Ocean Shore Holding Inactive 10-Q4 Aug 162016 Q2 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2016	Aug. 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		6,457,454
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,016

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Cash and amounts due from depository institutions	$ 10,001	$ 7,496
Interest-earning bank balances	76,204	80,214
Cash and cash equivalents	86,205	87,710
Investment securities held to maturity (estimated fair value$896 at June 30, 2016; $1,137 at December 31, 2015)	842	1,084
Investment securities available for sale (amortized cost$107,763 at June 30, 2016; $113,944 at December 31, 2015)	106,789	111,908
Loansnet of allowance for loan losses of $3,245 at June 30, 2016 and $3,190 at December 31, 2015	791,219	783,948
Accrued interest receivable:
Loans	2,412	2,330
Investment securities	12	21
Federal Home Loan Bank stockat cost	5,875	5,864
Office properties and equipmentnet	12,059	12,359
Prepaid expenses and other assets	1,831	2,242
Real estate owned	1,662	1,814
Cash surrender value of life insurance	24,768	24,457
Net deferred tax asset	4,140	4,572
Goodwill	4,630	4,630
Other intangible assets	391	440
TOTAL ASSETS	1,042,835	1,043,379
LIABILITIES:
Non-interest bearing deposits	199,379	190,614
Interest bearing deposits	607,322	621,419
Advances from Federal Home Loan Bank	105,000	105,000
Advances from borrowers for taxes and insurance	5,184	4,591
Accrued interest payable	492	589
Other liabilities	9,807	9,377
Total liabilities	927,184	931,590
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Preferred stock, $.01 par value, 5,000,000 shares authorized, none issued	0	0
Common stock, $.01 par value, 25,000,000 shares authorized, 7,307,590 shares issued; 6,412,678 shares outstanding at June 30, 2016; 6,403,058 shares outstanding at December 31, 2015	73	73
Additional paid-in capital	66,650	66,397
Retained earnings - partially restricted	65,243	62,480
Treasury stockat cost: 894,912 shares at June 30, 2016; 904,532 shares at December 31, 2015	(12,559)	(12,694)
Common stock acquired by employee benefits plans	(2,126)	(2,297)
Deferred compensation plans trust	(878)	(783)
Accumulated other comprehensive loss	(752)	(1,387)
Total stockholders’ equity	115,651	111,789
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 1,042,835	$ 1,043,379

UNAUDITED CONDENSED CONSOLIDAT3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Investment securities held to maturity, estimated fair value (in dollars)	$ 896	$ 1,137
Investment securities available for sale, amortized cost (in dollars)	107,763	113,944
Allowance for loan losses (in dollars)	$ 3,245	$ 3,190
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	7,307,590	7,307,590
Common stock, shares outstanding	6,412,678	6,403,058
Treasury stock, shares	894,912	904,532

UNAUDITED CONDENSED CONSOLIDAT4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
INTEREST AND DIVIDEND INCOME:
Taxable interest and fees on loans	$ 8,171	$ 8,177	$ 16,342	$ 16,349
Taxable interest on mortgage-backed securities	452	337	853	695
Non-taxable interest on municipal securities	1	1	2	2
Taxable interest and dividends on other investment securities	206	249	476	505
Total interest and dividend income	8,830	8,764	17,673	17,551
INTEREST EXPENSE:
Interest on deposits	651	617	1,318	1,230
Interest on borrowings	811	1,091	1,708	2,173
Total interest expense	1,462	1,708	3,026	3,403
NET INTEREST INCOME	7,368	7,056	14,647	14,148
PROVISION FOR LOAN LOSSES	161	178	313	331
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	7,207	6,878	14,334	13,817
OTHER INCOME:
Service charges	443	503	888	1,011
Cash surrender value of life insurance	157	156	311	310
Gain on sale of investment	37	0	0	0
Other	439	474	876	861
Total other income	1,076	1,133	2,075	2,182
OTHER EXPENSE:
Salaries and employee benefits	3,342	3,168	6,652	6,467
Occupancy and equipment	1,218	1,248	2,423	2,497
Federal insurance premiums	145	141	290	279
Advertising	102	121	192	226
Professional services	299	270	601	548
Real estate owned expense	41	21	48	(46)
Charitable contributions	44	38	87	75
Other operating expenses	396	366	785	768
Total other expenses	5,587	5,373	11,078	10,814
INCOME BEFORE INCOME TAXES	2,696	2,638	5,331	5,185
INCOME TAX EXPENSE	920	899	1,799	1,733
NET INCOME	1,776	1,739	3,532	3,452
Other comprehensive income, net of tax:
Unrealized gain (loss) on available for sale securities	216	(254)	630	133
Unrealized gain (loss) on post retirement life benefit	3	6	6	11
COMPREHENSIVE INCOME	$ 1,995	$ 1,491	$ 4,168	$ 3,596
Earnings per share, basic: (in dollars per share)	$ 0.29	$ 0.29	$ 0.58	$ 0.58
Earnings per share, diluted: (in dollars per share)	$ 0.28	$ 0.29	$ 0.57	$ 0.57

UNAUDITED CONDENSED CONSOLIDAT5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
OPERATING ACTIVITIES:
Net income	$ 3,532	$ 3,452
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	390	500
Provision for loan losses	313	331
Stock based compensation expense	451	506
Gain on call of AFS securities	(37)	0
Cash surrender value of life insurance	(311)	(310)
Loss on disposal of office properties and equipment	0	1
Changes in assets and liabilities which provided (used) cash:
Accrued interest receivable	(73)	(100)
Prepaid expenses and other assets	411	917
Accrued interest payable	(97)	(3)
Other liabilities	434	(83)
Net cash provided by operating activities	5,013	5,211
Principal collected on:
Investment securities available for sale	7,027	5,756
Investment securities held to maturity	40	142
Loans originated, net of repayments	(8,412)	(7,988)
Purchases of:
Investment securities held to maturity	(375)	(402)
Investment securities available for sale	(14,977)	(10,111)
Federal Home Loan Bank stock	(11)	(50)
Office properties and equipment	(125)	(206)
Proceeds from sale/ maturities/ calls of:
Investment securities held to maturity	577	494
Investment securities available for sale	14,037	0
Real estate owned	1,197	428
Net cash used in investing activities	(1,022)	(11,937)
FINANCING ACTIVITIES:
Increase / decrease in deposits	(5,332)	(7,219)
Dividends paid	(769)	(759)
Exercise of incentive stock options	107	1,046
Purchase of treasury stock	0	(3,223)
Purchase of shares by deferred compensation plans trust	(95)	(94)
Increase in advances from borrowers for taxes and insurance	593	521
Net cash (used in ) provided by financing activities	(5,496)	(9,728)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(1,505)	(16,454)
CASH AND CASH EQUIVALENTSBeginning of period	87,710	80,307
CASH AND CASH EQUIVALENTSEnd of period	86,205	63,853
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATIONCash paid during the period for:
Interest	3,075	3,361
Income Taxes	1,425	2,880
SUPPLEMENTAL DISCLOSURES OF NON-CASH ITEMS
Transfers of loans to real estate owned	$ 1,045	$ 972

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2016
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES In May 2014, the FASB issued ASU 2014-09, which created Accounting Standard Codification (“ASC”) ASC 606, Revenue from Contracts with Customers Revenue from Contracts with Customers (Topic 606) - Deferral of the Effective Date 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 In June 2016, the FASB issued ASU 2016-13, Financial Instruments Credit Losses (Topic 326): Measurement of Credit Losses of Financial Instruments.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
INVESTMENT SECURITIES	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	2. INVESTMENT SECURITIES June 30, 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 467 54 521 Totals $ 842 $ 54 $ $ 896 Available for Sale Debt securities: Corporate $ 5,678 $ 10 $ (1,042) $ 4,646 U.S. Treasury and federal agencies 33 33 Equity securities 3 2 5 U.S. treasury and government sponsored entity mortgage-backed securities 102,049 535 (479) 102,105 Totals $ 107,763 $ 547 $ (1,521) $ 106,789 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 June 30, 2016 and December 31, 2015, the Company had investment securities available for sale with an estimated fair value of $ 101.2 97.9 June 30, 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 $ (1,042) $ 2,645 $ (1,042) U.S. treasury and government sponsored entity mortgage- backed securities 39,304 (479) 39,304 (479) Totals $ $ $ 41,949 $ (1,521) $ 41,949 $ (1,521) 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 June 30, 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 At June 30, 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 1.2 The amortized cost and estimated fair value of debt securities available for sale and held to maturity at June 30, 2016 by contractual maturity are shown below. June 30, 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 $ 1,990 $ 2,000 Due after 1 year through 5 years 33 33 Due after 5 years through 10 years Due after 10 years 3,688 2,646 Total $ 375 $ 375 $ 5,711 $ 4,679 Equity securities had a cost of $ 3 5 102.5 102.6

LOANS RECEIVABLE - NET

LOANS RECEIVABLE - NET	6 Months Ended
LOANS RECEIVABLE - NET	Jun. 30, 2016
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	3. LOANS RECEIVABLE NET June 30, 2016 December 31, 2015 (Dollars in thousands) Real estate - mortgage: One-to-four family residential $ 611,795 $ 607,807 Commercial and multi-family 84,644 84,075 Total real estate-mortgage 696,439 691,882 Real estate - construction: Residential 19,274 14,960 Commercial 5,126 3,595 Total real estate - construction 24,400 18,555 Commercial 20,412 21,383 Consumer: Home equity 48,769 51,001 Other consumer loans 287 431 Total consumer loans 49,056 51,432 Total loans 790,307 783,252 Net deferred loan cost 4,157 3,886 Allowance for loan losses (3,245) (3,190) Net total loans $ 791,219 $ 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. Six months Ended June 30, 2016 2015 (Dollars in thousands) Balance, beginning of period $ 3,190 $ 3,760 Provision for loan loss 313 331 Charge-offs (258) (699) Recoveries Balance, end of period $ 3,245 $ 3,392 The provision for loan losses charged to expense is based upon past loan loss experiences, a series of qualitative factors, and an evaluation of losses in the current loan portfolio, including the specific evaluation of impaired loans. Values assigned to the qualitative factors and those developed from historic loss experience provide a dynamic basis for the calculation of reserve factors for both passrated loans (general pooled allowance) and the criticized and classified loans that continue to perform. June 30, 2016 December 31, 2015 (Dollars in thousands) Real estate One-to-four family residential $ 2,605 $ 2,597 Commercial and multi-family 705 1,580 Real estate construction 143 143 Commercial 41 41 Consumer 237 601 Non-accrual loans 3,731 4,962 Troubled debt restructuring, non-accrual 390 708 Total non-performing loans 4,121 5,670 Real estate owned 1,662 1,814 Total non-performing assets $ 5,783 $ 7,484 Loans and Debts Securities Acquired with Deteriorated Credit Quality Contractual Nonaccretable Accretable Carrying (Dollars in thousands) Balance at January 1, 2016 $ 38,621 $ (2,423) $ 426 $ 36,624 Principal reductions (3,028) (3,028) Charge-offs, net (752) 752 Accretion of loan discount (premium) (53) (53) Transfer between nonaccretable and accretable yield Settlement adjustments Balance at June 30, 2016 $ 34,841 $ (1,671) $ 373 $ 33,543 Contractual Nonaccretable Accretable Carrying (Dollars in thousands) Balance at January 1, 2015 $ 44,216 $ (2,540) $ 542 $ 42,218 Principal reductions (2,856) (2,856) Charge-offs, net (62) 62 Accretion of loan discount (premium) (58) (58) Transfer between nonaccretable and accretable yield Settlement adjustments Balance at June 30, 2015 $ 41,298 $ (2,478) $ 484 $ 39,304 30-59 60-89 Greater Total Past Current Total (Dollars in thousands) June 30, 2016 Real estate 1-4 family residential $ 1,844 $ $ 2,976 $ 4,820 $ 606,975 $ 611,795 Commercial and multi-family 705 705 83,939 84,644 Construction 143 143 24,257 24,400 Commercial 41 41 20,371 20,412 Consumer 257 88 236 581 48,475 49,056 Total $ 2,101 $ 88 $ 4,101 $ 6,290 $ 784,017 $ 790,307 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) June 30, 2016 With no related allowance recorded Real Estate 1-4 Family Residential $ 5,617 $ 5,785 $ $ 144 Commercial and Multi-Family 671 670 168 Construction 143 143 143 Commercial 41 41 41 Consumer 807 807 58 With an allowance recorded Real Estate 1-4 Family Residential 3,219 3,279 622 293 Commercial and Multi-Family 285 310 132 285 Construction Commercial 168 168 4 168 Consumer 275 320 52 69 Total Real Estate 1-4 Family Residential $ 8,836 $ 9,064 $ 622 $ 177 Commercial and Multi-Family 956 980 132 191 Construction 143 143 143 Commercial 209 209 4 104 Consumer 1,082 1,127 52 60 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 Commercial Consumer 179 179 4 179 Total 434 479 179 72 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”), 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 Construction Commercial Consumer 6/30/2016 12/31/2015 6/30/2016 12/31/2015 6/30/2016 12/31/2015 6/30/2016 12/31/2015 6/30/2016 12/31/2015 (Dollars in thousands) Grade: Special Mention $ 3,827 $ 3,182 $ 677 $ 321 $ $ $ $ $ 1,022 $ 807 Substandard 7,396 7,916 3,063 3,989 143 143 548 557 763 1,272 Doubtful and Loss Total $ 11,223 $ 11,098 $ 3,740 $ 4,310 $ 143 $ 143 $ 548 $ 557 $ 1,785 $ 2,079 Real Estate 1-4 Family Commercial Construction Commercial Consumer 6/30/2016 12/31/2015 6/30/2016 12/31/2015 6/30/2016 12/31/2015 6/30/2016 12/31/2015 6/30/2016 12/31/2015 (Dollars in thousands Performing $ 609,190 $ 605,210 $ 83,939 $ 82,495 $ 24,257 $ 18,412 $ 20,371 $ 21,342 $ 48,819 $ 50,831 Non-Performing 2,605 2,597 705 1,580 143 143 41 41 237 601 Total $ 611,795 $ 607,807 $ 84,644 $ 84,075 $ 24,400 $ 18,555 $ 20,412 $ 21,383 $ 49,056 $ 51,432 Real Estate 1-4 Family Commercial Construction Commercial Consumer Total (Dollars in thousands) June 30, 2016 Allowance for credit losses: Beginning Balance $ 2,051 $ 240 $ 25 $ 236 $ 638 $ 3,190 Charge-offs (78) (84) (96) (258) Recoveries Provision for loan losses 52 288 10 152 (189) 313 Ending balance $ 2,025 $ 444 $ 35 $ 388 $ 353 $ 3,245 Ending balance: individually evaluated for impairment $ 622 $ 132 $ $ 4 $ 52 $ 810 Ending balance: collectively evaluated for impairment $ 1,403 $ 312 $ 35 $ 384 $ 301 $ 2,435 Loan Receivables: Ending balance $ 611,795 $ 84,644 $ 24,400 $ 20,412 $ 49,056 $ 790,307 Ending balance: individually evaluated for impairment $ 8,836 $ 956 $ 143 $ 209 $ 1,082 $ 11,226 Ending balance: collectively evaluated for impairment $ 602,959 $ 83,688 $ 24,257 $ 20,203 $ 47,974 $ 779,081 June 30, 2015 Allowance for credit losses: Beginning Balance $ 2,318 $ 625 $ 33 $ 380 $ 404 $ 3,760 Charge-offs (221) (24) (306) (148) (699) Recoveries Provision for loan losses 117 (299) 1 276 236 331 Ending balance $ 2,214 $ 302 $ 34 $ 350 $ 492 $ 3,392 Ending balance: individually evaluated for impairment $ 623 $ 23 $ $ 4 $ 34 $ 684 Ending balance: collectively evaluated for impairment $ 1,591 $ 279 $ 34 $ 346 $ 458 $ 2,708 Loan Receivables: Ending balance $ 593,633 $ 88,324 $ 22,359 $ 22,740 $ 53,483 $ 780,539 Ending balance: individually evaluated for impairment $ 9,857 $ 1,830 $ 143 $ 190 $ 1,060 $ 13,080 Ending balance: collectively evaluated for impairment $ 583,776 $ 86,494 $ 22,216 $ 22,550 $ 52,423 $ 767,459

DEPOSITS

DEPOSITS	6 Months Ended
DEPOSITS	Jun. 30, 2016
Banking and Thrift [Abstract]
Deposit Liabilities Disclosures [Text Block]	4. DEPOSITS June 30, 2016 December 31, 2015 Weighted Weighted Average Average Amount Interest Rate Amount Interest Rate (Dollars in thousands) NOW and other demand deposit accounts $ 438,196 0.13 % $ 457,488 0.13 % Passbook savings and club accounts 180,438 0.20 % 174,640 0.20 % Subtotal 618,634 632,128 Certificates with original maturities: Within one year 25,887 0.30 % 29,341 0.30 % One to three years 139,453 0.98 % 127,813 1.03 % Three years and beyond 22,727 1.51 % 22,751 1.56 % Total certificates 188,067 179,905 Total $ 806,701 $ 812,033 The aggregate amount of certificate accounts in denominations of $100 thousand or more at June 30, 2016 and December 31, 2015 amounted to $ 77.4 70.6 250 Municipal demand deposit accounts in denominations of $100 thousand or more at June 30, 2016 and December 31, 2015 amounted to $ 163.9 194.6

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
EARNINGS PER SHARE	Jun. 30, 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 June 30, Six Months Ended June 30, 2016 2015 2016 2015 (Dollars in thousands, except per share data) Numerator Net Income $ 1,776 $ 1,739 $ 3,532 $ 3,452 Denominators: Basic average shares outstanding 6,140,839 5,920,475 6,134,000 5,952,732 Effect of dilutive common stock equivalents 108,714 115,532 108,418 110,134 Diluted average shares outstanding 6,249,553 6,036,007 6,242,418 6,062,866 Earnings per share: Basic $ 0.29 $ 0.29 $ 0.58 $ 0.58 Diluted $ 0.28 $ 0.29 $ 0.57 $ 0.57 At June 30, 2016 and 2015, there were 278,896 469,360 25,620 53,960

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
STOCK-BASED COMPENSATION	Jun. 30, 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 Equity-Based Payments to Non-Employees, The Company’s 2005 and 2010 Equity-Based Incentive Plans (the “Equity Plans”) authorize the issuance of shares of common stock pursuant to awards that may be granted in the form of stock options to purchase common stock (“options”) and awards of shares of common stock (“stock awards”). The purpose of the Equity Plans is to attract and retain personnel for positions of substantial responsibility and to provide additional incentive to certain officers, directors, advisory directors, employees and other persons to promote the success of the Company. Under the Equity Plans, options expire ten years after the date of grant, unless terminated earlier under the option terms. A committee of non-employee directors has the authority to determine the conditions upon which the options granted will vest. Options are granted at the then fair market value of the Company’s stock. Six Months Ended Six Months Ended Number Weighted Number Weighted Outstanding at the beginning of the period 380,407 $ 11.46 674,391 $ 12.15 Granted Exercised 9,620 11.14 119,511 13.04 Forfeited 2,160 13.56 1,000 10.21 Outstanding at the end of the period 368,627 $ 11.45 553,880 $ 11.96 Exercisable at the end of the period 316,273 $ 11.10 425,537 $ 11.85 Stock options vested or expected to vest (1) 284,646 $ 11.10 382,983 $ 11.85 (1) Includes vested shares and non-vested shares after a forfeiture rate, which is based upon historical data, is applied. Options Outstanding Date Issued Number of Weighted Average Weighted Average November 21, 2006 14,506 $ 14.78 0.4 years November 20, 2007 17,274 $ 11.32 1.4 years August 18, 2010 201,959 $ 10.21 4.1 years March 15, 2011 13,600 $ 12.06 4.7 years August 17, 2011 43,998 $ 11.53 5.1 years November 19, 2012 14,100 $ 13.10 6.4 years November 19, 2013 63,190 $ 14.14 7.4 years Total 368,627 $ 11.45 4.6 years The compensation expense recognized for the three and six months ended June 30, 2016 was $ 45 90 46 92 At June 30, 2016, there was $ 163 1.1 years. Six Months ended Six Months ended Number Weighted avg Number Weighted avg Beginning of period 26,610 $ 14.06 54,950 $ 10.74 Issued Forfeited Vested 990 $ 12.06 990 $ 12.06 Outstanding at June 30, 2015 25,620 $ 14.14 53,960 $ 12.73 The 30 63 81 162 As of June 30, 2016, there was $ 287 3

INCOME TAXES

INCOME TAXES	6 Months Ended
INCOME TAXES	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	7. INCOME TAXES Income tax expense was $ 1.8 33.7 1.7 33.4 Periodic reviews of the carrying amount of deferred tax assets are made to determine if the establishment of a valuation allowance is necessary. If based on the available evidence in future periods, it is more likely than not that all or a portion of the Company’s deferred tax assets will not be realized, a deferred tax valuation allowance would be established. Consideration is given to all positive and negative evidence related to the realization of the deferred tax assets. Items considered in this evaluation include historical financial performance, expectation of future earnings, the ability to carry back losses to recoup taxes previously paid, length of statutory carryforward periods, experience with operating loss and tax credit carryforwards not expiring unused, tax planning strategies and timing of reversals of temporary differences. Significant judgment is required in assessing future earnings trends and the timing of reversals of temporary differences. The evaluation is based on current tax laws as well as expectations of future performance. At June 30, 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 June 30, 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	6 Months Ended
STOCKHOLDERS' EQUITY	Jun. 30, 2016
Equity [Abstract]
Stockholders Equity Note Disclosure [Text Block]	8. STOCKHOLDERS’ EQUITY During the second 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 six months ended June 30, 2016 and 2015. Unrealized Loss on Post Accumulated (Dollars in thousands) Beginning balance - 01/01/2016 $ (1,254) $ (133) $ (1,387) Current period change 1,062 6 1,068 Tax benefit (433) - (433) Ending balance 06/30/2016 $ (625) $ (127) $ (752) Unrealized Loss on Post Accumulated (Dollars in thousands) Beginning balance - 01/01/2015 $ (1,282) $ (169) $ (1,451) Current period change 222 11 233 Tax benefit (89) - (89) Ending balance 06/30/2015 $ (1,149) $ (158) $ (1,307)

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
FAIR VALUE MEASUREMENTS	Jun. 30, 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. Category Used for Fair Value Measurement June 30, 2016 Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Securities available for sale: U.S. government sponsored entity mortgage-backed securities $ $ 102,105 $ U.S. Treasury and federal agencies 33 Corporate securities 4,646 Equity securities 5 Totals $ 5 $ 106,784 $ Category Used for Fair Value Measurement December 31, 2015 Level 1 Level 2 Level 3 (Dollars in thousands) Assets: 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. Category Used for Fair Value Measurement Six Month Total Level 1 Level 2 Level 3 Total (Dollars in thousands) June 30, 2016 Assets: Impaired loans $ 3,177 $ - $ 317 $ 2,860 $ (103) Real estate owned 646 - 329 317 (140) June 30, 2015 Assets: Impaired loans $ 3,854 $ - $ 1,756 $ 2,098 $ (39) Real estate owned 780 - 780 - (365) Impaired Loans The Company considers a loan to be impaired when it becomes probable that the Company will be unable to collect all amounts due in accordance with the contractual terms of the loan agreement. Under FASB ASC 310, collateral dependent impaired loans are valued based on the fair value of the collateral, which is based on appraisals, less cost to sell. These adjustments are based upon observable inputs, and therefore, the fair value measurement has been categorized as a level 2 measurement. In some cases, adjustments are made to the appraised values for various factors, including age of the appraisal, age of the comparables included in the appraisal, and known changes in the market and in the collateral. These adjustments are based upon unobservable inputs, and therefore, the fair value measurement has been categorized as a Level 3 measurement. At June 30, 2016, total loans remeasured at fair value were $ 3.2 3.3 103 4.0 4.0 39 Real Estate Owned Once an asset is determined to be uncollectible, the underlying collateral is repossessed and reclassified to foreclosed real estate and repossessed assets. These assets are carried at lower of cost or fair value of the collateral, less cost to sell. These adjustments are based upon observable inputs, and therefore, the fair value measurement has been categorized as a Level 2 measurement. In some cases, adjustments are made to the appraised values for various factors, including age of the appraisal, age of the comparables included in the appraisal, and known changes in the market and in the collateral. These adjustments are based upon unobservable inputs, and therefore, the fair value measurement has been categorized as a Level 3 measurement. Total real estate owned remeasured at fair value for the six months ended June 30, 2016 was $ 1.0 400 786 140 Fair Value of Financial Instruments In accordance with FASB ASC 825-10-50-10, the Company is required to disclose the fair value of financial instruments. The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a distressed sale. Fair value is best determined using observable market prices; however, for many of the Company’s financial instruments, no quoted market prices are readily available. In instances where quoted market prices are not readily available, fair value is determined using present value or other techniques appropriate for the particular instrument. These techniques involve some degree of judgment and, as a result, are not necessarily indicative of the amounts the Company would realize in a current market exchange. Different assumptions or estimation techniques may have a material effect on the estimated fair value. Category Used For Fair Value June 30, 2016 Carrying Amount Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Cash and cash equivalents $ 86,205 $ 86,205 $ $ Investment securities: Held to maturity 842 896 Available for sale 106,789 5 106,784 Loans receivable, net 791,219 813,530 Federal Home Loan Bank stock 5,875 5,875 Liabilities: NOW and other demand deposit accounts 438,196 433,627 Passbook savings and club accounts 180,438 176,021 Certificates 188,067 189,265 Advances from Federal Home Loan Bank 105,000 113,084 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 457,486 476,186 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 June 30, 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. Junior Subordinated Debenture The fair value was estimated by discounting approximate cash flows of the borrowings by yields estimating the fair value of similar issues. Commitments to Extend Credit and Letters of Credit The fair value estimates presented herein are based on pertinent information available to management as of June 30, 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 June 30, 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	6 Months Ended
GOODWILL AND INTANGIBLE ASSETS	Jun. 30, 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 $ 391 440 15

REAL ESTATE OWNED

REAL ESTATE OWNED	6 Months Ended
REAL ESTATE OWNED	Jun. 30, 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 Real Estate Owned 230 815 1,045 777 195 972 Sales of Real Estate Owned (847) (350) (1,197) (429) - (429) Balance, June 30, $ 1,156 $ 506 $ 1,662 $ 957 $ 236 $ 1,193

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	12. SUBSEQUENT EVENTS On July 12, 2016, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with OceanFirst Financial Corp. (“OceanFirst”), the parent company of OceanFirst Bank, and Masters Merger Sub Corp. (“Merger Sub”), a wholly-owned subsidiary of OceanFirst. Pursuant to the terms and subject to the conditions of the Merger Agreement, Merger Sub will merge (the “First-Step Merger”) with and into Ocean Shore, with Ocean Shore as the surviving entity, and immediately following the effective time of the First-Step Merger, Ocean Shore will merge with and into OceanFirst, with OceanFirst as the surviving entity (together with the First-Step Merger, the “Integrated Mergers”). It is anticipated that immediately following the consummation of the Integrated Mergers, Ocean City Home Bank, a federal savings bank, will merge with and into OceanFirst Bank, a federal savings bank, with OceanFirst Bank as the surviving bank. At the effective time of the First-Step Merger, the Company’s shareholders will be entitled to receive $4.35 in cash and 0.9667 shares of OceanFirst common stock, par value $0.01 per share (“OceanFirst Common Stock” and, together with such cash consideration, the “Merger Consideration”), for each share of Company common stock. 1.2084 Subject to the satisfaction or waiver of the closing conditions contained in the Merger Agreement, including (1) the approval of the Merger Agreement by the Company’s shareholders, (2) the approval of the issuance of shares of OceanFirst Common Stock by OceanFirst’s stockholders, (3) the effectiveness of the registration statement on Form S-4 for the OceanFirst Common Stock to be issued in the transaction, (4) the receipt of required regulatory approvals, and (5) receipt by each party of an opinion from its counsel to the effect that the Merger will qualify as a reorganization within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended, OceanFirst and the Company expect that the transaction will be completed during the fourth quarter of 2016 or the first quarter of 2017. However, it is possible that factors outside the control of both companies, including whether or when the required regulatory approvals will be received, could result in the merger being completed at a different time or not at all.

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 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]
New Accounting Pronouncements Policy [Policy Text Block]	New Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, which created Accounting Standard Codification (“ASC”) ASC 606, Revenue from Contracts with Customers Revenue from Contracts with Customers (Topic 606) - Deferral of the Effective Date 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 In June 2016, the FASB issued ASU 2016-13, Financial Instruments Credit Losses (Topic 326): Measurement of Credit Losses of Financial Instruments.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
INVESTMENT SECURITIES (Tables)	Jun. 30, 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: June 30, 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 467 54 521 Totals $ 842 $ 54 $ $ 896 Available for Sale Debt securities: Corporate $ 5,678 $ 10 $ (1,042) $ 4,646 U.S. Treasury and federal agencies 33 33 Equity securities 3 2 5 U.S. treasury and government sponsored entity mortgage-backed securities 102,049 535 (479) 102,105 Totals $ 107,763 $ 547 $ (1,521) $ 106,789 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 June 30, 2016 and December 31, 2015: June 30, 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 $ (1,042) $ 2,645 $ (1,042) U.S. treasury and government sponsored entity mortgage- backed securities 39,304 (479) 39,304 (479) Totals $ $ $ 41,949 $ (1,521) $ 41,949 $ (1,521) 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. June 30, 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 $ 1,990 $ 2,000 Due after 1 year through 5 years 33 33 Due after 5 years through 10 years Due after 10 years 3,688 2,646 Total $ 375 $ 375 $ 5,711 $ 4,679

LOANS RECEIVABLE - NET (Tables)

LOANS RECEIVABLE - NET (Tables)	6 Months Ended
LOANS RECEIVABLE - NET (Tables)	Jun. 30, 2016
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Loans receivable consist of the following: June 30, 2016 December 31, 2015 (Dollars in thousands) Real estate - mortgage: One-to-four family residential $ 611,795 $ 607,807 Commercial and multi-family 84,644 84,075 Total real estate-mortgage 696,439 691,882 Real estate - construction: Residential 19,274 14,960 Commercial 5,126 3,595 Total real estate - construction 24,400 18,555 Commercial 20,412 21,383 Consumer: Home equity 48,769 51,001 Other consumer loans 287 431 Total consumer loans 49,056 51,432 Total loans 790,307 783,252 Net deferred loan cost 4,157 3,886 Allowance for loan losses (3,245) (3,190) Net total loans $ 791,219 $ 783,948
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Changes in the allowance for loan losses are as follows: Six months Ended June 30, 2016 2015 (Dollars in thousands) Balance, beginning of period $ 3,190 $ 3,760 Provision for loan loss 313 331 Charge-offs (258) (699) Recoveries Balance, end of period $ 3,245 $ 3,392
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	Non-performing assets segregated by class of loans are as follows: June 30, 2016 December 31, 2015 (Dollars in thousands) Real estate One-to-four family residential $ 2,605 $ 2,597 Commercial and multi-family 705 1,580 Real estate construction 143 143 Commercial 41 41 Consumer 237 601 Non-accrual loans 3,731 4,962 Troubled debt restructuring, non-accrual 390 708 Total non-performing loans 4,121 5,670 Real estate owned 1,662 1,814 Total non-performing assets $ 5,783 $ 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 Nonaccretable Accretable Carrying (Dollars in thousands) Balance at January 1, 2016 $ 38,621 $ (2,423) $ 426 $ 36,624 Principal reductions (3,028) (3,028) Charge-offs, net (752) 752 Accretion of loan discount (premium) (53) (53) Transfer between nonaccretable and accretable yield Settlement adjustments Balance at June 30, 2016 $ 34,841 $ (1,671) $ 373 $ 33,543 Contractual Nonaccretable Accretable Carrying (Dollars in thousands) Balance at January 1, 2015 $ 44,216 $ (2,540) $ 542 $ 42,218 Principal reductions (2,856) (2,856) Charge-offs, net (62) 62 Accretion of loan discount (premium) (58) (58) Transfer between nonaccretable and accretable yield Settlement adjustments Balance at June 30, 2015 $ 41,298 $ (2,478) $ 484 $ 39,304
Past Due Financing Receivables [Table Text Block]	An age analysis of past due loans, segregated by class of loans, as of June 30, 2016 and December 31, 2015 are as follows: 30-59 60-89 Greater Total Past Current Total (Dollars in thousands) June 30, 2016 Real estate 1-4 family residential $ 1,844 $ $ 2,976 $ 4,820 $ 606,975 $ 611,795 Commercial and multi-family 705 705 83,939 84,644 Construction 143 143 24,257 24,400 Commercial 41 41 20,371 20,412 Consumer 257 88 236 581 48,475 49,056 Total $ 2,101 $ 88 $ 4,101 $ 6,290 $ 784,017 $ 790,307 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) June 30, 2016 With no related allowance recorded Real Estate 1-4 Family Residential $ 5,617 $ 5,785 $ $ 144 Commercial and Multi-Family 671 670 168 Construction 143 143 143 Commercial 41 41 41 Consumer 807 807 58 With an allowance recorded Real Estate 1-4 Family Residential 3,219 3,279 622 293 Commercial and Multi-Family 285 310 132 285 Construction Commercial 168 168 4 168 Consumer 275 320 52 69 Total Real Estate 1-4 Family Residential $ 8,836 $ 9,064 $ 622 $ 177 Commercial and Multi-Family 956 980 132 191 Construction 143 143 143 Commercial 209 209 4 104 Consumer 1,082 1,127 52 60 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 Commercial Consumer 179 179 4 179 Total 434 479 179 72 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
Schedule of Financial Receivable, Reported Amounts, by Category [Table Text Block]	The following table presents classified loans by class of loans as of June 30, 2016 and December 31, 2015. Real Estate 1-4 Family Commercial Construction Commercial Consumer 6/30/2016 12/31/2015 6/30/2016 12/31/2015 6/30/2016 12/31/2015 6/30/2016 12/31/2015 6/30/2016 12/31/2015 (Dollars in thousands) Grade: Special Mention $ 3,827 $ 3,182 $ 677 $ 321 $ $ $ $ $ 1,022 $ 807 Substandard 7,396 7,916 3,063 3,989 143 143 548 557 763 1,272 Doubtful and Loss Total $ 11,223 $ 11,098 $ 3,740 $ 4,310 $ 143 $ 143 $ 548 $ 557 $ 1,785 $ 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 June 30, 2016 and December 31, 2015. Real Estate 1-4 Family Commercial Construction Commercial Consumer 6/30/2016 12/31/2015 6/30/2016 12/31/2015 6/30/2016 12/31/2015 6/30/2016 12/31/2015 6/30/2016 12/31/2015 (Dollars in thousands Performing $ 609,190 $ 605,210 $ 83,939 $ 82,495 $ 24,257 $ 18,412 $ 20,371 $ 21,342 $ 48,819 $ 50,831 Non-Performing 2,605 2,597 705 1,580 143 143 41 41 237 601 Total $ 611,795 $ 607,807 $ 84,644 $ 84,075 $ 24,400 $ 18,555 $ 20,412 $ 21,383 $ 49,056 $ 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 six month periods ended June 30, 2016 and 2015. Allocation of a portion of the allowance to one category does not preclude its availability to absorb losses in other categories. Real Estate 1-4 Family Commercial Construction Commercial Consumer Total (Dollars in thousands) June 30, 2016 Allowance for credit losses: Beginning Balance $ 2,051 $ 240 $ 25 $ 236 $ 638 $ 3,190 Charge-offs (78) (84) (96) (258) Recoveries Provision for loan losses 52 288 10 152 (189) 313 Ending balance $ 2,025 $ 444 $ 35 $ 388 $ 353 $ 3,245 Ending balance: individually evaluated for impairment $ 622 $ 132 $ $ 4 $ 52 $ 810 Ending balance: collectively evaluated for impairment $ 1,403 $ 312 $ 35 $ 384 $ 301 $ 2,435 Loan Receivables: Ending balance $ 611,795 $ 84,644 $ 24,400 $ 20,412 $ 49,056 $ 790,307 Ending balance: individually evaluated for impairment $ 8,836 $ 956 $ 143 $ 209 $ 1,082 $ 11,226 Ending balance: collectively evaluated for impairment $ 602,959 $ 83,688 $ 24,257 $ 20,203 $ 47,974 $ 779,081 June 30, 2015 Allowance for credit losses: Beginning Balance $ 2,318 $ 625 $ 33 $ 380 $ 404 $ 3,760 Charge-offs (221) (24) (306) (148) (699) Recoveries Provision for loan losses 117 (299) 1 276 236 331 Ending balance $ 2,214 $ 302 $ 34 $ 350 $ 492 $ 3,392 Ending balance: individually evaluated for impairment $ 623 $ 23 $ $ 4 $ 34 $ 684 Ending balance: collectively evaluated for impairment $ 1,591 $ 279 $ 34 $ 346 $ 458 $ 2,708 Loan Receivables: Ending balance $ 593,633 $ 88,324 $ 22,359 $ 22,740 $ 53,483 $ 780,539 Ending balance: individually evaluated for impairment $ 9,857 $ 1,830 $ 143 $ 190 $ 1,060 $ 13,080 Ending balance: collectively evaluated for impairment $ 583,776 $ 86,494 $ 22,216 $ 22,550 $ 52,423 $ 767,459

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
DEPOSITS (Tables)	Jun. 30, 2016
Banking and Thrift [Abstract]
Deposit Liabilities Disclosure [Table Text Block]	Deposits consist of the following major classifications: June 30, 2016 December 31, 2015 Weighted Weighted Average Average Amount Interest Rate Amount Interest Rate (Dollars in thousands) NOW and other demand deposit accounts $ 438,196 0.13 % $ 457,488 0.13 % Passbook savings and club accounts 180,438 0.20 % 174,640 0.20 % Subtotal 618,634 632,128 Certificates with original maturities: Within one year 25,887 0.30 % 29,341 0.30 % One to three years 139,453 0.98 % 127,813 1.03 % Three years and beyond 22,727 1.51 % 22,751 1.56 % Total certificates 188,067 179,905 Total $ 806,701 $ 812,033

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
EARNINGS PER SHARE (Tables)	Jun. 30, 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 June 30, Six Months Ended June 30, 2016 2015 2016 2015 (Dollars in thousands, except per share data) Numerator Net Income $ 1,776 $ 1,739 $ 3,532 $ 3,452 Denominators: Basic average shares outstanding 6,140,839 5,920,475 6,134,000 5,952,732 Effect of dilutive common stock equivalents 108,714 115,532 108,418 110,134 Diluted average shares outstanding 6,249,553 6,036,007 6,242,418 6,062,866 Earnings per share: Basic $ 0.29 $ 0.29 $ 0.58 $ 0.58 Diluted $ 0.28 $ 0.29 $ 0.57 $ 0.57

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
STOCK-BASED COMPENSATION (Tables)	Jun. 30, 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 June 30, 2016 and 2015 and changes during the three months ended June 30, 2016 and 2015 are presented below: Six Months Ended Six Months Ended Number Weighted Number Weighted Outstanding at the beginning of the period 380,407 $ 11.46 674,391 $ 12.15 Granted Exercised 9,620 11.14 119,511 13.04 Forfeited 2,160 13.56 1,000 10.21 Outstanding at the end of the period 368,627 $ 11.45 553,880 $ 11.96 Exercisable at the end of the period 316,273 $ 11.10 425,537 $ 11.85 Stock options vested or expected to vest (1) 284,646 $ 11.10 382,983 $ 11.85 (1) Includes vested shares and non-vested shares after a forfeiture rate, which is based upon historical data, is applied.
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block]	The following table summarizes all stock options outstanding under the Equity Plans as of June 30, 2016: Options Outstanding Date Issued Number of Weighted Average Weighted Average November 21, 2006 14,506 $ 14.78 0.4 years November 20, 2007 17,274 $ 11.32 1.4 years August 18, 2010 201,959 $ 10.21 4.1 years March 15, 2011 13,600 $ 12.06 4.7 years August 17, 2011 43,998 $ 11.53 5.1 years November 19, 2012 14,100 $ 13.10 6.4 years November 19, 2013 63,190 $ 14.14 7.4 years Total 368,627 $ 11.45 4.6 years
Schedule of Nonvested Share Activity [Table Text Block]	Summary Six Months ended Six Months ended Number Weighted avg Number Weighted avg Beginning of period 26,610 $ 14.06 54,950 $ 10.74 Issued Forfeited Vested 990 $ 12.06 990 $ 12.06 Outstanding at June 30, 2015 25,620 $ 14.14 53,960 $ 12.73

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
STOCKHOLDERS' EQUITY (Tables)	Jun. 30, 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 six months ended June 30, 2016 and 2015 are presented below: Unrealized Loss on Post Accumulated (Dollars in thousands) Beginning balance - 01/01/2016 $ (1,254) $ (133) $ (1,387) Current period change 1,062 6 1,068 Tax benefit (433) - (433) Ending balance 06/30/2016 $ (625) $ (127) $ (752) Unrealized Loss on Post Accumulated (Dollars in thousands) Beginning balance - 01/01/2015 $ (1,282) $ (169) $ (1,451) Current period change 222 11 233 Tax benefit (89) - (89) Ending balance 06/30/2015 $ (1,149) $ (158) $ (1,307)

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	The following tables present assets that are measured at fair value on a recurring basis by major product category and fair value hierarchy as of June 30, 2016 and December 31, 2015: Category Used for Fair Value Measurement June 30, 2016 Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Securities available for sale: U.S. government sponsored entity mortgage-backed securities $ $ 102,105 $ U.S. Treasury and federal agencies 33 Corporate securities 4,646 Equity securities 5 Totals $ 5 $ 106,784 $ Category Used for Fair Value Measurement December 31, 2015 Level 1 Level 2 Level 3 (Dollars in thousands) Assets: 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 Category Used for Fair Value Measurement Six Month Total Level 1 Level 2 Level 3 Total (Dollars in thousands) June 30, 2016 Assets: Impaired loans $ 3,177 $ - $ 317 $ 2,860 $ (103) Real estate owned 646 - 329 317 (140) June 30, 2015 Assets: Impaired loans $ 3,854 $ - $ 1,756 $ 2,098 $ (39) Real estate owned 780 - 780 - (365)
Fair Value, by Balance Sheet Grouping [Table Text Block]	The following table summarizes these results: Category Used For Fair Value June 30, 2016 Carrying Amount Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Cash and cash equivalents $ 86,205 $ 86,205 $ $ Investment securities: Held to maturity 842 896 Available for sale 106,789 5 106,784 Loans receivable, net 791,219 813,530 Federal Home Loan Bank stock 5,875 5,875 Liabilities: NOW and other demand deposit accounts 438,196 433,627 Passbook savings and club accounts 180,438 176,021 Certificates 188,067 189,265 Advances from Federal Home Loan Bank 105,000 113,084 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 457,486 476,186 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)	6 Months Ended
REAL ESTATE OWNED (Tables)	Jun. 30, 2016
Real Estate [Abstract]
Schedule of Real Estate Properties [Table Text Block]	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 Real Estate Owned 230 815 1,045 777 195 972 Sales of Real Estate Owned (847) (350) (1,197) (429) - (429) Balance, June 30, $ 1,156 $ 506 $ 1,662 $ 957 $ 236 $ 1,193

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Held to Maturity
Held to Maturity, Amortized Cost	$ 842	$ 1,084
Held to Maturity, Gross Unrealized Gain	54	53
Held to Maturity, Gross Unrealized Loss	0	0
Held to Maturity, Estimated Fair Value	896	1,137
Available for Sale
Available for Sale, Amortized Cost	107,763	113,944
Available for Sale, Gross Unrealized Gain	547	295
Available for Sale, Gross Unrealized Loss	(1,521)	(2,331)
Available for Sale, Estimated Fair Value	106,789	111,908
US treasury and government sponsored entity mortgage-backed securities [Member]
Held to Maturity
Held to Maturity, Amortized Cost	467	507
Held to Maturity, Gross Unrealized Gain	54	53
Held to Maturity, Gross Unrealized Loss	0	0
Held to Maturity, Estimated Fair Value	521	560
Available for Sale
Available for Sale, Amortized Cost	102,049	94,248
Available for Sale, Gross Unrealized Gain	535	223
Available for Sale, Gross Unrealized Loss	(479)	(1,489)
Available for Sale, Estimated Fair Value	102,105	92,982
Corporate [Member]
Available for Sale
Available for Sale, Amortized Cost	5,678	9,660
Available for Sale, Gross Unrealized Gain	10	26
Available for Sale, Gross Unrealized Loss	(1,042)	(842)
Available for Sale, Estimated Fair Value	4,646	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	2	39
Available for Sale, Gross Unrealized Loss	0	0
Available for Sale, Estimated Fair Value	5	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	Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value	$ 0	$ 20,704
Less Than 12 Months, Gross Unrealized Loss	0	(217)
12 Months or Longer, Estimated Fair Value	41,949	54,664
12 Months or Longer, Gross Unrealized Loss	(1,521)	(2,114)
Estimated Fair Value, Total	41,949	75,368
Gross Unrealizd Loss, Total	(1,521)	(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	(1,042)	(842)
Estimated Fair Value, Total	2,645	2,843
Gross Unrealizd Loss, Total	(1,042)	(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	0	20,704
Less Than 12 Months, Gross Unrealized Loss	0	(217)
12 Months or Longer, Estimated Fair Value	39,304	51,821
12 Months or Longer, Gross Unrealized Loss	(479)	(1,272)
Estimated Fair Value, Total	39,304	72,525
Gross Unrealizd Loss, Total	$ (479)	$ (1,489)

INVESTMENT SECURITIES (Detail29

INVESTMENT SECURITIES (Details 2) $ in Thousands	Jun. 30, 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
Held to Maturity, Estimated Fair Value, Total	375
Available for Sale Securities, Amortized Cost, Due within 1 year	1,990
Available for Sale Securities, Estimated Fair Value, Due within 1 year	2,000
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	3,688
Available for Sale Securities, Estimated Fair Value, Due after 10 years	2,646
Available for Sale Securities, Amortized Cost, Total	5,711
Available for Sale Securities, Estimated Fair Value, Total	$ 4,679

INVESTMENT SECURITIES (Detail30

INVESTMENT SECURITIES (Details Textual) - USD ($) $ in Thousands	Jun. 30, 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	5
Mortgage-backed Securities, Amortized Cost	102,500
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure	102,600
Available-for-sale Securities Pledged as Collateral	$ 101,200	$ 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	1.20%

LOANS RECEIVABLE - NET (Details

LOANS RECEIVABLE - NET (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Real estate - mortgage:
Total real estate-mortgage	$ 696,439	$ 691,882
Real estate - construction:
Total real estate - construction	24,400	18,555
Total loans	790,307	783,252
Net deferred loan cost	4,157	3,886
Allowance for loan losses	(3,245)	(3,190)
Net total loans	791,219	783,948
Commercial Portfolio Segment [Member]
Real estate - construction:
Gross Loans	20,412	21,383
Consumer Portfolio Segment [Member]
Real estate - construction:
Gross Loans	49,056	51,432
Home Equity [Member] \| Consumer Portfolio Segment [Member]
Real estate - construction:
Gross Loans	48,769	51,001
One To Four Family Residential [Member]
Real estate - mortgage:
Total real estate-mortgage	611,795	607,807
Real estate - construction:
Total loans	611,795	607,807
Commercial and Multi Family [Member]
Real estate - mortgage:
Total real estate-mortgage	84,644	84,075
Real estate - construction:
Total loans	84,644	84,075
Residential [Member]
Real estate - construction:
Total real estate - construction	19,274	14,960
Commercial Loan [Member]
Real estate - construction:
Total real estate - construction	5,126	3,595
Total loans	20,412	21,383
Other Consumer Loans [Member] \| Consumer Portfolio Segment [Member]
Real estate - construction:
Gross Loans	$ 287	$ 431

LOANS RECEIVABLE - NET (Detai32

LOANS RECEIVABLE - NET (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
LOANS RECEIVABLE - NET (Details 1) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance, beginning of period			$ 3,190	$ 3,760
Provision for loan loss	$ 161	$ 178	313	331
Charge-offs			(258)	(699)
Recoveries			0	0
Balance, end of period	$ 3,245	$ 3,392	$ 3,245	$ 3,392

LOANS RECEIVABLE - NET (Detai33

LOANS RECEIVABLE - NET (Details 2) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 3,731	$ 4,962
Troubled debt restructuring, non-accrual	390	708
Total non-performing loans	4,121	5,670
Real estate owned	1,662	1,814
Total non-performing assets	5,783	7,484
One To Four Family Residential [Member] \| Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	2,605	2,597
Commercial and Multi Family [Member] \| Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	705	1,580
Construction [Member] \| Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	143	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	$ 237	$ 601

LOANS RECEIVABLE - NET (Detai34

LOANS RECEIVABLE - NET (Details 3) - USD ($) $ in Thousands	6 Months Ended
LOANS RECEIVABLE - NET (Details 3) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contractual Receivable Amount, Beginning Balance	$ 38,621	$ 44,216
Contractual Receivable Amount, Principal reductions	(3,028)	(2,856)
Contractual Receivable Amount, Charge-offs, net	(752)	(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, Settlement Adjustments	0	0
Contractual Receivable Amount, Ending Balance	34,841	41,298
Nonaccretable (Yield) / Premium, Beginning Balance	(2,423)	(2,540)
Nonaccretable (Yield) / Premium, Principal reductions	0	0
Nonaccretable (Yield) / Premium, Charge-offs, net	752	62
Nonaccretable (Yield) / Premium, Accretion of loan discount (premium)	0	0
Nonaccretable (Yield) / Transfer between nonaccretable and accretable yield	0	0
Nonaccretable (Yield) / Settlement Adjustments	0	0
Nonaccretable (Yield) / Premium, Ending Balance	(1,671)	(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)	(53)	(58)
Accretable (Yield) / Transfer between nonaccretable and accretable yield	0	0
Accretable (Yield) / Settlement Adjustments	0	0
Accretable (Yield) / Premuim, Ending Balance	373	484
Carrying Amount, Beginning Balance	36,624	42,218
Carrying Amount, Principal Reductions	(3,028)	(2,856)
Carrying Amount, Charge-offs, net	0	0
Carrying Amount, Accretion of loan discount (premium)	(53)	(58)
Carrying Amount, Transfer between nonaccretable and accretable yield	0	0
Carrying Amount, Settlement Adjustments	0	0
Carrying Amount, Ending Balance	$ 33,543	$ 39,304

LOANS RECEIVABLE - NET (Detai35

LOANS RECEIVABLE - NET (Details 4) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Real estate
Total Past Due	$ 6,290	$ 6,930
Current	784,017	776,322
Total Loan Receivables	790,307	783,252
Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate
Total Past Due	2,101	1,576
Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate
Total Past Due	88	21
Financing Receivables, Greater than 90 Days Past Due [Member]
Real estate
Total Past Due	4,101	5,333
One To Four family residential [Member]
Real estate
Total Past Due	4,820	4,451
Current	606,975	603,356
Total Loan Receivables	611,795	607,807
One To Four family residential [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate
Total Past Due	1,844	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	2,976	2,968
Commercial and multi-family [Member]
Real estate
Total Past Due	705	1,580
Current	83,939	82,495
Total Loan Receivables	84,644	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	705	1,580
Construction [Member]
Real estate
Total Past Due	143	143
Current	24,257	18,412
Total Loan Receivables	24,400	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	143	143
Commercial Loan [Member]
Real estate
Total Past Due	41	41
Current	20,371	21,342
Total Loan Receivables	20,412	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	581	715
Current	48,475	50,717
Total Loan Receivables	49,056	51,432
Consumer Loan [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate
Total Past Due	257	93
Consumer Loan [Member] \| Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate
Total Past Due	88	21
Consumer Loan [Member] \| Financing Receivables, Greater than 90 Days Past Due [Member]
Real estate
Total Past Due	$ 236	$ 601

LOANS RECEIVABLE - NET (Detai36

LOANS RECEIVABLE - NET (Details 5) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
LOANS RECEIVABLE - NET (Details 5) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, With no related allowance recorded, Recorded Investment		$ 434
Impaired Financing Receivable, With no related allowance recorded, Unpaid Principal Balance		479
Impaired Financing Receivable, With no related allowance recorded, Related Allowance		179
Impaired Financing Receivable, With no related allowance recorded, Average Recorded Investment		72
One To Four Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, With no related allowance recorded, Recorded Investment	$ 5,617	6,103
Impaired Financing Receivable, With no related allowance recorded, Unpaid Principal Balance	5,785	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	144	153
Impaired Financing Receivable, With an allowance recorded, Recorded Investment	3,219	3,758
Impaired Financing Receivable, With an allowance recorded, Unpaid Principal Balance	3,279	3,868
Impaired Financing Receivable, With an allowance recorded, Related Allowance	622	599
Impaired Financing Receivable, With an allowance recorded, Average Recorded Investment	293	268
Recorded Investment	8,836	9,861
Unpaid Principal Balance	9,064	10,188
Related Allowance	622	599
Average Recorded Investment	177	183
Commercial and Multi Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, With no related allowance recorded, Recorded Investment	671	1,545
Impaired Financing Receivable, With no related allowance recorded, Unpaid Principal Balance	670	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	168	257
Impaired Financing Receivable, With an allowance recorded, Recorded Investment	285	285
Impaired Financing Receivable, With an allowance recorded, Unpaid Principal Balance	310	310
Impaired Financing Receivable, With an allowance recorded, Related Allowance	132	23
Impaired Financing Receivable, With an allowance recorded, Average Recorded Investment	285	285
Recorded Investment	956	1,830
Unpaid Principal Balance	980	1,855
Related Allowance	132	23
Average Recorded Investment	191	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
Impaired Financing Receivable, With an allowance recorded, Unpaid Principal Balance	0
Impaired Financing Receivable, With an allowance recorded, Related Allowance	0
Impaired Financing Receivable, With an allowance recorded, Average Recorded Investment	0
Recorded Investment	143	143
Unpaid Principal Balance	143	143
Related Allowance	0	0
Average Recorded Investment	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	168	0
Impaired Financing Receivable, With an allowance recorded, Unpaid Principal Balance	168	0
Impaired Financing Receivable, With an allowance recorded, Related Allowance	4	0
Impaired Financing Receivable, With an allowance recorded, Average Recorded Investment	168	0
Recorded Investment	209	220
Unpaid Principal Balance	209	220
Related Allowance	4	4
Average Recorded Investment	104	110
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, With no related allowance recorded, Recorded Investment	807	1,187
Impaired Financing Receivable, With no related allowance recorded, Unpaid Principal Balance	807	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	58	66
Impaired Financing Receivable, With an allowance recorded, Recorded Investment	275	179
Impaired Financing Receivable, With an allowance recorded, Unpaid Principal Balance	320	179
Impaired Financing Receivable, With an allowance recorded, Related Allowance	52	4
Impaired Financing Receivable, With an allowance recorded, Average Recorded Investment	69	179
Recorded Investment	1,082	1,621
Unpaid Principal Balance	1,127	1,666
Related Allowance	52	179
Average Recorded Investment	$ 60	$ 68

LOANS RECEIVABLE - NET (Detai37

LOANS RECEIVABLE - NET (Details 6) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
One To Four Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	$ 11,223	$ 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	3,827	3,182
One To Four Family Residential [Member] \| Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	7,396	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	3,740	4,310
Commercial and Multi Family [Member] \| Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	677	321
Commercial and Multi Family [Member] \| Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	3,063	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	548	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	548	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	1,785	2,079
Consumer Loan [Member] \| Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	1,022	807
Consumer Loan [Member] \| Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Classified loans by class of loans	763	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 7) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	$ 790,307	$ 783,252
One To Four Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	611,795	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	609,190	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	2,605	2,597
Commercial and Multi Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	84,644	84,075
Commercial and Multi Family [Member] \| Performing Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	83,939	82,495
Commercial and Multi Family [Member] \| Nonperforming Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	705	1,580
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	24,400	18,555
Construction [Member] \| Performing Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	24,257	18,412
Construction [Member] \| Nonperforming Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	143	143
Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	20,412	21,383
Commercial Loan [Member] \| Performing Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	20,371	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	49,056	51,432
Consumer Loan [Member] \| Performing Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	48,819	50,831
Consumer Loan [Member] \| Nonperforming Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile of loans	$ 237	$ 601

LOANS RECEIVABLE - NET (Detai39

LOANS RECEIVABLE - NET (Details 8) - USD ($) $ in Thousands	6 Months Ended
LOANS RECEIVABLE - NET (Details 8) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Allowance for credit losses:
Balance, beginning of period	$ 3,190	$ 3,760
Charge-offs	(258)	(699)
Recoveries	0	0
Provision for loan losses	313	331
Balance, end of period	3,245	3,392
Ending balance: individually evaluated for impairment	810	684
Ending balance: collectively evaluated for impariment	2,435	2,708
Loan Receivables:
Ending balance	790,307	780,539
Ending balance: individually evaluated for impairment	11,226	13,080
Ending balance: collectively evaluated for impariment	779,081	767,459
One To Four Family Residential [Member]
Allowance for credit losses:
Balance, beginning of period	2,051	2,318
Charge-offs	(78)	(221)
Recoveries	0	0
Provision for loan losses	52	117
Balance, end of period	2,025	2,214
Ending balance: individually evaluated for impairment	622	623
Ending balance: collectively evaluated for impariment	1,403	1,591
Loan Receivables:
Ending balance	611,795	593,633
Ending balance: individually evaluated for impairment	8,836	9,857
Ending balance: collectively evaluated for impariment	602,959	583,776
Commercial and Multi Family [Member]
Allowance for credit losses:
Balance, beginning of period	240	625
Charge-offs	(84)	(24)
Recoveries	0	0
Provision for loan losses	288	(299)
Balance, end of period	444	302
Ending balance: individually evaluated for impairment	132	23
Ending balance: collectively evaluated for impariment	312	279
Loan Receivables:
Ending balance	84,644	88,324
Ending balance: individually evaluated for impairment	956	1,830
Ending balance: collectively evaluated for impariment	83,688	86,494
Construction [Member]
Allowance for credit losses:
Balance, beginning of period	25	33
Charge-offs	0	0
Recoveries	0	0
Provision for loan losses	10	1
Balance, end of period	35	34
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impariment	35	34
Loan Receivables:
Ending balance	24,400	22,359
Ending balance: individually evaluated for impairment	143	143
Ending balance: collectively evaluated for impariment	24,257	22,216
Commercial Loan [Member]
Allowance for credit losses:
Balance, beginning of period	236	380
Charge-offs	0	(306)
Recoveries	0	0
Provision for loan losses	152	276
Balance, end of period	388	350
Ending balance: individually evaluated for impairment	4	4
Ending balance: collectively evaluated for impariment	384	346
Loan Receivables:
Ending balance	20,412	22,740
Ending balance: individually evaluated for impairment	209	190
Ending balance: collectively evaluated for impariment	20,203	22,550
Consumer Loan [Member]
Allowance for credit losses:
Balance, beginning of period	638	404
Charge-offs	(96)	(148)
Recoveries	0	0
Provision for loan losses	(189)	236
Balance, end of period	353	492
Ending balance: individually evaluated for impairment	52	34
Ending balance: collectively evaluated for impariment	301	458
Loan Receivables:
Ending balance	49,056	53,483
Ending balance: individually evaluated for impairment	1,082	1,060
Ending balance: collectively evaluated for impariment	$ 47,974	$ 52,423

LOANS RECEIVABLE - NET (Detai40

LOANS RECEIVABLE - NET (Details Textual) $ in Thousands	3 Months Ended	6 Months Ended
LOANS RECEIVABLE - NET (Details Textual) $ in Thousands	Jun. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled Debt Restructuring, Carrying Value	$ 4,500	$ 4,500	$ 4,300
Loans and Leases Receivable, Impaired, Nonperforming, Nonaccrual of Interest	$ 1,500	$ 1,500	$ 390
Financing Receivable, Modifications, Number of Contracts	3	5
Loan Restructuring, Trial Modifications, Amount	$ 276	$ 633

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Deposits [Line Items]
NOW and other demand deposit accounts	$ 438,196	$ 457,488
Passbook savings and club accounts	180,438	174,640
Subtotal	618,634	632,128
Certificates with original maturities:
Within one year	25,887	29,341
One to three years	139,453	127,813
Three years and beyond	22,727	22,751
Total certificates	188,067	179,905
Total	$ 806,701	$ 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	0.98%	1.03%
Weighted Average Interest Rate, Three years and beyond	1.51%	1.56%

DEPOSITS (Details Textual)

DEPOSITS (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Deposits [Line Items]
Time Deposits, $100 thousand or more	$ 77,400	$ 70,600
Cash, Uninsured Amount	250
Municipal Demand Deposits, $100 thousand or more	$ 163,900	$ 194,600

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earning Per Share [Line Items]
Numerator - Net Income	$ 1,776	$ 1,739	$ 3,532	$ 3,452
Denominators:
Basic average shares outstanding	6,140,839	5,920,475	6,134,000	5,952,732
Effect of dilutive common stock equivalents	108,714	115,532	108,418	110,134
Diluted average shares outstanding	6,249,553	6,036,007	6,242,418	6,062,866
Earnings per share:
Basic	$ 0.29	$ 0.29	$ 0.58	$ 0.58
Diluted	$ 0.28	$ 0.29	$ 0.57	$ 0.57

EARNINGS PER SHARE (Details Tex

EARNINGS PER SHARE (Details Textual) - shares	6 Months Ended
EARNINGS PER SHARE (Details Textual) - shares	Jun. 30, 2016	Jun. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	278,896	469,360
Weighted Average Number Of Non Vested Shares Outstanding Diluted	25,620	53,960

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - $ / shares		6 Months Ended
STOCK-BASED COMPENSATION (Details) - $ / shares		Jun. 30, 2016	Jun. 30, 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)		9,620	119,511
Number of shares, Forfeited (in shares)		2,160	1,000
Number of shares, Outstanding at the end of the period (in shares)		368,627	553,880
Number of shares, Exercisable at the end of the period (in shares)		316,273	425,537
Number of shares, Stock options vested or expected to vest (in shares)	[1]	284,646	382,983
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)		11.14	13.04
Weighted average exercise price, Forfeited (in dollars per share)		13.56	10.21
Weighted average exercise price, Outstanding at the end of the period (in dollars per share)		11.45	11.96
Weighted average exercise price, Exercisable at the end of the period (in dollars per share)		11.1	11.85
Weighted average exercise price, Stock options vested or expected to vest (in dollars per share)	[1]	$ 11.1	$ 11.85

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

STOCK-BASED COMPENSATION (Det46

STOCK-BASED COMPENSATION (Details 1) - $ / shares	6 Months Ended
STOCK-BASED COMPENSATION (Details 1) - $ / shares	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	368,627	380,407	553,880	674,391
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 11.45
Options Outstanding, Weighted Average Remaining Contractual Life	4 years 7 months 6 days
Date Of Issued November 21 2006 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	14,506
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 14.78
Options Outstanding, Weighted Average Remaining Contractual Life	4 months 24 days
Date Of Issued November 20 2007 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	17,274
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 11.32
Options Outstanding, Weighted Average Remaining Contractual Life	1 year 4 months 24 days
Date Of Issued August 18 2010 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	201,959
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 10.21
Options Outstanding, Weighted Average Remaining Contractual Life	4 years 1 month 6 days
Date Of Issued March 15 2011 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	13,600
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 12.06
Options Outstanding, Weighted Average Remaining Contractual Life	4 years 8 months 12 days
Date Of Issued August 17 2011 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	43,998
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 11.53
Options Outstanding, Weighted Average Remaining Contractual Life	5 years 1 month 6 days
Date Of Issued November 19 2012 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	14,100
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 13.1
Options Outstanding, Weighted Average Remaining Contractual Life	6 years 4 months 24 days
Date of Issued November 19 2013 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number of Shares (in shares)	63,190
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 14.14
Options Outstanding, Weighted Average Remaining Contractual Life	7 years 4 months 24 days

STOCK-BASED COMPENSATION (Det47

STOCK-BASED COMPENSATION (Details 2) - $ / shares	6 Months Ended
STOCK-BASED COMPENSATION (Details 2) - $ / shares	Jun. 30, 2016	Jun. 30, 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		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 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	$ 90	$ 92
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Total Unrecognized Compensation Cost			163
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total	287		$ 287
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 1 month 6 days
Share-Based Compensation			$ 451	506
Non vested Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation	$ 30	$ 81	$ 63	$ 162

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($) $ in Millions	6 Months Ended
INCOME TAXES (Details Textual) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Charitable Contributions, Percent	33.70%	33.40%
Increase (Decrease) in Deferred Income Taxes	$ 1.8	$ 1.7

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($) $ in Thousands	6 Months Ended
STOCKHOLDERS' EQUITY (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Unrealized Gain (Loss) on Available for Sale Securities, Beginning balance	$ (1,254)	$ (1,282)
Unrealized Gain (Loss) on Available for Sale Securities, Current period change	1,062	222
Unrealized Gain (Loss) on Available for Sale Securities, Tax benefit	(433)	(89)
Unrealized Gain (Loss) on Available for Sale Securities, Ending Balance	(625)	(1,149)
Loss on Post Retirement Life Benefit, Beginning balance	(133)	(169)
Loss on Post Retirement Life Benefit, Current period change	6	11
Loss on Post Retirement Life Benefit, Tax benefit	0	0
Loss on Post Retirement Life Benefit, Ending Balance	(127)	(158)
Accumulated Other Comprehensive Income, Beginning balance	(1,387)	(1,451)
Accumulated Other Comprehensive Income, Current period change	1,068	233
Accumulated Other Comprehensive Income, Tax benefit	(433)	(89)
Accumulated Other Comprehensive Income, Ending Balance	$ (752)	$ (1,307)

STOCKHOLDERS' EQUITY (Details T

STOCKHOLDERS' EQUITY (Details Textual)	6 Months Ended
STOCKHOLDERS' EQUITY (Details Textual)	Jun. 30, 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	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	$ 106,789	$ 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	102,105	92,982
Corporate securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	4,646	8,844
Equity Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	5	42
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	5	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	5	42
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available For Sale Securities Fair Value	106,784	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	102,105	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	4,646	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	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Assets:
Impaired loans	$ 3,177	$ 3,854
Real estate owned	646	780
Impaired loans, (Losses) Gains	(103)	(39)
Real estate owned, (Losses) Gains	(140)	(365)
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	317	1,756
Real estate owned	329	780
Fair Value, Inputs, Level 3 [Member]
Assets:
Impaired loans	2,860	2,098
Real estate owned	$ 317	$ 0

FAIR VALUE MEASUREMENTS (Deta54

FAIR VALUE MEASUREMENTS (Details 2) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents, Carrying Amount	$ 86,205	$ 87,710	$ 63,853	$ 80,307
Investment securities, Carrying Amount
Held to maturity, Carrying Amount	842	1,084
Available for sale, Carrying Amount	106,789	111,908
Loans receivable, net, Carrying Amount	791,219	783,948
Federal Home Loan Bank stock, Carrying Amount	5,875	5,864
LIABILITIES:
NOW and other demand deposit accounts, Carrying Amount	438,196	457,488
Passbook savings and club accounts, Carrying Amount	180,438	174,640
Certificates, Carrying Amount	188,067	179,905
Advances from Federal Home Loan Bank, Carrying Amount	105,000	105,000
Investment securities, Estimated Fair Value
Held to maturity, Fair Value	896	1,137
Fair Value, Inputs, Level 1 [Member]
Investment securities, Carrying Amount
Available for sale, Carrying Amount	5	42
Assets, Estimated Fair Value
Cash and cash equivalents, Fair Value	86,205	87,710
Investment securities, Estimated Fair Value
Held to maturity, Fair Value	0	0
Available for sale, Fair Value	5	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	106,784	111,866
Assets, Estimated Fair Value
Cash and cash equivalents, Fair Value	0	0
Investment securities, Estimated Fair Value
Held to maturity, Fair Value	896	1,137
Available for sale, Fair Value	106,784	111,866
Loans receivable, net, Fair Value	813,530	793,597
Federal Home Loan Bank stock, Fair Value	5,875	5,864
Liabilities, Estimated Fair Value
NOW and other demand deposit accounts, Fair Value	433,627	476,186
Passbook savings and club accounts, Fair Value	176,021	183,352
Certificates, Fair Value	189,265	180,624
Advances from Federal Home Loan Bank, Fair Value	113,084	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	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value of Loans Remeasured	$ 3,200	$ 4,000
Prior to Remeasurement of Loans	3,300	4,000
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Properties Prior to Remeasurement of Loans		786
Fair Value Remeasurement Gain Loss On Impaired Loan	103	39
Fair Value Remeasurement Gain Loss On Real Estate Owned	1,000	$ 140
Proceeds from Sale of Real Estate	$ 400

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 4,630	$ 4,630
Intangible Assets, Net (Excluding Goodwill)	391	440
Core Deposits [Member]
Goodwill And Intangible Assets [Line Items]
Intangible Assets, Net (Excluding Goodwill)	$ 391	$ 440
Finite-Lived Intangible Assets, Remaining Amortization Period	15 years

REAL ESTATE OWNED (Details)

REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	6 Months Ended
REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Real Estate Properties [Line Items]
Balance, January 1,	$ 1,814	$ 650
Transfers into Real Estate Owned	1,045	972
Sales of Real Estate Owned	(1,197)	(429)
Balance, June 30,	1,662	1,193
Residential Property [Member]
Real Estate Properties [Line Items]
Balance, January 1,	1,773	609
Transfers into Real Estate Owned	230	777
Sales of Real Estate Owned	(847)	(429)
Balance, June 30,	1,156	957
Commercial Property [Member]
Real Estate Properties [Line Items]
Balance, January 1,	41	41
Transfers into Real Estate Owned	815	195
Sales of Real Estate Owned	(350)	0
Balance, June 30,	$ 506	$ 236

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual) - Subsequent Event [Member]	Jul. 12, 2016$ / shares
Subsequent Event [Line Items]
Business Combination, Consideration Description	the Companys shareholders will be entitled to receive $4.35 in cash and 0.9667 shares of OceanFirst common stock, par value $0.01 per share (OceanFirst Common Stock and, together with such cash consideration, the Merger Consideration), for each share of Company common stock.
Business Acquisition, Share Price	$ 1.2084