Ocean Shore Holding 10-Q 6 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 01, 2016
Document Information [Line Items]
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		6,411,678
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and amounts due from depository institutions	$ 7,811	$ 7,496
Interest-earning bank balances	85,743	80,214
Cash and cash equivalents	93,554	87,710
Investment securities held to maturity (estimated fair value—$919 at March 31, 2016; $1,137 at December 31, 2015)	864	1,084
Investment securities available for sale (amortized cost— $108,102 at March 31, 2016; $113,944 at December 31, 2015)	106,761	111,908
Loans—net of allowance for loan losses of $3,220 at March 31, 2016 and $3,190 at December 31, 2015	792,784	783,948
Accrued interest receivable:
Loans	2,451	2,330
Investment securities	15	21
Federal Home Loan Bank stock - at cost	5,864	5,864
Office properties and equipment - net	12,179	12,359
Prepaid expenses and other assets	1,472	2,242
Real estate owned	2,258	1,814
Cash surrender value of life insurance	24,611	24,457
Net deferred tax asset	4,290	4,572
Goodwill	4,630	4,630
Other intangible assets	416	440
TOTAL ASSETS	1,052,149	1,043,379
LIABILITIES:
Non-interest bearing deposits	192,671	190,614
Interest bearing deposits	625,634	621,419
Advances from Federal Home Loan Bank	105,000	105,000
Advances from borrowers for taxes and insurance	4,875	4,591
Accrued interest payable	584	589
Other liabilities	9,541	9,377
Total liabilities	$ 938,305	$ 931,590
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Preferred stock, $.01 par value, 5,000,000 shares authorized, no shares issued	$ 0	$ 0
Common stock, $.01 par value, 25,000,000 shares authorized, 7,307,590 shares issued; shares outstanding: 6,411,678 at March 31, 2016; 6,403,058 at December 31, 2015	73	73
Additional paid-in capital	66,515	66,397
Retained earnings - partially restricted	63,851	62,480
Treasury stock—at cost: 895,912 at March 31, 2016; 904,532 at December 31, 2015	(12,573)	(12,694)
Common stock acquired by employee benefits plans	(2,212)	(2,297)
Deferred compensation plans trust	(839)	(783)
Accumulated other comprehensive loss	(971)	(1,387)
Total stockholders' equity	113,844	111,789
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,052,149	$ 1,043,379

UNAUDITED CONDENSED CONSOLIDAT3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Investment securities held to maturity, estimated fair value (in dollars)	$ 919	$ 1,137
Investment securities available for sale, amortized cost (in dollars)	108,102	113,944
Allowance for loan losses (in dollars)	$ 3,220	$ 3,190
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	7,307,590	7,307,590
Common stock, shares outstanding	6,411,678	6,403,058
Treasury stock, shares	895,912	904,532

UNAUDITED CONDENSED CONSOLIDAT4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
INTEREST AND DIVIDEND INCOME:
Taxable interest and fees on loans	$ 8,172	$ 8,172
Taxable interest on mortgage-backed securities	400	358
Non-taxable interest on municipal securities	1	1
Taxable interest and dividends on investments securities	270	256
Total interest and dividend income	8,843	8,787
INTEREST EXPENSE:
Deposits	667	613
Borrowings	897	1,082
Total interest expense	1,564	1,695
NET INTEREST INCOME	7,279	7,092
PROVISION FOR LOAN LOSSES	152	153
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	7,127	6,939
OTHER INCOME:
Service charges	444	507
Cash surrender value of life insurance	154	154
Other	400	388
Total other income	998	1,049
OTHER EXPENSE:
Salaries and employee benefits	3,310	3,299
Occupancy and equipment	1,205	1,249
Federal insurance premiums	145	138
Advertising	90	106
Professional services	302	278
Real estate owned activity	7	(66)
Charitable contributions	44	38
Other operating expenses	388	400
Total other expenses	5,491	5,442
INCOME BEFORE INCOME TAXES	2,634	2,546
INCOME TAXES:
INCOME TAX EXPENSE	878	833
NET INCOME	1,756	1,713
OTHER COMPREHENSIVE INCOME, NET OF TAX:
Unrealized gain (loss) on available for sale securities	414	387
Unrealized gain (loss) on post retirement life benefit	3	5
TOTAL COMPREHENSIVE INCOME	$ 2,173	$ 2,105
Earnings per share, basic: (in dollars per share)	$ 0.29	$ 0.29
Earnings per share, diluted: (in dollars per share)	$ 0.28	$ 0.28

UNAUDITED CONDENSED CONSOLIDAT5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
OPERATING ACTIVITIES:
Net income	$ 1,756	$ 1,713
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	191	266
Provision for loan losses	152	153
Stock based compensation expense	227	250
Cash surrender value of life insurance	(154)	(154)
Loss on disposal of office properties and equipment	0	1
Changes in assets and liabilities which provided (used) cash:
Accrued interest receivable	(115)	(169)
Prepaid expenses and other assets	770	734
Accrued interest payable	(5)	(172)
Other liabilities	166	(817)
Net cash provided by operating activities	2,988	1,805
Principal collected on:
Mortgage-backed securities available for sale	3,762	2,015
Investment securities held to maturity	18	26
Loans originated, net of repayments	(9,674)	3,227
Purchases of:
Investment securities held to maturity	(375)	(402)
Investment securities available for sale	(9,977)	(5,034)
Office properties and equipment	(32)	(96)
Proceeds from sale of:
Real estate owned	344	428
Proceeds from maturities and calls of:
Investment securities held to maturity	577	494
Investment securities available for sale	$ 12,000	$ 0
Cash used for acquisition, net of cash acquired
Net cash (used in) investing activities	$ (3,357)	$ 658
FINANCING ACTIVITIES:
Increase in deposits	6,272	5,814
Dividends paid	(384)	(385)
Purchase of shares by deferred compensation plans trust	(56)	(55)
Purchase of treasury stock	0	(2,456)
Stock options exercised	97	372
Increase in advances from borrowers for taxes and insurance	284	404
Net cash provided by financing activities	6,213	3,694
NET DECREASE IN CASH AND CASH EQUIVALENTS	5,844	6,157
CASH AND CASH EQUIVALENTS—Beginning of period	87,710	80,307
CASH AND CASH EQUIVALENTS—End of period	93,554	86,464
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION—Cash paid during the period for:
Interest	1,545	1,843
Income Taxes	100	2,080
SUPPLEMENTAL DISCLOSURES OF NON-CASH ITEMS
Transfers of loans to real estate owned	$ 788	$ 387

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	"Revenue from Contracts with Customers," 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 2016, the FASB issued ASU 2016-01, “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” In March 2016, the FASB issued ASU 2016-09, “ Compensation - Stock Compensation (Topic 718)”

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	2. INVESTMENT SECURITIES March 31, 2016 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gain Loss Value (Dollars in thousands) Held to Maturity Debt Securities – Municipal $ 375 $ — $ — $ 375 U.S. Treasury and government sponsored entity mortgage-backed securities 489 55 — 544 Totals $ 864 $ 55 $ — $ 919 Available for Sale Debt securities: Corporate $ 7,670 $ 17 $ (1,041) $ 6,646 U.S. Treasury and federal agencies 33 — — 33 Equity securities 3 38 — 41 U.S. treasury and government sponsored entity mortgage-backed securities 100,396 363 (718) 100,041 Totals $ 108,102 $ 418 $ (1,759) $ 106,761 December 31, 2015 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gain Loss Value (Dollars in thousands) Held to Maturity Debt Securities - Municipal $ 577 $ — $ — $ 577 U.S. Treasury and government sponsored entity mortgage-backed securities 507 53 — 560 Totals $ 1,084 $ 53 $ — $ 1,137 Available for Sale Debt securities: Corporate $ 9,660 $ 26 $ (842) $ 8,844 U.S. Treasury and federal agencies 10,033 7 — 10,040 Equity securities 3 39 — 42 U.S. Treasury and government sponsored entity mortgage-backed securities 94,248 223 (1,489) 92,982 Totals $ 113,944 $ 295 $ (2,331) $ 111,908 As of March 31, 2016 and December 31, 2015, the Company had investment securities available for sale with an estimated fair value of $ 104.0 97.9 March 31, 2016 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 $ — $ — $ 2,645 $ (1,041) $ 2,645 $ (1,041) U.S. treasury and government sponsored entity mortgage-backed securities 14,943 (22) 49,433 (696) 64,376 (718) Totals $ 14,943 $ (22) $ 52,078 $ (1,737) $ 67,021 $ (1,759) December 31, 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 $ — $ — $ 2,843 $ (842) $ 2,843 $ (842) U.S. Treasury and government sponsored entity mortgage-backed securities 20,704 (217) 51,821 (1,272) 72,525 (1,489) Totals $ 20,704 $ (217) $ 54,664 $ (2,114) $ 75,368 $ (2,331) Management has reviewed its investment securities as of March 31, 2016 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 March 31, 2016, two single issuer trust preferred securities have been in a continuous unrealized loss position for 12 months or longer. Those securities have aggregate depreciation of 28.3 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 March 31, 2016 the Company had 13 agency mortgage-backed securities with unrealized losses for 12 months or longer. Those securities had aggregate depreciation of 1.4 . The amortized cost and estimated fair value of debt securities available for sale and held to maturity at March 31, 2016 by contractual maturity are shown below. March 31, 2016 Held to Maturity Available for Sale Securities Amortized Estimated Amortized Estimated Cost Fair Value Cost Fair Value (Dollars in thousands) Due within 1 year $ 375 $ 375 $ 3,983 $ 4,000 Due after 1 year through 5 years – – 33 33 Due after 5 years through 10 years – – – – Due after 10 years – – 3,687 2,645 Total $ 375 $ 375 $ 7,703 $ 6,678 Equity securities had a cost of $ 3 41 100.9 100.6

LOANS RECEIVABLE - NET

LOANS RECEIVABLE - NET	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	3 . LOANS RECEIVABLE - NET March 31, 2016 December 31, 2015 (Dollars in thousands) Real estate - mortgage: One-to-four family residential $ 613,761 $ 607,807 Commercial and multi-family 84,639 84,075 Total real estate-mortgage 698,400 691,882 Real estate - construction: Residential 17,755 14,960 Commercial 5,310 3,595 Total real estate - construction 23,065 18,555 Commercial 20,727 21,383 Consumer: Home equity 49,515 51,001 Other consumer loans 282 431 Total consumer loans 49,797 51,432 Total loans 791,989 783,252 Net deferred loan cost 4,015 3,886 Allowance for loan losses (3,220) (3,190) Net total loans $ 792,784 $ 783,948 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. Three months ended March 31, 2016 2015 (Dollars in thousands) Balance, beginning of period $ 3,190 $ 3,760 Provision for loan loss 152 153 Charge-offs (122) (529) Recoveries – – Balance, end of period $ 3,220 $ 3,384 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 pass–rated loans (general pooled allowance) and the criticized and classified loans that continue to perform. Non-performing assets segregated by class of loans are as follows: March 31, 2016 December 31, 2015 (Dollars in thousands) Real estate One-to-four family residential $ 2,753 $ 2,597 Commercial and multi-family 926 1,580 Real estate – construction – 143 Commercial 41 41 Consumer 385 601 Non-accrual loans 4,105 4,962 Troubled debt restructuring, non-accrual 559 708 Total non-performing loans 4,664 5,670 Real estate owned 2,258 1,814 Total non-performing assets $ 6,922 $ 7,484 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, 2016 $ 38,621 $ (2,423) $ 426 $ 36,624 Principal reductions (845) — — (845) Charge-offs, net (501) 501 — — Accretion of loan discount (premium) — — (27) (27) Transfer between nonaccretable and accretable yield — — — — Balance at March 31, 2016 $ 37,275 $ (1,922) $ 399 $ 35,752 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 (1,325) — — (1,325) Charge-offs, net (62) 62 — — Accretion of loan discount (premium) — — (29) (29) Transfer between nonaccretable and accretable yield — — — — Balance at March 31, 2015 $ 42,829 $ (2,478) $ 513 $ 40,864 30-59 Days 60-89 Days Greater Total Past Current Total Loans (Dollars in thousands) March 31, 2016 Real Estate 1-4 Family Residential $ 962 $ — $ 3,123 $ 4,085 $ 609,676 $ 613,761 Commercial and Multi-Family — — 926 926 83,713 84,639 Construction — — — — 23,065 23,065 Commercial — — 41 41 20,686 20,727 Consumer 87 124 385 596 49,201 49,797 Total $ 1,049 $ 124 $ 4,475 $ 5,648 $ 786,341 $ 791,989 December 31, 2015 Real Estate 1-4 Family Residential $ 1,483 $ — $ 2,968 $ 4,451 $ 603,356 $ 607,807 Commercial and Multi-Family — — 1,580 1,580 82,495 84,075 Construction — — 143 143 18,412 18,555 Commercial — — 41 41 21,342 21,383 Consumer 93 21 601 715 50,717 51,432 Total $ 1,576 $ 21 $ 5,333 $ 6,930 $ 776,322 $ 783,252 Recorded Unpaid Related Average (Dollars in thousands) March 31, 2016 With no related allowance recorded Real Estate 1-4 Family Residential $ 5,420 $ 5,588 $ — $ 143 Commercial and Multi-Family 704 704 — 176 Construction 143 143 — 143 Commercial 41 41 — 41 Consumer 903 903 — 56 With an allowance recorded Real Estate 1-4 Family Residential 3,459 3,539 624 288 Commercial and Multi-Family 472 497 103 236 Construction — — — — Commercial 174 174 4 174 Consumer 324 446 56 65 Total Real Estate 1-4 Family Residential $ 8,879 $ 9,127 $ 624 $ 178 Commercial and Multi-Family 1,176 1,201 103 196 Construction 143 143 — 143 Commercial 215 215 4 107 Consumer 1,227 1,349 56 58 December 31, 2015 With no related allowance recorded Real Estate 1-4 Family Residential $ 6,103 $ 6,320 $ — $ 153 Commercial and Multi-Family 1,545 1,545 — 257 Construction 143 143 — 143 Commercial 41 41 — 41 Consumer 1,187 1,187 — 66 With an allowance recorded Real Estate 1-4 Family Residential 3,758 3,868 599 268 Commercial and Multi-Family 285 310 23 285 Construction — — — — Commercial 179 179 4 179 Consumer 434 479 179 72 Total Real Estate 1-4 Family Residential $ 9,861 $ 10,188 $ 599 $ 183 Commercial and Multi-Family 1,830 1,855 23 261 Construction 143 143 — 143 Commercial 220 220 4 110 Consumer 1,621 1,666 179 68 Included in the Company’s loan portfolio are modified commercial loans. Per FASB ASC 310-40, Troubled Debt Restructuring (“TDR”), a modification is one in which the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider, such as providing for a below market interest rate and/or forgiving principal or previously accrued interest; this modification may stem from an agreement or be imposed by law or a court, and may involve a multiple note structure. Generally, prior to the modification, the loans which are modified as a TDR are already classified as non-performing. These loans may only be returned to performing (i.e. accrual status) after considering the borrower’s sustained repayment performance for a reasonable amount of time, generally six months; this sustained repayment performance may include the period of time just prior to the restructuring. As of March 31, 2016, the Company entered into 20 TDR agreements with a total carrying value of $ 4.3 559 37 As of March 31, 2016 As of December 31, 2015 Outstanding Recorded Investment Outstanding Recorded Investment Number of Pre- Post- Number of Pre- Post- (Dollars in thousands) (Dollars in thousands) 1-4 Family Residential 10 $ 3,256 $ 3,256 10 $ 3,378 $ 3,378 Commercial Mortgage 2 250 250 2 250 250 Consumer 7 617 617 7 621 621 Commercial 1 174 174 1 179 179 Total 20 $ 4,297 $ 4,297 20 $ 4,428 $ 4,428 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. Real Estate 1-4 Family Commercial Residential and Multi-Family Construction Commercial Consumer 3/31/2016 12/31/2015 3/31/2016 12/31/2015 3/31/2016 12/31/2015 3/31/2016 12/31/2015 3/31/2016 12/31/2015 (Dollars in thousands) Grade: Special Mention $ 2,123 $ 3,182 $ 1,104 $ 321 $ — $ — $ — $ — $ 728 $ 807 Substandard 7,994 7,916 2,886 3,989 143 143 552 557 925 1,272 Doubtful and Loss — — — — — — — — — — Total $ 10,117 $ 11,098 $ 3,990 $ 4,310 $ 143 $ 143 $ 552 $ 557 $ 1,653 $ 2,079 Real Estate 1-4 Family Commercial Residential and Multi-Family Construction Commercial Consumer 3/31/2016 12/31/2015 3/31/2016 12/31/2015 3/31/2016 12/31/2015 3/31/2016 12/31/2015 3/31/2016 12/31/2015 (Dollars in thousands) Performing $ 611,008 $ 605,210 $ 83,713 $ 82,495 $ 23,065 $ 18,412 $ 20,686 $ 21,342 $ 49,412 $ 50,831 Non-Performing 2,753 2,597 726 1,580 — 143 41 41 385 601 Total $ 613,761 $ 607,807 $ 84,639 $ 84,075 $ 23,065 $ 18,555 $ 20,727 $ 21,383 $ 49,797 $ 51,432 Real Estate Commercial 1-4 Family and Residential Multi-Family Construction Commercial Consumer Total (Dollars in thousands) March 31, 2016 Allowance for credit losses: Beginning Balance $ 2,051 $ 240 $ 25 $ 236 $ 638 $ 3,190 Charge-offs (46) — — — (76) (122) Recoveries — — — — — — Provision for loan losses 56 98 8 119 (129) 152 Ending balance $ 2,061 $ 338 $ 33 $ 355 $ 433 $ 3,220 Ending balance: individually evaluated for impairment $ 624 $ 103 $ — $ 4 $ 56 $ 787 Ending balance: collectively evaluated for impairment $ 1,437 $ 235 $ 33 $ 351 $ 377 $ 2,433 Loan Receivables: Ending balance $ 613,761 $ 84,639 $ 23,065 $ 20,727 $ 49,797 $ 791,989 Ending balance: individually evaluated for impairment $ 8,879 $ 1,176 $ 143 $ 215 $ 1,227 $ 11,640 Ending balance: collectively evaluated for impairment $ 604,882 $ 83,463 $ 22,922 $ 20,512 $ 48,570 $ 780,349 December 31, 2015 Allowance for credit losses: Beginning Balance $ 2,318 $ 625 $ 33 $ 380 $ 404 $ 3,760 Charge-offs (683) (25) — (306) (245) (1,259) Recoveries — — — — — — Provision for loan losses 416 (360) (8) 162 479 689 Ending balance $ 2,051 $ 240 $ 25 $ 236 $ 638 $ 3,190 Ending balance: individually evaluated for impairment $ 599 $ 23 $ — $ 4 $ 178 $ 804 Ending balance: collectively evaluated for impairment $ 1,452 $ 217 $ 25 $ 232 $ 460 $ 2,386 Loan Receivables: Ending balance $ 607,807 $ 84,075 $ 18,555 $ 21,383 $ 51,432 $ 783,252 Ending balance: individually evaluated for impairment $ 9,861 $ 1,830 $ 143 $ 220 $ 1,621 $ 13,675 Ending balance: collectively evaluated for impairment $ 597,946 $ 82,245 $ 18,412 $ 21,163 $ 49,811 $ 769,577

DEPOSITS

DEPOSITS	3 Months Ended
	Mar. 31, 2016
Banking and Thrift [Abstract]
Deposit Liabilities Disclosures [Text Block]	4. DEPOSITS March 31, 2016 December 31, 2015 Weighted Weighted Average Average Amount Interest Rate Amount Interest Rate (Dollars in thousands) NOW and other demand deposit accounts $ 454,843 0.13 % $ 457,488 0.13 % Passbook savings and club accounts 179,350 0.20 % 174,640 0.20 % Subtotal 634,193 632,128 Certificates with original maturities: Within one year 28,085 0.30 % 29,341 0.30 % One to three years 133,103 1.03 % 127,813 1.03 % Three years and beyond 22,924 1.56 % 22,751 1.56 % Total certificates 184,112 179,905 Total $ 818,305 $ 812,033 The aggregate amount of certificate accounts in denominations of $100 thousand or more at March 31, 2016 and December 31, 2015 amounted to $ 72.9 70.6 250 Municipal demand deposit accounts in denominations of $100 thousand or more at March 31, 2016 and December 31, 2015 amounted to $ 187.7 194.6

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	5. 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 March 31, 2016 2015 (Dollars in thousands, except per share data) Numerator – Net Income $ 1,756 $ 1,713 Denominators: Basic average shares outstanding 6,127,162 5,985,347 Effect of dilutive common stock equivalents 108,609 109,830 Diluted average shares outstanding 6,235,771 6,095,177 Earnings per share: Basic $ 0.29 $ 0.29 Diluted $ 0.28 $ 0.28 At March 31, 2016 and 2015, there were 280,979 575,142 88,648 53,960

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2016
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. The Company establishes fair value for its equity awards to determine their cost. The Company recognizes the related expense for employees over the appropriate vesting period, or when applicable, service period. However, consistent with the stock compensation topic of the FASB Accounting Standards Codification, the amount of stock-based compensation recognized at any date must at least equal the portion of the grant date value of the award that is vested at that date and as a result it may be necessary to recognize the expense using a ratable method. In accordance with FASB ASC 505-50, Equity-Based Payments to Non-Employees, the compensation expense for non-employees is recognized on the grant date, or when applicable, the service period. 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. A summary of the status of the Company’s stock options under the Equity Plans as of March 31, 2016 and 2015 and changes during the three months ended March 31, 2016 and 2015 are presented below: Three Months Ended Three Months Ended Number Weighted Number Weighted Outstanding at the beginning of the period 380,407 $ 11.46 674,391 $ 12.15 Granted — — — — Exercised 8,620 11.24 28,668 12.97 Forfeited 2,160 13.56 — — Outstanding at the end of the period 369,627 $ 11.45 645,723 $ 12.11 Exercisable at the end of the period 317,273 $ 11.10 515,964 $ 12.07 Stock options vested or expected to vest (1) 285,546 $ 11.10 464,368 $ 12.07 (1) Includes vested shares and nonvested shares after a forfeiture rate, which is based upon historical data, is applied. The following table summarizes all stock options outstanding under the Equity Plans as of March 31, 2016: Options Outstanding Date Issued Number of Weighted Average Weighted Average November 21, 2006 14,506 $ 14.78 0.6 years November 20, 2007 17,274 $ 11.32 1.6 years August 18, 2010 202,959 $ 10.21 4.4 years March 15, 2011 13,600 $ 12.06 5.0 years August 17, 2011 43,998 $ 11.53 5.4 years November 19, 2012 14,100 $ 13.10 6.6 years November 19, 2013 63,190 $ 14.14 7.6 years Total 369,627 $ 11.45 4.9 years The compensation expense recognized for the three months ended March 31, 2016 was $45 thousand as compared to $46 thousand for the three months ended March 31, 2015. At March 31, 2016, there was $208 thousand of total unrecognized compensation cost related to options granted under the stock option plans. That cost is expected to be recognized over a weighted average period of 1.4 years. Summary of Non-vested Stock Award Activity: Three Months ended Three Months ended Number of Weighted avg Number of Weighted avg Outstanding at the beginning of period 26,610 $ 14.06 54,950 $ 10.74 Issued — — — — Forfeited — — — — Vested 990 $ 12.06 990 $ 12.06 Outstanding at the end of the period 25,620 $ 14.14 53,960 $ 12.73 The compensation expense recognized for the three months ended March 31, 2016 was $33 thousand as compared to $81 thousand for the three months ended March 31, 2015. As of March 31, 2016, there was $317 thousand of total unrecognized compensation costs related to nonvested stock awards. That cost is expected to be recognized over a weighted average period of 3 years.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	7. INCOME TAXES Income tax expense was $ 878 33.3 833 32.7 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 March 31, 2016 and December 31, 2015, 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 March 31, 2016, the tax years ended December 31, 2012 through 2015 were subject to examination by the Internal Revenue Service, while the tax years ended December 31, 2011 through 2015 were subject to New Jersey examination.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Stockholders Equity Note Disclosure [Text Block]	8. STOCKHOLDERS’ EQUITY During the first quarter of 2016, the Board of Directors of the Company declared a cash dividend of $ 0.06 No reclassification adjustments were recognized in Accumulated Other Comprehensive Income during the three months ended March 31, 2016 and 2015. Unrealized Loss on Post Accumulated (Dollars in thousands) Beginning balance - 01/01/2016 $ (1,255) $ (133) $ (1,388) Current period change 696 3 699 Tax benefit (282) - (282) Ending balance – 03/31/2016 $ (841) $ (130) $ (971) Unrealized Loss on Post Accumulated (Dollars in thousands) Beginning balance - 01/01/2015 $ (1,282) $ (169) $ (1,451) Current period change 644 5 649 Tax benefit (257) - (257) Ending balance – 03/31/2015 $ (895) $ (164) $ (1,059)

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2016
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. March 31, 2016 Category Used for Fair Value Measurement Assets: Level 1 Level 2 Level 3 (Dollars in thousands) Securities available for sale: U.S. government sponsored entity mortgage-backed securities $ — $ 100,041 $ — U.S. Treasury and federal agencies — 33 — Corporate securities — 6,646 — Equity securities 41 — — Totals $ 41 $ 106,720 $ — December 31, 2015 Category Used for Fair Value Measurement Assets: Level 1 Level 2 Level 3 (Dollars in thousands) Securities available for sale: U.S. government sponsored entity mortgage-backed securities $ — $ 92,982 $ — U.S. Treasury and federal agencies — 10,040 — Corporate securities — 8,844 — Equity securities 42 — — Totals $ 42 $ 111,866 $ — 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. Total Category Used for Fair Value (Losses) Measurement Gains Total Level 1 Level 2 Level 3 (Dollars in thousands) March 31, 2016 Assets: Impaired loans $ 3,642 $ - $ 539 $ 3,103 $ (25) Real estate owned 788 - 678 110 (46) March 31, 2015 Assets: Impaired loans $ 5,263 $ - $ 3,321 $ 1,942 $ (66) Real estate owned 195 - 195 - (306) 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 March 31, 2016, total loans remeasured at fair value were $ 3.6 3.7 25 5.3 5.3 66 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 three months ended March 31, 2016 was $ 788 834 46 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 March 31, 2016 Carrying Amount Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Cash and cash equivalents $ 93,554 $ 93,554 $ — $ — Investment securities: Held to maturity 864 — 919 — Available for sale 106,761 41 106,720 — Loans receivable, net 792,784 — 811,123 — Federal Home Loan Bank stock 5,864 — 5,864 — Liabilities: NOW and other demand deposit accounts 454,843 — 445,681 — Passbook savings and club accounts 179,350 — 173,355 — Certificates 184,112 — 185,087 — Advances from Federal Home Loan Bank 105,000 — 112,447 — Category Used For Fair Value December 31, 2015 Carrying Amount Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Cash and cash equivalents $ 87,710 $ 87,710 $ — $ — Investment securities: Held to maturity 1,084 — 1,137 — Available for sale 111,908 42 111,866 — Loans receivable, net 783,948 — 793,597 — Federal Home Loan Bank stock 5,864 — 5,864 — Liabilities: NOW and other demand deposit accounts 457,488 — 476,186 — Passbook savings and club accounts 174,640 — 183,352 — Certificates 179,905 — 180,624 — Advances from Federal Home Loan Bank 105,000 — 111,315 — 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 March 31, 2016. 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. 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 March 31, 2016 and December 31, 2015. Although management is not aware of any factors that would significantly affect the fair value amounts, such amounts have not been comprehensively revalued for purposes of these consolidated financial statements since March 31, 2016 and December 31, 2015, and, therefore, current estimates of fair value may differ significantly from the amounts presented herein.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	10. GOODWILL AND INTANGIBLE ASSETS Goodwill totaled $ 4.6 4.6 The core deposit intangible totaled $ 416 440 15

REAL ESTATE OWNED

REAL ESTATE OWNED	3 Months Ended
	Mar. 31, 2016
Real Estate [Abstract]
Real Estate Disclosure [Text Block]	11. REAL ESTATE OWNED 2016 2015 Residential Commercial Residential Commercial Property Property Total Property Property Total (Dollars in thousands) (Dollars in thousands) Balance, January 1, $ 1,773 $ 41 $ 1,814 $ 609 $ 41 $ 650 Transfers into REO 110 678 788 192 195 387 Sales of REO (344) - (344) (429) - (429) Balance, March 31, $ 1,539 $ 719 $ 2,258 $ 372 $ 236 $ 608

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Financial Statement Presentation
Use of Estimates, Policy [Policy Text Block]	Use of Estimates in the Preparation of Financial Statements
New Accounting Pronouncements Policy [Policy Text Block]	"Revenue from Contracts with Customers," 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 2016, the FASB issued ASU 2016-01, “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” In March 2016, the FASB issued ASU 2016-09, “ Compensation - Stock Compensation (Topic 718)”

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2016
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: March 31, 2016 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gain Loss Value (Dollars in thousands) Held to Maturity Debt Securities – Municipal $ 375 $ — $ — $ 375 U.S. Treasury and government sponsored entity mortgage-backed securities 489 55 — 544 Totals $ 864 $ 55 $ — $ 919 Available for Sale Debt securities: Corporate $ 7,670 $ 17 $ (1,041) $ 6,646 U.S. Treasury and federal agencies 33 — — 33 Equity securities 3 38 — 41 U.S. treasury and government sponsored entity mortgage-backed securities 100,396 363 (718) 100,041 Totals $ 108,102 $ 418 $ (1,759) $ 106,761 December 31, 2015 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gain Loss Value (Dollars in thousands) Held to Maturity Debt Securities - Municipal $ 577 $ — $ — $ 577 U.S. Treasury and government sponsored entity mortgage-backed securities 507 53 — 560 Totals $ 1,084 $ 53 $ — $ 1,137 Available for Sale Debt securities: Corporate $ 9,660 $ 26 $ (842) $ 8,844 U.S. Treasury and federal agencies 10,033 7 — 10,040 Equity securities 3 39 — 42 U.S. Treasury and government sponsored entity mortgage-backed securities 94,248 223 (1,489) 92,982 Totals $ 113,944 $ 295 $ (2,331) $ 111,908
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 March 31, 2016 and December 31, 2015: March 31, 2016 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 $ — $ — $ 2,645 $ (1,041) $ 2,645 $ (1,041) U.S. treasury and government sponsored entity mortgage-backed securities 14,943 (22) 49,433 (696) 64,376 (718) Totals $ 14,943 $ (22) $ 52,078 $ (1,737) $ 67,021 $ (1,759) December 31, 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 $ — $ — $ 2,843 $ (842) $ 2,843 $ (842) U.S. Treasury and government sponsored entity mortgage-backed securities 20,704 (217) 51,821 (1,272) 72,525 (1,489) Totals $ 20,704 $ (217) $ 54,664 $ (2,114) $ 75,368 $ (2,331)
Schedule of Contractual Maturities of Available-for-sale Debt Securities [Table Text Block]	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. March 31, 2016 Held to Maturity Available for Sale Securities Amortized Estimated Amortized Estimated Cost Fair Value Cost Fair Value (Dollars in thousands) Due within 1 year $ 375 $ 375 $ 3,983 $ 4,000 Due after 1 year through 5 years – – 33 33 Due after 5 years through 10 years – – – – Due after 10 years – – 3,687 2,645 Total $ 375 $ 375 $ 7,703 $ 6,678

LOANS RECEIVABLE - NET (Tables)

LOANS RECEIVABLE - NET (Tables)	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Loans receivable consist of the following: March 31, 2016 December 31, 2015 (Dollars in thousands) Real estate - mortgage: One-to-four family residential $ 613,761 $ 607,807 Commercial and multi-family 84,639 84,075 Total real estate-mortgage 698,400 691,882 Real estate - construction: Residential 17,755 14,960 Commercial 5,310 3,595 Total real estate - construction 23,065 18,555 Commercial 20,727 21,383 Consumer: Home equity 49,515 51,001 Other consumer loans 282 431 Total consumer loans 49,797 51,432 Total loans 791,989 783,252 Net deferred loan cost 4,015 3,886 Allowance for loan losses (3,220) (3,190) Net total loans $ 792,784 $ 783,948
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Changes in the allowance for loan losses are as follows: Three months ended March 31, 2016 2015 (Dollars in thousands) Balance, beginning of period $ 3,190 $ 3,760 Provision for loan loss 152 153 Charge-offs (122) (529) Recoveries – – Balance, end of period $ 3,220 $ 3,384
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	Non-performing assets segregated by class of loans are as follows: March 31, 2016 December 31, 2015 (Dollars in thousands) Real estate One-to-four family residential $ 2,753 $ 2,597 Commercial and multi-family 926 1,580 Real estate – construction – 143 Commercial 41 41 Consumer 385 601 Non-accrual loans 4,105 4,962 Troubled debt restructuring, non-accrual 559 708 Total non-performing loans 4,664 5,670 Real estate owned 2,258 1,814 Total non-performing assets $ 6,922 $ 7,484
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, 2016 $ 38,621 $ (2,423) $ 426 $ 36,624 Principal reductions (845) — — (845) Charge-offs, net (501) 501 — — Accretion of loan discount (premium) — — (27) (27) Transfer between nonaccretable and accretable yield — — — — Balance at March 31, 2016 $ 37,275 $ (1,922) $ 399 $ 35,752 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 (1,325) — — (1,325) Charge-offs, net (62) 62 — — Accretion of loan discount (premium) — — (29) (29) Transfer between nonaccretable and accretable yield — — — — Balance at March 31, 2015 $ 42,829 $ (2,478) $ 513 $ 40,864
Past Due Financing Receivables [Table Text Block]	An age analysis of past due loans, segregated by class of loans, as of March 31, 2016 and December 31, 2015 are as follows: 30-59 Days 60-89 Days Greater Total Past Current Total Loans (Dollars in thousands) March 31, 2016 Real Estate 1-4 Family Residential $ 962 $ — $ 3,123 $ 4,085 $ 609,676 $ 613,761 Commercial and Multi-Family — — 926 926 83,713 84,639 Construction — — — — 23,065 23,065 Commercial — — 41 41 20,686 20,727 Consumer 87 124 385 596 49,201 49,797 Total $ 1,049 $ 124 $ 4,475 $ 5,648 $ 786,341 $ 791,989 December 31, 2015 Real Estate 1-4 Family Residential $ 1,483 $ — $ 2,968 $ 4,451 $ 603,356 $ 607,807 Commercial and Multi-Family — — 1,580 1,580 82,495 84,075 Construction — — 143 143 18,412 18,555 Commercial — — 41 41 21,342 21,383 Consumer 93 21 601 715 50,717 51,432 Total $ 1,576 $ 21 $ 5,333 $ 6,930 $ 776,322 $ 783,252
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. Recorded Unpaid Related Average (Dollars in thousands) March 31, 2016 With no related allowance recorded Real Estate 1-4 Family Residential $ 5,420 $ 5,588 $ — $ 143 Commercial and Multi-Family 704 704 — 176 Construction 143 143 — 143 Commercial 41 41 — 41 Consumer 903 903 — 56 With an allowance recorded Real Estate 1-4 Family Residential 3,459 3,539 624 288 Commercial and Multi-Family 472 497 103 236 Construction — — — — Commercial 174 174 4 174 Consumer 324 446 56 65 Total Real Estate 1-4 Family Residential $ 8,879 $ 9,127 $ 624 $ 178 Commercial and Multi-Family 1,176 1,201 103 196 Construction 143 143 — 143 Commercial 215 215 4 107 Consumer 1,227 1,349 56 58 December 31, 2015 With no related allowance recorded Real Estate 1-4 Family Residential $ 6,103 $ 6,320 $ — $ 153 Commercial and Multi-Family 1,545 1,545 — 257 Construction 143 143 — 143 Commercial 41 41 — 41 Consumer 1,187 1,187 — 66 With an allowance recorded Real Estate 1-4 Family Residential 3,758 3,868 599 268 Commercial and Multi-Family 285 310 23 285 Construction — — — — Commercial 179 179 4 179 Consumer 434 479 179 72 Total Real Estate 1-4 Family Residential $ 9,861 $ 10,188 $ 599 $ 183 Commercial and Multi-Family 1,830 1,855 23 261 Construction 143 143 — 143 Commercial 220 220 4 110 Consumer 1,621 1,666 179 68
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	The following table presents an analysis of the Company’s TDR agreements existing as of March 31, 2016 and December 31, 2015, respectively. As of March 31, 2016 As of December 31, 2015 Outstanding Recorded Investment Outstanding Recorded Investment Number of Pre- Post- Number of Pre- Post- (Dollars in thousands) (Dollars in thousands) 1-4 Family Residential 10 $ 3,256 $ 3,256 10 $ 3,378 $ 3,378 Commercial Mortgage 2 250 250 2 250 250 Consumer 7 617 617 7 621 621 Commercial 1 174 174 1 179 179 Total 20 $ 4,297 $ 4,297 20 $ 4,428 $ 4,428
Schedule of Financial Receivable, Reported Amounts, by Category [Table Text Block]	The following table presents classified loans by class of loans as of March 31, 2016 and December 31, 2015. Real Estate 1-4 Family Commercial Residential and Multi-Family Construction Commercial Consumer 3/31/2016 12/31/2015 3/31/2016 12/31/2015 3/31/2016 12/31/2015 3/31/2016 12/31/2015 3/31/2016 12/31/2015 (Dollars in thousands) Grade: Special Mention $ 2,123 $ 3,182 $ 1,104 $ 321 $ — $ — $ — $ — $ 728 $ 807 Substandard 7,994 7,916 2,886 3,989 143 143 552 557 925 1,272 Doubtful and Loss — — — — — — — — — — Total $ 10,117 $ 11,098 $ 3,990 $ 4,310 $ 143 $ 143 $ 552 $ 557 $ 1,653 $ 2,079
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 March 31, 2016 and December 31, 2015. Real Estate 1-4 Family Commercial Residential and Multi-Family Construction Commercial Consumer 3/31/2016 12/31/2015 3/31/2016 12/31/2015 3/31/2016 12/31/2015 3/31/2016 12/31/2015 3/31/2016 12/31/2015 (Dollars in thousands) Performing $ 611,008 $ 605,210 $ 83,713 $ 82,495 $ 23,065 $ 18,412 $ 20,686 $ 21,342 $ 49,412 $ 50,831 Non-Performing 2,753 2,597 726 1,580 — 143 41 41 385 601 Total $ 613,761 $ 607,807 $ 84,639 $ 84,075 $ 23,065 $ 18,555 $ 20,727 $ 21,383 $ 49,797 $ 51,432
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 March 31, 2016 and December 31, 2015. 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) March 31, 2016 Allowance for credit losses: Beginning Balance $ 2,051 $ 240 $ 25 $ 236 $ 638 $ 3,190 Charge-offs (46) — — — (76) (122) Recoveries — — — — — — Provision for loan losses 56 98 8 119 (129) 152 Ending balance $ 2,061 $ 338 $ 33 $ 355 $ 433 $ 3,220 Ending balance: individually evaluated for impairment $ 624 $ 103 $ — $ 4 $ 56 $ 787 Ending balance: collectively evaluated for impairment $ 1,437 $ 235 $ 33 $ 351 $ 377 $ 2,433 Loan Receivables: Ending balance $ 613,761 $ 84,639 $ 23,065 $ 20,727 $ 49,797 $ 791,989 Ending balance: individually evaluated for impairment $ 8,879 $ 1,176 $ 143 $ 215 $ 1,227 $ 11,640 Ending balance: collectively evaluated for impairment $ 604,882 $ 83,463 $ 22,922 $ 20,512 $ 48,570 $ 780,349 December 31, 2015 Allowance for credit losses: Beginning Balance $ 2,318 $ 625 $ 33 $ 380 $ 404 $ 3,760 Charge-offs (683) (25) — (306) (245) (1,259) Recoveries — — — — — — Provision for loan losses 416 (360) (8) 162 479 689 Ending balance $ 2,051 $ 240 $ 25 $ 236 $ 638 $ 3,190 Ending balance: individually evaluated for impairment $ 599 $ 23 $ — $ 4 $ 178 $ 804 Ending balance: collectively evaluated for impairment $ 1,452 $ 217 $ 25 $ 232 $ 460 $ 2,386 Loan Receivables: Ending balance $ 607,807 $ 84,075 $ 18,555 $ 21,383 $ 51,432 $ 783,252 Ending balance: individually evaluated for impairment $ 9,861 $ 1,830 $ 143 $ 220 $ 1,621 $ 13,675 Ending balance: collectively evaluated for impairment $ 597,946 $ 82,245 $ 18,412 $ 21,163 $ 49,811 $ 769,577

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
	Mar. 31, 2016
Banking and Thrift [Abstract]
Deposit Liabilities Disclosure [Table Text Block]	Deposits consist of the following major classifications: March 31, 2016 December 31, 2015 Weighted Weighted Average Average Amount Interest Rate Amount Interest Rate (Dollars in thousands) NOW and other demand deposit accounts $ 454,843 0.13 % $ 457,488 0.13 % Passbook savings and club accounts 179,350 0.20 % 174,640 0.20 % Subtotal 634,193 632,128 Certificates with original maturities: Within one year 28,085 0.30 % 29,341 0.30 % One to three years 133,103 1.03 % 127,813 1.03 % Three years and beyond 22,924 1.56 % 22,751 1.56 % Total certificates 184,112 179,905 Total $ 818,305 $ 812,033

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 2015 (Dollars in thousands, except per share data) Numerator – Net Income $ 1,756 $ 1,713 Denominators: Basic average shares outstanding 6,127,162 5,985,347 Effect of dilutive common stock equivalents 108,609 109,830 Diluted average shares outstanding 6,235,771 6,095,177 Earnings per share: Basic $ 0.29 $ 0.29 Diluted $ 0.28 $ 0.28

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 and 2015 and changes during the three months ended March 31, 2016 and 2015 are presented below: Three Months Ended Three Months Ended Number Weighted Number Weighted Outstanding at the beginning of the period 380,407 $ 11.46 674,391 $ 12.15 Granted — — — — Exercised 8,620 11.24 28,668 12.97 Forfeited 2,160 13.56 — — Outstanding at the end of the period 369,627 $ 11.45 645,723 $ 12.11 Exercisable at the end of the period 317,273 $ 11.10 515,964 $ 12.07 Stock options vested or expected to vest (1) 285,546 $ 11.10 464,368 $ 12.07 (1) Includes vested shares and nonvested 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 Plans as of March 31, 2016: Options Outstanding Date Issued Number of Weighted Average Weighted Average November 21, 2006 14,506 $ 14.78 0.6 years November 20, 2007 17,274 $ 11.32 1.6 years August 18, 2010 202,959 $ 10.21 4.4 years March 15, 2011 13,600 $ 12.06 5.0 years August 17, 2011 43,998 $ 11.53 5.4 years November 19, 2012 14,100 $ 13.10 6.6 years November 19, 2013 63,190 $ 14.14 7.6 years Total 369,627 $ 11.45 4.9 years
Schedule of Nonvested Share Activity [Table Text Block]	Summary of Non-vested Stock Award Activity: Three Months ended Three Months ended Number of Weighted avg Number of Weighted avg Outstanding at the beginning of period 26,610 $ 14.06 54,950 $ 10.74 Issued — — — — Forfeited — — — — Vested 990 $ 12.06 990 $ 12.06 Outstanding at the end of the period 25,620 $ 14.14 53,960 $ 12.73

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2016
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 three months ended March 31, 2016 and 2015 are presented below: Unrealized Loss on Post Accumulated (Dollars in thousands) Beginning balance - 01/01/2016 $ (1,255) $ (133) $ (1,388) Current period change 696 3 699 Tax benefit (282) - (282) Ending balance – 03/31/2016 $ (841) $ (130) $ (971) Unrealized Loss on Post Accumulated (Dollars in thousands) Beginning balance - 01/01/2015 $ (1,282) $ (169) $ (1,451) Current period change 644 5 649 Tax benefit (257) - (257) Ending balance – 03/31/2015 $ (895) $ (164) $ (1,059)

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 and December 31, 2015: March 31, 2016 Category Used for Fair Value Measurement Assets: Level 1 Level 2 Level 3 (Dollars in thousands) Securities available for sale: U.S. government sponsored entity mortgage-backed securities $ — $ 100,041 $ — U.S. Treasury and federal agencies — 33 — Corporate securities — 6,646 — Equity securities 41 — — Totals $ 41 $ 106,720 $ — December 31, 2015 Category Used for Fair Value Measurement Assets: Level 1 Level 2 Level 3 (Dollars in thousands) Securities available for sale: U.S. government sponsored entity mortgage-backed securities $ — $ 92,982 $ — U.S. Treasury and federal agencies — 10,040 — Corporate securities — 8,844 — Equity securities 42 — — Totals $ 42 $ 111,866 $ —
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]	Summary of Non-Recurring Fair Value Measurements Total Category Used for Fair Value (Losses) Measurement Gains Total Level 1 Level 2 Level 3 (Dollars in thousands) March 31, 2016 Assets: Impaired loans $ 3,642 $ - $ 539 $ 3,103 $ (25) Real estate owned 788 - 678 110 (46) March 31, 2015 Assets: Impaired loans $ 5,263 $ - $ 3,321 $ 1,942 $ (66) Real estate owned 195 - 195 - (306)
Fair Value, by Balance Sheet Grouping [Table Text Block]	The following table summarizes these results: Category Used For Fair Value March 31, 2016 Carrying Amount Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Cash and cash equivalents $ 93,554 $ 93,554 $ — $ — Investment securities: Held to maturity 864 — 919 — Available for sale 106,761 41 106,720 — Loans receivable, net 792,784 — 811,123 — Federal Home Loan Bank stock 5,864 — 5,864 — Liabilities: NOW and other demand deposit accounts 454,843 — 445,681 — Passbook savings and club accounts 179,350 — 173,355 — Certificates 184,112 — 185,087 — Advances from Federal Home Loan Bank 105,000 — 112,447 — Category Used For Fair Value December 31, 2015 Carrying Amount Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Cash and cash equivalents $ 87,710 $ 87,710 $ — $ — Investment securities: Held to maturity 1,084 — 1,137 — Available for sale 111,908 42 111,866 — Loans receivable, net 783,948 — 793,597 — Federal Home Loan Bank stock 5,864 — 5,864 — Liabilities: NOW and other demand deposit accounts 457,488 — 476,186 — Passbook savings and club accounts 174,640 — 183,352 — Certificates 179,905 — 180,624 — Advances from Federal Home Loan Bank 105,000 — 111,315 —

REAL ESTATE OWNED (Tables)

REAL ESTATE OWNED (Tables)	3 Months Ended
	Mar. 31, 2016
Real Estate [Abstract]
Schedule of Real Estate Properties [Table Text Block]	Summary of Real Estate Owned (“REO”): 2016 2015 Residential Commercial Residential Commercial Property Property Total Property Property Total (Dollars in thousands) (Dollars in thousands) Balance, January 1, $ 1,773 $ 41 $ 1,814 $ 609 $ 41 $ 650 Transfers into REO 110 678 788 192 195 387 Sales of REO (344) - (344) (429) - (429) Balance, March 31, $ 1,539 $ 719 $ 2,258 $ 372 $ 236 $ 608

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Held to Maturity
Held to Maturity, Amortized Cost	$ 864	$ 1,084
Held to Maturity, Gross Unrealized Gain	55	53
Held to Maturity, Gross Unrealized Loss	0	0
Held to Maturity, Estimated Fair Value	919	1,137
Available for Sale
Available for Sale, Amortized Cost	108,102	113,944
Available for Sale, Gross Unrealized Gain	418	295
Available for Sale, Gross Unrealized Loss	(1,759)	(2,331)
Available for Sale, Estimated Fair Value	106,761	111,908
US treasury and government sponsored entity mortgage-backed securities [Member]
Held to Maturity
Held to Maturity, Amortized Cost	489	507
Held to Maturity, Gross Unrealized Gain	55	53
Held to Maturity, Gross Unrealized Loss	0	0
Held to Maturity, Estimated Fair Value	544	560
Available for Sale
Available for Sale, Amortized Cost	100,396	94,248
Available for Sale, Gross Unrealized Gain	363	223
Available for Sale, Gross Unrealized Loss	(718)	(1,489)
Available for Sale, Estimated Fair Value	100,041	92,982
Corporate [Member]
Available for Sale
Available for Sale, Amortized Cost	7,670	9,660
Available for Sale, Gross Unrealized Gain	17	26
Available for Sale, Gross Unrealized Loss	(1,041)	(842)
Available for Sale, Estimated Fair Value	6,646	8,844
U.S. Treasury and federal agencies [Member]
Available for Sale
Available for Sale, Amortized Cost	33	10,033
Available for Sale, Gross Unrealized Gain	0	7
Available for Sale, Gross Unrealized Loss	0	0
Available for Sale, Estimated Fair Value	33	10,040
Equity Securities [Member]
Available for Sale
Available for Sale, Amortized Cost	3	3
Available for Sale, Gross Unrealized Gain	38	39
Available for Sale, Gross Unrealized Loss	0	0
Available for Sale, Estimated Fair Value	41	42
Debt Securities - Municipal [Member]
Held to Maturity
Held to Maturity, Amortized Cost	375	577
Held to Maturity, Gross Unrealized Gain	0	0
Held to Maturity, Gross Unrealized Loss	0	0
Held to Maturity, Estimated Fair Value	$ 375	$ 577

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value	$ 14,943	$ 20,704
Less Than 12 Months, Gross Unrealized Loss	(22)	(217)
12 Months or Longer, Estimated Fair Value	52,078	54,664
12 Months or Longer, Gross Unrealized Loss	(1,737)	(2,114)
Estimated Fair Value, Total	67,021	75,368
Gross Unrealizd Loss, Total	(1,759)	(2,331)
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	2,645	2,843
12 Months or Longer, Gross Unrealized Loss	(1,041)	(842)
Estimated Fair Value, Total	2,645	2,843
Gross Unrealizd Loss, Total	(1,041)	(842)
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	14,943	20,704
Less Than 12 Months, Gross Unrealized Loss	(22)	(217)
12 Months or Longer, Estimated Fair Value	49,433	51,821
12 Months or Longer, Gross Unrealized Loss	(696)	(1,272)
Estimated Fair Value, Total	64,376	72,525
Gross Unrealizd Loss, Total	$ (718)	$ (1,489)

INVESTMENT SECURITIES (Detail28

INVESTMENT SECURITIES (Details 2) $ in Thousands	Mar. 31, 2016USD ($)
Schedule of Held-to-maturity Securities [Line Items]
Held to Maturity, Amortized Cost, Due within 1 year	$ 375
Held to Maturity, Estimated Fair Value, Due within 1 year	375
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	375
Available for Sale Securities, Amortized Cost, Due within 1 year	3,983
Available for Sale Securities, Estimated Fair Value, Due within 1 year	4,000
Available for Sale Securities, Amortized Cost, Due after 1 year through 5 years	33
Available for Sale Securities, Estimated Fair Value, Due after 1 year through 5 years	33
Available for Sale Securities, Amortized Cost, Due after 5 years through 10 years	0
Available for Sale Securities, Estimated Fair Value, Due after 5 years through 10 years	0
Available for Sale Securities, Amortized Cost, Due after 10 years	3,687
Available for Sale Securities, Estimated Fair Value, Due after 10 years	2,645
Available for Sale Securities, Amortized Cost, Total	7,703
Available for Sale Securities, Estimated Fair Value, Total	$ 6,678

INVESTMENT SECURITIES (Detail29

INVESTMENT SECURITIES (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Continuous Unrealized Loss, Percentage Amortized Cost	28.30%
Available-for-sale Equity Securities, Amortized Cost Basis	$ 3
Trading Securities, Fair Value Disclosure	41
Mortgage-backed Securities, Amortized Cost	100,900
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure	100,600
Available-for-sale Securities Pledged as Collateral	$ 104,000	$ 97,900
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Continuous Unrealized Loss, Percentage Amortized Cost	1.40%

LOANS RECEIVABLE - NET (Details

LOANS RECEIVABLE - NET (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Real estate - mortgage:
Total real estate-mortgage	$ 698,400	$ 691,882
Real estate - construction:
Total real estate - construction	23,065	18,555
Commercial	20,727	21,383
Consumer:
Total consumer loans	49,797	51,432
Total loans	791,989	783,252
Net deferred loan cost	4,015	3,886
Allowance for loan losses	(3,220)	(3,190)
Net total loans	792,784	783,948
Home Equity [Member]
Consumer:
Total consumer loans	49,515	51,001
One To Four Family Residential [Member]
Real estate - mortgage:
Total real estate-mortgage	613,761	607,807
Consumer:
Total loans	613,761	607,807
Commercial and Multi Family [Member]
Real estate - mortgage:
Total real estate-mortgage	84,639	84,075
Consumer:
Total loans	84,639	84,075
Residential [Member]
Real estate - construction:
Total real estate - construction	17,755	14,960
Commercial Loan [Member]
Real estate - construction:
Total real estate - construction	5,310	3,595
Consumer:
Total loans	20,727	21,383
Other Consumer Loans [Member]
Consumer:
Total consumer loans	$ 282	$ 431

LOANS RECEIVABLE - NET (Detai31

LOANS RECEIVABLE - NET (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance, beginning of year	$ 3,190	$ 3,760
Provision for loan loss	152	153
Charge-offs	(122)	(529)
Recoveries	0	0
Balance, end of year	$ 3,220	$ 3,384

LOANS RECEIVABLE - NET (Detai32

LOANS RECEIVABLE - NET (Details 2) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 4,105	$ 4,962
Troubled debt restructuring, non-accrual	559	708
Total non-performing loans	4,664	5,670
Real estate owned	2,258	1,814
Total non-performing assets	6,922	7,484
One To Four Family Residential [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	2,753	2,597
Commercial and Multi Family [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	926	1,580
Construction [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	0	143
Commercial Loan [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	41	41
Consumer Loan [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 385	$ 601

LOANS RECEIVABLE - NET (Detai33

LOANS RECEIVABLE - NET (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contractual Receivable Amount, Beginning Balance	$ 38,621	$ 44,216
Contractual Receivable Amount, Principal reductions	(845)	(1,325)
Contractual Receivable Amount, Charge-offs, net	(501)	(62)
Contractual Receivable Amount, Accretion of loan discount (premium)	0	0
Contractual Receivable Amount, Transfer between nonaccretable and accretable yield	0	0
Contractual Receivable Amount, Ending Balance	37,275	42,829
Nonaccretable (Yield) / Premium, Beginning Balance	(2,423)	(2,540)
Nonaccretable (Yield) / Premium, Principal reductions	0	0
Nonaccretable (Yield) / Premium, Charge-offs, net	501	62
Nonaccretable (Yield) / Premium, Accretion of loan discount (premium)	0	0
Nonaccretable (Yield) / Transfer between nonaccretable and accretable yield	0	0
Nonaccretable (Yield) / Premium, Ending Balance	(1,922)	(2,478)
Accretable (Yield) / Premuim, Beginning Balance	426	542
Accretable (Yield) / Premium, Principal Reductions	0	0
Accretable (Yield) / Premium, Charge-offs, net	0	0
Accretable (Yield) / Premium, Accretion of loan discount (premium)	(27)	(29)
Accretable (Yield) / Transfer between nonaccretable and accretable yield	0	0
Accretable (Yield) / Premuim, Ending Balance	399	513
Carrying Amount, Beginning Balance	36,624	42,218
Carrying Amount, Principal Reductions	(845)	(1,325)
Carrying Amount, Charge-offs, net	0	0
Carrying Amount, Accretion of loan discount (premium)	(27)	(29)
Carrying Amount, Transfer between nonaccretable and accretable yield	0	0
Carrying Amount, Ending Balance	$ 35,752	$ 40,864

LOANS RECEIVABLE - NET (Detai34

LOANS RECEIVABLE - NET (Details 4) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Real estate
Total Past Due	$ 5,648	$ 6,930
Current	786,341	776,322
Total Loan Receivables	791,989	783,252
Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate
Total Past Due	1,049	1,576
Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate
Total Past Due	124	21
Financing Receivables, Greater than 90 Days Past Due [Member]
Real estate
Total Past Due	4,475	5,333
One To Four family residential [Member]
Real estate
Total Past Due	4,085	4,451
Current	609,676	603,356
Total Loan Receivables	613,761	607,807
One To Four family residential [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate
Total Past Due	962	1,483
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	3,123	2,968
Commercial and multi-family [Member]
Real estate
Total Past Due	926	1,580
Current	83,713	82,495
Total Loan Receivables	84,639	84,075
Commercial and multi-family [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate
Total Past Due	0	0
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	926	1,580
Construction [Member]
Real estate
Total Past Due	0	143
Current	23,065	18,412
Total Loan Receivables	23,065	18,555
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	0	143
Commercial Loan [Member]
Real estate
Total Past Due	41	41
Current	20,686	21,342
Total Loan Receivables	20,727	21,383
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	41	41
Consumer Loan [Member]
Real estate
Total Past Due	596	715
Current	49,201	50,717
Total Loan Receivables	49,797	51,432
Consumer Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate
Total Past Due	87	93
Consumer Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate
Total Past Due	124	21
Consumer Loan [Member] | Financing Receivables, Greater than 90 Days Past Due [Member]
Real estate
Total Past Due	$ 385	$ 601

LOANS RECEIVABLE - NET (Detai35

LOANS RECEIVABLE - NET (Details 5) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
One To Four Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, With no related allowance recorded, Recorded Investment	$ 5,420	$ 6,103
Impaired Financing Receivable, With no related allowance recorded, Unpaid Principal Balance	5,588	6,320
Impaired Financing Receivable, With no related allowance recorded, Related Allowance	0	0
Impaired Financing Receivable, With no related allowance recorded, Average Recorded Investment	143	153
Impaired Financing Receivable, With an allowance recorded, Recorded Investment	3,459	3,758
Impaired Financing Receivable, With an allowance recorded, Unpaid Principal Balance	3,539	3,868
Impaired Financing Receivable, With an allowance recorded, Related Allowance	624	599
Impaired Financing Receivable, With an allowance recorded, Average Recorded Investment	288	268
Recorded Investment	8,879	9,861
Unpaid Principal Balance	9,127	10,188
Related Allowance	624	599
Average Recorded Investment	178	183
Commercial and Multi Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, With no related allowance recorded, Recorded Investment	704	1,545
Impaired Financing Receivable, With no related allowance recorded, Unpaid Principal Balance	704	1,545
Impaired Financing Receivable, With no related allowance recorded, Related Allowance	0	0
Impaired Financing Receivable, With no related allowance recorded, Average Recorded Investment	176	257
Impaired Financing Receivable, With an allowance recorded, Recorded Investment	472	285
Impaired Financing Receivable, With an allowance recorded, Unpaid Principal Balance	497	310
Impaired Financing Receivable, With an allowance recorded, Related Allowance	103	23
Impaired Financing Receivable, With an allowance recorded, Average Recorded Investment	236	285
Recorded Investment	1,176	1,830
Unpaid Principal Balance	1,201	1,855
Related Allowance	103	23
Average Recorded Investment	196	261
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	0
Impaired Financing Receivable, With an allowance recorded, Unpaid Principal Balance	0	0
Impaired Financing Receivable, With an allowance recorded, Related Allowance	0	0
Impaired Financing Receivable, With an allowance recorded, Average Recorded Investment	0	0
Recorded Investment	143	143
Unpaid Principal Balance	143	143
Related Allowance	0	0
Average Recorded Investment	143	143
Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, With no related allowance recorded, Recorded Investment	41	41
Impaired Financing Receivable, With no related allowance recorded, Unpaid Principal Balance	41	41
Impaired Financing Receivable, With no related allowance recorded, Related Allowance	0	0
Impaired Financing Receivable, With no related allowance recorded, Average Recorded Investment	41	41
Impaired Financing Receivable, With an allowance recorded, Recorded Investment	174	179
Impaired Financing Receivable, With an allowance recorded, Unpaid Principal Balance	174	179
Impaired Financing Receivable, With an allowance recorded, Related Allowance	4	4
Impaired Financing Receivable, With an allowance recorded, Average Recorded Investment	174	179
Recorded Investment	215	220
Unpaid Principal Balance	215	220
Related Allowance	4	4
Average Recorded Investment	107	110
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, With no related allowance recorded, Recorded Investment	903	1,187
Impaired Financing Receivable, With no related allowance recorded, Unpaid Principal Balance	903	1,187
Impaired Financing Receivable, With no related allowance recorded, Related Allowance	0	0
Impaired Financing Receivable, With no related allowance recorded, Average Recorded Investment	56	66
Impaired Financing Receivable, With an allowance recorded, Recorded Investment	324	434
Impaired Financing Receivable, With an allowance recorded, Unpaid Principal Balance	446	479
Impaired Financing Receivable, With an allowance recorded, Related Allowance	56	179
Impaired Financing Receivable, With an allowance recorded, Average Recorded Investment	65	72
Recorded Investment	1,227	1,621
Unpaid Principal Balance	1,349	1,666
Related Allowance	56	179
Average Recorded Investment	$ 58	$ 68

LOANS RECEIVABLE - NET (Detai36

LOANS RECEIVABLE - NET (Details 6) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Recorded Investment, Number of Contracts	20	20
Outstanding Recorded Investment, Pre-Modification	$ 4,297	$ 4,428
Outstanding Recorded Investment, Post-Modification	$ 4,297	$ 4,428
One To Four Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Recorded Investment, Number of Contracts	10	10
Outstanding Recorded Investment, Pre-Modification	$ 3,256	$ 3,378
Outstanding Recorded Investment, Post-Modification	$ 3,256	$ 3,378
Commercial Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Recorded Investment, Number of Contracts	2	2
Outstanding Recorded Investment, Pre-Modification	$ 250	$ 250
Outstanding Recorded Investment, Post-Modification	$ 250	$ 250
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Recorded Investment, Number of Contracts	7	7
Outstanding Recorded Investment, Pre-Modification	$ 617	$ 621
Outstanding Recorded Investment, Post-Modification	$ 617	$ 621
Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Recorded Investment, Number of Contracts	1	1
Outstanding Recorded Investment, Pre-Modification	$ 174	$ 179
Outstanding Recorded Investment, Post-Modification	$ 174	$ 179

LOANS RECEIVABLE - NET (Detai37

LOANS RECEIVABLE - NET (Details 7) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
One To Four Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	$ 10,117	$ 11,098
One To Four Family Residential [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	2,123	3,182
One To Four Family Residential [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	7,994	7,916
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	3,990	4,310
Commercial and Multi Family [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	1,104	321
Commercial and Multi Family [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	2,886	3,989
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	552	557
Commercial Loan [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	0	0
Commercial Loan [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	552	557
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	1,653	2,079
Consumer Loan [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	728	807
Consumer Loan [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	925	1,272
Consumer Loan [Member] | Doubtful and Loss [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	$ 0	$ 0

LOANS RECEIVABLE - NET (Detai38

LOANS RECEIVABLE - NET (Details 8) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	$ 791,989	$ 783,252
One To Four Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	613,761	607,807
One To Four Family Residential [Member] | Performing Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	611,008	605,210
One To Four Family Residential [Member] | Nonperforming Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	2,753	2,597
Commercial and Multi Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	84,639	84,075
Commercial and Multi Family [Member] | Performing Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	83,713	82,495
Commercial and Multi Family [Member] | Nonperforming Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	726	1,580
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	23,065	18,555
Construction [Member] | Performing Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	23,065	18,412
Construction [Member] | Nonperforming Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	0	143
Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	20,727	21,383
Commercial Loan [Member] | Performing Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	20,686	21,342
Commercial Loan [Member] | Nonperforming Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	41	41
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	49,797	51,432
Consumer Loan [Member] | Performing Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	49,412	50,831
Consumer Loan [Member] | Nonperforming Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	$ 385	$ 601

LOANS RECEIVABLE - NET (Detai39

LOANS RECEIVABLE - NET (Details 9) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Allowance for credit losses:
Balance, beginning of year	$ 3,190	$ 3,760
Charge-offs	(122)	(1,259)
Recoveries	0	0
Provision for loan losses	152	689
Balance, end of year	3,220	3,190
Ending balance: individually evaluated for impairment	787	804
Ending balance: collectively evaluated for impariment	2,433	2,386
Loan Receivables:
Ending balance	791,989	783,252
Ending balance: individually evaluated for impairment	11,640	13,675
Ending balance: collectively evaluated for impariment	780,349	769,577
One To Four Family Residential [Member]
Allowance for credit losses:
Balance, beginning of year	2,051	2,318
Charge-offs	(46)	(683)
Recoveries	0	0
Provision for loan losses	56	416
Balance, end of year	2,061	2,051
Ending balance: individually evaluated for impairment	624	599
Ending balance: collectively evaluated for impariment	1,437	1,452
Loan Receivables:
Ending balance	613,761	607,807
Ending balance: individually evaluated for impairment	8,879	9,861
Ending balance: collectively evaluated for impariment	604,882	597,946
Commercial and Multi Family [Member]
Allowance for credit losses:
Balance, beginning of year	240	625
Charge-offs	0	(25)
Recoveries	0	0
Provision for loan losses	98	(360)
Balance, end of year	338	240
Ending balance: individually evaluated for impairment	103	23
Ending balance: collectively evaluated for impariment	235	217
Loan Receivables:
Ending balance	84,639	84,075
Ending balance: individually evaluated for impairment	1,176	1,830
Ending balance: collectively evaluated for impariment	83,463	82,245
Construction [Member]
Allowance for credit losses:
Balance, beginning of year	25	33
Charge-offs	0	0
Recoveries	0	0
Provision for loan losses	8	(8)
Balance, end of year	33	25
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impariment	33	25
Loan Receivables:
Ending balance	23,065	18,555
Ending balance: individually evaluated for impairment	143	143
Ending balance: collectively evaluated for impariment	22,922	18,412
Commercial Loan [Member]
Allowance for credit losses:
Balance, beginning of year	236	380
Charge-offs	0	(306)
Recoveries	0	0
Provision for loan losses	119	162
Balance, end of year	355	236
Ending balance: individually evaluated for impairment	4	4
Ending balance: collectively evaluated for impariment	351	232
Loan Receivables:
Ending balance	20,727	21,383
Ending balance: individually evaluated for impairment	215	220
Ending balance: collectively evaluated for impariment	20,512	21,163
Consumer Loan [Member]
Allowance for credit losses:
Balance, beginning of year	638	404
Charge-offs	(76)	(245)
Recoveries	0	0
Provision for loan losses	(129)	479
Balance, end of year	433	638
Ending balance: individually evaluated for impairment	56	178
Ending balance: collectively evaluated for impariment	377	460
Loan Receivables:
Ending balance	49,797	51,432
Ending balance: individually evaluated for impairment	1,227	1,621
Ending balance: collectively evaluated for impariment	$ 48,570	$ 49,811

LOANS RECEIVABLE - NET (Detai40

LOANS RECEIVABLE - NET (Details Textual) $ in Thousands	Mar. 31, 2016USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled Debt Restructuring, Carrying Value	$ 4,300
Loans and Leases Receivable, Impaired, Nonperforming, Nonaccrual of Interest	559
Troubled Debt Restructuring, Reserved	$ 37

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Deposits [Line Items]
NOW and other demand deposit accounts	$ 454,843	$ 457,488
Passbook savings and club accounts	179,350	174,640
Subtotal	634,193	632,128
Certificates with original maturities:
Within one year	28,085	29,341
One to three years	133,103	127,813
Three years and beyond	22,924	22,751
Total certificates	184,112	179,905
Total	$ 818,305	$ 812,033
Weighted Average Interest Rate, NOW and other demand deposit accounts	0.13%	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	0.30%	0.30%
Weighted Average Interest Rate, One to three years	1.03%	1.03%
Weighted Average Interest Rate, Three years and beyond	1.56%	1.56%

DEPOSITS (Details Textual)

DEPOSITS (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Deposits [Line Items]
Time Deposits, $100 thousand or more	$ 72,900	$ 70,600
Cash, Uninsured Amount	250
Municipal Demand Deposits, $100 thousand or more	$ 187,700	$ 194,600

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earning Per Share [Line Items]
Numerator - Net Income	$ 1,756	$ 1,713
Denominators:
Basic average shares outstanding (in shares)	6,127,162	5,985,347
Effect of dilutive common stock equivalents (in shares)	108,609	109,830
Diluted average shares outstanding (in shares)	6,235,771	6,095,177
Earnings per share:
Basic (in dollars per share)	$ 0.29	$ 0.29
Diluted (in dollars per share)	$ 0.28	$ 0.28

EARNINGS PER SHARE (Details Tex

EARNINGS PER SHARE (Details Textual) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	280,979	575,142
Weighted Average Number Of Non Vested Shares Outstanding Diluted	88,648	53,960

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - $ / shares		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, Outstanding at the beginning of the period (in shares)		380,407	674,391
Number of shares, Granted (in shares)		0	0
Number of shares, Exercised (in shares)		8,620	28,668
Number of shares, Forfeited (in shares)		2,160	0
Number of shares, Outstanding at the end of the period (in shares)		369,627	645,723
Number of shares, Exercisable at the end of the period (in shares)		317,273	515,964
Number of shares, Stock options vested or expected to vest (in shares)	[1]	285,546	464,368
Weighted average exercise price, Outstanding at the beginning of the period (in dollars per share)		$ 11.46	$ 12.15
Weighted average exercise price, Granted (in dollars per share)		0	0
Weighted average exercise price, Exercised (in dollars per share)		11.24	12.97
Weighted average exercise price, Forfeited (in dollars per share)		13.56	0
Weighted average exercise price, Outstanding at the end of the period (in dollars per share)		11.45	12.11
Weighted average exercise price, Exercisable at the end of the period (in dollars per share)		11.10	12.07
Weighted average exercise price, Stock options vested or expected to vest (in dollars per share)	[1]	$ 11.10	$ 12.07
[1]	Includes vested shares and nonvested shares after a forfeiture rate, which is based upon historical data, is applied.

STOCK-BASED COMPENSATION (Det46

STOCK-BASED COMPENSATION (Details 1) - $ / shares	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	369,627	380,407	645,723	674,391
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 11.45
Options Outstanding, Weighted Average Remaining Contractual Life	4 years 10 months 24 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)	14,506
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 14.78
Options Outstanding, Weighted Average Remaining Contractual Life	7 months 6 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)	17,274
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 11.32
Options Outstanding, Weighted Average Remaining Contractual Life	1 year 7 months 6 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)	202,959
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 10.21
Options Outstanding, Weighted Average Remaining Contractual Life	4 years 4 months 24 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
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)	43,998
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 11.53
Options Outstanding, Weighted Average Remaining Contractual Life	5 years 4 months 24 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)	14,100
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 13.10
Options Outstanding, Weighted Average Remaining Contractual Life	6 years 7 months 6 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)	63,190
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 14.14
Options Outstanding, Weighted Average Remaining Contractual Life	7 years 7 months 6 days

STOCK-BASED COMPENSATION (Det47

STOCK-BASED COMPENSATION (Details 2) - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
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)	26,610	54,950
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)	25,620	53,960
Weighted average grant date fair value, Beginning of period (in dollars per share)	$ 14.06	$ 10.74
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)	$ 14.14	$ 12.73

STOCK-BASED COMPENSATION (Det48

STOCK-BASED COMPENSATION (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
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	$ 45	$ 46
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Total Unrecognized Compensation Cost	208
Allocated Share-based Compensation Expense	33	$ 81
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total	$ 317
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	3 years
Employee Service Share Based Compensation Total Compensation Cost Not Yet Recognized Period For Recognition	1 year 4 months 24 days

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Charitable Contributions, Percent	33.30%	32.70%
Increase (Decrease) in Deferred Income Taxes	$ 878	$ 833

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Unrealized Gain (Loss) on Available for Sale Securities, Beginning balance	$ (1,255)	$ (1,282)
Unrealized Gain (Loss) on Available for Sale Securities, Current period change	696	644
Unrealized Gain (Loss) on Available for Sale Securities, Tax benefit	(282)	(257)
Unrealized Gain (Loss) on Available for Sale Securities, Ending Balance	(841)	(895)
Loss on Post Retirement Life Benefit, Beginning balance	(133)	(169)
Loss on Post Retirement Life Benefit, Current period change	3	5
Loss on Post Retirement Life Benefit, Tax benefit	0	0
Loss on Post Retirement Life Benefit, Ending Balance	(130)	(164)
Accumulated Other Comprehensive Income, Beginning balance	(1,387)	(1,451)
Accumulated Other Comprehensive Income, Current period change	699	649
Accumulated Other Comprehensive Income, Tax benefit	(282)	(257)
Accumulated Other Comprehensive Income, Ending Balance	$ (971)	$ (1,059)

STOCKHOLDERS' EQUITY (Details T

STOCKHOLDERS' EQUITY (Details Textual)	3 Months Ended
	Mar. 31, 2016$ / shares
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	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	$ 106,761	$ 111,908
US Government Sponsored Entity Mortgage-backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	100,041	92,982
Corporate securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	6,646	8,844
Equity Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	41	42
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	41	42
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	0
Fair Value, Inputs, Level 1 [Member] | Corporate 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] | Equity Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	41	42
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	106,720	111,866
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	100,041	92,982
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	33	10,040
Fair Value, Inputs, Level 2 [Member] | Corporate securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	6,646	8,844
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] | Corporate 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] | Equity Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Deta53

FAIR VALUE MEASUREMENTS (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Assets:
Impaired loans	$ 3,642	$ 5,263
Real estate owned	788	195
Impaired loans, (Losses) Gains	(25)	(66)
Real estate owned, (Losses) Gains	(46)	(306)
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	539	3,321
Real estate owned	678	195
Fair Value, Inputs, Level 3 [Member]
Assets:
Impaired loans	3,103	1,942
Real estate owned	$ 110	$ 0

FAIR VALUE MEASUREMENTS (Deta54

FAIR VALUE MEASUREMENTS (Details 2) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents, Carrying Amount	$ 93,554	$ 87,710	$ 86,464	$ 80,307
Investment securities, Carrying Amount
Held to maturity, Carrying Amount	864	1,084
Available for sale, Carrying Amount	106,761	111,908
Loans receivable, net, Carrying Amount	792,784	783,948
Federal Home Loan Bank stock, Carrying Amount	5,864	5,864
LIABILITIES:
NOW and other demand deposit accounts, Carrying Amount	454,843	457,488
Passbook savings and club accounts, Carrying Amount	179,350	174,640
Certificates, Carrying Amount	184,112	179,905
Advances from Federal Home Loan Bank, Carrying Amount	105,000	105,000
Investment securities, Estimated Fair Value
Held to maturity, Fair Value	919	1,137
Fair Value, Inputs, Level 1 [Member]
Investment securities, Carrying Amount
Available for sale, Carrying Amount	41	42
Assets, Estimated Fair Value
Cash and cash equivalents, Fair Value	93,554	87,710
Investment securities, Estimated Fair Value
Held to maturity, Fair Value	0	0
Available for sale, Fair Value	41	42
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
Fair Value, Inputs, Level 2 [Member]
Investment securities, Carrying Amount
Available for sale, Carrying Amount	106,720	111,866
Assets, Estimated Fair Value
Cash and cash equivalents, Fair Value	0	0
Investment securities, Estimated Fair Value
Held to maturity, Fair Value	919	1,137
Available for sale, Fair Value	106,720	111,866
Loans receivable, net, Fair Value	811,123	793,597
Federal Home Loan Bank stock, Fair Value	5,864	5,864
Liabilities, Estimated Fair Value
NOW and other demand deposit accounts, Fair Value	445,681	476,186
Passbook savings and club accounts, Fair Value	173,355	183,352
Certificates, Fair Value	185,087	180,624
Advances from Federal Home Loan Bank, Fair Value	112,447	111,315
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
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

FAIR VALUE MEASUREMENTS (Deta55

FAIR VALUE MEASUREMENTS (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value of Loans Remeasured	$ 3,600	$ 5,300
Prior to Remeasurement of Loans	3,700	5,300
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Properties Prior to Remeasurement of Loans		834
Fair Value Remeasurement Gain Loss On Impaired Loan	25	66
Fair Value Remeasurement Gain Loss On Real Estate Owned	$ 788	$ 46

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 4,630	$ 4,630
Intangible Assets, Net (Excluding Goodwill)	416	440
Core Deposits [Member]
Goodwill And Intangible Assets [Line Items]
Intangible Assets, Net (Excluding Goodwill)	$ 416	$ 440
Finite-Lived Intangible Assets, Remaining Amortization Period	15 years

REAL ESTATE OWNED (Details)

REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Real Estate Properties [Line Items]
Balance, January 1,	$ 1,814	$ 650
Transfers into REO	788	387
Sales of REO	(344)	(429)
Balance, March 31,	2,258	608
Residential Property [Member]
Real Estate Properties [Line Items]
Balance, January 1,	1,773	609
Transfers into REO	110	192
Sales of REO	(344)	(429)
Balance, March 31,	1,539	372
Commercial Property [Member]
Real Estate Properties [Line Items]
Balance, January 1,	41	41
Transfers into REO	678	195
Sales of REO	0	0
Balance, March 31,	$ 719	$ 236