certificates is estimated by discounting future cash flows using interest rates currently offered on certificates with similar remaining maturities. Advances from FHLB The fair value was estimated by determining the cost or benefit for early termination of each individual borrowing. Junior Subordinated Debenture The fair value was estimated by discounting approximate cash flows of the borrowings by yields estimating the fair value of similar issues. Commitments to Extend Credit and Letters of Credit The majority of the Bank’s commitments to extend credit and letters of credit carry current market interest rates if converted to loans. Because commitments to extend credit and letters of credit are generally unassignable by either the Bank or the borrower, they only have value to the Bank and the borrower. The estimated fair value approximates the recorded deferred fee amounts, which are not significant. The fair value estimates presented herein are based on pertinent information available to management as of June 30, 2015 and December 31, 2014. Although management is not aware

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	6 Months Ended
GOODWILL AND INTANGIBLE ASSETS	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	GOODWILL AND INTANGIBLE ASSETS Goodwill totaled $ 4.6 4.6 The core deposit intangible totaled $ 488 536 15

REAL ESTATE OWNED

REAL ESTATE OWNED	6 Months Ended
REAL ESTATE OWNED	Jun. 30, 2015
Real Estate [Abstract]
Real Estate Disclosure [Text Block]	REAL ESTATE OWNED 2015 2014 Residential Commercial Residential Commercial Property Property Total Property Property Total (Dollars in thousands) (Dollars in thousands) Balance, January 1, $ 609 $ 41 $ 650 $ 295 $ 203 $ 498 Transfers into Real Estate Owned 777 195 972 81 - 81 Sales of Real Estate Owned (429) - (429) (78) (161) (239) Balance, June 30, $ 957 $ 236 $ 1,193 $ 298 $ 42 $ 340

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	12. SUBSEQUENT EVENTS On July 27, 2015, the Company announced the redemption of the remaining $ 7 8.67 August 26, 2015 91,070

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2015
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Financial Statement Presentation - The unaudited condensed consolidated financial statements include the accounts of Ocean Shore Holding Co. (the “Company”) and its subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements were prepared in accordance with instructions to Form 10-Q, pursuant to the rules and regulations of the United States Securities and Exchange Commission (SEC) for interim information, and, therefore, do not include information or footnotes necessary for a complete presentation of financial position, results of operations, changes in stockholders’ equity and cash flows in conformity with accounting principles generally accepted in the United States of America (“GAAP”). However, all normal recurring adjustments that, in the opinion of management, are necessary for a fair presentation of the condensed consolidated financial statements have been included. These financial statements should be read in conjunction with the audited consolidated financial statements and the accompanying notes thereto included in the Company’s Annual Report on Form 10-K for the period ended December 31, 2014. The results for the six months ended June 30, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2015 or any other period. The Company has evaluated subsequent events through the date of the issuance of its financial statements.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates in the Preparation of Financial Statements The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of income and expenses during the reporting period. The most significant estimates and assumptions relate to the allowance for loan losses, other-than-temporary impairment on investment securities, goodwill and intangible impairment, deferred income taxes and the fair value measurements of financial instruments. Actual results could differ from those estimates under different assumptions and conditions, and the differences may be material to the consolidated financial statements.
New Accounting Pronouncements Policy [Policy Text Block]	New Accounting Pronouncements In January 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-04, Receivables Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure a consensus of the FASB Emerging Issues Task Force, on January 17, 2014. In May 2014, the FASB issued ASU 2014-09, which created Accounting Standard Codification (“ASC”) ASC 606 "Revenue from Contracts with Customers," In June 2014, the FASB issued ASU 2014-11, an amendment to ASC 860 “Transfers and Servicing.” In June 2014, the FASB issued ASU 2014-12, an amendment to ASC 718 “Compensation-Stock Compensation.” In August 2014, the FASB issued ASU 2014-14, an amendment to ASC 310-40 “Receivables - Troubled Debt Restructurings by Creditors.” In August 2014, the FASB also issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In January 2015, the FASB issued ASU 2015-01, Income Statement - Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 820): Amendments to the Consolidation Analysis. In April 2015, the FASB issued ASU 2015-03, Interest- Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. In May 2015, the FASB issued ASU 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share (or Its Equivalent)(a consensus of the Emerging Issues Task Force).

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
INVESTMENT SECURITIES (Tables)	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of Held-to-maturity and Available-for-sale Securities Reconciliation [Table Text Block]	Investment securities are summarized as follows: June 30, 2015 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gain Loss Value (Dollars in thousands) Held to Maturity Debt Securities Municipal $ 402 $ $ $ 402 U.S. Treasury and government sponsored entity mortgage-backed securities 563 63 626 Totals $ 965 $ 63 $ $ 1,028 Available for Sale Debt securities: Corporate $ 9,628 $ 70 $ (758) $ 8,940 U.S. Treasury and federal agencies 21,225 (286) 20,939 Equity securities 3 28 31 U.S. treasury and government sponsored entity mortgage-backed securities 85,611 325 (1,247) 84,689 Totals $ 116,467 $ 423 $ (2,291) $ 114,599 December 31, 2014 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gain Loss Value (Dollars in thousands) Held to Maturity Debt Securities - Municipal $ 494 $ $ $ 494 U.S. Treasury and government sponsored entity mortgage-backed securities 707 77 784 Totals $ 1,201 $ 77 $ $ 1,278 Available for Sale Debt securities: Corporate $ 9,596 $ 99 $ (856) $ 8,839 U.S. Treasury and federal agencies 21,223 6 (238) 20,991 Equity securities 3 25 28 U.S. Treasury and government sponsored entity mortgage-backed securities 81,383 278 (1,403) 80,258 Totals $ 112,205 $ 408 $ (2,497) $ 110,116
Unrealized Gain (Loss) on Investments [Table Text Block]	The following table provides the gross unrealized losses and fair value, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position at June 30, 2015 and December 31, 2014: June 30, 2015 Less Than 12 Months 12 Months or Longer Total Gross Gross Gross Estimated Unrealized Estimated Unrealized Estimated Unrealized Fair Value Loss Fair Value Loss Fair Value Loss (Dollars in thousands) Debt securities - Corporate $ $ $ 2,926 $ (758) $ 2,926 $ (758) U.S. Treasury 11,191 (112) 9,715 (174) 20,906 (286) U.S. treasury and government sponsored entity mortgage-backed securities 9,963 (69) 57,088 (1,178) 67,051 (1,247) Equity securities Totals $ 21,154 $ (181) $ 69,729 $ (2,110) $ 90,883 $ (2,291) December 31, 2014 Less Than 12 Months 12 Months or Longer Total Gross Gross Gross Estimated Unrealized Estimated Unrealized Estimated Unrealized Fair Value Loss Fair Value Loss Fair Value Loss (Dollars in thousands) Debt securities - Corporate $ $ $ 2,826 $ (856) $ 2,826 $ (856) U.S. Treasury 4,990 (5) 9,767 (233) 14,757 (238) US treasury and government sponsored entity mortgage-backed securities 10,133 (17) 66,020 (1,386) 76,153 (1,403) Equity securities Totals $ 15,123 $ (22) $ 78,613 $ (2,475) $ 93,736 $ (2,497)
Schedule of Contractual Maturities of Available-for-sale Debt Securities [Table Text Block]	The amortized cost and estimated fair value of debt securities available for sale and held to maturity at June 30, 2015 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. June 30, 2015 Held to Maturity Available for Sale Securities Amortized Estimated Amortized Estimated Cost Fair Value Cost Fair Value (Dollars in thousands) Due within 1 year $ 402 $ 402 $ 3,978 $ 4,015 Due after 1 year through 5 years 1,999 2,032 Due after 5 years through 10 years 11,191 11,080 Due after 10 years 13,684 12,752 Total $ 402 $ 402 $ 30,852 $ 29,879

LOANS RECEIVABLE - NET (Tables)

LOANS RECEIVABLE - NET (Tables)	6 Months Ended
LOANS RECEIVABLE - NET (Tables)	Jun. 30, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Loans receivable consist of the following: June 30, 2015 December 31, 2014 (Dollars in thousands) Real estate - mortgage: One-to-four family residential $ 593,633 $ 587,399 Commercial and multi-family 88,324 89,778 Total real estate-mortgage 681,957 677,177 Real estate - construction: Residential 18,426 16,030 Commercial 3,933 4,141 Total real estate - construction 22,359 20,171 Commercial 22,740 22,277 Consumer: Home equity 53,137 54,279 Other consumer loans 346 377 Total consumer loans 53,483 54,656 Total loans 780,539 774,281 Net deferred loan cost 3,642 3,496 Allowance for loan losses (3,392) (3,760) Net total loans $ 780,789 $ 774,017
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Changes in the allowance for loan losses are as follows: Six months Ended June 30, 2015 2014 (Dollars in thousands) Balance, beginning of period $ 3,760 $ 4,199 Provision for loan loss 331 138 Charge-offs (699) (346) Recoveries 76 Balance, end of period $ 3,392 $ 4,067
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	Non-performing assets segregated by class of loans are as follows: June 30, 2015 December 31, 2014 (Dollars in thousands) Real estate One-to-four family residential $ 2,678 $ 3,626 Commercial and multi-family 1,580 803 Real estate construction 143 143 Commercial 501 Consumer 489 502 Non-accrual loans 4,890 5,575 Troubled debt restructuring, non-accrual 1,496 694 Total non-performing loans 6,386 6,269 Real estate owned 1,193 650 Total non-performing assets $ 7,579 $ 6,919
Schedule of Nonaccretable and Accretable Yield on Loans and Debts Securities [Table Text Block]	A rollforward of the Company’s nonaccretable and accretable yield on loans accounted for under ASU 310-30, Loans and Debts Securities Acquired with Deteriorated Credit Quality Contractual Receivable Nonaccretable Accretable Carrying Amount (Yield)/Premium (Yield)/Premium Amount (Dollars in thousands) Balance at January 1, 2015 $ 44,216 $ (2,540) $ 542 $ 42,218 Principal reductions (2,856) (2,856) Charge-offs, net (62) 62 Amortization of loan premium (58) (58) Balance at June 30, 2015 $ 41,298 $ (2,478) $ 484 $ 39,304 Balance at January 1, 2014 $ 50,837 $ (3,099) $ 746 $ 48,484 Principal reductions (2,848) (2,848) Charge-offs, net (367) 367 Amortization of loan premium (102) (102) Balance at June 30, 2014 $ 47,622 $ (2,732) $ 644 $ 45,534
Past Due Financing Receivables [Table Text Block]	30-59 60-89 Greater Total Days Past Days Than Total Past Loans Due Past Due 90 Days Due Current Receivable (Dollars in thousands) June 30, 2015 Real estate 1-4 family residential $ 1,374 $ $ 3,307 $ 4,681 $ 588,952 $ 593,633 Commercial and multi-family 110 1,580 1,690 86,634 88,324 Construction 143 143 22,216 22,359 Commercial 22,740 22,740 Consumer 120 559 679 52,804 53,483 Total $ 1,484 $ 120 $ 5,589 $ 7,193 $ 773,346 $ 780,539 December 31, 2014 Real estate 1-4 family residential $ 2,323 $ $ 4,255 $ 6,578 $ 580,821 $ 587,399 Commercial and multi-family 831 803 1,634 88,144 89,778 Construction 143 143 20,028 20,171 Commercial 501 501 21,776 22,277 Consumer 485 5 567 1,057 53,599 54,656 Total $ 3,639 $ 5 $ 6,269 $ 9,913 $ 764,368 $ 774,281
Impaired Financing Receivables [Table Text Block]	Impaired loans are set forth the in the following table. No interest income was recognized on impaired loans subsequent to their classification as impaired. Unpaid Average Recorded Principal Related Recorded Investment Balance Allowance Investment (Dollars in thousands) June 30, 2015 With no related allowance recorded Real Estate 1-4 Family Residential $ 8,290 $ 8,539 $ $ 237 Commercial and Multi-Family 1,545 1,545 257 Construction 143 143 143 Commercial Consumer 990 990 58 With an allowance recorded Real Estate 1-4 Family Residential 1,567 1,884 623 98 Commercial and Multi-Family 285 310 23 285 Construction Commercial 190 190 4 190 Consumer 70 181 34 35 Total Real Estate 1-4 Family Residential $ 9,857 $ 10,423 $ 623 $ 193 Commercial and Multi-Family 1,830 1,855 23 261 Construction 143 143 144 Commercial 190 190 4 190 Consumer 1,060 1,171 34 56 December 31, 2014 With no related allowance recorded Real Estate 1-4 Family Residential $ 4,585 $ 4,622 $ $ 139 Commercial and Multi-Family 1,324 1,324 265 Construction 143 143 143 Commercial Consumer 970 970 57 With an allowance recorded Real Estate 1-4 Family Residential 5,787 6,138 721 340 Commercial and Multi-Family Commercial Consumer 702 702 254 351 Total 181 181 55 90 Real Estate 1-4 Family Residential $ 10,372 $ 10,760 $ 721 $ 207 Commercial and Multi-Family 1,324 1,324 265 Construction 143 143 143 Commercial 702 702 254 351 Consumer 1,151 1,151 55 61
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	The following table presents an analysis of the Company’s TDR agreements existing as of June 30, 2015 and December 31, 2014, respectively. As of June 30, 2015 As of December 31, 2014 Outstanding Recorded Investment Outstanding Recorded Investment Number of Pre- Post- Number of Pre- Post- Contracts Modification Modification Contracts Modification Modification (Dollars in thousands) (Dollars in thousands) 1-4 Family Residential 10 $ 3,747 $ 3,747 8 $ 3,335 $ 3,335 Commercial Mortgage 2 250 250 Consumer 5 269 269 4 287 287 Commercial 1 190 190 1 201 201 Total 18 $ 4,456 $ 4,456 13 $ 3,823 $ 3,823
Schedule of Financial Receivable, Reported Amounts, by Category [Table Text Block]	Real Estate 1-4 Family Commercial Residential and Multi-Family Construction Commercial Consumer 6/30/2015 12/31/2014 6/30/2015 12/31/2014 6/30/2015 12/31/2014 6/30/2015 12/31/2014 6/30/2015 12/31/2014 (Dollars in thousands) Grade: Special Mention $ 3,621 $ 3,948 $ 555 $ 572 $ $ $ 12 $ 444 $ 807 $ 915 Substandard 7,475 9,370 4,156 4,010 143 143 480 659 1,122 1,189 Doubtful and Loss 14 Total $ 11,096 $ 13,318 $ 4,711 $ 4,582 $ 143 $ 143 $ 492 $ 1,103 $ 1,929 $ 2,118
Schedule of Performing and Non-Performing Financial Receivable [Table Text Block]	The following table presents the credit risk profile of loans based on payment activity as of June 30, 2015 and December 31, 2014. Real Estate 1-4 Family Commercial Residential and Multi-Family Construction Commercial Consumer 6/30/2015 12/31/2014 6/30/2015 12/31/2014 6/30/2015 12/31/2014 6/30/2015 12/31/2014 6/30/2015 12/31/2014 (Dollars in thousands) Performing $ 589,779 $ 583,773 $ 86,494 $ 88,975 $ 22,216 $ 20,028 $ 22,740 $ 21,776 $ 52,924 $ 54,154 Non-Performing(1) 3,854 3,626 1,830 803 143 143 501 559 502 Total $ 593,633 $ 587,399 $ 88,324 $ 89,778 $ 22,359 $ 20,171 $ 22,740 $ 22,277 $ 53,483 $ 54,656 (1) 6/30/2015 data includes non-performing TDR loans
Schedule of Allowance for Possible Loan Losses by Portfolio Segment [Table Text Block]	The following table details activity in the allowance for possible loan losses by portfolio segment for the periods ended June 30, 2015 and December 31, 2014. Allocation of a portion of the allowance to one category does not preclude its availability to absorb losses in other categories. Real Estate Commercial 1-4 Family and Residential Multi-Family Construction Commercial Consumer Total (Dollars in thousands) June 30, 2015 Allowance for credit losses: Beginning Balance $ 2,318 $ 625 $ 33 $ 380 $ 404 $ 3,760 Charge-offs (221) (24) (306) (148) (699) Recoveries Provision for loan losses 117 (299) 1 276 236 331 Ending balance $ 2,214 $ 302 $ 34 $ 350 $ 492 $ 3,392 Ending balance: individually evaluated for impairment $ 623 $ 23 $ $ 4 $ 34 $ 684 Ending balance: collectively evaluated for impairment $ 1,591 $ 279 $ 34 $ 346 $ 458 $ 2,708 Loan Receivables: Ending balance $ 593,633 $ 88,324 $ 22,359 $ 22,740 $ 53,483 $ 780,539 Ending balance: individually evaluated for impairment $ 9,857 $ 1,830 $ 143 $ 190 $ 1,060 $ 13,080 Ending balance: collectively evaluated for impairment 10 $ 583,776 $ 86,494 $ 22,216 $ 22,550 $ 52,423 $ 767,459 December 31, 2014 Allowance for credit losses: Beginning Balance $ 2,981 $ 551 $ 85 $ 230 $ 352 $ 4,199 Charge-offs (538) (439) (977) Recoveries 1 75 76 Provision for loan losses (126) 74 (52) 75 491 462 Ending balance $ 2,318 $ 625 $ 33 $ 380 $ 404 $ 3,760 Ending balance: individually evaluated for impairment $ 721 $ $ $ 254 $ 55 $ 1,030 Ending balance: collectively evaluated for impairment $ 1,597 $ 625 $ 33 $ 126 $ 349 $ 2,730 Loan Receivables: Ending balance $ 587,399 $ 89,778 $ 20,171 $ 22,277 $ 54,656 $ 774,281 Ending balance: individually evaluated for impairment $ 10,372 $ 1,324 $ 143 $ 702 $ 1,151 $ 13,692 Ending balance: collectively evaluated for impairment $ 577,027 $ 88,454 $ 20,028 $ 21,575 $ 53,505 $ 760,589

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
DEPOSITS (Tables)	Jun. 30, 2015
Banking and Thrift [Abstract]
Deposit Liabilities Disclosure [Table Text Block]	Deposits consist of the following major classifications: June 30, 2015 December 31, 2014 Weighted Weighted Average Average Amount Interest Rate Amount Interest Rate (Dollars in thousands) NOW and other demand deposit accounts $ 429,535 0.12 % $ 439,623 0.13 % Passbook savings and club accounts 172,183 0.20 % 168,686 0.20 % Subtotal 601,718 608,309 Certificates with original maturities: Within one year 35,675 0.29 % 42,821 0.29 % One to three years 119,582 0.92 % 113,927 0.92 % Three years and beyond 22,884 1.64 % 22,021 1.73 % Total certificates 178,141 178,769 Total $ 779,859 $ 787,078

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
EARNINGS PER SHARE (Tables)	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The calculated basic and dilutive EPS are as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (Dollars in thousands, except per share data) Numerator Net Income $ 1,739 $ 1,532 $ 3,452 $ 3,119 Denominators: Basic average shares outstanding 5,920,475 6,361,499 5,952,732 6,386,799 Effect of dilutive common stock equivalents 115,532 133,538 110,134 120,699 Diluted average shares outstanding 6,036,007 6,495,037 6,062,866 6,507,498 Earnings per share: Basic $ 0.29 $ 0.24 $ 0.58 $ 0.49 Diluted $ 0.29 $ 0.24 $ 0.57 $ 0.48

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
STOCK-BASED COMPENSATION (Tables)	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]	A summary of the status of the Company’s stock options under the Equity Plans as of June 30, 2015 and 2014 and changes during the three months ended June 30, 2015 and 2014 are presented below: Six Months Ended Six Months Ended June 30, 2015 June 30, 2014 Weighted Weighted average average Number exercise Number exercise of shares price of shares price Outstanding at the beginning of the period 674,391 $ 12.15 680,200 $ 12.14 Granted Exercised 119,511 13.04 3,071 11.27 Forfeited 1,000 10.21 Outstanding at the end of the period 553,880 $ 11.96 677,129 $ 12.15 Exercisable at the end of the period 425,537 $ 11.85 472,223 $ 12.24 Stock options vested or expected to vest (1) 382,983 $ 11.85 425,001 $ 12.24 (1) Includes vested shares and non-vested shares after a forfeiture rate, which is based upon historical data, is applied.
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block]	The following table summarizes all stock options outstanding under the Equity Plan as of June 30, 2015: Options Outstanding Weighted Average Number of Weighted Average Remaining Date Issued Shares Exercise Price Contractual Life August 10, 2005 161,982 $ 13.19 0.1 years November 21, 2006 14,509 $ 14.78 1.4 years November 20, 2007 17,282 $ 11.32 2.4 years August 18, 2010 214,179 $ 10.21 5.1 years March 15, 2011 13,600 $ 12.06 5.7 years August 17, 2011 49,138 $ 11.53 6.1 years November 19, 2012 17,100 $ 13.10 7.4 years November 19, 2013 66,090 $ 14.14 8.4 years Total 553,880 4.0 years
Schedule of Nonvested Share Activity [Table Text Block]	Summary of Non-vested Stock Award Activity: Six Months ended Six Months ended June 30, 2015 June 30, 2014 Weighted avg Weighted avg Number of grant date fair Number of grant date fair shares value shares value Beginning of period 54,950 $ 10.74 83,290 $ 10.99 Issued Forfeited Vested 990 $ 12.06 990 $ 12.06 Outstanding at June 30, 2014 53,960 $ 12.73 82,300 $ 12.29

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
STOCKHOLDERS' EQUITY (Tables)	Jun. 30, 2015
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	A summary of the changes in components of Accumulated Other Comprehensive Income for the six months ended June 30, 2015 and 2014 are presented below: Unrealized Accumulated Gain (Loss) on Loss on Post Other Available for Retirement Comprehensive Sale Securities Life Benefit Income (Dollars in thousands) Beginning balance - 01/01/2015 $ (1,282) $ (169) $ (1,451) Current period change 222 11 233 Tax benefit (89) - (89) Ending balance 06/30/2015 $ (1,149) $ (158) $ (1,307) Unrealized Loss on Post Accumulated (Dollars in thousands) Beginning balance - 01/01/2014 $ (2,657) $ (10) $ (2,667) Current period change 2,035 1 2,036 Tax benefit (812) - (812) Ending balance 06/30/2014 $ (1,434) $ (9) $ (1,443)

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	The following tables presents assets that are measured at fair value on a recurring basis by major product category and fair value hierarchy as of June 30, 2015 and December 31, 2014: Category Used for Fair Value Measurement June 30, 2015 Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Securities available for sale: U.S. government sponsored entity mortgage-backed securities $ $ 84,689 $ U.S. Treasury and federal agencies 20,939 State and municipal obligations Corporate securities 8,940 Equity securities 31 Totals $ 31 $ 114,568 $ Category Used for Fair Value Measurement December 31, 2014 Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Securities available for sale: U.S. government sponsored entity mortgage-backed securities $ $ 80,258 $ U.S. Treasury and federal agencies 20,991 State and municipal obligations Corporate securities 8,839 Equity securities 28 Totals $ 28 $ 110,088 $
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]	Category Used for Fair Value Measurement Total Six Month (Losses) Period Ended Total Level 1 Level 2 Level 3 Gains (Dollars in thousands) June 30, 2015 Assets: Impaired loans $ 3,854 $ - $ 1,756 $ 2,098 $ (39) Real estate owned 780 - 780 - (365) June 30, 2014 Assets: Impaired loans $ 5,733 $ - $ 3,581 $ 2,152 $ (596) Real estate owned 81 - 81 - (36)
Fair Value, by Balance Sheet Grouping [Table Text Block]	The following table summarizes these results: Category Used For Fair Value June 30, 2015 Carrying Amount Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Cash and cash equivalents $ 63,853 $ 63,853 $ $ Investment securities: Held to maturity 965 1,028 Available for sale 114,599 31 114,568 Loans receivable, net 780,789 790,149 Federal Home Loan Bank stock 6,089 6,089 Liabilities: NOW and other demand deposit accounts 429,535 441,100 Passbook savings and club accounts 172,183 179,254 Certificates 178,141 178,572 Advances from Federal Home Loan Bank 110,000 117,492 Junior subordinated debenture 7,217 6,928 Category Used For Fair Value December 31, 2014 Carrying Amount Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Cash and cash equivalents $ 80,307 $ 80,307 $ $ Investment securities: Held to maturity 1,201 1,278 Available for sale 110,116 28 110,088 Loans receivable, net 774,017 791,095 Federal Home Loan Bank stock 6,039 6,039 Liabilities: NOW and other demand deposit accounts 439,623 458,328 Passbook savings and club accounts 168,686 168,893 Certificates 178,769 179,224 Advances from Federal Home Loan Bank 110,000 118,777 Junior subordinated debenture 7,217 7,217

REAL ESTATE OWNED (Tables)

REAL ESTATE OWNED (Tables)	6 Months Ended
REAL ESTATE OWNED (Tables)	Jun. 30, 2015
Real Estate [Abstract]
Schedule of Real Estate Properties [Table Text Block]	Summary of Real Estate Owned (“REO”): 2015 2014 Residential Commercial Residential Commercial Property Property Total Property Property Total (Dollars in thousands) (Dollars in thousands) Balance, January 1, $ 609 $ 41 $ 650 $ 295 $ 203 $ 498 Transfers into Real Estate Owned 777 195 972 81 - 81 Sales of Real Estate Owned (429) - (429) (78) (161) (239) Balance, June 30, $ 957 $ 236 $ 1,193 $ 298 $ 42 $ 340

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Held to Maturity
Held to Maturity, Amortized Cost	$ 965	$ 1,201
Held to Maturity, Gross Unrealized Gain	63	77
Held to Maturity, Gross Unrealized Loss	0	0
Held to Maturity, Estimated Fair Value	1,028	1,278
Available for Sale
Available for Sale, Amortized Cost	116,467	112,205
Available for Sale, Gross Unrealized Gain	423	408
Available for Sale, Gross Unrealized Loss	(2,291)	(2,497)
Available for Sale, Estimated Fair Value	114,599	110,116
US treasury and government sponsored entity mortgage-backed securities [Member]
Held to Maturity
Held to Maturity, Amortized Cost	563	707
Held to Maturity, Gross Unrealized Gain	63	77
Held to Maturity, Gross Unrealized Loss	0	0
Held to Maturity, Estimated Fair Value	626	784
Available for Sale
Available for Sale, Amortized Cost	85,611	81,383
Available for Sale, Gross Unrealized Gain	325	278
Available for Sale, Gross Unrealized Loss	(1,247)	(1,403)
Available for Sale, Estimated Fair Value	84,689	80,258
Corporate [Member]
Available for Sale
Available for Sale, Amortized Cost	9,628	9,596
Available for Sale, Gross Unrealized Gain	70	99
Available for Sale, Gross Unrealized Loss	(758)	(856)
Available for Sale, Estimated Fair Value	8,940	8,839
U.S. Treasury and federal agencies [Member]
Available for Sale
Available for Sale, Amortized Cost	21,225	21,223
Available for Sale, Gross Unrealized Gain	0	6
Available for Sale, Gross Unrealized Loss	(286)	(238)
Available for Sale, Estimated Fair Value	20,939	20,991
Equity Securities [Member]
Available for Sale
Available for Sale, Amortized Cost	3	3
Available for Sale, Gross Unrealized Gain	28	25
Available for Sale, Gross Unrealized Loss	0	0
Available for Sale, Estimated Fair Value	31	28
Debt Securities - Municipal [Member]
Held to Maturity
Held to Maturity, Amortized Cost	402	494
Held to Maturity, Gross Unrealized Gain	0	0
Held to Maturity, Gross Unrealized Loss	0	0
Held to Maturity, Estimated Fair Value	$ 402	$ 494

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value	$ 21,154	$ 15,123
Less Than 12 Months, Gross Unrealized Loss	(181)	(22)
12 Months or Longer, Estimated Fair Value	69,729	78,613
12 Months or Longer, Gross Unrealized Loss	(2,110)	(2,475)
Estimated Fair Value, Total	90,883	93,736
Gross Unrealizd Loss, Total	(2,291)	(2,497)
US Treasury and government sponsored entity mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value	9,963	10,133
Less Than 12 Months, Gross Unrealized Loss	(69)	(17)
12 Months or Longer, Estimated Fair Value	57,088	66,020
12 Months or Longer, Gross Unrealized Loss	(1,178)	(1,386)
Estimated Fair Value, Total	67,051	76,153
Gross Unrealizd Loss, Total	(1,247)	(1,403)
Corporate [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value	0	0
Less Than 12 Months, Gross Unrealized Loss	0	0
12 Months or Longer, Estimated Fair Value	2,926	2,826
12 Months or Longer, Gross Unrealized Loss	(758)	(856)
Estimated Fair Value, Total	2,926	2,826
Gross Unrealizd Loss, Total	(758)	(856)
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value	11,191	4,990
Less Than 12 Months, Gross Unrealized Loss	(112)	(5)
12 Months or Longer, Estimated Fair Value	9,715	9,767
12 Months or Longer, Gross Unrealized Loss	(174)	(233)
Estimated Fair Value, Total	20,906	14,757
Gross Unrealizd Loss, Total	(286)	(238)
Equity securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value	0	0
Less Than 12 Months, Gross Unrealized Loss	0	0
12 Months or Longer, Estimated Fair Value	0	0
12 Months or Longer, Gross Unrealized Loss	0	0
Estimated Fair Value, Total	0	0
Gross Unrealizd Loss, Total	$ 0	$ 0

INVESTMENT SECURITIES (Detail29

INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Held-to-maturity Securities [Line Items]
Held to Maturity, Amortized Cost, Due within 1 year	$ 402
Held to Maturity, Estimated Fair Value, Due within 1 year	402
Held to Maturity, Amortized Cost, Due after 1 year through 5 years	0
Held to Maturity, Estimated Fair Value, Due after 1 year through 5 years	0
Held to Maturity, Amortized Cost, Due after 5 years through 10 years	0
Held to Maturity, Estimated Fair Value, Due after 5 years through 10 years	0
Held to Maturity, Amortized Cost, Due after 10 years	0
Held to Maturity, Estimated Fair Value, Due after 10 years	0
Held to Maturity, Amortized Cost, Total	965	$ 1,201
Held to Maturity, Estimated Fair Value, Total	1,028	$ 1,278
Available for Sale Securities, Amortized Cost, Due within 1 year	3,978
Available for Sale Securities, Estimated Fair Value, Due within 1 year	4,015
Available for Sale Securities, Amortized Cost, Due after 1 year through 5 years	1,999
Available for Sale Securities, Estimated Fair Value, Due after 1 year through 5 years	2,032
Available for Sale Securities, Amortized Cost, Due after 5 years through 10 years	11,191
Available for Sale Securities, Estimated Fair Value, Due after 5 years through 10 years	11,080
Available for Sale Securities, Amortized Cost, Due after 10 years	13,684
Available for Sale Securities, Estimated Fair Value, Due after 10 years	12,752
Available for Sale Securities, Amortized Cost, Total	30,852
Available for Sale Securities, Estimated Fair Value, Total	$ 29,879

INVESTMENT SECURITIES (Detail30

INVESTMENT SECURITIES (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Continuous Unrealized Loss, Percentage Amortized Cost	20.60%
Available-for-sale Equity Securities, Amortized Cost Basis	$ 3
Trading Securities, Fair Value Disclosure	31
Mortgage-backed Securities, Amortized Cost	85,600
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure	84,700
Available-for-sale Securities Pledged as Collateral	$ 109,600	$ 105,100
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Continuous Unrealized Loss, Percentage Amortized Cost	2.00%

LOANS RECEIVABLE - NET (Details

LOANS RECEIVABLE - NET (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Real estate - mortgage:
Total real estate-mortgage	$ 681,957	$ 677,177
Real estate - construction:
Total real estate - construction	22,359	20,171
Commercial	22,740	22,277
Consumer:
Total consumer loans	53,483	54,656
Total loans	780,539	774,281
Net deferred loan cost	3,642	3,496
Allowance for loan losses	(3,392)	(3,760)
Net total loans	780,789	774,017
Home Equity [Member]
Consumer:
Total consumer loans	53,137	54,279
One To Four Family Residential [Member]
Real estate - mortgage:
Total real estate-mortgage	593,633	587,399
Consumer:
Total loans	593,633	587,399
Commercial and Multi Family [Member]
Real estate - mortgage:
Total real estate-mortgage	88,324	89,778
Consumer:
Total loans	88,324	89,778
Residential [Member]
Real estate - construction:
Total real estate - construction	18,426	16,030
Commercial Loan [Member]
Real estate - construction:
Total real estate - construction	3,933	4,141
Consumer:
Total loans	22,740	22,277
Other Consumer Loans [Member]
Consumer:
Total consumer loans	$ 346	$ 377

LOANS RECEIVABLE - NET (Detai32

LOANS RECEIVABLE - NET (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
LOANS RECEIVABLE - NET (Details 1) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance, beginning of period			$ 3,760	$ 4,199
Provision for loan loss	$ 178	$ 50	331	138
Charge-offs			(699)	(346)
Recoveries			0	76
Balance, end of period	$ 3,392	$ 4,067	$ 3,392	$ 4,067

LOANS RECEIVABLE - NET (Detai33

LOANS RECEIVABLE - NET (Details 2) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
LOANS RECEIVABLE - NET (Details 2) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 4,890	$ 5,575
Troubled debt restructuring, non-accrual	1,496	694
Total non-performing loans	6,386	6,269
Real estate owned	1,193	650
Total non-performing assets	7,579	6,919
One To Four Family Residential [Member] \| Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	2,678	3,626
Commercial and Multi Family [Member] \| Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	1,580	803
Commercial Loan [Member] \| Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	0	501
Consumer Loan [Member] \| Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	489	502
Construction [Member] \| Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 143	$ 143

LOANS RECEIVABLE - NET (Detai34

LOANS RECEIVABLE - NET (Details 3) - USD ($) $ in Thousands	6 Months Ended
LOANS RECEIVABLE - NET (Details 3) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contractual Receivable Amount, Beginning Balance	$ 44,216	$ 50,837
Contractual Receivable Amount, Principal Reductions	(2,856)	(2,848)
Contractual Receivable Amount, Charge-offs, net	(62)	(367)
Contractual Receivable Amount, Amortization of loan premium	0	0
Contractual Receivable Amount, Ending Balance	41,298	47,622
Nonaccretable (Yield) / Premium, Beginning Balance	(2,540)	(3,099)
Nonaccretable (Yield) / Premium, Principal Reductions	0	0
Nonaccretable (Yield) / Premium, Charge-offs, net	62	367
Nonaccretable (Yield) / Premium, Amortization of loan premium	0	0
Nonaccretable (Yield) / Premium, Ending Balance	(2,478)	(2,732)
Accretable (Yield) / Premuim, Beginning Balance	542	746
Accretable (Yield) / Premium, Principal Reductions	0	0
Accretable (Yield) / Premium, Charge-offs, net	0	0
Accretable (Yield) / Premium, Amortization of loan premium	(58)	(102)
Accretable (Yield) / Premuim, Ending Balance	484	644
Carrying Amount, Beginning Balance	42,218	48,484
Carrying Amount, Principal Reductions	(2,856)	(2,848)
Carrying Amount, Charge-offs, net	0	0
Carrying Amount, Amortization of loan premium	(58)	(102)
Carrying Amount, Ending Balance	$ 39,304	$ 45,534

LOANS RECEIVABLE - NET (Detai35

LOANS RECEIVABLE - NET (Details 4) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Real estate
Total Past Due	$ 7,193	$ 9,913
Current	773,346	764,368
Total Loans Receivables	780,539	774,281
Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate
Total Past Due	1,484	3,639
Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate
Total Past Due	120	5
Financing Receivables, Greater than 90 Days Past Due [Member]
Real estate
Total Past Due	5,589	6,269
One To Four family residential [Member]
Real estate
Total Past Due	4,681	6,578
Current	588,952	580,821
Total Loans Receivables	593,633	587,399
One To Four family residential [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate
Total Past Due	1,374	2,323
One To Four family residential [Member] \| Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate
Total Past Due	0	0
One To Four family residential [Member] \| Financing Receivables, Greater than 90 Days Past Due [Member]
Real estate
Total Past Due	3,307	4,255
Commercial and multi-family [Member]
Real estate
Total Past Due	1,690	1,634
Current	86,634	88,144
Total Loans Receivables	88,324	89,778
Commercial and multi-family [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate
Total Past Due	110	831
Commercial and multi-family [Member] \| Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate
Total Past Due	0	0
Commercial and multi-family [Member] \| Financing Receivables, Greater than 90 Days Past Due [Member]
Real estate
Total Past Due	1,580	803
Construction [Member]
Real estate
Total Past Due	143	143
Current	22,216	20,028
Total Loans Receivables	22,359	20,171
Construction [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate
Total Past Due	0	0
Construction [Member] \| Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate
Total Past Due	0	0
Construction [Member] \| Financing Receivables, Greater than 90 Days Past Due [Member]
Real estate
Total Past Due	143	143
Commercial Loan [Member]
Real estate
Total Past Due	0	501
Current	22,740	21,776
Total Loans Receivables	22,740	22,277
Commercial Loan [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate
Total Past Due	0	0
Commercial Loan [Member] \| Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate
Total Past Due	0	0
Commercial Loan [Member] \| Financing Receivables, Greater than 90 Days Past Due [Member]
Real estate
Total Past Due	0	501
Consumer Loan [Member]
Real estate
Total Past Due	679	1,057
Current	52,804	53,599
Total Loans Receivables	53,483	54,656
Consumer Loan [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate
Total Past Due	0	485
Consumer Loan [Member] \| Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate
Total Past Due	120	5
Consumer Loan [Member] \| Financing Receivables, Greater than 90 Days Past Due [Member]
Real estate
Total Past Due	$ 559	$ 567

LOANS RECEIVABLE - NET (Detai36

LOANS RECEIVABLE - NET (Details 5) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
LOANS RECEIVABLE - NET (Details 5) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, With an allowance recorded, Average Recorded Investment		$ 90
Recorded Investment		181
Unpaid Principal Balance		181
Related Allowance		55
One To Four Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, With no related allowance recorded, Recorded Investment	$ 8,290	4,585
Impaired Financing Receivable, With no related allowance recorded, Unpaid Principal Balance	8,539	4,622
Impaired Financing Receivable, With no related allowance recorded, Related Allowance	0	0
Impaired Financing Receivable, With no related allowance recorded, Average Recorded Investment	237	139
Impaired Financing Receivable, With an allowance recorded, Recorded Investment	1,567	5,787
Impaired Financing Receivable, With an allowance recorded, Unpaid Principal Balance	1,884	6,138
Impaired Financing Receivable, With an allowance recorded, Related Allowance	623	721
Impaired Financing Receivable, With an allowance recorded, Average Recorded Investment	98	340
Recorded Investment	9,857	10,372
Unpaid Principal Balance	10,423	10,760
Related Allowance	623	721
Average Recorded Investment	193	207
Commercial and Multi Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, With no related allowance recorded, Recorded Investment	1,545	1,324
Impaired Financing Receivable, With no related allowance recorded, Unpaid Principal Balance	1,545	1,324
Impaired Financing Receivable, With no related allowance recorded, Related Allowance	0	0
Impaired Financing Receivable, With no related allowance recorded, Average Recorded Investment	257	265
Impaired Financing Receivable, With an allowance recorded, Recorded Investment	285	0
Impaired Financing Receivable, With an allowance recorded, Unpaid Principal Balance	310	0
Impaired Financing Receivable, With an allowance recorded, Related Allowance	23	0
Impaired Financing Receivable, With an allowance recorded, Average Recorded Investment	285	0
Recorded Investment	1,830	1,324
Unpaid Principal Balance	1,855	1,324
Related Allowance	23	0
Average Recorded Investment	261	265
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, With no related allowance recorded, Recorded Investment	143	143
Impaired Financing Receivable, With no related allowance recorded, Unpaid Principal Balance	143	143
Impaired Financing Receivable, With no related allowance recorded, Related Allowance	0	0
Impaired Financing Receivable, With no related allowance recorded, Average Recorded Investment	143	143
Impaired Financing Receivable, With an allowance recorded, Recorded Investment	0
Impaired Financing Receivable, With an allowance recorded, Unpaid Principal Balance	0
Impaired Financing Receivable, With an allowance recorded, Related Allowance	0
Impaired Financing Receivable, With an allowance recorded, Average Recorded Investment	0
Recorded Investment	143	143
Unpaid Principal Balance	143	143
Related Allowance	0	0
Average Recorded Investment	144	143
Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, With no related allowance recorded, Recorded Investment	0	0
Impaired Financing Receivable, With no related allowance recorded, Unpaid Principal Balance	0	0
Impaired Financing Receivable, With no related allowance recorded, Related Allowance	0	0
Impaired Financing Receivable, With no related allowance recorded, Average Recorded Investment	0	0
Impaired Financing Receivable, With an allowance recorded, Recorded Investment	190	0
Impaired Financing Receivable, With an allowance recorded, Unpaid Principal Balance	190	0
Impaired Financing Receivable, With an allowance recorded, Related Allowance	4	0
Impaired Financing Receivable, With an allowance recorded, Average Recorded Investment	190	0
Recorded Investment	190	702
Unpaid Principal Balance	190	702
Related Allowance	4	254
Average Recorded Investment	190	351
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, With no related allowance recorded, Recorded Investment	990	970
Impaired Financing Receivable, With no related allowance recorded, Unpaid Principal Balance	990	970
Impaired Financing Receivable, With no related allowance recorded, Related Allowance	0	0
Impaired Financing Receivable, With no related allowance recorded, Average Recorded Investment	58	57
Impaired Financing Receivable, With an allowance recorded, Recorded Investment	70	702
Impaired Financing Receivable, With an allowance recorded, Unpaid Principal Balance	181	702
Impaired Financing Receivable, With an allowance recorded, Related Allowance	34	254
Impaired Financing Receivable, With an allowance recorded, Average Recorded Investment	35	351
Recorded Investment	1,060	1,151
Unpaid Principal Balance	1,171	1,151
Related Allowance	34	55
Average Recorded Investment	$ 56	$ 61

LOANS RECEIVABLE - NET (Detai37

LOANS RECEIVABLE - NET (Details 6) $ in Thousands	6 Months Ended	12 Months Ended
LOANS RECEIVABLE - NET (Details 6) $ in Thousands	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Recorded Investment, Number of Contracts	18	13
Outstanding Recorded Investment, Pre-Modification	$ 4,456	$ 3,823
Outstanding Recorded Investment, Post-Modification	$ 4,456	$ 3,823
One To Four Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Recorded Investment, Number of Contracts	10	8
Outstanding Recorded Investment, Pre-Modification	$ 3,747	$ 3,335
Outstanding Recorded Investment, Post-Modification	$ 3,747	$ 3,335
Commercial Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Recorded Investment, Number of Contracts	2	0
Outstanding Recorded Investment, Pre-Modification	$ 250	$ 0
Outstanding Recorded Investment, Post-Modification	$ 250	$ 0
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Recorded Investment, Number of Contracts	5	4
Outstanding Recorded Investment, Pre-Modification	$ 269	$ 287
Outstanding Recorded Investment, Post-Modification	$ 269	$ 287
Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Recorded Investment, Number of Contracts	1	1
Outstanding Recorded Investment, Pre-Modification	$ 190	$ 201
Outstanding Recorded Investment, Post-Modification	$ 190	$ 201

LOANS RECEIVABLE - NET (Detai38

LOANS RECEIVABLE - NET (Details 7) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
One To Four Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	$ 11,096	$ 13,318
One To Four Family Residential [Member] \| Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	3,621	3,948
One To Four Family Residential [Member] \| Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	7,475	9,370
One To Four Family Residential [Member] \| Doubtful and loss [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	0	0
Commercial and Multi Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	4,711	4,582
Commercial and Multi Family [Member] \| Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	555	572
Commercial and Multi Family [Member] \| Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	4,156	4,010
Commercial and Multi Family [Member] \| Doubtful and loss [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	0	0
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	143	143
Construction [Member] \| Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	0	0
Construction [Member] \| Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	143	143
Construction [Member] \| Doubtful and loss [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	0	0
Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	492	1,103
Commercial Loan [Member] \| Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	12	444
Commercial Loan [Member] \| Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	480	659
Commercial Loan [Member] \| Doubtful and loss [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	0	0
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	1,929	2,118
Consumer Loan [Member] \| Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	807	915
Consumer Loan [Member] \| Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	1,122	1,189
Consumer Loan [Member] \| Doubtful and loss [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	$ 0	$ 14

LOANS RECEIVABLE - NET (Detai39

LOANS RECEIVABLE - NET (Details 8) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans		$ 780,539	$ 774,281
One To Four Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans		593,633	587,399
One To Four Family Residential [Member] \| Performing Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans		589,779	583,773
One To Four Family Residential [Member] \| Nonperforming Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	[1]	3,854	3,626
Commercial and Multi Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans		88,324	89,778
Commercial and Multi Family [Member] \| Performing Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans		86,494	88,975
Commercial and Multi Family [Member] \| Nonperforming Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	[1]	1,830	803
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans		22,359	20,171
Construction [Member] \| Performing Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans		22,216	20,028
Construction [Member] \| Nonperforming Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	[1]	143	143
Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans		22,740	22,277
Commercial Loan [Member] \| Performing Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans		22,740	21,776
Commercial Loan [Member] \| Nonperforming Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	[1]	0	501
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans		53,483	54,656
Consumer Loan [Member] \| Performing Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans		52,924	54,154
Consumer Loan [Member] \| Nonperforming Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	[1]	$ 559	$ 502

[1]	6/30/2015 data includes non-performing TDR loans

LOANS RECEIVABLE - NET (Detai40

LOANS RECEIVABLE - NET (Details 9) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
LOANS RECEIVABLE - NET (Details 9) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Allowance for credit losses:
Balance, beginning of period	$ 3,760	$ 4,199
Charge-offs	(699)	(977)
Recoveries	0	76
Provision for loan losses	331	462
Balance, end of period	3,392	3,760
Ending balance: individually evaluated for impairment	684	1,030
Ending balance: collectively evaluated for impariment	2,708	2,730
Loan Receivables:
Ending balance	780,539	774,281
Ending balance: individually evaluated for impairment	13,080	13,692
Ending balance: collectively evaluated for impariment	767,459	760,589
One To Four Family Residential [Member]
Allowance for credit losses:
Balance, beginning of period	2,318	2,981
Charge-offs	(221)	(538)
Recoveries	0	1
Provision for loan losses	117	(126)
Balance, end of period	2,214	2,318
Ending balance: individually evaluated for impairment	623	721
Ending balance: collectively evaluated for impariment	1,591	1,597
Loan Receivables:
Ending balance	593,633	587,399
Ending balance: individually evaluated for impairment	9,857	10,372
Ending balance: collectively evaluated for impariment	583,776	577,027
Commercial and Multi Family [Member]
Allowance for credit losses:
Balance, beginning of period	625	551
Charge-offs	(24)	0
Recoveries	0	0
Provision for loan losses	(299)	74
Balance, end of period	302	625
Ending balance: individually evaluated for impairment	23	0
Ending balance: collectively evaluated for impariment	279	625
Loan Receivables:
Ending balance	88,324	89,778
Ending balance: individually evaluated for impairment	1,830	1,324
Ending balance: collectively evaluated for impariment	86,494	88,454
Construction [Member]
Allowance for credit losses:
Balance, beginning of period	33	85
Charge-offs	0	0
Recoveries	0	0
Provision for loan losses	1	(52)
Balance, end of period	34	33
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impariment	34	33
Loan Receivables:
Ending balance	22,359	20,171
Ending balance: individually evaluated for impairment	143	143
Ending balance: collectively evaluated for impariment	22,216	20,028
Commercial Loan [Member]
Allowance for credit losses:
Balance, beginning of period	380	230
Charge-offs	(306)	0
Recoveries	0	75
Provision for loan losses	276	75
Balance, end of period	350	380
Ending balance: individually evaluated for impairment	4	254
Ending balance: collectively evaluated for impariment	346	126
Loan Receivables:
Ending balance	22,740	22,277
Ending balance: individually evaluated for impairment	190	702
Ending balance: collectively evaluated for impariment	22,550	21,575
Consumer Loan [Member]
Allowance for credit losses:
Balance, beginning of period	404	352
Charge-offs	(148)	(439)
Recoveries	0	0
Provision for loan losses	236	491
Balance, end of period	492	404
Ending balance: individually evaluated for impairment	34	55
Ending balance: collectively evaluated for impariment	458	349
Loan Receivables:
Ending balance	53,483	54,656
Ending balance: individually evaluated for impairment	1,060	1,151
Ending balance: collectively evaluated for impariment	$ 52,423	$ 53,505

LOANS RECEIVABLE - NET (Detai41

LOANS RECEIVABLE - NET (Details Textual) $ in Thousands	Jun. 30, 2015USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled Debt Restructuring, Carrying Value	$ 4,500
Loans and Leases Receivable, Impaired, Nonperforming, Nonaccrual of Interest	1,500
Troubled Debt Restructuring, Reserved	$ 557

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Deposits [Line Items]
NOW and other demand deposit accounts	$ 429,535	$ 439,623
Passbook savings and club accounts	172,183	168,686
Subtotal	601,718	608,309
Certificates with original maturities:
Within one year	35,675	42,821
One to three years	119,582	113,927
Three years and beyond	22,884	22,021
Total certificates	178,141	178,769
Total	$ 779,859	$ 787,078
Weighted Average Interest Rate, NOW and other demand deposit accounts	0.12%	0.13%
Weighted Average Interest Rate, Passbook savings and club accounts	0.20%	0.20%
Weighted Average Interest Rate, Certificates with original maturities:
Weighted Average Interest Rate, Within one year	0.29%	0.29%
Weighted Average Interest Rate, One to three years	0.92%	0.92%
Weighted Average Interest Rate, Three years and beyond	1.64%	1.73%

DEPOSITS (Details Textual)

DEPOSITS (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Deposits [Line Items]
Time Deposits, $100,000 or More	$ 64,500	$ 62,800
Cash, Uninsured Amount	250
Municipal Demand Deposits, $100000 or More	$ 159,500	$ 181,000

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earning Per Share [Line Items]
Numerator - Net Income	$ 1,739	$ 1,532	$ 3,452	$ 3,119
Denominators:
Basic average shares outstanding (in shares)	5,920,475	6,361,499	5,952,732	6,386,799
Effect of dilutive common stock equivalents (in shares)	115,532	133,538	110,134	120,699
Diluted average shares outstanding (in shares)	6,036,007	6,495,037	6,062,866	6,507,498
Earnings per share:
Basic (in dollars per share)	$ 0.29	$ 0.24	$ 0.58	$ 0.49
Diluted (in dollars per share)	$ 0.29	$ 0.24	$ 0.57	$ 0.48

EARNINGS PER SHARE (Details Tex

EARNINGS PER SHARE (Details Textual) - shares	6 Months Ended
EARNINGS PER SHARE (Details Textual) - shares	Jun. 30, 2015	Jun. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	469,360	597,705
Weighted Average Number Of Non Vested Shares Outstanding Diluted	53,960	82,300

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - $ / shares		6 Months Ended
STOCK-BASED COMPENSATION (Details) - $ / shares		Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, Outstanding at the beginning of the period (in shares)		674,391	680,200
Number of shares, Granted (in shares)		0	0
Number of shares, Exercised (in shares)		119,511	3,071
Number of shares, Forfeited (in shares)		1,000	0
Number of shares, Outstanding at the end of the period (in shares)		553,880	677,129
Number of shares, Exercisable at the end of the period (in shares)		425,537	472,223
Number of shares, Stock options vested or expected to vest (in shares)	[1]	382,983	425,001
Weighted average exercise price, Outstanding at the beginning of the period (in dollars per share)		$ 12.15	$ 12.14
Weighted average exercise price, Granted (in dollars per share)		0	0
Weighted average exercise price, Exercised (in dollars per share)		13.04	11.27
Weighted average exercise price, Forfeited (in dollars per share)		10.21	0
Weighted average exercise price, Outstanding at the end of the period (in dollars per share)		11.96	12.15
Weighted average exercise price, Exercisable at the end of the period (in dollars per share)		11.85	12.24
Weighted average exercise price, Stock options vested or expected to vest (in dollars per share)	[1]	$ 11.85	$ 12.24

[1]	Includes vested shares and non-vested shares after a forfeiture rate, which is based upon historical data, is applied.

STOCK-BASED COMPENSATION (Det47

STOCK-BASED COMPENSATION (Details 1) - $ / shares	6 Months Ended
STOCK-BASED COMPENSATION (Details 1) - $ / shares	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	553,880	674,391	677,129	680,200
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 0
Options Outstanding, Weighted Average Remaining Contractual Life	4 years
Date Of Issued August 10 2005 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	161,982
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 13.19
Options Outstanding, Weighted Average Remaining Contractual Life	1 month 6 days
Date Of Issued November 21 2006 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	14,509
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 14.78
Options Outstanding, Weighted Average Remaining Contractual Life	1 year 4 months 24 days
Date Of Issued November 20 2007 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	17,282
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 11.32
Options Outstanding, Weighted Average Remaining Contractual Life	2 years 4 months 24 days
Date Of Issued August 18 2010 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	214,179
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 10.21
Options Outstanding, Weighted Average Remaining Contractual Life	5 years 1 month 6 days
Date Of Issued March 15 2011 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	13,600
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 12.06
Options Outstanding, Weighted Average Remaining Contractual Life	5 years 8 months 12 days
Date Of Issued August 17 2011 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	49,138
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 11.53
Options Outstanding, Weighted Average Remaining Contractual Life	6 years 1 month 6 days
Date Of Issued November 19 2012 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	17,100
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 13.10
Options Outstanding, Weighted Average Remaining Contractual Life	7 years 4 months 24 days
Date of Issued November 19 2013 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	66,090
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 14.14
Options Outstanding, Weighted Average Remaining Contractual Life	8 years 4 months 24 days

STOCK-BASED COMPENSATION (Det48

STOCK-BASED COMPENSATION (Details 2) - $ / shares	6 Months Ended
STOCK-BASED COMPENSATION (Details 2) - $ / shares	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, Issued (in shares)	0	0
Non vested Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, Beginning of period (in shares)	54,950	83,290
Number of shares, Issued (in shares)	0	0
Number of shares, Forfeited (in shares)	0	0
Number of shares, Vested (in shares)	990	990
Number of shares, End of period (in shares)	53,960	82,300
Weighted average grant date fair value, Beginning of period (in dollars per share)	$ 10.74	$ 10.99
Weighted average grant date fair value, Issued (in doallrs per share)	0	0
Weighted average grant date fair value, Forfeited (in dollars per share)	0	0
Weighted average grant date fair value, Vested (in dollars per share)	12.06	12.06
Weighted average grant date fair value, End of period (in dollars per share)	$ 12.73	$ 12.29

STOCK-BASED COMPENSATION (Det49

STOCK-BASED COMPENSATION (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Adjustments to Additional Paid in Capital, Share-based Compensation, Stock Options, Requisite Service Period Recognition	$ 46	$ 46	$ 92	$ 92
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Total Unrecognized Compensation Cost			336
Allocated Share-based Compensation Expense	81	$ 81	162	$ 162
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total	$ 428		$ 428
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			2 years 10 months 24 days
Employee Service Share Based Compensation Total Compensation Cost Not Yet Recognized Period For Recognition			2 years 1 month 6 days

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($) $ in Millions	6 Months Ended
INCOME TAXES (Details Textual) - USD ($) $ in Millions	Jun. 30, 2015	Jun. 30, 2014
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Charitable Contributions, Percent	33.40%	35.30%
Increase (Decrease) in Deferred Income Taxes	$ 1.7	$ 1.7

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($) $ in Thousands	6 Months Ended
STOCKHOLDERS' EQUITY (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Unrealized Gain (Loss) on Available for Sale Securities, Beginning balance	$ (1,282)	$ (2,657)
Unrealized Gain (Loss) on Available for Sale Securities, Current period change	222	2,035
Unrealized Gain (Loss) on Available for Sale Securities, Tax benefit	(89)	(812)
Unrealized Gain (Loss) on Available for Sale Securities, Ending Balance	(1,149)	(1,434)
Loss on Post Retirement Life Benefit, Beginning balance	(169)	(10)
Loss on Post Retirement Life Benefit, Current period change	11	1
Loss on Post Retirement Life Benefit, Tax benefit	0	0
Loss on Post Retirement Life Benefit, Ending Balance	(158)	(9)
Accumulated Other Comprehensive Income, Beginning balance	(1,451)	(2,667)
Accumulated Other Comprehensive Income, Current period change	233	2,036
Accumulated Other Comprehensive Income, Tax benefit	(89)	(812)
Accumulated Other Comprehensive Income, Ending Balance	$ (1,307)	$ (1,443)

STOCKHOLDERS' EQUITY (Details T

STOCKHOLDERS' EQUITY (Details Textual) - $ / shares	3 Months Ended
STOCKHOLDERS' EQUITY (Details Textual) - $ / shares	Jun. 30, 2015	Mar. 03, 2015
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased		130,000
Stock Repurchase Program Shares Authorized To Be Repurchased Percentage		2.00%
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	16,400
Stock Repurchased During Period, Shares	49,200
Treasury Stock Acquired, Average Cost Per Share	$ 14.91
Board of Directors Chairman [Member]
Equity, Class of Treasury Stock [Line Items]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.06

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	$ 114,599	$ 110,116
US Government Sponsored Entity Mortgage-backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	84,689	80,258
Corporate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	8,940	8,839
Equity Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	31	28
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	31	28
Fair Value, Inputs, Level 1 [Member] \| US Government Sponsored Entity Mortgage-backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	0	$ 0
Fair Value, Inputs, Level 1 [Member] \| US Treasury and Federal Agencies [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	0
Fair Value, Inputs, Level 1 [Member] \| State and Municipal Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	0	$ 0
Fair Value, Inputs, Level 1 [Member] \| Corporate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] \| Equity Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	31	28
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	114,568	110,088
Fair Value, Inputs, Level 2 [Member] \| US Government Sponsored Entity Mortgage-backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	84,689	80,258
Fair Value, Inputs, Level 2 [Member] \| US Treasury and Federal Agencies [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	20,939	20,991
Fair Value, Inputs, Level 2 [Member] \| State and Municipal Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	0	0
Fair Value, Inputs, Level 2 [Member] \| Corporate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	8,940	8,839
Fair Value, Inputs, Level 2 [Member] \| Equity Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	0	0
Fair Value, Inputs, Level 3 [Member] \| US Government Sponsored Entity Mortgage-backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	0	0
Fair Value, Inputs, Level 3 [Member] \| US Treasury and Federal Agencies [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	0	0
Fair Value, Inputs, Level 3 [Member] \| State and Municipal Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	0	0
Fair Value, Inputs, Level 3 [Member] \| Corporate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	0	0
Fair Value, Inputs, Level 3 [Member] \| Equity Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Deta54

FAIR VALUE MEASUREMENTS (Details 1) - Fair Value, Measurement Frequency [Domain] - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Assets:
Impaired loans	$ 3,854	$ 5,733
Real estate owned	780	81
Impaired loans, (Losses) Gains	(39)	(596)
Real estate owned, (Losses) Gains	(365)	(36)
Fair Value, Inputs, Level 1 [Member]
Assets:
Impaired loans	0	0
Real estate owned	0	0
Fair Value, Inputs, Level 2 [Member]
Assets:
Impaired loans	1,756	3,581
Real estate owned	780	81
Fair Value, Inputs, Level 3 [Member]
Assets:
Impaired loans	2,098	2,152
Real estate owned	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Deta55

FAIR VALUE MEASUREMENTS (Details 2) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents, Carrying Amount	$ 63,853	$ 80,307	$ 65,739	$ 87,619
Investment securities, Carrying Amount
Held to maturity, Carrying Amount	965	1,201
Available for sale, Carrying Amount	114,599	110,116
Loans receivable, net, Carrying Amount	780,789	774,017
Federal Home Loan Bank stock, Carrying Amount	6,089	6,039
LIABILITIES:
NOW and other demand deposit accounts, Carrying Amount	429,535	439,623
Passbook savings and club accounts, Carrying Amount	172,183	168,686
Certificates, Carrying Amount	178,141	178,769
Advances from Federal Home Loan Bank, Carrying Amount	110,000	110,000
Junior subordinated debenture, Carrying Amount	7,217	7,217
Investment securities, Estimated Fair Value
Held to maturity, Fair Value	1,028	1,278
Loans receivable, net, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member]
Investment securities, Carrying Amount
Available for sale, Carrying Amount	31	28
Assets, Estimated Fair Value
Cash and cash equivalents, Fair Value	63,853	80,307
Investment securities, Estimated Fair Value
Held to maturity, Fair Value	0	0
Available for sale, Fair Value	31	28
Loans receivable, net, Fair Value	0	0
Federal Home Loan Bank stock, Fair Value	0	0
Liabilities, Estimated Fair Value
NOW and other demand deposit accounts, Fair Value	0	0
Passbook savings and club accounts, Fair Value	0	0
Certificates, Fair Value	0	0
Advances from Federal Home Loan Bank, Fair Value	0	0
Junior subordinated debenture, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member]
Investment securities, Carrying Amount
Available for sale, Carrying Amount	114,568	110,088
Assets, Estimated Fair Value
Cash and cash equivalents, Fair Value	0	0
Investment securities, Estimated Fair Value
Held to maturity, Fair Value	1,028	1,278
Available for sale, Fair Value	114,568	110,088
Loans receivable, net, Fair Value	790,149	791,095
Federal Home Loan Bank stock, Fair Value	6,089	6,039
Liabilities, Estimated Fair Value
NOW and other demand deposit accounts, Fair Value	441,100	458,328
Passbook savings and club accounts, Fair Value	179,254	168,893
Certificates, Fair Value	178,572	179,224
Advances from Federal Home Loan Bank, Fair Value	117,492	118,777
Junior subordinated debenture, Fair Value	6,928	7,217
Fair Value, Inputs, Level 3 [Member]
Investment securities, Carrying Amount
Available for sale, Carrying Amount	0	0
Assets, Estimated Fair Value
Cash and cash equivalents, Fair Value	0	0
Investment securities, Estimated Fair Value
Held to maturity, Fair Value	0	0
Available for sale, Fair Value	0	0
Federal Home Loan Bank stock, Fair Value	0	0
Liabilities, Estimated Fair Value
NOW and other demand deposit accounts, Fair Value	0	0
Passbook savings and club accounts, Fair Value	0	0
Certificates, Fair Value	0	0
Advances from Federal Home Loan Bank, Fair Value	0	0
Junior subordinated debenture, Fair Value	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Deta56

FAIR VALUE MEASUREMENTS (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value of Loans Remeasured	$ 4,000	$ 5,700
Prior to Remeasurement of Loans	4,000	6,300
Real Estate Owned	780	81
Proceeds from Sale of Real Estate	428	239
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Properties Prior to Remeasurement of Loans	1,100	117
Real Estate Owned	972
Fair Value Remeasurement Gain Loss On Impaired Loan	39	596
Fair Value Remeasurement Gain Loss On Real Estate Owned	365	36
Proceeds from Sale of Real Estate	$ 192	$ 81

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 4,630	$ 4,630
Intangible Assets, Net (Excluding Goodwill)	489	536
Core Deposits [Member]
Goodwill And Intangible Assets [Line Items]
Intangible Assets, Net (Excluding Goodwill)	$ 488	$ 536
Finite-Lived Intangible Assets, Remaining Amortization Period	15 years

REAL ESTATE OWNED (Details)

REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	6 Months Ended
REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Real Estate Properties [Line Items]
Balance, January 1,	$ 650	$ 498
Transfers into Real Estate Owned	972	81
Sales of Real Estate Owned	(429)	(239)
Balance, June 30,	1,193	340
Residential Property [Member]
Real Estate Properties [Line Items]
Balance, January 1,	609	295
Transfers into Real Estate Owned	777	81
Sales of Real Estate Owned	(429)	(78)
Balance, June 30,	957	298
Commercial Property [Member]
Real Estate Properties [Line Items]
Balance, January 1,	41	203
Transfers into Real Estate Owned	195	0
Sales of Real Estate Owned	0	(161)
Balance, June 30,	$ 236	$ 42

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual) - Jul. 27, 2015 - Subsequent Event [Member] - Securities Subject to Mandatory Redemption [Member] - Ocean Shore Capital Trust I [Member] - USD ($)	Total
Subsequent Event [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	8.67%
Redemption Premium	$ 91,070
Securities Redemption Date	Aug. 26, 2015
Redeemable Noncontrolling Interest, Equity, Other, Redemption Value	$ 7,000,000