ASB Bancorp (ASBB) 10-Q 8 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 31, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	ASB Bancorp Inc
Entity Central Index Key	1,520,300
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		3,787,322
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	[1]
Assets
Cash and due from banks	$ 10,410	$ 9,563
Interest-earning deposits with banks	41,151	23,838
Total cash and cash equivalents	51,561	33,401
Securities available for sale (amortized cost of $104,544 at June 30, 2016 and $137,137 at December 31, 2015)	107,134	137,555
Securities held to maturity (estimated fair value of $4,041 at June 30, 2016 and $4,086 at December 31, 2015)	3,735	3,809
Investment in Federal Home Loan Bank stock, at cost	2,829	2,807
Loans held for sale	4,323	7,018
Loans receivable (net of deferred loan fees of $396 at June 30, 2016 and $476 at December 31, 2015)	606,212	576,087
Allowance for loan losses	(6,583)	(6,289)
Loans receivable, net	599,629	569,798
Premises and equipment, net	11,476	11,616
Foreclosed real estate	4,793	5,646
Deferred income tax assets, net	4,030	4,716
Bank owned life insurance	10,010	0
Other assets	6,048	6,487
Total assets	805,568	782,853
Liabilities
Noninterest-bearing deposits	127,945	113,745
Interest-bearing deposits	512,740	517,159
Total deposits	640,685	630,904
Overnight and short-term borrowings	450	327
Federal Home Loan Bank advances	50,000	50,000
Securities purchased but not settled	6,456	0
Accounts payable and other liabilities	13,070	11,940
Total liabilities	710,661	693,171
Shareholders' Equity
Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued	0	0
Common stock, $0.01 par value; 60,000,000 shares authorized; 3,987,322 shares issued at June 30, 2016 and 3,985,475 shares issued at December 31, 2015	40	40
Additional paid-in capital	24,303	24,056
Retained earnings	78,905	76,088
Accumulated other comprehensive loss, net of tax	(3,685)	(5,061)
Unearned Employee Stock Ownership Plan (ESOP) shares	(2,982)	(3,138)
Unearned equity incentive plan shares	(1,311)	(1,960)
Stock-based deferral plan shares	(363)	(343)
Total shareholders' equity	94,907	89,682
Total liabilities and shareholders' equity	$ 805,568	$ 782,853
[1]	Derived from audited consolidated financial statements.

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	[1]
Assets
Amortized cost of securities available for sale	$ 104,544	$ 137,137
Estimated fair value of securities held to maturity	4,041	4,086
Deferred loan fees on loans receivable	$ 396	$ 476
Shareholders' Equity
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	60,000,000	60,000,000
Common stock, shares issued (in shares)	3,987,322	3,985,475
[1]	Derived from audited consolidated financial statements.

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest and dividend income
Loans, including fees	$ 6,120	$ 5,664	$ 12,143	$ 11,185
Securities	560	557	1,148	1,125
Other earning assets	75	68	141	133
Total interest and dividend income	6,755	6,289	13,432	12,443
Interest expense
Deposits	362	390	716	767
Overnight and short-term borrowings	2	0	2	0
Federal Home Loan Bank advances	490	490	980	974
Total interest expense	854	880	1,698	1,741
Net interest income	5,901	5,409	11,734	10,702
Provision for loan losses	104	65	503	259
Net interest income after provision for loan losses	5,797	5,344	11,231	10,443
Noninterest income
Mortgage banking income	396	498	709	853
Deposit and other service charge income	734	618	1,397	1,201
Income from debit card services	472	462	907	882
Gain on sale of investment securities, net	716	143	1,172	199
Other noninterest income	158	247	340	443
Total noninterest income	2,476	1,968	4,525	3,578
Noninterest expenses
Salaries and employee benefits	3,271	3,344	6,584	6,688
Occupancy expense, net	438	444	872	912
Foreclosed property expenses	64	54	107	120
Data processing fees	648	623	1,315	1,200
Federal deposit insurance premiums	90	124	203	249
Advertising	131	146	233	260
Professional and outside services	223	276	543	476
Other noninterest expenses	772	999	1,541	1,877
Total noninterest expenses	5,637	6,010	11,398	11,782
Income before income tax provision	2,636	1,302	4,358	2,239
Income tax provision	940	437	1,541	752
Net income	$ 1,696	$ 865	$ 2,817	$ 1,487
Net income per common share - Basic (in dollars per share)	$ 0.47	$ 0.22	$ 0.78	$ 0.38
Net income per common share - Diluted (in dollars per share)	$ 0.45	$ 0.21	$ 0.75	$ 0.37

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Comprehensive Income (Loss)
Net income	$ 1,696	$ 865	$ 2,817	$ 1,487
Unrealized holding gains (losses) on securities available for sale:
Reclassification of securities gains recognized in net income	(716)	(143)	(1,172)	(199)
Deferred income tax benefit	262	53	429	74
Gains (losses) arising during the period	1,837	(1,673)	3,344	(806)
Deferred income tax benefit (expense)	(673)	625	(1,225)	300
Unrealized holding gains (losses) adjustment, net of tax	710	(1,138)	1,376	(631)
Defined Benefit Pension Plans:
Net periodic pension cost	(174)	(194)	(347)	(389)
Net pension gain	174	194	347	389
Total other comprehensive income (loss)	710	(1,138)	1,376	(631)
Comprehensive income (loss)	$ 2,406	$ (273)	$ 4,193	$ 856

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss), Net of Tax [Member]	Unearned ESOP Shares [Member]	Unearned Equity Incentive Plan Shares [Member]	Stock-Based Deferral Plan Shares [Member]	Total
Beginning balance at Dec. 31, 2014				$ (5,802)
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Net income								$ 1,487
Other comprehensive income								(631)
Ending balance at Jun. 30, 2015				(6,433)
Beginning balance at Mar. 31, 2015				(5,295)
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Net income								865
Other comprehensive income								(1,138)
Ending balance at Jun. 30, 2015				(6,433)
Beginning balance at Dec. 31, 2015	$ 40	$ 24,056	$ 76,088	(5,061)	$ (3,138)	$ (1,960)	$ (343)	89,682	[1]
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Repurchase of common stock		(79)						(79)
Issuance of common stock		79						79
Net income			2,817					2,817
Other comprehensive income				1,376				1,376
ESOP shares allocated		231			156			387
Stock-based compensation expense		665						665
Vesting of restricted stock		(649)				649
Stock-based deferral plan shares purchased							(20)	(20)
Ending balance at Jun. 30, 2016	40	24,303	78,905	(3,685)	(2,982)	(1,311)	(363)	94,907
Beginning balance at Mar. 31, 2016				(4,395)
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Net income								1,696
Other comprehensive income								710
Ending balance at Jun. 30, 2016	$ 40	$ 24,303	$ 78,905	$ (3,685)	$ (2,982)	$ (1,311)	$ (363)	$ 94,907
[1]	Derived from audited consolidated financial statements.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016		Jun. 30, 2015
Operating Activities
Net income	$ 2,817		$ 1,487
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	503		259
Provision for losses on foreclosed properties	18		0
Depreciation	391		421
Gain on sale of fixed and other assets	0		(20)
Loss on sale of foreclosed real estate	0		1
Increase in cash surrender value of bank owned life insurance	(10)		0
Deferred income tax expense (benefit)	(110)		451
Net amortization of premiums on securities	1,112		1,323
Gain on sale of investment securities	(1,172)		(199)
Net amortization (accretion) of deferred fees on loans	52		(46)
Mortgage loans originated for sale	(25,196)		(39,686)
Proceeds from sale of mortgage loans	28,600		37,584
Gain on sale of mortgage loans	(709)		(853)
ESOP compensation expense	387		323
Stock-based compensation expense	529		528
Excess tax benefits from equity awards	(136)		(59)
Decrease in income tax receivable	209		300
Decrease in interest receivable	340		13
Net change in other assets and liabilities	1,156		1,460
Net cash provided by operating activities	8,781		3,287
Investing Activities
Purchases of securities available for sale	(16,833)		(52,209)
Proceeds from sales of securities available for sale	50,150		50,624
Principal repayments on mortgage-backed and asset-backed securities	5,866		6,205
Redemption (purchase) of FHLB stock	(22)		95
Net increase in loans receivable	(30,391)		(32,029)
Net proceeds from sales of foreclosed real estate	840		244
Purchases of premises and equipment	(251)		(312)
Net proceeds from sales of fixed and other assets	0		20
Purchases of bank owned life insurance	(10,000)		0
Net cash used in investing activities	(641)		(27,362)
Financing Activities
Net increase in deposits	9,781		20,584
Net proceeds from (repayments of) overnight and short-term borrowings	123		(436)
Stock-based deferral plan shares purchased	(20)		0
Proceeds from the exercise of stock options	79		0
Excess tax benefits from equity awards	136		59
Common stock repurchased	(79)		0
Net cash provided by financing activities	10,020		20,207
Net increase (decrease) in cash and cash equivalents	18,160		(3,868)
Cash and cash equivalents at beginning of period	33,401	[1]	56,858
Cash and cash equivalents at end of period	51,561		52,990
Cash paid for:
Interest on deposits, advances and other borrowings	1,697		1,754
Income taxes	1,240		0
Non-cash investing and financing transactions:
Transfers from loans to foreclosed real estate	5		812
Net unsettled security purchases	6,456		0
Increase (decrease) in unrealized gains and losses on securities available for sale	3,344		(806)
Increase (decrease) in deferred income taxes resulting from other comprehensive income	$ (796)		$ 374
[1]	Derived from audited consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES These interim financial statements do not contain all necessary disclosures required by accounting principles generally accepted in the United States of America (“GAAP”) for a complete set of financial statements and, therefore, should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Annual Report on Form 10-K of ASB Bancorp, Inc. for the year ended December 31, 2015 filed with the Securities and Exchange Commission (the “SEC”) on March 14, 2016. These financial statements were prepared on a basis consistent with the audited consolidated financial statements previously referenced and include all normal and recurring adjustments that management believes are necessary in order to conform to GAAP. The results for the three and six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 or any other future period. Organization The Bank is headquartered in Asheville, North Carolina and provides mortgage, consumer and commercial banking services primarily in Buncombe, Henderson, McDowell, Transylvania, and Madison counties in North Carolina and in Mecklenburg County, North Carolina through loan originators. The Bank is regulated by the Office of the North Carolina Commissioner of Banks (“NCCoB”) and the Federal Deposit Insurance Corporation (“FDIC”). The Parent is regulated by the Board of Governors of the Federal Reserve System (the “FRB”) and the NCCoB. Principles of Consolidation – The consolidated financial statements include the accounts of the Parent and its wholly owned subsidiary, the Bank (collectively, the “Company”). The Bank has two wholly-owned subsidiaries, Appalachian Financial Services, Inc., which has on occasion managed the Bank’s real estate acquired through debt default but is currently inactive, and Wenoca, Inc., which serves as the Bank’s trustee regarding deeds of trust. Both subsidiaries are organized as North Carolina corporations. For purposes of the consolidated financial statements, all significant intercompany accounts and transactions have been eliminated. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America. Use of Estimates – 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 at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Investment Securities – Realized gains and losses on sales of investment securities are recognized at the time of sale (“trade date”) based upon the specific identification method. Interest income includes amortization of purchase premiums and discounts. Realized gains and losses are derived from the amortized cost of the security sold. Declines in the fair value of held to maturity and available for sale debt securities below their cost that are deemed to be other than temporary because of credit risk impairment are reflected in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers, among other factors, (i) the length of time and the extent to which the fair value has been less than cost, (ii) the financial condition and near-term prospects of the issuer, (iii) the intent of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value, and (iv) whether it is more likely than not that the Company will be required to sell the investment prior to a recovery. Loans – Loans that management has the intent and ability to hold for the foreseeable future are reported at their outstanding principal balances net of any unearned income, charge-offs, unamortized fees and costs on originated loans. The net amount of nonrefundable loan origination fees and certain direct costs associated with the lending processes are deferred and amortized to interest income over the contractual lives of the loans. Loan Segments and Classes The Bank’s portfolio segments and classes within those segments are subject to risks that could have an adverse impact on the credit quality of the loan portfolio. Management has identified the risks described below as significant risks that are generally similar among the loan segments and classes. Commercial Loan Segment The Bank’s commercial loans are centrally underwritten based primarily on the customer’s ability to generate the required cash flow to service the debt in accordance with the contractual terms and conditions of the loan agreement. The Bank’s commercial lenders and underwriters work to understand the borrower’s businesses and management experiences. The majority of the Bank’s commercial loans are secured by collateral, so collateral values are important to the transaction. In commercial loan transactions where the principals or other parties provide personal guarantees, the Bank’s commercial lenders and underwriters analyze the relative financial strength and liquidity of each guarantor. Risks that are common to the Bank’s commercial loan classes include general economic conditions, demand for the borrowers’ products and services, the personal circumstances of the principals, and reductions in collateral values. In addition to these common risks for the Bank’s commercial loans, the various commercial loan classes also have certain risks specific to them. Commercial Construction and Land Development loans are highly dependent on the supply and demand for commercial real estate in the Bank’s markets as well as the demand for the newly constructed residential homes and lots being developed by the Bank’s commercial loan borrowers. Prolonged deterioration in demand could result in significant decreases in the underlying collateral values and make repayment of the outstanding loans more difficult for the Bank’s commercial borrowers. Commercial Mortgage and Commercial and Industrial loans are primarily dependent on the ability of the Bank’s commercial loan customers to achieve business results consistent with those projected at loan origination resulting in cash flow sufficient to service the debt. To the extent that a borrower’s actual business results significantly underperform the original projections, the ability of that borrower to service the Bank’s loan on a basis consistent with the contractual terms may be at risk. While these loans and leases are generally secured by real property, personal property, or business assets such as inventory or accounts receivable, it is possible that the liquidation of the collateral will not fully satisfy the obligation. Non-Commercial Loan Segment The Bank underwrites its non-commercial loans using automated credit scoring and analysis tools. These credit scoring tools take into account factors such as payment history, credit utilization, length of credit history, types of credit currently in use, and recent credit inquiries. To the extent that the loan is secured by collateral, the value of the collateral is also evaluated. Common risks to each class of non-commercial loans include general economic conditions within the Bank’s markets, such as unemployment and potential declines in collateral values, and the personal circumstances of the borrowers. In addition to these common risks for the Bank’s non-commercial loans, various non-commercial loan classes may also have certain risks specific to them. Residential Mortgage and Non-Commercial Construction and Land Development Revolving Mortgage loans are often secured by second liens on residential real estate, thereby making such loans particularly susceptible to declining collateral values. A substantial decline in collateral value could render the Bank’s second lien position to be effectively unsecured. Additional risks include lien perfection inaccuracies and disputes with first lien holders that may further weaken collateral positions. Further, the open-end structure of these loans creates the risk that customers may draw on the lines in excess of the collateral value if there have been significant declines since origination. Consumer Credit Quality Indicators Loans are monitored for credit quality on a recurring basis and the composition of the loans outstanding by credit quality indicator is provided below. Loan credit quality indicators are developed through review of individual borrowers on an ongoing basis, although certain non-commercial loans, including residential mortgage, revolving mortgage and consumer loans, are evaluated upon origination and are reevaluated upon a change in delinquency status. Most commercial loans are evaluated at least annually with more frequent evaluation of more severely criticized loans or leases. The indicators represent the rating for loans as of the date presented based on the most recent assessment performed. These credit quality indicators are defined as follows: Pass Special Mention Substandard Doubtful Loss Allowance for Loan Losses Management determines the allowance for loan losses based on periodic evaluations that are inherently subjective and require substantial judgment because the evaluations require the use of material estimates that are susceptible to significant change. The Bank generally uses two allowance methodologies that are primarily based on management’s determination as to whether or not a loan is considered to be impaired. Commercial loans, as well as non-commercial loans that are classified as substandard and secured by real estate, are evaluated for impairment on a loan-by-loan basis and are considered impaired when it is probable, based on current information, that the borrower will be unable to pay contractual interest or principal as required by the loan agreement. Loans that experience insignificant payment delays and payment shortfalls are not necessarily considered impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment history, and the amount of the shortfall relative to the principal and interest owed. Loans that are deemed to be troubled debt restructurings, which are discussed below, are also included as impaired loans. Impaired loans are measured at their estimated fair value based on either the value of the loan’s expected future cash flows discounted at the loan’s effective interest rate or on the collateral value, net of the estimated costs of disposal, if the loan is collateral dependent. For loans considered impaired, an individual allowance for loan losses is recorded when the loan principal balance exceeds the estimated fair value. For loans not considered impaired, management determines the allowance for loan losses based on estimated loss percentages that are determined by and applied to the various classes of loans that comprise the segments of the Bank’s loan portfolio. The estimated loss percentages by loan class are based on a number of factors that include by class (i) average historical losses over the past three years, (ii) levels and trends in delinquencies, impairments, and net charge-offs, (iii) trends in the volume and direction of loan balances within that class, terms, and concentrations, (iv) trends in interest rates, (v) effects of changes in the Bank’s risk tolerance, underwriting standards, lending policies, procedures, and practices, and (vi) national and local business and economic conditions. Methodology change Future material adjustments to the allowance for loan losses may be necessary due to improving or deteriorating economic conditions, delinquencies, charge-off levels or declining collateral values. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Bank’s allowance for loan losses and may require the Bank to make adjustments to the allowance for loan losses based upon judgments that differ significantly from those of management. Nonperforming Assets Loans Past Due 90 Days or More, Nonaccruing, Impaired, or Restructured A troubled debt restructuring (“TDR”) occurs when a borrower is experiencing financial difficulty and the Bank grants a concession it would not otherwise consider to provide the borrower relief from one or more of the contractual loan conditions. Concessions that the Bank might consider include the allowance of interest-only payments on more than a temporary basis, the reduction of interest rates, the extension of the loan term, the forgiveness of principal, or a combination of these. The Bank might require additional collateral or additional guarantors as conditions to modifying loans as TDRs. The Bank might consider modifying both accruing or nonaccruing loans as TDRs. When a modification includes a reduction of principal that resulted from a partial charge-off of the loan, the Bank typically accounts for the TDR as a nonaccruing loan. The Bank classifies TDRs as impaired loans and evaluates the need for an allowance for loan loss on a loan-by-loan basis consistent with its evaluation of impaired loans that have not been modified as TDRs. An allowance is based on either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's observable market price or the estimated fair value of the underlying collateral less any selling costs, if the loan is deemed to be collateral dependent. The Bank’s policy for recognition of interest income on loans considered to be impaired, including restructured loans, is the same as its interest income recognition policy for loans not considered to be impaired. Loan Charge-Offs Charge-offs of loans in the commercial loan segment are recognized when the uncollectibility of the loan balance and the inability to recover sufficient value from the sale of any collateral securing the loan is confirmed. The uncollectibility of the loan balance is evidenced by the inability of the commercial borrower to generate cash flows sufficient to repay the loan as agreed causing the loan to become delinquent. For collateral dependent commercial loans, the Bank determines the fair value of the collateral based on appraisals, current market conditions, and estimated costs to sell the collateral. For collateral dependent commercial loans where the loan balance, including any accrued interest, net deferred fees or costs, and unamortized premiums or discounts, exceeds the fair value of the collateral securing the loan, the deficiency is identified as unrecoverable, is deemed to be a confirmed loss, and is charged off. Charge-offs of loans in the non-commercial loan segment are generally confirmed and recognized in a manner similar to loans in the commercial loan segment. Secured non-commercial loans that are identified as uncollectible and are deemed to be collateral dependent are confirmed as loss to the extent the fair value of the collateral is insufficient to recover the loan balance. Closed-end consumer loans that become 120 cumulative days past due and open-end consumer loans that become 180 cumulative days past due are charged off to the extent that the fair value of any collateral, less estimated costs to sell the collateral, is insufficient to recover the loan balance. Closed-end and open-end loans secured by residential real estate that become 180 days past due are charged off to the extent that the fair value of the residential real estate securing the loan, less estimated costs to sell the collateral, is insufficient to recover the loan balance. Loans determined to be fraudulent are charged off within 90 days of discovery. Loans to borrowers in bankruptcy are subject to modification by the bankruptcy court and are charged off to the extent that the fair value of any collateral securing the loan, less estimated costs to sell the collateral, is insufficient to recover the loan balance, unless the Bank expects repayment is likely to occur. Such loans are charged off within 60 days of the receipt of notification from a bankruptcy court or when the loans become 120 days past due, whichever is shorter. Foreclosed Real Estate Comprehensive Income The changes in the components of the Company’s accumulated other comprehensive loss, net of income taxes, are presented as follows: (Dollars in thousands) Beginning Balance OCI Before Reclassification Amount Reclassified Net OCI Ending Balance Three Months Ended June 30, 2016 Unrealized gain on securities $ 931 $ 1,164 $ (454 ) $ 710 $ 1,641 Benefit plan liability (5,326 ) (110 ) 110 - (5,326 ) Accumulated other comprehensive income (loss), net of tax $ (4,395 ) $ 1,054 $ (344 ) $ 710 $ (3,685 ) Three Months Ended June 30, 2015 Unrealized gain (loss) on securities $ 631 $ (1,048 ) $ (90 ) $ (1,138 ) $ (507 ) Benefit plan liability (5,926 ) (122 ) 122 - (5,926 ) Accumulated other comprehensive income (loss), net of tax $ (5,295 ) $ (1,170 ) $ 32 $ (1,138 ) $ (6,433 ) Six Months Ended June 30, 2016 Unrealized gain on securities $ 265 $ 2,119 $ (743 ) $ 1,376 $ 1,641 Benefit plan liability (5,326 ) (220 ) 220 - (5,326 ) Accumulated other comprehensive income (loss), net of tax $ (5,061 ) $ 1,899 $ (523 ) $ 1,376 $ (3,685 ) Six Months Ended June 30, 2015 Unrealized gain (loss) on securities $ 124 $ (506 ) $ (125 ) $ (631 ) $ (507 ) Benefit plan liability (5,926 ) (244 ) 244 - (5,926 ) Accumulated other comprehensive income (loss), net of tax $ (5,802 ) $ (750 ) $ 119 $ (631 ) $ (6,433 ) The Company’s reclassifications out of accumulated other comprehensive income are as follows: Details About Accumulated Other Comprehensive Income Components Amount Reclassified From Accumulated Other Comprehensive Income Affected Line Item In The Statement Where Net Income Is Presented (Dollars in thousands) Three Months Ended June 30, 2016 Three Months Ended June 30, 2015 Reclassification of securities gains recognized in net income $ (716 ) $ (143 ) Gain on sale of investment securities Deferred income tax expense 262 53 Income tax provision Total reclassifications for the period $ (454 ) $ (90 ) Net of tax Net periodic pension benefit $ 174 $ 194 Salaries and employee benefits Deferred income tax expense (64 ) (72 ) Income tax provision Total reclassifications for the period $ 110 $ 122 Net of tax (Dollars in thousands) Six Months Ended June 30, 2016 Six Months Ended June 30, 2015 Reclassification of securities gains recognized in net income $ (1,172 ) $ (199 ) Gain on sale of investment securities Deferred income tax expense 429 74 Income tax provision Total reclassifications for the period $ (743 ) $ (125 ) Net of tax Net periodic pension benefit $ 347 $ 389 Salaries and employee benefits Deferred income tax expense (127 ) (145 ) Income tax provision Total reclassifications for the period $ 220 $ 244 Net of tax Income Taxes – The establishment of provisions for federal and state income taxes is a complex area of accounting that involves the use of significant judgments and estimates in applying relevant tax statutes. The Company is subject to audit by federal and state tax authorities, the results of which may produce tax liabilities that differ from the Company’s tax estimates and provisions. The Company continually evaluates its exposure to possible tax assessments arising from audits and it records its estimate of possible exposure based on current facts and circumstances. The Parent and the Bank have entered into a formal agreement that will allow them, if so elected, to file consolidated federal and state income tax returns, where permitted, and each to pay its respective share of income taxes due. Deferred tax assets and liabilities are recognized for the tax effects of differing carrying values of assets and liabilities for tax and financial statement purposes that will reverse in future periods. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. When uncertainty exists concerning the recoverability of a deferred tax asset, the carrying value of the asset may be reduced by a valuation allowance. The amount of any valuation allowance established is based upon an estimate of the deferred tax asset that is more likely than not to be recovered. Increases or decreases in the valuation allowance result in increases or decreases to the provision for income taxes. The Bank includes interest and penalties related to income tax liabilities in noninterest expense. The Bank’s tax filings for the years 2012 and thereafter are currently open to audit under statutes of limitations by the Internal Revenue Service and the North Carolina Department of Revenue. Pension Plan Employee Stock Ownership Plan (“ESOP”) – In connection with the mutual-to-stock conversion on October 11, 2011, the Bank established an ESOP for the benefit of all of its eligible employees. Full-time employees of the Bank who have been credited with at least 1,000 hours of service during a twelve-month period and who have attained age 21 are eligible to participate in the ESOP. Shares allocated under the ESOP vest at the rate of 20% per year of service beginning with the completion of two years of service and fully vest upon the completion of six years of service. The Bank anticipates it will make contributions to the ESOP in amounts necessary to amortize the ESOP loan payable to the Parent over a period of 15 years in accordance with the terms of the loan. Unallocated ESOP shares are not considered outstanding (including for the calculation of net income per common share as discussed below) and are shown as a reduction of shareholders’ equity. Dividends on unallocated ESOP shares, if paid, are considered to be compensation expense. The Company recognizes compensation cost equal to the fair value of the ESOP shares during the periods in which they are committed to be released. The fair value of the annual share allocations is recorded on a monthly basis with fair value determined by calculating the average closing stock price for each day during the month. To the extent that the fair value of the Company’s ESOP shares differs from the cost of such shares, the difference is recognized in shareholders’ equity. The Company recognizes a tax deduction equal to the cost of the shares released. Because the ESOP is internally leveraged through a loan from the Parent to the ESOP, the loan receivable by the Parent from the ESOP is not reported as an asset nor is the debt of the ESOP shown as a liability in the consolidated financial statements. Equity Incentive Plan Net Income Per Common Share – Where presented, basic net income per common share is the Company’s net income available to common shareholders, which represents net income less dividends paid or payable to preferred stock shareholders, if any, divided by the weighted average number of common shares outstanding during the period. In calculating the weighted average number of common shares outstanding, shares held by the ESOP are not considered to be outstanding until they are committed to be released for allocation. Also, the weighted average of unvested restricted shares are not considered outstanding until the shares vest. For diluted income per common share, net income available to common shareholders is divided by the weighted average number of common shares issued and outstanding for each period plus amounts representing the dilutive effect of stock options and restricted stock, as well as any adjustment to income that would result from the assumed issuance. The effects of restricted stock and stock options are excluded from the computation of diluted income per common share in periods in which the effect would be antidilutive. Potential common shares that might be issued by the Company relate solely to outstanding stock options and restricted stock and are determined using the treasury stock method. Net income per common share has been computed based on the following: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands, except per share data) 2016 2015 2016 2015 Numerator: Net income $ 1,696 $ 865 $ 2,817 $ 1,487 Denominator: Weighted average common shares outstanding 3,985,922 4,378,411 3,985,698 4,378,411 Less: Weighted average unvested restricted shares (81,313 ) (121,610 ) (89,229 ) (129,565 ) Less: Weighted average unallocated ESOP shares (302,160 ) (333,602 ) (306,062 ) (337,471 ) Weighted average common shares used to compute net income per common share – Basic 3,602,449 3,923,199 3,590,407 3,911,375 Add: Effect of dilutive securities 140,009 90,133 140,909 83,715 Weighted average common shares used to compute net income per common share – Diluted 3,742,458 4,013,332 3,731,316 3,995,090 Net income per common share – Basic $ 0.47 $ 0.22 $ 0.78 $ 0.38 Net income per common share – Diluted $ 0.45 $ 0.21 $ 0.75 $ 0.37 For the three and six months ended June 30, 2016, no restricted shares and no stock options were excluded from the computation of net income per share because their effect would be anti-dilutive. For the three and six months ended June 30, 2015, no restricted shares were excluded from the computation of net income per share because their effect would be anti-dilutive. For the three and six months ended June 30, 2015, options to purchase 5,393 shares of common stock were excluded from the computation of net income per share because their effect would be anti-dilutive. Reclassifications – Certain reclassifications have been made to the financial statements of the prior periods presented to conform to the current period presentation. The reclassifications had no effect on net income, net income per common share, or shareholders’ equity as previously reported. Recent Accounting Pronouncements Accounting Standards Update ASU 2016-01 – In January 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, which amends the guidance on the classification and measurement of financial instruments and also amends certain disclosure requirement associated with the fair value of those instruments. For public entities, the amendments in ASU 2016-01 are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The Company is currently evaluating this guidance to determine the impact on the Company's consolidated financial statements. Accounting Standards Update ASU 2016-02 – In February 2016, the FASB issued ASU 2016-02, Leases. ASU 2016-02 introduces a new lease model that refines the evaluation for lease accounting and addresses other concerns related to the current leases model. For public entities, the new standard is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018. The Company is currently evaluating this guidance to determine the impact on the Company's consolidated financial statements. Accounting Standards Update ASU 2016-09 – In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting , which simplifies several aspects of the accounting for employee share-based payments, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. For public entities, ASU 2016-09 is effective for annual reporting periods, including interim periods within those annual reporting periods, beginning after December 15, 2016. The Company is currently evaluating this guidance to determine the impact on the Company's consolidated financial statements. Accounting Standards Update ASU 2016-13 – In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments (Topic 326), which improves financial reporting by requiring timely recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. ASU 2016-13 requires the measurement of all expected credit losses for financial assets not recorded at fair value based on historical experience, current conditions, and reasonable and supportable forecasts. For public entities that are SEC filers, ASU 2016-13 is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. This standard will be required to be implemented through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the amendments are effective. The Company is currently evaluating this guidance to determine the impact on the Company's consolidated financial statements.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 2016
INVESTMENT SECURITIES [Abstract]
INVESTMENT SECURITIES	2. INVESTMENT SECURITIES Securities Available for Sale Type And Maturity Group (Dollars in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value June 30, 2016 U.S. Government Sponsored Enterprise (GSE) and agency securities due - After 1 year but within 5 years $ 2,115 $ 17 $ - $ 2,132 Asset-backed securities issued by the Small Business Administration (SBA) 5,149 32 (10 ) 5,171 Residential mortgage-backed securities issued by GSEs (1) 47,740 382 (245 ) 47,877 State and local government securities due - After 10 years 48,772 2,442 (42 ) 51,172 Mutual funds 768 14 - 782 Total $ 104,544 $ 2,887 $ (297 ) $ 107,134 December 31, 2015 U.S. Government Sponsored Enterprise (GSE) and agency securities due - After 1 year but within 5 years $ 2,135 $ - $ (21 ) $ 2,114 Asset-backed securities issued by the Small Business Administration (SBA) 16,974 187 (17 ) 17,144 Residential mortgage-backed securities issued by GSEs (1) 51,726 29 (807 ) 50,948 State and local government securities due - After 1 year but within 5 years 682 4 - 686 After 5 years but within 10 years 8,714 222 - 8,936 After 10 years 56,146 835 (12 ) 56,969 Mutual funds 760 - (2 ) 758 Total $ 137,137 $ 1,277 $ (859 ) $ 137,555 (1) Residential mortgage-backed securities were issued by United States government sponsored enterprises including the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, or Government National Mortgage Association. The Company held no private label residential mortgage-backed securities at June 30, 2016 and December 31, 2015 or during the six- and twelve-month periods, respectively, then ended. Securities Held to Maturity Type And Maturity Group (Dollars in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value June 30, 2016 U.S. GSE and agency securities due - After 1 year but within 5 years $ 1,016 $ 37 $ - $ 1,053 Residential mortgage-backed securities issued by GSEs (1) 282 22 - 304 State and local government securities due - After 5 years but within 10 years 2,437 247 - 2,684 Total $ 3,735 $ 306 $ - $ 4,041 December 31, 2015 U.S. GSE and agency securities due - After 1 year but within 5 years $ 1,024 $ 46 $ - $ 1,070 Residential mortgage-backed securities issued by GSEs (1) 351 25 - 376 State and local government securities due - After 5 years but within 10 years 965 89 - 1,054 After 10 years 1,469 117 - 1,586 Total $ 3,809 $ 277 $ - $ 4,086 (1) Residential mortgage-backed securities were issued by United States government sponsored enterprises including the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, or Government National Mortgage Association. The Company held no private label residential mortgage-backed securities at June 30, 2016 and December 31, 2015 or during the six- and twelve-month periods, respectively, then ended. The following tables show investment gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2016 and December 31, 2015. The total number of securities with unrealized losses at June 30, 2016 and December 31, 2015 were 17 and 34, respectively. The unrealized losses relate to debt and equity securities that have incurred fair value reductions due to higher market interest rates since the securities were purchased. The unrealized losses are not likely to reverse unless and until market interest rates decline to the levels that existed when the securities were purchased. Management has the intent to hold securities with unrealized losses until a recovery of the market value occurs. Management has determined that it is more likely than not that the Company will not be required to sell any of the securities with unrealized losses prior to a recovery of market value sufficient to negate the unrealized loss. Management has analyzed the creditworthiness of the underlying issuers and determined that the Company will collect all contractual cash flows and, therefore, all impairment is considered to be temporary. June 30, 2016 Less Than 12 Months 12 Months Or More Total (Dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Securities Available For Sale Asset-backed SBA $ 550 $ (2 ) $ 735 $ (8 ) $ 1,285 $ (10 ) Residential mortgage- backed GSE (1) 4,289 (28 ) 18,655 (217 ) 22,944 (245 ) State and local government 4,444 (42 ) - - 4,444 (42 ) Total temporarily impaired securities $ 9,283 $ (72 ) $ 19,390 $ (225 ) $ 28,673 $ (297 ) (1) Residential mortgage-backed securities were issued by United States government sponsored enterprises including the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, or Government National Mortgage Association. The Company held no private label residential mortgage-backed securities at June 30, 2016 or during the six-month period then ended. December 31, 2015 Less Than 12 Months 12 Months Or More Total (Dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Securities Available For Sale US GSE and agency $ 1,018 $ (6 ) $ 1,096 $ (15 ) $ 2,114 $ (21 ) Asset-backed SBA 623 (1 ) 1,821 (16 ) 2,444 (17 ) Residential mortgage-backed GSE (1) 36,960 (672 ) 9,591 (135 ) 46,551 (807 ) State and local government 3,721 (5 ) 557 (7 ) 4,278 (12 ) Mutual funds 760 (2 ) - - 760 (2 ) Total temporarily impaired securities $ 43,082 $ (686 ) $ 13,065 $ (173 ) $ 56,147 $ (859 ) (1) Residential mortgage-backed securities were issued by United States government sponsored enterprises including the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, or Government National Mortgage Association. The Company held no private label residential mortgage-backed securities at December 31, 2015 or during the twelve-month period then ended. Investment securities pledged as collateral follows: (Dollars in thousands) June 30, 2016 December 31, 2015 Pledged to Federal Reserve Discount Window $ 9,381 $ 14,533 Pledged to repurchase agreements for commercial customers 993 1,131 Interest income from taxable and tax-exempt securities recognized in interest and dividend income follows: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2016 2015 2016 2015 Interest income from taxable securities $ 213 $ 246 $ 434 $ 551 Interest income from tax-exempt securities 347 311 714 574 Total interest income from securities $ 560 $ 557 $ 1,148 $ 1,125 Proceeds and gross realized gains from sales of securities recognized in net income follow: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2016 2015 2016 2015 Proceeds from sales of securities $ 31,902 $ 32,089 $ 50,150 $ 50,624 Gross realized gains from sales of securities 746 341 1,216 465 Gross realized losses from sales of securities (30 ) (198 ) (44 ) (266 )

LOANS RECEIVABLE

LOANS RECEIVABLE	6 Months Ended
	Jun. 30, 2016
LOANS RECEIVABLE [Abstract]
LOANS RECEIVABLE	3. LOANS RECEIVABLE Loans receivable by segment and class follow: (Dollars in thousands) June 30, 2016 December 31, 2015 Commercial: Commercial construction and land development $ 30,116 $ 38,313 Commercial mortgage 240,091 209,397 Commercial and industrial 23,420 22,878 Total commercial 293,627 270,588 Non-commercial: Non-commercial construction and land development 18,375 16,587 Residential mortgage 200,501 186,839 Revolving mortgage 65,405 66,258 Consumer 28,700 36,291 Total non-commercial 312,981 305,975 Total loans receivable 606,608 576,563 Less: Deferred loan fees (396 ) (476 ) Total loans receivable net of deferred loan fees 606,212 576,087 Less: Allowance for loan losses (6,583 ) (6,289 ) Loans receivable, net $ 599,629 $ 569,798 Loans receivable by segment, class, and grade follow: (Dollars in thousands) Pass Special Mention Substandard Doubtful Loss Total Loans June 30, 2016 Commercial: Commercial construction and land development $ 29,969 $ 141 $ 6 $ - $ - $ 30,116 Commercial mortgage 227,858 11,240 993 - - 240,091 Commercial and industrial 22,339 874 207 - - 23,420 Total commercial 280,166 12,255 1,206 - - 293,627 Non-commercial: Non-commercial construction and land development 18,375 - - - - 18,375 Residential mortgage 191,868 6,437 2,196 - - 200,501 Revolving mortgage 61,948 2,952 505 - - 65,405 Consumer 28,216 453 31 - - 28,700 Total non-commercial 300,407 9,842 2,732 - - 312,981 Total loans receivable $ 580,573 $ 22,097 $ 3,938 $ - $ - $ 606,608 December 31, 2015 Commercial: Commercial construction and land development $ 38,168 $ 145 $ - $ - $ - $ 38,313 Commercial mortgage 195,551 12,412 1,434 - - 209,397 Commercial and industrial 21,709 942 227 - - 22,878 Total commercial 255,428 13,499 1,661 - - 270,588 Non-commercial: Non-commercial construction and land development 16,587 - - - - 16,587 Residential mortgage 178,403 6,674 1,762 - - 186,839 Revolving mortgage 62,922 2,812 524 - - 66,258 Consumer 35,847 415 29 - - 36,291 Total non-commercial 293,759 9,901 2,315 - - 305,975 Total loans receivable $ 549,187 $ 23,400 $ 3,976 $ - $ - $ 576,563 Loans receivable by segment, class, and delinquency status follow: Past Due (Dollars in thousands) 31-89 Days 90 Days Or More Total Current Total Loans June 30, 2016 Commercial: Commercial construction and land development $ - $ 6 $ 6 $ 30,110 $ 30,116 Commercial mortgage - - - 240,091 240,091 Commercial and industrial 3 71 74 23,346 23,420 Total commercial 3 77 80 293,547 293,627 Non-commercial: Non-commercial construction and land development - - - 18,375 18,375 Residential mortgage 386 1,464 1,850 198,651 200,501 Revolving mortgage 211 97 308 65,097 65,405 Consumer 144 20 164 28,536 28,700 Total non-commercial 741 1,581 2,322 310,659 312,981 Total loans receivable $ 744 $ 1,658 $ 2,402 $ 604,206 $ 606,608 December 31, 2015 Commercial: Commercial construction and land development $ - $ - $ - $ 38,313 $ 38,313 Commercial mortgage - 496 496 208,901 209,397 Commercial and industrial - 87 87 22,791 22,878 Total commercial - 583 583 270,005 270,588 Non-commercial: Non-commercial construction and land development - - - 16,587 16,587 Residential mortgage 685 1,193 1,878 184,961 186,839 Revolving mortgage 104 98 202 66,056 66,258 Consumer 151 - 151 36,140 36,291 Total non-commercial 940 1,291 2,231 303,744 305,975 Total loans receivable $ 940 $ 1,874 $ 2,814 $ 573,749 $ 576,563 The recorded investment in loans, by segment and class, that are not accruing interest or are 90 days or more past due and still accruing interest follows: June 30, 2016 December 31, 2015 (Dollars in thousands) Nonaccruing Past Due 90 Days Or More And Still Accruing Nonaccruing Past Due 90 Days Or More And Still Accruing Commercial: Commercial construction and land development $ 6 $ - $ - $ - Commercial mortgage 387 - 818 - Commercial and industrial 207 - 227 - Total commercial 600 - 1,045 - Non-commercial: Residential mortgage 1,680 - 1,309 - Revolving mortgage 181 - 194 - Consumer 20 - - - Total non-commercial 1,881 - 1,503 - Total loans receivable $ 2,481 $ - $ 2,548 $ - The Bank services loans for Habitat for Humanity of Western North Carolina as an in-kind donation. The balances of these loans were $16.3 million at June 30, 2016 and $15.8 million at December 31, 2015. Loans made to directors and executive officers in the ordinary course of business with terms consistent with those offered to the Bank’s other customers follow: (Dollars in thousands) June 30, 2016 December 31, 2015 Director and executive officer loans, beginning of period $ 3,530 $ 4,022 New loans 71 718 Repayments of loans (168 ) (1,210 ) Director and executive officer loans, end of period $ 3,433 $ 3,530

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	6 Months Ended
	Jun. 30, 2016
ALLOWANCE FOR LOAN LOSSES [Abstract]
ALLOWANCE FOR LOAN LOSSES	4. ALLOWANCE FOR LOAN LOSSES An analysis of the allowance for loan losses by segment follows: Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 (Dollars in thousands) Commercial Non- Commercial Total Commercial Non- Commercial Total Balance at beginning of period $ 4,179 $ 2,543 $ 6,722 $ 3,710 $ 2,579 $ 6,289 Provision for loan losses 26 78 104 490 13 503 Charge-offs (224 ) (36 ) (260 ) (224 ) (44 ) (268 ) Recoveries 5 12 17 10 49 59 Balance at end of period $ 3,986 $ 2,597 $ 6,583 $ 3,986 $ 2,597 $ 6,583 Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 (Dollars in thousands) Commercial Non- Commercial Total Commercial Non- Commercial Total Balance at beginning of period $ 3,429 $ 2,613 $ 6,042 $ 3,409 $ 2,540 $ 5,949 Provision for (recovery of) loan losses 96 (31 ) 65 92 167 259 Charge-offs - (137 ) (137 ) (79 ) (310 ) (389 ) Recoveries 3 151 154 106 199 305 Balance at end of period $ 3,528 $ 2,596 $ 6,124 $ 3,528 $ 2,596 $ 6,124 Ending balances of loans and the related allowance, by segment and class, follow: Allowance For Loan Losses Total Loans Receivable (Dollars in thousands) Loans Individually Evaluated For Impairment Loans Collectively Evaluated Total Loans Individually Evaluated For Impairment Loans Collectively Evaluated Total June 30, 2016 Commercial: Commercial construction and land development $ - $ 300 $ 300 $ 6 $ 30,110 $ 30,116 Commercial mortgage 18 3,368 3,386 3,331 236,760 240,091 Commercial and industrial 10 290 300 220 23,200 23,420 Total commercial 28 3,958 3,986 3,557 290,070 293,627 Non-commercial: Non-commercial construction and land development - 143 143 - 18,375 18,375 Residential mortgage 32 1,281 1,313 3,331 197,170 200,501 Revolving mortgage 85 749 834 85 65,320 65,405 Consumer - 307 307 - 28,700 28,700 Total non-commercial 117 2,480 2,597 3,416 309,565 312,981 Total loans receivable $ 145 $ 6,438 $ 6,583 $ 6,973 $ 599,635 $ 606,608 December 31, 2015 Commercial: Commercial construction and land development $ - $ 385 $ 385 $ - $ 38,313 $ 38,313 Commercial mortgage 39 2,982 3,021 3,811 205,586 209,397 Commercial and industrial 13 291 304 252 22,626 22,878 Total commercial 52 3,658 3,710 4,063 266,525 270,588 Non-commercial: Non-commercial construction and land development - 139 139 - 16,587 16,587 Residential mortgage 42 1,140 1,182 2,895 183,944 186,839 Revolving mortgage 86 788 874 97 66,161 66,258 Consumer - 384 384 - 36,291 36,291 Total non-commercial 128 2,451 2,579 2,992 302,983 305,975 Total loans receivable $ 180 $ 6,109 $ 6,289 $ 7,055 $ 569,508 $ 576,563 Impaired loans and the related allowance, by segment and class, follow: Recorded Investment (Dollars in thousands) Unpaid Principal Balance With A Recorded Allowance With No Recorded Allowance Total Related Recorded Allowance June 30, 2016 Commercial: Commercial construction and land development $ 6 $ - $ 6 $ 6 $ - Commercial mortgage 3,493 2,944 387 3,331 18 Commercial and industrial 706 135 85 220 10 Total commercial 4,205 3,079 478 3,557 28 Non-commercial: Residential mortgage 3,402 1,152 2,179 3,331 32 Revolving mortgage 96 85 - 85 85 Total non-commercial 3,498 1,237 2,179 3,416 117 Total impaired loans $ 7,703 $ 4,316 $ 2,657 $ 6,973 $ 145 December 31, 2015 Commercial: Commercial mortgage $ 3,934 $ 3,315 $ 496 $ 3,811 $ 39 Commercial and industrial 722 140 112 252 13 Total commercial 4,656 3,455 608 4,063 52 Non-commercial: Residential mortgage 2,965 2,125 770 2,895 42 Revolving mortgage 107 86 11 97 86 Total non-commercial 3,072 2,211 781 2,992 128 Total impaired loans $ 7,728 $ 5,666 $ 1,389 $ 7,055 $ 180 The average recorded investment in impaired loans and interest income recognized on impaired loans follows: Three Months Ended June 30, 2016 Three Months Ended June 30, 2015 (Dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial: Commercial construction and land development $ 126 $ - $ - $ - Commercial mortgage 3,344 32 3,902 33 Commercial and industrial 226 - 289 - Total commercial 3,696 32 4,191 33 Non-commercial: Residential mortgage 2,997 14 3,402 18 Revolving mortgage 85 - 301 - Total non-commercial 3,082 14 3,703 18 Total loans receivable $ 6,778 $ 46 $ 7,894 $ 51 Six Months Ended June 30, 2016 Six Months Ended June 30, 2015 (Dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial: Commercial construction and land development $ 126 $ - $ - $ - Commercial mortgage 3,496 64 3,924 66 Commercial and industrial 235 - 321 1 Total commercial 3,857 64 4,245 67 Non-commercial: Residential mortgage 2,942 28 3,142 42 Revolving mortgage 89 - 329 - Total non-commercial 3,031 28 3,471 42 Total loans receivable $ 6,888 $ 92 $ 7,716 $ 109 The following table summarizes the Bank’s recorded investment in TDRs before and after their modifications during the periods indicated. No loans were restructured during the three months ended June 30, 2016 or June 30, 2015, and no loans were restructured during the six months ended June 30, 2016. The Bank reduced the interest rate below market levels on one loan and extended payment terms on one loan during the six months ended June 30, 2015. Six Months Ended June 30, 2016 Six Months Ended June 30, 2015 (Dollars in thousands) Number Of Loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number Of Loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Below market interest rate Commercial: Commercial and industrial - $ - $ - 1 $ 153 $ 153 Total commercial - - - 1 153 153 Total loans modified with below market interest rate - - - 1 153 153 Extended payment terms Non-commercial: Residential mortgage - - - 1 29 42 Total non-commercial - - - 1 29 42 Total loans modified with extended payment terms - - - 1 29 42 Total loans modified - $ - $ - 2 $ 182 $ 195 There were no loans modified as TDRs within the preceding 12 months that stopped performing during the three months or six months ended June 30, 2016 and June 30, 2015. In the determination of the allowance for loan losses, management considers TDRs on loans and the subsequent nonperformance in accordance with their modified terms, by measuring impairment loan-by-loan based on either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. The Bank’s loans that were considered to be TDRs follow: (Dollars in thousands) June 30, 2016 December 31, 2015 Nonperforming restructured loans $ 536 $ 979 Performing restructured loans 4,471 4,552 Total $ 5,007 $ 5,531 As of June 30, 2016 and December 31, 2015, the Bank had $1.5 million and $1.3 million, respectively, of residential real estate loans in the process of foreclosure and $687,000 and $705,000, respectively, of foreclosed residential real estate property included in foreclosed real estate.

BENEFIT PLANS

BENEFIT PLANS	6 Months Ended
	Jun. 30, 2016
BENEFIT PLANS [Abstract]
BENEFIT PLANS	5. BENEFIT PLANS Defined Benefit Plans – The Bank has a Qualified defined benefit pension plan covering substantially all of its employees. The benefits are based on years of service and the employee’s compensation during employment. The Bank’s funding policy is based on actuarially determined amounts. Prior service costs are amortized using the straight line method. Contributions are intended to provide for not only benefits attributed to service to date but also for those expected to be earned in the future. In addition, the Bank also has a Non-Qualified plan covering certain officers whose benefit under the Qualified plan would be reduced as a result of Internal Revenue Code limitations. The Non-Qualified plan is an unfunded plan and any benefits payable shall be paid from the general assets of the Bank. In January 2013, the Board of Directors amended the Bank’s Qualified and Non-Qualified pension plans (the “Plans”), effective March 31, 2013, to curtail or eliminate benefits under the Plans for services to be performed in future periods. During 2013, pension expense was decreased by a $499,000 one-time credit that resulted from the curtailment of benefits for future service. In June 2014, the Board of Directors further amended the Bank’s Plans, effective September 16, 2014, to offer immediate lump sum payments to inactive participants having an actuarial equivalent of vested accrued benefits below $60,000, determined as of November 1, 2014, as available. The total of immediate aggregate lump sum payments to all inactive participants making the lump sum selection was approximately $544,000 for 2014. In June 2015, the Board of Directors further amended the Bank’s Plans, effective September 1, 2015, to offer immediate lump sum payments to inactive vested participants, determined as of October 31, 2015, as available. The total of immediate aggregate lump sum payments to all inactive participants making the lump sum selection was approximately $846,000 for 2015. In April 2016, the Bank decided to settle its qualified pension plan liability for all remaining participants effective July 1, 2016. The settlement is expected to be recognized in the fourth quarter of 2016 when participants receive annuities or lump sum payments of their accrued benefit balances. A preliminary estimate of the one-time settlement charge is in the range of $8.7 million to $9.5 million before income taxes, or $5.5 million to $6.0 million after income taxes, of which $8.0 million before income taxes, or $5.1 million after income taxes, was recognized as a reduction of tangible common shareholders’ equity in the form of accumulated other comprehensive loss as of December 31, 2015. A preliminary estimate of the range of earnings per share dilution is $1.49 to $1.62 per share, while a preliminary estimate of the range of common equity book value dilution is $0.12 to $0.24 per share. For periods following the settlement in the fourth quarter of 2016, the Bank estimates annual periodic expense savings of approximately $810,000 before income taxes, or $513,000 after income taxes, or $0.14 per share. Net periodic cost related to defined benefit plans include the following components for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2016 2015 2016 2015 Non-Qualified Defined Benefit Plan Components of Net Periodic Benefit Costs: Interest cost $ 14 $ 14 $ 28 $ 27 Amortization of net loss 11 14 23 29 Net periodic pension cost $ 25 $ 28 $ 51 $ 56 Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2016 2015 2016 2015 Qualified Defined Benefit Plan Components of Net Periodic Benefit Costs: Interest cost $ 237 $ 247 $ 472 $ 495 Expected return on plan assets (202 ) (236 ) (401 ) (472 ) Amortization of net loss 163 180 324 360 Net periodic pension cost $ 198 $ 191 $ 395 $ 383 Employee Stock Ownership Plan – In conjunction with the Parent’s initial public offering in 2011, the Bank established an ESOP to provide eligible employees the opportunity to own Parent stock. The Parent provided a loan to the ESOP in the amount of $4,468,000, which was used to purchase 446,764 shares of the Parent’s common stock at a price of $10.00 per share in the Parent’s initial public offering. The loan bears a fixed interest rate of 3.25% and provides for annual payments of interest and principal over the 15 year term of the loan. The Bank committed to make contributions to the ESOP sufficient to support the debt service of the loan. The loan is secured by the shares purchased, which are held in a trust until released for allocation to the participants as principal and interest payments are made by the ESOP to the Parent. Shares released are allocated to each eligible participant based on the ratio of each participant’s compensation, as defined in the ESOP, to the total compensation of all eligible plan participants. Forfeited shares shall be reallocated among other active participants in the Plan. At the discretion of the Bank, cash dividends, when paid on allocated shares, will be distributed to participants’ accounts or used to repay the principal and interest on the ESOP loan used to acquire Parent stock on which dividends were paid. Cash dividends on unallocated shares will be used to repay the outstanding debt of the ESOP. Shares held by the ESOP include the following: June 30, 2016 Allocated ESOP shares, December 31, 2015 118,694 ESOP shares committed to be released during the period 15,608 Unallocated ESOP shares 298,258 Total ESOP shares 432,560 Fair value of unallocated ESOP shares (dollars in thousands) $ 7,316 As ESOP shares are earned by the participants, the Company recognizes compensation expense equal to the fair value of the earned ESOP shares during the periods in which they become committed to be released. Total expense recognized in connection with the ESOP follows: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2016 2015 2016 2015 ESOP expense $ 194 $ 165 $ 387 $ 323 2012 Equity Incentive Plan - Shares of common stock granted under the 2012 Equity Incentive Plan may be issued from authorized but unissued shares or, in the case of restricted stock awards, may be awarded with shares purchased on the open market. During 2012, the Company purchased 223,382 shares of its common stock at a total cost of $3.6 million, or an average of $16.12 per share, through an independent trustee to fulfill anticipated restricted stock awards. The share-based awards granted under the 2012 Equity Incentive Plan have some similar characteristics, except some awards have been granted in restricted stock and other awards have been granted in stock options. Therefore, the following disclosures have been disaggregated for the restricted stock awards and the stock option grants under the plan due to their dissimilar characteristics. Share-based compensation expenses related to restricted stock and stock options recognized for the three and six months ended June 30, 2016 were $262,000 and $529,000, respectively, and were $263,000 and $528,000, respectively, for the same periods of 2015. The table below presents restricted stock award activity for the periods indicated: Restricted Stock Awards Weighted Average Grant Date Fair Value Unvested restricted shares at December 31, 2015 121,610 $ 15.75 Vested and released to participants (40,297 ) 15.74 Unvested restricted shares at June 30, 2016 81,313 $ 15.76 There were no restricted stock awards granted or forfeited during the six-month period ended June 30, 2016. At June 30, 2016, unrecognized compensation expense, adjusted for expected forfeitures, was $957,000 related to restricted stock. The weighted-average period over which compensation cost related to unvested awards is expected to be recognized was 1.63 years at June 30, 2016. The table below presents stock option activity for the periods indicated: Stock Options Available For Granting Stock Options Outstanding Weighted Average Exercise Price Remaining Contractual Life (In Years) Aggregate Intrinsic Value (In Thousands) Outstanding at December 31, 2015 60,355 450,500 $ 16.03 7.24 $ 4,473 Exercised - (5,000 ) 15.71 Outstanding at June 30, 2016 60,355 445,500 $ 16.03 6.75 $ 3,786 Options exercisable at June 30, 2016 249,900 $ 15.88 6.68 $ 2,162 The fair value of each option award is estimated on the date of the grant using the Black-Scholes option pricing model. There were 5,000 stock options exercised during the six-month period ended June 30, 2016, and there were no stock options granted or forfeited during the period. There were no stock options granted, exercised or forfeited during the six-month period ended June 30, 2015. At June 30, 2016, the Company had $735,000 of unrecognized compensation expense related to stock options. The weighted average period over which compensation cost related to unvested stock options is expected to be recognized was 1.90 years at June 30, 2016. There were 249,900 options vested and exercisable at June 30, 2016.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2016
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	6. COMMITMENTS AND CONTINGENCIES Loan Commitments The Bank’s exposure to credit loss in the event of nonperformance by the counterparty to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Bank uses the same credit policies in making such commitments as it does for instruments that are included in the balance sheet. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation. Collateral held varies but may include accounts receivable, inventory, property and equipment, and income-producing commercial real estate. Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. Standby letters of credit generally have fixed expiration dates or other termination clauses and may require payment of a fee. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Bank’s policy for obtaining collateral, and the nature of such collateral, is essentially the same as that involved in making commitments to extend credit. The Bank’s commitments to extend or originate credit and under standby letters of credit follow: (Dollars in thousands) June 30, 2016 December 31, 2015 Financial instruments whose contract amounts represent credit risk: Commitments to extend or originate credit $ 189,907 $ 171,339 Commitments under standby letters of credit 660 120 Total $ 190,567 $ 171,459 Concentrations of Credit Risk Interest Rate Risk Litigation Investment Commitments

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2016
FAIR VALUE MEASUREMENTS [Abstract]
FAIR VALUE MEASUREMENTS	7. FAIR VALUE MEASUREMENTS FASB ASC Topic 820: Fair Value Measurements and Disclosures Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the entire holdings of a particular financial instrument. Because no highly liquid market exists for a significant portion of the Company's financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. The fair value estimates presented below are based on pertinent information available to management as of June 30, 2016 and December 31, 2015. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued since the dates presented herein and, therefore, current estimates of fair value may differ significantly from the amounts presented. The fair value measurement and disclosure guidance contained in FASB ASC Topic 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an 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. The guidance also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value. Level 1 The fair values of Level 1 assets are determined by quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities include debt and equity securities that are traded in an active exchange market, as well as certain U.S. Treasury debt securities. Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. This category generally includes certain U.S. Government and agency mortgage-backed debt securities, SBA asset-backed securities, securities issued by state and local governments, and corporate debt securities. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. This category generally includes certain private equity investments, loans receivable held for investment, accrued interest receivable and payable, time deposits, repurchase agreements, and Federal Home Loan Bank ("FHLB") advances. The methodologies for estimating fair values of financial assets and financial liabilities are determined as discussed below. The estimated fair value approximates carrying value for cash and cash equivalents, accrued interest, Federal Home Loan Bank Stock and demand deposits. Investment Securities Loans Held for Sale Loans Receivable The Bank does not record loans at fair value on a recurring basis. However, from time to time, a loan is considered impaired and an allowance for loan losses is established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment in accordance with the accounting guidance contained in FASB ASC Topic 310: Receivables When the fair value of the collateral is based on an observable market price or a current appraised value, the impaired loan is recorded as nonrecurring Level 2 assets. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Bank records the impaired loan as nonrecurring Level 3 assets. Accrued Interest Receivable and Payable Deferred Compensation Assets Demand and Savings Deposits Time Deposits and Repurchase Agreements Federal Home Loan Bank Advances Deferred Compensation Liabilities Defined Benefit Plan Assets Foreclosed Properties The estimated fair values and carrying amounts of financial instruments follow: Fair Value Measurement Using Total (Dollars in thousands) Level 1 Level 2 Level 3 Estimated Fair Value Carrying Amount In Balance Sheet June 30, 2016 Financial assets: Cash and cash equivalents $ 51,561 $ - $ - $ 51,561 $ 51,561 Securities available for sale 782 106,352 - 107,134 107,134 Securities held to maturity - 4,041 - 4,041 3,735 Investments in FHLB stock - - 2,829 2,829 2,829 Loans held for sale - 4,430 - 4,430 4,323 Loans receivable, net - - 606,059 606,059 599,629 Accrued interest receivable - - 2,116 2,116 2,116 Deferred compensation assets 1,320 - - 1,320 1,320 Financial liabilities: Demand deposits - - 505,438 505,438 505,438 Time deposits - - 135,248 135,248 135,247 Repurchase agreements - - 450 450 450 Federal Home Loan Bank Advances - - 51,654 51,654 50,000 Deferred compensation liabilities 1,323 - - 1,323 1,323 Accrued interest payable - - 122 122 122 Financial instruments whose contract amounts represent credit risk: Commitments to extend or originate credit - - - - - Commitments under standby letters of credit - - - - - Fair Value Measurement Using Total (Dollars in thousands) Level 1 Level 2 Level 3 Estimated Fair Value Carrying Amount In Balance Sheet December 31, 2015 Financial assets: Cash and cash equivalents $ 33,401 $ - $ - $ 33,401 $ 33,401 Securities available for sale 758 136,797 - 137,555 137,555 Securities held to maturity - 4,086 - 4,086 3,809 Investments in FHLB stock - - 2,807 2,807 2,807 Loans held for sale - 7,169 - 7,169 7,018 Loans receivable, net - - 572,286 572,286 569,798 Accrued interest receivable - - 2,456 2,456 2,456 Deferred compensation assets 1,359 - - 1,359 1,359 Financial liabilities: Demand deposits - - 495,628 495,628 495,628 Time deposits - - 135,212 135,212 135,276 Repurchase agreements - - 324 324 327 Federal Home Loan Bank Advances - - 52,116 52,116 50,000 Deferred compensation liabilities 1,365 - - 1,365 1,365 Accrued interest payable - - 121 121 121 Financial instruments whose contract amounts represent credit risk: Commitments to extend or originate credit - - - - - Commitments under standby letters of credit - - - - - Assets and Liabilities Recorded at Fair Value on a Recurring Basis Below is a table that presents information about certain assets and liabilities measured at fair value on a recurring basis. There were no transfers to or from Levels 1 and 2 during the six months ended June 30, 2016 and June 30, 2015. (Dollars in thousands) Fair Value Measurement Using Total Description Level 1 Level 2 Level 3 Carrying Amount In Balance Sheets Assets/ Liabilities Measured At Fair Value June 30, 2016 Securities available for sale: U.S. GSE and agency securities $ - $ 2,132 $ - $ 2,132 $ 2,132 Asset-backed SBA securities - 5,171 - 5,171 5,171 Residential mortgage-backed securities issued by GSEs - 47,877 - 47,877 47,877 State and local government securities - 51,172 - 51,172 51,172 Mutual funds 782 - - 782 782 Total $ 782 $ 106,352 $ - $ 107,134 $ 107,134 Defined benefit plan assets: Cash and cash equivalents $ 738 $ - $ - Money market mutual funds 2,273 - - Debt security mutual funds 14,121 - - Total $ 17,132 $ - $ - December 31, 2015 Securities available for sale: U.S. GSE and agency securities $ - $ 2,114 $ - $ 2,114 $ 2,114 Asset-backed SBA securities - 17,144 - 17,144 17,144 Residential mortgage-backed securities issued by GSEs - 50,948 - 50,948 50,948 State and local government securities - 66,591 - 66,591 66,591 Mutual funds 758 - - 758 758 Total $ 758 $ 136,797 $ - $ 137,555 $ 137,555 Defined benefit plan assets: Cash and cash equivalents $ 652 $ - $ - Money market mutual funds 145 - - Debt security mutual funds 12,089 - - Equity security mutual funds 3,231 - - Defined benefit plan liabilities: Administrative Fees 8 - - Total $ 16,109 $ - $ - Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis As may be required from time to time, certain assets may be recorded at fair value on a nonrecurring basis in certain circumstances such as evidence of impairment in accordance with U.S. GAAP. Assets measured at fair value on a nonrecurring basis segregated by the level of the valuation inputs within the fair value hierarchy that were held for the periods indicated are in the table below. (Dollars in thousands) Fair Value Measurement Using Total Description Level 1 Level 2 Level 3 Carrying Amount In Balance Sheets (1) Assets/ Liabilities Measured At Fair Value (1) June 30, 2016 Impaired loans $ - $ - $ 1,635 $ 1,635 $ 1,635 Foreclosed properties - - 1,529 1,529 1,529 December 31, 2015 Impaired loans $ - $ - $ 1,876 $ 1,876 $ 1,876 Foreclosed properties - - 1,682 1,682 1,682 (1) Properties recorded at cost and not market are excluded. There were no transfers between valuation levels for any asset during the six-month periods ended June 30, 2016 and June 30, 2015. If valuation techniques are deemed necessary, the Company considers those transfers to occur at the end of the period when the assets are valued. Quantitative Information About Level 3 Fair Value Measurements The following table presents quantitative information about financial and nonfinancial assets measured at fair value on a nonrecurring basis using Level 3 valuation inputs: Discount (Dollars in thousands) Fair Value (1) Valuation Technique Unobservable Input Range (Weighted Average) June 30, 2016 Impaired loans $ 1,635 Discounted appraisals (2) Collateral discounts (3) 0%-36% (15 %) Foreclosed properties 1,529 Discounted appraisals (2) Collateral discounts (3) 0%-22% (10 %) December 31, 2015 Impaired loans $ 1,876 Discounted appraisals (2) Collateral discounts (3) 0%-36% (21 %) Foreclosed properties 1,682 Discounted appraisals (2) Collateral discounts (3) 0%-22% (5 %) (1) Properties recorded at cost and not market are excluded. (2) Fair value is generally based on appraisals of the underlying collateral. (3) Appraisals of collateral may be adjusted by management for customized discounting criteria, estimated sales costs, and proprietary qualitative adjustments.

SIGNIFICANT STOCK REPURCHASES

SIGNIFICANT STOCK REPURCHASES	6 Months Ended
	Jun. 30, 2016
SIGNIFICANT STOCK REPURCHASES [Abstract]
SIGNIFICANT STOCK REPURCHASES	8. SIGNIFICANT STOCK REPURCHASES On July 14, 2016, the Company issued a news release announcing that the Company completed its repurchase of 200,000 shares of its outstanding common stock under the repurchase program previously announced on July 1, 2016. The Company's Board of Directors approved a stock repurchase program whereby the Company could repurchase up to 200,000 shares of its outstanding common stock. Under a Rule 10b5-1 repurchase plan, the share repurchases totaling 200,000 shares were completed on July 11, 2016 at an average purchase price of $24.62 per share. Following the completion of the repurchase, the Company had 3,787,322 shares outstanding.

SUMMARY OF SIGNIFICANT ACCOUN16

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Organization	Organization – ASB Bancorp, Inc. (the “Parent”) was incorporated on May 12, 2011 by Asheville Savings Bank, S.S.B. (the “Bank”) to be the Bank’s holding company upon completion of the Bank’s conversion from the mutual to stock form of organization. The Bank is headquartered in Asheville, North Carolina and provides mortgage, consumer and commercial banking services primarily in Buncombe, Henderson, McDowell, Transylvania, and Madison counties in North Carolina and in Mecklenburg County, North Carolina through loan originators. The Bank is regulated by the Office of the North Carolina Commissioner of Banks (“NCCoB”) and the Federal Deposit Insurance Corporation (“FDIC”). The Parent is regulated by the Board of Governors of the Federal Reserve System (the “FRB”) and the NCCoB.
Principles of Consolidation	Principles of Consolidation – The consolidated financial statements include the accounts of the Parent and its wholly owned subsidiary, the Bank (collectively, the “Company”). The Bank has two wholly-owned subsidiaries, Appalachian Financial Services, Inc., which has on occasion managed the Bank’s real estate acquired through debt default but is currently inactive, and Wenoca, Inc., which serves as the Bank’s trustee regarding deeds of trust. Both subsidiaries are organized as North Carolina corporations. For purposes of the consolidated financial statements, all significant intercompany accounts and transactions have been eliminated. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America.
Use of Estimates	Use of Estimates – 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 at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Investment Securities	Investment Securities – Realized gains and losses on sales of investment securities are recognized at the time of sale (“trade date”) based upon the specific identification method. Interest income includes amortization of purchase premiums and discounts. Realized gains and losses are derived from the amortized cost of the security sold. Declines in the fair value of held to maturity and available for sale debt securities below their cost that are deemed to be other than temporary because of credit risk impairment are reflected in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers, among other factors, (i) the length of time and the extent to which the fair value has been less than cost, (ii) the financial condition and near-term prospects of the issuer, (iii) the intent of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value, and (iv) whether it is more likely than not that the Company will be required to sell the investment prior to a recovery.
Loans	Loans – Loans that management has the intent and ability to hold for the foreseeable future are reported at their outstanding principal balances net of any unearned income, charge-offs, unamortized fees and costs on originated loans. The net amount of nonrefundable loan origination fees and certain direct costs associated with the lending processes are deferred and amortized to interest income over the contractual lives of the loans. Loan Segments and Classes The Bank’s portfolio segments and classes within those segments are subject to risks that could have an adverse impact on the credit quality of the loan portfolio. Management has identified the risks described below as significant risks that are generally similar among the loan segments and classes. Commercial Loan Segment The Bank’s commercial loans are centrally underwritten based primarily on the customer’s ability to generate the required cash flow to service the debt in accordance with the contractual terms and conditions of the loan agreement. The Bank’s commercial lenders and underwriters work to understand the borrower’s businesses and management experiences. The majority of the Bank’s commercial loans are secured by collateral, so collateral values are important to the transaction. In commercial loan transactions where the principals or other parties provide personal guarantees, the Bank’s commercial lenders and underwriters analyze the relative financial strength and liquidity of each guarantor. Risks that are common to the Bank’s commercial loan classes include general economic conditions, demand for the borrowers’ products and services, the personal circumstances of the principals, and reductions in collateral values. In addition to these common risks for the Bank’s commercial loans, the various commercial loan classes also have certain risks specific to them. Commercial Construction and Land Development loans are highly dependent on the supply and demand for commercial real estate in the Bank’s markets as well as the demand for the newly constructed residential homes and lots being developed by the Bank’s commercial loan borrowers. Prolonged deterioration in demand could result in significant decreases in the underlying collateral values and make repayment of the outstanding loans more difficult for the Bank’s commercial borrowers. Commercial Mortgage and Commercial and Industrial loans are primarily dependent on the ability of the Bank’s commercial loan customers to achieve business results consistent with those projected at loan origination resulting in cash flow sufficient to service the debt. To the extent that a borrower’s actual business results significantly underperform the original projections, the ability of that borrower to service the Bank’s loan on a basis consistent with the contractual terms may be at risk. While these loans and leases are generally secured by real property, personal property, or business assets such as inventory or accounts receivable, it is possible that the liquidation of the collateral will not fully satisfy the obligation. Non-Commercial Loan Segment The Bank underwrites its non-commercial loans using automated credit scoring and analysis tools. These credit scoring tools take into account factors such as payment history, credit utilization, length of credit history, types of credit currently in use, and recent credit inquiries. To the extent that the loan is secured by collateral, the value of the collateral is also evaluated. Common risks to each class of non-commercial loans include general economic conditions within the Bank’s markets, such as unemployment and potential declines in collateral values, and the personal circumstances of the borrowers. In addition to these common risks for the Bank’s non-commercial loans, various non-commercial loan classes may also have certain risks specific to them. Residential Mortgage and Non-Commercial Construction and Land Development Revolving Mortgage loans are often secured by second liens on residential real estate, thereby making such loans particularly susceptible to declining collateral values. A substantial decline in collateral value could render the Bank’s second lien position to be effectively unsecured. Additional risks include lien perfection inaccuracies and disputes with first lien holders that may further weaken collateral positions. Further, the open-end structure of these loans creates the risk that customers may draw on the lines in excess of the collateral value if there have been significant declines since origination. Consumer Credit Quality Indicators Loans are monitored for credit quality on a recurring basis and the composition of the loans outstanding by credit quality indicator is provided below. Loan credit quality indicators are developed through review of individual borrowers on an ongoing basis, although certain non-commercial loans, including residential mortgage, revolving mortgage and consumer loans, are evaluated upon origination and are reevaluated upon a change in delinquency status. Most commercial loans are evaluated at least annually with more frequent evaluation of more severely criticized loans or leases. The indicators represent the rating for loans as of the date presented based on the most recent assessment performed. These credit quality indicators are defined as follows: Pass Special Mention Substandard Doubtful Loss
Allowance for Loan Losses	Allowance for Loan Losses Management determines the allowance for loan losses based on periodic evaluations that are inherently subjective and require substantial judgment because the evaluations require the use of material estimates that are susceptible to significant change. The Bank generally uses two allowance methodologies that are primarily based on management’s determination as to whether or not a loan is considered to be impaired. Commercial loans, as well as non-commercial loans that are classified as substandard and secured by real estate, are evaluated for impairment on a loan-by-loan basis and are considered impaired when it is probable, based on current information, that the borrower will be unable to pay contractual interest or principal as required by the loan agreement. Loans that experience insignificant payment delays and payment shortfalls are not necessarily considered impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment history, and the amount of the shortfall relative to the principal and interest owed. Loans that are deemed to be troubled debt restructurings, which are discussed below, are also included as impaired loans. Impaired loans are measured at their estimated fair value based on either the value of the loan’s expected future cash flows discounted at the loan’s effective interest rate or on the collateral value, net of the estimated costs of disposal, if the loan is collateral dependent. For loans considered impaired, an individual allowance for loan losses is recorded when the loan principal balance exceeds the estimated fair value. For loans not considered impaired, management determines the allowance for loan losses based on estimated loss percentages that are determined by and applied to the various classes of loans that comprise the segments of the Bank’s loan portfolio. The estimated loss percentages by loan class are based on a number of factors that include by class (i) average historical losses over the past three years, (ii) levels and trends in delinquencies, impairments, and net charge-offs, (iii) trends in the volume and direction of loan balances within that class, terms, and concentrations, (iv) trends in interest rates, (v) effects of changes in the Bank’s risk tolerance, underwriting standards, lending policies, procedures, and practices, and (vi) national and local business and economic conditions. Methodology change Future material adjustments to the allowance for loan losses may be necessary due to improving or deteriorating economic conditions, delinquencies, charge-off levels or declining collateral values. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Bank’s allowance for loan losses and may require the Bank to make adjustments to the allowance for loan losses based upon judgments that differ significantly from those of management.
Nonperforming Assets	Nonperforming Assets Loans Past Due 90 Days or More, Nonaccruing, Impaired, or Restructured A troubled debt restructuring (“TDR”) occurs when a borrower is experiencing financial difficulty and the Bank grants a concession it would not otherwise consider to provide the borrower relief from one or more of the contractual loan conditions. Concessions that the Bank might consider include the allowance of interest-only payments on more than a temporary basis, the reduction of interest rates, the extension of the loan term, the forgiveness of principal, or a combination of these. The Bank might require additional collateral or additional guarantors as conditions to modifying loans as TDRs. The Bank might consider modifying both accruing or nonaccruing loans as TDRs. When a modification includes a reduction of principal that resulted from a partial charge-off of the loan, the Bank typically accounts for the TDR as a nonaccruing loan. The Bank classifies TDRs as impaired loans and evaluates the need for an allowance for loan loss on a loan-by-loan basis consistent with its evaluation of impaired loans that have not been modified as TDRs. An allowance is based on either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's observable market price or the estimated fair value of the underlying collateral less any selling costs, if the loan is deemed to be collateral dependent. The Bank’s policy for recognition of interest income on loans considered to be impaired, including restructured loans, is the same as its interest income recognition policy for loans not considered to be impaired. Loan Charge-Offs Charge-offs of loans in the commercial loan segment are recognized when the uncollectibility of the loan balance and the inability to recover sufficient value from the sale of any collateral securing the loan is confirmed. The uncollectibility of the loan balance is evidenced by the inability of the commercial borrower to generate cash flows sufficient to repay the loan as agreed causing the loan to become delinquent. For collateral dependent commercial loans, the Bank determines the fair value of the collateral based on appraisals, current market conditions, and estimated costs to sell the collateral. For collateral dependent commercial loans where the loan balance, including any accrued interest, net deferred fees or costs, and unamortized premiums or discounts, exceeds the fair value of the collateral securing the loan, the deficiency is identified as unrecoverable, is deemed to be a confirmed loss, and is charged off. Charge-offs of loans in the non-commercial loan segment are generally confirmed and recognized in a manner similar to loans in the commercial loan segment. Secured non-commercial loans that are identified as uncollectible and are deemed to be collateral dependent are confirmed as loss to the extent the fair value of the collateral is insufficient to recover the loan balance. Closed-end consumer loans that become 120 cumulative days past due and open-end consumer loans that become 180 cumulative days past due are charged off to the extent that the fair value of any collateral, less estimated costs to sell the collateral, is insufficient to recover the loan balance. Closed-end and open-end loans secured by residential real estate that become 180 days past due are charged off to the extent that the fair value of the residential real estate securing the loan, less estimated costs to sell the collateral, is insufficient to recover the loan balance. Loans determined to be fraudulent are charged off within 90 days of discovery. Loans to borrowers in bankruptcy are subject to modification by the bankruptcy court and are charged off to the extent that the fair value of any collateral securing the loan, less estimated costs to sell the collateral, is insufficient to recover the loan balance, unless the Bank expects repayment is likely to occur. Such loans are charged off within 60 days of the receipt of notification from a bankruptcy court or when the loans become 120 days past due, whichever is shorter. Foreclosed Real Estate
Comprehensive Income	Comprehensive Income The changes in the components of the Company’s accumulated other comprehensive loss, net of income taxes, are presented as follows: (Dollars in thousands) Beginning Balance OCI Before Reclassification Amount Reclassified Net OCI Ending Balance Three Months Ended June 30, 2016 Unrealized gain on securities $ 931 $ 1,164 $ (454 ) $ 710 $ 1,641 Benefit plan liability (5,326 ) (110 ) 110 - (5,326 ) Accumulated other comprehensive income (loss), net of tax $ (4,395 ) $ 1,054 $ (344 ) $ 710 $ (3,685 ) Three Months Ended June 30, 2015 Unrealized gain (loss) on securities $ 631 $ (1,048 ) $ (90 ) $ (1,138 ) $ (507 ) Benefit plan liability (5,926 ) (122 ) 122 - (5,926 ) Accumulated other comprehensive income (loss), net of tax $ (5,295 ) $ (1,170 ) $ 32 $ (1,138 ) $ (6,433 ) Six Months Ended June 30, 2016 Unrealized gain on securities $ 265 $ 2,119 $ (743 ) $ 1,376 $ 1,641 Benefit plan liability (5,326 ) (220 ) 220 - (5,326 ) Accumulated other comprehensive income (loss), net of tax $ (5,061 ) $ 1,899 $ (523 ) $ 1,376 $ (3,685 ) Six Months Ended June 30, 2015 Unrealized gain (loss) on securities $ 124 $ (506 ) $ (125 ) $ (631 ) $ (507 ) Benefit plan liability (5,926 ) (244 ) 244 - (5,926 ) Accumulated other comprehensive income (loss), net of tax $ (5,802 ) $ (750 ) $ 119 $ (631 ) $ (6,433 ) The Company’s reclassifications out of accumulated other comprehensive income are as follows: Details About Accumulated Other Comprehensive Income Components Amount Reclassified From Accumulated Other Comprehensive Income Affected Line Item In The Statement Where Net Income Is Presented (Dollars in thousands) Three Months Ended June 30, 2016 Three Months Ended June 30, 2015 Reclassification of securities gains recognized in net income $ (716 ) $ (143 ) Gain on sale of investment securities Deferred income tax expense 262 53 Income tax provision Total reclassifications for the period $ (454 ) $ (90 ) Net of tax Net periodic pension benefit $ 174 $ 194 Salaries and employee benefits Deferred income tax expense (64 ) (72 ) Income tax provision Total reclassifications for the period $ 110 $ 122 Net of tax (Dollars in thousands) Six Months Ended June 30, 2016 Six Months Ended June 30, 2015 Reclassification of securities gains recognized in net income $ (1,172 ) $ (199 ) Gain on sale of investment securities Deferred income tax expense 429 74 Income tax provision Total reclassifications for the period $ (743 ) $ (125 ) Net of tax Net periodic pension benefit $ 347 $ 389 Salaries and employee benefits Deferred income tax expense (127 ) (145 ) Income tax provision Total reclassifications for the period $ 220 $ 244 Net of tax
Income Taxes	Income Taxes – The establishment of provisions for federal and state income taxes is a complex area of accounting that involves the use of significant judgments and estimates in applying relevant tax statutes. The Company is subject to audit by federal and state tax authorities, the results of which may produce tax liabilities that differ from the Company’s tax estimates and provisions. The Company continually evaluates its exposure to possible tax assessments arising from audits and it records its estimate of possible exposure based on current facts and circumstances. The Parent and the Bank have entered into a formal agreement that will allow them, if so elected, to file consolidated federal and state income tax returns, where permitted, and each to pay its respective share of income taxes due. Deferred tax assets and liabilities are recognized for the tax effects of differing carrying values of assets and liabilities for tax and financial statement purposes that will reverse in future periods. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. When uncertainty exists concerning the recoverability of a deferred tax asset, the carrying value of the asset may be reduced by a valuation allowance. The amount of any valuation allowance established is based upon an estimate of the deferred tax asset that is more likely than not to be recovered. Increases or decreases in the valuation allowance result in increases or decreases to the provision for income taxes. The Bank includes interest and penalties related to income tax liabilities in noninterest expense. The Bank’s tax filings for the years 2012 and thereafter are currently open to audit under statutes of limitations by the Internal Revenue Service and the North Carolina Department of Revenue.
Pension Plan	Pension Plan
Employee Stock Ownership Plan ("ESOP")	Employee Stock Ownership Plan (“ESOP”) – In connection with the mutual-to-stock conversion on October 11, 2011, the Bank established an ESOP for the benefit of all of its eligible employees. Full-time employees of the Bank who have been credited with at least 1,000 hours of service during a twelve-month period and who have attained age 21 are eligible to participate in the ESOP. Shares allocated under the ESOP vest at the rate of 20% per year of service beginning with the completion of two years of service and fully vest upon the completion of six years of service. The Bank anticipates it will make contributions to the ESOP in amounts necessary to amortize the ESOP loan payable to the Parent over a period of 15 years in accordance with the terms of the loan. Unallocated ESOP shares are not considered outstanding (including for the calculation of net income per common share as discussed below) and are shown as a reduction of shareholders’ equity. Dividends on unallocated ESOP shares, if paid, are considered to be compensation expense. The Company recognizes compensation cost equal to the fair value of the ESOP shares during the periods in which they are committed to be released. The fair value of the annual share allocations is recorded on a monthly basis with fair value determined by calculating the average closing stock price for each day during the month. To the extent that the fair value of the Company’s ESOP shares differs from the cost of such shares, the difference is recognized in shareholders’ equity. The Company recognizes a tax deduction equal to the cost of the shares released. Because the ESOP is internally leveraged through a loan from the Parent to the ESOP, the loan receivable by the Parent from the ESOP is not reported as an asset nor is the debt of the ESOP shown as a liability in the consolidated financial statements.
Equity Incentive Plan	Equity Incentive Plan
Net Income Per Common Share	Net Income Per Common Share – Where presented, basic net income per common share is the Company’s net income available to common shareholders, which represents net income less dividends paid or payable to preferred stock shareholders, if any, divided by the weighted average number of common shares outstanding during the period. In calculating the weighted average number of common shares outstanding, shares held by the ESOP are not considered to be outstanding until they are committed to be released for allocation. Also, the weighted average of unvested restricted shares are not considered outstanding until the shares vest. For diluted income per common share, net income available to common shareholders is divided by the weighted average number of common shares issued and outstanding for each period plus amounts representing the dilutive effect of stock options and restricted stock, as well as any adjustment to income that would result from the assumed issuance. The effects of restricted stock and stock options are excluded from the computation of diluted income per common share in periods in which the effect would be antidilutive. Potential common shares that might be issued by the Company relate solely to outstanding stock options and restricted stock and are determined using the treasury stock method. Net income per common share has been computed based on the following: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands, except per share data) 2016 2015 2016 2015 Numerator: Net income $ 1,696 $ 865 $ 2,817 $ 1,487 Denominator: Weighted average common shares outstanding 3,985,922 4,378,411 3,985,698 4,378,411 Less: Weighted average unvested restricted shares (81,313 ) (121,610 ) (89,229 ) (129,565 ) Less: Weighted average unallocated ESOP shares (302,160 ) (333,602 ) (306,062 ) (337,471 ) Weighted average common shares used to compute net income per common share – Basic 3,602,449 3,923,199 3,590,407 3,911,375 Add: Effect of dilutive securities 140,009 90,133 140,909 83,715 Weighted average common shares used to compute net income per common share – Diluted 3,742,458 4,013,332 3,731,316 3,995,090 Net income per common share – Basic $ 0.47 $ 0.22 $ 0.78 $ 0.38 Net income per common share – Diluted $ 0.45 $ 0.21 $ 0.75 $ 0.37 For the three and six months ended June 30, 2016, no restricted shares and no stock options were excluded from the computation of net income per share because their effect would be anti-dilutive. For the three and six months ended June 30, 2015, no restricted shares were excluded from the computation of net income per share because their effect would be anti-dilutive. For the three and six months ended June 30, 2015, options to purchase 5,393 shares of common stock were excluded from the computation of net income per share because their effect would be anti-dilutive.
Reclassifications	Reclassifications – Certain reclassifications have been made to the financial statements of the prior periods presented to conform to the current period presentation. The reclassifications had no effect on net income, net income per common share, or shareholders’ equity as previously reported.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Standards Update ASU 2016-01 – In January 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, which amends the guidance on the classification and measurement of financial instruments and also amends certain disclosure requirement associated with the fair value of those instruments. For public entities, the amendments in ASU 2016-01 are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The Company is currently evaluating this guidance to determine the impact on the Company's consolidated financial statements. Accounting Standards Update ASU 2016-02 – In February 2016, the FASB issued ASU 2016-02, Leases. ASU 2016-02 introduces a new lease model that refines the evaluation for lease accounting and addresses other concerns related to the current leases model. For public entities, the new standard is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018. The Company is currently evaluating this guidance to determine the impact on the Company's consolidated financial statements. Accounting Standards Update ASU 2016-09 – In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting , which simplifies several aspects of the accounting for employee share-based payments, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. For public entities, ASU 2016-09 is effective for annual reporting periods, including interim periods within those annual reporting periods, beginning after December 15, 2016. The Company is currently evaluating this guidance to determine the impact on the Company's consolidated financial statements. Accounting Standards Update ASU 2016-13 – In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments (Topic 326), which improves financial reporting by requiring timely recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. ASU 2016-13 requires the measurement of all expected credit losses for financial assets not recorded at fair value based on historical experience, current conditions, and reasonable and supportable forecasts. For public entities that are SEC filers, ASU 2016-13 is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. This standard will be required to be implemented through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the amendments are effective. The Company is currently evaluating this guidance to determine the impact on the Company's consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Changes in Components of Company's Accumulated Other Comprehensive Loss, Net of Income Taxes	The changes in the components of the Company’s accumulated other comprehensive loss, net of income taxes, are presented as follows: (Dollars in thousands) Beginning Balance OCI Before Reclassification Amount Reclassified Net OCI Ending Balance Three Months Ended June 30, 2016 Unrealized gain on securities $ 931 $ 1,164 $ (454 ) $ 710 $ 1,641 Benefit plan liability (5,326 ) (110 ) 110 - (5,326 ) Accumulated other comprehensive income (loss), net of tax $ (4,395 ) $ 1,054 $ (344 ) $ 710 $ (3,685 ) Three Months Ended June 30, 2015 Unrealized gain (loss) on securities $ 631 $ (1,048 ) $ (90 ) $ (1,138 ) $ (507 ) Benefit plan liability (5,926 ) (122 ) 122 - (5,926 ) Accumulated other comprehensive income (loss), net of tax $ (5,295 ) $ (1,170 ) $ 32 $ (1,138 ) $ (6,433 ) Six Months Ended June 30, 2016 Unrealized gain on securities $ 265 $ 2,119 $ (743 ) $ 1,376 $ 1,641 Benefit plan liability (5,326 ) (220 ) 220 - (5,326 ) Accumulated other comprehensive income (loss), net of tax $ (5,061 ) $ 1,899 $ (523 ) $ 1,376 $ (3,685 ) Six Months Ended June 30, 2015 Unrealized gain (loss) on securities $ 124 $ (506 ) $ (125 ) $ (631 ) $ (507 ) Benefit plan liability (5,926 ) (244 ) 244 - (5,926 ) Accumulated other comprehensive income (loss), net of tax $ (5,802 ) $ (750 ) $ 119 $ (631 ) $ (6,433 )
Reclassification of Accumulated Other Comprehensive Income	The Company’s reclassifications out of accumulated other comprehensive income are as follows: Details About Accumulated Other Comprehensive Income Components Amount Reclassified From Accumulated Other Comprehensive Income Affected Line Item In The Statement Where Net Income Is Presented (Dollars in thousands) Three Months Ended June 30, 2016 Three Months Ended June 30, 2015 Reclassification of securities gains recognized in net income $ (716 ) $ (143 ) Gain on sale of investment securities Deferred income tax expense 262 53 Income tax provision Total reclassifications for the period $ (454 ) $ (90 ) Net of tax Net periodic pension benefit $ 174 $ 194 Salaries and employee benefits Deferred income tax expense (64 ) (72 ) Income tax provision Total reclassifications for the period $ 110 $ 122 Net of tax (Dollars in thousands) Six Months Ended June 30, 2016 Six Months Ended June 30, 2015 Reclassification of securities gains recognized in net income $ (1,172 ) $ (199 ) Gain on sale of investment securities Deferred income tax expense 429 74 Income tax provision Total reclassifications for the period $ (743 ) $ (125 ) Net of tax Net periodic pension benefit $ 347 $ 389 Salaries and employee benefits Deferred income tax expense (127 ) (145 ) Income tax provision Total reclassifications for the period $ 220 $ 244 Net of tax
Net Income per Common Share	Net income per common share has been computed based on the following: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands, except per share data) 2016 2015 2016 2015 Numerator: Net income $ 1,696 $ 865 $ 2,817 $ 1,487 Denominator: Weighted average common shares outstanding 3,985,922 4,378,411 3,985,698 4,378,411 Less: Weighted average unvested restricted shares (81,313 ) (121,610 ) (89,229 ) (129,565 ) Less: Weighted average unallocated ESOP shares (302,160 ) (333,602 ) (306,062 ) (337,471 ) Weighted average common shares used to compute net income per common share – Basic 3,602,449 3,923,199 3,590,407 3,911,375 Add: Effect of dilutive securities 140,009 90,133 140,909 83,715 Weighted average common shares used to compute net income per common share – Diluted 3,742,458 4,013,332 3,731,316 3,995,090 Net income per common share – Basic $ 0.47 $ 0.22 $ 0.78 $ 0.38 Net income per common share – Diluted $ 0.45 $ 0.21 $ 0.75 $ 0.37

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2016
INVESTMENT SECURITIES [Abstract]
Securities Available for Sale	The maturities, amortized cost, unrealized gains, unrealized losses and fair values of securities available for sale are as follows: Type And Maturity Group (Dollars in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value June 30, 2016 U.S. Government Sponsored Enterprise (GSE) and agency securities due - After 1 year but within 5 years $ 2,115 $ 17 $ - $ 2,132 Asset-backed securities issued by the Small Business Administration (SBA) 5,149 32 (10 ) 5,171 Residential mortgage-backed securities issued by GSEs (1) 47,740 382 (245 ) 47,877 State and local government securities due - After 10 years 48,772 2,442 (42 ) 51,172 Mutual funds 768 14 - 782 Total $ 104,544 $ 2,887 $ (297 ) $ 107,134 December 31, 2015 U.S. Government Sponsored Enterprise (GSE) and agency securities due - After 1 year but within 5 years $ 2,135 $ - $ (21 ) $ 2,114 Asset-backed securities issued by the Small Business Administration (SBA) 16,974 187 (17 ) 17,144 Residential mortgage-backed securities issued by GSEs (1) 51,726 29 (807 ) 50,948 State and local government securities due - After 1 year but within 5 years 682 4 - 686 After 5 years but within 10 years 8,714 222 - 8,936 After 10 years 56,146 835 (12 ) 56,969 Mutual funds 760 - (2 ) 758 Total $ 137,137 $ 1,277 $ (859 ) $ 137,555 (1) Residential mortgage-backed securities were issued by United States government sponsored enterprises including the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, or Government National Mortgage Association. The Company held no private label residential mortgage-backed securities at June 30, 2016 and December 31, 2015 or during the six- and twelve-month periods, respectively, then ended.
Securities Held to Maturity	The maturities, amortized cost, unrealized gains, unrealized losses and fair values of securities classified as held to maturity are as follows: Type And Maturity Group (Dollars in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value June 30, 2016 U.S. GSE and agency securities due - After 1 year but within 5 years $ 1,016 $ 37 $ - $ 1,053 Residential mortgage-backed securities issued by GSEs (1) 282 22 - 304 State and local government securities due - After 5 years but within 10 years 2,437 247 - 2,684 Total $ 3,735 $ 306 $ - $ 4,041 December 31, 2015 U.S. GSE and agency securities due - After 1 year but within 5 years $ 1,024 $ 46 $ - $ 1,070 Residential mortgage-backed securities issued by GSEs (1) 351 25 - 376 State and local government securities due - After 5 years but within 10 years 965 89 - 1,054 After 10 years 1,469 117 - 1,586 Total $ 3,809 $ 277 $ - $ 4,086 (1) Residential mortgage-backed securities were issued by United States government sponsored enterprises including the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, or Government National Mortgage Association. The Company held no private label residential mortgage-backed securities at June 30, 2016 and December 31, 2015 or during the six- and twelve-month periods, respectively, then ended.
Investment Gross Unrealized Losses and Fair Value	The following tables show investment gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2016 and December 31, 2015. The total number of securities with unrealized losses at June 30, 2016 and December 31, 2015 were 17 and 34, respectively. The unrealized losses relate to debt and equity securities that have incurred fair value reductions due to higher market interest rates since the securities were purchased. The unrealized losses are not likely to reverse unless and until market interest rates decline to the levels that existed when the securities were purchased. Management has the intent to hold securities with unrealized losses until a recovery of the market value occurs. Management has determined that it is more likely than not that the Company will not be required to sell any of the securities with unrealized losses prior to a recovery of market value sufficient to negate the unrealized loss. Management has analyzed the creditworthiness of the underlying issuers and determined that the Company will collect all contractual cash flows and, therefore, all impairment is considered to be temporary. June 30, 2016 Less Than 12 Months 12 Months Or More Total (Dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Securities Available For Sale Asset-backed SBA $ 550 $ (2 ) $ 735 $ (8 ) $ 1,285 $ (10 ) Residential mortgage- backed GSE (1) 4,289 (28 ) 18,655 (217 ) 22,944 (245 ) State and local government 4,444 (42 ) - - 4,444 (42 ) Total temporarily impaired securities $ 9,283 $ (72 ) $ 19,390 $ (225 ) $ 28,673 $ (297 ) (1) Residential mortgage-backed securities were issued by United States government sponsored enterprises including the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, or Government National Mortgage Association. The Company held no private label residential mortgage-backed securities at June 30, 2016 or during the six-month period then ended. December 31, 2015 Less Than 12 Months 12 Months Or More Total (Dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Securities Available For Sale US GSE and agency $ 1,018 $ (6 ) $ 1,096 $ (15 ) $ 2,114 $ (21 ) Asset-backed SBA 623 (1 ) 1,821 (16 ) 2,444 (17 ) Residential mortgage-backed GSE (1) 36,960 (672 ) 9,591 (135 ) 46,551 (807 ) State and local government 3,721 (5 ) 557 (7 ) 4,278 (12 ) Mutual funds 760 (2 ) - - 760 (2 ) Total temporarily impaired securities $ 43,082 $ (686 ) $ 13,065 $ (173 ) $ 56,147 $ (859 ) (1) Residential mortgage-backed securities were issued by United States government sponsored enterprises including the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, or Government National Mortgage Association. The Company held no private label residential mortgage-backed securities at December 31, 2015 or during the twelve-month period then ended.
Investment Securities Pledged as Collateral	Investment securities pledged as collateral follows: (Dollars in thousands) June 30, 2016 December 31, 2015 Pledged to Federal Reserve Discount Window $ 9,381 $ 14,533 Pledged to repurchase agreements for commercial customers 993 1,131
Interest Income from Taxable and Tax-Exempt Securities Recognized in Interest and Dividend Income	Interest income from taxable and tax-exempt securities recognized in interest and dividend income follows: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2016 2015 2016 2015 Interest income from taxable securities $ 213 $ 246 $ 434 $ 551 Interest income from tax-exempt securities 347 311 714 574 Total interest income from securities $ 560 $ 557 $ 1,148 $ 1,125
Proceeds and Gross Realized Gains and Losses from Sales of Securities Recognized in Net Income	Proceeds and gross realized gains from sales of securities recognized in net income follow: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2016 2015 2016 2015 Proceeds from sales of securities $ 31,902 $ 32,089 $ 50,150 $ 50,624 Gross realized gains from sales of securities 746 341 1,216 465 Gross realized losses from sales of securities (30 ) (198 ) (44 ) (266 )

LOANS RECEIVABLE (Tables)

LOANS RECEIVABLE (Tables)	6 Months Ended
	Jun. 30, 2016
LOANS RECEIVABLE [Abstract]
Loans Receivable by Segment and Class	Loans receivable by segment and class follow: (Dollars in thousands) June 30, 2016 December 31, 2015 Commercial: Commercial construction and land development $ 30,116 $ 38,313 Commercial mortgage 240,091 209,397 Commercial and industrial 23,420 22,878 Total commercial 293,627 270,588 Non-commercial: Non-commercial construction and land development 18,375 16,587 Residential mortgage 200,501 186,839 Revolving mortgage 65,405 66,258 Consumer 28,700 36,291 Total non-commercial 312,981 305,975 Total loans receivable 606,608 576,563 Less: Deferred loan fees (396 ) (476 ) Total loans receivable net of deferred loan fees 606,212 576,087 Less: Allowance for loan losses (6,583 ) (6,289 ) Loans receivable, net $ 599,629 $ 569,798
Loans Receivable by Segment, Class, and Grade	Loans receivable by segment, class, and grade follow: (Dollars in thousands) Pass Special Mention Substandard Doubtful Loss Total Loans June 30, 2016 Commercial: Commercial construction and land development $ 29,969 $ 141 $ 6 $ - $ - $ 30,116 Commercial mortgage 227,858 11,240 993 - - 240,091 Commercial and industrial 22,339 874 207 - - 23,420 Total commercial 280,166 12,255 1,206 - - 293,627 Non-commercial: Non-commercial construction and land development 18,375 - - - - 18,375 Residential mortgage 191,868 6,437 2,196 - - 200,501 Revolving mortgage 61,948 2,952 505 - - 65,405 Consumer 28,216 453 31 - - 28,700 Total non-commercial 300,407 9,842 2,732 - - 312,981 Total loans receivable $ 580,573 $ 22,097 $ 3,938 $ - $ - $ 606,608 December 31, 2015 Commercial: Commercial construction and land development $ 38,168 $ 145 $ - $ - $ - $ 38,313 Commercial mortgage 195,551 12,412 1,434 - - 209,397 Commercial and industrial 21,709 942 227 - - 22,878 Total commercial 255,428 13,499 1,661 - - 270,588 Non-commercial: Non-commercial construction and land development 16,587 - - - - 16,587 Residential mortgage 178,403 6,674 1,762 - - 186,839 Revolving mortgage 62,922 2,812 524 - - 66,258 Consumer 35,847 415 29 - - 36,291 Total non-commercial 293,759 9,901 2,315 - - 305,975 Total loans receivable $ 549,187 $ 23,400 $ 3,976 $ - $ - $ 576,563
Loans Receivable by Segment, Class, and Delinquency Status	Loans receivable by segment, class, and delinquency status follow: Past Due (Dollars in thousands) 31-89 Days 90 Days Or More Total Current Total Loans June 30, 2016 Commercial: Commercial construction and land development $ - $ 6 $ 6 $ 30,110 $ 30,116 Commercial mortgage - - - 240,091 240,091 Commercial and industrial 3 71 74 23,346 23,420 Total commercial 3 77 80 293,547 293,627 Non-commercial: Non-commercial construction and land development - - - 18,375 18,375 Residential mortgage 386 1,464 1,850 198,651 200,501 Revolving mortgage 211 97 308 65,097 65,405 Consumer 144 20 164 28,536 28,700 Total non-commercial 741 1,581 2,322 310,659 312,981 Total loans receivable $ 744 $ 1,658 $ 2,402 $ 604,206 $ 606,608 December 31, 2015 Commercial: Commercial construction and land development $ - $ - $ - $ 38,313 $ 38,313 Commercial mortgage - 496 496 208,901 209,397 Commercial and industrial - 87 87 22,791 22,878 Total commercial - 583 583 270,005 270,588 Non-commercial: Non-commercial construction and land development - - - 16,587 16,587 Residential mortgage 685 1,193 1,878 184,961 186,839 Revolving mortgage 104 98 202 66,056 66,258 Consumer 151 - 151 36,140 36,291 Total non-commercial 940 1,291 2,231 303,744 305,975 Total loans receivable $ 940 $ 1,874 $ 2,814 $ 573,749 $ 576,563
Recorded Investment in Loans by Segment and Class Not Accruing Interest or 90 Days or More Past Due and Accruing Interest	The recorded investment in loans, by segment and class, that are not accruing interest or are 90 days or more past due and still accruing interest follows: June 30, 2016 December 31, 2015 (Dollars in thousands) Nonaccruing Past Due 90 Days Or More And Still Accruing Nonaccruing Past Due 90 Days Or More And Still Accruing Commercial: Commercial construction and land development $ 6 $ - $ - $ - Commercial mortgage 387 - 818 - Commercial and industrial 207 - 227 - Total commercial 600 - 1,045 - Non-commercial: Residential mortgage 1,680 - 1,309 - Revolving mortgage 181 - 194 - Consumer 20 - - - Total non-commercial 1,881 - 1,503 - Total loans receivable $ 2,481 $ - $ 2,548 $ -
Loans Made to Directors and Executive Officers	Loans made to directors and executive officers in the ordinary course of business with terms consistent with those offered to the Bank’s other customers follow: (Dollars in thousands) June 30, 2016 December 31, 2015 Director and executive officer loans, beginning of period $ 3,530 $ 4,022 New loans 71 718 Repayments of loans (168 ) (1,210 ) Director and executive officer loans, end of period $ 3,433 $ 3,530

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	6 Months Ended
	Jun. 30, 2016
ALLOWANCE FOR LOAN LOSSES [Abstract]
Allowance for Loan Losses by Segment	An analysis of the allowance for loan losses by segment follows: Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 (Dollars in thousands) Commercial Non- Commercial Total Commercial Non- Commercial Total Balance at beginning of period $ 4,179 $ 2,543 $ 6,722 $ 3,710 $ 2,579 $ 6,289 Provision for loan losses 26 78 104 490 13 503 Charge-offs (224 ) (36 ) (260 ) (224 ) (44 ) (268 ) Recoveries 5 12 17 10 49 59 Balance at end of period $ 3,986 $ 2,597 $ 6,583 $ 3,986 $ 2,597 $ 6,583 Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 (Dollars in thousands) Commercial Non- Commercial Total Commercial Non- Commercial Total Balance at beginning of period $ 3,429 $ 2,613 $ 6,042 $ 3,409 $ 2,540 $ 5,949 Provision for (recovery of) loan losses 96 (31 ) 65 92 167 259 Charge-offs - (137 ) (137 ) (79 ) (310 ) (389 ) Recoveries 3 151 154 106 199 305 Balance at end of period $ 3,528 $ 2,596 $ 6,124 $ 3,528 $ 2,596 $ 6,124
Ending Balances of Loans and Related Allowance	Ending balances of loans and the related allowance, by segment and class, follow: Allowance For Loan Losses Total Loans Receivable (Dollars in thousands) Loans Individually Evaluated For Impairment Loans Collectively Evaluated Total Loans Individually Evaluated For Impairment Loans Collectively Evaluated Total June 30, 2016 Commercial: Commercial construction and land development $ - $ 300 $ 300 $ 6 $ 30,110 $ 30,116 Commercial mortgage 18 3,368 3,386 3,331 236,760 240,091 Commercial and industrial 10 290 300 220 23,200 23,420 Total commercial 28 3,958 3,986 3,557 290,070 293,627 Non-commercial: Non-commercial construction and land development - 143 143 - 18,375 18,375 Residential mortgage 32 1,281 1,313 3,331 197,170 200,501 Revolving mortgage 85 749 834 85 65,320 65,405 Consumer - 307 307 - 28,700 28,700 Total non-commercial 117 2,480 2,597 3,416 309,565 312,981 Total loans receivable $ 145 $ 6,438 $ 6,583 $ 6,973 $ 599,635 $ 606,608 December 31, 2015 Commercial: Commercial construction and land development $ - $ 385 $ 385 $ - $ 38,313 $ 38,313 Commercial mortgage 39 2,982 3,021 3,811 205,586 209,397 Commercial and industrial 13 291 304 252 22,626 22,878 Total commercial 52 3,658 3,710 4,063 266,525 270,588 Non-commercial: Non-commercial construction and land development - 139 139 - 16,587 16,587 Residential mortgage 42 1,140 1,182 2,895 183,944 186,839 Revolving mortgage 86 788 874 97 66,161 66,258 Consumer - 384 384 - 36,291 36,291 Total non-commercial 128 2,451 2,579 2,992 302,983 305,975 Total loans receivable $ 180 $ 6,109 $ 6,289 $ 7,055 $ 569,508 $ 576,563
Impaired Loans and Related Allowance	Impaired loans and the related allowance, by segment and class, follow: Recorded Investment (Dollars in thousands) Unpaid Principal Balance With A Recorded Allowance With No Recorded Allowance Total Related Recorded Allowance June 30, 2016 Commercial: Commercial construction and land development $ 6 $ - $ 6 $ 6 $ - Commercial mortgage 3,493 2,944 387 3,331 18 Commercial and industrial 706 135 85 220 10 Total commercial 4,205 3,079 478 3,557 28 Non-commercial: Residential mortgage 3,402 1,152 2,179 3,331 32 Revolving mortgage 96 85 - 85 85 Total non-commercial 3,498 1,237 2,179 3,416 117 Total impaired loans $ 7,703 $ 4,316 $ 2,657 $ 6,973 $ 145 December 31, 2015 Commercial: Commercial mortgage $ 3,934 $ 3,315 $ 496 $ 3,811 $ 39 Commercial and industrial 722 140 112 252 13 Total commercial 4,656 3,455 608 4,063 52 Non-commercial: Residential mortgage 2,965 2,125 770 2,895 42 Revolving mortgage 107 86 11 97 86 Total non-commercial 3,072 2,211 781 2,992 128 Total impaired loans $ 7,728 $ 5,666 $ 1,389 $ 7,055 $ 180
Average Recorded Investment in Impaired Loans and Interest Income Recognized on Impaired Loans	The average recorded investment in impaired loans and interest income recognized on impaired loans follows: Three Months Ended June 30, 2016 Three Months Ended June 30, 2015 (Dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial: Commercial construction and land development $ 126 $ - $ - $ - Commercial mortgage 3,344 32 3,902 33 Commercial and industrial 226 - 289 - Total commercial 3,696 32 4,191 33 Non-commercial: Residential mortgage 2,997 14 3,402 18 Revolving mortgage 85 - 301 - Total non-commercial 3,082 14 3,703 18 Total loans receivable $ 6,778 $ 46 $ 7,894 $ 51 Six Months Ended June 30, 2016 Six Months Ended June 30, 2015 (Dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial: Commercial construction and land development $ 126 $ - $ - $ - Commercial mortgage 3,496 64 3,924 66 Commercial and industrial 235 - 321 1 Total commercial 3,857 64 4,245 67 Non-commercial: Residential mortgage 2,942 28 3,142 42 Revolving mortgage 89 - 329 - Total non-commercial 3,031 28 3,471 42 Total loans receivable $ 6,888 $ 92 $ 7,716 $ 109
Summary of Recorded Investment in TDRs	The following table summarizes the Bank’s recorded investment in TDRs before and after their modifications during the periods indicated. No loans were restructured during the three months ended June 30, 2016 or June 30, 2015, and no loans were restructured during the six months ended June 30, 2016. The Bank reduced the interest rate below market levels on one loan and extended payment terms on one loan during the six months ended June 30, 2015. Six Months Ended June 30, 2016 Six Months Ended June 30, 2015 (Dollars in thousands) Number Of Loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number Of Loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Below market interest rate Commercial: Commercial and industrial - $ - $ - 1 $ 153 $ 153 Total commercial - - - 1 153 153 Total loans modified with below market interest rate - - - 1 153 153 Extended payment terms Non-commercial: Residential mortgage - - - 1 29 42 Total non-commercial - - - 1 29 42 Total loans modified with extended payment terms - - - 1 29 42 Total loans modified - $ - $ - 2 $ 182 $ 195
Loans That Were Considered to Be TDRs	The Bank’s loans that were considered to be TDRs follow: (Dollars in thousands) June 30, 2016 December 31, 2015 Nonperforming restructured loans $ 536 $ 979 Performing restructured loans 4,471 4,552 Total $ 5,007 $ 5,531

BENEFIT PLANS (Tables)

BENEFIT PLANS (Tables)	6 Months Ended
	Jun. 30, 2016
BENEFIT PLANS [Abstract]
Net Periodic Benefit Cost Related to Defined Benefit Plans	Net periodic cost related to defined benefit plans include the following components for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2016 2015 2016 2015 Non-Qualified Defined Benefit Plan Components of Net Periodic Benefit Costs: Interest cost $ 14 $ 14 $ 28 $ 27 Amortization of net loss 11 14 23 29 Net periodic pension cost $ 25 $ 28 $ 51 $ 56 Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2016 2015 2016 2015 Qualified Defined Benefit Plan Components of Net Periodic Benefit Costs: Interest cost $ 237 $ 247 $ 472 $ 495 Expected return on plan assets (202 ) (236 ) (401 ) (472 ) Amortization of net loss 163 180 324 360 Net periodic pension cost $ 198 $ 191 $ 395 $ 383
Employee Stock Ownership Plan	Shares held by the ESOP include the following: June 30, 2016 Allocated ESOP shares, December 31, 2015 118,694 ESOP shares committed to be released during the period 15,608 Unallocated ESOP shares 298,258 Total ESOP shares 432,560 Fair value of unallocated ESOP shares (dollars in thousands) $ 7,316 As ESOP shares are earned by the participants, the Company recognizes compensation expense equal to the fair value of the earned ESOP shares during the periods in which they become committed to be released. Total expense recognized in connection with the ESOP follows: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2016 2015 2016 2015 ESOP expense $ 194 $ 165 $ 387 $ 323
Restricted Stock Award Activity	The table below presents restricted stock award activity for the periods indicated: Restricted Stock Awards Weighted Average Grant Date Fair Value Unvested restricted shares at December 31, 2015 121,610 $ 15.75 Vested and released to participants (40,297 ) 15.74 Unvested restricted shares at June 30, 2016 81,313 $ 15.76
Stock Option Activity	The table below presents stock option activity for the periods indicated: Stock Options Available For Granting Stock Options Outstanding Weighted Average Exercise Price Remaining Contractual Life (In Years) Aggregate Intrinsic Value (In Thousands) Outstanding at December 31, 2015 60,355 450,500 $ 16.03 7.24 $ 4,473 Exercised - (5,000 ) 15.71 Outstanding at June 30, 2016 60,355 445,500 $ 16.03 6.75 $ 3,786 Options exercisable at June 30, 2016 249,900 $ 15.88 6.68 $ 2,162

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2016
COMMITMENTS AND CONTINGENCIES [Abstract]
Commitments to Extend or Originate Credit and Under Standby Letters of Credit	The Bank’s commitments to extend or originate credit and under standby letters of credit follow: (Dollars in thousands) June 30, 2016 December 31, 2015 Financial instruments whose contract amounts represent credit risk: Commitments to extend or originate credit $ 189,907 $ 171,339 Commitments under standby letters of credit 660 120 Total $ 190,567 $ 171,459

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2016
FAIR VALUE MEASUREMENTS [Abstract]
Estimated Fair Values and Carrying Amounts of Financial Instruments	The estimated fair values and carrying amounts of financial instruments follow: Fair Value Measurement Using Total (Dollars in thousands) Level 1 Level 2 Level 3 Estimated Fair Value Carrying Amount In Balance Sheet June 30, 2016 Financial assets: Cash and cash equivalents $ 51,561 $ - $ - $ 51,561 $ 51,561 Securities available for sale 782 106,352 - 107,134 107,134 Securities held to maturity - 4,041 - 4,041 3,735 Investments in FHLB stock - - 2,829 2,829 2,829 Loans held for sale - 4,430 - 4,430 4,323 Loans receivable, net - - 606,059 606,059 599,629 Accrued interest receivable - - 2,116 2,116 2,116 Deferred compensation assets 1,320 - - 1,320 1,320 Financial liabilities: Demand deposits - - 505,438 505,438 505,438 Time deposits - - 135,248 135,248 135,247 Repurchase agreements - - 450 450 450 Federal Home Loan Bank Advances - - 51,654 51,654 50,000 Deferred compensation liabilities 1,323 - - 1,323 1,323 Accrued interest payable - - 122 122 122 Financial instruments whose contract amounts represent credit risk: Commitments to extend or originate credit - - - - - Commitments under standby letters of credit - - - - - Fair Value Measurement Using Total (Dollars in thousands) Level 1 Level 2 Level 3 Estimated Fair Value Carrying Amount In Balance Sheet December 31, 2015 Financial assets: Cash and cash equivalents $ 33,401 $ - $ - $ 33,401 $ 33,401 Securities available for sale 758 136,797 - 137,555 137,555 Securities held to maturity - 4,086 - 4,086 3,809 Investments in FHLB stock - - 2,807 2,807 2,807 Loans held for sale - 7,169 - 7,169 7,018 Loans receivable, net - - 572,286 572,286 569,798 Accrued interest receivable - - 2,456 2,456 2,456 Deferred compensation assets 1,359 - - 1,359 1,359 Financial liabilities: Demand deposits - - 495,628 495,628 495,628 Time deposits - - 135,212 135,212 135,276 Repurchase agreements - - 324 324 327 Federal Home Loan Bank Advances - - 52,116 52,116 50,000 Deferred compensation liabilities 1,365 - - 1,365 1,365 Accrued interest payable - - 121 121 121 Financial instruments whose contract amounts represent credit risk: Commitments to extend or originate credit - - - - - Commitments under standby letters of credit - - - - -
Assets and Liabilities Recorded at Fair Value on Recurring Basis	Below is a table that presents information about certain assets and liabilities measured at fair value on a recurring basis. There were no transfers to or from Levels 1 and 2 during the six months ended June 30, 2016 and June 30, 2015. (Dollars in thousands) Fair Value Measurement Using Total Description Level 1 Level 2 Level 3 Carrying Amount In Balance Sheets Assets/ Liabilities Measured At Fair Value June 30, 2016 Securities available for sale: U.S. GSE and agency securities $ - $ 2,132 $ - $ 2,132 $ 2,132 Asset-backed SBA securities - 5,171 - 5,171 5,171 Residential mortgage-backed securities issued by GSEs - 47,877 - 47,877 47,877 State and local government securities - 51,172 - 51,172 51,172 Mutual funds 782 - - 782 782 Total $ 782 $ 106,352 $ - $ 107,134 $ 107,134 Defined benefit plan assets: Cash and cash equivalents $ 738 $ - $ - Money market mutual funds 2,273 - - Debt security mutual funds 14,121 - - Total $ 17,132 $ - $ - December 31, 2015 Securities available for sale: U.S. GSE and agency securities $ - $ 2,114 $ - $ 2,114 $ 2,114 Asset-backed SBA securities - 17,144 - 17,144 17,144 Residential mortgage-backed securities issued by GSEs - 50,948 - 50,948 50,948 State and local government securities - 66,591 - 66,591 66,591 Mutual funds 758 - - 758 758 Total $ 758 $ 136,797 $ - $ 137,555 $ 137,555 Defined benefit plan assets: Cash and cash equivalents $ 652 $ - $ - Money market mutual funds 145 - - Debt security mutual funds 12,089 - - Equity security mutual funds 3,231 - - Defined benefit plan liabilities: Administrative Fees 8 - - Total $ 16,109 $ - $ -
Assets Recorded at Fair Value on Nonrecurring Basis	As may be required from time to time, certain assets may be recorded at fair value on a nonrecurring basis in certain circumstances such as evidence of impairment in accordance with U.S. GAAP. Assets measured at fair value on a nonrecurring basis segregated by the level of the valuation inputs within the fair value hierarchy that were held for the periods indicated are in the table below. (Dollars in thousands) Fair Value Measurement Using Total Description Level 1 Level 2 Level 3 Carrying Amount In Balance Sheets (1) Assets/ Liabilities Measured At Fair Value (1) June 30, 2016 Impaired loans $ - $ - $ 1,635 $ 1,635 $ 1,635 Foreclosed properties - - 1,529 1,529 1,529 December 31, 2015 Impaired loans $ - $ - $ 1,876 $ 1,876 $ 1,876 Foreclosed properties - - 1,682 1,682 1,682 (1) Properties recorded at cost and not market are excluded.
Quantitative Information about Financial and Nonfinancial Assets Measured at Fair Value on Nonrecurring	The following table presents quantitative information about financial and nonfinancial assets measured at fair value on a nonrecurring basis using Level 3 valuation inputs: Discount (Dollars in thousands) Fair Value (1) Valuation Technique Unobservable Input Range (Weighted Average) June 30, 2016 Impaired loans $ 1,635 Discounted appraisals (2) Collateral discounts (3) 0%-36% (15 %) Foreclosed properties 1,529 Discounted appraisals (2) Collateral discounts (3) 0%-22% (10 %) December 31, 2015 Impaired loans $ 1,876 Discounted appraisals (2) Collateral discounts (3) 0%-36% (21 %) Foreclosed properties 1,682 Discounted appraisals (2) Collateral discounts (3) 0%-22% (5 %) (1) Properties recorded at cost and not market are excluded. (2) Fair value is generally based on appraisals of the underlying collateral. (3) Appraisals of collateral may be adjusted by management for customized discounting criteria, estimated sales costs, and proprietary qualitative adjustments.

SUMMARY OF SIGNIFICANT ACCOUN24

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Jun. 30, 2016Subsidiary
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Number of wholly owned subsidiaries	2

SUMMARY OF SIGNIFICANT ACCOUN25

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Allowance for Loan Losses (Details)	6 Months Ended
	Jun. 30, 2016
Allowance for Loan Losses [Abstract]
Period of average historical losses used in determining estimated loss percentage of loans	3 years
Number of consecutive months or payment cycles of performance after which concern no longer exists as to future collectability of principal and interest	6 months
Period of discovery within which loans determined to be fraudulent are charged off	90 days
Period of receipt of notification from bankruptcy court within which loans to borrowers in bankruptcy are charged off	60 days
Number of days past due after which loans to borrowers in bankruptcy are charged off	120 days
Consumer Loans [Member] | Closed-End Consumer Loans [Member]
Allowance for Loan Losses [Abstract]
Number of cumulative days past due after which loans are charged off	120 days
Consumer Loans [Member] | Open-End Consumer Loans [Member]
Allowance for Loan Losses [Abstract]
Number of cumulative days past due after which loans are charged off	180 days
Residential Loans [Member] | Closed-End Real Estate Loan [Member]
Allowance for Loan Losses [Abstract]
Number of cumulative days past due after which loans are charged off	180 days
Residential Loans [Member] | Open-End Real Estate Loan [Member]
Allowance for Loan Losses [Abstract]
Number of cumulative days past due after which loans are charged off	180 days

SUMMARY OF SIGNIFICANT ACCOUN26

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Changes in Components of Company's Accumulated Other Comprehensive Loss, Net of Income Taxes (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	[1]			$ 89,682
OCI before reclassification		$ 1,054	$ (1,170)	1,899	$ (750)
Amount reclassified		(344)	32	(523)	119
Net OCI		710	(1,138)	1,376	(631)
Ending balance		94,907		94,907
Accumulated Other Comprehensive Income (Loss), Net of Tax [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(4,395)	(5,295)	(5,061)	(5,802)
Net OCI				1,376
Ending balance		(3,685)	(6,433)	(3,685)	(6,433)
Unrealized Gain (Loss) on Securities [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		931	631	265	124
OCI before reclassification		1,164	(1,048)	2,119	(506)
Amount reclassified		(454)	(90)	(743)	(125)
Net OCI		710	(1,138)	1,376	(631)
Ending balance		1,641	(507)	1,641	(507)
Benefit Plan Liability [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(5,326)	(5,926)	(5,326)	(5,926)
OCI before reclassification		(110)	(122)	(220)	(244)
Amount reclassified		110	122	220	244
Net OCI		0	0	0	0
Ending balance		$ (5,326)	$ (5,926)	$ (5,326)	$ (5,926)
[1]	Derived from audited consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN27

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Reclassifications of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain on sale of investment securities	$ (716)	$ (143)	$ (1,172)	$ (199)
Salaries and employee benefits	3,271	3,344	6,584	6,688
Income tax provision	940	437	1,541	752
Net of tax	(1,696)	(865)	(2,817)	(1,487)
Reclassification of Securities Gains Recognized in Net Income [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain on sale of investment securities	(716)	(143)	(1,172)	(199)
Income tax provision	262	53	429	74
Net of tax	(454)	(90)	(743)	(125)
Net Periodic Pension Benefit [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Salaries and employee benefits	174	194	347	389
Income tax provision	(64)	(72)	(127)	(145)
Net of tax	$ 110	$ 122	$ 220	$ 244

SUMMARY OF SIGNIFICANT ACCOUN28

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Pension Plan (Details)	6 Months Ended
	Jun. 30, 2016Plan
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Number of noncontributory pension plans	2

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Employee Stock Ownership Plan ("ESOP") and Equity Incentive Plan (Details) - shares	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
2012 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)	0	0
Employee Stock Ownership Plan [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
ESOP minimum annual service hours required	1000 hours
ESOP minimum age required to participate	21 years
Annual vesting rate	20.00%
ESOP service years to begin vesting	2 years
ESOP service years to fully vest	6 years
ESOP loan amortization period	15 years

SUMMARY OF SIGNIFICANT ACCOUN30

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Net Income per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Numerator [Abstract]
Net income	$ 1,696	$ 865	$ 2,817	$ 1,487
Denominator [Abstract]
Weighted average common shares outstanding (in shares)	3,985,922	4,378,411	3,985,698	4,378,411
Less: Weighted average unvested restricted shares (in shares)	(81,313)	(121,610)	(89,229)	(129,565)
Less: Weighted average unallocated ESOP shares (in shares)	(302,160)	(333,602)	(306,062)	(337,471)
Weighted average common shares used to compute net income per common share - Basic (in shares)	3,602,449	3,923,199	3,590,407	3,911,375
Add: Effect of dilutive securities (in shares)	140,009	90,133	140,909	83,715
Weighted average common shares used to compute net income per common share - Diluted (in shares)	3,742,458	4,013,332	3,731,316	3,995,090
Net income per common share - Basic (in dollars per share)	$ 0.47	$ 0.22	$ 0.78	$ 0.38
Net income per common share - Diluted (in dollars per share)	$ 0.45	$ 0.21	$ 0.75	$ 0.37
Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the computation of diluted net income per share (in shares)	0	5,393	0	5,393
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the computation of diluted net income per share (in shares)	0	0	0	0

INVESTMENT SECURITIES, Securiti

INVESTMENT SECURITIES, Securities Available For Sale (Details) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		$ 104,544	$ 137,137	[1]
Unrealized gains		2,887	1,277
Unrealized losses		(297)	(859)
Fair value		107,134	137,555	[1]
U.S. Government Sponsored Enterprise (GSE) and Agency Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
After 1 year but within 5 years, amortized cost		2,115	2,135
After 1 year but within 5 years, unrealized gains		17	0
After 1 year but within 5 years, unrealized losses		0	(21)
After 1 year but within 5 years, fair value		2,132	2,114
Asset-backed Securities Issued by the Small Business Administration (SBA) [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		5,149	16,974
Unrealized gains		32	187
Unrealized losses		(10)	(17)
Fair value		5,171	17,144
Residential Mortgage-backed Securities Issued by GSEs [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	[2]	47,740	51,726
Unrealized gains	[2]	382	29
Unrealized losses	[2]	(245)	(807)
Fair value	[2]	47,877	50,948
State and Local Government Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
After 1 year but within 5 years, amortized cost			682
After 1 year but within 5 years, unrealized gains			4
After 1 year but within 5 years, unrealized losses			0
After 1 year but within 5 years, fair value			686
After 5 years but within 10 years, amortized cost			8,714
After 5 years but within 10 years, unrealized gains			222
After 5 years but within 10 years, unrealized losses			0
After 5 years but within 10 years, fair value			8,936
After 10 years, amortized cost		48,772	56,146
After 10 years, unrealized gains		2,442	835
After 10 years, unrealized losses		(42)	(12)
After 10 years, fair value		51,172	56,969
Mutual Funds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		768	760
Unrealized gains		14	0
Unrealized losses		0	(2)
Fair value		$ 782	$ 758
[1]	Derived from audited consolidated financial statements.
[2]	Residential mortgage-backed securities were issued by United States government sponsored enterprises including the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, or Government National Mortgage Association. The Company held no private label residential mortgage-backed securities at June 30, 2016 and December 31, 2015 or during the six- and twelve-month periods, respectively, then ended.

INVESTMENT SECURITIES, Securi32

INVESTMENT SECURITIES, Securities Held to Maturity (Details) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost		$ 3,735	$ 3,809	[1]
Unrealized gains		306	277
Unrealized losses		0	0
Fair value		4,041	4,086	[1]
U.S. GSE and Agency Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
After 1 year but within 5 years, amortized cost		1,016	1,024
After 1 year but within 5 years, unrealized gains		37	46
After 1 year but within 5 years, unrealized losses		0	0
After 1 year but within 5 years, fair value		1,053	1,070
Residential Mortgage-backed Securities Issued by GSEs [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	[2]	282	351
Unrealized gains	[2]	22	25
Unrealized losses	[2]	0	0
Fair value	[2]	304	376
State and Local Government Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
After 5 years but within 10 years, amortized cost		2,437	965
After 5 years but within 10 years, unrealized gains		247	89
After 5 years but within 10 years, unrealized losses		0	0
After 5 years but within 10 years, fair value		$ 2,684	1,054
After 10 years, amortized cost			1,469
After 10 years, unrealized gains			117
After 10 years, unrealized losses			0
After 10 years, fair value			$ 1,586
[1]	Derived from audited consolidated financial statements.
[2]	Residential mortgage-backed securities were issued by United States government sponsored enterprises including the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, or Government National Mortgage Association. The Company held no private label residential mortgage-backed securities at June 30, 2016 and December 31, 2015 or during the six- and twelve-month periods, respectively, then ended.

INVESTMENT SECURITIES, Investme

INVESTMENT SECURITIES, Investment Gross Unrealized Losses and Fair Value (Details) $ in Thousands	Jun. 30, 2016USD ($)Security		Dec. 31, 2015USD ($)Security
Securities available for sale in continuous unrealized loss position [Abstract]
Total number of securities with unrealized losses | Security	17		34
U.S. GSE and Agency Securities [Member]
Securities available for sale in continuous unrealized loss position [Abstract]
Less than 12 months, fair value			$ 1,018
Less than 12 months, unrealized losses			(6)
12 months or more, fair value			1,096
12 months or more, unrealized losses			(15)
Total, fair value			2,114
Total, unrealized losses			(21)
Asset-backed SBA Securities [Member]
Securities available for sale in continuous unrealized loss position [Abstract]
Less than 12 months, fair value	$ 550		623
Less than 12 months, unrealized losses	(2)		(1)
12 months or more, fair value	735		1,821
12 months or more, unrealized losses	(8)		(16)
Total, fair value	1,285		2,444
Total, unrealized losses	(10)		(17)
Residential Mortgage-backed GSE [Member]
Securities available for sale in continuous unrealized loss position [Abstract]
Less than 12 months, fair value	4,289	[1]	36,960	[2]
Less than 12 months, unrealized losses	(28)	[1]	(672)	[2]
12 months or more, fair value	18,655	[1]	9,591	[2]
12 months or more, unrealized losses	(217)	[1]	(135)	[2]
Total, fair value	22,944	[1]	46,551	[2]
Total, unrealized losses	(245)	[1]	(807)	[2]
State and Local Government Securities [Member]
Securities available for sale in continuous unrealized loss position [Abstract]
Less than 12 months, fair value	4,444		3,721
Less than 12 months, unrealized losses	(42)		(5)
12 months or more, fair value	0		557
12 months or more, unrealized losses	0		(7)
Total, fair value	4,444		4,278
Total, unrealized losses	(42)		(12)
Mutual Funds [Member]
Securities available for sale in continuous unrealized loss position [Abstract]
Less than 12 months, fair value			760
Less than 12 months, unrealized losses			(2)
12 months or more, fair value			0
12 months or more, unrealized losses			0
Total, fair value			760
Total, unrealized losses			(2)
Temporarily Impaired Securities Available for Sale [Member]
Securities available for sale in continuous unrealized loss position [Abstract]
Less than 12 months, fair value	9,283		43,082
Less than 12 months, unrealized losses	(72)		(686)
12 months or more, fair value	19,390		13,065
12 months or more, unrealized losses	(225)		(173)
Total, fair value	28,673		56,147
Total, unrealized losses	$ (297)		$ (859)
[1]	Residential mortgage-backed securities were issued by United States government sponsored enterprises including the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, or Government National Mortgage Association. The Company held no private label residential mortgage-backed securities at June 30, 2016 or during the six-month period then ended.
[2]	Residential mortgage-backed securities were issued by United States government sponsored enterprises including the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, or Government National Mortgage Association. The Company held no private label residential mortgage-backed securities at December 31, 2015 or during the twelve-month period then ended.

INVESTMENT SECURITIES, Invest34

INVESTMENT SECURITIES, Investment Securities Pledged as Collateral (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair value of investment securities pledged as collateral [Abstract]
Pledged to Federal Reserve Discount Window	$ 9,381	$ 14,533
Pledged to repurchase agreements for commercial customers	$ 993	$ 1,131

INVESTMENT SECURITIES, Interest

INVESTMENT SECURITIES, Interest Income from Taxable and Tax-Exempt Securities Recognized in Interest and Dividend Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest income from taxable and tax-exempt securities recognized in interest and dividend income [Abstract]
Interest income from taxable securities	$ 213	$ 246	$ 434	$ 551
Interest income from tax-exempt securities	347	311	714	574
Total interest income from securities	$ 560	$ 557	$ 1,148	$ 1,125

INVESTMENT SECURITIES, Proceeds

INVESTMENT SECURITIES, Proceeds and Realized Gains and Losses from Sales of Securities Recognized in Net Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Proceeds and gross realized gains from sales of securities recognized in net income [Abstract]
Proceeds from sales of securities	$ 31,902	$ 32,089	$ 50,150	$ 50,624
Gross realized gains from sales of securities	746	341	1,216	465
Gross realized losses from sales of securities	$ (30)	$ (198)	$ (44)	$ (266)

LOANS RECEIVABLE, by Segment an

LOANS RECEIVABLE, by Segment and Class (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015		Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	$ 606,608		$ 576,563
Less: Deferred loan fees	(396)		(476)	[1]
Total loans receivable net of deferred loan fees	606,212		576,087	[1]
Less: Allowance for loan losses	(6,583)	$ (6,722)	(6,289)	[1]	$ (6,124)	$ (6,042)	$ (5,949)
Loans receivable, net	599,629		569,798	[1]
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	293,627		270,588
Less: Allowance for loan losses	(3,986)	(4,179)	(3,710)		(3,528)	(3,429)	(3,409)
Commercial [Member] | Commercial Construction and Land Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	30,116		38,313
Less: Allowance for loan losses	(300)		(385)
Commercial [Member] | Commercial Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	240,091		209,397
Less: Allowance for loan losses	(3,386)		(3,021)
Commercial [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	23,420		22,878
Less: Allowance for loan losses	(300)		(304)
Non-Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	312,981		305,975
Less: Allowance for loan losses	(2,597)	$ (2,543)	(2,579)		$ (2,596)	$ (2,613)	$ (2,540)
Non-Commercial [Member] | Non-Commercial Construction and Land Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	18,375		16,587
Less: Allowance for loan losses	(143)		(139)
Non-Commercial [Member] | Residential Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	200,501		186,839
Less: Allowance for loan losses	(1,313)		(1,182)
Non-Commercial [Member] | Revolving Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	65,405		66,258
Less: Allowance for loan losses	(834)		(874)
Non-Commercial [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	28,700		36,291
Less: Allowance for loan losses	$ (307)		$ (384)
[1]	Derived from audited consolidated financial statements.

LOANS RECEIVABLE, by Segment, C

LOANS RECEIVABLE, by Segment, Class, and Grade (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	$ 606,608	$ 576,563
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	580,573	549,187
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	22,097	23,400
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	3,938	3,976
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	293,627	270,588
Commercial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	280,166	255,428
Commercial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	12,255	13,499
Commercial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	1,206	1,661
Commercial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Commercial [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Commercial [Member] | Commercial Construction and Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	30,116	38,313
Commercial [Member] | Commercial Construction and Land Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	29,969	38,168
Commercial [Member] | Commercial Construction and Land Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	141	145
Commercial [Member] | Commercial Construction and Land Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	6	0
Commercial [Member] | Commercial Construction and Land Development [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Commercial [Member] | Commercial Construction and Land Development [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Commercial [Member] | Commercial Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	240,091	209,397
Commercial [Member] | Commercial Mortgage [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	227,858	195,551
Commercial [Member] | Commercial Mortgage [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	11,240	12,412
Commercial [Member] | Commercial Mortgage [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	993	1,434
Commercial [Member] | Commercial Mortgage [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Commercial [Member] | Commercial Mortgage [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Commercial [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	23,420	22,878
Commercial [Member] | Commercial and Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	22,339	21,709
Commercial [Member] | Commercial and Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	874	942
Commercial [Member] | Commercial and Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	207	227
Commercial [Member] | Commercial and Industrial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Commercial [Member] | Commercial and Industrial [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Non-Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	312,981	305,975
Non-Commercial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	300,407	293,759
Non-Commercial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	9,842	9,901
Non-Commercial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	2,732	2,315
Non-Commercial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Non-Commercial [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Non-Commercial [Member] | Non-Commercial Construction and Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	18,375	16,587
Non-Commercial [Member] | Non-Commercial Construction and Land Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	18,375	16,587
Non-Commercial [Member] | Non-Commercial Construction and Land Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Non-Commercial [Member] | Non-Commercial Construction and Land Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Non-Commercial [Member] | Non-Commercial Construction and Land Development [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Non-Commercial [Member] | Non-Commercial Construction and Land Development [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Non-Commercial [Member] | Residential Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	200,501	186,839
Non-Commercial [Member] | Residential Mortgage [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	191,868	178,403
Non-Commercial [Member] | Residential Mortgage [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	6,437	6,674
Non-Commercial [Member] | Residential Mortgage [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	2,196	1,762
Non-Commercial [Member] | Residential Mortgage [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Non-Commercial [Member] | Residential Mortgage [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Non-Commercial [Member] | Revolving Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	65,405	66,258
Non-Commercial [Member] | Revolving Mortgage [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	61,948	62,922
Non-Commercial [Member] | Revolving Mortgage [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	2,952	2,812
Non-Commercial [Member] | Revolving Mortgage [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	505	524
Non-Commercial [Member] | Revolving Mortgage [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Non-Commercial [Member] | Revolving Mortgage [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Non-Commercial [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	28,700	36,291
Non-Commercial [Member] | Consumer [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	28,216	35,847
Non-Commercial [Member] | Consumer [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	453	415
Non-Commercial [Member] | Consumer [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	31	29
Non-Commercial [Member] | Consumer [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	0
Non-Commercial [Member] | Consumer [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	$ 0	$ 0

LOANS RECEIVABLE, by Segment,39

LOANS RECEIVABLE, by Segment, Class, and Delinquency (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	$ 2,402	$ 2,814
Current	604,206	573,749
Total loans receivable	606,608	576,563
Past Due 31-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	744	940
Past Due 90 Days or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	1,658	1,874
Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	80	583
Current	293,547	270,005
Total loans receivable	293,627	270,588
Commercial [Member] | Past Due 31-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	3	0
Commercial [Member] | Past Due 90 Days or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	77	583
Commercial [Member] | Commercial Construction and Land Development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	6	0
Current	30,110	38,313
Total loans receivable	30,116	38,313
Commercial [Member] | Commercial Construction and Land Development [Member] | Past Due 31-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Commercial [Member] | Commercial Construction and Land Development [Member] | Past Due 90 Days or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	6	0
Commercial [Member] | Commercial Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	496
Current	240,091	208,901
Total loans receivable	240,091	209,397
Commercial [Member] | Commercial Mortgage [Member] | Past Due 31-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Commercial [Member] | Commercial Mortgage [Member] | Past Due 90 Days or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	496
Commercial [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	74	87
Current	23,346	22,791
Total loans receivable	23,420	22,878
Commercial [Member] | Commercial and Industrial [Member] | Past Due 31-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	3	0
Commercial [Member] | Commercial and Industrial [Member] | Past Due 90 Days or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	71	87
Non-Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	2,322	2,231
Current	310,659	303,744
Total loans receivable	312,981	305,975
Non-Commercial [Member] | Past Due 31-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	741	940
Non-Commercial [Member] | Past Due 90 Days or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	1,581	1,291
Non-Commercial [Member] | Non-Commercial Construction and Land Development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Current	18,375	16,587
Total loans receivable	18,375	16,587
Non-Commercial [Member] | Non-Commercial Construction and Land Development [Member] | Past Due 31-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Non-Commercial [Member] | Non-Commercial Construction and Land Development [Member] | Past Due 90 Days or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Non-Commercial [Member] | Residential Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	1,850	1,878
Current	198,651	184,961
Total loans receivable	200,501	186,839
Non-Commercial [Member] | Residential Mortgage [Member] | Past Due 31-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	386	685
Non-Commercial [Member] | Residential Mortgage [Member] | Past Due 90 Days or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	1,464	1,193
Non-Commercial [Member] | Revolving Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	308	202
Current	65,097	66,056
Total loans receivable	65,405	66,258
Non-Commercial [Member] | Revolving Mortgage [Member] | Past Due 31-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	211	104
Non-Commercial [Member] | Revolving Mortgage [Member] | Past Due 90 Days or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	97	98
Non-Commercial [Member] | Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	164	151
Current	28,536	36,140
Total loans receivable	28,700	36,291
Non-Commercial [Member] | Consumer [Member] | Past Due 31-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	144	151
Non-Commercial [Member] | Consumer [Member] | Past Due 90 Days or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	$ 20	$ 0

LOANS RECEIVABLE, Recorded Inve

LOANS RECEIVABLE, Recorded Investment in Loans by Segment and Class Not Accruing Interest or 90 Days or More Past Due and Accruing Interest (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccruing	$ 2,481	$ 2,548
Past due 90 days or more and still accruing	0	0
Loans serviced for Habitat for Humanity of Western North Carolina	16,300	15,800
Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccruing	600	1,045
Past due 90 days or more and still accruing	0	0
Commercial [Member] | Commercial Construction and Land Development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccruing	6	0
Past due 90 days or more and still accruing	0	0
Commercial [Member] | Commercial Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccruing	387	818
Past due 90 days or more and still accruing	0	0
Commercial [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccruing	207	227
Past due 90 days or more and still accruing	0	0
Non-Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccruing	1,881	1,503
Past due 90 days or more and still accruing	0	0
Non-Commercial [Member] | Residential Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccruing	1,680	1,309
Past due 90 days or more and still accruing	0	0
Non-Commercial [Member] | Revolving Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccruing	181	194
Past due 90 days or more and still accruing	0	0
Non-Commercial [Member] | Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccruing	20	0
Past due 90 days or more and still accruing	$ 0	$ 0

LOANS RECEIVABLE, Loans Made to

LOANS RECEIVABLE, Loans Made to Related Parties (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Loans made to directors and executive officers [Roll Forward]
Director and executive officer loans, beginning of period	$ 3,530	$ 4,022
New loans	71	718
Repayments of loans	(168)	(1,210)
Director and executive officer loans, end of period	$ 3,433	$ 3,530

ALLOWANCE FOR LOAN LOSSES, Anal

ALLOWANCE FOR LOAN LOSSES, Analysis of Allowance for Loan Losses by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016		Jun. 30, 2015
Analysis of allowance for loan losses by segment [Roll Forward]
Balance at beginning of period	$ 6,722	$ 6,042	$ 6,289	[1]	$ 5,949
Provision for (recovery of) loan losses	104	65	503		259
Charge-offs	(260)	(137)	(268)		(389)
Recoveries	17	154	59		305
Balance at end of period	6,583	6,124	6,583		6,124
Commercial [Member]
Analysis of allowance for loan losses by segment [Roll Forward]
Balance at beginning of period	4,179	3,429	3,710		3,409
Provision for (recovery of) loan losses	26	96	490		92
Charge-offs	(224)	0	(224)		(79)
Recoveries	5	3	10		106
Balance at end of period	3,986	3,528	3,986		3,528
Non-Commercial [Member]
Analysis of allowance for loan losses by segment [Roll Forward]
Balance at beginning of period	2,543	2,613	2,579		2,540
Provision for (recovery of) loan losses	78	(31)	13		167
Charge-offs	(36)	(137)	(44)		(310)
Recoveries	12	151	49		199
Balance at end of period	$ 2,597	$ 2,596	$ 2,597		$ 2,596
[1]	Derived from audited consolidated financial statements.

ALLOWANCE FOR LOAN LOSSES, Endi

ALLOWANCE FOR LOAN LOSSES, Ending Balances of Loans and Related Allowance by Segment and Class (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015		Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, loans individually evaluated for impairment	$ 145		$ 180
Allowance for loan losses, loans collectively evaluated	6,438		6,109
Allowance for loan losses, total	6,583	$ 6,722	6,289	[1]	$ 6,124	$ 6,042	$ 5,949
Total loans receivable, loans individually evaluated for impairment	6,973		7,055
Total loans receivable, loans collectively evaluated	599,635		569,508
Total loans receivable	606,608		576,563
Commercial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, loans individually evaluated for impairment	28		52
Allowance for loan losses, loans collectively evaluated	3,958		3,658
Allowance for loan losses, total	3,986	4,179	3,710		3,528	3,429	3,409
Total loans receivable, loans individually evaluated for impairment	3,557		4,063
Total loans receivable, loans collectively evaluated	290,070		266,525
Total loans receivable	293,627		270,588
Commercial [Member] | Commercial Construction and Land Development [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, loans individually evaluated for impairment	0		0
Allowance for loan losses, loans collectively evaluated	300		385
Allowance for loan losses, total	300		385
Total loans receivable, loans individually evaluated for impairment	6		0
Total loans receivable, loans collectively evaluated	30,110		38,313
Total loans receivable	30,116		38,313
Commercial [Member] | Commercial Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, loans individually evaluated for impairment	18		39
Allowance for loan losses, loans collectively evaluated	3,368		2,982
Allowance for loan losses, total	3,386		3,021
Total loans receivable, loans individually evaluated for impairment	3,331		3,811
Total loans receivable, loans collectively evaluated	236,760		205,586
Total loans receivable	240,091		209,397
Commercial [Member] | Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, loans individually evaluated for impairment	10		13
Allowance for loan losses, loans collectively evaluated	290		291
Allowance for loan losses, total	300		304
Total loans receivable, loans individually evaluated for impairment	220		252
Total loans receivable, loans collectively evaluated	23,200		22,626
Total loans receivable	23,420		22,878
Non-Commercial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, loans individually evaluated for impairment	117		128
Allowance for loan losses, loans collectively evaluated	2,480		2,451
Allowance for loan losses, total	2,597	$ 2,543	2,579		$ 2,596	$ 2,613	$ 2,540
Total loans receivable, loans individually evaluated for impairment	3,416		2,992
Total loans receivable, loans collectively evaluated	309,565		302,983
Total loans receivable	312,981		305,975
Non-Commercial [Member] | Non-Commercial Construction and Land Development [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, loans individually evaluated for impairment	0		0
Allowance for loan losses, loans collectively evaluated	143		139
Allowance for loan losses, total	143		139
Total loans receivable, loans individually evaluated for impairment	0		0
Total loans receivable, loans collectively evaluated	18,375		16,587
Total loans receivable	18,375		16,587
Non-Commercial [Member] | Residential Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, loans individually evaluated for impairment	32		42
Allowance for loan losses, loans collectively evaluated	1,281		1,140
Allowance for loan losses, total	1,313		1,182
Total loans receivable, loans individually evaluated for impairment	3,331		2,895
Total loans receivable, loans collectively evaluated	197,170		183,944
Total loans receivable	200,501		186,839
Non-Commercial [Member] | Revolving Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, loans individually evaluated for impairment	85		86
Allowance for loan losses, loans collectively evaluated	749		788
Allowance for loan losses, total	834		874
Total loans receivable, loans individually evaluated for impairment	85		97
Total loans receivable, loans collectively evaluated	65,320		66,161
Total loans receivable	65,405		66,258
Non-Commercial [Member] | Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, loans individually evaluated for impairment	0		0
Allowance for loan losses, loans collectively evaluated	307		384
Allowance for loan losses, total	307		384
Total loans receivable, loans individually evaluated for impairment	0		0
Total loans receivable, loans collectively evaluated	28,700		36,291
Total loans receivable	$ 28,700		$ 36,291
[1]	Derived from audited consolidated financial statements.

ALLOWANCE FOR LOAN LOSSES, Impa

ALLOWANCE FOR LOAN LOSSES, Impaired Loans and Related Allowance by Segment and Class (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	$ 7,703	$ 7,728
Recorded investment, with a recorded allowance	4,316	5,666
Recorded investment, with no recorded allowance	2,657	1,389
Recorded investment, total	6,973	7,055
Related recorded allowance	145	180
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	4,205	4,656
Recorded investment, with a recorded allowance	3,079	3,455
Recorded investment, with no recorded allowance	478	608
Recorded investment, total	3,557	4,063
Related recorded allowance	28	52
Commercial [Member] | Commercial Construction and Land Development [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	6
Recorded investment, with a recorded allowance	0
Recorded investment, with no recorded allowance	6
Recorded investment, total	6
Related recorded allowance	0
Commercial [Member] | Commercial Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	3,493	3,934
Recorded investment, with a recorded allowance	2,944	3,315
Recorded investment, with no recorded allowance	387	496
Recorded investment, total	3,331	3,811
Related recorded allowance	18	39
Commercial [Member] | Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	706	722
Recorded investment, with a recorded allowance	135	140
Recorded investment, with no recorded allowance	85	112
Recorded investment, total	220	252
Related recorded allowance	10	13
Non-Commercial [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	3,498	3,072
Recorded investment, with a recorded allowance	1,237	2,211
Recorded investment, with no recorded allowance	2,179	781
Recorded investment, total	3,416	2,992
Related recorded allowance	117	128
Non-Commercial [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	3,402	2,965
Recorded investment, with a recorded allowance	1,152	2,125
Recorded investment, with no recorded allowance	2,179	770
Recorded investment, total	3,331	2,895
Related recorded allowance	32	42
Non-Commercial [Member] | Revolving Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	96	107
Recorded investment, with a recorded allowance	85	86
Recorded investment, with no recorded allowance	0	11
Recorded investment, total	85	97
Related recorded allowance	$ 85	$ 86

ALLOWANCE FOR LOAN LOSSES, Aver

ALLOWANCE FOR LOAN LOSSES, Average Recorded Investment in Impaired Loans and Interest Income Recognized on Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Financing Receivable, Impaired [Line Items]
Average recorded investment	$ 6,778	$ 7,894	$ 6,888	$ 7,716
Interest income recognized	46	51	92	109
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	3,696	4,191	3,857	4,245
Interest income recognized	32	33	64	67
Commercial [Member] | Commercial Construction and Land Development [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	126	0	126	0
Interest income recognized	0	0	0	0
Commercial [Member] | Commercial Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	3,344	3,902	3,496	3,924
Interest income recognized	32	33	64	66
Commercial [Member] | Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	226	289	235	321
Interest income recognized	0	0	0	1
Non-Commercial [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	3,082	3,703	3,031	3,471
Interest income recognized	14	18	28	42
Non-Commercial [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	2,997	3,402	2,942	3,142
Interest income recognized	14	18	28	42
Non-Commercial [Member] | Revolving Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	85	301	89	329
Interest income recognized	$ 0	$ 0	$ 0	$ 0

ALLOWANCE FOR LOAN LOSSES, Summ

ALLOWANCE FOR LOAN LOSSES, Summary of Recorded Investment in TDRs (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016Loan	Jun. 30, 2015Loan	Jun. 30, 2016USD ($)Loan	Jun. 30, 2015USD ($)Loan
Financing Receivable, Modifications [Line Items]
Number of loans | Loan			0	2
Pre-modification outstanding recorded investment			$ 0	$ 182
Post-modification outstanding recorded investment			$ 0	$ 195
Loans modified as TDRs within the preceding 12 months that stopped performing during the period | Loan	0	0	0	0
Below Market Interest Rate [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Loan			0	1
Pre-modification outstanding recorded investment			$ 0	$ 153
Post-modification outstanding recorded investment			$ 0	$ 153
Extended Payment Terms [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Loan			0	1
Pre-modification outstanding recorded investment			$ 0	$ 29
Post-modification outstanding recorded investment			$ 0	$ 42
Commercial [Member] | Below Market Interest Rate [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Loan			0	1
Pre-modification outstanding recorded investment			$ 0	$ 153
Post-modification outstanding recorded investment			$ 0	$ 153
Commercial [Member] | Commercial and Industrial [Member] | Below Market Interest Rate [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Loan			0	1
Pre-modification outstanding recorded investment			$ 0	$ 153
Post-modification outstanding recorded investment			$ 0	$ 153
Non-Commercial [Member] | Extended Payment Terms [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Loan			0	1
Pre-modification outstanding recorded investment			$ 0	$ 29
Post-modification outstanding recorded investment			$ 0	$ 42
Non-Commercial [Member] | Residential Mortgage [Member] | Extended Payment Terms [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Loan			0	1
Pre-modification outstanding recorded investment			$ 0	$ 29
Post-modification outstanding recorded investment			$ 0	$ 42

ALLOWANCE FOR LOAN LOSSES, Loan

ALLOWANCE FOR LOAN LOSSES, Loans that were Considered to be TDRs (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Modifications [Line Items]
Restructured loans	$ 5,007,000	$ 5,531,000
Residential real estate loans in process of foreclosure	1,500,000	1,300,000
Foreclosed residential real estate property included in foreclosed real estate	687,000	705,000
Nonperforming [Member]
Financing Receivable, Modifications [Line Items]
Restructured loans	536,000	979,000
Performing [Member]
Financing Receivable, Modifications [Line Items]
Restructured loans	$ 4,471,000	$ 4,552,000

BENEFIT PLANS, Net Periodic Ben

BENEFIT PLANS, Net Periodic Benefit Cost Related to Defined Benefit Plans (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Apr. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Nov. 01, 2014
Defined Benefit Plan Disclosure [Line Items]
One-time credit from curtailment of benefits for future services								$ 499,000
Aggregate immediate lump sum payments to inactive participants						$ 846,000	$ 544,000
Accrued pension benefit recognized in accumulated other comprehensive income, before tax						8,000,000
Accrued pension benefit recognized in accumulated other comprehensive income, net of tax						$ 5,100,000
Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Vested accrued benefits specified for immediate lump sum payments to inactive participants									$ 60,000
Non-Qualified Defined Benefit Plan [Member]
Components of Net Periodic Benefit Costs [Abstract]
Interest cost		$ 14,000	$ 14,000	$ 28,000	$ 27,000
Amortization of net loss		11,000	14,000	23,000	29,000
Net periodic pension cost		25,000	28,000	51,000	56,000
Qualified Defined Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated annual periodic expense savings from settlement of pension benefit liability before tax	$ 810,000
Estimated annual periodic expense savings from settlement of pension benefit liability, net of tax	$ 513,000
Estimated annual periodic expense savings per share from settlement of pension benefit liability, net of tax (in dollars per share)	$ 0.14
Components of Net Periodic Benefit Costs [Abstract]
Interest cost		237,000	247,000	472,000	495,000
Expected return on plan assets		(202,000)	(236,000)	(401,000)	(472,000)
Amortization of net loss		163,000	180,000	324,000	360,000
Net periodic pension cost		$ 198,000	$ 191,000	$ 395,000	$ 383,000
Qualified Defined Benefit Plan [Member] | Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated one-time settlement charge before income taxes	$ 8,700,000
Estimated one time settlement charge after income taxes	$ 5,500,000
Estimated dilution on earnings per share (in dollars per share)	$ 1.49
Estimated dilution on common equity book value per share (in dollars per share)	$ 0.12
Qualified Defined Benefit Plan [Member] | Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated one-time settlement charge before income taxes	$ 9,500,000
Estimated one time settlement charge after income taxes	$ 6,000,000
Estimated dilution on earnings per share (in dollars per share)	$ 1.62
Estimated dilution on common equity book value per share (in dollars per share)	$ 0.24

BENEFIT PLANS, Employee Stock O

BENEFIT PLANS, Employee Stock Ownership Plan (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Shares held by ESOP [Abstract]
ESOP expense			$ 387,000	$ 323,000
Employee Stock Ownership Plan [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
ESOP Loan amount			$ 4,468,000
Number of shares purchased (in shares)			446,764
Common stock purchase price (in dollars per share)			$ 10
Interest rate on loan	3.25%		3.25%
Term of loan			15 years
Shares held by ESOP [Abstract]
Allocated ESOP shares (in shares)					118,694
ESOP shares committed to be released during the period (in shares)	15,608		15,608
Unallocated ESOP shares (in shares)	298,258		298,258
Total ESOP shares (in shares)	432,560		432,560
Fair value of unallocated ESOP shares	$ 7,316,000		$ 7,316,000
ESOP expense	$ 194,000	$ 165,000	$ 387,000	$ 323,000

BENEFIT PLANS, 2012 Equity Ince

BENEFIT PLANS, 2012 Equity Incentive Plan (Details) - 2012 Equity Incentive Plan [Member] - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares that may be awarded (in shares)	781,837		781,837
Number of shares purchased (in shares)					223,382
Total cost of shares purchased					$ 3,600,000
Average cost of shares purchased (in dollars per share)					$ 16.12
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares that may be awarded (in shares)	223,382		223,382
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares that may be awarded (in shares)	558,455		558,455
Restricted Stock and Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	$ 262,000	$ 263,000	$ 529,000	$ 528,000

BENEFIT PLANS, Restricted Stock

BENEFIT PLANS, Restricted Stock Award Activity (Details) - Restricted Stock [Member]	6 Months Ended
	Jun. 30, 2016USD ($)$ / sharesshares
Restricted Stock Awards, Number of Shares [Roll Forward]
Unvested restricted shares, beginning of period (in shares)	121,610
Vested and released to participants (in shares)	(40,297)
Unvested restricted shares, end of period (in shares)	81,313
Restricted Stock Awards, Weighted Average Grant Date Fair Value [Roll Forward]
Unvested restricted shares, beginning of period (in dollars per share) | $ / shares	$ 15.75
Vested and released to participants (in dollars per share) | $ / shares	15.74
Unvested restricted shares, end of period (in dollars per share) | $ / shares	$ 15.76
Granted (in shares)	0
Forfeited (in shares)	0
Unrecognized compensation expense, adjusted for expected forfeitures | $	$ 957,000
Weighted-average period over which compensation cost related to unvested awards is expected to be recognized	1 year 7 months 17 days

BENEFIT PLANS, Stock Option Act

BENEFIT PLANS, Stock Option Activity (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Stock Options Available for Granting [Roll Forward]
Exercised (in shares)	0
Stock Options Outstanding, Weighted Average Exercise Price [Abstract]
Exercised (in dollars per share)	$ 15.71
Stock Option [Member]
Stock Options Available for Granting [Roll Forward]
Outstanding, beginning of period (in shares)	60,355
Outstanding, end of period (in shares)	60,355		60,355
Stock Options Outstanding [Roll Forward]
Outstanding, beginning of period (in shares)	450,500
Granted (in shares)	0	0
Exercised (in shares)	(5,000)	0
Forfeited (in shares)	0	0
Outstanding, end of period (in shares)	445,500		450,500
Options exercisable, end of period (in shares)	249,900
Stock Options Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding, beginning of period (in dollars per share)	$ 16.03
Outstanding, end of period (in dollars per share)	16.03		$ 16.03
Options exercisable, end of period (in dollars per share)	$ 15.88
Stock Options Outstanding, Remaining Contractual Life [Abstract]
Outstanding	6 years 9 months		7 years 2 months 26 days
Options exercisable	6 years 8 months 5 days
Stock Options Outstanding, Aggregate Intrinsic Value [Abstract]
Outstanding, beginning of period	$ 4,473,000
Outstanding, end of period	3,786,000		$ 4,473,000
Options exercisable, end of period	2,162,000
Compensation costs related to unvested stock options [Abstract]
Unrecognized compensation expense	$ 735,000
Weighted-average period over which compensation cost related to unvested awards is expected to be recognized	1 year 10 months 24 days

COMMITMENTS AND CONTINGENCIES,

COMMITMENTS AND CONTINGENCIES, Commitments to Extend or Originate Credit and Under Standby Letters of Credit (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financial instruments whose contract amounts represent credit risk [Abstract]
Commitments	$ 190,567	$ 171,459
Commitments to Extend or Originate Credit [Member]
Financial instruments whose contract amounts represent credit risk [Abstract]
Commitments	189,907	171,339
Commitments under Standby Letters of Credit [Member]
Financial instruments whose contract amounts represent credit risk [Abstract]
Commitments	$ 660	$ 120

COMMITMENTS AND CONTINGENCIES54

COMMITMENTS AND CONTINGENCIES, Concentrations of Credit Risk and Investment Commitments (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Concentration Risk [Line Items]
Investment commitments					$ 2,000,000
Investment	$ 200,000	$ 200,000	$ 250,000	$ 350,000
Product Concentration Risk [Member] | Residential Mortgage [Member] | Residential Real Estate [Member] | Maximum [Member]
Concentration Risk [Line Items]
Percentage of loan to value of real estate pledged as collateral	80.00%
Percentage of loan to value of real estate with private mortgage insurance	95.00%
Product Concentration Risk [Member] | Commercial Mortgage [Member] | Commercial Real Estate [Member] | Maximum [Member]
Concentration Risk [Line Items]
Percentage of loan to value of real estate pledged as collateral	85.00%

FAIR VALUE MEASUREMENTS, Estima

FAIR VALUE MEASUREMENTS, Estimated Fair Values and Carrying Amounts of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financial assets [Abstract]
Securities available for sale	$ 107,134	$ 137,555	[1]
Securities held to maturity	3,735	3,809	[1]
Estimated Fair Value [Member]
Financial assets [Abstract]
Cash and cash equivalents	51,561	33,401
Securities available for sale	107,134	137,555
Securities held to maturity	4,041	4,086
Investments in FHLB stock	2,829	2,807
Loans held for sale	4,430	7,169
Loans receivable, net	606,059	572,286
Accrued interest receivable	2,116	2,456
Deferred compensation assets	1,320	1,359
Financial liabilities [Abstract]
Demand deposits	505,438	495,628
Time deposits	135,248	135,212
Repurchase agreements	450	324
Federal Home Loan Bank Advances	51,654	52,116
Deferred compensation liabilities	1,323	1,365
Accrued interest payable	122	121
Estimated Fair Value [Member] | Commitments to Extend or Originate Credit [Member]
Financial instruments whose contract amounts represent credit risk [Abstract]
Commitments	0	0
Estimated Fair Value [Member] | Commitments under Standby Letters of Credit [Member]
Financial instruments whose contract amounts represent credit risk [Abstract]
Commitments	0	0
Estimated Fair Value [Member] | Level 1 [Member]
Financial assets [Abstract]
Cash and cash equivalents	51,561	33,401
Securities available for sale	782	758
Securities held to maturity	0	0
Investments in FHLB stock	0	0
Loans held for sale	0	0
Loans receivable, net	0	0
Accrued interest receivable	0	0
Deferred compensation assets	1,320	1,359
Financial liabilities [Abstract]
Demand deposits	0	0
Time deposits	0	0
Repurchase agreements	0	0
Federal Home Loan Bank Advances	0	0
Deferred compensation liabilities	1,323	1,365
Accrued interest payable	0	0
Estimated Fair Value [Member] | Level 1 [Member] | Commitments to Extend or Originate Credit [Member]
Financial instruments whose contract amounts represent credit risk [Abstract]
Commitments	0	0
Estimated Fair Value [Member] | Level 1 [Member] | Commitments under Standby Letters of Credit [Member]
Financial instruments whose contract amounts represent credit risk [Abstract]
Commitments	0	0
Estimated Fair Value [Member] | Level 2 [Member]
Financial assets [Abstract]
Cash and cash equivalents	0	0
Securities available for sale	106,352	136,797
Securities held to maturity	4,041	4,086
Investments in FHLB stock	0	0
Loans held for sale	4,430	7,169
Loans receivable, net	0	0
Accrued interest receivable	0	0
Deferred compensation assets	0	0
Financial liabilities [Abstract]
Demand deposits	0	0
Time deposits	0	0
Repurchase agreements	0	0
Federal Home Loan Bank Advances	0	0
Deferred compensation liabilities	0	0
Accrued interest payable	0	0
Estimated Fair Value [Member] | Level 2 [Member] | Commitments to Extend or Originate Credit [Member]
Financial instruments whose contract amounts represent credit risk [Abstract]
Commitments	0	0
Estimated Fair Value [Member] | Level 2 [Member] | Commitments under Standby Letters of Credit [Member]
Financial instruments whose contract amounts represent credit risk [Abstract]
Commitments	0	0
Estimated Fair Value [Member] | Level 3 [Member]
Financial assets [Abstract]
Cash and cash equivalents	0	0
Securities available for sale	0	0
Securities held to maturity	0	0
Investments in FHLB stock	2,829	2,807
Loans held for sale	0	0
Loans receivable, net	606,059	572,286
Accrued interest receivable	2,116	2,456
Deferred compensation assets	0	0
Financial liabilities [Abstract]
Demand deposits	505,438	495,628
Time deposits	135,248	135,212
Repurchase agreements	450	324
Federal Home Loan Bank Advances	51,654	52,116
Deferred compensation liabilities	0	0
Accrued interest payable	122	121
Estimated Fair Value [Member] | Level 3 [Member] | Commitments to Extend or Originate Credit [Member]
Financial instruments whose contract amounts represent credit risk [Abstract]
Commitments	0	0
Estimated Fair Value [Member] | Level 3 [Member] | Commitments under Standby Letters of Credit [Member]
Financial instruments whose contract amounts represent credit risk [Abstract]
Commitments	0	0
Total Carrying Amount in Balance Sheet [Member]
Financial assets [Abstract]
Cash and cash equivalents	51,561	33,401
Securities available for sale	107,134	137,555
Securities held to maturity	3,735	3,809
Investments in FHLB stock	2,829	2,807
Loans held for sale	4,323	7,018
Loans receivable, net	599,629	569,798
Accrued interest receivable	2,116	2,456
Deferred compensation assets	1,320	1,359
Financial liabilities [Abstract]
Demand deposits	505,438	495,628
Time deposits	135,247	135,276
Repurchase agreements	450	327
Federal Home Loan Bank Advances	50,000	50,000
Deferred compensation liabilities	1,323	1,365
Accrued interest payable	122	121
Total Carrying Amount in Balance Sheet [Member] | Commitments to Extend or Originate Credit [Member]
Financial instruments whose contract amounts represent credit risk [Abstract]
Commitments	0	0
Total Carrying Amount in Balance Sheet [Member] | Commitments under Standby Letters of Credit [Member]
Financial instruments whose contract amounts represent credit risk [Abstract]
Commitments	$ 0	$ 0
[1]	Derived from audited consolidated financial statements.

FAIR VALUE MEASUREMENTS, Assets

FAIR VALUE MEASUREMENTS, Assets and Liabilities Recorded at Fair Value On a Recurring Basis (Details) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Securities available for sale [Abstract]
Securities available for sale		$ 107,134	$ 137,555	[1]
Asset-backed SBA Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		5,171	17,144
Residential Mortgage-backed Securities Issued by GSEs [Member]
Securities available for sale [Abstract]
Securities available for sale	[2]	47,877	50,948
Mutual Funds [Member]
Securities available for sale [Abstract]
Securities available for sale		782	758
Assets/ Liabilities Measured at Fair Value [Member]
Securities available for sale [Abstract]
Securities available for sale		107,134	137,555
Assets/ Liabilities Measured at Fair Value [Member] | Level 1 [Member]
Securities available for sale [Abstract]
Securities available for sale		782	758
Assets/ Liabilities Measured at Fair Value [Member] | Level 2 [Member]
Securities available for sale [Abstract]
Securities available for sale		106,352	136,797
Assets/ Liabilities Measured at Fair Value [Member] | Level 3 [Member]
Securities available for sale [Abstract]
Securities available for sale		0	0
Total Carrying Amount in Balance Sheets [Member]
Securities available for sale [Abstract]
Securities available for sale		107,134	137,555
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member]
Securities available for sale [Abstract]
Securities available for sale		107,134	137,555
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | U.S. GSE and Agency Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		2,132	2,114
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Asset-backed SBA Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		5,171	17,144
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Residential Mortgage-backed Securities Issued by GSEs [Member]
Securities available for sale [Abstract]
Securities available for sale		47,877	50,948
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | State and Local Government Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		51,172	66,591
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Mutual Funds [Member]
Securities available for sale [Abstract]
Securities available for sale		782	758
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 1 [Member]
Securities available for sale [Abstract]
Securities available for sale		782	758
Defined benefit plan assets [Abstract]
Defined benefit plan assets		17,132	16,109
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 1 [Member] | Administrative Fees [Member]
Defined benefit plan assets [Abstract]
Defined benefit plan liabilities			8
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 1 [Member] | Cash and Cash Equivalents [Member]
Defined benefit plan assets [Abstract]
Defined benefit plan assets		738	652
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 1 [Member] | Money Market Mutual Funds [Member]
Defined benefit plan assets [Abstract]
Defined benefit plan assets		2,273	145
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 1 [Member] | Debt Security Mutual Funds [Member]
Defined benefit plan assets [Abstract]
Defined benefit plan assets		14,121	12,089
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 1 [Member] | Equity Securities And Mutual Funds [Member]
Defined benefit plan assets [Abstract]
Defined benefit plan assets			3,231
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 1 [Member] | U.S. GSE and Agency Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		0	0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 1 [Member] | Asset-backed SBA Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		0	0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 1 [Member] | Residential Mortgage-backed Securities Issued by GSEs [Member]
Securities available for sale [Abstract]
Securities available for sale		0	0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 1 [Member] | State and Local Government Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		0	0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 1 [Member] | Mutual Funds [Member]
Securities available for sale [Abstract]
Securities available for sale		782	758
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 2 [Member]
Securities available for sale [Abstract]
Securities available for sale		106,352	136,797
Defined benefit plan assets [Abstract]
Defined benefit plan assets		0	0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 2 [Member] | Administrative Fees [Member]
Defined benefit plan assets [Abstract]
Defined benefit plan liabilities			0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 2 [Member] | Cash and Cash Equivalents [Member]
Defined benefit plan assets [Abstract]
Defined benefit plan assets		0	0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 2 [Member] | Money Market Mutual Funds [Member]
Defined benefit plan assets [Abstract]
Defined benefit plan assets		0	0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 2 [Member] | Debt Security Mutual Funds [Member]
Defined benefit plan assets [Abstract]
Defined benefit plan assets		0	0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 2 [Member] | Equity Securities And Mutual Funds [Member]
Defined benefit plan assets [Abstract]
Defined benefit plan assets			0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 2 [Member] | U.S. GSE and Agency Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		2,132	2,114
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 2 [Member] | Asset-backed SBA Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		5,171	17,144
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 2 [Member] | Residential Mortgage-backed Securities Issued by GSEs [Member]
Securities available for sale [Abstract]
Securities available for sale		47,877	50,948
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 2 [Member] | State and Local Government Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		51,172	66,591
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 2 [Member] | Mutual Funds [Member]
Securities available for sale [Abstract]
Securities available for sale		0	0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 3 [Member]
Securities available for sale [Abstract]
Securities available for sale		0	0
Defined benefit plan assets [Abstract]
Defined benefit plan assets		0	0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 3 [Member] | Administrative Fees [Member]
Defined benefit plan assets [Abstract]
Defined benefit plan liabilities			0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 3 [Member] | Cash and Cash Equivalents [Member]
Defined benefit plan assets [Abstract]
Defined benefit plan assets		0	0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 3 [Member] | Money Market Mutual Funds [Member]
Defined benefit plan assets [Abstract]
Defined benefit plan assets		0	0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 3 [Member] | Debt Security Mutual Funds [Member]
Defined benefit plan assets [Abstract]
Defined benefit plan assets		0	0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 3 [Member] | Equity Securities And Mutual Funds [Member]
Defined benefit plan assets [Abstract]
Defined benefit plan assets			0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 3 [Member] | U.S. GSE and Agency Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		0	0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 3 [Member] | Asset-backed SBA Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		0	0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 3 [Member] | Residential Mortgage-backed Securities Issued by GSEs [Member]
Securities available for sale [Abstract]
Securities available for sale		0	0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 3 [Member] | State and Local Government Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		0	0
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 3 [Member] | Mutual Funds [Member]
Securities available for sale [Abstract]
Securities available for sale		0	0
Fair Value, Measurements, Recurring [Member] | Total Carrying Amount in Balance Sheets [Member]
Securities available for sale [Abstract]
Securities available for sale		107,134	137,555
Fair Value, Measurements, Recurring [Member] | Total Carrying Amount in Balance Sheets [Member] | U.S. GSE and Agency Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		2,132	2,114
Fair Value, Measurements, Recurring [Member] | Total Carrying Amount in Balance Sheets [Member] | Asset-backed SBA Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		5,171	17,144
Fair Value, Measurements, Recurring [Member] | Total Carrying Amount in Balance Sheets [Member] | Residential Mortgage-backed Securities Issued by GSEs [Member]
Securities available for sale [Abstract]
Securities available for sale		47,877	50,948
Fair Value, Measurements, Recurring [Member] | Total Carrying Amount in Balance Sheets [Member] | State and Local Government Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		51,172	66,591
Fair Value, Measurements, Recurring [Member] | Total Carrying Amount in Balance Sheets [Member] | Mutual Funds [Member]
Securities available for sale [Abstract]
Securities available for sale		$ 782	$ 758
[1]	Derived from audited consolidated financial statements.
[2]	Residential mortgage-backed securities were issued by United States government sponsored enterprises including the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, or Government National Mortgage Association. The Company held no private label residential mortgage-backed securities at June 30, 2016 and December 31, 2015 or during the six- and twelve-month periods, respectively, then ended.

FAIR VALUE MEASUREMENTS, Asse57

FAIR VALUE MEASUREMENTS, Assets and Liabilities Recorded at Fair Value on Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Assets/ Liabilities Measured at Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impaired loans	[1]	$ 1,635	$ 1,876
Foreclosed properties	[1]	1,529	1,682
Assets/ Liabilities Measured at Fair Value [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impaired loans		0	0
Foreclosed properties		0	0
Assets/ Liabilities Measured at Fair Value [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impaired loans		0	0
Foreclosed properties		0	0
Assets/ Liabilities Measured at Fair Value [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impaired loans		1,635	1,876
Foreclosed properties		1,529	1,682
Total Carrying Amount in Balance Sheets [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impaired loans	[1]	1,635	1,876
Foreclosed properties	[1]	$ 1,529	$ 1,682
[1]	Properties recorded at cost and not market are excluded.

FAIR VALUE MEASUREMENTS, Quanti

FAIR VALUE MEASUREMENTS, Quantitative Information about Financial and Nonfinancial Assets Measured at Fair Value on Nonrecurring (Details) - Level 3 [Member] - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2016	Dec. 31, 2015
Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value	[1]	$ 1,635	$ 1,876
Foreclosed Properties [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value	[1]	$ 1,529	$ 1,682
Discounted Appraisals [Member] | Impaired Loans [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Collateral discounts	[2],[3]	0.00%	0.00%
Discounted Appraisals [Member] | Impaired Loans [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Collateral discounts	[2],[3]	36.00%	36.00%
Discounted Appraisals [Member] | Impaired Loans [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Collateral discounts	[2],[3]	15.00%	21.00%
Discounted Appraisals [Member] | Foreclosed Properties [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Collateral discounts	[2],[3]	0.00%	0.00%
Discounted Appraisals [Member] | Foreclosed Properties [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Collateral discounts	[2],[3]	22.00%	22.00%
Discounted Appraisals [Member] | Foreclosed Properties [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Collateral discounts	[2],[3]	10.00%	5.00%
[1]	Properties recorded at cost and not market are excluded.
[2]	Appraisals of collateral may be adjusted by management for customized discounting criteria, estimated sales costs, and proprietary qualitative adjustments.
[3]	Fair value is generally based on appraisals of the underlying collateral.

SIGNIFICANT STOCK REPURCHASES (

SIGNIFICANT STOCK REPURCHASES (Details) - Subsequent Event [Member] - $ / shares	Jul. 11, 2016	Jul. 01, 2016
Class of Stock [Line Items]
Number of shares authorized to be repurchased (in shares)		200,000
Common stock repurchased (in shares)	200,000
Average purchase price per share (in dollars per share)	$ 24.62
Common stock, shares outstanding (in shares)	3,787,322