Poage Bankshares (PBSK) 10-Q 14 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 13, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Entity Registrant Name	Poage Bankshares, Inc.
Entity Central Index Key	1,511,071
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	PBSK
Entity Common Stock, Shares Outstanding		3,948,244

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and due from financial institutions	$ 15,812	$ 16,967
Securities available for sale	67,862	65,262
Loans held for sale	0	712
Loans, net of allowance of $2,073 and $1,911	317,487	302,012
Restricted stock, at cost	3,276	2,921
Other real estate owned, net	1,459	1,858
Premises and equipment, net	10,789	9,257
Company owned life insurance	6,850	6,760
Accrued interest receivable	1,366	1,347
Goodwill	1,277	1,082
Other intangible assets, net	1,536	1,470
Deferred tax asset	2,590	2,341
Other assets	2,141	2,713
Total Assets	432,445	414,702
Deposits
Non-interest bearing	50,198	49,646
Interest bearing	290,218	273,492
Total deposits	340,416	323,138
Federal Home Loan Bank advances	14,948	17,952
Subordinated debenture	2,729	2,697
Accrued interest payable	123	47
Other liabilities	3,711	2,717
Total liabilities	$ 361,927	$ 346,551
Commitments and contingent liabilities
Shareholders' equity
Common stock, $.01 par value, 30,000,000 shares authorized, 3,952,944 and 3,876,455 issued and outstanding at June 30, 2015 and December 31, 2014 respectively	$ 40	$ 39
Additional paid-in-capital	38,611	37,978
Retained earnings	33,815	31,933
Unearned Employee Stock Ownership Plan (ESOP) shares	(2,192)	(2,259)
Accumulated other comprehensive income	244	460
Total shareholders' equity	70,518	68,151
Total liabilities and shareholders' equity	$ 432,445	$ 414,702

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
CONSOLIDATED BALANCE SHEETS
Loans allowance (in dollars)	$ 2,073	$ 1,911
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	3,952,944	3,876,455
Common stock, shares outstanding	3,952,944	3,876,455

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Interest and dividend income
Loans, including fees	$ 4,180	$ 4,275	$ 8,389	$ 6,844
Taxable securities	243	388	504	780
Tax exempt securities	105	146	207	271
Federal funds sold and other	36	34	70	60
Total Interest and Dividend Income	4,564	4,843	9,170	7,955
Interest expense
Deposits	450	439	897	797
Federal Home Loan Bank advances and other	102	114	205	211
Total Interest Expense	552	553	1,102	1,008
Net interest income	4,012	4,290	8,068	6,947
Provision for loan losses	394	0	485	0
Net interest income after provision for loan losses	3,618	4,290	7,583	6,947
Non-interest income
Service charges on deposits	491	489	932	727
Other service charges	11	7	21	13
Gains on mortgage banking activity	257	126	416	220
Net gains on sales of securities	0	294	0	294
Income from company owned life insurance	45	49	90	116
Bargain purchase gain	1,555	0	1,555	0
Other	2	5	47	8
Total Non-Interest Income	2,361	970	3,061	1,378
Non-interest expense
Salaries and employee benefits	1,870	2,172	3,713	3,447
Occupancy and equipment	394	476	791	778
Data processing	548	507	1,097	867
Federal deposit insurance	55	58	120	87
Loan processing and collection	90	92	161	121
Foreclosed assets, net	63	58	169	87
Advertising	42	51	80	91
Professional fees	251	413	437	784
Other taxes	87	58	182	117
Director fees and expenses	57	55	110	112
Amortization of intangible assets	80	74	161	74
Early termination fee and conversion costs	418	53	418	872
Other	294	470	565	744
Total Non-Interest Expense	4,249	4,537	8,004	8,181
Income before income taxes	1,730	723	2,640	144
Income tax expense	14	212	338	58
Net income	$ 1,716	$ 511	$ 2,302	$ 86
Basic and dilutive earnings per common share:
Net income, basic (in dollars per share)	$ 0.48	$ 0.14	$ 0.64	$ 0.03
Basic weighted average shares outstanding (in shares)	3,535,210	3,551,976	3,526,613	3,304,102
Net income, dilutive (in dollars per share)	$ 0.48	$ 0.14	$ 0.64	$ 0.03
Diluted weighted average shares outstanding (in shares)	3,535,210	3,551,976	3,526,613	3,304,102
Dividend per share (in dollars per share)	$ 0.06	$ 0.05	$ 0.11	$ 0.10

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income	$ 1,716	$ 511	$ 2,302	$ 86
Other comprehensive income (loss):
Unrealized holding gains (losses) on available for sale securities	(561)	1,068	(327)	1,825
Reclassification adjustments for (gains) losses recognized in income	0	(294)	0	(294)
Net unrealized holding gains (losses) on available for sale securities	(561)	774	(327)	1,531
Tax effect	191	(263)	111	(520)
Other comprehensive income (loss):	(370)	511	(216)	1,011
Comprehensive income	$ 1,346	$ 1,022	$ 2,086	$ 1,097

CONSOLIDATED STATEMENT OF SHARE

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Unearned ESOP Shares	Accumulated Other Comprehensive Income (Loss)
Balances at Dec. 31, 2014	$ 68,151	$ 39	$ 37,978	$ 31,933	$ (2,259)	$ 460
Net income	2,302	0	0	2,302	0	0
Issuance of 166,221 common shares, net of issuance costs	1,675	2	1,673	0	0	0
Stock repurchasing, 89,193 shares repurchased	(1,339)	(1)	(1,338)	0	0	0
Dividends paid ($0.11/share)	(420)	0	0	(420)	0	0
ESOP compensation earned	103	0	36	0	67	0
Stock based compensation expense, net of 539 forfeited shares	262	0	262	0	0	0
Other comprehensive income (loss)	(216)	0	0	0	0	(216)
Balances at Jun. 30, 2015	$ 70,518	$ 40	$ 38,611	$ 33,815	$ (2,192)	$ 244

CONSOLIDATED STATEMENT OF SHAR7

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Parenthetical) - 6 months ended Jun. 30, 2015 - $ / shares	Total
Shares issued in business combination	166,221
Stock Repurchased During Period, Shares	89,193
Common Stock, Dividends, Per Share, Cash Paid	$ 0.11
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited	539

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOW FROM OPERATING ACTIVITIES:
Net income	$ 2,302	$ 86
Adjustments to reconcile net income (loss) to net cash from operating activities:
Bargain purchase gain	(1,555)	0
Depreciation	335	268
Provision for loan losses	485	0
ESOP compensation expense	103	95
Stock based compensation expense	262	265
Gain on sale of securities	0	(294)
Loss on sale of other real estate owned	84	65
Gain on sale of repossessed assets	(1)	0
Amortization of core deposit intangible	161	74
Accretion of fair value adjustments related to loans	(581)	(214)
Accretion of fair value adjustments related to deposits	(33)	(21)
Amortization of fair value related to subordinated debenture	32	0
Net amortization on securities	265	700
Deferred income tax benefit	(9)	(75)
Net gain on mortgage banking activities	(416)	(220)
Origination of loans held for sale	(2,642)	(3,061)
Proceeds from loans held for sale	3,770	3,427
Increase in cash value of life insurance	(90)	(115)
Change in asset and liabilities, net assets and liabilities acquired:
Accrued interest receivable	38	185
Other assets	591	43
Accrued interest payable	61	116
Other liabilities	772	351
Net cash from operating activities	3,934	1,675
Securities available for sale:
Proceeds from sales	0	19,721
Proceeds from calls	1,000	7,265
Proceeds from maturities	405	120
Purchases	(8,030)	0
Principal payments received	3,433	2,814
Purchase of FHLB stock	(56)	0
Cash paid for acquisition, net of cash acquired	2,355	1,445
Loan originations and principal payments on loans, net	(574)	(5,755)
Proceeds from the sale of other real estate owned	353	0
Proceeds from the sale of repossessed assets	55	0
Purchase of properties and equipment	(534)	(202)
Net cash from (used in) investing activities	(1,593)	25,408
CASH FLOW FROM FINANCING ACTIVITIES
Net change in deposits	1,908	(1,389)
Proceeds from Federal Home Loan Bank borrowings	23,000	26,000
Payments on Federal Home Loan Bank borrowings	(28,320)	(28,362)
Cash dividend paid	(420)	(363)
Proceeds from issuance of common stock, net of costs	1,675	0
Stock repurchases	(1,339)	(331)
Net cash used in financing activities	(3,496)	(4,445)
CHANGE IN CASH AND CASH EQUIVALENTS	(1,155)	22,638
Cash and cash equivalents at beginning of year	16,967	6,684
CASH AND CASH EQUIVALENTS AT END OF PERIOD	15,812	29,322
Cash paid during the year for:
Interest on deposits and advances	1,026	892
Income taxes	350	0
Stock issued for consideration paid in acquisition, net of issuance costs	0	7,836
Real estate acquired in settlement of loans	$ 38	$ 292

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting [Text Block]	NOTE 1 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited consolidated financial statements of Poage Bankshares, Inc. (the “Company”) and its wholly owned subsidiary Town Square Bank (which was formerly operated under the name “Home Federal Savings and Loan Association”) (the “Bank”) have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates used in the preparation of the financial statements are based on various factors including the current interest rate environment and the general strength of the local economy. Changes in the overall interest rate environment can significantly affect the Company’s net interest income and the value of its recorded assets and liabilities. Actual results could differ from those estimates used in the preparation of the financial statements. In the opinion of management, the accompanying unaudited financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly the Company’s financial position as of June 30, 2015 and December 31, 2014 and the results of operations and cash flows for the interim periods ended June 30, 2015 and 2014. All interim amounts have not been audited, and the results of operations for the interim periods herein are not necessarily indicative of the results of operations to be expected for the year. These consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto filed as part of the Company’s 2014 Annual Report on Form 10-K filed with the Securities and Exchange Commission. Effective May 31, 2015, the Company completed its previously reported acquisition of Commonwealth Bank, F.S.B., Mt. Sterling, Kentucky (“Commonwealth”), in a conversion merger transaction. As result of the conversion merger transaction, Commonwealth converted from a mutual to stock institution and merged with and into the Bank, with the Bank as the surviving institution, and the Company issued and sold 166,221 12.73 2.1 3,952,944

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Newly Issued Not Yet Effective Accounting Standards In May 2014 the FASB amended existing guidance related to revenue from contracts with customers . These amendments are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is not permitted. The amendments should be applied retrospectively to all periods presented or retrospectively with the cumulative effect recognized at the date of initial application. The Company is currently evaluating the impact of this new accounting standard on the consolidated financial statements. Adoptions of New Accounting Standards In January 2014, the FASB amended existing guidance to clarify when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate recognized. These amendments clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure, or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additional disclosures are required. These amendments are effective for public business entities for annual periods and interim periods within those annual periods beginning after December 15, 2014. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements.

SECURITIES AVAILABLE FOR SALE

SECURITIES AVAILABLE FOR SALE	6 Months Ended
	Jun. 30, 2015
SECURITIES AVAILABLE FOR SALE [Abstract]
Available-for-sale Securities [Text Block]	NOTE 3 - SECURITIES AVAILABLE FOR SALE Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value June 30, 2015 States and political subdivisions $ 17,041 $ 482 $ (18) $ 17,505 U.S. Government agencies and sponsored entities 13,248 13 (205) 13,056 Government sponsored entities residential mortgage-backed: FHLMC 12,827 132 (15) 12,944 FNMA 12,867 103 (28) 12,942 Collateralized mortgage obligations 7,597 13 (66) 7,544 SBA loan pools 3,912 - (41) 3,871 Total securities $ 67,492 $ 743 $ (373) $ 67,862 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value December 31, 2014 States and political subdivisions $ 17,121 $ 633 $ (8) $ 17,746 U.S. Government agencies and sponsored entities 14,247 6 (267) 13,986 Government sponsored entities residential mortgage-backed: FHLMC 14,346 251 (7) 14,590 FNMA 14,207 177 (9) 14,375 Collateralized mortgage obligations 4,644 - (79) 4,565 Total securities $ 64,565 $ 1,067 $ (370) $ 65,262 The proceeds from sales of securities and the associated gross gains and losses are listed below (in thousands): Three months ended Six months ended June 30, June 30, 2015 2014 2015 2014 Proceeds $ - $ 19,721 $ - $ 19,721 Gross gains - 372 - 372 Gross losses - (78) - (78) June 30, 2015 Amortized Fair Cost Value Within one year $ 250 $ 251 One to five years 12,829 12,870 Five to ten years 14,444 14,566 Beyond ten years 2,766 2,874 Mortgage-backed securities and collateralized mortgage obligations 33,291 33,430 SBA loan pools 3,912 3,871 Total $ 67,492 $ 67,862 Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses June 30, 2015 States and political subdivisions $ 814 $ (17) $ 628 $ (1) $ 1,442 $ (18) U.S. Government agencies and sponsored entities 2,985 (15) 8,560 (190) 11,545 (205) Government sponsored entities residential mortgage backed: FHLMC 1,561 (15) - - 1,561 (15) FNMA 2,739 (28) - - 2,739 (28) Collateralized mortgage obligations 2,879 (17) 2,571 (49) 5,450 (66) SBA loan pools 3,871 (41) - - 3,871 (41) Total available-for-sale securities $ 14,849 $ (133) $ 11,759 $ (240) $ 26,608 $ (373) December 31, 2014 States and political subdivisions $ 1,072 $ (8) $ - $ - $ 1,072 $ (8) U.S. Government agencies and sponsored entities - - 12,482 (267) 12,482 (267) Government sponsored entities residential mortgage backed: FHLMC - - 1,131 (7) 1,131 (7) FNMA 2,063 (3) 946 (6) 3,009 (9) Collateralized mortgage obligations 1,652 (13) 2,913 (66) 4,565 (79) Total available-for-sale securities $ 4,787 $ (24) $ 17,472 $ (346) $ 22,259 $ (370) Unrealized losses on bonds have not been recognized into income because the issuers of the bonds are of high credit quality, management does not intend to sell and it is not more likely than not that management would be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely due to changes in interest rates. The fair value is expected to recover as the bonds approach maturity. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement, and 2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of impairment is recognized through earnings.

LOANS

LOANS	6 Months Ended
	Jun. 30, 2015
LOANS [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 4 – LOANS June 30 December 31, 2015 2014 Real estate: One to four family $ 189,537 $ 179,480 Multi-family 5,407 5,916 Commercial Real Estate 62,681 62,979 Construction and land 3,708 5,142 261,333 253,517 Commercial and Industrial 32,418 25,523 Consumer Home equity loans and lines of credit 8,300 7,973 Motor vehicle 9,321 10,337 Other 8,481 6,774 26,102 25,084 Total 319,853 304,124 Less: Net deferred loan fees 293 201 Allowance for loan losses 2,073 1,911 $ 317,487 $ 302,012 June 30, 2015 Allowance for Loan Losses Loan Balances Individually Purchased Collectively Individually Purchased Collectively Evaluated for Credit-Impaired Evaluated for Evaluated for Credit-Impaired Evaluated for Loan Segment Impairment Loans Impairment Total Impairment Loans Impairment Total Real estate $ 23 $ - $ 1,877 $ 1,900 $ 1,881 $ 3,318 $ 256,134 $ 261,333 Commercial and industrial 2 - 87 89 239 425 31,754 32,418 Consumer - - 84 84 - 30 26,072 26,102 Total $ 25 $ - $ 2,048 $ 2,073 $ 2,120 $ 3,773 $ 313,960 $ 319,853 December 31, 2014 Allowance for Loan Losses Loan Balances Individually Purchased Collectively Individually Purchased Collectively Evaluated for Credit-Impaired Evaluated for Evaluated for Credit-Impaired Evaluated for Loan Segment Impairment Loans Impairment Total Impairment Loans Impairment Total Real estate $ - $ - $ 1,806 $ 1,806 $ 324 $ 3,633 $ 249,560 $ 253,517 Commercial and industrial - - 43 43 19 439 25,065 25,523 Consumer - - 62 62 - 10 25,074 25,084 Total $ - $ - $ 1,911 $ 1,911 $ 343 $ 4,082 $ 299,699 $ 304,124 Unpaid Recorded Allowance Average Interest Cash Basis June 30, 2015 With no related allowance recorded: Commercial $ 275 $ 193 $ - $ 106 $ - $ - Commercial real estate: - Construction - - - - - Other 425 399 - 299 - - Residential real estate: Nontraditional - - - - - - Other 1,202 886 - 506 - - Subtotal $ 1,902 $ 1,478 - $ 911 - - With an allowance recorded: Commercial $ 46 $ 46 $ 2 $ 23 $ - $ - Commercial real estate: Construction - - - - - - Other 596 596 23 298 - - Residential real estate: Nontraditional - - - - - Other - - - - - Subtotal 642 642 25 321 - - Total $ 2,544 $ 2,120 $ 25 $ 1,232 $ - $ - Unpaid Recorded Allowance Average Interest Cash Basis December 31, 2014 With no related allowance recorded: Commercial $ 19 $ 19 $ - $ 5 $ - $ - Commercial real estate: Construction - - - - - - Other 199 199 - 50 - - Residential real estate: Nontraditional - - - - - - Other 125 125 - 31 - - Subtotal 343 343 - 86 - - With an allowance recorded: Commercial - - - - - - Commercial real estate: Construction - - - - - - Other - - - - - - Residential real estate: Nontraditional - - - - - - Other - - - - - - Subtotal - - - - - - Total $ 343 $ 343 $ - $ 86 $ - $ - The recorded investment in loans excludes accrued interest receivable and loan origination fees, net due to immateriality. For purposes of this disclosure, the unpaid balance is not reduced for partial charge-offs. Three Months Ended Commercial June 30, 2015 Real Estate and Industrial Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 1,878 $ 72 $ 63 $ - $ 2,013 Provision for loan losses 279 7 108 - 394 Loans charged-off (266) - (99) - (365) Recoveries 9 10 12 - 31 Total ending allowance balance $ 1,900 $ 89 $ 84 $ - $ 2,073 Three Months Ended Commercial June 30, 2014 Real Estate and Industrial Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 1,767 $ 11 $ 41 $ 48 $ 1,867 Provision for loan losses (109) 4 16 89 - Loans charged-off (116) (8) (7) - (131) Recoveries 17 - 4 - 21 Total ending allowance balance $ 1,559 $ 7 $ 54 $ 137 $ 1,757 Six Months Ended Commercial June 30, 2015 Real Estate and Industrial Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 1,806 $ 43 $ 62 $ - $ 1,911 Provision for loan losses 278 61 146 - 485 Loans charged-off (318) (52) (146) - (516) Recoveries 134 37 22 - 193 Total ending allowance balance $ 1,900 $ 89 $ 84 $ - $ 2,073 Six Months Ended Commercial June 30, 2014 Real Estate and Industrial Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 1,818 $ 8 $ 52 $ 30 $ 1,908 Provision for loan losses (106) (11) 10 107 - Loans charged-off (172) (8) (12) - (192) Recoveries 19 18 4 - 41 Total ending allowance balance $ 1,559 $ 7 $ 54 $ 137 $ 1,757 There were $ 3.6 5.4 94,000 1.2 0 Nonaccrual loans and loans past due 90 days still on accrual consist of smaller balance homogeneous loans that are collectively evaluated for impairment. June 30, 2015 December 31, 2014 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Nonaccrual Still Accruing Nonaccrual Still Accruing Real estate: One to four family $ 2,687 $ - $ 2,223 $ - Multi-family - - - - Commercial real estate 931 - 578 - Construction and land 46 - 103 - Commercial and industrial 303 - 396 - Consumer: Home equity loans and lines of credit 23 - 1 - Motor vehicle 8 - 21 - Other 27 - 31 - Total $ 4,025 $ - $ 3,353 $ - 4.0 3.4 30 - 59 60 - 89 Greater than Purchased Days Days 89 Days Total Credit-Impaired Loans Not Past Due Past Due Past Due Past Due Loans Past Due Total June 30, 2015 Real estate: One to four family $ 1,151 $ 511 $ 1,706 $ 3,368 $ 1,233 $ 184,936 $ 189,537 Multi-family - - - - - 5,407 5,407 Commercial real estate 216 - 732 948 1,818 59,915 62,681 Construction and land - - 13 13 267 3,428 3,708 Commercial and industrial 253 1 209 463 425 31,530 32,418 Consumer: Home equity loans and lines of credit - 12 23 35 6 8,259 8,300 Motor vehicle 6 - 8 14 - 9,307 9,321 Other 2 - - 2 24 8,455 8,481 Total $ 1,628 $ 524 $ 2,691 $ 4,843 $ 3,773 $ 311,237 $ 319,853 30 - 59 60 - 89 Greater than Purchased Days Days 89 Days Total Credit-Impaired Loans Not Past Due Past Due Past Due Past Due Loans Past Due Total December 31, 2014 Real estate: One to four family $ 2,028 $ 488 $ 1,259 $ 3,775 $ 1,262 $ 174,443 $ 179,480 Multi-family - - - - - 5,916 5,916 Commercial real estate 1,102 124 38 1,264 2,031 59,684 62,979 Construction and land - - 103 103 340 4,699 5,142 Commercial and industrial 245 46 257 548 439 24,536 25,523 Consumer: Home equity loans and lines of credit 86 23 - 109 7 7,857 7,973 Motor vehicle 102 4 20 126 - 10,211 10,337 Other 33 20 16 69 3 6,702 6,774 Total $ 3,596 $ 705 $ 1,693 $ 5,994 $ 4,082 $ 294,048 $ 304,124 Troubled Debt Restructurings : The Company had a recorded investment in four troubled debt restructurings which totaled $ 332,000 218,000 The modification of the terms of such loans performed during the six and twelve month periods of June 30, 2015 and December 31, 2014, included a permanent reduction of the recorded investment in the loans. There were no interest rate concessions or term extensions during the six months ended June 30, 2015. The modification of the commercial real estate performed during the year ended December 31, 2014 included an extension of the maturity date at a stated rate of interest lower than the current market rate. CREDIT QUALITY INDICATORS: The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis includes all non-homogeneous loans, such as commercial and commercial real estate loans. The analysis for residential real estate and consumer loans primarily includes review of past due status. This analysis is performed on a quarterly basis. The Company uses the following definitions for risk ratings: Special Mention. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Pass Special Mention Substandard Doubtful Not Rated June 30, 2015 One to four family $ 181,162 $ 3,144 $ 5,231 $ - $ - Multi family 5,407 - - - - Commercial real estate 60,006 160 2,515 - - Construction and land 3,012 - 696 - - Commercial and industrial 30,248 1,461 709 - - Home equity loans and lines of credit 8,255 - 45 - - Motor vehicle 9,271 11 39 - - Other 8,420 8 53 - - Total $ 305,781 $ 4,784 $ 9,288 $ - $ - Pass Special Mention Substandard Doubtful Not Rated December 31, 2014 One to four family $ 171,324 $ 3,794 $ 4,362 $ - $ - Multi family 5,916 - - - - Commercial real estate 60,250 54 2,675 - - Construction and land 4,402 52 688 - - Commercial and industrial 22,162 2,332 1,029 - - Home equity loans and lines of credit 7,935 30 8 - - Motor vehicle 10,299 22 16 - - Other 6,740 - 34 - - Total $ 289,028 $ 6,284 $ 8,812 $ - $ - The Company holds purchased loans without evidence of credit quality deterioration and purchased loans for which there was, at their acquisition date, evidence of deterioration of credit quality since their origination and it was probable, at acquisition, that all contractually required payments would not be collected. June 30, 2015 Non-impaired Credit-impaired Purchased Purchased (in thousands) Loans Loans Real estate mortgage loans: Residential: 1-4 Family $ 43,704 $ 1,233 Multi-family 2,775 - Construction & Land 1,343 267 Farm 5,753 18 Nonresidential 24,396 1,800 Commercial non-mortgage loans 9,171 425 Consumer loans 4,280 30 Total loans $ 91,422 $ 3,773 December 31, 2014 Non-impaired Credit-impaired Purchased Purchased (in thousands) Loans Loans Real estate mortgage loans: Residential: 1-4 Family $ 36,256 $ 1,300 Multi-family 3,237 - Construction & Land 2,391 340 Farm 6,299 23 Nonresidential 25,545 1,970 Commercial non-mortgage loans 11,073 439 Consumer loans 4,363 10 Total loans $ 89,164 $ 4,082 For those purchased loans disclosed above, the Company did not increase the allowance for loan losses for the six months ended June 30, 2015. Contractual Unaccreted Amortized (in thousands) Amount Discount Book Value Real estate mortgage loans: Residential: 1-4 Family $ 46,144 $ (1,207) $ 44,937 Multi-family 2,818 (42) 2,776 Construction & Land 1,634 (23) 1,611 Farm 5,892 (121) 5,771 Nonresidential 27,136 (940) 26,196 Commercial non-mortgage loans 12,490 (2,895) 9,595 Consumer loans 4,378 (69) 4,309 Total loans $ 100,492 $ (5,297) $ 95,195 The following table presents the purchased loans that are included within the scope of ASC Topic 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality 164,000 94,000 (in thousands) Contractually-required principal and interest payments $ 7,686 Non-Accretable difference (3,431) Accretable yield (482) Fair value of loans $ 3,773 The Company adjust interest income to recognize $ 38,000 149,000

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	6 Months Ended
	Jun. 30, 2015
FEDERAL HOME LOAN BANK ADVANCES [Abstract]
Federal Home Loan Bank Advances, Disclosure [Text Block]	NOTE 5: FEDERAL HOME LOAN BANK ADVANCES June 30, December 31, 2015 2014 Maturities July 2015 through June 2025, fixed rate at rates from 0.17% to 6.70%, weighted average rate of 1.59% at June 30, 2015 and 1.55% at December 31, 2014 $ 14,948 $ 17,952 June 30, 2016 $ 9,887 2017 2,013 2018 1,629 2019 915 2020 95 Thereafter 409 Total $ 14,948

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 2015
FAIR VALUE [Abstract]
Fair Value Disclosures [Text Block]	NOTE 6: FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1 – Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2 – Significant other 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. Level 3 – Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Company used the following methods and significant assumptions to estimate fair value: Securities Impaired Loans Other Real Estate Owned Fair Value Measurements at June 30, 2015 Using: Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) Financial Assets Securities: States and political subdivisions $ 17,505 $ - $ 17,505 $ - U.S. Government agencies and sponsored entities 13,056 - 13,056 - Mortgage backed securities: residential 25,886 - 25,886 - Collateralized mortgage obligations 7,544 - 7,544 - SBA loan pools 3,871 - 3,871 - Total securities $ 67,862 $ - $ 67,862 $ - Fair Value Measurements at December 31, 2014 Using: Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) Financial Assets Securities: States and political subdivisions $ 17,746 $ - $ 17,746 $ - U.S. Government agencies and sponsored entities 13,986 - 13,986 - Mortgage backed securities: residential 28,965 - 28,965 - Collateralized mortgage obligations 4,565 - 4,565 - Total securities $ 65,262 $ - $ 65,262 $ - For the periods ended June 30, 2015 and December 31, 2014, there were no transfers between Level 1 and Level 2. Fair Value Measurements at June 30, 2015 Using: Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) Impaired loans Commercial, net $ 44 $ - $ - $ 44 Commercial real estate, net 573 - - 573 Other real estate owned Commercial real estate, net $ 115 $ - $ - $ 115 Fair Value Measurements at December 31, 2014 Using: Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) Other real estate owned One to four family, net $ 72 $ - $ - $ 72 Commercial real estate, net 115 - - 115 Commercial and residential real estate properties classified as OREO are measured at fair value, less costs to sell. Fair values are based on recent real estate appraisals. These appraisals may use a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Appraisals for real estate properties classified as other real estate owned are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Bank’s management. The appraisal values are discounted to allow for selling expenses and fees, and the discounts range from 5 10 At June 30, 2015, impaired loans recorded at fair value had a net carrying amount of $ 617,000 642,000 25,000 200,000 At June 30, 2015, OREO recorded at fair value had a net carrying amount of $ 115,000 167,000 52,000 187,000 244,000 57,000 311,000 454,000 143,000 54,000 Fair Value Measurements Carrying June 30, 2015 Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 15,812 $ 15,812 $ - $ - $ 15,812 Securities 67,862 - 67,862 - 67,862 Restricted stock 3,276 N/A N/A N/A N/A Loans held for sale - - - - - Loans, net 317,487 - - 333,361 333,361 Accrued interest receivable 1,366 - 313 1,053 1,366 Financial liabilities Deposits $ 340,416 $ 182,104 $ 157,312 $ - $ 339,416 Federal Home Loan Bank advances 14,948 6,000 9,167 - 15,167 Subordinated debenture 2,729 - 2,729 - 2,729 Accrued interest payable 123 - 123 - 123 Fair Value Measurements Carrying December 31, 2014 Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 16,967 $ 16,967 $ - $ - $ 16,967 Securities 65,262 - 65,262 - 65,262 Restricted stock 2,921 N/A N/A N/A N/A Loans held for sale 712 - 712 - 712 Loans, net 302,012 - - 316,493 316,493 Accrued interest receivable 1,347 - 293 1,054 1,347 Financial liabilities Deposits $ 323,138 $ 159,384 $ 165,190 $ - $ 324,574 Federal Home Loan Bank advances 17,952 9,000 9,171 - 18,171 Subordinated debenture 2,697 - 2,697 - 2,697 Accrued interest payable 47 - 47 - 47 The methods and assumptions, not previously presented, used to estimate fair values are described as follows: Cash and Cash Equivalents: The carrying amounts of cash and short-term instruments approximate fair values and are classified as Level 1. Restricted Stock: It is not practical to determine the fair value of FHLB and Bankers Bank of Kentucky stock due to restrictions placed on its transferability. Loans: Fair values of loans, excluding loans held for sale, are estimated as follows: For variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values resulting in a Level 3 classification. Fair values for other loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality resulting in a Level 3 classification. The methods utilized to estimate the fair value of loans do not necessarily represent an exit price. The fair value of loans held for sale is estimated based upon binding contracts and quotes from third party investors resulting in a Level 2 classification. Deposits: The fair values disclosed for demand deposits (e.g., interest and non-interest checking, passbook savings, and certain types of money market accounts) are by definition equal to the amount payable on demand at the reporting date (i.e., their carrying amount) resulting in a Level 1 classification. The carrying amounts of variable rate, fixed-term money market accounts and certificates of deposit approximate their fair values at the reporting date resulting in a Level 1 classification. Fair values for fixed rate certificates of deposit are estimated using a discounted cash flows calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits resulting in a Level 2 classification. Federal Home Loan Bank advances and subordinate debenture: The fair values of the Company’s long-term borrowings are estimated using discounted cash flow analyses based on the current borrowing rates for similar types of borrowing arrangements resulting in a Level 2 classification. Accrued Interest Receivable/Payable: The carrying amounts of accrued interest approximate fair value and are classified by level consistent with the level of the related assets or liabilities.

ESOP PLAN

ESOP PLAN	6 Months Ended
	Jun. 30, 2015
ESOP PLAN [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	NOTE 7 - ESOP PLAN Employees participate in an Employee Stock Ownership Plan (“ESOP”). The ESOP borrowed from the Company to purchase 269,790 10 There were no contributions to the ESOP for the six months ended June 30, 2015 or 2014. Shares held by the ESOP at June 30, 2015 and December 31, 2014 were as follows (dollars in thousands): June 30, December 31, 2015 2014 Allocated to participants $ 43,457 $ 29,967 Released, but unallocated - - Unearned 225,952 239,442 Total ESOP shares 269,409 269,409 Fair value of unearned shares $ 3,464 $ 3,561

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2015
EARNINGS PER SHARE [Abstract]
Earnings Per Share [Text Block]	NOTE 8 – EARNINGS PER SHARE Three months ended Six months ended June 30, June 30, 2015 2014 2015 2014 Basic Net income $ 1,716 $ 511 $ 2,302 $ 86 Less: Net income attributable to participating securities 32 18 49 3 Net income available to common shareholders 1,684 493 2,253 83 Weighted average common shares outstanding 3,842,894 3,897,688 3,845,905 3,664,046 Less: Average unallocated ESOP shares (235,436) (239,439) (237,427) (239,439) Average participating shares (72,248) (106,273) (81,865) (120,505) Weighted average common shares outstanding for basic earnings per common share 3,535,210 3,551,976 3,526,613 3,304,102 Basic earnings per common share $ 0.48 $ 0.14 $ 0.64 $ 0.03 Diluted Net income available to common shareholders $ 1,684 $ 493 $ 2,253 $ 83 Weighted average common shares outstanding for basic earnings per common share 3,535,210 3,551,976 3,526,613 3,304,102 Add dilutive effects of potential additional common stock - - - - Average shares and dilutive potential common shares 3,535,210 3,551,976 3,526,613 3,304,102 Earnings per common share assuming dilution $ 0.48 $ 0.14 $ 0.64 $ 0.03 There were no potentially dilutive securities outstanding at June 30, 2015. Stock options of 295,000 320,000 common share for 2015 or 2014 because they were antidilutive.

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	6 Months Ended
	Jun. 30, 2015
STOCK BASED COMPENSATION [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 9 – STOCK BASED COMPENSATION On January 8, 2013, the shareholders of Poage Bankshares, Inc. approved the Poage Bankshares, Inc. 2013 Equity Incentive Plan (the “Plan”) for employees and directors of the Company. The Plan authorizes the issuance of up to 472,132 134,895 337,237 On April 16, 2013, the compensation committee of the board of directors approved the issuance of 134,895 300,000 20,000 5,000 to employees. Weighted Average Options Exercise Price Outstanding - December 31, 2014 299,500 $ 14.94 Granted 5,000 15.44 Exercised - - Forfeited (5,000) 14.86 Outstanding - June 30, 2015 299,500 $ 14.95 Fully vested and exercisable at June 30, 2015 121,000 Expected to vest in future periods 178,500 The fair value for each option grant is estimated on the date of grant using the Black-Scholes-Merton option pricing model that uses the following assumptions. The Company uses the U.S. Treasury yield curve in effect at the time of the grant to determine the risk-free interest rate. The expected dividend yield is estimated using the projected annual dividend level and recent stock price of the Company’s common stock at the date of grant. Expected stock volatility is based on historical volatilities of the Company’s common stock. The expected term of the options is based on historical data and represents the period of time that options granted are expected to be outstanding, which takes into account that the options are not transferable. Six months ended June 30, 2015 Risk-free interest rate 1.86 % Expected dividend yield 1.55 % Expected stock volatility 12.94 Expected life (years) 7 Weighted average fair value of options granted $ 2.01 Stock options are assumed to be earned ratably over their respective vesting periods and charged to compensation expense based upon their grant date fair value and the number of options assumed to be earned. 55,500 31,000 61,000 32,000 61,000 325,000 386,000 4 5 Balance - December 31, 2014 100,624 Granted - Forfeited (539) Vested (31,573) Balance - June 30, 2015 68,512 The fair value of the restricted stock awards is amortized to compensation expense over the vesting period (generally five years) and is based on the market price of the Company’s common stock at the date of the grant multiplied by the number of shares granted that are expected to vest. Stock-based compensation expense for the restricted stock included in salaries and benefits for the three and six months ended June 30, 2015 was $ 101,000 201,000 102,000 204,000 1.1 1.3 4 5

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2015
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]
Comprehensive Income (Loss) Note [Text Block]	NOTE 10 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Unrealized Gains and Losses on Available-for-Sale Securities Three months Three months Six months Six months (in thousands) ended ended ended ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Beginning balance $ 614 $ (351) $ 460 $ (851) Other comprehensive income (loss), net of tax before reclassification (370) 705 (216) 1,205 Amounts reclassified from accumulated to other comprehensive income for gains on sale of securities, net of tax expense of $0, $100, $0 and $100 respectively. - (194) - (194) Net current period other comprehensive income (loss) (370) 511 (216) 1,011 Ending Balance $ 244 $ 160 $ 244 $ 160

BUSINESS COMBINATION

BUSINESS COMBINATION	6 Months Ended
	Jun. 30, 2015
BANK ACQUISITION [Abstract]
Business Combination Disclosure [Text Block]	NOTE 11 – BUSINESS COMBINATION Effective May 31, 2015, the Company completed its previously reported acquisition of Commonwealth Bank, F.S.B., Mt. Sterling, Kentucky (“Commonwealth”), in a conversion merger transaction. The Company’s primary reason for undertaking the conversion merger is to fill-in its existing footprint along the Interstate 64 corridor between its main office in Ashland, Kentucky (Boyd County) and its Nicholasville branch office (Jessamine County). Montgomery County, where Commonwealth Bank is located, lies in between Boyd, Greenup and Lawrence Counties (to the northeast of Montgomery County) and Jessamine County (to the southwest of Montgomery County). As result of the conversion merger transaction, Commonwealth converted from a mutual to stock institution and merged with and into the Bank, with the Bank as the surviving institution, and the Company issued and sold 166,221 12.73 , which reflected a 15% discount on the 30 day average price as prescribed in the merger agreement. The shares were offered 2.1 on. As 3,952,944 Acquisition costs of $ 617,000 418,000 199,000 Business Combinations Fair Value Measurements In many cases, the determination of these fair values required management to make estimates about discount rates, future expected cash flows, market conditions and other future events which are highly subjective in nature and are subject to change. The assets acquired and liabilities assumed in the transaction are presented at estimated fair value on the acquisition date. These fair value estimates are considered preliminary, and are subject to change as additional information relative to acquisition date fair values becomes available. Given the short period of time between the closing date and the Form 10-Q filing date, we have not yet completed our evaluation of fair values. We continue to work to finalize these estimates. The Company recorded the following assets and liabilities as of May 31, 2015. The discounts and premiums resulting from the fair value adjustments will be accreted and amortized over the anticipated lives of the underlying excess fair value of assets and liabilities. The excess fair value of assets acquired over liabilities assumed, resulted in an estimated $ 1.6 (in thousands) May 31, 2015 Recognized amounts of identifiable assets acquired and liabilities assumed Fair value of assets acquired Cash and due from banks $ 2,355 Restricted stock 299 Loans 14,898 Premises and equipment, net 1,333 Accrued interest receivable 57 Prepaid expenses and other assets 17 Deferred federal income taxes 325 Core deposit intangible 227 Total assets acquired $ 19,511 Fair value of liabilities assumed Deposits 15,403 FHLB advances 2,316 Accrued interest payable 22 Other liabilities 215 Total liabilities assumed $ 17,956 At the acquisition date, the Company recorded $ 14.6 64,000 Non-impaired Credit-impaired Real estate mortgage loans: Residential: 1-4 Family $ 13,663 $ 72 Nonresidential and land 438 - Consumer Loans 702 23 Total Loans $ 14,803 $ 95 Contractual Fair Value Fair Value Real estate mortgage loans: Residential: 1-4 Family $ 13,892 $ (266) $ 13,626 Nonresidential and land 450 (12) 438 Consumer Loans 841 (7) 834 Total Loans $ 15,183 $ (285) $ 14,898 Loans purchased in the acquisition are accounted for using one of two following accounting standards: · ASC Topic 310-20 is used to value loans that have not demonstrated post origination credit quality deterioration and the acquirer expect to collect all contractually required payments from the borrower. For these loans, the difference between fair value of the loan at acquisition and the amortized cost of the loan would be amortized or accreted into income using the interest method. · ASC Topic 310-30 is used to value loans with post origination credit quality deterioration. For these loans, it is probable the acquirer will be unable to collect all contractually required payments from the borrower. Under ASC 310-30, the expected cash flows that exceed the initial investment in the loan (fair value) represent the “accretable yield,” which is recognized as interest income on a level-yield basis over the expected cash flow periods of the loans. The excess of the loan’s contractual principal and interest over the expected cash flows is the nonaccretable difference. Loans and Debt Securities Acquired with Deteriorated Credit Quality Contractually-required principal and interest payments $ 165 Non-Accretable difference (64) Accretable yield (6) $ 95 Three months ended Six months ended June 30, June 30, (in thousands, except per share data) 2015 2014 2015 2014 Net Interest Income $ 4,122 $ 4,473 $ 8,343 $ 7,300 Net Income before tax $ 2,172 $ 728 $ 3,015 $ (530) Income tax expense 230 227 573 (140) Net Income $ 1,942 $ 501 $ 2,442 $ (390) Basic earnings per share $ 0.52 $ 0.13 $ 0.65 $ 0.11 Diluted earnings per share $ 0.52 $ 0.13 $ 0.65 $ 0.11 To determine pro forma information, the Company adjusted its three and six months ended June 30, 2015 and three and six months ended June 30, 2014 historical results to include the historical results for Commonwealth for the period January 1, 2014 to May 31, 2015 and the three and six months ended June 30, 2014. The pro forma information includes adjustments for interest income on loans acquired, amortization of intangibles arising from the transaction, depreciation expense on property acquired, interest expense on deposits acquired, and the related income tax effects. Expenses related to the acquisition including professional fees and integration costs are excluded from the period in which the amounts were recognized and included in earlier periods as if the acquisition occurred on January 1, 2014. During the three and six months ended June 30, 2015 and 2014, acquisition related expenses amounted to $ 634,000 789,000 65,000 74,000 The pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transactions been effected on the assumed dates.

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Newly Issued Not Yet Effective Accounting Standards In May 2014 the FASB amended existing guidance related to revenue from contracts with customers . These amendments are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is not permitted. The amendments should be applied retrospectively to all periods presented or retrospectively with the cumulative effect recognized at the date of initial application. The Company is currently evaluating the impact of this new accounting standard on the consolidated financial statements.
New Accounting Pronouncement Early Adoption [Policy Text Block]	Adoptions of New Accounting Standards In January 2014, the FASB amended existing guidance to clarify when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate recognized. These amendments clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure, or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additional disclosures are required. These amendments are effective for public business entities for annual periods and interim periods within those annual periods beginning after December 15, 2014. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements.

SECURITIES AVAILABLE FOR SALE (

SECURITIES AVAILABLE FOR SALE (Tables)	6 Months Ended
	Jun. 30, 2015
SECURITIES AVAILABLE FOR SALE [Abstract]
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	The amortized cost and fair value of securities available for sale at June 30, 2015 and December 31, 2014 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows (in thousands): Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value June 30, 2015 States and political subdivisions $ 17,041 $ 482 $ (18) $ 17,505 U.S. Government agencies and sponsored entities 13,248 13 (205) 13,056 Government sponsored entities residential mortgage-backed: FHLMC 12,827 132 (15) 12,944 FNMA 12,867 103 (28) 12,942 Collateralized mortgage obligations 7,597 13 (66) 7,544 SBA loan pools 3,912 - (41) 3,871 Total securities $ 67,492 $ 743 $ (373) $ 67,862 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value December 31, 2014 States and political subdivisions $ 17,121 $ 633 $ (8) $ 17,746 U.S. Government agencies and sponsored entities 14,247 6 (267) 13,986 Government sponsored entities residential mortgage-backed: FHLMC 14,346 251 (7) 14,590 FNMA 14,207 177 (9) 14,375 Collateralized mortgage obligations 4,644 - (79) 4,565 Total securities $ 64,565 $ 1,067 $ (370) $ 65,262
Proceeds from Sales of Securities and Gross Gains and Losses [Table Text Block]	The proceeds from sales of securities and the associated gross gains and losses are listed below (in thousands): Three months ended Six months ended June 30, June 30, 2015 2014 2015 2014 Proceeds $ - $ 19,721 $ - $ 19,721 Gross gains - 372 - 372 Gross losses - (78) - (78)
Schedule of Amortized Cost and Fair Value of Securities Portfolio [Table Text Block]	The amortized cost and fair value of the securities portfolio at June 30, 2015 are shown in the following table by expected maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately (in thousands): June 30, 2015 Amortized Fair Cost Value Within one year $ 250 $ 251 One to five years 12,829 12,870 Five to ten years 14,444 14,566 Beyond ten years 2,766 2,874 Mortgage-backed securities and collateralized mortgage obligations 33,291 33,430 SBA loan pools 3,912 3,871 Total $ 67,492 $ 67,862
Schedule of Unrealized Loss on Investments [Table Text Block]	The following table summarizes the securities with unrealized losses at June 30, 2015 and December 31, 2014, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands): Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses June 30, 2015 States and political subdivisions $ 814 $ (17) $ 628 $ (1) $ 1,442 $ (18) U.S. Government agencies and sponsored entities 2,985 (15) 8,560 (190) 11,545 (205) Government sponsored entities residential mortgage backed: FHLMC 1,561 (15) - - 1,561 (15) FNMA 2,739 (28) - - 2,739 (28) Collateralized mortgage obligations 2,879 (17) 2,571 (49) 5,450 (66) SBA loan pools 3,871 (41) - - 3,871 (41) Total available-for-sale securities $ 14,849 $ (133) $ 11,759 $ (240) $ 26,608 $ (373) December 31, 2014 States and political subdivisions $ 1,072 $ (8) $ - $ - $ 1,072 $ (8) U.S. Government agencies and sponsored entities - - 12,482 (267) 12,482 (267) Government sponsored entities residential mortgage backed: FHLMC - - 1,131 (7) 1,131 (7) FNMA 2,063 (3) 946 (6) 3,009 (9) Collateralized mortgage obligations 1,652 (13) 2,913 (66) 4,565 (79) Total available-for-sale securities $ 4,787 $ (24) $ 17,472 $ (346) $ 22,259 $ (370)

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 2015
LOANS [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Loans at June 30, 2015 and December 31, 2014 were as follows (in thousands): June 30 December 31, 2015 2014 Real estate: One to four family $ 189,537 $ 179,480 Multi-family 5,407 5,916 Commercial Real Estate 62,681 62,979 Construction and land 3,708 5,142 261,333 253,517 Commercial and Industrial 32,418 25,523 Consumer Home equity loans and lines of credit 8,300 7,973 Motor vehicle 9,321 10,337 Other 8,481 6,774 26,102 25,084 Total 319,853 304,124 Less: Net deferred loan fees 293 201 Allowance for loan losses 2,073 1,911 $ 317,487 $ 302,012
Schedule of Components of Provision for Loan Loss and Loan Charged Off [Table Text Block]	The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment based on impairment method as of June 30, 2015 and December 31, 2014. Accrued interest receivable and net deferred loan fees are not considered significant and therefore are not included in the loan balances presented in the table below (in thousands): June 30, 2015 Allowance for Loan Losses Loan Balances Individually Purchased Collectively Individually Purchased Collectively Evaluated for Credit-Impaired Evaluated for Evaluated for Credit-Impaired Evaluated for Loan Segment Impairment Loans Impairment Total Impairment Loans Impairment Total Real estate $ 23 $ - $ 1,877 $ 1,900 $ 1,881 $ 3,318 $ 256,134 $ 261,333 Commercial and industrial 2 - 87 89 239 425 31,754 32,418 Consumer - - 84 84 - 30 26,072 26,102 Total $ 25 $ - $ 2,048 $ 2,073 $ 2,120 $ 3,773 $ 313,960 $ 319,853 December 31, 2014 Allowance for Loan Losses Loan Balances Individually Purchased Collectively Individually Purchased Collectively Evaluated for Credit-Impaired Evaluated for Evaluated for Credit-Impaired Evaluated for Loan Segment Impairment Loans Impairment Total Impairment Loans Impairment Total Real estate $ - $ - $ 1,806 $ 1,806 $ 324 $ 3,633 $ 249,560 $ 253,517 Commercial and industrial - - 43 43 19 439 25,065 25,523 Consumer - - 62 62 - 10 25,074 25,084 Total $ - $ - $ 1,911 $ 1,911 $ 343 $ 4,082 $ 299,699 $ 304,124
Impaired Financing Receivables [Table Text Block]	The following table presents information related to impaired loans by class of loans as of June 30, 2015 and December 31, 2014. Unpaid Recorded Allowance Average Interest Cash Basis June 30, 2015 With no related allowance recorded: Commercial $ 275 $ 193 $ - $ 106 $ - $ - Commercial real estate: - Construction - - - - - Other 425 399 - 299 - - Residential real estate: Nontraditional - - - - - - Other 1,202 886 - 506 - - Subtotal $ 1,902 $ 1,478 - $ 911 - - With an allowance recorded: Commercial $ 46 $ 46 $ 2 $ 23 $ - $ - Commercial real estate: Construction - - - - - - Other 596 596 23 298 - - Residential real estate: Nontraditional - - - - - Other - - - - - Subtotal 642 642 25 321 - - Total $ 2,544 $ 2,120 $ 25 $ 1,232 $ - $ - Unpaid Recorded Allowance Average Interest Cash Basis December 31, 2014 With no related allowance recorded: Commercial $ 19 $ 19 $ - $ 5 $ - $ - Commercial real estate: Construction - - - - - - Other 199 199 - 50 - - Residential real estate: Nontraditional - - - - - - Other 125 125 - 31 - - Subtotal 343 343 - 86 - - With an allowance recorded: Commercial - - - - - - Commercial real estate: Construction - - - - - - Other - - - - - - Residential real estate: Nontraditional - - - - - - Other - - - - - - Subtotal - - - - - - Total $ 343 $ 343 $ - $ 86 $ - $ -
Allowance for Credit Losses on Financing Receivables [Table Text Block]	The following table sets forth an analysis of our allowance for loan losses for the three and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended Commercial June 30, 2015 Real Estate and Industrial Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 1,878 $ 72 $ 63 $ - $ 2,013 Provision for loan losses 279 7 108 - 394 Loans charged-off (266) - (99) - (365) Recoveries 9 10 12 - 31 Total ending allowance balance $ 1,900 $ 89 $ 84 $ - $ 2,073 Three Months Ended Commercial June 30, 2014 Real Estate and Industrial Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 1,767 $ 11 $ 41 $ 48 $ 1,867 Provision for loan losses (109) 4 16 89 - Loans charged-off (116) (8) (7) - (131) Recoveries 17 - 4 - 21 Total ending allowance balance $ 1,559 $ 7 $ 54 $ 137 $ 1,757 Six Months Ended Commercial June 30, 2015 Real Estate and Industrial Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 1,806 $ 43 $ 62 $ - $ 1,911 Provision for loan losses 278 61 146 - 485 Loans charged-off (318) (52) (146) - (516) Recoveries 134 37 22 - 193 Total ending allowance balance $ 1,900 $ 89 $ 84 $ - $ 2,073 Six Months Ended Commercial June 30, 2014 Real Estate and Industrial Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 1,818 $ 8 $ 52 $ 30 $ 1,908 Provision for loan losses (106) (11) 10 107 - Loans charged-off (172) (8) (12) - (192) Recoveries 19 18 4 - 41 Total ending allowance balance $ 1,559 $ 7 $ 54 $ 137 $ 1,757
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	The following table presents the recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans as of June 30, 2015 and December 31, 2014 (in thousands): June 30, 2015 December 31, 2014 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Nonaccrual Still Accruing Nonaccrual Still Accruing Real estate: One to four family $ 2,687 $ - $ 2,223 $ - Multi-family - - - - Commercial real estate 931 - 578 - Construction and land 46 - 103 - Commercial and industrial 303 - 396 - Consumer: Home equity loans and lines of credit 23 - 1 - Motor vehicle 8 - 21 - Other 27 - 31 - Total $ 4,025 $ - $ 3,353 $ -
Past Due Financing Receivables [Table Text Block]	The following table presents the aging of the recorded investment in past due loans as of June 30, 2015 and December 31, 2014 by class of loans. Non-accrual loans of $ 4.0 3.4 30 - 59 60 - 89 Greater than Purchased Days Days 89 Days Total Credit-Impaired Loans Not Past Due Past Due Past Due Past Due Loans Past Due Total June 30, 2015 Real estate: One to four family $ 1,151 $ 511 $ 1,706 $ 3,368 $ 1,233 $ 184,936 $ 189,537 Multi-family - - - - - 5,407 5,407 Commercial real estate 216 - 732 948 1,818 59,915 62,681 Construction and land - - 13 13 267 3,428 3,708 Commercial and industrial 253 1 209 463 425 31,530 32,418 Consumer: Home equity loans and lines of credit - 12 23 35 6 8,259 8,300 Motor vehicle 6 - 8 14 - 9,307 9,321 Other 2 - - 2 24 8,455 8,481 Total $ 1,628 $ 524 $ 2,691 $ 4,843 $ 3,773 $ 311,237 $ 319,853 30 - 59 60 - 89 Greater than Purchased Days Days 89 Days Total Credit-Impaired Loans Not Past Due Past Due Past Due Past Due Loans Past Due Total December 31, 2014 Real estate: One to four family $ 2,028 $ 488 $ 1,259 $ 3,775 $ 1,262 $ 174,443 $ 179,480 Multi-family - - - - - 5,916 5,916 Commercial real estate 1,102 124 38 1,264 2,031 59,684 62,979 Construction and land - - 103 103 340 4,699 5,142 Commercial and industrial 245 46 257 548 439 24,536 25,523 Consumer: Home equity loans and lines of credit 86 23 - 109 7 7,857 7,973 Motor vehicle 102 4 20 126 - 10,211 10,337 Other 33 20 16 69 3 6,702 6,774 Total $ 3,596 $ 705 $ 1,693 $ 5,994 $ 4,082 $ 294,048 $ 304,124
Loan Risk Category by Class of Loan [Table Text Block]	Based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands): Pass Special Mention Substandard Doubtful Not Rated June 30, 2015 One to four family $ 181,162 $ 3,144 $ 5,231 $ - $ - Multi family 5,407 - - - - Commercial real estate 60,006 160 2,515 - - Construction and land 3,012 - 696 - - Commercial and industrial 30,248 1,461 709 - - Home equity loans and lines of credit 8,255 - 45 - - Motor vehicle 9,271 11 39 - - Other 8,420 8 53 - - Total $ 305,781 $ 4,784 $ 9,288 $ - $ - Pass Special Mention Substandard Doubtful Not Rated December 31, 2014 One to four family $ 171,324 $ 3,794 $ 4,362 $ - $ - Multi family 5,916 - - - - Commercial real estate 60,250 54 2,675 - - Construction and land 4,402 52 688 - - Commercial and industrial 22,162 2,332 1,029 - - Home equity loans and lines of credit 7,935 30 8 - - Motor vehicle 10,299 22 16 - - Other 6,740 - 34 - - Total $ 289,028 $ 6,284 $ 8,812 $ - $ -
Schedule of Financing Receivable, Acquired With and Without Evidence of Deteriorated Credit Quality [Table Text Block]	June 30, 2015 Non-impaired Credit-impaired Purchased Purchased (in thousands) Loans Loans Real estate mortgage loans: Residential: 1-4 Family $ 43,704 $ 1,233 Multi-family 2,775 - Construction & Land 1,343 267 Farm 5,753 18 Nonresidential 24,396 1,800 Commercial non-mortgage loans 9,171 425 Consumer loans 4,280 30 Total loans $ 91,422 $ 3,773 December 31, 2014 Non-impaired Credit-impaired Purchased Purchased (in thousands) Loans Loans Real estate mortgage loans: Residential: 1-4 Family $ 36,256 $ 1,300 Multi-family 3,237 - Construction & Land 2,391 340 Farm 6,299 23 Nonresidential 25,545 1,970 Commercial non-mortgage loans 11,073 439 Consumer loans 4,363 10 Total loans $ 89,164 $ 4,082
Schedule of Composition of Acquired Financing Receivable [Table Text Block]	The following table presents the composition of the acquired loans at June 30, 2015: Contractual Unaccreted Amortized (in thousands) Amount Discount Book Value Real estate mortgage loans: Residential: 1-4 Family $ 46,144 $ (1,207) $ 44,937 Multi-family 2,818 (42) 2,776 Construction & Land 1,634 (23) 1,611 Farm 5,892 (121) 5,771 Nonresidential 27,136 (940) 26,196 Commercial non-mortgage loans 12,490 (2,895) 9,595 Consumer loans 4,378 (69) 4,309 Total loans $ 100,492 $ (5,297) $ 95,195
Schedule of Loans and Debt Securities Acquired with Deteriorated Credit Quality [Table Text Block]	The following table presents the purchased loans that are included within the scope of ASC Topic 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality 164,000 94,000 (in thousands) Contractually-required principal and interest payments $ 7,686 Non-Accretable difference (3,431) Accretable yield (482) Fair value of loans $ 3,773

FEDERAL HOME LOAN BANK ADVANC23

FEDERAL HOME LOAN BANK ADVANCES (Tables)	6 Months Ended
	Jun. 30, 2015
FEDERAL HOME LOAN BANK ADVANCES [Abstract]
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block]	June 30, December 31, 2015 2014 Maturities July 2015 through June 2025, fixed rate at rates from 0.17% to 6.70%, weighted average rate of 1.59% at June 30, 2015 and 1.55% at December 31, 2014 $ 14,948 $ 17,952
Schedule of Federal Home Loan Bank Advances Maturities Summary [Table Text Block]	June 30, 2016 $ 9,887 2017 2,013 2018 1,629 2019 915 2020 95 Thereafter 409 Total $ 14,948

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Jun. 30, 2015
FAIR VALUE [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands): Fair Value Measurements at June 30, 2015 Using: Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) Financial Assets Securities: States and political subdivisions $ 17,505 $ - $ 17,505 $ - U.S. Government agencies and sponsored entities 13,056 - 13,056 - Mortgage backed securities: residential 25,886 - 25,886 - Collateralized mortgage obligations 7,544 - 7,544 - SBA loan pools 3,871 - 3,871 - Total securities $ 67,862 $ - $ 67,862 $ - Fair Value Measurements at December 31, 2014 Using: Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) Financial Assets Securities: States and political subdivisions $ 17,746 $ - $ 17,746 $ - U.S. Government agencies and sponsored entities 13,986 - 13,986 - Mortgage backed securities: residential 28,965 - 28,965 - Collateralized mortgage obligations 4,565 - 4,565 - Total securities $ 65,262 $ - $ 65,262 $ -
Fair Value Measurements, Nonrecurring [Table Text Block]	Assets measured at fair value on a non-recurring basis are summarized below (in thousands): Fair Value Measurements at June 30, 2015 Using: Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) Impaired loans Commercial, net $ 44 $ - $ - $ 44 Commercial real estate, net 573 - - 573 Other real estate owned Commercial real estate, net $ 115 $ - $ - $ 115 Fair Value Measurements at December 31, 2014 Using: Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) Other real estate owned One to four family, net $ 72 $ - $ - $ 72 Commercial real estate, net 115 - - 115
Fair Value, by Balance Sheet Grouping [Table Text Block]	The carrying amounts and estimated fair values of financial instruments at June 30, 2015 and December 31, 2014 are as follows (in thousands): Fair Value Measurements Carrying June 30, 2015 Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 15,812 $ 15,812 $ - $ - $ 15,812 Securities 67,862 - 67,862 - 67,862 Restricted stock 3,276 N/A N/A N/A N/A Loans held for sale - - - - - Loans, net 317,487 - - 333,361 333,361 Accrued interest receivable 1,366 - 313 1,053 1,366 Financial liabilities Deposits $ 340,416 $ 182,104 $ 157,312 $ - $ 339,416 Federal Home Loan Bank advances 14,948 6,000 9,167 - 15,167 Subordinated debenture 2,729 - 2,729 - 2,729 Accrued interest payable 123 - 123 - 123 Fair Value Measurements Carrying December 31, 2014 Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 16,967 $ 16,967 $ - $ - $ 16,967 Securities 65,262 - 65,262 - 65,262 Restricted stock 2,921 N/A N/A N/A N/A Loans held for sale 712 - 712 - 712 Loans, net 302,012 - - 316,493 316,493 Accrued interest receivable 1,347 - 293 1,054 1,347 Financial liabilities Deposits $ 323,138 $ 159,384 $ 165,190 $ - $ 324,574 Federal Home Loan Bank advances 17,952 9,000 9,171 - 18,171 Subordinated debenture 2,697 - 2,697 - 2,697 Accrued interest payable 47 - 47 - 47

ESOP PLAN (Tables)

ESOP PLAN (Tables)	6 Months Ended
	Jun. 30, 2015
ESOP PLAN [Abstract]
Schedule of Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]	Shares held by the ESOP at June 30, 2015 and December 31, 2014 were as follows (dollars in thousands): June 30, December 31, 2015 2014 Allocated to participants $ 43,457 $ 29,967 Released, but unallocated - - Unearned 225,952 239,442 Total ESOP shares 269,409 269,409 Fair value of unearned shares $ 3,464 $ 3,561

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2015
EARNINGS PER SHARE [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The factors used in the earnings per share computation for the three and six months ended June 30, 2015 and 2014, were as follows (in thousands): Three months ended Six months ended June 30, June 30, 2015 2014 2015 2014 Basic Net income $ 1,716 $ 511 $ 2,302 $ 86 Less: Net income attributable to participating securities 32 18 49 3 Net income available to common shareholders 1,684 493 2,253 83 Weighted average common shares outstanding 3,842,894 3,897,688 3,845,905 3,664,046 Less: Average unallocated ESOP shares (235,436) (239,439) (237,427) (239,439) Average participating shares (72,248) (106,273) (81,865) (120,505) Weighted average common shares outstanding for basic earnings per common share 3,535,210 3,551,976 3,526,613 3,304,102 Basic earnings per common share $ 0.48 $ 0.14 $ 0.64 $ 0.03 Diluted Net income available to common shareholders $ 1,684 $ 493 $ 2,253 $ 83 Weighted average common shares outstanding for basic earnings per common share 3,535,210 3,551,976 3,526,613 3,304,102 Add dilutive effects of potential additional common stock - - - - Average shares and dilutive potential common shares 3,535,210 3,551,976 3,526,613 3,304,102 Earnings per common share assuming dilution $ 0.48 $ 0.14 $ 0.64 $ 0.03

STOCK BASED COMPENSATION (Table

STOCK BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2015
STOCK BASED COMPENSATION [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	The following table summarizes stock option activity for the six months ended June 30, 2015: Weighted Average Options Exercise Price Outstanding - December 31, 2014 299,500 $ 14.94 Granted 5,000 15.44 Exercised - - Forfeited (5,000) 14.86 Outstanding - June 30, 2015 299,500 $ 14.95 Fully vested and exercisable at June 30, 2015 121,000 Expected to vest in future periods 178,500
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The weighted-average assumptions used in the Black-Scholes-Merton option pricing model to determine the fair value of options granted was as follows: Six months ended June 30, 2015 Risk-free interest rate 1.86 % Expected dividend yield 1.55 % Expected stock volatility 12.94 Expected life (years) 7 Weighted average fair value of options granted $ 2.01
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	The following table summarizes non-vested restricted stock activity for the six months ended June 30, 2015: Balance - December 31, 2014 100,624 Granted - Forfeited (539) Vested (31,573) Balance - June 30, 2015 68,512

ACCUMULATED OTHER COMPREHENSI28

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2015
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table is changes in Accumulated Other Comprehensive Income (Loss) by component, net of tax for the three and six months ended June 30, 2015. Unrealized Gains and Losses on Available-for-Sale Securities Three months Three months Six months Six months (in thousands) ended ended ended ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Beginning balance $ 614 $ (351) $ 460 $ (851) Other comprehensive income (loss), net of tax before reclassification (370) 705 (216) 1,205 Amounts reclassified from accumulated to other comprehensive income for gains on sale of securities, net of tax expense of $0, $100, $0 and $100 respectively. - (194) - (194) Net current period other comprehensive income (loss) (370) 511 (216) 1,011 Ending Balance $ 244 $ 160 $ 244 $ 160

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	6 Months Ended
	Jun. 30, 2015
BANK ACQUISITION [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The bargain purchase gain is recorded in non-interest income in the Company’s consolidated statement of income for the three and six months ended June 30, 2015. (in thousands) May 31, 2015 Recognized amounts of identifiable assets acquired and liabilities assumed Fair value of assets acquired Cash and due from banks $ 2,355 Restricted stock 299 Loans 14,898 Premises and equipment, net 1,333 Accrued interest receivable 57 Prepaid expenses and other assets 17 Deferred federal income taxes 325 Core deposit intangible 227 Total assets acquired $ 19,511 Fair value of liabilities assumed Deposits 15,403 FHLB advances 2,316 Accrued interest payable 22 Other liabilities 215 Total liabilities assumed $ 17,956
Schedule Of Financing Receivable, Acquired With and Without Evidence of Deteriorated Credit Quality [Table Text Block]	These estimates were based on the most recently available real estate appraisals with certain adjustments made based on the type of property, age of appraisal, current status of the property and other related factors to estimate the current value of the collateral. Non-impaired Credit-impaired Real estate mortgage loans: Residential: 1-4 Family $ 13,663 $ 72 Nonresidential and land 438 - Consumer Loans 702 23 Total Loans $ 14,803 $ 95
Schedule Of Composition of Acquired Financing Receivable [Table Text Block]	The composition of the acquired loans at May 31, 2015 follows: Contractual Fair Value Fair Value Real estate mortgage loans: Residential: 1-4 Family $ 13,892 $ (266) $ 13,626 Nonresidential and land 450 (12) 438 Consumer Loans 841 (7) 834 Total Loans $ 15,183 $ (285) $ 14,898
Schedule of Loans and Debt Securities Acquired with Deteriorated Credit Quality [Table Text Block]	The following table presents the purchased loans that are included within the scope of ASC Topic 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality Contractually-required principal and interest payments $ 165 Non-Accretable difference (64) Accretable yield (6) $ 95
Business Acquisition, Pro Forma Information [Table Text Block]	The following table presents pro forma information as if the acquisition had occurred January 1, 2014. Three months ended Six months ended June 30, June 30, (in thousands, except per share data) 2015 2014 2015 2014 Net Interest Income $ 4,122 $ 4,473 $ 8,343 $ 7,300 Net Income before tax $ 2,172 $ 728 $ 3,015 $ (530) Income tax expense 230 227 573 (140) Net Income $ 1,942 $ 501 $ 2,442 $ (390) Basic earnings per share $ 0.52 $ 0.13 $ 0.65 $ 0.11 Diluted earnings per share $ 0.52 $ 0.13 $ 0.65 $ 0.11

BASIS OF PRESENTATION AND SUM30

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended
	May. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Common Stock, Shares, Outstanding		3,952,944	3,876,455
Commonwealth Bank [Member]
Business Acquisition [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	166,221
Business Acquisition, Share Price	$ 12.73
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	$ 2.1
Common Stock, Shares, Outstanding	3,952,944

SECURITIES AVAILABLE FOR SALE31

SECURITIES AVAILABLE FOR SALE (Schedule of Gross Unrealized Gains and Losses Recognized) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 67,492	$ 64,565
Gross Unrealized Gains	743	1,067
Gross Unrealized Losses	(373)	(370)
Total securities	67,862	65,262
States and political subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	17,041	17,121
Gross Unrealized Gains	482	633
Gross Unrealized Losses	(18)	(8)
Total securities	17,505	17,746
U.S. Government agencies and sponsored entities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	13,248	14,247
Gross Unrealized Gains	13	6
Gross Unrealized Losses	(205)	(267)
Total securities	13,056	13,986
FHLMC [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	12,827	14,346
Gross Unrealized Gains	132	251
Gross Unrealized Losses	(15)	(7)
Total securities	12,944	14,590
FNMA [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	12,867	14,207
Gross Unrealized Gains	103	177
Gross Unrealized Losses	(28)	(9)
Total securities	12,942	14,375
Collateralized Mortgage Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	7,597	4,644
Gross Unrealized Gains	13	0
Gross Unrealized Losses	(66)	(79)
Total securities	7,544	$ 4,565
SBA Loan Pools [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,912
Gross Unrealized Gains	0
Gross Unrealized Losses	(41)
Total securities	$ 3,871

SECURITIES AVAILABLE FOR SALE32

SECURITIES AVAILABLE FOR SALE (Schedule of Proceeds From Sales of Securities) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Schedule of Available-for-sale Securities [Line Items]
Proceeds	$ 0	$ 19,721	$ 0	$ 19,721
Gross gains	0	372	0	372
Gross losses	$ 0	$ (78)	$ 0	$ (78)

SECURITIES AVAILABLE FOR SALE33

SECURITIES AVAILABLE FOR SALE (Schedule of Contractual Maturities) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost, Within one year	$ 250
Fair Value, Within one year	251
Amortized Cost, One to five years	12,829
Fair Value, One to five years	12,870
Amortized Cost, Five to ten years	14,444
Fair Value, Five to ten years	14,566
Amortized Cost, Beyond ten years	2,766
Fair Value, Beyond ten years	2,874
Amortized Cost, Mortgage-backed securities and collateralized mortgage obligations	33,291
Fair Value, Mortgage-backed securities and collateralized mortgage obligations	33,430
Amortized Cost, SBA loan pools	3,912
Fair Value, SBA loan pools	3,871
Amortized Cost, Total	67,492
Fair Value, Total	$ 67,862	$ 65,262

SECURITIES AVAILABLE FOR SALE34

SECURITIES AVAILABLE FOR SALE (Schedule of Securities With Unrealized Losses) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	$ 14,849	$ 4,787
Less than 12 Months, Unrealized Losses	(133)	(24)
12 Months or Longer, Fair Value	11,759	17,472
12 Months or Longer, Unrealized Losses	(240)	(346)
Total Securities, Fair Value	26,608	22,259
Total Securities, Unrealized Losses	(373)	(370)
States and political subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	814	1,072
Less than 12 Months, Unrealized Losses	(17)	(8)
12 Months or Longer, Fair Value	628	0
12 Months or Longer, Unrealized Losses	(1)	0
Total Securities, Fair Value	1,442	1,072
Total Securities, Unrealized Losses	(18)	(8)
U.S. Government agencies and sponsored entities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	2,985	0
Less than 12 Months, Unrealized Losses	(15)	0
12 Months or Longer, Fair Value	8,560	12,482
12 Months or Longer, Unrealized Losses	(190)	(267)
Total Securities, Fair Value	11,545	12,482
Total Securities, Unrealized Losses	(205)	(267)
FHLMC [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	1,561	0
Less than 12 Months, Unrealized Losses	(15)	0
12 Months or Longer, Fair Value	0	1,131
12 Months or Longer, Unrealized Losses	0	(7)
Total Securities, Fair Value	1,561	1,131
Total Securities, Unrealized Losses	(15)	(7)
FNMA [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	2,739	2,063
Less than 12 Months, Unrealized Losses	(28)	(3)
12 Months or Longer, Fair Value	0	946
12 Months or Longer, Unrealized Losses	0	(6)
Total Securities, Fair Value	2,739	3,009
Total Securities, Unrealized Losses	(28)	(9)
Collateralized Mortgage Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	2,879	1,652
Less than 12 Months, Unrealized Losses	(17)	(13)
12 Months or Longer, Fair Value	2,571	2,913
12 Months or Longer, Unrealized Losses	(49)	(66)
Total Securities, Fair Value	5,450	4,565
Total Securities, Unrealized Losses	(66)	$ (79)
SBA Loan Pools [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	3,871
Less than 12 Months, Unrealized Losses	(41)
12 Months or Longer, Fair Value	0
12 Months or Longer, Unrealized Losses	0
Total Securities, Fair Value	3,871
Total Securities, Unrealized Losses	$ (41)

LOANS (Schedule of Outstanding

LOANS (Schedule of Outstanding Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts Notes and Loans Receivable [Line Items]
Total	$ 319,853	$ 304,124
Less: Net deferred loan fees	293	201
Allowance for loan losses	2,073	1,911
Loans, net of allowance, Total	317,487	302,012
One to Four Family [Member]
Accounts Notes and Loans Receivable [Line Items]
Total	189,537	179,480
Real Estate Multi-Family [Member]
Accounts Notes and Loans Receivable [Line Items]
Total	5,407	5,916
Commercial [Member]
Accounts Notes and Loans Receivable [Line Items]
Total	62,681	62,979
Construction and Land [Member]
Accounts Notes and Loans Receivable [Line Items]
Total	3,708	5,142
Commercial And Industrial [Member]
Accounts Notes and Loans Receivable [Line Items]
Total	32,418	25,523
Home Equity Line of Credit [Member]
Accounts Notes and Loans Receivable [Line Items]
Total	8,300	7,973
Consumer Motor Vehicle [Member]
Accounts Notes and Loans Receivable [Line Items]
Total	9,321	10,337
Other [Member]
Accounts Notes and Loans Receivable [Line Items]
Total	8,481	6,774
Real Estate [Member]
Accounts Notes and Loans Receivable [Line Items]
Total	261,333	253,517
Allowance for loan losses	1,900	1,806
Consumer [Member]
Accounts Notes and Loans Receivable [Line Items]
Total	26,102	25,084
Allowance for loan losses	$ 84	$ 62

LOANS (Schedule of Balance in t

LOANS (Schedule of Balance in the Allowance For Loan Losses and Recorded Investment) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Individually Evaluated for Impairment	$ 25		$ 0
Allowance for Loan Losses, Purchased Credit-Impaired Loans	(2,073)	$ (2,013)	(1,911)	$ (1,757)	$ (1,867)	$ (1,908)
Allowance for Loan Losses, Collectively Evaluated for Impairment	2,048		1,911
Allowance for Loan Losses	2,073		1,911
Loan Balances, Individually Evaluated for Impairment	2,120		343
Loan Balances, Purchased Credit-Impaired Loans	3,773		4,082
Loan Balances, Collectively Evaluated for Impairment	313,960		299,699
Total	319,853		304,124
Receivables Acquired with Deteriorated Credit Quality [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Purchased Credit-Impaired Loans	0		0
Real estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Individually Evaluated for Impairment	23		0
Allowance for Loan Losses, Purchased Credit-Impaired Loans	(1,900)	(1,878)	(1,806)	(1,559)	(1,767)	(1,818)
Allowance for Loan Losses, Collectively Evaluated for Impairment	1,877		1,806
Allowance for Loan Losses	1,900		1,806
Loan Balances, Individually Evaluated for Impairment	1,881		324
Loan Balances, Purchased Credit-Impaired Loans	3,318		3,633
Loan Balances, Collectively Evaluated for Impairment	256,134		249,560
Total	261,333		253,517
Real estate [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Purchased Credit-Impaired Loans	0		0
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Individually Evaluated for Impairment	2		0
Allowance for Loan Losses, Purchased Credit-Impaired Loans	(89)	(72)	(43)	(7)	(11)	(8)
Allowance for Loan Losses, Collectively Evaluated for Impairment	87		43
Allowance for Loan Losses	89		43
Loan Balances, Individually Evaluated for Impairment	239		19
Loan Balances, Purchased Credit-Impaired Loans	425		439
Loan Balances, Collectively Evaluated for Impairment	31,754		25,065
Total	32,418		25,523
Commercial and Industrial [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Purchased Credit-Impaired Loans	0		0
Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Individually Evaluated for Impairment	0		0
Allowance for Loan Losses, Purchased Credit-Impaired Loans	(84)	$ (63)	(62)	$ (54)	$ (41)	$ (52)
Allowance for Loan Losses, Collectively Evaluated for Impairment	84		62
Allowance for Loan Losses	84		62
Loan Balances, Individually Evaluated for Impairment	0		0
Loan Balances, Purchased Credit-Impaired Loans	30		10
Loan Balances, Collectively Evaluated for Impairment	26,072		25,074
Total	26,102		25,084
Consumer [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Purchased Credit-Impaired Loans	$ 0		$ 0

LOANS (Schedule of Impaired loa

LOANS (Schedule of Impaired loans by class of loans) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	$ 1,902	$ 343
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	1,478	343
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	911	86
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	0	0
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method	0	0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	642	0
Impaired Financing Receivable, with Related Allowance, Recorded Investment	642	0
Impaired Financing Receivable Related With No Allowance	0	0
Impaired Financing Receivable, Related Allowance	25	0
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	321	0
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	0	0
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method	0	0
Impaired Financing Receivable, Unpaid Principal Balance	2,544	343
Impaired Financing Receivable, Recorded Investment	2,120	343	$ 0
Impaired Financing Receivable, Average Recorded Investment	1,232	86
Impaired Financing Receivable, Interest Income, Accrual Method	0	0
Impaired Financing Receivable, Interest Income, Cash Basis Method	0	0
Impaired Financing Receivable Allowance For Loan Losses Allocated	25	0
Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Related With No Allowance	0
Commercial Loan [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	275	19
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	193	19
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	106	5
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	0	0
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method	0	0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	46	0
Impaired Financing Receivable, with Related Allowance, Recorded Investment	46	0
Impaired Financing Receivable Related With No Allowance	0	0
Impaired Financing Receivable, Related Allowance	2	0
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	23	0
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	0	0
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method	0	0
Construction Loans [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Related With No Allowance	0
Construction Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	0	0
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	0	0
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	0	0
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	0	0
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method	0	0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	0	0
Impaired Financing Receivable, with Related Allowance, Recorded Investment	0	0
Impaired Financing Receivable Related With No Allowance		0
Impaired Financing Receivable, Related Allowance	0	0
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	0	0
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	0	0
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method	0	0
Real Estate Loan [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	425	199
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	399	199
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	299	50
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	0	0
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method	0	0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	596	0
Impaired Financing Receivable, with Related Allowance, Recorded Investment	596	0
Impaired Financing Receivable Related With No Allowance		0
Impaired Financing Receivable, Related Allowance	23	0
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	298	0
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	0	0
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method	0	0
Residential Real Estate Nontraditional Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	0	0
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	0	0
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	0	0
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	0	0
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method	0	0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	0	0
Impaired Financing Receivable, with Related Allowance, Recorded Investment	0	0
Impaired Financing Receivable Related With No Allowance	0	0
Impaired Financing Receivable, Related Allowance	0	0
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	0	0
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	0	0
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method	0	0
Residential Real Estate Other Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	1,202	125
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	886	125
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	506	31
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	0	0
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method	0	0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	0	0
Impaired Financing Receivable, with Related Allowance, Recorded Investment	0	0
Impaired Financing Receivable Related With No Allowance	0	0
Impaired Financing Receivable, Related Allowance	0	0
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	0	0
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	0	0
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method	$ 0	$ 0

LOANS (Schedule of Loan Loss Al

LOANS (Schedule of Loan Loss Allowance Analysis) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accounts Notes and Loans Receivable [Line Items]
Beginning balance	$ 2,013	$ 1,867	$ 1,911	$ 1,908
Provision for loan losses	394	0	485	0
Loans charged-off	(365)	(131)	(516)	(192)
Recoveries	31	21	193	41
Total ending allowance balance	2,073	1,757	2,073	1,757
Real Estate [Member]
Accounts Notes and Loans Receivable [Line Items]
Beginning balance	1,878	1,767	1,806	1,818
Provision for loan losses	279	(109)	278	(106)
Loans charged-off	(266)	(116)	(318)	(172)
Recoveries	9	17	134	19
Total ending allowance balance	1,900	1,559	1,900	1,559
Commercial and Industrial [Member]
Accounts Notes and Loans Receivable [Line Items]
Beginning balance	72	11	43	8
Provision for loan losses	7	4	61	(11)
Loans charged-off	0	(8)	(52)	(8)
Recoveries	10	0	37	18
Total ending allowance balance	89	7	89	7
Consumer [Member]
Accounts Notes and Loans Receivable [Line Items]
Beginning balance	63	41	62	52
Provision for loan losses	108	16	146	10
Loans charged-off	(99)	(7)	(146)	(12)
Recoveries	12	4	22	4
Total ending allowance balance	84	54	84	54
Unallocated [Member]
Accounts Notes and Loans Receivable [Line Items]
Beginning balance	0	48	0	30
Provision for loan losses	0	89	0	107
Loans charged-off	0	0	0	0
Recoveries	0	0	0	0
Total ending allowance balance	$ 0	$ 137	$ 0	$ 137

LOANS (Schedule of Recorded Inv

LOANS (Schedule of Recorded Investment in Nonaccrual and Loans Past Due) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts Notes and Loans Receivable [Line Items]
Nonaccrual	$ 4,025	$ 3,353
Loans Past Due Over 90 Days Still Accruing	0	0
One to Four Family [Member]
Accounts Notes and Loans Receivable [Line Items]
Nonaccrual	2,687	2,223
Loans Past Due Over 90 Days Still Accruing	0	0
Multi-Family [Member]
Accounts Notes and Loans Receivable [Line Items]
Nonaccrual	0	0
Loans Past Due Over 90 Days Still Accruing	0	0
Commercial real estate [Member]
Accounts Notes and Loans Receivable [Line Items]
Nonaccrual	931	578
Loans Past Due Over 90 Days Still Accruing	0	0
Construction and Land [Member]
Accounts Notes and Loans Receivable [Line Items]
Nonaccrual	46	103
Loans Past Due Over 90 Days Still Accruing	0	0
Commercial and Industrial [Member]
Accounts Notes and Loans Receivable [Line Items]
Nonaccrual	303	396
Loans Past Due Over 90 Days Still Accruing	0	0
Home equity loans and lines of credit [Member]
Accounts Notes and Loans Receivable [Line Items]
Nonaccrual	23	1
Loans Past Due Over 90 Days Still Accruing	0	0
Motor vehicle [Member]
Accounts Notes and Loans Receivable [Line Items]
Nonaccrual	8	21
Loans Past Due Over 90 Days Still Accruing	0	0
Other [Member]
Accounts Notes and Loans Receivable [Line Items]
Nonaccrual	27	31
Loans Past Due Over 90 Days Still Accruing	$ 0	$ 0

LOANS (Schedule of Aging of the

LOANS (Schedule of Aging of the Recorded Investment in Past Due Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 4,843	$ 5,994
Purchased Credit-Impaired Loans	3,773	4,082
Loans Not Past Due	311,237	294,048
Total	319,853	304,124
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,628	3,596
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	524	705
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,691	1,693
One to Four Family [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,368	3,775
Purchased Credit-Impaired Loans	1,233	1,262
Loans Not Past Due	184,936	174,443
Total	189,537	179,480
One to Four Family [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,151	2,028
One to Four Family [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	511	488
One to Four Family [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,706	1,259
Multi-Family [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Purchased Credit-Impaired Loans	0	0
Loans Not Past Due	5,407	5,916
Total	5,407	5,916
Multi-Family [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Multi-Family [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Multi-Family [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	948	1,264
Purchased Credit-Impaired Loans	1,818	2,031
Loans Not Past Due	59,915	59,684
Total	62,681	62,979
Commercial real estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	216	1,102
Commercial real estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	124
Commercial real estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	732	38
Construction and Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	13	103
Purchased Credit-Impaired Loans	267	340
Loans Not Past Due	3,428	4,699
Total	3,708	5,142
Construction and Land [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Construction and Land [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Construction and Land [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	13	103
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	463	548
Purchased Credit-Impaired Loans	425	439
Loans Not Past Due	31,530	24,536
Total	32,418	25,523
Commercial and Industrial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	253	245
Commercial and Industrial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1	46
Commercial and Industrial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	209	257
Home equity loans and lines of credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	35	109
Purchased Credit-Impaired Loans	6	7
Loans Not Past Due	8,259	7,857
Total	8,300	7,973
Home equity loans and lines of credit [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	86
Home equity loans and lines of credit [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	12	23
Home equity loans and lines of credit [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	23	0
Motor vehicle [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	14	126
Purchased Credit-Impaired Loans	0	0
Loans Not Past Due	9,307	10,211
Total	9,321	10,337
Motor vehicle [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6	102
Motor vehicle [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	4
Motor vehicle [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	8	20
Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2	69
Purchased Credit-Impaired Loans	24	3
Loans Not Past Due	8,455	6,702
Total	8,481	6,774
Other [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2	33
Other [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	20
Other [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 0	$ 16

LOANS (Schedule of Risk Categor

LOANS (Schedule of Risk Category of Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	$ 319,853	$ 304,124
Pass [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	305,781	289,028
Special Mention [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	4,784	6,284
Substandard [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	9,288	8,812
Doubtful [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Not Rated [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
One to Four Family [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	189,537	179,480
One to Four Family [Member] | Pass [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	181,162	171,324
One to Four Family [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	3,144	3,794
One to Four Family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	5,231	4,362
One to Four Family [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
One to Four Family [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Multi-Family [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	5,407	5,916
Multi-Family [Member] | Pass [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	5,407	5,916
Multi-Family [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Multi-Family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Multi-Family [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Multi-Family [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Commercial real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	62,681	62,979
Commercial real estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	60,006	60,250
Commercial real estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	160	54
Commercial real estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	2,515	2,675
Commercial real estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Commercial real estate [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Construction and land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	3,708	5,142
Construction and land [Member] | Pass [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	3,012	4,402
Construction and land [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	52
Construction and land [Member] | Substandard [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	696	688
Construction and land [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Construction and land [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	32,418	25,523
Commercial and Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	30,248	22,162
Commercial and Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	1,461	2,332
Commercial and Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	709	1,029
Commercial and Industrial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Commercial and Industrial [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Home equity loans and lines of credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	8,300	7,973
Home equity loans and lines of credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	8,255	7,935
Home equity loans and lines of credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	30
Home equity loans and lines of credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	45	8
Home equity loans and lines of credit [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Home equity loans and lines of credit [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Motor vehicle [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	9,321	10,337
Motor vehicle [Member] | Pass [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	9,271	10,299
Motor vehicle [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	11	22
Motor vehicle [Member] | Substandard [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	39	16
Motor vehicle [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Motor vehicle [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	8,481	6,774
Other [Member] | Pass [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	8,420	6,740
Other [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	8	0
Other [Member] | Substandard [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	53	34
Other [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Other [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	$ 0	$ 0

LOANS (Schedule of Loans with a

LOANS (Schedule of Loans with and without Evidence of Credit Quality Deterioration) (Details) - Segments [Domain] - USD ($) $ in Thousands	Jun. 30, 2015	May. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	$ 3,773		$ 4,082
Non-impaired Purchased Loans [Member] | Town Square Financial [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	91,422	$ 14,803	89,164
Non-impaired Purchased Loans [Member] | Town Square Financial [Member] | One to Four Family [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	43,704	13,663	36,256
Non-impaired Purchased Loans [Member] | Town Square Financial [Member] | Multi-Family [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	2,775		3,237
Non-impaired Purchased Loans [Member] | Town Square Financial [Member] | Construction and Land [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality			2,391
Non-impaired Purchased Loans [Member] | Town Square Financial [Member] | Construction and Land [Member] | Commercial Real Estate Portfolio Segment [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	1,343
Non-impaired Purchased Loans [Member] | Town Square Financial [Member] | Farm [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	5,753		6,299
Non-impaired Purchased Loans [Member] | Town Square Financial [Member] | Nonresidential [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	24,396	438	25,545
Non-impaired Purchased Loans [Member] | Town Square Financial [Member] | Commercial non-mortgage loans [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	9,171		11,073
Non-impaired Purchased Loans [Member] | Town Square Financial [Member] | Consumer Loans [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	4,280	702	4,363
Credit-impaired Purchased Loans [Member] | Town Square Financial [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	3,773	95	4,082
Credit-impaired Purchased Loans [Member] | Town Square Financial [Member] | One to Four Family [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	1,233	72	1,300
Credit-impaired Purchased Loans [Member] | Town Square Financial [Member] | Multi-Family [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	0		0
Credit-impaired Purchased Loans [Member] | Town Square Financial [Member] | Construction and Land [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality			340
Credit-impaired Purchased Loans [Member] | Town Square Financial [Member] | Construction and Land [Member] | Commercial Real Estate Portfolio Segment [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	267
Credit-impaired Purchased Loans [Member] | Town Square Financial [Member] | Farm [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	18		23
Credit-impaired Purchased Loans [Member] | Town Square Financial [Member] | Nonresidential [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	1,800	0	1,970
Credit-impaired Purchased Loans [Member] | Town Square Financial [Member] | Commercial non-mortgage loans [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	425		439
Credit-impaired Purchased Loans [Member] | Town Square Financial [Member] | Consumer Loans [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	$ 30	$ 23	$ 10

LOANS (Schedule of Composition

LOANS (Schedule of Composition of the Acquired Loans) (Details) - Internal Credit Assessment [Domain] - Segments [Domain] - USD ($) $ in Thousands	Jun. 30, 2015	May. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	$ 3,773		$ 4,082
Town Square Financial [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	95,195
Town Square Financial [Member] | Contractual Amount [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality		$ 15,183
Town Square Financial [Member] | Contractual Amount [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	100,492
Town Square Financial [Member] | Unaccreted Discount [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	(5,297)
One to Four Family [Member] | Town Square Financial [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	44,937
One to Four Family [Member] | Town Square Financial [Member] | Contractual Amount [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality		13,892
One to Four Family [Member] | Town Square Financial [Member] | Contractual Amount [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	46,144
One to Four Family [Member] | Town Square Financial [Member] | Unaccreted Discount [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	(1,207)
Real Estate Multi-Family [Member] | Town Square Financial [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	2,776
Real Estate Multi-Family [Member] | Town Square Financial [Member] | Contractual Amount [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	2,818
Real Estate Multi-Family [Member] | Town Square Financial [Member] | Unaccreted Discount [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	(42)
Construction and Land [Member] | Town Square Financial [Member] | Commercial Real Estate Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	1,611
Construction and Land [Member] | Town Square Financial [Member] | Contractual Amount [Member] | Commercial Real Estate Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	1,634
Construction and Land [Member] | Town Square Financial [Member] | Unaccreted Discount [Member] | Commercial Real Estate Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	(23)
Farm [Member] | Town Square Financial [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	5,771
Farm [Member] | Town Square Financial [Member] | Contractual Amount [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	5,892
Farm [Member] | Town Square Financial [Member] | Unaccreted Discount [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	(121)
Nonresidential [Member] | Town Square Financial [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	26,196
Nonresidential [Member] | Town Square Financial [Member] | Contractual Amount [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality		450
Nonresidential [Member] | Town Square Financial [Member] | Contractual Amount [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	27,136
Nonresidential [Member] | Town Square Financial [Member] | Unaccreted Discount [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	(940)
Commercial non-mortgage loans [Member] | Town Square Financial [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	9,595
Commercial non-mortgage loans [Member] | Town Square Financial [Member] | Contractual Amount [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	12,490
Commercial non-mortgage loans [Member] | Town Square Financial [Member] | Unaccreted Discount [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	(2,895)
Consumer Loans [Member] | Town Square Financial [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	4,309
Consumer Loans [Member] | Town Square Financial [Member] | Contractual Amount [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality		$ 841
Consumer Loans [Member] | Town Square Financial [Member] | Contractual Amount [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	4,378
Consumer Loans [Member] | Town Square Financial [Member] | Unaccreted Discount [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	$ (69)

LOANS (Schedule of Purchased Lo

LOANS (Schedule of Purchased Loans and Debt Securities Acquired with Deteriorated Credit Quality ) (Details) - Credit-impaired Purchased Loans [Member] - USD ($) $ in Thousands	Jun. 30, 2015	May. 31, 2015
Business Acquisition [Line Items]
Contractually-required principal and interest payments		$ 165
Non-Accretable difference		(64)
Accretable yield		6
Fair value of loans		$ 95
Town Square Financial [Member]
Business Acquisition [Line Items]
Contractually-required principal and interest payments	$ 7,686
Non-Accretable difference	(3,431)
Accretable yield	(482)
Fair value of loans	$ 3,773

LOANS (Narrative) (Details)

LOANS (Narrative) (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Financing Receivable, Recorded Investment [Line Items]
Impaired loans	$ 2,120,000	$ 0	$ 2,120,000	$ 0	$ 343,000
Non-accrual loans	4,025,000		$ 4,025,000		$ 3,353,000
Number of troubled debt restructurings			4		2
Troubled debt restructurings	332,000		$ 332,000		$ 218,000
Noninterest Income, Other Operating Income	2,000	5,000	47,000	8,000
Business Acquisition Purchase Price Allocation Impaired Loans	94,000		94,000
Payments to Acquire Loans Receivable			164,000
Loans Receivable with Fixed Rates of Interest	94,000		94,000
Credit-impaired Purchased Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Impaired loans	3,600,000	5,400,000	3,600,000	5,400,000
Noninterest Income, Other Operating Income	$ 38,000	$ 85,000	$ 149,000	$ 85,000

FEDERAL HOME LOAN BANK ADVANC46

FEDERAL HOME LOAN BANK ADVANCES (Schedule of Advances) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Federal Home Loan Bank, Advances, Maturities Summary, Fixed Rate [Abstract]
Maturities July 2015 through June 2025, fixed rate at rates from 0.17% to 6.70%, weighted average rate of 1.59% at June 30, 2015 and 1.55% at December 31, 2014	$ 14,948	$ 17,952

FEDERAL HOME LOAN BANK ADVANC47

FEDERAL HOME LOAN BANK ADVANCES (Schedule of Payments Contractually Required) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Payments contractually required over the next five years
2,016	$ 9,887
2,017	2,013
2,018	1,629
2,019	915
2,020	95
Thereafter	409
Total	$ 14,948	$ 17,952

FEDERAL HOME LOAN BANK ADVANC48

FEDERAL HOME LOAN BANK ADVANCES (Narrative) (Details)	Jun. 30, 2015	Dec. 31, 2014
Maturities dates, minimum	2,015
Maturities dates, maximum	2,025
Maturities fixed rates, minimum	0.17%
Maturities fixed rates, maximum	6.70%
Maturities weighted average rate	1.59%	1.55%

FAIR VALUE (Schedule of Assets

FAIR VALUE (Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	$ 67,862	$ 65,262
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	0	0
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	67,862	65,262
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	0	0
States and political subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	17,505	17,746
States and political subdivisions [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	0	0
States and political subdivisions [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	17,505	17,746
States and political subdivisions [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	0	0
U.S. Government agencies and sponsored entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	13,056	13,986
U.S. Government agencies and sponsored entities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	0	0
U.S. Government agencies and sponsored entities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	13,056	13,986
U.S. Government agencies and sponsored entities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	0	0
Mortgage backed securities residential [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	25,886	28,965
Mortgage backed securities residential [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	0	0
Mortgage backed securities residential [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	25,886	28,965
Mortgage backed securities residential [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	0	0
Collateralized Mortgage Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	7,544	4,565
Collateralized Mortgage Obligations [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	0	0
Collateralized Mortgage Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	7,544	4,565
Collateralized Mortgage Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	0	$ 0
SBA Loan Pools [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	3,871
SBA Loan Pools [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	0
SBA Loan Pools [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	3,871
SBA Loan Pools [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities	$ 0

FAIR VALUE (Schedule of Asset50

FAIR VALUE (Schedule of Assets Measured at Fair Value on a Non-recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
One to four family, net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans Fair Value Disclosure		$ 72
Commercial real estate, net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans Fair Value Disclosure	$ 573	115
Other Real Estate Owned Fair Value	115
Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans Fair Value Disclosure	44
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | One to four family, net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans Fair Value Disclosure		0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Commercial real estate, net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans Fair Value Disclosure	0	0
Other Real Estate Owned Fair Value	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans Fair Value Disclosure	0
Significant Other Observable Inputs (Level 2) [Member] | One to four family, net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans Fair Value Disclosure		0
Significant Other Observable Inputs (Level 2) [Member] | Commercial real estate, net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans Fair Value Disclosure	0	0
Other Real Estate Owned Fair Value	0
Significant Other Observable Inputs (Level 2) [Member] | Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans Fair Value Disclosure	0
Significant Unobservable Inputs (Level 3) [Member] | One to four family, net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans Fair Value Disclosure		72
Significant Unobservable Inputs (Level 3) [Member] | Commercial real estate, net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans Fair Value Disclosure	573	$ 115
Other Real Estate Owned Fair Value	115
Significant Unobservable Inputs (Level 3) [Member] | Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans Fair Value Disclosure	$ 44

FAIR VALUE (Schedule of Carryin

FAIR VALUE (Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Financial assets
Cash and cash equivalents	$ 15,812	$ 16,967
Securities	67,862	65,262
Restricted stock	0	0
Loans held for sale	0	712
Loans, net	333,361	316,493
Accrued interest receivable	1,366	1,347
Financial liabilities
Deposits	339,416	324,574
Federal Home Loan Bank advances	15,167	18,171
Subordinated debenture	2,729	2,697
Accrued interest payable	123	47
Carrying Value [Member]
Financial assets
Cash and cash equivalents	15,812	16,967
Securities	67,862	65,262
Restricted stock	3,276	2,921
Loans held for sale	0	712
Loans, net	317,487	302,012
Accrued interest receivable	1,366	1,347
Financial liabilities
Deposits	340,416	323,138
Federal Home Loan Bank advances	14,948	17,952
Subordinated debenture	2,729	2,697
Accrued interest payable	123	47
Fair Value Measurements (Level 1) [Member]
Financial assets
Cash and cash equivalents	15,812	16,967
Securities	0	0
Restricted stock	0	0
Loans held for sale	0	0
Loans, net	0	0
Accrued interest receivable	0	0
Financial liabilities
Deposits	182,104	159,384
Federal Home Loan Bank advances	6,000	9,000
Subordinated debenture	0	0
Accrued interest payable	0	0
Fair Value Measurements (Level 2) [Member]
Financial assets
Cash and cash equivalents	0	0
Securities	67,862	65,262
Restricted stock	0	0
Loans held for sale	0	712
Loans, net	0	0
Accrued interest receivable	313	293
Financial liabilities
Deposits	157,312	165,190
Federal Home Loan Bank advances	9,167	9,171
Subordinated debenture	2,729	2,697
Accrued interest payable	123	47
Fair Value Measurements (Level 3) [Member]
Financial assets
Cash and cash equivalents	0	0
Securities	0	0
Restricted stock	0	0
Loans held for sale	0	0
Loans, net	333,361	316,493
Accrued interest receivable	1,053	1,054
Financial liabilities
Deposits	0	0
Federal Home Loan Bank advances	0	0
Subordinated debenture	0	0
Accrued interest payable	$ 0	$ 0

FAIR VALUE (Narrative) (Details

FAIR VALUE (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Impaired Loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other real estate, carrying amount	$ 617,000	$ 0	$ 617,000	$ 0
Outstanding balance	642,000		642,000
Other real estate, valuation allowance	25,000		25,000
Other real estate, write-down	200,000	0	200,000	0
OREO Recorded [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other real estate, carrying amount	115,000	311,000	115,000	311,000	$ 187,000
Outstanding balance	167,000	454,000	167,000	454,000	244,000
Other real estate, valuation allowance	52,000	$ 143,000	52,000	143,000	$ 57,000
Other real estate, write-down	$ 0		$ 0	$ 54,000
Minimum [Member] | Bank management [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Appraisal values discounted to allow for selling expenses and fees			5.00%
Maximum [Member] | Bank management [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Appraisal values discounted to allow for selling expenses and fees			10.00%

ESOP PLAN (Schedule of Shares H

ESOP PLAN (Schedule of Shares Held by the ESOP) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Allocated to participants	43,457	29,967
Released, but unallocated	0	0
Unearned	225,952	239,442
Total ESOP shares	269,409	269,409
Fair value of unearned shares (in dollars)	$ 3,464	$ 3,561

ESOP PLAN (Narrative) (Details)

ESOP PLAN (Narrative) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Number of shares issued for ESOP	269,790
ESOP, price per share	$ 10
Contributions to the ESOP	$ 0	$ 0

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Basic
Net income	$ 1,716	$ 511	$ 2,302	$ 86
Less: Net income attributable to participating securities	32	18	49	3
Net income available to common shareholders	$ 1,684	$ 493	$ 2,253	$ 83
Weighted average common shares outstanding	3,842,894	3,897,688	3,845,905	3,664,046
Less: Average unallocated ESOP shares	(235,436)	(239,439)	(237,427)	(239,439)
Average participating shares	(72,248)	(106,273)	(81,865)	(120,505)
Weighted average common shares outstanding for basic earnings per common share	3,535,210	3,551,976	3,526,613	3,304,102
Basic earnings per common share (in dollars per share)	$ 0.48	$ 0.14	$ 0.64	$ 0.03
Diluted
Net income available to common shareholders	$ 1,684	$ 493	$ 2,253	$ 83
Weighted average common shares outstanding for basic earnings per common share	3,535,210	3,551,976	3,526,613	3,304,102
Add dilutive effects of potential additional common stock	0	0	0	0
Average shares and dilutive potential common shares	3,535,210	3,551,976	3,526,613	3,304,102
Earnings per common share assuming dilution (in dollars per share)	$ 0.48	$ 0.14	$ 0.64	$ 0.03

EARNINGS PER SHARE (Narrative)

EARNINGS PER SHARE (Narrative) (Details) - shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	295,000	320,000

STOCK BASED COMPENSATION (Sched

STOCK BASED COMPENSATION (Schedule of Stock Option Activity) (Details) - Jun. 30, 2015 - $ / shares	Total
Options
Options Outstanding - Beginning of period	299,500
Options Granted	5,000
Options Exercised	0
Options Forfeited	(5,000)
Options Outstanding - End of period	299,500
Options Fully vested and exercisable at end of period	121,000
Options Expected to vest in future periods	178,500
Weighted Average Exercise Price, Outstanding - Beginning of period	$ 14.94
Weighted Average Exercise Price, Granted	15.44
Weighted Average Exercise Price, Exercised	0
Weighted Average Exercise Price, Forfeited	14.86
Weighted Average Exercise Price, Outstanding - End of period	$ 14.95

STOCK BASED COMPENSATION (Sch58

STOCK BASED COMPENSATION (Schedule of Fair Value Assumptions) (Details) - 6 months ended Jun. 30, 2015 - $ / shares	Total
STOCK BASED COMPENSATION [Abstract]
Risk-free interest rate	1.86%
Expected dividend yield	1.55%
Expected stock volatility	12.94%
Expected life (years)	7 years
Weighted average fair value of options granted	$ 2.01

STOCK BASED COMPENSATION (Sch59

STOCK BASED COMPENSATION (Schedule of Non-Vested Restricted Stock Activity) (Details) - Restricted Stock [Member]	6 Months Ended
	Jun. 30, 2015shares
Balance - Beginning of period	100,624
Granted	0
Forfeited	(539)
Vested	(31,573)
Balance - End of period	68,512

STOCK BASED COMPENSATION (Narra

STOCK BASED COMPENSATION (Narrative) (Details) - USD ($)	1 Months Ended			3 Months Ended		6 Months Ended
	May. 31, 2015	Mar. 19, 2014	Apr. 16, 2013	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	May. 10, 2013	Jan. 08, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Incentive Plan, shares of common stock reserved for issuance										472,132
Options granted						5,000
Stock based compensation expense						$ 103,000	$ 95,000
Town Square Financial [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted		20,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Incentive Plan, shares of common stock reserved for issuance										134,895
Restricted stock granted						0
Unrecognized stock-based compensation expense				$ 1,100,000		$ 1,100,000		$ 1,300,000
Allocated Share-based Compensation Expense				101,000	$ 102,000	$ 201,000	204,000
Restricted Stock [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted			134,895
Restricted Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, period for recognition						4 years
Restricted Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, period for recognition						5 years
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Incentive Plan, shares of common stock reserved for issuance									300,000	337,237
Unrecognized stock-based compensation expense				325,000		$ 325,000		$ 386,000
Stock based compensation expense				$ 31,000			$ 61,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares						55,500
Allocated Share-based Compensation Expense					$ 32,000	$ 61,000
Employee Stock Option [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, period for recognition						4 years
Employee Stock Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, period for recognition						5 years
Employee Stock Option [Member] | Commonwealth Bank [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted	5,000

ACCUMULATED OTHER COMPREHENSI61

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 614	$ (351)	$ 460	$ (851)
Other comprehensive income (loss), net of tax before reclassification	(370)	705	(216)	1,205
Amounts reclassified from accumulated to other comprehensive income for gains on sale of securities, net of tax expense of $0, $100, $0 and $100 respectively.	0	(194)	0	(194)
Net current period other comprehensive income (loss)	(370)	511	(216)	1,011
Ending Balance	$ 244	$ 160	$ 244	$ 160

BUSINESS COMBINATION (Schedule

BUSINESS COMBINATION (Schedule of Assets Acquired and Liabilities Assumed) (Details) $ in Thousands	May. 31, 2015USD ($)
Fair value of assets acquired
Cash and due from banks	$ 2,355
Restricted stock	299
Loans	14,898
Premises and equipment, net	1,333
Accrued interest receivable	57
Prepaid expenses and other assets	17
Deferred federal income taxes	325
Core deposit intangible	227
Total assets acquired	19,511
Fair value of liabilities assumed
Deposits	15,403
FHLB advances	2,316
Accrued interest payable	22
Other liabilities	215
Total liabilities assumed	$ 17,956

BUSINESS COMBINATION (Schedul63

BUSINESS COMBINATION (Schedule of Loans with and without Evidence of Credit Quality Deterioration) (Details) - Segments [Domain] - USD ($) $ in Thousands	Jun. 30, 2015	May. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	$ 3,773		$ 4,082
Non-impaired Purchased Loans [Member] | Town Square Financial [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	91,422	$ 14,803	89,164
Non-impaired Purchased Loans [Member] | One to Four Family [Member] | Town Square Financial [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	43,704	13,663	36,256
Non-impaired Purchased Loans [Member] | Real Estate Multi-Family [Member] | Town Square Financial [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	2,775		3,237
Non-impaired Purchased Loans [Member] | Nonresidential and land [Member] | Town Square Financial [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	24,396	438	25,545
Non-impaired Purchased Loans [Member] | Consumer Loans [Member] | Town Square Financial [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	4,280	702	4,363
Credit-impaired Purchased Loans [Member] | Town Square Financial [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	3,773	95	4,082
Credit-impaired Purchased Loans [Member] | One to Four Family [Member] | Town Square Financial [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	1,233	72	1,300
Credit-impaired Purchased Loans [Member] | Real Estate Multi-Family [Member] | Town Square Financial [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	0		0
Credit-impaired Purchased Loans [Member] | Nonresidential and land [Member] | Town Square Financial [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	1,800	0	1,970
Credit-impaired Purchased Loans [Member] | Consumer Loans [Member] | Town Square Financial [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	$ 30	$ 23	$ 10

BUSINESS COMBINATION (Schedul64

BUSINESS COMBINATION (Schedule of Composition of Acquired Loans) (Details) - Segments [Domain] - USD ($) $ in Thousands	Jun. 30, 2015	May. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality	$ 3,773		$ 4,082
Town Square Financial [Member] | Contractual Amount [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality		$ 15,183
Town Square Financial [Member] | Fair Value Adjustments [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality		(285)
Town Square Financial [Member] | Fair Value [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality		14,898
One to Four Family [Member] | Town Square Financial [Member] | Contractual Amount [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality		13,892
One to Four Family [Member] | Town Square Financial [Member] | Fair Value Adjustments [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality		(266)
One to Four Family [Member] | Town Square Financial [Member] | Fair Value [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality		13,626
Nonresidential and land [Member] | Town Square Financial [Member] | Contractual Amount [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality		450
Nonresidential and land [Member] | Town Square Financial [Member] | Fair Value Adjustments [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality		(12)
Nonresidential and land [Member] | Town Square Financial [Member] | Fair Value [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality		438
Consumer Loans [Member] | Town Square Financial [Member] | Contractual Amount [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality		841
Consumer Loans [Member] | Town Square Financial [Member] | Fair Value Adjustments [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality		(7)
Consumer Loans [Member] | Town Square Financial [Member] | Fair Value [Member]
Business Acquisition [Line Items]
Financing Receivable, Acquired with Deteriorated Credit Quality		$ 834

BUSINESS COMBINATION (Schedul65

BUSINESS COMBINATION (Schedule of Purchased Loans and Debt Securities Acquired with Deteriorated Credit Quality) (Details) - Business Acquisition, Acquiree [Domain] - Credit-impaired Purchased Loans [Member] $ in Thousands	May. 31, 2015USD ($)
Business Acquisition [Line Items]
Contractually-required principal and interest payments	$ 165
Non-Accretable difference	(64)
Accretable yield	(6)
Fair value of loans	$ 95

BUSINESS COMBINATION (Schedul66

BUSINESS COMBINATION (Schedule of Pro Forma Results) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Business Acquisition [Line Items]
Net Interest Income	$ 4,122	$ 4,473	$ 8,343	$ 7,300
Net Income before tax	2,172	728	3,015	(530)
Income tax expense	230	227	573	(140)
Net Income	$ 1,942	$ 501	$ 2,442	$ (390)
Basic earnings per share	$ 0.52	$ 0.13	$ 0.65	$ 0.11
Diluted earnings per share	$ 0.52	$ 0.13	$ 0.65	$ 0.11

BUSINESS COMBINATION (Narrative

BUSINESS COMBINATION (Narrative) (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	May. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Business Acquisition [Line Items]
Common Stock, Shares, Outstanding		3,952,944		3,952,944		3,876,455
Commonwealth Bank [Member]
Business Acquisition [Line Items]
Business Combinati on Recognized Non Accretable Difference	$ 64,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	166,221
Business Acquisition, Share Price	$ 12.73
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	$ 2,100,000
Common Stock, Shares, Outstanding	3,952,944
Business Acquisition, Transaction Costs		$ 617,000		$ 617,000
Business Combination, Bargain Purchase, Gain Recognized, Amount	$ 1,600,000
Certain Loans Acquired In Transfer Accounted For As Debt Securities Acquired During Period With Out Credit Quality Deterioration	14,600,000
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value	$ 95,000
Business Combination, Acquisition Related Costs		634,000	$ 789,000	65,000	$ 74,000
Business Acquisition Merger Agreement Description	15% discount on the 30 day average price as prescribed in the merger agreement
Commonwealth Bank [Member] | Termination Fees [Member]
Business Acquisition [Line Items]
Business Acquisition, Transaction Costs		418,000		418,000
Commonwealth Bank [Member] | Professional Fee [Member]
Business Acquisition [Line Items]
Business Acquisition, Transaction Costs		$ 199,000		$ 199,000

Uncategorized Items - pbsk-2015

Label	Element	Value
Gain (Loss) on Sale of Mortgage Loans	us-gaap_GainLossOnSaleOfMortgageLoans	$ 126
Gain (Loss) on Sale of Mortgage Loans	us-gaap_GainLossOnSaleOfMortgageLoans	257
Amortization of Intangible Assets	us-gaap_AmortizationOfIntangibleAssets	74
Amortization of Intangible Assets	us-gaap_AmortizationOfIntangibleAssets	80
Gain (Loss) on Investments, Total	us-gaap_GainLossOnInvestments	0
Gain (Loss) on Investments, Total	us-gaap_GainLossOnInvestments	294
Extraordinary Item, Gain (Loss), Gross, Total	us-gaap_ExtraordinaryItemsGross	0
Extraordinary Item, Gain (Loss), Gross, Total	us-gaap_ExtraordinaryItemsGross	$ 1,555